N-CSR false 0000718581 N-1A Fidelity New York Municipal Trust 0000718581fmr:C000019544Member2025-01-312026-01-310000718581fmr:C000019544_LG_ClassMember_11YRMember2015-01-312026-01-310000718581fmr:C000019544_ClassMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019544_ClassMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019544_ClassMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019544_ClassMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019544_ClassMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019544_ClassMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019544_ClassMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019544_ClassMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019544_ClassMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019544_ClassMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019544_ClassMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019544_LG_1_AdditionalIndexMember_11YRMember2015-01-312026-01-310000718581fmr:C000019544_1_AdditionalIndexMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019544_1_AdditionalIndexMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019544_1_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019544_1_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019544_1_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019544_1_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019544_1_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019544_1_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019544_1_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019544_1_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019544_1_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019544_LG_2_AdditionalIndexMember_11YRMember2015-01-312026-01-310000718581fmr:C000019544_2_AdditionalIndexMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019544_2_AdditionalIndexMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019544_2_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019544_2_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019544_2_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019544_2_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019544_2_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019544_2_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019544_2_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019544_2_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019544_2_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019544_NoLoadClassMember_1YRMember2025-01-312026-01-310000718581fmr:C000019544_NoLoadClassMember_5YRMember2021-01-312026-01-310000718581fmr:C000019544_NoLoadClassMember_10YRMember2016-01-312026-01-310000718581fmr:C000019544_0_AdditionalIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000019544_0_AdditionalIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000019544_0_AdditionalIndexMember_10YRMember2016-01-312026-01-310000718581fmr:C000019544_1_BBIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000019544_1_BBIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000019544_1_BBIndexMember_10YRMember2016-01-312026-01-310000718581fmr:C000019544Member2026-01-310000718581fmr:C000019544Memberfmr:RS0Member2026-01-310000718581fmr:C000019544Memberfmr:RS1Member2026-01-310000718581fmr:C000019544Memberfmr:RS2Member2026-01-310000718581fmr:C000019544Memberfmr:RS3Member2026-01-310000718581fmr:C000019544Memberfmr:RS4Member2026-01-310000718581fmr:C000019544Memberfmr:RS5Member2026-01-310000718581fmr:C000019544Memberfmr:RS6Member2026-01-310000718581fmr:C000019544Memberfmr:QDAAAMember2026-01-310000718581fmr:C000019544Memberfmr:QDAAMember2026-01-310000718581fmr:C000019544Memberfmr:QDAMember2026-01-310000718581fmr:C000019544Memberfmr:QDBBBMember2026-01-310000718581fmr:C000019544Memberfmr:QDBBMember2026-01-310000718581fmr:C000019544Memberfmr:QDBMember2026-01-310000718581fmr:C000019544Memberfmr:QDNotRatedMember2026-01-310000718581fmr:C000019544Memberfmr:QDShortTermInvestmentsandNetOtherAssetsLiabilitiesMember2026-01-310000718581fmr:C000205010Member2025-01-312026-01-310000718581fmr:C000205010_LG_ClassMember_9YRMember2017-01-312026-01-310000718581fmr:C000205010_ClassMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000205010_ClassMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000205010_ClassMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000205010_ClassMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000205010_ClassMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000205010_ClassMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000205010_ClassMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000205010_ClassMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000205010_ClassMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000205010_LG_1_AdditionalIndexMember_9YRMember2017-01-312026-01-310000718581fmr:C000205010_1_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000205010_1_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000205010_1_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000205010_1_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000205010_1_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000205010_1_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000205010_1_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000205010_1_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000205010_1_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000205010_LG_2_AdditionalIndexMember_9YRMember2017-01-312026-01-310000718581fmr:C000205010_2_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000205010_2_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000205010_2_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000205010_2_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000205010_2_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000205010_2_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000205010_2_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000205010_2_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000205010_2_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000205010_NoLoadClassMember_1YRMember2025-01-312026-01-310000718581fmr:C000205010_NoLoadClassMember_5YRMember2021-01-312026-01-310000718581fmr:C000205010_NoLoadClassMember_2025-02-01_2026-01-31Member2025-01-312026-01-310000718581fmr:C000205010_0_AdditionalIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000205010_0_AdditionalIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000205010_0_AdditionalIndexMember_LOCMember2025-01-312026-01-310000718581fmr:C000205010_1_BBIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000205010_1_BBIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000205010_1_BBIndexMember_LOCMember2025-01-312026-01-310000718581fmr:C000205010Member2018-10-022026-01-310000718581fmr:C000205010Member2026-01-310000718581fmr:C000205010Memberfmr:RS0Member2026-01-310000718581fmr:C000205010Memberfmr:RS1Member2026-01-310000718581fmr:C000205010Memberfmr:RS2Member2026-01-310000718581fmr:C000205010Memberfmr:RS3Member2026-01-310000718581fmr:C000205010Memberfmr:RS4Member2026-01-310000718581fmr:C000205010Memberfmr:RS5Member2026-01-310000718581fmr:C000205010Memberfmr:RS6Member2026-01-310000718581fmr:C000205010Memberfmr:QDAAAMember2026-01-310000718581fmr:C000205010Memberfmr:QDAAMember2026-01-310000718581fmr:C000205010Memberfmr:QDAMember2026-01-310000718581fmr:C000205010Memberfmr:QDBBBMember2026-01-310000718581fmr:C000205010Memberfmr:QDBBMember2026-01-310000718581fmr:C000205010Memberfmr:QDBMember2026-01-310000718581fmr:C000205010Memberfmr:QDNotRatedMember2026-01-310000718581fmr:C000205010Memberfmr:QDShortTermInvestmentsandNetOtherAssetsLiabilitiesMember2026-01-310000718581fmr:C000019548Member2025-01-312026-01-310000718581fmr:C000019548_LG_ClassMember_11YRMember2015-01-312026-01-310000718581fmr:C000019548_ClassMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019548_ClassMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019548_ClassMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019548_ClassMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019548_ClassMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019548_ClassMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019548_ClassMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019548_ClassMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019548_ClassMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019548_ClassMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019548_ClassMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019548_LG_1_AdditionalIndexMember_11YRMember2015-01-312026-01-310000718581fmr:C000019548_1_AdditionalIndexMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019548_1_AdditionalIndexMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019548_1_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019548_1_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019548_1_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019548_1_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019548_1_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019548_1_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019548_1_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019548_1_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019548_1_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019548_LG_2_AdditionalIndexMember_11YRMember2015-01-312026-01-310000718581fmr:C000019548_2_AdditionalIndexMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019548_2_AdditionalIndexMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019548_2_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019548_2_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019548_2_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019548_2_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019548_2_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019548_2_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019548_2_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019548_2_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019548_2_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019548_ClassMember_1YRMember2025-01-312026-01-310000718581fmr:C000019548_ClassMember_5YRMember2021-01-312026-01-310000718581fmr:C000019548_ClassMember_10YRMember2016-01-312026-01-310000718581fmr:C000019548_NoLoadClassMember_1YRMember2025-01-312026-01-310000718581fmr:C000019548_NoLoadClassMember_5YRMember2021-01-312026-01-310000718581fmr:C000019548_NoLoadClassMember_10YRMember2016-01-312026-01-310000718581fmr:C000019548_0_AdditionalIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000019548_0_AdditionalIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000019548_0_AdditionalIndexMember_10YRMember2016-01-312026-01-310000718581fmr:C000019548_1_BBIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000019548_1_BBIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000019548_1_BBIndexMember_10YRMember2016-01-312026-01-310000718581fmr:C000019548Member2026-01-310000718581fmr:C000019548Memberfmr:RS0Member2026-01-310000718581fmr:C000019548Memberfmr:RS1Member2026-01-310000718581fmr:C000019548Memberfmr:RS2Member2026-01-310000718581fmr:C000019548Memberfmr:RS3Member2026-01-310000718581fmr:C000019548Memberfmr:RS4Member2026-01-310000718581fmr:C000019548Memberfmr:RS5Member2026-01-310000718581fmr:C000019548Memberfmr:RS6Member2026-01-310000718581fmr:C000019548Memberfmr:QDAAAMember2026-01-310000718581fmr:C000019548Memberfmr:QDAAMember2026-01-310000718581fmr:C000019548Memberfmr:QDAMember2026-01-310000718581fmr:C000019548Memberfmr:QDBBBMember2026-01-310000718581fmr:C000019548Memberfmr:QDBBMember2026-01-310000718581fmr:C000019548Memberfmr:QDBMember2026-01-310000718581fmr:C000019548Memberfmr:QDNotRatedMember2026-01-310000718581fmr:C000019548Memberfmr:QDShortTermInvestmentsandNetOtherAssetsLiabilitiesMember2026-01-310000718581fmr:C000019549Member2025-01-312026-01-310000718581fmr:C000019549_LG_ClassMember_11YRMember2015-01-312026-01-310000718581fmr:C000019549_ClassMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019549_ClassMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019549_ClassMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019549_ClassMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019549_ClassMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019549_ClassMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019549_ClassMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019549_ClassMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019549_ClassMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019549_ClassMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019549_ClassMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019549_LG_1_AdditionalIndexMember_11YRMember2015-01-312026-01-310000718581fmr:C000019549_1_AdditionalIndexMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019549_1_AdditionalIndexMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019549_1_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019549_1_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019549_1_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019549_1_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019549_1_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019549_1_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019549_1_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019549_1_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019549_1_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019549_LG_2_AdditionalIndexMember_11YRMember2015-01-312026-01-310000718581fmr:C000019549_2_AdditionalIndexMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019549_2_AdditionalIndexMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019549_2_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019549_2_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019549_2_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019549_2_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019549_2_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019549_2_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019549_2_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019549_2_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019549_2_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019549_NoLoadClassMember_1YRMember2025-01-312026-01-310000718581fmr:C000019549_NoLoadClassMember_5YRMember2021-01-312026-01-310000718581fmr:C000019549_NoLoadClassMember_10YRMember2016-01-312026-01-310000718581fmr:C000019549_0_AdditionalIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000019549_0_AdditionalIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000019549_0_AdditionalIndexMember_10YRMember2016-01-312026-01-310000718581fmr:C000019549_1_BBIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000019549_1_BBIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000019549_1_BBIndexMember_10YRMember2016-01-312026-01-310000718581fmr:C000019549Member2026-01-310000718581fmr:C000019549Memberfmr:RS0Member2026-01-310000718581fmr:C000019549Memberfmr:RS1Member2026-01-310000718581fmr:C000019549Memberfmr:RS2Member2026-01-310000718581fmr:C000019549Memberfmr:RS3Member2026-01-310000718581fmr:C000019549Memberfmr:RS4Member2026-01-310000718581fmr:C000019549Memberfmr:RS5Member2026-01-310000718581fmr:C000019549Memberfmr:RS6Member2026-01-310000718581fmr:C000019549Memberfmr:QDAAAMember2026-01-310000718581fmr:C000019549Memberfmr:QDAAMember2026-01-310000718581fmr:C000019549Memberfmr:QDAMember2026-01-310000718581fmr:C000019549Memberfmr:QDBBBMember2026-01-310000718581fmr:C000019549Memberfmr:QDBBMember2026-01-310000718581fmr:C000019549Memberfmr:QDBMember2026-01-310000718581fmr:C000019549Memberfmr:QDNotRatedMember2026-01-310000718581fmr:C000019549Memberfmr:QDShortTermInvestmentsandNetOtherAssetsLiabilitiesMember2026-01-310000718581fmr:C000019547Member2025-01-312026-01-310000718581fmr:C000019547_LG_ClassMember_11YRMember2015-01-312026-01-310000718581fmr:C000019547_ClassMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019547_ClassMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019547_ClassMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019547_ClassMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019547_ClassMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019547_ClassMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019547_ClassMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019547_ClassMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019547_ClassMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019547_ClassMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019547_ClassMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019547_LG_1_AdditionalIndexMember_11YRMember2015-01-312026-01-310000718581fmr:C000019547_1_AdditionalIndexMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019547_1_AdditionalIndexMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019547_1_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019547_1_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019547_1_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019547_1_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019547_1_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019547_1_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019547_1_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019547_1_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019547_1_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019547_LG_2_AdditionalIndexMember_11YRMember2015-01-312026-01-310000718581fmr:C000019547_2_AdditionalIndexMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019547_2_AdditionalIndexMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019547_2_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019547_2_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019547_2_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019547_2_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019547_2_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019547_2_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019547_2_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019547_2_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019547_2_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019547_ClassMember_1YRMember2025-01-312026-01-310000718581fmr:C000019547_ClassMember_5YRMember2021-01-312026-01-310000718581fmr:C000019547_ClassMember_10YRMember2016-01-312026-01-310000718581fmr:C000019547_NoLoadClassMember_1YRMember2025-01-312026-01-310000718581fmr:C000019547_NoLoadClassMember_5YRMember2021-01-312026-01-310000718581fmr:C000019547_NoLoadClassMember_10YRMember2016-01-312026-01-310000718581fmr:C000019547_0_AdditionalIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000019547_0_AdditionalIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000019547_0_AdditionalIndexMember_10YRMember2016-01-312026-01-310000718581fmr:C000019547_1_BBIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000019547_1_BBIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000019547_1_BBIndexMember_10YRMember2016-01-312026-01-310000718581fmr:C000019547Member2026-01-310000718581fmr:C000019547Memberfmr:RS0Member2026-01-310000718581fmr:C000019547Memberfmr:RS1Member2026-01-310000718581fmr:C000019547Memberfmr:RS2Member2026-01-310000718581fmr:C000019547Memberfmr:RS3Member2026-01-310000718581fmr:C000019547Memberfmr:RS4Member2026-01-310000718581fmr:C000019547Memberfmr:RS5Member2026-01-310000718581fmr:C000019547Memberfmr:RS6Member2026-01-310000718581fmr:C000019547Memberfmr:QDAAAMember2026-01-310000718581fmr:C000019547Memberfmr:QDAAMember2026-01-310000718581fmr:C000019547Memberfmr:QDAMember2026-01-310000718581fmr:C000019547Memberfmr:QDBBBMember2026-01-310000718581fmr:C000019547Memberfmr:QDBBMember2026-01-310000718581fmr:C000019547Memberfmr:QDBMember2026-01-310000718581fmr:C000019547Memberfmr:QDNotRatedMember2026-01-310000718581fmr:C000019547Memberfmr:QDShortTermInvestmentsandNetOtherAssetsLiabilitiesMember2026-01-310000718581fmr:C000019545Member2025-01-312026-01-310000718581fmr:C000019545_LG_ClassMember_11YRMember2015-01-312026-01-310000718581fmr:C000019545_ClassMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019545_ClassMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019545_ClassMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019545_ClassMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019545_ClassMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019545_ClassMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019545_ClassMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019545_ClassMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019545_ClassMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019545_ClassMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019545_ClassMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019545_LG_1_AdditionalIndexMember_11YRMember2015-01-312026-01-310000718581fmr:C000019545_1_AdditionalIndexMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019545_1_AdditionalIndexMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019545_1_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019545_1_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019545_1_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019545_1_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019545_1_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019545_1_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019545_1_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019545_1_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019545_1_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019545_LG_2_AdditionalIndexMember_11YRMember2015-01-312026-01-310000718581fmr:C000019545_2_AdditionalIndexMember_AsOf_2016Member2025-01-312026-01-310000718581fmr:C000019545_2_AdditionalIndexMember_AsOf_2017Member2025-01-312026-01-310000718581fmr:C000019545_2_AdditionalIndexMember_AsOf_2018Member2025-01-312026-01-310000718581fmr:C000019545_2_AdditionalIndexMember_AsOf_2019Member2025-01-312026-01-310000718581fmr:C000019545_2_AdditionalIndexMember_AsOf_2020Member2025-01-312026-01-310000718581fmr:C000019545_2_AdditionalIndexMember_AsOf_2021Member2025-01-312026-01-310000718581fmr:C000019545_2_AdditionalIndexMember_AsOf_2022Member2025-01-312026-01-310000718581fmr:C000019545_2_AdditionalIndexMember_AsOf_2023Member2025-01-312026-01-310000718581fmr:C000019545_2_AdditionalIndexMember_AsOf_2024Member2025-01-312026-01-310000718581fmr:C000019545_2_AdditionalIndexMember_AsOf_2025Member2025-01-312026-01-310000718581fmr:C000019545_2_AdditionalIndexMember_AsOf_2026Member2025-01-312026-01-310000718581fmr:C000019545_ClassMember_1YRMember2025-01-312026-01-310000718581fmr:C000019545_ClassMember_5YRMember2021-01-312026-01-310000718581fmr:C000019545_ClassMember_10YRMember2016-01-312026-01-310000718581fmr:C000019545_NoLoadClassMember_1YRMember2025-01-312026-01-310000718581fmr:C000019545_NoLoadClassMember_5YRMember2021-01-312026-01-310000718581fmr:C000019545_NoLoadClassMember_10YRMember2016-01-312026-01-310000718581fmr:C000019545_0_AdditionalIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000019545_0_AdditionalIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000019545_0_AdditionalIndexMember_10YRMember2016-01-312026-01-310000718581fmr:C000019545_1_BBIndexMember_1YRMember2025-01-312026-01-310000718581fmr:C000019545_1_BBIndexMember_5YRMember2021-01-312026-01-310000718581fmr:C000019545_1_BBIndexMember_10YRMember2016-01-312026-01-310000718581fmr:C000019545Member2026-01-310000718581fmr:C000019545Memberfmr:RS0Member2026-01-310000718581fmr:C000019545Memberfmr:RS1Member2026-01-310000718581fmr:C000019545Memberfmr:RS2Member2026-01-310000718581fmr:C000019545Memberfmr:RS3Member2026-01-310000718581fmr:C000019545Memberfmr:RS4Member2026-01-310000718581fmr:C000019545Memberfmr:RS5Member2026-01-310000718581fmr:C000019545Memberfmr:RS6Member2026-01-310000718581fmr:C000019545Memberfmr:QDAAAMember2026-01-310000718581fmr:C000019545Memberfmr:QDAAMember2026-01-310000718581fmr:C000019545Memberfmr:QDAMember2026-01-310000718581fmr:C000019545Memberfmr:QDBBBMember2026-01-310000718581fmr:C000019545Memberfmr:QDBBMember2026-01-310000718581fmr:C000019545Memberfmr:QDBMember2026-01-310000718581fmr:C000019545Memberfmr:QDNotRatedMember2026-01-310000718581fmr:C000019545Memberfmr:QDShortTermInvestmentsandNetOtherAssetsLiabilitiesMember2026-01-3100007185812025-01-312026-01-31 iso4217:USD xbrli:pure xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES


Investment Company Act file number   811-03723


Fidelity New York Municipal Trust

 (Exact name of registrant as specified in charter)


245 Summer St., Boston, Massachusetts 02210

 (Address of principal executive offices)       (Zip code)


Nicole Macarchuk, Secretary

245 Summer St.

Boston, Massachusetts  02210

(Name and address of agent for service)



Registrant's telephone number, including area code:

617-563-7000



Date of fiscal year end:

January 31

 

 

Date of reporting period:

January 31, 2026




Item 1.

