FRANKLIN NEW YORK INTERMEDIATE-TERM TAX-FREE INCOME FUND
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$10.69
$560 M
2.66%
$0.28
0.62%
Vitals
YTD Return
-1.3%
1 yr return
1.8%
3 Yr Avg Return
-1.2%
5 Yr Avg Return
0.6%
Net Assets
$560 M
Holdings in Top 10
27.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.62%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.90%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$10.69
$560 M
2.66%
$0.28
0.62%
FNYZX - Profile
Distributions
- YTD Total Return -1.3%
- 3 Yr Annualized Total Return -1.2%
- 5 Yr Annualized Total Return 0.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.12%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFRANKLIN NEW YORK INTERMEDIATE-TERM TAX-FREE INCOME FUND
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateNov 02, 2009
-
Shares Outstanding24606222
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Wiley
Fund Description
Under normal market conditions, the Fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from New York State personal income taxes. As a non-fundamental policy, the Fund also normally invests at least 80% of its total assets in securities that pay interest free from New York City personal income
taxes. Although the Fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the Fund's total assets may be invested in securities that pay interest subject to federal or state income taxes, including interest that may be subject to the federal alternative minimum tax.
The Fund maintains a dollar-weighted average portfolio maturity of six to 12 years and only buys securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services or unrated or short-term rated securities of comparable credit quality.
The Fund may invest in insured municipal securities. Insured municipal securities are covered by insurance policies that guarantee the timely payment of principal and interest. The insurance premium costs, however, are typically reflected in a lower yield and/or higher price for the insured bond. It is important to note that insurance does not guarantee the market value of an insured security, or the Fund’s share price or distributions, and shares of the Fund are not insured.
The Fund may invest up to 35% of its assets in municipal securities issued by U.S. territories.
Although the investment manager will search for investments across a large number of municipal securities that finance different types of projects, from time to time, based on economic conditions, the Fund may have significant positions in municipal securities that finance similar types of projects.
The investment manager selects securities that it believes will provide the best balance between risk and return within the Fund’s range of allowable investments and typically invests with a long-term time horizon. This means it generally holds securities in the Fund’s portfolio for income purposes, although the investment manager may sell a security at any time if it believes it could help the Fund meet its goal. With a focus on income, individual securities are considered for purchase or sale based on various factors and considerations, including credit profile, risk, structure, pricing, portfolio impact, duration management, restructuring, opportunistic trading and tax loss harvesting opportunities.
