Quarterly Holdings Report
for
Fidelity® New York Municipal Income Fund
October 31, 2023
NFY-NPRT3-1223
1.809090.120
Municipal Bonds - 97.8% | |||
Principal Amount (a) (000s) | Value ($) (000s) | ||
New York - 87.8% | |||
Brighton Central School Distri Series 2020, 2.125% 6/15/32 | 1,000 | 796 | |
Brookhaven Loc Dev. Corp. Series 2020, 4% 11/1/45 | 1,000 | 760 | |
Buffalo and Erie County Indl. Land Rev. (Catholic Health Sys., Inc. Proj.) Series 2015: | |||
5% 7/1/24 | 600 | 591 | |
5% 7/1/25 | 590 | 569 | |
5% 7/1/26 | 450 | 425 | |
5% 7/1/27 | 600 | 556 | |
5% 7/1/28 | 360 | 328 | |
5% 7/1/29 | 300 | 269 | |
5% 7/1/30 | 575 | 505 | |
5% 7/1/40 | 1,000 | 769 | |
5.25% 7/1/35 | 1,000 | 826 | |
Buffalo Muni. Wtr. Fin. Auth. Series 2015 A, 5% 7/1/29 | 500 | 506 | |
Dobbs Ferry Series 2017 A, 2.65% 10/15/33 | 325 | 259 | |
Dorm. Auth. New York Univ. Rev.: | |||
(Fordham Univ. Proj.) Series 2017: | |||
5% 7/1/30 | 625 | 640 | |
5% 7/1/32 | 1,500 | 1,536 | |
(Orange Reg'l. Med. Ctr. Proj.) Series 2017, 5% 12/1/28 (b) | 4,000 | 3,827 | |
(St Johns Univ., NY. Proj.) Series 2017 A: | |||
5% 7/1/28 | 750 | 769 | |
5% 7/1/30 | 1,250 | 1,276 | |
(State Univ. of New York Proj.) Series 2017 A: | |||
5% 7/1/32 | 1,500 | 1,546 | |
5% 7/1/34 | 3,000 | 3,086 | |
Series 2016 A: | |||
5% 7/1/41 | 2,500 | 2,427 | |
5% 7/1/46 | 8,000 | 7,584 | |
5% 7/1/50 | 6,280 | 5,852 | |
Series 2017, 5% 12/1/32 (b) | 4,000 | 3,688 | |
Dutchess County Local Dev. Corp. Rev.: | |||
(Health Quest Systems, Inc. Proj.) Series 2016 B, 5% 7/1/46 | 9,025 | 7,823 | |
(Marist College Proj.) Series 2015 A: | |||
5% 7/1/26 | 550 | 559 | |
5% 7/1/27 | 350 | 355 | |
5% 7/1/28 | 500 | 506 | |
5% 7/1/29 | 725 | 733 | |
5% 7/1/31 | 2,610 | 2,640 | |
5% 7/1/32 | 2,660 | 2,688 | |
5% 7/1/33 | 2,770 | 2,799 | |
5% 7/1/34 | 2,935 | 2,965 | |
5% 7/1/40 | 8,500 | 8,400 | |
(The Culinary Institute of America Proj.) Series 2018: | |||
5% 7/1/26 | 850 | 854 | |
5% 7/1/30 | 1,100 | 1,108 | |
5% 7/1/35 | 855 | 852 | |
Erie County Fiscal Stability Auth. Series 2017 D: | |||
5% 9/1/33 | 525 | 549 | |
5% 9/1/34 | 850 | 888 | |
Hempstead Local Dev. Corp. Rev.: | |||
(Adelphi Univ. Proj.) Series 2021: | |||
5% 6/1/25 | 400 | 403 | |
5% 6/1/26 | 550 | 557 | |
5% 6/1/28 | 155 | 159 | |
5% 6/1/30 | 200 | 207 | |
5% 6/1/32 | 200 | 207 | |
(Hofstra Univ. Proj.) Series 2021 A, 3% 7/1/51 | 14,635 | 8,977 | |
(Molloy College Proj.) Series 2017: | |||
5% 7/1/32 | 740 | 730 | |
5% 7/1/33 | 475 | 466 | |
Hudson Yards Infrastructure Corp. New York Rev. Series 2017 A: | |||
3.5% 2/15/38 | 405 | 339 | |
5% 2/15/34 | 6,130 | 6,274 | |
