Morningstar

Fidelity Advisor New Markets Income Fund - Class M FGWMX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 13.97  /  0.00
  • Total Assets 3.9B
  • Adj. Expense Ratio
    1.040%
  • Expense Ratio 1.040%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Emerging Markets Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.63%
  • Effective Duration —

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 4:47 AM GMT+0

Morningstar’s Analysis FGWMX

Will FGWMX outperform in the 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 FGWMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FGWMX 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 FGWMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A solid option for emerging-market bond exposure.

Principal Shannon Kirwin

Shannon Kirwin

Principal

Summary

Fidelity New Markets Income's Tim Gill and Nader Nazmi have executed this hard-currency emerging-market debt strategy with care since taking the helm five years ago.

by Shannon Kirwin
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Portfolio Holdings FGWMX

More FGWMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Cash Central Fund

6.00 232M
Cash and Equivalents

10 Year Treasury Note Future Sept 26

4.50 174M
Government

Argentina (Republic Of) 4.125%

1.13 44M
Government

United States Treasury Notes 4.125%

0.86 33M
Government

Pemex Project Funding Master Trust 6.625%

0.84 33M
Corporate

Argentina (Republic Of) 0.75%

0.81 31M
Government

Argentina (Republic Of) 5%

0.79 31M
Government

Petroleos de Venezuela SA 5.5%

0.79 31M
Government

Ecuador (Republic Of) 6.9%

0.75 29M
Government

Petroleos de Venezuela SA 5.375%

0.71 27M
Government

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