NJTFX Performance — T. Rowe Price New Jersey Tax-Free Bond Fund
Data updated: 2026-07-28
NJTFX returned +1.76% year to date and +7.67% over one year to May 2026. Annualised returns are +4.20% over 3 years and +1.13% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $113, against $112 for the category, and to $108 over one year, against $107. Volatility over the past three years was 5.44% a year. In the 12 months to May 2026 the fund took in a net $22.8M, and assets reached $383.75M.
NJTFX Growth of $100
What $100 invested in T. Rowe Price New Jersey Tax-Free Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | NJTFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $113 | $112 |
| 5 years (Jun 2021 – May 2026) | $106 | $103 |
| Since data start (Sep 2019 – May 2026) | $112 | $109 |
NJTFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.76% |
| 1 year | +7.67% |
| 3 years (annualised) | +4.20% |
| 5 years (annualised) | +1.13% |
NJTFX Annual Returns
Calendar-year total returns of T. Rowe Price New Jersey Tax-Free Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.76% |
| 2025 | +3.79% |
| 2024 | +2.88% |
| 2023 | +6.69% |
| 2022 | −9.64% |
| 2021 | +2.65% |
| 2020 | +4.72% |
| 2019 (Sep–Dec) | −0.31% |
NJTFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +1.2% | −1.9% | +1.2% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.9% | −1.8% | −0.6% | −0.7% | +0.8% | −0.5% | +0.9% | +2.7% | +1.4% | +0.2% | +0.2% |
| 2024 | −0.1% | +0.1% | +0.1% | −1.1% | +0.2% | +1.8% | +0.8% | +0.6% | +1.2% | −1.2% | +1.6% | −1.2% |
| 2023 | +3.2% | −2.1% | +1.9% | +0.1% | −0.6% | +0.8% | +0.3% | −1.1% | −2.6% | −1.6% | +6.1% | +2.4% |
| 2022 | −2.4% | −0.6% | −2.7% | −2.8% | +0.8% | −1.7% | +2.4% | −2.3% | −4.0% | −1.3% | +5.1% | −0.3% |
| 2021 | +0.9% | −1.5% | +0.7% | +1.0% | +0.5% | +0.4% | +0.8% | −0.3% | −0.7% | −0.2% | +0.8% | +0.2% |
| 2020 | +1.7% | +1.2% | −4.5% | −2.4% | +2.9% | +1.6% | +1.9% | −0.1% | +0.1% | −0.2% | +1.6% | +1.1% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | 0.0% | +0.1% | +0.2% |
NJTFX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.44%
- 3-year Sharpe ratio: -0.06 (vs 4.5% risk-free rate)
- Best month: +6.13% (Nov 2023)
- Worst month: −2.64% (Sep 2023)
NJTFX Fund Flows
Monthly money in and out of T. Rowe Price New Jersey Tax-Free Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $22.8M
- 12-month gross sales (incl. reinvestments): $90.8M
- Sales ÷ redemptions: 1.33×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $7.2M | $5.7M | $1.5M |
| Apr 2026 | $8.5M | $3.7M | $4.9M |
| Mar 2026 | $6.5M | $4.1M | $2.4M |
| Feb 2026 | $7.3M | $2.9M | $4.5M |
| Jan 2026 | $9.0M | $4.1M | $4.9M |
| Dec 2025 | $11.3M | $4.3M | $7.0M |
| Nov 2025 | $7.2M | $5.3M | $2.0M |
| Oct 2025 | $4.9M | $6.6M | −$1.7M |
| Sep 2025 | $5.4M | $4.5M | $946K |
| Aug 2025 | $5.6M | $8.2M | −$2.6M |
| Jul 2025 | $9.5M | $9.0M | $511K |
| Jun 2025 | $8.3M | $9.8M | −$1.5M |
NJTFX Assets Under Management
Net assets of T. Rowe Price New Jersey Tax-Free Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $383.75M |
| 2026-02-28 | $378.75M |
| 2025-11-30 | $357.67M |
| 2025-08-31 | $344.41M |
| 2025-05-31 | $346.84M |
| 2025-02-28 | $355.06M |
| 2024-11-30 | $354.57M |
| 2024-08-31 | $348.08M |
| 2024-05-31 | $338.82M |
| 2024-02-29 | $348.26M |
| 2023-11-30 | $348.92M |
| 2023-08-31 | $329.80M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.