FNMIX: Fidelity Advisor® New Markets Income Fund - MutualFunds.com

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Fidelity® New Markets Income

FNMIX - Snapshot

Vitals

  • YTD Return -5.2%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return 5.1%
  • Net Assets $7.1 B
  • Holdings in Top 10 28.4%

52 WEEK LOW AND HIGH

$14.30
$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


Compare FNMIX to Popular Emerging Markets Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$110.97

+0.47%

$16.08 B

4.68%

$5.17

-3.48%

0.39%

$14.29

-0.07%

$7.10 B

5.06%

$0.72

-5.18%

0.82%

$8.02

-0.13%

$6.63 B

5.17%

$0.41

-5.09%

0.84%

$14.68

-0.07%

$6.57 B

4.64%

$0.68

-1.21%

0.83%

$10.89

-0.09%

$5.04 B

5.58%

$0.61

-6.36%

0.90%

FNMIX - Profile

Distributions

  • YTD Total Return -5.2%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 5.1%
  • 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
    Timothy Gill

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.


FNMIX - Performance

Return Ranking - Trailing

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.2% -27.9% 6.1% 60.85%
1 Yr 1.3% -12.5% 14.3% 43.14%
3 Yr 0.3%* -8.2% 8.9% 73.37%
5 Yr 5.1%* -2.9% 7.9% 46.86%
10 Yr 4.7%* -2.3% 7.1% 15.32%

* Annualized

Return Ranking - Calendar

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% -9.9% 13.5% 84.73%
2018 -12.0% -31.2% 73.9% 75.23%
2017 4.0% -9.1% 14.2% 77.60%
2016 7.4% -9.2% 219.0% 27.78%
2015 -4.8% -29.9% 0.9% 20.66%

Total Return Ranking - Trailing

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.2% -27.9% 6.1% 61.13%
1 Yr 1.3% -13.7% 14.3% 35.57%
3 Yr 0.3%* -8.2% 8.9% 69.23%
5 Yr 5.1%* -2.9% 7.9% 41.91%
10 Yr 4.7%* -2.3% 6.8% 15.32%

* Annualized

Total Return Ranking - Calendar

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% -9.9% 13.6% 85.01%
2018 -12.0% -31.2% 0.0% 85.93%
2017 4.5% 0.0% 17.0% 81.82%
2016 8.4% -9.2% 242.1% 31.48%
2015 -4.8% -29.9% 7.1% 38.43%

NAV & Total Return History


FNMIX - Holdings

Concentration Analysis

FNMIX Category Low Category High FNMIX % Rank
Net Assets 7.1 B 539 K 16.1 B 0.55%
Number of Holdings 286 3 1334 32.96%
Net Assets in Top 10 2.05 B -100 M 2.05 B 0.28%
Weighting of Top 10 28.39% 1.0% 100.0% 32.03%

Top 10 Holdings

  1. Fidelity Revere Str Tr 7.62%
  2. United States Treasury Notes 0.38% 4.97%
  3. Petroleos Mexicanos 7.69% 2.46%
  4. Ukraine (Republic of) 7.75% 2.22%
  5. Ukraine (Republic of) 7.75% 2.20%
  6. Argentina (Republic of) 6.88% 2.03%
  7. Eskom Holdings SOC Limited 5.75% 1.97%
  8. Pemex Project Funding Master Trust 6.62% 1.76%
  9. 1MDB Global Investments Ltd. 4.4% 1.72%
  10. Turkey (Republic of) 3.25% 1.45%

Asset Allocation

Weighting Return Low Return High FNMIX % Rank
Bonds
88.79% 0.00% 217.91% 83.93%
Cash
10.63% -116.30% 103.65% 9.97%
Stocks
0.49% -0.01% 6.23% 3.32%
Convertible Bonds
0.10% 0.00% 14.72% 48.48%
Preferred Stocks
0.00% 0.00% 0.00% 14.13%
Other
0.00% -7.79% 2.12% 22.16%

Bond Sector Breakdown

Weighting Return Low Return High FNMIX % Rank
Government
72.17% 0.00% 99.67% 33.52%
Corporate
17.15% 0.00% 97.77% 56.23%
Cash & Equivalents
10.68% 0.00% 100.00% 15.51%
Derivative
0.00% 0.00% 57.62% 56.79%
Securitized
0.00% 0.00% 2.66% 18.56%
Municipal
0.00% 0.00% 0.00% 14.13%

Bond Geographic Breakdown

Weighting Return Low Return High FNMIX % Rank
Non US
82.84% 0.00% 205.53% 89.47%
US
5.95% -112.14% 217.91% 7.20%

FNMIX - Expenses

Operational Fees

FNMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 33.09% 81.09%
Management Fee 0.65% 0.00% 1.50% 30.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.65% N/A

Sales Fees

FNMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% 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% 312.50% 59.94%

FNMIX - Distributions

Dividend Yield Analysis

FNMIX Category Low Category High FNMIX % Rank
Dividend Yield 0.00% 0.00% 13.81% 18.68%

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% -0.61% 9.08% 39.15%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FNMIX - Fund Manager Analysis

Managers

Timothy Gill


Start Date

Tenure

Tenure Rank

Jan 01, 2019

1.75

1.8%

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

0.03

0.0%

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
0.03 25.77 5.42 6.18