Franklin NY Tax Free Income Adv (FNYAX)
| Fund Assets | 2.63B |
| Expense Ratio | 0.50% |
| Min. Investment | $1,000 |
| Turnover | 19.14% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.63% |
| Dividend Growth | 4.05% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.50 |
| YTD Return | -3.35% |
| 1-Year Return | -2.86% |
| 5-Year Return | -3.30% |
| 52-Week Low | 9.34 |
| 52-Week High | 10.18 |
| Beta (5Y) | n/a |
| Holdings | 440 |
| Inception Date | Oct 1, 2001 |
About FNYAX
Franklin New York Tax-Free Income Fund Advisor Class is a municipal bond mutual fund designed to provide investors with a high level of income exempt from federal, New York State, and New York City personal income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued by New York state and local governments, as well as qualifying agencies, making it especially appealing for residents seeking tax-advantaged income within the state. With a focus on long-term municipal bonds, the fund targets portfolios that typically have durations exceeding six years or average maturities over twelve years, aligning it with the "Muni New York Long" category. The fund distributes income to shareholders on a monthly basis and emphasizes capital preservation alongside tax efficiency. By offering exposure to a wide range of New York municipal debt, Franklin New York Tax-Free Income Fund Advisor Class plays a specialized role in diversified investment portfolios for individuals seeking to manage federal and state tax liabilities through municipal fixed income investments.
Performance
FNYAX had a total return of -2.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.99%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FEMIX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class I | 0.52% |
| FNMAX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class A | 0.75% |
| FTFMX | Fidelity | Fidelity New York Municipal Income Fund | 0.44% |
| FNYPX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class M | 0.71% |
| FNYCX | Fidelity | Fidelity Advisor NY Municipal Inc C | 1.45% |
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 | $0.02972 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02789 | Jun 30, 2025 |
| May 30, 2025 | $0.03103 | May 30, 2025 |
| Apr 30, 2025 | $0.02885 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02807 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02601 | Feb 28, 2025 |