Fidelity Advisor New Markets Income Fund
FNMIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- May 4, 1993
- CIK
- 0000225322
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor New Markets Income Fund (FNMIX) is an open-end mutual fund managed by Fidelity Investments that seeks high current income, with a secondary objective of capital appreciation, by normally investing at least 80% of assets in securities of issuers in emerging markets and other investments tied economically to such markets, including sovereign debt, corporate bonds, and quasi-sovereign obligations from countries classified as emerging by MSCI or the World Bank. The fund's portfolio features fixed-income securities predominantly denominated in U.S. dollars, with allocations across non-U.S. bonds (approximately 90%), cash equivalents, and limited U.S. bonds; key holdings typically include emerging market sovereign bonds such as those from Argentina, Peru, and Mexico, alongside exposures to corporate debt and exchange-traded funds like iShares J.P. Morgan USD Emerging Markets Bond ETF. It targets income-oriented investors seeking diversification through emerging markets bond exposure, with a non-diversified strategy emphasizing high-yield debt from low- to middle-income economies across regions including Latin America, Asia, Africa, and Eastern Europe. Launched on May 4, 1993, and headquartered in Boston, Massachusetts, as part of Fidelity Summer Street Trust, the fund maintains net assets exceeding $5 billion and distributes income monthly, with a recent 12-month yield around 4.6% and an expense ratio of approximately 0.76%. Fidelity Investments serves as the investment manager, with Timothy Gill leading since January 2019 and Nader Nazmi co-managing since September 2020, overseeing a portfolio of roughly 455 holdings characterized by moderate turnover and a focus on credit quality diversification across investment-grade and high-yield emerging market issuers. In recent developments, the fund has sustained its core emerging markets debt strategy amid 2024 market volatility, delivering year-to-date returns of approximately 6% as of late 2025, supported by resilient allocations to sovereign and corporate bonds despite quarterly emerging markets bond index declines of nearly 2% in Q4 2024. No major mergers, acquisitions, or structural reorganizations have been announced for FNMIX in the last 1-2 years, though Fidelity has pursued portfolio optimizations and manager continuity to navigate interest rate shifts and geopolitical risks in emerging economies. The fund continues to emphasize U.S. dollar-denominated securities for reduced currency risk, with ongoing monthly dividend payments, including $0.055 per share ex-dividend July 31, 2025.