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 811-06398
Fidelity New York Municipal Trust II
(Exact name of registrant as specified in charter)
245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, 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: | January 31, 2024 |
Item 1.
Reports to Stockholders
Contents
Current 7-Day Yields | ||
Fidelity® New York Municipal Money Market Fund | 3.88% | |
Institutional Class | 4.09% | |
Premium Class | 4.0% | |
Yield refers to the income paid by the Fund over a given period. Yield for money market funds is usually for seven-day periods, as it is here, though it is expressed as an annual percentage rate. Past performance is no guarantee of future results. Yield will vary and it's possible to lose money investing in the Fund. A portion of the Fund's expenses was reimbursed and/or waived. Absent such reimbursements and/or waivers the yield for the period ending January 31, 2024, the most recent period shown in the table, would have been 3.87% for Fidelity® New York Municipal Money Market Fund, 4.04% for Institutional Class, and 3.99% for Premium Class. |
Effective Maturity Diversification (% of Fund's Investments) | ||
Days | ||
1 - 7 | 88.5 | |
8 - 30 | 0.4 | |
31 - 60 | 2.7 | |
61 - 90 | 0.6 | |
91 - 180 | 6.4 | |
> 180 | 1.4 | |
Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940. |
Asset Allocation (% of Fund's net assets) |
Variable Rate Demand Note - 51.9% | |||
Principal Amount (a) | Value ($) | ||
Alabama - 0.5% | |||
Decatur Indl. Dev. Board Exempt Facilities Rev. (Nucor Steel Decatur LLC Proj.) Series 2003 A, 5.42% 2/7/24, VRDN (b)(c) | 7,421,000 | 7,421,000 | |
West Jefferson Indl. Dev. Board Solid Waste Disp. Rev. (Alabama Pwr. Co. Plant Miller Proj.) Series 2023, 5.1% 2/7/24, VRDN (b)(c) | 9,600,000 | 9,600,000 | |
TOTAL ALABAMA | 17,021,000 | ||
Arizona - 0.2% | |||
Maricopa County Poll. Cont. Rev. Series 2009 C, 4.75% 2/7/24, VRDN (b) | 5,700,000 | 5,700,000 | |
Arkansas - 0.1% | |||
Blytheville Indl. Dev. Rev. (Nucor Corp. Proj.) Series 2002, 4.9% 2/7/24, VRDN (b)(c) | 4,600,000 | 4,600,000 | |
Florida - 0.6% | |||
Broward County Indl. Dev. Rev. (Florida Pwr. & Lt. Co. Proj.): | |||
Series 2015, 4.85% 2/7/24, VRDN (b)(c) | 9,200,000 | 9,200,000 | |
Series 2018 B, 4.8% 2/7/24, VRDN (b)(c) | 3,500,000 | 3,500,000 | |
Lee County Indl. Dev. Auth. Rev. (Florida Pwr. & Lt. Co. Proj.) Series 2016 A, 4.85% 2/7/24, VRDN (b)(c) | 3,300,000 | 3,300,000 | |
Miami-Dade County Indl. Dev. Auth. Rev. (Florida Pwr. & Lt. Co. Proj.) Series 2021, 4.7% 2/7/24, VRDN (b)(c) | 4,100,000 | 4,100,000 | |
TOTAL FLORIDA | 20,100,000 | ||
Georgia - 0.3% | |||
Monroe County Dev. Auth. Poll. Cont. Rev. (Gulf Pwr. Co. Plant Scherer Proj.) Series 2010, 4.7% 2/7/24, VRDN (b) | 1,500,000 | 1,500,000 | |
Monroe County Dev. Auth. Rev. (Florida Pwr. & Lt. Co. Proj.) Series 2017, 4.85% 2/7/24, VRDN (b)(c) | 6,500,000 | 6,500,000 | |
TOTAL GEORGIA | 8,000,000 | ||
Indiana - 0.1% | |||
Indiana Dev. Fin. Auth. Envir. Rev. (PSI Energy Proj.) Series 2003 A, 4.85% 2/7/24, VRDN (b)(c) | 1,500,000 | 1,500,000 | |
Iowa - 0.5% | |||
Iowa Fin. Auth. Solid Waste Facilities (MidAmerican Energy Co. Proj.) Series 2017, 4.6% 2/7/24, VRDN (b)(c) | 16,900,000 | 16,900,000 | |
Kansas - 0.2% | |||
Burlington Envir. Impt. Rev. (Kansas City Pwr. and Lt. Co. Proj.): | |||
Series 2007 A, 4.62% 2/7/24, VRDN (b) | 700,000 | 700,000 | |
Series 2007 B, 4.62% 2/7/24, VRDN (b) | 2,600,000 | 2,600,000 | |
Wamego Kansas Poll. Cont. Rfdg. Rev. (Western Resources, Inc. Proj.) Series 1994, 4.65% 2/7/24, VRDN (b) | 2,800,000 | 2,800,000 | |
TOTAL KANSAS | 6,100,000 | ||
Louisiana - 0.8% | |||
Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.): | |||
Series 2010 A1, 5.27% 2/7/24, VRDN (b) | 13,500,000 | 13,500,000 | |
Series 2010 B1, 4.95% 2/7/24, VRDN (b) | 11,550,000 | 11,550,000 | |
TOTAL LOUISIANA | 25,050,000 | ||
Nebraska - 0.0% | |||
Stanton County Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1996, 5.42% 2/7/24, VRDN (b)(c) | 600,000 | 600,000 | |
New York - 48.0% | |||
Amherst Dev. Corp. Student Hsg. Facility Rev. (South Lake Village Proj.) Series 2010 B, 4.65% 2/7/24, LOC HSBC Bank U.S.A., NA, VRDN (b) | 3,885,000 | 3,885,000 | |
Battery Park City Auth. Rev. Series 2019 D1, 4.62% 2/7/24 (Liquidity Facility TD Banknorth, NA), VRDN (b) | 16,700,000 | 16,700,000 | |
New York City Gen. Oblig.: | |||
Series 2006 E3, 4.89% 2/7/24, LOC Bank of America NA, VRDN (b) | 1,190,000 | 1,190,000 | |
Series 2009 B3, 4.71% 2/7/24, LOC TD Banknorth, NA, VRDN (b) | 21,085,000 | 21,085,000 | |
Series 2010 G4, 4.5% 2/7/24 (Liquidity Facility Barclays Bank PLC), VRDN (b) | 47,905,000 | 47,905,000 | |
Series 2013 A4, 4.6% 2/7/24 (Liquidity Facility Sumitomo Mitsui Banking Corp.), VRDN (b) | 15,805,000 | 15,805,000 | |
Series 2013 A5, 4.52% 2/7/24 (Liquidity Facility Sumitomo Mitsui Banking Corp.), VRDN (b) | 11,025,000 | 11,025,000 | |
New York City Health & Hosp. Corp. Rev. Series 2008 C, 4.74% 2/7/24, LOC TD Banknorth, NA, VRDN (b) | 14,470,000 | 14,470,000 | |
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev.: | |||
(Beacon Mews Dev. Proj.) Series 2006 A, 4.3% 2/7/24, LOC Citibank NA, VRDN (b)(c) | 6,500,000 | 6,500,000 | |
(Cook Street Apts. Proj.) Series A, 4.29% 2/7/24, LOC JPMorgan Chase Bank, VRDN (b)(c) | 3,580,000 | 3,580,000 | |
(Granite Terrace Apts. Proj.) Series A, 4.85% 2/7/24, LOC Citibank NA, VRDN (b)(c) | 2,660,000 | 2,660,000 | |
(Intervale Gardens Apts.) Series A, 4.85% 2/7/24, LOC Citibank NA, VRDN (b)(c) | 2,815,000 | 2,815,000 | |
(Manhattan Court Dev. Proj.) Series A, 4.85% 2/7/24, LOC Citibank NA, VRDN (b)(c) | 6,920,000 | 6,920,000 | |
(Related-Upper East Proj.) Series A, 4.3% 2/7/24, LOC Landesbank Baden-Wurttemberg, VRDN (b)(c) | 67,000,000 | 67,000,000 | |
(Urban Horizons II Dev. Proj.) Series 2005 A, 4.8% 2/7/24, LOC Citibank NA, VRDN (b)(c) | 3,465,000 | 3,465,000 | |
New York City Indl. Dev. Agcy. Indl. Dev. Rev. (Tiago Hldgs., LLC Proj.) Series 2007, 4.7% 2/7/24, LOC TD Banknorth, NA, VRDN (b)(c) | 23,155,000 | 23,155,000 | |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.: | |||
Series 2000 C, 4.83% 2/7/24 (Liquidity Facility Sumitomo Mitsui Banking Corp.), VRDN (b) | 29,700,000 | 29,700,000 | |
Series 2003 F2, 3.8% 2/1/24 (Liquidity Facility Citibank NA), VRDN (b) | 6,805,000 | 6,805,000 | |
Series 2009 BB1, 3.7% 2/1/24 (Liquidity Facility UBS AG), VRDN (b) | 2,200,000 | 2,200,000 | |
Series 2011 DD-1, 3.75% 2/1/24 (Liquidity Facility TD Banknorth, NA), VRDN (b) | 1,100,000 | 1,100,000 | |
Series 2015 BB4, 3.7% 2/1/24 (Liquidity Facility Barclays Bank PLC), VRDN (b) | 7,100,000 | 7,100,000 | |
Series 2016 AA2, 4.52% 2/7/24 (Liquidity Facility PNC Bank NA), VRDN (b) | 3,200,000 | 3,200,000 | |
Series 2021 EE2, 3.8% 2/1/24 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (b) | 1,500,000 | 1,500,000 | |
Series 2023 CC, 3.7% 2/1/24 (Liquidity Facility Barclays Bank PLC), VRDN (b) | 2,500,000 | 2,500,000 | |