FNYZX - Performance
Return Ranking - Trailing
Period | FNYZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.3% | -5.5% | 7.2% | 65.54% |
1 Yr | 1.8% | -5.8% | 31.1% | 71.43% |
3 Yr | -1.2%* | -11.6% | 2.6% | 41.05% |
5 Yr | 0.6%* | -6.4% | 1101.7% | 56.47% |
10 Yr | 1.6%* | -0.5% | 248.1% | 55.84% |
* Annualized
Return Ranking - Calendar
Period | FNYZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -1.4% | 41.0% | 43.27% |
2022 | -9.7% | -39.7% | 0.3% | 34.10% |
2021 | -1.2% | -5.6% | 6.9% | 81.41% |
2020 | 1.5% | -2.6% | 310.0% | 58.52% |
2019 | 3.4% | 0.0% | 26.0% | 63.72% |
Total Return Ranking - Trailing
Period | FNYZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.3% | -5.5% | 7.2% | 65.54% |
1 Yr | 1.8% | -5.8% | 31.1% | 71.43% |
3 Yr | -1.2%* | -11.6% | 2.6% | 41.05% |
5 Yr | 0.6%* | -6.4% | 1101.7% | 56.47% |
10 Yr | 1.6%* | -0.5% | 248.1% | 55.84% |
* Annualized
Total Return Ranking - Calendar
Period | FNYZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.7% | -1.3% | 41.0% | 50.16% |
2022 | -7.6% | -39.7% | 1.1% | 32.26% |
2021 | 1.1% | -4.8% | 23761504.0% | 63.08% |
2020 | 3.2% | -1.5% | 17057.9% | 69.65% |
2019 | 6.5% | 0.2% | 3514.6% | 50.70% |
NAV & Total Return History
FNYZX - Holdings
Concentration Analysis
FNYZX | Category Low | Category High | FNYZX % Rank | |
---|---|---|---|---|
Net Assets | 560 M | 3.22 M | 71.9 B | 43.85% |
Number of Holdings | 175 | 2 | 13067 | 65.83% |
Net Assets in Top 10 | 154 M | -317 M | 3.56 B | 29.71% |
Weighting of Top 10 | 27.08% | 2.0% | 100.4% | 16.32% |
Top 10 Holdings
- Metropolitan Transportation Authority, Series 2012 A 5.39%
- New York City Housing Development Corp., Series 2008 A 3.22%
- Port Authority of New York New Jersey, Series 209th 2.88%
- Long Island Power Authority, Series 2019 A 2.87%
- New York Liberty Development Corp., Series 2005 2.78%
- New York State Dormitory Authority, Series 2017 A 2.28%
- Triborough Bridge Tunnel Authority, Series 2013 A 1.96%
- New York City Transitional Finance Authority, Series 2019 S-3 A 1.94%
- New York State Urban Development Corp., Series 2017 A 1.89%
- New York State Dormitory Authority, Series 2018 A 1.87%
Asset Allocation
Weighting | Return Low | Return High | FNYZX % Rank | |
---|---|---|---|---|
Bonds | 98.45% | 0.00% | 150.86% | 53.69% |
Cash | 1.55% | -50.86% | 50.09% | 44.40% |
Stocks | 0.00% | 0.00% | 99.81% | 70.05% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 67.12% |
Other | 0.00% | -3.18% | 33.35% | 66.99% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 66.99% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FNYZX % Rank | |
---|---|---|---|---|
Municipal | 98.08% | 44.39% | 100.00% | 54.58% |
Cash & Equivalents | 0.18% | 0.00% | 48.02% | 49.32% |
Derivative | 0.00% | -3.18% | 23.38% | 65.37% |
Securitized | 0.00% | 0.00% | 5.93% | 67.77% |
Corporate | 0.00% | 0.00% | 9.41% | 72.64% |
