Fidelity New Jersey Municipal Income Fund (FNJHX) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 0.99: the stock has moved roughly in step with the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerFidelity New Jersey Municipal Income Fund (FNJHX) trades at $11.07. Fidelity New Jersey Municipal Income Fund (FNJHX) focuses on investment-grade municipal securities exempt from federal and New Jersey income taxes. Sector: Financials.
Price as of · Last analyzed: Mar 18, 2026Analyst Coverage for FNJHX: FNJHX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Fidelity New Jersey Municipal Income Fund (FNJHX) Financial Services Profile
Fidelity New Jersey Municipal Income Fund (FNJHX) specializes in tax-exempt income through investment-grade municipal securities, primarily benefiting New Jersey residents. The fund diversifies across market sectors and maturities, but maintains a non-diversified structure focusing on similar project types, appealing to investors seeking state-specific tax advantages.
What Is the Investment Thesis for FNJHX?
Fidelity New Jersey Municipal Income Fund (FNJHX) presents a focused investment opportunity for New Jersey residents seeking tax-exempt income. The fund's strategy of investing at least 80% of its assets in investment-grade New Jersey municipal securities offers a predictable income stream shielded from both federal and state income taxes. Key value drivers include the fund's ability to navigate interest rate fluctuations and its expertise in selecting high-quality municipal bonds. The current market capitalization of $0.70 billion indicates a substantial, yet manageable, asset base. A potential catalyst is the ongoing demand for tax-advantaged investment options, particularly in high-tax states like New Jersey. However, investors should be aware of the fund's non-diversified structure, which could amplify the impact of adverse events within specific sectors of the New Jersey municipal bond market. The fund's beta of 0.99 suggests it generally moves in line with the broader market, but its performance is ultimately tied to the health and stability of the New Jersey municipal bond market.
Based on FMP financials and quantitative analysis
FNJHX Key Highlights
The fund invests at least 80% of its assets in investment-grade municipal securities, providing a relatively safe investment profile.
- Income generated by the fund is exempt from both federal and New Jersey personal income taxes, offering significant tax advantages to New Jersey residents.
- The fund allocates assets across different market sectors and maturities within the municipal bond market, aiming to balance risk and return.
- FNJHX operates as a non-diversified fund, allowing for concentrated investment in specific sectors within the New Jersey municipal bond market.
- The fund's market cap is $0.70B, indicating a substantial asset base.
Who Are FNJHX's Competitors?
FNJHX is benchmarked below against 6 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| FCSTX Fidelity California Limited Term Tax-Free Bond Fund | $10.19 | -0.10% | $637M | — |
| FIMIX Fidelity Minnesota Municipal Income Fund | $10.52 | -0.28% | $572M | — |
| FMHTX Fidelity Michigan Municipal Income Fund | $10.99 | -0.18% | $490M | — |
| FOHFX Fidelity Ohio Municipal Income Fund | $10.93 | -0.18% | $500M | — |
| FPXTX Fidelity Pennsylvania Municipal Income Fund | $9.91 | -0.30% | $431M | — |
| EICA Eagle Point Income Company Inc. | $25.00 | +0.12% | $234M | 36 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FNJHX's Key Strengths?
Tax-exempt income for New Jersey residents.
- Investment-grade focus.
- Experienced management team at Fidelity.
- Established track record in municipal bond investing.
What Are FNJHX's Weaknesses?
Non-diversified structure.
- Concentration in New Jersey municipal bonds.
- Sensitivity to interest rate changes.
- Dependence on the financial health of New Jersey municipalities.
What Are the Key Risks for FNJHX?
Rising interest rates could negatively impact bond values.
- Economic downturn in New Jersey could lead to credit downgrades or defaults.
- Changes in tax laws could reduce the attractiveness of municipal bonds.
- The fund's non-diversified structure increases its vulnerability to adverse events in specific sectors.
What Are FNJHX's Competitive Advantages?
- Tax-exempt status of income generated by the fund.
- Expertise in New Jersey municipal bond market.
- Established brand and reputation of Fidelity Investments.