New York City Transitional Fin. Auth. Rev.: | |||
Series 2011 A4 3.7% 2/1/24 (Liquidity Facility Barclays Bank PLC), VRDN (b) | 2,000,000 | 2,000,000 | |
Series 2013 A, 4.6% 2/7/24 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (b) | 5,000,000 | 5,000,000 | |
Series 2013 C5, 4.65% 2/7/24 (Liquidity Facility Sumitomo Mitsui Banking Corp.), VRDN (b) | 53,200,000 | 53,200,000 | |
Series 2014 D4, 4.52% 2/7/24 (Liquidity Facility Mizuho Corporate Bank Ltd.), VRDN (b) | 13,950,000 | 13,950,000 | |
Series 2019 C4, 3.7% 2/1/24 (Liquidity Facility Barclays Bank PLC), VRDN (b) | 35,765,000 | 35,765,000 | |
New York Dorm. Auth. Revs.: | |||
Series 2004 A, 4.85% 2/7/24 (Liquidity Facility Bank of New York, New York), VRDN (b) | 2,620,000 | 2,620,000 | |
Series 2004 B, 4.85% 2/7/24 (Liquidity Facility Bank of New York, New York), VRDN (b) | 2,505,000 | 2,505,000 | |
New York Hsg. Fin. Agcy. Rev.: | |||
(750 Sixth Avenue Hsg. Proj.) Series 1999 A, 4.3% 2/7/24, LOC Landesbank Hessen-Thuringen, VRDN (b)(c) | 18,700,000 | 18,700,000 | |
(8 East 102nd Street Hsg. Proj.) Series 2010 A, 4.55% 2/7/24, LOC TD Banknorth, NA, VRDN (b) | 32,620,000 | 32,620,000 | |
Series 2010 A: | |||
4.7% 2/7/24, LOC Landesbank Hessen-Thuringen, VRDN (b) | 1,040,000 | 1,040,000 | |
4.7% 2/7/24, LOC Landesbank Hessen-Thuringen, VRDN (b) | 17,135,000 | 17,135,000 | |
New York Metropolitan Trans. Auth. Dedicated Tax Fund Rev. Series A, 3.75% 2/1/24, LOC TD Banknorth, NA, VRDN (b) | 5,535,000 | 5,535,000 | |
New York Metropolitan Trans. Auth. Rev.: | |||
Series 2005 E1, 4.5% 2/7/24, LOC Barclays Bank PLC, VRDN (b) | 16,300,000 | 16,300,000 | |
Series 2015 E1, 3.7% 2/1/24, LOC Barclays Bank PLC, VRDN (b) | 8,195,000 | 8,195,000 | |
New York State Energy Research & Dev. Auth. Facilities Rev.: | |||
(Consolidated Edison Co. of New York, Inc. Proj.): | |||
Series 2004 C1, 4.7% 2/7/24, LOC Mizuho Bank Ltd., VRDN (b)(c) | 14,440,000 | 14,440,000 | |
Series 2004 C2, 4.7% 2/7/24, LOC Mizuho Bank Ltd., VRDN (b)(c) | 32,310,000 | 32,310,000 | |
Series 2004 C3, 4.2% 2/7/24, LOC Mizuho Bank Ltd., VRDN (b)(c) | 24,900,000 | 24,900,000 | |
Series 2010 A, 4.2% 2/7/24, LOC Bank of Nova Scotia, VRDN (b)(c) | 39,300,000 | 39,300,000 | |
Series 2010 A4, 4.5% 2/7/24, LOC Bank of Nova Scotia, VRDN (b)(c) | 10,700,000 | 10,700,000 | |
Triborough Bridge & Tunnel Auth. Revs. Series 2005 A, 4.5% 2/7/24, LOC Barclays Bank PLC, VRDN (b) | 11,370,000 | 11,370,000 | |
FHLMC: | |||
New York City Hsg. Dev. Corp. Multi-family Rental Hsg. Rev. (Linden Plaza Proj.) Series 2008 A, 4.87% 2/7/24, LOC Freddie Mac, VRDN (b)(c) | 28,600,000 | 28,600,000 | |
New York Hsg. Fin. Agcy. Rev.: | |||
(Clinton Green South Hsg. Proj.) Series 2005 A, 4.3% 2/7/24, LOC Freddie Mac, VRDN (b)(c) | 26,000,000 | 26,000,000 | |
(Saville Hsg. Proj.) Series 2002 A, 4.27% 2/7/24, LOC Freddie Mac, VRDN (b)(c) | 28,100,000 | 28,100,000 | |
(Theatre Row Tower Hsg. Proj.): | |||
Series 2001 A, 4.3% 2/7/24, LOC Freddie Mac, VRDN (b)(c) | 10,000,000 | 10,000,000 | |
Series 2002 A, 4.3% 2/7/24, LOC Freddie Mac, VRDN (b)(c) | 8,100,000 | 8,100,000 | |
FNMA: | |||
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev. (89 Murray St. Proj.) Series A, 4.27% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 49,800,000 | 49,800,000 | |
New York City Hsg. Dev. Corp. Multi-family Rental Hsg. Rev.: | |||
(155 West 21st Street Dev. Proj.) Series 2007 A, 4.3% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 37,800,000 | 37,800,000 | |
(Brittany Dev. Proj.) Series A, 4.27% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 46,700,000 | 46,700,000 | |
(Sierra Dev. Proj.) Series A, 4.27% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 15,000,000 | 15,000,000 | |
(Two Gold Street Proj.) Series 2006 A, 4.7% 2/7/24, LOC Fannie Mae, VRDN (b) | 17,800,000 | 17,800,000 | |
(Westport Dev. Proj.) Series 2004 A, 4.27% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 46,000,000 | 46,000,000 | |
Series 2002 A, 4.27% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 26,700,000 | 26,700,000 | |
New York Hsg. Fin. Agcy. Rev.: | |||
(1500 Lexington Avenue Proj.) Series A, 4.5% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 17,700,000 | 17,700,000 | |
(240 East 39th Street Hsg. Proj.) Series 1997 A, 4.27% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 37,100,000 | 37,100,000 | |
(250 West 50th Street Hsg. Proj.) Series 1997 A, 4.27% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 13,200,000 | 13,200,000 | |
(316 Eleventh Ave. Hsg. Proj.) Series 2007 A, 4.3% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 88,630,000 | 88,630,000 | |
(360 West 43rd Street Hsg. Proj.) Series A, 4.3% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 22,200,000 | 22,200,000 | |
(600 West and 42nd St. Hsg. Proj.) Series 2007 A, 4.87% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 148,925,000 | 148,925,000 | |
(East 39th Street Hsg. Proj.) Series 2000 A, 4.3% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 13,100,000 | 13,100,000 | |
(West 20th Street Proj.) Series 2001 A: | |||
4.87% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 28,700,000 | 28,700,000 | |
4.87% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 51,000,000 | 51,000,000 | |
(West 23rd Street Hsg. Proj.): | |||
Series 2001 A, 4.74% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 13,000,000 | 13,000,000 | |
Series 2002 A, 4.74% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 72,600,000 | 72,600,000 | |
Series 2004 A, 4.87% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 70,300,000 | 70,300,000 | |
Series 2008 A, 4.73% 2/7/24, LOC Fannie Mae, VRDN (b)(c) | 10,000,000 | 10,000,000 | |
Series 2009 A, 4.7% 2/7/24, LOC Fannie Mae, VRDN (b) | 9,800,000 | 9,800,000 | |
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev. (La Casa del Sol Proj.) Series 2005 A, 4.8% 2/7/24, LOC Citibank NA, VRDN (b)(c) | 3,350,000 | 3,350,000 | |
TOTAL NEW YORK | 1,590,055,000 | ||
New York And New Jersey - 0.1% | |||
Port Auth. of New York & New Jersey Series 1995 3, SIFMA Municipal Swap Index + 0.080% 4.63% 3/1/24, VRDN (b)(c)(d)(e) | 4,600,000 | 4,600,000 | |
South Carolina - 0.1% | |||
Berkeley County Indl. Dev. Rev.: | |||
(Nucor Corp. Proj.) Series 1997, 5.42% 2/7/24, VRDN (b)(c) | 100,000 | 100,000 | |
Series 1998, 4.95% 2/7/24, VRDN (b)(c) | 2,439,000 | 2,439,000 | |
TOTAL SOUTH CAROLINA | 2,539,000 | ||
Utah - 0.3% | |||
Emery County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1994, 4.85% 2/7/24, VRDN (b) | 11,200,000 | 11,200,000 | |
West Virginia - 0.0% | |||
West Virginia Econ. Dev. Auth. Solid Waste Disp. Facilities Rev. (Appalachian Pwr. Co. Amos Proj.) Series 2008 B, 4.64% 2/7/24, VRDN (b)(c) | 1,200,000 | 1,200,000 | |
Wyoming - 0.1% | |||
Converse County Envir. Impt. Rev. Series 1995, 5% 2/7/24, VRDN (b)(c) | 1,500,000 | 1,500,000 | |
TOTAL VARIABLE RATE DEMAND NOTE (Cost $1,716,665,000) | 1,716,665,000 | ||
