T. Rowe Price New Jersey Tax-Free Bond Fund (NJTFX)
Ticker Symbol:
NJTFX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Composition
Asset Allocation
as of 12/31/2013
Volatility and Other Measures
as of 02/28/2014
Beta 1.11
0.98
Standard Deviation 4.45
Credit Quality Diversification1
as of 12/31/2013
% of Total Net Assets
AAA 5.6%
AA 23.7%
A 49.3%
BBB 14.8%
BB 0.1%
B 0.7%
Not Rated 5.8%
1Sources: Moody's Investors Service; if Moody's does not rate a security, then Standard & Poor's (S&P) is used as a secondary source. When available, T. Rowe Price will use Fitch for securities that are not rated by Moody's or S&P. T. Rowe Price may deviate from this hierarchy for prerefunded securities, which are categorized using the most recent rating from Moody's, S&P, or Fitch when it reflects the issue's current prerefunded status.
Modified Duration to Worst
as of 02/28/2014
5.08 years
Weighted Avg. Maturity
as of 04/15/2014
15.13 years
10 Largest Holdings
Represents 16.85 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
MERCER CNTY-REF 5.000 05/01/2028
N HUDSON NJ SEWERAGE GROSS REV LSE SR A 5.000 06/01/2042
NJ EDL KEAN UNIV REF SR A 5.500 09/01/2036
NJ HLTH CARE CATHOLIC HLTH E 4.750 11/15/2029
NJ HLTH FACS ROBERT WOOD JOHNSON 5.000 07/01/2031
NJ INST OF TECHNOLOGY SR A 5.000 07/01/2042
NJ ST TPK AUTH REV SER E 5.250 01/01/2040
NJ ST TRNSPRTN TRST FND AUTH SR A 5.500 06/15/2041
NJ ST TRNSPRTN TRUST FND SR B 5.500 06/15/2031
New Jersey Economic Development Authority 5.000 12/01/2024
As of 03/31/2014 the New Jersey Tax-Free Bond Fund had a total of 154 holdings.
Bond Maturity Diversification2
  as of 02/28/2014
% of Total Net Assets
0 - 1 YRS 5.5%
1 - 5 YRS 8.0%
5 - 10 YRS 10.5%
10 + YRS 76.0%
2Total may not equal 100% due to rounding.
Sector Diversification
as of 02/28/2014
% of Total Net Assets
Tax-Free Revenue 78.2%
Tax-Free Gen. Obligations 11.8%
Tax-Free US Government 7.3%
See Glossary for additional details on all data elements.