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Fidelity® New Markets Income FNMIX

Analyst rating as of
NAV / 1-Day Return
14.60  /  0.35 %
Total Assets
6.3 Bil
Adj. Expense Ratio
0.810%
Expense Ratio
0.810%
Fee Level
Below Average
Longest Manager Tenure
2.37 years
Category
Emerging Markets Bond
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
0
Status
Open
TTM Yield
3.84%
Effective Duration
years
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Morningstar’s Analysis

Will FNMIX outperform in future?

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

Changes in leadership as well uncertainty around the process give us pause.

Senior Analyst

Summary

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Changes in Fidelity New Markets Income's management team along with concerns about the process and its execution warrant a downgrade of both the People and Process Pillars to Average, leading to a Morningstar Analyst Rating of Neutral across all share classes.

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