# EDGAR Filing Document

**Accession Number:** 0000718581
**File Stem:** 0000718581-25-000028
**Filing Date:** 2025-9
**Character Count:** 151554
**Document Hash:** 73def7ecdbf7307e65027a6cb2fd47a5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000718581-25-000028.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0000718581-25-000028

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 25

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250922

**DATE AS OF CHANGE**: 20250922

**EFFECTIVENESS DATE**: 20250922

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY NEW YORK MUNICIPAL TRUST
- **CENTRAL INDEX KEY:** 0000718581

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03723
- **FILM NUMBER:** 251329035

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY NEW YORK TAX FREE FUND
- **DATE OF NAME CHANGE:** 19900625

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY NEW YORK TAX EXEMPT MONEY MARKET TRUST
- **DATE OF NAME CHANGE:** 19850710

## Series and Classes Contracts Data

### Fidelity New York Municipal Income Fund (Series ID: S000007145)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000019544 | Fidelity New York Municipal Income Fund                  | FTFMX           |
| C000019545 | Fidelity Advisor New York Municipal Income Fund: Class A | FNMAX           |
| C000019547 | Fidelity Advisor New York Municipal Income Fund: Class C | FNYCX           |
| C000019548 | Fidelity Advisor New York Municipal Income Fund: Class M | FNYPX           |
| C000019549 | Fidelity Advisor New York Municipal Income Fund: Class I | FEMIX           |
| C000205010 | Fidelity Advisor New York Municipal Income Fund: Class Z | FIJAX           |

?xml version='1.0' encoding='ASCII'? Prospectus - Investment Objective

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 <u>811-03723</u>

<u>Fidelity New York Municipal Trust</u>

(Exact name of registrant as specified in charter)

<u>245 Summer St., Boston, MA 02210</u>

(Address of principal executive offices) &nbsp;&nbsp;&nbsp;&nbsp; (Zip code)

Nicole Macarchuk, Secretary

245 Summer St.

<u>Boston, Massachusetts 02210</u>

(Name and address of agent for service)

Registrant's telephone number, including area code:

<u>617-563-7000</u>

---

| | |
|:---|:---|
| &nbsp;&nbsp;Date of fiscal year end: | &nbsp;&nbsp;January 31 |
| &nbsp;&nbsp;Date of reporting period: | &nbsp;&nbsp;July 31, 2025 |

---

Item 1.

<u>Reports to Stockholders</u>

---

| |
|:---|
| **SEMI-ANNUAL SHAREHOLDER REPORT \|** AS OF JULY 31, 2025 |
| Fidelity® New York Municipal Income Fund<br> **Fidelity® New York Municipal Income Fund : FTFMX** <br>|

---

This semi-annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to July 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-544-8544 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last six months?**

(based on hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Fidelity® New York Municipal Income Fund  | $22  | 0.45% |

---

**Key Fund Statistics**

(as of July 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**  |  |
| Fund Size | $1218779432<br>|
| Number of Holdings | 417<br>|
| Portfolio Turnover | 14%<br>|

---

**What did the Fund invest in?** (as of July 31, 2025)

---

| | |
|:---|:---|
| **REVENUE SOURCES**<br> **(% of Fund's net assets)** | **REVENUE SOURCES**<br> **(% of Fund's net assets)** |
| Transportation | 25.6 |
| Special Tax | 25.1 |
| General Obligations | 15.9 |
| Health Care | 8.6 |
| Education | 8.3 |
| Housing | 6.5 |
| Others(Individually Less Than 5%) | 7.5 |
| 97.5 | 97.5 |

---

---

| | |
|:---|:---|
| AAA | 0.9 |
| AA | 58.2 |
| A | 21.9 |
| BBB | 12.8 |
| BB | 0.8 |
| B | 1.2 |
| Not Rated | 1.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 2.5 |

---

---

| |
|:---|
| **QUALITY DIVERSIFICATION (% of Fund's net assets)** |
| ![](img71_20250731_QD.jpg) <br>|

---

---

| |
|:---|
| &nbsp;&nbsp;AAA - 0.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;AA - 58.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;A - 21.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;BBB - 12.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;BB - 0.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;B - 1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Not Rated - 1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Short-Term Investments and Net Other Assets (Liabilities) - 2.5 |
| We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. |
| ![](img71_20250731_1.jpg)<br>| ![](img111693_2.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9914424.101 71-TSRS-0925 <br>|

---

---

| |
|:---|
| **SEMI-ANNUAL SHAREHOLDER REPORT \|** AS OF JULY 31, 2025 |
| Fidelity® New York Municipal Income Fund<br> **Fidelity Advisor® New York Municipal Income Fund Class Z : FIJAX** <br>|

---

This semi-annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to July 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last six months?**

(based on hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class Z  | $21  | 0.42% |

---

**Key Fund Statistics**

(as of July 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**  |  |
| Fund Size | $1218779432<br>|
| Number of Holdings | 417<br>|
| Portfolio Turnover | 14%<br>|

---

**What did the Fund invest in?** (as of July 31, 2025)

---

| | |
|:---|:---|
| **REVENUE SOURCES**<br> **(% of Fund's net assets)** | **REVENUE SOURCES**<br> **(% of Fund's net assets)** |
| Transportation | 25.6 |
| Special Tax | 25.1 |
| General Obligations | 15.9 |
| Health Care | 8.6 |
| Education | 8.3 |
| Housing | 6.5 |
| Others(Individually Less Than 5%) | 7.5 |
| 97.5 | 97.5 |

---

---

| | |
|:---|:---|
| AAA | 0.9 |
| AA | 58.2 |
| A | 21.9 |
| BBB | 12.8 |
| BB | 0.8 |
| B | 1.2 |
| Not Rated | 1.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 2.5 |

---

---

| |
|:---|
| **QUALITY DIVERSIFICATION (% of Fund's net assets)** |
| ![](img71_20250731_QD.jpg) <br>|

---

---

| |
|:---|
| &nbsp;&nbsp;AAA - 0.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;AA - 58.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;A - 21.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;BBB - 12.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;BB - 0.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;B - 1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Not Rated - 1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Short-Term Investments and Net Other Assets (Liabilities) - 2.5 |
| We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. |
| ![](img71_20250731_1.jpg)<br>| ![](img111694_2.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9914423.101 3232-TSRS-0925 <br>|

---

---

| |
|:---|
| **SEMI-ANNUAL SHAREHOLDER REPORT \|** AS OF JULY 31, 2025 |
| Fidelity® New York Municipal Income Fund<br> **Fidelity Advisor® New York Municipal Income Fund Class M : FNYPX** <br>|

---

This semi-annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to July 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last six months?**

(based on hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class M  | $36  | 0.73% |

---

**Key Fund Statistics**

(as of July 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**  |  |
| Fund Size | $1218779432<br>|
| Number of Holdings | 417<br>|
| Portfolio Turnover | 14%<br>|

---

**What did the Fund invest in?** (as of July 31, 2025)

---

| | |
|:---|:---|
| **REVENUE SOURCES**<br> **(% of Fund's net assets)** | **REVENUE SOURCES**<br> **(% of Fund's net assets)** |
| Transportation | 25.6 |
| Special Tax | 25.1 |
| General Obligations | 15.9 |
| Health Care | 8.6 |
| Education | 8.3 |
| Housing | 6.5 |
| Others(Individually Less Than 5%) | 7.5 |
| 97.5 | 97.5 |

---

---

| | |
|:---|:---|
| AAA | 0.9 |
| AA | 58.2 |
| A | 21.9 |
| BBB | 12.8 |
| BB | 0.8 |
| B | 1.2 |
| Not Rated | 1.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 2.5 |

---

---

| |
|:---|
| **QUALITY DIVERSIFICATION (% of Fund's net assets)** |
| ![](img71_20250731_QD.jpg) <br>|

---

---

| |
|:---|
| &nbsp;&nbsp;AAA - 0.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;AA - 58.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;A - 21.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;BBB - 12.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;BB - 0.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;B - 1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Not Rated - 1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Short-Term Investments and Net Other Assets (Liabilities) - 2.5 |
| We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. |
| ![](img71_20250731_1.jpg)<br>| ![](img111695_2.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9914421.101 1108-TSRS-0925 <br>|

---

---

| |
|:---|
| **SEMI-ANNUAL SHAREHOLDER REPORT \|** AS OF JULY 31, 2025 |
| Fidelity® New York Municipal Income Fund<br> **Fidelity Advisor® New York Municipal Income Fund Class I : FEMIX** <br>|

---

This semi-annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to July 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last six months?**

(based on hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class I  | $26  | 0.54% |

---

**Key Fund Statistics**

(as of July 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**  |  |
| Fund Size | $1218779432<br>|
| Number of Holdings | 417<br>|
| Portfolio Turnover | 14%<br>|

---

**What did the Fund invest in?** (as of July 31, 2025)

---

| | |
|:---|:---|
| **REVENUE SOURCES**<br> **(% of Fund's net assets)** | **REVENUE SOURCES**<br> **(% of Fund's net assets)** |
| Transportation | 25.6 |
| Special Tax | 25.1 |
| General Obligations | 15.9 |
| Health Care | 8.6 |
| Education | 8.3 |
| Housing | 6.5 |
| Others(Individually Less Than 5%) | 7.5 |
| 97.5 | 97.5 |

---

---

| | |
|:---|:---|
| AAA | 0.9 |
| AA | 58.2 |
| A | 21.9 |
| BBB | 12.8 |
| BB | 0.8 |
| B | 1.2 |
| Not Rated | 1.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 2.5 |

---

---

| |
|:---|
| **QUALITY DIVERSIFICATION (% of Fund's net assets)** |
| ![](img71_20250731_QD.jpg) <br>|

---

---

| |
|:---|
| &nbsp;&nbsp;AAA - 0.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;AA - 58.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;A - 21.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;BBB - 12.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;BB - 0.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;B - 1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Not Rated - 1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Short-Term Investments and Net Other Assets (Liabilities) - 2.5 |
| We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. |
| ![](img71_20250731_1.jpg)<br>| ![](img111696_2.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9914422.101 1109-TSRS-0925 <br>|

---

---

| |
|:---|
| **SEMI-ANNUAL SHAREHOLDER REPORT \|** AS OF JULY 31, 2025 |
| Fidelity® New York Municipal Income Fund<br> **Fidelity Advisor® New York Municipal Income Fund Class C : FNYCX** <br>|

---

This semi-annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to July 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last six months?**

(based on hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class C  | $72  | 1.47% |

---

**Key Fund Statistics**

(as of July 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**  |  |
| Fund Size | $1218779432<br>|
| Number of Holdings | 417<br>|
| Portfolio Turnover | 14%<br>|

---

**What did the Fund invest in?** (as of July 31, 2025)

---

| | |
|:---|:---|
| **REVENUE SOURCES**<br> **(% of Fund's net assets)** | **REVENUE SOURCES**<br> **(% of Fund's net assets)** |
| Transportation | 25.6 |
| Special Tax | 25.1 |
| General Obligations | 15.9 |
| Health Care | 8.6 |
| Education | 8.3 |
| Housing | 6.5 |
| Others(Individually Less Than 5%) | 7.5 |
| 97.5 | 97.5 |

---

---

| | |
|:---|:---|
| AAA | 0.9 |
| AA | 58.2 |
| A | 21.9 |
| BBB | 12.8 |
| BB | 0.8 |
| B | 1.2 |
| Not Rated | 1.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 2.5 |

---

---

| |
|:---|
| **QUALITY DIVERSIFICATION (% of Fund's net assets)** |
| ![](img71_20250731_QD.jpg) <br>|

---

---

| |
|:---|
| &nbsp;&nbsp;AAA - 0.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;AA - 58.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;A - 21.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;BBB - 12.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;BB - 0.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;B - 1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Not Rated - 1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Short-Term Investments and Net Other Assets (Liabilities) - 2.5 |
| We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. |
| ![](img71_20250731_1.jpg)<br>| ![](img111697_2.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9914420.101 1107-TSRS-0925 <br>|

---

---

| |
|:---|
| **SEMI-ANNUAL SHAREHOLDER REPORT \|** AS OF JULY 31, 2025 |
| Fidelity® New York Municipal Income Fund<br> **Fidelity Advisor® New York Municipal Income Fund Class A : FNMAX** <br>|

---

This semi-annual shareholder report contains information about Fidelity® New York Municipal Income Fund for the period February 1, 2025 to July 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last six months?**

(based on hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Class A  | $38  | 0.77% |

---

**Key Fund Statistics**

(as of July 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**  |  |
| Fund Size | $1218779432<br>|
| Number of Holdings | 417<br>|
| Portfolio Turnover | 14%<br>|

---

**What did the Fund invest in?** (as of July 31, 2025)

---

| | |
|:---|:---|
| **REVENUE SOURCES**<br> **(% of Fund's net assets)** | **REVENUE SOURCES**<br> **(% of Fund's net assets)** |
| Transportation | 25.6 |
| Special Tax | 25.1 |
| General Obligations | 15.9 |
| Health Care | 8.6 |
| Education | 8.3 |
| Housing | 6.5 |
| Others(Individually Less Than 5%) | 7.5 |
| 97.5 | 97.5 |

---

---

| | |
|:---|:---|
| AAA | 0.9 |
| AA | 58.2 |
| A | 21.9 |
| BBB | 12.8 |
| BB | 0.8 |
| B | 1.2 |
| Not Rated | 1.7 |
| Short-Term Investments and Net Other Assets (Liabilities) | 2.5 |

---

---

| |
|:---|
| **QUALITY DIVERSIFICATION (% of Fund's net assets)** |
| ![](img71_20250731_QD.jpg) <br>|

---

---

| |
|:---|
| &nbsp;&nbsp;AAA - 0.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;AA - 58.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;A - 21.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;BBB - 12.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;BB - 0.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| &nbsp;&nbsp;B - 1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Not Rated - 1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| &nbsp;&nbsp;Short-Term Investments and Net Other Assets (Liabilities) - 2.5 |
| We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. |
| ![](img71_20250731_1.jpg)<br>| ![](img111698_2.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9914419.101 1105-TSRS-0925 <br>|

---

Item 2.

