Morningstar

Franklin New York Tax Free Income Fund Class C FNYIX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $9.43  /  +0.32 %
  • Fund Size $2.3B
  • Adjusted Expense Ratio 1.200%
  • Net Expense Ratio 1.200%
  • Fee Level: Distribution Low
  • Share Class Type Level Load
  • Morningstar Category Muni New York Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.28%
  • Average Effective Duration 8.87 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FNYIX

Will FNYIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FNYIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FNYIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FNYIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin NY Tax Free Income C holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FNYIX

More FNYIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LIBERTY N Y DEV CORP REV 5.25%

4.01 93M
municipal

PUBLIC FIN AUTH WIS MULTIFAMILY HSG REV 0%

1.42 33M
municipal

NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 4%

1.28 30M
municipal

LIBERTY N Y DEV CORP REV 5.5%

1.27 30M
municipal

METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5%

1.26 29M
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 4%

0.91 21M
municipal

BATTERY PK CITY AUTH N Y REV 5%

0.86 20M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

0.86 20M
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 5%

0.85 20M
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 5.25%

0.83 19M
municipal

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