Quarterly Holdings Report
for
Fidelity® New York Municipal Income Fund
April 30, 2020
NFY-QTLY-0620
1.800351.116
Schedule of Investments April 30, 2020 (Unaudited)
Showing Percentage of Net Assets
| Municipal Bonds - 97.8% | |||
| Principal Amount (000s) | Value (000s) | ||
| Guam - 0.1% | |||
| Guam Int'l. Arpt. Auth. Rev. Series 2019 A, 5% 10/1/22 (a) | 1,000 | 987 | |
| New York - 93.1% | |||
| Battery Park City Auth. Rev. Series 2019 A, 4% 11/1/44 | 3,015 | 3,358 | |
| Buffalo and Erie County Indl. Land Rev. (Catholic Health Sys., Inc. Proj.) Series 2015: | |||
| 5% 7/1/24 | $600 | $675 | |
| 5% 7/1/25 | 455 | 525 | |
| 5% 7/1/26 | 450 | 515 | |
| 5% 7/1/27 | 540 | 617 | |
| 5% 7/1/28 | 360 | 410 | |
| 5% 7/1/29 | 300 | 340 | |
| 5% 7/1/30 | 575 | 648 | |
| 5% 7/1/40 | 1,000 | 1,091 | |
| 5.25% 7/1/35 | 1,000 | 1,113 | |
| Buffalo Muni. Wtr. Fin. Auth. Series 2015 A: | |||
| 5% 7/1/24 | 400 | 464 | |
| 5% 7/1/25 | 250 | 298 | |
| 5% 7/1/26 | 500 | 587 | |
| 5% 7/1/29 | 500 | 586 | |
| Dorm. Auth. New York Univ. Rev.: | |||
| (Fordham Univ. Proj.) Series 2017: | |||
| 5% 7/1/30 | 625 | 731 | |
| 5% 7/1/32 | 1,500 | 1,731 | |
| (Memorial Sloan-Kettring Cancer Ctr.) Series 2017, 5% 7/1/31 | 3,315 | 3,981 | |
| (Orange Reg'l. Med. Ctr. Proj.) Series 2017, 5% 12/1/28 (b) | 3,700 | 4,178 | |
| (St Johns Univ., NY. Proj.) Series 2017 A: | |||
| 5% 7/1/28 | 750 | 855 | |
| 5% 7/1/29 | 1,400 | 1,587 | |
| 5% 7/1/30 | 1,250 | 1,409 | |
| (State Univ. of New York Proj.) Series 2017 A: | |||
| 5% 7/1/32 | 1,500 | 1,758 | |
| 5% 7/1/34 | 3,000 | 3,479 | |
| Series 2016 A: | |||
| 5% 7/1/36 | 8,000 | 9,300 | |
| 5% 7/1/39 | 6,185 | 7,090 | |
| 5% 7/1/41 | 2,500 | 2,781 | |
| 5% 7/1/46 | 8,000 | 8,833 | |
| 5% 7/1/50 | 6,280 | 6,916 | |
| Series 2017, 5% 12/1/32 (b) | 4,000 | 4,419 | |
| Dutchess County Local Dev. Corp. Rev.: | |||
| (Health Quest Systems, Inc. Proj.) Series 2016 B: | |||
| 5% 7/1/26 | 1,400 | 1,615 | |
| 5% 7/1/46 | 9,025 | 9,744 | |
| (Marist College Proj.) Series 2015 A: | |||
| 5% 7/1/26 | 550 | 629 | |
| 5% 7/1/27 | 350 | 399 | |
| 5% 7/1/28 | 500 | 569 | |
| 5% 7/1/29 | 725 | 821 | |
| 5% 7/1/31 | 2,610 | 2,932 | |
| 5% 7/1/32 | 2,660 | 2,962 | |
| 5% 7/1/33 | 2,770 | 3,074 | |
| 5% 7/1/34 | 2,935 | 3,250 | |
| 5% 7/1/35 | 3,000 | 3,312 | |
| 5% 7/1/36 | 1,000 | 1,101 | |
| 5% 7/1/40 | 8,500 | 9,295 | |
| (The Culinary Institute of America Proj.) Series 2018: | |||
| 5% 7/1/26 | 850 | 928 | |
| 5% 7/1/30 | 1,100 | 1,195 | |
| 5% 7/1/35 | 855 | 900 | |
| (Vassar College Proj.) Series 2017: | |||
| 5% 7/1/35 | 1,100 | 1,285 | |
| 5% 7/1/36 | 1,430 | 1,664 | |
| 5% 7/1/37 | 1,705 | 1,977 | |
| Erie County Fiscal Stability Auth.: | |||
| Series 2017 C: | |||
| 5% 9/1/29 | 600 | 751 | |
