Western Asset New Jersey Municipals C (SNJLX)
| Fund Assets | 146.06M |
| Expense Ratio | 1.34% |
| Min. Investment | $1,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.59% |
| Dividend Growth | -0.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.51 |
| YTD Return | -0.07% |
| 1-Year Return | -0.24% |
| 5-Year Return | 3.14% |
| 52-Week Low | 11.04 |
| 52-Week High | 11.80 |
| Beta (5Y) | n/a |
| Holdings | 92 |
| Inception Date | Dec 13, 1994 |
About SNJLX
Western Asset New Jersey Municipals Fund Class C is a municipal bond mutual fund focused on delivering tax-advantaged income for investors, particularly residents of New Jersey. The fund primarily invests at least 80% of its assets in a diversified portfolio of municipal debt securities issued by New Jersey state and local governments or their agencies. These bonds are generally exempt from regular federal and New Jersey state personal income taxes, making the fund especially attractive to investors seeking tax-efficient income. Targeting both long- and intermediate-duration municipal bonds, the fund aims to balance yield with credit quality and duration risk. It serves an important role for investors looking to preserve capital while generating steady, tax-exempt income tailored to New Jersey residents. The fund’s performance category and strategy align it with other New Jersey municipal bond funds, providing a specialized solution within the broader municipal bond market.
Performance
SNJLX had a total return of -0.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.55%.
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 | $0.02635 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02537 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02364 | Jun 30, 2025 |
| May 30, 2025 | $0.02593 | May 30, 2025 |
| Apr 30, 2025 | $0.02513 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02463 | Mar 31, 2025 |