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FNYCX Fidelity Advisor® NY Municipal Inc C

  • Fund
  • FNYCX
  • Price as of: Jul 15, 2019
  • $13.44 - $0.00 - 0.00%
  • Category
  • Single State Municipal Bonds

FNYCX - Profile

Vitals

  • YTD Return 4.3%
  • 3 Yr Annualized Return -1.1%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $1.77 B
  • Holdings in Top 10 14.3%

52 WEEK LOW AND HIGH

$13.44
$12.62
$13.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.53%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 13.00%

TRADING FEES

  • Max Redemption Fee 0.50%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni New York Long

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.61%
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 C
  • Currency USD
  • Domiciled Country United States
  • Manager Kevin Ramundo

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.

FNYCX - Performance

Return Ranking - Trailing

Period FNYCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -3.2% 7.6% 9.20%
1 Yr 3.8% -6.4% 8.5% 7.68%
3 Yr -1.1%* -2.3% 3.6% 70.60%
5 Yr 0.1%* -1.3% 1.7% 52.62%
10 Yr 0.7%* -1.1% 4.2% 43.34%

* Annualized


Return Ranking - Calendar

Period FNYCX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.5% -7.2% 11.0% 63.59%
2017 1.5% -10.1% 6.8% 45.19%
2016 -3.6% -4.9% 0.0% 88.83%
2015 -0.4% -5.6% 1.8% 63.03%
2014 5.7% -34.8% 15.6% 52.37%

Total Return Ranking - Trailing

Period FNYCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -3.2% 7.6% 9.45%
1 Yr 4.0% -6.4% 8.5% 8.58%
3 Yr -0.4%* -2.3% 3.6% 21.82%
5 Yr 0.8%* -1.3% 4.4% 13.91%
10 Yr 1.1%* -1.1% 5.6% 23.44%

* Annualized


Total Return Ranking - Calendar

Period FNYCX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.2% -7.2% 11.0% 48.85%
2017 2.4% -10.1% 6.9% 18.23%
2016 -2.7% -4.9% 1.0% 48.91%
2015 0.5% -5.6% 4.0% 12.71%
2014 5.9% -34.8% 16.3% 49.12%

NAV & Total Return History

FNYCX - Holdings

Concentration Analysis

FNYCX Category Low Category High FNYCX % Rank
Net Assets 1.77 B 6.28 M 20.6 B 6.64%
Number of Holdings 367 31 4231 10.73%
Net Assets in Top 10 247 M -4.71 M 2.92 B 6.77%
Weighting of Top 10 14.30% 2.5% 58.7% 86.08%

Top 10 Holdings

  1. METROPOLITAN TRANSN AUTH N Y REV 5% 2.13%

  2. NEW YORK LIBERTY DEV CORP LIBERTY REV 5.12% 1.84%

  3. NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 5% 1.57%

  4. PORT AUTH N Y & N J 5% 1.50%

  5. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 1.34%

  6. NASSAU CNTY N Y 5% 1.30%

  7. NEW YORK ST URBAN DEV CORP REV 5% 1.28%

  8. NEW YORK N Y CITY TR CULTURAL RES REV 5% 1.18%

  9. NEW YORK ST URBAN DEV CORP REV 5% 1.11%

  10. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 1.07%


Asset Allocation

Weighting Return Low Return High FNYCX % Rank
Bonds
100.00% -0.60% 103.72% 21.58%
Stocks
0.00% 0.00% 0.32% 61.56%
Preferred Stocks
0.00% 0.00% 0.00% 60.66%
Other
0.00% -2.39% 8.43% 62.84%
Convertible Bonds
0.00% 0.00% 0.00% 60.66%
Cash
0.00% -3.73% 93.39% 81.99%

Bond Sector Breakdown

Weighting Return Low Return High FNYCX % Rank
Municipal
100.00% 0.00% 103.73% 22.09%
Derivative
0.00% -0.20% 0.00% 60.66%
Cash & Equivalents
0.00% -3.73% 93.39% 80.20%
Securitized
0.00% 0.00% 0.00% 60.66%
Corporate
0.00% 0.00% 4.72% 63.86%
Government
0.00% -17.97% 1.02% 58.11%

Bond Geographic Breakdown

Weighting Return Low Return High FNYCX % Rank
US
100.00% -0.60% 102.38% 6.51%
Non US
0.00% 0.00% 22.38% 91.19%

FNYCX - Expenses

Operational Fees

FNYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.53% 0.09% 2.58% 20.43%
Management Fee 0.36% 0.08% 1.30% 16.48%
12b-1 Fee 1.00% 0.00% 1.00% 89.25%
Administrative Fee N/A 0.00% 0.33% N/A

Sales Fees

FNYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 0.50% 5.00% 68.09%

Trading Fees

FNYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.50% 0.50% 2.00% 64.00%

Turnover 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.

FNYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 3.32% 293.00% 28.55%

FNYCX - Distributions

Dividend Yield Analysis

FNYCX Category Low Category High FNYCX % Rank
Dividend Yield 0.01% 0.00% 2.83% 93.36%

Dividend Distribution Analysis

FNYCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

FNYCX Category Low Category High FNYCX % Rank
Net Income Ratio 1.61% -0.21% 4.62% 94.64%

Capital Gain Distribution Analysis

FNYCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

FNYCX - Managers

Kevin Ramundo

Manager

Start Date

Tenure

Tenure Rank

May 02, 2016

3.16

3.2%

Kevin Ramundo joined Fidelity Investments in 2000, Mr. Ramundo has worked as a research analyst and portfolio manager.


Cormac Cullen

Manager

Start Date

Tenure

Tenure Rank

May 02, 2016

3.16

3.2%

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

Manager

Start Date

Tenure

Tenure Rank

Sep 11, 2018

0.8

0.8%

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


Tenure Analysis

Category Low

0.75

Category High

28.92

Category Average

11.47

Category Mode

16.51