T. Rowe Price NJ Tax-Free Bond
100 East Pratt StreetBaltimore MD 21202
Map
Phone: 800-638-5660
| Category: | Muni New Jersey | | Fund Family: | T. Rowe Price | | Net Assets: | 274.29M | | Year-to-Date Return: | 3.43% | | Yield: | 3.88% | | Morningstar Rating: |  | | Fund Inception Date: | Apr 30, 1991 |
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Konstantine B. Mallas
Lead Manager since Apr 30, 2000 | | | Konstantine B. (Dino) Mallas has been chairman of the committee since 2003 and he is a vice president of T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Division. Mr. Mallas also heads the Investment Advisory Committees for four tax-free bond strategies.He joined the firm in 1987 as a broker in the Discount Brokerage Department and in 1991 transferred to the Municipal Department. He began his fixed-income responsibilities as a fixed-income specialist and later transitioned into trading intermediate- and long-term state and national portfolios. Mr. Mallas assumed portfolio management responsibilities in 1999. Mr. Mallas earned a B.S. from American University and an M.B.A. from Loyola College in Baltimore, Maryland. |
| Min Initial Investment: | 2,500 | | Min Initial Investment, IRA: | 1,000 | | Min Initial Investment, AIP: | 2,500 | | Min Subsequent Investment: | 100 | | Min Subsequent Investment, IRA: | 100 | | Min Subsequent Investment, AIP: | 100 |
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| 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 net assets in bonds that pay interest exempt from federal and New Jersey state income taxes, and at least 80% of the fundâs income is expected to be exempt from federal and New Jersey state income taxes. Its weighted average maturity is expected to normally exceed 10 years. The fund may invest up to 10% of total assets in below investment-grade securities. It is non-diversified. |
| Last Dividend
(Apr 30, 2012)
:
| 0.04 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 23, 2012)
:
| 12.00% | | Average for Category: | 8.11% |
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| Expense | NJTFX | Category Avg |
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| Annual Report Expense Ratio (net): | 0.53% | 0.89% | | Prospectus Net Expense Ratio: | 0.52% | N/A | | Prospectus Gross Expense Ratio: | 0.52% | N/A | | Max 12b1 Fee: | 0.00% | N/A | | Max Front End Sales Load: | N/A | 4.09% | | Max Deferred Sales Load:
| N/A | 2.58% | | 3 Yr Expense Projection*: | 167 | 483 | | 5 Yr Expense Projection*: | 291 | 699 | | 10 Yr Expense Projection*: | 653 | 1,312 |
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