Franklin NY Tax Free Income R6 (FKTJX)
| Fund Assets | 2.63B |
| Expense Ratio | 0.49% |
| Min. Investment | $1,000,000 |
| Turnover | 19.14% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.67% |
| Dividend Growth | 4.82% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.49 |
| YTD Return | -3.73% |
| 1-Year Return | -2.84% |
| 5-Year Return | -3.62% |
| 52-Week Low | 9.34 |
| 52-Week High | 10.18 |
| Beta (5Y) | n/a |
| Holdings | 440 |
| Inception Date | Aug 1, 2017 |
About FKTJX
Franklin New York Tax-Free Income Fund Class R6 is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from federal, New York State, and New York City personal income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued by New York State and its local governments and agencies, focusing on preserving capital while delivering steady tax-advantaged income. Its portfolio features a wide array of holdings, including revenue bonds from transportation, housing, and public utility sectors within New York. With over 400 individual bond holdings, the fund targets credit and interest rate risk profiles suited to long-term municipal bond investors. Monthly dividend distributions and a competitive expense ratio position the fund as an efficient option for those seeking consistent, tax-free income, especially New York residents with higher tax liabilities. Established in 2017, Franklin New York Tax-Free Income Fund Class R6 plays a significant role for institutional and retirement-focused investors aiming to maximize after-tax returns through municipal bond exposure in one of the nation’s largest state-specific markets.
Performance
FKTJX had a total return of -2.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.04%.
Top 10 Holdings
14.85% of assets| Name | Symbol | Weight |
|---|---|---|
| LIBERTY N Y DEV CORP REV 5.25% | NY.LBTDEV 5.25 10.01.2035 | 3.89% |
| PORT AUTH N Y & N J 5% | NY.PORTRN 5 09.01.2048 | 1.60% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% | NY.NYSHGR 5 07.01.2049 | 1.41% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% | NY.NYCUTL 5 06.15.2046 | 1.39% |
| PUBLIC FIN AUTH WIS MULTIFAMILY HSG REV 0% | WI.PUBMFH 0 12.01.2045 | 1.24% |
| NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 4% | NY.NYCHSG 4 11.01.2048 | 1.20% |
| LIBERTY N Y DEV CORP REV 5.5% | NY.LBTDEV 5.5 10.01.2037 | 1.17% |
| METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5% | NY.MTATRN 5 11.15.2050 | 1.00% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25% | NY.NYCUTL 5.25 06.15.2055 | 0.99% |
| NEW YORK ST TWY AUTH ST PERS INCOME TAX REV 5% | NY.NYSTRN 5 03.15.2048 | 0.96% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03005 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0282 | Jun 30, 2025 |
| May 30, 2025 | $0.03139 | May 30, 2025 |
| Apr 30, 2025 | $0.0292 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02841 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0263 | Feb 28, 2025 |