Franklin New York Intermediate-Term Tax-Free Income Fund Advisor Class is a municipal bond mutual fund managed by Franklin Templeton Investments. Its primary objective is 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 primarily invests in intermediate-term municipal securities issued by New York municipalities and agencies, making it particularly relevant for investors seeking to reduce tax liabilities while maintaining exposure to the state’s fixed income market. This fund is notable for its focus on intermediate-term maturities, typically balancing yield potential with interest rate risk. It is classified within the New York intermediate municipal debt category and is designed to serve the needs of individuals, trusts, and institutional clients who require tax-efficient income solutions, especially those residing in New York. The fund plays a specialized role in the municipal bond market by targeting investment-grade as well as select unrated municipal bonds, thus supporting local infrastructure and public projects while offering tax-advantaged returns to its shareholders.
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