<u>Code of Ethics</u>

Not applicable.

Item 3.

<u>Audit Committee Financial Expert</u>

Not applicable.

Item 4.

<u>Principal Accountant Fees and Services</u>

Not applicable.

Item 5.

<u>Audit Committee of Listed Registrants</u>

Not applicable.

Item 6.

<u>Investments</u>

(a) Not applicable.

(b) Not applicable

Item 7.

<u>Financial Statements and Financial Highlights for Open-End Management Investment Companies</u>

**Fidelity® New York Municipal Income Fund**

**Semi-Annual Report**

**July 31, 2025**

Includes Fidelity and Fidelity Advisor share classes

![](img111947_1.jpg)

![](img111947_2.jpg)

**Contents**

---

| |
|:---|
| **[Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Semi-Annual Report)](#Sec_Item7_NFY-SANN_0)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity® New York Municipal Income Fund](#Sub_Sec_Fund_71_NFY-SANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Notes to Financial Statements](#Sub_Sec_NotestoFinancialStatements71_NFY-SANN)** |
| **[Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies](#Sec_Item8_NFY-SANN)** |
| **[Item 9: Proxy Disclosures for Open-End Management Investment Companies](#Sec_Item9_NFY-SANN)** |
| **[Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies](#Sec_Item10_NFY-SANN)** |
| **[Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract](#Sec_Item11_NFY-SANN)** |

---

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-8544 if you're an individual investing directly with Fidelity, call 1-800-835-5092 if you're a plan sponsor or participant with Fidelity as your recordkeeper or call 1-877-208-0098 on institutional accounts or if you're an advisor or invest through one to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company.© 2025 FMR LLC. All rights reserved.

