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Morningstar

Western Asset New Jersey Municipals I LNJIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.30  /  0.27 %
  • Total Assets 145.6 Mil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.44%
  • Effective Duration 6.55 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 1:49 AM GMT+0

Morningstar’s Analysis LNJIX

Will LNJIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LNJIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LNJIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of LNJIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Western Asset New Jersey Municipals I's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LNJIX

More LNJIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 86
  • Other Holdings 3
  • % Assets in Top 10 Holdings 41.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW JERSEY ECONOMIC DEV AUTH REV 5%

7.30
10,659,028
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

4.53
6,616,710
municipal

NEW JERSEY ECONOMIC DEV AUTH MTR VEH SURCHARGES REV 4%

4.33
6,321,338
municipal

NEW JERSEY ST TPK AUTH TPK REV 5%

4.22
6,162,462
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH 5%

3.87
5,647,076
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 3.15%

3.78
5,521,669
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

3.49
5,089,504
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

3.48
5,084,117
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5%

3.48
5,084,068
municipal

NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5%

3.34
4,870,620
municipal