3 / 5 Stars
4 3 3 5 1
Zacks Investment Research
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 -2.46 percent over the past year, 3.19 percent over the past three years, 5.60 percent over the past five years, and 4.14 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-2.4%|
|3 Years (Annualized)||3.2%|
|5 Years (Annualized)||5.6%|
|10 Years (Annualized)||4.1%|
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.