Mutual Fund Insights: Fidelity Advisor NY Municipal Inc A Fund (FNMAX)

In-depth Analysis of Fidelity Advisor NY Municipal Inc A Fund (FNMAX)

3 months 6 months 1 year 3 year 5 year

See Fidelity Advisor NY Municipal Inc A Fund (FNMAX) performance details as of January 31, 2010

  

Last Trade: $12.97 on 3/17/2010, Change: +0.01 (0.08%)

  

Fund Manager - Mark Sommer

Fund Manager Tenure: 7.6 years
Fundmojo Fund Grade: B (Score: 0.61)     (What does this score mean?)

Sommer is manager of New York Municipal Income Fund, which he has managed since June 2002. He also manages other Fidelity funds. Since joining Fidelity in 1992, Sommer has worked as an analyst and manager.  Get more insights on Mark Sommer

  

 What we like about Fidelity Advisor NY Municipal Inc A Fund (FNMAX)

Data for Fidelity Advisor NY Municipal Inc A Fund (FNMAX) as of January 31, 2010

• Fidelity Advisor NY Municipal Inc A Fund (FNMAX) management has been with Fidelity Advisor NY Municipal Inc A Fund for 7.6 years
• Fidelity Advisor NY Municipal Inc A Fund (FNMAX) has good mid-term performance (3-year return 4.13% vs 3.02% Muni New York Long category average)
• Fidelity Advisor NY Municipal Inc A Fund (FNMAX) has good Long-term performance (5-year return 3.62% vs 3.20% Muni New York Long category average)
• Fidelity Advisor NY Municipal Inc A Fund (FNMAX) ratio of up-years vs down years is greater than 2
• Fidelity Advisor NY Municipal Inc A Fund (FNMAX) has an annual stock turnover rate of 17.00% vs Muni New York Long average of 27.73%. It is good that Fidelity Advisor NY Municipal Inc A management does not trade extensively for its return.
• Fidelity Advisor NY Municipal Inc A Fund (FNMAX) is less volatile than its peers as it has a 3-year Standard Deviation of 5.95, lower than category average of 7.67
• Fidelity Advisor NY Municipal Inc A Fund (FNMAX) has a lower management fee than its Muni New York Long average: 0.75% vs 1.06%

  

 What we are cautious about Fidelity Advisor NY Municipal Inc A Fund (FNMAX)

Data for Fidelity Advisor NY Municipal Inc A Fund (FNMAX) as of January 31, 2010

• Fidelity Advisor NY Municipal Inc A Fund (FNMAX) has a less-than-ideal short-term performance (1-year return 8.40% vs 13.57% Muni New York Long category average)
• Fidelity Advisor NY Municipal Inc A Fund (FNMAX) has a Morningstar rating of 3 and below
• Fidelity Advisor NY Municipal Inc A Fund (FNMAX) is less safe compared to its Muni New York Long peers
• Fidelity Advisor NY Municipal Inc A Fund (FNMAX) carries a 4% load

See Fidelity Advisor NY Municipal Inc A Fund (FNMAX) performance details as of January 31, 2010

  

  

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Fidelity Advisor NY Municipal Inc A Fund (FNMAX) Net Asset

Track net asset change of Fidelity Advisor NY Municipal Inc A fund (FNMAX)

Date	Net Asset
01/2010	$35.21M
11/2009	$35.19M
10/2009	$33.45M

More historic net asset information on Fidelity Advisor NY Municipal Inc A Fund (FNMAX)

  

Fidelity Advisor NY Municipal Inc A Fund (FNMAX) Portfolio Allocation

Track portfolio allocation change of Fidelity Advisor NY Municipal Inc A fund (FNMAX)

Date	Cash	Stock	Bond	Other
10/2009	0.25%	0%	99.75%	0%
09/2009	0.24%	0%	99.76%	0%
07/2009	0.27%	0%	99.73%	0%

Click here to see more historic asset allocation information on Fidelity Advisor NY Municipal Inc A Fund (FNMAX)

  

Most Recent Top 10 Holdings in Fidelity Advisor NY Municipal Inc A Fund (FNMAX)

Discover what Fidelity Advisor NY Municipal Inc A Fund (FNMAX) manager is buying

31-Oct-09 New York St Twy Auth 5.5% [2.84%] New York Convention Ctr Dev Co Rev Bd 5% [2.56%] New York St Dorm Auth 5.75% [1.85%] New York St Urban Dev Corp Rev Inco 5.5% [1.53%] New York St Pwr Auth 5.25% [1.49%] New York N Y City Transitional 5% [1.18%] New York N Y City Mun Wtr Fin Wtr Swr 5% [1.17%] New York St Dorm Auth 5% [1.16%] Metropolitan Transn Auth 5% [1.15%] New York St Dorm Auth 5% [1.1%]

30-Sep-09 New York St Twy Auth 5.5% [2.98%] New York Convention Ctr Dev Co Rev Bd 5% [2.67%] New York St Dorm Auth 5.75% [1.83%] New York St Urban Dev Corp Rev Inco 5.5% [1.59%] New York St Pwr Auth 5.25% [1.48%] New York St Dorm Auth 5% [1.19%] New York N Y City Mun Wtr Fin Wtr Swr 5% [1.19%] New York N Y City Transitional 5% [1.18%] METROPOLITAN TRANSN AUTH N Y D TAX FUND [1.17%] New York St Dorm Auth 5.25% [1.12%]

31-Jul-09 New York St Twy Auth 5.5% [3.08%] New York Convention Ctr Dev Co Rev Bd 5% [2.53%] New York St Dorm Auth 5.75% [2.01%] New York St Urban Dev 5.5% [1.62%] New York St Pwr Auth 5.25% [1.6%] New York N Y City Transitional 5% [1.25%] New York N Y City Mun Wtr Fin Wtr Swr 5% [1.22%] New York St Dorm Auth 5% [1.2%] METROPOLITAN TRANSN AUTH N Y D TAX FUND [1.19%] New York St Dorm Auth 5.25% [1.16%]

Click here for Stock Holding Change Map in Fidelity Advisor NY Municipal Inc A Fund (FNMAX)

  

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See more information on Fidelity Advisor NY Municipal Inc A Fund (FNMAX)

• Fidelity Advisor NY Municipal Inc A Fund Insights
• Fidelity Advisor NY Municipal Inc A Fund Performance Data
• Fidelity Advisor NY Municipal Inc A Fund News
• Fidelity Advisor NY Municipal Inc A Fund Score Explaination
• Fidelity Advisor NY Municipal Inc A Fund Manager Information
• Historic Fidelity Advisor NY Municipal Inc A Fund Asset Allocation Report
• Historic Fidelity Advisor NY Municipal Inc A Fund Top 10 Holding Tracking
• Historic Fidelity Advisor NY Municipal Inc A Fund Asset Under Management Tracking