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Form N-CSRS FIDELITY NEW YORK MUNICI For: Jul 31

September 21, 2021 10:51 AM EDT


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, MA 02210

 (Address of principal executive offices)       (Zip code)


Cynthia Lo Bessette, 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:

July 31, 2021


Item 1.

Reports to Stockholders





Fidelity® New York Municipal Income Fund



Semi-Annual Report

July 31, 2021

Includes Fidelity and Fidelity Advisor share classes

Fidelity Investments



Fidelity Investments

Contents

Note to Shareholders

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Liquidity Risk Management Program


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. © 2021 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.



Note to Shareholders:

Early in 2020, the outbreak and spread of a new coronavirus emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and the outlook for corporate earnings. The virus causes a respiratory disease known as COVID-19. On March 11, 2020 the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread.

In the weeks following, as the crisis worsened, we witnessed an escalating human tragedy with wide-scale social and economic consequences from coronavirus-containment measures. The outbreak of COVID-19 prompted a number of measures to limit the spread, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. Amid the turmoil, global governments and central banks took unprecedented action to help support consumers, businesses, and the broader economies, and to limit disruption to financial systems.

The situation continues to unfold, and the extent and duration of its impact on financial markets and the economy remain highly uncertain. Extreme events such as the coronavirus crisis are “exogenous shocks” that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets.

Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we’re taking extra steps to be responsive to customer needs. We encourage you to visit our websites, where we offer ongoing updates, commentary, and analysis on the markets and our funds.

Investment Summary (Unaudited)

Top Five Sectors as of July 31, 2021

 % of fund's net assets 
Special Tax 28.9 
Transportation 24.7 
Education 17.4 
General Obligations 10.8 
Health Care 6.4 

Quality Diversification (% of fund's net assets)

As of July 31, 2021 
   AAA 1.5% 
   AA,A 89.9% 
   BBB 6.9% 
   Not Rated 0.9% 
   Short-Term Investments and Net Other Assets 0.8% 


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.

Schedule of Investments July 31, 2021 (Unaudited)

