---
ticker: "FTNJ"
name: "Franklin New Jersey Municipal Income ETF"
url: "https://etf.net/etf/FTNJ"
grade: "B"
score: 57
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "30 of 63"
methodology: "https://etf.net/methodology"
---

# FTNJ: Franklin New Jersey Municipal Income ETF

Grade **B**, Score 57 of 100. Rank 30 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 41 | 33 of 63 |
| Mission | 84 | 39 of 59 |
| Risk | 56 | 20 of 63 |
| Tradability | 55 | 27 of 63 |
| Holdings | 40 | 49 of 63 |
| Durability | 66 | 24 of 63 |

## Top holdings

The fund holds 173 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | PGLXX | Putnam Govt Mmkt Fnd-P | 4.91% |
| 2 | — | Nj Hlth Var-B-Vi Frn 7/43 | 3.28% |
| 3 | — | Port Auth Cons 6.125 6/94 | 2.74% |
| 4 | — | Nj Transprtn Tr 5.25 6/55 | 2.72% |
| 5 | — | Nj Hlth Care Fa 5.25 7/54 | 2.37% |
| 6 | — | Hudson Cnty Nj Im 3 10/35 | 1.68% |
| 7 | — | Nj Eductnl Facs 5.25 9/53 | 1.67% |
| 8 | — | Gloucester Co Impt 5 7/54 | 1.60% |
| 9 | — | Nj Transprtn Trust 5 6/56 | 1.56% |
| 10 | — | Delaware Rvr To 5.25 7/51 | 1.43% |
| 11 | — | New Jersey St Educ 4 7/50 | 1.38% |
| 12 | — | Bastrop Isd 5 2/53 | 1.36% |
| 13 | — | S Jersey Nj Tr 5.25 11/52 | 1.34% |
| 14 | — | Nj Eductnl Facs-B 5 7/51 | 1.33% |
| 15 | — | Nj Hlth Care Fac 5.5 7/38 | 1.19% |
| 16 | — | Nj Hlthcare Facs-R 5 7/41 | 1.15% |
| 17 | — | New Jersey St Eco 5 10/37 | 1.11% |
| 18 | — | Port Auth of New 5 11/44 | 1.10% |
| 19 | — | Nj Transprtn Tr 5.25 6/41 | 1.09% |
| 20 | — | Nj Hlth Care Fac Frn 7/61 | 1.09% |
| 21 | — | De River & Bay Aut 5 1/40 | 1.04% |
| 22 | — | New Jersey St-A 3 6/32 | 1.03% |
| 23 | — | S Jersey Nj Trans 5 11/45 | 1.02% |
| 24 | — | Nj Trn Fd Cab-Ser 0 12/33 | 1.01% |
| 25 | — | New Jersey St Eco 5 10/47 | 1.01% |
| 26 | — | Nj Hsg & Mtge Fin- 5 1/66 | 0.97% |
| 27 | — | Nj Econ Dev Auth-R 5 6/37 | 0.96% |
| 28 | — | S Jersey Transprt 4 11/39 | 0.84% |
| 29 | — | Nj Hgr Edu AUTH-1 5 12/35 | 0.84% |
| 30 | — | Nj Eductnl Facs Au 5 3/43 | 0.84% |

Source: etf.net, https://etf.net/etf/FTNJ. Please cite the page URL.