Morningstar

Franklin NJ Tax Free Income Adv FNJZX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.48  /  +0.10 %
  • Total Assets 729.4 Mil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.18%
  • Effective Duration 6.59 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:09 PM GMT+0

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.

A decline in People Pillar rating is the primary driver of Franklin NJ Tax Free Income Adv's downgrade to a Morningstar Medalist Rating of Negative from Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FNJZX

More FNJZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV

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NEW JERSEY HEALTH CARE FACS FING AUTH REV

2.59 18.9 Mil
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TOBACCO SETTLEMENT FING CORP N J

2.44 17.8 Mil
municipal

NEW JERSEY ST TPK AUTH TPK REV

2.24 16.4 Mil
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NEW JERSEY ST TPK AUTH TPK REV

2.20 16.1 Mil
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NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV

1.94 14.1 Mil
municipal

DELAWARE RIV & BAY AUTH DEL REV

1.73 12.6 Mil
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NEW JERSEY HEALTH CARE FACS FING AUTH REV

1.61 11.8 Mil
municipal

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