Nuveen New Jersey Municipal Bond Fund Class I (NMNJX)
| Fund Assets | 345.73M |
| Expense Ratio | 0.62% |
| Min. Investment | $100,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.47% |
| Dividend Growth | 1.43% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.20 |
| YTD Return | -0.79% |
| 1-Year Return | -0.16% |
| 5-Year Return | 1.44% |
| 52-Week Low | 9.95 |
| 52-Week High | 10.79 |
| Beta (5Y) | n/a |
| Holdings | 243 |
| 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 -0.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.43%.
Top 10 Holdings
16.74% of assets| Name | Symbol | Weight |
|---|---|---|
| New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital Appreciation Series 2010A | n/a | 3.68% |
| New Jersey Infrastructure Bank, Environmental Infrastructure Bonds, Green Series 2022A-2 | NJ.NJSENV 5 09.01.2047 | 2.04% |
| Hudson County Improvement Authority, New Jersey, County Secured Lease Revenue Bonds, Hudson County Vocational Technical Schools Project, Series 2016 | NJ.HUDGEN 5 05.01.2046 | 1.72% |
| Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B | n/a | 1.47% |
| Salem County Pollution Control Financing Authority, New Jersey, Revenue Bonds, Atlantic City Electric Company Project, Refunding Series 2020 | NJ.SALPOL 2.25 06.01.2029 | 1.44% |
| New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds, Social Series 2021H | n/a | 1.37% |
| New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc. Project, Refunding Series 2019A | NJ.NJSWTR 10.01.2039 | 1.36% |
| New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006C | n/a | 1.26% |
| New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A | n/a | 1.22% |
| New Jersey Economic Development Authority, New Jersey, Transit Transportation Project Revenue Bonds, Portal North Bridge Project Series 2022A | n/a | 1.19% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0295 | Sep 2, 2025 |
| Jul 31, 2025 | $0.0295 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0295 | Jul 1, 2025 |
| May 30, 2025 | $0.0295 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0295 | May 1, 2025 |
| Mar 31, 2025 | $0.0295 | Apr 1, 2025 |