Reports to Stockholders




 
 
ANNUAL SHAREHOLDER REPORT | AS OF JANUARY 31, 2026
 
 
Fidelity® New York Municipal Income Fund
Fidelity® New York Municipal Income Fund :  FTFMX 
 
 
 
 
This annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to January 31, 2026. You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-544-8544 or by sending an e-mail to fidfunddocuments@fidelity.com.
 
What were your Fund costs for the last year?
(based on hypothetical $10,000 investment)
 
FUND COST (PREVIOUS YEAR)
 
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
 
Fidelity® New York Municipal Income Fund 
$ 46 
0.45%
 
What affected the Fund's performance this period?
 
U.S. tax-exempt municipal bonds notched a strong gain for the 12 months ending January 31, 2026, bolstered by a second-half rally driven by three policy interest-rate cuts by the Federal Reserve since September, moderating muni supply and firming investor demand. 
Against this backdrop, the fund's overweight in bonds that benefited from spread tightening contributed to performance versus the Bloomberg New York 4+ Year Enhanced Municipal Bond Index for the fiscal year. 
The fund's "carry" advantage, meaning the higher earned income of its holdings versus the state index, also boosted relative performance.
Yield-curve positioning, meaning how the fund's investments were allocated across bonds with various maturities, modestly contributed as well, helped by an underweight in longer-term bonds.
In contrast, exposure to bonds issued by Wagner College, which were under pressure due to the college's declining operating performance, detracted versus the index. 
During the year, the portfolio management team reduced the fund's holdings among 20+-year bonds and lower-quality securities, and also pared back exposure to the health care and higher education sectors.
How did the Fund perform over the past 10 years?
  
CUMULATIVE PERFORMANCE
January 31, 2016 through January 31, 2026.
Initial investment of $10,000.
Fidelity® New York Municipal Income Fund
$10,000
$9,948
$10,283
$10,541
$11,483
$11,836
$11,691
$11,171
$11,592
$11,824
$12,363
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
$10,000
$9,960
$10,327
$10,657
$11,629
$12,055
$11,835
$11,393
$11,784
$11,992
$12,499
Bloomberg Municipal Bond Index
$10,000
$9,972
$10,323
$10,660
$11,582
$12,047
$11,820
$11,435
$11,767
$12,012
$12,577
 
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
 
 
 
AVERAGE ANNUAL TOTAL RETURNS:
 
1 Year
5 Year
10 Year
Fidelity® New York Municipal Income Fund
4.56%
0.88%
2.14%
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
4.23%
0.72%
2.26%
Bloomberg Municipal Bond Index
4.70%
0.86%
2.32%
 
 
Visit www.fidelity.com for more recent performance information. 
 
The Fund's past performance is not a good predictor of the Fund's future performance.  The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key Fund Statistics
(as of January 31, 2026)
 
KEY FACTS
 
 
 
Fund Size
$1,332,609,015
 
Number of Holdings
449
 
Total Advisory Fee
$5,386,495
 
Portfolio Turnover
16%
 
What did the Fund invest in?
(as of January 31, 2026)
 
REVENUE SOURCES
(% of Fund's net assets)
Transportation
26.3
 
Special Tax
22.8
 
General Obligations
16.9
 
Health Care
9.0
 
Education
6.9
 
Housing
6.9
 
Others(Individually Less Than 5%)
7.4
 
96.2
 
 
 
AAA
1.7
AA
58.3
A
21.7
BBB
10.9
BB
0.7
B
1.2
Not Rated
1.7
Short-Term Investments and Net Other Assets (Liabilities)
3.8
QUALITY DIVERSIFICATION (% of Fund's net assets)
 
 
AAA - 1.7                               
 
AA - 58.3                               
 
A - 21.7                                
 
BBB - 10.9                              
 
BB - 0.7                                
 
B - 1.2                                 
 
Not Rated - 1.7                         
 
Short-Term Investments and Net Other Assets (Liabilities) - 3.8
 
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.
 
 
 
 
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2026 FMR LLC. All rights reserved.
 
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9912623.101    71-TSRA-0426    
 
 
 
ANNUAL SHAREHOLDER REPORT | AS OF JANUARY 31, 2026
 
 
Fidelity® New York Municipal Income Fund
Fidelity Advisor® New York Municipal Income Fund Class Z :  FIJAX 
 
 
 
 
This annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to January 31, 2026. You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.
 
What were your Fund costs for the last year?
(based on hypothetical $10,000 investment)
 
FUND COST (PREVIOUS YEAR)
 
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
 
Class Z 
$ 43 
0.42%
 
What affected the Fund's performance this period?
 
U.S. tax-exempt municipal bonds notched a strong gain for the 12 months ending January 31, 2026, bolstered by a second-half rally driven by three policy interest-rate cuts by the Federal Reserve since September, moderating muni supply and firming investor demand. 
Against this backdrop, the fund's overweight in bonds that benefited from spread tightening contributed to performance versus the Bloomberg New York 4+ Year Enhanced Municipal Bond Index for the fiscal year. 
The fund's "carry" advantage, meaning the higher earned income of its holdings versus the state index, also boosted relative performance.
Yield-curve positioning, meaning how the fund's investments were allocated across bonds with various maturities, modestly contributed as well, helped by an underweight in longer-term bonds.
In contrast, exposure to bonds issued by Wagner College, which were under pressure due to the college's declining operating performance, detracted versus the index. 
During the year, the portfolio management team reduced the fund's holdings among 20+-year bonds and lower-quality securities, and also pared back exposure to the health care and higher education sectors.
How did the Fund perform over the life of Fund?
  
CUMULATIVE PERFORMANCE
October 2, 2018 through January 31, 2026.
Initial investment of $10,000.
Class Z
$10,000
$10,260
$11,172
$11,527
$11,381
$10,877
$11,291
$11,520
$12,059
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
$10,000
$10,263
$11,200
$11,610
$11,398
$10,972
$11,349
$11,549
$12,037
Bloomberg Municipal Bond Index
$10,000
$10,244
$11,130
$11,577
$11,358
$10,989
$11,308
$11,543
$12,086
 
2018
2019
2020
2021
2022
2023
2024
2025
2026
 
 
 
AVERAGE ANNUAL TOTAL RETURNS:
 
1 Year
5 Year
Life of Fund A
Class Z
4.67%
0.91%
2.58%
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
4.23%
0.72%
2.56%
Bloomberg Municipal Bond Index
4.70%
0.86%
2.62%
A   From October 2, 2018
 
Visit institutional.fidelity.com for more recent performance information. 
 
The Fund's past performance is not a good predictor of the Fund's future performance.  The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key Fund Statistics
(as of January 31, 2026)
 
KEY FACTS
 
 
 
Fund Size
$1,332,609,015
 
Number of Holdings
449
 
Total Advisory Fee
$5,386,495
 
Portfolio Turnover
16%
 
What did the Fund invest in?
(as of January 31, 2026)
 
REVENUE SOURCES
(% of Fund's net assets)
Transportation
26.3
 
Special Tax
22.8
 
General Obligations
16.9
 
Health Care
9.0
 
Education
6.9
 
Housing
6.9
 
Others(Individually Less Than 5%)
7.4
 
96.2
 
 
 
AAA
1.7
AA
58.3
A
21.7
BBB
10.9
BB
0.7
B
1.2
Not Rated
1.7
Short-Term Investments and Net Other Assets (Liabilities)
3.8
QUALITY DIVERSIFICATION (% of Fund's net assets)
 
 
AAA - 1.7                               
 
AA - 58.3                               
 
A - 21.7                                
 
BBB - 10.9                              
 
BB - 0.7                                
 
B - 1.2                                 
 
Not Rated - 1.7                         
 
Short-Term Investments and Net Other Assets (Liabilities) - 3.8
 
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.
 
 
 
 
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2026 FMR LLC. All rights reserved.
 
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9912622.101    3232-TSRA-0426    
 
 
 
ANNUAL SHAREHOLDER REPORT | AS OF JANUARY 31, 2026
 
 
Fidelity® New York Municipal Income Fund
Fidelity Advisor® New York Municipal Income Fund Class M :  FNYPX 
 
 
 
 
This annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to January 31, 2026. You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.
 
What were your Fund costs for the last year?
(based on hypothetical $10,000 investment)
 
FUND COST (PREVIOUS YEAR)
 
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
 
Class M 
$ 73 
0.72%
 
What affected the Fund's performance this period?
 
U.S. tax-exempt municipal bonds notched a strong gain for the 12 months ending January 31, 2026, bolstered by a second-half rally driven by three policy interest-rate cuts by the Federal Reserve since September, moderating muni supply and firming investor demand. 
Against this backdrop, the fund's overweight in bonds that benefited from spread tightening contributed to performance versus the Bloomberg New York 4+ Year Enhanced Municipal Bond Index for the fiscal year. 
The fund's "carry" advantage, meaning the higher earned income of its holdings versus the state index, also boosted relative performance.
Yield-curve positioning, meaning how the fund's investments were allocated across bonds with various maturities, modestly contributed as well, helped by an underweight in longer-term bonds.
In contrast, exposure to bonds issued by Wagner College, which were under pressure due to the college's declining operating performance, detracted versus the index. 
During the year, the portfolio management team reduced the fund's holdings among 20+-year bonds and lower-quality securities, and also pared back exposure to the health care and higher education sectors.
How did the Fund perform over the past 10 years?
  
CUMULATIVE PERFORMANCE
January 31, 2016 through January 31, 2026.
Initial investment of $10,000 and the current sales charge was paid.
Class M
$9,600
$9,524
$9,811
$10,036
$10,901
$11,204
$11,036
$10,510
$10,878
$11,066
$11,548
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
$10,000
$9,960
$10,327
$10,657
$11,629
$12,055
$11,835
$11,393
$11,784
$11,992
$12,499
Bloomberg Municipal Bond Index
$10,000
$9,972
$10,323
$10,660
$11,582
$12,047
$11,820
$11,435
$11,767
$12,012
$12,577
 
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
 
 
 
AVERAGE ANNUAL TOTAL RETURNS:
 
1 Year
5 Year
10 Year
Class M (incl. 4.00% sales charge)  
0.19%
-0.21%
1.45%
Class M (without 4.00% sales charge)
4.36%
0.61%
1.86%
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
4.23%
0.72%
2.26%
Bloomberg Municipal Bond Index
4.70%
0.86%
2.32%
 
 
Visit institutional.fidelity.com for more recent performance information. 
 
The Fund's past performance is not a good predictor of the Fund's future performance.  The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key Fund Statistics
(as of January 31, 2026)
 
KEY FACTS
 
 
 
Fund Size
$1,332,609,015
 
Number of Holdings
449
 
Total Advisory Fee
$5,386,495
 
Portfolio Turnover
16%
 
What did the Fund invest in?
(as of January 31, 2026)
 
REVENUE SOURCES
(% of Fund's net assets)
Transportation
26.3
 
Special Tax
22.8
 
General Obligations
16.9
 
Health Care
9.0
 
Education
6.9
 
Housing
6.9
 
Others(Individually Less Than 5%)
7.4
 
96.2
 
 
 
AAA
1.7
AA
58.3
A
21.7
BBB
10.9
BB
0.7
B
1.2
Not Rated
1.7
Short-Term Investments and Net Other Assets (Liabilities)
3.8
QUALITY DIVERSIFICATION (% of Fund's net assets)
 
 
AAA - 1.7                               
 
AA - 58.3                               
 
A - 21.7                                
 
BBB - 10.9                              
 
BB - 0.7                                
 
B - 1.2                                 
 
Not Rated - 1.7                         
 
Short-Term Investments and Net Other Assets (Liabilities) - 3.8
 
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.
 
 
 
 
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2026 FMR LLC. All rights reserved.
 
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9912620.101    1108-TSRA-0426    
 
 
 
ANNUAL SHAREHOLDER REPORT | AS OF JANUARY 31, 2026
 
 
Fidelity® New York Municipal Income Fund
Fidelity Advisor® New York Municipal Income Fund Class I :  FEMIX 
 
 
 
 
This annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to January 31, 2026. You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.
 
What were your Fund costs for the last year?
(based on hypothetical $10,000 investment)
 
FUND COST (PREVIOUS YEAR)
 
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
 
Class I 
$ 54 
0.53%
 
What affected the Fund's performance this period?
 
U.S. tax-exempt municipal bonds notched a strong gain for the 12 months ending January 31, 2026, bolstered by a second-half rally driven by three policy interest-rate cuts by the Federal Reserve since September, moderating muni supply and firming investor demand. 
Against this backdrop, the fund's overweight in bonds that benefited from spread tightening contributed to performance versus the Bloomberg New York 4+ Year Enhanced Municipal Bond Index for the fiscal year. 
The fund's "carry" advantage, meaning the higher earned income of its holdings versus the state index, also boosted relative performance.
Yield-curve positioning, meaning how the fund's investments were allocated across bonds with various maturities, modestly contributed as well, helped by an underweight in longer-term bonds.
In contrast, exposure to bonds issued by Wagner College, which were under pressure due to the college's declining operating performance, detracted versus the index. 
During the year, the portfolio management team reduced the fund's holdings among 20+-year bonds and lower-quality securities, and also pared back exposure to the health care and higher education sectors.
How did the Fund perform over the past 10 years?
  
CUMULATIVE PERFORMANCE
January 31, 2016 through January 31, 2026.
Initial investment of $10,000.
Class I
$10,000
$9,941
$10,259
$10,516
$11,441
$11,792
$11,629
$11,102
$11,512
$11,733
$12,268
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
$10,000
$9,960
$10,327
$10,657
$11,629
$12,055
$11,835
$11,393
$11,784
$11,992
$12,499
Bloomberg Municipal Bond Index
$10,000
$9,972
$10,323
$10,660
$11,582
$12,047
$11,820
$11,435
$11,767
$12,012
$12,577
 
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
 
 
 
AVERAGE ANNUAL TOTAL RETURNS:
 
1 Year
5 Year
10 Year
Class I
4.56%
0.79%
2.06%
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
4.23%
0.72%
2.26%
Bloomberg Municipal Bond Index
4.70%
0.86%
2.32%
 
 
Visit institutional.fidelity.com for more recent performance information. 
 
The Fund's past performance is not a good predictor of the Fund's future performance.  The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key Fund Statistics
(as of January 31, 2026)
 
KEY FACTS
 
 
 
Fund Size
$1,332,609,015
 
Number of Holdings
449
 
Total Advisory Fee
$5,386,495
 
Portfolio Turnover
16%
 
What did the Fund invest in?
(as of January 31, 2026)
 
REVENUE SOURCES
(% of Fund's net assets)
Transportation
26.3
 
Special Tax
22.8
 
General Obligations
16.9
 
Health Care
9.0
 
Education
6.9
 
Housing
6.9
 
Others(Individually Less Than 5%)
7.4
 
96.2
 
 
 
AAA
1.7
AA
58.3
A
21.7
BBB
10.9
BB
0.7
B
1.2
Not Rated
1.7
Short-Term Investments and Net Other Assets (Liabilities)
3.8
QUALITY DIVERSIFICATION (% of Fund's net assets)
 
 
AAA - 1.7                               
 
AA - 58.3                               
 
A - 21.7                                
 
BBB - 10.9                              
 
BB - 0.7                                
 
B - 1.2                                 
 
Not Rated - 1.7                         
 
Short-Term Investments and Net Other Assets (Liabilities) - 3.8
 
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.
 
 
 
 
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2026 FMR LLC. All rights reserved.
 
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9912621.101    1109-TSRA-0426    
 
 
 
ANNUAL SHAREHOLDER REPORT | AS OF JANUARY 31, 2026
 
 
Fidelity® New York Municipal Income Fund
Fidelity Advisor® New York Municipal Income Fund Class C :  FNYCX 
 
 
 
 
This annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to January 31, 2026. You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.
 
What were your Fund costs for the last year?
(based on hypothetical $10,000 investment)
 
FUND COST (PREVIOUS YEAR)
 
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
 
Class C 
$ 148 
1.46%
 
What affected the Fund's performance this period?
 
