Franklin New Jersey Tax Free Income Fund Class A1 (FRNJX)

Fund Assets	749.47M
Expense Ratio	0.70%
Min. Investment	$1,000
Turnover	18.26%
Dividend (ttm)	0.33
Dividend Yield	3.42%
Dividend Growth	3.59%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.70
YTD Return	-3.58%
1-Year Return	-2.41%
5-Year Return	-0.62%
52-Week Low	9.55
52-Week High	10.45
Beta (5Y)	0.05
Holdings	225
Inception Date	May 12, 1988

About FRNJX

Franklin New Jersey Tax-Free Income Fund Class A1 is a municipal bond mutual fund designed to deliver income that is exempt from both regular federal income taxes and New Jersey state personal income taxes. The fund primarily invests in investment-grade municipal securities that are issued by various entities within New Jersey, supporting initiatives such as infrastructure development, healthcare, and transportation. By maintaining at least 80% of its net assets in federally tax-exempt securities, the fund targets investors seeking tax-advantaged income, particularly those residing in New Jersey. Notable for its diversified holdings across sectors like transportation authorities, healthcare facility finance, and economic development agencies, the fund plays a key role in channeling capital to essential public projects in the state. Its credit quality and interest rate sensitivity are considered moderate, and it offers a yield that appeals to investors focused on after-tax returns. With its municipal bond focus, the fund helps facilitate access to capital for local governments and authorities while providing shareholders a vehicle for income generation with a tax-efficient structure.

• Fund Family: Franklin Templeton, Inc
• Category: Muni New Jersey
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FRNJX
• Share Class: Class A1
• Index: Bloomberg Municipal Bond TR

Performance

FRNJX had a total return of -2.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.38%.

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	0.46%

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%
FNJQX	Class A	0.85%
FNIIX	Class C	1.24%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.028	Sep 30, 2026
Aug 31, 2026	$0.02689	Aug 31, 2026
Jul 31, 2026	$0.03056	Jul 31, 2026
Jun 30, 2026	$0.02789	Jun 30, 2026
May 29, 2026	$0.02851	May 29, 2026
Apr 30, 2026	$0.0275	Apr 30, 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:

Oct 16, 2026

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