About FKNRX
Franklin New York Intermediate-Term Tax-Free Income Fund Class R6 is an actively managed municipal bond mutual fund focused on generating a high level of income that is exempt from regular federal, New York State, and New York City personal income taxes. The fund primarily invests in investment-grade municipal securities issued by New York municipalities and related entities, targeting the intermediate part of the maturity spectrum to balance income generation with interest rate risk. Its mandate centers on credit research and duration management within the New York muni market, seeking diversified exposure across revenue bonds and general obligation bonds tied to sectors such as essential services, transportation, healthcare, and education. As a share class designed for institutional or retirement plans, Class R6 typically features streamlined pricing without distribution fees, aligning the vehicle for cost-sensitive fiduciary platforms. Within the broader municipal bond landscape, the fund offers state-specific tax efficiency for New York residents and serves as a core tax-exempt fixed income allocation for investors aiming to manage after-tax income while maintaining moderate duration risk characteristic of intermediate-term strategies.
Fund Family Franklin Templeton, Inc
Category Muni New York Intermediate
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FKNRX
Share Class Class R6
Index Bloomberg New York TaxExempt Muni Bond TR
FKNRX had a total return of -0.45% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.54%.
