Franklin New York Tax Free Income Fund Advisor Class (FNYAX)
| Fund Assets | 2.65B |
| Expense Ratio | 0.50% |
| Min. Investment | $1,000 |
| Turnover | 19.14% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.52% |
| Dividend Growth | 3.26% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.93 |
| YTD Return | 1.12% |
| 1-Year Return | 4.52% |
| 5-Year Return | 1.35% |
| 52-Week Low | 9.06 |
| 52-Week High | 9.94 |
| Beta (5Y) | n/a |
| Holdings | 448 |
| 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 4.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.32%.
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 New York Municipal Income Fund - Class C | 1.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03039 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03119 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02697 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03162 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02779 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03065 | Aug 29, 2025 |