What Does FNJHX Do?
Fidelity New Jersey Municipal Income Fund (FNJHX) is a financial vehicle designed to provide investors with income exempt from both federal and New Jersey personal income taxes. The fund achieves this by investing primarily in investment-grade municipal securities issued within New Jersey. Established as part of Fidelity's broader suite of investment products, FNJHX caters specifically to residents of New Jersey seeking tax-advantaged income streams. The fund strategically allocates its assets across different market sectors within the municipal bond market, including sectors such as education, healthcare, and infrastructure. This diversification aims to balance risk and return while maintaining a focus on tax-exempt income. Additionally, the fund manages its investments across various maturities to navigate changing interest rate environments and optimize yield. While the fund diversifies across sectors and maturities, it operates as a non-diversified fund, meaning it can invest more than 25% of its total assets in municipal securities that finance similar types of projects. This approach allows for concentrated investment in potentially high-yielding sectors within the New Jersey municipal bond market. FNJHX is managed by experienced portfolio managers within Fidelity's fixed income division, leveraging their expertise in municipal bond analysis and market dynamics to deliver consistent tax-exempt income to its shareholders.
What Products and Services Does FNJHX Offer?
- Invests primarily in investment-grade municipal securities.
- Focuses on securities whose interest is exempt from federal and New Jersey personal income taxes.
- Allocates assets across different market sectors within the municipal bond market.
- Manages investments across various maturities to optimize yield.
- Operates as a non-diversified fund, concentrating investments in similar project types.
- Provides tax-exempt income to New Jersey residents.
How Does FNJHX Make Money?
- Generates income by investing in municipal bonds.
- Passes through tax-exempt interest income to shareholders.
- Manages a portfolio of municipal bonds to optimize risk-adjusted returns.
What Industry Does FNJHX Operate In?
Fidelity New Jersey Municipal Income Fund operates within the asset management industry, specifically focusing on fixed-income municipal bond funds. The municipal bond market is influenced by factors such as interest rates, credit ratings, and state and federal tax policies. Demand for municipal bonds tends to increase during periods of economic uncertainty and rising tax rates, as investors seek stable, tax-advantaged income. The competitive landscape includes other municipal bond funds, both national and state-specific, such as FCSTX, FIMIX, FMHTX, FOHFX, and FPXTX. These funds compete for investor capital by offering varying levels of diversification, credit quality, and expense ratios.
Who Are FNJHX's Key Customers?
- New Jersey residents seeking tax-exempt income.
- Investors looking for stable, investment-grade fixed income.
- Financial advisors seeking tax-advantaged investment options for their clients.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 42 snapshots
| 2026-08-23 | 49 |
| 2026-08-31 | 49 |
| 2026-09-08 | 49 |
| 2026-09-16 | 49 |
| 2026-09-24 | 49 |
| 2026-10-04 | 49 |
| 2026-10-05 | 49 |
What changed?
The score has stayed at 49.
Over the same 30 days the stock moved -3.1%.
FNJHX Financials
Bull Case vs Bear Case
Bull Case
- Tax-exempt income for New Jersey residents.
- Investment-grade focus.
- Experienced management team at Fidelity.
- Established track record in municipal bond investing.
Bear Case
- Non-diversified structure.
- Concentration in New Jersey municipal bonds.
- Sensitivity to interest rate changes.
- Dependence on the financial health of New Jersey municipalities.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FNJHX Latest News
No recent news available for FNJHX.
FNJHX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for FNJHX.
Price Targets
Wall Street price target analysis for FNJHX.
FNJHX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for FNJHX; grades run from A+ (80-100) to F (below 30).
FNJHX Financials Stock FAQ
What are the main risks for FNJHX?
The main risks for Fidelity New Jersey Municipal Income Fund (FNJHX) include interest rate risk, credit risk, and concentration risk. Interest rate risk refers to the potential for bond values to decline as interest rates rise. Credit risk is the risk that a bond issuer may default on its obligations.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The information provided is based on available data and general knowledge of the fund's investment strategy.