NJTFX: T. Rowe Price New Jersey Tax Free Bond Fund - MutualFunds.com

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T. Rowe Price NJ Tax-Free Bond

NJTFX - Snapshot

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 3.6%
  • Net Assets $434 M
  • Holdings in Top 10 15.9%

52 WEEK LOW AND HIGH

$12.24
$11.22
$12.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.56%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 7.90%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni New Jersey

Compare NJTFX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.64

0.00%

$78.20 B

0.00%

$0.00

1.17%

0.17%

$11.21

0.00%

$32.33 B

0.00%

$0.00

1.17%

0.17%

$13.38

0.00%

$24.21 B

0.00%

$0.00

0.38%

0.52%

$15.93

0.00%

$19.35 B

0.00%

$0.00

0.50%

0.17%

$115.26

+0.01%

$17.86 B

-

-

1.33%

0.07%

NJTFX - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.81%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price New Jersey Tax Free Bond Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Apr 30, 1991
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Konstantine Mallas

Fund Description

The fund will invest so that, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) are invested in bonds that pay interest exempt from federal and New Jersey state income taxes, and at least 80% of the fund's income is expected to be exempt from federal and New Jersey state income taxes. It is non-diversified.


NJTFX - Performance

Return Ranking - Trailing

Period NJTFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -9.2% 300.4% 64.46%
1 Yr 2.5% -5.9% 6.6% 52.89%
3 Yr 3.7%* -0.9% 7.4% 30.18%
5 Yr 3.6%* -0.2% 7.0% 25.45%
10 Yr 3.9%* -0.1% 8.1% 27.51%

* Annualized

Return Ranking - Calendar

Period NJTFX Return Category Return Low Category Return High Rank in Category (%)
2019 3.6% -0.3% 15.4% 55.25%
2018 -1.8% -10.3% 97.2% 35.50%
2017 2.0% -100.0% 7.6% 33.42%
2016 -2.6% -7.9% 96.8% 38.01%
2015 -0.2% -4.8% 3.0% 51.59%

Total Return Ranking - Trailing

Period NJTFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -9.2% 300.4% 64.46%
1 Yr 2.5% -8.7% 6.6% 36.18%
3 Yr 3.7%* -2.4% 7.4% 25.24%
5 Yr 3.6%* -1.4% 7.0% 22.04%
10 Yr 3.9%* -0.5% 8.1% 25.11%

* Annualized

Total Return Ranking - Calendar

Period NJTFX Return Category Return Low Category Return High Rank in Category (%)
2019 3.6% -0.3% 15.4% 56.72%
2018 -1.8% -10.3% 11.0% 38.84%
2017 2.0% -100.0% 7.6% 38.57%
2016 -2.6% -7.9% 3.0% 42.81%
2015 -0.2% -4.8% 4.0% 56.17%

NAV & Total Return History


NJTFX - Holdings

Concentration Analysis

NJTFX Category Low Category High NJTFX % Rank
Net Assets 434 M 617 K 78.2 B 50.20%
Number of Holdings 240 3 10083 46.77%
Net Assets in Top 10 68 M -202 M 4.54 B 52.89%
Weighting of Top 10 15.89% 2.4% 99.7% 60.67%

Top 10 Holdings

  1. NEW JERSEY ST TPK AUTH TPK REV 5% 2.11%
  2. HUDSON CNTY N J IMPT AUTH LEASE REV 5.25% 1.95%
  3. NEW JERSEY ST TRANSN TR FD AUTH 5.5% 1.68%
  4. GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 5.75% 1.65%
  5. NEW JERSEY ECONOMIC DEV AUTH REV 5.38% 1.58%
  6. SOUTH JERSEY PORT CORP N J REV 5% 1.54%
  7. PORT AUTH N Y & N J 5% 1.41%
  8. NEW JERSEY HEALTH CARE FACS FING AUTH REV 5% 1.38%
  9. NEW JERSEY ECONOMIC DEV AUTH WTR FACS REV 4% 1.31%
  10. NEW JERSEY ST TRANSN TR FD AUTH 5.25% 1.28%

Asset Allocation

Weighting Return Low Return High NJTFX % Rank
Bonds
99.95% 65.51% 149.06% 21.70%
Cash
0.05% -49.07% 34.49% 76.47%
Stocks
0.00% 0.00% 1.67% 90.03%
Preferred Stocks
0.00% -0.98% 1.04% 89.40%
Other
0.00% -1.48% 12.83% 89.51%
Convertible Bonds
0.00% 0.00% 1.83% 89.91%

Bond Sector Breakdown

Weighting Return Low Return High NJTFX % Rank
Municipal
99.95% 49.08% 100.00% 18.08%
Cash & Equivalents
0.05% 0.00% 34.49% 79.88%
Derivative
0.00% 0.00% 2.16% 89.74%
Securitized
0.00% 0.00% 6.06% 90.31%
Corporate
0.00% 0.00% 13.25% 92.80%
Government
0.00% 0.00% 49.86% 91.44%

Bond Geographic Breakdown

Weighting Return Low Return High NJTFX % Rank
US
97.96% 65.51% 142.92% 40.93%
Non US
1.99% 0.00% 27.43% 34.47%

NJTFX - Expenses

Operational Fees

NJTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.56% 0.01% 4.01% 77.33%
Management Fee 0.39% 0.00% 1.10% 33.88%
12b-1 Fee N/A 0.00% 1.00% 14.71%
Administrative Fee 0.15% 0.01% 0.47% 80.85%

Sales Fees

NJTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

NJTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NJTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.90% 0.00% 235.00% 8.09%

NJTFX - Distributions

Dividend Yield Analysis

NJTFX Category Low Category High NJTFX % Rank
Dividend Yield 0.00% 0.00% 3.82% 90.54%

Dividend Distribution Analysis

NJTFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

NJTFX Category Low Category High NJTFX % Rank
Net Income Ratio 2.81% 0.04% 6.48% 30.67%

Capital Gain Distribution Analysis

NJTFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

NJTFX - Fund Manager Analysis

Managers

Konstantine Mallas


Start Date

Tenure

Tenure Rank

Apr 30, 2000

20.43

20.4%

Dino Mallas is a portfolio manager in the Fixed Income Division. Mr. Mallas is president and chairman of its Investment Advisory Committee. He is also executive vice president and chairman of the Investment Advisory Committee. Mr. Mallas is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. He joined the firm in 1986 as a broker in the Discount Brokerage Department and, in 1991, transferred to the Municipal Department. Mr. Mallas began his fixed income responsibilities as a fixed income specialist and later transitioned into trading intermediate- and long-term state and national portfolios. He assumed portfolio management responsibilities in 1999. Mr. Mallas earned a B.S. from American University and an M.B.A. from Loyola University Maryland.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.85 8.29 2.76