LANJX | New Jersey Tax Free Fund Class A | Lord Abbett

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New Jersey Tax Free Fund

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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

Dividend Yield 1 as of 06/24/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.59% 2.57%
w/ sales charge 2.53% 2.51%

30-Day Standardized Yield 2 as of 05/31/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.92% 2.88%

Fund Basicsas of 05/31/2022

Total Net Assets
$115.46 M
Inception Date
01/02/1991
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
201
Minimum Initial Investment
$1,000+

Expense Ratioas of 05/31/2022

Fund Expense Ratio :

Gross 0.84%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/02/1991
w/o sales charge -9.53% -8.42% 0.14% 1.99% 2.64% 4.60%
Lipper Category Avg. New Jersey Municipal Debt Funds -7.89% -7.07% 0.39% 1.86% 2.27% -
Bloomberg Municipal Bond Index -7.47% -6.79% 0.50% 1.78% 2.54% -
w/ sales charge -11.51% -10.42% -0.63% 1.54% 2.41% 4.52%

Fund Expense Ratio :

Gross 0.84%

Net 0.82%

Fund Expense Ratio :

Gross 0.84%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/02/1991
w/o sales charge -6.92% -4.00% 1.84% 3.01% 3.14% 4.72%
Lipper Category Avg. New Jersey Municipal Debt Funds -6.03% -3.70% 1.65% 2.64% 2.71% -
Bloomberg Municipal Bond Index -6.23% -4.47% 1.53% 2.52% 2.88% -
w/ sales charge -8.95% -6.13% 1.05% 2.55% 2.91% 4.64%

Fund Expense Ratio :

Gross 0.84%

Net 0.82%

RELATED CONTENT

Three Muni Market Drivers
Three Muni Market Drivers
November 15, 2021

Lord Abbett Partner and Director, Daniel Solender breaks down how demand, supply, and the infrastructure bill are shaping today’s municipal bond market.

The Muni Quarterly

The Muni Quarterly offers insights from our analysts on key topics for municipal bond investors, along with essential market information.

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

Credit Quality Distribution as of 05/31/2022 View Portfolio

Rating Assets
AAA
AA
A
BBB
< BBB
Not Rated

INVESTMENT TEAM

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

35 Years of Industry Experience

Philip B. Herman
Philip B. Herman

Partner, Portfolio Manager

23 Years of Industry Experience

Supported By 16 Investment Professionals with 14 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 06/24/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.59% 2.57%
w/ sales charge 2.53% 2.51%

30-Day Standardized Yield 2 as of 05/31/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.92% 2.88%

Fund Expense Ratio :

Gross 0.84%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/02/1991
w/o sales charge -9.53% -8.42% 0.14% 1.99% 2.64% 4.60%
Lipper Category Avg. New Jersey Municipal Debt Funds -7.89% -7.07% 0.39% 1.86% 2.27% -
Bloomberg Municipal Bond Index -7.47% -6.79% 0.50% 1.78% 2.54% -
w/ sales charge -11.51% -10.42% -0.63% 1.54% 2.41% 4.52%

Fund Expense Ratio :

Gross 0.84%

Net 0.82%

Fund Expense Ratio :

Gross 0.84%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/02/1991
w/o sales charge -6.92% -4.00% 1.84% 3.01% 3.14% 4.72%
Lipper Category Avg. New Jersey Municipal Debt Funds -6.03% -3.70% 1.65% 2.64% 2.71% -
Bloomberg Municipal Bond Index -6.23% -4.47% 1.53% 2.52% 2.88% -
w/ sales charge -8.95% -6.13% 1.05% 2.55% 2.91% 4.64%

Fund Expense Ratio :

