Franklin New Jersey Tax Free Income Fund Class A1 (FRNJX)
| Fund Assets | 828.25M |
| Expense Ratio | 0.68% |
| Min. Investment | $1,000 |
| Turnover | 18.26% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.06% |
| Dividend Growth | 3.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 10.37 |
| YTD Return | 2.03% |
| 1-Year Return | 7.63% |
| 5-Year Return | 4.48% |
| 52-Week Low | 9.85 |
| 52-Week High | 10.45 |
| Beta (5Y) | n/a |
| Holdings | 218 |
| 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.
Performance
FRNJX had a total return of 7.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.57%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.02851 | May 29, 2026 |
| Apr 30, 2026 | $0.0275 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02894 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02426 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02824 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02906 | Dec 31, 2025 |