Morningstar

T. Rowe Price New Jersey Municipal Bond Fund NJTFX

Medalist Rating as of Sep 30, 2026 See T. Rowe Price Investment Hub

Strategy

The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and New Jersey state income taxes by investing primarily in investment-grade New Jersey municipal bonds. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal bonds whose income is exempt from regular federal and New Jersey state income taxes. Municipal bonds are debt securities typically issued by state and local governments to provide financing for a variety of public projects or purposes. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
NJTFX	T. Rowe Price New Jersey Municipal Bond Fund	No Load	Open			Apr 30, 1991	$229.02M	0.570%	Average	$2,500	$7.69M
TRJIX	T. Rowe Price New Jersey Municipal Bond Fund I Class	Institutional	Open			Jul 6, 2017	$148.67M	0.430%	Low	$500,000	$17.42M

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