*This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.*

*A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.*

*For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.*

**NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE**

*Neither the Fund nor Fidelity Distributors Corporation is a bank.*

**Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Semi-Annual Report)**

**Fidelity® New York Municipal Income Fund**

**Schedule of Investments July 31, 2025 (Unaudited)**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Municipal Securities - 97.5%** | &nbsp;&nbsp;**Municipal Securities - 97.5%** | &nbsp;&nbsp;**Municipal Securities - 97.5%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Guam - 0.2%  |  |  |
| Water & Sewer - 0.2% |  |  |
| Guam Govt Wtrwks Auth Wtr & Wst Rev Series 2025A, 5.25% 7/1/2041 (b) | 1055000 | 1092136 |
| Guam Govt Wtrwks Auth Wtr & Wst Rev Series 2025A, 5.25% 7/1/2042 (b) | 1000000 | 1026143 |
|  |  | 2118279 |
| TOTAL GUAM |  | 2118279 |
| New Jersey,New York - 9.6%  |  |  |
| Transportation - 9.6% |  |  |
| Port Auth NY & NJ 4% 7/15/2036 (c) | 3000000 | 2968055 |
| Port Auth NY & NJ 4% 7/15/2038 (c) | 1000000 | 952986 |
| Port Auth NY & NJ 4% 7/15/2040 (c) | 2000000 | 1820070 |
| Port Auth NY & NJ 4% 7/15/2045 (c) | 8000000 | 6751410 |
| Port Auth NY & NJ 4% 7/15/2050 (c) | 2900000 | 2363838 |
| Port Auth NY & NJ 5% 7/15/2032 (c) | 1500000 | 1583083 |
| Port Auth NY & NJ 5.375% 3/1/2028  | 3190000 | 3316790 |
| Port Auth NY & NJ Series 193, 5% 10/15/2028 (c) | 2015000 | 2021712 |
| Port Auth NY & NJ Series 202, 5% 10/15/2036 (c) | 5455000 | 5545242 |
| Port Auth NY & NJ Series 223, 5% 7/15/2056 (c) | 8850000 | 8776190 |
| Port Auth NY & NJ Series 224, 5% 7/15/2056  | 6795000 | 6727829 |
| Port Auth NY & NJ Series 227, 2% 10/1/2031 (c) | 6295000 | 5398281 |
| Port Auth NY & NJ Series 227, 2% 10/1/2034 (c) | 4380000 | 3348965 |
| Port Auth NY & NJ Series 234, 5% 8/1/2038 (c) | 1750000 | 1788097 |
| Port Auth NY & NJ Series 234, 5% 8/1/2039 (c) | 1500000 | 1519965 |
| Port Auth NY & NJ Series 234, 5.25% 8/1/2040 (c) | 2000000 | 2085211 |
| Port Auth NY & NJ Series 238, 5% 7/15/2035 (c) | 8475000 | 8998258 |
| Port Auth NY & NJ Series 238, 5% 7/15/2036 (c) | 8070000 | 8478786 |
| Port Auth NY & NJ Series 238, 5% 7/15/2037 (c) | 4235000 | 4392429 |
| Port Auth NY & NJ Series 238, 5% 7/15/2038 (c) | 3035000 | 3130141 |
| Port Auth NY & NJ Series TWO HUNDRED EIGHTEEN, 4% 11/1/2047 (c) | 11280000 | 9309952 |
| Port Auth NY & NJ Series TWO HUNDRED EIGHTEEN, 5% 11/1/2030 (c) | 1130000 | 1201194 |
| Port Auth NY & NJ Series TWO HUNDRED EIGHTEEN, 5% 11/1/2036 (c) | 4820000 | 4934301 |
| Port Auth NY & NJ Series TWO HUNDRED EIGHTEEN, 5% 11/1/2044 (c) | 5080000 | 4962855 |
| Port Auth NY & NJ Series TWO HUNDRED FOURTEEN, 4% 9/1/2037 (c) | 4000000 | 3804739 |
| Port Auth NY & NJ Series TWO HUNDRED FOURTEEN, 4% 9/1/2039 (c) | 1920000 | 1781239 |
| Port Auth NY & NJ Series TWO HUNDRED FOURTEEN, 4% 9/1/2043 (c) | 6500000 | 5606167 |
| Port Auth NY & NJ Series TWO HUNDRED FOURTEEN, 5% 9/1/2033 (c) | 2005000 | 2087362 |
| Port Auth NY & NJ Series TWO HUNDREDSEVENTEEN, 5% 11/1/2044  | 1000000 | 1007143 |
|  |  | 116662290 |
| TOTAL NEW JERSEY,NEW YORK |  | 116662290 |
| New York - 86.4%  |  |  |
| Education - 8.3% |  |  |
| Build NYC Resource Corp (Nightingale Bamford School Proj.) Series 2025, 5% 7/1/2040  | 5500000 | 5694620 |
| Dutchess Cnty NY Loc Dev Corp Rev (Culinary Institute of America Proj.) 5% 7/1/2026  | 850000 | 863574 |
| Dutchess Cnty NY Loc Dev Corp Rev (Culinary Institute of America Proj.) 5% 7/1/2030  | 1100000 | 1149564 |
| Dutchess Cnty NY Loc Dev Corp Rev (Culinary Institute of America Proj.) 5% 7/1/2035  | 855000 | 875240 |
| Hempstead Town NY Local Dev Corp Rev (Adelphi University NY Proj.) 5% 6/1/2026  | 550000 | 558891 |
| Hempstead Town NY Local Dev Corp Rev (Adelphi University NY Proj.) 5% 6/1/2028  | 155000 | 163493 |
| Hempstead Town NY Local Dev Corp Rev (Adelphi University NY Proj.) 5% 6/1/2030  | 200000 | 216725 |
| Hempstead Town NY Local Dev Corp Rev (Adelphi University NY Proj.) 5% 6/1/2032  | 200000 | 215854 |
| Hempstead Town NY Local Dev Corp Rev (Hofstra Univ, NY Proj.) Series 2021 A, 3% 7/1/2051  | 14635000 | 9608242 |
| Hempstead Town NY Local Dev Corp Rev (Molloy College Proj.) 5% 7/1/2032  | 740000 | 753609 |
| Hempstead Town NY Local Dev Corp Rev (Molloy College Proj.) 5% 7/1/2033  | 475000 | 482196 |
| New York St Dorm Auth Revs (New York Univ, NY Proj.) 5.5% 7/1/2040 (Ambac Assurance Corp Insured)  | 3000000 | 3357887 |
| New York St Dorm Auth Revs Non St Supportd Debt (Fordham University Proj.) Series 2017, 5% 7/1/2032  | 1500000 | 1548406 |
| New York St Dorm Auth Revs Non St Supportd Debt (New School (The) Proj.) 5% 7/1/2041  | 2500000 | 2501265 |
| New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 4% 7/1/2049  | 2500000 | 2096219 |
| New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2035  | 1425000 | 1486375 |
| New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2036  | 1495000 | 1550514 |
| New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2037  | 785000 | 809991 |
| New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2038  | 500000 | 512686 |
| New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2039  | 865000 | 882556 |
| New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2040  | 915000 | 930016 |
| New York St Dorm Auth Revs Non St Supported Debt (Barnard College, NY Proj.) 5% 7/1/2041  | 830000 | 839716 |
| New York St Dorm Auth Revs Non St Supported Debt (Brooklyn Law School NY Proj.) Series 2019 A, 5% 7/1/2033  | 5800000 | 5995951 |
| New York St Dorm Auth Revs Non St Supported Debt (Iona College (Ny) Proj.) Series 2021 A, 5% 7/1/2046  | 1025000 | 989480 |
| New York St Dorm Auth Revs Non St Supported Debt (Iona College (Ny) Proj.) Series 2021 A, 5% 7/1/2051  | 3040000 | 2864588 |
| New York St Dorm Auth Revs Non St Supported Debt (New York Univ, NY Proj.) Series 2019A, 5% 7/1/2038  | 3440000 | 3560056 |
| New York St Dorm Auth Revs Non St Supported Debt (New York Univ, NY Proj.) Series 2021 A, 3% 7/1/2041  | 1000000 | 796881 |
| New York St Dorm Auth Revs Non St Supported Debt (Pace Univ, NY Proj.) Series 2024 A, 5.5% 5/1/2049  | 1500000 | 1485669 |
| New York St Dorm Auth Revs Non St Supported Debt (Pace Univ, NY Proj.) Series 2024 A, 5.5% 5/1/2056  | 2985000 | 2918108 |
| New York St Dorm Auth Revs Non St Supported Debt (Rochester N Y Inst Technology Proj.) Series 2020 A, 5% 7/1/2040  | 1265000 | 1291891 |
| New York St Dorm Auth Revs Non St Supported Debt (St Johns Univ, NY Proj.) 4% 7/1/2048  | 4000000 | 3276180 |
| New York St Dorm Auth Revs Non St Supported Debt (Teachers College, Columbia Uni Versity Proj.) 4% 7/1/2046  | 4625000 | 3974566 |
| New York St Dorm Auth Revs Non St Supported Debt (Wagner College, NY Proj.) 5% 7/1/2035  | 1095000 | 1011842 |
| New York St Dorm Auth Revs Non St Supported Debt (Wagner College, NY Proj.) 5% 7/1/2047  | 5625000 | 4620659 |
| New York St Dorm Auth Revs Non St Supported Debt (Yeshiva University Proj.) 5% 7/15/2037  | 6500000 | 6691542 |
| New York State Dormitory Authority (Fordham University Proj.) Series 2016 A, 5% 7/1/2033  | 800000 | 810622 |
| New York State Dormitory Authority (Fordham University Proj.) Series 2016 A, 5% 7/1/2034  | 650000 | 657665 |
| New York State Dormitory Authority (Fordham University Proj.) Series 2016 A, 5% 7/1/2035  | 500000 | 505226 |
| NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025 B, 5% 7/1/2038  | 3110000 | 3357098 |
| NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025 B, 5% 7/1/2039  | 1800000 | 1924201 |
| NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025 B, 5% 7/1/2040  | 1000000 | 1059104 |
| NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5% 7/1/2038  | 850000 | 917535 |
| NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5% 7/1/2039  | 1125000 | 1202625 |
| NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5% 7/1/2043  | 350000 | 360655 |
| NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5% 7/1/2044  | 1000000 | 1023702 |
| NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5% 7/1/2045  | 525000 | 534556 |
| NY St Dorm Auth Revs Non St Supported Debt (State University of New York Proj.) Series 2025A, 5.25% 7/1/2050  | 1500000 | 1538031 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 4% 7/1/2036  | 425000 | 403689 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 4% 7/1/2037  | 275000 | 256721 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 4% 7/1/2038  | 510000 | 466815 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 4% 7/1/2039  | 650000 | 585028 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 4% 7/1/2040  | 600000 | 529697 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2027  | 815000 | 837944 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2028  | 855000 | 891909 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2031  | 340000 | 358310 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2032  | 265000 | 277051 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2033  | 300000 | 310991 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2034  | 300000 | 309328 |
| Onondaga NY Civic Dev Corp (Le Moyne College Proj.) Series 2020 B, 5% 7/1/2035  | 400000 | 410157 |
| Onondaga NY Civic Dev Corp (Syracuse University, NY Proj.) 5% 12/1/2035  | 1110000 | 1182549 |
| Saratoga Cnty NY Cap Resource Corp Rev (Skidmore College, NY Proj.) 4% 7/1/2050  | 1500000 | 1265194 |
| Troy NY Cap Resource Corp Rev (Rensselaer Polytechnic Institute Proj.) 5% 8/1/2032  | 1000000 | 1006624 |
| Troy NY Cap Resource Corp Rev (Rensselaer Polytechnic Institute Proj.) Series 2020A, 5% 9/1/2036  | 1500000 | 1557130 |
|  |  | 101115209 |
| Electric Utilities - 1.8% |  |  |
| Long Island Pwr Auth NY Elec 5% 9/1/2034  | 1700000 | 1827172 |
| Long Island Pwr Auth NY Elec 5% 9/1/2035  | 1200000 | 1281283 |
| Long Island Pwr Auth NY Elec 5% 9/1/2037  | 500000 | 527259 |
| Long Island Pwr Auth NY Elec 5% 9/1/2038  | 1450000 | 1518571 |
| Long Island Pwr Auth NY Elec 5% 9/1/2039  | 1750000 | 1857954 |
| Long Island Pwr Auth NY Elec 5% 9/1/2040  | 1915000 | 2017217 |
| Long Island Pwr Auth NY Elec 5% 9/1/2041  | 2100000 | 2192063 |
| Long Island Pwr Auth NY Elec 5% 9/1/2042  | 2375000 | 2454421 |
| Long Island Pwr Auth NY Elec Series 2022 A, 5% 9/1/2038  | 1275000 | 1354377 |
| Long Island Pwr Auth NY Elec Series 2022 A, 5% 9/1/2039  | 1375000 | 1449112 |
| Long Island Pwr Auth NY Elec Series 2022 A, 5% 9/1/2040  | 1500000 | 1569684 |
| Long Island Pwr Auth NY Elec Series 2022 A, 5% 9/1/2041  | 1375000 | 1427204 |
| Long Island Pwr Auth NY Elec Series 2022 A, 5% 9/1/2042  | 2000000 | 2057399 |
|  |  | 21533716 |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| New York St Dorm Auth St Pers Income Tax Rev Series 2017 A, 5% 2/15/2037 (Pre-refunded to 2/15/2027 at 100)  | 5000 | 5189 |
| General Obligations - 15.3% |  |  |
| Alden NY Cent Sch Dist Series 2021, 2% 6/15/2036  | 465000 | 352321 |
| Brighton Central School District 2.125% 6/15/2032  | 1000000 | 881651 |
| Bronxville Union Free School District Series 2019, 2% 9/15/2032  | 1000000 | 867296 |
| City of New York NY Gen. Oblig. 3% 3/1/2051 (Build America Mutual Assurance Co Insured)  | 5825000 | 3973255 |
| City of New York NY Gen. Oblig. 4% 8/1/2034  | 3250000 | 3291030 |
| City of New York NY Gen. Oblig. 5% 3/1/2043  | 1500000 | 1518622 |
| City of New York NY Gen. Oblig. 5% 4/1/2030  | 4490000 | 4951728 |
| City of New York NY Gen. Oblig. 5% 8/1/2030  | 11250000 | 12461936 |
| City of New York NY Gen. Oblig. 5% 8/1/2047  | 18895000 | 18775576 |
| City of New York NY Gen. Oblig. 5.5% 4/1/2046  | 1790000 | 1879910 |
| City of New York NY Gen. Oblig. Series 2018 F 1, 3.375% 4/1/2038  | 1055000 | 951846 |
| City of New York NY Gen. Oblig. Series 2018 F 1, 5% 4/1/2045  | 8485000 | 8516544 |
| City of New York NY Gen. Oblig. Series 2019 D1, 5% 12/1/2041  | 4305000 | 4370720 |
| City of New York NY Gen. Oblig. Series 2019 D1, 5% 12/1/2044  | 9810000 | 9872810 |
| City of New York NY Gen. Oblig. Series 2023 SUB F 1, 5% 8/1/2037  | 1000000 | 1067442 |
| City of New York NY Gen. Oblig. Series FISCAL 2020 D 1, 4% 3/1/2044  | 1475000 | 1314937 |
| City of New York NY Gen. Oblig. Series FISCAL 2021F SUB F 1, 3% 3/1/2035  | 3350000 | 3104544 |
| City of New York NY Gen. Oblig. Series FISCAL 2022D SUB D 1, 5.25% 5/1/2038  | 5000000 | 5327774 |
| County of Onondaga NY Gen. Oblig. Series 2018, 3.375% 4/15/2036  | 1020000 | 966140 |
| County of Onondaga NY Gen. Oblig. Series 2020, 2% 10/15/2034  | 1295000 | 1049670 |
| Enlarged City School District of the City of Troy 2% 6/1/2036 (Build America Mutual Assurance Co Insured)  | 1240000 | 936362 |
| Enlarged City School District of the City of Troy Series 2021, 2% 6/1/2034  | 1190000 | 968243 |
| Enlarged City School District of the City of Troy Series 2021, 2% 6/1/2035  | 1215000 | 951165 |
| Farmingdale NY Ufsd 2% 9/15/2036  | 330000 | 251147 |
| Islip NY Gen. Oblig. 2% 5/1/2033  | 345000 | 292623 |
| Islip NY Gen. Oblig. 2% 5/1/2037  | 1575000 | 1173434 |
| Kingston NY City Sch Dist Series 2021, 2% 6/15/2035  | 425000 | 336448 |
| Mahopac NY Cent Scd 1.7% 6/1/2035  | 635000 | 474354 |
| Massapequa NY Un Free Sch Dist 2% 10/1/2032  | 1745000 | 1511454 |
| Massapequa NY Un Free Sch Dist 2% 10/1/2033  | 1775000 | 1495113 |
| Mineola NY Gen. Oblig. Series 2021, 2% 1/15/2044  | 825000 | 475311 |
| Mineola NY Gen. Oblig. Series 2021, 2% 1/15/2045  | 840000 | 473150 |
| Mineola NY Gen. Oblig. Series 2021, 2% 1/15/2046  | 860000 | 473802 |
| New Rochelle NY City Sch Dist 2% 6/15/2033  | 2625000 | 2217778 |
| New Rochelle NY Gen. Oblig. 2% 2/15/2034  | 590000 | 488609 |
| New York Energy Finance Development Corp Series 2025, 5% tender 7/1/2056 (Athene Annuity And Life Company Guaranteed) (d) | 12000000 | 12506677 |
| New York NY City Edl Constr Fd (City of New York NY Proj.) Series 2021 B, 5% 4/1/2052  | 5610000 | 5610237 |
