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-0.11% 3 years+2.54%
3 months-1.57% 5 years+3.94%
1 year+6.25% Since inception+9.94%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+3.94%+3.61%
Expense ratio0.84%1.09%
Risk 5 year sharpe ratio0.440.46
Net assets$8.6B$723.1M
Average market cap$455.7B$948.9M
Average P/E32.84.7
Portfolio turnover60%60%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureJohn Carlson / 24 Years
Minimal initial investment$0.00
Minimum IRA investment$2,500.00


Fixed income91.06%
International stock0.14%
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
-- 6.33%
-- 2.73%
-- 1.87%
-- 1.87%
-- 1.41%
-- 1.39%
-- 1.34%
-- 1.29%
-- 1.28%
-- 1.20%