New Jersey Tax Free Fund

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LONJX

New Jersey Tax Free Fund

LONJX

Daily price w/o sales charge as of 09/28/2023

$4.47

$0.03

YTD Returns w/o sales charge as of 09/28/2023

-0.08%

Please click here for performance current to the most recent quarter-end and month-end.

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Summary

What is the New Jersey Tax Free Fund?

The Fund seeks to deliver a high level of income exempt from federal and state taxation by investing primarily in New Jersey municipal bonds.

Yield

30-Day Standardized Yield ¹ as of 08/31/2023

	Subsidized²	Un-Subsidized³
w/o sales charge	3.72%	3.67%

Average Yield to Worst as of 08/31/2023

4.30%

Fund Basicsas of 08/31/2023

Total Net Assets: $103.15 M
Inception Date: 04/05/2017
Dividend Frequency: Monthly
Fund Gross Expense Ratio: 0.60%
Fund Net Expense Ratio: 0.58%
Number of Holdings: 173

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 01/31/2011

w/o sales charge	3.22%	2.51%	-1.15%	1.43%	3.32%	3.75%
Lipper Category Avg. New Jersey Municipal Debt Funds	2.21%	1.80%	-1.00%	1.26%	2.73%	-
Bloomberg Municipal Bond Index	1.59%	1.70%	-1.32%	1.52%	2.81%	-
w/ sales charge	3.22%	2.51%	-1.15%	1.43%	3.32%	3.75%

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 01/31/2011

w/o sales charge	4.23%	3.55%	-0.17%	1.81%	2.96%	3.89%
Lipper Category Avg. New Jersey Municipal Debt Funds	3.08%	2.86%	-0.08%	1.58%	2.41%	-
Bloomberg Municipal Bond Index	2.67%	3.19%	-0.58%	1.84%	2.68%	-

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Sector	Assets
Transportation
Lease
Healthcare/Hospital
IDR/PCR
Education
GO Local
Special Tax
Power
Water & Sewer
GO State
Pre-Refunded
Housing
Treasury

The Fund's portfolio is actively managed and is subject to change.

Maturity	Assets
<1 Year
1-3 Years
3-5 Years
5-7 Years
7-9 Years
9-12 Years
12-15 Years
15-18 Years
18-25 Years
25-30 Years
30+ Years

The Fund's portfolio is actively managed and is subject to change.

Credit Quality Distribution as of 08/31/2023 View Portfolio

Rating	Assets
A-1/MIG1
AAA
AA
A
BBB
< BBB
Not Rated

Ratings provided by Standard & Poor’s, Moody’s, and Fitch. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating.Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non investment grade bonds (junk bonds) involve higher risks than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities are not rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

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Performance

Average Yield to Worst as of 08/31/2023

4.30%

30-Day Standardized Yield ¹ as of 08/31/2023

	Subsidized²	Un-Subsidized³
w/o sales charge	3.72%	3.67%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 01/31/2011

w/o sales charge	3.22%	2.51%	-1.15%	1.43%	3.32%	3.75%
Lipper Category Avg. New Jersey Municipal Debt Funds	2.21%	1.80%	-1.00%	1.26%	2.73%	-
Bloomberg Municipal Bond Index	1.59%	1.70%	-1.32%	1.52%	2.81%	-
w/ sales charge	3.22%	2.51%	-1.15%	1.43%	3.32%	3.75%

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 01/31/2011

w/o sales charge	4.23%	3.55%	-0.17%	1.81%	2.96%	3.89%
Lipper Category Avg. New Jersey Municipal Debt Funds	3.08%	2.86%	-0.08%	1.58%	2.41%	-
Bloomberg Municipal Bond Index	2.67%	3.19%	-0.58%	1.84%	2.68%	-

