Western Asset New Jersey Municipals Fund (SHNJX)
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 Info
| ISIN | US52469M1062 |
|---|---|
| CUSIP | 52469M106 |
| Issuer | Franklin Templeton Investments |
| Inception Date | Apr 21, 1988 |
| Category | Municipal Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
SHNJX features an expense ratio of 0.80%, falling within the medium range.
Share Price Chart
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Popular comparisons: SHNJX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Western Asset New Jersey Municipals Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Western Asset New Jersey Municipals Fund had a return of 3.26% year-to-date (YTD) and 7.93% in the last 12 months. Over the past 10 years, Western Asset New Jersey Municipals Fund had an annualized return of 2.45%, while the S&P 500 had an annualized return of 10.85%, indicating that Western Asset New Jersey Municipals Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.26% | 17.79% |
| 1 month | 0.97% | 0.18% |
| 6 months | 3.10% | 7.53% |
| 1 year | 7.93% | 26.42% |
| 5 years (annualized) | 1.70% | 13.48% |
| 10 years (annualized) | 2.45% | 10.85% |
Monthly Returns
The table below presents the monthly returns of SHNJX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.00% | 0.24% | 0.18% | -1.30% | 0.29% | 1.56% | 0.87% | 0.54% | 3.26% | ||||
| 2023 | 2.55% | -1.16% | 1.42% | 0.23% | -0.36% | 0.45% | 0.42% | -0.87% | -2.73% | -1.55% | 5.93% | 2.31% | 6.54% |
| 2022 | -2.31% | -0.77% | -2.54% | -2.53% | 0.74% | -1.65% | 2.14% | -1.65% | -3.41% | -1.30% | 4.00% | -0.18% | -9.28% |
| 2021 | 1.64% | -1.92% | 0.95% | 1.58% | 0.59% | 0.59% | 0.92% | -0.34% | -0.65% | -0.42% | 0.75% | 0.30% | 4.01% |
| 2020 | 2.01% | 1.55% | -7.57% | -2.80% | 2.78% | 2.71% | 2.33% | 0.06% | -0.42% | 0.00% | 1.95% | 1.79% | 3.96% |
| 2019 | 0.55% | 0.45% | 1.47% | 0.45% | 1.44% | 0.25% | 0.73% | 1.79% | -0.81% | -0.08% | 0.08% | 0.39% | 6.89% |
| 2018 | -1.15% | -0.45% | 0.47% | -0.20% | 1.07% | 0.13% | 0.37% | 0.26% | -0.52% | -0.68% | 0.75% | 0.81% | 0.83% |
| 2017 | 0.00% | 0.54% | 0.49% | 0.48% | 1.31% | -0.09% | 0.48% | 0.98% | -0.16% | 0.31% | -0.09% | 1.15% | 5.54% |
| 2016 | 0.80% | -0.02% | 0.71% | 0.69% | 0.46% | 1.47% | -0.02% | 0.45% | -0.56% | -0.87% | -3.66% | 0.66% | 0.02% |
| 2015 | 1.40% | -0.80% | 0.16% | -0.40% | -0.07% | -0.31% | 0.49% | 0.00% | 0.23% | 0.56% | 0.48% | 0.72% | 2.46% |
| 2014 | 1.57% | 1.10% | 0.49% | 0.80% | 1.52% | 0.39% | 0.16% | 1.02% | 0.30% | 0.55% | 0.06% | 0.23% | 8.49% |
| 2013 | 0.69% | 0.43% | -0.65% | 1.14% | -0.79% | -2.84% | -1.36% | -2.18% | 1.08% | 0.60% | -0.38% | -0.47% | -4.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SHNJX is 57, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Western Asset New Jersey Municipals Fund (SHNJX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Western Asset New Jersey Municipals Fund granted a 3.10% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.35 | $0.32 | $0.32 | $0.35 | $0.39 | $0.45 | $0.49 | $0.46 | $0.48 | $0.48 | $0.51 |
Dividend yield | 3.10% | 3.02% | 2.84% | 2.51% | 2.76% | 3.11% | 3.71% | 3.97% | 3.78% | 3.77% | 3.72% | 4.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset New Jersey Municipals Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.24 | |||
| 2023 | $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 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2020 | $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 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.49 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Western Asset New Jersey Municipals 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 Western Asset New Jersey Municipals Fund was 14.33%, occurring on Mar 20, 2020. Recovery took 194 trading sessions.
The current Western Asset New Jersey Municipals Fund drawdown is 0.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.33% | Mar 2, 2020 | 15 | Mar 20, 2020 | 194 | Dec 24, 2020 | 209 |
| -13.37% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -12.52% | Feb 1, 1994 | 210 | Nov 21, 1994 | 122 | May 10, 1995 | 332 |
| -11.3% | Sep 12, 2008 | 66 | Dec 15, 2008 | 87 | Apr 22, 2009 | 153 |
| -10.29% | Oct 7, 1998 | 342 | Jan 28, 2000 | 225 | Dec 19, 2000 | 567 |
Volatility
Volatility Chart
The current Western Asset New Jersey Municipals Fund volatility is 0.48%, 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.