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FNMIX Fidelity® New Markets Income

  • Fund
  • FNMIX
  • Price as of: Dec 02, 2016
  • $15.27
  • - $0.10
  • - 0.65%
  • Category
  • Emerging Markets Bonds

FNMIX - Profile

Vitals

  • YTD Return 5.2%
  • 3 Yr Annualized Return 6.1%
  • 5 Yr Annualized Return 6.6%
  • Net Assets $4.99 B
  • Holdings in Top 10 15.3%

52 WEEK LOW AND HIGH

$15.27
$13.95
$16.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.84%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 110.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Emerging Markets Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return 5.2%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return 6.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 5.93%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Fidelity® New Markets Income Fund
  • Fund Family Name Fidelity Investments
  • Inception Date May 04, 1993
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager John H. Carlson

Fund Description

The Fidelity New Markets Income Fund (FNMIX) is a low-cost, actively managed fund that seeks high current income as well as capital appreciation. FNMIX invests in fixed-income and debt securities issued by emerging-market nations and corporations. The fund focuses primarily on U.S.-dollar-denominated debt, however, it can own securities in local currencies. Managers use top-down analysis to select countries that have growth potential and then use credit research to choose the underlying bonds.

As a fund that bets solely on emerging-market bonds, FNMIX makes a perfect subcore or satellite position in a broader fixed-income portfolio. The fund is managed by Fidelity

FNMIX - Performance

Return Ranking - Trailing

Period FNMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.2% -16.1% 229.1% 25.95% 2
1 Yr 13.8% -22.3% 206.8% 6.41% 1
3 Yr 6.1% * -14.9% 42.2% 1.49% 1
5 Yr 6.6% * -9.6% 24.5% 1.85% 1
10 Yr 7.6% * -1.8% 9.4% 8.47% 1

* Annualized


Return Ranking - Calendar

Period FNMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.8% -26.3% 1.7% 17.70% 2
2014 -2.1% -16.1% 4.7% 19.45% 2
2013 -12.4% -24.6% 21.6% 46.70% 3
2012 12.4% -0.8% 19.3% 29.07% 2
2011 1.2% -23.5% 1.4% 1.92% 1

Total Return Ranking - Trailing

Period FNMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.2% -16.1% 235.1% 43.15% 3
1 Yr 13.8% -25.4% 228.0% 5.25% 1
3 Yr 6.1% * -11.7% 54.2% 1.49% 1
5 Yr 6.6% * -8.2% 38.6% 2.44% 1
10 Yr 7.6% * 1.1% 28.9% 11.86% 1

* Annualized


Total Return Ranking - Calendar

Period FNMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.8% -26.3% 8.1% 40.31% 3
2014 -0.5% -14.7% 9.5% 37.54% 3
2013 -10.9% -24.6% 32.1% 63.00% 4
2012 15.5% 0.0% 40.8% 45.35% 3
2011 2.0% -28.1% 13.5% 32.69% 2

NAV & Total Return History

FNMIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FNMIX Category Low Category High FNMIX % Rank Quintile
Net Assets 4.99 B 2.39 M 6.21 B 0.87% 1
Number of Holdings 289 2 953 6.40% 2
Net Assets in Top 10 756 M -1.51 M 1.19 B 1.45% 1
Weighting of Top 10 15.3% 0.0% 274.1% 26.16% 5

Top 10 Holdings

  1. Petroleos Mexicanos 6.5% 1.81%
  2. United Mexican States 10% 1.81%
  3. Sth Africa(Rep Of) 10.5% 1.67%
  4. Russian Fedn 12.75% 1.66%
  5. Russian Federation 7.5% 1.37%
  6. Petroleos Mexicanos Mtn 144a 6.875% 1.23%
  7. Pemex Proj Fdg Master Tr 6.625% 1.22%
  8. Petrobras Glbl Fin B V 8.375% 1.83%
  9. Petrobras Glbl Fin B V 8.75% 1.52%
  10. Sth Africa(Rep Of) 8% 1.16%

