Franklin New York Tax Free Income Fund Class A (FNYQX)
| Fund Assets | 2.65B |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000 |
| Turnover | 19.14% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.16% |
| Dividend Growth | 3.83% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.31 |
| YTD Return | 1.26% |
| 1-Year Return | 4.20% |
| 5-Year Return | -0.45% |
| 52-Week Low | 9.43 |
| 52-Week High | 10.32 |
| Beta (5Y) | n/a |
| Holdings | 448 |
| 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 4.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.36%.
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 | $0.02831 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02904 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02507 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02939 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02587 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02858 | Aug 29, 2025 |