T. Rowe Price NJ Tax-Free Bond
100 East Pratt Street Baltimore MD 21202
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Phone: 800-638-5660
| Category: | Muni New Jersey | | Fund Family: | T. Rowe Price | | Net Assets: | 230.60M | | Year-to-Date Return: | 15.26% | | Yield: | 4.20% | | Morningstar Rating: |  | | Fund Inception Date: | 30-Apr-91 |
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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. |
| 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 |
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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 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. |
| Last Dividend
(30-Sep-09):
| 0.04 | | Last Cap Gain
(29-Mar-94):
| 0.01 | | Annual Holdings Turnover
| 12.50% | | Average for Category:
| 21.26% |
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| Expense | NJTFX | Category
Avg | | Total Expense Ratio: | 0.56%
| 1.02% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 4.03% | | Max Deferred Sales Load: | %
| 2.54% | | 3 Yr Expense Projection*: |
$ 179 | $535 | | 5 Yr Expense Projection*: |
$ 313 | $770 | | 10 Yr Expense Projection*: |
$ 701 | $1,445 |
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