About FNJZX
Franklin New Jersey Tax-Free Income Fund Advisor Class is a municipal bond mutual fund designed to provide income that is free from both federal and New Jersey state income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued by entities within New Jersey. These securities typically include a diverse range of debt instruments, such as general obligation bonds, revenue bonds, and notes from local governments, state agencies, and municipal authorities. This strategy serves to support local infrastructure, public projects, and essential services within New Jersey.
The fund is managed by a team with extensive experience in municipal markets and focuses on credit analysis to assess the quality and stability of its holdings. Its investment approach balances long-, intermediate-, and short-duration bonds, aiming to manage interest rate and credit risk. The fund is positioned to appeal particularly to New Jersey residents who seek tax-advantaged income, making it relevant for both individual and institutional investors with an interest in municipal finance. Its role in the market is to facilitate efficient capital allocation to New Jersey’s public sector while offering investors the benefit of tax-exempt income streams.
Fund Family Franklin Templeton, Inc
Category Muni New Jersey
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FNJZX
Share Class Advisor Class
Index Bloomberg Municipal Bond TR
FNJZX had a total return of -1.41% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.44%.
