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FNYTX Franklin NY Tax-Free Income A

  • Fund
  • FNYTX
  • Price as of: Jul 21, 2017
  • $11.18
  • + $0.02
  • + 0.18%
  • Category
  • Single State Municipal Bonds

FNYTX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return -1.1%
  • 5 Yr Annualized Return -1.7%
  • Net Assets $4.78 B
  • Holdings in Top 10 13.6%

52 WEEK LOW AND HIGH

$11.18
$11.08
$11.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.61%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 4.14%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni New York Long

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.59%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin New York Tax Free Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Sep 13, 1982
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager John Pomeroy

Fund Description

The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from New York State personal income taxes. In addition, it invests at least 65% of its total assets, although it generally invests more, in securities that pay interest free from New York City personal income taxes.

FNYTX - Performance

Return Ranking - Trailing

Period FNYTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -22.9% 5.7% 65.37% 5
1 Yr -3.9% -3.5% 11.9% 84.75% 5
3 Yr -1.1% * -0.7% 8.2% 89.08% 5
5 Yr -1.7% * 0.0% 7.1% 90.81% 5
10 Yr -0.4% * -0.2% 5.5% 90.63% 5

* Annualized


Return Ranking - Calendar

Period FNYTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.6% -4.9% 0.6% 26.75% 2
2015 -2.0% -7.9% 7.9% 61.32% 5
2014 5.1% -7.6% 15.6% 45.29% 3
2013 -8.1% -20.2% 6.4% 49.48% 4
2012 2.4% -0.9% 13.5% 54.70% 4

Total Return Ranking - Trailing

Period FNYTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -22.9% 5.7% 65.46% 5
1 Yr -2.8% -8.1% 8.6% 42.83% 3
3 Yr 1.8% * -0.5% 8.2% 34.69% 2
5 Yr 1.6% * -0.2% 7.1% 43.39% 3
10 Yr 4.4% * -0.2% 5.5% 6.78% 1

* Annualized


Total Return Ranking - Calendar

Period FNYTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.7% -4.9% 0.7% 0.10% 1
2015 1.6% -7.9% 7.6% 3.81% 1
2014 10.3% -7.6% 17.8% 2.03% 1
2013 -5.3% -20.2% 6.4% 18.35% 2
2012 7.7% -0.6% 13.5% 2.73% 1

NAV & Total Return History

FNYTX - Holdings

Filings data as of: Mar 31, 2017

Concentration Analysis

FNYTX Category Low Category High FNYTX % Rank Quintile
Net Assets 4.78 B 2.11 M 15.8 B 0.48% 1
Number of Holdings 369 18 3593 3.20% 1
Net Assets in Top 10 656 M -24.6 M 2.28 B 0.29% 1
Weighting of Top 10 13.6% 3.6% 73.5% 32.95% 5

Top 10 Holdings

  1. Liberty N Y Dev Corp Rev Rev Bds 5.25% 2.15%
  2. New York N Y City Transitional Bldg A 5% 1.59%
  3. Port Auth 5% 1.56%
  4. Metropolitan Transn Auth 5% 1.44%
  5. New York St Dorm Auth 5% 1.23%
  6. New York Liberty Dev Corp Libe Rev 5.25% 1.18%
  7. New York St Twy Auth 5% 1.16%
  8. New York N Y City Transitional Bldg A 6% 1.10%
  9. New York N Y City Mun Wtr Fin Wtr And 5% 1.08%
  10. New York St Dorm Auth 0.08% 1.08%

Asset Allocation

Weighting Category Low Category High FNYTX % Rank Quintile
Bonds
98.20% 0.00% 103.11% 13.18% 4
Cash
1.80% -3.11% 99.63% 11.05% 2
Stocks
0.00% 0.00% 0.72% 0.87% 4
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 4
Other
0.00% -0.39% 23.51% 5.81% 4
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 4

Bond Sector Breakdown

Weighting Category Low Category High FNYTX % Rank Quintile
Municipal
98.20% 0.00% 124.34% 12.98% 4
Cash & Equivalents
1.80% -3.11% 99.63% 11.05% 2
Derivative
0.00% -3.14% 0.00% 0.10% 3
Securitized
0.00% 0.00% 0.00% 0.10% 4
Corporate
0.00% 0.00% 5.14% 1.65% 4
Government
0.00% -26.04% 6.53% 6.30% 4

Bond Geographic Breakdown

Weighting Category Low Category High FNYTX % Rank Quintile
US
98.20% 0.00% 103.11% 13.18% 4
Non US
0.00% 0.00% 0.00% 0.10% 4

FNYTX - Expenses

Operational Fees

FNYTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.61% 0.09% 5.19% 15.02% 1
Management Fee 0.45% 0.00% 0.80% 1.94% 3
12b-1 Fee 0.10% 0.00% 1.00% 3.32% 1
Administrative Fee 0.15% 0.00% 0.33% 2.37% 4

Sales Fees

FNYTX Fees (% of AUM) Category Low Category High FNYTX Rank Quintile
Front Load 4.25% 1.00% 5.75% 1.44% 4
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

FNYTX Fees (% of AUM) Category Low Category High FNYTX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FNYTX Fees (% of AUM) Category Low Category High FNYTX Rank Quintile
Turnover 4.14% 0.00% 219.00% 12.09% 1

FNYTX - Distributions

Dividend Yield Analysis

FNYTX Category Low Category High FNYTX % Rank Quintile
Dividend Yield 0.4% 0.00% 0.99% 10.54% 2

Dividend Distribution Analysis

FNYTX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FNYTX Category Low Category High FNYTX % Rank Quintile
Net Income Ratio 3.59% 0.00% 6.13% 7.36% 1

Capital Gain Distribution Analysis

FNYTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

FNYTX - Managers

John Pomeroy

Manager

Start Date

Dec 31, 1989

Tenure

27.52

Tenure Rank

0.5%

Pomeroy is vice president of Franklin Advisers, Inc. He provides research and advice on the purchases and sales of individual securities, and portfolio risk assessment. Pomeroy joined Franklin Templeton Investments in 1986.


James Patrick Conn

Manager

Start Date

Dec 31, 1999

Tenure

17.51

Tenure Rank

2.6%

Conn is a vice president and portfolio manager with Franklin Advisers, Inc, his employer since 1996. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated management requirements. Conn holds the Chartered Financial Analyst designation.


John Bonelli

Manager

Start Date

Oct 01, 2016

Tenure

0.75

Tenure Rank

11.4%

Mr. Bonelli is a Portfolio Manager and Research Analyst of Advisers He joined Franklin Templeton Investments in 2010.


Tenure Analysis

Category Low

0.0

Category High

37.8

Category Average

9.5

Category Mode

2.5