| New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series 2018 S 4A, 5.25% 7/15/2036  | 8095000 | 8493621 |
| New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series 2019 S 1, 5% 7/15/2043  | 1715000 | 1738475 |
| New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series FISCAL 2022 SUB S 1A, 3% 7/15/2039  | 1690000 | 1393724 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2023B SUB B 1, 5.25% 11/1/2037  | 6120000 | 6603956 |
| North Hempstead NY Gen. Oblig. 2.9% 9/15/2033  | 850000 | 784301 |
| NY St Dorm Auth Revs Non St Supported Debt (Ou Boces Proj.) Series 2025, 4.5% 8/15/2044  | 575000 | 557115 |
| NY St Dorm Auth Revs Non St Supported Debt (Ou Boces Proj.) Series 2025, 5% 8/15/2041  | 3075000 | 3210371 |
| NY St Dorm Auth Revs Non St Supported Debt (Ou Boces Proj.) Series 2025, 5% 8/15/2042  | 1600000 | 1658034 |
| NY St Dorm Auth Revs Non St Supported Debt (Ou Boces Proj.) Series 2025, 5% 8/15/2043  | 1550000 | 1594695 |
| Orange County NY Gen. Oblig. Series 2016 A, 2.25% 3/15/2033  | 250000 | 218844 |
| Orange County NY Gen. Oblig. Series 2021 A, 2% 6/15/2029  | 250000 | 235913 |
| Oyster Bay NY Gen. Oblig. Series 2021 A, 2% 3/1/2033 (Assured Guaranty Inc Insured)  | 225000 | 191878 |
| Pearl River Union Free School District 2% 6/1/2036  | 650000 | 499220 |
| Pelham NY Un Free Sch Dist 2% 11/1/2031  | 2180000 | 1932523 |
| Pelham NY Un Free Sch Dist 2% 11/1/2032  | 1445000 | 1244868 |
| Pelham NY Un Free Sch Dist 2% 11/1/2033  | 530000 | 442522 |
| Pelham NY Un Free Sch Dist 2% 11/1/2034  | 2015000 | 1630881 |
| Pelham NY Un Free Sch Dist 2% 11/1/2035  | 2225000 | 1744413 |
| Port Chester-Rye NY 2% 6/1/2036  | 1925000 | 1472274 |
| Rye Neck NY Un Free Sch Dist Series 2020, 2.25% 6/15/2042  | 450000 | 289891 |
| Rye Neck NY Un Free Sch Dist Series 2020, 2.5% 6/15/2045  | 380000 | 239127 |
| Rye Neck NY Un Free Sch Dist Series 2020, 2.5% 6/15/2046  | 225000 | 138854 |
| Rye Neck NY Un Free Sch Dist Series 2020, 2.5% 6/15/2047  | 505000 | 305905 |
| Rye Neck NY Un Free Sch Dist Series 2020, 2.5% 6/15/2048  | 415000 | 247850 |
| Saratoga Cnty NY Gen. Oblig. Series 2016, 3.125% 7/15/2036  | 1510000 | 1364132 |
| Schuylerville N Y Cent Sch Dist Series 2021, 2% 6/15/2036  | 965000 | 750088 |
| Schuylerville N Y Cent Sch Dist Series 2021, 2% 6/15/2037  | 720000 | 540266 |
| Suffolk Cnty NY Gen. Oblig. Series 2021 A, 2% 6/15/2033  | 7555000 | 6407697 |
| Suffolk Cnty NY Gen. Oblig. Series 2021 A, 2% 6/15/2034  | 7105000 | 5816173 |
| Suffolk Cnty NY Gen. Oblig. Series 2022 C, 4% 9/1/2036  | 2000000 | 2043952 |
| Uniondale Uni Free Sch Dist NY 1.75% 5/1/2033  | 3385000 | 2775400 |
| Uniondale Uni Free Sch Dist NY 1.75% 5/1/2034  | 3810000 | 2987460 |
| Village of Dobbs Ferry NY Gen. Oblig. 2.65% 10/15/2033  | 325000 | 291693 |
| Wellsville NY Cent Sch Dist Series 2021, 2% 6/15/2036  | 115000 | 88090 |
| West Islip NY Un Free Sch Dist Series 2020, 2% 6/15/2032  | 2880000 | 2509123 |
| Westchester Cnty NY Gen. Oblig. Series 2021 A, 2% 10/15/2032  | 3990000 | 3504883 |
| Westchester Cnty NY Gen. Oblig. Series 2021 A, 2% 10/15/2033  | 570000 | 485226 |
| Yonkers NY 2% 2/15/2041 (Assured Guaranty Inc Insured)  | 1000000 | 620684 |
| Yonkers NY Gen. Oblig. Series 2019A, 4% 5/1/2034 (Build America Mutual Assurance Co Insured)  | 1500000 | 1530114 |
| Yonkers NY Gen. Oblig. Series 2019A, 5% 5/1/2033 (Build America Mutual Assurance Co Insured)  | 1000000 | 1075561 |
| Yonkers NY Series 2021 B, 4% 2/15/2037  | 1200000 | 1208533 |
|  |  | 186999989 |
| Health Care - 8.6% |  |  |
| Brookhaven NY Loc Dev Corp Rev (Active Retirement Cmty, Inc Proj.) 4% 11/1/2045  | 1000000 | 844957 |
| Buffalo & Erie County Industrial Land Development Corp (Catholic Health System Proj.) Series 2015, 5% 7/1/2026  | 450000 | 449973 |
| Buffalo & Erie County Industrial Land Development Corp (Catholic Health System Proj.) Series 2015, 5% 7/1/2027  | 600000 | 599983 |
| Buffalo & Erie County Industrial Land Development Corp (Catholic Health System Proj.) Series 2015, 5% 7/1/2028  | 360000 | 359972 |
| Buffalo & Erie County Industrial Land Development Corp (Catholic Health System Proj.) Series 2015, 5% 7/1/2029  | 300000 | 299452 |
| Buffalo & Erie County Industrial Land Development Corp (Catholic Health System Proj.) Series 2015, 5% 7/1/2030  | 575000 | 572729 |
| Dutchess Cnty NY Loc Dev Corp Rev (Nuvance Health Proj.) 5% 7/1/2046  | 9025000 | 8493968 |
| Monroe Cnty NY Indl Dev Corp (Highland Hospital Proj.) Series 2020, 3% 7/1/2050  | 4265000 | 2902154 |
| Monroe Cnty NY Indl Dev Corp (Rochester General Hospital Proj.) 5% 12/1/2031  | 1595000 | 1616251 |
| Monroe Cnty NY Indl Dev Corp (Rochester General Hospital Proj.) 5% 12/1/2034  | 760000 | 764494 |
| Monroe Cnty NY Indl Dev Corp (Rochester General Hospital Proj.) 5% 12/1/2035  | 700000 | 702887 |
| Monroe Cnty NY Indl Dev Corp (Rochester General Hospital Proj.) 5% 12/1/2036  | 700000 | 701640 |
| Monroe Cnty NY Indl Dev Corp (Rochester General Hospital,Ny Proj.) Series 2020 A, 4% 12/1/2046  | 2500000 | 2094423 |
| Nassau Cnty NY Local Economic Assist Corp Rev (Catholic Hlth Svs of Li Grp Proj.) Series 2014B, 5% 7/1/2027  | 1000000 | 1001064 |
| New York St Dorm Auth Revs Non St Supportd Debt (Garnet Hlth Med Ctr Proj.) 5% 12/1/2028 (e) | 4000000 | 4035148 |
| New York St Dorm Auth Revs Non St Supportd Debt (Garnet Hlth Med Ctr Proj.) Series 2017, 5% 12/1/2032 (e) | 4000000 | 4000744 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 4% 7/1/2040  | 1000000 | 831569 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 4% 7/1/2045  | 3750000 | 2992766 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2026  | 545000 | 545355 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2027  | 390000 | 390747 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2028  | 465000 | 465720 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2029  | 750000 | 749947 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2030  | 1475000 | 1470885 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2032  | 1540000 | 1520402 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2034  | 1300000 | 1268875 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2035  | 600000 | 581714 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2036  | 500000 | 481646 |
| New York St Dorm Auth Revs Non St Supported Debt (Catholic Health System Proj.) Series 2019 A, 5% 7/1/2041  | 1345000 | 1264706 |
| New York St Dorm Auth Revs Non St Supported Debt (Memorial Sloan-Kettering Cancer Center Proj.) Series 2019 1, 2% 7/1/2033  | 7600000 | 6541299 |
| New York St Dorm Auth Revs Non St Supported Debt (Montefiore Medical Center Proj.) Series 2018 A, 5% 8/1/2035  | 3800000 | 3833319 |
| New York St Dorm Auth Revs Non St Supported Debt (Montefiore Medical Center Proj.) Series 2020A, 4% 9/1/2050  | 7120000 | 5598823 |
| New York St Dorm Auth Revs Non St Supported Debt (Montefiore Medical Center Proj.) Series 2024, 5.5% 11/1/2044  | 1200000 | 1233969 |
| New York St Dorm Auth Revs Non St Supported Debt (Montefiore Medical Center Proj.) Series 2024, 5.5% 11/1/2047  | 1025000 | 1041911 |
| New York St Dorm Auth Revs Non St Supported Debt (New York University Hospital Center Proj.) 5% 7/1/2035  | 1000000 | 1127614 |
| New York St Dorm Auth Revs Non St Supported Debt (New York University Hospital Center Proj.) 5% 7/1/2036  | 575000 | 645593 |
| New York St Dorm Auth Revs Non St Supported Debt (New York University Hospital Center Proj.) Series 2020A, 3% 7/1/2048  | 5000000 | 3364775 |
| New York St Dorm Auth Revs Non St Supported Debt (New York University Hospital Center Proj.) Series 2020A, 4% 7/1/2053  | 5805000 | 4785756 |
| New York St Dorm Auth Revs Non St Supported Debt (White Plains Hosp Proj.) Series 2024, 5.25% 10/1/2049  | 7000000 | 6930704 |
| New York State Dormitory Authority (Garnet Hlth Med Ctr Proj.) 5% 12/1/2027 (e) | 1200000 | 1200316 |
| Niagara NY Area Dev Corp Rev (Catholic Health System Proj.) 5% 7/1/2052  | 3000000 | 2720234 |
| Oneida County Local Development Corp (Mohawk Valley Health System Proj.) 4% 12/1/2037 (Assured Guaranty Inc Insured)  | 1000000 | 967014 |
| Oneida County Local Development Corp (Mohawk Valley Health System Proj.) 4% 12/1/2038 (Assured Guaranty Inc Insured)  | 1000000 | 954499 |
| Oneida County Local Development Corp (Mohawk Valley Health System Proj.) 4% 12/1/2049 (Assured Guaranty Inc Insured)  | 11305000 | 9578205 |
| Oneida County Local Development Corp (Mohawk Valley Health System Proj.) 5% 12/1/2030 (Assured Guaranty Inc Insured)  | 755000 | 806121 |
| Oneida County Local Development Corp (Mohawk Valley Health System Proj.) 5% 12/1/2031 (Assured Guaranty Inc Insured)  | 545000 | 578534 |
| Onondaga NY Civic Dev Corp (Crouse-Irving Hospital, NY Proj.) Series 2024 A, 5.125% 8/1/2044  | 1000000 | 807385 |
| Onondaga NY Civic Dev Corp (Crouse-Irving Hospital, NY Proj.) Series 2024 A, 5.375% 8/1/2054  | 1250000 | 986016 |
| Suffolk Cnty NY Economic Dev Corp Rev (St Johnland Assisted Living Proj.) Series 2021, 5.375% 11/1/2054 (e) | 3500000 | 2677800 |
| Westchester County Local Development Corp (New York Blood Ctr Proj.) Series 2024, 5% 7/1/2035  | 3500000 | 3748055 |
| Westchester County Local Development Corp (New York Blood Ctr Proj.) Series 2024, 5% 7/1/2038  | 2000000 | 2088809 |
|  |  | 104220922 |
| Housing - 6.5% |  |  |
| New York City Housing Development Corp (New York Mhsg 7/27/1993 Proj.) Series 2017 G 1, 3.45% 11/1/2037  | 1955000 | 1766421 |
| New York City Housing Development Corp Series 2022 A, 2.5% 11/1/2042 (d) | 1500000 | 1197658 |
| New York St Hsg Fin Agy (Affordable Housing Revenue Bonds 8/22/2007 Proj.) Series 2017K, 3% 11/1/2032  | 1610000 | 1538297 |
| New York St Hsg Fin Agy (Affordable Housing Revenue Bonds 8/22/2007 Proj.) Series 2017K, 3.3% 11/1/2037  | 1800000 | 1594056 |
| New York St Hsg Fin Agy (Affordable Housing Revenue Bonds 8/22/2007 Proj.) Series 2019 I, 3.25% 11/1/2052  | 5000000 | 3670737 |
| New York St Hsg Fin Agy (Affordable Housing Revenue Bonds 8/22/2007 Proj.) Series 2021 D 1, 2.4% 11/1/2041  | 2740000 | 1932959 |
| New York St Hsg Fin Agy Series 2019 I, 3.15% 11/1/2044  | 1500000 | 1189848 |
| New York St Hsg Fin Agy Series 2025 C 2, 3.3% tender 5/1/2065 (b)(d) | 3000000 | 3005614 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2019 G 1 B, 3.05% 5/1/2050  | 4270000 | 2917762 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2019 J, 3% 11/1/2044  | 8030000 | 6036677 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2019 J, 3.05% 11/1/2049  | 10520000 | 7245040 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2020 A 1 C, 2.8% 11/1/2045  | 1000000 | 697778 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 C 1, 2.25% 11/1/2041  | 2700000 | 1863367 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 C 1, 2.4% 11/1/2046  | 2535000 | 1592272 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 F 1, 2.1% 11/1/2036  | 2000000 | 1530813 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 F 1, 2.25% 11/1/2041  | 10000000 | 6901358 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 F 1, 2.4% 11/1/2046  | 1000000 | 628115 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 I, 2.45% 11/1/2041  | 6200000 | 4449722 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 I, 2.65% 11/1/2046  | 7135000 | 4726180 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 I, 2.7% 11/1/2051  | 8285000 | 5199327 |
| NY City Hsg Dev Corp Multifamily Hsg Rev Series 2021 G 1, 1.5% 11/1/2041  | 920000 | 628707 |
| State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) 3.5% 10/1/2050 (c) | 5835000 | 5813317 |
| State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) Series 221, 3.5% 10/1/2032 (c) | 2740000 | 2733052 |
| State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) Series 223, 3.5% 4/1/2049  | 705000 | 705382 |
| State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) Series 227, 2.5% 10/1/2047  | 12730000 | 8004558 |
| State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) Series 232, 5% 10/1/2028 (c) | 1680000 | 1762631 |
|  |  | 79331648 |
| Industrial Development - 2.6% |  |  |
| Liberty NY Dev Corp Rev (Goldman Sachs Group Inc/The Proj.) 5.25% 10/1/2035  | 11440000 | 12793953 |
| MTA Hudson Rail Yards Trust Series 2016 A, 5% 11/15/2051  | 3000000 | 2979449 |
| MTA Hudson Rail Yards Trust Series 2016 A, 5% 11/15/2056  | 9000000 | 8938149 |
| New York Liberty Dev Corp (One Bryant Part LLC Proj.) Series 2019 CL 1, 2.45% 9/15/2069  | 8000000 | 7393706 |
|  |  | 32105257 |
| Lease Revenue - 0.1% |  |  |
| Clinton County Capital Resource Corp (Cves Boces Proj.) Series 2025, 4.5% 7/1/2040 (e) | 1100000 | 1070472 |
| Clinton County Capital Resource Corp (Cves Boces Proj.) Series 2025, 4.75% 7/1/2043 (e) | 1100000 | 1045632 |
|  |  | 2116104 |
| Other - 0.9% |  |  |
| New York City Trust Cultural Resources Rev (American Museum of Natural History/The Proj.) Series 2024 A, 5% 7/15/2054  | 7500000 | 7606840 |
| New York St Dorm Auth Revs Non St Supported Debt (Rockefeller Univ, NY Proj.) 5% 7/1/2050  | 3000000 | 3000689 |
|  |  | 10607529 |
| Special Tax - 25.1% |  |  |
| Erie Cnty NY Fiscal Stability Auth 5% 9/1/2033  | 525000 | 543229 |
| Erie Cnty NY Fiscal Stability Auth 5% 9/1/2034  | 850000 | 877209 |
| Hudson Yds Infrastructure Corp NY Rev Series 2017 A, 3.5% 2/15/2038  | 515000 | 474381 |
| New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5% 11/1/2032  | 8450000 | 9503891 |
| New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5% 11/1/2038  | 5000000 | 5357220 |
| New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5% 11/1/2041  | 2000000 | 2097461 |
| New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5.5% 11/1/2051  | 10500000 | 11035980 |
| New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5.5% 5/1/2052  | 5000000 | 5240088 |
| New York NY City Ida Rev (Queens Ballpark Company LLC Proj.) Series 2021A, 3% 1/1/2037 (Assured Guaranty Inc Insured)  | 3070000 | 2676955 |
