T. Rowe Price New Jersey Tax-Free Bond Fund (NJTFX)
| Fund Assets | 372.38M |
| Expense Ratio | 0.57% |
| Min. Investment | $500,000 |
| Turnover | 28.20% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.27% |
| Dividend Growth | 2.87% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.51 |
| YTD Return | 1.25% |
| 1-Year Return | 5.16% |
| 5-Year Return | 5.45% |
| 52-Week Low | 10.51 |
| 52-Week High | 11.52 |
| Beta (5Y) | 0.28 |
| Holdings | 228 |
| Inception Date | Apr 30, 1991 |
About NJTFX
T. Rowe Price New Jersey Tax-Free Bond Fund is an open-end mutual fund focused on providing investors with income that is exempt from both federal and New Jersey state income taxes. The fund mainly invests in investment-grade municipal bonds issued by New Jersey state and local entities, targeting the highest possible level of tax-exempt income while adhering to prudent portfolio management standards. Its portfolio is primarily comprised of bonds financing essential public projects and infrastructure, such as transportation, education, housing, and health care within the state. The fund maintains a non-diversified structure, allowing greater allocation to selected issuers, and features a moderate duration profile to manage interest rate sensitivity. Managed by experienced professionals, the fund uses the Bloomberg Municipal Bond Index as its benchmark and is recognized for its cost-effective management, with a competitive net expense ratio. Since its inception in 1991, the fund has played a significant role for investors seeking tax-advantaged fixed income solutions specific to New Jersey, offering a unique vehicle for residents to address both portfolio income and state tax planning objectives.
Performance
NJTFX had a total return of 5.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.29%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| TRJIX | -i Class | 0.43% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03222 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03364 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02922 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03416 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0301 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03308 | Aug 29, 2025 |