About FKNQX
Franklin New York Intermediate‑Term Tax‑Free Income Fund Class A is a municipal bond mutual fund focused on generating income that is exempt from regular federal income taxes as well as New York State and New York City personal income taxes. According to the sponsor, the strategy invests primarily in investment‑grade New York municipal securities with intermediate maturities, aiming to balance tax‑advantaged income with interest‑rate sensitivity typical of the intermediate segment. The fund targets bonds financing essential public projects and services across New York, such as infrastructure, education, healthcare, and transportation, reflecting the state’s diverse municipal issuer base. With a mandate centered on tax‑exempt income for New York residents, it plays a specialized role in the municipal bond market, offering state‑specific exposure and potential diversification versus taxable fixed income. Third‑party snapshots highlight core characteristics of the share class, including assets under management, an expense ratio framework, and a standard minimum initial investment, underscoring its positioning as a mainstream, professionally managed option within state‑specific muni categories. The fund is part of a broader lineup that includes multiple share classes tailored to different fee and distribution preferences.
Fund Family Franklin Templeton Investments
Category Muni New York Intermediate
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FKNQX
Share Class Class A
Index Bloomberg New York TaxExempt Muni Bond TR
FKNQX had a total return of 5.30% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.10%.
