FGVMX — Fidelity New Markets Income Fund
Data updated: 2026-08-24
FGVMX — Fidelity New Markets Income Fund. Long Treasury / Sovereign Bond · $3.88B AUM · 1.04% expense ratio. Holdings, fees, performance and SEC filings.
FGVMX Fund Overview
FGVMX — Fidelity New Markets Income Fund is a US mutual fund managed by Fidelity Summer Street Trust, categorised as Long Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fidelity Summer Street Trust
- Category: Long Treasury / Sovereign Bond
- Assets under management: $3.88B
- 1-year return: 13.5%
- Ticker: FGVMX
- SEC CIK: 0000225322
- SEC series ID: S000017692
- Share class ID: C000206232
FGVMX Holdings
Top 10 holdings of Fidelity New Markets Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 6.15% |
| Petroleos De Venezuela SA | 1.75% |
| Ecuador Republic Of | 1.36% |
| Sri Lanka Govt Democratic Socialist Rep | 1.36% |
| Argentina Republic Of | 1.17% |
| Ust Notes | 0.85% |
| Petroleos Mexicanos | 0.84% |
| Argentina Republic Of | 0.82% |
| Argentina Republic Of | 0.82% |
| Venezuela, Republic Of | 0.78% |
FGVMX Portfolio Allocation
Asset-class allocation of Fidelity New Markets Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 90.5% |
| Cash & Equivalents | 6.2% |
| Equity | 1.9% |
FGVMX Performance
Total returns for FGVMX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.3% |
| 1 year | 13.5% |
| 3 years (annualised) | -14.8% |
| 5 years (annualised) | -27.5% |
FGVMX Risk Information
Risk metrics for FGVMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.3%
FGVMX Costs and Fees
FGVMX costs about $104 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.04%
- Gross expense ratio: 1.04%
- Portfolio turnover: 25%
- Brokerage commissions: 0.13 bps of average net assets (SEC N-CEN)
FGVMX Cashflows
Over the 12 months to 2026-06, Fidelity New Markets Income Fund had net outflows of $1.41B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $8.39M |
| 2026-05 | $4.32M |
| 2026-04 | $18.52M |
| 2026-03 | −$1.99B |
| 2026-02 | $131.73M |
| 2026-01 | $137.31M |
FGVMX Debt Constituents
Largest debt holdings of Fidelity New Markets Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Petroleos De Venezuela SA | 1.75% |
| Ecuador Republic Of | 1.36% |
| Sri Lanka Govt Democratic Socialist Rep | 1.36% |
| Argentina Republic Of | 1.17% |
| Ust Notes | 0.85% |
| Petroleos Mexicanos | 0.84% |
| Argentina Republic Of | 0.82% |
| Argentina Republic Of | 0.82% |
| Venezuela, Republic Of | 0.78% |
| Romania, Republic Of | 0.65% |
FGVMX Prospectus and SEC Filings
Official Fidelity New Markets Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-24
- Prospectus (485BPOS) — filed 2025-02-25
- Prospectus (485BPOS) — filed 2024-02-26
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other Long Treasury / Sovereign Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.