FNYAX

About FNYAX

Franklin New York Tax-Free Income Fund Advisor Class is a municipal bond mutual fund designed to provide investors with a high level of income exempt from federal, New York State, and New York City personal income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued by New York state and local governments, as well as qualifying agencies, making it especially appealing for residents seeking tax-advantaged income within the state. With a focus on long-term municipal bonds, the fund targets portfolios that typically have durations exceeding six years or average maturities over twelve years, aligning it with the "Muni New York Long" category. The fund distributes income to shareholders on a monthly basis and emphasizes capital preservation alongside tax efficiency. By offering exposure to a wide range of New York municipal debt, Franklin New York Tax-Free Income Fund Advisor Class plays a specialized role in diversified investment portfolios for individuals seeking to manage federal and state tax liabilities through municipal fixed income investments.