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Morningstar

Fidelity New Markets Income FNMIX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 12.36  /  +0.26 %
  • Total Assets 4.2 Bil
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 0.790%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Emerging Markets Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 5.21%
  • Effective Duration —

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:14 PM GMT+0

Morningstar’s Analysis FNMIX

Will FNMIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FNMIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FNMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FNMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This team is still settling in.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

We have qualitatively reviewed this strategy and reaffirmed its Average Process and People ratings. Since formally taking over in late 2020, management has navigated a variety of market environments well. But there have been some team changes, and it will take time for new faces to acclimate here.

by Mike Mulach
Rated on Published on

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Portfolio Holdings FNMIX

More FNMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 2.875%

2.39 97.9 Mil
Government

Pemex Project Funding Master Trust 6.625%

1.16 47.5 Mil
Corporate

Petroleos Mexicanos 7.69%

1.11 45.4 Mil
Corporate

Cash

0.96 39.2 Mil
Cash and Equivalents

Qatar (State of) 4.817%

0.88 35.9 Mil
Government

Oman (Sultanate Of) 6.75%

0.74 30.3 Mil
Government

Mexico (United Mexican States) 6.05%

0.73 29.8 Mil
Government

Southern Gas Corridor 6.875%

0.70 28.8 Mil
Government

Abu Dhabi (Emirate of) 3.125%

0.70 28.6 Mil
Government

Saudi Arabian Oil Company 3.5%

0.68 27.8 Mil
Corporate