Tender Option Bond - 26.8% | |||
Principal Amount (a) | Value ($) | ||
Colorado - 0.2% | |||
Colorado Health Facilities Auth. Rev. Bonds Participating VRDN Series 2023, 4.85% 3/6/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 5,500,000 | 5,500,000 | |
Florida - 0.1% | |||
Broward County Convention Ctr. Participating VRDN Series XF 16 41, 4.65% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 3,000,000 | 3,000,000 | |
Illinois - 0.1% | |||
Illinois Fin. Auth. Participating VRDN Series BAML 50 45, 4.63% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 3,700,000 | 3,700,000 | |
Missouri - 0.0% | |||
Missouri Health & Edl. Facilities Rev. Bonds Series 2023 G 121, 4.75%, tender 6/3/24 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 1,100,000 | 1,100,000 | |
New Jersey - 0.4% | |||
New Jersey Hsg. & Mtg. Fin. Agcy. Multi-family Rev. Participating VRDN Series Floater 2024, 4.8% 3/6/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 12,000,000 | 12,000,000 | |
New York - 23.9% | |||
Dutchess County Local Dev. Corp. Rev. Participating VRDN Series Floater 2024, 4.8% 3/6/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 15,000,000 | 15,000,000 | |
Hudson Yards Infrastructure Corp. New York Rev. Participating VRDN: | |||
Series 2022 ZF 14 06, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,250,000 | 2,250,000 | |
Series 2022 ZF 14 13, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 5,830,000 | 5,830,000 | |
Series 2022 ZL 03 52, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 1,665,000 | 1,665,000 | |
Series 2023 0004, 4.58% 2/7/24 (Liquidity Facility Citibank NA) (b)(f)(g) | 6,250,000 | 6,250,000 | |
Series Floaters XF 05 49, 4.58% 2/7/24 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 8,000,000 | 8,000,000 | |
Series ZF 31 77, 4.58% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 4,185,000 | 4,185,000 | |
Long Island Pwr. Auth. Elec. Sys. Rev. Participating VRDN Series XF 16 26, 4.58% 2/7/24 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 2,640,000 | 2,640,000 | |
New York City Gen. Oblig. Participating VRDN: | |||
Series 2022 XL 03 53, 4.58% 2/7/24 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 2,860,000 | 2,860,000 | |
Series 2022 ZL 03 74, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 1,800,000 | 1,800,000 | |
Series Floaters E 118, 3.85% 2/1/24 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 4,935,000 | 4,935,000 | |
Series Floaters E88, 4.58% 2/7/24 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 4,830,000 | 4,830,000 | |
Series Floaters XM 07 06, 4.58% 2/7/24 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 2,100,000 | 2,100,000 | |
Series XF 13 08, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,515,000 | 2,515,000 | |
Series XF 13 27, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 4,000,000 | 4,000,000 | |
Series XF 13 39, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,045,000 | 2,045,000 | |
Series XF 14 44, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,875,000 | 1,875,000 | |
Series XF 15 83, 4.58% 2/7/24 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 1,000,000 | 1,000,000 | |
Series XF 15 89, 4.58% 2/7/24 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 2,000,000 | 2,000,000 | |
Series XL 04 41, 4.58% 2/7/24 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 5,800,000 | 5,800,000 | |
Series XM 10 06, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,400,000 | 2,400,000 | |
Series XM 10 09, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 4,445,000 | 4,445,000 | |
Series XM 10 53, 4.57% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 3,750,000 | 3,750,000 | |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Participating VRDN: | |||
Series 2022 XL 03 68, 4.58% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 5,300,000 | 5,300,000 | |
Series 2022 XL 03 75, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 4,040,000 | 4,040,000 | |
Series 2022 XL 03 76, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,255,000 | 2,255,000 | |
Series 2022 XL 03 77, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 4,785,000 | 4,785,000 | |
Series 2022 XL 03 78, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 915,000 | 915,000 | |
Series 2023, 4.58% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 11,830,000 | 11,830,000 | |
Series Floaters E 129, 4.58% 2/7/24 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 48,700,000 | 48,700,000 | |
Series XF 14 62, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,445,000 | 2,445,000 | |
Series XF 14 97, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 3,620,000 | 3,620,000 | |
Series XF 15 00, 4.58% 2/7/24 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 24,375,000 | 24,375,000 | |
Series XF 16 46, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 3,500,000 | 3,500,000 | |
Series XG 05 10, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 3,350,000 | 3,350,000 | |
Series XL 03 81, 4.58% 2/7/24 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 1,875,000 | 1,875,000 | |
Series XL 03 85, 4.57% 2/7/24 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 1,370,000 | 1,370,000 | |
Series ZF 31 67, 4.58% 2/7/24 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 1,875,000 | 1,875,000 | |
Series ZL 03 93, 4.58% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 2,100,000 | 2,100,000 | |
Series ZL 05 17, 4.58% 2/7/24 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 1,665,000 | 1,665,000 | |
New York City Transitional Fin. Auth.: | |||
Bonds Series MS 00 19, 4.7%, tender 4/25/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(d)(f)(g) | 14,675,000 | 14,675,000 | |
Participating VRDN: | |||
Series XF 31 82, 4.58% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,755,000 | 2,755,000 | |
Series XG 05 24, 4.58% 2/7/24 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 7,610,000 | 7,610,000 | |
Series XX 13 23, 4.58% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 6,000,000 | 6,000,000 | |
Series XX 13 24, 4.58% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 7,500,000 | 7,500,000 | |
Series ZF 31 78, 4.57% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 3,400,000 | 3,400,000 | |
Series ZF 31 79, 4.57% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 3,400,000 | 3,400,000 | |
New York City Transitional Fin. Auth. Rev. Participating VRDN: | |||
Series 2022 XF 14 16, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 3,000,000 | 3,000,000 | |
Series 2022 XF 14 20, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 4,800,000 | 4,800,000 | |
Series 2022 XF 30 21, 4.58% 2/7/24 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 3,600,000 | 3,600,000 | |
Series 2022 XF 30 47, 4.58% 2/7/24 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 2,400,000 | 2,400,000 | |
Series 2022 XM 10 69, 4.58% 2/7/24 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 2,445,000 | 2,445,000 | |
