|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni New Jersey Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
5.43 Yrs
|
|
|
|
Avg Credit Quality |
|
|
A |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.01 |
|
|
| NAV (2009-11-20) |
| $ 11.39 |
|
|
| YTD Return % (2009-11-20) |
| 13.67% |
|
|
| Total Assets ($ mil) |
| 239 |
|
| Growth of $10,000 |
 |
Fund: |
T. Rowe Price NJ Tax-Free Bond |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Muni New Jersey |
|
 |
Index: |
BarCap Municipal TR USD |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1991-04-30 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
13.67 |
11.39 |
3.19 |
3.66 |
5.20 |
5.78 |
| +/- Category |
-2.70 |
-2.77 |
0.71 |
0.38 |
0.48 |
--- |
| +/- BarCap Municipal TR USD |
1.53 |
-0.28 |
-1.06 |
-0.70 |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
15.26 |
12.93 |
4.01 |
4.05 |
5.23 |
5.91 |
| Month-End (as of 2009-10-31) |
13.29 |
12.97 |
3.21 |
3.52 |
5.20 |
5.78 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
12.97 |
3.21 |
3.52 |
5.20 |
--- |
| On Distribution & Sale of Shares |
--- |
10.08 |
3.37 |
3.62 |
5.14 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
 |
|
--- |
|
| # of compared funds covered (3 yrs : out of 64 funds), (5 yrs : out of 56 funds), (10 yrs : out of 48 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
none,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
6.55 |
| Advance Refunded |
3.26 |
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
6.81 |
| Education |
16.05 |
| Health |
15.92 |
| Housing |
0.98 |
| Industrial |
3.76 |
| Transportation |
11.09 |
| Utilities |
3.52 |
| Water/Sewer |
4.61 |
| Misc. Revenue |
27.44 |
|
| Bond Quality |
% of Bonds |
| AAA |
13.1 |
| AA |
27.6 |
| A |
31.0 |
| BBB |
18.1 |
| BB |
1.2 |
| B |
0.4 |
| Below B |
0.0 |
| Not Rated |
8.6 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
0.7 |
 |
Stocks |
0.0 |
|
Bonds |
99.3 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-09-30 |
Data through 2009-09-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
13 |
| Total Number of Bond Holdings |
169 |
|
30 Day SEC Yield % |
3.34 |
| % of Assets in Top 10 Holdings |
14.54 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
New Jersey Econ Dev Auth 5.125% |
2030-03-01 |
4,500 |
4,715 |
1.96 |
|
Tobacco Settlement Fing Corp N Asset 6% |
2037-06-01 |
3,725 |
4,203 |
1.75 |
 |
New Jersey Health Care Facs Fi Rev Bds |
2043-07-01 |
3,900 |
3,900 |
1.62 |
|
Wanaque Vy N J Regl Sew Auth 5.75% |
2018-09-01 |
3,115 |
3,438 |
1.43 |
|
New Jersey St Transn Tr Fd Aut Trans 6% |
2038-12-15 |
3,000 |
3,382 |
1.41 |
|
 |
|
New Jersey Econ Dev Auth 5% |
2024-12-01 |
3,340 |
3,381 |
1.41 |
|
New Jersey St Tpk Auth 5.25% |
2040-01-01 |
3,000 |
3,232 |
1.35 |
|
New Jersey Econ Dev Auth 5% |
2027-07-01 |
2,900 |
3,011 |
1.25 |
|
New Jersey St Edl Facs Auth 5% |
2017-07-01 |
2,540 |
2,855 |
1.19 |
|
Port Auth |
2020-06-01 |
2,800 |
2,800 |
1.17 |
|
|
 |
Data through 2009-09-30 |
|
|
|
| Fund Inception: 1991-04-30 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Konstantine B. Mallas (2000-04-30) |
|
|
|
Konstantine B. (Dino) Mallas is a vice president of T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Division. Mr. Mallas also heads the Investment Advisory Committees for four tax-free bond strategies. Mr. 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. He began his fixed-income responsibilities as a fixed-income specialist and later transitioned into trading intermediate- and long-term state and national portfolios. Mr. Mallas assumed portfolio management responsibilities in 1999. Mr. Mallas earned a B.S. from American University and an M.B.A. from Loyola College in Baltimore, Maryland. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-07-01) |
| Front: |
None |
| Deferred: |
None |
|
| Expense Ratio % |
0.56 |
based on net assets
(taken from annual report dated 2009-02-28)
|
|
| Correspondence Information |
100 East Pratt Street
Baltimore,
MD
21202
USA |
|
|
|
| Telephone: |
| 800-638-5660 |
| 410-547-2308 |
|
|