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

Year	Fund Returns	Bloomberg Municipal Bond Index

2022	-12.26%	-8.53%
2021	3.37%	1.52%
2020	4.86%	5.21%
2019	8.73%	7.54%
2018	2.01%	1.28%
2017	6.08%	5.45%
2016	1.29%	0.25%
2015	2.70%	3.30%
2014	12.38%	9.05%
2013	-5.73%	-2.55%
2012	11.03%	-
2011	12.49%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2023	3.64%	0.57%	-	-	-0.08%
2022	-6.67%	-5.37%	-4.86%	4.43%	-12.26%
2021	0.06%	2.49%	-0.17%	0.97%	3.37%
2020	-2.81%	2.50%	1.83%	3.36%	4.86%
2019	3.21%	2.91%	1.86%	0.50%	8.73%
2018	-0.65%	1.16%	0.54%	0.96%	2.01%
2017	1.46%	2.04%	1.52%	0.94%	6.08%
2016	2.12%	3.67%	0.20%	-4.52%	1.29%
2015	0.91%	-1.90%	1.15%	2.57%	2.70%
2014	4.93%	2.85%	2.18%	1.91%	12.38%
2013	0.31%	-4.27%	-1.74%	-0.09%	-5.73%
2012	4.04%	2.47%	2.99%	1.12%	11.03%
2011	-	5.33%	3.38%	2.44%	12.49%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

NAV Historical Prices

Date	Net Asset Value

Portfolio

Sector	Assets
Transportation
Lease
Healthcare/Hospital
IDR/PCR
Education
GO Local
Special Tax
Power
Water & Sewer
GO State
Pre-Refunded
Housing
Treasury

The Fund's portfolio is actively managed and is subject to change.

Maturity	Assets
<1 Year
1-3 Years
3-5 Years
5-7 Years
7-9 Years
9-12 Years
12-15 Years
15-18 Years
18-25 Years
25-30 Years
30+ Years

The Fund's portfolio is actively managed and is subject to change.

Credit Quality Distribution as of 08/31/2023

Rating	Assets
A-1/MIG1
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Details as of 08/31/2023

Total Net Assets: $103.15 M
Average Effective Duration: 7.05 Years
Average Effective Maturity: 16.8 Years
Number of Issues: 173
Average Yield to Worst: 4.30%

To view definitions for the above Portfolio Details, Click here.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding	Coupon	Maturity	Assets

Tobacco Settlement Financing Corp	5.000%	05/25/2046	2.1%
New Jersey Health Care Facilities Financing Author	5.000%	06/25/2043	1.9%
New Jersey Economic Development Authority	5.250%	09/12/2029	1.7%
New Jersey Economic Development Authority	5.375%	12/26/2042	1.6%
Middlesex County Improvement Authority	5.000%	08/06/2053	1.4%
New Jersey Transportation Trust Fund Authority	0.000%	12/12/2031	1.4%
New Jersey Transportation Trust Fund Authority	5.000%	06/10/2038	1.4%
New Jersey Economic Development Authority	3.500%	03/27/2042	1.3%
South Jersey Transportation Authority	5.000%	10/27/2039	1.3%
New Jersey Economic Development Authority	4.000%	06/07/2049	1.3%

% of Total Assets			15.4%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Holding	Coupon	Maturity	Assets

