Franklin New Jersey Tax Free Income Fund

Scorecard
3 / 5 Stars
Lipper
2 2 2 5 5
Zacks Investment Research
4 (Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
C (Hold)

#7 in Muni New Jersey

U.S. News evaluated 14 Muni New Jersey Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 2.44 percent over the past year, 4.17 percent over the past three years, 4.82 percent over the past five years, and 4.36 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 5.5%
1 Year 2.4%
3 Years (Annualized) 4.2%
5 Years (Annualized) 4.8%
10 Years (Annualized) 4.4%

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Summary

The investment seeks to provide investors with as high a level of income exempt from federal income taxes and from personal income taxes, if any, for resident shareholders of New Jersey as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its net assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.

Fees

Fees are Below Average compared to funds in the same category.
Franklin New Jersey Tax Free Income Fund has an expense ratio of 0.63 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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See Also:

Top Franklin Templeton Investments Funds