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Franklin New York Tax-free Income Fund Class A1: (MF: FNYTX)
(NASDAQ Mutual Funds) As of May 22, 2025 08:00 PM ET
$9.49 USD
-0.04 (-0.42%)
Zacks MF Rank
4-Sell of 5 4
Fund Description
The fund was incepted in September 1982 and is managed by Franklin Advisers. The objective of this fund is to seek investors with as high a level of income exempt from federal, New York State and New York City personal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 65% of its total assets in securities that pay interest free from New York City personal income taxes and 35% of its assets in qualifying municipal securities issued by U.S. territories. The fund offers dividends monthly and capital gains at least annually, but there is no guarantee that it would be paid.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Franklin New York Tax-Free Inc A1 | FNYTX | 3.75 | NA | 0.00 | 0.10 | 0.46 | 0.63 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Franklin New York Tax-Free Inc A | FNYTX | 9.49 | 9/13/1982 | 3.43 | 0.86 | 1.76 | 0.63 |
| Franklin New York Tax-Free Inc C | FNYIX | 9.60 | 5/1/1995 | 2.86 | 0.30 | 1.20 | 0.10 |
| Franklin New York Tax-Free Inc Adv | FNYAX | 9.60 | 9/13/1982 | 3.53 | 0.96 | 1.86 | 0.75 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Franklin New York Tax-Free Inc A1 | FNYTX | 1000 | 0 | 0 | M |
Contact Information
| Family | Franklin |
| Address | One Franklin Parkway San Mateo, CA 94403 |
| Phone | 800 342-5236 |