U.S. tax-exempt municipal bonds notched a strong gain for the 12 months ending January 31, 2026, bolstered by a second-half rally driven by three policy interest-rate cuts by the Federal Reserve since September, moderating muni supply and firming investor demand. 
Against this backdrop, the fund's overweight in bonds that benefited from spread tightening contributed to performance versus the Bloomberg New York 4+ Year Enhanced Municipal Bond Index for the fiscal year. 
The fund's "carry" advantage, meaning the higher earned income of its holdings versus the state index, also boosted relative performance.
Yield-curve positioning, meaning how the fund's investments were allocated across bonds with various maturities, modestly contributed as well, helped by an underweight in longer-term bonds.
In contrast, exposure to bonds issued by Wagner College, which were under pressure due to the college's declining operating performance, detracted versus the index. 
During the year, the portfolio management team reduced the fund's holdings among 20+-year bonds and lower-quality securities, and also pared back exposure to the health care and higher education sectors.
How did the Fund perform over the past 10 years?
  
CUMULATIVE PERFORMANCE
January 31, 2016 through January 31, 2026.
Initial investment of $10,000.
Class C
$10,000
$9,842
$10,056
$10,206
$10,994
$11,222
$10,961
$10,367
$10,649
$10,829
$11,296
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
$10,000
$9,960
$10,327
$10,657
$11,629
$12,055
$11,835
$11,393
$11,784
$11,992
$12,499
Bloomberg Municipal Bond Index
$10,000
$9,972
$10,323
$10,660
$11,582
$12,047
$11,820
$11,435
$11,767
$12,012
$12,577
 
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
 
 
 
AVERAGE ANNUAL TOTAL RETURNS:
 
1 Year
5 Year
10 Year
Class C  (incl. contingent deferred sales charge)
2.59%
-0.15%
1.23%
Class C
3.59%
-0.15%
1.23%
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
4.23%
0.72%
2.26%
Bloomberg Municipal Bond Index
4.70%
0.86%
2.32%
 
 
Visit institutional.fidelity.com for more recent performance information. 
 
The Fund's past performance is not a good predictor of the Fund's future performance.  The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key Fund Statistics
(as of January 31, 2026)
 
KEY FACTS
 
 
 
Fund Size
$1,332,609,015
 
Number of Holdings
449
 
Total Advisory Fee
$5,386,495
 
Portfolio Turnover
16%
 
What did the Fund invest in?
(as of January 31, 2026)
 
REVENUE SOURCES
(% of Fund's net assets)
Transportation
26.3
 
Special Tax
22.8
 
General Obligations
16.9
 
Health Care
9.0
 
Education
6.9
 
Housing
6.9
 
Others(Individually Less Than 5%)
7.4
 
96.2
 
 
 
AAA
1.7
AA
58.3
A
21.7
BBB
10.9
BB
0.7
B
1.2
Not Rated
1.7
Short-Term Investments and Net Other Assets (Liabilities)
3.8
QUALITY DIVERSIFICATION (% of Fund's net assets)
 
 
AAA - 1.7                               
 
AA - 58.3                               
 
A - 21.7                                
 
BBB - 10.9                              
 
BB - 0.7                                
 
B - 1.2                                 
 
Not Rated - 1.7                         
 
Short-Term Investments and Net Other Assets (Liabilities) - 3.8
 
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.
 
 
 
 
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2026 FMR LLC. All rights reserved.
 
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9912619.101    1107-TSRA-0426    
 
 
 
ANNUAL SHAREHOLDER REPORT | AS OF JANUARY 31, 2026
 
 
Fidelity® New York Municipal Income Fund
Fidelity Advisor® New York Municipal Income Fund Class A :  FNMAX 
 
 
 
 
This annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to January 31, 2026. You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.
 
What were your Fund costs for the last year?
(based on hypothetical $10,000 investment)
 
FUND COST (PREVIOUS YEAR)
 
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
 
Class A 
$ 77 
0.76%
 
What affected the Fund's performance this period?
 
U.S. tax-exempt municipal bonds notched a strong gain for the 12 months ending January 31, 2026, bolstered by a second-half rally driven by three policy interest-rate cuts by the Federal Reserve since September, moderating muni supply and firming investor demand. 
Against this backdrop, the fund's overweight in bonds that benefited from spread tightening contributed to performance versus the Bloomberg New York 4+ Year Enhanced Municipal Bond Index for the fiscal year. 
The fund's "carry" advantage, meaning the higher earned income of its holdings versus the state index, also boosted relative performance.
Yield-curve positioning, meaning how the fund's investments were allocated across bonds with various maturities, modestly contributed as well, helped by an underweight in longer-term bonds.
In contrast, exposure to bonds issued by Wagner College, which were under pressure due to the college's declining operating performance, detracted versus the index. 
During the year, the portfolio management team reduced the fund's holdings among 20+-year bonds and lower-quality securities, and also pared back exposure to the health care and higher education sectors.
How did the Fund perform over the past 10 years?
  
CUMULATIVE PERFORMANCE
January 31, 2016 through January 31, 2026.
Initial investment of $10,000 and the current sales charge was paid.
Class A
$9,600
$9,519
$9,800
$10,020
$10,872
$11,178
$10,998
$10,475
$10,836
$11,019
$11,495
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
$10,000
$9,960
$10,327
$10,657
$11,629
$12,055
$11,835
$11,393
$11,784
$11,992
$12,499
Bloomberg Municipal Bond Index
$10,000
$9,972
$10,323
$10,660
$11,582
$12,047
$11,820
$11,435
$11,767
$12,012
$12,577
 
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
 
 
 
AVERAGE ANNUAL TOTAL RETURNS:
 
1 Year
5 Year
10 Year
Class A (incl. 4.00% sales charge)  
0.15%
-0.26%
1.40%
Class A (without 4.00% sales charge)
4.32%
0.56%
1.82%
Bloomberg New York 4+ Year Enhanced Municipal Bond Index
4.23%
0.72%
2.26%
Bloomberg Municipal Bond Index
4.70%
0.86%
2.32%
 
 
Visit institutional.fidelity.com for more recent performance information. 
 
The Fund's past performance is not a good predictor of the Fund's future performance.  The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key Fund Statistics
(as of January 31, 2026)
 
KEY FACTS
 
 
 
Fund Size
$1,332,609,015
 
Number of Holdings
449
 
Total Advisory Fee
$5,386,495
 
Portfolio Turnover
16%
 
What did the Fund invest in?
(as of January 31, 2026)
 
REVENUE SOURCES
(% of Fund's net assets)
Transportation
26.3
 
Special Tax
22.8
 
General Obligations
16.9
 
Health Care
9.0
 
Education
6.9
 
Housing
6.9
 
Others(Individually Less Than 5%)
7.4
 
96.2
 
 
 
AAA
1.7
AA
58.3
A
21.7
BBB
10.9
BB
0.7
B
1.2
Not Rated
1.7
Short-Term Investments and Net Other Assets (Liabilities)
3.8
QUALITY DIVERSIFICATION (% of Fund's net assets)
 
 
AAA - 1.7                               
 
AA - 58.3                               
 
A - 21.7                                
 
BBB - 10.9                              
 
BB - 0.7                                
 
B - 1.2                                 
 
Not Rated - 1.7                         
 
Short-Term Investments and Net Other Assets (Liabilities) - 3.8
 
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.
 
 
 
 
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2026 FMR LLC. All rights reserved.
 
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9912618.101    1105-TSRA-0426    
 

Item 2.

Code of Ethics


As of the end of the period, January 31, 2026, Fidelity New York Municipal Trust (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer.  A copy of the code of ethics is filed as an exhibit to this Form N-CSR.


Item 3.

Audit Committee Financial Expert


The Board of Trustees of the trust has determined that Laura M. Bishop is an audit committee financial expert, as defined in Item 3 of Form N-CSR.  Ms. Bishop is independent for purposes of Item 3 of Form N-CSR.  



Item 4.  

Principal Accountant Fees and Services


Fees and Services


The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte Entities”) in each of the last two fiscal years for services rendered to Fidelity New York Municipal Income Fund (the “Fund”):



Services Billed by Deloitte Entities


January 31, 2026 FeesA

 

Audit Fees

Audit-Related Fees

Tax Fees

All Other Fees

Fidelity New York Municipal Income Fund

$45,300  

$-

$7,700

$400




January 31, 2025 FeesA

 

Audit Fees

Audit-Related Fees

Tax Fees

All Other Fees

Fidelity New York Municipal Income Fund

$45,300  

$-

$8,300

$1,000



A Amounts may reflect rounding.


The following table(s) present(s) fees billed by Deloitte Entities that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):



Services Billed by Deloitte Entities



 

January 31, 2026A

January 31, 2025A

Audit-Related Fees

$154,800

$125,000

Tax Fees

$-

$-

All Other Fees

$1,520,400

$2,444,500


A Amounts may reflect rounding.


“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.


“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.


“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.  


Assurance services must be performed by an independent public accountant.


* * *


The aggregate non-audit fees billed by Deloitte Entities for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:





Billed By

January 31, 2026A

January 31, 2025A

Deloitte Entities

$4,270,700

$2,805,100


A Amounts may reflect rounding.


The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.


Audit Committee Pre-Approval Policies and Procedures

 

The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.


The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.


All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.


Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.


Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)


There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).

The Registrant has not retained, for the preparation of the audit report on the financial statements included in the Form N-CSR, a registered public accounting firm that has a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (the “PCAOB”) has determined that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.

The Registrant is not a “foreign issuer,” as defined in 17 CFR 240.3b-4.


Item 5.

Audit Committee of Listed Registrants


Not applicable.


Item 6.  

Investments


(a)

Not applicable.


(b)

Not applicable.


Item 7.

Financial Statements and Financial Highlights for Open-End Management Investment Companies




Fidelity® New York Municipal Income Fund
 
 
 
 
Annual Report
January 31, 2026
Includes Fidelity and Fidelity Advisor share classes

Contents

Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Annual Report)

Fidelity® New York Municipal Income Fund

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Distributions

Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies

Item 9: Proxy Disclosures for Open-End Management Investment Companies

Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies

Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.
You may also call 1-800-544-8544 if you're an individual investing directly with Fidelity, call 1-800-835-5092 if you're a plan sponsor or participant with Fidelity as your recordkeeper or call 1-877-208-0098 on institutional accounts or if you're an advisor or invest through one to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third-party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2026 FMR LLC. All rights reserved.
 
This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.
For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE
Neither the Fund nor Fidelity Distributors Corporation is a bank.
Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Annual Report)
Fidelity® New York Municipal Income Fund
Schedule of Investments January 31, 2026
Showing Percentage of Net Assets   
Municipal Securities - 96.2%
 
 
Principal
Amount (a)
 
Value ($)
 
Guam - 0.1%
 
 
 
Water & Sewer - 0.1%
 
 
 
Guam Govt Wtrwks Auth Wtr & Wst Rev Series 2025A, 5.25% 7/1/2041
 
1,055,000
1,148,345
Guam Govt Wtrwks Auth Wtr & Wst Rev Series 2025A, 5.25% 7/1/2042
 
1,000,000
1,077,936
TOTAL GUAM
 
 
2,226,281
New Jersey,New York - 10.2%
 
 
 
Transportation - 10.2%
 
 
 
Port Auth NY & NJ 4% 7/15/2036 (b)
 
3,000,000
3,065,376
Port Auth NY & NJ 4% 7/15/2038 (b)
 
1,000,000
1,010,541
Port Auth NY & NJ 4% 7/15/2040 (b)
 
2,000,000
2,001,196
Port Auth NY & NJ 4% 7/15/2045 (b)
 
8,000,000
7,306,380
Port Auth NY & NJ 4% 7/15/2050 (b)
 
2,900,000
2,545,667
Port Auth NY & NJ 5% 10/15/2034 (b)
 
9,640,000
10,992,544
Port Auth NY & NJ 5% 10/15/2035 (b)
 
3,000,000
3,424,186
Port Auth NY & NJ 5% 7/15/2032 (b)
 
1,500,000
1,621,956
Port Auth NY & NJ 5.375% 3/1/2028
 
2,465,000
2,564,465
Port Auth NY & NJ Series 202, 5% 10/15/2036 (b)
 
5,455,000
5,558,410
Port Auth NY & NJ Series 218, 4% 11/1/2047 (b)
 
11,280,000
10,058,905
Port Auth NY & NJ Series 218, 5% 11/1/2044 (b)
 
5,080,000
5,217,978
Port Auth NY & NJ Series 223, 5% 7/15/2056 (b)
 
8,850,000
9,076,881
Port Auth NY & NJ Series 224, 5% 7/15/2056
 
6,795,000
7,015,663
Port Auth NY & NJ Series 227, 2% 10/1/2031 (b)
 
6,295,000
5,719,552
Port Auth NY & NJ Series 227, 2% 10/1/2033 (b)
 
1,590,000
1,385,232
Port Auth NY & NJ Series 227, 2% 10/1/2034 (b)
 
4,380,000
3,738,896
Port Auth NY & NJ Series 234, 5% 8/1/2038 (b)
 
1,750,000
1,902,422
Port Auth NY & NJ Series 234, 5% 8/1/2039 (b)
 
1,500,000
1,622,103
Port Auth NY & NJ Series 234, 5.25% 8/1/2040 (b)
 
2,000,000
2,180,482
Port Auth NY & NJ Series 238, 5% 7/15/2035 (b)
 
8,475,000
9,525,890
Port Auth NY & NJ Series 238, 5% 7/15/2036 (b)
 
8,070,000
8,996,454
Port Auth NY & NJ Series 238, 5% 7/15/2037 (b)
 
4,235,000
4,677,405
Port Auth NY & NJ Series 238, 5% 7/15/2038 (b)
 
3,035,000
3,326,897
Port Auth NY & NJ Series TWO HUNDRED EIGHTEEN, 5% 11/1/2030 (b)
 
1,130,000
1,219,410
Port Auth NY & NJ Series TWO HUNDRED EIGHTEEN, 5% 11/1/2036 (b)
 
4,820,000
5,101,636
Port Auth NY & NJ Series TWO HUNDRED FOURTEEN, 4% 9/1/2037 (b)
 
4,000,000
4,046,944
Port Auth NY & NJ Series TWO HUNDRED FOURTEEN, 4% 9/1/2039 (b)
 
1,920,000
1,926,984
Port Auth NY & NJ Series TWO HUNDRED FOURTEEN, 4% 9/1/2043 (b)
 
6,500,000
6,129,698
Port Auth NY & NJ Series TWO HUNDRED FOURTEEN, 5% 9/1/2033 (b)
 
2,005,000
2,140,067
Port Auth NY & NJ Series TWO HUNDREDSEVENTEEN, 5% 11/1/2044
 
1,000,000
1,034,874
TOTAL NEW JERSEY,NEW YORK
 
 
136,135,094
New York - 84.6%
 
 
 
Education - 6.9%
 
 
 
Build NYC Resource Corp (Nightingale Bamford School Proj.) Series 2025, 5% 7/1/2040
 
5,500,000
6,109,285
Dutchess Cnty NY Loc Dev Corp Rev (Culinary Institute of America Proj.) 5% 7/1/2026
 
850,000
857,959
Dutchess Cnty NY Loc Dev Corp Rev (Culinary Institute of America Proj.) 5% 7/1/2035
 
855,000
885,386
Hempstead Town NY Local Dev Corp Rev (Adelphi University NY Proj.) 5% 6/1/2026
 
550,000
554,174
Hempstead Town NY Local Dev Corp Rev (Adelphi University NY Proj.) 5% 6/1/2028
 
155,000
162,723
Hempstead Town NY Local Dev Corp Rev (Adelphi University NY Proj.) 5% 6/1/2030
 
200,000
217,912
Hempstead Town NY Local Dev Corp Rev (Adelphi University NY Proj.) 5% 6/1/2032
 
200,000
221,332
Hempstead Town NY Local Dev Corp Rev (Hofstra Univ, NY Proj.) Series 2021 A, 3% 7/1/2051
 
14,635,000
10,427,493
Hempstead Town NY Local Dev Corp Rev (Molloy College Proj.) 5% 7/1/2032
 
740,000
757,522
Hempstead Town NY Local Dev Corp Rev (Molloy College Proj.) 5% 7/1/2033
 
475,000
485,431
New York St Dorm Auth Revs (New York Univ, NY Proj.) 5.5% 7/1/2040 (Ambac Assurance Corp Insured)
 
3,000,000
3,548,939
New York St Dorm Auth Revs Non St Supportd Debt (Fordham University Proj.) Series 2017, 5% 7/1/2032
 
1,500,000
1,546,267
New York St Dorm Auth Revs Non St Supportd Debt (New School (The) Proj.) 5% 7/1/2041
 
2,500,000
2,520,263
New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 4% 7/1/2049
 
2,500,000
2,187,461
New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2035
 
1,425,000
1,539,165
New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2036
 
1,495,000
1,606,659
New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2037
 
785,000
839,986
New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2038
 
500,000
532,462
New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2039
 
865,000
917,757
New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2040
 
915,000
966,062
New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2041
 
830,000
872,045
New York St Dorm Auth Revs Non St Supported Debt (Brooklyn Law School NY Proj.) Series 2019 A, 5% 7/1/2033
 
5,800,000
6,078,630
New York St Dorm Auth Revs Non St Supported Debt (New York Univ, NY Proj.) Series 2019A, 5% 7/1/2038
 
3,440,000
3,657,253
New York St Dorm Auth Revs Non St Supported Debt (New York Univ, NY Proj.) Series 2021 A, 3% 7/1/2041
 
1,000,000
892,958
New York St Dorm Auth Revs Non St Supported Debt (Rochester N Y Inst Technology Proj.) Series 2020 A, 5% 7/1/2040
 
1,265,000
1,327,233
New York St Dorm Auth Revs Non St Supported Debt (St Johns Univ, NY Proj.) 4% 7/1/2048
 
4,000,000
3,447,223
New York St Dorm Auth Revs Non St Supported Debt (Teachers College, Columbia Uni Versity Proj.) 4% 7/1/2046
 
4,625,000
4,287,908
New York St Dorm Auth Revs Non St Supported Debt (Wagner College, NY Proj.) 5% 7/1/2035
 