Series 2022 XM 10 70, 4.57% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 3,280,000 | 3,280,000 | |
Series 2022 ZF 30 63, 4.57% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 3,750,000 | 3,750,000 | |
Series 2022 ZL 03 45, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 3,935,000 | 3,935,000 | |
Series 2023, 4.58% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 3,305,000 | 3,305,000 | |
Series Floaters XF 27 31, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 3,805,000 | 3,805,000 | |
Series XF 15 35, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 3,000,000 | 3,000,000 | |
Series XF 15 87, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,700,000 | 2,700,000 | |
Series XF 16 29, 3.8% 2/1/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 16,245,000 | 16,245,000 | |
Series XF 16 38, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,000,000 | 2,000,000 | |
Series XF 16 43, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,910,000 | 2,910,000 | |
Series XF 16 44, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 6,470,000 | 6,470,000 | |
Series ZL 03 58, 4.57% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 5,000,000 | 5,000,000 | |
New York Dorm. Auth. Rev. Participating VRDN: | |||
Series XG 02 76, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,255,000 | 2,255,000 | |
Series XG 03 75, 4.6% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,665,000 | 2,665,000 | |
Series XL 04 63, 4.58% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 5,215,000 | 5,215,000 | |
New York Metropolitan Trans. Auth. Rev. Participating VRDN: | |||
Series XF 08 65, 4.6% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 5,670,000 | 5,670,000 | |
Series XF 16 14, 4.58% 2/7/24 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 1,245,000 | 1,245,000 | |
Series XF 28 68, 4.59% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,000,000 | 2,000,000 | |
Series XF 28 78, 4.59% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 16,900,000 | 16,900,000 | |
Series XF 30 00, 4.59% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 107,020,000 | 107,020,000 | |
Series XF 30 70, 4.59% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 30,365,000 | 30,365,000 | |
Series XF 31 05, 4.59% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 20,255,000 | 20,255,000 | |
Series XG 02 90, 4.59% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 17,100,000 | 17,100,000 | |
Series XX 11 56, 4.59% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 9,165,000 | 9,165,000 | |
New York State Envir. Facilities Corp. Rev. Participating VRDN Series XF 14 42, 4.58% 2/7/24 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 7,125,000 | 7,125,000 | |
New York State Mtg. Agcy. Homeowner Mtg. Participating VRDN Series XF 15 21, 4.58% 2/7/24 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 1,660,000 | 1,660,000 | |
New York Thruway Auth. Gen. Rev. Participating VRDN: | |||
Series XF 08 47, 4.58% 2/7/24 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 6,385,000 | 6,385,000 | |
Series XX 11 27, 4.59% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 5,220,000 | 5,220,000 | |
New York Trans. Dev. Corp. Participating VRDN: | |||
Series 2022 E 154, 4.65% 2/7/24 (Liquidity Facility Royal Bank of Canada) (b)(c)(f)(g) | 103,350,000 | 103,350,000 | |
Series Floaters XM 00 89, 4.6% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 3,790,000 | 3,790,000 | |
Series Floaters XX 10 38, 4.6% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 5,835,000 | 5,835,000 | |
Series XF 30 65, 4.6% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 5,995,000 | 5,995,000 | |
Series XG 05 42, 4.6% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 14,000,000 | 14,000,000 | |
Series XL 05 26, 4.58% 2/7/24 (Liquidity Facility Royal Bank of Canada) (b)(c)(f)(g) | 3,640,000 | 3,640,000 | |
Series XL 05 27, 4.63% 2/7/24 (Liquidity Facility Toronto-Dominion Bank) (b)(c)(f)(g) | 7,545,000 | 7,545,000 | |
Series ZF 32 14, 4.6% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 13,330,000 | 13,330,000 | |
Triborough Bridge & Tunnel Auth. Participating VRDN: | |||
Series 2022 XF 13 82, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,100,000 | 2,100,000 | |
Series 2022 XF 13 83, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 3,050,000 | 3,050,000 | |
Series 2022 XG 04 05, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,875,000 | 1,875,000 | |
Series 2022 XM 09 93, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 4,000,000 | 4,000,000 | |
Series XM 09 94, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 5,335,000 | 5,335,000 | |
Series XM 09 95, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,665,000 | 2,665,000 | |
Triborough Bridge & Tunnel Auth. Revs. Participating VRDN: | |||
Series 2022 ZF 30 57, 4.58% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 2,750,000 | 2,750,000 | |
Series 2022 ZL 03 40, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,500,000 | 2,500,000 | |
Series XF 13 50, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 3,200,000 | 3,200,000 | |
Series XF 13 93, 4.58% 2/7/24 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 8,040,000 | 8,040,000 | |
Series XF 14 95, 4.58% 2/7/24 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 1,565,000 | 1,565,000 | |
Series XF 16 15, 4.58% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 8,225,000 | 8,225,000 | |
Series XF 16 51, 4.58% 2/7/24 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 3,750,000 | 3,750,000 | |
Series XF 16 65, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 3,305,000 | 3,305,000 | |
Series XL 02 74, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,665,000 | 1,665,000 | |
Series XM 10 31, 4.58% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 3,750,000 | 3,750,000 | |
TOTAL NEW YORK | 789,665,000 | ||
New York And New Jersey - 1.7% | |||
Port Auth. of New York & New Jersey Participating VRDN: | |||
Series 2022 ZL 03 73, 4.59% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 1,750,000 | 1,750,000 | |
Series 2023 G, 4.61% 2/7/24 (Liquidity Facility Royal Bank of Canada) (b)(c)(f)(g) | 5,800,000 | 5,800,000 | |
Series Floater 2023-0009, 4.58% 2/7/24 (Liquidity Facility Citibank NA) (b)(c)(f)(g) | 5,700,000 | 5,700,000 | |
Series X3 03 37, 4.61% 2/7/24 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 10,125,000 | 10,125,000 | |
Series XF 14 53, 4.62% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 1,740,000 | 1,740,000 | |
Series XF 14 54, 4.62% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 2,310,000 | 2,310,000 | |
Series XF 16 22, 4.58% 2/7/24 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,475,000 | 1,475,000 | |
Series XF 31 84, 4.58% 2/7/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(c)(f)(g) | 8,975,000 | 8,975,000 | |
Series XG 03 79, 4.61% 2/7/24 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 800,000 | 800,000 | |
Series XG 03 94, 4.61% 2/7/24 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 5,940,000 | 5,940,000 | |
