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Launched · SEC filings

Franklin New York Municipal Income ETF

FTNYNYSE ArcaFranklin TempletonB

$7.62−0.05 (−0.59%)

As of Nov 10, 2026, 11:24 AM ET

B56/ 100

Rank 37 of 63 in Other Municipal Bond

B56/100Rank 37 of 63inOther Municipal Bond
Intraday session: down, 23 prints from 7.66 to 7.62. Range 7.60 to 7.64. Use the arrow keys to read each point.7.607.637.647.6510 AM12 PM2 PM4 PM
Expense ratio
0.36%*
Fund size
$605M
1Y total return
+1.5%
Yield · Last 12 months
No data
Holdings
273
Avg volume · 30D
271K sh
52W range
low $7.22high $8.03
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Mar 31, 2027. Without it: 0.37%.

The ETF.net FTNY Grade

B

Score 56 out of 100

Category
Other Municipal Bond⁠
Rank
37 of 63
Six-pillar profile for FTNY. Scores out of 100: Cost 35, Risk 49, Mission 89, Tradability 49, Holdings 54, Durability 72. Strongest: Mission (89). Weakest: Cost (35). Leans toward Mission.

Score 56 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D35 out of 100
    Rank 37 of 63

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A89 out of 100
    Rank 31 of 59

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 28 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 34 of 63

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 36 of 63

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A72 out of 100
    Rank 15 of 63

Our read on FTNY

ETF.net Research

In short

BA 1983-vintage New York muni portfolio in ETF clothing, converted from a Putnam fund in 2025. Actively run for income exempt from federal, New York State and New York City income taxes, 0.36% net of a waiver through March 31, 2027.

Stated mandate

The fund seeks a high level of current income exempt from federal and New York State and City personal income taxes while preserving capital.

Why people hold it

  • Triple exemption: it targets interest free of federal, New York State and New York City personal income tax, a layer broad national muni funds don't aim for.sec.gov
  • Not a startup fund. The portfolio ran as Putnam New York Tax Exempt Income Fund from 1983 and reorganized into this ETF in October 2025 with the same goal and strategy.franklintempleton.com
  • Active security picking, roughly 300 bonds across general obligation, revenue and tender option issues, mainly investment grade with maturities of three years or longer.sec.gov
  • Income lands monthly rather than quarterly.

Worth knowing

  • Cost runs above the category median: 0.36% net of a waiver through March 31, 2027 (0.37% gross), versus 0.03% at VTEB and 0.05% at MUB, both broad national index funds.
  • Single-state by design, so New York budget and local credit news move this portfolio more than it would a 50-state muni fund.sec.gov
  • The prospectus allows up to 25% in below-investment-grade bonds (none rated below B, max 10% in B), and some interest can fall under the federal AMT.sec.gov

FTNY Performance

Launched Sep 2, 1983

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
FTNY$10,145
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. FTNY $10,145. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FTNY. Periods over one year show the average yearly return.
PeriodFTNY
Year to date+0.9%
1 month+5.2%
3 months−0.9%
1 year+1.5%
3 yearsHistory unavailableper yearNo data
5 yearsHistory unavailableper yearNo data
10 yearsHistory unavailableper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FTNY
YearReturn barFTNY
2026 YTD+0.9%
2025−0.2%

History from Oct 27, 2025

FTNY in the news

FTNY Dividends

Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 12 payments from 2025 to 2026 YTD. Dec 1, 2025 $0.03; Dec 19, 2025 $0.03; Feb 2, 2026 $0.02; Mar 2, 2026 $0.02; Apr 1, 2026 $0.03; May 1, 2026 $0.03; Jun 1, 2026 $0.03; Jul 1, 2026 $0.03; Aug 3, 2026 $0.03; Sep 1, 2026 $0.02; Oct 1, 2026 $0.03; Nov 2, 2026 $0.03. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Nov 5, 2026$0.03
Oct 1, 2026Oct 6, 2026$0.03
Sep 1, 2026Sep 4, 2026$0.02
Aug 3, 2026Aug 6, 2026$0.03
Jul 1, 2026Jul 7, 2026$0.03
Jun 1, 2026Jun 4, 2026$0.03
May 1, 2026May 6, 2026$0.03
Apr 1, 2026Apr 6, 2026$0.03
Mar 2, 2026Mar 5, 2026$0.02
Feb 2, 2026Feb 5, 2026$0.02
Dec 19, 2025Dec 24, 2025$0.03
Dec 1, 2025Dec 4, 2025$0.03

$10,000 in FTNY 1 year ago paid $397 in dividends.

FTNY Risk

Risk pillarC49 out of 100Rank 28 of 63 in Other Municipal Bond
How much the fund’s monthly returns vary, scaled to a year.
7.6%
Annualised · 12 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.51
vs 3-month T-bills · 12 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.4%
12 months · trough Sep 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.17
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FTNY Cost

Compare FTNY and VTEB

Overpaying vs VTEB, tied cheapest in Other Municipal Bond

$6,682

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FTNY 0.36%

    $7,320

  • VTEB 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • FTNY 0.36%
  • VTEB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FTNY $7,320VTEB $638

Year by year

YearFTNYVTEBOverpaying
10$652$55$597
20$2,522$216$2,306
30$7,320$638$6,682
How the 0.36% is worked out

Full fee 0.37%− waiver 0.01%= you pay 0.36%

The waiver ends Mar 31, 2027. After that the fee is 0.37% unless Franklin Templeton renews it. Source: prospectus, Mar 2026.

Other funds in Other Municipal Bond

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