Islip Gen. Oblig. Series 2021 A, 2% 5/1/37 | 1,575 | 1,067 | |
Kingston NY City School District Series 2021, 2% 6/15/35 | 425 | 295 | |
Liberty Dev. Corp. Rev. Series 2005, 5.25% 10/1/35 | 11,440 | 11,992 | |
Long Island Pwr. Auth. Elec. Sys. Rev.: | |||
Series 2020 A: | |||
5% 9/1/34 | 1,700 | 1,807 | |
5% 9/1/35 | 1,200 | 1,268 | |
5% 9/1/37 | 500 | 518 | |
5% 9/1/38 | 1,450 | 1,489 | |
Series 2022 A: | |||
5% 9/1/38 | 1,275 | 1,317 | |
5% 9/1/39 | 1,375 | 1,412 | |
5% 9/1/40 | 1,500 | 1,532 | |
5% 9/1/41 | 1,375 | 1,397 | |
5% 9/1/42 | 2,000 | 2,019 | |
Series 2023 E: | |||
5% 9/1/39 | 1,750 | 1,801 | |
5% 9/1/40 | 1,915 | 1,959 | |
5% 9/1/41 | 2,100 | 2,138 | |
5% 9/1/42 | 2,375 | 2,404 | |
Madison County Cap. Resource Corp. Rev. (Colgate Univ. Rfdg. Proj.) Series 2015 A, 5% 7/1/33 | 1,000 | 1,014 | |
Mahopac Cent Scd Series 2021, 1.7% 6/1/35 | 635 | 427 | |
Massapequa Union Free School District Series 2019: | |||
2% 10/1/32 | 1,745 | 1,347 | |
2% 10/1/33 | 1,775 | 1,335 | |
Monroe County Indl. Dev. Agcy. Rev. (Rochester Schools Modernization Proj.) Series 2018, 5% 5/1/32 | 5,000 | 5,234 | |
Monroe County Indl. Dev. Corp.: | |||
(Highland Hosp. of Rochester Proj.) Series 2020, 3% 7/1/50 | 4,265 | 2,679 | |
(Rochester Reg'l. Health Proj.) Series 2020 A, 4% 12/1/46 | 2,500 | 1,892 | |
(St. Anns Cmnty. Proj.) Series 2019, 5% 1/1/50 | 4,430 | 3,289 | |
(The Rochester Gen. Hosp. Proj.) Series 2017: | |||
5% 12/1/31 | 1,595 | 1,603 | |
5% 12/1/34 | 760 | 762 | |
5% 12/1/35 | 700 | 700 | |
5% 12/1/36 | 700 | 691 | |
(Univ. of Rochester Proj.): | |||
Series 2017 A, 5% 7/1/34 | 1,310 | 1,347 | |
Series 2017 C, 4% 7/1/32 | 1,680 | 1,581 | |
MTA Hudson Rail Yards Trust Oblig. Series 2016 A: | |||
5% 11/15/51 | 3,000 | 2,824 | |
5% 11/15/56 | 9,000 | 8,368 | |
Nassau County Local Econ. Assistance Corp. Series 2014 B, 5% 7/1/27 | 1,000 | 1,004 | |
New Rochelle N Y Series 2020, 2% 2/15/34 | 590 | 457 | |
New York Bridge Auth. Gen. Rev. Series 2021 A, 4% 1/1/51 | 1,085 | 890 | |
New York City Edl. Construction Fund Series 2021 B, 5% 4/1/52 | 5,610 | 5,518 | |
New York City Gen. Oblig.: | |||
Series 2018 F, 5% 4/1/45 | 8,485 | 8,456 | |
Series 2019 D: | |||
5% 12/1/41 | 4,305 | 4,346 | |
5% 12/1/44 | 9,810 | 9,818 | |
Series 2020 D1, 4% 3/1/44 | 1,475 | 1,274 | |
Series 2021 A1, 4% 8/1/34 | 3,250 | 3,135 | |
Series 2021 F1: | |||
3% 3/1/51 (Build America Mutual Assurance Insured) | 5,825 | 3,813 | |
5% 3/1/43 | 1,500 | 1,516 | |
Series 2022 A1, 5% 8/1/47 | 25,000 | 24,908 | |
Series 2022 D1, 5.25% 5/1/38 | 5,000 | 5,281 | |
