Morningstar

Franklin New Jersey Tax Free Income Fund Class A FNJQX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.38  /  0.00
  • Total Assets 830.9M
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.850%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.04%
  • Effective Duration 7.61 years

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FNJQX

Will FNJQX outperform in the 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 FNJQX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FNJQX 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 FNJQX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin NJ Tax Free Income A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FNJQX

More FNJQX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV 5%

2.43 20M
municipal

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

2.36 20M
municipal

NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5%

2.33 19M
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

2.27 19M
municipal

TOBACCO SETTLEMENT FING CORP N J 5.25%

2.10 17M
municipal

NEW JERSEY ST TPK AUTH TPK REV 5.25%

1.96 16M
municipal

NEW JERSEY ST TPK AUTH TPK REV 5%

1.86 15M
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH 1.8%

1.85 15M
municipal

DELAWARE RIV & BAY AUTH DEL REV 4%

1.53 13M
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 4%

1.41 12M
municipal

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