1,095,000
1,044,778
New York St Dorm Auth Revs Non St Supported Debt (Wagner College, NY Proj.) 5% 7/1/2047
 
5,625,000
4,725,204
New York St Dorm Auth Revs Non St Supported Debt (Yeshiva University Proj.) 5% 7/15/2037
 
6,500,000
6,841,375
New York State Dormitory Authority (Fordham University Proj.) Series 2016 A, 5% 7/1/2033
 
800,000
806,690
New York State Dormitory Authority (Fordham University Proj.) Series 2016 A, 5% 7/1/2034
 
650,000
655,250
New York State Dormitory Authority (Fordham University Proj.) Series 2016 A, 5% 7/1/2035
 
500,000
503,482
NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025 B, 5% 7/1/2038
 
3,110,000
3,565,203
NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025 B, 5% 7/1/2039
 
1,800,000
2,047,229
NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025 B, 5% 7/1/2040
 
1,000,000
1,125,317
NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5% 7/1/2038
 
850,000
974,412
NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5% 7/1/2039
 
1,125,000
1,280,495
NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5% 7/1/2043
 
350,000
381,710
NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5% 7/1/2044
 
1,000,000
1,081,020
NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5% 7/1/2045
 
525,000
559,795
NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5.25% 7/1/2050
 
1,500,000
1,600,051
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 4% 7/1/2036
 
425,000
427,509
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 4% 7/1/2037
 
275,000
275,195
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 4% 7/1/2038
 
510,000
504,932
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 4% 7/1/2039
 
650,000
637,662
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 4% 7/1/2040
 
600,000
577,318
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2027
 
815,000
834,031
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2028
 
855,000
891,370
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2031
 
340,000
364,069
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2032
 
265,000
282,341
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2033
 
300,000
317,945
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2034
 
300,000
317,078
Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2035
 
400,000
421,125
Onondaga NY Civic Dev Corp (Syracuse University, NY Proj.) 5% 12/1/2035
 
1,110,000
1,212,373
Saratoga Cnty NY Cap Resource Corp Rev (Skidmore College, NY Proj.) 4% 7/1/2050
 
1,500,000
1,350,761
TOTAL EDUCATION
 
 
93,053,208
Electric Utilities - 1.7%
 
 
 
Long Island Pwr Auth NY Elec 5% 9/1/2034
 
1,700,000
1,870,785
Long Island Pwr Auth NY Elec 5% 9/1/2035
 
1,200,000
1,312,949
Long Island Pwr Auth NY Elec 5% 9/1/2037
 
500,000
544,367
Long Island Pwr Auth NY Elec 5% 9/1/2038
 
1,450,000
1,571,053
Long Island Pwr Auth NY Elec 5% 9/1/2039
 
1,750,000
1,960,665
Long Island Pwr Auth NY Elec 5% 9/1/2040
 
1,915,000
2,127,349
Long Island Pwr Auth NY Elec 5% 9/1/2041
 
2,100,000
2,322,586
Long Island Pwr Auth NY Elec 5% 9/1/2042
 
2,375,000
2,598,999
Long Island Pwr Auth NY Elec Series 2022 A, 5% 9/1/2038
 
1,275,000
1,424,328
Long Island Pwr Auth NY Elec Series 2022 A, 5% 9/1/2039
 
1,375,000
1,521,250
Long Island Pwr Auth NY Elec Series 2022 A, 5% 9/1/2040
 
1,500,000
1,651,736
Long Island Pwr Auth NY Elec Series 2022 A, 5% 9/1/2041
 
1,375,000
1,500,189
Long Island Pwr Auth NY Elec Series 2022 A, 5% 9/1/2042
 
2,000,000
2,153,879
TOTAL ELECTRIC UTILITIES
 
 
22,560,135
Escrowed/Pre-Refunded - 0.0%
 
 
 
New York St Dorm Auth Sales Tax Rev St Supported 5% 3/15/2048 (Pre-refunded to 9/15/2028 at 100)
 
5,000
5,344
New York St Dorm Auth St Pers Income Tax Rev Series 2017 A, 5% 2/15/2037 (Pre-refunded to 2/15/2027 at 100)
 
5,000
5,129
TOTAL ESCROWED/PRE-REFUNDED
 
 
10,473
General Obligations - 16.3%
 
 
 
Alden NY Cent Sch Dist Series 2021, 2% 6/15/2036
 
465,000
384,561
Brighton Central School District 2.125% 6/15/2032
 
1,000,000
925,651
Bronxville Union Free School District Series 2019, 2% 9/15/2032
 
1,000,000
913,474
Build NYC Resource Corp (City of New York NY Proj.) 5% 12/1/2041
 
1,150,000
1,253,054
Build NYC Resource Corp (City of New York NY Proj.) 5.375% 12/1/2046
 
750,000
802,658
City of New York NY Gen. Oblig. 3% 3/1/2051 (Build America Mutual Assurance Co Insured)
 
5,825,000
4,289,596
City of New York NY Gen. Oblig. 4% 8/1/2034
 
3,250,000
3,390,585
City of New York NY Gen. Oblig. 5% 3/1/2043
 
1,500,000
1,577,209
City of New York NY Gen. Oblig. 5% 4/1/2030
 
4,490,000
4,969,337
City of New York NY Gen. Oblig. 5% 8/1/2030
 
11,250,000
12,535,570
City of New York NY Gen. Oblig. 5% 8/1/2047
 
18,895,000
19,418,553
City of New York NY Gen. Oblig. 5.5% 4/1/2046
 
1,790,000
1,928,957
City of New York NY Gen. Oblig. Series 2018 F 1, 3.375% 4/1/2038
 
1,055,000
1,042,467
City of New York NY Gen. Oblig. Series 2018 F 1, 5% 4/1/2045
 
8,485,000
8,633,700
City of New York NY Gen. Oblig. Series 2019   D1, 5% 12/1/2041
 
4,305,000
4,480,655
City of New York NY Gen. Oblig. Series 2023 SUB  F 1, 5% 8/1/2037
 
1,000,000
1,115,908
City of New York NY Gen. Oblig. Series 2026 SUB A 1, 5.5% 8/1/2050
 
10,500,000
11,296,427
City of New York NY Gen. Oblig. Series FISCAL 2020 D 1, 4% 3/1/2044
 
1,475,000
1,412,545
City of New York NY Gen. Oblig. Series FISCAL 2021F SUB F 1, 3% 3/1/2035
 
3,350,000
3,299,679
City of New York NY Gen. Oblig. Series FISCAL 2022D SUB D 1, 5.25% 5/1/2038
 
5,000,000
5,563,166
Corning NY City Sch Dist Tan Series 2021, 2% 6/15/2033
 
625,000
572,236
County of Onondaga NY Gen. Oblig. Series 2018, 3.375% 4/15/2036
 
1,020,000
1,020,091
County of Onondaga NY Gen. Oblig. Series 2020, 2% 10/15/2034
 
1,295,000
1,118,896
Enlarged City School District of the City of Troy 2% 6/1/2036 (Build America Mutual Assurance Co Insured)
 
1,240,000
1,021,791
Enlarged City School District of the City of Troy Series 2021, 2% 6/1/2034 (Build America Mutual Assurance Co Insured)
 
1,190,000
1,040,263
Enlarged City School District of the City of Troy Series 2021, 2% 6/1/2035 (Build America Mutual Assurance Co Insured)
 
1,215,000
1,031,426
Fallsburg NY Cent Sch Dist 2% 6/15/2034 (Build America Mutual Assurance Co Insured)
 
765,000
666,762
Farmingdale NY Ufsd 2% 9/15/2036
 
330,000
274,578
Islip NY Gen. Oblig. 2% 5/1/2033
 
345,000
310,439
Islip NY Gen. Oblig. 2% 5/1/2037
 
1,575,000
1,288,754
Kingston NY City Sch Dist Series 2021, 2% 6/15/2035
 
425,000
364,855
Mahopac NY Cent Scd 1.7% 6/1/2035
 
635,000
515,862
Massapequa NY Un Free Sch Dist 2% 10/1/2032
 
1,745,000
1,592,638
Massapequa NY Un Free Sch Dist 2% 10/1/2033
 
1,775,000
1,593,923
Mineola NY Gen. Oblig. Series 2021, 2% 1/15/2044
 
825,000
521,747
Mineola NY Gen. Oblig. Series 2021, 2% 1/15/2045
 
840,000
513,164
Mineola NY Gen. Oblig. Series 2021, 2% 1/15/2046
 
860,000
511,116
New Rochelle NY City Sch Dist 2% 6/15/2033
 
2,625,000
2,356,522
New Rochelle NY Gen. Oblig. 2% 2/15/2034
 
590,000
523,293
New York Energy Finance Development Corp Series 2025, 5% tender 7/1/2056 (Athene Annuity And Life Company Guaranteed) (f)
 
12,000,000
12,788,645
New York NY City Edl Constr Fd (City of New York NY Proj.) Series 2021 B, 5% 4/1/2052
 
5,610,000
5,702,591
New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series 2018 S 4A, 5.25% 7/15/2036
 
8,095,000
8,583,067
New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series 2019 S 1, 5% 7/15/2043
 
1,715,000
1,763,505
New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series FISCAL 2022 SUB S 1A, 3% 7/15/2039
 
1,690,000
1,548,060
New York NY City Transitional Fin Auth Rev Series FISCAL 2023B SUB B 1, 5.25% 11/1/2037
 
6,120,000
6,902,072
Niagara-Wheatfield NY Csd Series 2020, 2% 3/15/2034
 
620,000
542,370
North Hempstead NY Gen. Oblig. 2.9% 9/15/2033
 
850,000
835,525
NY St Dorm Auth Revs Non St Supported Debt (Ou Boces Proj.) Series 2025, 4.5% 8/15/2044
 
575,000
585,393
NY St Dorm Auth Revs Non St Supported Debt (Ou Boces Proj.) Series 2025, 5% 8/15/2041
 
3,075,000
3,404,202
NY St Dorm Auth Revs Non St Supported Debt (Ou Boces Proj.) Series 2025, 5% 8/15/2042
 
1,600,000
1,751,742
NY St Dorm Auth Revs Non St Supported Debt (Ou Boces Proj.) Series 2025, 5% 8/15/2043
 
1,550,000
1,681,114
Orange County NY Gen. Oblig. Series 2016 A, 2.25% 3/15/2033
 
250,000
232,168
Orange County NY Gen. Oblig. Series 2021 A, 2% 6/15/2029
 
250,000
240,991
Oyster Bay NY Gen. Oblig. Series 2021 A, 2% 3/1/2033 (Assured Guaranty Inc Insured)
 
225,000
204,226
Pearl River Union Free School District 2% 6/1/2036
 
650,000
544,727
Pelham NY Un Free Sch Dist 2% 11/1/2031
 
2,180,000
2,018,877
Pelham NY Un Free Sch Dist 2% 11/1/2032
 
1,445,000
1,313,037
Pelham NY Un Free Sch Dist 2% 11/1/2033
 
530,000
472,351
Pelham NY Un Free Sch Dist 2% 11/1/2034
 
2,015,000
1,759,753
Pelham NY Un Free Sch Dist 2% 11/1/2035
 
2,225,000
1,896,112
Port Chester-Rye NY 2% 6/1/2036
 
1,925,000
1,619,998
Port Chester-Rye NY Series 2020, 2% 6/1/2035
 
500,000
431,664
Rye Neck NY Un Free Sch Dist Series 2020, 2.25% 6/15/2042
 
450,000
322,154
Rye Neck NY Un Free Sch Dist Series 2020, 2.5% 6/15/2045
 
380,000
258,259
Rye Neck NY Un Free Sch Dist Series 2020, 2.5% 6/15/2046
 
225,000
149,162
Rye Neck NY Un Free Sch Dist Series 2020, 2.5% 6/15/2047
 
505,000
328,701
Rye Neck NY Un Free Sch Dist Series 2020, 2.5% 6/15/2048
 
415,000
266,103
Saratoga Cnty NY Gen. Oblig. Series 2016, 3.125% 7/15/2036
 
1,510,000
1,443,017
Schuylerville N Y Cent Sch Dist Series 2021, 2% 6/15/2036
 
965,000
810,719
Schuylerville N Y Cent Sch Dist Series 2021, 2% 6/15/2037
 
720,000
591,696
Stillwater NY Cent Sch Dist 2% 6/15/2033 (Build America Mutual Assurance Co Insured)
 
500,000
439,355
Suffolk Cnty NY Gen. Oblig. Series 2021 A, 2% 6/15/2033 (Build America Mutual Assurance Co Insured)
 
7,555,000
6,700,581
Suffolk Cnty NY Gen. Oblig. Series 2021 A, 2% 6/15/2034 (Build America Mutual Assurance Co Insured)
 
7,105,000
6,179,867
Suffolk Cnty NY Gen. Oblig. Series 2022 C, 4% 9/1/2036
 
2,000,000
2,100,619
Uniondale Uni Free Sch Dist NY 1.75% 5/1/2033
 
3,385,000
2,950,955
Uniondale Uni Free Sch Dist NY 1.75% 5/1/2034
 
3,810,000
3,214,437
Village of Dobbs Ferry NY Gen. Oblig. 2.65% 10/15/2033
 
325,000
309,675
Washingtonville NY Cent Sch Dist 0.05% 6/15/2039
 
400,000
228,270
Washingtonville NY Cent Sch Dist Series 2019, 0.05% 6/15/2035
 
650,000
457,434
Washingtonville NY Cent Sch Dist Series 2019, 0.05% 6/15/2036
 
800,000
535,916
Washingtonville NY Cent Sch Dist Series 2019, 0.05% 6/15/2037
 
950,000
603,537
Washingtonville NY Cent Sch Dist Series 2019, 0.05% 6/15/2038
 
950,000
572,252
Wellsville NY Cent Sch Dist Series 2021, 2% 6/15/2036
 
115,000
96,146
West Islip NY Un Free Sch Dist Series 2020, 2% 6/15/2032
 
2,880,000
2,636,780
Westchester Cnty NY Gen. Oblig. Series 2021 A, 2% 10/15/2032
 
3,990,000
3,692,437
Westchester Cnty NY Gen. Oblig. Series 2021 A, 2% 10/15/2033
 
570,000
517,408
Yonkers NY 2% 2/15/2041 (Assured Guaranty Inc Insured)
 
1,000,000
693,202
Yonkers NY Gen. Oblig. Series 2019A, 4% 5/1/2034 (Build America Mutual Assurance Co Insured)
 
1,500,000
1,565,892
Yonkers NY Gen. Oblig. Series 2019A, 5% 5/1/2033 (Build America Mutual Assurance Co Insured)
 
1,000,000
1,090,501
Yonkers NY Gen. Oblig. Series 2026 D, 5% 8/1/2029 (Assured Guaranty Inc Insured) (e)
 
800,000
873,087
Yonkers NY Gen. Oblig. Series 2026 D, 5% 8/1/2030 (Assured Guaranty Inc Insured) (e)
 
1,350,000
1,505,227
Yonkers NY Gen. Oblig. Series 2026 D, 5% 8/1/2031 (Assured Guaranty Inc Insured) (e)
 
1,350,000
1,534,036
Yonkers NY Gen. Oblig. Series 2026 D, 5% 8/1/2032 (Assured Guaranty Inc Insured) (e)
 
1,000,000
1,147,333
Yonkers NY Gen. Oblig. Series 2026 D, 5% 8/1/2033 (Assured Guaranty Inc Insured) (e)
 
1,000,000
1,163,557
Yonkers NY Gen. Oblig. Series 2026 D, 5% 8/1/2034 (Assured Guaranty Inc Insured) (e)
 
1,000,000
1,175,711
Yonkers NY Gen. Oblig. Series 2026A, 5% 2/1/2029 (Assured Guaranty Inc Insured) (e)
 
500,000
539,034
Yonkers NY Gen. Oblig. Series 2026A, 5% 2/1/2030 (Assured Guaranty Inc Insured) (e)
 
500,000
551,737
Yonkers NY Gen. Oblig. Series 2026A, 5% 2/1/2031 (Assured Guaranty Inc Insured) (e)
 
675,000
760,144
Yonkers NY Gen. Oblig. Series 2026A, 5% 2/1/2032 (Assured Guaranty Inc Insured) (e)
 
800,000
912,065
Yonkers NY Gen. Oblig. Series 2026A, 5% 2/1/2033 (Assured Guaranty Inc Insured) (e)
 
400,000
462,394
Yonkers NY Gen. Oblig. Series 2026A, 5% 2/1/2034 (Assured Guaranty Inc Insured) (e)
 
750,000
876,234
Yonkers NY Series 2021 B, 4% 2/15/2037
 
1,200,000
1,253,074
Yonkers NY Series 2026B, 5% 2/1/2029 (Assured Guaranty Inc Insured) (e)
 
275,000
296,469
Yonkers NY Series 2026B, 5% 2/1/2030 (Assured Guaranty Inc Insured) (e)
 
300,000
331,042
Yonkers NY Series 2026B, 5% 2/1/2031 (Assured Guaranty Inc Insured) (e)
 
250,000
281,534
Yonkers NY Series 2026B, 5% 2/1/2032 (Assured Guaranty Inc Insured) (e)
 
750,000
855,061
Yonkers NY Series 2026B, 5% 2/1/2033 (Assured Guaranty Inc Insured) (e)
 
275,000
317,896
Yonkers NY Series 2026B, 5% 2/1/2034 (Assured Guaranty Inc Insured) (e)
 
550,000
642,572
TOTAL GENERAL OBLIGATIONS
 
 
217,127,580
Health Care - 9.0%
 
 
 
Brookhaven NY Loc Dev Corp Rev (Active Retirement Cmty, Inc Proj.) 4% 11/1/2045
 
1,000,000
902,371
Buffalo & Erie County Industrial Land Development Corp (Catholic Health System Proj.) Series 2015, 5% 7/1/2026
 