Series 2023 F1, 5% 8/1/37 | 1,000 | 1,051 | |
Series B, 5% 10/1/43 | 3,000 | 3,024 | |
New York City Hsg. Dev. Corp. Multifamily Hsg.: | |||
Series 2019 G1B, 3.05% 5/1/50 | 4,270 | 2,811 | |
Series 2019 J, 3.05% 11/1/49 | 9,135 | 5,984 | |
Series 2020 A1C, 2.8% 11/1/45 | 1,000 | 634 | |
Series 2021 C1, 2.4% 11/1/46 | 2,535 | 1,495 | |
Series 2021 F1: | |||
2.25% 11/1/41 | 10,000 | 6,310 | |
2.4% 11/1/46 | 1,000 | 590 | |
Series 2021 I, 2.45% 11/1/41 | 6,200 | 4,053 | |
New York City Indl. Dev. Agcy. Rev. (Queens Baseball Stadium Proj.) Series 2021 A: | |||
3% 1/1/37 (Assured Guaranty Corp. Insured) (Assured Guaranty Muni. Corp. Insured) | 1,000 | 759 | |
3% 1/1/46 (Assured Guaranty Corp. Insured) (Assured Guaranty Muni. Corp. Insured) | 9,945 | 6,627 | |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.: | |||
Series 2019 DD, 5.25% 6/15/49 | 4,410 | 4,466 | |
Series 2021 BB1, 3% 6/15/50 | 4,395 | 2,895 | |
New York City Transitional Fin. Auth. Bldg. Aid Rev.: | |||
Series 2016 S1, 5% 7/15/33 | 2,165 | 2,201 | |
Series 2018 S4, 5.25% 7/15/36 | 8,095 | 8,416 | |
Series 2019 S1, 5% 7/15/43 | 1,715 | 1,722 | |
Series 2022 1A, 3% 7/15/39 | 1,465 | 1,120 | |
New York City Transitional Fin. Auth. Rev.: | |||
Series 2016 A1, 3.25% 8/1/35 | 325 | 275 | |
Series 2017 B, 5% 8/1/34 | 2,640 | 2,692 | |
Series 2017 E-1, 5% 2/1/34 | 4,500 | 4,598 | |
Series 2017 F, 5% 5/1/34 | 7,000 | 7,168 | |
Series 2018 B-1, 5% 8/1/34 | 3,000 | 3,079 | |
Series 2018 C2, 5% 5/1/37 | 4,690 | 4,777 | |
Series 2020 C1, 3% 5/1/46 | 4,200 | 2,882 | |
Series 2021 B1, 4% 8/1/38 | 1,340 | 1,221 | |
Series 2021 F1, 4% 11/1/38 | 1,500 | 1,366 | |
Series 2022 B1, 5.25% 11/1/37 | 6,120 | 6,522 | |
Series 2024 A1: | |||
5% 5/1/40 | 5,115 | 5,270 | |
5% 5/1/41 | 8,000 | 8,215 | |
Series C1, 4% 5/1/47 | 1,000 | 851 | |
New York Convention Ctr. Dev. Corp. Rev.: | |||
Series 2015: | |||
5% 11/15/29 | 5,000 | 5,008 | |
5% 11/15/30 | 2,000 | 2,003 | |
5% 11/15/33 | 9,115 | 9,123 | |
5% 11/15/34 | 3,000 | 3,001 | |
5% 11/15/40 | 9,990 | 9,762 | |
Series 2016, 0% 11/15/38 | 1,275 | 562 | |
New York Dorm. Auth. Rev.: | |||
Series 2015 A: | |||
5% 7/1/28 | 5,000 | 5,031 | |
5% 7/1/29 | 5,000 | 5,018 | |
5% 5/1/30 | 3,450 | 3,462 | |
5% 7/1/30 | 5,000 | 5,013 | |
5% 5/1/31 | 11,000 | 11,034 | |
5% 7/1/31 | 15,000 | 14,969 | |
Series 2015 B, 5% 10/1/34 | 1,070 | 1,086 | |
Series 2015: | |||
5% 12/1/23 (b) | 700 | 699 | |
5% 12/1/24 (b) | 600 | 595 | |
5% 12/1/27 (b) | 1,200 | 1,157 | |
Series 2016 A: | |||
5% 7/1/31 | 1,200 | 1,221 | |
5% 7/1/33 | 800 | 814 | |
5% 7/1/34 | 650 | 660 | |
5% 7/1/35 | 500 | 507 | |
