4 / 5 Stars
4 4 3 5 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
#1 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 6.10 percent over the past year, 6.32 percent over the past three years, 5.86 percent over the past five years, and 4.66 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.6%|
|3 Years (Annualized)||6.3%|
|5 Years (Annualized)||5.9%|
|10 Years (Annualized)||4.7%|
The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and New Jersey state income taxes. The fund normally invests at least 80% of net assets 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. Its weighted average maturity is expected to normally exceed 10 years. The fund may invest up to 10% of its total assets in noninvestment-grade securities. It is non-diversified.
Fees are Below Average compared to funds in the same category.
T. Rowe Price New Jersey Tax Free Bond Fund has an expense ratio of 0.51 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.