Fidelity® New Markets Income Fund (FNMIX)

Net Asset Value
1 Day
Overall Morningstar Rating
Emerging markets bond
Style or Category
No Load
Sales Expenses
Expense Ratio
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.


1 month+1.49% 3 years+3.70%
3 months+4.00% 5 years+5.75%
1 year+8.77% Since inception+9.97%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+5.75%+5.12%
Expense ratio0.84%1.09%
Risk 5 year sharpe ratio0.630.70
Net assets$8.1B$784.3M
Average market cap$67.7B$734.8M
Average P/E8.96.9
Portfolio turnover60%60%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureJonathan Kelly / 1 Years
Minimal initial investment$0.00
Minimum IRA investment$2,500.00


Fixed income91.30%
International stock0.35%
U.S. stock0.00%
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
-- 6.29%
-- 2.31%
-- 2.19%
-- 1.92%
-- 1.71%
-- 1.66%
-- 1.65%
-- 1.46%
-- 1.41%
-- 1.37%