Showing Percentage of Net Assets

Municipal Bonds - 99.2%   
 Principal Amount (000s) Value (000s) 
Guam - 0.0%   
Guam Int'l. Arpt. Auth. Rev. Series 2019 A, 5% 10/1/22 (a) 1,000 1,052 
New York - 92.7%   
Battery Park City Auth. Rev. Series 2019 A, 4% 11/1/44 3,015 3,624 
Brookhaven Loc Dev. Corp. Series 2020, 4% 11/1/45 1,000 1,137 
Buffalo and Erie County Indl. Land Rev. (Catholic Health Sys., Inc. Proj.) Series 2015:   
5% 7/1/24 $600 $678 
5% 7/1/25 455 531 
5% 7/1/26 450 525 
5% 7/1/27 600 699 
5% 7/1/28 360 419 
5% 7/1/29 300 349 
5% 7/1/30 575 668 
5% 7/1/40 1,000 1,156 
5.25% 7/1/35 1,000 1,165 
Buffalo Muni. Wtr. Fin. Auth. Series 2015 A, 5% 7/1/29 500 587 
Dorm. Auth. New York Univ. Rev.:   
(Fordham Univ. Proj.) Series 2017:   
5% 7/1/30 625 777 
5% 7/1/32 1,500 1,855 
(Orange Reg'l. Med. Ctr. Proj.) Series 2017, 5% 12/1/28 (b) 4,000 4,947 
(St Johns Univ., NY. Proj.) Series 2017 A:   
5% 7/1/28 750 931 
5% 7/1/29 1,400 1,727 
5% 7/1/30 1,250 1,534 
(State Univ. of New York Proj.) Series 2017 A:   
5% 7/1/32 1,500 1,859 
5% 7/1/34 3,000 3,704 
Series 2016 A:   
5% 7/1/36 8,000 9,642 
5% 7/1/39 7,400 8,883 
5% 7/1/41 2,500 2,967 
5% 7/1/46 8,000 9,437 
5% 7/1/50 6,280 7,391 
Series 2017, 5% 12/1/32 (b) 4,000 4,877 
Dutchess County Local Dev. Corp. Rev.:   
(Health Quest Systems, Inc. Proj.) Series 2016 B:   
5% 7/1/26 1,400 1,699 
5% 7/1/46 9,025 10,728 
(Marist College Proj.) Series 2015 A:   
5% 7/1/26 550 648 
5% 7/1/27 350 411 
5% 7/1/28 500 585 
5% 7/1/29 725 846 
5% 7/1/31 2,610 3,036 
5% 7/1/32 2,660 3,095 
5% 7/1/33 2,770 3,220 
5% 7/1/34 2,935 3,413 
5% 7/1/35 3,000 3,487 
5% 7/1/36 1,000 1,162 
5% 7/1/40 8,500 9,876 
(The Culinary Institute of America Proj.) Series 2018:   
5% 7/1/26 850 1,008 
5% 7/1/30 1,100 1,349 
5% 7/1/35 855 1,035 
(Vassar College Proj.) Series 2017:   
5% 7/1/35 1,100 1,364 
5% 7/1/36 1,430 1,770 
5% 7/1/37 1,705 2,111 
Erie County Fiscal Stability Auth.:   
Series 2017 C, 5% 9/1/31 1,050 1,315 
Series 2017 D:   
5% 9/1/33 525 655 
5% 9/1/34 850 1,059 
5% 9/1/35 1,300 1,619 
Hempstead Local Dev. Corp. Rev.:   
(Adelphi Univ. Proj.) Series 2021:   
5% 6/1/22 100 104 
5% 6/1/25 400 465 
5% 6/1/26 550 657 
5% 6/1/28 155 194 
5% 6/1/30 200 260 
5% 6/1/32 200 261 
(Molloy College Proj.) Series 2017:   
5% 7/1/32 740 889 
5% 7/1/33 475 569 
Hudson Yards Infrastructure Corp. New York Rev.:   
Series 2011, 5.25% 2/15/47 6,015 6,036 
Series 2012 A, 5.75% 2/15/47 7,175 7,204 
Series 2017 A:   
4% 2/15/44 2,100 2,371 
5% 2/15/32 4,000 4,899 
5% 2/15/33 10,000 12,217 
5% 2/15/34 6,130 7,473 
5% 2/15/36 4,750 5,766 
5% 2/15/37 2,505 3,035 
5% 2/15/42 14,765 17,781 
Liberty Dev. Corp. Rev. Series 2005, 5.25% 10/1/35 11,440 16,703 
Long Island Pwr. Auth. Elec. Sys. Rev.:   
Series 2014 A, 5% 9/1/35 5,000 5,666 
Series 2016 B, 5% 9/1/36 3,500 4,221 
Series 2017, 5% 9/1/30 750 940 
Series 2020 A:   
5% 9/1/34 1,700 2,268 
5% 9/1/35 1,200 1,597 
5% 9/1/37 500 661 
5% 9/1/38 1,450 1,910 
Madison County Cap. Resource Corp. Rev. (Colgate Univ. Rfdg. Proj.) Series 2015 A:   
5% 7/1/30 1,125 1,316 
5% 7/1/32 1,250 1,461 
5% 7/1/33 1,000 1,167 
5% 7/1/35 1,000 1,165 
5% 7/1/40 4,000 4,652 
Monroe County Indl. Dev. Agcy. Rev. (Rochester Schools Modernization Proj.):   
Series 2015:   
5% 5/1/30 1,000 1,161 
5% 5/1/31 1,205 1,399 
Series 2018:   
5% 5/1/30 8,500 10,753 
5% 5/1/32 5,000 6,286 
5% 5/1/34 3,000 3,737 
Monroe County Indl. Dev. Corp.:   
(Rochester Reg'l. Health Proj.) Series 2020 A, 4% 12/1/46 2,500 2,959 
(St. Anns Cmnty. Proj.) Series 2019, 5% 1/1/50 4,430 5,019 
(The Rochester Gen. Hosp. Proj.) Series 2017:   
5% 12/1/31 1,595 1,902 
5% 12/1/34 760 901 
5% 12/1/35 700 829 
5% 12/1/36 700 828 
(Univ. of Rochester Proj.):   
Series 2015:   
5% 7/1/30 1,000 1,172 
5% 7/1/31 1,200 1,404 
5% 7/1/32 1,250 1,461 
Series 2017 A:   
5% 7/1/31 1,650 2,058 
5% 7/1/32 1,215 1,514 
5% 7/1/34 1,310 1,631 
Series 2017 C:   
4% 7/1/32 1,680 1,979 
5% 7/1/30 1,040 1,299 
5% 7/1/31 800 998 
Series 2017 D:   
5% 7/1/30 1,000 1,249 
5% 7/1/31 825 1,029 
Series 2020 A, 4% 7/1/50 5,000 5,926 
MTA Hudson Rail Yards Trust Oblig. Series 2016 A:   
5% 11/15/51 3,000 3,035 
5% 11/15/56 9,000 9,699 
Nassau County Local Econ. Assistance Corp. Series 2014 B, 5% 7/1/27 1,000 1,131 
New York Bridge Auth. Gen. Rev. Series 2021 A, 4% 1/1/51 1,085 1,305 
New York City Gen. Oblig.:   
Series 2017 A, 5% 8/1/34 5,355 6,502 
Series 2018 F, 5% 4/1/45 15,485 19,133 
Series 2019 D:   
5% 12/1/41 4,305 5,455 
5% 12/1/44 9,810 12,365 
Series 2020 D1, 4% 3/1/44 1,475 1,750 
Series 2021 A1:   
4% 8/1/34 3,250 4,012 
5% 8/1/32 5,000 6,675 
Series 2021 F1:   
5% 3/1/43 1,500 1,962 
5% 3/1/50 5,700 7,387 
Series B:   
5% 10/1/42 2,000 2,558 
5% 10/1/43 3,000 3,827 
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.:   
Series 2014 CC, 5% 6/15/47 6,200 6,969 
Series 2015 AA, 5% 6/15/44 6,200 6,976 
Series 2015 FF, 5% 6/15/32 2,000 2,341 
Series 2017 EE, 5% 6/15/37 10,000 12,368 
Series 2018 CC, 5% 6/15/48 7,070 8,669 
Series 2019 DD 1, 5% 6/15/49 6,925 8,751 
Series 2019 DD, 5.25% 6/15/49 4,410 5,639 
Series 2021 AA 1, 5% 6/15/50 14,610 18,978 
New York City Transitional Fin. Auth. Bldg. Aid Rev.:   
(New York State Gen. Oblig. Proj.) Series 2015 S-1, 5% 7/15/35 4,000 4,626 
Series 2016 S1, 5% 7/15/33 2,165 2,583 
Series 2016:   
5% 7/15/32 15,000 17,902 
5% 7/15/35 5,000 5,960 
