Fidelity New York Municipal Income Fund (FTFMX) Research
This fund endeavors to provide investors with a high level of current income that is exempt from federal, New York State, and New York City personal income taxes. Its primary strategy involves dedicating at least 80% of its assets to investment-grade municipal securities, whose interest payments similarly avoid these same tax burdens. The portfolio strategically diversifies holdings across various market sectors and maturity periods. It's important to note that the fund may allocate over 25% of its total assets to municipal securities financing comparable projects, and it is characterized as a non-diversified investment vehicle.
Market snapshot
- Symbol
- FTFMX
- Price
- $12.52
- Day change
- +0.08%
- Market cap
- $1.3B
- 52-week range
- 11.85-12.67
- Sector
- Financial Services
- Industry
- Asset Management - Income
Peer companies
- Columbia Thermostat Fund (CTFAX)
- Eaton Vance Emerging Markets Local Income Fund (EEIIX)
- Fidelity Massachuseets Municipal Income Fund (FDMMX)
- Fidelity Flex Municipal Income Fund (FUENX)
- LSV Value Equity Fund (LVAEX)
- Nuveen Municipal High Income Opportunity Fund (NMZ)
- Virginia Tax Free Bond Fund (PRVAX)
- T. Rowe Price Spectrum International Equity Fund (PSILX)
Open Fidelity New York Municipal Income Fund (FTFMX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.