Morningstar

Franklin NJ Tax Free Income A1 FRNJX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.47  /  +0.10 %
  • Total Assets 729.4 Mil
  • Adj. Expense Ratio
    0.680%
  • Expense Ratio 0.680%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 3.09%
  • Effective Duration 6.59 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:13 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.

A lowering of People Pillar rating is the primary driver of Franklin NJ Tax Free Income A1's downgrade to a Morningstar Medalist Rating of Negative from Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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

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Portfolio Holdings FRNJX

More FRNJX 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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NEWARK N J HSG AUTH PORT AUTH PORT NEWARK MARINE TERM RENT

2.88 21.0 Mil
municipal

DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV

2.79 20.4 Mil
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NEW JERSEY HEALTH CARE FACS FING AUTH REV

2.59 18.9 Mil
municipal

TOBACCO SETTLEMENT FING CORP N J

2.44 17.8 Mil
municipal

NEW JERSEY ST TPK AUTH TPK REV

2.24 16.4 Mil
municipal

NEW JERSEY ST TPK AUTH TPK REV

2.20 16.1 Mil
municipal

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
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV

1.61 11.8 Mil
municipal

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