Franklin New Jersey Tax Free Income Fund Class A (FNJQX)

Fund Assets	816.91M
Expense Ratio	0.85%
Min. Investment	$1,000
Turnover	18.26%
Dividend (ttm)	0.32
Dividend Yield	3.14%
Dividend Growth	5.11%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	10.20
YTD Return	0.44%
1-Year Return	5.64%
5-Year Return	0.16%
52-Week Low	9.95
52-Week High	10.47
Beta (5Y)	n/a
Holdings	216
Inception Date	Sep 10, 2018

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 Investments
• 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

Performance

FNJQX had a total return of 5.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.66%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FNJHX	Fidelity	Fidelity New Jersey Municipal Income Fund	0.45%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FNJRX	Class R6	0.53%
FNJZX	Advisor Class	0.60%
FRNJX	Class A1	0.70%
FNIIX	Class C	1.24%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02916	Jul 31, 2026
Jun 30, 2026	$0.02661	Jun 30, 2026
May 29, 2026	$0.02719	May 29, 2026
Apr 30, 2026	$0.02623	Apr 30, 2026
Mar 31, 2026	$0.02767	Mar 31, 2026
Feb 27, 2026	$0.0233	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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