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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$10.01

$3.1 B

3.16%

$0.32

0.63%

Vitals

YTD Return

3.3%

1 yr return

-8.7%

3 Yr Avg Return

-4.1%

5 Yr Avg Return

-1.8%

Net Assets

$3.1 B

Holdings in Top 10

15.9%

52 WEEK LOW AND HIGH

$10.0
$9.21
$11.01

Expenses

OPERATING FEES

Expense Ratio 0.63%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 11.94%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$10.01

$3.1 B

3.16%

$0.32

0.63%

FNYTX - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return -4.1%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.36%
DIVIDENDS
  • Dividend Yield 3.2%
  • 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
    222995097
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Bonelli

Fund Description

Under normal market conditions, 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. As a non-fundamental policy, the Fund also normally 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. 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 that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay taxable interest.

The Fund may invest in securities of any maturity or duration.

The Fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.

The Fund only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services (or unrated or short-term rated securities of comparable credit quality).

The Fund is a "non-diversified" fund, which means it generally invests a greater portion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund.

The Fund may invest in insured municipal securities. Insured municipal securities are covered by insurance policies that guarantee the timely payment of principal and interest. The insurance premium costs, however, are typically reflected in a lower yield and/or higher price for the insured bond. It is important to note that insurance does not guarantee the market value of an insured security, or the Fund’s share price or distributions, and shares of the Fund are not insured.

Although the investment manager will search for investments across a large number of municipal securities that finance different types of projects, from time to time, based on economic conditions, the Fund may have significant positions in municipal securities that finance similar types of projects.

The investment manager selects securities that it believes will provide the best balance between risk and return within the Fund’s range of allowable investments and typically invests with a long-term time horizon. This means it generally holds securities in the Fund’s portfolio for income purposes, although the investment manager may sell a security at any time if it believes it could help the Fund meet its goal. With a focus on income, individual securities are considered for purchase or sale based on various factors and considerations, including credit profile, risk, structure, pricing, portfolio impact, duration management, restructuring, opportunistic trading and tax loss harvesting opportunities.

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FNYTX - Performance

Return Ranking - Trailing

Period FNYTX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -86.8% 7.5% 12.13%
1 Yr -8.7% -20.9% 15.7% 85.04%
3 Yr -4.1%* -10.2% 52.2% 91.11%
5 Yr -1.8%* -5.1% 29.7% 90.08%
10 Yr -1.9%* -3.2% 13.6% 93.77%

* Annualized

Return Ranking - Calendar

Period FNYTX Return Category Return Low Category Return High Rank in Category (%)
2022 -14.4% -91.1% 101.7% 83.82%
2021 -0.3% -79.2% 102.5% 59.15%
2020 0.7% -66.1% 60.0% 30.74%
2019 1.0% -57.4% 7.6% 45.46%
2018 -0.6% -35.9% 3.2% 65.70%

Total Return Ranking - Trailing

Period FNYTX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -86.8% 7.5% 12.72%
1 Yr -8.7% -20.9% 15.4% 85.11%
3 Yr -4.1%* -10.2% 52.2% 91.36%
5 Yr -1.1%* -5.1% 29.7% 63.86%
10 Yr 0.2%* -3.2% 13.6% 19.32%

* Annualized

Total Return Ranking - Calendar

Period FNYTX Return Category Return Low Category Return High Rank in Category (%)
2022 -14.4% -91.1% 101.7% 83.83%
2021 -0.3% -79.2% 102.5% 59.13%
2020 0.7% -66.1% 60.0% 30.77%
2019 1.2% -57.4% 7.6% 26.33%
2018 0.1% -35.9% 3.2% 8.11%

NAV & Total Return History


FNYTX - Holdings

Concentration Analysis

FNYTX Category Low Category High FNYTX % Rank
Net Assets 3.1 B 2.87 M 73.9 B 11.39%
Number of Holdings 420 1 14000 23.85%
Net Assets in Top 10 493 M -317 M 8.64 B 4.76%
Weighting of Top 10 15.86% 2.4% 100.0% 64.49%

Top 10 Holdings

  1. LIBERTY N Y DEV CORP REV 5.25% 5.25% 3.31%
  2. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 5% 1.83%
  3. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 4% 4% 1.50%
  4. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4% 4% 1.50%
  5. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 5% 1.48%
  6. NEW YORK LIBERTY DEV CORP LIBERTY REV 5.25% 1.41%
  7. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 5% 1.38%
  8. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 5% 1.26%
  9. NEW YORK ST TWY AUTH GEN REV 5% 1.24%
  10. UTILITY DEBT SECURITIZATION AUTH N Y 5% 5% 1.23%

Asset Allocation

Weighting Return Low Return High FNYTX % Rank
Bonds
100.25% 0.00% 150.86% 8.38%
Stocks
0.00% -0.03% 4.63% 65.52%
Preferred Stocks
0.00% -1.79% 0.04% 63.58%
Other
0.00% -13.03% 30.01% 63.95%
Convertible Bonds
0.00% 0.00% 0.93% 63.95%
Cash
-0.24% -50.86% 100.00% 91.66%

Bond Sector Breakdown

Weighting Return Low Return High FNYTX % Rank
Municipal
100.00% 0.00% 100.00% 22.86%
Derivative
0.00% 0.00% 21.68% 63.22%
Cash & Equivalents
0.00% 0.00% 100.00% 91.16%
Securitized
0.00% 0.00% 5.93% 63.90%
Corporate
0.00% 0.00% 9.99% 70.11%
Government
0.00% 0.00% 52.02% 66.58%

Bond Geographic Breakdown

Weighting Return Low Return High FNYTX % Rank
US
100.10% 0.00% 142.23% 3.27%
Non US
0.15% 0.00% 62.14% 58.10%

FNYTX - Expenses

Operational Fees

FNYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.02% 3.60% 41.25%
Management Fee 0.46% 0.00% 1.10% 63.96%
12b-1 Fee 0.10% 0.00% 1.00% 23.09%
Administrative Fee 0.15% 0.01% 0.44% 74.85%

Sales Fees

FNYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.00% 4.90% 61.94%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FNYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

FNYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.94% 0.00% 283.00% 29.90%

FNYTX - Distributions

Dividend Yield Analysis

FNYTX Category Low Category High FNYTX % Rank
Dividend Yield 3.16% 0.00% 35.27% 15.36%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FNYTX Category Low Category High FNYTX % Rank
Net Income Ratio 2.36% -0.53% 24.00% 27.66%

Capital Gain Distribution Analysis

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

Distributions History

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FNYTX - Fund Manager Analysis

Managers

John Bonelli


Start Date

Tenure

Tenure Rank

Oct 01, 2016

5.67

5.7%

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

Michael Conn


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Mr. Conn has been a portfolio manager of Franklin Advisers, Inc since November 2020. He joined Franklin Templeton in 2006.

John Wiley


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.

Christopher Sperry


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.22 1.58