| 5% 9/1/30 | 625 | 778 | |
| 5% 9/1/31 | 1,050 | 1,299 | |
| Series 2017 D: | |||
| 5% 9/1/29 | 325 | 407 | |
| 5% 9/1/30 | 400 | 498 | |
| 5% 9/1/33 | 525 | 642 | |
| 5% 9/1/34 | 850 | 1,036 | |
| 5% 9/1/35 | 1,300 | 1,578 | |
| Erie County Gen. Oblig. Series 2015 A: | |||
| 5% 9/15/27 | 275 | 327 | |
| 5% 9/15/28 | 275 | 326 | |
| Haverstraw Stony Point Central School District Series 2015: | |||
| 5% 10/15/32 (FSA Insured) | 1,200 | 1,348 | |
| 5% 10/15/33 (FSA Insured) | 300 | 337 | |
| Hempstead Local Dev. Corp. Rev. (Molloy College Proj.) Series 2017: | |||
| 5% 7/1/32 | 740 | 797 | |
| 5% 7/1/33 | 475 | 509 | |
| Hudson Yards Infrastructure Corp. New York Rev.: | |||
| Series 2011, 5.25% 2/15/47 | 6,240 | 6,421 | |
| Series 2012 A, 5.75% 2/15/47 | 8,430 | 8,705 | |
| Series 2017 A: | |||
| 5% 2/15/32 | 4,000 | 4,726 | |
| 5% 2/15/33 | 10,000 | 11,731 | |
| 5% 2/15/34 | 6,130 | 7,162 | |
| 5% 2/15/36 | 4,750 | 5,507 | |
| 5% 2/15/37 | 2,505 | 2,894 | |
| 5% 2/15/42 | 14,600 | 16,690 | |
| Liberty Dev. Corp. Rev. Series 2005, 5.25% 10/1/35 | 5,625 | 7,010 | |
| Long Island Pwr. Auth. Elec. Sys. Rev.: | |||
| Bonds Series 2019 B, 1.65%, tender 9/1/24 (c) | 7,025 | 6,800 | |
| Series 2012 A, 5% 9/1/42 | 2,320 | 2,476 | |
| Series 2012 B, 5% 9/1/27 | 10,000 | 10,757 | |
| Series 2014 A, 5% 9/1/35 | 5,000 | 5,622 | |
| Series 2016 B, 5% 9/1/36 | 3,500 | 3,999 | |
| Series 2017: | |||
| 5% 9/1/29 | 500 | 598 | |
| 5% 9/1/30 | 750 | 892 | |
| Madison County Cap. Resource Corp. Rev. (Colgate Univ. Rfdg. Proj.) Series 2015 A: | |||
| 5% 7/1/26 | 500 | 591 | |
| 5% 7/1/30 | 1,125 | 1,302 | |
| 5% 7/1/32 | 1,250 | 1,434 | |
| 5% 7/1/33 | 1,000 | 1,143 | |
| 5% 7/1/35 | 1,000 | 1,138 | |
| 5% 7/1/40 | 4,000 | 4,506 | |
| Monroe County Indl. Dev. Agcy. Rev. (Rochester Schools Modernization Proj.): | |||
| Series 2015: | |||
| 5% 5/1/24 | 750 | 851 | |
| 5% 5/1/25 | 750 | 872 | |
| 5% 5/1/26 | 1,200 | 1,403 | |
| 5% 5/1/27 | 700 | 818 | |
| 5% 5/1/29 | 1,750 | 2,035 | |
| 5% 5/1/30 | 1,000 | 1,158 | |
| 5% 5/1/31 | 1,205 | 1,389 | |
| Series 2018: | |||
| 5% 5/1/30 | 8,500 | 10,366 | |
| 5% 5/1/32 | 5,000 | 6,007 | |
| 5% 5/1/34 | 3,000 | 3,566 | |
| Monroe County Indl. Dev. Corp.: | |||
| (St. Anns Cmnty. Proj.) Series 2019, 5% 1/1/50 | 4,430 | 3,595 | |
| (The Rochester Gen. Hosp. Proj.) Series 2017: | |||
| 5% 12/1/31 | 1,595 | 1,797 | |
| 5% 12/1/34 | 760 | 849 | |
| 5% 12/1/35 | 700 | 779 | |
| 5% 12/1/36 | 700 | 777 | |
| (Univ. of Rochester Proj.): | |||
| Series 2015: | |||
| 5% 7/1/30 | 1,000 | 1,179 | |
| 5% 7/1/31 | 1,200 | 1,412 | |
| 5% 7/1/32 | 1,250 | 1,469 | |
| Series 2017 A: | |||
| 5% 7/1/31 | 1,650 | 2,035 | |
| 5% 7/1/32 | 1,215 | 1,489 | |
| 5% 7/1/34 | 1,310 | 1,588 | |
| Series 2017 C: | |||
