FEMIX

About FEMIX

Fidelity Advisor New York Municipal Income Fund – Class I is an actively managed mutual fund specializing in investment-grade municipal debt securities issued by New York State and its municipalities. The fund’s primary purpose is to provide shareholders with a high level of current income that is generally exempt from federal, New York State, and New York City personal income taxes. It achieves this by maintaining at least 80% of its assets in securities whose interest is tax exempt, catering especially to investors seeking tax-advantaged income within New York. The portfolio primarily consists of municipal bonds with medium to high credit quality and features a relatively extensive interest rate sensitivity profile and a diversified selection of bonds—typically around 380 holdings. This structure supports both capital preservation and income generation. Managed by Fidelity Investments since its inception in 2002, the fund plays a significant role for individuals and institutions looking to access the New York municipal bond market in a cost-effective manner. Regular monthly income distributions and a low expense ratio further enhance its appeal for long-term, tax-conscious investors seeking stability and municipal market exposure through a professionally managed vehicle.