Mutual Fund Insights: Franklin NY Insured Tax-Free Inc A Fund (FRNYX)

In-depth Analysis of Franklin NY Insured Tax-Free Inc A Fund (FRNYX)

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See Franklin NY Insured Tax-Free Inc A Fund (FRNYX) performance details as of January 31, 2010

  

Last Trade: $11.00 on 3/12/2010, Change: 0.00 (0%)

  

Fund Manager - James Patrick Conn

Fund Manager Tenure: 10.3 years
Fundmojo Fund Grade: C (Score: 0.5)     (What does this score mean?)

Conn is a vice president and portfolio manager with Franklin Advisers, Inc, his employer since 1996. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated management requirements. Conn holds the Chartered Financial Analyst designation.  Get more insights on James Patrick Conn

  

 What we like about Franklin NY Insured Tax-Free Inc A Fund (FRNYX)

Data for Franklin NY Insured Tax-Free Inc A Fund (FRNYX) as of January 31, 2010

• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) management has been with Franklin NY Insured Tax-Free Inc A Fund for 10.3 years
• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) ratio of up-years vs down years is greater than 2
• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) has an annual stock turnover rate of 9.04% vs Muni New York Long average of 27.73%. It is good that Franklin NY Insured Tax-Free Inc A management does not trade extensively for its return.
• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) is less volatile than its peers as it has a 3-year Standard Deviation of 7.54, lower than category average of 7.67
• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) has a lower management fee than its Muni New York Long average: 0.66% vs 1.06%

  

 What we are cautious about Franklin NY Insured Tax-Free Inc A Fund (FRNYX)

Data for Franklin NY Insured Tax-Free Inc A Fund (FRNYX) as of January 31, 2010

• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) has a less-than-ideal short-term performance (1-year return 10.78% vs 13.57% Muni New York Long category average)
• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) has a less-than-ideal mid-term performance (3-year return 2.54% vs 3.02% Muni New York Long category average)
• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) has a less-than-ideal Long-term performance (5-year return 2.86% vs 3.20% Muni New York Long category average)
• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) has a Morningstar rating of 3 and below
• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) is less safe compared to its Muni New York Long peers
• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) does not have a good risk adjusted return as its 3-year Alpha of -2.47 is worse than category average of -1.94, and its 3-year Sharpe ratio is 0.11
• Franklin NY Insured Tax-Free Inc A Fund (FRNYX) carries a 4.25% load

See Franklin NY Insured Tax-Free Inc A Fund (FRNYX) performance details as of January 31, 2010

  

  

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Franklin NY Insured Tax-Free Inc A Fund (FRNYX) Net Asset

Track net asset change of Franklin NY Insured Tax-Free Inc A fund (FRNYX)

Date	Net Asset
01/2010	$380.36M
11/2009	$440.61M
10/2009	$444.73M

More historic net asset information on Franklin NY Insured Tax-Free Inc A Fund (FRNYX)

  

Franklin NY Insured Tax-Free Inc A Fund (FRNYX) Portfolio Allocation

Track portfolio allocation change of Franklin NY Insured Tax-Free Inc A fund (FRNYX)

Date	Cash	Stock	Bond	Other
09/2009	0.95%	0%	99.05%	0%
06/2009	0%	0%	100%	0%
03/2009	0.86%	0%	99.14%	0%

Click here to see more historic asset allocation information on Franklin NY Insured Tax-Free Inc A Fund (FRNYX)

  

Most Recent Top 10 Holdings in Franklin NY Insured Tax-Free Inc A Fund (FRNYX)

Discover what Franklin NY Insured Tax-Free Inc A Fund (FRNYX) manager is buying

30-Sep-09 New York St Dorm Auth 5% [3.93%] New York N Y City Edl Constr F Rev Bd 5% [3.9%] Rensselaer N Y City Sch Dist 5% [3.34%] Metropolitan Transn Auth 5% [3.13%] Metropolitan Transn Auth 5% [2.96%] HUDSON YDS INFRASTRUCTURE CORP REV BDS [2.84%] New York St Dorm Auth 5.25% [2.61%] New York St Dorm Auth 5% [2.29%] New York St Dorm Auth 5% [2.12%] New York St Dorm Auth 5% [2.06%]

30-Jun-09 New York N Y City Edl Constr F Rev Bd 5% [3.96%] New York St Dorm Auth 5% [3.85%] Rensselaer N Y City Sch Dist 5% [3.17%] Metropolitan Transn Auth 5% [3.11%] Metropolitan Transn Auth 5% [3.06%] Hudson Yds Infrasct Corp Rev Bds 5% [2.67%] New York St Dorm Auth 5% [2.35%] New York Convention Ctr Dev Co Rev Bd 5% [2.33%] New York St Dorm Auth 5.25% [2.33%] New York St Dorm Auth 5% [2.16%]

31-Mar-09 New York N Y City Edl Constr F Rev Bd 5% [4.03%] New York St Dorm Auth 5% [3.95%] Rensselaer N Y City Sch Dist 5% [3.2%] METROPOLITAN TRANSN AUTH N Y D DEDICATED [2.96%] HUDSON YDS INFRASTRUCTURE CORP REV BDS [2.59%] New York St Dorm Auth 5% [2.37%] New York St Dorm Auth 5.25% [2.35%] New York Convention Ctr Dev 5% [2.23%] New York St Dorm Auth 5% [2.2%] New York St Dorm Auth 5% [2.12%]

Click here for Stock Holding Change Map in Franklin NY Insured Tax-Free Inc A Fund (FRNYX)

  

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See more information on Franklin NY Insured Tax-Free Inc A Fund (FRNYX)

• Franklin NY Insured Tax-Free Inc A Fund Insights
• Franklin NY Insured Tax-Free Inc A Fund Performance Data
• Franklin NY Insured Tax-Free Inc A Fund News
• Franklin NY Insured Tax-Free Inc A Fund Score Explaination
• Franklin NY Insured Tax-Free Inc A Fund Manager Information
• Historic Franklin NY Insured Tax-Free Inc A Fund Asset Allocation Report
• Historic Franklin NY Insured Tax-Free Inc A Fund Top 10 Holding Tracking
• Historic Franklin NY Insured Tax-Free Inc A Fund Asset Under Management Tracking