Mutual Fund Insights: T. Rowe Price NJ Tax-Free Bond Fund (NJTFX)

In-depth Analysis of T. Rowe Price NJ Tax-Free Bond Fund (NJTFX)

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See T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) performance details as of January 31, 2010

  

Last Trade: $11.51 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Konstantine B. Mallas

Fund Manager Tenure: 9.9 years
Fundmojo Fund Grade: B (Score: 0.61)     (What does this score mean?)

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.  Get more insights on Konstantine B. Mallas

  

 What we like about T. Rowe Price NJ Tax-Free Bond Fund (NJTFX)

Data for T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) as of January 31, 2010

• T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) management has been with T. Rowe Price NJ Tax-Free Bond Fund for 9.9 years
• T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) has good mid-term performance (3-year return 3.56% vs 2.92% Muni New Jersey category average)
• T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) has good Long-term performance (5-year return 3.53% vs 3.24% Muni New Jersey category average)
• T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) ratio of up-years vs down years is greater than 2
• T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) has a Morningstar rating of 4 and above
• T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) has an annual stock turnover rate of 12.50% vs Muni New Jersey average of 21.12%. It is good that T. Rowe Price NJ Tax-Free Bond management does not trade extensively for its return.
• T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) is less volatile than its peers as it has a 3-year Standard Deviation of 5.82, lower than category average of 7.29
• T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) has a lower management fee than its Muni New Jersey average: 0.56% vs 1.02%
• T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about T. Rowe Price NJ Tax-Free Bond Fund (NJTFX)

Data for T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) as of January 31, 2010

• T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) has a less-than-ideal short-term performance (1-year return 10.80% vs 12.62% Muni New Jersey category average)
• T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) is less safe compared to its Muni New Jersey peers

See T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) performance details as of January 31, 2010

  

  

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T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) Net Asset

Track net asset change of T. Rowe Price NJ Tax-Free Bond fund (NJTFX)

Date	Net Asset
01/2010	$241.21M
11/2009	$240.35M
10/2009	$241.25M

More historic net asset information on T. Rowe Price NJ Tax-Free Bond Fund (NJTFX)

  

T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) Portfolio Allocation

Track portfolio allocation change of T. Rowe Price NJ Tax-Free Bond fund (NJTFX)

Date	Cash	Stock	Bond	Other
09/2009	0.75%	0%	99.25%	0%
06/2009	1.93%	0%	98.07%	0%
03/2009	2.55%	0%	97.45%	0%

Click here to see more historic asset allocation information on T. Rowe Price NJ Tax-Free Bond Fund (NJTFX)

  

Most Recent Top 10 Holdings in T. Rowe Price NJ Tax-Free Bond Fund (NJTFX)

Discover what T. Rowe Price NJ Tax-Free Bond Fund (NJTFX) manager is buying

30-Sep-09 New Jersey Econ Dev Auth 5.125% [1.96%] Tobacco Settlement Fing Corp N Asset 6% [1.75%] New Jersey Health Care Facs Fi Rev Bds [1.62%] Wanaque Vy N J Regl Sew Auth 5.75% [1.43%] New Jersey St Transn Tr Fd Aut Trans 6% [1.41%] New Jersey Econ Dev Auth 5% [1.41%] New Jersey St Tpk Auth 5.25% [1.35%] New Jersey Econ Dev Auth 5% [1.25%] New Jersey St Edl Facs Auth 5% [1.19%] Port Auth [1.17%]

30-Jun-09 New Jersey Econ Dev Auth 5.125% [2.03%] Tobacco Settlement Fing Corp N Asset 6% [1.9%] NEW JERSEY ECONOMIC DEV AUTH E REF REV B [1.56%] WANAQUE VY N J REGL SEW AUTH SWR REV B [1.54%] New Jersey St Transn Tr Fd Aut Trans 6% [1.44%] New Jersey St Tpk Auth 5.25% [1.34%] New Jersey St Edl Facs Auth 5% [1.21%] Delaware Riv Jt Toll Brdg Comm Rev Bd 5% [1.17%] New Jersey St Tpk Auth 5% [1.16%] New Jersey St Hsg & Mtg Fin Ag Si 6.375% [1.09%]

31-Mar-09 PORT AUTH N Y & N J SPL OBLIG VERSATILE [2.43%] New Jersey Econ Dev Auth 5.125% [2.07%] Tobacco Settlement Fing 6% [1.99%] New Jersey Econ Dev Auth 5% [1.6%] Wanaque Vy N J Regl Sew Auth 5.75% [1.6%] New Jersey St Transn Tr Fd Aut Trans 6% [1.47%] New Jersey Bldg Auth 5.375% [1.41%] New Jersey St Edl Facs Auth 5% [1.31%] New Jersey St Tpk Auth 5% [1.2%] Delaware Riv Jt Toll Brdg Comm Rev Bd 5% [1.17%]

Click here for Stock Holding Change Map in T. Rowe Price NJ Tax-Free Bond Fund (NJTFX)

  

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See more information on T. Rowe Price NJ Tax-Free Bond Fund (NJTFX)

• T. Rowe Price NJ Tax-Free Bond Fund Insights
• T. Rowe Price NJ Tax-Free Bond Fund Performance Data
• T. Rowe Price NJ Tax-Free Bond Fund News
• T. Rowe Price NJ Tax-Free Bond Fund Score Explaination
• T. Rowe Price NJ Tax-Free Bond Fund Manager Information
• Historic T. Rowe Price NJ Tax-Free Bond Fund Asset Allocation Report
• Historic T. Rowe Price NJ Tax-Free Bond Fund Top 10 Holding Tracking
• Historic T. Rowe Price NJ Tax-Free Bond Fund Asset Under Management Tracking