Fidelity Advisor New Markets Income Fund Class M (FGWMX)
The fund normally invests at least 80% of assets in securities of issuers in emerging markets (countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets with similar emerging characteristics) and other investments that are tied economically to emerging markets. It is non-diversified.
Fund Info
US31641Q6807
Dec 4, 2018
$0
Expense Ratio
FGWMX has a high expense ratio of 1.13%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Fidelity Advisor New Markets Income Fund Class M (FGWMX) returned 2.15% year-to-date (YTD) and 6.87% over the past 12 months.
FGWMX
2.15%
0.80%
1.47%
6.87%
6.07%
2.71%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of FGWMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.13% | 1.69% | -1.12% | -1.31% | 0.79% | 2.15% | |||||||
| 2024 | -0.82% | 1.37% | 1.78% | -0.78% | 1.56% | 0.16% | 2.19% | 1.02% | 2.13% | -1.70% | 0.94% | -0.98% | 6.99% |
| 2023 | 3.97% | -2.57% | 0.54% | -0.43% | -0.65% | 2.97% | 2.40% | -1.27% | -3.26% | 1.54% | 5.63% | 4.37% | 13.56% |
| 2022 | -2.31% | -6.14% | 0.71% | -5.06% | 0.02% | -6.65% | 2.01% | -0.49% | -6.47% | 0.43% | 8.17% | -0.09% | -15.64% |
| 2021 | -1.15% | -1.65% | -1.44% | 1.95% | 1.18% | 0.47% | 0.40% | 0.89% | -1.57% | -0.21% | -2.01% | 1.16% | -2.08% |
| 2020 | 1.42% | -1.25% | -14.47% | 1.97% | 7.02% | 2.54% | 2.65% | 1.27% | -1.83% | -0.61% | 4.75% | 2.34% | 4.21% |
| 2019 | 5.69% | 0.56% | 0.40% | -0.02% | -0.13% | 2.25% | 1.05% | -2.71% | 0.09% | 0.50% | 0.22% | 2.50% | 10.65% |
| 2018 | 0.19% | 0.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 81, FGWMX is among the top 19% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Advisor New Markets Income Fund Class M (FGWMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Fidelity Advisor New Markets Income Fund Class M provided a 4.51% dividend yield over the last twelve months, with an annual payout of $0.57 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.56 | $0.60 | $0.56 | $0.54 | $0.57 | $0.69 | $0.06 |
Dividend yield | 4.51% | 4.42% | 4.86% | 4.82% | 3.78% | 3.75% | 4.57% | 0.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor New Markets Income Fund Class M. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.06 | $0.05 | $0.05 | $0.05 | $0.00 | $0.21 | |||||||
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.03 | $0.04 | $0.03 | $0.06 | $0.56 |
| 2023 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.08 | $0.60 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.08 | $0.56 |
| 2021 | $0.05 | $0.08 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.54 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.57 |
| 2019 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.07 | $0.69 |
| 2018 | $0.06 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor New Markets Income Fund Class M. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor New Markets Income Fund Class M was 26.50%, occurring on Oct 21, 2022. Recovery took 483 trading sessions.
The current Fidelity Advisor New Markets Income Fund Class M drawdown is 1.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.5% | Sep 16, 2021 | 280 | Oct 21, 2022 | 483 | Sep 16, 2024 | 763 |
| -20.74% | Feb 24, 2020 | 21 | Mar 23, 2020 | 178 | Dec 3, 2020 | 199 |
| -5.9% | Mar 4, 2025 | 29 | Apr 11, 2025 | — | — | — |
| -4.59% | Jan 5, 2021 | 59 | Mar 30, 2021 | 106 | Aug 30, 2021 | 165 |
| -3.29% | Aug 12, 2019 | 32 | Sep 25, 2019 | 65 | Dec 27, 2019 | 97 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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