Series 2018 S4, 5.25% 7/15/36 8,095 10,446 
Series 2019 S1, 5% 7/15/43 1,715 2,159 
New York City Transitional Fin. Auth. Rev.:   
Series 2015 E1, 5% 2/1/41 8,000 9,195 
Series 2017 A-1, 5% 5/1/34 1,065 1,282 
Series 2017 B, 5% 8/1/34 2,640 3,201 
Series 2017 E, 5% 2/1/33 5,290 6,487 
Series 2017 E-1, 5% 2/1/34 4,500 5,512 
Series 2017 F:   
5% 5/1/33 5,000 6,178 
5% 5/1/34 7,000 8,640 
5% 5/1/35 11,795 14,553 
5% 5/1/38 5,000 6,160 
Series 2018 A2, 5% 8/1/39 5,000 6,202 
Series 2018 B-1, 5% 8/1/34 3,000 3,730 
Series 2018 C2, 5% 5/1/37 4,690 5,906 
Series 2021 F1, 4% 11/1/38 1,500 1,846 
Series C1:   
4% 5/1/42 5,000 6,043 
4% 5/1/47 1,000 1,195 
Series E, 5% 2/1/43 5,845 7,106 
Series E1, 4% 2/1/49 14,000 16,779 
New York City Trust Cultural Resources Rev. Series 2021, 5% 7/1/31 5,000 6,896 
New York Convention Ctr. Dev. Corp. Rev.:   
Series 2015:   
5% 11/15/27 5,300 6,284 
5% 11/15/29 5,000 5,922 
5% 11/15/30 2,000 2,368 
5% 11/15/33 9,115 10,778 
5% 11/15/34 3,000 3,546 
5% 11/15/40 9,990 11,762 
Series 2016 A, 5% 11/15/46 13,450 16,128 
New York Dorm. Auth. Rev.:   
(Bond Fing. Prog.) Series 2016 E:   
5% 10/1/29 3,940 4,803 
5% 10/1/30 3,355 4,088 
(New York City Court Facilities Lease Proj.) Series 2005 A, 5.5% 5/15/28 2,700 3,537 
Series 2015 A:   
5% 7/1/28 5,000 5,836 
5% 7/1/29 5,000 5,827 
5% 5/1/30 3,450 3,980 
5% 7/1/30 10,120 11,876 
5% 7/1/30 5,000 5,815 
5% 5/1/31 11,000 12,668 
5% 7/1/31 15,000 17,442 
5% 10/1/31 1,595 1,891 
5% 10/1/32 1,550 1,836 
Series 2015 B:   
5% 7/1/28 1,300 1,527 
5% 7/1/29 1,400 1,644 
5% 7/1/30 1,400 1,644 
5% 7/1/31 1,400 1,644 
5% 7/1/32 1,450 1,701 
5% 7/1/33 1,750 2,052 
5% 10/1/33 1,010 1,194 
5% 10/1/34 1,070 1,263 
5% 7/1/40 2,545 2,950 
Series 2015:   
5% 12/1/21 (b) 800 812 
5% 12/1/23 (b) 700 771 
5% 12/1/24 (b) 600 684 
5% 12/1/27 (b) 1,200 1,390 
Series 2016 A:   
5% 7/1/31 1,200 1,450 
5% 7/1/31 600 728 
5% 7/1/32 800 968 
5% 7/1/33 800 965 
5% 7/1/34 650 784 
5% 7/1/35 500 602 
5% 7/1/41 1,000 1,200 
Series 2016 E, 5% 10/1/31 1,945 2,369 
Series 2019 A:   
4% 7/1/40 650 756 
4% 7/1/45 2,750 3,156 
5% 7/1/26 545 656 
5% 7/1/27 390 482 
5% 7/1/28 465 589 
5% 7/1/29 750 968 
5% 7/1/30 1,475 1,899 
5% 7/1/32 1,540 1,969 
5% 7/1/33 5,800 7,333 
5% 7/1/34 1,300 1,652 
5% 7/1/35 600 761 
5% 7/1/36 500 633 
5% 7/1/38 3,440 4,492 
5% 7/1/41 600 750 
5% 7/1/42 8,500 10,956 
Series 2019 B, 5% 7/1/50 3,000 3,848 
Series 2020 A:   
4% 9/1/50 11,420 13,147 
4% 7/1/53 5,805 6,838 
5% 7/1/40 1,265 1,617 
Series 2021 A:   
4% 7/1/48 4,000 4,832 
5% 7/1/51 10,000 13,194 
Series 2022:   
4% 7/1/46 (c) 4,625 5,310 
5% 7/1/52 (c) 4,675 5,805 
New York Dorm. Auth. Revs. (New York Univ. Proj.) Series 2001 1, 5.5% 7/1/40 (AMBAC Insured) 3,000 4,579 
New York Dorm. Auth. Sales Tax Rev.:   
Series 2014 A:   
5% 3/15/36 8,180 9,168 
5% 3/15/39 3,305 3,698 
Series 2018 A:   
5% 3/15/42 9,940 12,460 
5% 3/15/43 9,940 12,457 
Series 2018 C:   
5% 3/15/35 18,870 23,869 
5% 3/15/38 7,025 8,854 
5% 3/15/43 6,185 7,751 
Series 2018 E, 5% 3/15/44 5,000 6,348 
Series 2018, 5% 3/15/48 19,700 24,915 
New York Envir. Facilities Corp. Clean Wtr. & Drinking Wtr.:   
(New York City Muni. Wtr. Fin. Auth. Proj.) Series 2018 B, 5% 6/15/43 1,000 1,260 
Series 2017 E, 5% 6/15/42 5,000 6,173 
New York Liberty Dev. Corp. (Bank of America Tower at One Bryant Park Proj.) Series 2019 1, 2.45% 9/15/69 8,000 8,480 
New York Metropolitan Trans. Auth. Dedicated Tax Fund Rev.:   
Series 2016 B1, 5% 11/15/36 5,000 6,003 
Series 2016 B2, 5% 11/15/37 12,700 15,212 
New York Metropolitan Trans. Auth. Rev.:   
Series 2012 H:   
5% 11/15/33 1,570 1,656 
5% 11/15/42 3,110 3,277 
Series 2013 A, 5% 11/15/43 2,535 2,702 
Series 2013 E, 5% 11/15/43 15,375 16,670 
Series 2014 A1, 5% 11/15/44 8,000 8,666 
Series 2014 B, 5.25% 11/15/44 6,300 7,006 
Series 2014 D, 5.25% 11/15/44 5,000 5,659 
Series 2015 A1:   
5% 11/15/40 5,000 5,717 
5% 11/15/45 1,200 1,367 
Series 2015 B, 5% 11/15/29 2,125 2,458 
Series 2015 C, 5% 11/15/35 600 699 
Series 2016 A1, 5% 11/15/46 31,830 37,045 
Series 2016 B:   
5% 11/15/34 1,490 1,781 
5% 11/15/35 8,375 10,002 
Series 2016 C1, 5% 11/15/32 730 875 
Series 2016 D:   
5% 11/15/31 665 798 
5.25% 11/15/31 500 608 
Series 2017 C-2:   
0% 11/15/27 1,600 1,480 
0% 11/15/29 15,820 13,902 
0% 11/15/32 18,000 14,567 
Series 2017 C1:   
5% 11/15/27 620 777 
5% 11/15/30 535 671 
Series 2017 D:   
5% 11/15/28 2,125 2,704 
5% 11/15/32 925 1,158 
New York State Dorm. Auth.:   
Series 2017 A:   
5% 2/15/37 5,395 6,625 
5% 2/15/37 (Pre-Refunded to 2/15/27 @ 100) 
Series 2019 A, 5% 3/15/46 7,500 9,420 
Series 2021 A, 5% 3/15/49 6,500 8,459 
New York State Envir. Facilities Corp. Rev. Series 2019 A, 5% 2/15/49 12,690 16,345 
New York State Hsg. Fin. Agcy. Rev.:   
Series 2019 H, 1.625% 5/1/23 3,680 3,683 
Series 2019 O, 1.45% 5/1/23 2,000 2,001 
New York State Mtg. Agcy. Homeowner Mtg.:   
Series 2021 232:   
5% 10/1/27 (a) 1,630 2,023 
5% 10/1/28 (a) 1,680 2,130 
Series 221, 3.5% 10/1/32 (a) 6,030 6,565 
Series 223, 3.5% 4/1/49 2,980 3,198 
Series 226, 3.5% 10/1/50 (a) 13,225 14,431 
New York State Urban Dev. Corp.:   
Series 2020 A:   
5% 3/15/41 5,000 6,509 
5% 3/15/42 2,175 2,826 
Series 2020 C, 5% 3/15/47 7,820 10,075 
Series 2020 E, 4% 3/15/46 14,820 17,426 
New York Thruway Auth. Gen. Rev.:   
Series 2016 A:   
5% 1/1/34 3,000 3,570 
5% 1/1/35 6,455 7,672 
5% 1/1/41 9,320 11,039 
