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-1.27% 3 years+2.58%
3 months+1.42% 5 years+3.54%
1 year+6.56% Since inception+10.11%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+3.54%+3.19%
Expense ratio0.84%1.09%
Risk 5 year sharpe ratio0.450.45
Net assets$8.6B$726.4M
Average market cap$438.4B$11.3B
Average P/E35.0--
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 income94.09%
International stock0.36%
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
-- 4.98%
-- 2.57%
-- 2.46%
-- 1.72%
-- 1.72%
-- 1.40%
-- 1.28%
-- 1.22%
-- 1.14%
-- 1.14%