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    Fidelity New Markets Income (FNMIX)

    14.25 Up 0.03(0.21%) Feb 5

    Profile as of Jan 30, 2016Get Profile for:
    Fidelity New Markets Income
    Fidelity Summer Street Trust82 Devonshire StreetBoston, MA 02109
    Map
    Phone: 800-544-8544
    Fund Overview 
    Category:Emerging Markets Bond
    Fund Family:Fidelity Investments
    Net Assets:3.86B
    Year-to-Date Return:-1.27%
    Yield:5.55%
    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:2,500
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    FNMIX can be purchased from 93 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 is non-diversified.

    Fund Operations 
    Last Dividend (Jan 28, 2016) : 0.07
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Feb 3, 2016) : 146.00%
    Average for Category:80.80%
    Fees & Expenses 
    ExpenseFNMIXCategory Avg
    Annual Report Expense Ratio (net):0.84%1.16%
    Prospectus Net Expense Ratio:0.90%N/A
    Prospectus Gross Expense Ratio:0.90%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A4.00%
    Max Deferred Sales Load: N/A1.53%
    3 Yr Expense Projection*:287625
    5 Yr Expense Projection*:4981,043
    10 Yr Expense Projection*:1,1082,186
    * Per $10,000 invested