FNJZX – Franklin NJ Tax Free Income Adv Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with as high a level of income exempt from federal income taxes and from personal income taxes, if any, for resident shareholders of New Jersey as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its net assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FNJZX	Franklin New Jersey Tax Free Income Fund Advisor Class	No Load	Open			Jul 1, 2008	$210.18M	0.600%	Average	$0	−$23.71M
FRNJX	Franklin New Jersey Tax Free Income Fund Class A1	Front Load	Limited			May 12, 1988	$239.77M	0.700%	Low	$1,000	−$32.33M
FNJQX	Franklin New Jersey Tax Free Income Fund Class A	Front Load	Open			Sep 10, 2018	$239.25M	0.850%	High	$1,000	−$3.48M
FNIIX	Franklin New Jersey Tax Free Income Fund Class C	Level Load	Open			May 1, 1995	$11.53M	1.240%	Low	$1,000	−$3.21M
FNJRX	Franklin New Jersey Tax Free Income Fund Class R6	Retirement, Large	Open			Aug 1, 2017	$53.44M	0.530%	Below Average	$0	$5.72M

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