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FTNY

GradeCNew York Stock Exchange Arca

Franklin New York Municipal Income ETF

Municipal Bond · Franklin Templeton · Inception 1983-09-02 · SEC filings

$7.42−0.09 (−1.20%)

As of Sep 23, 2026, 2:17 PM EDT

History starts Oct 27, 2025.History starts Oct 27, 2025.
Intraday session: down, 27 prints from 7.51 to 7.42. Range 7.42 to 7.52. Use the arrow keys to read each point.$7.44$7.48$7.5210 AM12 PM2 PM4 PM
Expense ratio
0.37%
Fund size
$577M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
274
Volume · 30D
0.2M sh
NAV per share
$7.52
52W range
low $7.48high $8.03

The ETF.net FTNY Grade

C

48/ 100

Rank 49 of 63 in Other Municipal Bond⁠

Confidence High

Six-pillar profile for FTNY. Scores out of 100: Cost 27, Risk 39, Mission 71, Tradability 51, Holdings 54, Durability 74. Strongest: Durability (74). Weakest: Cost (27). Leans toward Durability and Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 27
    Category rank46/63 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 71
    Category rank46/57 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 39
    Category rank50/62 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 51
    Category rank32/63 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 54
    Category rank37/63 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 74
    Category rank14/63 · top 22%

Graded as of Sep 22, 2026

Our read on FTNY

ETF.net Research

CNew York taxpayers get their own aisle: an actively run muni portfolio targeting income exempt from federal, New York State and New York City personal income taxes. The strategy dates to 1983; the ETF wrapper is the new part.

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

  1. 01Triple exemption is the point: it seeks income free of federal, New York State and New York City personal income taxes, a combination few ETFs are built to deliver.sec.gov
  2. 02Actively run, not index-bound: the fund may put up to 25% of total assets in below-investment-grade munis, with nothing rated under B and B-rated paper capped at 10%.sec.gov
  3. 03Depth behind the ticker: roughly 300 bond positions, and the strategy itself dates to 1983, decades before it took ETF form.franklintempleton.com

Worth knowing

  1. 01Cost is the trade-off: 0.37% runs above the muni-fund median, and the broad index giants (VTEB and SCMB at 0.03%) charge a sliver of that.
  2. 02Single-state by design: the portfolio lives on New York issuers, so New York budget and credit news lands harder here than in a national muni fund.sec.gov
  3. 03An index route exists in the same niche: NYF tracks a New York muni benchmark for 0.09%, so the case here rests on what active bond picking adds.

FTNY Holdings

As of Sep 22, 2026, 9:35 PM
Asset class
Bonds
Holdings
274
Top-10 weight
19%
Largest holding
NEW YORK LIBERTY D 3 9/433.1%
The fund’s holdings, weight-ordered — page 1 of 18.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—NEW YORK LIBERTY D 3 9/433.05%23,340,000$18M2
002PGLXXPUTNAM GOVT MMKT FND-P2.43%14,024,950$14M14
003—NY LIBERTY DEV CO 5 11/442.41%13,975,000$14M1
004—NYC TRANSITIONA 5.5 11/451.80%10,000,000$10M1
005—DASNY-A-REF 5 3/551.77%10,240,000$10M1
006—NYC MUNI WTR FI 5.25 6/531.76%10,000,000$10M1
007—NY ST URBAN DEV-A 5 3/451.75%10,000,000$10M1
008—LONG ISLAND PWR -A 5 9/491.72%10,000,000$10M1
009—NEW YORK ST DORM A 4 5/451.49%10,000,000$9M1
010—NYC MUNI WTR FI 5.25 6/551.32%7,500,000$8M1
011—TRIBOROUGH BRID 5.5 12/591.15%6,500,000$7M1
012—Net Current Assets1.14%0$7M132
013—NY DORM-NY UNIV- 5.5 7/401.13%6,000,000$7M1
014—BUILD NYC RESOU 5.25 7/621.03%6,250,000$6M1
015—NEW YORK-C 5.25 3/531.02%5,835,000$6M1

Showing 1–15 of 260 holdings

FTNY Performance

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

FTNY$9,830
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. FTNY $9,830. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−1.7%
1 month−2.6%
3 months−4.3%
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

As of the close, 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−1.7%
2025−0.2%

History from Oct 27, 2025

FTNY in the news

ETF.net Research hasn’t filed on FTNY yet — coverage lands here as it’s written.

FTNY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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. 10 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 $0.03. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 4, 2026$0.03
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

FTNY Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
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.
—
No data available
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.
—
No data available
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.
0.18
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.

FTNY Cost

Expense ratio0.37%
  • The middle half of Other Municipal Bond funds
  • Median 0.30%

45 of the 62 Other Municipal Bond funds charge less.

FTNY costs $37.00 a year on $10,000. The median Other Municipal Bond fund costs $30.00.