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FNYTX Franklin NY Tax-Free Income A

1 lower fee alternative found

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Fund FNYTX Franklin NY Tax-Free Income A PZT PowerShares New York AMT-Free MuniBd ETF  
Similarity
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100% 97%
Annual Fees
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$62.28
(0.61% Exp. Ratio)
$28.59
(0.28% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.09% annual return
$15,482.48 $17,101.26
Est. savings over 30 yrs +$1,618.77
Return
As of 11/30/16
1 YR RETURN 0.70%
3 YR 3.47%
5 YR 2.79%
10 YR 3.52%
1 YR RETURN 0.82%
3 YR 5.54%
5 YR 4.00%
10 YR --
Description
The investment seeks to provide investors with as high a level of income exempt from federal, New York State and New York City personal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from New York State personal income taxes. In addition, it invests at least 65% of its total assets, although it generally invests more, in securities that pay interest free from New York City personal income taxes.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the BofA Merrill Lynch New York Long-Term Core Plus Municipal Securities Index. The fund generally will invest at least 80% of its total assets in municipal securities that comprise the underlying index and that also are exempt from the federal alternative minimum tax. The index is composed of U.S. dollar-denominated, investment grade, tax-exempt debt publicly issued by New York or any U.S. territory or their political subdivisions, in the U.S. domestic market with a term of at least 15 years remaining to final maturity. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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