Morningstar

Fidelity New Markets Income FNMIX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 13.02  /  −0.23 %
  • Total Assets 4.8 Bil
  • Adj. Expense Ratio
    0.790%
  • 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 0
  • Status Open
  • TTM Yield 4.96%
  • Effective Duration —

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 10:20 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.

  • 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.

Associate Director Shannon Kirwin

Shannon Kirwin

Associate Director

Summary

Fidelity New Markets Income's Tim Gill and Nader Nazmi have executed this hard-currency emerging-markets debt strategy with care since taking the helm four years ago, earning upgrades of its People and Process Pillars to Above Average from Average.

by Shannon Kirwin
Rated on Published on

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Portfolio Holdings FNMIX

More FNMIX Holdings
  • 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

Fidelity Cash Central Fund

2.80 131.4 Mil
Cash and Equivalents

United States Treasury Bonds 2.875%

2.30 108.3 Mil
Government

Petroleos Mexicanos 7.69%

1.23 57.9 Mil
Corporate

Pemex Project Funding Master Trust 6.625%

1.15 54.1 Mil
Corporate

Qatar (State of) 4.817%

1.04 48.8 Mil
Government

Ice Cdx Cxpem541 06/20/29

1.00 46.8 Mil
Derivative

Oman (Sultanate Of) 6.75%

0.84 39.5 Mil
Government

Mexico (United Mexican States) 6.05%

0.75 35.2 Mil
Government

Abu Dhabi (Emirate of) 3.125%

0.75 35.0 Mil
Government

Ecuador (Republic Of) 6.9%

0.74 34.8 Mil
Government

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