T. Rowe Price New Jersey Tax-Free Bd I (TRJIX)

Fund Assets	368.99M
Expense Ratio	0.43%
Min. Investment	$500,000
Turnover	19.00%
Dividend (ttm)	0.40
Dividend Yield	3.72%
Dividend Growth	3.98%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.77
YTD Return	-2.74%
1-Year Return	-1.62%
5-Year Return	0.39%
52-Week Low	10.62
52-Week High	11.56
Beta (5Y)	0.05
Holdings	236
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.

• Fund Family: T. Rowe Price
• Category: Muni New Jersey
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: TRJIX
• Share Class: -i Class
• Index: Bloomberg Municipal Bond TR

Performance

TRJIX had a total return of -1.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.84%.

Top 10 Holdings

16.75% of assets

Name	Symbol	Weight
NEW JERSEY ST TPK AUTH TPK REV 5%	NJ.NJSTRN 5 01.01.2048	2.62%
NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%	NJ.NJSMED 5 07.01.2042	2.08%
NEW JERSEY ECONOMIC DEV AUTH REV 5.375%	NJ.NJSDEV 5.38 01.01.2043	1.97%
NEW JERSEY ST EDL FACS AUTH REV 5%	NJ.NJSEDU 5 07.01.2045	1.64%
HUDSON CNTY N J IMPT AUTH LEASE REV 5.25%	NJ.HUDGEN 5.25 05.01.2051	1.55%
NEW JERSEY ST HSG & MTG FIN AGY REV 4.6%	NJ.NJSHSG 4.6 10.01.2046	1.48%
TOBACCO SETTLEMENT FING CORP N J 5.25%	NJ.TOBGEN 5.25 06.01.2046	1.42%
NEW JERSEY ECONOMIC DEV AUTH REV 5%	NJ.NJSDEV 5 01.01.2048	1.39%
PORT AUTH N Y & N J 5%	NY.PORTRN 5 09.15.2035	1.31%
NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%	NJ.NJSMED 5 07.01.2039	1.30%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03431	Sep 30, 2026
Aug 31, 2026	$0.03294	Aug 31, 2026
Jul 31, 2026	$0.03723	Jul 31, 2026
Jun 30, 2026	$0.03374	Jun 30, 2026
May 29, 2026	$0.03468	May 29, 2026
Apr 30, 2026	$0.03307	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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