Fidelity New Markets Income (FNMIX - MF report) a Zacks Ranked #2 (Buy) was incepted in May 1993. FNMIX normally invests at least 80% of its total assets in debt securities of issuers in emerging markets and other investments that are tied economically to emerging markets. FNMIX potentially invests in equity securities of emerging market issuers, debt securities of non-emerging market foreign issuers, and lower quality debt securities of U.S. issuers. The main objective of FNMIX is to seek a high level of current income with a secondary objective of capital appreciation.

The Fidelity New Markets Income, managed by Fidelity, carries an expense ratio of 0.84. Moreover, FNMIX requires a minimal initial investment of $2,500.

FNMIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 3.70%, 3 year 4.47%, and 5 year 6.87%. To see how this fund performed compared in its category, please click here.

FNMIX’s performance, as of the last filing, when compared to funds in its category was in the top 15% in 1 year, top 9% over the past 3 years, and in the 1% over the past 5 years.