Series XG 04 38, 4.61% 2/7/24 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 2,145,000 | 2,145,000 | |
Series XG 05 26, 4.61% 2/7/24 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 2,400,000 | 2,400,000 | |
Series YX 11 78, 4.62% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 4,225,000 | 4,225,000 | |
Series ZL 02 55, 4.61% 2/7/24 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 3,100,000 | 3,100,000 | |
Series ZL 02 70, 4.62% 2/7/24 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 1,470,000 | 1,470,000 | |
TOTAL NEW YORK AND NEW JERSEY | 57,955,000 | ||
Texas - 0.1% | |||
El Paso Wtr. & Swr. Rev. Bonds Series G 124, 4.75%, tender 3/1/24 (Liquidity Facility Royal Bank of Canada) (b)(d)(e)(f)(g) | 1,000,000 | 1,000,000 | |
Harris County Cultural Ed. Facilities Fin. Corp. Rev. Participating VRDN Series XF 32 03, 4.7% 2/7/24 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 2,000,000 | 2,000,000 | |
Texas Wtr. Dev. Board Rev. Bonds Series MS 00 17, 4.7%, tender 4/25/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(d)(f)(g) | 1,500,000 | 1,500,000 | |
TOTAL TEXAS | 4,500,000 | ||
Virginia - 0.2% | |||
Suffolk Econ. Dev. Auth. Hosp. Facilities Rev. Participating VRDN Series MIZ 90 25, 4.65% 2/7/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(f)(g) | 7,400,000 | 7,400,000 | |
Washington - 0.1% | |||
Central Puget Sound Reg'l. Trans. Auth. Sales & Use Tax Rev. Bonds Series G 123, 4.75%, tender 5/1/24 (Liquidity Facility Royal Bank of Canada) (b)(d)(f)(g) | 800,000 | 800,000 | |
Port of Seattle Rev. Participating VRDN Series XM 10 27, 4.69% 2/7/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 1,000,000 | 1,000,000 | |
TOTAL WASHINGTON | 1,800,000 | ||
TOTAL TENDER OPTION BOND (Cost $886,620,000) | 886,620,000 | ||
Other Municipal Security - 10.5% | |||
Principal Amount (a) | Value ($) | ||
Michigan - 0.0% | |||
Kent Hosp. Fin. Auth. Hosp. Facilities Rev. Bonds (Spectrum Health Sys. Proj.) Series 2015 A, SIFMA Municipal Swap Index + 0.250% 4.8%, tender 8/28/24 (b)(e) | 1,100,000 | 1,100,001 | |
New York - 10.5% | |||
Bay Shore Union Free School District TAN Series 2023, 5% 6/21/24 | 29,100,000 | 29,244,208 | |
Broome County Gen. Oblig. BAN Series 2023 A, 4% 4/26/24 | 258,098 | 258,262 | |
Connetquot Central School District BAN Series 2023, 5% 6/21/24 | 1,930,000 | 1,937,494 | |
County of Chemung Gen. Oblig. BAN Series 2023 A, 4.25% 8/29/24 | 1,560,000 | 1,560,000 | |
Ctr. Moriches Union Free School TAN Series 2023, 5% 6/27/24 | 6,675,000 | 6,706,757 | |
Elwood Union Free School District TAN Series 2023, 5% 6/21/24 | 8,500,000 | 8,530,890 | |
Frontier Csd Hamburg Township BAN Series 2023 A, 5% 6/27/24 | 28,000,000 | 28,153,057 | |
Grand Island County BAN Series 2023, 4.75% 10/4/24 | 609,595 | 612,430 | |
Horseheads Central School District BAN Series 2023, 4.75% 6/21/24 | 2,130,000 | 2,138,120 | |
Hudson Yards Infrastructure Corp. New York Rev. Bonds Series 2017 A, 5% 2/15/24 | 850,000 | 850,371 | |
Lancaster Central School District BAN Series 2023, 5% 6/7/24 | 5,900,000 | 5,925,456 | |
Mahopac Cent Scd BAN Series 2023, 5% 7/26/24 | 18,644,100 | 18,764,297 | |
Miller Place Union Free School District BAN Series 2023, 5% 6/24/24 | 12,000,000 | 12,062,515 | |
Minisink Valley Central School District BAN Series 2023, 5% 6/21/24 | 28,944,927 | 29,092,299 | |
Mount Sinai Union Free School District TAN Series 2023, 5% 6/27/24 | 11,300,000 | 11,353,417 | |
Nassau County Gen. Oblig. Bonds: | |||
Series 2014 A: | |||
5% 4/1/24 (Pre-Refunded to 4/1/24 @ 100) | 155,000 | 155,364 | |
5% 4/1/24 (Pre-Refunded to 4/1/24 @ 100) | 390,000 | 390,924 | |
5% 4/1/24 (Pre-Refunded to 4/1/24 @ 100) | 150,000 | 150,241 | |
Series 2015 B, 5% 4/1/24 (Pre-Refunded to 4/1/24 @ 100) | 100,000 | 100,203 | |
New Rochelle City School District BAN Series 2023 A, 5% 4/5/24 | 525,000 | 526,117 | |
New York City Gen. Oblig. Bonds: | |||
Series 2013 H, 5% 8/1/24 | 125,000 | 125,000 | |
Series 2015 A, 5% 8/1/24 | 170,000 | 170,733 | |
Series 2015 C, 5% 8/1/24 | 600,000 | 603,301 | |
Series 2017 C, 5% 8/1/24 | 860,000 | 864,136 | |
Series 2017, 5% 8/1/24 | 175,000 | 175,995 | |
Series 2019 E, 5% 8/1/24 | 150,000 | 150,772 | |
Series 2020 B1, 5% 10/1/24 | 125,000 | 125,910 | |
Series 2021 C, 5% 8/1/24 | 1,080,000 | 1,085,237 | |
Series J, 5% 8/1/24 | 525,000 | 527,562 | |
New York City Health & Hosp. Corp. Rev. Bonds Series A, 5% 2/15/24 | 100,000 | 100,032 | |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Bonds: | |||
Series 2021 BB2, 4% 6/15/24 | 125,000 | 125,188 | |
Series AA, 4% 6/15/24 | 770,000 | 770,389 | |
New York City Transitional Fin. Auth. Bonds Series 2018, 5% 5/1/24 | 400,000 | 400,991 | |
New York City Transitional Fin. Auth. Bldg. Aid Rev. Bonds Series 2015 S1, 5% 7/15/24 | 225,000 | 226,299 | |
New York City Transitional Fin. Auth. Rev. Bonds: | |||
Series 2015 C, 5% 11/1/24 | 490,000 | 493,851 | |
Series 2015 E1, 5% 2/1/24 | 200,000 | 200,000 | |
Series 2016 E1, 5% 2/1/24 | 100,000 | 100,000 | |
Series 2022 C1, 5% 2/1/24 | 205,000 | 205,000 | |
New York City Trust For Cultural Bonds: | |||
Series 2023 B2, SIFMA Municipal Swap Index + 0.040% 4.59%, tender 4/29/24 (b)(e) | 9,900,000 | 9,900,000 | |
Series 2023, 0.000% x SIFMA Municipal Swap Index 4.59%, tender 7/15/24 (b)(e) | 12,555,000 | 12,555,000 | |
New York Dorm. Auth. Personal Income Tax Rev. Bonds: | |||
Series 2014 1, 5% 3/15/24 (Escrowed to Maturity) | 450,000 | 450,695 | |
Series 2014 A: | |||
5% 2/15/24 (Escrowed to Maturity) | 925,000 | 925,430 | |
5% 2/15/24 (Pre-Refunded to 2/15/24 @ 100) | 770,000 | 770,328 | |
5% 2/15/24 (Pre-Refunded to 2/15/24 @ 100) | 100,000 | 100,041 | |
5% 2/15/24 (Pre-Refunded to 2/15/24 @ 100) | 300,000 | 300,166 | |
Series 2014 C: | |||
5% 3/15/24 (Pre-Refunded to 3/15/24 @ 100) | 195,000 | 195,320 | |
5% 3/15/24 (Pre-Refunded to 3/15/24 @ 100) | 250,000 | 250,305 | |
Series 2015 A, 5% 3/15/24 (Escrowed to Maturity) | 110,000 | 110,148 | |
Series 2015 E, 5% 3/15/24 (Escrowed to Maturity) | 515,000 | 515,809 | |
Series 2016 D, 5% 2/15/24 (Escrowed to Maturity) | 160,000 | 160,109 | |
New York Dorm. Auth. Rev. Bonds Series 2015 A, 5% 7/1/24 (Pre-Refunded to 7/1/24 @ 100) | 275,000 | 276,552 | |
New York Dorm. Auth. Sales Tax Rev. Bonds: | |||
Series 2014, 5% 3/15/24 (Escrowed to Maturity) | 125,000 | 125,230 | |
Series 2015 A, 5% 3/15/24 (Escrowed to Maturity) | 370,000 | 370,524 | |
Series 2015 B, 5% 3/15/24 (Escrowed to Maturity) | 205,000 | 205,240 | |
Series 2018 C, 5% 3/15/24 (Escrowed to Maturity) | 1,080,000 | 1,081,708 | |
New York Metropolitan Trans. Auth. Rev. Bonds Series 2014 B, 5% 5/15/24 (Pre-Refunded to 5/15/24 @ 100) | 230,000 | 230,821 | |
New York Pwr. Auth. Series 2023 2: | |||
3.67% 3/7/24, CP | 36,000,000 | 36,000,000 | |
4% 2/6/24, CP | 8,300,000 | 8,300,000 | |
New York State Dorm. Auth. Bonds: | |||
Series 2019 D, 5% 2/15/24 | 375,000 | 375,252 | |
