New Jersey Tax-Free Bond Fund (NJTFX) Fund Overview
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Beta 0.96: the stock has moved about 4% less than 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 16, 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 AnswerNew Jersey Tax-Free Bond Fund (NJTFX) trades at $10.78. New Jersey Tax-Free Bond Fund (NJTFX) focuses on providing income exempt from federal and New Jersey state income taxes. Sector: Financials.
Price as of · Last analyzed: Mar 16, 2026Analyst Coverage for NJTFX: NJTFX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
New Jersey Tax-Free Bond Fund (NJTFX) Financial Services Profile
New Jersey Tax-Free Bond Fund is a non-diversified fund focused on maximizing tax-exempt income for investors through investment-grade New Jersey municipal bonds. With a beta of 0.96 and a market cap of $0.38 billion, the fund aims to provide high current income exempt from federal and New Jersey state income taxes.
What Is the Investment Thesis for NJTFX?
NJTFX presents a focused investment opportunity for those seeking tax-exempt income from New Jersey municipal bonds. With a market capitalization of $0.38 billion and a beta of 0.96, the fund offers exposure to a specific segment of the fixed-income market. The primary value driver is the fund's ability to generate income that is exempt from both federal and New Jersey state income taxes, making it attractive for high-tax-bracket investors. Upcoming catalysts include potential changes in tax laws that could increase the attractiveness of tax-exempt investments. However, potential risks include interest rate fluctuations and credit quality concerns within the New Jersey municipal bond market. The fund's non-diversified nature also concentrates risk.
Based on FMP financials and quantitative analysis
NJTFX Key Highlights
The fund focuses on providing income exempt from federal and New Jersey state income taxes, appealing to high-tax-bracket investors.
- NJTFX invests primarily in investment-grade New Jersey municipal bonds, aiming for a balance between risk and return.
- The fund maintains a non-diversified portfolio, which can lead to higher returns but also increased risk compared to diversified funds.
- The fund targets at least 80% of its net assets in bonds that pay interest exempt from federal and New Jersey state income taxes.
- With a beta of 0.96, NJTFX exhibits market sensitivity close to the overall market.
Who Are NJTFX's Competitors?
NJTFX is benchmarked below against 5 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| CBFVX JPMorgan Corporate Bond Fund | $7.90 | -0.13% | $380M | — |
| CFNLX Commerce Funds The National Tax-Free Bond Fund | $17.90 | 0.00% | $319M | — |
| GSXIX abrdn U.S. Small Cap Equity Fund | $51.20 | +1.33% | $373M | — |
| MGFIX AMG GW&K ESG Bond Fund | $20.74 | -0.14% | $302M | — |
| MSGGX Meridian Small Cap Growth Fund | $12.59 | +0.88% | $324M | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NJTFX's Key Strengths?
Tax-exempt income generation for New Jersey residents.
- Focus on investment-grade municipal bonds.
- Established presence in the New Jersey municipal bond market.
- Clear investment objective focused on tax-advantaged income.
What Are NJTFX's Weaknesses?
Non-diversified portfolio increases risk.
- Limited to New Jersey municipal bonds, restricting investment opportunities.
- Vulnerable to changes in New Jersey's economic and fiscal health.
- Dependence on tax laws for attractiveness.
What Are the Key Risks for NJTFX?
Rising interest rates impacting bond values and potentially reducing the fund's net asset value.
- Credit downgrades of New Jersey municipal bonds, leading to losses.
- Economic downturn in New Jersey affecting the ability of municipalities to repay their bonds.
- The fund's non-diversified portfolio increases its vulnerability to specific bond issuers.
What Are NJTFX's Competitive Advantages?
- Tax-Exempt Status: The fund's focus on providing income exempt from federal and New Jersey state income taxes creates a niche appeal.
- State-Specific Focus: Specialization in New Jersey municipal bonds caters to investors seeking state-specific tax advantages.
