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Fidelity New Markets Income FNMIX

Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 12.32  /  +0.08 %
  • Total Assets 4.1 Bil
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.820%
  • 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 5.25%
  • Effective Duration

USD | NAV as of Feb 28, 2024 | 1-Day Return as of Feb 28, 2024, 11:16 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.

This team is still settling in.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

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.

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Portfolio Holdings FNMIX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 10.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 2.875%

2.47 103.6 Mil
Government

Cash Offsets For Shorts & Derivatives

1.20 50.1 Mil
Cash and Equivalents

Pemex Project Funding Master Trust 6.625%

1.18 49.6 Mil
Government

Petroleos Mexicanos 7.69%

1.12 46.9 Mil
Corporate

Qatar (State of) 4.817%

0.90 37.7 Mil
Government

Colombia (Republic of) 3%

0.78 32.9 Mil
Government

Saudi Arabian Oil Company 3.5%

0.78 32.5 Mil
Government

Southern Gas Corridor 6.875%

0.76 31.9 Mil
Government

Oman (Sultanate Of) 6.75%

0.75 31.5 Mil
Government

Abu Dhabi (Emirate of) 3.125%

0.74 30.9 Mil
Government