Franklin NY Tax Free Income C (FNYIX)
| Fund Assets | 2.63B |
| Expense Ratio | 1.15% |
| Min. Investment | $1,000 |
| Turnover | 19.14% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.96% |
| Dividend Growth | 5.01% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.47 |
| YTD Return | -3.87% |
| 1-Year Return | -3.37% |
| 5-Year Return | -6.49% |
| 52-Week Low | 9.32 |
| 52-Week High | 10.16 |
| Beta (5Y) | n/a |
| Holdings | 440 |
| Inception Date | May 1, 1995 |
About FNYIX
Franklin New York Tax-Free Income Fund Class C is a municipal bond mutual fund designed to provide investors with tax-exempt income. Its primary objective is to generate as high a level of interest income as possible that is exempt from federal, New York State, and New York City personal income taxes, while seeking to preserve shareholder capital. The fund mainly invests in debt securities issued by New York municipalities and agencies, allocating over 90% of its assets to New York-based securities, with additional exposure to select other U.S. territories and states. The portfolio is diversified across sectors including transportation, special tax, utilities, education, and healthcare. It emphasizes investment-grade credit quality, primarily holding bonds rated AA and A. By distributing income monthly and targeting tax-free yields, this fund plays a significant role for investors seeking to minimize tax liabilities on interest income, especially those residing in New York. Its role in the market is to provide a stable, tax-advantaged stream of income alongside exposure to the municipal fixed income sector.
Performance
FNYIX had a total return of -3.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.07%.
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 NY Municipal Inc I | 0.52% |
| FNMAX | Fidelity | Fidelity Advisor NY Municipal Inc A | 0.75% |
| FTFMX | Fidelity | Fidelity New York Municipal Income Fund | 0.44% |
| FNYPX | Fidelity | Fidelity Advisor NY Municipal Inc 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 | $0.02449 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02298 | Jun 30, 2025 |
| May 30, 2025 | $0.02557 | May 30, 2025 |
| Apr 30, 2025 | $0.02372 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02299 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02106 | Feb 28, 2025 |