Series 2022 A, 5% 3/15/24 | 2,550,000 | 2,554,137 | |
New York State Envir. Facilities Corp. Rev. Bonds (2010 Master Fing. Prog.) Series 2019 A, 5% 2/15/24 | 150,000 | 150,087 | |
New York State Gen. Oblig. Bonds Series 2018 A, 5% 2/15/24 | 100,000 | 100,052 | |
New York State Mtg. Agcy. Homeowner Mtg. Bonds Series 2021 232, 5% 4/1/24 (c) | 355,000 | 355,849 | |
New York State Urban Dev. Corp. Bonds: | |||
Series 2020 C, 5% 3/15/24 | 150,000 | 150,195 | |
Series 2020 E, 5% 3/15/24 | 730,000 | 731,119 | |
Series 2022 A, 5% 3/15/24 | 250,000 | 250,395 | |
New York Thruway Auth. Personal Income Tax Rev. Bonds Series 2021 A1, 5% 3/15/24 | 225,000 | 225,258 | |
New York Urban Dev. Corp. Rev. Bonds: | |||
Series 2014 A: | |||
5% 3/15/24 | 695,000 | 695,910 | |
5% 3/15/24 (Pre-Refunded to 3/15/24 @ 100) | 535,000 | 535,795 | |
Series 2014 AB, 5% 3/15/24 (Pre-Refunded to 3/15/24 @ 100) | 400,000 | 400,742 | |
Series 2016 A, 5% 3/15/24 | 4,640,000 | 4,646,235 | |
Series 2017 A, 5% 3/15/24 | 115,000 | 115,132 | |
North Hempstead Gen. Oblig. BAN Series 2023 A, 4% 3/22/24 | 765,000 | 765,229 | |
North Shore Central School District BAN Series 2023, 4% 4/26/24 | 605,000 | 605,330 | |
Oyster Bay Gen. Oblig.: | |||
BAN Series 2023: | |||
4.75% 8/23/24 | 260,000 | 261,286 | |
5% 3/8/24 | 5,270,000 | 5,275,934 | |
Bonds Series 2021, 4% 3/1/24 | 350,000 | 350,131 | |
Port Jervis NY City School District BAN Series 2023, 5% 6/27/24 | 18,000,000 | 18,076,034 | |
Port Washington Union Free School District TAN Series 2023, 5% 6/21/24 | 600,000 | 601,928 | |
Queensbury Union Free School District BAN Series 2023, 5% 5/31/24 | 10,000,000 | 10,044,295 | |
Riverhead BAN Series 2023 A, 5% 2/22/24 | 465,000 | 465,222 | |
Rockville Ctr. Union Free School District TAN Series 2023, 4.75% 6/24/24 | 5,000,000 | 5,020,697 | |
Sag Hbr. Union Free School District TAN Series 2023, 5% 6/21/24 | 9,000,000 | 9,043,253 | |
Sayville Union Free School District BAN Series 2023, 5% 5/9/24 | 7,000,000 | 7,026,971 | |
Three Village Central School District TAN Series 2023, 4.5% 6/24/24 | 520,000 | 521,585 | |
Tonawanda Town BAN Series 2023, 4.5% 8/23/24 | 780,000 | 783,712 | |
Vestal Gen. Oblig. BAN Series 2023 A, 5% 8/9/24 | 8,489,212 | 8,545,290 | |
Village of Garden City BAN Series 2023, 4% 2/16/24 | 1,670,000 | 1,670,168 | |
Webster Town BAN Series 2023, 5% 8/28/24 | 28,400,000 | 28,603,274 | |
TOTAL NEW YORK | 346,732,741 | ||
New York And New Jersey - 0.0% | |||
Port Auth. of New York & New Jersey Bonds: | |||
Series 2022 231, 5% 8/1/24 (c) | 235,000 | 236,554 | |
Series 223, 5% 7/15/24 (c) | 210,000 | 211,315 | |
TOTAL NEW YORK AND NEW JERSEY | 447,869 | ||
TOTAL OTHER MUNICIPAL SECURITY (Cost $348,280,611) | 348,280,611 | ||
Investment Company - 9.0% | |||
Shares | Value ($) | ||
Fidelity Municipal Cash Central Fund 4.36% (h)(i) (Cost $298,152,611) | 298,089,927 | 298,152,611 | |
TOTAL INVESTMENT IN SECURITIES - 98.2% (Cost $3,249,718,222) | 3,249,718,222 |
NET OTHER ASSETS (LIABILITIES) - 1.8% | 60,999,038 |
NET ASSETS - 100.0% | 3,310,717,260 |
BAN | - | BOND ANTICIPATION NOTE |
CP | - | COMMERCIAL PAPER |
TAN | - | TAX ANTICIPATION NOTE |
VRDN | - | VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly) |
(a) | Amount is stated in United States dollars unless otherwise noted. |
(b) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(c) | Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $22,575,000 or 0.7% of net assets. |
(e) | Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors. |
(f) | Provides evidence of ownership in one or more underlying municipal bonds. |
(g) | Coupon rates are determined by re-marketing agents based on current market conditions. |
(h) | Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund. |
(i) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Cost ($) |
Central Puget Sound Reg'l. Trans. Auth. Sales & Use Tax Rev. Bonds Series G 123, 4.75%, tender 5/1/24 (Liquidity Facility Royal Bank of Canada) | 11/01/23 | 800,000 |
El Paso Wtr. & Swr. Rev. Bonds Series G 124, 4.75%, tender 3/1/24 (Liquidity Facility Royal Bank of Canada) | 9/01/23 | 1,000,000 |
New York City Transitional Fin. Auth. Bonds Series MS 00 19, 4.7%, tender 4/25/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) | 10/26/23 | 14,675,000 |
Port Auth. of New York & New Jersey Series 1995 3, SIFMA Municipal Swap Index + 0.080% 4.63% 3/1/24, VRDN | 10/17/19 - 3/06/20 | 4,600,000 |
Texas Wtr. Dev. Board Rev. Bonds Series MS 00 17, 4.7%, tender 4/25/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) | 10/12/23 | 1,500,000 |
Affiliate | 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 4.36% | 299,458,609 | 1,642,681,002 | 1,643,987,000 | 9,785,125 | - | - | 298,152,611 | 11.8% |
Total | 299,458,609 | 1,642,681,002 | 1,643,987,000 | 9,785,125 | - | - | 298,152,611 | |
Statement of Assets and Liabilities | ||||
January 31, 2024 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,951,565,611) | $ | 2,951,565,611 | ||
Fidelity Central Funds (cost $298,152,611) | 298,152,611 | |||
Total Investment in Securities (cost $3,249,718,222) | $ | 3,249,718,222 | ||
Cash | 39,211,635 | |||
Receivable for investments sold | 37,865,000 | |||
Receivable for fund shares sold | 20,251,603 | |||
Interest receivable | 16,626,032 | |||
Distributions receivable from Fidelity Central Funds | 724,712 | |||
Receivable from investment adviser for expense reductions | 68,232 | |||
Other receivables | 842 | |||
Total assets | 3,364,466,278 | |||
Liabilities | ||||
Payable for investments purchased | $ | 45,660,195 | ||
Payable for fund shares redeemed | 6,426,822 | |||
Distributions payable | 905,700 | |||
Accrued management fee | 550,367 | |||
Other affiliated payables | 205,777 | |||
Other payables and accrued expenses | 157 | |||
Total Liabilities | 53,749,018 | |||
Net Assets | $ | 3,310,717,260 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,310,836,940 | ||
Total accumulated earnings (loss) | (119,680) | |||
Net Assets | $ | 3,310,717,260 | ||
Net Asset Value and Maximum Offering Price | ||||
Fidelity New York Municipal Money Market Fund : | ||||
Net Asset Value, offering price and redemption price per share ($45,554,660 ÷ 45,573,087 shares) | $ | 1.00 | ||
Institutional Class : | ||||
Net Asset Value, offering price and redemption price per share ($1,784,810,681 ÷ 1,783,092,668 shares) | $ | 1.00 | ||
Premium Class : | ||||
Net Asset Value, offering price and redemption price per share ($1,480,351,919 ÷ 1,478,779,677 shares) | $ | 1.00 |
Statement of Operations | ||||
Year ended January 31, 2024 | ||||
Investment Income | ||||
Interest | $ | 89,123,152 | ||
Income from Fidelity Central Funds | 9,785,125 | |||
Total Income | 98,908,277 | |||
Expenses | ||||
Management fee | $ | 5,813,669 | ||
Transfer agent fees | 2,199,471 | |||
Independent trustees' fees and expenses | 9,530 | |||
Total expenses before reductions | 8,022,670 | |||
Expense reductions | (750,569) | |||
