Franklin New York Tax Free Income Fund Class A (FNYQX)
| Fund Assets | 2.63B |
| Expense Ratio | 0.80% |
| Min. Investment | $1,000 |
| Turnover | 14.51% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.24% |
| Dividend Growth | 5.19% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.95 |
| YTD Return | 2.76% |
| 1-Year Return | 7.81% |
| 5-Year Return | 1.98% |
| 52-Week Low | 9.37 |
| 52-Week High | 10.00 |
| Beta (5Y) | 0.04 |
| Holdings | 449 |
| 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 7.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.13%.
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 | 0.53% |
| FNMAX | Fidelity | Fidelity Advisor NY Municipal Inc A | 0.76% |
| FTFMX | Fidelity | Fidelity New York Municipal Income Fund | 0.45% |
| FNYPX | Fidelity | Fidelity Advisor NY Municipal Inc M | 0.72% |
| FNYCX | Fidelity | Fidelity Advisor NY Municipal Inc C | 1.46% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.028 | Jun 30, 2026 |
| May 29, 2026 | $0.02859 | May 29, 2026 |
| Apr 30, 2026 | $0.02894 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02989 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02558 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02831 | Jan 30, 2026 |