Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.9%
1 yr return
13.5%
3 Yr Avg Return
1.0%
5 Yr Avg Return
1.4%
Net Assets
$4.19 B
Holdings in Top 10
9.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.07%
SALES FEES
Front Load 4.00%
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FGVMX - Profile
Distributions
- YTD Total Return 6.9%
- 3 Yr Annualized Total Return 1.0%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.93%
- Dividend Yield 3.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFidelity New Markets Income Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateDec 07, 2018
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTimothy Gill
Fund Description
FGVMX - Performance
Return Ranking - Trailing
Period | FGVMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.9% | -6.0% | 465.8% | 37.07% |
1 Yr | 13.5% | -4.1% | 488.6% | 27.89% |
3 Yr | 1.0%* | -8.2% | 59.3% | 30.28% |
5 Yr | 1.4%* | -7.3% | 29.4% | 28.78% |
10 Yr | N/A* | -5.6% | 14.5% | 28.36% |
* Annualized
Return Ranking - Calendar
Period | FGVMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.9% | -10.6% | 17.8% | 12.93% |
2022 | -19.2% | -29.1% | -2.4% | 59.86% |
2021 | -5.6% | -24.0% | 2.7% | 23.21% |
2020 | 0.1% | -14.0% | 9.7% | 63.47% |
2019 | 5.6% | -6.4% | 13.0% | 83.90% |
Total Return Ranking - Trailing
Period | FGVMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.9% | -6.0% | 465.8% | 37.07% |
1 Yr | 13.5% | -4.1% | 488.6% | 27.89% |
3 Yr | 1.0%* | -8.2% | 59.3% | 30.28% |
5 Yr | 1.4%* | -7.3% | 29.4% | 28.78% |
10 Yr | N/A* | -5.6% | 14.5% | 34.83% |
* Annualized
Total Return Ranking - Calendar
Period | FGVMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.6% | -0.6% | 20.0% | 21.77% |
2022 | -15.4% | -27.6% | -1.7% | 67.25% |
2021 | -1.8% | -18.5% | 7.4% | 26.07% |
2020 | 4.6% | -7.8% | 18.0% | 60.52% |
2019 | 11.0% | -3.0% | 23.0% | 85.77% |
NAV & Total Return History
FGVMX - Holdings
Concentration Analysis
FGVMX | Category Low | Category High | FGVMX % Rank | |
---|---|---|---|---|
Net Assets | 4.19 B | 565 K | 14.8 B | 5.10% |
Number of Holdings | 422 | 4 | 1860 | 27.21% |
Net Assets in Top 10 | 396 M | -134 M | 1.25 B | 16.67% |
Weighting of Top 10 | 9.75% | 5.8% | 102.2% | 89.35% |
Top 10 Holdings
- UNITED STATES TREASURY BOND 2.875% 05/15/2052 2.35%
- PETROLEOS MEXICANOS 7.69% 01/23/2050 1.17%
- PETROLEOS MEXICANOS 6.625% 06/15/2035 1.10%
- QATAR ST 4.817% 03/14/2049 144A 0.89%
- OMAN SULTANATE 6.75% 01/17/2048 144A 0.76%
- MEXICO UNITED MEXICAN STATES 6.05% 01/11/2040 0.72%
- EMIRATE OF ABU DHABI 3.125% 09/30/2049 144A 0.71%
- ARGENTINA REPUBLIC OF STEP 07/09/2035 0.71%
- OMAN SULTANATE 6.5% 03/08/2047 144A 0.68%
- COLOMBIA REPUBLIC OF 3% 01/30/2030 0.67%
Asset Allocation
Weighting | Return Low | Return High | FGVMX % Rank | |
---|---|---|---|---|
Bonds | 96.47% | 0.00% | 105.61% | 34.35% |
Cash | 2.54% | 0.00% | 24.01% | 71.43% |
Preferred Stocks | 0.99% | 0.00% | 2.76% | 1.36% |
Convertible Bonds | 0.26% | 0.00% | 8.47% | 47.77% |
Other | 0.00% | -13.89% | 86.73% | 57.14% |
Stocks | 0.00% | -0.01% | 96.53% | 47.28% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FGVMX % Rank | |
---|---|---|---|---|
Government | 72.25% | 0.00% | 99.79% | 30.24% |
Corporate | 19.66% | 0.00% | 91.26% | 42.96% |
Cash & Equivalents | 0.62% | 0.00% | 23.23% | 67.69% |
Derivative | 0.00% | -3.00% | 13.76% | 45.58% |
Securitized | 0.00% | 0.00% | 2.41% | 31.96% |
Municipal | 0.00% | 0.00% | 0.00% | 18.56% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FGVMX % Rank | |
---|---|---|---|---|
US | 94.72% | -42.31% | 99.15% | 17.01% |
Non US | 1.74% | 0.00% | 132.49% | 75.85% |
FGVMX - Expenses
Operational Fees
FGVMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.07% | 0.02% | 32.92% | 61.43% |
Management Fee | 0.79% | 0.00% | 1.10% | 76.87% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 21.32% |
Administrative Fee | N/A | 0.02% | 0.65% | N/A |
Sales Fees
FGVMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.00% | 0.75% | 5.75% | 48.00% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
FGVMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 2.00% | N/A |
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.
FGVMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 30.00% | 0.00% | 218.00% | 10.12% |
FGVMX - Distributions
Dividend Yield Analysis
FGVMX | Category Low | Category High | FGVMX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.60% | 0.00% | 22.22% | 68.37% |
Dividend Distribution Analysis
FGVMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
FGVMX | Category Low | Category High | FGVMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.93% | -2.28% | 8.00% | 58.19% |
Capital Gain Distribution Analysis
FGVMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.038 | OrdinaryDividend |
Sep 30, 2024 | $0.028 | OrdinaryDividend |
Aug 31, 2024 | $0.044 | OrdinaryDividend |
Jul 31, 2024 | $0.053 | OrdinaryDividend |
Jun 30, 2024 | $0.050 | OrdinaryDividend |
Apr 30, 2024 | $0.050 | OrdinaryDividend |
Mar 31, 2024 | $0.052 | OrdinaryDividend |
Feb 29, 2024 | $0.047 | OrdinaryDividend |
Jan 31, 2024 | $0.050 | OrdinaryDividend |
Dec 31, 2023 | $0.049 | OrdinaryDividend |
Dec 21, 2023 | $0.031 | OrdinaryDividend |
Nov 30, 2023 | $0.048 | OrdinaryDividend |
Oct 31, 2023 | $0.054 | OrdinaryDividend |
Sep 30, 2023 | $0.048 | OrdinaryDividend |
Aug 31, 2023 | $0.049 | OrdinaryDividend |
Jul 31, 2023 | $0.048 | OrdinaryDividend |
Jun 30, 2023 | $0.046 | OrdinaryDividend |
May 31, 2023 | $0.049 | OrdinaryDividend |
Apr 30, 2023 | $0.046 | OrdinaryDividend |
Mar 31, 2023 | $0.042 | OrdinaryDividend |
Feb 28, 2023 | $0.044 | OrdinaryDividend |
Jan 31, 2023 | $0.048 | OrdinaryDividend |
Dec 31, 2022 | $0.048 | OrdinaryDividend |
Dec 22, 2022 | $0.030 | OrdinaryDividend |
Nov 30, 2022 | $0.046 | OrdinaryDividend |
Oct 31, 2022 | $0.047 | OrdinaryDividend |
Sep 30, 2022 | $0.044 | OrdinaryDividend |
Aug 31, 2022 | $0.049 | OrdinaryDividend |
Jul 31, 2022 | $0.045 | OrdinaryDividend |
Jun 30, 2022 | $0.042 | OrdinaryDividend |
May 31, 2022 | $0.043 | OrdinaryDividend |
Apr 29, 2022 | $0.040 | OrdinaryDividend |
Mar 31, 2022 | $0.042 | OrdinaryDividend |
Feb 28, 2022 | $0.038 | OrdinaryDividend |
Jan 31, 2022 | $0.041 | OrdinaryDividend |
Dec 31, 2021 | $0.041 | OrdinaryDividend |
Dec 22, 2021 | $0.022 | OrdinaryDividend |
Nov 30, 2021 | $0.039 | OrdinaryDividend |
Oct 29, 2021 | $0.039 | OrdinaryDividend |
Sep 30, 2021 | $0.038 | OrdinaryDividend |
Aug 31, 2021 | $0.040 | OrdinaryDividend |
Jul 30, 2021 | $0.039 | OrdinaryDividend |
Jun 30, 2021 | $0.039 | OrdinaryDividend |
May 28, 2021 | $0.041 | OrdinaryDividend |
Apr 30, 2021 | $0.038 | OrdinaryDividend |
Mar 31, 2021 | $0.040 | OrdinaryDividend |
Feb 26, 2021 | $0.035 | OrdinaryDividend |
Feb 12, 2021 | $0.040 | CapitalGainLongTerm |
Jan 29, 2021 | $0.045 | OrdinaryDividend |
Dec 31, 2020 | $0.045 | OrdinaryDividend |
Dec 01, 2020 | $0.011 | CapitalGainLongTerm |
Nov 30, 2020 | $0.043 | OrdinaryDividend |
Oct 30, 2020 | $0.043 | OrdinaryDividend |
Sep 30, 2020 | $0.042 | OrdinaryDividend |
Aug 31, 2020 | $0.043 | OrdinaryDividend |
Jul 31, 2020 | $0.044 | OrdinaryDividend |
Jun 30, 2020 | $0.042 | OrdinaryDividend |
May 29, 2020 | $0.052 | OrdinaryDividend |
Apr 30, 2020 | $0.051 | OrdinaryDividend |
Mar 31, 2020 | $0.048 | OrdinaryDividend |
Feb 28, 2020 | $0.050 | OrdinaryDividend |
Jan 31, 2020 | $0.053 | OrdinaryDividend |
Dec 31, 2019 | $0.055 | OrdinaryDividend |
Dec 26, 2019 | $0.015 | Extra |
Nov 29, 2019 | $0.052 | OrdinaryDividend |
Oct 31, 2019 | $0.054 | OrdinaryDividend |
Sep 30, 2019 | $0.052 | OrdinaryDividend |
