Franklin New York Tax Free Income Fund

Class A (FNYTX)

6.4 in Muni New York Long

U.S. News evaluated 25 Muni New York Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

Read about the U.S. News Score

Terms & Conditions

Scorecard
Morningstar 3 / 5 Stars
Lipper 4 3 3 5 2
Zacks Investment Research 3 (Hold)
Standard & Poor's 4 / 5 Stars
TheStreet.com C (Hold)

Fund Overview

The investment seeks to provide investors with as high a level of income exempt from federal, New York State and New York City personal income taxes as is consistent with preservation of capital. 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. In addition, it invests at least 65% of its total assets, although it generally invests more, in securities that pay interest free from New York City personal income taxes. The fund only buys municipal securities rated in one of the top four ratings categories.

Trailing Returns Updated 03.31.2012
Year to date 1.9%
1 Year 12.3%
3 Years (Annualized) 7.1%
5 Years (Annualized) 4.9%
10 Years (Annualized) 5.0%

Fund Opinion

The fund's Value Line Overall Rank, a measure of risk-adjusted performance and relative growth in fund returns, is 2 on a scale of 1 to 5, with 1 being the best and 5 the worst.

Value Line 2012-03-09

Performance

The fund has returned 12.27 percent over the past year, 7.07 percent over the past three years, 4.88 percent over the past five years, and 5.02 percent over the past decade.

Hypothetical Growth of $10,000

Updated 03.31.2012

The fund's Value Line Growth Persistence rank, which awards funds that consistently outperform their broad universes, is 3 for one year, 2 for five years, and 1 for 10 years. Scores are on a 1 to 5 scale, with 1 being the best and 5 the worst.

Value Line 2012-03-09

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Holdings

Asset Allocation

% Long % Net
Cash 2.15 2.15
Stocks 0.0 0.0
Bonds 97.85 97.85
Other 0.0 0.0
Foreign Bonds 0.0 0.0
Foreign Stocks 0.0 0.0
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 12.31.2011

Top Holdings

Performance as of 03.31.2012

Portfolio as of 12.31.2011

% Net Assets
Sales Tax Asset Receivable Cor Sales 5% 1.56
Puerto Rico Sales Tax Fing Cor Rev Bd 6% 1.51
Liberty N Y Dev Corp Rev Rev Bds 5.25% 1.37
New York N Y City Transitional Bldg A 5% 1.21
Port Auth 5% 1.2

See more FNYTX holdings

Fees

Franklin New York Tax Free Income Fund has an expense ratio of 0.60 percent.

Expenses

Low (within category)

Updated 04.04.2012

Fees per $10,000.00
3 Years $609.00
5 Years $746.00
10 Years $1,143.00

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Risk

Morningstar Risk Rating

Below Average (within category)

Updated 03.31.2012

Other Risk Measurements Standard Index
BarCap Municipal TR USD
3YR R-Squared 94.0
3YR Beta 1.01
3YR Alpha -0.68

The fund's Value Line Risk Rank, a measure of volatility, is 3 on a scale of 1 to 5, with 1 being the least volatile and 5 the most.

Value Line 2012-03-09

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Top Rated

Other highly-rated funds in this category:

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High Performing

Muni New York Long funds with the best 10-year returns:

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