Fidelity Advisor New Markets Income Fund

Frequently Asked Questions About FNMIX

What does FNMIX invest in?

The fund's primary strategy involves dedicating a minimum of 80% of its total assets to securities issued by entities in emerging market economies. These are specifically defined as countries possessing emerging stock markets (per MSCI's classification), nations categorized by the World Bank as having low- to middle-income economies, or other markets exhibiting similar developing characteristics. Furthermore, its investments extend to other holdings that share an economic connection with these global emerging markets. Notably, this fund is structured as a non-diversified portfolio.

What is the expense ratio of FNMIX?

Fidelity Advisor New Markets Income Fund (FNMIX) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

What is FNMIX's dividend yield?

FNMIX's trailing-twelve-month yield is 4.70%, calculated from the sum of dividends over the past year divided by the current price.

How big is FNMIX?

Fidelity Advisor New Markets Income Fund (FNMIX) manages $5.82B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FNMIX actively managed or an index fund?

FNMIX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FNMIX's is 0.75%) because there's no security selection cost.

When was FNMIX launched?

Fidelity Advisor New Markets Income Fund (FNMIX) launched in May 1993 and is managed by Fidelity.