What is the New Jersey Tax Free Fund ?

The Fund seeks to deliver a high level of income exempt from federal and state taxation by investing primarily in New Jersey municipal bonds.

Yield

Dividend Yield 1 as of 02/12/2016  

  Subsidized3 Un-Subsidized4
w/o sales charge - 3.35%
w/ sales charge - 3.27%

30-Day Standardized Yield 2 as of 01/31/2016  

 
3.30%

Fund Basicsas of 12/31/2015

Total Net Assets
$94.44 M
Inception Date
01/02/1991
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
126

Expense Ratioas of 01/31/2016

Fund Expense Ratio :

Gross 0.86%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/02/1991
w/o sales charge 1.30% 1.40% 2.70% 6.26% 3.76% 5.24%
Lipper Category Avg. New Jersey Municipal Debt Funds 1.02% 1.59% 2.30% 5.50% 3.89% -
Barclays Municipal Bond Index 1.19% 2.71% 3.42% 5.75% 4.81% -
w/ sales charge -0.91% -0.94% 1.91% 5.79% 3.52% 5.15%

Fund Expense Ratio :

Gross 0.86%

Net 0.82%

Fund Expense Ratio :

Gross 0.86%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/02/1991
w/o sales charge 2.19% 2.19% 2.49% 5.65% 3.64% 5.21%
Lipper Category Avg. New Jersey Municipal Debt Funds 2.22% 2.22% 2.18% 4.96% 3.81% -
Barclays Municipal Bond Index 3.30% 3.30% 3.16% 5.35% 4.72% -
w/ sales charge -0.02% -0.02% 1.70% 5.19% 3.41% 5.11%

Fund Expense Ratio :

Gross 0.86%

Net 0.82%

Investment Team

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

29 Years of Industry Experience

Philip B. Herman
Philip B. Herman

Portfolio Manager

17 Years of Industry Experience

Supported By 13 Investment Professionals and 11 Years Avg. Industry Experience

Fund Performance Details next tab

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