Franklin New York Tax Free Income Fund (FNYTX)
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. It also normally 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 is non-diversified.
Fund Info
US3541301061
354130106
Sep 12, 1982
$1,000
Expense Ratio
FNYTX has an expense ratio of 0.66%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Franklin New York Tax Free Income Fund (FNYTX) returned -3.05% year-to-date (YTD) and 0.21% over the past 12 months. Over the past 10 years, FNYTX returned 1.13% annually, underperforming the S&P 500 benchmark at 10.84%.
FNYTX
-3.05%
-0.23%
-4.16%
0.21%
1.02%
-0.21%
1.13%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of FNYTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.09% | 0.96% | -2.23% | -0.94% | -0.94% | -3.05% | |||||||
| 2024 | -0.03% | 0.16% | -0.03% | -1.24% | 0.09% | 1.58% | 0.88% | 0.59% | 1.15% | -1.50% | 1.89% | -1.61% | 1.88% |
| 2023 | 3.55% | -2.57% | 2.34% | 0.02% | -0.64% | 1.19% | 0.14% | -1.66% | -3.03% | -2.07% | 7.15% | 3.04% | 7.23% |
| 2022 | -3.16% | -0.75% | -3.57% | -3.61% | 1.53% | -2.73% | 2.97% | -2.73% | -4.42% | -1.25% | 5.57% | -0.04% | -12.00% |
| 2021 | 0.55% | -2.08% | 0.68% | 1.19% | 0.72% | 0.57% | 0.73% | -0.57% | -0.95% | -0.17% | 1.00% | 0.22% | 1.86% |
| 2020 | 1.93% | 1.69% | -4.11% | -2.31% | 3.49% | 0.96% | 1.58% | -0.65% | -0.40% | -0.32% | 2.03% | 1.02% | 4.75% |
| 2019 | 0.54% | 0.45% | 1.75% | 0.62% | 1.26% | 0.23% | 0.70% | 1.85% | -0.73% | -0.13% | 0.13% | 0.23% | 7.07% |
| 2018 | -0.91% | -0.37% | 0.29% | -0.45% | 0.94% | 0.10% | 0.19% | 0.09% | -0.56% | -0.65% | 0.85% | 0.94% | 0.45% |
| 2017 | 0.48% | 0.38% | -0.15% | 0.30% | 0.66% | -0.25% | 0.56% | 0.45% | -0.54% | 0.09% | -0.54% | 1.00% | 2.45% |
| 2016 | 0.82% | 0.29% | 0.21% | 0.38% | 0.30% | 1.25% | 0.38% | 0.11% | -0.03% | -0.78% | -2.51% | 0.48% | 0.86% |
| 2015 | 1.40% | -0.90% | 0.03% | -0.48% | 0.21% | -0.23% | -0.05% | 0.21% | 0.56% | 0.38% | 0.03% | 0.30% | 1.47% |
| 2014 | 1.61% | 1.59% | 0.43% | 1.13% | 1.73% | -0.36% | 0.07% | 1.54% | 0.22% | 0.48% | 0.21% | 0.30% | 9.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FNYTX is 9, meaning it’s performing worse than 91% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin New York Tax Free Income Fund (FNYTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Franklin New York Tax Free Income Fund provided a 3.45% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.31 | $0.28 | $0.28 | $0.30 | $0.33 | $0.37 | $0.38 | $0.40 | $0.41 | $0.45 |
Dividend yield | 3.45% | 3.27% | 3.04% | 2.84% | 2.46% | 2.64% | 2.96% | 3.40% | 3.42% | 3.61% | 3.55% | 3.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin New York Tax Free Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.33 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.00 | $0.03 | $0.03 | $0.40 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin New York Tax Free Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin New York Tax Free Income Fund was 17.45%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Franklin New York Tax Free Income Fund drawdown is 7.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.45% | Jul 21, 2021 | 320 | Oct 25, 2022 | — | — | — |
| -16.65% | Mar 23, 1987 | 151 | Oct 19, 1987 | 206 | Aug 2, 1988 | 357 |
| -13.06% | Sep 12, 2008 | 25 | Oct 16, 2008 | 125 | Apr 17, 2009 | 150 |
| -12.26% | Mar 10, 2020 | 9 | Mar 20, 2020 | 182 | Dec 8, 2020 | 191 |
| -9.37% | Sep 29, 2010 | 76 | Jan 14, 2011 | 138 | Aug 3, 2011 | 214 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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