| New York NY City Ida Rev (Queens Ballpark Company LLC Proj.) Series 2021A, 3% 1/1/2046 (Assured Guaranty Inc Insured)  | 9945000 | 7127249 |
| New York NY City Ida Rev (Yankees Hldgs LP Proj.) Series 2020 A, 3% 3/1/2049  | 5700000 | 3846131 |
| New York NY City Ida Rev (Yankees Hldgs LP Proj.) Series 2020 A, 3% 3/1/2049 (Assured Guaranty Inc Insured)  | 1500000 | 1029556 |
| New York NY City Transitional Fin Auth Rev 4% 11/1/2038  | 1500000 | 1416904 |
| New York NY City Transitional Fin Auth Rev 4% 8/1/2038  | 1340000 | 1271091 |
| New York NY City Transitional Fin Auth Rev Series 2016 F 3, 3% 2/1/2038  | 295000 | 252123 |
| New York NY City Transitional Fin Auth Rev Series 2016, 3.25% 8/1/2035  | 325000 | 309488 |
| New York NY City Transitional Fin Auth Rev Series 2018 B 1, 5% 8/1/2034  | 3000000 | 3096749 |
| New York NY City Transitional Fin Auth Rev Series 2018 C 2, 5% 5/1/2037  | 4690000 | 4831152 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2017 E, 3.5% 2/1/2038  | 655000 | 597006 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2020C SUB C 1, 3% 5/1/2046  | 4200000 | 2988048 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2021C SUB C 1, 4% 5/1/2047  | 1000000 | 861565 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2024A SUB A 1, 5% 5/1/2040  | 5115000 | 5340603 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2024A SUB A 1, 5% 5/1/2041  | 8000000 | 8302085 |
| New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) 5% 3/15/2048 (Pre-refunded to 9/15/2028 at 100)  | 5000 | 5408 |
| New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2018 A, 5% 3/15/2042  | 9940000 | 10060555 |
| New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2018 A, 5% 3/15/2043  | 9940000 | 10023842 |
| New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2018 C, 5% 3/15/2035  | 18870000 | 19531062 |
| New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2018 C, 5% 3/15/2043  | 6185000 | 6237169 |
| New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2018 E, 5% 3/15/2044  | 5000000 | 5035068 |
| New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2018 E, 5% 3/15/2048  | 12695000 | 12710118 |
| New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2024 B, 5% 3/15/2030  | 6235000 | 6903795 |
| New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2024 B, 5% 3/15/2037  | 11970000 | 13256225 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) 3% 3/15/2050  | 10285000 | 7057641 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2019A, 5% 3/15/2046  | 7500000 | 7506257 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2020A, 3% 3/15/2038  | 1590000 | 1368489 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2020A, 3% 3/15/2039  | 5000000 | 4217756 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2021 A, 5% 3/15/2049  | 6500000 | 6488559 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2021 E, 4% 3/15/2037  | 3700000 | 3662380 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2021 E, 4% 3/15/2039  | 735000 | 701484 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2022 A, 4% 3/15/2039  | 1000000 | 954400 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2022 A, 5% 3/15/2041  | 5000000 | 5150657 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2023 A, 5% 3/15/2037  | 2625000 | 2816067 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2023 A, 5% 3/15/2038  | 1645000 | 1749475 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2023 A, 5% 3/15/2039  | 2100000 | 2212960 |
| New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2024A, 5% 3/15/2042  | 10250000 | 10594934 |
| New York St Urban Dev Corp Rev (New York State Pit Proj.) Series 2019 A, 5% 3/15/2043  | 10830000 | 10880258 |
| New York State Urban Development Corp (New York State Pit Proj.) 4% 3/15/2049  | 3165000 | 2697099 |
| New York State Urban Development Corp (New York State Pit Proj.) Series 2020 A, 5% 3/15/2042  | 2175000 | 2201956 |
| New York State Urban Development Corp (New York State Pit Proj.) Series 2022A, 5% 3/15/2040  | 8000000 | 8360946 |
| New York Twy Auth Pers Income Tax Rev (New York State Pit Proj.) Series 2021 A 1, 3% 3/15/2050  | 8945000 | 6177657 |
| NY Convention Ctr Dev Corp Rev 0% 11/15/2038 (f) | 1275000 | 682555 |
| NY Convention Ctr Dev Corp Rev Series 2015, 5% 11/15/2030  | 2000000 | 2009315 |
| NY Convention Ctr Dev Corp Rev Series 2015, 5% 11/15/2033  | 9115000 | 9145318 |
| NY Convention Ctr Dev Corp Rev Series 2015, 5% 11/15/2034  | 3000000 | 3008724 |
| NY Convention Ctr Dev Corp Rev Series 2015, 5% 11/15/2040  | 9990000 | 9990800 |
| NY Convention Ctr Dev Corp Rev Series B, 0% 11/15/2030 (f) | 3400000 | 2845047 |
| NY Payroll Mobility Tax Series 2022D 1A, 5% 11/15/2038  | 10000000 | 10582293 |
| NY Payroll Mobility Tax Series 2023 C, 5.25% 11/15/2039  | 6000000 | 6489695 |
| Triborough Brdg & Tunl Auth NY Sales Tax Rev Series 2023A, 5% 5/15/2036  | 800000 | 876845 |
| Triborough Brdg & Tunl Auth NY Sales Tax Rev Series 2023A, 5% 5/15/2038  | 1125000 | 1205844 |
| Triborough Brdg & Tunl Auth NY Sales Tax Rev Series 2023A, 5% 5/15/2039  | 1545000 | 1641209 |
| Triborough Brdg & Tunl NY Rett Series 2025 A, 5.5% 12/1/2059  | 10000000 | 10373376 |
|  |  | 306489402 |
| Tobacco Bonds - 0.7% |  |  |
| Suffolk Tobacco Asset Securitization Corp NY Tobacco Settlement 4% 6/1/2050  | 3000000 | 2455755 |
| Suffolk Tobacco Asset Securitization Corp NY Tobacco Settlement Series 2021B1, 4% 6/1/2050  | 4425000 | 3867213 |
| Tobacco Settlement Asset Securitization Corp NY Rev Series A, 5% 6/1/2030  | 2525000 | 2562356 |
|  |  | 8885324 |
| Transportation - 15.5% |  |  |
| Build NYC Resource Corp (TrIPs Obligated Group Proj.) 5.5% 7/1/2041 (c) | 340000 | 351812 |
| Build NYC Resource Corp (TrIPs Obligated Group Proj.) 5.5% 7/1/2042 (c) | 1135000 | 1163404 |
| Build NYC Resource Corp (TrIPs Obligated Group Proj.) 5.5% 7/1/2043 (c) | 1230000 | 1252195 |
| Build NYC Resource Corp (TrIPs Obligated Group Proj.) 5.5% 7/1/2044 (c) | 1200000 | 1214782 |
| Build NYC Resource Corp (TrIPs Obligated Group Proj.) 5.5% 7/1/2045 (c) | 1500000 | 1511668 |
| Metropolitan Transn Auth NY Rv Series 2016 D, 5% 11/15/2031  | 665000 | 680135 |
| Metropolitan Transn Auth NY Rv Series 2016 D, 5.25% 11/15/2031  | 500000 | 513073 |
| Metropolitan Transn Auth NY Rv Series 2016B, 5% 11/15/2034  | 1490000 | 1514407 |
| Metropolitan Transn Auth NY Rv Series 2016B, 5% 11/15/2035  | 8375000 | 8495419 |
| Metropolitan Transn Auth NY Rv Series 2017 C 2, 0% 11/15/2029 (f) | 15820000 | 13791622 |
| Metropolitan Transn Auth NY Rv Series 2017 C 2, 0% 11/15/2032 (f) | 18000000 | 13745922 |
| Metropolitan Transn Auth NY Rv Series 2017 D, 5% 11/15/2030  | 5000000 | 5288726 |
| Metropolitan Transn Auth NY Rv Series 2017 D, 5% 11/15/2032  | 925000 | 968646 |
| Metropolitan Transn Auth NY Rv Series 2017C 1, 5% 11/15/2027  | 620000 | 653240 |
| Metropolitan Transn Auth NY Rv Series 2017C 1, 5% 11/15/2030  | 1015000 | 1073611 |
| Metropolitan Transn Auth NY Rv Series 2020 C 1, 5% 11/15/2050  | 1310000 | 1267147 |
| Metropolitan Transn Auth NY Rv Series C 1, 5% 11/15/2031  | 1175000 | 1201743 |
| Metropolitan Transn Auth NY Rv Series C 1, 5% 11/15/2032  | 730000 | 744888 |
| Metropolitan Transn Auth NY Rv Series C 1, 5% 11/15/2035  | 600000 | 600426 |
| New York Liberty Dev Corp (4 World Trade Center LLC Proj.) Series 2021A, 2.1% 11/15/2032  | 950000 | 808767 |
| New York Liberty Dev Corp (4 World Trade Center LLC Proj.) Series 2021A, 3% 11/15/2051  | 5500000 | 3680356 |
| New York Liberty Dev Corp (Port Auth NY & NJ Proj.) Series 2021, 2.25% 2/15/2041  | 3000000 | 2080571 |
| New York St Brdg Auth Rev Series 2021 A, 4% 1/1/2051  | 1085000 | 912959 |
| New York St Twy Auth Gen Rev 5% 1/1/2041  | 9320000 | 9329547 |
| New York St Twy Auth Gen Rev Series 2019 B, 3% 1/1/2053  | 5405000 | 3508453 |
| New York St Twy Auth Gen Rev Series 2019 B, 3% 1/1/2053 (Assured Guaranty Inc Insured)  | 2000000 | 1345232 |
| New York St Twy Auth Gen Rev Series 2019 B, 4% 1/1/2045  | 5000000 | 4395362 |
| New York St Twy Auth Gen Rev Series N, 3% 1/1/2050  | 5000000 | 3373868 |
| New York Transportation Development Corp (Delta Air Lines Inc Proj.) Series 2018, 5% 1/1/2033 (c) | 5000000 | 5074645 |
| New York Transportation Development Corp (Delta Air Lines Inc Proj.) Series 2023, 6% 4/1/2035 (c) | 5000000 | 5414609 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) 4% 12/1/2038 (c) | 1200000 | 1077352 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) 4% 12/1/2041 (c) | 2490000 | 2139080 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) 5% 12/1/2031 (c) | 1200000 | 1269862 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) 5% 12/1/2033 (c) | 1950000 | 2030203 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) 5% 12/1/2035 (c) | 1540000 | 1581526 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2020C, 5% 12/1/2029  | 1300000 | 1400426 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2020C, 5% 12/1/2030  | 500000 | 543408 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2022, 5% 12/1/2035 (c) | 8465000 | 8766188 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2022, 5% 12/1/2036 (c) | 7500000 | 7687076 |
| New York Transportation Development Corp (Jfk Intl New Terminal One Proj.) 5% 6/30/2049 (Assured Guaranty Inc Insured) (c) | 5000000 | 4764357 |
| New York Transportation Development Corp (Jfk Intl New Terminal One Proj.) 5.5% 6/30/2054 (c) | 8000000 | 7716994 |
| New York Transportation Development Corp (Jfk Intl Terminal 6 Proj.) 0% 12/31/2054 (Assured Guaranty Inc Insured) (c)(g) | 9000000 | 5423142 |
| New York Transportation Development Corp (Jfk Intl Terminal 6 Proj.) 5.5% 12/31/2054 (c) | 6580000 | 6427738 |
| Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) 5% 4/1/2030 (c) | 750000 | 782813 |
| Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) 5% 4/1/2032 (c) | 900000 | 930456 |
| Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) 5% 4/1/2033 (c) | 1000000 | 1028970 |
| Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) 5% 4/1/2034 (c) | 1765000 | 1807854 |
| Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) 5% 4/1/2036 (c) | 1150000 | 1159797 |
| Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) Series 2019A, 5% 4/1/2029 (c) | 615000 | 646392 |
| Niagara NY Frontier Trans Auth Arpt Rev (Buffalo Niagara Intl Airport Proj.) Series 2019A, 5% 4/1/2038 (c) | 750000 | 754100 |
| Syracuse Regional Airport Authority 4% 7/1/2035 (c) | 500000 | 487295 |
| Syracuse Regional Airport Authority 4% 7/1/2036 (c) | 500000 | 480814 |
| Syracuse Regional Airport Authority 5% 7/1/2028 (c) | 1640000 | 1705352 |
| Syracuse Regional Airport Authority 5% 7/1/2029 (c) | 1500000 | 1575733 |
| Syracuse Regional Airport Authority 5% 7/1/2030 (c) | 1500000 | 1585373 |
| Syracuse Regional Airport Authority 5% 7/1/2031 (c) | 2060000 | 2176807 |
| Syracuse Regional Airport Authority 5% 7/1/2032 (c) | 1145000 | 1201078 |
| Syracuse Regional Airport Authority 5% 7/1/2033 (c) | 755000 | 784110 |
| Syracuse Regional Airport Authority 5% 7/1/2034 (c) | 815000 | 838964 |
| Triborough Brdg & Tunl NY Revs 4% 11/15/2037  | 3000000 | 2948770 |
| Triborough Brdg & Tunl NY Revs Series 2019 C, 3% 11/15/2046  | 5000000 | 3666113 |
| Triborough Brdg & Tunl NY Revs Series 2022A, 4% 11/15/2052  | 3000000 | 2537573 |
| Triborough Brdg & Tunl NY Revs Series 2022A, 5% 11/15/2040  | 2000000 | 2090131 |
| Triborough Brdg & Tunl NY Revs Series 2022A, 5% 11/15/2041  | 2000000 | 2069444 |
| Triborough Brdg & Tunl NY Revs Series 2024 A SUB A 1, 5.25% 11/15/2051  | 10000000 | 10283399 |
|  |  | 188325925 |
| Water & Sewer - 1.0% |  |  |
| New York Envir Fac Corp Clean Wtr & Drinking Wtr Series 2018 B, 5% 6/15/2043  | 1000000 | 1008452 |
| New York NY Cty Muni Wtr Fin Auth Series FISCAL 2021SUB BB 1, 3% 6/15/2050  | 4395000 | 2998857 |
| New York NY Cty Muni Wtr Fin Auth Series FISCAL2025AA SUB AA1, 5.25% 6/15/2053  | 6265000 | 6446619 |
| Onondaga Cnty NY Wtr Auth Wtr Rev Series 2022A, 2.5% 9/15/2051  | 1855000 | 1080259 |
| Western Nassau Cnty NY Wtr Auth Wtr Sys Rev Series 2015A, 5% 4/1/2030  | 350000 | 350634 |
|  |  | 11884821 |
| TOTAL NEW YORK |  | 1053621035 |
| Puerto Rico - 0.8%  |  |  |
| General Obligations - 0.6% |  |  |
| Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 0% 7/1/2033 (f) | 3719591 | 2577624 |
| Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.625% 7/1/2027  | 455000 | 468966 |
| Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.625% 7/1/2029  | 1350000 | 1429205 |
| Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.75% 7/1/2031  | 3120000 | 3387103 |
|  |  | 7862898 |
| Water & Sewer - 0.2% |  |  |
| Puerto Rico Comwlth Aqueduct & Swr Auth Rev Series 2021 B, 5% 7/1/2037 (e) | 2375000 | 2436792 |
| TOTAL PUERTO RICO |  | 10299690 |
| Virgin Islands - 0.5%  |  |  |
| Transportation - 0.5% |  |  |
| Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2030  | 1000000 | 1086005 |
| Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2031  | 695000 | 759203 |
| Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2032  | 500000 | 547563 |
| Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2036  | 2290000 | 2464580 |
| Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2039  | 385000 | 402550 |
| Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2040  | 745000 | 770471 |
|  |  | 6030372 |
| TOTAL VIRGIN ISLANDS |  | 6030372 |
| <br> **TOTAL MUNICIPAL SECURITIES**<br> (Cost $1,256,923,713) |  | <br> **1188731666** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 2.0%** | &nbsp;&nbsp;**Money Market Funds - 2.0%** | &nbsp;&nbsp;**Money Market Funds - 2.0%** | &nbsp;&nbsp;**Money Market Funds - 2.0%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Municipal Cash Central Fund (h)(i)<br>(Cost $24,141,893)<br>| 2.91 | 24137066 | **24141893** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.5%**<br> (Cost $1,281,065,606)<br>| <br>**1212873559** |
| **NET OTHER ASSETS (LIABILITIES) - 0.5%**  | **5905873** |
| **NET ASSETS - 100.0%** | **1218779432** |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

