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T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US77957R5072

CUSIP

77957R507

Issuer

T. Rowe Price

Inception Date

Apr 29, 1991

Min. Investment

$2,500

Asset Class

Bond

Expense Ratio

NJTFX features an expense ratio of 0.56%, falling within the medium range.


Expense ratio chart for NJTFX: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
NJTFX vs. PZA NJTFX vs. FNJHX NJTFX vs. VTEB NJTFX vs. MUB NJTFX vs. FZROX
Popular comparisons:
NJTFX vs. PZA NJTFX vs. FNJHX NJTFX vs. VTEB NJTFX vs. MUB NJTFX vs. FZROX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in T. Rowe Price New Jersey Tax Free Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
0.98%
9.66%
NJTFX (T. Rowe Price New Jersey Tax Free Bond Fund)
Benchmark (^GSPC)

Returns By Period

T. Rowe Price New Jersey Tax Free Bond Fund had a return of 1.97% year-to-date (YTD) and 2.41% in the last 12 months. Over the past 10 years, T. Rowe Price New Jersey Tax Free Bond Fund had an annualized return of 1.73%, while the S&P 500 had an annualized return of 11.11%, indicating that T. Rowe Price New Jersey Tax Free Bond Fund did not perform as well as the benchmark.


NJTFX

YTD

1.97%

1M

-1.05%

6M

0.98%

1Y

2.41%

5Y*

1.17%

10Y*

1.73%

^GSPC (Benchmark)

YTD

25.25%

1M

0.08%

6M

9.66%

1Y

25.65%

5Y*

13.17%

10Y*

11.11%

Monthly Returns

The table below presents the monthly returns of NJTFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.10%0.16%0.09%-1.06%0.21%1.77%0.80%0.64%1.21%-1.20%1.32%1.97%
20233.23%-2.08%1.89%0.13%-0.64%0.79%0.32%-1.09%-2.64%-1.61%6.14%2.41%6.70%
2022-2.38%-0.64%-2.70%-2.77%0.83%-1.71%2.44%-2.30%-4.05%-1.26%5.07%-0.28%-9.64%
20210.91%-1.48%0.69%1.02%0.51%0.44%0.75%-0.28%-0.68%-0.20%0.75%0.05%2.48%
20201.70%1.25%-4.55%-2.36%2.89%1.55%1.88%-0.12%0.13%-0.18%1.59%1.29%4.93%
20190.59%0.49%1.35%0.41%1.35%0.39%0.65%1.56%-0.68%-0.01%0.15%0.23%6.64%
2018-0.99%-0.40%0.44%-0.33%1.20%0.09%0.34%0.20%-0.53%-0.58%0.87%1.02%1.31%
20170.25%0.61%0.28%0.67%1.35%-0.13%0.49%0.93%-0.39%0.25%-0.15%1.03%5.31%
20160.74%-0.25%0.33%0.49%0.24%1.46%-0.40%-0.08%-0.29%-0.97%-3.50%0.80%-1.50%
20151.48%-1.38%0.16%-1.07%-0.66%-0.50%0.50%-0.08%0.25%0.17%0.25%0.67%-0.24%
20141.84%0.86%0.00%1.02%1.01%-0.25%-0.00%1.17%-0.08%0.41%-0.25%0.50%6.38%
20130.41%0.08%-0.97%0.90%-1.71%-3.64%-1.63%-1.66%2.13%0.43%-0.52%-0.50%-6.60%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of NJTFX is 45, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of NJTFX is 4545
Overall Rank
The Sharpe Ratio Rank of NJTFX is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of NJTFX is 4545
Sortino Ratio Rank
The Omega Ratio Rank of NJTFX is 4747
Omega Ratio Rank
The Calmar Ratio Rank of NJTFX is 4444
Calmar Ratio Rank
The Martin Ratio Rank of NJTFX is 4343
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for NJTFX, currently valued at 0.74, compared to the broader market-1.000.001.002.003.004.000.742.07
The chart of Sortino ratio for NJTFX, currently valued at 1.03, compared to the broader market-2.000.002.004.006.008.0010.001.032.76
The chart of Omega ratio for NJTFX, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.003.501.151.39
The chart of Calmar ratio for NJTFX, currently valued at 0.47, compared to the broader market0.002.004.006.008.0010.0012.000.473.05
The chart of Martin ratio for NJTFX, currently valued at 3.02, compared to the broader market0.0020.0040.0060.003.0213.27
NJTFX
^GSPC

The current T. Rowe Price New Jersey Tax Free Bond Fund Sharpe ratio is 0.74. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of T. Rowe Price New Jersey Tax Free Bond Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00JulyAugustSeptemberOctoberNovemberDecember
0.74
2.07
NJTFX (T. Rowe Price New Jersey Tax Free Bond Fund)
Benchmark (^GSPC)

Dividends

Dividend History

T. Rowe Price New Jersey Tax Free Bond Fund provided a 2.91% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%$0.00$0.10$0.20$0.30$0.4020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.33$0.32$0.30$0.30$0.37$0.35$0.37$0.38$0.13$0.00$0.00$0.00

Dividend yield

2.91%2.84%2.70%2.37%2.98%2.84%3.13%3.14%1.10%0.00%0.00%0.02%

Monthly Dividends

The table displays the monthly dividend distributions for T. Rowe Price New Jersey Tax Free Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.00$0.00$0.30
2023$0.03$0.02$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2022$0.02$0.02$0.02$0.03$0.02$0.02$0.02$0.03$0.03$0.02$0.03$0.03$0.30
2021$0.02$0.02$0.03$0.03$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.03$0.30
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.08$0.37
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.37
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.03$0.03$0.03$0.03$0.13
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2013$0.00$0.00

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.07%
-1.91%
NJTFX (T. Rowe Price New Jersey Tax Free Bond Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the T. Rowe Price New Jersey Tax Free Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the T. Rowe Price New Jersey Tax Free Bond Fund was 17.09%, occurring on Dec 15, 2008. Recovery took 899 trading sessions.

The current T. Rowe Price New Jersey Tax Free Bond Fund drawdown is 2.07%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-17.09%Jun 16, 20031383Dec 15, 2008899Jul 12, 20122282
-15.42%Oct 18, 1993286Nov 21, 1994819Jan 9, 19981105
-14.77%Aug 6, 2021308Oct 25, 2022530Dec 4, 2024838
-11.71%Oct 6, 1998420May 18, 2000582Sep 19, 20021002
-11.02%Mar 10, 20209Mar 20, 2020170Nov 19, 2020179

Volatility

Volatility Chart

The current T. Rowe Price New Jersey Tax Free Bond Fund volatility is 1.14%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
1.14%
3.82%
NJTFX (T. Rowe Price New Jersey Tax Free Bond Fund)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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