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.
Will FNMIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars 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.