About FNJQX
Franklin New Jersey Tax-Free Income Fund Class A is a fixed income mutual fund primarily focused on generating income that is exempt from both federal and New Jersey state personal income taxes. It invests at least 80% of its net assets in municipal bonds issued by entities associated with New Jersey, including state and local governments, agencies, and authorities. The fund's holdings are diversified across various municipal sectors such as infrastructure, healthcare, transportation, and economic development, reflecting its broad exposure to the state's fiscal activities. The portfolio typically exhibits medium credit quality and moderate-to-extensive interest rate sensitivity, with an effective duration indicative of intermediate-to-long-term municipal bonds. Designed to appeal to New Jersey residents seeking tax-advantaged income, the fund plays a specialized role in the municipal bond market by channeling capital towards public projects while providing investors with largely tax-exempt returns. Its structure, management approach, and expense profile align it with other state-specific municipal bond funds that serve as tools for localized tax efficiency and portfolio diversification.
Fund Family Franklin Templeton, Inc
Category Muni New Jersey
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FNJQX
Share Class Class A
Index Bloomberg Municipal Bond TR
FNJQX had a total return of -1.75% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.23%.
