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 03/31/2017
Volatility and Other Measures
as of 03/31/2017
Beta 0.98
0.96
Standard Deviation 3.20
Credit Quality Diversification1
as of 03/31/2017
% of Total Net Assets
AAA 4.9%
AA 24.3%
A 50.1%
BBB 15.8%
BB 0.8%
CCC 0.6%
Not Rated 3.4%
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 03/31/2017
4.53 years
Weighted Avg. Maturity
as of 04/25/2017
15.53 years
Sector Diversification
as of 03/31/2017
% of Total Net Assets
Tax-Free Revenue 81.3%
Tax-Free Gen. Obligations 10.2%
Tax-Free US Government 7.0%
10 Largest Holdings
Represents 15.39 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
DE RVR & BAY AUTH REV SR C 5.000 01/01/2028
HUDSON CO NJ VO TECH SCHS SECURED 5.250 05/01/2051
MERCER CNTY-REF 5.000 05/01/2028
MIDDLESEX CO NJ COPS CIVIC SQUARE IV 5.000 10/15/2031
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 PRE 5.000 07/01/2031
NJ INST OF TECHNOLOGY SR A 5.000 07/01/2042
NJ ST TRNPK AUTH SR A 5.000 01/01/2043
NJ ST TRNSPRTN TRUST FND SR B 5.500 06/15/2031
As of 03/31/2017 the New Jersey Tax-Free Bond Fund had a total of 185 holdings.
Bond Maturity Diversification2
  as of 03/31/2017
% of Total Net Assets
0 - 1 YRS 5.5%
1 - 5 YRS 10.7%
5 - 10 YRS 11.9%
10 + YRS 71.8%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.