FNMAX: Fidelity Advisor® NY Municipal Inc A

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FNMAX Fidelity Advisor® NY Municipal Inc A


Profile

FNMAX - Profile

Vitals

  • YTD Return -0.4%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $1.74 B
  • Holdings in Top 10 13.5%

52 WEEK LOW AND HIGH

$13.44
$12.26
$13.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 15.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® New York Municipal Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Aug 01, 2002
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Cormac Cullen

Fund Description

The fund normally invests 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. It allocates assets across different market sectors and maturities. The fund potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. It is non-diversified.


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Categories

Fund Company Quick Screens

FNMAX - Fund Company Quick Screens


Performance

FNMAX - Performance

Return Ranking - Trailing

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -4.9% 298.0% 55.56%
1 Yr -0.6% -4.9% 293.5% 55.26%
3 Yr 0.3%* -1.7% 58.6% 48.59%
5 Yr 0.0%* -1.2% 31.9% 66.92%
10 Yr 0.1%* -0.8% 15.0% 30.10%

* Annualized

Return Ranking - Calendar

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% 1.5% 9.3% 24.16%
2018 -2.5% -6.6% 5.2% 47.89%
2017 1.5% -2.0% 4.3% 58.65%
2016 -3.6% -6.3% 0.0% 77.86%
2015 -0.4% -4.4% 1.1% 70.00%

Total Return Ranking - Trailing

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -4.9% 298.0% 55.56%
1 Yr -0.6% -4.9% 293.5% 55.26%
3 Yr 0.6%* -1.7% 58.7% 33.80%
5 Yr 0.6%* -1.2% 32.1% 31.54%
10 Yr 0.5%* -0.8% 15.2% 18.45%

* Annualized

Total Return Ranking - Calendar

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% 1.5% 9.3% 25.50%
2018 -2.2% -6.6% 5.2% 32.39%
2017 2.4% -2.0% 4.3% 18.05%
2016 -2.7% -6.3% 0.9% 35.88%
2015 0.5% -4.4% 2.1% 25.38%

NAV & Total Return History


Holdings

FNMAX - Holdings

Concentration Analysis

FNMAX Category Low Category High FNMAX % Rank
Net Assets 1.74 B 37.3 M 5.44 B 8.50%
Number of Holdings 408 48 1243 11.11%
Net Assets in Top 10 233 M -133 M 833 M 9.15%
Weighting of Top 10 13.49% 6.0% 85.6% 81.70%

Top 10 Holdings

  1. METROPOLITAN TRANSN AUTH N Y REV 5% 2.00%
  2. NEW YORK LIBERTY DEV CORP LIBERTY REV 5.12% 1.78%
  3. NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 5% 1.57%
  4. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 1.38%
  5. NEW YORK ST URBAN DEV CORP REV 5% 1.29%
  6. NASSAU CNTY N Y 5% 1.28%
  7. NEW YORK ST URBAN DEV CORP REV 5% 1.14%
  8. NEW YORK N Y CITY TRANSITIONAL FIN AUTH BLDG AID REV 5% 1.03%
  9. HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5% 1.01%
  10. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 1.00%

Asset Allocation

Weighting Return Low Return High FNMAX % Rank
Bonds
100.00% 87.46% 149.06% 16.99%
Stocks
0.00% 0.00% 0.00% 31.37%
Preferred Stocks
0.00% 0.00% 0.00% 31.37%
Other
0.00% 0.00% 1.42% 35.95%
Convertible Bonds
0.00% 0.00% 0.00% 31.37%
Cash
0.00% -49.07% 12.54% 73.86%

Bond Sector Breakdown

Weighting Return Low Return High FNMAX % Rank
Municipal
100.00% 87.46% 100.00% 6.54%
Derivative
0.00% 0.00% 0.00% 31.37%
Cash & Equivalents
0.00% 0.00% 12.54% 82.35%
Securitized
0.00% 0.00% 0.00% 31.37%
Corporate
0.00% 0.00% 2.05% 41.18%
Government
0.00% -0.01% 5.97% 33.99%

Bond Geographic Breakdown

Weighting Return Low Return High FNMAX % Rank
US
99.94% 84.46% 142.54% 8.50%
Non US
0.06% 0.00% 16.04% 74.51%

Expenses

FNMAX - Expenses

Operational Fees

FNMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.09% 3.53% 51.32%
Management Fee 0.35% 0.08% 0.70% 11.11%
12b-1 Fee 0.25% 0.00% 1.00% 38.96%
Administrative Fee N/A 0.01% 0.32% N/A

Sales Fees

FNMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 2.00% 4.75% 50.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FNMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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 15.00% 2.00% 114.00% 24.18%

Distributions

FNMAX - Distributions

Dividend Yield Analysis

FNMAX Category Low Category High FNMAX % Rank
Dividend Yield 0.00% 0.00% 2.29% 35.29%

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 2.14% 1.28% 6.06% 78.95%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

FNMAX - Fund Manager Analysis

Managers

Cormac Cullen


Start Date

Tenure

Tenure Rank

May 02, 2016

4.33

4.3%

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

1.97

2.0%

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

0.42

0.4%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 30.69 7.89 8.3