Western Asset New Jersey Municipals A (SHNJX)
| Fund Assets | 146.06M |
| Expense Ratio | 0.80% |
| Min. Investment | $1,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.00% |
| Dividend Growth | -1.29% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.51 |
| YTD Return | 0.14% |
| 1-Year Return | 0.14% |
| 5-Year Return | 5.61% |
| 52-Week Low | 11.04 |
| 52-Week High | 11.79 |
| Beta (5Y) | 0.24 |
| Holdings | 92 |
| Inception Date | Apr 22, 1988 |
About SHNJX
Western Asset New Jersey Municipals Fund Class A is a tax-exempt bond mutual fund that primarily invests in municipal securities issued by the state of New Jersey and its associated agencies. The fund’s central objective is to provide investors, particularly New Jersey residents, with a high level of income that is exempt from both regular federal income tax and New Jersey state personal income tax. By focusing on investment-grade, fixed-rate municipal bonds with maturities of one year or longer, the fund supports infrastructure, education, and other public sector projects within New Jersey. This makes it especially relevant for investors seeking tax-efficient income solutions tied to the state's economic and municipal landscape. Operating as a market value weighted vehicle, the fund’s composition reflects developments in New Jersey’s municipal bond sector, contributing to the state and local governments' ability to finance critical services and projects.
Performance
SHNJX had a total return of 0.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.51%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VNJTX | Vanguard | Vanguard NJ Long-Term Tax-Exempt Inv | 0.14% |
Top 10 Holdings
37.19% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW JERSEY ST TRANSN TR FD AUTH 5% | NJ.NJSTRN 5 06.15.2042 | 4.89% |
| TOBACCO SETTLEMENT FING CORP N J 5% | NJ.TOBGEN 5 06.01.2046 | 4.40% |
| NEW JERSEY ECONOMIC DEV AUTH MTR VEH SURCHARGES REV 4% | NJ.NJSDEV 4 07.01.2032 | 4.35% |
| NEW JERSEY ST TPK AUTH TPK REV 5% | NJ.NJSTRN 5 01.01.2040 | 4.13% |
| NEW JERSEY HEALTH CARE FACS FING AUTH 5% | NJ.NJSMED 5 07.01.2046 | 3.84% |
| NEW JERSEY ECONOMIC DEV AUTH REV 5% | NJ.NJSDEV 5 06.01.2042 | 3.38% |
| NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5% | NJ.NJSDEV 5 10.01.2047 | 3.20% |
| PORT AUTH N Y & N J 5% | NY.PORTRN 5 10.15.2041 | 3.13% |
| NEW JERSEY ST TRANSN TR FD AUTH 4.25% | NJ.NJSTRN 4.25 06.15.2044 | 3.09% |
| NEW JERSEY ST TRANSN TR FD AUTH 5% | NJ.NJSTRN 5 06.15.2030 | 2.78% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03164 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03052 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02846 | Jun 30, 2025 |
| May 30, 2025 | $0.03125 | May 30, 2025 |
| Apr 30, 2025 | $0.03008 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02931 | Mar 31, 2025 |