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Morningstar

Franklin NJ Tax Free Income A1 FRNJX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.84  /  0.60 %
  • Total Assets 739.4 Mil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 3.02%
  • Effective Duration 6.69 years

USD | NAV as of Sep 25, 2023 | 1-Day Return as of Sep 25, 2023, 10:12 PM GMT+0

Morningstar’s Analysis FRNJX

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

People Pillar

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

Weakness in Franklin NJ Tax Free Income A1's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FRNJX

More FRNJX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 200
  • Other Holdings 1
  • % 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%

2.76
20,883,707
municipal

DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV 5%

2.69
20,332,387
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

2.49
18,803,639
municipal

TOBACCO SETTLEMENT FING CORP N J 5.25%

2.35
17,782,573
municipal

NEW JERSEY ST EDL FACS AUTH REV 5%

2.19
16,575,224
municipal

NEW JERSEY ST TPK AUTH TPK REV 5%

2.16
16,338,427
municipal

NEW JERSEY ST TPK AUTH TPK REV 5%

2.12
16,045,058
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH 3.65%

2.10
15,839,955
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH 5%

2.08
15,743,780
municipal

NEW JERSEY ST EDL FACS AUTH REV 5%

2.02
15,230,180
municipal