Morningstar

Franklin New York Tax Free Income Fund Class A FNYQX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.20  /  −0.11 %
  • Total Assets 2.3B
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.71%
  • Effective Duration 8.97 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FNYQX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin NY Tax Free Income A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FNYQX

More FNYQX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LIBERTY N Y DEV CORP REV 5.25%

4.08 104M
municipal

PUBLIC FIN AUTH WIS MULTIFAMILY HSG REV 0%

1.41 36M
municipal

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

1.27 32M
municipal

LIBERTY N Y DEV CORP REV 5.5%

1.23 31M
municipal

METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5%

1.21 31M
municipal

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

1.03 26M
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25%

1.02 26M
municipal

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

1.02 26M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 4.375%

0.99 25M
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 4%

0.91 23M
municipal

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