FNMIX - Fidelity New Markets Income Fund

Nasdaq - Nasdaq Delayed Price. Currency in USD

Fidelity New Markets Income Fund

Fidelity Summer Street Trust

82 Devonshire Street

Boston, MA 02109

Management Information
John Carlson,Lead Manager since June 18, 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.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryEmerging Markets Bond
Fund FamilyFidelity Investments
Net Assets8.25B
YTD Return7.23%
Morningstar Rating★★★
Inception DateMay 3, 1993

Fund Operations

Last Dividend0.06
Last Cap Gain0.00
Holdings Turnover60.00%
Average for CategoryN/A

Fees & Expenses

ExpenseFNMIXCategory Average
Annual Report Expense Ratio (net)0.84%1.08%
Prospectus Net Expense Ratio0.84%N/A
Prospectus Gross Expense Ratio0.84%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A3.81%
Max Deferred Sales LoadN/A1.18%
3 Yr Expense Projection268N/A
5 Yr Expense Projection466N/A
10 Yr Expense Projection1,037N/A