Series 2019 1, 2% 7/1/33 | 6,980 | 5,447 | |
Series 2019 A: | |||
4% 7/1/40 | 1,000 | 691 | |
4% 7/1/45 | 3,750 | 2,489 | |
5% 7/1/26 | 545 | 515 | |
5% 7/1/27 | 390 | 362 | |
5% 7/1/28 | 465 | 424 | |
5% 7/1/29 | 750 | 671 | |
5% 7/1/30 | 1,475 | 1,295 | |
5% 7/1/32 | 1,540 | 1,309 | |
5% 7/1/33 | 5,800 | 5,775 | |
5% 7/1/34 | 1,300 | 1,074 | |
5% 7/1/35 | 600 | 489 | |
5% 7/1/36 | 500 | 402 | |
5% 7/1/38 | 3,440 | 3,515 | |
5% 7/1/41 | 1,345 | 1,028 | |
5% 7/1/42 | 8,500 | 8,569 | |
Series 2019 B, 5% 7/1/50 | 3,000 | 3,008 | |
Series 2020 A: | |||
3% 7/1/48 | 5,000 | 3,312 | |
4% 9/1/50 | 7,120 | 5,305 | |
4% 7/1/53 | 5,805 | 4,590 | |
5% 7/1/40 | 1,265 | 1,282 | |
Series 2021 A: | |||
3% 7/1/41 | 1,000 | 721 | |
4% 7/1/48 | 4,000 | 3,157 | |
5% 7/1/46 | 1,025 | 910 | |
5% 7/1/51 | 3,040 | 2,633 | |
Series 2022 A: | |||
4% 7/1/49 | 2,500 | 1,965 | |
5% 7/1/35 | 1,425 | 1,460 | |
5% 7/1/36 | 1,495 | 1,519 | |
5% 7/1/37 | 785 | 791 | |
5% 7/15/37 | 6,500 | 6,262 | |
5% 7/1/38 | 500 | 500 | |
5% 7/1/39 | 865 | 858 | |
5% 7/1/40 | 915 | 900 | |
5% 7/1/41 | 830 | 810 | |
5% 7/1/42 | 1,005 | 973 | |
Series 2022: | |||
4% 7/1/46 | 4,625 | 3,807 | |
5% 7/1/35 | 1,095 | 1,083 | |
5% 7/1/47 | 5,625 | 4,973 | |
5% 7/1/52 | 4,675 | 4,671 | |
New York Dorm. Auth. Revs. (New York Univ. Proj.) Series 2001 1, 5.5% 7/1/40 (AMBAC Insured) | 3,000 | 3,255 | |
New York Dorm. Auth. Sales Tax Rev.: | |||
Series 2018 A: | |||
5% 3/15/42 | 9,940 | 10,020 | |
5% 3/15/43 | 9,940 | 10,008 | |
Series 2018 C: | |||
5% 3/15/35 | 18,870 | 19,467 | |
5% 3/15/43 | 6,185 | 6,228 | |
Series 2018 E, 5% 3/15/44 | 5,000 | 4,993 | |
Series 2018, 5% 3/15/48 | 12,700 | 12,628 | |
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 | 1,014 | |
New York Liberty Dev. Corp.: | |||
(Bank of America Tower at One Bryant Park Proj.) Series 2019 1, 2.45% 9/15/69 | 8,000 | 6,855 | |
(World Trade Ctr. Proj.) Series 2021 A, 3% 11/15/51 | 5,500 | 3,541 | |
New York Metropolitan Trans. Auth. Rev.: | |||
Series 2013 A, 5% 11/15/43 | 2,535 | 2,539 | |
Series 2014 D, 5.25% 11/15/44 | 5,000 | 4,950 | |
Series 2015 A1, 5% 11/15/45 | 1,200 | 1,162 | |
Series 2015 B, 5% 11/15/29 | 2,125 | 2,127 | |
Series 2015 C, 5% 11/15/35 | 600 | 601 | |
Series 2016 A1, 5% 11/15/46 | 32,890 | 31,693 | |
Series 2016 B: | |||
5% 11/15/34 | 1,490 | 1,502 | |
5% 11/15/35 | 8,375 | 8,421 | |
Series 2016 C1: | |||
5% 11/15/31 | 1,175 | 1,188 | |
5% 11/15/32 | 730 | 738 | |
Series 2016 D: | |||
5% 11/15/30 | 1,805 | 1,827 | |
5% 11/15/31 | 665 | 673 | |
5.25% 11/15/31 | 500 | 509 | |
