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Morningstar

Franklin NJ Tax Free Income C FNIIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.51  /  +0.12 %
  • Total Assets 734.7 Mil
  • Adj. Expense Ratio
    1.230%
  • Expense Ratio 1.230%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.50%
  • Effective Duration 6.59 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FNIIX

Will FNIIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FNIIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FNIIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FNIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin NJ Tax Free Income C to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FNIIX

More FNIIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEWARK N J HSG AUTH PORT AUTH PORT NEWARK MARINE TERM RENT 4%

2.89 21.3 Mil
municipal

DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV 5%

2.80 20.6 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

2.61 19.2 Mil
municipal

TOBACCO SETTLEMENT FING CORP N J 5.25%

2.40 17.7 Mil
municipal

NEW JERSEY ST TPK AUTH TPK REV 5%

2.25 16.5 Mil
municipal

NEW JERSEY ST TPK AUTH TPK REV 5%

2.21 16.2 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH 5%

2.17 15.9 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5%

1.90 14.0 Mil
municipal

DELAWARE RIV & BAY AUTH DEL REV 4%

1.74 12.8 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 4%

1.63 12.0 Mil
municipal