FNMAX: Fidelity® New York Municipal Income Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$13.77

-

-

0.78%

Vitals

YTD Return

0.9%

1 yr return

4.9%

3 Yr Avg Return

4.8%

5 Yr Avg Return

2.7%

Net Assets

$1.77 B

Holdings in Top 10

13.6%

52 WEEK LOW AND HIGH

$13.77
$13.33
$13.92

Expenses

OPERATING FEES

Expense Ratio 0.78%

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

Investment Style

Muni New York Long


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$13.77

-

-

0.78%

FNMAX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.01%
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.


FNMAX - Performance

Return Ranking - Trailing

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -88.5% 9.9% 19.23%
1 Yr 4.9% -20.5% 20.4% 25.58%
3 Yr 4.8%* -6.2% 10.9% 31.86%
5 Yr 2.7%* -3.5% 7.1% 44.97%
10 Yr 3.6%* -0.2% 9.3% 47.97%

* Annualized

Return Ranking - Calendar

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.2% -91.1% 310.0% 61.06%
2019 4.7% -79.8% 15.4% 19.64%
2018 -2.5% -72.6% 97.2% 51.06%
2017 1.5% -100.0% 7.6% 47.17%
2016 -3.6% -35.9% 96.8% 80.45%

Total Return Ranking - Trailing

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -88.5% 9.6% 19.27%
1 Yr 0.7% -24.2% 24.2% 62.33%
3 Yr 3.4%* -7.0% 11.7% 61.66%
5 Yr 1.9%* -4.0% 7.1% 64.83%
10 Yr 3.2%* -0.6% 9.3% 59.71%

* Annualized

Total Return Ranking - Calendar

Period FNMAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.2% -91.1% 310.0% 61.01%
2019 4.7% -79.8% 15.4% 19.92%
2018 -2.2% -72.6% 11.0% 40.16%
2017 2.4% -100.0% 7.6% 27.38%
2016 -2.7% -35.9% 3.0% 48.66%

NAV & Total Return History


FNMAX - Holdings

Concentration Analysis

FNMAX Category Low Category High FNMAX % Rank
Net Assets 1.77 B 882 K 88.1 B 21.21%
Number of Holdings 380 1 12437 23.35%
Net Assets in Top 10 241 M -308 M 3.93 B 13.51%
Weighting of Top 10 13.57% 2.4% 100.0% 78.05%

Top 10 Holdings

  1. METROPOLITAN TRANSN AUTH N Y REV 5% 2.09%
  2. NEW YORK LIBERTY DEV CORP LIBERTY REV 5.12% 1.68%
  3. NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 5% 1.56%
  4. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 1.41%
  5. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 1.35%
  6. NASSAU CNTY N Y 5% 1.27%
  7. NEW YORK ST URBAN DEV CORP REV 5% 1.24%
  8. NEW YORK ST URBAN DEV CORP REV 5% 1.09%
  9. NEW YORK N Y 5% 1.08%
  10. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.07%

Asset Allocation

Weighting Return Low Return High FNMAX % Rank
Bonds
99.43% 46.14% 145.79% 46.76%
Cash
0.57% -45.79% 53.86% 51.18%
Stocks
0.00% -0.15% 2.80% 48.67%
Preferred Stocks
0.00% -3.40% 1.05% 45.80%
Other
0.00% -9.70% 30.00% 47.27%
Convertible Bonds
0.00% -0.02% 1.09% 46.45%

Bond Sector Breakdown

Weighting Return Low Return High FNMAX % Rank
Municipal
99.43% 46.14% 100.00% 43.71%
Cash & Equivalents
0.57% 0.00% 53.86% 55.55%
Derivative
0.00% 0.00% 0.09% 46.37%
Securitized
0.00% 0.00% 8.03% 47.18%
Corporate
0.00% 0.00% 11.97% 55.06%
Government
0.00% 0.00% 50.63% 49.06%

Bond Geographic Breakdown

Weighting Return Low Return High FNMAX % Rank
US
99.37% 0.00% 141.11% 31.10%
Non US
0.06% 0.00% 100.00% 58.57%

FNMAX - Expenses

Operational Fees

FNMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.04% 4.23% 29.14%
Management Fee 0.35% 0.00% 1.60% 25.90%
12b-1 Fee 0.25% 0.00% 1.00% 47.40%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FNMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.00% 5.75% 33.83%
Deferred Load N/A 0.25% 5.50% 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% 299.40% 36.60%

FNMAX - Distributions

Dividend Yield Analysis

FNMAX Category Low Category High FNMAX % Rank
Dividend Yield 0.00% 0.00% 35.27% 54.12%

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 2.01% -1.65% 24.00% 60.31%

Capital Gain Distribution Analysis

FNMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Quarterly Monthly Monthly

Dividend Payout History

View More +

FNMAX - Fund Manager Analysis

Managers

Cormac Cullen


Start Date

Tenure

Tenure Rank

May 02, 2016

5.33

5.3%

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

2.97

3.0%

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

1.42

1.4%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.44 7.21 0.83