5% 1/1/46 7,285 8,567 
5% 1/1/51 23,625 27,630 
Series 2019 B, 4% 1/1/45 5,000 5,903 
New York Trans. Dev. Corp.:   
(Delta Air Lines, Inc. Laguardia Arpt. Terminals C&D Redev. Proj.) Series 2018, 5% 1/1/33 (a) 5,000 6,140 
(Laguardia Arpt. Term. B Redev. Proj.) Series 2016 A:   
5% 7/1/34 (a) 4,000 4,512 
5% 7/1/46 (a) 6,200 6,971 
(Term. 4 JFK Int'l. Arpt. Proj.) Series 2020 A:   
4% 12/1/38 (a) 600 718 
4% 12/1/41 (a) 1,700 2,019 
5% 12/1/31 (a) 800 1,058 
5% 12/1/33 (a) 1,500 1,966 
5% 12/1/35 (a) 1,240 1,618 
Series 2016 A, 5.25% 1/1/50 (a) 9,095 10,298 
New York Urban Dev. Corp. Rev.:   
(New York State Gen. Oblig. Proj.) Series 2017 A, 5% 3/15/34 5,000 6,129 
(New York State Pit) Series 2017 C, 5% 3/15/32 15,500 19,351 
Series 2014 A, 5% 3/15/44 3,980 4,428 
Series 2015 A, 5% 3/15/45 18,970 22,004 
Series 2016, 5% 3/15/32 3,000 3,593 
Series 2019 A, 5% 3/15/43 10,830 13,578 
Niagara Frontier Trans. Auth. Arpt. Rev. Series 2019 A:   
5% 4/1/23 (a) 1,650 1,777 
5% 4/1/24 (a) 1,165 1,307 
5% 4/1/29 (a) 350 451 
5% 4/1/30 (a) 750 961 
5% 4/1/32 (a) 900 1,148 
5% 4/1/33 (a) 650 827 
5% 4/1/34 (a) 1,765 2,239 
5% 4/1/36 (a) 1,150 1,452 
5% 4/1/38 (a) 750 943 
Oneida County Local Dev. Corp. Rev.:   
(Mohawk Valley Health Sys. Proj.) Series 2019 A:   
4% 12/1/37 (FSA Insured) 1,000 1,175 
4% 12/1/38 (FSA Insured) 1,000 1,173 
4% 12/1/49 (FSA Insured) 11,305 12,971 
5% 12/1/30 (FSA Insured) 755 984 
5% 12/1/31 (FSA Insured) 545 707 
(Utica College Proj.) Series 2019:   
4% 7/1/39 2,625 2,848 
5% 7/1/49 3,250 3,763 
Onondaga Civic Dev. Corp.:   
(Le Moyne College Proj.) Series 2020 B:   
4% 7/1/36 425 503 
4% 7/1/37 275 325 
4% 7/1/38 255 300 
4% 7/1/39 325 382 
4% 7/1/40 300 352 
5% 7/1/22 200 208 
5% 7/1/23 210 228 
5% 7/1/24 215 243 
5% 7/1/25 235 274 
5% 7/1/27 815 1,006 
5% 7/1/28 855 1,078 
5% 7/1/31 340 442 
5% 7/1/32 265 343 
5% 7/1/33 300 387 
5% 7/1/34 300 386 
5% 7/1/35 400 513 
(Syracuse Univ. Proj.) Series 2020 A, 5% 12/1/35 1,110 1,469 
Onondaga County Trust for Cultural Resources Rev. Series 2019:   
4% 12/1/47 10,000 11,925 
4% 12/1/49 10,000 11,903 
Port Auth. of New York & New Jersey:   
Series 218, 5% 11/1/30 (a) 1,130 1,474 
Series 221:   
4% 7/15/38 (a) 1,000 1,205 
4% 7/15/40 (a) 2,000 2,397 
5% 7/15/32 (a) 1,500 1,969 
Saratoga County Cap. Resources Rev. (Skidmore College Proj.) Series 2020 A:   
4% 7/1/50 1,500 1,763 
5% 7/1/45 1,625 2,072 
Schenectady County Cap. Resources Corp. Rev. (Union College Proj.) Series 2017, 5% 1/1/40 2,600 3,160 
Suffolk County Econ. Dev. Corp. Rev.:   
(Catholic Health Svcs. of Long Island Obligated Group Proj.) Series 2014, 5% 7/1/26 1,280 1,450 
Series 2021, 5.375% 11/1/54 (b) 3,500 3,689 
Tobacco Settlement Asset Securitization Corp. Series 2017 A, 5% 6/1/30 2,525 3,086 
Triborough Bridge & Tunnel Auth. Revs.:   
Series 2012 B:   
0% 11/15/27 2,510 2,350 
0% 11/15/28 2,500 2,292 
Series 2015 A, 5.25% 11/15/45 10,820 12,709 
Series 2017 B, 5% 11/15/36 5,000 6,180 
Series 2018 D, 4% 11/15/37 3,000 3,688 
Series 2019 A, 5% 11/15/49 10,000 12,617 
Series 2020 A, 5% 11/15/54 1,015 1,315 
Series 2021 A:   
5% 11/15/51 1,990 2,614 
5% 11/15/56 6,000 7,849 
Series B, 5% 11/15/31 8,280 11,486 
Triborough Bridge and Tunnel Auth. Series 2021 A1, 5% 5/15/51 5,435 7,139 
Troy Cap. Resource Corp. Rev. (Rensselaer Polytechnic Institute Proj.):   
Series 2015:   
5% 8/1/26 1,385 1,646 
5% 8/1/27 1,600 1,899 
5% 8/1/28 1,565 1,851 
5% 8/1/32 1,000 1,173 
Series 2020 A, 5% 9/1/36 1,500 1,955 
Western Nassau County Wtr. Auth. Series 2015 A, 5% 4/1/30 350 407 
Yonkers Gen. Oblig.:   
Series 2015 D:   
5% 8/1/27 (FSA Insured) 2,440 2,868 
5% 9/1/27 (FSA Insured) 3,755 4,428 
5% 8/1/28 (FSA Insured) 2,060 2,416 
5% 8/1/29 (FSA Insured) 1,500 1,759 
5% 9/1/29 (FSA Insured) 4,150 4,881 
5% 8/1/30 (FSA Insured) 1,500 1,758 
5% 9/1/30 (FSA Insured) 4,365 5,132 
Series 2019 A:   
4% 5/1/34 (Build America Mutual Assurance Insured) 1,500 1,791 
5% 5/1/31 (Build America Mutual Assurance Insured) 1,000 1,303 
5% 5/1/32 (Build America Mutual Assurance Insured) 1,480 1,928 
5% 5/1/33 (Build America Mutual Assurance Insured) 1,000 1,297 
TOTAL NEW YORK  1,645,355 
New York And New Jersey - 6.4%   
New York Liberty Dev. Corp. (4 World Trade Ctr. Proj.) Series 2011, 5.125% 11/15/44 29,440 29,823 
Port Auth. of New York & New Jersey:   
185th Series, 5% 9/1/28 (a) 7,350 8,340 
85th Series, 5.375% 3/1/28 5,735 6,783 
Series 193, 5% 10/15/28 (a) 2,015 2,389 
Series 202, 5% 10/15/36 (a) 5,455 6,595 
Series 206, 5% 11/15/47 (a) 2,000 2,428 
Series 214:   
4% 9/1/37 (a) 4,000 4,811 
4% 9/1/39 (a) 1,920 2,299 
4% 9/1/43 (a) 6,500 7,721 
5% 9/1/33 (a) 2,005 2,576 
Series 218:   
4% 11/1/47 (a) 11,280 13,364 
5% 11/1/44 (a) 5,080 6,366 
Series 221:   
4% 7/15/36 (a) 3,000 3,639 
4% 7/15/45 (a) 8,000 9,480 
Series 223, 5% 7/15/56 (a) 5,650 7,227 
TOTAL NEW YORK AND NEW JERSEY  113,841 
Non-State Specific - 0.1%   
Port Auth. of New York & New Jersey Series 217, 5% 11/1/44 1,000 1,277 
TOTAL MUNICIPAL BONDS   
(Cost $1,632,011)  1,761,525 
Municipal Notes - 0.1%   
New York - 0.1%   
New York City Transitional Fin. Auth. Rev. Series 2016 A4, 0.02% 8/2/21 (Liquidity Facility Bank of America NA), VRDN (d)   
(Cost $1,500) 1,500 1,500 
TOTAL INVESTMENT IN SECURITIES - 99.3%   
(Cost $1,633,511)  1,763,025 
NET OTHER ASSETS (LIABILITIES) - 0.7%  12,351 
NET ASSETS - 100%  $1,775,376 

