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Fidelity New Markets Income (FNMIX) Fund Ranking and Research

Ranking, Research and Recommendation of Fidelity New Markets Income (FNMIX) Fund

    Last Trade: $16.23 on 10/22/2014, Change: +0.02 (0.12%)

 

Graph of Fidelity New Markets Income Fund (FNMIX) ManagerFund Manager - John H. Carlson

Fund Manager Information

Fund Manager Tenure: 19.4 years
Fund Family: Fidelity Investments
Fund Category: Emerging Markets Bond
Fund Performance: Sep 29, 2014
Fundmojo Fund Grade: A (Score: 0.77)     (What does this score mean?)
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.  Get more insights on John H. Carlson

 

Graph of Fidelity New Markets Income Fund (FNMIX) ProfileFidelity New Markets Income Fund (FNMIX) Profile

Fund Profile and Description

Fidelity New Markets Income Fund seeks current income; capital appreciation is a secondary objective. Fidelity New Markets Income Fund normally invests at least 80% of assets in debt securities issued by companies and governments in emerging markets. It expects to emphasize investment in Latin America, and, to a lesser extent, Asia, Africa, and emerging European nations. The debt securities held by the fund may be below investment-grade; some securities may be in default. The advisor manages the asset allocation with regard to geographic region and currency denomination. Fidelity New Markets Income Fund is non-diversified.

 

Fidelity New Markets Income (FNMIX) Fund Strength What we like about Fidelity New Markets Income (FNMIX) Fund

Data for Fidelity New Markets Income Fund (FNMIX) as of Sep 29, 2014

  • Fidelity New Markets Income Fund (FNMIX) management has been with Fidelity New Markets Income Fund for 19.4 years
  • Fidelity New Markets Income Fund (FNMIX) has good short-term performance (1-year return 8.39% vs 5.86% Emerging Markets Bond category median performance)
  • Fidelity New Markets Income Fund (FNMIX) has good mid-term performance (3-year return 8.50% vs 6.39% Emerging Markets Bond category median performance)
  • Fidelity New Markets Income Fund (FNMIX) has good Long-term performance (5-year return 8.00% vs 6.91% Emerging Markets Bond category median performance)
  • Fidelity New Markets Income Fund (FNMIX) ratio of up-years vs down years is greater than 2
  • Fidelity New Markets Income Fund (FNMIX) has a Morningstar rating of 4 and above
  • Fidelity New Markets Income Fund (FNMIX) is less volatile than its peers as it has a 3-year Standard Deviation of 7.82, lower than category average of 10.33
  • Fidelity New Markets Income Fund (FNMIX) has a lower expense ratio than its Emerging Markets Bond average: 0.84% vs 1.18%
  • Fidelity New Markets Income Fund (FNMIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Fidelity New Markets Income Fund (FNMIX) Weakness What we are cautious about Fidelity New Markets Income (FNMIX) Fund

Data for Fidelity New Markets Income Fund (FNMIX) as of Sep 29, 2014

  • Fidelity New Markets Income Fund (FNMIX) has an annual stock turnover rate of 131.00% that is higher than the Emerging Markets Bond average of 80.03%. This could mean Fidelity New Markets Income is more nimble, but also signal potential high tax impact and high trading fees
See Fidelity New Markets Income Fund (FNMIX) performance details as of Sep 29, 2014

 

What do you think?

 

Compare Fidelity New Markets Income Fund (FNMIX)Compare with other top Emerging Markets Bond category mutual funds

Aadditional top Emerging Markets Bond mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Fidelity New Markets Income7.858.398.508.00
GMO Emerging Country Debt III (GMCDX)9.8612.0013.5414.16Compare
Goldman Sachs Emerging Market Debt IR (GSIRX)8.2210.018.688.56Compare
MFS Emerging Markets Debt I (MEDIX)6.807.707.837.52Compare

See top fund managers for Emerging Markets Bond Category Funds

 

Compare Fidelity New Markets Income Fund (FNMIX)Compare with Emerging Markets Bond category ETFs

Some Emerging Markets Bond ETFs for your consideration

ETFYear to DateOne YearThree Year
PowerShares Emerging Mkts Sovereign Debt (PCY)9.07%8.92%7.82%
iShares JPMorgan USD Emerg Markets Bond (EMB)7.35%8.16%6.98%
Market Vectors Renminbi Bond ETF (CHLC)1.11%2.12%NaN
PowerShares Chinese Yuan Dim Sum Bond (DSUM)-0.20%2.02%4.48%
iShares Emerging Markets Local Cur Bond (LEMB)7.02%11.14%0

 

Graph of Fidelity New Markets Income Fund (FNMIX) Net Asset TrackingFidelity New Markets Income (FNMIX) Fund Net Asset

Track net asset change of Fidelity New Markets Income fund (FNMIX)

DateNet Asset
09/2014$4.90B
08/2014$5.06B
07/2014$5.01B
More historic net asset information on Fidelity New Markets Income Fund (FNMIX)

  

Graph of Fidelity New Markets Income Fund (FNMIX) Portfolio TrackingFidelity New Markets Income (FNMIX) Fund Portfolio Allocation

Track portfolio allocation change of Fidelity New Markets Income fund (FNMIX)

DateCashStockBondOther
08/20141.95%5.58%91.85%0%
07/20144.89%9.34%85.3%0%
06/20142.12%12.92%84.32%0%
Click here to see more historic asset allocation information on Fidelity New Markets Income Fund (FNMIX)

 

graph of Fidelity New Markets Income Fund (FNMIX) Top 10 Position TrackingTop 10 Holdings in Fidelity New Markets Income (FNMIX) Fund

Discover what Fidelity New Markets Income Fund (FNMIX) manager is buying

Aug 30, 2014
US Treasury Bond 3.375% [4.1%]
iShares MSCI Brazil Capped [2.87%]
Russian Federation 7.5% [1.78%]
Russian Fedn 12.75% [1.75%]
Brazil Federative Rep 5% [1.16%]
Philippines Rep 10.625% [1.07%]
US Treasury Bond 3.125% [1.07%]
Venezuela Rep 9.25% [1.03%]
United Mexican Sts Mtn Be 6.05% [1.02%]
Petrobras Intl Fin 6.75% [0.98%]

Jul 30, 2014
US Treasury Bond 3.375% [4.67%]
iShares China Large-Cap [2.12%]
iShares MSCI Brazil Capped [2.07%]
Russian Fedn 12.75% [1.8%]
Russian Federation 7.5% [1.48%]
iShares MSCI Emerging Markets [1.23%]
Venezuela Rep 9.25% [1.09%]
Brazil Federative Rep 5% [1.08%]
Philippines Rep 10.625% [1.05%]
Petroleos De Venezuela Sa 6% [0.99%]

Jun 29, 2014
iShares MSCI Brazil Capped [2.68%]
iShares MSCI Emerging Markets [2.48%]
US Treasury Bond 3.375% [2.05%]
Russian Fedn 12.75% [1.93%]
iShares China Large-Cap [1.8%]
Russian Fedn 5.875% [1.71%]
Russian Fedn 5.625% [1.45%]
Venezuela Rep 9.25% [1.15%]
Philippines Rep 10.625% [1.08%]
Petroleos De Venezuela Sa 6% [1.07%]
Click here for Stock Holding Change Map in Fidelity New Markets Income Fund (FNMIX)

  

Latest News on Fidelity New Markets Income (FNMIX) Fund

See what is happening with Fidelity New Markets Income Fund (FNMIX)

 

Fidelity New Markets Income Fund (FNMIX) Related ResourcesSee more information on Fidelity New Markets Income (FNMIX) Fund

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