Nuveen New Jersey Municipal Bond Fund Class A (NNJAX)
| Fund Assets | 389.71M |
| Expense Ratio | 0.80% |
| Min. Investment | $3,000 |
| Turnover | 15.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 2.97% |
| Dividend Growth | -0.91% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2026 |
| Previous Close | 10.60 |
| YTD Return | 1.58% |
| 1-Year Return | 6.32% |
| 5-Year Return | 2.19% |
| 52-Week Low | 10.10 |
| 52-Week High | 10.69 |
| Beta (5Y) | 0.05 |
| Holdings | 267 |
| 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 6.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.11%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2026 | $0.0265 | Aug 3, 2026 |
| Jun 30, 2026 | $0.0265 | Jul 1, 2026 |
| May 29, 2026 | $0.0265 | Jun 1, 2026 |
| Apr 30, 2026 | $0.0275 | May 1, 2026 |
| Mar 31, 2026 | $0.0275 | Apr 1, 2026 |
| Feb 27, 2026 | $0.0275 | Mar 2, 2026 |