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.
Fidelity New Markets Income FNMIX
- NAV / 1-Day Return 12.39 / +0.26 %
- Total Assets 4.2 Bil
-
Adj. Expense Ratio
- 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 23, 2024 | 1-Day Return as of Apr 23, 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.
People Pillar
Parent Pillar
- 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 |