450,000
450,065
Buffalo & Erie County Industrial Land Development Corp (Catholic Health System Proj.) Series 2015, 5% 7/1/2027
 
600,000
600,072
Buffalo & Erie County Industrial Land Development Corp (Catholic Health System Proj.) Series 2015, 5% 7/1/2028
 
360,000
360,034
Buffalo & Erie County Industrial Land Development Corp (Catholic Health System Proj.) Series 2015, 5% 7/1/2029
 
300,000
300,031
Buffalo & Erie County Industrial Land Development Corp (Catholic Health System Proj.) Series 2015, 5% 7/1/2030
 
575,000
575,048
Monroe Cnty NY Indl Dev Corp (Highland Hospital Proj.) Series 2020, 3% 7/1/2050
 
4,265,000
3,118,112
Monroe Cnty NY Indl Dev Corp (Rochester General Hospital Proj.) 5% 12/1/2031
 
1,595,000
1,614,628
Monroe Cnty NY Indl Dev Corp (Rochester General Hospital Proj.) 5% 12/1/2034
 
760,000
766,805
Monroe Cnty NY Indl Dev Corp (Rochester General Hospital Proj.) 5% 12/1/2035
 
700,000
705,540
Monroe Cnty NY Indl Dev Corp (Rochester General Hospital Proj.) 5% 12/1/2036
 
700,000
704,813
Monroe Cnty NY Indl Dev Corp (Rochester General Hospital,Ny Proj.) Series 2020 A, 4% 12/1/2046
 
2,500,000
2,155,266
Nassau Cnty NY Local Economic Assist Corp Rev (Catholic Hlth Svs of Li Grp Proj.) Series 2014B, 5% 7/1/2027
 
1,000,000
1,005,293
New York NY City Health & Hosp Series 2025A, 5% 2/15/2039
 
4,920,000
5,616,928
New York NY City Health & Hosp Series 2025A, 5% 2/15/2040
 
8,850,000
10,032,279
New York St Dorm Auth Revs Non St Supportd Debt (Garnet Hlth Med Ctr Proj.) 5% 12/1/2028 (g)
 
4,000,000
4,033,183
New York St Dorm Auth Revs Non St Supportd Debt (Garnet Hlth Med Ctr Proj.) Series 2017, 5% 12/1/2032 (g)
 
4,000,000
4,023,454
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 4% 7/1/2040
 
1,000,000
854,132
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 4% 7/1/2045
 
3,750,000
3,069,080
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2026
 
545,000
545,557
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2027
 
390,000
391,267
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2028
 
465,000
467,222
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2029
 
750,000
755,170
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2030
 
1,475,000
1,484,190
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2032
 
1,540,000
1,543,327
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2034
 
1,300,000
1,291,776
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2035
 
600,000
591,449
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2036
 
500,000
489,752
New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2041
 
1,345,000
1,283,147
New York St Dorm Auth Revs Non St Supported Debt (Memorial Sloan-Kettering Cancer Center Proj.) Series 2019  1, 2% 7/1/2033
 
7,600,000
6,901,702
New York St Dorm Auth Revs Non St Supported Debt (Montefiore Obligated Group Proj.) Series 2020A, 4% 9/1/2050
 
7,120,000
6,039,426
New York St Dorm Auth Revs Non St Supported Debt (Montefiore Obligated Group Proj.) Series 2024, 5.5% 11/1/2044
 
1,200,000
1,279,445
New York St Dorm Auth Revs Non St Supported Debt (Montefiore Obligated Group Proj.) Series 2024, 5.5% 11/1/2047
 
1,025,000
1,063,915
New York St Dorm Auth Revs Non St Supported Debt (New York University Hospital Center Proj.) 5% 7/1/2035
 
1,000,000
1,175,448
New York St Dorm Auth Revs Non St Supported Debt (New York University Hospital Center Proj.) 5% 7/1/2036
 
575,000
676,538
New York St Dorm Auth Revs Non St Supported Debt (New York University Hospital Center Proj.) Series 2020A, 3% 7/1/2048
 
5,000,000
3,728,784
New York St Dorm Auth Revs Non St Supported Debt (New York University Hospital Center Proj.) Series 2020A, 4% 7/1/2053
 
5,805,000
5,078,624
New York St Dorm Auth Revs Non St Supported Debt (White Plains Hosp Proj.) Series 2024, 5.25% 10/1/2049
 
7,000,000
7,055,020
New York State Dormitory Authority (Garnet Hlth Med Ctr Proj.) 5% 12/1/2027 (g)
 
1,200,000
1,200,544
Niagara NY Area Dev Corp Rev (Catholic Health System Proj.) 5% 7/1/2052
 
3,000,000
2,704,129
NY St Dorm Auth Revs Non St Supported Debt (Mount Sinai Hospital/The Proj.) 5.25% 7/1/2050
 
5,000,000
4,993,381
NY St Dorm Auth Revs Non St Supported Debt (Roswell Park Cancer Institute Proj.) Series 2025A, 5.25% 7/1/2042 (Assured Guaranty Inc Insured)
 
1,300,000
1,452,231
NY St Dorm Auth Revs Non St Supported Debt (Roswell Park Cancer Institute Proj.) Series 2025A, 5.25% 7/1/2043 (Assured Guaranty Inc Insured)
 
525,000
578,319
NY St Dorm Auth Revs Non St Supported Debt (Roswell Park Cancer Institute Proj.) Series 2025A, 5.25% 7/1/2045 (Assured Guaranty Inc Insured)
 
1,200,000
1,290,000
Oneida County Local Development Corp (Mohawk Valley Health System Proj.) 4% 12/1/2037 (Assured Guaranty Inc Insured)
 
1,000,000
1,012,211
Oneida County Local Development Corp (Mohawk Valley Health System Proj.) 4% 12/1/2038 (Assured Guaranty Inc Insured)
 
1,000,000
1,009,986
Oneida County Local Development Corp (Mohawk Valley Health System Proj.) 4% 12/1/2049 (Assured Guaranty Inc Insured)
 
11,430,000
10,267,382
Oneida County Local Development Corp (Mohawk Valley Health System Proj.) 5% 12/1/2030 (Assured Guaranty Inc Insured)
 
755,000
811,576
Oneida County Local Development Corp (Mohawk Valley Health System Proj.) 5% 12/1/2031 (Assured Guaranty Inc Insured)
 
545,000
584,592
Oneida County Local Development Corp (Mohawk Valley Health System Proj.) Series 2019A, 3% 12/1/2044 (Assured Guaranty Inc Insured)
 
1,260,000
955,903
Onondaga NY Civic Dev Corp (Crouse-Irving Hospital, NY Proj.) Series 2024 A, 5.125% 8/1/2044
 
1,000,000
945,549
Onondaga NY Civic Dev Corp (Crouse-Irving Hospital, NY Proj.) Series 2024 A, 5.375% 8/1/2054
 
1,250,000
1,144,582
Suffolk Cnty NY Economic Dev Corp Rev (St Johnland Assisted Living Proj.) Series 2021, 5.375% 11/1/2054 (g)
 
3,500,000
2,675,885
Westchester County Local Development Corp (New York Blood Ctr Proj.) Series 2024, 5% 7/1/2035
 
3,500,000
3,881,448
Westchester County Local Development Corp (New York Blood Ctr Proj.) Series 2024, 5% 7/1/2038
 
2,000,000
2,171,275
TOTAL HEALTH CARE
 
 
120,407,886
Housing - 6.9%
 
 
 
New York City Housing Development Corp Series 2017 G 1, 3.7% 11/1/2047
 
1,200,000
1,032,677
New York City Housing Development Corp Series 2022 A, 2.5% 11/1/2042 (f)
 
1,500,000
1,317,348
New York St Hsg Fin Agy (Affordable Housing Revenue Bonds 8/22/2007 Proj.) Series 2017K, 3% 11/1/2032
 
1,610,000
1,605,378
New York St Hsg Fin Agy (Affordable Housing Revenue Bonds 8/22/2007 Proj.) Series 2017K, 3.3% 11/1/2037
 
1,800,000
1,713,778
New York St Hsg Fin Agy (Affordable Housing Revenue Bonds 8/22/2007 Proj.) Series 2019 I, 3.25% 11/1/2052
 
5,000,000
3,802,983
New York St Hsg Fin Agy (Affordable Housing Revenue Bonds 8/22/2007 Proj.) Series 2021 D 1, 2.4% 11/1/2041
 
2,740,000
2,109,825
New York St Hsg Fin Agy (New York St Hsg Fin Agy Rev Proj.) Series 2016 C, 3.05% 11/1/2036
 
1,700,000
1,582,528
New York St Hsg Fin Agy Series 2019 I, 3.15% 11/1/2044
 
1,500,000
1,272,451
New York St Hsg Fin Agy Series 2021 J 1, 2.45% 11/1/2041
 
1,020,000
792,667
New York St Hsg Fin Agy Series 2025 C 2, 3.3% tender 5/1/2065 (f)
 
3,000,000
3,021,842
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2019 G 1 B, 3.05% 5/1/2050
 
4,270,000
3,103,706
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2019 J, 3% 11/1/2044
 
8,030,000
6,497,935
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2019 J, 3.05% 11/1/2049
 
10,520,000
7,912,212
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2020 A 1 C, 2.8% 11/1/2045
 
1,165,000
885,111
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2020 I 1, 2.55% 11/1/2045
 
6,255,000
4,502,739
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 C 1, 2.25% 11/1/2041
 
2,885,000
2,245,547
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 C 1, 2.4% 11/1/2046
 
2,660,000
1,794,135
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 F 1, 2.1% 11/1/2036
 
2,000,000
1,699,209
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 F 1, 2.25% 11/1/2041
 
10,000,000
7,722,690
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 F 1, 2.4% 11/1/2046
 
1,000,000
674,487
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 I, 2.45% 11/1/2041
 
6,200,000
4,818,176
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 I, 2.65% 11/1/2046
 
7,135,000
5,098,974
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 I, 2.7% 11/1/2051
 
8,285,000
5,494,394
NY City Hsg Dev Corp Multifamily Hsg Rev Series 2021 G 1, 1.5% 11/1/2041
 
920,000
704,813
State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) 3.5% 10/1/2050 (b)
 
4,915,000
4,905,148
State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) Series 221, 3.5% 10/1/2032 (b)
 
2,400,000
2,396,703
State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) Series 223, 3.5% 4/1/2049
 
530,000
530,289
State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) Series 227, 2.5% 10/1/2047
 
12,730,000
9,010,950
State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) Series 232, 5% 10/1/2028 (b)
 
1,680,000
1,759,809
State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) Series 233, 2.2% 4/1/2036
 
970,000
832,642
TOTAL HOUSING
 
 
90,841,146
Industrial Development - 2.5%
 
 
 
Liberty NY Dev Corp Rev (Goldman Sachs Group Inc/The Proj.) 5.25% 10/1/2035
 
11,440,000
13,510,018
MTA Hudson Rail Yards Trust Series 2016 A, 5% 11/15/2051
 
3,000,000
2,999,907
MTA Hudson Rail Yards Trust Series 2016 A, 5% 11/15/2056
 
9,000,000
8,977,478
New York Liberty Dev Corp (One Bryant Part LLC Proj.) Series 2019 CL 1, 2.45% 9/15/2069
 
8,000,000
7,582,042
TOTAL INDUSTRIAL DEVELOPMENT
 
 
33,069,445
Lease Revenue - 0.1%
 
 
 
Clinton County Capital Resource Corp (Cves Boces Proj.) Series 2025, 4.5% 7/1/2040 (g)
 
1,100,000
1,137,547
Clinton County Capital Resource Corp (Cves Boces Proj.) Series 2025, 4.75% 7/1/2043 (g)
 
1,100,000
1,129,892
TOTAL LEASE REVENUE
 
 
2,267,439
Other - 0.6%
 
 
 
New York City Trust Cultural Resources Rev (American Museum of Natural History/The Proj.) Series 2024 A, 5% 7/15/2054
 
7,500,000
7,831,465
Special Tax - 22.8%
 
 
 
Battery Pk City Auth NY Rev Series 2025, 5.25% 11/1/2055
 
10,000,000
10,696,474
Erie Cnty NY Fiscal Stability Auth 5% 9/1/2033
 
525,000
544,535
Erie Cnty NY Fiscal Stability Auth 5% 9/1/2034
 
850,000
880,852
Hudson Yds Infrastructure Corp NY Rev Series 2017 A, 3.5% 2/15/2038
 
515,000
515,130
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5% 11/1/2032
 
8,450,000
9,750,256
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5% 11/1/2038
 
5,000,000
5,703,518
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5% 11/1/2041
 
2,000,000
2,218,097
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5.5% 11/1/2051
 
10,500,000
11,237,877
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5.5% 5/1/2052
 
5,000,000
5,329,445
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) Series FISCAL 2026 SUB F 1, 5.5% 2/1/2050 (e)
 
17,500,000
18,856,210
New York NY City Ida Rev (Queens Ballpark Company LLC Proj.) Series 2021A, 3% 1/1/2037 (Assured Guaranty Inc Insured)
 
3,070,000
2,910,148
New York NY City Ida Rev (Queens Ballpark Company LLC Proj.) Series 2021A, 3% 1/1/2046 (Assured Guaranty Inc Insured)
 
9,945,000
7,545,984
New York NY City Ida Rev (Yankees Hldgs LP Proj.) Series 2020 A, 3% 3/1/2049
 
5,700,000
4,090,899
New York NY City Ida Rev (Yankees Hldgs LP Proj.) Series 2020 A, 3% 3/1/2049 (Assured Guaranty Inc Insured)
 
1,500,000
1,106,958
New York NY City Transitional Fin Auth Rev 4% 11/1/2038
 
1,500,000
1,532,007
New York NY City Transitional Fin Auth Rev 4% 8/1/2038
 
1,340,000
1,371,217
New York NY City Transitional Fin Auth Rev Series 2016 F 3, 3% 2/1/2038
 
295,000
265,522
New York NY City Transitional Fin Auth Rev Series 2016, 3.25% 8/1/2035
 
290,000
283,774
New York NY City Transitional Fin Auth Rev Series 2018 B 1, 5% 8/1/2034
 
3,000,000
3,100,113
New York NY City Transitional Fin Auth Rev Series 2018 C 2, 5% 5/1/2037
 
4,690,000
4,896,489
New York NY City Transitional Fin Auth Rev Series FISCAL 2017 E, 3.5% 2/1/2038
 
655,000
646,114
New York NY City Transitional Fin Auth Rev Series FISCAL 2020C SUB C 1, 3% 5/1/2046
 
4,200,000
3,223,613
New York NY City Transitional Fin Auth Rev Series FISCAL 2021C SUB C 1, 4% 5/1/2047
 
1,000,000
920,540
New York NY City Transitional Fin Auth Rev Series FISCAL 2024A SUB A 1, 5% 5/1/2040
 
5,115,000
5,612,383
New York NY City Transitional Fin Auth Rev Series FISCAL 2024A SUB A 1, 5% 5/1/2041
 
8,000,000
8,707,307
New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2018 A, 5% 3/15/2042
 
9,940,000
10,296,613
New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2018 A, 5% 3/15/2043
 
9,940,000
10,265,906
New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2018 C, 5% 3/15/2035
 
18,870,000
19,786,681
New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2018 C, 5% 3/15/2043
 
6,185,000
6,387,789
New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2024 B, 5% 3/15/2037
 
11,970,000
14,018,814
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) 3% 3/15/2050
 
10,285,000
7,574,562
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2020A, 3% 3/15/2038
 
1,590,000
1,483,112
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2020A, 3% 3/15/2039
 
5,000,000
4,576,313
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2021 A, 5% 3/15/2049
 
6,500,000
6,638,934
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2021 E, 4% 3/15/2037
 
3,700,000
3,831,022
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2021 E, 4% 3/15/2039
 
735,000
750,865
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2022 A, 4% 3/15/2039
 
1,000,000
1,021,587
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2022 A, 5% 3/15/2041
 
5,000,000
5,437,091
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2023 A, 5% 3/15/2037
 
2,625,000
2,974,592
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2023 A, 5% 3/15/2038
 
1,645,000
1,853,002
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2023 A, 5% 3/15/2039
 
2,100,000
2,351,205
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2024A, 5% 3/15/2042
 
10,250,000
11,282,483
New York State Urban Development Corp (New York State Pit Proj.) 4% 3/15/2049
 
3,165,000
2,895,699
New York State Urban Development Corp (New York State Pit Proj.) Series 2020 A, 5% 3/15/2042
 
2,175,000
2,314,569
New York State Urban Development Corp (New York State Pit Proj.) Series 2022A, 5% 3/15/2040
 
8,000,000
8,809,615
New York Twy Auth Pers Income Tax Rev (New York State Pit Proj.) Series 2021 A 1, 3% 3/15/2050
 
8,945,000
6,622,588
NY Convention Ctr Dev Corp Rev 0% 11/15/2038 (c)
 
1,275,000
771,288
NY Convention Ctr Dev Corp Rev Series 2015, 5% 11/15/2030
 
2,000,000
2,003,190
NY Convention Ctr Dev Corp Rev Series 2015, 5% 11/15/2033
 
9,115,000
9,127,724
NY Convention Ctr Dev Corp Rev Series 2015, 5% 11/15/2034
 
3,000,000
3,004,071
NY Convention Ctr Dev Corp Rev Series 2015, 5% 11/15/2040
 
9,990,000
9,990,610
NY Convention Ctr Dev Corp Rev Series B, 0% 11/15/2030 (c)
 
