FNYTX: Franklin NY Tax Free Income A1

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FNYTX Franklin NY Tax Free Income A1

  • Fund
  • FNYTX
  • Price as of: Jan 17, 2020
  • $11.27
    - $0.01 - 0.09%

Profile

FNYTX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $3.91 B
  • Holdings in Top 10 15.0%

52 WEEK LOW AND HIGH

$11.27
$10.73
$11.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.63%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 19.78%

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

Fund Classification


Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.24%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin New York Tax Free Income Fund Class A1
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Sep 13, 1982
  • Shares Outstanding
    273699150
  • 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.


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Categories

Performance

FNYTX - Performance

Return Ranking - Trailing

Period FNYTX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% 0.0% 1.8% 55.48%
1 Yr 4.9% 2.8% 13.1% 56.49%
3 Yr 0.2%* 0.1% 8.6% 97.14%
5 Yr -0.9%* -1.2% 6.7% 97.81%
10 Yr -0.3%* -0.4% 6.3% 96.26%

* Annualized

Return Ranking - Calendar

Period FNYTX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% 2.2% 9.3% 69.08%
2018 -2.9% -6.6% 5.4% 68.97%
2017 -1.0% -2.0% 4.3% 95.59%
2016 -2.6% -6.3% 0.0% 17.91%
2015 -2.0% -4.4% 1.1% 94.74%

Total Return Ranking - Trailing

Period FNYTX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% 0.0% 1.8% 55.48%
1 Yr 5.5% 1.9% 13.1% 37.66%
3 Yr 2.6%* 0.1% 8.6% 20.00%
5 Yr 1.9%* -1.2% 6.7% 14.60%
10 Yr 3.1%* -0.4% 6.3% 13.08%

* Annualized

Total Return Ranking - Calendar

Period FNYTX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% 2.2% 9.9% 29.61%
2018 0.4% -6.6% 5.2% 8.28%
2017 2.5% -2.0% 4.3% 14.71%
2016 0.9% -6.3% 0.9% 1.49%
2015 1.5% -4.4% 2.1% 2.26%

NAV & Total Return History


Holdings

FNYTX - Holdings

Concentration Analysis

FNYTX Category Low Category High FNYTX % Rank
Net Assets 3.91 B 37 M 5.49 B 5.81%
Number of Holdings 316 48 1163 24.52%
Net Assets in Top 10 585 M -127 M 820 M 4.52%
Weighting of Top 10 14.96% 6.0% 83.0% 72.90%

Top 10 Holdings

  1. LIBERTY N Y DEV CORP REV 5.25% 3.04%
  2. NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 1.62%
  3. NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4% 1.43%
  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% 1.36%
  6. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 1.28%
  7. NEW YORK ST TWY AUTH GEN REV 5% 1.27%
  8. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.27%
  9. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.18%
  10. TROY N Y CAP RESOURCE CORP REV 5.12% 1.13%

Asset Allocation

Weighting Return Low Return High FNYTX % Rank
Bonds
100.37% 89.66% 146.72% 10.97%
Stocks
0.00% 0.00% 0.00% 49.68%
Preferred Stocks
0.00% 0.00% 0.00% 49.68%
Other
0.00% -0.02% 2.49% 52.26%
Convertible Bonds
0.00% 0.00% 0.00% 49.68%
Cash
-0.37% -46.72% 10.33% 87.74%

Bond Sector Breakdown

Weighting Return Low Return High FNYTX % Rank
Municipal
100.00% 88.62% 100.57% 16.13%
Derivative
0.00% 0.00% 0.00% 49.68%
Cash & Equivalents
0.00% -0.18% 11.38% 81.94%
Securitized
0.00% 0.00% 0.00% 49.68%
Corporate
0.00% -0.39% 2.09% 54.84%
Government
0.00% -0.01% 0.19% 53.55%

Bond Geographic Breakdown

Weighting Return Low Return High FNYTX % Rank
US
99.74% 81.24% 141.24% 16.13%
Non US
0.63% 0.00% 18.23% 61.29%

Expenses

FNYTX - Expenses

Operational Fees

FNYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.09% 3.22% 77.78%
Management Fee 0.46% 0.08% 0.70% 42.58%
12b-1 Fee 0.10% 0.00% 1.00% 18.29%
Administrative Fee 0.15% 0.01% 0.32% 65.85%

Sales Fees

FNYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 4.75% 63.16%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FNYTX 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.

FNYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.78% 6.00% 114.00% 49.03%

Distributions

FNYTX - Distributions

Dividend Yield Analysis

FNYTX Category Low Category High FNYTX % Rank
Dividend Yield 0.75% 0.00% 17155.10% 45.16%

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 3.24% 1.07% 6.64% 33.99%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FNYTX - Fund Manager Analysis

Managers

John Pomeroy


Start Date

Tenure

Tenure Rank

Dec 31, 1989

30.02

30.0%

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 Conn


Start Date

Tenure

Tenure Rank

Dec 31, 1999

20.01

20.0%

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


Start Date

Tenure

Tenure Rank

Oct 01, 2016

3.25

3.3%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.24 30.02 7.96 7.64