Franklin New York Tax Free Income Fund Class A1 (FNYTX)
| Fund Assets | 2.65B |
| Expense Ratio | 0.60% |
| Min. Investment | $1,000 |
| Turnover | 19.14% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.30% |
| Dividend Growth | 3.47% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.31 |
| YTD Return | 1.17% |
| 1-Year Return | 4.35% |
| 5-Year Return | 0.26% |
| 52-Week Low | 9.42 |
| 52-Week High | 10.32 |
| Beta (5Y) | 0.34 |
| Holdings | 448 |
| 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 4.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.65%.
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 | $0.02956 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03032 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02619 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03072 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02702 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02982 | Aug 29, 2025 |