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

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

11.27

-0.01 (-0.09%)

At close: Aug 26, 2026

2.27% (1Y)

Fund Assets	384.06M
Expense Ratio	0.43%
Min. Investment	$500,000
Turnover	19.00%
Dividend (ttm)	0.40
Dividend Yield	3.58%
Dividend Growth	4.13%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	11.28
YTD Return	0.32%
1-Year Return	5.33%
5-Year Return	2.82%
52-Week Low	11.02
52-Week High	11.56
Beta (5Y)	0.05
Holdings	232
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 5.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.21%.

Top 10 Holdings

19.85% of assets

Name	Symbol	Weight
NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%	NJ.NJSMED 5 07.01.2043	3.96%
NEW JERSEY ST TPK AUTH TPK REV 5%	NJ.NJSTRN 5 01.01.2048	2.65%
NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%	NJ.NJSMED 5 07.01.2042	2.09%
NEW JERSEY ECONOMIC DEV AUTH REV 5.375%	NJ.NJSDEV 5.38 01.01.2043	1.97%
ILLINOIS FIN AUTH REV 3.2%	IL.ILSGEN 07.15.2055	1.81%
NEW JERSEY ST EDL FACS AUTH REV 5%	NJ.NJSEDU 5 07.01.2045	1.67%
HUDSON CNTY N J IMPT AUTH LEASE REV 5.25%	NJ.HUDGEN 5.25 05.01.2051	1.55%
NEW JERSEY ECONOMIC DEV AUTH REV 5%	NJ.NJSDEV 5 01.01.2048	1.42%
NEW JERSEY ST EDL FACS AUTH REV 5.25%	NJ.NJSEDU 5.25 03.01.2054	1.40%
PORT AUTH N Y & N J 5%	NY.PORTRN 5 09.15.2035	1.33%

View More Holdings

Dividend History

Ex-Dividend	Amount	Pay Date
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
Mar 31, 2026	$0.0332	Mar 31, 2026
Feb 27, 2026	$0.03082	Feb 27, 2026

Full Dividend History