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T. Rowe Price NJ Tax-Free Bond (NJTFX)On Jan 5: 11.42  Up 0.01 (0.09%)  
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Profile  As of 30-Nov-09Get Profile for:
T. Rowe Price NJ Tax-Free Bond
100 East Pratt Street Baltimore MD 21202
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Phone: 800-638-5660
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FUND OVERVIEW 
Category:Muni New Jersey
Fund Family:T. Rowe Price
Net Assets:240.35M
Year-to-Date Return:13.87%
Yield:4.27%
Morningstar Rating:4 stars
Fund Inception Date:30-Apr-91
MORNINGSTAR STYLE BOX 
Muni New Jersey
[View Category Definition]
View Top Muni New Jersey Funds
About the Morningstar Style Box
MANAGEMENT INFORMATION 
Konstantine B. Mallas
Lead Manager since 30-Apr-00
Mallas is a vice president of T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Division. Mallas also heads the Investment Advisory Committees for four tax-free bond strategies. Mallas has 17 years of investment experience, all of which have been at T. Rowe Price. He joined the firm in 1987 as a broker in the Discount Brokerage Department and in 1991 transferred to the Municipal Department.
INVESTMENT INFORMATION 
Min Initial Investment:$2,500
Min Initial Investment, IRA:$1,000
Min Initial Investment, AIP:$0
Min Subsequent Investment:$100
Min Subsequent Investment, IRA:$50
Min Subsequent Investment, AIP:$50
NJTFX can be purchased from brokerages.
FUND SUMMARY 
The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and New Jersey state income taxes. The fund normally invests at least 80% of assets in bonds that pay interest exempt from federal and New Jersey state income taxes, and at least 80% of the fund's income is exempt from federal and New Jersey state income taxes. Its weighted average maturity is expected to exceed 10 years. It is nondiversified.
FUND OPERATIONS 
Last Dividend (30-Nov-09): 0.04
Last Cap Gain (29-Mar-94): 0.01
Annual Holdings Turnover 12.50%
Average for Category: 22.52%
FEES & EXPENSES 
ExpenseNJTFXCategory
Avg
Total Expense Ratio:% 1.02%
Max 12b1 Fee:% N/A
Max Front End Sales Load:% 4.03%
Max Deferred Sales Load:% 2.54%
3 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$535
5 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$770
10 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$1,445
* Per $10,000 invested


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