T. Rowe Price New Jersey Tax-Free Bd I (TRJIX)
| Fund Assets | 344.41M |
| Expense Ratio | 0.43% |
| Min. Investment | $500,000 |
| Turnover | 28.20% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.47% |
| Dividend Growth | 5.43% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.03 |
| YTD Return | -2.36% |
| 1-Year Return | -2.14% |
| 5-Year Return | 1.36% |
| 52-Week Low | 10.80 |
| 52-Week High | 11.58 |
| Beta (5Y) | n/a |
| Holdings | 213 |
| 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 -2.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.66%.
Top 10 Holdings
17.10% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW JERSEY ST TPK AUTH TPK REV 5% | NJ.NJSTRN 5 01.01.2048 | 2.76% |
| NEW JERSEY ECONOMIC DEV AUTH REV 5.375% | NJ.NJSDEV 5.38 01.01.2043 | 2.20% |
| HUDSON CNTY N J IMPT AUTH LEASE REV 5.25% | NJ.HUDGEN 5.25 05.01.2051 | 1.74% |
| NEW JERSEY ST EDL FACS AUTH REV 5.25% | NJ.NJSEDU 5.25 03.01.2054 | 1.65% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV 5% | NJ.NJSMED 5 07.01.2039 | 1.62% |
| PORT AUTH N Y & N J 5% | NY.PORTRN 5 09.15.2035 | 1.48% |
| SOMERSET CNTY N J IMPT AUTH REV 4% | NJ.SMSGEN 4 09.01.2050 | 1.47% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV 5% | NJ.NJSMED 5 07.01.2042 | 1.44% |
| HAWAII ST DEPT BUDGET & FIN SPL PURP REV 3.4% | HI.HISGEN 07.01.2060 | 1.39% |
| TOBACCO SETTLEMENT FING CORP N J 5% | NJ.TOBGEN 5 06.01.2046 | 1.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03438 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03326 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03139 | Jun 30, 2025 |
| May 30, 2025 | $0.03397 | May 30, 2025 |
| Apr 30, 2025 | $0.03229 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03124 | Mar 31, 2025 |