| 4% 7/1/32 | 1,680 | 1,855 | |
| 5% 7/1/30 | 1,040 | 1,290 | |
| 5% 7/1/31 | 800 | 986 | |
| Series 2017 D: | |||
| 5% 7/1/30 | 1,000 | 1,240 | |
| 5% 7/1/31 | 825 | 1,017 | |
| MTA Hudson Rail Yards Trust Oblig. Series 2016 A: | |||
| 5% 11/15/51 | 3,000 | 3,105 | |
| 5% 11/15/56 | 9,000 | 9,615 | |
| Nassau County Gen. Oblig. Series 2014 A: | |||
| 5% 4/1/26 | 19,360 | 21,563 | |
| 5% 4/1/29 | 14,040 | 15,559 | |
| Nassau County Local Econ. Assistance and Fin. Corp. (Catholic Health Svcs. of Long Island Obligated Group Proj.) Series 2011, 5% 7/1/22 | 5,500 | 5,707 | |
| Nassau County Local Econ. Assistance Corp.: | |||
| (Catholic Health Svcs. of Long Island Obligated Group Proj.) Series 2014: | |||
| 5% 7/1/23 | 450 | 494 | |
| 5% 7/1/26 | 1,500 | 1,678 | |
| (Univ. Hosp. Proj.) Series 2012: | |||
| 5% 7/1/20 | 2,000 | 2,011 | |
| 5% 7/1/22 | 2,000 | 2,139 | |
| Series 2014 B: | |||
| 5% 7/1/23 | 550 | 604 | |
| 5% 7/1/27 | 1,000 | 1,116 | |
| Series 2014 C, 5% 7/1/26 | 3,000 | 3,355 | |
| New York City Gen. Oblig.: | |||
| Series 2017 A, 5% 8/1/34 | 5,355 | 6,235 | |
| Series 2018 F, 5% 4/1/45 | 10,760 | 12,331 | |
| Series 2019 D: | |||
| 5% 12/1/41 | 4,305 | 5,015 | |
| 5% 12/1/44 | 9,810 | 11,355 | |
| Series B: | |||
| 5% 10/1/42 | 2,000 | 2,354 | |
| 5% 10/1/43 | 3,000 | 3,522 | |
| New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.: | |||
| Series 2009 C, 5% 6/15/44 | 2,700 | 2,828 | |
| Series 2013 2, 5% 6/15/47 | 12,540 | 13,614 | |
| Series 2014 BB, 5% 6/15/46 | 9,785 | 10,617 | |
| Series 2014 CC, 5% 6/15/47 | 6,200 | 6,878 | |
| Series 2014 DD, 5% 6/15/35 | 10,000 | 11,224 | |
| Series 2015 AA, 5% 6/15/44 | 6,200 | 6,873 | |
| Series 2015 FF, 5% 6/15/32 | 2,000 | 2,307 | |
| Series 2017 EE, 5% 6/15/37 | 10,000 | 11,685 | |
| Series 2018 CC, 5% 6/15/48 | 7,070 | 8,100 | |
| Series 2019 DD, 5.25% 6/15/49 | 4,410 | 5,207 | |
| Series AA, 4% 6/15/40 | 3,500 | 3,856 | |
| Series BB, 5% 6/15/49 | 6,000 | 7,133 | |
| 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 | 4,437 | |
| Series 2016 S1, 5% 7/15/33 | 2,165 | 2,456 | |
| Series 2016: | |||
| 5% 7/15/32 | 15,000 | 17,090 | |
| 5% 7/15/35 | 5,000 | 5,651 | |
| Series 2018 S4, 5.25% 7/15/36 | 8,095 | 9,632 | |
| New York City Transitional Fin. Auth. Rev.: | |||
| Series 2013 F, 5% 2/1/31 | 6,000 | 6,534 | |
| Series 2014 D1: | |||
| 5% 2/1/31 | 4,300 | 4,782 | |
| 5% 2/1/32 | 1,515 | 1,683 | |
| Series 2015 E1, 5% 2/1/41 | 8,000 | 9,007 | |
| Series 2017 A-1, 5% 5/1/34 | 1,065 | 1,230 | |
| Series 2017 B, 5% 8/1/34 | 2,640 | 3,064 | |
| Series 2017 E, 5% 2/1/33 | 5,290 | 6,174 | |
| Series 2017 E-1, 5% 2/1/34 | 4,500 | 5,229 | |
| Series 2017 F: | |||
| 5% 5/1/33 | 5,000 | 5,856 | |
| 5% 5/1/34 | 7,000 | 8,168 | |
