Effective 5/1/19, this fund changed its distribution policy from managed pay, where dividend rates are set based on projections, to variable pay, where income is distributed as it’s earned. The fund’s final fixed pay distribution occurred in late April and the first variable pay distribution occured in late May. If you have questions, please contact your financial advisor or Shareholder Services.
Beginning on 10/19/18, Class C shares held for 10 years or more will automatically convert to Class A shares. Thereafter, Class C shares held for 10 years or more will automatically convert to Class A shares on a monthly basis. This conversion allows shareholders to take advantage of the lower expenses offered by Class A shares. Please see the prospectus supplement for more information. If you have any questions, please contact your financial advisor or call Franklin Templeton.
Class A shares (NASDAQ: FKNIX) were renamed Class A1 and closed to new investors. Existing Class A1 shareholders may continue to add money to their accounts. A new Class A share (NASDAQ: FKNQX) launched with a different expense structure, in which new shareholders can invest. The fund also changed certain sales charges and commissions paid to dealers on Class A and A1 shares. Please see the prospectus supplement for more information. If you have additional questions, please contact your financial advisor or call Franklin Templeton.
New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.
Read important information about results and other investment disclosures
Month EndAs of |
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Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) |
Read important information about results and other investment disclosures
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
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Read important information about results and other investment disclosures
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Read important information about results and other investment disclosures
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A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.