Fidelity Advisor New York Municipal Income Fund Class Z (FIJAX)
The investment seeks a high level of current income, exempt from federal and New York State and City personal income taxes. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and New York State and City personal income taxes. It allocates assets across different market sectors and maturities. The fund potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. It is non-diversified.
Fund Info
US3163378496
Oct 2, 2018
$0
Expense Ratio
FIJAX has an expense ratio of 0.43%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Fidelity Advisor New York Municipal Income Fund Class Z (FIJAX) returned -1.84% year-to-date (YTD) and 1.86% over the past 12 months.
FIJAX
-1.84%
0.08%
-3.10%
1.86%
1.80%
0.71%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of FIJAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.24% | 1.11% | -2.02% | -0.66% | -0.50% | -1.84% | |||||||
| 2024 | 0.07% | -0.02% | -0.24% | -1.08% | -0.25% | 1.57% | 1.20% | 0.57% | 1.35% | -1.52% | 1.79% | -1.52% | 1.86% |
| 2023 | 3.57% | -2.32% | 2.16% | -0.25% | -0.37% | 1.05% | 0.23% | -1.49% | -3.18% | -1.25% | 6.67% | 2.81% | 7.45% |
| 2022 | -3.05% | -0.52% | -3.58% | -3.26% | 1.56% | -1.91% | 2.49% | -2.34% | -3.87% | -1.25% | 5.25% | -0.17% | -10.54% |
| 2021 | 0.93% | -1.79% | 0.78% | 1.22% | 0.77% | 0.47% | 0.77% | -0.47% | -0.92% | -0.19% | 1.06% | 0.18% | 2.79% |
| 2020 | 1.83% | 1.50% | -3.86% | -3.04% | 3.17% | 1.18% | 1.55% | -0.47% | -0.18% | -0.25% | 1.99% | 0.98% | 4.25% |
| 2019 | 0.85% | 0.51% | 1.75% | 0.52% | 1.58% | 0.28% | 0.81% | 1.84% | -0.97% | -0.01% | 0.12% | 0.33% | 7.85% |
| 2018 | -0.25% | 1.22% | 1.25% | 2.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FIJAX is 25, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Advisor New York Municipal Income Fund Class Z (FIJAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Fidelity Advisor New York Municipal Income Fund Class Z provided a 2.91% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.35 | $0.33 | $0.32 | $0.40 | $0.38 | $0.39 | $0.11 |
Dividend yield | 2.91% | 2.82% | 2.66% | 2.66% | 2.91% | 2.81% | 2.89% | 0.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor New York Municipal Income Fund Class Z. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2022 | $0.02 | $0.02 | $0.04 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.11 | $0.40 |
| 2020 | $0.03 | $0.03 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.38 |
| 2019 | $0.03 | $0.03 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.39 |
| 2018 | $0.03 | $0.05 | $0.03 | $0.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor New York Municipal Income Fund Class Z. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor New York Municipal Income Fund Class Z was 15.50%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Fidelity Advisor New York Municipal Income Fund Class Z drawdown is 4.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.5% | Aug 6, 2021 | 310 | Oct 25, 2022 | — | — | — |
| -12% | Mar 10, 2020 | 9 | Mar 20, 2020 | 190 | Dec 18, 2020 | 199 |
| -2.39% | Feb 16, 2021 | 8 | Feb 25, 2021 | 50 | May 7, 2021 | 58 |
| -1.9% | Sep 5, 2019 | 9 | Sep 17, 2019 | 77 | Jan 7, 2020 | 86 |
| -0.51% | Jun 15, 2021 | 8 | Jun 24, 2021 | 8 | Jul 7, 2021 | 16 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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