3,400,000
2,946,674
NY Payroll Mobility Tax Series 2022D 1A, 5% 11/15/2038
 
10,000,000
11,129,061
NY Payroll Mobility Tax Series 2023 C, 5.25% 11/15/2039
 
6,000,000
6,883,180
Triborough Brdg & Tunl Auth NY Sales Tax Rev Series 2023A, 5% 5/15/2036
 
800,000
918,554
Triborough Brdg & Tunl Auth NY Sales Tax Rev Series 2023A, 5% 5/15/2038
 
1,125,000
1,268,925
Triborough Brdg & Tunl Auth NY Sales Tax Rev Series 2023A, 5% 5/15/2039
 
1,545,000
1,728,499
Triborough Brdg & Tunl NY Rett Series 2025 A, 5.5% 12/1/2059
 
10,000,000
10,624,736
TOTAL SPECIAL TAX
 
 
303,515,016
Tobacco Bonds - 0.7%
 
 
 
Suffolk Tobacco Asset Securitization Corp NY Tobacco Settlement 4% 6/1/2050
 
3,000,000
2,506,064
Suffolk Tobacco Asset Securitization Corp NY Tobacco Settlement Series 2021B1, 4% 6/1/2050
 
4,425,000
3,997,000
Tobacco Settlement Asset Securitization Corp NY Rev Series A, 5% 6/1/2030
 
2,525,000
2,583,002
TOTAL TOBACCO BONDS
 
 
9,086,066
Transportation - 15.6%
 
 
 
Build NYC Resource Corp (TrIPs Obligated Group Proj.) 5.5% 7/1/2041 (b)
 
340,000
375,923
Build NYC Resource Corp (TrIPs Obligated Group Proj.) 5.5% 7/1/2042 (b)
 
1,135,000
1,242,211
Build NYC Resource Corp (TrIPs Obligated Group Proj.) 5.5% 7/1/2043 (b)
 
1,230,000
1,330,967
Build NYC Resource Corp (TrIPs Obligated Group Proj.) 5.5% 7/1/2044 (b)
 
1,200,000
1,283,557
Build NYC Resource Corp (TrIPs Obligated Group Proj.) 5.5% 7/1/2045 (b)
 
1,500,000
1,587,736
Metropolitan Transn Auth NY Rv Series 2016 D, 5% 11/15/2031
 
665,000
675,990
Metropolitan Transn Auth NY Rv Series 2016 D, 5.25% 11/15/2031
 
500,000
509,227
Metropolitan Transn Auth NY Rv Series 2016B, 5% 11/15/2034
 
1,490,000
1,512,196
Metropolitan Transn Auth NY Rv Series 2016B, 5% 11/15/2035
 
8,375,000
8,491,550
Metropolitan Transn Auth NY Rv Series 2017 C 2, 0% 11/15/2032 (c)
 
18,000,000
14,697,671
Metropolitan Transn Auth NY Rv Series 2017 D, 5% 11/15/2030
 
5,000,000
5,268,658
Metropolitan Transn Auth NY Rv Series 2017 D, 5% 11/15/2032
 
925,000
971,819
Metropolitan Transn Auth NY Rv Series 2017C 1, 5% 11/15/2027
 
620,000
649,488
Metropolitan Transn Auth NY Rv Series 2020 C 1, 5% 11/15/2050
 
1,310,000
1,326,153
Metropolitan Transn Auth NY Rv Series C 1, 5% 11/15/2031
 
1,175,000
1,194,419
Metropolitan Transn Auth NY Rv Series C 1, 5% 11/15/2032
 
730,000
741,683
New York Liberty Dev Corp (4 World Trade Center LLC Proj.) Series 2021A, 2.1% 11/15/2032
 
950,000
862,016
New York Liberty Dev Corp (4 World Trade Center LLC Proj.) Series 2021A, 2.875% 11/15/2046
 
6,300,000
4,699,183
New York Liberty Dev Corp (4 World Trade Center LLC Proj.) Series 2021A, 3% 11/15/2051
 
5,500,000
3,954,525
New York Liberty Dev Corp (Port Auth NY & NJ Proj.) Series 2021, 2.25% 2/15/2041
 
3,000,000
2,350,293
New York St Brdg Auth Rev Series 2021 A, 4% 1/1/2051
 
1,085,000
990,902
New York St Twy Auth Gen Rev 5% 1/1/2041
 
9,320,000
9,332,104
New York St Twy Auth Gen Rev Series 2019 B, 3% 1/1/2053
 
5,405,000
3,845,964
New York St Twy Auth Gen Rev Series 2019 B, 3% 1/1/2053 (Assured Guaranty Inc Insured)
 
2,000,000
1,431,319
New York St Twy Auth Gen Rev Series 2019 B, 4% 1/1/2045
 
5,000,000
4,633,482
New York St Twy Auth Gen Rev Series 2026A, 5% 1/1/2048
 
4,800,000
5,044,009
New York St Twy Auth Gen Rev Series 2026A, 5% 1/1/2051
 
6,800,000
7,049,018
New York St Twy Auth Gen Rev Series N, 3% 1/1/2050
 
5,000,000
3,618,784
New York Transportation Development Corp (Delta Air Lines Inc Proj.) Series 2018, 5% 1/1/2033 (b)
 
5,000,000
5,162,408
New York Transportation Development Corp (Delta Air Lines Inc Proj.) Series 2023, 6% 4/1/2035 (b)
 
5,000,000
5,532,419
New York Transportation Development Corp (Jfk International Air Terminal Proj.) 4% 12/1/2038 (b)
 
1,200,000
1,199,262
New York Transportation Development Corp (Jfk International Air Terminal Proj.) 4% 12/1/2041 (b)
 
2,490,000
2,409,407
New York Transportation Development Corp (Jfk International Air Terminal Proj.) 5% 12/1/2031 (b)
 
1,900,000
2,062,756
New York Transportation Development Corp (Jfk International Air Terminal Proj.) 5% 12/1/2033 (b)
 
2,800,000
3,018,637
New York Transportation Development Corp (Jfk International Air Terminal Proj.) 5% 12/1/2035 (b)
 
1,540,000
1,641,511
New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2020C, 5% 12/1/2029
 
1,300,000
1,413,511
New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2020C, 5% 12/1/2030
 
500,000
552,785
New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2022, 5% 12/1/2032 (b)
 
250,000
277,970
New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2022, 5% 12/1/2035 (b)
 
8,465,000
9,228,110
New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2022, 5% 12/1/2036 (b)
 
7,500,000
8,115,812
New York Transportation Development Corp (Jfk Intl New Terminal One Proj.) 5% 6/30/2049 (Assured Guaranty Inc Insured) (b)
 
5,000,000
5,003,575
New York Transportation Development Corp (Jfk Intl New Terminal One Proj.) 5.5% 6/30/2054 (b)
 
8,000,000
8,118,610
New York Transportation Development Corp (Jfk Intl Terminal 6 Proj.) 0% 12/31/2054 (Assured Guaranty Inc Insured) (b)(d)
 
9,000,000
5,975,546
New York Transportation Development Corp (Jfk Intl Terminal 6 Proj.) 5.5% 12/31/2054 (b)
 
6,580,000
6,679,158
Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) 5% 4/1/2030 (b)
 
750,000
787,096
Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) 5% 4/1/2032 (b)
 
1,360,000
1,422,469
Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) 5% 4/1/2033 (b)
 
1,000,000
1,043,223
Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) 5% 4/1/2034 (b)
 
1,765,000
1,837,297
Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) 5% 4/1/2036 (b)
 
1,150,000
1,189,081
Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) Series 2019A, 5% 4/1/2029 (b)
 
615,000
646,798
Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) Series 2019A, 5% 4/1/2038 (b)
 
750,000
770,326
Syracuse Regional Airport Authority 4% 7/1/2035 (b)
 
500,000
507,345
Syracuse Regional Airport Authority 4% 7/1/2036 (b)
 
500,000
501,712
Syracuse Regional Airport Authority 5% 7/1/2028 (b)
 
1,640,000
1,702,171
Syracuse Regional Airport Authority 5% 7/1/2029 (b)
 
1,500,000
1,578,830
Syracuse Regional Airport Authority 5% 7/1/2030 (b)
 
1,500,000
1,598,911
Syracuse Regional Airport Authority 5% 7/1/2031 (b)
 
2,060,000
2,214,278
Syracuse Regional Airport Authority 5% 7/1/2032 (b)
 
1,145,000
1,225,710
Syracuse Regional Airport Authority 5% 7/1/2033 (b)
 
755,000
803,111
Syracuse Regional Airport Authority 5% 7/1/2034 (b)
 
815,000
862,057
Triborough Brdg & Tunl NY Revs 4% 11/15/2037
 
3,000,000
3,073,727
Triborough Brdg & Tunl NY Revs Series 2019 C, 3% 11/15/2046
 
5,000,000
3,804,517
Triborough Brdg & Tunl NY Revs Series 2022A, 4% 11/15/2052
 
3,000,000
2,701,233
Triborough Brdg & Tunl NY Revs Series 2022A, 5% 11/15/2040
 
2,000,000
2,198,116
Triborough Brdg & Tunl NY Revs Series 2022A, 5% 11/15/2041
 
2,000,000
2,176,762
Triborough Brdg & Tunl NY Revs Series 2024 A SUB A 1, 5.25% 11/15/2051
 
10,000,000
10,570,523
Triborough Brdg & Tunl NY Revs Series 2025 A 1, 5.5% 11/15/2053
 
7,500,000
8,110,127
TOTAL TRANSPORTATION
 
 
207,387,744
Water & Sewer - 1.5%
 
 
 
New York Envir Fac Corp Clean Wtr & Drinking Wtr Series 2018 B, 5% 6/15/2043
 
1,000,000
1,029,129
New York NY Cty Muni Wtr Fin Auth Series FISCAL 2021SUB BB 1, 3% 6/15/2050
 
4,395,000
3,269,089
New York NY Cty Muni Wtr Fin Auth Series FISCAL 2026 BB, 5.5% 6/15/2056 (e)
 
7,000,000
7,565,390
New York NY Cty Muni Wtr Fin Auth Series FISCAL2025AA SUB AA1, 5.25% 6/15/2053
 
6,265,000
6,592,173
Onondaga Cnty NY Wtr Auth Wtr Rev Series 2022A, 2.5% 9/15/2051
 
1,855,000
1,161,692
Western Nassau Cnty NY Wtr Auth Wtr Sys Rev Series 2015A, 5% 4/1/2030
 
350,000
350,753
TOTAL WATER & SEWER
 
 
19,968,226
TOTAL NEW YORK
 
 
1,127,125,829
Puerto Rico - 0.8%
 
 
 
General Obligations - 0.6%
 
 
 
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 0% 7/1/2033 (c)
 
3,719,591
2,722,342
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.625% 7/1/2029
 
1,350,000
1,434,312
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.75% 7/1/2031
 
3,120,000
3,444,368
TOTAL GENERAL OBLIGATIONS
 
 
7,601,022
Water & Sewer - 0.2%
 
 
 
Puerto Rico Comwlth Aqueduct & Swr Auth Rev Series 2021 B, 5% 7/1/2037 (g)
 
2,375,000
2,461,431
TOTAL PUERTO RICO
 
 
10,062,453
Virgin Islands - 0.5%
 
 
 
Transportation - 0.5%
 
 
 
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2030
 
1,000,000
1,084,772
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2031
 
695,000
765,172
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2032
 
500,000
557,379
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2036
 
2,290,000
2,605,750
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2039
 
385,000
432,397
Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2040
 
745,000
828,148
TOTAL VIRGIN ISLANDS
 
 
6,273,618
 
TOTAL MUNICIPAL SECURITIES
 (Cost $1,289,491,731)
 
 
 
1,281,823,275
 
 
 
 
Money Market Funds - 6.0%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Municipal Cash Central Fund (h)(i)
 (Cost $79,983,193)
 
2.36
79,967,200
79,983,193
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 102.2%
 (Cost $1,369,474,924)
 
 
 
1,361,806,468
NET OTHER ASSETS (LIABILITIES) - (2.2)%  
(29,197,453)
NET ASSETS - 100.0%
1,332,609,015
 
 
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.
 
(c)
Zero coupon bond which is issued at a discount.
 
(d)
Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.
 
(e)
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
 
(f)
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
 
(g)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $16,661,936 or 1.3% of net assets.
 
(h)
Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.
 
(i)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
 
 
Shares,
end
of period
% ownership,
end
of period
Fidelity Municipal Cash Central Fund
20,865,148
311,761,055
252,643,010
826,698
-
-
79,983,193
79,967,200
1.8%
Total
20,865,148
311,761,055
252,643,010
826,698
-
-
79,983,193
 
 
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line item in the Statement of Operations, if applicable.
 
 
Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.
Investment Valuation
 
The following is a summary of the inputs used, as of January 31, 2026, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.
 
Valuation Inputs at Reporting Date:
Description
Total ($)
Level 1 ($)
Level 2 ($)
Level 3 ($)
 Investments in Securities:
 
 
 
 
 Municipal Securities
 
 
 
 
Education
93,053,208
-
93,053,208
-
Electric Utilities
22,560,135
-
22,560,135
-
Escrowed/Pre-Refunded
10,473
-
10,473
-
General Obligations
224,728,602
-
224,728,602
-
Health Care
120,407,886
-
120,407,886
-
Housing
90,841,146
-
90,841,146
-
Industrial Development
33,069,445
-
33,069,445
-
Lease Revenue
2,267,439
-
2,267,439
-
Other
7,831,465
-
7,831,465
-
Special Tax
303,515,016
-
303,515,016
-
Tobacco Bonds
9,086,066
-
9,086,066
-
Transportation
349,796,456
-
349,796,456
-
Water & Sewer
24,655,938
-
24,655,938
-
 Money Market Funds
79,983,193
79,983,193
-
-
 Total Investments in Securities:
1,361,806,468
79,983,193
1,281,823,275
-
Financial Statements
Statement of Assets and Liabilities
As of January 31, 2026
 
 
Assets
 
 
 
 
Investment in securities, at value - See accompanying schedule:
 
 
 
 
Unaffiliated issuers (cost $1,289,491,731)
$
1,281,823,275
 
 
Fidelity Central Funds (cost $79,983,193)
79,983,193
 
 
 
 
 
 
 
 
 
 
 
 
Total Investment in Securities (cost $1,369,474,924)
 
 
$
1,361,806,468
Cash
 
 
100,001
Receivable for fund shares sold
 
 
1,274,522
Interest receivable
 
 
12,657,906
Distributions receivable from Fidelity Central Funds
 
 
45,187
Prepaid expenses
 
 
734
Other receivables
 
 
76
  Total assets
 
 
1,375,884,894
Liabilities
 
 
 
 
Payable for investments purchased on a delayed delivery basis
$
40,675,217
 
 
Payable for fund shares redeemed
544,968
 
 
Distributions payable
1,515,708
 
 
Accrued management fee
476,072
 
 
Distribution and service plan fees payable
8,860
 
 
Other payables and accrued expenses
55,054
 
 
  Total liabilities
 
 
 
43,275,879
Net Assets  
 
 
$
1,332,609,015
Net Assets consist of:
 
 
 
 
Paid in capital
 
 
$
1,377,506,084
Total accumulated earnings (loss)
 
 
 
(44,897,069)
Net Assets
 
 
$
1,332,609,015
 
 
 
 
 
Net Asset Value and Maximum Offering Price
 
 
 
 
Class A :
 
 
 
 
Net Asset Value and redemption price per share ($28,686,348 ÷ 2,295,580 shares)(a)
 
 
$
12.50
Maximum offering price per share (100/96.00 of $12.50)
 
 
$
13.02
Class M :
 
 
 
 
Net Asset Value and redemption price per share ($3,150,351 ÷ 251,888 shares)(a)
 
 
$
12.51
Maximum offering price per share (100/96.00 of $12.51)
 
 
$
13.03
Class C :
 
 
 
 
Net Asset Value and offering price per share ($2,705,516 ÷ 216,509 shares)(a)
 
 
$
12.50
New York Municipal Income :
 
 
 
 
Net Asset Value, offering price and redemption price per share ($1,209,184,908 ÷ 96,727,660 shares)
 
 
$
12.50
Class I :
 
 
 
 
Net Asset Value, offering price and redemption price per share ($45,350,059 ÷ 3,631,944 shares)
 
 
$
12.49
Class Z :
 
 
 
 
Net Asset Value, offering price and redemption price per share ($43,531,833 ÷ 3,486,553 shares)
 
 
$
12.49
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
Statement of Operations
 
Year ended January 31, 2026
 
Investment Income
 
 
 
 
Interest  
 
 
$
44,054,777
Income from Fidelity Central Funds  
 
 
826,449
 Total income
 
 
 
44,881,226
Expenses
 
 
 
 
Management fee
$
5,386,495
 
 
Distribution and service plan fees
109,893
 
 
Custodian fees and expenses
11,841
 
 
Independent trustees' fees and expenses
2,910
 
 
Registration fees
110,684
 
 
Audit fees
60,968
 
 
Legal
6,902
 
 
Miscellaneous
4,482
 
 
 Total expenses before reductions
 
5,694,175
 
 
 Expense reductions
 
(184)
 
 
 Total expenses after reductions
 
 
 
5,693,991
Net Investment income (loss)
 
 
 
39,187,235
Realized and Unrealized Gain (Loss)
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 Investment Securities:
 
 
 
 
   Unaffiliated issuers  
 
(3,937,559)
 
 
 Capital gain distributions from Fidelity Central Funds
 
249
 
 
Total net realized gain (loss)
 
 
 
(3,937,310)
Change in net unrealized appreciation (depreciation) on investment securities
 
 
 
22,882,369
Net gain (loss)
 
 
 
18,945,059
Net increase (decrease) in net assets resulting from operations
 
 
$
58,132,294
Statement of Changes in Net Assets
 
 
Year ended
January 31, 2026
 
Year ended
January 31, 2025
Increase (Decrease) in Net Assets
 
 
 
