Franklin New Jersey Municipal Income ETF (FTNJ) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 0.96: the stock has moved about 4% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerFranklin New Jersey Municipal Income ETF (FTNJ) trades at $8.26. Franklin New Jersey Municipal Income ETF (FTNJ) aims for high current income exempt from federal and New Jersey income taxes. Sector: Financials.
Price as of · Last analyzed: Mar 18, 2026Analyst Coverage for FTNJ: FTNJ does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Franklin New Jersey Municipal Income ETF (FTNJ) Financial Services Profile
Franklin New Jersey Municipal Income ETF (FTNJ) provides investors with a tax-advantaged income stream by investing in New Jersey municipal bonds. The fund differentiates itself by focusing exclusively on New Jersey municipal debt, offering state-specific tax benefits within the broader asset management landscape, targeting preservation of capital.
What Is the Investment Thesis for FTNJ?
Franklin New Jersey Municipal Income ETF (FTNJ) presents a targeted investment opportunity for those seeking tax-exempt income within the New Jersey municipal bond market. The fund's value proposition hinges on its ability to deliver a high level of current income while preserving capital, all within a tax-advantaged framework. Key drivers include the creditworthiness of New Jersey municipalities and the overall health of the state's economy. However, potential investors must consider the risks associated with municipal bonds, including interest rate sensitivity and credit risk. The fund's performance is also tied to the fiscal stability of New Jersey. The ETF's expense ratio and management fees will impact net returns. Growth catalysts include increased demand for tax-exempt income and favorable developments in New Jersey's economic outlook.
Based on FMP financials and quantitative analysis
FTNJ Key Highlights
Market capitalization of $0.15 billion indicates a relatively small fund within the broader ETF market.
- Beta of 0.96 suggests the fund's price movements are slightly less volatile than the overall market.
- The fund's objective is to provide income exempt from federal and New Jersey income taxes.
- Managed by Franklin Templeton, a global investment management organization with extensive experience in fixed-income investing.
- The fund invests primarily in municipal bonds issued by the State of New Jersey and its political subdivisions.
Who Are FTNJ's Competitors?
FTNJ is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| MUB iShares National Muni Bond ETF | $100.96 | -0.37% | $44.0B | — |
| BLK BlackRock, Inc. | $1059.63 | -0.44% | $164B | 51 5-pillar |
| BX Blackstone Inc. | $111.74 | -0.45% | $135B | 68 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | -0.23% | $74.8B | 56 5-pillar |
| BAM Brookfield Asset Management | $44.85 | +0.65% | $71.6B | 57 5-pillar |
| AMP Ameriprise Financial, Inc. | $490.91 | -0.79% | $44.1B | 77 5-pillar |
| ARES Ares Management Corporation | $117.55 | +0.84% | $38.6B | 57 5-pillar |
| TROW T. Rowe Price Group, Inc. | $104.62 | -1.14% | $22.4B | 80 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FTNJ's Key Strengths?
Tax-exempt income stream.
- Focus on New Jersey municipal bonds.
- Experienced management team at Franklin Templeton.
- Relatively low beta, indicating lower volatility compared to the overall market.
What Are FTNJ's Weaknesses?
Concentrated exposure to the New Jersey municipal bond market.
- Vulnerability to changes in New Jersey's economy and fiscal health.
- Potential for interest rate risk.
- Small market capitalization compared to larger ETF competitors.
What Are the Key Risks for FTNJ?
Rising interest rates could negatively impact the value of the fund's bond holdings.
- Deterioration of New Jersey's economy and fiscal health could lead to credit downgrades and defaults.
- Changes in federal or state tax laws could reduce the attractiveness of tax-exempt municipal bonds.
- Market volatility and economic uncertainty could impact investor sentiment and demand for the fund.
What Are FTNJ's Competitive Advantages?
- Tax-Exempt Income: Provides income that is exempt from federal and New Jersey income taxes, a significant advantage for investors in high-tax brackets.
- State-Specific Focus: Specializes in New Jersey municipal bonds, offering investors targeted exposure to the state's debt market.
- Experienced Management: Managed by Franklin Templeton, a global investment management firm with extensive expertise in fixed-income investing.
What Does FTNJ Do?