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

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

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

(e) 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 $16,466,904 or 1.4% of net assets.

(f) Security initially issued in zero coupon form which converts to coupon form at a specified rate and date. The rate shown is the rate at period end.

(g) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(h) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity 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 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  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Municipal Cash Central Fund | 20865148 | 145300154 | 142023409 | 594242 | - | - | 24141893 | 24137066 | 0.9% |
| Total | 20865148 | 145300154 | 142023409 | 594242 | - | - | 24141893 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line item in the Statement of Operations, if applicable.

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of July 31, 2025, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
|  **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Municipal Securities** |  |  |  |  |
| Education | 101115209 | - | 101115209 | - |
| Electric Utilities | 21533716 | - | 21533716 | - |
| Escrowed/Pre-Refunded | 5189 | - | 5189 | - |
| General Obligations | 194862887 | - | 194862887 | - |
| Health Care | 104220922 | - | 104220922 | - |
| Housing | 79331648 | - | 79331648 | - |
| Industrial Development | 32105257 | - | 32105257 | - |
| Lease Revenue | 2116104 | - | 2116104 | - |
| Other | 10607529 | - | 10607529 | - |
| Special Tax | 306489402 | - | 306489402 | - |
| Tobacco Bonds | 8885324 | - | 8885324 | - |
| Transportation | 311018587 | - | 311018587 | - |
| Water & Sewer | 16439892 | - | 16439892 | - |
|  **Money Market Funds** | 24141893 | 24141893 | - | - |
| **Total Investments in Securities:** | 1212873559 | 24141893 | 1188731666 | - |

---

**Financial Statements (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| <br> **As of July 31, 2025 (Unaudited)** | <br> **As of July 31, 2025 (Unaudited)** | <br> **As of July 31, 2025 (Unaudited)** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $1,256,923,713) | $1188731666 |  |
| Fidelity Central Funds (cost $24,141,893) | 24141893 |  |
| Total Investment in Securities (cost $1,281,065,606) |  | $1212873559 |
| Cash |  | 284300 |
| Receivable for fund shares sold |  | 1143016 |
| Interest receivable |  | 12357495 |
| Distributions receivable from Fidelity Central Funds |  | 74175 |
| Prepaid expenses |  | 156 |
| Other receivables |  | 19 |
| **Total assets** |  | 1226732720 |
| **Liabilities** |  |  |
| Payable for investments purchased |  |  |
| Regular delivery | $184299 |  |
| Delayed delivery | 5113435 |  |
| Payable for fund shares redeemed | 838410 |  |
| Distributions payable | 1333946 |  |
| Accrued management fee | 438023 |  |
| Distribution and service plan fees payable | 9058 |  |
| Other payables and accrued expenses | 36117 |  |
| **Total liabilities** |  | 7953288 |
| **Net Assets**  |  | $1218779432 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $1323051918 |
| Total accumulated earnings (loss) |  | (104272486) |
| **Net Assets** |  | $1218779432 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Class A :** |  |  |
| **Net Asset Value** and redemption price per share ($27,870,512 ÷ 2,337,364 shares)(a) |  | $11.92 |
| Maximum offering price per share (100/96.00 of $11.92) |  | $12.42 |
| **Class M :** |  |  |
| **Net Asset Value** and redemption price per share ($3,259,559 ÷ 273,133 shares)(a) |  | $11.93 |
| Maximum offering price per share (100/96.00 of $11.93) |  | $12.43 |
| **Class C :** |  |  |
| **Net Asset Value** and offering price per share ($3,064,486 ÷ 257,007 shares)(a) |  | $11.92 |
| **New York Municipal Income :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($1,106,106,197 ÷ 92,729,392 shares) |  | $11.93 |
| **Class I :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($39,082,102 ÷ 3,280,213 shares) |  | $11.91 |
| **Class Z :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($39,396,576 ÷ 3,306,821 shares) |  | $11.91 |
| *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* | *(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.* |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| **Six months ended July 31, 2025 (Unaudited)** | **Six months ended July 31, 2025 (Unaudited)** | **Six months ended July 31, 2025 (Unaudited)** |
| **Investment Income** |  |  |
| Interest  |  | $20706189 |
| Income from Fidelity Central Funds  |  | 594242 |
| **Total income** |  | 21300431 |
| **Expenses** |  |  |
| Management fee | $2605815 |  |
| Distribution and service plan fees | 56132 |  |
| Custodian fees and expenses | 6600 |  |
| Independent trustees' fees and expenses | 1433 |  |
| Registration fees | 80765 |  |
| Audit fees | 29433 |  |
| Legal | 5927 |  |
| Miscellaneous | 2586 |  |
| Total expenses before reductions | 2788691 |  |
| Expense reductions | (43) |  |
| Total expenses after reductions |  | 2788648 |
| **Net Investment income (loss)** |  | 18511783 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (1198149) |  |
| Total net realized gain (loss) |  | (1198149) |
| Change in net unrealized appreciation (depreciation) on investment securities  |  | (37641222) |
| **Net gain (loss)** |  | (38839371) |
| **Net increase (decrease) in net assets resulting from operations** |  | $(20327588) |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Six months ended**<br> **July 31, 2025**<br> **(Unaudited)** | **Year ended**<br> **January 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $18511783 | $36441048 |
| &nbsp;&nbsp;Net realized gain (loss) | (1198149)<br>| (1399205)<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | (37641222) | (11419433)<br>|
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | (20327588)<br>| 23622410<br>|
| Distributions to shareholders | (17147243)<br>| (34029822)<br>|
| Share transactions - net increase (decrease) | 41286076<br>| (9375586)<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 3811245<br>| (19782998)<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 1214968187 | 1234751185<br>|
| &nbsp;&nbsp;End of period | $1218779432 | $1214968187 |

---

**Financial Highlights** 

**Fidelity Advisor® New York Municipal Income Fund Class A**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six months ended**<br> **July 31, 2025**<br> **(Unaudited)**  | **Years ended January 31, 2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Selected Per-Share Data**  |  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.30 | $12.40 | $12.28 | $13.19 | $13.75 | $13.71 |
| Income from Investment Operations  |  |  |  |  |  |  |
| Net investment income (loss) A,B | .168  | .331  | .303  | .261  | .248  | .270  |
| Net realized and unrealized gain (loss)  | (.394)  | (.125)  | .108  | (.894)  | (.462)  | .105  |
| Total from investment operations  | (.226)  | .206  | .411  | (.633)  | (.214)  | .375  |
| Distributions from net investment income  | (.154)  | (.305)  | (.291)  | (.260)  | (.248)  | (.270)  |
| Distributions from net realized gain  | -  | (.001)  | -  | (.017)  | (.098)  | (.065)  |
| Total distributions  | (.154)  | (.306)  | (.291)  | (.277)  | (.346)  | (.335)  |
| Net asset value, end of period  | $11.92 | $12.30 | $12.40 | $12.28 | $13.19 | $13.75 |
| **Total Return** C,D,E | (1.84)% <br>| 1.69%  | 3.45%  | (4.75)%  | (1.61)%  | 2.81%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |  |
| Expenses before reductions  | .77% H | .76%  | .78%  | .78%  | .77%  | .78%  |
| Expenses net of fee waivers, if any  | .77% H<br>| .76%  | .77%  | .78%  | .77%  | .78%  |
| Expenses net of all reductions, if any  | .77% H | .76%  | .77%  | .78%  | .77%  | .78%  |
| Net investment income (loss)  | 2.80% H | 2.68%  | 2.51%  | 2.14%  | 1.81%  | 2.01%  |
| **Supplemental Data** |  |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $27871 | $29578 | $31611 | $34470 | $41356 | $42840 |
| Portfolio turnover rate I | 14% H<br>| 13%  | 15%  | 17%  | 16%  | 16%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

F*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

G*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

H*Annualized.*

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Fidelity Advisor® New York Municipal Income Fund Class M**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six months ended**<br> **July 31, 2025**<br> **(Unaudited)**  | **Years ended January 31, 2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Selected Per-Share Data**  |  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.31 | $12.41 | $12.29 | $13.21 | $13.76 | $13.73 |
| Income from Investment Operations  |  |  |  |  |  |  |
| Net investment income (loss) A,B | .171  | .336  | .309  | .268  | .254  | .275  |
| Net realized and unrealized gain (loss)  | (.394)  | (.124)  | .108  | (.904)  | (.452)  | .095  |
| Total from investment operations  | (.223)  | .212  | .417  | (.636)  | (.198)  | .370  |
| Distributions from net investment income  | (.157)  | (.311)  | (.297)  | (.267)  | (.254)  | (.275)  |
| Distributions from net realized gain  | -  | (.001)  | -  | (.017)  | (.098)  | (.065)  |
| Total distributions  | (.157)  | (.312)  | (.297)  | (.284)  | (.352)  | (.340)  |
| Net asset value, end of period  | $11.93 | $12.31 | $12.41 | $12.29 | $13.21 | $13.76 |
| **Total Return** C,D,E | (1.82)% <br>| 1.73%  | 3.50%  | (4.77)%  | (1.50)%  | 2.77%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |  |
| Expenses before reductions  | .73% H | .72%  | .73%  | .72%  | .74%  | .75%  |
| Expenses net of fee waivers, if any  | .73% H<br>| .71%  | .73%  | .72%  | .73%  | .75%  |
| Expenses net of all reductions, if any  | .73% H | .71%  | .73%  | .72%  | .73%  | .75%  |
| Net investment income (loss)  | 2.84% H | 2.72%  | 2.56%  | 2.20%  | 1.85%  | 2.05%  |
| **Supplemental Data** |  |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $3260 | $4069 | $4222 | $4305 | $6308 | $6595 |
| Portfolio turnover rate I | 14% H<br>| 13%  | 15%  | 17%  | 16%  | 16%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

