- New Jersey municipal debt no load funds allow New Jersey residents to invest with certain tax exemptions and benefits
- Finding the best no load funds concerning New Jersey municipal debt can be simple with the availability of the Internet and a free fund screener
- Municipal debt offers many investment benefits, and helps municipal entities fund public projects and infrastructure improvements
For municipal debt investors who live in New Jersey, there are a number of New Jersey municipal debt no load funds that are available which offer tax exemptions and benefits. One of the best no load funds concerning municipal bond debt is the Glenmede NJ Municipal Fund, with the ticker symbol GTNJX. This fund was created in 1993, and has been managed by Micheal C Crow since 2008. The fund assets are just under twenty seven million dollars, and the minimum initial investment requirement is very low at only one thousand dollars. This is one of the New Jersey municipal bond debt funds that has received a rating from Morningstar that is four stars, and this fund invests in municipal debt that has medium to high credit ratings. This fund is considered an intermediate municipal debt fund, because at least eighty percent of the fund assets are invested in New Jersey municipal debt with a maturity between three and ten years from the issue date. Municipal debt mutual funds may specialize, such as only hold this debt type with a specific maturity time. Short funds invest only in short term debt, normally less than three years. Intermediate municipal debt will mature between three and ten years after being issued, and long term debt securities will mature more than ten years from the date the securities are issued.
Another one of the best no load funds that involve New Jersey municipal debt investment is the Fidelity New Jersey Municipal Income Fund, which trades under the symbol FNJHX and is offered by the Fidelity family of funds. When it comes to investments, Fidelity is a well known and trusted name, and this is true for many reasons. The Fidelity New Jersey Municipal Income Fund has close to six hundred million dollars in net assets, and has been investing and operating since 1987. Morningstar has given this New Jersey municipal debt fund four out of five stars. The goal of this fund is to invest in municipal bonds that are exempt from federal and state income taxes, and possibly even local income taxes, for investors who reside in New Jersey. The municipal bond debt invested in by this specific fund is medium to high quality and provides lower risks than lower quality municipal bonds. Investing in municipal debt has become very popular with high income investors because of the tax advantages offered by these funds. The initial investment requirement amount for this fund is ten thousand dollars, which is higher than some other New Jersey municipal funds, but the quality of this fund makes it one of the best no load funds you will find.
One New Jersey municipal debt fund that also makes the best no load funds list for many investors is the Vanguard NJ Long Term Tax Exempt Adm Fund, with the ticker symbol VNJUX. This fund show a a strong performance and history regardless of the past time period looked at, making it one of the municipal debt no load funds that should be considered. This fund does not charge any load fees, and 12b-1 marketing fees are excluded as well. This keeps fund expenses low, and offers higher returns as a result. The fund has net assets valued at almost one and a half billion dollars, making it one of the larger New Jersey municipal debt no load funds available to state residents. Morningstar has rated the fund with five stars, which is the highest possible quality rating from this company. The fund invests in high quality municipal debt in New Jersey with medium interest rate sensitivity risks.
