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Morningstar

Fidelity New York Municipal Income FTFMX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 12.18  /  +0.01 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.69%
  • Effective Duration 7.39 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:17 PM GMT+0

Morningstar’s Analysis FTFMX

Will FTFMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FTFMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FTFMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FTFMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This strategy holds up well in tough municipal markets.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Fidelity New York Municipal Income has served investors in the New York muni-bond market well by following a consistent and risk-conscious approach executed by a skilled and collaborative team.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings FTFMX

More FTFMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

2.15 26.5 Mil
Cash and Equivalents

METROPOLITAN TRANSN AUTH N Y REV 5%

1.88 23.2 Mil
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

1.65 20.3 Mil
municipal

NEW YORK N Y 5%

1.64 20.3 Mil
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5%

1.23 15.2 Mil
municipal

LIBERTY N Y DEV CORP REV 5.25%

1.10 13.6 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 0%

1.08 13.4 Mil
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

1.08 13.4 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 0%

1.06 13.1 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 5%

0.93 11.5 Mil
municipal