| 5% 5/1/35 | 11,795 | 13,704 | |
| 5% 5/1/38 | 5,000 | 5,750 | |
| Series 2018 A2, 5% 8/1/39 | 5,000 | 5,769 | |
| Series 2018 B-1, 5% 8/1/34 | 3,000 | 3,514 | |
| Series 2018 C2, 5% 5/1/37 | 4,690 | 5,508 | |
| Series E, 5% 2/1/43 | 5,845 | 6,632 | |
| New York Convention Ctr. Dev. Corp. Rev.: | |||
| Series 2015: | |||
| 5% 11/15/29 | 5,000 | 5,393 | |
| 5% 11/15/30 | 2,000 | 2,143 | |
| 5% 11/15/33 | 9,115 | 9,617 | |
| Series 2016 A, 5% 11/15/46 | 13,450 | 13,984 | |
| New York Dorm. Auth. Rev.: | |||
| (Bond Fing. Prog.): | |||
| Series 2016 E: | |||
| 5% 10/1/29 | 3,940 | 4,648 | |
| 5% 10/1/30 | 3,355 | 3,938 | |
| Series 2016 G: | |||
| 5% 10/1/29 | 2,415 | 2,943 | |
| 5% 10/1/30 | 2,340 | 2,842 | |
| (New York City Court Facilities Lease Proj.) Series 2005 A, 5.5% 5/15/28 | 2,700 | 3,454 | |
| (Skidmore College Proj.) Series 2011 A, 5.5% 7/1/41 | 3,000 | 3,137 | |
| Bonds: | |||
| Series 2019 B1, 5%, tender 5/1/22 (c) | 6,525 | 6,838 | |
| Series 2019 B2, 5%, tender 5/1/24 (c) | 3,000 | 3,304 | |
| Series 2014 A: | |||
| 5% 10/1/26 (FSA Insured) | 1,400 | 1,627 | |
| 5% 10/1/27 (FSA Insured) | 1,000 | 1,160 | |
| 5% 10/1/28 (FSA Insured) | 1,000 | 1,151 | |
| Series 2015 A: | |||
| 5% 7/1/28 | 5,000 | 5,649 | |
| 5% 7/1/29 | 5,000 | 5,627 | |
| 5% 10/1/29 | 785 | 929 | |
| 5% 5/1/30 | 3,450 | 3,821 | |
| 5% 7/1/30 | 10,120 | 11,863 | |
| 5% 7/1/30 | 5,000 | 5,602 | |
| 5% 10/1/30 | 535 | 631 | |
| 5% 5/1/31 | 11,000 | 12,114 | |
| 5% 7/1/31 | 15,000 | 16,744 | |
| 5% 10/1/31 | 1,595 | 1,878 | |
| 5% 10/1/32 | 1,550 | 1,824 | |
| Series 2015 B: | |||
| 5% 7/1/28 | 1,300 | 1,510 | |
| 5% 10/1/28 | 1,000 | 1,182 | |
| 5% 7/1/29 | 1,400 | 1,624 | |
| 5% 10/1/29 | 1,470 | 1,734 | |
| 5% 7/1/30 | 1,400 | 1,622 | |
| 5% 7/1/31 | 1,400 | 1,619 | |
| 5% 7/1/32 | 1,450 | 1,674 | |
| 5% 7/1/33 | 1,750 | 2,016 | |
| 5% 10/1/33 | 1,010 | 1,183 | |
| 5% 10/1/34 | 1,070 | 1,251 | |
| 5% 7/1/40 | 2,545 | 2,907 | |
| Series 2015: | |||
| 5% 12/1/20 (b) | 1,200 | 1,218 | |
| 5% 12/1/21 (b) | 800 | 831 | |
| 5% 12/1/23 (b) | 700 | 757 | |
| 5% 12/1/24 (b) | 600 | 660 | |
| 5% 12/1/27 (b) | 1,200 | 1,322 | |
| Series 2016 A: | |||
| 5% 7/1/31 | 1,200 | 1,371 | |
| 5% 7/1/31 | 600 | 726 | |
| 5% 7/1/32 | 800 | 963 | |
| 5% 7/1/33 | 800 | 903 | |
| 5% 7/1/33 | 1,800 | 2,161 | |
| 5% 7/1/34 | 650 | 732 | |
| 5% 7/1/35 | 500 | 561 | |
| 5% 7/1/41 | 1,000 | 1,108 | |
| Series 2016 E, 5% 10/1/31 | 1,945 | 2,273 | |
| Series 2019 A: | |||
| 4% 7/1/40 | 650 | 679 | |
| 4% 7/1/45 | 2,750 | 2,794 | |
| 5% 7/1/26 | 400 | 469 | |
| 5% 7/1/27 | 390 | 466 | |
| 5% 7/1/28 | 465 | 565 | |
| 5% 7/1/29 | 750 | 919 | |
| 5% 7/1/30 | 625 | 760 | |
| 5% 7/1/32 | 640 | 765 | |
| 5% 7/1/33 | 5,800 | 6,339 | |
| 5% 7/1/34 | 550 | 646 | |