Total expenses after reductions | 7,272,101 | |||
Net Investment income (loss) | 91,636,176 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (82,657) | |||
Total net realized gain (loss) | (82,657) | |||
Net increase in net assets resulting from operations | $ | 91,553,519 |
Statement of Changes in Net Assets | ||||
Year ended January 31, 2024 | Year ended January 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 91,636,176 | $ | 26,311,581 |
Net realized gain (loss) | (82,657) | 7,730 | ||
Net increase in net assets resulting from operations | 91,553,519 | 26,319,311 | ||
Distributions to shareholders | (91,632,503) | (26,310,696) | ||
Share transactions - net increase (decrease) | 619,589,664 | 1,335,209,269 | ||
Total increase (decrease) in net assets | 619,510,680 | 1,335,217,884 | ||
Net Assets | ||||
Beginning of period | 2,691,206,580 | 1,355,988,696 | ||
End of period | $ | 3,310,717,260 | $ | 2,691,206,580 |
Fidelity® New York Municipal Money Market Fund |
Years ended January 31, | 2024 | 2023 A | ||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 1.00 | $ | 1.00 |
Income from Investment Operations | ||||
Net investment income (loss) B | .030 | .007 | ||
Net realized and unrealized gain (loss) C | - | - | ||
Total from investment operations | .030 | .007 | ||
Distributions from net investment income | (.030) | (.007) | ||
Total distributions | (.030) | (.007) | ||
Net asset value, end of period | $ | 1.00 | $ | 1.00 |
Total Return D,E | 3.01% | .74% | ||
Ratios to Average Net Assets B,F,G | ||||
Expenses before reductions | .42% | .42% H | ||
Expenses net of fee waivers, if any | .42% | .42% H | ||
Expenses net of all reductions | .42% | .42% H | ||
Net investment income (loss) | 2.98% | 2.01% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 45,555 | $ | 7,290 |
Fidelity® New York Municipal Money Market Fund Institutional Class |
Years ended January 31, | 2024 | 2023 | 2022 | 2021 | 2020 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A | .032 | .012 | - B | .004 | .013 | |||||
Net realized and unrealized gain (loss) B | - | - | - | - | - | |||||
Total from investment operations | .032 | .012 | - B | .004 | .013 | |||||
Distributions from net investment income | (.032) | (.012) | - B | (.004) | (.013) | |||||
Distributions from net realized gain | - | - | - | - B | - B | |||||
Total distributions | (.032) | (.012) | - B | (.004) | (.013) | |||||
Net asset value, end of period | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 |
Total Return C | 3.24% | 1.23% | .01% | .39% | 1.28% | |||||
Ratios to Average Net Assets A,D,E | ||||||||||
Expenses before reductions | .25% | .25% | .26% | .25% | .25% | |||||
Expenses net of fee waivers, if any | .20% | .20% | .09% | .20% | .20% | |||||
Expenses net of all reductions | .20% | .20% | .09% | .20% | .20% | |||||
Net investment income (loss) | 3.19% | 1.46% | .01% | .42% | 1.25% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,784,811 | $ | 1,392,460 | $ | 950,125 | $ | 1,274,107 | $ | 1,968,318 |
Fidelity® New York Municipal Money Market Fund Premium Class |
Years ended January 31, | 2024 | 2023 | 2022 | 2021 | 2020 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A | .031 | .011 | - B | .003 | .012 | |||||
Net realized and unrealized gain (loss) B | - | - | - | - | - | |||||
Total from investment operations | .031 | .011 | - B | .003 | .012 | |||||
Distributions from net investment income | (.031) | (.011) | - B | (.003) | (.012) | |||||
Distributions from net realized gain | - | - | - | - B | - B | |||||
Total distributions | (.031) | (.011) | - B | (.003) | (.012) | |||||
Net asset value, end of period | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 |
Total Return C | 3.14% | 1.14% | .01% | .33% | 1.18% | |||||
Ratios to Average Net Assets A,D,E | ||||||||||
Expenses before reductions | .30% | .30% | .31% | .30% | .30% | |||||
Expenses net of fee waivers, if any | .30% | .29% | .09% | .26% | .30% | |||||
Expenses net of all reductions | .30% | .29% | .09% | .26% | .30% | |||||
Net investment income (loss) | 3.09% | 1.36% | .01% | .35% | 1.15% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,480,352 | $ | 1,291,457 | $ | 405,747 | $ | 468,986 | $ | 566,254 |
Fidelity Central Fund+ | Investment Manager | Investment Objective | Investment Practices | Expense RatioA | |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% | |
Gross unrealized appreciation | $- |
Gross unrealized depreciation | - |
Net unrealized appreciation (depreciation) | $- |
Tax Cost | $3,249,718,222 |
Undistributed tax-exempt income | $97,979 |
Undistributed ordinary income | $- |
Capital loss carryforward | $(217,657) |
Net unrealized appreciation (depreciation) on securities and other investments | $- |
Short-term | $(217,657) |
Total capital loss carryforward | $(217,657) |
January 31, 2024 | January 31, 2023 | |
Tax-exempt Income | 91,632,503 | 26,310,696 |
Amount | % of Class-Level Average Net Assets | |
Fidelity New York Municipal Money Market Fund | $ 70,962 | .22 |
Institutional Class | 750,834 | .05 |
Premium Class | 1,377,675 | .10 |
$ 2,199,471 | ||
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity New York Municipal Money Market Fund | 52,010,000 | 197,660,000 | - |
Year ended January 31, 2024 | Year ended January 31, 2023A | |
Fidelity New York Municipal Money Market Fund | ||
Distributions to shareholders | ||
Fidelity New York Municipal Money Market Fund | $ 980,417 | $13,323 |
Institutional Class | 47,979,195 | 14,901,812 |
Premium Class | 42,672,891 | 11,395,407 |
Service Class | - | 154 |
Total | $ 91,632,503 | $ 26,310,696 |
Shares | Shares | Dollars | Dollars | |
Year ended January 31, 2024 | Year ended January 31, 2023A | Year ended January 31, 2024 | Year ended January 31, 2023A | |
Fidelity New York Municipal Money Market Fund | ||||
Fidelity New York Municipal Money Market Fund | ||||
Shares sold | 113,122,085 | 9,281,906 | $113,122,085 | $9,281,906 |
Reinvestment of distributions | 865,096 | 9,801 | 865,096 | 9,801 |
Shares redeemed | (75,705,071) | (2,000,730) | (75,705,071) | (2,000,730) |
Net increase (decrease) | 38,282,110 | 7,290,977 | $38,282,110 | $7,290,977 |
Institutional Class | ||||
Shares sold | 2,550,591,604 | 1,827,465,541 | $2,550,591,604 | $1,827,465,541 |
Reinvestment of distributions | 42,160,703 | 12,993,117 | 42,160,703 | 12,993,117 |
Shares redeemed | (2,200,434,552) | (1,398,603,797) | (2,200,434,552) | (1,398,603,797) |
Net increase (decrease) | 392,317,755 | 441,854,861 | $392,317,755 | $441,854,861 |
Premium Class | ||||
Shares sold | 1,100,522,311 | 495,630,684 | $1,100,522,311 | $495,630,991 |
Issued in exchange for the shares of the Target Fund(s) | - | 850,530,720 | - | 852,112,836 |
Reinvestment of distributions | 39,181,238 | 10,731,286 | 39,181,238 | 10,731,286 |
Shares redeemed | (950,713,751) | (472,294,816) | (950,713,750) | (472,294,814) |
Net increase (decrease) | 188,989,798 | 884,597,874 | $188,989,799 | $886,180,299 |
