T. Rowe Price New Jersey Tax Free Bond Fund I Class (TRJIX)
| Fund Assets | 372.38M |
| Expense Ratio | 0.43% |
| Min. Investment | $500,000 |
| Turnover | 28.20% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.41% |
| Dividend Growth | 2.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.50 |
| YTD Return | 1.26% |
| 1-Year Return | 5.21% |
| 5-Year Return | 6.16% |
| 52-Week Low | 10.49 |
| 52-Week High | 11.51 |
| Beta (5Y) | n/a |
| Holdings | 228 |
| Inception Date | Jul 6, 2017 |
About TRJIX
T. Rowe Price New Jersey Tax-Free Bond Fund I Class is an open-end mutual fund that primarily focuses on providing income exempt from both federal and New Jersey state income taxes. The fund predominantly invests at least 80% of its net assets in investment-grade municipal bonds issued by the state of New Jersey or related agencies. Its strategy is centered on targeting longer-term securities while permitting up to 10% of assets in below investment-grade bonds to enhance yield. The fund is considered nondiversified, allowing higher concentrations in fewer issuers compared to diversified funds. Engineered for investors seeking tax-efficient income, it maintains a modified duration typically between seven and eight years and a weighted average maturity around eighteen years, aligning with the long-term municipal bond sector. The fund plays a key role for individuals and institutions aiming to manage tax liability while supporting critical public infrastructure and services within New Jersey through municipal financing.
Performance
TRJIX had a total return of 5.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.81%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03354 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03499 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0304 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03555 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03131 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03438 | Aug 29, 2025 |