Franklin New Jersey Municipal Income ETF

Frequently Asked Questions About FTNJ

What does FTNJ invest in?

The primary goal of this ETF is to generate the highest possible current income, free from both federal and New Jersey personal income taxes, while diligently protecting the invested capital.

What is the expense ratio of FTNJ?

Franklin New Jersey Municipal Income ETF (FTNJ) charges an expense ratio of 0.36%. This is the annual fee deducted from fund assets to cover management and operations.

What is FTNJ's dividend yield?

FTNJ's trailing-twelve-month yield is 3.15%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FTNJ?

Effective duration measures FTNJ's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FTNJ's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FTNJ?

FTNJ's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FTNJ?

Yield to maturity (YTM) is the total return you'd earn from FTNJ if every bond in the portfolio is held to maturity at the current price. FTNJ's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.