Asset Allocation

Weighting Category Low Category High FNMIX % Rank Quintile
Bonds
89.09% 0.00% 227.27% 20.93% 4
Cash
10.42% -127.60% 100.00% 7.85% 2
Stocks
0.49% -3.12% 100.07% 2.62% 1
Convertible Bonds
0.00% 0.00% 2.08% 4.07% 5
Preferred Stocks
0.00% 0.00% 1.40% 1.45% 5
Other
0.00% -3.01% 11.31% 18.31% 5

Stock Sector Breakdown

Weighting Category Low Category High FNMIX % Rank Quintile
Consumer Cyclical
0.35% 0.00% 11.02% 4.35% 1
Basic Materials
0.04% 0.00% 9.36% 13.04% 3
Industrials
0.01% 0.00% 6.74% 13.04% 3
Financial Services
0.00% 0.00% 23.66% 15.94% 5
Healthcare
0.00% 0.00% 2.74% 13.04% 5
Real Estate
0.00% 0.00% 2.81% 14.49% 5
Energy
0.00% 0.00% 8.68% 17.39% 5
Communication Services
0.00% 0.00% 7.91% 13.04% 5
Consumer Defense
0.00% 0.00% 7.17% 11.59% 5
Technology
0.00% 0.00% 25.36% 11.59% 5
Utilities
0.00% 0.00% 1.58% 11.59% 5

Stock Geographic Breakdown

Weighting Category Low Category High FNMIX % Rank Quintile
Non US
0.49% -0.01% 95.98% 2.33% 1
US
0.00% -3.11% 100.07% 2.33% 5

Bond Sector Breakdown

Weighting Category Low Category High FNMIX % Rank Quintile
Government
61.90% 0.00% 142.90% 14.53% 3
Corporate
26.60% 0.00% 175.12% 14.24% 3
Cash & Equivalents
10.42% -39.73% 100.00% 6.98% 2
Municipal
0.18% 0.00% 3.92% 5.23% 1
Securitized
0.08% 0.00% 22.90% 8.14% 2
Derivative
0.00% -151.40% 20.69% 5.52% 4

Bond Geographic Breakdown

Weighting Category Low Category High FNMIX % Rank Quintile
Non US
88.00% 0.00% 245.67% 20.93% 4
US
1.09% -84.92% 63.60% 10.17% 2

FNMIX - Expenses

Operational Fees

FNMIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.84% 0.29% 35.45% 52.33% 1
Management Fee 0.66% 0.28% 1.30% 7.85% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.60% N/A N/A

Sales Fees

FNMIX Fees (% of AUM) Category Low Category High FNMIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

FNMIX Fees (% of AUM) Category Low Category High FNMIX Rank Quintile
Max Redemption Fee 1.00% 0.75% 2.00% 4.00% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FNMIX Fees (% of AUM) Category Low Category High FNMIX Rank Quintile
Turnover 110.00% 15.00% 605.00% 9.04% 4

FNMIX - Distributions

Dividend Yield Analysis

FNMIX Category Low Category High FNMIX % Rank Quintile
Dividend Yield 0.8% 0.00% 3.24% 3.99% 1

Dividend Distribution Analysis

FNMIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FNMIX Category Low Category High FNMIX % Rank Quintile
Net Income Ratio 5.93% -0.29% 8.90% 14.24% 1

Capital Gain Distribution Analysis

FNMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Monthly Annually

FNMIX - Managers

John H. Carlson

Manager

Start Date

Jun 19, 1995

Tenure

21.38

Tenure Rank

0.2%

Carlson is vice president and portfolio manager with Fidelity Investments, his employer since June 1995. Previously, he was executive director of emerging markets with Lehman Brothers International from 1992 to 1995. Prior to that, he was vice president of capital markets with Daiwa Securities of America from 1990 to 1992. He also served as president and chief executive officer for Security Pacific Securities and with Merrill Lynch Capital Markets as vice president and manager of hedging and arbitrage.


Tenure Analysis

Category Low

0.1

Category High

21.9

Category Average

3.79

Category Mode

4.8