Fidelity New Markets Income’s longtime manager John Carlson stepped down from the strategy at the end of 2019. While a material event, continuity and experience aren’t lacking at the helm of the strategy and the investment process is essentially unchanged. The strategy’s cheapest share classes earn a Morningstar Analyst Rating of Silver while more expensive shares are rated Bronze and Neutral.
Will FNMIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
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.
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.
The Parent Pillar is our rating of FNMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.