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Launched · SEC filings

Franklin New Jersey Municipal Income ETF

FTNJNYSE ArcaFranklin TempletonB

$8.54−0.04 (−0.47%)

As of Nov 10, 2026, 11:15 AM ET

B58/ 100

Rank 29 of 63 in Other Municipal Bond

B58/100Rank 29 of 63inOther Municipal Bond
Intraday session: down, 22 prints from 8.59 to 8.54. Range 8.52 to 8.55. Use the arrow keys to read each point.8.528.538.568.5710 AM12 PM2 PM4 PM
Expense ratio
0.35%*
Fund size
$201M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
186
Avg volume · 30D
178K sh
52W range
low $8.17high $8.91
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 0.36%.

The ETF.net FTNJ Grade

B

Score 58 out of 100

Category
Other Municipal Bond⁠
Rank
29 of 63
Six-pillar profile for FTNJ. Scores out of 100: Cost 35, Risk 72, Mission 87, Tradability 54, Holdings 38, Durability 65. Strongest: Mission (87). Weakest: Cost (35). Leans toward Mission.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D35 out of 100
    Rank 37 of 63

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A87 out of 100
    Rank 38 of 59

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A72 out of 100
    Rank 4 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C54 out of 100
    Rank 27 of 63

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 51 of 63

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B65 out of 100
    Rank 24 of 63

Our read on FTNJ

ETF.net Research

In short

BA 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

  • The 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.
  • Roughly 160 municipal bonds pointed at one clearly stated job: a high level of double tax-exempt current income for New Jersey taxpayers.
  • The 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.
  • It stays close to what the prospectus promises: a plain muni income portfolio with no leverage, no derivatives overlay, no structural surprises.

Worth knowing

  • The 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.
  • One 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.
  • A 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 Performance

Launched Feb 20, 1990

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FTNJ$10,119
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,124
Dec 31, 2025 to Nov 9, 2026. FTNJ $10,119. SPY $11,124. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Nov 2026

Dec 31, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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+1.2%
1 month+4.3%
3 months−0.3%
1 yearHistory unavailableNo data
3 yearsHistory unavailableper yearNo data
5 yearsHistory unavailableper yearNo data
10 yearsHistory unavailableper yearNo data

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+1.2%
2025+0.3%

History from Nov 10, 2025

FTNJ in the news

FTNJ Dividends

Last payment
$0.03 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. 12 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; Oct 1, 2026 $0.03; Nov 2, 2026 $0.03. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Nov 5, 2026$0.03
Oct 1, 2026Oct 6, 2026$0.03
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

$10,000 in FTNJ 1 year ago paid $353 in dividends.

FTNJ Risk

Risk pillarA72 out of 100Rank 4 of 63 in Other Municipal Bond
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.

FMP measures it over up to five years of monthly returns.

FTNJ Cost

Compare FTNJ and VTEB

Overpaying vs VTEB, tied cheapest in Other Municipal Bond

$6,488

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FTNJ 0.35%

    $7,126

  • VTEB 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • FTNJ 0.35%
  • VTEB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FTNJ $7,126VTEB $638

Year by year

YearFTNJVTEBOverpaying
10$634$55$579
20$2,454$216$2,238
30$7,126$638$6,488
How the 0.35% is worked out

Full fee 0.36%− waiver 0.01%= you pay 0.35%

The waiver ends Sep 30, 2027. After that the fee is 0.36% unless Franklin Templeton renews it. Source: prospectus, Sep 2026.

Other funds in Other Municipal Bond

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