Fidelity New York Municipal Money Market Fund (FNYXX) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Fidelity New York Municipal Money Market Fund (FNYXX) trades at $1.00 with AI Score 46/100 (Grade C). Fidelity New York Municipal Money Market Fund (FNYXX) is a financial services company specializing in asset management. Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for FNYXX: FNYXX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FNYXX against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
FNYXX: the 3 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Fidelity New York Municipal Money Market Fund (FNYXX) Financial Services Profile
Fidelity New York Municipal Money Market Fund (FNYXX) provides a tax-advantaged investment option within the asset management sector, focusing on short-term municipal securities. It offers New York residents a liquid and diversified portfolio seeking to preserve capital while generating income exempt from federal and New York state taxes.
What Is the Investment Thesis for FNYXX?
Fidelity New York Municipal Money Market Fund (FNYXX) offers a compelling value proposition for New York residents seeking tax-exempt income and capital preservation. The fund's focus on short-term municipal securities provides liquidity and relative stability compared to longer-term bond funds. Key value drivers include the fund's ability to generate competitive yields within the money market fund space while maintaining a stable NAV. Upcoming catalysts include potential increases in interest rates, which could lead to higher yields for the fund. However, potential risks include credit downgrades of municipal securities held by the fund and changes in tax laws that could reduce the attractiveness of tax-exempt investments. The fund's performance is also sensitive to economic conditions in New York State, with potential for increased credit risk during periods of economic downturn. Investors should carefully consider these factors when evaluating FNYXX as part of their investment portfolio.
Based on FMP financials and quantitative analysis
FNYXX Key Highlights
Focus on short-term municipal securities provides liquidity and relative stability.
- Tax-exempt income for New York residents enhances after-tax returns.
- Managed by Fidelity Investments, a leading global asset manager.
- Aims to maintain a stable net asset value (NAV) of $1.00 per share.
- Performance is influenced by interest rates, credit quality, and economic conditions in New York State.
Who Are FNYXX's Competitors?
FNYXX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SHV iShares 0–1 Year Treasury Bond ETF | $110.27 | +0.01% | $21.0B | 44 |
| ABALX American Funds American Balanced Fund Class A | $41.00 | +0.37% | $292B | 72 |
| BX Blackstone Inc. | $141.41 | -2.54% | $171B | 81 |
| AMFCX American Funds American Mutual Fund | $63.80 | -0.72% | $77.4B | 71 |
| RNNEX American Funds The New Economy Fund Class R-2E | $80.46 | -0.29% | $52.9B | 91 |
| AMP Ameriprise Financial, Inc. | $554.06 | -1.02% | $49.8B | 70 |
| IDDTF AB Industrivärden (publ) | $54.65 | -0.36% | $23.6B | 70 |
| TPG TPG Inc. | $51.57 | -3.03% | $19.8B | 67 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FNYXX's Key Strengths?
Tax-exempt income for New York residents.
- Liquidity and stability.
- Managed by Fidelity Investments.
- Diversified portfolio of short-term municipal securities.
What Are FNYXX's Weaknesses?
Performance is sensitive to interest rate changes.
- Credit risk associated with municipal securities.
- Limited growth potential compared to other asset classes.
- Subject to regulatory oversight.
What Could Drive FNYXX Stock Higher?
Potential increases in interest rates could lead to higher yields for the fund.
- Continued demand for tax-exempt investments from New York residents.
- Fidelity's strong brand reputation and distribution network.
What Are the Key Risks for FNYXX?
Credit downgrades of municipal securities held by the fund.
- Changes in tax laws that could reduce the attractiveness of tax-exempt investments.
- Economic downturn in New York State.
- Interest rate risk, which could negatively impact the fund's performance.
What Are the Growth Opportunities for FNYXX?
- Expansion into new distribution channels: Fidelity could broaden FNYXX's reach by partnering with additional brokerage firms and financial advisors, increasing accessibility for a wider range of investors. This could involve targeted marketing campaigns and educational initiatives to highlight the benefits of tax-exempt investing. The timeline for this expansion could be within the next 1-2 years, potentially increasing assets under management (AUM) by 5-10%.
