3 / 5 Stars
3 3 3 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#3 in Muni New Jersey
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 -0.69 percent over the past year, 5.33 percent over the past three years, 5.03 percent over the past five years, and 3.98 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.2%|
|3 Years (Annualized)||5.3%|
|5 Years (Annualized)||5.0%|
|10 Years (Annualized)||4.0%|
The investment seeks a high level of current income exempt from federal and New Jersey personal income taxes. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and New Jersey personal income taxes. It allocates assets across different market sectors and maturities. The fund invests more than 25% of total assets in municipal securities that finance similar types of projects. It is non-diversified.
Fees are Below Average compared to funds in the same category.
Fidelity® New Jersey Municipal Income Fund has an expense ratio of 0.47 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.