3 / 5 Stars
4 4 4 4 5
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#2 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 5.16 percent over the past year, 5.87 percent over the past three years, 5.90 percent over the past five years, and 5.17 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.6%|
|3 Years (Annualized)||5.9%|
|5 Years (Annualized)||5.9%|
|10 Years (Annualized)||5.2%|
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. The fund normally invests at least 80% of its assets in "New Jersey municipal securities." It focuses on investment grade bonds but may invest up to 20% of its assets in below investment grade bonds. The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio and for other purposes. 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 0.74 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.