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  • 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 Objective
    Quick Stats
    Fiscal Year End  February
    Morningstar Category  Muni New Jersey
    Inception Date 04/30/1991
    Tax ID 52-6483303
    Investment Objective
    The fund's investment objective is to provide the highest level of income exempt from federal and New Jersey state income taxes by investing primarily in investment-grade New Jersey municipal bonds.
    Strategy
    Invests at least 80% of net assets in New Jersey municipal bonds. The fundís weighted average maturity is expected to exceed 10 years.
    Investor Profile
    The fund is made suited for New Jersey taxpayers who, because of their tax bracket, can benefit from income that is exempt from federal and New Jersey state income taxes. It is not appropriate for tax-deferred retirement plans, such as IRAs. Some income may be subject to the federal alternative minimum tax. Income earned by non-New Jersey residents may be subject to applicable state and local taxes.
    Availability
    DC, FL, GA, HI, IL, MD, NC, NJ, PA, WY
    Risk/Reward Potential*
    Click on the risk/reward spectrum below to view the funds in that category
    Highest
    Higher
    Moderate
    Lower
    Lowest
    The fund offers New Jersey investors double-tax-free income. It focuses on long-term securities to provide high yields. Assets are concentrated in investment-grade New Jersey municipal bonds to help reduce credit risk.

    Yield and share price will vary with interest rate changes. Investors should note that if interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term. There is also a chance that some of the fund's holdings will have their credit ratings downgraded or will default. The fund is less diversified than a municipal bond portfolio that invests nationally.
    *Funds are placed in general risk/return categories based on their past performance or, for newer funds, the performance of the types of securities in which they invest. There is no assurance past trends will continue.
    See Glossary for additional details on all data elements.