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Zacks Investment Research
Standard & Poor's
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U.S. News evaluated 14 Muni New Jersey Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -4.55 percent over the past year, 1.87 percent over the past three years, 4.69 percent over the past five years, and 2.95 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-4.6%|
|3 Years (Annualized)||1.9%|
|5 Years (Annualized)||4.7%|
|10 Years (Annualized)||2.9%|
The investment seeks as high a level of current income exempt from federal and New Jersey income taxes as is consistent with the preservation of capital. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal and New Jersey state income taxes. It invests at least 80% of its assets in municipal bonds rated investment grade (Baa/BBB or higher) or the unrated equivalent as determined by The Dreyfus Corporation. The fund is non-diversified.
Fees are High compared to funds in the same category.
Dreyfus New Jersey Municipal Bond Fund, Inc. has an expense ratio of 1.60 percent.
Risk is Average compared to funds in the same category according to Morningstar.