SNJYX Fees and Costs — New Jersey Municipal Bond Fund, Class Y
Data updated: 2026-07-29
The net expense ratio is 0.56%: a 0.33% management fee plus 0.23% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 25%.
SNJYX Fees and Expenses
Annual operating expenses and sales charges of SNJYX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.56% |
| Fee waiver | — |
| Net expense ratio | 0.56% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SNJYX Costs Over Time
On $10,000 invested in SNJYX, assuming 5% a year before costs, total costs come to $353 over 5 years, cutting the return by 0.59% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.56%) | $59 | $184 | $321 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $193 | $353 |
| Value after costs | $10,441 | $11,383 | $12,409 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
SNJYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $45.1M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
SNJYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAY BANK PLC | $5.9M | 16.24% |
| SIEBERT BRANDFORD SHANK & CO. | $5.8M | 15.82% |
| PERSHING LLC | $5.3M | 14.56% |
| UBS SECURITIES | $4.4M | 12.05% |
| SUMRIDGE PARTNERS | $3.1M | 8.48% |
| MESIROW FINANCIAL, INC. | $3.0M | 8.35% |
| BAML | $2.7M | 7.34% |
| GOLDMAN, SACHS & CO. | $2.2M | 6.14% |
| RBC CAPITAL | $2.0M | 5.55% |
| RAYMOND JAMES | $2.0M | 5.46% |
New Jersey Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SNJYX | Class Y | 0.56% | — |
| SENJX | Class F | 0.81% | — |
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.