Gross 0.84%

Net 0.82%

Year Fund Returns Bloomberg Municipal Bond Index
2021 3.33% 1.52%
2020 4.63% 5.21%
2019 8.28% 7.54%
2018 1.77% 1.28%
2017 6.05% 5.45%
2016 1.05% 0.25%
2015 2.19% 3.30%
2014 12.07% 9.05%
2013 -5.99% -2.55%
2012 10.73% 6.78%
2011 10.42% -
2010 1.04% -
2009 22.23% -
2008 -15.02% -
2007 -0.55% -
2006 4.11% -
2005 3.65% -
2004 3.77% -
2003 3.35% -
2002 7.62% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -6.92% - - - -12.58%
2021 0.19% 2.44% -0.22% 0.91% 3.33%
2020 -2.87% 2.65% 1.78% 3.11% 4.63%
2019 3.16% 2.66% 1.81% 0.44% 8.28%
2018 -0.91% 1.31% 0.28% 1.10% 1.77%
2017 1.41% 1.98% 1.45% 1.08% 6.05%
2016 2.06% 3.81% 0.14% -4.76% 1.05%
2015 0.84% -2.18% 1.28% 2.29% 2.19%
2014 4.86% 2.78% 2.11% 1.84% 12.07%
2013 0.25% -4.34% -1.81% -0.16% -5.99%
2012 3.97% 2.20% 3.13% 1.05% 10.73%
2011 -0.81% 5.26% 3.09% 2.58% 10.42%
2010 1.80% 1.36% 4.11% -5.95% 1.04%
2009 6.87% 6.14% 9.08% -1.21% 22.23%
2008 -1.96% 0.91% -6.06% -8.57% -15.02%
2007 0.62% -0.55% -0.31% -0.31% -0.55%
2006 0.24% -0.19% 3.01% 1.02% 4.11%
2005 0.41% 3.14% -0.34% 0.43% 3.65%
2004 1.81% -2.64% 3.46% 1.18% 3.77%
2003 0.73% 2.40% -1.09% 1.29% 3.35%
2002 0.57% 3.16% 4.45% -0.71% 7.62%
2001 1.68% 0.80% 2.57% -0.39% 4.74%
2000 3.47% 1.37% 2.11% 5.02% 12.49%
1999 0.66% -2.90% -1.79% -1.65% -5.63%
1998 1.40% 1.78% 2.89% 0.30% 6.50%
1997 -0.44% 3.11% 3.03% 2.96% 8.92%
1996 -1.56% 1.11% 2.15% 2.35% 4.08%
1995 7.38% 2.21% 2.21% 4.51% 17.23%
1994 -5.69% 0.49% 0.33% -1.98% -6.77%
1993 5.81% 3.31% 3.46% 1.10% 14.29%
1992 0.27% 4.23% 2.50% 1.92% 9.17%
1991 - 2.20% 4.72% 3.18% 13.52%

Growth of $10,000 as of 07/31/2021

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

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

Credit Quality Distribution as of 05/31/2022

Rating Assets
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Details as of 05/31/2022

Total Net Assets
$115.46 M
Number of Issues
201
Average Coupon
4.4%
Average Effective Maturity
17.2 Years
Average Effective Duration
7.83 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 06/24/2022
$0.049
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2022 $0.01000 $4.81
Daily Daily 04/30/2022 $0.01012 $4.77
Daily Daily 03/31/2022 $0.00954 $4.97
Daily Daily 02/28/2022 $0.01022 $5.15
Daily Daily 01/31/2022 $0.00952 $5.20

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 06/30/2022
Daily Daily 07/31/2022
Daily Daily 08/31/2022
Daily Daily 09/30/2022
Daily Daily 10/31/2022
Daily Daily 11/30/2022
Daily Daily 12/31/2022

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/10/1998 12/18/1998 - - $0.1100 $5.42

Upcoming Capital Gain Distribution

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
12/21/2022 12/22/2022

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 06/24/2022

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $4.75
$100,000 to $249,999 1.75% 1.50% $4.72
$250,000 to $499,999 0.00% 1.00% $4.64
$500,000 to $999,999 0.00% 1.00% $4.64
$1,000,000 to $5,000,000 0.00% 1.00% $4.64

Expense Ratioas of 05/31/2022

Fund Documents

Fund Documents

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Publish Date:11/03/2015
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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.

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