New Jersey Tax Free Fund
Daily price w/o sales charge as of 06/24/2022
$4.64
$0.01
YTD Returns w/o sales charge as of 06/24/2022
-12.58%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
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% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
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
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 01/31/2023. 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 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%
Returns with sales charges reflect a maximum sales charge of 2.25%.
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.
RELATED CONTENT

Three Muni Market Drivers
Lord Abbett Partner and Director, Daniel Solender breaks down how demand, supply, and the infrastructure bill are shaping today’s municipal bond market.
Sector | Assets |
---|---|
Transportation | |
Lease | |
Healthcare/Hospital | |
IDR/PCR | |
Education | |
GO Local | |
Special Tax | |
GO State | |
Water & Sewer | |
Power | |
Pre-Refunded | |
Treasury | |
Housing |
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 05/31/2022 View Portfolio
Rating | Assets |
---|---|
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.
INVESTMENT TEAM


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% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
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%
Returns with sales charges reflect a maximum sales charge of 2.25%.
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.
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% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 07/31/2021
The chart begins on the Fund's inception date of 01/02/1991.
Based on a hypothetical Class A share investment of $10,000 on 01/02/1991 without sales charge and includes the reinvestment of all distributions.
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 |
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 05/31/2022
Rating | Assets |
---|---|
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.
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
To view definitions for the above Portfolio Details, Click here.
Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.
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% | 06/01/2046 | 2.1% |
New Jersey Economic Development Authority | 5.250% | 09/15/2029 | 1.5% |
New Jersey Economic Development Authority | 3.500% | 04/01/2042 | 1.4% |
New Jersey Economic Development Authority | 5.375% | 01/01/2043 | 1.4% |
New Jersey Infrastructure Bank | 4.000% | 09/01/2047 | 1.3% |
State of New Jersey | 4.000% | 06/01/2031 | 1.3% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/15/2038 | 1.3% |
New Jersey Transportation Trust Fund Authority | 0.000% | 12/15/2031 | 1.2% |
New Jersey Economic Development Authority | 4.000% | 06/15/2049 | 1.2% |
Garden State Preservation Trust | 5.750% | 11/01/2028 | 1.2% |
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% | 06/01/2046 | 2.2% |
New Jersey Economic Development Authority | 5.250% | 09/15/2029 | 1.5% |
New Jersey Economic Development Authority | 5.375% | 01/01/2043 | 1.4% |
New Jersey Economic Development Authority | 3.500% | 04/01/2042 | 1.4% |
New Jersey Infrastructure Bank | 4.000% | 09/01/2047 | 1.3% |
State of New Jersey | 4.000% | 06/01/2031 | 1.3% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/15/2038 | 1.3% |
Garden State Preservation Trust | 5.750% | 11/01/2028 | 1.2% |
New Jersey Transportation Trust Fund Authority | 0.000% | 12/15/2031 | 1.2% |
New Jersey Economic Development Authority | 4.000% | 06/15/2049 | 1.1% |
New Jersey Transportation Trust Fund Authority | 4.000% | 06/15/2050 | 1.1% |
Delaware River Joint Toll Bridge Commission | 4.000% | 07/01/2047 | 1.1% |
New Jersey Health Care Facilities Financing Author | 4.000% | 07/01/2048 | 1.1% |
Port Authority of New York & New Jersey | 5.000% | 10/15/2036 | 1.1% |
Essex County Improvement Authority | 4.000% | 11/01/2049 | 1.0% |
New Jersey Transportation Trust Fund Authority | 4.000% | 12/15/2039 | 1.0% |
New Jersey Educational Facilities Authority | 5.000% | 09/01/2033 | 1.0% |
South Jersey Transportation Authority | 4.000% | 11/01/2050 | 1.0% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/15/2028 | 1.0% |
Tobacco Settlement Financing Corp | 5.250% | 06/01/2046 | 0.9% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2039 | 0.9% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2046 | 0.9% |
New Jersey Health Care Facilities Financing Author | 4.000% | 07/01/2044 | 0.9% |
Delaware River & Bay Authority | 4.000% | 01/01/2046 | 0.9% |
New Jersey Turnpike Authority | 4.000% | 01/01/2043 | 0.9% |
New Jersey Transportation Trust Fund Authority | 4.000% | 06/15/2050 | 0.9% |
New Jersey Economic Development Authority | 4.750% | 06/15/2032 | 0.9% |
New Jersey Transportation Trust Fund Authority | 4.750% | 06/15/2038 | 0.9% |
Union County Utilities Authority | 4.750% | 12/01/2031 | 0.9% |
New Jersey Turnpike Authority | 4.000% | 01/01/2048 | 0.9% |
