About FNJRX
Franklin New Jersey Tax-Free Income Fund Class R6 is a municipal bond mutual fund designed to provide income exempt from federal and New Jersey state income taxes. The fund primarily invests at least 80% of its assets in securities whose interest is exempt from federal income taxes, including the federal alternative minimum tax, with a portfolio focused on New Jersey municipal debt. By targeting municipal bonds issued by government entities, agencies, and authorities within New Jersey, the fund supports projects such as infrastructure, healthcare, and housing, contributing to local development. It maintains medium credit quality and moderate interest rate sensitivity, with a portfolio structure emphasizing diversified exposure to issuers like transportation, healthcare facilities, tobacco settlement authorities, and economic development commissions. The fund is especially relevant for investors seeking tax-efficient income and plays a specialized role in meeting the needs of residents in New Jersey who benefit most from its dual tax-exempt focus. As a Class R6 share, this fund generally caters to institutional investors by offering a lower expense structure compared to retail share classes.
Fund Family Franklin Templeton Investments
Category Muni New Jersey
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FNJRX
Share Class Class R6
Index Bloomberg Municipal Bond TR
FNJRX had a total return of 4.94% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.33%.
