FNYTX Fees and Costs — Franklin New York Tax Free Income Fund, Class A1
Data updated: 2026-07-27
The net expense ratio is 0.65%: a 0.46% management fee, a 0.10% 12b-1 fee plus 0.09% other expenses. This share class carries a maximum front-end sales load of 3.75%. Portfolio turnover was 15%.
FNYTX Fees and Expenses
Annual operating expenses and sales charges of FNYTX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 |
FNYTX Costs Over Time
On $10,000 invested in FNYTX, assuming 5% a year before costs, total costs come to $873 over 5 years, cutting the return by 1.48% 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 | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.65%) | $66 | $206 | $358 |
| Lost growth on money paid in costs | $19 | $69 | $140 |
| Total costs | $459 | $650 | $873 |
| Value after costs | $10,041 | $10,926 | $11,890 |
| Impact on return, per year | 4.59% | 2.00% | 1.48% |
FNYTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
FNYTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $176.3M | 18.23% |
| RBC Capital Markets, LLC | $153.4M | 15.86% |
| Jefferies LLC | $143.8M | 14.87% |
| Wells Fargo Securities, LLC | $127.6M | 13.19% |
| Raymond James & Associates, Inc. | $83.4M | 8.62% |
| Morgan Stanley & Co. LLC | $81.9M | 8.46% |
| U.S. Bancorp Investments, Inc. | $80.7M | 8.34% |
| BofA Securities, Inc. | $51.9M | 5.36% |
| Samuel A. Ramirez & Company, Inc. | $34.4M | 3.55% |
| Wedbush Securities Inc. | $34.1M | 3.53% |
Franklin New York 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 |
|---|---|---|---|
| FKTJX | Class R6 | 0.50% | none |
| FNYAX | Advisor Class | 0.55% | none |
| FNYTX | Class A1 | 0.65% | 3.75% |
| FNYQX | Class A | 0.80% | 3.75% |
| FNYIX | Class C | 1.20% | 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.