Franklin NY Tax Free Income A1 (FNYTX)
| Fund Assets | 2.63B |
| Expense Ratio | 0.60% |
| Min. Investment | $1,000 |
| Turnover | 19.14% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.40% |
| Dividend Growth | 4.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.48 |
| YTD Return | -3.48% |
| 1-Year Return | -2.68% |
| 5-Year Return | -3.78% |
| 52-Week Low | 9.33 |
| 52-Week High | 10.17 |
| Beta (5Y) | 0.30 |
| Holdings | 440 |
| Inception Date | Sep 13, 1982 |
About FNYTX
Franklin New York Tax-Free Income Fund Class A1 is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from regular federal, New York State, and New York City personal income taxes. The fund invests primarily in municipal securities issued by New York entities, allocating at least 80% of its total assets to instruments whose interest payments are free from federal income taxes, including exemption from the federal alternative minimum tax. This focus makes the fund particularly relevant for residents of New York seeking tax-efficient income solutions. The portfolio's duration typically exceeds six years, with average maturities greater than twelve years, classifying it within the long-term municipal bond category. The fund plays a significant role in the market by offering a targeted option for investors aiming to preserve after-tax income while supporting state and local infrastructure development through its investments in public projects within New York.
Performance
FNYTX had a total return of -2.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.78%.
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 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 | $0.02891 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02713 | Jun 30, 2025 |
| May 30, 2025 | $0.03019 | May 30, 2025 |
| Apr 30, 2025 | $0.02806 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02729 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02525 | Feb 28, 2025 |