2 / 5 Stars
1 1 4 3 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#4 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 -1.87 percent over the past year, 2.75 percent over the past three years, 4.30 percent over the past five years, and 3.31 percent over the past decade.
|Trailing Returns||Updated 11.30.2013|
|Year to date||-1.0%|
|3 Years (Annualized)||2.8%|
|5 Years (Annualized)||4.3%|
|10 Years (Annualized)||3.3%|
The investment seeks the highest level of current income exempt from federal and New Jersey state income taxes as is consistent with the preservation of capital. The fund invests at least 80% of assets in investment grade municipal securities that pay interest that is exempt from federal and New Jersey state income taxes. The principal issuers of these securities are state and local governments and agencies located in New Jersey, as well as Puerto Rico and other U.S. territories and possessions. The sub-adviser strives to maintain an average weighted portfolio maturity of three to ten years. The fund may also invest in junk bonds. It is non-diversified.
Fees are Below Average compared to funds in the same category.
SEI Tax-Exempt New Jersey Municipal Bond Fund has an expense ratio of 0.60 percent.
Risk is Low compared to funds in the same category according to Morningstar.