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Fidelity New Markets Income (FNMIX)

16.86 Down 0.05(0.30%) Jul 29

Profile as of Jun 29, 2014Get Profile for:
Fidelity New Markets Income
Fidelity Summer Street Trust82 Devonshire StreetBoston, MA 02109
Phone: 800-544-8544
Fund Overview 
Category:Emerging Markets Bond
Fund Family:Fidelity Investments
Net Assets:4.92B
Year-to-Date Return:10.41%
Morningstar Rating:4 stars
Fund Inception Date:May 4, 1993
Morningstar Style Box 
Emerging Markets Bond
[View Category Definition]
View Top Emerging Markets Bond Funds
About the Morningstar Style Box
Management Information 
John H. Carlson
Lead Manager since Jun 19, 1995
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.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:500
Min Initial Investment, AIP:200
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
FNMIX can be purchased from 90 brokerages.

Fund Summary 
The investment seeks high current income; capital appreciation is a secondary objective. The fund normally invests at least 80% of assets in securities of issuers in emerging markets (countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets with similar emerging characteristics) and other investments that are tied economically to emerging markets. It normally invests in debt securities of issuers in emerging markets. The fund potentially invests in other types of securities. It is non-diversified.

Fund Operations 
Last Dividend (Jun 29, 2014) : 0.06
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 27, 2014) : 131.00%
Average for Category:87.98%
Fees & Expenses 
ExpenseFNMIXCategory Avg
Annual Report Expense Ratio (net):0.84%1.21%
Prospectus Net Expense Ratio:0.86%N/A
Prospectus Gross Expense Ratio:0.86%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A4.14%
Max Deferred Sales Load: N/A1.57%
3 Yr Expense Projection*:274630
5 Yr Expense Projection*:4771,050
10 Yr Expense Projection*:1,0612,147
* Per $10,000 invested