Morningstar

Franklin New Jersey Tax Free Income Fund Class A FNJQX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $9.80  /  +0.82 %
  • Fund Size $746.1M
  • Adjusted Expense Ratio 0.850%
  • Net Expense Ratio 0.850%
  • Fee Level: Distribution High
  • Share Class Type Front Load
  • Morningstar Category Muni New Jersey
  • Fixed-Income Style Box (Funds) Medium/Extensive
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.31%
  • Average Effective Duration 7.99 yrs
NAV and 1-Day Return as of

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 19.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV 5%

2.63 20M
municipal

NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5%

2.40 18M
municipal

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

2.37 18M
municipal

TOBACCO SETTLEMENT FING CORP N J 5.25%

2.23 17M
municipal

NEW JERSEY ST TPK AUTH TPK REV 5.25%

2.03 15M
municipal

NEW JERSEY ST TPK AUTH TPK REV 5%

1.88 14M
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH 0.45%

1.60 12M
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

1.48 11M
municipal

DELAWARE RIV & BAY AUTH DEL REV 4%

1.42 11M
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 4%

1.38 10M
municipal

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