| 5% 7/1/35 | 600 | 702 | |
| 5% 7/1/36 | 500 | 578 | |
| 5% 7/1/41 | 600 | 666 | |
| 5% 7/1/42 | 8,500 | 10,309 | |
| Series 2019 B, 5% 7/1/50 | 3,000 | 3,634 | |
| Series 2019 C, 4% 7/1/49 | 2,000 | 2,193 | |
| Series 2020 A: | |||
| 4% 9/1/50 | 11,420 | 10,669 | |
| 5% 7/1/22 | 1,700 | 1,841 | |
| 5% 7/1/24 | 1,000 | 1,149 | |
| 5% 7/1/29 | 600 | 767 | |
| 5% 7/1/40 | 1,265 | 1,528 | |
| New York Dorm. Auth. Revs.: | |||
| (Colgate Univ. Proj.) Series 1996, 6% 7/1/21 (Nat'l. Pub. Fin. Guarantee Corp. Insured) | 1,090 | 1,127 | |
| (Cornell Univ. Proj.) Series 2008 C, 5% 7/1/37 | 4,000 | 4,022 | |
| (New York Univ. Proj.) Series 2001 1, 5.5% 7/1/40 (AMBAC Insured) | 3,000 | 4,299 | |
| (Vassar College Proj.) Series 2010, 5% 7/1/49 | 9,000 | 9,062 | |
| Series 2010 A, 5% 7/1/41 | 12,000 | 12,083 | |
| New York Dorm. Auth. Sales Tax Rev.: | |||
| (New York State Sales Tax Rev. Proj.) Series 2016 A, 5% 3/15/30 | 2,650 | 3,135 | |
| Series 2014 A: | |||
| 5% 3/15/36 | 8,180 | 9,089 | |
| 5% 3/15/39 | 3,305 | 3,663 | |
| Series 2018 A: | |||
| 5% 3/15/42 | 9,940 | 11,496 | |
| 5% 3/15/43 | 9,940 | 11,476 | |
| Series 2018 C: | |||
| 5% 3/15/35 | 18,870 | 22,280 | |
| 5% 3/15/38 | 7,025 | 8,200 | |
| 5% 3/15/43 | 6,185 | 7,141 | |
| Series 2018 E, 5% 3/15/48 | 10,755 | 12,422 | |
| 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 | 1,190 | |
| Series 2017 E, 5% 6/15/42 | 5,000 | 5,847 | |
| New York Liberty Dev. Corp. (Bank of America Tower at One Bryant Park Proj.) Series 2019 1, 2.45% 9/15/69 | 8,000 | 7,480 | |
| New York Metropolitan Trans. Auth. Dedicated Tax Fund Rev.: | |||
| Series 2016 B1, 5% 11/15/36 | 5,000 | 5,555 | |
| Series 2016 B2, 5% 11/15/37 | 12,700 | 14,070 | |
| New York Metropolitan Trans. Auth. Rev.: | |||
| Series 2012 H: | |||
| 5% 11/15/33 | 1,570 | 1,571 | |
| 5% 11/15/42 | 3,110 | 3,112 | |
| Series 2013 A, 5% 11/15/43 | 2,535 | 2,537 | |
| Series 2013 E, 5% 11/15/43 | 15,375 | 15,389 | |
| Series 2014 A1, 5% 11/15/44 | 8,000 | 8,008 | |
| Series 2014 B, 5.25% 11/15/44 | 6,300 | 6,364 | |
| Series 2014 D, 5.25% 11/15/44 | 5,000 | 5,056 | |
| Series 2015 A1: | |||
| 5% 11/15/40 | 5,000 | 5,007 | |
| 5% 11/15/45 | 1,200 | 1,202 | |
| Series 2015 B, 5% 11/15/29 | 2,125 | 2,132 | |
| Series 2015 C, 5% 11/15/35 | 600 | 601 | |
| Series 2016 A1, 5% 11/15/46 | 31,830 | 31,876 | |
| Series 2016 B: | |||
| 5% 11/15/34 | 1,490 | 1,492 | |
| 5% 11/15/35 | 8,375 | 8,389 | |
| Series 2016 C1, 5% 11/15/32 | 730 | 732 | |
| Series 2016 D: | |||
| 5% 11/15/31 | 665 | 667 | |
| 5.25% 11/15/31 | 500 | 509 | |
| Series 2017 C-2: | |||
| 0% 11/15/27 | 1,600 | 1,211 | |
| 0% 11/15/29 | 15,820 | 10,858 | |
| 0% 11/15/32 | 18,000 | 10,470 | |
| Series 2017 C1: | |||
| 5% 11/15/27 | 620 | 623 | |