 
Operations
 
 
 
Net investment income (loss)
$
39,187,235
$
36,441,048
Net realized gain (loss)
 
(3,937,310)
 
(1,399,205)
Change in net unrealized appreciation (depreciation)
 
22,882,369
 
(11,419,433)
Net increase (decrease) in net assets resulting from operations
 
58,132,294
 
23,622,410
Distributions to shareholders
 
(36,318,202)
 
(34,029,822)
 
 
 
 
 
Share transactions - net increase (decrease)
 
95,826,736
 
(9,375,586)
Total increase (decrease) in net assets
 
117,640,828
 
(19,782,998)
 
 
 
 
 
Net Assets
 
 
 
 
Beginning of period
 
1,214,968,187
 
1,234,751,185
End of period
$
1,332,609,015
$
1,214,968,187
 
 
 
 
 
 
 
 
 
 
Financial Highlights
 
Fidelity Advisor® New York Municipal Income Fund Class A
 
Years ended January 31,
 
2026  
 
2025 
 
2024  
 
2023 
 
2022 
  Selected Per-Share Data 
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.30
$
12.40
$
12.28
$
13.19
$
13.75
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.348
 
.331
 
.303
 
.261
 
.248
     Net realized and unrealized gain (loss)
 
.172
 
(.125)
 
.108
 
(.894)
 
(.462)
  Total from investment operations
 
.520  
 
.206  
 
.411  
 
(.633)  
 
(.214)
  Distributions from net investment income
 
(.319)
 
(.305)
 
(.291)
 
(.260)
 
(.248)
  Distributions from net realized gain
 
(.001)
 
(.001)
 
-
 
(.017)
 
(.098)
     Total distributions
 
(.320)
 
(.306)
 
(.291)
 
(.277)
 
(.346)
  Net asset value, end of period
$
12.50
$
12.30
$
12.40
$
12.28
$
13.19
 Total Return C,D
 
4.32
%
 
1.69%
 
3.45%
 
(4.75)%
 
(1.61)%
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.76%
 
.76%
 
.78%
 
.78%
 
.77%
    Expenses net of fee waivers, if any
 
.76
%
 
.76%
 
.77%
 
.78%
 
.77%
    Expenses net of all reductions, if any
 
.76%
 
.76%
 
.77%
 
.78%
 
.77%
    Net investment income (loss)
 
2.85%
 
2.68%
 
2.51%
 
2.14%
 
1.81%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
28,686
$
29,578
$
31,611
$
34,470
$
41,356
    Portfolio turnover rate G
 
16
%
 
13%
 
15%
 
17%
 
16%
 
ACalculated based on average shares outstanding during the period.
BNet investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
DTotal returns do not include the effect of the sales charges.
EFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
FExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
GAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.
 
Fidelity Advisor® New York Municipal Income Fund Class M
 
Years ended January 31,
 
2026  
 
2025 
 
2024  
 
2023 
 
2022 
  Selected Per-Share Data 
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.31
$
12.41
$
12.29
$
13.21
$
13.76
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.353
 
.336
 
.309
 
.268
 
.254
     Net realized and unrealized gain (loss)
 
.172
 
(.124)
 
.108
 
(.904)
 
(.452)
  Total from investment operations
 
.525  
 
.212  
 
.417  
 
(.636)  
 
(.198)
  Distributions from net investment income
 
(.324)
 
(.311)
 
(.297)
 
(.267)
 
(.254)
  Distributions from net realized gain
 
(.001)
 
(.001)
 
-
 
(.017)
 
(.098)
     Total distributions
 
(.325)
 
(.312)
 
(.297)
 
(.284)
 
(.352)
  Net asset value, end of period
$
12.51
$
12.31
$
12.41
$
12.29
$
13.21
 Total Return C,D
 
4.36
%
 
1.73%
 
3.50%
 
(4.77)%
 
(1.50)%
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.72%
 
.72%
 
.73%
 
.72%
 
.74%
    Expenses net of fee waivers, if any
 
.72
%
 
.71%
 
.73%
 
.72%
 
.73%
    Expenses net of all reductions, if any
 
.72%
 
.71%
 
.73%
 
.72%
 
.73%
    Net investment income (loss)
 
2.89%
 
2.72%
 
2.56%
 
2.20%
 
1.85%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
3,150
$
4,069
$
4,222
$
4,305
$
6,308
    Portfolio turnover rate G
 
16
%
 
13%
 
15%
 
17%
 
16%
 
ACalculated based on average shares outstanding during the period.
BNet investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
DTotal returns do not include the effect of the sales charges.
EFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
FExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
GAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.
 
Fidelity Advisor® New York Municipal Income Fund Class C
 
Years ended January 31,
 
2026  
 
2025 
 
2024  
 
2023 
 
2022 
  Selected Per-Share Data 
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.30
$
12.40
$
12.28
$
13.19
$
13.75
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.262
 
.245
 
.219
 
.175
 
.148
     Net realized and unrealized gain (loss)
 
.172
 
(.125)
 
.108
 
(.893)
 
(.461)
  Total from investment operations
 
.434  
 
.120  
 
.327  
 
(.718)  
 
(.313)
  Distributions from net investment income
 
(.233)
 
(.219)
 
(.207)
 
(.175)
 
(.149)
  Distributions from net realized gain
 
(.001)
 
(.001)
 
-
 
(.017)
 
(.098)
     Total distributions
 
(.234)
 
(.220)
 
(.207)
 
(.192)
 
(.247)
  Net asset value, end of period
$
12.50
$
12.30
$
12.40
$
12.28
$
13.19
 Total Return C,D
 
3.59
%
 
.98%
 
2.72%
 
(5.42)%
 
(2.33)%
 Ratios to Average Net Assets B,E,F
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
1.46%
 
1.45%
 
1.48%
 
1.48%
 
1.50%
    Expenses net of fee waivers, if any
 
1.46
%
 
1.45%
 
1.48%
 
1.48%
 
1.50%
    Expenses net of all reductions, if any
 
1.46%
 
1.45%
 
1.48%
 
1.48%
 
1.50%
    Net investment income (loss)
 
2.15%
 
1.98%
 
1.81%
 
1.44%
 
1.08%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
2,706
$
3,285
$
4,321
$
6,319
$
9,483
    Portfolio turnover rate G
 
16
%
 
13%
 
15%
 
17%
 
16%
 
ACalculated based on average shares outstanding during the period.
BNet investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
DTotal returns do not include the effect of the contingent deferred sales charge.
EFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
FExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
GAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.
 
Fidelity® New York Municipal Income Fund
 
Years ended January 31,
 
2026  
 
2025 
 
2024  
 
2023 
 
2022 
  Selected Per-Share Data 
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.31
$
12.41
$
12.29
$
13.20
$
13.75
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.386
 
.369
 
.341
 
.300
 
.292
     Net realized and unrealized gain (loss)
 
.162
 
(.124)
 
.108
 
(.894)
 
(.452)
  Total from investment operations
 
.548  
 
.245  
 
.449  
 
(.594)  
 
(.160)
  Distributions from net investment income
 
(.357)
 
(.344)
 
(.329)
 
(.299)
 
(.292)
  Distributions from net realized gain
 
(.001)
 
(.001)
 
-
 
(.017)
 
(.098)
     Total distributions
 
(.358)
 
(.345)
 
(.329)
 
(.316)
 
(.390)
  Net asset value, end of period
$
12.50
$
12.31
$
12.41
$
12.29
$
13.20
 Total Return C
 
4.56
%
 
2.00%
 
3.77%
 
(4.45)%
 
(1.22)%
 Ratios to Average Net Assets B,D,E
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.45%
 
.45%
 
.47%
 
.47%
 
.46%
    Expenses net of fee waivers, if any
 
.45
%
 
.45%
 
.46%
 
.46%
 
.46%
    Expenses net of all reductions, if any
 
.45%
 
.45%
 
.46%
 
.46%
 
.45%
    Net investment income (loss)
 
3.16%
 
2.99%
 
2.83%
 
2.45%
 
2.13%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
1,209,185
$
1,100,893
$
1,126,404
$
1,139,757
$
1,575,526
    Portfolio turnover rate F
 
16
%
 
13%
 
15%
 
17%
 
16%
 
ACalculated based on average shares outstanding during the period.
BNet investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
DFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
EExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
FAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.
 
Fidelity Advisor® New York Municipal Income Fund Class I
 
Years ended January 31,
 
2026  
 
2025 
 
2024  
 
2023 
 
2022 
  Selected Per-Share Data 
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.29
$
12.39
$
12.27
$
13.18
$
13.74
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.376
 
.359
 
.331
 
.290
 
.281
     Net realized and unrealized gain (loss)
 
.172
 
(.124)
 
.108
 
(.894)
 
(.462)
  Total from investment operations
 
.548  
 
.235  
 
.439  
 
(.604)  
 
(.181)
  Distributions from net investment income
 
(.347)
 
(.334)
 
(.319)
 
(.289)
 
(.281)
  Distributions from net realized gain
 
(.001)
 
(.001)
 
-
 
(.017)
 
(.098)
     Total distributions
 
(.348)
 
(.335)
 
(.319)
 
(.306)
 
(.379)
  Net asset value, end of period
$
12.49
$
12.29
$
12.39
$
12.27
$
13.18
 Total Return C
 
4.56
%
 
1.92%
 
3.69%
 
(4.53)%
 
(1.38)%
 Ratios to Average Net Assets B,D,E
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.53%
 
.53%
 
.55%
 
.54%
 
.54%
    Expenses net of fee waivers, if any
 
.53
%
 
.53%
 
.54%
 
.54%
 
.53%
    Expenses net of all reductions, if any
 
.53%
 
.53%
 
.54%
 
.54%
 
.53%
    Net investment income (loss)
 
3.08%
 
2.91%
 
2.75%
 
2.38%
 
2.05%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
45,350
$
42,008
$
45,211
$
39,893
$
52,355
    Portfolio turnover rate F
 
16
%
 
13%
 
15%
 
17%
 
16%
 
ACalculated based on average shares outstanding during the period.
BNet investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
DFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
EExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
FAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.
 
Fidelity Advisor® New York Municipal Income Fund Class Z
 
Years ended January 31,
 
2026  
 
2025 
 
2024  
 
2023 
 
2022 
  Selected Per-Share Data 
 
 
 
 
 
 
 
 
 
 
  Net asset value, beginning of period
$
12.29
$
12.39
$
12.27
$
13.18
$
13.74
  Income from Investment Operations
 
 
 
 
 
 
 
 
 
 
     Net investment income (loss) A,B
 
.389
 
.371
 
.344
 
.303
 
.295
     Net realized and unrealized gain (loss)
 
.172
 
(.123)
 
.109
 
(.894)
 
(.461)
  Total from investment operations
 
.561  
 
.248  
 
.453  
 
(.591)  
 
(.166)
  Distributions from net investment income
 
(.360)
 
(.347)
 
(.333)
 
(.302)
 
(.296)
  Distributions from net realized gain
 
(.001)
 
(.001)
 
-
 
(.017)
 
(.098)
     Total distributions
 
(.361)
 
(.348)
 
(.333)
 
(.319)
 
(.394)
  Net asset value, end of period
$
12.49
$
12.29
$
12.39
$
12.27
$
13.18
 Total Return C
 
4.67
%
 
2.03%
 
3.81%
 
(4.43)%
 
(1.27)%
 Ratios to Average Net Assets B,D,E
 
 
 
 
 
 
 
 
 
 
    Expenses before reductions
 
.42%
 
.42%
 
.43%
 
.43%
 
.43%
    Expenses net of fee waivers, if any
 
.42
%
 
.42%
 
.43%
 
.43%
 
.42%
    Expenses net of all reductions, if any
 
.42%
 
.42%
 
.43%
 
.43%
 
.42%
    Net investment income (loss)
 
3.19%
 
3.01%
 
2.86%
 
2.49%
 
2.16%
 Supplemental Data
 
 
 
 
 
 
 
 
 
 
    Net assets, end of period (000 omitted)
$
43,532
$
35,135
$
22,982
$
13,067
$
19,898
    Portfolio turnover rate F
 
16
%
 
13%
 
15%
 
17%
 
16%
 
ACalculated based on average shares outstanding during the period.
BNet investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.
CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
DFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
EExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
FAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.
Notes to Financial Statements
 
For the period ended January 31, 2026
 
1. Organization.
Fidelity New York Municipal Income Fund (the Fund) is a non-diversified fund of Fidelity New York Municipal Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Class A, Class M, Class C, New York Municipal Income, Class I and Class Z shares, each of which has equal rights as to assets and voting privileges. Class A, Class M, Class C, Class I and Class Z are Fidelity Advisor classes. Each class has exclusive voting rights with respect to matters that affect that class. Class C shares will automatically convert to Class A shares after a holding period of eight years from the initial date of purchase, with certain exceptions. The Fund may be affected by economic and political developments in the state of New York.
2. Investments in Fidelity Central Funds.
Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
 
Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.
 
Fidelity Central Fund
Investment Manager
Investment Objective
Investment Practices
Expense RatioA
Fidelity Money Market Central Funds
Fidelity Management & Research Company LLC (FMR)
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
Short-term Investments
Less than .005%
 
A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.
 
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission website or upon request.
3. Significant Accounting Policies.
The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. The Fund operates as a single operating segment. The Fund's income, expenses, assets, and performance are regularly monitored and assessed as a whole by the investment adviser and other individuals responsible for oversight functions of the Trust, using the information presented in the financial statements and financial highlights. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of the Fund:
 
Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
 
The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value the Fund's investments by major category are as follows:
 
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of January 31, 2026 is included at the end of the Fund's Schedule of Investments.
 
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Debt obligations may be placed on non-accrual status and related interest income may be reduced by ceasing current accruals and writing off interest receivables when the collection of all or a portion of interest has become doubtful based on consistently applied procedures. A debt obligation is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is reasonably assured.
 
Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of a fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of a fund. Each class differs with respect to transfer agent and distribution and service plan fees incurred, as applicable. Certain expense reductions may also differ by class, if applicable. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
 
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of January 31, 2026, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.
 
Distributions are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the ex-dividend date. Income and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.
 
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.
 
Book-tax differences are primarily due to market discount and capital loss carryforwards.
 
The Fund purchases municipal securities whose interest, in the opinion of the issuer, is free from federal income tax. There is no assurance that the IRS will agree with this opinion. In the event the IRS determines that the issuer does not comply with relevant tax requirements, interest payments from a security could become federally taxable, possibly retroactively to the date the security was issued.
 
As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:
 
Gross unrealized appreciation
$32,791,320
Gross unrealized depreciation
(33,639,089)
Net unrealized appreciation (depreciation)
$(847,769)
Tax Cost
$1,362,654,237
 
The tax-based components of distributable earnings as of period end were as follows:
 
Capital loss carryforward
$(44,049,301)
Net unrealized appreciation (depreciation) on securities and other investments  
$(847,769)
 
 
 
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.
 
Short-term
$(9,540,447)
Long-term
(34,508,854)
Total capital loss carryforward
$(44,049,301)
 
The tax character of distributions paid was as follows:
 
 
January 31, 2026
January 31, 2025
Tax-exempt Income
$36,213,024
$33,931,183
Ordinary Income
$105,178
$98,639
Total
$36,318,202
$34,029,822
 
Delayed Delivery Transactions and When-Issued Securities. During the period, certain Funds transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. Securities purchased on a delayed delivery or when-issued basis are identified as such in the Schedule of Investments. Compensation for interest forgone in the purchase of a delayed delivery or when-issued debt security may be received. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Payables and receivables associated with the purchases and sales of delayed delivery securities having the same coupon, settlement date and broker are offset. Delayed delivery or when-issued securities that have been purchased from and sold to different brokers are reflected as both payables and receivables in the Statement of Assets and Liabilities under the caption "Delayed delivery", as applicable. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.
 
Restricted Securities (including Private Placements). Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities held at period end is included at the end of the Schedule of Investments, if applicable.
4. Purchases and Sales of Investments.
Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.
 
 
Purchases ($)
Sales ($)
Fidelity New York Municipal Income Fund
274,316,327
187,385,957
5. Fees and Other Transactions with Affiliates.
Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee.
 
The Fund's management contract incorporates a management fee rate that may vary by class. The investment adviser or an affiliate pays certain expenses of managing and operating the Fund out of each class's management fee. Each class of the Fund pays a management fee to the investment adviser. The management fee is calculated and paid to the investment adviser every month. When determining a class's management fee, a mandate rate is calculated based on the monthly average net assets of a group of funds advised by FMR within a designated asset class. A discount rate is subtracted from the mandate rate once the Fund's monthly average net assets reach a certain level. The mandate rate and discount rate may vary by class. The annual management fee rate for a class of shares of the Fund is the lesser of (1) the class's mandate rate reduced by the class's discount rate (if applicable) or (2) the amount set forth in the following table.
 
