Franklin NY Tax Free Income A (FNYQX)
| Fund Assets | 2.63B |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000 |
| Turnover | 19.14% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.25% |
| Dividend Growth | 4.38% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.47 |
| YTD Return | -3.84% |
| 1-Year Return | -3.11% |
| 5-Year Return | -4.88% |
| 52-Week Low | 9.33 |
| 52-Week High | 10.16 |
| Beta (5Y) | n/a |
| Holdings | 440 |
| Inception Date | Sep 10, 2018 |
About FNYQX
Franklin New York Tax-Free Income Fund Class A 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 focuses primarily on investing at least 80% of its assets in securities whose interest payments are not subject to federal income tax, including the alternative minimum tax, as well as applicable state and city taxes for New York residents. It predominantly holds a diversified portfolio of New York municipal bonds, aiming for both income generation and capital preservation. The fund distributes income monthly and is managed with the objective of balancing tax efficiency and prudent credit risk management. Its target audience includes individuals seeking stable, tax-exempt income, particularly those residing in New York. This focus on tax-exempt municipal securities makes it significant for investors who prioritize after-tax returns, while its approach supports infrastructure and development projects across New York State and municipalities.
Performance
FNYQX had a total return of -3.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.90%.
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 | $0.02771 | Jul 31, 2025 |
| Jun 30, 2025 | $0.026 | Jun 30, 2025 |
| May 30, 2025 | $0.02893 | May 30, 2025 |
| Apr 30, 2025 | $0.02688 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02611 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02411 | Feb 28, 2025 |