Western Asset New Jersey Municipals I (LNJIX)
| Fund Assets | 146.06M |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.34% |
| Dividend Growth | -1.04% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.54 |
| YTD Return | 0.28% |
| 1-Year Return | 0.39% |
| 5-Year Return | 6.40% |
| 52-Week Low | 11.05 |
| 52-Week High | 11.80 |
| Beta (5Y) | n/a |
| Holdings | 92 |
| 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 0.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.11%.
Top 10 Holdings
37.19% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW JERSEY ST TRANSN TR FD AUTH 5% | NJ.NJSTRN 5 06.15.2042 | 4.89% |
| TOBACCO SETTLEMENT FING CORP N J 5% | NJ.TOBGEN 5 06.01.2046 | 4.40% |
| NEW JERSEY ECONOMIC DEV AUTH MTR VEH SURCHARGES REV 4% | NJ.NJSDEV 4 07.01.2032 | 4.35% |
| NEW JERSEY ST TPK AUTH TPK REV 5% | NJ.NJSTRN 5 01.01.2040 | 4.13% |
| NEW JERSEY HEALTH CARE FACS FING AUTH 5% | NJ.NJSMED 5 07.01.2046 | 3.84% |
| NEW JERSEY ECONOMIC DEV AUTH REV 5% | NJ.NJSDEV 5 06.01.2042 | 3.38% |
| NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5% | NJ.NJSDEV 5 10.01.2047 | 3.20% |
| PORT AUTH N Y & N J 5% | NY.PORTRN 5 10.15.2041 | 3.13% |
| NEW JERSEY ST TRANSN TR FD AUTH 4.25% | NJ.NJSTRN 4.25 06.15.2044 | 3.09% |
| NEW JERSEY ST TRANSN TR FD AUTH 5% | NJ.NJSTRN 5 06.15.2030 | 2.78% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03398 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03276 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03055 | Jun 30, 2025 |
| May 30, 2025 | $0.03355 | May 30, 2025 |
| Apr 30, 2025 | $0.03211 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03097 | Mar 31, 2025 |