- Development of new share classes: Fidelity could introduce new share classes with different fee structures to cater to various investor segments, such as institutional investors or high-net-worth individuals. This could involve creating a premium share class with lower expense ratios for larger investments. The timeline for launching new share classes could be within the next year, potentially attracting new investors and increasing AUM.
- Increased focus on sustainable investing: Fidelity could incorporate environmental, social, and governance (ESG) factors into FNYXX's investment process, attracting investors who prioritize sustainable investing. This could involve screening municipal securities based on ESG criteria and promoting the fund as a socially responsible investment option. The timeline for integrating ESG factors could be within the next 6-12 months, potentially enhancing the fund's appeal to environmentally conscious investors.
- Leveraging technology to enhance investor experience: Fidelity could enhance the investor experience by providing online tools and resources that allow investors to easily monitor their investments, access performance data, and receive personalized financial advice. This could involve developing a mobile app or integrating FNYXX into Fidelity's existing online platform. The timeline for implementing these technological enhancements could be within the next year, potentially improving investor satisfaction and retention.
- Strategic partnerships with local New York institutions: Fidelity could form strategic partnerships with local New York institutions, such as hospitals, universities, and non-profit organizations, to offer FNYXX as a retirement savings option for their employees. This could involve developing customized investment solutions and providing financial education programs. The timeline for establishing these partnerships could be within the next 2-3 years, potentially increasing AUM and expanding the fund's investor base.
What Are FNYXX's Competitive Advantages?
- Brand reputation: Fidelity Investments is a well-known and respected brand in the financial services industry.
- Scale: Fidelity's large asset base allows it to achieve economies of scale in managing the fund.
- Expertise: Fidelity has a team of experienced professionals who specialize in municipal finance.
- Distribution network: Fidelity has a wide distribution network, making the fund accessible to a large number of investors.
What Does FNYXX Do?
Fidelity New York Municipal Money Market Fund (FNYXX) is a money market fund managed by Fidelity Investments, a leading global financial services provider. The fund's primary objective is to seek as high a level of current income exempt from federal and New York state income taxes as is consistent with the preservation of capital and liquidity. FNYXX invests primarily in a diversified portfolio of short-term municipal securities, which are debt obligations issued by state and local governments or agencies within New York. These securities typically include municipal notes, bonds, and other short-term obligations. The fund is designed to provide New York residents with a convenient and liquid way to invest in municipal securities, offering the potential for tax-exempt income. As a money market fund, FNYXX aims to maintain a stable net asset value (NAV) of $1.00 per share, although this is not guaranteed. The fund's performance is influenced by factors such as prevailing interest rates, the credit quality of the municipal securities it holds, and the overall economic conditions in New York State. Fidelity Investments leverages its extensive research capabilities and expertise in municipal finance to manage FNYXX, seeking to optimize returns while managing risk. The fund is widely available to individual and institutional investors through various brokerage platforms and financial advisors.
What Products and Services Does FNYXX Offer?
- Invests in a diversified portfolio of short-term municipal securities.
- Seeks to provide current income exempt from federal and New York state income taxes.
- Aims to preserve capital and maintain liquidity.
- Manages the fund's assets in accordance with its investment objective and policies.
- Provides investors with access to a professionally managed money market fund.
- Offers a convenient and liquid way to invest in municipal securities.
How Does FNYXX Make Money?
- Generates revenue through management fees charged as a percentage of assets under management (AUM).
- May earn income from securities lending activities.
- Passes through tax-exempt income to investors.
- Manages expenses associated with operating the fund, such as administrative and custodial fees.
What Industry Does FNYXX Operate In?