| 5% 11/15/30 | 535 | 537 | |
| Series 2017 D: | |||
| 5% 11/15/28 | 2,125 | 2,136 | |
| 5% 11/15/32 | 925 | 928 | |
| New York State Dorm. Auth.: | |||
| Series 2017 A, 5% 2/15/37 (Pre-Refunded to 2/15/37 @ 100) | 5,400 | 6,229 | |
| Series 2019 A, 5% 3/15/46 | 7,500 | 8,773 | |
| New York State Envir. Facilities Corp. Rev. Series 2019 A, 5% 2/15/49 | 12,690 | 15,366 | |
| New York State Hsg. Fin. Agcy. Rev.: | |||
| Series 2019 H, 1.625% 5/1/23 | 3,680 | 3,687 | |
| Series 2019 I, 1.75% 5/1/24 | 5,700 | 5,712 | |
| Series 2019 N: | |||
| 1.45% 5/1/23 | 5,000 | 4,998 | |
| 1.5% 11/1/23 | 2,500 | 2,496 | |
| 1.55% 5/1/24 | 4,125 | 4,113 | |
| Series 2019 O, 1.45% 5/1/23 | 2,000 | 2,001 | |
| New York State Mtg. Agcy. Homeowner Mtg.: | |||
| Series 221, 3.5% 10/1/32 (a) | 6,505 | 6,758 | |
| Series 223, 3.5% 4/1/49 | 3,785 | 3,953 | |
| Series 226, 3.5% 10/1/50 (a) | 13,450 | 14,075 | |
| New York Thruway Auth. Gen. Rev.: | |||
| Series 2016 A: | |||
| 5% 1/1/34 | 3,000 | 3,360 | |
| 5% 1/1/35 | 6,455 | 7,206 | |
| 5% 1/1/41 | 9,320 | 10,263 | |
| 5% 1/1/46 | 7,285 | 7,966 | |
| 5% 1/1/51 | 23,625 | 25,761 | |
| Series 2018 L: | |||
| 5% 1/1/28 | 1,250 | 1,510 | |
| 5% 1/1/29 | 1,865 | 2,258 | |
| 5% 1/1/30 | 1,000 | 1,202 | |
| Series 2019 B, 4% 1/1/45 | 5,000 | 5,148 | |
| 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 | 5,009 | |
| (Laguardia Arpt. Term. B Redev. Proj.) Series 2016 A: | |||
| 5% 7/1/34 (a) | 4,000 | 4,129 | |
| 5% 7/1/46 (a) | 6,200 | 6,281 | |
| Series 2016 A, 5.25% 1/1/50 (a) | 3,095 | 3,162 | |
| New York Urban Dev. Corp. Rev.: | |||
| (New York State Gen. Oblig. Proj.) Series 2017 A, 5% 3/15/34 | 5,000 | 5,833 | |
| (New York State Pit) Series 2017 C, 5% 3/15/32 | 15,500 | 18,469 | |
| Series 2013 C, 5% 3/15/30 | 4,540 | 4,979 | |
| Series 2014 A, 5% 3/15/44 | 3,980 | 4,422 | |
| Series 2015 A, 5% 3/15/45 | 18,970 | 21,388 | |
| Series 2016, 5% 3/15/32 | 3,000 | 3,494 | |
| Series 2019 A, 5% 3/15/43 | 10,830 | 12,624 | |
| Niagara Falls City School District Ctfs. Prtn. Rfdg. Series 2015: | |||
| 5% 6/15/23 (FSA Insured) | 1,670 | 1,861 | |
| 5% 6/15/24 (FSA Insured) | 1,450 | 1,663 | |
| 5% 6/15/25 (FSA Insured) | 1,670 | 1,909 | |
| Niagara Frontier Trans. Auth. Arpt. Rev. Series 2019 A: | |||
| 5% 4/1/23 (a) | 1,650 | 1,799 | |
| 5% 4/1/24 (a) | 1,165 | 1,301 | |
| 5% 4/1/32 (a) | 255 | 303 | |
| 5% 4/1/33 (a) | 650 | 766 | |
| 5% 4/1/34 (a) | 865 | 1,015 | |
| 5% 4/1/36 (a) | 1,150 | 1,335 | |
| Oneida County Local Dev. Corp. Rev.: | |||
| (Mohawk Valley Health Sys. Proj.) Series 2019 A: | |||
| 4% 12/1/37 (FSA Insured) | 1,000 | 1,083 | |
| 4% 12/1/38 (FSA Insured) | 1,000 | 1,079 | |
| 4% 12/1/49 (FSA Insured) | 11,305 | 11,949 | |
| 5% 12/1/30 (FSA Insured) | 755 | 927 | |
