Morningstar

T. Rowe Price New Jersey Tax Free Bond Fund I Class TRJIX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 11.39  /  −0.18 %
  • Total Assets 385.3M
  • Adj. Expense Ratio
    0.430%
  • Expense Ratio 0.440%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 3.46%
  • Effective Duration 6.85 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:15 AM GMT+0

Morningstar’s Analysis TRJIX

Will TRJIX outperform in the 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 TRJIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TRJIX 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 TRJIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

T. Rowe Price New Jersey Tax-Free Bd I holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings TRJIX

More TRJIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

3.96 15M
municipal

NEW JERSEY ST TPK AUTH TPK REV 5%

2.65 10M
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

2.09 8M
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.375%

1.97 8M
municipal

ILLINOIS FIN AUTH REV 3.2%

1.81 7M
municipal

NEW JERSEY ST EDL FACS AUTH REV 5%

1.67 6M
municipal

HUDSON CNTY N J IMPT AUTH LEASE REV 5.25%

1.55 6M
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5%

1.42 5M
municipal

NEW JERSEY ST EDL FACS AUTH REV 5.25%

1.40 5M
municipal

PORT AUTH N Y & N J 5%

1.33 5M
municipal

Sponsor Center