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FTNJ

GradeCNew York Stock Exchange Arca

Franklin New Jersey Municipal Income ETF

Municipal Bond · Franklin Templeton · Inception 1990-02-20 · SEC filings

$8.34−0.10 (−1.13%)

As of Sep 23, 2026, 2:01 PM EDT

History starts Nov 10, 2025.History starts Nov 10, 2025.
Intraday session: down, 26 prints from 8.43 to 8.34. Range 8.34 to 8.43. Use the arrow keys to read each point.$8.36$8.40$8.4410 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$172M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
160
Volume · 30D
0.1M sh
NAV per share
$8.43
52W range
low $8.39high $8.91

The ETF.net FTNJ Grade

C

52/ 100

Rank 38 of 63 in Other Municipal Bond⁠

Confidence High

Six-pillar profile for FTNJ. Scores out of 100: Cost 36, Risk 50, Mission 77, Tradability 51, Holdings 40, Durability 66. Strongest: Mission (77). Weakest: Cost (36). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 36
    Category rank39/63 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 77
    Category rank39/57 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 50
    Category rank38/62 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 51
    Category rank29/63 · top 46%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 40
    Category rank48/63 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 66
    Category rank24/63 · top 38%

Graded as of Sep 22, 2026

Our read on FTNJ

ETF.net Research

CA New Jersey-only muni portfolio in an ETF wrapper: the mandate is current income exempt from both federal and New Jersey personal income tax, run off a Franklin strategy whose lineage goes back to 1990. Narrow by design, in a cohort ruled by national funds.

Stated mandate

The fund seeks a high level of current income exempt from federal income tax and New Jersey personal income tax.

Why people hold it

  1. 01The cohort's biggest names are national portfolios or other single states. This one is built for New Jersey, targeting income exempt from federal and NJ personal income tax.
  2. 02Roughly 160 municipal bonds pointed at one clearly stated job: a high level of double tax-exempt current income for New Jersey taxpayers.
  3. 03The strategy's lineage runs back to 1990, so this is a long-tenured muni mandate in ETF clothing, not a ticker minted last week for a theme.
  4. 04It stays close to what the prospectus promises: a plain muni income portfolio with no leverage, no derivatives overlay, no structural surprises.

Worth knowing

  1. 01The 0.35% annual fee sits above the typical muni ETF's. Index giants like VTEB and MUB cost a fraction, though neither is New Jersey-specific.
  2. 02One state, about 160 bonds. Concentration is the price of the state tax break, so New Jersey budget and credit news lands harder here than in a national fund.
  3. 03A modest asset base and only moderate trading mean spreads can matter more than in the mega national muni funds, and payouts arrive on an irregular schedule.

FTNJ Holdings

As of Sep 22, 2026, 9:35 PM
Asset class
Bonds
Holdings
160
Top-10 weight
22%
Largest holding
NJ HLTH VAR-B-VI FRN 7/433.5%
The fund’s holdings, weight-ordered — page 1 of 11.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—NJ HLTH VAR-B-VI FRN 7/433.49%6,000,000$6M2
002—NJ TRANSPRTN TR 5.25 6/502.93%5,000,000$5M1
003—PORT AUTH CONS 6.125 6/942.91%5,000,000$5M1
004—NJ HLTH CARE FA 5.25 7/542.58%4,365,000$4M1
005—NJ EDUCTNL FACS 5.25 9/531.82%3,100,000$3M1
006—HUDSON CNTY NJ IM 3 10/351.81%3,500,000$3M1
007—GLOUCESTER CO IMPT 5 7/541.75%3,000,000$3M1
008—DELAWARE RVR TO 5.25 7/511.56%2,600,000$3M1
009—NEW JERSEY ST EDUC 4 7/501.53%3,250,000$3M1
010—BASTROP ISD 5 2/531.50%2,600,000$3M2
011—NJ EDUCTNL FACS-B 5 7/511.47%2,500,000$3M1
012—S JERSEY NJ TR 5.25 11/521.46%2,500,000$3M1
013—NJ HLTH CARE FAC 5.5 7/381.30%2,000,000$2M1
014—PORT AUTH OF NEW 5 11/441.19%2,000,000$2M2
015—NJ HLTHCARE FACS-R 5 7/411.17%2,015,000$2M1

Showing 1–15 of 162 holdings

FTNJ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FTNJ$9,867
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. FTNJ $9,867. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FTNJ. Periods over one year show the average yearly return.
PeriodFTNJ
Year to date−1.3%
1 month−2.2%
3 months−3.4%
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FTNJ
YearReturn barFTNJ
2026 YTD−1.3%
2025+0.3%

History from Nov 10, 2025

FTNJ in the news

ETF.net Research hasn’t filed on FTNJ yet — coverage lands here as it’s written.

FTNJ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 10 payments from 2025 to 2026 YTD. Dec 1, 2025 $0.02; Dec 19, 2025 $0.03; Feb 2, 2026 $0.03; Mar 2, 2026 $0.02; Apr 1, 2026 $0.03; May 1, 2026 $0.03; Jun 1, 2026 $0.03; Jul 1, 2026 $0.03; Aug 3, 2026 $0.03; Sep 1, 2026 $0.02. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 4, 2026$0.02
Aug 3, 2026Aug 6, 2026$0.03
Jul 1, 2026Jul 7, 2026$0.03
Jun 1, 2026Jun 4, 2026$0.03
May 1, 2026May 6, 2026$0.03
Apr 1, 2026Apr 6, 2026$0.03
Mar 2, 2026Mar 5, 2026$0.02
Feb 2, 2026Feb 5, 2026$0.03
Dec 19, 2025Dec 24, 2025$0.03
Dec 1, 2025Dec 4, 2025$0.02

FTNJ Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
No data available
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.96
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FTNJ Cost

Expense ratio0.35%
  • The middle half of Other Municipal Bond funds
  • Median 0.30%

35 of the 62 Other Municipal Bond funds charge less.

FTNJ costs $35.00 a year on $10,000. The median Other Municipal Bond fund costs $30.00.