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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 11.51  /  0.42 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.470%
  • Expense Ratio 0.470%
  • 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 2.77%
  • Effective Duration 7.72 years

USD | NAV as of Oct 03, 2023 | 1-Day Return as of Oct 03, 2023, 10:13 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.

A solid choice for New York municipal investors.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Fidelity New York Municipal Income is managed by a capable and collaborative team that follows a consistent and distinctive approach to the New York muni market. It has served investors well over the longer term, earning a Morningstar Analyst Rating of Bronze for the strategy's cheapest share classes, while its more expensive share classes are rated Neutral.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings FTFMX

More FTFMX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 363
  • Other Holdings 2
  • % Assets in Top 10 Holdings 14.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

METROPOLITAN TRANSN AUTH N Y REV 5%

2.77
32,994,199
municipal

NEW YORK N Y 5%

2.21
26,320,270
municipal

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

1.69
20,142,893
municipal

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

1.29
15,286,257
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

1.28
15,279,158
municipal

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

1.11
13,208,665
municipal

LIBERTY N Y DEV CORP REV 5.25%

1.08
12,812,382
municipal

METROPOLITAN TRANSN AUTH N Y REV 0%

1.04
12,393,355
municipal

METROPOLITAN TRANSN AUTH N Y REV 0%

1.04
12,368,128
municipal

NEW YORK ST URBAN DEV CORP REV 5%

0.96
11,361,252
municipal