Fidelity Advisor New Markets Income Fund - Class I (FGZMX)

Fidelity Advisor New Markets Income Fund Class I is a mutual fund that seeks to provide high current income as its primary objective, with capital appreciation as a secondary goal. The fund primarily invests at least 80% of its assets in debt securities issued by governments, government-related organizations, or corporations in emerging market countries. Its holdings heavily emphasize U.S. dollar-denominated sovereign and quasi-sovereign bonds, while a smaller portion may include local-currency debt and emerging-market corporate bonds. This global fixed-income strategy leverages comprehensive country and macroeconomic research to identify undervalued opportunities with favorable risk-reward dynamics. The fund is structured to offer investors income potential and portfolio diversification by tapping into the growth and development of emerging markets. With net assets exceeding $6 billion and a monthly dividend payout, Fidelity Advisor New Markets Income Fund Class I plays a significant role in the emerging markets bond category, serving investors seeking diversified exposure to international fixed-income markets and seeking a consistent income stream from emerging market debt securities.