Western Asset New Jersey Municipals Fund Class I (LNJIX)
| Fund Assets | 154.71M |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.32% |
| Dividend Growth | -0.12% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.72 |
| YTD Return | 1.24% |
| 1-Year Return | 5.17% |
| 5-Year Return | 7.21% |
| 52-Week Low | 10.74 |
| 52-Week High | 11.73 |
| Beta (5Y) | n/a |
| Holdings | 84 |
| Inception Date | Oct 4, 2007 |
About LNJIX
Western Asset New Jersey Municipals Fund Class I is a municipal bond mutual fund focused on providing investors, particularly those residing in New Jersey, with a high level of tax-exempt income. The fund primarily invests at least 80% of its assets in municipal bonds issued by New Jersey state and local governments, with the goal of generating income that is exempt from both regular federal income tax and New Jersey state personal income tax. This makes it especially attractive to investors seeking tax-advantaged income within that state. The portfolio may include bonds of varying maturities—long, intermediate, and short-term—and typically targets issuers with strong credit quality to help manage risk. Its performance is periodically benchmarked against broad municipal bond indices and peer New Jersey municipal funds, reflecting its comparative role in the market for state-specific, tax-advantaged fixed income products. By concentrating on municipal securities, the fund plays a significant role in supporting public infrastructure projects while serving the needs of tax-sensitive investors in its region.
Performance
LNJIX had a total return of 5.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.16%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03368 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03497 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03039 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0354 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03104 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03398 | Aug 29, 2025 |