 
Maximum Management Fee Rate %
Class A
.49
Class M
.45
Class C
.44
New York Municipal Income
.43
Class I
.51
Class Z
.40
 
One-twelfth of the management fee rate for a class is applied to the average net assets of the class for the month, giving a dollar amount which is the management fee for the class for that month. A different management fee rate may be applicable to each class of the Fund. The difference between classes is the result of separate arrangements for class-level services and/or waivers of certain expenses. It is not the result of any difference in advisory or custodial fees or other expenses related to the management of the Fund's assets, which do not vary by class. For the reporting period, the total annualized management fee rates were as follows:
 
 
Total Management Fee Rate %
Class A
.49
Class M
.45
Class C
.44
New York Municipal Income
.43
Class I
.51
Class Z
.40
 
Distribution and Service Plan Fees. In accordance with Rule 12b-1 of the 1940 Act, the Fund has adopted separate Distribution and Service Plans for each class of shares. Certain classes pay Fidelity Distributors Company LLC (FDC), an affiliate of the investment adviser, separate Distribution and Service Fees, each of which is based on an annual percentage of each class' average net assets. In addition, FDC may pay financial intermediaries for selling shares of the Fund and providing shareholder support services. For the period, the Distribution and Service Fee rates, total fees and amounts retained by FDC were as follows:
 
 
Distribution Fee
Service Fee
Total Fees ($)
Retained by FDC ($)
Class A
 - %
 .25%
70,626
1,824
Class M
 - %
 .25%
 8,721
 815
Class C
 .75%
 .25%
 30,546
 4,249
 
 
 
109,893
6,888
 
Sales Load. FDC may receive a front-end sales charge of up to 4.00% for selling Class A shares and Class M shares, some of which is paid to financial intermediaries for selling shares of the Fund. Depending on the holding period, FDC may receive contingent deferred sales charges levied on Class A, Class M and Class C redemptions. The deferred sales charges are 1.00% for Class C shares, .75% for certain purchases of Class A shares and .25% for certain purchases of Class M shares.
 
For the period, sales charge amounts retained by FDC were as follows:
 
 
Retained by FDC ($)
Class A
 1,795
Class M
 167
 
         1,962
 
 
Interfund Trades. Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board of Trustees. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note. Interfund trades during the period are noted in the table below.
 
 
Purchases ($)
Sales ($)
Realized Gain (Loss) ($)
Fidelity New York Municipal Income Fund
 -
 13,894,924
 (33,953)
6. Committed Line of Credit.
Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes.
 
Commitment fees are charged based on the unused amount of the line of credit at an annual rate of .10%, and then allocated to each participating fund based on its pro-rata portion of the line of credit. The commitment fees are reflected in Miscellaneous expenses on the Statement of Operations, and are listed below.
 
Interest is charged to a participating fund based on its borrowings at an annual rate of .75% plus the highest of (i) daily SOFR plus a .10% spread adjustment, (ii) Federal Funds Effective Rate, or (iii) Overnight Bank Funding Rate. During the period, there were no borrowings on this line of credit.  
 
The line of credit agreement will expire in March 2026 unless extended or renewed.
 
 
Amount ($)
Fidelity New York Municipal Income Fund
1,621
7. Expense Reductions.
Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. During the period, custodian credits reduced the Fund's expenses by $184.
8. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
 
 
Year ended
January 31, 2026
Year ended
January 31, 2025
Fidelity New York Municipal Income Fund
 
 
Distributions to shareholders
 
 
Class A
$739,966
 $756,570
Class M
 92,515
 102,764
Class C
 58,572
 68,758
New York Municipal Income
 33,108,828
 31,096,475
Class I
 1,175,739
 1,212,739
Class Z
 1,142,582
 792,516
Total  
$36,318,202
$34,029,822
9. Share Transactions.
Share transactions for each class were as follows and may contain in-kind transactions, automatic conversions between classes or exchanges between affiliated funds:
 
 
Shares
Shares
Dollars
Dollars
 
Year ended
 January 31, 2026
Year ended
 January 31, 2025
Year ended
 January 31, 2026
Year ended
 January 31, 2025
Fidelity New York Municipal Income Fund
 
 
 
 
Class A
 
 
 
 
Shares sold
190,801
332,877
$2,348,106
$4,109,069
Reinvestment of distributions 
52,666
53,774
642,958
663,368
Shares redeemed
(352,537)
(530,681)
(4,288,739)
(6,559,801)
Net increase (decrease)
(109,070)
(144,030)
$(1,297,675)
$(1,787,364)
Class M
 
 
 
 
Shares sold
6,229
28,509
$76,285
$350,075
Reinvestment of distributions 
6,366
6,581
77,744
81,246
Shares redeemed
(91,254)
(44,618)
(1,107,182)
(549,571)
Net increase (decrease)
(78,659)
(9,528)
$(953,153)
$(118,250)
Class C
 
 
 
 
Shares sold
20,070
70,908
$244,510
$883,795
Reinvestment of distributions 
4,780
5,504
58,322
67,878
Shares redeemed
(75,374)
(157,726)
(928,292)
(1,949,872)
Net increase (decrease)
(50,524)
(81,314)
$(625,460)
$(998,199)
New York Municipal Income
 
 
 
 
Shares sold
26,834,462
15,088,018
$326,589,455
$186,504,262
Reinvestment of distributions 
1,495,882
1,526,945
18,277,431
18,847,232
Shares redeemed
(21,069,482)
(17,931,212)
(256,336,121)
(221,342,734)
Net increase (decrease)
7,260,862
(1,316,249)
$88,530,765
$(15,991,240)
Class I
 
 
 
 
Shares sold
1,155,237
674,890
$14,033,026
$8,325,990
Reinvestment of distributions 
54,179
60,210
661,487
742,226
Shares redeemed
(995,342)
(965,237)
(12,015,157)
(11,887,210)
Net increase (decrease)
214,074
(230,137)
$2,679,356
$(2,818,994)
Class Z
 
 
 
 
Shares sold
1,479,155
1,304,761
$17,843,393
$16,065,098
Reinvestment of distributions 
44,271
30,880
541,058
380,830
Shares redeemed
(895,689)
(331,355)
(10,891,548)
(4,107,467)
Net increase (decrease)
627,737
1,004,286
$7,492,903
$12,338,461
10. Other.
A fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the fund. In the normal course of business, a fund may also enter into contracts that provide general indemnifications. A fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against a fund. The risk of material loss from such claims is considered remote.
11. Risk and Uncertainties.
Many factors affect a fund's performance. Developments that disrupt global economies and financial markets, such as public health emergencies, military conflicts, terrorism, government restrictions, political changes, and environmental disasters, may significantly affect a fund's investment performance. The effects of these developments to a fund will be impacted by the types of securities in which a fund invests, the financial condition, industry, economic sector, and geographic location of an issuer, and a fund's level of investment in the securities of that issuer. Significant concentrations in security types, issuers, industries, sectors, and geographic locations may magnify the factors that affect a fund's performance.
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Fidelity New York Municipal Trust and the Shareholders of Fidelity New York Municipal Income Fund:
Opinion on the Financial Statements and Financial Highlights
We have audited the accompanying statement of assets and liabilities of Fidelity New York Municipal Income Fund (the "Fund"), a fund of Fidelity New York Municipal Trust, including the schedule of investments, as of January 31, 2026, the related statement of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for each of the five years in the period then ended, and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of January 31, 2026, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of January 31, 2026, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/ Deloitte & Touche LLP
Boston, Massachusetts
March 13, 2026
We have served as the auditor of one or more of the Fidelity investment companies since 1999.
Distributions
 (Unaudited)
 
The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.
 
During fiscal year ended 2026, 100% of the fund's income dividends was free from federal income tax, and 16.72% of the fund's income dividends was subject to the federal alternative minimum tax.
 
The fund will notify shareholders in January 2027 of amounts for use in preparing 2026 income tax returns.
Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies
(Unaudited)
Note: This is not applicable for any fund included in this document.
Item 9: Proxy Disclosures for Open-End Management Investment Companies
(Unaudited)
Note: This is not applicable for any fund included in this document.
Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies
(Unaudited)
Note: This information is disclosed as part of the financial statements for each Fund as part of Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.
 
Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract
(Unaudited)
 
Board Approval of Investment Advisory Contracts and Management Fees
Fidelity New York Municipal Income Fund
Each year, the Board of Trustees, including the Independent Trustees (together, the Board), considers the renewal of the fund's management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for the fund. FMR and the sub-advisers are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.
The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board's Operations Committee, of which all the Independent Trustees are members, meets regularly throughout the year and requests, receives and considers, among other matters, information related to the annual consideration of the renewal of the fund's Advisory Contracts before making its recommendation to the Board. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet from time to time with trustees of other Fidelity U.S. registered funds (Fidelity funds) through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.
At its September 2025 meeting, the Board unanimously determined to renew the fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services provided to the fund and its shareholders (including the investment performance of the fund); (ii) the competitiveness relative to peer funds of the fund's management fee and the total expense ratio of a representative class; (iii) the total costs of the services provided by and the profits realized by FMR and its affiliates (Fidelity) from its relationships with the fund; and (iv) the extent to which, if any, economies of scale exist and are realized as the fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board also considered the broad range of investment choices available to shareholders from FMR's competitors and that the fund's shareholders have chosen to invest in the fund, which is part of the Fidelity family of funds. The Board's decision to renew the Advisory Contracts was not based on any single factor and the factors may have been weighed differently by individual Trustees.
The Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable in light of all of the surrounding circumstances.
Nature, Extent, and Quality of Services Provided. The Board considered Fidelity's staffing as it relates to the fund, including the backgrounds and experience of investment personnel of the Investment Advisers, and also considered the Investment Advisers' implementation of the fund's investment program. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of the fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.
Resources Dedicated to Investment Management and Support Services. The Board reviewed the general qualifications and capabilities of the Investment Advisers' staff, such as size, education, experience, and resources, as well as the Investment Advisers' approach to recruiting, managing, training, and compensating investment personnel. The Board noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, and to transmit new information and research conclusions rapidly. Additionally, in its deliberations, the Board considered Fidelity's trading, risk management, compliance, cybersecurity, technology and operations capabilities and resources, which are integral parts of the investment management process.
Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, shareholder, transfer agency, and pricing and bookkeeping services performed by Fidelity under the Advisory Contracts; (ii) the nature and extent of Fidelity's supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted by Fidelity to, and the record of compliance with, the fund's compliance policies and procedures, including with respect to liquidity risk management.
The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account and market information over the Internet, via the Fidelity mobile app and through telephone representatives, investor education materials and asset allocation tools. The Board also considered that it reviews customer service metrics such as telephone response times, continuity of services on the website and metrics addressing services at Fidelity Investor Centers.
Investment in a Large Fund Family. The Board considered the benefits to shareholders of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of fund investor services. The Board noted that Fidelity had taken, or had made recommendations to the Board that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds and/or the Fidelity funds in general.
Investment Performance. The Board took into account discussions that occur with representatives of the Investment Advisers, and reports that it receives, at Board meetings throughout the year relating to fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considered annualized return information for the fund for different time periods, measured against an appropriate index (benchmark index) and an appropriate peer group of funds with similar objectives (peer group). The Board also considered information about performance attribution. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds over different time periods and discussed with the Investment Advisers the reasons for such underperformance.
In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. The Independent Trustees generally give greater weight to fund performance over longer time periods than over shorter time periods. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.
Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.
Competitiveness of Management Fee and Total Expense Ratio. The Board was provided with information regarding industry trends in management fees and expenses. The Board considered that, effective March 1, 2024, the fund has class-level management fees based on tiered schedules and subject to a maximum class-level rate (the management fee). The Board also considered that in exchange for the variable management fee, each class of the fund receives investment advisory, management, administrative, transfer agent, and pricing and bookkeeping services. In its review of the management fee and total expense ratio of the representative class of the fund (the retail class), the Board considered the effective management fee rate for the retail class from March 2024 to December 2024, as well as other third-party fund expenses, as applicable, such as custodial, legal, and audit fees. The Board noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for the fund.
Comparisons of Management Fees and Total Expense Ratios. Among other things, the Board reviewed data for selected groups of competitive funds and classes (referred to as "total peer groups") that were compiled by Fidelity based on combining similar Morningstar categories that have comparable investment mandates and sales load types (as classified by Lipper). The data reviewed by the Board included (i) gross management fee comparisons (before taking into account expense reimbursements or caps) for the retail class of the fund relative to the funds and classes in the total peer group; (ii) gross management fee comparisons of the retail class of the fund relative to a subset of non-Fidelity funds in the total peer group that are similar in size to the fund (referred to as the "asset-sized peer group"); (iii) total expense comparisons of the retail class of the fund relative to the total peer group; and (iv) total expense comparisons (excluding performance adjustments and fund-paid 12b-1 fees) of the retail class of the fund relative to the asset-sized peer group. The asset-sized peer group comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures. The Board also reviewed information about any share classes with above median management fees or total expenses.
The information provided to the Board indicated that the management fee rate of the retail class of the fund ranked below the competitive median of the total peer group for 2024 and below the competitive median of the asset-sized peer group for 2024. Further, the information provided to the Board indicated that the total expense ratio of the retail class of the fund ranked below the competitive median of the total peer group for 2024 and below the competitive median of the asset-sized peer group for 2024.
The Board noted that a different variable management fee rate is applicable to each class of the fund. The Board considered that the difference in management fee rates between classes is the result of separate arrangements for class-level services and/or waivers of certain expenses and not the result of any difference in advisory or custodial fees or other expenses related to the management of the fund's assets, which do not vary by class.
Fees Charged to Other Fidelity Clients. The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity other than the fund, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar investment mandates. The Board noted that a joint ad hoc committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds and also noted the most recent findings of the committee. The Board noted that the committee's review included a consideration of the differences in services provided, fees charged, and costs incurred, as well as competition in the markets serving the different categories of clients.
Based on its review, the Board concluded that the management fee of each class of the fund is fair and reasonable in light of the services that the fund receives and the other factors considered. Further, based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the total expense ratio of each class of the fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.
Costs of the Services and Profitability. The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the fund and servicing the fund's shareholders. The Board also considered the level of Fidelity's profits in respect of the fund and all the Fidelity funds.
On an annual basis, Fidelity presents to the Board information about the profitability of its relationships with the fund. Fidelity calculates profitability information for each Fidelity fund, as well as aggregate profitability information for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies.
A public accounting firm has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. The engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's fund business. After considering the reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.
The Board also reviewed Fidelity's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's fund business (i.e., fall-out benefits) as well as cases where Fidelity's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board's consideration of these matters was informed by the findings of a joint ad hoc committee created by it and the boards of other Fidelity funds to evaluate potential fall-out benefits.
The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of the fund and was satisfied that the profitability was not excessive.
Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including the fund)  and their shareholders have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which the fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board also noted that a committee created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale. The Board's consideration of these matters was informed by the findings of the committee.
The Board recognized that the fund's management contract incorporates a variable management fee structure, which provides breakpoints as a way to share, in part, any potential economies of scale that may exist at the asset class level determined based on the total assets of specified Fidelity funds in the same asset class as the fund, and through a discount that considers both fund size and the total assets of a broader group of specified Fidelity funds. The Board considered that the variable management fee is designed to deliver the benefits of economies of scale to fund shareholders even if assets of any particular fund are unchanged or have declined, because some portion of Fidelity's costs are attributable to services provided to all funds subject to the variable management fee, and all such funds benefit if those costs can be allocated among more assets. The Board concluded that, given the variable management fee structure, fund shareholders will benefit from lower management fees due to the application of the breakpoints and discount, regardless of whether Fidelity achieves any such economies of scale.
The Board concluded, taking into account the analysis of the committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.
Additional Information Requested by the Board. In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) portfolio manager changes that have occurred during the past year; (ii) hiring, training, compensating, and retaining adviser and sub-adviser personnel; (iii) the terms of the funds' various management fee structures and arrangements for transfer agent and pricing and bookkeeping services; (iv) Fidelity's fund profitability methodology, profitability trends for certain funds and asset classes, the allocation of various costs to different funds, and the impact of certain factors on fund profitability results; (v) information about the role of fund profitability in considering changes to the fund lineup; (vi) the types of management fee and total expense comparisons provided, and challenges and limitations associated with such information; (vii) explanations regarding the relative total expense ratios and management fees of certain funds and classes, total expense and management fee competitive trends, and methodologies for total expense and management fee competitive comparisons; (viii) matters related to money market funds, bond funds, allocation funds, exchange-traded funds, and target date funds; (ix) the arrangements with and compensation paid to certain fund sub-advisers and the treatment of such compensation within Fidelity's fund profitability methodology; and (x) the terms of management contracts between Fidelity and other funds and products not overseen by the Board.
Conclusion. Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board, including the Independent Trustees, concluded that the advisory and sub-advisory fee arrangements are fair and reasonable in light of all of the surrounding circumstances and that the fund's Advisory Contracts should be renewed through September 30, 2026.
 
1.783104.125
NFY-ANN-0426

Item 8.

Changes in and Disagreements with Accountants for Open-End Management Investment Companies


See Item 7.


Item 9.

Proxy Disclosures for Open-End Management Investment Companies


See Item 7.


Item 10.

Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies


See Item 7.


Item 11.

Statement Regarding Basis for Approval of Investment Advisory Contract


See Item 7.


Item 12.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies


Not applicable.


Item 13.

Portfolio Managers of Closed-End Management Investment Companies


Not applicable.


Item 14.  

Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers


Not applicable.


Item 15.

Submission of Matters to a Vote of Security Holders


There were no material changes to the procedures by which shareholders may recommend nominees to the trust’s Board of Trustees.


Item 16.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the trust’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.


(a)(ii) There was no change in the trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust’s internal control over financial reporting.


Item 17.

Disclosure of Securities Lending Activities for Closed-End Management Investment Companies


Not applicable.


Item 18.

Recovery of Erroneously Awarded Compensation


(a)

Not applicable.


(b)

Not applicable.


Item 19.

Exhibits


(a)

(1)

Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH.

(a)

(2)

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

(a)

(3)

Not applicable.

(b)

 

Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Fidelity New York Municipal Trust



By:

/s/Laura M. Del Prato

 

Laura M. Del Prato

 

President and Treasurer (Principal Executive Officer)

 

 

Date:

March 25, 2026


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By:

/s/Laura M. Del Prato

 

Laura M. Del Prato

 

President and Treasurer (Principal Executive Officer)

 

 

Date:

March 25, 2026



By:

/s/Stephanie Caron

 

Stephanie Caron

 

Chief Financial Officer (Principal Financial Officer)

 

 

Date:

March 25, 2026