FEMIX Fees and Costs — Fidelity New York Municipal Income Fund, Class I
Data updated: 2026-09-23
The net expense ratio is 0.53%: a 0.51% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 16%.
FEMIX Fees and Expenses
Annual operating expenses and sales charges of FEMIX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.53% |
| Fee waiver | — |
| Net expense ratio | 0.53% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FEMIX Costs Over Time
On $10,000 invested in FEMIX, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.53%) | $56 | $174 | $304 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $183 | $335 |
| Value after costs | $10,444 | $11,393 | $12,428 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
FEMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $416.9M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
FEMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO and CO | $74.5M | 20.46% |
| SAR HOLDINGS INC | $71.6M | 19.65% |
| JPMORGAN CHASE and CO | $62.1M | 17.04% |
| BANK OF AMERICA CORPORATION | $42.5M | 11.67% |
| GOLDMAN SACHS GROUP INC (THE) | $25.5M | 7.00% |
| RAYMOND JAMES FINANCIAL INC. | $21.4M | 5.86% |
| MORGAN STANLEY | $21.3M | 5.85% |
| JEFFERIES FINANCIAL GROUP INC | $20.2M | 5.54% |
| ROYAL BANK OF CANADA | $16.9M | 4.63% |
| UBS GROUP AG | $8.4M | 2.30% |
Fidelity New York Municipal Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIJAX | Class Z | 0.42% | none |
| FTFMX | Fidelity New York Municipal Income Fund | 0.45% | — |
| FEMIX | Class I | 0.53% | none |
| FNYPX | Class M | 0.72% | 4.00% |
| FNMAX | Class A | 0.76% | 4.00% |
| FNYCX | Class C | 1.46% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.