Morningstar

Fidelity Advisor New York Municipal Income Fund - Class I FEMIX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 11.92  /  +0.25 %
  • Total Assets 1.3B
  • Adj. Expense Ratio
    0.530%
  • Expense Ratio 0.530%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.96%
  • Effective Duration 8.28 years

USD | NAV as of Sep 12, 2026 | 1-Day Return as of Sep 12, 2026, 4:48 AM GMT+0

Morningstar’s Analysis FEMIX

Will FEMIX outperform in the 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 FEMIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    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

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

A top pick for New York muni investors.

Associate Director Tom Murphy

Tom Murphy

Associate Director

Summary

Fidelity New York Municipal Income’s seasoned team applies a consistent and risk-aware process that has historically offered investors a smoother ride than many muni New York long Morningstar Category peers.

by Tom Murphy
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Portfolio Holdings FEMIX

More FEMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

3.20 41M
Cash and Equivalents

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

1.51 19M
municipal

NEW YORK N Y 5%

1.50 19M
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.5%

1.46 19M
municipal

METROPOLITAN TRANSN AUTH N Y REV 0%

1.12 14M
municipal

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

1.05 13M
municipal

LIBERTY N Y DEV CORP REV 5.25%

1.00 13M
municipal

NEW YORK ENERGY FIN DEV CORP ENERGY SUPPLY REV 5%

0.95 12M
municipal

NEW YORK N Y 5%

0.94 12M
municipal

NEW YORK N Y 5.5%

0.87 11M
municipal

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