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Address And Details

90 Hudson St 10th Flr , Jersey City, NJ 07302
Fund Manager Philip Herman
Manager Tenure 11 Years 3 Months

Strategy And Objective

The investment objective of the Fund is to seek the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. The Fund also seeks as high a level of interest income exempt from New Jersey personal income tax as is consistent with reasonable risk. Under normal conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that pay interest exempt from federal income tax and New Jersey personal income tax. If the interest on a municipal bond meets these standards, the Fund will treat the bond as qualifying for purposes of the 80% requirement even if the issuer is located outside of New Jersey. As a result, the Fund may invest substantially in municipal bonds issued by or on behalf of issuers located outside of New Jersey. The Fund is nondiversified, which means it may invest a greater portion of its assets in a single issuer than a diversified fund. The Fund uses the volatility of the Bloomberg Barclays Municipal Bond Index as an approximation of reasonable risk.

Net Asset Value

as of 5:05 PM ET 05/23/2022

Performance

  • 1 Week
  • +0.43%
  • 1 Month
  • -3.13%
  • 3 Months
  • -9.71%
  • 1 Yr Return
  • -13.25%
  • 5 Yr Return
  • -5.68%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 98.81%
Other 1.18%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 11.68 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.03 0.21 -0.24
Beta 1.30 1.24 1.27
R Squared 0.93 0.91 0.93
Std Deviation 6.77 5.46 5.14
Sharpe Ratio 0.00 0.23 n/a

Purchase Information

as of 4:49 PM ET 05/20/2022
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 04/30/2022 Average Annual Current Performance Quarterly As Of 03/31/2022 Avg Annual Current Performance Monthly As Of 04/30/2022 Avg Annual Current Performance Quarterly As Of 03/31/2022
1 Year
  • -8.69%
  • -3.81%
-8.69% -3.81%
3 Year
  • +0.52%
  • +2.05%
+0.52% +2.05%
10 Year
  • +2.80%
  • +3.36%
+2.80% +3.36%
Life Of Fund
  • +4.07%
  • +4.46%
+4.07% +4.46%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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