Morningstar

Franklin NY Tax Free Income C FNYIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.11  /  0.00
  • Total Assets 2.8 Bil
  • Adj. Expense Ratio
    1.150%
  • Expense Ratio 1.150%
  • 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 2.69%
  • Effective Duration 7.45 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:09 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 second-costliest 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 —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LIBERTY N Y DEV CORP REV

3.88 108.8 Mil
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT

1.91 53.4 Mil
municipal

PORT AUTH N Y & N J

1.59 44.6 Mil
municipal

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

1.36 38.0 Mil
municipal

NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV

1.27 35.5 Mil
municipal

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

1.26 35.3 Mil
municipal

LIBERTY N Y DEV CORP REV

1.18 33.0 Mil
municipal

METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD

1.13 31.7 Mil
municipal

NEW YORK ST TWY AUTH ST PERS INCOME TAX REV

0.99 27.6 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV

0.95 26.6 Mil
municipal

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