Fidelity New Markets Income (FNMIX) Fund Ranking and Research

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

Last Trade: $17.17 on 5/23/2013, Change: -0.11 (-0.64%)

 

Fund Manager - John Carlson

Fund Manager Information

Fund Manager Tenure: 17.9 years
Fund Family: Fidelity Investments
Fund Category: Emerging Markets Bond
Fund Performance: Feb 27, 2013
Fundmojo Fund Grade: A (Score: 0.7)     (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 Carlson

 

Fidelity 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.

 

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

Data for Fidelity New Markets Income Fund (FNMIX) as of Feb 27, 2013

• Fidelity New Markets Income Fund (FNMIX) management has been with Fidelity New Markets Income Fund for 17.9 years
• Fidelity New Markets Income Fund (FNMIX) has good short-term performance (1-year return 12.19% vs 11.33% Emerging Markets Bond category median performance)
• Fidelity New Markets Income Fund (FNMIX) has good mid-term performance (3-year return 12.04% vs 10.85% Emerging Markets Bond category median performance)
• Fidelity New Markets Income Fund (FNMIX) has good Long-term performance (5-year return 10.93% vs 9.10% 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 6.89, lower than category average of 8.87
• Fidelity New Markets Income Fund (FNMIX) has a lower expense ratio than its Emerging Markets Bond average: 0.84% vs 1.25%
• Fidelity New Markets Income Fund (FNMIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

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

Data for Fidelity New Markets Income Fund (FNMIX) as of Feb 27, 2013

• Fidelity New Markets Income Fund (FNMIX) is less safe compared to its Emerging Markets Bond peers
• Fidelity New Markets Income Fund (FNMIX) has an annual stock turnover rate of 88.00% that is higher than the Emerging Markets Bond average of 70.21%. 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 Feb 27, 2013

 

Compare with other top Emerging Markets Bond category mutual funds

Aadditional top Emerging Markets Bond mutual funds for your consideration

Fund	Year to Date	1 Year	3 year	5 year
Fidelity New Markets Income	-0.85	12.19	12.04	10.93
GMO Emerging Country Debt III (GMCDX)	0.19	17.04	18.60	11.84	Compare
Columbia Emerging Markets Bond Z (CMBZX)	-0.07	12.61	13.29	10.83	Compare
MainStay Global High Income A (MGHAX)	0.30	13.60	11.77	9.97	Compare

See top fund managers for Emerging Markets Bond Category Funds

 

Compare with Emerging Markets Bond category ETFs

Some Emerging Markets Bond ETFs for your consideration

ETF	Year to Date	One Year	Three Year
iShares JPMorgan USD Emerg Markets Bond (EMB)	-2.59%	9.88%	10.47%
Market Vectors LatAm Aggregate Bond ETF (BONO)	-0.94%	6.50%	0
Market Vectors EM Local Curr Bond ETF (EMLC)	-0.04%	6.38%	0
iShares Emerging Markets Local Cur Bond (LEMB)	-0.36%	5.87%	0
PowerShares Chinese Yuan Dim Sum Bond (DSUM)	1.44%	5.24%	0

 

Fidelity New Markets Income (FNMIX) Fund Net Asset

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

Date	Net Asset
02/2013	$7.39B
01/2013	$7.53B
12/2012	$7.24B

More historic net asset information on Fidelity New Markets Income Fund (FNMIX)

  

Fidelity New Markets Income (FNMIX) Fund Portfolio Allocation

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

Date	Cash	Stock	Bond	Other
01/2013	8.17%	4.8%	86.93%	0.02%
12/2012	8.59%	3.55%	87.87%	0%
11/2012	10.97%	2.71%	86.31%	0%

Click here to see more historic asset allocation information on Fidelity New Markets Income Fund (FNMIX)

 

Top 10 Holdings in Fidelity New Markets Income (FNMIX) Fund

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

Jan 30, 2013 iShares FTSE China 25 Index Fund [3.04%] Petroleos De Venezuela Sa 144A 8.5% [1.8%] Russian Fedn 12.75% [1.65%] Russian Federation 7.5% [1.64%] Petroleos De Venezuela Sa 4.9% [1.12%] Bolivarian Republic Venezuela 11.95% [1.09%] Republic Of Turkey 11.875% [1.06%] Slovenia Rep 5.5% [1.06%] Iraq (Republic Of) 5.8% [0.99%] Hutchison Whampoa Intl 144A 6% [0.9%]

Dec 30, 2012 iShares FTSE China 25 Index Fund [3.04%] Petroleos De Venezuela Sa 144A 8.5% [1.85%] Russian Fedn 12.75% [1.76%] Russian Federation 7.5% [1.73%] Petroleos De Venezuela Sa 4.9% [1.15%] Hungary Rep 4.75% [1.15%] Republic Of Turkey 11.875% [1.13%] Slovenia Rep 5.5% [1.11%] Bolivarian Republic Venezuela 11.95% [1.08%] Brazil Federative Rep 12.25% [0.93%]

Nov 29, 2012 iShares FTSE China 25 Index Fund [2.71%] Petroleos De Venezuela Sa 144A 8.5% [1.81%] Russian Federation 7.5% [1.75%] Russian Fedn 12.75% [1.65%] Hungary Rep 4.75% [1.17%] Republic Of Turkey 11.875% [1.17%] US Treasury Bond 2.75% [1.08%] Petroleos De Venezuela Sa 9% [1.04%] Petroleos De Venezuela Sa 4.9% [1.02%] Petroleos De Venezuela Sa 5.5% [0.99%]

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)

Top 5 Zacks #1 Ranked International Bond Funds Venezuelan Bonds Do the Collapse Choose Your Own Emerging-Markets Bond Adventure Is Venezuela's New Currency Regime Just Another Devaluation?

 

See more information on Fidelity New Markets Income (FNMIX) Fund

Popular pages on Fidelity New Markets Income (FNMIX) Fund

• Fidelity New Markets Income (FNMIX) Fund Research and Recommendation
• Fidelity New Markets Income (FNMIX) Fund Performance Data
• Fidelity New Markets Income (FNMIX) Fund Manager Information
• Historic Fidelity New Markets Income (FNMIX) Fund Asset Allocation Report
• Historic Fidelity New Markets Income (FNMIX) Fund Top 10 Holding Tracking
• Historic Fidelity New Markets Income (FNMIX) Fund Asset Under Management Tracking