Security Type Abbreviations

VRDN – VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

Legend

 (a) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

 (b) 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 $17,170,000 or 1.0% of net assets.

 (c) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

 (d) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2021, 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 
(Amounts in thousands)     
Investments in Securities:     
Municipal Securities $1,763,025 $-- $1,763,025 $-- 
Total Investments in Securities: $1,763,025 $-- $1,763,025 $-- 

Other Information

The distribution of municipal securities by revenue source, as a percentage of total Net Assets, is as follows (Unaudited):

Special Tax 28.9% 
Transportation 24.7% 
Education 17.4% 
General Obligations 10.8% 
Health Care 6.4% 
Water & Sewer 5.4% 
Others* (Individually Less Than 5%) 6.4% 
 100.0% 

* Includes net other assets

See accompanying notes which are an integral part of the financial statements.


Financial Statements

Statement of Assets and Liabilities

Amounts in thousands (except per-share amounts)  July 31, 2021 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $1,633,511) 
 $1,763,025 
Cash  8,311 
Receivable for fund shares sold  684 
Interest receivable  16,626 
Prepaid expenses  
Other receivables  
Total assets  1,788,652 
Liabilities   
Payable for investments purchased on a delayed delivery basis $11,031  
Payable for fund shares redeemed 361  
Distributions payable 1,167  
Accrued management fee 513  
Distribution and service plan fees payable 19  
Other affiliated payables 151  
Other payables and accrued expenses 34  
Total liabilities  13,276 
Net Assets  $1,775,376 
Net Assets consist of:   
Paid in capital  $1,637,513 
Total accumulated earnings (loss)  137,863 
Net Assets  $1,775,376 
Net Asset Value and Maximum Offering Price   
Class A:   
Net Asset Value and redemption price per share ($43,768 ÷ 3,151.0 shares)(a)  $13.89 
Maximum offering price per share (100/96.00 of $13.89)  $14.47 
Class M:   
Net Asset Value and redemption price per share ($6,626 ÷ 476.6 shares)(a)  $13.90 
Maximum offering price per share (100/96.00 of $13.90)  $14.48 
Class C:   
Net Asset Value and offering price per share ($10,677 ÷ 768.7 shares)(a)  $13.89 
New York Municipal Income:   
Net Asset Value, offering price and redemption price per share ($1,638,812 ÷ 117,943.0 shares)  $13.89 
Class I:   
Net Asset Value, offering price and redemption price per share ($55,684 ÷ 4,012.1 shares)  $13.88 
Class Z:   
Net Asset Value, offering price and redemption price per share ($19,809 ÷ 1,427.3 shares)  $13.88 

 (a) Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

Amounts in thousands  Six months ended July 31, 2021 (Unaudited) 
Investment Income   
Interest  $22,831 
Expenses   
Management fee $3,018  
Transfer agent fees 734  
Distribution and service plan fees 121  
Accounting fees and expenses 161  
Custodian fees and expenses  
Independent trustees' fees and expenses  
Registration fees 73  
Audit 27  
Legal  
Miscellaneous  
Total expenses before reductions 4,156  
Expense reductions (14)  
Total expenses after reductions  4,142 
Net investment income (loss)  18,689 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers  8,268 
Total net realized gain (loss)  8,268 
Change in net unrealized appreciation (depreciation) on investment securities  10,851 
Net gain (loss)  19,119 
Net increase (decrease) in net assets resulting from operations  $37,808 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

Amounts in thousands Six months ended July 31, 2021 (Unaudited) Year ended January 31, 2021 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $18,689 $40,041 
Net realized gain (loss) 8,268 7,127 
Change in net unrealized appreciation (depreciation) 10,851 (2,029) 
Net increase (decrease) in net assets resulting from operations 37,808 45,139 
Distributions to shareholders (19,696) (48,389) 
Share transactions - net increase (decrease) 31,047 (131,030) 
Total increase (decrease) in net assets 49,159 (134,280) 
Net Assets   
Beginning of period 1,726,217 1,860,497 
End of period $1,775,376 $1,726,217 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity New York Municipal Income Fund Class A

 Six months ended (Unaudited) July 31, Years endedJanuary 31,     
 2021 2021 2020 2019 2018 2017 
Selected Per–Share Data       
Net asset value, beginning of period $13.75 $13.71 $12.96 $13.02 $13.07 $13.65 
Income from Investment Operations       
Net investment income (loss)A .127 .270 .287 .302 .321 .347 
Net realized and unrealized gain (loss) .148 .105 .804 (.017) .063 (.457) 
Total from investment operations .275 .375 1.091 .285 .384 (.110) 
Distributions from net investment income (.127) (.270) (.287) (.302) (.321) (.347) 
Distributions from net realized gain (.008) (.065) (.054) (.043) (.113) (.123) 
Total distributions (.135) (.335) (.341) (.345) (.434) (.470) 
Redemption fees added to paid in capitalA – – – – – B 
Net asset value, end of period $13.89 $13.75 $13.71 $12.96 $13.02 $13.07 
Total ReturnC,D,E 2.02% 2.81% 8.51% 2.24% 2.95% (.84)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .78%H .78% .79% .79% .79% .79% 
Expenses net of fee waivers, if any .78%H .78% .79% .79% .79% .79% 
Expenses net of all reductions .78%H .78% .79% .79% .79% .79% 
Net investment income (loss) 1.87%H 2.01% 2.14% 2.35% 2.42% 2.55% 
Supplemental Data       
Net assets, end of period (in millions) $44 $43 $42 $35 $41 $50 
Portfolio turnover rateI 16%H 16% 15% 13% 14% 20% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.0005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the sales charges.