The asset management industry is characterized by intense competition, with numerous firms offering a wide range of investment products and services. Money market funds, like FNYXX, compete with other short-term investment options, such as bank deposits and Treasury bills. The demand for municipal money market funds is driven by investors seeking tax-advantaged income and capital preservation. The industry is subject to regulatory oversight, including rules governing fund operations, disclosure requirements, and investment guidelines. Market trends include increasing demand for socially responsible investing and the growing use of technology to enhance investment management processes.
Who Are FNYXX's Key Customers?
- Individual investors seeking tax-exempt income.
- New York residents looking for a liquid and stable investment option.
- Financial advisors seeking to provide clients with tax-advantaged investments.
- Institutional investors seeking short-term municipal exposure.
FNYXX Valuation & Market Position
Relative to its peer group, FNYXX's quantitative score of 46/100 is below the peer average of 72/100.
FNYXX Financials
Bull Case vs Bear Case
Bull Case
- FNYXX is perceived as a safe haven asset, attracting investors seeking stability amidst market volatility, reflecting a flight to quality.
- The fund's focus on New York municipal bonds resonates with investors looking for tax-advantaged income streams, particularly in high-tax states.
- Community sentiment suggests a positive outlook due to the fund's consistent performance and low-risk profile.
- Recent market uncertainty has increased demand for money market funds like FNYXX, viewed as a parking place for capital.
Bear Case
- The fund's returns are inherently limited by its low-risk nature, potentially underperforming during periods of strong economic growth and rising interest rates.
- Changes in New York's municipal bond market could negatively impact the fund's performance, requiring careful monitoring of local economic conditions.
- Community discussions indicate some concern about the fund's sensitivity to interest rate hikes, potentially eroding returns.
- While insider activity is generally limited for money market funds, any significant shifts in holdings could signal underlying concerns about the fund's stability.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FNYXX Latest News
No recent news available for FNYXX.
FNYXX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FNYXX.
Price Targets
Wall Street price target analysis for FNYXX.
FNYXX MoonshotScore
What does this score mean?
The MoonshotScore rates FNYXX 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Fidelity New York Municipal Money Market Fund Financial Services Stock: Key Questions Answered
What does the AI Score mean for FNYXX?
FNYXX holds an AI Score of 46/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Fidelity New York Municipal Money Market Fund (FNYXX) is a financial services company specializing in asset management. It provides investors with access to a diversified portfolio of short-term …
What does Fidelity New York Municipal Money Market Fund do?
Fidelity New York Municipal Money Market Fund (FNYXX) operates as a specialized investment vehicle within the asset management sector. It pools money from various investors and invests it primarily in short-term municipal securities issued by state and local governments or agencies within New York.
What are the main risks for FNYXX?
Fidelity New York Municipal Money Market Fund (FNYXX) is subject to several risks inherent in the financial services sector and the municipal bond market. Credit risk is a primary concern, as the fund invests in municipal securities that could be downgraded or default, leading to losses for investors.
How does Fidelity New York Municipal Money Market Fund make money in financial services?
Fidelity New York Municipal Money Market Fund (FNYXX) generates revenue primarily through management fees. These fees are calculated as a percentage of the fund's average daily net assets. The fund charges these fees to cover the costs of managing the fund's investments, providing administrative services, and covering other operational expenses. The specific fee structure is outlined in the fund's prospectus.
What are the key factors to evaluate for FNYXX?
Fidelity New York Municipal Money Market Fund (FNYXX) holds an AI score of 46/100 (low). Fidelity New York Municipal Money Market Fund (FNYXX) offers a compelling value proposition for New York residents seeking tax-exempt income and capital preservation. Not financial advice.
How frequently does FNYXX data refresh on this page?
FNYXX's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven FNYXX's recent stock price performance?
Fidelity New York Municipal Money Market Fund (FNYXX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Tax-exempt income for New York residents. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider FNYXX overvalued or undervalued right now?
Fidelity New York Municipal Money Market Fund (FNYXX) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research FNYXX before investing?
Before investing in Fidelity New York Municipal Money Market Fund (FNYXX), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and standard investment fund practices.
- Fund performance and market conditions can change rapidly.