FNYQX

About FNYQX

Franklin New York Tax-Free Income Fund Class A is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from federal, New York State, and New York City personal income taxes. The fund focuses primarily on investing at least 80% of its assets in securities whose interest payments are not subject to federal income tax, including the alternative minimum tax, as well as applicable state and city taxes for New York residents. It predominantly holds a diversified portfolio of New York municipal bonds, aiming for both income generation and capital preservation. The fund distributes income monthly and is managed with the objective of balancing tax efficiency and prudent credit risk management. Its target audience includes individuals seeking stable, tax-exempt income, particularly those residing in New York. This focus on tax-exempt municipal securities makes it significant for investors who prioritize after-tax returns, while its approach supports infrastructure and development projects across New York State and municipalities.