FKNCX

About FKNCX

Franklin New York Intermediate‑Term Tax‑Free Income Fund Class C is a municipal bond mutual fund focused on generating a high level of income that is exempt from federal, New York State, and New York City personal income taxes. According to the fund’s stated objective, it primarily invests in investment‑grade New York municipal securities with intermediate maturities, balancing interest‑rate sensitivity with the stability typically associated with shorter credit duration. Managed by Franklin Templeton’s dedicated municipal team, the portfolio emphasizes diversified revenue and general obligation bonds tied to essential public services and infrastructure across the state, including transportation, education, healthcare, and utilities. The fund’s intermediate‑term profile aims to provide tax‑advantaged income with moderate volatility relative to longer‑duration muni strategies, while retaining flexibility to adjust sector and maturity allocations as market conditions evolve. As a state‑specific municipal offering, it plays a role in the market by channeling investor capital into New York’s public finance needs while offering investors targeted tax benefits and exposure to the credit dynamics of a single, large municipal issuer base.