Nuveen New Jersey Municipal Bond Fund Class I (NMNJX)
| Fund Assets | 385.02M |
| Expense Ratio | 0.62% |
| Min. Investment | $100,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.32% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 10.66 |
| YTD Return | 1.13% |
| 1-Year Return | 5.34% |
| 5-Year Return | 3.68% |
| 52-Week Low | 9.67 |
| 52-Week High | 10.67 |
| Beta (5Y) | n/a |
| Holdings | 268 |
| Inception Date | Feb 28, 1992 |
About NMNJX
Nuveen New Jersey Municipal Bond Fund Class I is an institutional share class of a mutual fund that primarily invests in investment-grade municipal bonds issued by the state of New Jersey, its local governments, and related authorities. The fund's chief purpose is to generate a high level of current interest income that is exempt from regular federal and New Jersey state income taxes, while also seeking preservation of capital. By maintaining at least 80% of its assets in municipal bonds rated BBB/Baa or higher, the fund targets credit quality and aims to reduce default risk. Its holdings span sectors such as transportation, healthcare, infrastructure, and housing, reflecting diverse public financing needs within New Jersey. With an extensive portfolio and a long-duration profile, the fund is tailored for investors seeking tax-advantaged, income-oriented exposure to New Jersey’s municipal bond market. Its institutional orientation is highlighted by a high minimum investment and a focus on cost efficiency relative to peers, helping meet the demands of large-scale investors or fiduciaries managing significant assets on behalf of others. The fund plays a notable role in channeling capital to public projects across New Jersey while offering tax-exempt income to qualifying investors.
Performance
NMNJX had a total return of 5.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.01%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.0295 | Mar 2, 2026 |
| Jan 30, 2026 | $0.0295 | Feb 2, 2026 |
| Dec 31, 2025 | $0.0295 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0295 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0295 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0295 | Oct 1, 2025 |