Tobacco Settlement Financing Corp	5.000%	05/25/2046	2.1%
New Jersey Health Care Facilities Financing Author	5.000%	06/25/2043	1.9%
New Jersey Economic Development Authority	5.250%	09/12/2029	1.6%
New Jersey Economic Development Authority	5.375%	12/26/2042	1.6%
Middlesex County Improvement Authority	5.000%	08/06/2053	1.4%
New Jersey Economic Development Authority	3.500%	03/27/2042	1.4%
New Jersey Transportation Trust Fund Authority	0.000%	12/12/2031	1.4%
New Jersey Transportation Trust Fund Authority	5.000%	06/10/2038	1.3%
New Jersey Economic Development Authority	4.000%	06/07/2049	1.3%
Garden State Preservation Trust	5.750%	10/29/2028	1.3%
New Jersey Transportation Trust Fund Authority	4.000%	06/07/2050	1.2%
South Jersey Transportation Authority	5.250%	10/23/2052	1.2%
New Jersey Turnpike Authority	5.250%	12/24/2051	1.2%
Port Authority Of New York & New Jersey	5.000%	10/10/2036	1.2%
New Jersey Transportation Trust Fund Authority	4.000%	12/10/2039	1.1%
New Jersey Educational Facilities Authority	5.000%	08/28/2033	1.0%
South Jersey Transportation Authority	4.000%	10/24/2050	1.0%
New Jersey Transportation Trust Fund Authority	5.000%	06/13/2028	1.0%
Tobacco Settlement Financing Corp	5.250%	05/25/2046	1.0%
New Jersey Health Care Facilities Financing Author	5.000%	06/25/2042	1.0%
New Jersey Health Care Facilities Financing Author	5.000%	06/26/2039	1.0%
New Jersey Health Care Facilities Financing Author	4.000%	06/23/2048	1.0%
New Jersey Transportation Trust Fund Authority	4.000%	06/07/2050	1.0%
New Jersey Health Care Facilities Financing Author	4.000%	06/24/2044	1.0%
Salem County Pollution Control Financing Authority	4.450%	02/28/2025	1.0%
New Jersey Health Care Facilities Financing Author	5.000%	06/24/2046	1.0%
New Jersey Economic Development Authority	4.750%	08/30/2023	1.0%
New Jersey Transportation Trust Fund Authority	4.750%	06/10/2038	0.9%
New Jersey Turnpike Authority	4.000%	12/25/2047	0.9%
Middlesex County Improvement Authority	4.000%	08/07/2053	0.9%
Union County Utilities Authority	4.750%	11/28/2031	0.9%
New Jersey Health Care Facilities Financing Author	4.000%	06/23/2051	0.9%
New Jersey Economic Development Authority	5.000%	09/24/2047	0.9%
New Jersey Economic Development Authority	5.125%	12/27/2038	0.9%
Port Authority Of New York & New Jersey	5.000%	09/11/2033	0.9%
New Jersey Health Care Facilities Financing Author	3.000%	06/23/2051	0.9%
New Jersey Turnpike Authority	5.250%	12/30/2027	0.9%
Rutherford Board Of Education	2.500%	12/12/2034	0.9%
Port Authority Of New York & New Jersey	4.000%	08/26/2043	0.8%
Passaic Valley Sewerage Commission	3.000%	11/27/2038	0.8%
New Jersey Health Care Facilities Financing Author	4.000%	06/24/2047	0.8%
New Jersey Turnpike Authority	5.000%	12/25/2045	0.8%
New Jersey Economic Development Authority	5.250%	10/25/2047	0.8%
State Of New Jersey	2.500%	05/27/2038	0.8%
New Jersey Transportation Trust Fund Authority	5.250%	06/08/2046	0.8%
State Of New Jersey	5.000%	05/27/2040	0.8%
New Jersey Educational Facilities Authority	5.000%	06/25/2041	0.8%
New Jersey Economic Development Authority	3.000%	07/26/2041	0.8%
New Jersey Economic Development Authority	5.000%	06/11/2035	0.8%
City Of Newark Nj Mass Transit Access Tax Revenue	5.375%	11/06/2052	0.8%
City Of Atlantic City Nj	5.000%	02/28/2027	0.8%
Township Of Berkeley Heights Nj	4.000%	06/28/2032	0.8%
City Of Jersey City Nj	4.000%	02/11/2036	0.7%
New Jersey Transportation Trust Fund Authority	5.250%	06/09/2043	0.7%
New Jersey Turnpike Authority	5.000%	12/29/2029	0.7%
Jersey City Municipal Utilities Authority	4.000%	05/02/2024	0.7%
New Jersey Health Care Facilities Financing Author	5.000%	06/25/2041	0.7%
County Of Hudson Nj	2.000%	11/11/2035	0.7%
New Jersey Educational Facilities Authority	4.000%	06/29/2031	0.7%
Delaware River Joint Toll Bridge Commission	3.000%	06/23/2049	0.7%
