T. Rowe Price New Jersey Tax-Free Bond Fund (NJTFX)
| Fund Assets | 348.14M |
| Expense Ratio | 0.57% |
| Min. Investment | $2,500 |
| Turnover | n/a |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.32% |
| Dividend Growth | 9.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2025 |
| Previous Close | 11.10 |
| YTD Return | -1.85% |
| 1-Year Return | 0.91% |
| 5-Year Return | 7.08% |
| 52-Week Low | 10.81 |
| 52-Week High | 11.59 |
| Beta (5Y) | 0.26 |
| Holdings | 205 |
| Inception Date | Sep 13, 2016 |
About NJTFX
The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and New Jersey state income taxes by investing primarily in investment-grade New Jersey municipal bonds. The fund will invest so that, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) are invested in bonds that pay interest exempt from federal and New Jersey state income taxes, and at least 80% of the fund's income is expected to be exempt from federal and New Jersey state income taxes. It is non-diversified.
Performance
NJTFX had a total return of 0.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.37%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FNJHX | Fidelity | Fidelity New Jersey Municipal Income Fund | 0.45% |
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% |
Top 10 Holdings
18.45% of assets| Name | Symbol | Weight |
|---|---|---|
| SOUTH JERSEY PORT CORP N J REV 5% | NJ SPCTRN 5 01.01.2048 | 2.87% |
| NEW JERSEY ST TPK AUTH TPK REV 5% | NJ NJSTRN 5 01.01.2048 | 2.76% |
| NEW JERSEY ECONOMIC DEV AUTH REV 5.375% | NJ NJSDEV 5.38 01.01.2043 | 2.18% |
| HUDSON CNTY N J IMPT AUTH LEASE REV 5.25% | NJ HUDGEN 5.25 05.01.2051 | 1.73% |
| NEW JERSEY ST EDL FACS AUTH REV 5.25% | NJ NJSEDU 5.25 03.01.2054 | 1.70% |
| SOMERSET CNTY N J IMPT AUTH REV 4% | n/a | 1.54% |
| PORT AUTH N Y & N J 5% | n/a | 1.45% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV 5% | NJ NJSMED 5 07.01.2042 | 1.45% |
| NEW JERSEY ST TRANSN TR FD AUTH 5.25% | NJ NJSTRN 5.25 06.15.2050 | 1.42% |
| Cash Offsets For Shorts & Derivatives | n/a | 1.37% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2025 | $0.03109 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03004 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02881 | Feb 28, 2025 |
| Jan 31, 2025 | $0.0322 | Jan 31, 2025 |
| Dec 31, 2024 | $0.03142 | Dec 31, 2024 |
| Nov 29, 2024 | $0.03109 | Nov 29, 2024 |