Series 2017 A1, 5% 11/15/51 | 1,500 | 1,420 | |
Series 2017 C-2: | |||
0% 11/15/29 | 15,820 | 11,941 | |
0% 11/15/32 | 18,000 | 11,643 | |
Series 2017 C1: | |||
5% 11/15/27 | 620 | 635 | |
5% 11/15/30 | 1,015 | 1,033 | |
Series 2017 D: | |||
5% 11/15/28 | 2,125 | 2,172 | |
5% 11/15/30 | 5,000 | 5,089 | |
5% 11/15/32 | 925 | 940 | |
Series 2020 C1, 5% 11/15/50 | 1,310 | 1,244 | |
New York State Dorm. Auth.: | |||
Series 2017 A, 5% 2/15/37 (Pre-Refunded to 2/15/27 @ 100) | 5 | 5 | |
Series 2019 A, 5% 3/15/46 | 7,500 | 7,458 | |
Series 2020 A: | |||
3% 3/15/38 | 1,590 | 1,238 | |
3% 3/15/39 | 5,000 | 3,854 | |
Series 2021 A, 5% 3/15/49 | 6,500 | 6,482 | |
Series 2021 E: | |||
3% 3/15/50 | 10,285 | 6,813 | |
4% 3/15/37 | 3,700 | 3,452 | |
4% 3/15/39 | 735 | 661 | |
Series 2022 A: | |||
4% 3/15/39 | 1,000 | 899 | |
5% 3/15/41 | 5,000 | 5,135 | |
Series 2023 A: | |||
5% 3/15/37 | 2,625 | 2,777 | |
5% 3/15/38 | 1,645 | 1,718 | |
5% 3/15/39 | 2,100 | 2,185 | |
New York State Hsg. Fin. Agcy. Rev.: | |||
Series 2017 K, 3% 11/1/32 | 1,500 | 1,318 | |
Series 2021 D1, 2.4% 11/1/41 | 2,740 | 1,788 | |
New York State Mtg. Agcy. Homeowner Mtg.: | |||
Series 2021 232, 5% 10/1/28 (c) | 1,680 | 1,706 | |
Series 221, 3.5% 10/1/32 (c) | 3,905 | 3,736 | |
Series 223, 3.5% 4/1/49 | 1,380 | 1,338 | |
Series 226, 3.5% 10/1/50 (c) | 8,875 | 8,470 | |
New York State Urban Dev. Corp.: | |||
Series 2020 A, 5% 3/15/42 | 2,175 | 2,202 | |
Series 2020 C: | |||
4% 3/15/39 | 1,000 | 908 | |
4% 3/15/49 | 3,165 | 2,664 | |
5% 3/15/47 | 7,820 | 7,821 | |
Series 2022 A, 5% 3/15/40 | 8,000 | 8,205 | |
New York Thruway Auth. Gen. Rev.: | |||
Series 2016 A: | |||
5% 1/1/34 | 3,000 | 2,998 | |
5% 1/1/35 | 6,455 | 6,449 | |
5% 1/1/41 | 9,320 | 9,241 | |
5% 1/1/51 | 8,625 | 8,355 | |
Series 2019 B: | |||
3% 1/1/53 | 5,405 | 3,314 | |
4% 1/1/45 | 5,000 | 4,199 | |
Series 2020 N, 3% 1/1/50 | 5,000 | 3,165 | |
New York Thruway Auth. Personal Income Tax Rev. Series 2021 A1, 3% 3/15/50 | 8,945 | 6,029 | |
New York Trans. Dev. Corp.: | |||
(Delta Air Lines, Inc. - Laguardia Arpt. Terminals C&D Redev. Proj.) Series 2023, 6% 4/1/35 (c) | 5,000 | 5,172 | |
(Delta Air Lines, Inc. Laguardia Arpt. Terminals C&D Redev. Proj.) Series 2018, 5% 1/1/33 (c) | 5,000 | 4,833 | |
(Laguardia Arpt. Term. B Redev. Proj.) Series 2016 A, 5% 7/1/34 (c) | 4,000 | 3,957 | |
(Term. 4 JFK Int'l. Arpt. Proj.): | |||
Series 2020 A: | |||
4% 12/1/38 (c) | 600 | 508 | |
4% 12/1/41 (c) | 1,700 | 1,394 | |
5% 12/1/31 (c) | 1,200 | 1,212 | |
5% 12/1/33 (c) | 1,950 | 1,957 | |
5% 12/1/35 (c) | 1,540 | 1,535 | |
Series 2020 C: | |||
