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Fidelity Advisor® NY Municipal Inc I FEMIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
13.89  /  0.01 %
Total Assets
1.8 Bil
Adj. Expense Ratio
0.530%
Expense Ratio
0.530%
Fee Level
Average
Longest Manager Tenure
5.23 years
Category
Muni New York Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
0
Status
Open
TTM Yield
2.13%
Effective Duration
6.20 years

USD | NAV as of Jul 26, 2021 | 1-Day Return as of Jul 26, 2021, 9:35 PM GMT+00:00

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Morningstar’s Analysis

Will FEMIX outperform in future?

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

Process Pillar

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

People Pillar

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The People Pillar is our evaluation of the FEMIX 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

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

A solid choice focused on the New York municipal market.

Senior Analyst

Summary

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While there's been some change, the team at the helm of Fidelity New York Municipal Income remains large and experienced. This combined with the strategy's consistent and distinctive approach should serve investors well and earn a Morningstar Analyst Rating of Silver or Bronze for its cheaper share classes, while its more expensive share classes earn a Neutral.

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