| 5% 12/1/31 (FSA Insured) | 540 | 658 | |
| (Utica College Proj.) Series 2019: | |||
| 4% 7/1/39 | 1,875 | 1,682 | |
| 5% 7/1/49 | 3,250 | 3,220 | |
| Onondaga Civic Dev. Corp. (Le Moyne College Proj.) Series 2020 B: | |||
| 4% 7/1/36 | 425 | 401 | |
| 4% 7/1/37 | 275 | 257 | |
| 4% 7/1/38 | 255 | 237 | |
| 4% 7/1/39 | 325 | 300 | |
| 4% 7/1/40 | 300 | 275 | |
| 5% 7/1/21 | 200 | 209 | |
| 5% 7/1/22 | 200 | 208 | |
| 5% 7/1/23 | 210 | 222 | |
| 5% 7/1/24 | 215 | 230 | |
| 5% 7/1/25 | 235 | 254 | |
| 5% 7/1/27 | 815 | 892 | |
| 5% 7/1/28 | 855 | 939 | |
| 5% 7/1/31 | 340 | 371 | |
| 5% 7/1/32 | 265 | 286 | |
| 5% 7/1/33 | 300 | 321 | |
| 5% 7/1/34 | 300 | 320 | |
| 5% 7/1/35 | 400 | 424 | |
| Onondaga County Ind. Dev. Agcy. Swr. Facilities Rev. (Bristol-Meyers Squibb Co. Proj.) 5.75% 3/1/24 (a) | 9,655 | 11,045 | |
| Onondaga County Trust for Cultural Resources Rev. Series 2019: | |||
| 4% 12/1/47 | 10,000 | 10,802 | |
| 4% 12/1/49 | 10,000 | 10,783 | |
| Rockland County Gen. Oblig. Series 2014 A, 5% 3/1/24 (FSA Insured) | 1,600 | 1,820 | |
| Schenectady Cnt Re Co. Re (Union College Proj.) Series 2017, 5% 1/1/40 | 2,600 | 3,010 | |
| Suffolk County Econ. Dev. Corp. Rev. (Catholic Health Svcs. of Long Island Obligated Group Proj.) Series 2014: | |||
| 5% 7/1/25 | 1,000 | 1,123 | |
| 5% 7/1/26 | 1,280 | 1,432 | |
| Syracuse Gen. Oblig. Series 2015 A: | |||
| 5% 3/1/24 | 1,000 | 1,141 | |
| 5% 3/1/25 | 500 | 587 | |
| 5% 3/1/26 | 500 | 591 | |
| 5% 3/1/27 | 350 | 411 | |
| Tobacco Settlement Asset Securitization Corp. Series 2017 A: | |||
| 5% 6/1/28 | 2,000 | 2,278 | |
| 5% 6/1/29 | 3,000 | 3,391 | |
| 5% 6/1/30 | 2,500 | 2,802 | |
| Triborough Bridge & Tunnel Auth. Revs.: | |||
| Series 2012 B: | |||
| 0% 11/15/27 | 2,500 | 2,162 | |
| 0% 11/15/28 | 2,500 | 2,099 | |
| Series 2015 A, 5.25% 11/15/45 | 10,820 | 12,318 | |
| Series 2017 B, 5% 11/15/36 | 5,000 | 5,790 | |
| Series 2019 A, 5% 11/15/49 | 10,000 | 11,666 | |
| Series B, 5% 11/15/31 | 8,280 | 10,721 | |
| Troy Cap. Resource Corp. Rev. (Rensselaer Polytechnic Institute Proj.): | |||
| Series 2010 A: | |||
| 5% 9/1/30 | 5,775 | 5,848 | |
| 5.125% 9/1/40 | 8,055 | 8,160 | |
| Series 2015: | |||
| 5% 8/1/26 | 1,385 | 1,600 | |
| 5% 8/1/27 | 1,600 | 1,835 | |
| 5% 8/1/28 | 1,565 | 1,789 | |
| 5% 8/1/32 | 1,000 | 1,122 | |
| Western Nassau County Wtr. Auth. Series 2015 A: | |||
| 5% 4/1/28 | 300 | 351 | |
| 5% 4/1/30 | 350 | 407 | |
| 5% 4/1/31 | 335 | 388 | |
| 5% 4/1/32 | 1,000 | 1,154 | |
| 5% 4/1/34 | 1,045 | 1,199 | |
| 5% 4/1/35 | 1,180 | 1,351 | |
| 5% 4/1/40 | 1,400 | 1,591 | |
| 5% 4/1/45 | 2,250 | 2,533 | |
| Yonkers Gen. Oblig.: | |||
| Series 2015 B, 5% 8/1/23 (FSA Insured) | 300 | 333 | |
| Series 2015 D: | |||
| 5% 8/1/27 (FSA Insured) | 2,440 | 2,858 | |
