FNYPX

About FNYPX

Fidelity Advisor New York Municipal Income Fund - Class M is an actively managed municipal bond mutual fund focused on generating a high level of current income that is exempt from federal and New York State and City personal income taxes. The portfolio normally invests at least 80% of assets in investment‑grade New York municipal securities, spanning general obligation and revenue bonds across longer durations typical of the New York muni long category. Its research-driven process emphasizes fundamental credit analysis, sector selection, and yield-curve positioning to balance income with capital preservation in a tax-advantaged framework. The fund plays a niche role for investors seeking state-specific tax efficiency, channeling capital to essential public finance sectors such as transportation, education, and urban development through New York issuers. Managed by Fidelity’s municipal team, the strategy has been applied consistently across share classes, with a track record reported through periodic fact sheets and category rankings that contextualize results versus municipal benchmarks. In the broader market, it contributes liquidity and credit diversification within the municipal ecosystem while aligning portfolio construction to New York’s revenue structures and policy dynamics.