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FNYTX Franklin NY Tax Free Income A1

  • Fund
  • FNYTX
  • Price as of: Jul 19, 2019
  • $11.13 - $0.00 - 0.00%
  • Category
  • Single State Municipal Bonds

FNYTX - Profile

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return -1.5%
  • 5 Yr Annualized Return -0.7%
  • Net Assets $3.96 B
  • Holdings in Top 10 14.7%

52 WEEK LOW AND HIGH

$11.13
$10.56
$11.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 10.58%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Sep 07, 2018

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 4.4%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.33%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 284691810
  • 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 (%)
YTD 3.5% -3.5% 8.2% 44.06%
1 Yr 2.7% -5.8% 7.5% 52.75%
3 Yr -1.5%* -2.2% 2.6% 93.20%
5 Yr -0.7%* -1.1% 2.3% 97.90%
10 Yr -0.2%* -1.1% 3.6% 97.81%

* Annualized


Return Ranking - Calendar

Period FNYTX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.9% -7.2% 11.0% 83.46%
2017 -1.0% -10.1% 6.8% 94.09%
2016 -2.6% -4.9% 0.0% 35.82%
2015 -2.0% -5.6% 1.8% 95.64%
2014 5.1% -34.8% 15.6% 61.71%

Total Return Ranking - Trailing

Period FNYTX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -3.5% 8.2% 10.22%
1 Yr 4.9% -5.8% 7.5% 4.48%
3 Yr 1.5%* -2.2% 2.6% 2.44%
5 Yr 2.5%* -1.1% 4.3% 1.71%
10 Yr 3.5%* -1.1% 5.6% 2.02%

* Annualized


Total Return Ranking - Calendar

Period FNYTX Return Category Return Low Category Return High Rank in Category (%)
2018 0.4% -7.2% 11.0% 5.26%
2017 2.5% -10.1% 6.9% 16.69%
2016 0.9% -4.9% 1.0% 0.39%
2015 1.5% -5.6% 4.0% 3.59%
2014 9.3% -34.8% 16.3% 4.47%

NAV & Total Return History

FNYTX - Holdings

Concentration Analysis

FNYTX Category Low Category High FNYTX % Rank
Net Assets 3.96 B 6.42 M 20.6 B 2.04%
Number of Holdings 317 31 4231 15.20%
Net Assets in Top 10 582 M 261 K 2.92 B 1.02%
Weighting of Top 10 14.68% 2.5% 57.1% 83.65%

Top 10 Holdings

  1. LIBERTY N Y DEV CORP REV 5.25% 2.92%

  2. METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5% 1.64%

  3. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 1.56%

  4. NEW YORK LIBERTY DEV CORP LIBERTY REV 5.25% 1.38%

  5. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 4% 1.32%

  6. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 1.27%

  7. NEW YORK ST TWY AUTH GEN REV 5% 1.25%

  8. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.15%

  9. TROY N Y CAP RESOURCE CORP REV 5.12% 1.13%

  10. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 1.07%


Asset Allocation

Weighting Return Low Return High FNYTX % Rank
Bonds
100.62% -0.60% 102.82% 8.43%
Stocks
0.00% 0.00% 0.28% 80.59%
Preferred Stocks
0.00% 0.00% 0.00% 80.46%
Other
0.00% -2.22% 8.43% 80.20%
Convertible Bonds
0.00% 0.00% 0.00% 80.46%
Cash
-0.62% -2.82% 92.17% 91.70%

Bond Sector Breakdown

Weighting Return Low Return High FNYTX % Rank
Municipal
100.62% 0.00% 103.29% 9.32%
Derivative
0.00% -0.20% 0.00% 80.33%
Securitized
0.00% 0.00% 0.00% 80.46%
Corporate
0.00% 0.00% 4.72% 81.74%
Government
0.00% -12.23% 5.93% 73.69%
Cash & Equivalents
-0.62% -2.82% 92.17% 92.21%

Bond Geographic Breakdown

Weighting Return Low Return High FNYTX % Rank
US
99.98% -0.60% 102.38% 11.24%
Non US
0.64% 0.00% 22.25% 63.35%

FNYTX - Expenses

Operational Fees

FNYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.09% 2.11% 80.59%
Management Fee 0.45% 0.08% 1.30% 45.08%
12b-1 Fee 0.10% 0.00% 1.00% 21.84%
Administrative Fee 0.15% 0.00% 0.33% 77.94%

Sales Fees

FNYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 1.00% 5.75% 62.55%
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

FNYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 10.58% 3.00% 293.00% 19.12%

FNYTX - Distributions

Dividend Yield Analysis

FNYTX Category Low Category High FNYTX % Rank
Dividend Yield 0.02% 0.00% 3.06% 25.03%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FNYTX Category Low Category High FNYTX % Rank
Net Income Ratio 3.33% -0.21% 4.62% 17.62%

Capital Gain Distribution Analysis

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

FNYTX - Managers

John Pomeroy

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1989

29.52

29.5%

Mr. 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 Patrick Conn

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1999

19.51

19.5%

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.


John Bonelli

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2016

2.75

2.8%

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


Tenure Analysis

Category Low

0.0

Category High

39.77

Category Average

9.01

Category Mode

1.5