Service Class | ||||
Reinvestment of distributions | - | 117 | - | 117 |
Shares redeemed | - | (116,860) | - | (116,985) |
Net increase (decrease) | - | (116,743) | $- | $(116,868) |
Target Fund | Investments $ | Unrealized appreciation (depreciation) $ | Net Assets $ | Shares Exchanged | Shares Exchanged Ratio |
Fidelity New York Municipal Money Market Fund | 862,630,367 | - | 852,112,836 | 850,530,720 | 1.0000 |
Surviving Fund | Net Assets $ | Total net assets after the acquisition $ |
Fidelity New York Municipal Money Market Fund (formerly Fidelity New York AMT Tax-Free Money Market Fund) | 1,550,476,848 | 2,402,589,684 |
Net investment income (loss) | $29,252,663 |
Total net realized gain (loss) | (99,251) |
Total change in net unrealized appreciation (depreciation) | - |
Net increase (decrease) in net assets resulting from operations | $29,153,412 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2023 to January 31, 2024). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2023 | Ending Account Value January 31, 2024 | Expenses Paid During Period- C August 1, 2023 to January 31, 2024 | |||||||
Fidelity® New York Municipal Money Market Fund | ||||||||||
Fidelity® New York Municipal Money Market Fund | .42% | |||||||||
Actual | $ 1,000 | $ 1,016.00 | $ 2.13 | |||||||
Hypothetical-B | $ 1,000 | $ 1,023.09 | $ 2.14 | |||||||
Institutional Class | .20% | |||||||||
Actual | $ 1,000 | $ 1,017.10 | $ 1.02 | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.20 | $ 1.02 | |||||||
Premium Class | .30% | |||||||||
Actual | $ 1,000 | $ 1,016.60 | $ 1.52 | |||||||
Hypothetical-B | $ 1,000 | $ 1,023.69 | $ 1.53 | |||||||
A special meeting of shareholders was held on October 18, 2023. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting. | ||
Proposal 1 | ||
To elect a Board of Trustees. | ||
# of Votes | % of Votes | |
Abigail P. Johnson | ||
Affirmative | 2,714,342,905.26 | 96.52 |
Withheld | 97,941,585.95 | 3.48 |
TOTAL | 2,812,284,491.21 | 100.00 |
Jennifer Toolin McAuliffe | ||
Affirmative | 2,708,724,160.54 | 96.32 |
Withheld | 103,560,330.67 | 3.68 |
TOTAL | 2,812,284,491.21 | 100.00 |
Christine J. Thompson | ||
Affirmative | 2,710,234,527.06 | 96.37 |
Withheld | 102,049,964.15 | 3.63 |
TOTAL | 2,812,284,491.21 | 100.00 |
Elizabeth S. Acton | ||
Affirmative | 2,712,829,721.82 | 96.46 |
Withheld | 99,454,769.39 | 3.54 |
TOTAL | 2,812,284,491.21 | 100.00 |
Laura M. Bishop | ||
Affirmative | 2,704,420,967.93 | 96.16 |
Withheld | 107,863,523.28 | 3.84 |
TOTAL | 2,812,284,491.21 | 100.00 |
Ann E. Dunwoody | ||
Affirmative | 2,711,781,031.86 | 96.43 |
Withheld | 100,503,459.35 | 3.57 |
TOTAL | 2,812,284,491.21 | 100.00 |
John Engler | ||
Affirmative | 2,714,887,241.87 | 96.54 |
Withheld | 97,397,249.34 | 3.46 |
TOTAL | 2,812,284,491.21 | 100.00 |
Robert F. Gartland | ||
Affirmative | 2,717,044,453.84 | 96.61 |
Withheld | 95,240,037.37 | 3.39 |
TOTAL | 2,812,284,491.21 | 100.00 |
Robert W. Helm | ||
Affirmative | 2,709,140,562.31 | 96.33 |
Withheld | 103,143,928.90 | 3.67 |
TOTAL | 2,812,284,491.21 | 100.00 |
Arthur E. Johnson | ||
Affirmative | 2,711,773,475.12 | 96.43 |
Withheld | 100,511,016.09 | 3.57 |
TOTAL | 2,812,284,491.21 | 100.00 |
Michael E. Kenneally | ||
Affirmative | 2,727,311,766.38 | 96.98 |
Withheld | 84,972,724.83 | 3.02 |
TOTAL | 2,812,284,491.21 | 100.00 |
Mark A. Murray | ||
Affirmative | 2,716,420,542.75 | 96.59 |
Withheld | 95,863,948.46 | 3.41 |
TOTAL | 2,812,284,491.21 | 100.00 |
Carol J. Zierhoffer | ||
Affirmative | 2,712,834,843.59 | 96.46 |
Withheld | 99,449,647.62 | 3.54 |
TOTAL | 2,812,284,491.21 | 100.00 |
Proposal 1 reflects trust wide proposal and voting results. |
Item 2.
Code of Ethics
As of the end of the period, January 31, 2024, Fidelity New York Municipal Trust II (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
Item 3.
Audit Committee Financial Expert
The Board of Trustees of the trust has determined that Elizabeth S. Acton is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Ms. Acton is independent for purposes of Item 3 of Form N-CSR.
Item 4.
Principal Accountant Fees and Services
Fees and Services
The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte Entities”) in each of the last two fiscal years for services rendered to Fidelity New York Municipal Money Market Fund (the “Fund”):
Services Billed by Deloitte Entities
January 31, 2024 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity New York Municipal Money Market Fund | $32,800 | $- | $5,100 | $800 |
January 31, 2023 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity New York Municipal Money Market Fund | $31,500 | $- | $5,400 | $700 |
A Amounts may reflect rounding.
The following table(s) present(s) fees billed by Deloitte Entities that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):
Services Billed by Deloitte Entities
January 31, 2024A | January 31, 2023A | |
Audit-Related Fees | $- | $- |
Tax Fees | $- | $- |
All Other Fees | $935,000 | $- |
A Amounts may reflect rounding.
“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.
“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.
“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.
Assurance services must be performed by an independent public accountant.
* * *
The aggregate non-audit fees billed by Deloitte Entities for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:
Billed By | January 31, 2024A | January 31, 2023A |
Deloitte Entities | $1,195,900 | $248,700 |
A Amounts may reflect rounding.
The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.
Audit Committee Pre-Approval Policies and Procedures
The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.
All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.
Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.
Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)
There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).
The Registrant has not retained, for the preparation of the audit report on the financial statements included in the Form N-CSR, a registered public accounting firm that has a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (the “PCAOB”) has determined that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.
The Registrant is not a “foreign issuer,” as defined in 17 CFR 240.3b-4.
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 trust’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust’s 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 trust’s 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 trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
Exhibits
(a) | (1) | Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
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 II
By: | /s/Laura M. Del Prato |
Laura M. Del Prato | |
President and Treasurer | |
Date: | March 21, 2024 |
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: | March 21, 2024 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | March 21, 2024 |