FNIIX

About FNIIX

Franklin New Jersey Tax-Free Income Fund Class C is a municipal bond mutual fund focused on generating income that is exempt from both federal income taxes and New Jersey personal income taxes for its investors. Its primary function is to invest at least 80% of its assets in municipal securities whose interest is not subject to federal income tax, including the federal alternative minimum tax, and which typically also qualify for New Jersey state tax exemption. The fund primarily serves individuals seeking tax-advantaged income, especially residents of New Jersey aiming to maximize after-tax returns. By concentrating on New Jersey municipal bonds, the fund contributes to state and local infrastructure projects, such as schools, roads, and healthcare facilities, thereby supporting community development. Franklin New Jersey Tax-Free Income Fund Class C plays a significant role for investors interested in stable, tax-exempt income with a regional focus, helping to provide diversification within fixed income portfolios while supporting public sector financing needs in the state.