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Mutual Funds

Fidelity New Markets Income Fund

Symbol: FNMIX
Expense Ratio: 0.84%

Fidelity New Markets Income is a bond fund and member of the Kiplinger 25, the annual list of our favorite funds. A strong dollar has rocked investments in emerging markets. But manager John Carlson limits currency risk by investing mostly in dollar-denominated debt. The fund yields a hearty 6.4%, attesting to its above-average risk.

See FUND TABLES: Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds.

Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work.

And for the full collection of our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.