Morningstar

Fidelity New Markets Income Fund FNMIX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $13.39  /  −0.22 %
  • Fund Size $3.7B
  • Adjusted Expense Ratio 0.750%
  • Net Expense Ratio 0.750%
  • Fee Level: Distribution Below Average
  • Share Class Type No Load
  • Morningstar Category Emerging Markets Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 5.20%
  • Average Effective Duration —
NAV and 1-Day Return as of

Morningstar’s Analysis FNMIX

Will FNMIX 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 FNMIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    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.

  • Parent Pillar

    The Parent Pillar is our rating of FNMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

These managers have earned their stripes.

Principal Shannon Kirwin

Shannon Kirwin

Principal

Summary

A well-founded investment process and an expert management team help this hard-currency emerging-market bond strategy stand out.

by Shannon Kirwin
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Portfolio Holdings FNMIX

More FNMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Cash Central Fund

6.59 254M
Cash and Equivalents

10 Year Treasury Note Future Dec 26

4.25 163M
Government

Argentina (Republic Of) 4.125%

1.25 48M
Government

United States Treasury Notes 4.125%

0.84 32M
Government

Pemex Project Funding Master Trust 6.625%

0.84 32M
Corporate

Petroleos de Venezuela SA 5.5%

0.81 31M
Government

Argentina (Republic Of) 5%

0.79 30M
Government

Ecuador (Republic Of) 6.9%

0.75 29M
Government

Argentina (Republic Of) 0.75%

0.72 28M
Government

Petroleos de Venezuela SA 5.375%

0.68 26M
Government

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