5% 12/1/29 | 1,300 | 1,333 | |
5% 12/1/30 | 500 | 514 | |
(Term. 4 John F. Kennedy Int'l. Arpt. Proj.) Series 2022: | |||
5% 12/1/35 (c) | 8,465 | 8,438 | |
5% 12/1/36 (c) | 7,500 | 7,462 | |
New York Urban Dev. Corp. Rev.: | |||
(New York State Gen. Oblig. Proj.) Series 2017 A, 5% 3/15/34 | 5,000 | 5,126 | |
Series 2019 A, 5% 3/15/43 | 10,830 | 10,813 | |
Niagara Area Dev. Corp. Rev. (Catholic Health Sys., Inc. Proj.) Series 2022, 5% 7/1/52 | 3,000 | 2,170 | |
Niagara Frontier Trans. Auth. Arpt. Rev. Series 2019 A: | |||
5% 4/1/29 (c) | 350 | 357 | |
5% 4/1/30 (c) | 750 | 758 | |
5% 4/1/32 (c) | 900 | 909 | |
5% 4/1/33 (c) | 650 | 657 | |
5% 4/1/34 (c) | 1,765 | 1,781 | |
5% 4/1/36 (c) | 1,150 | 1,128 | |
5% 4/1/38 (c) | 750 | 728 | |
North Hempstead Gen. Oblig. Series 2017 C, 2.9% 9/15/33 | 850 | 696 | |
Oneida County Local Dev. Corp. Rev.: | |||
(Mohawk Valley Health Sys. Proj.) Series 2019 A: | |||
4% 12/1/37 (Assured Guaranty Muni. Corp. Insured) | 1,000 | 881 | |
4% 12/1/38 (Assured Guaranty Muni. Corp. Insured) | 1,000 | 872 | |
4% 12/1/49 (Assured Guaranty Muni. Corp. Insured) | 11,305 | 8,789 | |
5% 12/1/30 (Assured Guaranty Muni. Corp. Insured) | 755 | 786 | |
5% 12/1/31 (Assured Guaranty Muni. Corp. Insured) | 545 | 566 | |
(Utica College Proj.) Series 2019, 4% 7/1/39 | 2,625 | 2,162 | |
Onondaga Civic Dev. Corp.: | |||
(Le Moyne College Proj.) Series 2020 B: | |||
4% 7/1/36 | 425 | 374 | |
4% 7/1/37 | 275 | 237 | |
4% 7/1/38 | 510 | 431 | |
4% 7/1/39 | 650 | 541 | |
4% 7/1/40 | 600 | 492 | |
5% 7/1/24 | 215 | 215 | |
5% 7/1/25 | 235 | 235 | |
5% 7/1/27 | 815 | 824 | |
5% 7/1/28 | 855 | 866 | |
5% 7/1/31 | 340 | 342 | |
5% 7/1/32 | 265 | 266 | |
5% 7/1/33 | 300 | 300 | |
5% 7/1/34 | 300 | 300 | |
5% 7/1/35 | 400 | 398 | |
(Syracuse Univ. Proj.) Series 2020 A, 5% 12/1/35 | 1,110 | 1,171 | |
Onondaga County Series 2020, 2% 10/15/34 | 1,295 | 945 | |
Pearl River Union Free School Series 2021, 2% 6/1/36 | 650 | 452 | |
Port Auth. of New York & New Jersey: | |||
Series 2020 221, 4% 7/15/50 (c) | 2,900 | 2,288 | |
Series 2022 234: | |||
5% 8/1/38 (c) | 1,750 | 1,748 | |
5% 8/1/39 (c) | 1,500 | 1,492 | |
5.25% 8/1/40 (c) | 2,000 | 2,030 | |
Port Chester-Rye Series 2020, 2% 6/1/36 | 1,925 | 1,320 | |
Saratoga County Cap. Resources Rev. (Skidmore College Proj.) Series 2020 A: | |||
4% 7/1/50 | 1,500 | 1,197 | |
5% 7/1/45 | 1,625 | 1,631 | |
Saratoga County Gen. Oblig. Series 2016, 3.125% 7/15/36 | 1,510 | 1,262 | |
Suffolk County Econ. Dev. Corp. Rev. Series 2021, 5.375% 11/1/54 (b) | 3,500 | 2,554 | |
Suffolk County Gen. Oblig.: | |||
