FKNRX: Franklin NY Intermediate T/F Income R6

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FKNRX Franklin NY Intermediate T/F Income R6


Profile

FKNRX - Profile

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $916 M
  • Holdings in Top 10 21.2%

52 WEEK LOW AND HIGH

$11.70
$10.74
$12.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.12%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.74%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin New York Intermediate Tax-Free Income Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Aug 01, 2017
  • Shares Outstanding
    7155565
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Pomeroy

Fund Description

Under normal market conditions, the fund invests at least 80% of its total assets in securities that pay interest free from federal income taxes, including the federal alternative minimum tax, and from New York State personal income taxes. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the fund's total assets may be invested in securities that pay interest subject to federal or state income taxes.


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Categories

Performance

FKNRX - Performance

Return Ranking - Trailing

Period FKNRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -5.2% 1.8% 26.49%
1 Yr 0.1% -5.0% 4.5% 39.33%
3 Yr N/A* -1.7% 3.1% 15.49%
5 Yr N/A* -1.2% 2.7% 12.23%
10 Yr N/A* -0.7% 1.1% 6.48%

* Annualized

Return Ranking - Calendar

Period FKNRX Return Category Return Low Category Return High Rank in Category (%)
2019 3.4% 2.2% 9.3% 87.16%
2018 -2.2% -6.6% 5.2% 33.33%
2017 N/A -2.0% 4.3% N/A
2016 N/A -6.3% 0.0% N/A
2015 N/A -4.4% 1.1% N/A

Total Return Ranking - Trailing

Period FKNRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -5.2% 1.8% 26.49%
1 Yr 0.1% -5.0% 4.5% 39.33%
3 Yr N/A* -1.7% 3.1% 11.97%
5 Yr N/A* -1.2% 2.7% 10.07%
10 Yr N/A* -0.7% 2.9% 5.56%

* Annualized

Total Return Ranking - Calendar

Period FKNRX Return Category Return Low Category Return High Rank in Category (%)
2019 3.4% 2.2% 9.3% 87.16%
2018 -2.2% -6.6% 5.2% 39.72%
2017 N/A -2.0% 4.3% N/A
2016 N/A -6.3% 0.9% N/A
2015 N/A -4.4% 2.1% N/A

NAV & Total Return History


Holdings

FKNRX - Holdings

Concentration Analysis

FKNRX Category Low Category High FKNRX % Rank
Net Assets 916 M 37.1 M 5.4 B 26.49%
Number of Holdings 131 48 1209 76.16%
Net Assets in Top 10 195 M -133 M 767 M 19.87%
Weighting of Top 10 21.19% 5.9% 87.0% 29.14%

Top 10 Holdings

  1. METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 0% 4.86%
  2. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY MTG REV 2.1% 2.33%
  3. SUFFOLK CNTY N Y WTR AUTH WTRWKS REV 3.25% 2.03%
  4. PORT AUTH N Y & N J 5% 2.03%
  5. LONG IS PWR AUTH N Y ELEC SYS REV 4% 1.96%
  6. LIBERTY N Y DEV CORP REV 5.25% 1.92%
  7. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 1.64%
  8. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4% 1.50%
  9. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 1.50%
  10. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 1.42%

Asset Allocation

Weighting Return Low Return High FKNRX % Rank
Bonds
100.29% 86.13% 150.13% 14.57%
Stocks
0.00% 0.00% 0.00% 74.83%
Preferred Stocks
0.00% 0.00% 0.00% 74.83%
Other
0.00% 0.00% 1.96% 75.50%
Convertible Bonds
0.00% 0.00% 0.00% 74.83%
Cash
-0.29% -50.13% 13.88% 88.74%

Bond Sector Breakdown

Weighting Return Low Return High FKNRX % Rank
Municipal
100.00% 86.02% 100.00% 18.54%
Derivative
0.00% 0.00% 0.00% 74.83%
Cash & Equivalents
0.00% 0.00% 13.98% 94.04%
Securitized
0.00% 0.00% 0.00% 74.83%
Corporate
0.00% 0.00% 2.17% 80.13%
Government
0.00% -0.01% 5.97% 74.83%

Bond Geographic Breakdown

Weighting Return Low Return High FKNRX % Rank
US
100.29% 83.52% 144.44% 5.30%
Non US
0.00% 0.00% 17.56% 96.69%

Expenses

FKNRX - Expenses

Operational Fees

FKNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.09% 3.53% 90.67%
Management Fee 0.48% 0.08% 0.70% 70.86%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.32% 75.61%

Sales Fees

FKNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FKNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

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.

FKNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.12% 2.00% 114.00% 38.41%

Distributions

FKNRX - Distributions

Dividend Yield Analysis

FKNRX Category Low Category High FKNRX % Rank
Dividend Yield 0.23% 0.00% 0.80% 7.95%

Dividend Distribution Analysis

FKNRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FKNRX Category Low Category High FKNRX % Rank
Net Income Ratio 2.74% 1.28% 6.06% 50.67%

Capital Gain Distribution Analysis

FKNRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FKNRX - Fund Manager Analysis

Managers

John Pomeroy


Start Date

Tenure

Tenure Rank

Sep 21, 1992

27.79

27.8%

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

James Conn


Start Date

Tenure

Tenure Rank

Dec 01, 1999

20.59

20.6%

Mr. Conn is a senior 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. Mr. Conn holds the Chartered Financial Analyst designation.

Nicholas Bucklin


Start Date

Tenure

Tenure Rank

Mar 29, 2019

1.26

1.3%

Nicholas Bucklin is a Vice President and Portfolio Manager in the Municipal Bond department. He is a co-Portfolio Manager for the Franklin Massachusetts, Minnesota, Ohio, New York Intermediate, and Federal Limited Term Tax-Free Income Funds. Nick is also a lead Portfolio Manager for Franklin Separately Managed Accounts and a member of the investment committee for the Franklin Municipal SMA strategy. Nick also manages one of the firm's actively managed municipal bond exchange traded funds (ETFs). Mr. Bucklin joined Franklin Templeton in 2008. He holds an MBA from UC Berkeley, Haas School of Business (2016) and a B.A. degree in history from Boston College. He is a Chartered Financial Analyst (CFA) charterholder, a member of the CFA Institute, and a member of the CFA Society of San Francisco. He is also a member of the National Federation of Municipal Analysts and the Municipal Bond Club of San Francisco.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 30.52 7.76 8.13