F*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

G*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

H*Annualized.*

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Fidelity Advisor® New York Municipal Income Fund Class C**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six months ended**<br> **July 31, 2025**<br> **(Unaudited)**  | **Years ended January 31, 2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Selected Per-Share Data**  |  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.30 | $12.40 | $12.28 | $13.19 | $13.75 | $13.71 |
| Income from Investment Operations  |  |  |  |  |  |  |
| Net investment income (loss) A,B | .126  | .245  | .219  | .175  | .148  | .173  |
| Net realized and unrealized gain (loss)  | (.394)  | (.125)  | .108  | (.893)  | (.461)  | .105  |
| Total from investment operations  | (.268)  | .120  | .327  | (.718)  | (.313)  | .278  |
| Distributions from net investment income  | (.112)  | (.219)  | (.207)  | (.175)  | (.149)  | (.173)  |
| Distributions from net realized gain  | -  | (.001)  | -  | (.017)  | (.098)  | (.065)  |
| Total distributions  | (.112)  | (.220)  | (.207)  | (.192)  | (.247)  | (.238)  |
| Net asset value, end of period  | $11.92 | $12.30 | $12.40 | $12.28 | $13.19 | $13.75 |
| **Total Return** C,D,E | (2.19)% <br>| .98%  | 2.72%  | (5.42)%  | (2.33)%  | 2.07%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |  |  |
| Expenses before reductions  | 1.47% H | 1.45%  | 1.48%  | 1.48%  | 1.50%  | 1.51%  |
| Expenses net of fee waivers, if any  | 1.47% H<br>| 1.45%  | 1.48%  | 1.48%  | 1.50%  | 1.51%  |
| Expenses net of all reductions, if any  | 1.47% H | 1.45%  | 1.48%  | 1.48%  | 1.50%  | 1.51%  |
| Net investment income (loss)  | 2.10% H | 1.98%  | 1.81%  | 1.44%  | 1.08%  | 1.28%  |
| **Supplemental Data** |  |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $3064 | $3285 | $4321 | $6319 | $9483 | $13160 |
| Portfolio turnover rate I | 14% H<br>| 13%  | 15%  | 17%  | 16%  | 16%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

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

F*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

G*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

H*Annualized.*

I*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Fidelity® New York Municipal Income Fund** <br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six months ended**<br> **July 31, 2025**<br> **(Unaudited)**  | **Years ended January 31, 2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Selected Per-Share Data**  |  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.31 | $12.41 | $12.29 | $13.20 | $13.75 | $13.72 |
| Income from Investment Operations  |  |  |  |  |  |  |
| Net investment income (loss) A,B | .187  | .369  | .341  | .300  | .292  | .314  |
| Net realized and unrealized gain (loss)  | (.394)  | (.124)  | .108  | (.894)  | (.452)  | .095  |
| Total from investment operations  | (.207)  | .245  | .449  | (.594)  | (.160)  | .409  |
| Distributions from net investment income  | (.173)  | (.344)  | (.329)  | (.299)  | (.292)  | (.314)  |
| Distributions from net realized gain  | -  | (.001)  | -  | (.017)  | (.098)  | (.065)  |
| Total distributions  | (.173)  | (.345)  | (.329)  | (.316)  | (.390)  | (.379)  |
| Net asset value, end of period  | $11.93 | $12.31 | $12.41 | $12.29 | $13.20 | $13.75 |
| **Total Return** C,D | (1.69)% <br>| 2.00%  | 3.77%  | (4.45)%  | (1.22)%  | 3.07%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |  |
| Expenses before reductions  | .45% G | .45%  | .47%  | .47%  | .46%  | .46%  |
| Expenses net of fee waivers, if any  | .45% G<br>| .45%  | .46%  | .46%  | .46%  | .46%  |
| Expenses net of all reductions, if any  | .45% G | .45%  | .46%  | .46%  | .45%  | .46%  |
| Net investment income (loss)  | 3.12% G | 2.99%  | 2.83%  | 2.45%  | 2.13%  | 2.34%  |
| **Supplemental Data** |  |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $1106106 | $1100893 | $1126404 | $1139757 | $1575526 | $1599902 |
| Portfolio turnover rate H | 14% G<br>| 13%  | 15%  | 17%  | 16%  | 16%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

E*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

F*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

G*Annualized.*

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Fidelity Advisor® New York Municipal Income Fund Class I**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six months ended**<br> **July 31, 2025**<br> **(Unaudited)**  | **Years ended January 31, 2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Selected Per-Share Data**  |  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.29 | $12.39 | $12.27 | $13.18 | $13.74 | $13.70 |
| Income from Investment Operations  |  |  |  |  |  |  |
| Net investment income (loss) A,B | .182  | .359  | .331  | .290  | .281  | .303  |
| Net realized and unrealized gain (loss)  | (.394)  | (.124)  | .108  | (.894)  | (.462)  | .105  |
| Total from investment operations  | (.212)  | .235  | .439  | (.604)  | (.181)  | .408  |
| Distributions from net investment income  | (.168)  | (.334)  | (.319)  | (.289)  | (.281)  | (.303)  |
| Distributions from net realized gain  | -  | (.001)  | -  | (.017)  | (.098)  | (.065)  |
| Total distributions  | (.168)  | (.335)  | (.319)  | (.306)  | (.379)  | (.368)  |
| Net asset value, end of period  | $11.91 | $12.29 | $12.39 | $12.27 | $13.18 | $13.74 |
| **Total Return** C,D | (1.73)% <br>| 1.92%  | 3.69%  | (4.53)%  | (1.38)%  | 3.07%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |  |
| Expenses before reductions  | .54% G | .53%  | .55%  | .54%  | .54%  | .53%  |
| Expenses net of fee waivers, if any  | .54% G<br>| .53%  | .54%  | .54%  | .53%  | .53%  |
| Expenses net of all reductions, if any  | .54% G | .53%  | .54%  | .54%  | .53%  | .53%  |
| Net investment income (loss)  | 3.04% G | 2.91%  | 2.75%  | 2.38%  | 2.05%  | 2.26%  |
| **Supplemental Data** |  |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $39082 | $42008 | $45211 | $39893 | $52355 | $54935 |
| Portfolio turnover rate H | 14% G<br>| 13%  | 15%  | 17%  | 16%  | 16%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

E*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

F*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

G*Annualized.*

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Fidelity Advisor® New York Municipal Income Fund Class Z**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six months ended**<br> **July 31, 2025**<br> **(Unaudited)**  | **Years ended January 31, 2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Selected Per-Share Data**  |  |  |  |  |  |  |
| Net asset value, beginning of period  | $12.29 | $12.39 | $12.27 | $13.18 | $13.74 | $13.70 |
| Income from Investment Operations  |  |  |  |  |  |  |
| Net investment income (loss) A,B | .188  | .371  | .344  | .303  | .295  | .317  |
| Net realized and unrealized gain (loss)  | (.393)  | (.123)  | .109  | (.894)  | (.461)  | .105  |
| Total from investment operations  | (.205)  | .248  | .453  | (.591)  | (.166)  | .422  |
| Distributions from net investment income  | (.175)  | (.347)  | (.333)  | (.302)  | (.296)  | (.317)  |
| Distributions from net realized gain  | -  | (.001)  | -  | (.017)  | (.098)  | (.065)  |
| Total distributions  | (.175)  | (.348)  | (.333)  | (.319)  | (.394)  | (.382)  |
| Net asset value, end of period  | $11.91 | $12.29 | $12.39 | $12.27 | $13.18 | $13.74 |
| **Total Return** C,D | (1.68)% <br>| 2.03%  | 3.81%  | (4.43)%  | (1.27)%  | 3.17%  |
| **Ratios to Average Net Assets** B,E,F |  |  |  |  |  |  |
| Expenses before reductions  | .42% G | .42%  | .43%  | .43%  | .43%  | .43%  |
| Expenses net of fee waivers, if any  | .42% G<br>| .42%  | .43%  | .43%  | .42%  | .43%  |
| Expenses net of all reductions, if any  | .42% G | .42%  | .43%  | .43%  | .42%  | .43%  |
| Net investment income (loss)  | 3.15% G | 3.01%  | 2.86%  | 2.49%  | 2.16%  | 2.36%  |
| **Supplemental Data** |  |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $39397 | $35135 | $22982 | $13067 | $19898 | $8785 |
| Portfolio turnover rate H | 14% G<br>| 13%  | 15%  | 17%  | 16%  | 16%  |

---

A*Calculated based on average shares outstanding during the period.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

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

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

E*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

F*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

G*Annualized.*

H*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Notes to Financial Statements** **(Unaudited)**

For the period ended July 31, 2025

**1. Organization.**

Fidelity New York Municipal Income Fund (the Fund) is a non-diversified fund of Fidelity New York Municipal Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Class A, Class M, Class C, New York Municipal Income, Class I and Class Z shares, each of which has equal rights as to assets and voting privileges. Class A, Class M, Class C, Class I and Class Z are Fidelity Advisor classes. Each class has exclusive voting rights with respect to matters that affect that class. Class C shares will automatically convert to Class A shares after a holding period of eight years from the initial date of purchase, with certain exceptions. The Fund may be affected by economic and political developments in the state of New York.

**2. Investments in Fidelity Central Funds.**

Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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% |

---

*A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.* 

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission website or upon request.

**3. Significant Accounting Policies.**

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 *Financial Services - Investment Companies*. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. The Fund operates as a single operating segment. The Fund's income, expenses, assets, and performance are regularly monitored and assessed as a whole by the investment adviser and other individuals responsible for oversight functions of the Trust, using the information presented in the financial statements and financial highlights. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of the Fund:

**Investment Valuation.** Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has 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 Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - 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 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 services or from brokers who make markets in such securities. Municipal securities 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.

Investments in open-end mutual funds, including the Fidelity Central 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. The aggregate value of investments by input level as of July 31, 2025 is included at the end of the Fund's Schedule of Investments.

**Investment Transactions and Income.** For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

**Class Allocations and Expenses.** Investment income, realized and unrealized capital gains and losses, common expenses of a fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of a fund. Each class differs with respect to transfer agent and distribution and service plan fees incurred, as applicable. Certain expense reductions may also differ by class, if applicable. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

**Income Tax Information and Distributions to Shareholders.** Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the ex-dividend date. Income and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to market discount and capital loss carryforwards.

The Fund purchases municipal securities whose interest, in the opinion of the issuer, is free from federal income tax. There is no assurance that the IRS will agree with this opinion. In the event the IRS determines that the issuer does not comply with relevant tax requirements, interest payments from a security could become federally taxable, possibly retroactively to the date the security was issued.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

---

| | |
|:---|:---|
| **Gross unrealized appreciation** | $6610121 |
| **Gross unrealized depreciation** | <u>(69574762)</u> |
| **Net unrealized appreciation (depreciation)** | <u>$(62964641)</u> |
| **Tax cost** | <u>$1275838200</u> |

---

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of prior fiscal period end and is subject to adjustment.

---

| | |
|:---|:---|
| Short-term | $(9660319) |
| Long-term | <u>(30451928)</u> |
| **Total capital loss carryforward** | <u>$(40112247)</u> |

---

**Delayed Delivery Transactions and When-Issued Securities.** During the period, certain Funds transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. Securities purchased on a delayed delivery or when-issued basis are identified as such in the Schedule of Investments. Compensation for interest forgone in the purchase of a delayed delivery or when-issued debt security may be received. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Payables and receivables associated with the purchases and sales of delayed delivery securities having the same coupon, settlement date and broker are offset. Delayed delivery or when-issued securities that have been purchased from and sold to different brokers are reflected as both payables and receivables in the Statement of Assets and Liabilities under the caption "Delayed delivery", as applicable. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.

**Restricted Securities (including Private Placements).** Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities held at period end is included at the end of the Schedule of Investments, if applicable.

**New Accounting Pronouncement.** In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid. The ASU allows for early adoption and amendments should be applied on a prospective basis. Management is currently evaluating the impact of the ASU but does not expect this guidance to materially impact the financial statements.

