FNIIX Fees and Costs — Franklin New Jersey Tax-Free Income Fund, Class C
Data updated: 2026-07-27
The net expense ratio is 1.24%: a 0.48% management fee, a 0.65% 12b-1 fee plus 0.11% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $1K in broker commissions, 0.0001% of average net assets, and portfolio turnover was 18%.
FNIIX Fees and Expenses
Annual operating expenses and sales charges of FNIIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.65% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.24% |
| Fee waiver | — |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FNIIX Costs Over Time
On $10,000 invested in FNIIX, assuming 5% a year before costs, total costs come to $772 over 5 years, cutting the return by 1.30% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.24%) | $130 | $405 | $701 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $234 | $425 | $772 |
| Value after costs | $10,266 | $11,151 | $11,991 |
| Impact on return, per year | 2.34% | 1.30% | 1.30% |
FNIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $277.6M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
FNIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1K | 100.00% |
FNIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $66.6M | 27.50% |
| RBC Capital Markets, LLC | $52.5M | 21.67% |
| Wells Fargo Securities, LLC | $32.0M | 13.22% |
| Morgan Stanley & Co. LLC | $27.0M | 11.16% |
| FMSBONDS, INC. | $14.6M | 6.03% |
| Barclays Capital, Inc. | $13.4M | 5.51% |
| Goldman Sachs & Co. LLC | $12.5M | 5.15% |
| Samuel A. Ramirez & Company, Inc. | $9.2M | 3.81% |
| Raymond James & Associates, Inc. | $7.5M | 3.10% |
| BofA Securities, Inc. | $6.9M | 2.84% |
Franklin New Jersey Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FNJRX | Class R6 | 0.53% | none |
| FNJZX | Advisor Class | 0.60% | none |
| FRNJX | Class A1 | 0.70% | 3.75% |
| FNJQX | Class A | 0.85% | 3.75% |
| FNIIX | Class C | 1.24% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.