| 5% 9/1/27 (FSA Insured) | 3,755 | 4,407 | |
| 5% 8/1/28 (FSA Insured) | 2,060 | 2,410 | |
| 5% 8/1/29 (FSA Insured) | 1,500 | 1,751 | |
| 5% 9/1/29 (FSA Insured) | 4,150 | 4,854 | |
| 5% 8/1/30 (FSA Insured) | 1,500 | 1,749 | |
| 5% 9/1/30 (FSA Insured) | 4,365 | 5,099 | |
| Series 2019 A: | |||
| 4% 5/1/34 (Build America Mutual Assurance Insured) | 1,500 | 1,699 | |
| 5% 5/1/31 (Build America Mutual Assurance Insured) | 1,000 | 1,267 | |
| 5% 5/1/32 (Build America Mutual Assurance Insured) | 1,480 | 1,857 | |
| 5% 5/1/33 (Build America Mutual Assurance Insured) | 1,000 | 1,246 | |
| TOTAL NEW YORK | 1,538,838 | ||
| New York And New Jersey - 4.6%�� | |||
| New York Liberty Dev. Corp. (4 World Trade Ctr. Proj.) Series 2011, 5.125% 11/15/44 | 29,440 | 30,520 | |
| Port Auth. of New York & New Jersey: | |||
| 185th Series: | |||
| 5% 9/1/26 (a) | 10,150 | 11,457 | |
| 5% 9/1/27 (a) | 6,200 | 6,996 | |
| 5% 9/1/28 (a) | 7,350 | 8,209 | |
| 85th Series, 5.375% 3/1/28 | 6,280 | 7,226 | |
| Series 202, 5% 10/15/36 (a) | 5,455 | 6,070 | |
| Series 214, 4% 9/1/43 (a) | 6,000 | 6,050 | |
| TOTAL NEW YORK AND NEW JERSEY | 76,528 | ||
| TOTAL MUNICIPAL BONDS | |||
| (Cost $1,607,281) | 1,616,353 | ||
| Municipal Notes - 0.5% | |||
| New York - 0.5% | |||
| New York City Gen. Oblig. Series 2104 1, 0.16% 5/1/20 (Liquidity Facility JPMorgan Chase Bank), VRDN (c) | 1,350 | $1,350 | |
| New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Series 2014 AA, 0.16% 5/1/20 (Liquidity Facility JPMorgan Chase Bank), VRDN (c) | 700 | 700 | |
| New York City Transitional Fin. Auth. Rev. Series 2015 A3, 0.18% 5/1/20 (Liquidity Facility Mizuho Corporate Bank Ltd.), VRDN (c) | 290 | 290 | |
| New York Hsg. Fin. Agcy. Rev. (505 West 37th Street Proj.) Series 2008 A, 0.16% 5/1/20, LOC Landesbank Hessen-Thuringen, VRDN (a)(c) | 4,320 | 4,320 | |
| New York Mtg. Agcy. Rev. Series 135, 0.2% 5/1/20 (Liquidity Facility Barclays Bank PLC), VRDN (a)(c) | 1,650 | 1,650 | |
| New York St Mtg. Agcy. Homeowner 0.18% 5/1/20 (Liquidity Facility Bank of America NA), VRDN (a)(c) | 400 | 400 | |
| TOTAL MUNICIPAL NOTES | |||
| (Cost $8,710) | 8,710 | ||
| TOTAL INVESTMENT IN SECURITIES - 98.3% | |||
| (Cost $1,615,991) | 1,625,063 | ||
| NET OTHER ASSETS (LIABILITIES) - 1.7% | 28,291 | ||
| NET ASSETS - 100% | $1,653,354 |
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 $13,385,000 or 0.8% of net assets.
(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. 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: 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. 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.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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