Nuveen New Jersey Municipal Bond Fund Class A (NNJAX)
| Fund Assets | 345.73M |
| Expense Ratio | 0.82% |
| Min. Investment | $3,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.12% |
| Dividend Growth | 2.33% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 10.15 |
| YTD Return | -1.61% |
| 1-Year Return | -0.62% |
| 5-Year Return | 0.13% |
| 52-Week Low | 9.91 |
| 52-Week High | 10.76 |
| Beta (5Y) | n/a |
| Holdings | 243 |
| 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 -0.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.01%.
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 |
|---|---|---|
| Jul 31, 2025 | $0.0275 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0275 | Jul 1, 2025 |
| May 30, 2025 | $0.0275 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0275 | May 1, 2025 |
| Mar 31, 2025 | $0.0275 | Apr 1, 2025 |
| Feb 28, 2025 | $0.0275 | Mar 3, 2025 |