3 / 5 Stars
3 3 3 4 5
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
#8 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 3.10 percent over the past year, 4.72 percent over the past three years, 5.30 percent over the past five years, and 4.59 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||6.0%|
|3 Years (Annualized)||4.7%|
|5 Years (Annualized)||5.3%|
|10 Years (Annualized)||4.6%|
The investment seeks to provide New Jersey investors with as high a level of income exempt from regular federal income tax and New Jersey state personal income tax as is consistent with prudent investment management and the preservation of capital. Under normal circumstances, the fund invests at least 80% of its assets in "New Jersey municipal securities." New Jersey municipal securities are securities and other investments with similar economic characteristics the interest on which is exempt from regular federal income tax and New Jersey state personal income tax but which may be subject to the federal alternative minimum tax. It is non-diversified.
Fees are Below Average compared to funds in the same category.
Western Asset New Jersey Municipals Fund has an expense ratio of 0.76 percent.
Risk is Low compared to funds in the same category according to Morningstar.