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Morningstar

Franklin NY Tax Free Income Adv FNYAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.02  /  +0.03 %
  • Total Assets 2.8 Bil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.29%
  • Effective Duration 7.45 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

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.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin NY Tax Free Income Adv to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FNYAX

More FNYAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LIBERTY N Y DEV CORP REV 5.25%

3.79 106.8 Mil
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5%

1.91 53.9 Mil
municipal

PORT AUTH N Y & N J 5%

1.56 44.1 Mil
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5%

1.33 37.5 Mil
municipal

HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5%

1.30 36.7 Mil
municipal

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

1.23 34.7 Mil
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5%

1.23 34.6 Mil
municipal

LIBERTY N Y DEV CORP REV 5.5%

1.15 32.4 Mil
municipal

METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5%

1.11 31.3 Mil
municipal

NEW YORK ST TWY AUTH ST PERS INCOME TAX REV 5%

0.97 27.5 Mil
municipal