T Rowe Price New Jersey Tax-Free Bond Fund I (TRJIX)
11.38
+0.05
(+0.44%)
USD |
May 26 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.44% | 381.71M | -- | 19.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 12.90M | 7.24% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and New Jersey income taxes by investing primarily in investment-grade New Jersey municipal bonds. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | New Jersey Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | New Jersey Municipal Debt Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
11
-2.861M
Peer Group Low
21.35M
Peer Group High
1 Year
% Rank:
55
12.90M
-31.95M
Peer Group Low
353.40M
Peer Group High
3 Months
% Rank:
29
-5.292M
Peer Group Low
121.23M
Peer Group High
3 Years
% Rank:
33
-85.59M
Peer Group Low
521.55M
Peer Group High
6 Months
% Rank:
26
-25.68M
Peer Group Low
194.56M
Peer Group High
5 Years
% Rank:
72
-133.41M
Peer Group Low
384.39M
Peer Group High
YTD
% Rank:
29
-6.306M
Peer Group Low
121.23M
Peer Group High
10 Years
% Rank:
58
-404.22M
Peer Group Low
620.14M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 27, 2026.
Asset Allocation
As of March 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 98.49% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 1.51% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| NEW JERSEY ST TPK AUTH TPK REV NJ 5.000 01/01/2048 | 2.41% | 102.08 | 0.14% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV NJ 5.000 07/01/2043 | 2.23% | 100.22 | 0.00% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV NJ 5.000 07/01/2042 | 2.16% | 100.98 | 0.05% |
| NEW JERSEY ECONOMIC DEV AUTH REV NJ 5.375 01/01/2043 | 2.04% | 100.02 | 0.00% |
| HUDSON CNTY N J IMPT AUTH LEASE REV NJ 5.250 05/01/2051 | 1.60% | 100.04 | 0.00% |
|
Other Assets less Liabilities
|
1.51% | -- | -- |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV NJ 5.000 07/01/2039 | 1.49% | 101.40 | 0.05% |
| NEW JERSEY ST EDL FACS AUTH REV NJ 5.250 03/01/2054 | 1.41% | 106.36 | 0.38% |
| PORT AUTH N Y & N J NY 5.000 09/15/2035 | 1.37% | 102.42 | 0.08% |
| NEW JERSEY ST TRANSN TR FD AUTH NJ 5.500 06/15/2050 | 1.25% | 116.97 | 0.28% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.32% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 500000.0 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and New Jersey income taxes by investing primarily in investment-grade New Jersey municipal bonds. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | New Jersey Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | New Jersey Municipal Debt Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (5-22-26) | 3.48% |
| 30-Day SEC Yield (4-30-26) | 3.59% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 230 |
| Bond | |
| Yield to Maturity (3-31-26) | 4.15% |
| Effective Duration | -- |
| Average Coupon | 4.61% |
| Calculated Average Quality | 2.772 |
| Effective Maturity | 10.39 |
| Nominal Maturity | 18.28 |
| Number of Bond Holdings | 229 |
As of March 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 7/6/2017 |
| Last Annual Report Date | 2/28/2026 |
| Last Prospectus Date | 5/1/2025 |
| Share Classes | |
| NJTFX | Direct Sold |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:TRJIX", "name") |
| Broad Asset Class: =YCI("M:TRJIX", "broad_asset_class") |
| Broad Category: =YCI("M:TRJIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:TRJIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |