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Fidelity® New Markets Income FNMIX

Analyst rating as of
  • NAV / 1-Day Return 11.94  /  0.10 %
  • Total Assets 4.2 Bil
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 0.800%
  • 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 5.15%
  • Effective Duration

Morningstar’s Analysis FNMIX

Will FNMIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A revamped approach appears positive, but team churn limits our confidence.

Senior Analyst

Summary

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Fidelity New Markets Income's process enhancements appear positive, but continued team departures on an already compact team limit our conviction. The strategy earns Morningstar Analyst Ratings of Neutral across all share classes.

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