Morningstar

Fidelity Advisor New Markets Income Fund - Class I FGZMX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 13.27  /  0.00
  • Total Assets 3.7B
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 0.790%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Emerging Markets Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 5.16%
  • Effective Duration —

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FGZMX

Will FGZMX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FGZMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FGZMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FGZMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

These managers have earned their stripes.

Principal Shannon Kirwin

Shannon Kirwin

Principal

Summary

A well-founded investment process and an expert management team help this hard-currency emerging-market bond strategy stand out.

by Shannon Kirwin
Rated on Published on

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Portfolio Holdings FGZMX

More FGZMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Cash Central Fund

6.59 254M
Cash and Equivalents

10 Year Treasury Note Future Dec 26

4.25 163M
Government

Argentina (Republic Of) 4.125%

1.25 48M
Government

United States Treasury Notes 4.125%

0.84 32M
Government

Pemex Project Funding Master Trust 6.625%

0.84 32M
Corporate

Petroleos de Venezuela SA 5.5%

0.81 31M
Government

Argentina (Republic Of) 5%

0.79 30M
Government

Ecuador (Republic Of) 6.9%

0.75 29M
Government

Argentina (Republic Of) 0.75%

0.72 28M
Government

Petroleos de Venezuela SA 5.375%

0.68 26M
Government

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