Franklin New Jersey Municipal Income ETF (FTNJ) is a closed-end management investment company. The fund's primary objective is to seek as high a level of current income as is consistent with preservation of capital, exempt from federal income tax and New Jersey personal income tax. FTNJ achieves this by investing primarily in municipal bonds issued by the State of New Jersey and its various political subdivisions. These bonds fund essential public services and infrastructure projects within the state. The ETF is managed by Franklin Templeton, a global investment management organization founded in 1947. Franklin Templeton has decades of experience in managing fixed-income portfolios, including municipal bonds. FTNJ leverages this expertise to actively manage its portfolio, seeking to identify undervalued bonds and optimize its holdings for both income and credit quality. The fund's investment strategy involves rigorous credit analysis and ongoing monitoring of the New Jersey municipal bond market. FTNJ aims to provide a stable and tax-efficient income stream for New Jersey residents and other investors seeking exposure to the state's municipal debt market.
What Products and Services Does FTNJ Offer?
- Invests primarily in municipal bonds issued by the State of New Jersey and its political subdivisions.
- Seeks to provide a high level of current income exempt from federal and New Jersey income taxes.
- Actively manages a portfolio of New Jersey municipal bonds.
- Conducts rigorous credit analysis to assess the creditworthiness of bond issuers.
- Monitors the New Jersey municipal bond market for investment opportunities.
- Provides a tax-efficient investment option for New Jersey residents and other investors.
How Does FTNJ Make Money?
- Generates income from interest payments on the municipal bonds held in its portfolio.
- Passes through the tax-exempt income to its shareholders.
- Charges a management fee to cover its operating expenses and investment management services.
What Industry Does FTNJ Operate In?
The asset management industry is highly competitive, with numerous firms offering a wide range of investment products, including ETFs focused on municipal bonds. FTNJ operates within this landscape by specializing in New Jersey municipal debt, carving out a niche for investors seeking state-specific tax benefits. The municipal bond market is influenced by factors such as interest rates, credit ratings, and the overall economic health of the issuing municipalities. Demand for municipal bonds is often driven by investors seeking tax-exempt income, particularly in high-tax states like New Jersey.
Who Are FTNJ's Key Customers?
- Individual investors seeking tax-exempt income.
- Financial advisors looking for tax-advantaged investment options for their clients.
- Institutions seeking exposure to the New Jersey municipal bond market.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is an etf, not an operating company
FTNJ Financials
Bull Case vs Bear Case
Bull Case
- Tax-exempt income stream.
- Focus on New Jersey municipal bonds.
- Experienced management team at Franklin Templeton.
- Relatively low beta, indicating lower volatility compared to the overall market.
Bear Case
- Concentrated exposure to the New Jersey municipal bond market.
- Vulnerability to changes in New Jersey's economy and fiscal health.
- Potential for interest rate risk.
- Small market capitalization compared to larger ETF competitors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FTNJ Latest News
No recent news available for FTNJ.
FTNJ Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for FTNJ.
Price Targets
Wall Street price target analysis for FTNJ.
FTNJ MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for FTNJ; grades run from A+ (80-100) to F (below 30).
Leadership: Mehdi Mahmud
CEO
Mehdi Mahmud serves as the CEO of Franklin Templeton Investment Management Limited. His career within Franklin Templeton spans several decades, during which he has held various leadership positions across different business units. Mahmud's expertise lies in investment management, product development, and strategic planning. He has a deep understanding of global financial markets and a proven track record of driving business growth. His academic background includes advanced degrees in finance and economics.
Track Record: Under Mehdi Mahmud's leadership, Franklin Templeton Investment Management Limited has achieved significant milestones, including the successful launch of innovative investment products and the expansion of its global footprint. He has been instrumental in navigating the company through periods of market volatility and economic uncertainty. Mahmud's strategic decisions have contributed to the company's strong financial performance and its reputation as a leading asset manager.
FTNJ Financials Stock FAQ
What are the main risks for FTNJ?
The main risks for FTNJ include interest rate risk, credit risk, and concentration risk. Rising interest rates could negatively impact the value of the fund's bond holdings. A deterioration of New Jersey's economy and fiscal health could lead to credit downgrades and defaults.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Reliance on available data sources for company information.