Series 2021 A: | |||
2% 6/15/33 | 7,555 | 5,740 | |
2% 6/15/34 | 7,105 | 5,249 | |
Series 2022 C, 4% 9/1/36 | 2,000 | 1,852 | |
Suffolk Tobacco Asset Securitization Corp.: | |||
Series 2021 A2, 4% 6/1/50 | 3,000 | 2,407 | |
Series 2021 B1, 4% 6/1/50 | 5,260 | 4,661 | |
Syracuse Reg'l. Arpt. Auth. Series 2021: | |||
4% 7/1/35 (c) | 500 | 445 | |
4% 7/1/36 (c) | 500 | 437 | |
5% 7/1/28 (c) | 1,640 | 1,659 | |
5% 7/1/29 (c) | 1,500 | 1,519 | |
5% 7/1/30 (c) | 1,500 | 1,521 | |
5% 7/1/31 (c) | 2,060 | 2,087 | |
5% 7/1/32 (c) | 1,145 | 1,159 | |
5% 7/1/33 (c) | 755 | 761 | |
5% 7/1/34 (c) | 815 | 817 | |
Tobacco Settlement Asset Securitization Corp. Series 2017 A, 5% 6/1/30 | 2,525 | 2,575 | |
Triborough Brdg & Tunl Auth. Series 2023 A: | |||
5% 5/15/36 | 800 | 857 | |
5% 5/15/38 | 1,125 | 1,177 | |
5% 5/15/39 | 1,545 | 1,607 | |
Triborough Bridge & Tunnel Auth.: | |||
Series 2022 D 1A, 5% 11/15/38 | 10,000 | 10,384 | |
Series 2023 C, 5.25% 11/15/39 | 6,000 | 6,332 | |
Triborough Bridge & Tunnel Auth. Revs.: | |||
Series 2018 D, 4% 11/15/37 | 3,000 | 2,748 | |
Series 2019 C, 3% 11/15/46 | 5,000 | 3,446 | |
Series 2022 A: | |||
4% 11/15/52 | 3,000 | 2,490 | |
5% 11/15/40 | 2,000 | 2,040 | |
5% 11/15/41 | 2,000 | 2,029 | |
Troy Cap. Resource Corp. Rev. (Rensselaer Polytechnic Institute Proj.): | |||
Series 2015: | |||
5% 8/1/27 | 1,600 | 1,616 | |
5% 8/1/28 | 1,565 | 1,582 | |
5% 8/1/32 | 1,000 | 1,008 | |
Series 2020 A, 5% 9/1/36 | 1,500 | 1,518 | |
Uniondale Union Free School District Series 2021: | |||
1.75% 5/1/33 | 3,385 | 2,503 | |
1.75% 5/1/34 | 3,810 | 2,736 | |
Westchester County Gen. Oblig. Series 2021 A: | |||
2% 10/15/32 | 3,990 | 3,132 | |
2% 10/15/33 | 570 | 440 | |
Western Nassau County Wtr. Auth. Series 2015 A, 5% 4/1/30 | 350 | 355 | |
Yonkers Gen. Oblig.: | |||
Series 2019 A: | |||
4% 5/1/34 (Build America Mutual Assurance Insured) | 1,500 | 1,464 | |
5% 5/1/33 (Build America Mutual Assurance Insured) | 1,000 | 1,047 | |
Series 2021 B, 4% 2/15/37 | 1,200 | 1,105 | |
TOTAL NEW YORK | 989,245 | ||
New York And New Jersey - 8.5% | |||
Port Auth. of New York & New Jersey: | |||
85th Series, 5.375% 3/1/28 | 3,885 | 4,013 | |
Series 193, 5% 10/15/28 (c) | 2,015 | 2,037 | |
Series 2019 218, 5% 11/1/36 (c) | 4,820 | 4,877 | |
Series 202, 5% 10/15/36 (c) | 5,455 | 5,476 | |
Series 2021 224, 5% 7/15/56 | 6,795 | 6,696 | |
Series 2021 227, 2% 10/1/34 (c) | 4,380 | 3,036 | |
Series 2023 238: | |||
5% 7/15/35 (c) | 8,475 | 8,779 | |
5% 7/15/36 (c) | 7,060 | 7,208 | |
5% 7/15/37 (c) | 4,235 | 4,270 | |
Series 214: | |||
4% 9/1/37 (c) | 4,000 | 3,552 | |
