FGBMX Performance — Fidelity New Markets Income Fund, Class Z
Data updated: 2026-08-24
FGBMX returned +4.47% year to date and +13.88% over one year to Jun 2026. Annualised returns are +12.20% over 3 years and +4.20% over 5 years. The fund beat its International Intermediate Government Bond category average: $100 invested three years ago grew to $141, against $130 for the category, and to $114 over one year, against $109. Volatility over the past three years was 6.51% a year. In the 12 months to Jun 2026 the fund lost a net $1.4B, and assets reached $3.88B.
FGBMX Growth of $100
What $100 invested in Fidelity New Markets Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Intermediate Government Bond category average over the same months.
| Period | FGBMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $114 | $109 |
| 3 years (Jul 2023 – Jun 2026) | $141 | $130 |
| 5 years (Jul 2021 – Jun 2026) | $123 | $114 |
| Since data start (Jul 2019 – Jun 2026) | $130 | $121 |
FGBMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.47% |
| 1 year | +13.88% |
| 3 years (annualised) | +12.20% |
| 5 years (annualised) | +4.20% |
FGBMX Annual Returns
Calendar-year total returns of Fidelity New Markets Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +4.47% |
| 2025 | +14.91% |
| 2024 | +6.85% |
| 2023 | +14.06% |
| 2022 | −14.97% |
| 2021 | −1.77% |
| 2020 | +4.63% |
| 2019 (Jul–Dec) | +1.77% |
FGBMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.5% | +1.4% | −3.1% | +3.1% | +0.8% | +0.8% | — | — | — | — | — | — |
| 2025 | +2.2% | +1.8% | −1.2% | −1.3% | +1.2% | +2.6% | +1.5% | +1.7% | +1.8% | +2.5% | +0.5% | +0.8% |
| 2024 | −1.2% | +1.3% | +2.3% | −1.2% | +1.7% | +0.6% | +1.8% | +1.3% | +1.8% | −1.6% | +1.1% | −1.2% |
| 2023 | +3.7% | −2.5% | +0.5% | +0.1% | −1.1% | +3.1% | +2.3% | −1.2% | −2.9% | +1.2% | +5.7% | +4.8% |
| 2022 | −2.2% | −6.1% | +0.7% | −4.7% | −0.3% | −6.7% | +2.4% | −0.8% | −6.4% | +0.5% | +8.2% | +0.3% |
| 2021 | −1.1% | −1.6% | −1.4% | +2.0% | +1.1% | +0.6% | +0.4% | +0.9% | −1.5% | −0.2% | −2.0% | +1.1% |
| 2020 | +1.5% | −1.2% | −14.4% | +2.0% | +7.1% | +2.6% | +2.7% | +1.3% | −1.9% | −0.5% | +4.8% | +2.4% |
| 2019 | — | — | — | — | — | — | +1.1% | −2.7% | +0.2% | +0.5% | +0.2% | +2.5% |
FGBMX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 6.51%
- 3-year Sharpe ratio: 1.18 (vs 4.5% risk-free rate)
- Best month: +5.66% (Nov 2023)
- Worst month: −3.08% (Mar 2026)
FGBMX Fund Flows
Monthly money in and out of Fidelity New Markets Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.4B
- 12-month gross sales (incl. reinvestments): $1.4B
- Sales ÷ redemptions: 0.49×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $76.4M | $68.0M | $8.4M |
| May 2026 | $60.9M | $56.6M | $4.3M |
| Apr 2026 | $100.6M | $82.1M | $18.5M |
| Mar 2026 | $100.0M | $2.1B | −$2.0B |
| Feb 2026 | $182.2M | $50.5M | $131.7M |
| Jan 2026 | $191.1M | $53.7M | $137.3M |
| Dec 2025 | $166.7M | $52.4M | $114.4M |
| Nov 2025 | $68.1M | $49.1M | $19.0M |
| Oct 2025 | $84.4M | $58.7M | $25.7M |
| Sep 2025 | $72.0M | $57.2M | $14.9M |
| Aug 2025 | $90.3M | $49.6M | $40.7M |
| Jul 2025 | $174.4M | $109.1M | $65.3M |
FGBMX Assets Under Management
Net assets of Fidelity New Markets Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $3.88B |
| 2026-03-31 | $3.72B |
| 2025-12-31 | $5.53B |
| 2025-09-30 | $5.25B |
| 2025-06-30 | $4.94B |
| 2025-03-31 | $4.59B |
| 2024-12-31 | $4.60B |
| 2024-09-30 | $4.77B |
| 2024-06-30 | $4.06B |
| 2024-03-31 | $4.16B |
| 2023-12-31 | $4.19B |
| 2023-09-30 | $3.82B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.