Nuveen New Jersey Municipal Bond Fund Class A (NNJAX)
| Fund Assets | 385.02M |
| Expense Ratio | 0.82% |
| Min. Investment | $3,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 2.97% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 10.63 |
| YTD Return | 1.25% |
| 1-Year Return | 4.99% |
| 5-Year Return | 2.10% |
| 52-Week Low | 10.08 |
| 52-Week High | 11.11 |
| Beta (5Y) | n/a |
| Holdings | 268 |
| Inception Date | Sep 6, 1994 |
About NNJAX
Nuveen New Jersey Municipal Bond Fund Class A is a mutual fund that primarily focuses on investing in investment-grade municipal bonds, with the goal of delivering current interest income that is exempt from regular federal and New Jersey state income taxes. The fund allocates at least 80% of its net assets to municipal debt securities rated BBB/Baa or higher, ensuring a strong credit quality within the portfolio. Additionally, up to 20% of assets may be allocated to below investment-grade or so-called "high yield" municipal bonds, providing some potential for enhanced income. This makes the fund especially relevant for investors seeking tax-advantaged income, particularly residents of New Jersey who benefit from both federal and state tax exemptions. With a history dating back to 1994, the fund is managed by Nuveen, a well-known investment manager in the municipal bond space. The fund distributes income to shareholders on a monthly basis and plays a significant role in supporting infrastructure and public projects within New Jersey through its investments. Its structure and focus on capital preservation, combined with the tax benefits offered, make it a notable choice within the municipal bond fund category.
Performance
NNJAX had a total return of 4.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.03%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.0275 | Mar 2, 2026 |
| Jan 30, 2026 | $0.0275 | Feb 2, 2026 |
| Dec 31, 2025 | $0.0275 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0275 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0275 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0275 | Oct 1, 2025 |