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.
Fidelity New Markets Income FNMIX
- NAV / 1-Day Return 12.56 / +0.24 %
- Total Assets 4.1 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.790%
- 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 5.23%
- Effective Duration —
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:15 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 10.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Bonds 2.875% | 2.47 | 100.5 Mil | Government |
Pemex Project Funding Master Trust 6.625% | 1.18 | 48.1 Mil | Government |
Petroleos Mexicanos 7.69% | 1.13 | 46.0 Mil | Corporate |
Fidelity Cash Central Fund | 1.04 | 42.4 Mil | Cash and Equivalents |
Cash | 1.02 | 41.4 Mil | Cash and Equivalents |
Qatar (State of) 4.817% | 0.89 | 36.1 Mil | Government |
Saudi Arabian Oil Company 3.5% | 0.79 | 31.9 Mil | Corporate |
Colombia (Republic of) 3% | 0.78 | 31.5 Mil | Government |
Oman (Sultanate Of) 6.75% | 0.75 | 30.4 Mil | Government |
Mexico (United Mexican States) 6.05% | 0.74 | 30.2 Mil | Government |