Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
Franklin NJ Tax Free Income C FNIIX
- NAV / 1-Day Return 10.36 / +0.01 %
- Total Assets 735.1 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.220%
- 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 2.46%
- Effective Duration 6.46 years
USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:14 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 23.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
NEWARK N J HSG AUTH PORT AUTH PORT NEWARK MARINE TERM RENT 4% | 2.85 | 21.2 Mil | municipal |
DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV 5% | 2.79 | 20.7 Mil | municipal |
NEW JERSEY HEALTH CARE FACS FING AUTH REV 5% | 2.57 | 19.1 Mil | municipal |
TOBACCO SETTLEMENT FING CORP N J 5.25% | 2.43 | 18.0 Mil | municipal |
NEW JERSEY ST EDL FACS AUTH REV 5% | 2.24 | 16.6 Mil | municipal |
NEW JERSEY ST TPK AUTH TPK REV 5% | 2.22 | 16.5 Mil | municipal |
NEW JERSEY ST TPK AUTH TPK REV 5% | 2.18 | 16.2 Mil | municipal |
NEW JERSEY HEALTH CARE FACS FING AUTH 5% | 2.12 | 15.8 Mil | municipal |
NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5% | 1.91 | 14.2 Mil | municipal |
DELAWARE RIV & BAY AUTH DEL REV 4% | 1.68 | 12.5 Mil | municipal |