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Trending ETFs

Fidelity New York Municipal Income Fund

mutual fund
FNMAX
Payout Change
Pending
Price as of:
$12.5 -0.02 -0.16%
primary theme
Municipal Bond
share class
Z (FIJAX) A (FNMAX) Other (FTFMX) M (FNYPX) I (FEMIX) C (FNYCX)
FNMAX (Mutual Fund)

Fidelity New York Municipal Income Fund

Payout Change
Pending
Price as of:
$12.5 -0.02 -0.16%
primary theme
Municipal Bond
share class
Z (FIJAX) A (FNMAX) Other (FTFMX) M (FNYPX) I (FEMIX) C (FNYCX)
FNMAX (Mutual Fund)

Fidelity New York Municipal Income Fund

Payout Change
Pending
Price as of:
$12.5 -0.02 -0.16%
primary theme
Municipal Bond
share class
Z (FIJAX) A (FNMAX) Other (FTFMX) M (FNYPX) I (FEMIX) C (FNYCX)

Name

As of 10/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity New York Municipal Income Fund

FNMAX | Fund

$12.50

$1.23 B

2.38%

$0.30

0.76%

Vitals

YTD Return

2.4%

1 yr return

10.9%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

0.6%

Net Assets

$1.23 B

Holdings in Top 10

12.6%

52 WEEK LOW AND HIGH

$12.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load 4.00%

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity New York Municipal Income Fund

FNMAX | Fund

$12.50

$1.23 B

2.38%

$0.30

0.76%

FNMAX - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.81%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity New York Municipal Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Aug 22, 2002
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Cormac Cullen

Fund Description

Normally investing at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and New York State and City personal income taxes. Managing the fund to have similar overall interest rate risk to the supplemental index. Allocating assets across different market sectors and maturities. Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects. Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.
Read More

FNMAX - Performance

Return Ranking - Trailing

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -1.9% 24.7% 65.96%
1 Yr 10.9% 2.4% 34.3% 37.56%
3 Yr -0.4%* -9.9% 3.4% 57.60%
5 Yr 0.6%* -6.7% 1104.6% 62.94%
10 Yr 1.9%* -0.8% 248.9% 38.53%

* Annualized

Return Ranking - Calendar

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -1.4% 41.0% 4.52%
2022 -12.6% -39.7% 0.3% 63.83%
2021 -0.1% -5.6% 6.9% 34.65%
2020 1.2% -2.6% 310.0% 74.86%
2019 4.7% 0.0% 26.0% 18.63%

Total Return Ranking - Trailing

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -1.9% 24.7% 65.96%
1 Yr 10.9% 2.4% 34.3% 37.56%
3 Yr -0.4%* -9.9% 3.4% 57.60%
5 Yr 0.6%* -6.7% 1104.6% 62.94%
10 Yr 1.9%* -0.8% 248.9% 38.53%

* Annualized

Total Return Ranking - Calendar

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
2023 7.2% -1.3% 41.0% 15.50%
2022 -10.7% -39.7% 1.1% 70.65%
2021 2.6% -4.8% 23761504.0% 23.23%
2020 3.2% -1.5% 17057.9% 68.68%
2019 7.7% 0.2% 3514.6% 18.92%

NAV & Total Return History

FNMAX - Holdings

Concentration Analysis

FNMAX Category Low Category High FNMAX % Rank
Net Assets 1.23 B 3.22 M 71.9 B 26.03%
Number of Holdings 386 4 13418 32.12%
Net Assets in Top 10 154 M -317 M 3.45 B 29.00%
Weighting of Top 10 12.59% 1.9% 100.1% 74.37%

Top 10 Holdings

  1. METRO TR SER A1 5% 11/15/46 1.90%
  2. NYC NY 5% 8/1/2047 1.66%
  3. NEW YORK ST DO 5% 3/15/2035 1.63%
  4. NY ST DORM AUTH 5% 7/1/31 1.23%
  5. LIBERTY GOLDMAN SACHS 5.25% 10/1/2035 1.09%
  6. NEW YORK ST DO 5% 3/15/2048 1.08%
  7. NY MTA TRANSP 0% 11/15/2032 1.08%
  8. NY MTA TRANSP 0% 11/15/2029 1.07%
  9. NYS UDC 5% 3/15/2043 0.93%
  10. NY PAYROLL MOBI 5% 11/15/2038 0.92%

Asset Allocation

Weighting Return Low Return High FNMAX % Rank
Bonds 		99.02% 0.00% 150.86% 47.41%
Cash 		0.98% -50.86% 43.45% 51.82%
Stocks 		0.00% 0.00% 99.89% 36.54%
Preferred Stocks 		0.00% 0.00% 0.08% 27.74%
Other 		0.00% -3.72% 51.88% 34.24%
Convertible Bonds 		0.00% 0.00% 0.93% 27.12%

Bond Sector Breakdown

Weighting Return Low Return High FNMAX % Rank
Municipal 		98.02% 44.39% 100.00% 55.30%
Cash & Equivalents 		0.32% 0.00% 43.45% 42.27%
Derivative 		0.00% -3.72% 51.88% 31.45%
Securitized 		0.00% 0.00% 5.93% 27.85%
Corporate 		0.00% 0.00% 9.41% 39.77%
Government 		0.00% 0.00% 52.02% 32.31%

Bond Geographic Breakdown

Weighting Return Low Return High FNMAX % Rank
US 		99.02% 0.00% 142.23% 45.39%
Non US 		0.00% 0.00% 23.89% 31.72%

FNMAX - Expenses

Operational Fees

FNMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.01% 8.02% 46.68%
Management Fee 0.49% 0.00% 1.20% 77.79%
12b-1 Fee 0.25% 0.00% 1.00% 45.09%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

FNMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.50% 4.75% 32.95%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FNMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 33.33%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FNMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 283.00% 44.03%

FNMAX - Distributions

Dividend Yield Analysis

FNMAX Category Low Category High FNMAX % Rank
Dividend Yield 2.38% 0.00% 14.51% 73.34%

Dividend Distribution Analysis

FNMAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FNMAX Category Low Category High FNMAX % Rank
Net Income Ratio 1.81% -0.53% 5.33% 58.29%

Capital Gain Distribution Analysis

FNMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Distributions History

View More +

FNMAX - Fund Manager Analysis

Managers

Cormac Cullen

Start Date

Tenure

Tenure Rank

May 02, 2016

6.08

6.1%

Mr. Cullen has worked as a research analyst and portfolio manager with Fidelity since 2010. Prior to assuming his current position, from 2007 to 2010, Mr. Cullen supported FIAM’s Fixed Income Division as senior legal counsel.

Elizah McLaughlin

Start Date

Tenure

Tenure Rank

Sep 11, 2018

3.72

3.7%

Since joining Fidelity Investments in 1997, Ms. McLaughlin has worked as an analyst and portfolio manager.

Michael Maka

Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.33 1.58

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