Cumberland County Improvement Authority/The	4.000%	09/24/2048	0.7%
New Jersey Educational Facilities Authority	3.000%	06/23/2050	0.7%
New Jersey Health Care Facilities Financing Author	5.000%	06/28/2031	0.7%
New Jersey Economic Development Authority	5.000%	06/11/2035	0.6%
New Jersey Economic Development Authority	5.500%	05/28/2033	0.6%
New Jersey Turnpike Authority	5.000%	12/28/2033	0.6%
Delaware River Port Authority	5.000%	12/27/2039	0.6%
New Jersey Health Care Facilities Financing Author	5.000%	06/27/2033	0.6%
New Jersey Turnpike Authority	4.000%	12/27/2042	0.6%
Port Authority Of New York & New Jersey	5.000%	07/10/2036	0.6%
New Jersey Transportation Trust Fund Authority	5.000%	12/10/2036	0.6%
New Jersey Transportation Trust Fund Authority	0.000%	12/10/2038	0.6%
South Jersey Transportation Authority	5.000%	10/27/2039	0.6%
City Of Atlantic City Nj	5.000%	02/28/2027	0.6%
New Jersey Transportation Trust Fund Authority	5.000%	06/12/2030	0.5%
New Jersey Economic Development Authority	6.500%	03/30/2028	0.5%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	06/23/2051	0.5%
New Jersey Educational Facilities Authority	5.000%	08/27/2036	0.5%
New Jersey Educational Facilities Authority	5.000%	06/30/2027	0.5%
New Jersey Economic Development Authority	5.000%	06/08/2047	0.5%
Delaware River & Bay Authority	5.000%	12/30/2031	0.5%
New Jersey Health Care Facilities Financing Author	5.000%	09/26/2038	0.5%
New Jersey Economic Development Authority	5.000%	06/09/2042	0.5%
Port Authority Of New York & New Jersey	5.000%	07/06/2053	0.5%
Camden County Improvement Authority/The	5.000%	02/12/2030	0.5%
Port Authority Of New York & New Jersey	5.000%	09/11/2032	0.5%
Port Authority Of New York & New Jersey	5.000%	04/14/2027	0.5%
New Jersey Educational Facilities Authority	4.000%	06/26/2041	0.5%
South Jersey Transportation Authority	5.000%	10/25/2045	0.5%
Casino Reinvestment Development Authority Inc	5.250%	10/27/2039	0.5%
New Jersey Economic Development Authority	5.000%	06/12/2029	0.5%
Camden County Improvement Authority/The	6.000%	06/08/2047	0.5%
New Jersey Health Care Facilities Financing Author	5.000%	09/26/2037	0.5%
New Jersey Economic Development Authority	5.000%	06/08/2048	0.5%
New Jersey Turnpike Authority	5.000%	12/28/2033	0.5%
New Jersey Economic Development Authority	5.000%	05/26/2042	0.5%
Port Authority Of New York & New Jersey	5.000%	11/09/2041	0.5%
Casino Reinvestment Development Authority Inc	5.000%	10/28/2032	0.5%
Camden County Improvement Authority/The	5.000%	02/12/2032	0.5%
City Of Summit Nj	4.000%	07/13/2031	0.5%
New Jersey Transportation Trust Fund Authority	4.250%	06/09/2044	0.5%
South Jersey Port Corp	5.000%	12/25/2047	0.5%
New Jersey Economic Development Authority	3.750%	10/28/2034	0.5%
Hudson County Improvement Authority	4.000%	05/25/2049	0.5%
New Jersey Educational Facilities Authority	4.000%	06/25/2046	0.5%
New Jersey Health Care Facilities Financing Author	5.000%	06/27/2035	0.5%
New Jersey Transportation Trust Fund Authority	4.250%	12/10/2038	0.5%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.329%	06/25/2040	0.4%
County Of Atlantic Nj	4.000%	03/12/2032	0.4%
New Jersey Health Care Facilities Financing Author	2.375%	06/24/2046	0.4%
Port Authority Of New York & New Jersey	5.000%	07/10/2038	0.4%
New Jersey Economic Development Authority	4.000%	07/23/2059	0.4%
New Jersey Educational Facilities Authority	5.500%	08/28/2033	0.4%
Camden County Improvement Authority/The	5.750%	08/30/2023	0.4%
New Jersey Economic Development Authority	2.200%	09/26/2039	0.4%
New Jersey Transportation Trust Fund Authority	5.000%	06/12/2031	0.4%
New Jersey Higher Education Student Assistance Aut	2.500%	11/25/2040	0.4%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	06/27/2033	0.4%
Guam Power Authority	5.000%	09/30/2024	0.4%
New Jersey Transportation Trust Fund Authority	3.000%	06/07/2050	0.4%
