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    Western Asset New Jersey Municipals A (SHNJX)

    12.96 Up 0.01(0.08%) Jan 30

    Profile as of Dec 30, 2014Get Profile for:
    Western Asset New Jersey Municipals A
    Legg Mason & Co., LLC55 Water Street, 32nd FloorNew York, NY 10004
    Phone: 877-721-1926
    Fund Overview 
    Category:Muni New Jersey
    Fund Family:Legg Mason
    Net Assets:281.93M
    Year-to-Date Return:8.46%
    Morningstar Rating:3 stars
    Fund Inception Date:Apr 22, 1988
    Morningstar Style Box 
    Muni New Jersey
    [View Category Definition]
    View Top Muni New Jersey Funds
    About the Morningstar Style Box
    Management Information 
    Dennis J. McNamara
    Lead Manager since Sep 1, 2012
    Dennis McNamara, CFA, Portfolio Manager of Western Asset Management Company.Mr. McNamara joined the firm in 2001.
    Investment Information 
    Min Initial Investment:1,000
    Min Initial Investment, IRA:N/A
    Min Initial Investment, AIP:50
    Min Subsequent Investment:50
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:50
    SHNJX can be purchased from 86 brokerages.

    Fund Summary 
    The investment seeks to provide New Jersey investors with as high a level of income exempt from regular federal income tax and New Jersey state personal income tax as is consistent with prudent investment management and the preservation of capital. Under normal circumstances, the fund invests at least 80% of its assets in "New Jersey municipal securities." New Jersey municipal securities are securities and other investments with similar economic characteristics the interest on which is exempt from regular federal income tax and New Jersey state personal income tax but which may be subject to the federal alternative minimum tax. It is non-diversified.

    Fund Operations 
    Last Dividend (Dec 30, 2014) : 0.04
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Jan 27, 2015) : 9.00%
    Average for Category:10.89%
    Fees & Expenses 
    ExpenseSHNJXCategory Avg
    Annual Report Expense Ratio (net):0.76%0.92%
    Prospectus Net Expense Ratio:0.76%N/A
    Prospectus Gross Expense Ratio:0.76%N/A
    Max 12b1 Fee:0.15%N/A
    Max Front End Sales Load:4.25%4.09%
    Max Deferred Sales Load: N/A2.03%
    3 Yr Expense Projection*:657450
    5 Yr Expense Projection*:829670
    10 Yr Expense Projection*:1,3261,292
    * Per $10,000 invested