We have qualitatively reviewed this strategy and reaffirmed its Average Process and People ratings. Since formally taking over in late 2020, management has navigated a variety of market environments well. But there have been some team changes, and it will take time for new faces to acclimate here.
Fidelity New Markets Income FNMIX
- NAV / 1-Day Return 12.97 / +0.08 %
- Total Assets 4.7 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.790%
- Distribution Fee Level Below Average
- Share Class Type No Load
- Category Emerging Markets Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 0
- Status Open
- TTM Yield 5.19%
- Effective Duration —
USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:09 PM GMT+0
Morningstar’s Analysis FNMIX
Will FNMIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 11.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Ice Cdx Cxpem541 06/20/29 | 4.86 | 221.6 Mil | Derivative |
United States Treasury Bonds 2.875% | 2.33 | 106.1 Mil | Government |
iShares JP Morgan USD Em Mkts Bd ETF | 1.93 | 88.2 Mil | — |
Fidelity Cash Central Fund | 1.39 | 63.5 Mil | Cash and Equivalents |
Petroleos Mexicanos 7.69% | 1.26 | 57.4 Mil | Corporate |
Pemex Project Funding Master Trust 6.625% | 1.18 | 53.9 Mil | Corporate |
Qatar (State of) 4.817% | 1.03 | 47.1 Mil | Government |
Oman (Sultanate Of) 6.75% | 0.83 | 37.9 Mil | Government |
Mexico (United Mexican States) 6.05% | 0.76 | 34.7 Mil | Government |
Abu Dhabi (Emirate of) 3.125% | 0.73 | 33.5 Mil | Government |