FGWMX Performance — Fidelity New Markets Income Fund, Class M
Data updated: 2026-08-24
FGWMX returned +4.28% year to date and +13.39% over one year to Jun 2026. Over one year the fund beat its International Intermediate Government Bond category average: $100 grew to $113, against $109 for the category. Volatility over the past 12 months was 5.20% a year. In the 12 months to Jun 2026 the fund lost a net $1.4B, and assets reached $3.88B.
FGWMX 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 | FGWMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $113 | $109 |
| 3 years (Jul 2023 – Jun 2026) | $62 | $130 |
| 5 years (Jul 2021 – Jun 2026) | $20 | $114 |
| Since data start (Jul 2019 – Jun 2026) | $8 | $121 |
FGWMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.28% |
| 1 year | +13.39% |
3- and 5-year figures withheld: returns differ from sibling classes.
FGWMX 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) | +4.28% |
| 2025 | +5.37% |
| 2024 | −34.71% |
| 2023 | −30.44% |
| 2022 | −48.06% |
| 2021 | −40.00% |
| 2020 | −36.15% |
| 2019 (Jul–Dec) | −20.49% |
FGWMX 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% | +1.3% | −3.0% | +3.1% | +0.8% | +0.7% | — | — | — | — | — | — |
| 2025 | −2.0% | −2.4% | −1.1% | −1.3% | +1.1% | +2.6% | +1.4% | +1.7% | +1.7% | +2.5% | +0.5% | +0.7% |
| 2024 | −5.2% | −2.7% | −1.9% | −5.1% | −2.5% | −3.5% | −2.3% | −2.7% | −2.3% | −5.6% | −2.9% | −5.2% |
| 2023 | −0.6% | −6.5% | −3.5% | −4.0% | −5.0% | −1.1% | −1.7% | −5.2% | −6.7% | −2.9% | +1.4% | +0.6% |
| 2022 | −6.2% | −9.9% | −3.3% | −8.6% | −4.3% | −10.4% | −1.7% | −4.8% | −10.2% | −3.6% | +3.8% | −3.7% |
| 2021 | −5.1% | −5.6% | −5.4% | −2.1% | −2.9% | −3.5% | −3.6% | −3.1% | −5.5% | −4.2% | −5.9% | −2.9% |
| 2020 | −2.6% | −5.2% | −17.9% | −2.1% | +2.7% | −1.6% | −1.5% | −2.8% | −5.8% | −4.6% | +0.6% | −1.8% |
| 2019 | — | — | — | — | — | — | −3.0% | −6.6% | −3.9% | −3.5% | −3.8% | −1.6% |
FGWMX Risk
Risk measures from monthly returns over Jul 2025 – Jun 2026.
- 1-year volatility (annualised): 5.20%
- Best month: +3.09% (Apr 2026)
- Worst month: −3.04% (Mar 2026)
FGWMX 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 |
FGWMX 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.