 F Fees 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.

 G Expense 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.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity New York Municipal Income Fund Class M

 Six months ended (Unaudited) July 31, Years endedJanuary 31,     
 2021 2021 2020 2019 2018 2017 
Selected Per–Share Data       
Net asset value, beginning of period $13.76 $13.73 $12.97 $13.03 $13.08 $13.66 
Income from Investment Operations       
Net investment income (loss)A .130 .275 .293 .308 .329 .354 
Net realized and unrealized gain (loss) .148 .095 .814 (.017) .063 (.456) 
Total from investment operations .278 .370 1.107 .291 .392 (.102) 
Distributions from net investment income (.130) (.275) (.293) (.308) (.329) (.355) 
Distributions from net realized gain (.008) (.065) (.054) (.043) (.113) (.123) 
Total distributions (.138) (.340) (.347) (.351) (.442) (.478) 
Redemption fees added to paid in capitalA – – – – – B 
Net asset value, end of period $13.90 $13.76 $13.73 $12.97 $13.03 $13.08 
Total ReturnC,D,E 2.04% 2.77% 8.63% 2.29% 3.01% (.79)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .75%H .75% .74% .75% .73% .74% 
Expenses net of fee waivers, if any .75%H .75% .74% .74% .73% .74% 
Expenses net of all reductions .74%H .75% .74% .74% .73% .74% 
Net investment income (loss) 1.91%H 2.05% 2.18% 2.39% 2.48% 2.60% 
Supplemental Data       
Net assets, end of period (in millions) $7 $7 $8 $7 $8 $8 
Portfolio turnover rateI 16%H 16% 15% 13% 14% 20% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.0005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the sales charges.

 F Fees 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.

 G Expense 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.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity New York Municipal Income Fund Class C

 Six months ended (Unaudited) July 31, Years endedJanuary 31,     
 2021 2021 2020 2019 2018 2017 
Selected Per–Share Data       
Net asset value, beginning of period $13.75 $13.71 $12.96 $13.02 $13.07 $13.65 
Income from Investment Operations       
Net investment income (loss)A .077 .173 .188 .207 .222 .245 
Net realized and unrealized gain (loss) .148 .105 .804 (.017) .063 (.457) 
Total from investment operations .225 .278 .992 .190 .285 (.212) 
Distributions from net investment income (.077) (.173) (.188) (.207) (.222) (.245) 
Distributions from net realized gain (.008) (.065) (.054) (.043) (.113) (.123) 
Total distributions (.085) (.238) (.242) (.250) (.335) (.368) 
Redemption fees added to paid in capitalA – – – – – B 
Net asset value, end of period $13.89 $13.75 $13.71 $12.96 $13.02 $13.07 
Total ReturnC,D,E 1.65% 2.07% 7.71% 1.49% 2.18% (1.58)% 
Ratios to Average Net AssetsF,G       
Expenses before reductions 1.52%H 1.51% 1.53% 1.53% 1.54% 1.54% 
Expenses net of fee waivers, if any 1.52%H 1.51% 1.52% 1.53% 1.54% 1.54% 
Expenses net of all reductions 1.52%H 1.51% 1.52% 1.53% 1.54% 1.54% 
Net investment income (loss) 1.13%H 1.28% 1.40% 1.61% 1.68% 1.80% 
Supplemental Data       
Net assets, end of period (in millions) $11 $13 $17 $23 $30 $33 
Portfolio turnover rateI 16%H 16% 15% 13% 14% 20% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.0005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Total returns do not include the effect of the contingent deferred sales charge.

 F Fees 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.

 G Expense 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.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity New York Municipal Income Fund

 Six months ended (Unaudited) July 31, Years endedJanuary 31,     
 2021 2021 2020 2019 2018 2017 
Selected Per–Share Data       
Net asset value, beginning of period $13.75 $13.72 $12.96 $13.03 $13.07 $13.65 
Income from Investment Operations       
Net investment income (loss)A .149 .314 .331 .345 .365 .392 
Net realized and unrealized gain (loss) .148 .095 .814 (.028) .073 (.457) 
Total from investment operations .297 .409 1.145 .317 .438 (.065) 
Distributions from net investment income (.149) (.314) (.331) (.344) (.365) (.392) 
Distributions from net realized gain (.008) (.065) (.054) (.043) (.113) (.123) 
Total distributions (.157) (.379) (.385) (.387) (.478) (.515) 
Redemption fees added to paid in capitalA – – – – – B 
Net asset value, end of period $13.89 $13.75 $13.72 $12.96 $13.03 $13.07 
Total ReturnC,D 2.18% 3.07% 8.94% 2.50% 3.37% (.52)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .46%G .46% .46% .46% .46% .46% 
Expenses net of fee waivers, if any .46%G .46% .46% .46% .46% .46% 
Expenses net of all reductions .46%G .46% .46% .46% .46% .46% 
Net investment income (loss) 2.19%G 2.34% 2.47% 2.68% 2.76% 2.88% 
Supplemental Data       
Net assets, end of period (in millions) $1,639 $1,600 $1,734 $1,509 $1,606 $1,557 
Portfolio turnover rateH 16%G 16% 15% 13% 14% 20% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.0005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees 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.

 F Expense 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.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity New York Municipal Income Fund Class I

 Six months ended (Unaudited) July 31, Years endedJanuary 31,     
 2021 2021 2020 2019 2018 2017 
Selected Per–Share Data       
Net asset value, beginning of period $13.74 $13.70 $12.95 $13.01 $13.06 $13.64 
Income from Investment Operations       
Net investment income (loss)A .143 .303 .320 .335 .353 .381 
Net realized and unrealized gain (loss) .149 .105 .805 (.017) .063 (.457) 
Total from investment operations .292 .408 1.125 .318 .416 (.076) 
Distributions from net investment income (.144) (.303) (.321) (.335) (.353) (.381) 
Distributions from net realized gain (.008) (.065) (.054) (.043) (.113) (.123) 
Total distributions (.152) (.368) (.375) (.378) (.466) (.504) 
Redemption fees added to paid in capitalA – – – – – B 
Net asset value, end of period $13.88 $13.74 $13.70 $12.95 $13.01 $13.06 
Total ReturnC,D 2.14% 3.07% 8.79% 2.51% 3.21% (.59)% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .54%G .53% .53% .53% .54% .54% 
Expenses net of fee waivers, if any .54%G .53% .53% .53% .54% .54% 
Expenses net of all reductions .54%G .53% .53% .53% .54% .54% 
Net investment income (loss) 2.11%G 2.26% 2.39% 2.61% 2.67% 2.80% 
Supplemental Data       
Net assets, end of period (in millions) $56 $55 $54 $39 $57 $47 
Portfolio turnover rateH 16%G 16% 15% 13% 14% 20% 

 A Calculated based on average shares outstanding during the period.

