- What does NJTFX invest in?
- The fund's primary objective is to generate the highest possible income, specifically structured to be exempt from both federal and New Jersey state income taxes, all while adhering to rigorous portfolio management standards. This is accomplished by predominantly allocating its capital to investment-grade municipal debt securities issued within the state of New Jersey. Under normal market conditions, a substantial minimum of 80% of its net assets (including any borrowings for investment purposes) will be invested in fixed-income securities generating interest exempt from both federal and New Jersey state income taxes; consequently, at least 80% of the fund's overall income is anticipated to be exempt from these same federal and state levies. It operates as a non-diversified investment vehicle.
- What is the expense ratio of NJTFX?
- New Jersey Tax-Free Bond Fund (NJTFX) charges an expense ratio of 0.57%. This is the annual fee deducted from fund assets to cover management and operations.
- What is NJTFX's dividend yield?
- NJTFX's trailing-twelve-month yield is 3.44%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of NJTFX?
- Effective duration measures NJTFX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NJTFX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of NJTFX?
- NJTFX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of NJTFX?
- Yield to maturity (YTM) is the total return you'd earn from NJTFX if every bond in the portfolio is held to maturity at the current price. NJTFX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
