FNYAX Franklin NY Tax Free Income Adv Forecast, Technical & Fundamental Analysis

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. It also normally 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 fund is non-diversified.