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Morningstar

Franklin NJ Tax Free Income Adv FNJZX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 10.35  /  0.10 %
  • Total Assets 758.5 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.570%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 2.93%
  • Effective Duration 6.96 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:20 PM GMT+00:00

Morningstar’s Analysis FNJZX

Will FNJZX 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 FNJZX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

Summary

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Weakness in Franklin NJ Tax Free Income Adv's Process and People Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Neutral. The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

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