New Jersey Economic Development Authority	5.000%	06/11/2034	0.4%
New Jersey Higher Education Student Assistance Aut	3.250%	11/26/2039	0.4%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.550%	06/25/2040	0.4%
New Jersey Health Care Facilities Financing Author	5.000%	06/28/2030	0.3%
New Jersey Educational Facilities Authority	5.000%	06/30/2026	0.3%
New Jersey Infrastructure Bank	2.000%	08/25/2046	0.3%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit	4.000%	06/25/2042	0.3%
New Jersey Economic Development Authority	5.000%	05/26/2041	0.3%
New Jersey Educational Facilities Authority	3.250%	06/23/2049	0.3%
Casino Reinvestment Development Authority Inc	5.250%	10/25/2044	0.3%
Gloucester County Improvement Authority/The	5.000%	10/31/2026	0.3%
Delaware River Joint Toll Bridge Commission	5.000%	06/28/2030	0.3%
Port Authority Of New York & New Jersey	5.250%	07/23/2052	0.3%
New Jersey Health Care Facilities Financing Author	5.000%	06/27/2033	0.3%
Port Authority Of New York & New Jersey	5.000%	07/06/2053	0.3%
New Jersey Economic Development Authority	4.000%	10/25/2044	0.3%
New Jersey Infrastructure Bank	2.125%	08/26/2046	0.3%
Gloucester County Improvement Authority/The	5.000%	10/31/2026	0.3%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit	5.000%	06/28/2030	0.2%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.750%	06/22/2053	0.2%
New Jersey Economic Development Authority	5.000%	12/29/2030	0.2%
Territory Of Guam	4.000%	12/26/2041	0.2%
New Jersey Educational Facilities Authority	3.000%	06/27/2039	0.2%
New Jersey Educational Facilities Authority	3.000%	06/26/2040	0.2%
New Jersey Higher Education Student Assistance Aut	5.000%	05/30/2028	0.2%
New Jersey Economic Development Authority	5.625%	12/24/2051	0.2%
New Jersey Transportation Trust Fund Authority	5.250%	06/09/2041	0.2%
New Jersey Economic Development Authority	5.000%	05/28/2036	0.2%
New Jersey Institute Of Technology/Nj	5.000%	06/29/2029	0.2%
New Jersey Educational Facilities Authority	4.000%	06/23/2050	0.2%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	06/28/2031	0.2%
Guam Government Waterworks Authority	5.000%	06/26/2036	0.1%
New Jersey Health Care Facilities Financing Author	5.000%	06/30/2026	0.1%
New Jersey Economic Development Authority	5.000%	12/30/2027	0.1%
Commonwealth Of Puerto Rico	0.000%	10/27/2043	0.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.329%	06/25/2040	0.1%
Industrial Pollution Control Financing Authority O	5.000%	11/30/2024	0.1%
New Jersey Housing & Mortgage Finance Agency	3.150%	04/23/2053	0.1%
Commonwealth Of Puerto Rico	5.375%	06/29/2025	0.0%
Commonwealth Of Puerto Rico	5.625%	06/29/2027	0.0%
Commonwealth Of Puerto Rico	5.625%	06/28/2029	0.0%
Commonwealth Of Puerto Rico	5.750%	06/28/2031	0.0%
Commonwealth Of Puerto Rico	4.000%	06/27/2033	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.784%	06/21/2058	0.0%
Commonwealth Of Puerto Rico	4.000%	06/27/2035	0.0%
Commonwealth Of Puerto Rico	0.000%	06/27/2033	0.0%
Commonwealth Of Puerto Rico	4.000%	06/26/2037	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.550%	06/25/2040	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.536%	06/22/2053	0.0%
Middlesex County Improvement Authority	0.000%	12/29/2036	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	06/28/2029	0.0%
Commonwealth Of Puerto Rico	0.000%	06/30/2024	0.0%
USU3 - Futures	0.000%	-	0.0%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 09/28/2023: $0.09786
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	08/31/2023	$0.01259	$4.63
Daily	Daily	07/31/2023	$0.01224	$4.71
Daily	Daily	06/30/2023	$0.01250	$4.70
Daily	Daily	05/31/2023	$0.01209	$4.66
Daily	Daily	04/30/2023	$0.01213	$4.71
Daily	Daily	03/31/2023	$0.01199	$4.71
Daily	Daily	02/28/2023	$0.01239	$4.62
Daily	Daily	01/31/2023	$0.01192	$4.75

