- What does FTNY invest in?
- This fund is structured to provide investors with a substantial and consistent income stream, which is free from both federal and New York state personal income taxes. Its core objective is to maximize these tax-exempt earnings while diligently safeguarding the initial capital invested.
- What is the expense ratio of FTNY?
- Franklin New York Municipal Income ETF (FTNY) charges an expense ratio of 0.37%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FTNY's distribution yield?
- FTNY's trailing-twelve-month yield is 2.70%, calculated from the sum of distributions over the past year divided by the current price.
- How does FTNY's covered-call strategy work?
- FTNY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- What is the duration of FTNY?
- Effective duration measures FTNY's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FTNY's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FTNY?
- FTNY's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
