FNIIX Performance — Franklin New Jersey Tax-Free Income Fund, Class C
Data updated: 2026-07-27
FNIIX returned +1.47% year to date and +6.84% over one year to May 2026. Annualised returns are +3.22% over 3 years and +0.03% over 5 years. Against its Intermediate Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $110, against $111 for the category, and to $107 over one year, against $106. Volatility over the past three years was 5.76% a year. In the 12 months to May 2026 the fund took in a net $71.3M, and assets reached $828.25M.
FNIIX Growth of $100
What $100 invested in Franklin New Jersey Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FNIIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $106 |
| 3 years (Jun 2023 – May 2026) | $110 | $111 |
| 5 years (Jun 2021 – May 2026) | $100 | $104 |
| Since data start (Sep 2019 – May 2026) | $104 | $109 |
FNIIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.47% |
| 1 year | +6.84% |
| 3 years (annualised) | +3.22% |
| 5 years (annualised) | +0.03% |
FNIIX Annual Returns
Calendar-year total returns of Franklin New Jersey Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.47% |
| 2025 | +2.55% |
| 2024 | +1.85% |
| 2023 | +5.95% |
| 2022 | −11.32% |
| 2021 | +1.82% |
| 2020 | +3.41% |
| 2019 (Sep–Dec) | −0.48% |
FNIIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.2% | −2.0% | +1.3% | +0.4% | — | — | — | — | — | — | — |
| 2025 | −0.1% | +0.9% | −1.9% | −0.9% | −0.7% | +0.8% | −0.7% | +0.6% | +2.9% | +1.4% | +0.2% | −0.1% |
| 2024 | −0.1% | +0.1% | 0.0% | −1.1% | 0.0% | +1.7% | +0.8% | +0.4% | +0.9% | −1.3% | +1.6% | −1.2% |
| 2023 | +2.9% | −2.1% | +1.9% | +0.1% | −0.7% | +0.6% | +0.2% | −1.1% | −3.0% | −1.7% | +6.5% | +2.6% |
| 2022 | −2.7% | −0.7% | −2.8% | −3.4% | +0.8% | −2.4% | +2.5% | −2.5% | −4.0% | −1.1% | +4.9% | −0.3% |
| 2021 | +0.8% | −1.7% | +0.7% | +1.1% | +0.4% | +0.3% | +0.7% | −0.5% | −0.9% | −0.2% | +0.9% | +0.2% |
| 2020 | +1.7% | +1.3% | −4.4% | −2.7% | +2.9% | +0.9% | +1.7% | −0.4% | +0.1% | −0.4% | +2.0% | +0.9% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | −0.1% | +0.1% | +0.2% |
FNIIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.76%
- 3-year Sharpe ratio: -0.22 (vs 4.5% risk-free rate)
- Best month: +6.52% (Nov 2023)
- Worst month: −3.02% (Sep 2023)
FNIIX Fund Flows
Monthly money in and out of Franklin New Jersey Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: $71.3M
- 12-month gross sales (incl. reinvestments): $224.7M
- Sales ÷ redemptions: 1.46×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $11.3M | $8.6M | $2.6M |
| Apr 2026 | $7.9M | $8.4M | −$484K |
| Mar 2026 | $9.9M | $11.4M | −$1.5M |
| Feb 2026 | $10.4M | $8.1M | $2.3M |
| Jan 2026 | $10.9M | $9.6M | $1.4M |
| Dec 2025 | $8.4M | $20.4M | −$12.0M |
| Nov 2025 | $9.3M | $12.9M | −$3.6M |
| Oct 2025 | $8.5M | $12.8M | −$4.3M |
| Sep 2025 | $8.6M | $15.7M | −$7.1M |
| Aug 2025 | $18.1M | $13.9M | $4.2M |
| Jul 2025 | $72.6M | $16.9M | $55.7M |
| Jun 2025 | $48.8M | $14.5M | $34.3M |
FNIIX Assets Under Management
Net assets of Franklin New Jersey Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $828.25M |
| 2026-02-28 | $836.23M |
| 2025-11-30 | $835.54M |
| 2025-08-31 | $819.19M |
| 2025-05-31 | $724.18M |
| 2025-02-28 | $760.15M |
| 2024-11-30 | $725.42M |
| 2024-08-31 | $728.20M |
| 2024-05-31 | $727.97M |
| 2024-02-29 | $738.96M |
| 2023-11-30 | $732.16M |
| 2023-08-31 | $753.33M |
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.