FNMIX: Fidelity® New Markets Income

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FNMIX Fidelity® New Markets Income


Profile

FNMIX - Profile

Vitals

  • YTD Return -13.9%
  • 3 Yr Annualized Return -7.0%
  • 5 Yr Annualized Return -3.6%
  • Net Assets $6.91 B
  • Holdings in Top 10 20.7%

52 WEEK LOW AND HIGH

$12.98
$12.15
$15.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

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

BROKERAGE FEES

  • Turnover 79.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return -13.9%
  • 3 Yr Annualized Total Return -6.9%
  • 5 Yr Annualized Total Return -3.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 5.32%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Advisor® 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
    Jonathan Kelly

Fund Description

The fund normally invests at least 80% of assets in securities of issuers in emerging markets (countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets with similar emerging characteristics) and other investments that are tied economically to emerging markets. It is non-diversified.


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Fund Company Quick Screens

Performance

FNMIX - Performance

Return Ranking - Trailing

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.9% -19.9% 6.4% 76.84%
1 Yr -14.0% -21.4% 7.3% 93.33%
3 Yr -7.0%* -10.0% 4.5% 95.77%
5 Yr -3.6%* -9.1% 0.9% 64.00%
10 Yr -1.8%* -6.2% -0.2% 69.23%

* Annualized

Return Ranking - Calendar

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% -6.5% 9.4% 51.69%
2018 -12.0% -18.5% 3.1% 75.32%
2017 4.0% 0.1% 10.8% 66.18%
2016 7.4% -12.3% 8.7% 3.57%
2015 -4.8% -21.1% 6.0% 30.00%

Total Return Ranking - Trailing

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.9% -19.9% 6.4% 76.84%
1 Yr -14.0% -21.4% 7.3% 93.33%
3 Yr -6.9%* -8.4% 4.5% 91.55%
5 Yr -3.3%* -8.8% 1.5% 66.00%
10 Yr -0.9%* -6.0% 2.8% 61.54%

* Annualized

Total Return Ranking - Calendar

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% -6.5% 9.4% 51.69%
2018 -12.0% -18.5% 3.1% 76.62%
2017 4.5% 0.1% 12.6% 63.24%
2016 8.4% -12.3% 8.9% 5.36%
2015 -4.8% -21.1% 10.2% 48.00%

NAV & Total Return History


Holdings

FNMIX - Holdings

Concentration Analysis

FNMIX Category Low Category High FNMIX % Rank
Net Assets 6.91 B 6.11 M 136 B 5.26%
Number of Holdings 278 5 5741 33.68%
Net Assets in Top 10 1.71 B 2.4 M 10.1 B 12.63%
Weighting of Top 10 20.67% 6.8% 99.8% 65.00%

Top 10 Holdings

  1. United States Treasury Notes 2.38% 5.27%
  2. Petroleos Mexicanos 7.69% 2.22%
  3. Ukraine (Republic of) 7.75% 1.98%
  4. Argentina (Republic of) 6.88% 1.76%
  5. Pemex Project Funding Master Trust 6.62% 1.75%
  6. Ukraine (Republic of) 7.75% 1.66%
  7. Mexico (United Mexican States) 6.05% 1.65%
  8. Egypt (Arab Republic of) 7.5% 1.52%
  9. Russian Federation 5.25% 1.50%
  10. Turkey (Republic of) 6.25% 1.37%

Asset Allocation

Weighting Return Low Return High FNMIX % Rank
Bonds
88.96% 82.25% 2295.11% 78.95%
Cash
10.37% -2222.58% 17.68% 14.74%
Stocks
0.57% 0.00% 74.54% 21.05%
Convertible Bonds
0.11% 0.00% 40.51% 50.53%
Preferred Stocks
0.00% 0.00% 0.08% 6.32%
Other
0.00% -20.89% 20.17% 34.74%

Bond Sector Breakdown

Weighting Return Low Return High FNMIX % Rank
Government
75.09% 8.00% 79.20% 21.05%
Corporate
14.48% 0.00% 89.19% 50.53%
Cash & Equivalents
10.43% 0.54% 30.93% 20.00%
Derivative
0.00% 0.00% 69.18% 67.37%
Securitized
0.00% 0.00% 6.05% 30.53%
Municipal
0.00% 0.00% 0.22% 9.47%

Bond Geographic Breakdown

Weighting Return Low Return High FNMIX % Rank
Non US
82.83% 0.00% 2189.47% 61.05%
US
6.13% 0.00% 717.21% 49.47%

Expenses

FNMIX - Expenses

Operational Fees

FNMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 43.49% 76.92%
Management Fee 0.65% 0.00% 1.64% 48.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.45% N/A

Sales Fees

FNMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FNMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.50% 2.00% 94.12%

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 Return Low Category Return High Rank in Category (%)
Turnover 79.00% 0.00% 129.00% 66.25%

Distributions

FNMIX - Distributions

Dividend Yield Analysis

FNMIX Category Low Category High FNMIX % Rank
Dividend Yield 0.00% 0.00% 1.37% 14.74%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FNMIX Category Low Category High FNMIX % Rank
Net Income Ratio 5.32% -0.78% 6.35% 19.78%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FNMIX - Fund Manager Analysis

Managers

Jonathan Kelly


Start Date

Tenure

Tenure Rank

Oct 01, 2018

1.5

1.5%

Jonathan Kelly is a portfolio manager at FMR Co. In this role, Mr. Kelly manages Fidelity Series Emerging Markets Debt Fund and co-manages multiple advisor and institutional funds. Prior to assuming his current role, Mr. Kelly was a lead manager for Fidelity’s global fixed income funds. Before joining Fidelity in 1991, Mr. Kelly was an associate with Goldman Sachs Asset Management where he served as an assistant to Fischer Black. Mr. Kelly earned his BA degree in engineering from Dartmouth College and his MBA degree from The Wharton School of Business at the University of Pennsylvania.

Timothy Gill


Start Date

Tenure

Tenure Rank

Jan 01, 2019

1.25

1.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 26.31 5.87 26.31