Government | 0.00% | 0.00% | 52.02% | 70.44% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FNYZX % Rank | |
---|---|---|---|---|
US | 98.45% | 0.00% | 142.23% | 51.07% |
Non US | 0.00% | 0.00% | 23.89% | 71.46% |
FNYZX - Expenses
Operational Fees
FNYZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.62% | 0.01% | 20.65% | 64.48% |
Management Fee | 0.49% | 0.00% | 1.20% | 78.27% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.01% | 0.44% | 77.48% |
Sales Fees
FNYZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
FNYZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FNYZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 18.90% | 0.00% | 283.00% | 54.61% |
FNYZX - Distributions
Dividend Yield Analysis
FNYZX | Category Low | Category High | FNYZX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.66% | 0.00% | 14.58% | 68.63% |
Dividend Distribution Analysis
FNYZX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
FNYZX | Category Low | Category High | FNYZX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.12% | -0.53% | 5.33% | 39.69% |
Capital Gain Distribution Analysis
FNYZX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.024 | OrdinaryDividend |
Feb 29, 2024 | $0.022 | DailyAccrualFund |
Jan 31, 2024 | $0.022 | DailyAccrualFund |
Dec 29, 2023 | $0.024 | DailyAccrualFund |
Nov 30, 2023 | $0.022 | DailyAccrualFund |
Oct 31, 2023 | $0.022 | DailyAccrualFund |
Sep 29, 2023 | $0.022 | DailyAccrualFund |
Aug 31, 2023 | $0.022 | DailyAccrualFund |
Jul 31, 2023 | $0.021 | DailyAccrualFund |
Jun 30, 2023 | $0.023 | DailyAccrualFund |
May 31, 2023 | $0.022 | DailyAccrualFund |
Apr 28, 2023 | $0.019 | DailyAccrualFund |
Mar 31, 2023 | $0.023 | DailyAccrualFund |
Feb 28, 2023 | $0.019 | DailyAccrualFund |
Jan 31, 2023 | $0.020 | DailyAccrualFund |
Dec 30, 2022 | $0.022 | DailyAccrualFund |
Nov 30, 2022 | $0.020 | DailyAccrualFund |
Oct 31, 2022 | $0.019 | DailyAccrualFund |
Sep 30, 2022 | $0.019 | DailyAccrualFund |
Aug 31, 2022 | $0.020 | DailyAccrualFund |
Jul 29, 2022 | $0.020 | DailyAccrualFund |
Jun 30, 2022 | $0.019 | DailyAccrualFund |
May 31, 2022 | $0.019 | DailyAccrualFund |
Apr 29, 2022 | $0.020 | DailyAccrualFund |
Mar 31, 2022 | $0.020 | DailyAccrualFund |
Feb 28, 2022 | $0.018 | DailyAccrualFund |
Jan 31, 2022 | $0.018 | DailyAccrualFund |
Dec 31, 2021 | $0.022 | DailyAccrualFund |
Nov 30, 2021 | $0.020 | DailyAccrualFund |
Oct 29, 2021 | $0.018 | DailyAccrualFund |
Sep 30, 2021 | $0.018 | DailyAccrualFund |
Aug 31, 2021 | $0.020 | DailyAccrualFund |
Jul 30, 2021 | $0.019 | DailyAccrualFund |
Jun 30, 2021 | $0.022 | DailyAccrualFund |
May 28, 2021 | $0.018 | DailyAccrualFund |
Apr 30, 2021 | $0.021 | DailyAccrualFund |
Mar 31, 2021 | $0.023 | DailyAccrualFund |
Feb 26, 2021 | $0.020 | DailyAccrualFund |
Jan 29, 2021 | $0.022 | DailyAccrualFund |
Dec 31, 2020 | $0.022 | DailyAccrualFund |
Nov 30, 2020 | $0.023 | DailyAccrualFund |
Oct 30, 2020 | $0.022 | DailyAccrualFund |
Sep 30, 2020 | $0.023 | DailyAccrualFund |
Aug 31, 2020 | $0.025 | DailyAccrualFund |
Jul 31, 2020 | $0.024 | DailyAccrualFund |
Jun 30, 2020 | $0.025 | DailyAccrualFund |