Aug 30, 2019 | $0.056 | OrdinaryDividend |
Jul 31, 2019 | $0.059 | OrdinaryDividend |
Jun 28, 2019 | $0.055 | OrdinaryDividend |
Dec 27, 2018 | $0.002 | ExtraDividend |
FGVMX - Fund Manager Analysis
Managers
Timothy Gill
Start Date
Tenure
Tenure Rank
Jan 01, 2019
3.41
3.4%
Timothy Gill is a portfolio manager in the High Income and Alternatives division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Gill co-manages Fidelity and Fidelity Advisor Global High Income Funds, Fidelity and Fidelity Advisor Total Emerging Markets Funds, Fidelity and Fidelity Advisor New Markets Income Funds, Fidelity and Fidelity Advisor Strategic Income Funds, Fidelity VIP Strategic Income Portfolio, Fidelity Series Emerging Markets Debt Fund, Fidelity Emerging Markets Debt Central Fund, and various institutional portfolios for U.S. and non-U.S. investors. Prior to assuming his current portfolio management responsibilities, Mr. Gill was an assistant portfolio manager and research analyst on the emerging markets debt team, where he covered a variety of sovereign credits. Additionally, he was also a trader within the High Income division covering emerging market sovereign debt. He has been in the financial industry since joining Fidelity in 2000 in the foreign trade operations group. Mr. Gill earned his bachelor of science degree in business administration from the University of Vermont. He is also a CFA charterholder and a member of CFA Society Boston.
Nader Nazmi
Start Date
Tenure
Tenure Rank
Sep 18, 2020
1.7
1.7%
Nader Nazmi is a research analyst in the High Income and Alternatives division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Nazmi is responsible for sovereign debt research covering Brazil, Mexico, Argentina, and 18 other Latin American countries that the Emerging Markets Debt team invests in. Prior to joining Fidelity, Mr. Nazmi was managing director, sovereign analyst, and macro strategist on the Emerging Markets Debt team at Wellington Management. Additionally, he has had an extensive career in the financial industry, including positions at: BNP Paribas as director and economist for Latin America, Capital Markets group; Institute of International Finance as deputy director and senior economist, Latin America department; Bank One as director of economic research, Latin America, Banc One Capital Markets; and Central Bank of Ecuador as an international advisor in the research department. Mr. Nazmi has also held several positions in academia, including: senior fellow and visiting professor in the Center for Latin America Studies at Georgetown University; Hollender professor and chairperson of the economics department at Lake Forest College; visiting scholar at the Center for Research on Economic Development at the University of Michigan; and Fulbright Scholar at the University of Sao Paulo. He has been in the financial industry since 1998. Mr. Nazmi earned his bachelor of science degree in economics, summa cum laude, Phi Beta Kappa, from Iowa State University, and both his master's and doctorate degrees in economics from the University of Illinois. He also holds the Financial Industry Regulatory Authority (FINRA) Series 2, 7, 24, and 65 licenses. Additionally, his extensive research in economics and international finance have been published in academic journals, editorial contributions, and a book.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.15 | 23.87 | 6.5 | 6.11 |