- Established Track Record: A history of managing a portfolio of New Jersey municipal bonds provides credibility.
What Does NJTFX Do?
New Jersey Tax-Free Bond Fund (NJTFX) is designed to provide investors with the highest possible level of income that is exempt from both federal and New Jersey state income taxes, achieved through prudent portfolio management. The fund was established with the specific goal of catering to investors seeking tax-advantaged income streams. Its investment strategy centers around allocating the majority of its assets to investment-grade municipal bonds issued within the state of New Jersey. The fund operates under the principle that, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) will be invested in bonds that pay interest exempt from federal and New Jersey state income taxes. Similarly, at least 80% of the fund's income is expected to be exempt from these taxes. This targeted approach allows the fund to offer a potentially noteworthy option for individuals and entities looking to minimize their tax liabilities while generating income. NJTFX is classified as a non-diversified fund, meaning it can invest a larger portion of its assets in a smaller number of issuers compared to a diversified fund. This strategy can potentially lead to higher returns but also carries increased risk, as the fund's performance is more closely tied to the performance of a limited number of bonds. The fund is managed with a focus on maintaining the credit quality of its holdings, primarily investing in investment-grade bonds to mitigate credit risk.
What Products and Services Does NJTFX Offer?
- Invests primarily in investment-grade New Jersey municipal bonds.
- Seeks to provide the highest level of income exempt from federal and New Jersey state income taxes.
- Manages a portfolio of bonds to generate tax-exempt income for investors.
- Aims to have at least 80% of its net assets in bonds paying tax-exempt interest.
- Operates as a non-diversified fund, concentrating investments in fewer issuers.
- Provides a vehicle for investors to access the New Jersey municipal bond market.
How Does NJTFX Make Money?
- Generates revenue through management fees charged on assets under management (AUM).
- Invests in New Jersey municipal bonds to generate tax-exempt income.
- Distributes income to shareholders after deducting expenses.
- Attracts investors seeking tax-advantaged income streams.
What Industry Does NJTFX Operate In?
NJTFX operates within the asset management industry, specifically focusing on municipal bonds. The municipal bond market is influenced by factors such as interest rates, credit ratings, and tax policies. Demand for municipal bonds often increases during periods of economic uncertainty or when tax rates are high. Competitors like CBFVX, CFNLX, GSXIX, MGFIX, and MSGGX also offer municipal bond funds, but NJTFX distinguishes itself by focusing exclusively on New Jersey tax-exempt bonds, catering to investors seeking state-specific tax advantages.
Who Are NJTFX's Key Customers?
- Individual investors seeking tax-exempt income.
- High-net-worth individuals in New Jersey.
- Financial advisors managing client portfolios.
- Institutions looking for tax-advantaged fixed-income investments.
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
NJTFX Financials
Bull Case vs Bear Case
Bull Case
- Tax-exempt income generation for New Jersey residents.
- Focus on investment-grade municipal bonds.
- Established presence in the New Jersey municipal bond market.
- Clear investment objective focused on tax-advantaged income.
Bear Case
- Non-diversified portfolio increases risk.
- Limited to New Jersey municipal bonds, restricting investment opportunities.
- Vulnerable to changes in New Jersey's economic and fiscal health.
- Dependence on tax laws for attractiveness.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NJTFX Latest News
No recent news available for NJTFX.
NJTFX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for NJTFX.
Price Targets
Wall Street price target analysis for NJTFX.
NJTFX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for NJTFX; grades run from A+ (80-100) to F (below 30).
NJTFX Financials Stock FAQ
What are the main risks for NJTFX?
The primary risks associated with investing in NJTFX include interest rate risk, credit risk, and concentration risk. Rising interest rates can negatively impact the value of the fund's bond holdings, potentially leading to losses. Credit risk refers to the possibility that bond issuers may default on their obligations, impacting the fund's income and value.
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 is subject to change.
- Investment decisions should be made after consulting with a qualified financial advisor.