May 29, 2020 | $0.023 | DailyAccrualFund |
Apr 30, 2020 | $0.023 | DailyAccrualFund |
Mar 31, 2020 | $0.025 | DailyAccrualFund |
Feb 28, 2020 | $0.022 | DailyAccrualFund |
Jan 31, 2020 | $0.024 | DailyAccrualFund |
Dec 31, 2019 | $0.025 | DailyAccrualFund |
Nov 29, 2019 | $0.023 | DailyAccrualFund |
Oct 31, 2019 | $0.025 | DailyAccrualFund |
Sep 30, 2019 | $0.025 | DailyAccrualFund |
Aug 30, 2019 | $0.024 | DailyAccrualFund |
Jul 31, 2019 | $0.027 | DailyAccrualFund |
Jun 28, 2019 | $0.023 | DailyAccrualFund |
May 31, 2019 | $0.026 | DailyAccrualFund |
Apr 30, 2019 | $0.033 | DailyAccrualFund |
Mar 29, 2019 | $0.027 | DailyAccrualFund |
Feb 28, 2019 | $0.027 | DailyAccrualFund |
Jan 31, 2019 | $0.026 | DailyAccrualFund |
Dec 31, 2018 | $0.026 | DailyAccrualFund |
Nov 30, 2018 | $0.026 | DailyAccrualFund |
Oct 31, 2018 | $0.026 | DailyAccrualFund |
Sep 28, 2018 | $0.026 | DailyAccrualFund |
Aug 31, 2018 | $0.026 | DailyAccrualFund |
Jul 31, 2018 | $0.026 | DailyAccrualFund |
Jun 29, 2018 | $0.026 | DailyAccrualFund |
May 31, 2018 | $0.026 | DailyAccrualFund |
Apr 30, 2018 | $0.026 | DailyAccrualFund |
Mar 29, 2018 | $0.026 | DailyAccrualFund |
Feb 28, 2018 | $0.025 | DailyAccrualFund |
Jan 31, 2018 | $0.025 | DailyAccrualFund |
Dec 29, 2017 | $0.025 | DailyAccrualFund |
Nov 30, 2017 | $0.026 | DailyAccrualFund |
Oct 31, 2017 | $0.026 | DailyAccrualFund |
Sep 29, 2017 | $0.026 | DailyAccrualFund |
Aug 31, 2017 | $0.026 | DailyAccrualFund |
Jul 31, 2017 | $0.026 | DailyAccrualFund |
Jun 30, 2017 | $0.026 | DailyAccrualFund |
May 31, 2017 | $0.026 | DailyAccrualFund |
Apr 28, 2017 | $0.026 | DailyAccrualFund |
Mar 31, 2017 | $0.026 | DailyAccrualFund |
Feb 28, 2017 | $0.026 | DailyAccrualFund |
Jan 31, 2017 | $0.026 | DailyAccrualFund |
Dec 30, 2016 | $0.025 | DailyAccrualFund |
Nov 30, 2016 | $0.025 | DailyAccrualFund |
Oct 31, 2016 | $0.025 | DailyAccrualFund |
Sep 30, 2016 | $0.025 | DailyAccrualFund |
Aug 31, 2016 | $0.025 | DailyAccrualFund |
Jul 29, 2016 | $0.026 | DailyAccrualFund |
Jun 30, 2016 | $0.026 | DailyAccrualFund |
May 31, 2016 | $0.026 | DailyAccrualFund |
Apr 29, 2016 | $0.026 | DailyAccrualFund |
Mar 31, 2016 | $0.026 | DailyAccrualFund |
Feb 29, 2016 | $0.026 | DailyAccrualFund |
Jan 29, 2016 | $0.027 | DailyAccrualFund |
Dec 31, 2015 | $0.027 | DailyAccrualFund |
Nov 30, 2015 | $0.027 | DailyAccrualFund |
Oct 30, 2015 | $0.027 | DailyAccrualFund |
Sep 30, 2015 | $0.027 | DailyAccrualFund |
Aug 31, 2015 | $0.027 | DailyAccrualFund |
Jul 31, 2015 | $0.027 | DailyAccrualFund |
Jun 30, 2015 | $0.027 | DailyAccrualFund |
May 29, 2015 | $0.027 | DailyAccrualFund |
Apr 30, 2015 | $0.027 | DailyAccrualFund |
Mar 31, 2015 | $0.027 | DailyAccrualFund |
Feb 27, 2015 | $0.027 | DailyAccrualFund |
Jan 30, 2015 | $0.027 | DailyAccrualFund |
Dec 31, 2014 | $0.027 | DailyAccrualFund |
Nov 28, 2014 | $0.028 | DailyAccrualFund |
Oct 31, 2014 | $0.028 | DailyAccrualFund |
Sep 30, 2014 | $0.027 | DailyAccrualFund |
Aug 29, 2014 | $0.028 | DailyAccrualFund |
Jul 31, 2014 | $0.029 | DailyAccrualFund |
Jun 30, 2014 | $0.029 | DailyAccrualFund |
May 30, 2014 | $0.029 | DailyAccrualFund |