 B Amount represents less than $.0005 per share.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees 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.

 F Expense 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.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Fidelity New York Municipal Income Fund Class Z

 Six months ended (Unaudited) July 31, Years endedJanuary 31,   
 2021 2021 2020 2019 A 
Selected Per–Share Data     
Net asset value, beginning of period $13.74 $13.70 $12.95 $12.76 
Income from Investment Operations     
Net investment income (loss)B .151 .317 .334 .117 
Net realized and unrealized gain (loss) .148 .105 .804 .212 
Total from investment operations .299 .422 1.138 .329 
Distributions from net investment income (.151) (.317) (.334) (.114) 
Distributions from net realized gain (.008) (.065) (.054) (.025) 
Total distributions (.159) (.382) (.388) (.139) 
Redemption fees added to paid in capitalB – – – – 
Net asset value, end of period $13.88 $13.74 $13.70 $12.95 
Total ReturnC,D 2.20% 3.17% 8.89% 2.60% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .43%G .43% .43% .44%G 
Expenses net of fee waivers, if any .43%G .43% .43% .43%G 
Expenses net of all reductions .43%G .43% .43% .43%G 
Net investment income (loss) 2.22%G 2.36% 2.49% 2.69%G 
Supplemental Data     
Net assets, end of period (in millions) $20 $9 $6 $2 
Portfolio turnover rateH 16%G 16% 15% 13% 

 A For the period October 2, 2018 (commencement of sale of shares) to January 31, 2019.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees 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.

 F Expense 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.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended July 31, 2021
(Amounts in thousands except percentages)

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. Each class has exclusive voting rights with respect to matters that affect that class. Effective June 21, 2021, 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. Prior to June 21, 2021, Class C shares automatically converted to Class A shares after a holding period of ten 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. 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. 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 (ETFs) 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 delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

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 – 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 vendors or from brokers who make markets in such securities. Municipal securities are valued by pricing vendors 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 vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

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 July 31, 2021 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. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

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. 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.

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 $129,572 
Gross unrealized depreciation (58) 
Net unrealized appreciation (depreciation) $129,514 
Tax cost $1,633,511 

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.

3. 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 183,398 136,219 

4. 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 management fee is the sum of an individual fund fee rate that is based on an annual rate of .25% of the Fund's average net assets and an annualized group fee rate that averaged .10% during the period. The group fee rate is based upon the monthly average net assets of a group of registered investment companies with which the investment adviser has management contracts. The group fee rate decreases as assets under management increase and increases as assets under management decrease. For the reporting period, the total annualized management fee rate was .35% of the Fund's average net assets.

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% $53 $2 
Class M -% .25% (a) 
Class C .75% .25% 60 
   $121 $8 

 (a) Amount represents less than five hundred dollars.

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 $2 
Class M  -(a) 
Class C(b)  -(a) 
 $2 

 (a) Amount represents less than five hundred dollars.

 (b) When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company LLC (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for the Fund. FIIOC receives account fees and asset-based fees that vary according to the account size and type of account of the shareholders of the respective classes of the Fund, except for Class Z. FIIOC receives an asset-based fee of Class Z's average net assets. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. For the period, transfer agent fees for each class were as follows:

 Amount % of Class-Level Average Net Assets(a) 
Class A $32 .15 
Class M .11 
Class C .13 
New York Municipal Income 642 .08 
Class I 44 .16 
Class Z .05 
 $734  

 (a) Annualized

Accounting Fees. Fidelity Service Company, Inc. (FSC), an affiliate of the investment adviser, maintains the Fund's accounting records. The accounting fee is based on the level of average net assets for each month. For the period, the fees were equivalent to the following annualized rates:

 % of Average Net Assets 
Fidelity New York Municipal Income Fund .02 

Interfund Trades. Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act.

5. 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. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are listed below. During the period, there were no borrowings on this line of credit.

 Amount 
Fidelity New York Municipal Income Fund $2 

6. 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 $7.

In addition, during the period the investment adviser or an affiliate reimbursed and/or waived a portion of fund-level operating expenses in the amount of $7.

7. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
July 31, 2021 
Year ended
January 31, 2021 
Fidelity New York Municipal Income Fund   
Distributions to shareholders   
Class A $421 $1,046 
Class M 65 169 
Class C 74 261 
New York Municipal Income 18,360 45,253 
Class I 612 1,459 
Class Z 164 201 
Total $19,696 $48,389 

8. 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 
 Six months ended July 31, 2021 Year ended January 31, 2021 Six months ended July 31, 2021 Year ended January 31, 2021 
Fidelity New York Municipal Income Fund     
Class A     
Shares sold 220 537 $3,021 $7,262 
Reinvestment of distributions 27 68 365 918 
Shares redeemed (212) (545) (2,904) (7,291) 
Net increase (decrease) 35 60 $482 $889 
Class M     
Shares sold 14 41 $188 $562 
Reinvestment of distributions 11 54 145 
Shares redeemed (20) (120) (279) (1,604) 
Net increase (decrease) (2) (68) $(37) $(897) 
Class C     
Shares sold 22 145 $294 $1,951 
Reinvestment of distributions 18 71 237 
Shares redeemed (215) (475) (2,950) (6,362) 
Net increase (decrease) (188) (312) $(2,585) $(4,174) 
New York Municipal Income     
Shares sold 7,806 16,460 $107,092 $220,485 
Reinvestment of distributions 839 2,109 11,484 28,438 
Shares redeemed (7,031) (28,595) (96,331) (379,110) 
Net increase (decrease) 1,614 (10,026) $22,245 $(130,187) 
Class I     
Shares sold 290 902 $3,969 $12,069 
Reinvestment of distributions 32 78 441 1,057 
Shares redeemed (309) (924) (4,239) (12,400) 
Net increase (decrease) 13 56 $171 $726 
Class Z     
Shares sold 807 258 $11,046 $3,472 
Reinvestment of distributions 12 117 160 
Shares redeemed (29) (76) (392) (1,019) 
Net increase (decrease) 787 194 $10,771 $2,613 

9. Other.

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, the fund may also enter into contracts that provide general indemnifications. The fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote.

10. Coronavirus (COVID-19) Pandemic.

An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Fund's performance.

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (February 1, 2021 to July 31, 2021).

Actual Expenses

The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 Annualized Expense Ratio-A Beginning
Account Value
February 1, 2021 
Ending
Account Value
July 31, 2021 
Expenses Paid
During Period-B
February 1, 2021
to July 31, 2021 
Fidelity New York Municipal Income Fund     
Class A .78%    
Actual  $1,000.00 $1,020.20 $3.91 
Hypothetical-C  $1,000.00 $1,020.93 $3.91 
Class M .75%    
Actual  $1,000.00 $1,020.40 $3.76 
Hypothetical-C  $1,000.00 $1,021.08 $3.76 
Class C 1.52%    
Actual  $1,000.00 $1,016.50 $7.60 
Hypothetical-C  $1,000.00 $1,017.26 $7.60 
New York Municipal Income .46%    
Actual  $1,000.00 $1,021.80 $2.31 
Hypothetical-C  $1,000.00 $1,022.51 $2.31 
Class I .54%    
Actual  $1,000.00 $1,021.40 $2.71 
Hypothetical-C  $1,000.00 $1,022.12 $2.71 
Class Z .43%    
Actual  $1,000.00 $1,022.00 $2.16 
Hypothetical-C  $1,000.00 $1,022.66 $2.16 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

 C 5% return per year before expenses

Liquidity Risk Management Program

The Securities and Exchange Commission adopted Rule 22e-4 under the Investment Company Act of 1940 (the Liquidity Rule) to promote effective liquidity risk management throughout the open-end investment company industry, thereby reducing the risk that funds will be unable to meet their redemption obligations and mitigating dilution of the interests of fund shareholders.

The Fund has adopted and implemented a liquidity risk management program pursuant to the Liquidity Rule (the Program) effective December 1, 2018. The Program is reasonably designed to assess and manage the Fund’s liquidity risk and to comply with the requirements of the Liquidity Rule. The Fund’s Board of Trustees (the Board) has designated the Fund’s investment adviser as administrator of the Program. The Fidelity advisers have established a Liquidity Risk Management Committee (the LRM Committee) to manage the Program for each of the Fidelity Funds. The LRM Committee monitors the adequacy and effectiveness of implementation of the Program and on a periodic basis assesses each Fund’s liquidity risk based on a variety of factors including (1) the Fund’s investment strategy, (2) portfolio liquidity and cash flow projections during normal and reasonably foreseeable stressed conditions, (3) shareholder redemptions, (4) borrowings and other funding sources and (5) in the case of exchange-traded funds, certain additional factors including the effect of the Fund’s prices and spreads, market participants, and basket compositions on the overall liquidity of the Fund’s portfolio, as applicable.

In accordance with the Program, each of the Fund’s portfolio investments is classified into one of four liquidity categories described below based on a determination of a reasonable expectation for how long it would take to convert the investment to cash (or sell or dispose of the investment) without significantly changing its market value.

  • Highly liquid investments – cash or convertible to cash within three business days or less
  • Moderately liquid investments – convertible to cash in three to seven calendar days
  • Less liquid investments – can be sold or disposed of, but not settled, within seven calendar days
  • Illiquid investments – cannot be sold or disposed of within seven calendar days

Liquidity classification determinations take into account a variety of factors including various market, trading and investment-specific considerations, as well as market depth, and generally utilize analysis from a third-party liquidity metrics service.

The Liquidity Rule places a 15% limit on a fund’s illiquid investments and requires funds that do not primarily hold assets that are highly liquid investments to determine and maintain a minimum percentage of the fund’s net assets to be invested in highly liquid investments (highly liquid investment minimum or HLIM). The Program includes provisions reasonably designed to comply with the 15% limit on illiquid investments and for determining, periodically reviewing and complying with the HLIM requirement as applicable.

At a recent meeting of the Fund’s Board of Trustees, the LRM Committee provided a written report to the Board pertaining to the operation, adequacy, and effectiveness of implementation of the Program for the annual period from December 1, 2019 through November 30, 2020. The report concluded that the Program has been implemented and is operating effectively and is reasonably designed to assess and manage the Fund’s liquidity risk.





Fidelity Investments

NFY-SANN-0921
1.789717.119



Item 2.

Code of Ethics


Not applicable.

 

Item 3.

Audit Committee Financial Expert


Not applicable.


Item 4.

Principal Accountant Fees and Services


Not applicable.


Item 5.

Audit Committee of Listed Registrants


Not applicable.


Item 6.  

Investments


(a)

Not applicable.


(b)

Not applicable


Item 7.

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


Not applicable.


Item 8.

Portfolio Managers of Closed-End Management Investment Companies


Not applicable.


Item 9.  

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


Not applicable.


Item 10.

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 Fidelity New York Municipal Trusts Board of Trustees.


Item 11.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity New York Municipal Trusts (the Trust) 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 Trusts 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 Trusts internal control over financial reporting.


Item 12.

Disclosure of Securities Lending Activities for Closed-End Management

Investment Companies


Not applicable.



Item 13.

Exhibits


(a)

(1)

Not applicable.

(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



Date:

September 21, 2021


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



Date:

September 21, 2021



By:

/s/John J. Burke III


John J. Burke III


Chief Financial Officer



Date:

September 21, 2021

 








                                                      Exhibit EX-99.CERT

     

I, Laura M. Del Prato, certify that:


1.

I have reviewed this report on Form N-CSR of Fidelity New York Municipal Trust;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

d.

Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and





5.

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


Date:

 September 21, 2021

/s/Laura M. Del Prato

Laura M. Del Prato

President and Treasurer







I, John J. Burke III, certify that:

1.

I have reviewed this report on Form N-CSR of Fidelity New York Municipal Trust;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

d.

Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and

5.

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):





a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


Date:

September 21, 2021

/s/John J. Burke III

John J. Burke III

Chief Financial Officer










Exhibit EX-99.906CERT



Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code)


In connection with the attached Report of Fidelity New York Municipal Trust (the Trust) on Form N-CSR to be filed with the Securities and Exchange Commission (the Report), each of the undersigned officers of the Trust does hereby certify that, to the best of such officers knowledge:


1.

The Report fully complies with the requirements of 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust as of, and for, the periods presented in the Report.


Dated: September 21, 2021



/s/Laura M. Del Prato

Laura M. Del Prato

President and Treasurer



 

Dated: September 21, 2021



/s/John J. Burke III

John J. Burke III

Chief Financial Officer




A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Trust and will be retained by the Trust and furnished to the Securities and Exchange Commission or its staff upon request.







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