Western Asset New Jersey Municipals Fund Class C (SNJLX)
| Fund Assets | 154.71M |
| Expense Ratio | 1.34% |
| Min. Investment | $1,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.57% |
| Dividend Growth | 0.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.72 |
| YTD Return | 1.17% |
| 1-Year Return | 4.37% |
| 5-Year Return | 3.26% |
| 52-Week Low | 10.80 |
| 52-Week High | 11.73 |
| Beta (5Y) | n/a |
| Holdings | 84 |
| 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 4.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.59%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VNJTX | Vanguard | Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 0.14% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02594 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02701 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02343 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02727 | Oct 31, 2025 |
| Sep 30, 2025 | $0.024 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02635 | Aug 29, 2025 |