FKNIX Fees and Costs — Franklin New York Intermediate-Term Tax-Free Income Fund, Class A1
Data updated: 2026-08-27
The net expense ratio is 0.73%: a 0.50% management fee, a 0.10% 12b-1 fee plus 0.13% other expenses. This share class carries a maximum front-end sales load of 2.25%. Portfolio turnover was 21%.
FKNIX Fees and Expenses
Annual operating expenses and sales charges of FKNIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FKNIX Costs Over Time
On $10,000 invested in FKNIX, assuming 5% a year before costs, total costs come to $736 over 5 years, cutting the return by 1.24% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.73%) | $75 | $234 | $408 |
| Lost growth on money paid in costs | $11 | $47 | $103 |
| Total costs | $311 | $506 | $736 |
| Value after costs | $10,189 | $11,070 | $12,027 |
| Impact on return, per year | 3.11% | 1.55% | 1.24% |
FKNIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $298.2M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
FKNIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $62.2M | 23.29% |
| RBC Capital Markets, LLC | $55.5M | 20.78% |
| Jefferies LLC | $29.6M | 11.09% |
| BofA Securities, Inc. | $29.4M | 11.00% |
| Wells Fargo Securities, LLC | $24.3M | 9.09% |
| U.S. Bancorp Investments, Inc. | $23.8M | 8.91% |
| Goldman Sachs & Co. LLC | $13.9M | 5.22% |
| Piper Sandler & Co. | $10.5M | 3.95% |
| Morgan Stanley & Co. LLC | $9.0M | 3.38% |
| Samuel A. Ramirez & Company, Inc. | $8.8M | 3.29% |
Franklin New York Intermediate-Term Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FKNRX | Class R6 | 0.56% | none |
| FNYZX | Advisor Class | 0.63% | none |
| FKNIX | Class A1 | 0.73% | 2.25% |
| FKNQX | Class A | 0.88% | 2.25% |
| FKNCX | Class C | 1.28% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.