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Morningstar

Franklin NY Tax Free Income Adv FNYAX

Morningstar Analyst Rating
Quantitative rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.05  /  0.17 %
  • Total Assets 2.9 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.570%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 2.87%
  • Effective Duration 8.12 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:11 PM GMT+00:00

Morningstar’s Analysis FNYAX

Will FNYAX outperform in 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 FNYAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FNYAX 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 FNYAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Weakness in Franklin NY Tax Free Income Adv's People and Process Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Neutral. The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

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