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Morningstar

Franklin NY Tax Free Income C FNYIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.82  /  0.01 %
  • Total Assets 2.9 Bil
  • Adj. Expense Ratio
    1.190%
  • Expense Ratio 1.190%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.57%
  • Effective Duration 8.18 years

USD | NAV as of Dec 04, 2023 | 1-Day Return as of Dec 04, 2023, 11:11 PM GMT+0

Morningstar’s Analysis FNYIX

Will FNYIX 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 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.

Weakness in Franklin NY Tax Free Income C's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FNYIX

More FNYIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 445
  • Other Holdings 4
  • % Assets in Top 10 Holdings 15.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LIBERTY N Y DEV CORP REV 5.25%

3.55
96,249,478
municipal

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

1.87
50,690,628
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

1.56
42,288,045
municipal

PORT AUTH N Y & N J 5%

1.54
41,840,002
municipal

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

1.37
37,094,152
municipal

HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5%

1.29
35,108,022
municipal

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

1.26
34,080,661
municipal

METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5%

1.14
30,993,361
municipal

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

1.10
29,880,419
municipal

LIBERTY N Y DEV CORP REV 5.5%

1.04
28,191,694
municipal