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	09/30/2023
Daily	Daily	10/31/2023
Daily	Daily	11/30/2023
Daily	Daily	12/31/2023

Fees & Expenses

Expense Ratioas of 08/31/2023

Fund Gross Expense Ratio	Fund Net Expense Ratio
0.60%	0.58%

Expense ratio details, Click here.

The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 01/31/2024. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower. In addition, the net expense ratio takes into account deductions for certain interest and related expenses from certain of the Fund's investments. Under accounting rules, the Fund recognized additional income in an amount that directly offsets these interest and related expenses. Therefore, the Fund's total returns and net asset value were not affected by such interest and related expenses.

Fund Documents

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Portfolio Holdings 1Q Publish Date:11/03/2015
Portfolio Holdings 3Q Publish Date:11/03/2015
Summary Prospectus Publish Date:11/03/2015
Statutory Prospectus Publish Date:11/03/2015
SAI Publish Date:11/03/2015
Annual Report Publish Date:11/03/2015
Semi-Annual Report Publish Date:11/03/2015
Fact Sheet Publish Date:11/03/2015

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The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

IMPORTANT INFORMATION

A Note about Risk: The Fund invests a significant percentage of its assets in the securities of a single state. As a result, an investment in the Fund may be riskier than an investment in other, more diversified municipal bond funds. The value of an investment in the fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the price of debt securities tend to rise. High-yield securities, sometimes called "junk bonds" carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. A portion of the income derived from the Fund's portfolio may be subject to the alternative minimum tax. Any capital gains realized may be subject to taxation. Federal, state, and local taxes may apply. There is a risk that a bond issued as tax-exempt may be reclassified by the IRS as taxable, creating taxable rather than tax-exempt income. The Fund may invest in bonds of issuers in Puerto Rico and other U.S. territories, commonwealths, and possessions, and may be affected by local, state, and regional factors. These may include, for example, economic or political developments, erosion of the tax base, and the possibility of credit problems. These factors can affect Fund performance.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

The Bloomberg Municipal Bond Index a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market. Bonds must be rated investment-grade (Baa3/BBB- or higher) by at least two ratings agencies. They must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate, have a dated-date after December 31, 1990, and must be at least one year from their maturity date.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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Summary

Summary

What is the New Jersey Tax Free Fund?

The Fund seeks to deliver a high level of income exempt from federal and state taxation by investing primarily in New Jersey municipal bonds.

Yield

30-Day Standardized Yield 1 as of 08/31/2023

Average Yield to Worst as of 08/31/2023

Fund Basicsas of 08/31/2023

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

Credit Quality Distribution as of 08/31/2023 View Portfolio

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Performance

Performance

Average Yield to Worst as of 08/31/2023

30-Day Standardized Yield 1 as of 08/31/2023

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

Fund Expense Ratio :

Gross 0.60%

Net 0.58%

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 08/31/2023

Portfolio Details as of 08/31/2023

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Fees & Expenses

Fees & Expenses

Expense Ratioas of 08/31/2023

Fund Documents

Fund Documents

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30-Day Standardized Yield ¹ as of 08/31/2023

30-Day Standardized Yield ¹ as of 08/31/2023