4% 9/1/39 (c) | 1,920 | 1,675 | |
4% 9/1/43 (c) | 6,500 | 5,427 | |
5% 9/1/33 (c) | 2,005 | 2,056 | |
Series 218: | |||
4% 11/1/47 (c) | 11,280 | 9,032 | |
5% 11/1/30 (c) | 1,130 | 1,162 | |
5% 11/1/44 (c) | 5,080 | 4,945 | |
Series 221: | |||
4% 7/15/36 (c) | 3,000 | 2,697 | |
4% 7/15/38 (c) | 1,000 | 879 | |
4% 7/15/40 (c) | 2,000 | 1,703 | |
4% 7/15/45 (c) | 8,000 | 6,502 | |
5% 7/15/32 (c) | 1,500 | 1,560 | |
Series 223, 5% 7/15/56 (c) | 8,850 | 8,281 | |
TOTAL NEW YORK AND NEW JERSEY | 95,863 | ||
Non-State Specific - 0.1% | |||
Port Auth. of New York & New Jersey Series 217, 5% 11/1/44 | 1,000 | 1,006 | |
Puerto Rico - 1.4% | |||
Puerto Rico Commonwealth Aqueduct & Swr. Auth. Series 2021 B, 5% 7/1/37 (b) | 3,345 | 3,145 | |
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1: | |||
0% 7/1/33 | 3,720 | 2,125 | |
5.625% 7/1/27 | 455 | 463 | |
5.625% 7/1/29 | 1,350 | 1,379 | |
5.75% 7/1/31 | 3,120 | 3,209 | |
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev.: | |||
Series 2018 A1: | |||
4.55% 7/1/40 | 325 | 288 | |
4.75% 7/1/53 | 2,250 | 1,900 | |
Series 2019 A2, 4.329% 7/1/40 | 3,632 | 3,137 | |
TOTAL PUERTO RICO | 15,646 | ||
TOTAL MUNICIPAL BONDS (Cost $1,227,720) | 1,101,760 | ||
Money Market Funds - 1.6% | |||
Shares | Value ($) (000s) | ||
Fidelity Municipal Cash Central Fund 4.14% (d)(e) (Cost $17,735) | 17,731,454 | 17,735 | |
TOTAL INVESTMENT IN SECURITIES - 99.4% (Cost $1,245,455) | 1,119,495 |
NET OTHER ASSETS (LIABILITIES) - 0.6% | 7,151 |
NET ASSETS - 100.0% | 1,126,646 |
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
Legend
(a) | Amount is stated in United States dollars unless otherwise noted. |
(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 $15,665,000 or 1.4% of net assets. |
(c) | Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals. |
(d) | Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate (Amounts in thousands) | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Municipal Cash Central Fund 4.14% | - | 153,386 | 135,651 | 240 | - | - | 17,735 | 0.8% |
Total | - | 153,386 | 135,651 | 240 | - | - | 17,735 | |
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - Unadjusted 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 investments by major category are as follows:
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Bonds are valued by pricing services 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 services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
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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