**4. Purchases and Sales of Investments.**

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

---

| | | |
|:---|:---|:---|
|  | **Purchases ($)** | **Sales ($)** |
| **Fidelity New York Municipal Income Fund** | 130497612 | 82992659 |

---

**5. Fees and Other Transactions with Affiliates.**

**Management Fee.** Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee.

The Fund's management contract incorporates a management fee rate that may vary by class. The investment adviser or an affiliate pays certain expenses of managing and operating the Fund out of each class's management fee. Each class of the Fund pays a management fee to the investment adviser. The management fee is calculated and paid to the investment adviser every month. When determining a class's management fee, a mandate rate is calculated based on the monthly average net assets of a group of funds advised by FMR within a designated asset class. A discount rate is subtracted from the mandate rate once the Fund's monthly average net assets reach a certain level. The mandate rate and discount rate may vary by class. The annual management fee rate for a class of shares of the Fund is the lesser of (1) the class's mandate rate reduced by the class's discount rate (if applicable) or (2) the amount set forth in the following table.

---

| | |
|:---|:---|
|  | **Maximum Management Fee Rate %** |
| **Class A** | .49 |
| **Class M** | .45 |
| **Class C** | .44 |
| **New York Municipal Income** | .43 |
| **Class I** | .51 |
| **Class Z** | .40 |

---

One-twelfth of the management fee rate for a class is applied to the average net assets of the class for the month, giving a dollar amount which is the management fee for the class for that month. A different management fee rate may be applicable to each class of the Fund. The difference between classes is the result of separate arrangements for class-level services and/or waivers of certain expenses. It is not the result of any difference in advisory or custodial fees or other expenses related to the management of the Fund's assets, which do not vary by class. For the reporting period, the total annualized management fee rates were as follows:

---

| | |
|:---|:---|
|  | **Total Management Fee Rate %** |
| **Class A** | .49 |
| **Class M** | .45 |
| **Class C** | .44 |
| **New York Municipal Income** | .43 |
| **Class I** | .51 |
| **Class Z** | .40 |

---

**Distribution and Service Plan Fees.** In accordance with Rule 12b-1 of the 1940 Act, the Fund has adopted separate Distribution and Service Plans for each class of shares. Certain classes pay Fidelity Distributors Company LLC (FDC), an affiliate of the investment adviser, separate Distribution and Service Fees, each of which is based on an annual percentage of each class' average net assets. In addition, FDC may pay financial intermediaries for selling shares of the Fund and providing shareholder support services. For the period, the Distribution and Service Fee rates, total fees and amounts retained by FDC were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Distribution Fee** | **Service Fee** | **Total Fees ($)** | **Retained by FDC ($)** |
| **Class A** | - % | .25% | 35701 | 1352 |
| **Class M** | - % | .25% | 4656 | 155 |
| **Class C** | .75% | .25% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>15775</u> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>2544</u> |
|  |  |  | <u>56132</u> | <u>4051</u> |

---

**Sales Load.** FDC may receive a front-end sales charge of up to 4.00% for selling Class A shares and Class M shares, some of which is paid to financial intermediaries for selling shares of the Fund. Depending on the holding period, FDC may receive contingent deferred sales charges levied on Class A, Class M and Class C redemptions. The deferred sales charges are 1.00% for Class C shares, .75% for certain purchases of Class A shares and .25% for certain purchases of Class M shares.

For the period, sales charge amounts retained by FDC were as follows:

---

| | |
|:---|:---|
|  | **Retained by FDC ($)** |
| **Class A** | 257 |
| **Class M** | 152 |
| **Class CA** | <u>-</u><u>B</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>409</u> |

---

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

*B Amount represents less than five hundred dollars.*

**Interfund Trades.** Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board of Trustees. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note. During the period, there were no interfund trades.

**7. Committed Line of Credit.**

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes.

Commitment fees are charged based on the unused amount of the line of credit at an annual rate of .10%, and then allocated to each participating fund based on its pro-rata portion of the line of credit. The commitment fees are reflected in Miscellaneous expenses on the Statement of Operations, and are listed below.

Interest is charged to a participating fund based on its borrowings at an annual rate of .75% plus the highest of (i) daily SOFR plus a .10% spread adjustment, (ii) Federal Funds Effective Rate, or (iii) Overnight Bank Funding Rate. During the period, there were no borrowings on this line of credit.

The line of credit agreement will expire in March 2026 unless extended or renewed.

---

| | |
|:---|:---|
|  | **Amount ($)** |
| **Fidelity New York Municipal Income Fund** | 579 |

---

**8. Expense Reductions.** 

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. During the period, custodian credits reduced the Fund's expenses by $43.

**9. Distributions to Shareholders.**

Distributions to shareholders of each class were as follows:

---

| | | |
|:---|:---|:---|
|  | **Six months ended** <br> **July 31, 2025** | **Year ended**<br> **January 31, 2025** |
| **Fidelity New York Municipal Income Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Class A | $364492 | $756570 |
| Class M | 48203 | 102764 |
| Class C | 29225 | 68758 |
| New York Municipal Income | 15647134 | 31096475 |
| Class I | 557962 | 1212739 |
| Class Z | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>500227</u> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>792516</u> |
| Total  | <u>$17147243</u> | <u>$34029822</u> |

---

**10. Share Transactions.**

Share transactions for each class were as follows and may contain in-kind transactions, automatic conversions between classes or exchanges between affiliated funds:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Dollars** | **Dollars** |
|  | **Six months ended** <br> **July 31, 2025**  | **Year ended**<br> **January 31, 2025** | **Six months ended** <br> **July 31, 2025**  | **Year ended**<br> **January 31, 2025** |
| **Fidelity New York Municipal Income Fund** |  |  |  |  |
| **Class A** |  |  |  |  |
| Shares sold | 60706 | 332877 | $731257 | $4109069 |
| Reinvestment of distributions | 26383 | 53774 | 318309 | 663368 |
| Shares redeemed | <u>(154375)</u> | <u>(530681)</u> | <u>(1863082)</u> | <u>(6559801)</u> |
| Net increase (decrease) | <u>(67286)</u> | <u>(144030)</u> | <u>$(813516)</u> | <u>$(1787364)</u> |
| **Class M** |  |  |  |  |
| Shares sold | 5599 | 28509 | $68561 | $350075 |
| Reinvestment of distributions | 3158 | 6581 | 38135 | 81246 |
| Shares redeemed | <u>(66171)</u> | <u>(44618)</u> | <u>(795707)</u> | <u>(549571)</u> |
| Net increase (decrease) | <u>(57414)</u> | <u>(9528)</u> | <u>$(689011)</u> | <u>$(118250)</u> |
| **Class C** |  |  |  |  |
| Shares sold | 9769 | 70908 | $117483 | $883795 |
| Reinvestment of distributions | 2410 | 5504 | 29067 | 67878 |
| Shares redeemed | <u>(22205)</u> | <u>(157726)</u> | <u>(268006)</u> | <u>(1949872)</u> |
| Net increase (decrease) | <u>(10026)</u> | <u>(81314)</u> | <u>$(121456)</u> | <u>$(998199)</u> |
| **New York Municipal Income** |  |  |  |  |
| Shares sold | 14071187 | 15088018 | $169047060 | $186504262 |
| Reinvestment of distributions | 737475 | 1526945 | 8905593 | 18847232 |
| Shares redeemed | <u>(11546068)</u> | <u>(17931212)</u> | <u>(138699661)</u> | <u>(221342734)</u> |
| Net increase (decrease) | <u>3262594</u> | <u>(1316249)</u> | <u>$39252992</u> | <u>$(15991240)</u> |
| **Class I** |  |  |  |  |
| Shares sold | 641164 | 674890 | $7716152 | $8325990 |
| Reinvestment of distributions | 25917 | 60210 | 312495 | 742226 |
| Shares redeemed | <u>(804738)</u> | <u>(965237)</u> | <u>(9676880)</u> | <u>(11887210)</u> |
| Net increase (decrease) | <u>(137657)</u> | <u>(230137)</u> | <u>$(1648233)</u> | <u>$(2818994)</u> |
| **Class Z** |  |  |  |  |
| Shares sold | 991988 | 1304761 | $11867807 | $16065098 |
| Reinvestment of distributions | 18416 | 30880 | 221872 | 380830 |
| Shares redeemed | <u>(562399)</u> | <u>(331355)</u> | <u>(6784379)</u> | <u>(4107467)</u> |
| Net increase (decrease) | <u>448005</u> | <u>1004286</u> | <u>$5305300</u> | <u>$12338461</u> |

---

**11. Other.**

A fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the fund. In the normal course of business, a fund may also enter into contracts that provide general indemnifications. A fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against a fund. The risk of material loss from such claims is considered remote.

**12. Risk and Uncertainties.**

Many factors affect a fund's performance. Developments that disrupt global economies and financial markets, such as public health emergencies, military conflicts, terrorism, government restrictions, political changes, and environmental disasters, may significantly affect a fund's investment performance. The effects of these developments to a fund will be impacted by the types of securities in which a fund invests, the financial condition, industry, economic sector, and geographic location of an issuer, and a fund's level of investment in the securities of that issuer. Significant concentrations in security types, issuers, industries, sectors, and geographic locations may magnify the factors that affect a fund's performance.

**Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies**

**(Unaudited)**

Note: This is not applicable for any fund included in this document.

**Item 9: Proxy Disclosures for Open-End Management Investment Companies**

**(Unaudited)**

Note: This is not applicable for any fund included in this document.

**Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies**

**(Unaudited)**

Note: This information is disclosed as part of the financial statements for each Fund as part of Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.

**Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract**

**(Unaudited)**

Note: This is not applicable for any fund included in this document.

![](img111947_4.jpg)<br>

1.789717.123 NFY-SANN-0925

Item 8.

<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>

See Item 7.

Item 9.

<u>Proxy Disclosures for Open-End Management Investment Companies</u>

See Item 7.

Item 10.

<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>

See Item 7.

Item 11.

<u>Statement Regarding Basis for Approval of Investment Advisory Contract</u>

See Item 7.

Item 12.

<u>Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies</u>

Not applicable.

Item 13.

<u>Portfolio Managers of Closed-End Management Investment Companies</u>

Not applicable.

Item 14.

<u>Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers</u>

Not applicable.

Item 15.

<u>Submission of Matters to a Vote of Security Holders</u>

There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity New York Municipal Trust's Board of Trustees.

Item 16.

<u>Controls and Procedures</u>

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity New York Municipal Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the 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 17.

<u>Disclosure of Securities Lending Activities for Closed-End Management Investment Companies</u>

Not applicable.

Item 18.

<u>Recovery of Erroneously Awarded Compensation</u>

(a) Not applicable.

(b) Not applicable.

Item 19.

<u>Exhibits</u>

(a) (1) Not applicable.

(a) (2) [Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.](ex99cert.htm)

(a) (3) Not applicable.

(b) [Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.](ex99906cert.htm)

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

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Laura M. Del Prato</u> |
|  | &nbsp;&nbsp; Laura M. Del Prato |
|  | &nbsp;&nbsp; President and Treasurer (Principal Executive Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; September 22, 2025 |

---

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.

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Laura M. Del Prato</u> |
|  | &nbsp;&nbsp; Laura M. Del Prato |
|  | &nbsp;&nbsp; President and Treasurer (Principal Executive Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; September 22, 2025 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Stephanie Caron</u> |
|  | &nbsp;&nbsp; Stephanie Caron |
|  | &nbsp;&nbsp; Chief Financial Officer (Principal Financial Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; September 22, 2025 |

---

## Ex-99.Cert

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<u>Exhibit EX-99.CERT</u>

I, Laura M. Del Prato, certify that:

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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

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

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

Date:

September 22, 2025

---

| |
|:---|
| &nbsp;&nbsp;<u>/s/Laura M. Del Prato</u> |
| &nbsp;&nbsp;Laura M. Del Prato |
| &nbsp;&nbsp;President and Treasurer (Principal Executive Officer) |

---

I, Stephanie Caron, certify that:

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; b.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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

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

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

Date:

September 22, 2025

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| |
|:---|
| &nbsp;&nbsp;<u>/s/Stephanie Caron</u> |
| &nbsp;&nbsp;Stephanie Caron |
| &nbsp;&nbsp;Chief Financial Officer (Principal Financial Officer) |

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## Exhibit 99.906

<u>Exhibit EX-99.906CERT</u>

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

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

&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust as of, and for, the periods presented in the Report.

Dated: September 22, 2025

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| |
|:---|
| &nbsp;&nbsp;<u>/s/Laura M. Del Prato</u> |
| &nbsp;&nbsp;Laura M. Del Prato |
| &nbsp;&nbsp;President and Treasurer (Principal Executive Officer) |

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Dated: September 22, 2025

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| |
|:---|
| &nbsp;&nbsp;<u>/s/Stephanie Caron</u> |
| &nbsp;&nbsp;Stephanie Caron |
| &nbsp;&nbsp;Chief Financial Officer (Principal Financial Officer) |

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

<br>