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Trending ETFs

Name

As of 12/07/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.08

$3.82 B

5.09%

$0.62

0.82%

Vitals

YTD Return

10.6%

1 yr return

9.0%

3 Yr Avg Return

-2.1%

5 Yr Avg Return

1.4%

Net Assets

$3.82 B

Holdings in Top 10

10.9%

52 WEEK LOW AND HIGH

$12.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/07/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.08

$3.82 B

5.09%

$0.62

0.82%

FNMIX - Profile

Distributions

  • YTD Total Return 10.6%
  • 3 Yr Annualized Total Return -2.1%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 4.26%
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity New Markets Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jun 17, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Timothy Gill

Fund Description

Investing up to 20% of the fund's net assets in securities that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - to adjust the fund's risk exposure - as well as forward foreign currency exchange contracts for both hedging and non-hedging purposes.
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FNMIX - Performance

Return Ranking - Trailing

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% -3.2% 13.8% 9.43%
1 Yr 9.0% -3.5% 14.3% 36.91%
3 Yr -2.1%* -15.5% 2.3% 18.67%
5 Yr 1.4%* -13.3% 5.6% 50.88%
10 Yr 2.7%* -6.7% 4.3% 13.25%

* Annualized

Return Ranking - Calendar

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
2022 -19.2% -35.2% -2.4% 58.63%
2021 -5.7% -24.0% 2.7% 23.00%
2020 0.2% -17.3% 11.1% 61.17%
2019 5.6% -6.4% 13.0% 83.16%
2018 -12.0% -29.0% -1.4% 74.91%

Total Return Ranking - Trailing

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% -3.2% 13.8% 9.43%
1 Yr 9.0% -3.5% 14.3% 36.91%
3 Yr -2.1%* -15.5% 2.3% 18.67%
5 Yr 1.4%* -13.3% 5.6% 50.88%
10 Yr 2.7%* -6.7% 4.3% 13.25%

* Annualized

Total Return Ranking - Calendar

Period FNMIX Return Category Return Low Category Return High Rank in Category (%)
2022 -14.8% -35.2% -1.7% 61.24%
2021 -1.5% -18.5% 7.4% 26.33%
2020 5.0% -17.3% 18.0% 63.23%
2019 11.4% -3.0% 23.0% 77.54%
2018 -8.2% -18.4% 1.9% 83.15%

NAV & Total Return History


FNMIX - Holdings

Concentration Analysis

FNMIX Category Low Category High FNMIX % Rank
Net Assets 3.82 B 331 K 13.6 B 4.39%
Number of Holdings 414 2 1891 29.15%
Net Assets in Top 10 417 M -134 M 1.25 B 10.03%
Weighting of Top 10 10.90% 5.6% 101.7% 94.94%

Top 10 Holdings

  1. UNITED STATES TREASURY BOND 2.875% 05/15/2052 2.41%
  2. Fidelity Cash Central Fund 1.33%
  3. PETROLEOS MEXICANOS 6.625% 06/15/2035 1.14%
  4. PETROLEOS MEXICANOS 7.69% 01/23/2050 1.10%
  5. COLOMBIA REPUBLIC OF 3% 01/30/2030 0.91%
  6. QATAR ST 4.817% 03/14/2049 144A 0.88%
  7. SOUTHERN GAS CORRIDOR CJSC 6.875% 03/24/2026 144A 0.82%
  8. SAUDI ARABIAN OIL COMPANY 3.5% 04/16/2029 144A 0.81%
  9. OIL AND GAS HOLDING CO BSCC/THE 7.5% 10/25/2027 144A 0.77%
  10. MEXICO UNITED MEXICAN STATES 6.05% 01/11/2040 0.73%

Asset Allocation

Weighting Return Low Return High FNMIX % Rank
Bonds
95.78% 0.00% 116.66% 31.35%
Cash
2.89% -16.66% 22.42% 64.89%
Preferred Stocks
1.38% 0.00% 1.61% 1.57%
Convertible Bonds
0.26% 0.00% 8.47% 47.78%
Stocks
0.00% -0.01% 97.64% 35.11%
Other
-0.05% -16.42% 80.06% 68.03%

Stock Sector Breakdown

Weighting Return Low Return High FNMIX % Rank
Utilities
0.00% 0.00% 11.41% 12.37%
Technology
0.00% 0.00% 30.64% 8.25%
Real Estate
0.00% 0.00% 20.60% 9.28%
Industrials
0.00% 0.00% 100.00% 18.56%
Healthcare
0.00% 0.00% 12.25% 13.40%
Financial Services
0.00% 0.00% 100.00% 12.37%
Energy
0.00% 0.00% 100.00% 46.39%
Communication Services
0.00% 0.00% 8.92% 19.59%
Consumer Defense
0.00% 0.00% 24.66% 44.33%
Consumer Cyclical
0.00% 0.00% 100.00% 13.40%
Basic Materials
0.00% 0.00% 100.00% 43.30%

Stock Geographic Breakdown

Weighting Return Low Return High FNMIX % Rank
US
0.00% 0.00% 97.64% 28.21%
Non US
0.00% -0.01% 0.97% 25.71%

Bond Sector Breakdown

Weighting Return Low Return High FNMIX % Rank
Government
72.25% 0.00% 99.79% 31.96%
Corporate
19.66% 0.00% 93.26% 43.99%
Cash & Equivalents
1.33% 0.00% 23.23% 58.31%
Securitized
0.00% 0.00% 2.41% 26.58%
Municipal
0.00% 0.00% 0.00% 15.82%
Derivative
-0.05% -6.36% 15.28% 64.58%

Bond Geographic Breakdown

Weighting Return Low Return High FNMIX % Rank
US
94.87% -42.31% 104.60% 16.61%
Non US
0.91% 0.00% 132.49% 84.64%

FNMIX - Expenses

Operational Fees

FNMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.18% 35.56% 77.60%
Management Fee 0.65% 0.00% 1.10% 32.29%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

FNMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 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 0.75% 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 30.00% 0.00% 218.00% 11.19%

FNMIX - Distributions

Dividend Yield Analysis

FNMIX Category Low Category High FNMIX % Rank
Dividend Yield 5.09% 0.00% 23.56% 37.30%

Dividend Distribution Analysis

FNMIX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

FNMIX Category Low Category High FNMIX % Rank
Net Income Ratio 4.26% -2.28% 8.64% 40.51%

Capital Gain Distribution Analysis

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

Distributions History

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FNMIX - Fund Manager Analysis

Managers

Timothy Gill


Start Date

Tenure

Tenure Rank

Jan 01, 2019

3.41

3.4%

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

1.7

1.7%

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
0.08 23.87 6.33 6.11