Mar 31, 2014 | $0.029 | DailyAccrualFund |
Dec 31, 2013 | $0.029 | DailyAccrualFund |
Nov 29, 2013 | $0.029 | DailyAccrualFund |
Oct 31, 2013 | $0.028 | DailyAccrualFund |
Sep 30, 2013 | $0.028 | DailyAccrualFund |
Jun 28, 2013 | $0.027 | DailyAccrualFund |
Apr 30, 2013 | $0.027 | DailyAccrualFund |
Mar 28, 2013 | $0.028 | DailyAccrualFund |
Feb 28, 2013 | $0.028 | DailyAccrualFund |
Jan 31, 2013 | $0.028 | DailyAccrualFund |
Dec 31, 2012 | $0.028 | DailyAccrualFund |
Nov 30, 2012 | $0.028 | DailyAccrualFund |
Oct 31, 2012 | $0.028 | DailyAccrualFund |
Sep 28, 2012 | $0.029 | DailyAccrualFund |
Aug 31, 2012 | $0.029 | DailyAccrualFund |
Jul 31, 2012 | $0.030 | DailyAccrualFund |
Jun 29, 2012 | $0.038 | DailyAccrualFund |
May 21, 2012 | $0.030 | DailyAccrualFund |
Apr 19, 2012 | $0.030 | DailyAccrualFund |
Mar 21, 2012 | $0.030 | DailyAccrualFund |
Feb 17, 2012 | $0.031 | DailyAccrualFund |
Jan 20, 2012 | $0.021 | DailyAccrualFund |
Dec 30, 2011 | $0.010 | DailyAccrualFund |
Dec 20, 2011 | $0.031 | DailyAccrualFund |
Nov 18, 2011 | $0.031 | DailyAccrualFund |
Oct 20, 2011 | $0.031 | DailyAccrualFund |
Sep 20, 2011 | $0.031 | DailyAccrualFund |
Aug 19, 2011 | $0.031 | DailyAccrualFund |
Jul 20, 2011 | $0.031 | DailyAccrualFund |
Jun 20, 2011 | $0.031 | DailyAccrualFund |
May 19, 2011 | $0.031 | DailyAccrualFund |
Apr 19, 2011 | $0.031 | DailyAccrualFund |
Mar 21, 2011 | $0.031 | DailyAccrualFund |
Feb 18, 2011 | $0.031 | DailyAccrualFund |
Jan 20, 2011 | $0.031 | DailyAccrualFund |
Dec 20, 2010 | $0.031 | DailyAccrualFund |
Nov 19, 2010 | $0.032 | DailyAccrualFund |
Oct 20, 2010 | $0.032 | DailyAccrualFund |
Sep 20, 2010 | $0.032 | DailyAccrualFund |
Aug 20, 2010 | $0.032 | DailyAccrualFund |
Jul 20, 2010 | $0.032 | DailyAccrualFund |
Jun 21, 2010 | $0.032 | DailyAccrualFund |
May 20, 2010 | $0.032 | DailyAccrualFund |
Apr 20, 2010 | $0.032 | DailyAccrualFund |
Mar 19, 2010 | $0.032 | DailyAccrualFund |
Feb 19, 2010 | $0.032 | DailyAccrualFund |
Jan 20, 2010 | $0.032 | DailyAccrualFund |
Dec 21, 2009 | $0.032 | DailyAccrualFund |
Nov 19, 2009 | $0.033 | DailyAccrualFund |
Oct 20, 2009 | $0.033 | DailyAccrualFund |
Sep 21, 2009 | $0.033 | DailyAccrualFund |
Aug 20, 2009 | $0.033 | DailyAccrualFund |
Jul 20, 2009 | $0.033 | DailyAccrualFund |
Jun 19, 2009 | $0.033 | DailyAccrualFund |
May 20, 2009 | $0.033 | DailyAccrualFund |
Apr 20, 2009 | $0.033 | DailyAccrualFund |
Mar 19, 2009 | $0.033 | DailyAccrualFund |
FNYZX - Fund Manager Analysis
Managers
John Wiley
Start Date
Tenure
Tenure Rank
Nov 02, 2020
1.58
1.6%
John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.
Michael Conn
Start Date
Tenure
Tenure Rank
Nov 02, 2020
1.58
1.6%
Mr. Conn has been a portfolio manager of Franklin Advisers, Inc since November 2020. He joined Franklin Templeton in 2006.
John Bonelli
Start Date
Tenure
Tenure Rank
Nov 02, 2020
1.58
1.6%
Mr. Bonelli is a Portfolio Manager and Research Analyst of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 2010.
Christopher Sperry
Start Date
Tenure
Tenure Rank
Nov 02, 2020
1.58
1.6%
Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |