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.
Will FNMAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FNMAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FNMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FNMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.