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Fidelity® New Markets Income Fund (FNMIX)

16.26
Net Asset Value
-0.25%
1 Day
+11.98%
Year-to-Date
Overall Morningstar Rating
Emerging markets bond
Style or Category
No Load
Sales Expenses
0.86%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks high current income; capital appreciation is a secondary objective. The fund normally invests at least 80% of assets in securities of issuers in emerging markets (countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets with similar emerging characteristics) and other investments that are tied economically to emerging markets. It is non-diversified.

Performance

1 month+1.70% 3 years+7.52%
3 months+8.86% 5 years+6.93%
1 year+17.36% Since inception+10.92%
Data through --

Peer Comparisonvs. Emerging markets bond

 FNMIXCategory
Performance 5-yr return+6.93%+3.31%
Expense ratio0.86%1.19%
Risk 5 year sharpe ratio0.790.44
Net assets$4.7B$576.5M
Average market cap$23.5B$24.1B
Average P/E12.511.9
Portfolio turnover110%110%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureJohn Carlson / 21 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00

Holdings

Fixed income90.08%
International stock7.11%
Cash2.80%
U.S. stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 25.34%
Industrial materials 18.56%
Energy 15.19%
Consumer goods 10.58%
Telecommunication 9.53%
Top 10 Holdings
Portfolio weighting
EEM iShares MSCI Emerging Markets ETF2.56%
EWZ iShares MSCI Brazil Capped ETF2.06%
-- 2.02%
-- 1.94%
-- 1.54%
-- 1.52%
-- 1.31%
-- 1.27%
-- 1.26%
-- 1.21%

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