Morningstar

T. Rowe Price New Jersey Municipal Bond Fund I Class TRJIX

Morningstar Medalist Rating
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Medalist Rating as of See T. Rowe Price Investment Hub
  • NAV / 1-Day Return $11.01  /  +0.18 %
  • Fund Size $377.7M
  • Adjusted Expense Ratio 0.430%
  • Net Expense Ratio 0.440%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Muni New Jersey
  • Fixed-Income Style Box (Funds) Medium/Extensive
  • Minimum Initial Investment $500,000
  • Investment Status Open
  • TTM Yield 3.78%
  • Average Effective Duration 7.32 yrs
NAV and 1-Day Return as of

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 Municipal 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
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Portfolio Holdings TRJIX

More TRJIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offsets For Shorts & Derivatives

2.34 9M
Cash and Equivalents

NEW JERSEY HEALTH CARE FACS FING AUTH REV 1.25%

2.32 9M
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

2.16 8M
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.375%

2.06 8M
municipal

HUDSON CNTY N J IMPT AUTH LEASE REV 5.25%

1.62 6M
municipal

NEW JERSEY ST EDL FACS AUTH REV 5%

1.61 6M
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5.5%

1.52 6M
municipal

NEW JERSEY ST HSG & MTG FIN AGY REV 4.6%

1.46 5M
municipal

TOBACCO SETTLEMENT FING CORP N J 5.25%

1.44 5M
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5%

1.36 5M
municipal

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