Essex County Improvement Authority | 4.000% | 08/01/2051 | 0.9% |
New Jersey Economic Development Authority | 5.000% | 10/01/2047 | 0.8% |
New Jersey Economic Development Authority | 5.125% | 01/01/2039 | 0.8% |
New Jersey Turnpike Authority | 5.250% | 01/01/2028 | 0.8% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2043 | 0.8% |
Port Authority of New York & New Jersey | 4.000% | 09/01/2043 | 0.8% |
New Jersey Educational Facilities Authority | 5.000% | 07/01/2030 | 0.8% |
Passaic Valley Sewerage Commission | 3.000% | 12/01/2038 | 0.8% |
Delaware River & Bay Authority | 4.000% | 01/01/2044 | 0.8% |
New Jersey Educational Facilities Authority | 5.000% | 07/01/2041 | 0.8% |
Rutherford Board of Education | 2.500% | 12/15/2034 | 0.8% |
New Jersey Economic Development Authority | 3.000% | 08/01/2041 | 0.7% |
Port Authority of New York & New Jersey | 4.000% | 09/01/2043 | 0.7% |
Hudson County Improvement Authority | 4.000% | 10/01/2046 | 0.7% |
Delaware River Joint Toll Bridge Commission | 3.000% | 07/01/2049 | 0.7% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2028 | 0.7% |
State of New Jersey | 2.500% | 06/01/2038 | 0.7% |
New Jersey Health Care Facilities Financing Author | 4.000% | 07/01/2047 | 0.7% |
City of Atlantic City NJ | 5.000% | 03/01/2042 | 0.7% |
New Jersey Health Care Facilities Financing Author | 3.000% | 07/01/2051 | 0.7% |
New Jersey Economic Development Authority | 5.000% | 06/15/2035 | 0.7% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2041 | 0.7% |
New Jersey Educational Facilities Authority | 3.000% | 07/01/2050 | 0.7% |
New Jersey Educational Facilities Authority | 4.000% | 07/01/2036 | 0.7% |
New Jersey Transportation Trust Fund Authority | 5.250% | 06/15/2043 | 0.7% |
State of New Jersey | 5.000% | 06/01/2027 | 0.7% |
Cumberland County Improvement Authority/The | 4.000% | 10/01/2048 | 0.7% |
County of Hudson NJ | 2.000% | 11/15/2035 | 0.6% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2031 | 0.6% |
New Jersey Economic Development Authority | 5.000% | 06/15/2035 | 0.6% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2029 | 0.6% |
Salem County Pollution Control Financing Authority | 5.000% | 12/01/2023 | 0.6% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2042 | 0.6% |
New Jersey Economic Development Authority | 5.500% | 06/01/2033 | 0.6% |
New Jersey Turnpike Authority | 5.000% | 01/01/2034 | 0.6% |
New Jersey Economic Development Authority | 6.500% | 04/01/2028 | 0.6% |
Gloucester County Improvement Authority/The | 4.000% | 07/01/2051 | 0.6% |
State of New Jersey | 4.000% | 06/01/2032 | 0.6% |
New Jersey Turnpike Authority | 5.000% | 01/01/2030 | 0.6% |
New Jersey Higher Education Student Assistance Aut | 3.250% | 12/01/2039 | 0.6% |
Port Authority of New York & New Jersey | 5.000% | 11/15/2047 | 0.6% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2033 | 0.5% |
New Jersey Turnpike Authority | 5.000% | 01/01/2033 | 0.5% |
New Jersey Health Care Facilities Financing Author | 5.750% | 07/01/2037 | 0.5% |
Port Authority of New York & New Jersey | 5.000% | 09/15/2033 | 0.5% |
City of Atlantic City NJ | 5.000% | 03/01/2037 | 0.5% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/15/2030 | 0.5% |
Delaware River Port Authority | 5.000% | 01/01/2040 | 0.5% |
New Jersey Economic Development Authority | 5.000% | 06/15/2047 | 0.5% |
New Jersey Transportation Trust Fund Authority | 5.000% | 12/15/2036 | 0.5% |
New Jersey Educational Facilities Authority | 5.000% | 09/01/2036 | 0.5% |
Newark Housing Authority Scholarship Foundation A | 4.000% | 01/01/2037 | 0.5% |
New Jersey Turnpike Authority | 5.000% | 01/01/2031 | 0.5% |
New Jersey Turnpike Authority | 5.000% | 01/01/2030 | 0.5% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 07/01/2051 | 0.5% |
South Jersey Transportation Authority | 5.000% | 11/01/2045 | 0.5% |
South Jersey Transportation Authority | 5.000% | 11/01/2039 | 0.5% |
Port Authority of New York & New Jersey | 5.000% | 11/15/2033 | 0.5% |
Casino Reinvestment Development Authority Inc | 5.250% | 11/01/2039 | 0.5% |
New Jersey Educational Facilities Authority | 4.000% | 07/01/2041 | 0.5% |
New Jersey Turnpike Authority | 5.000% | 01/01/2035 | 0.5% |
Camden County Improvement Authority/The | 5.000% | 02/15/2030 | 0.5% |
New Jersey Economic Development Authority | 5.000% | 06/01/2042 | 0.5% |
Port Authority of New York & New Jersey | 5.000% | 11/15/2032 | 0.5% |
Port Authority of New York & New Jersey | 5.000% | 09/15/2032 | 0.5% |
New Jersey Health Care Facilities Financing Author | 5.000% | 10/01/2038 | 0.5% |
New Jersey Economic Development Authority | 5.000% | 06/15/2029 | 0.5% |
New Jersey Turnpike Authority | 5.000% | 01/01/2034 | 0.5% |
Port Authority of New York & New Jersey | 5.000% | 10/15/2035 | 0.5% |
New Jersey Economic Development Authority | 5.000% | 06/15/2042 | 0.5% |
Casino Reinvestment Development Authority Inc | 5.000% | 11/01/2032 | 0.5% |
New Jersey Economic Development Authority | 5.000% | 06/15/2048 | 0.5% |
New Jersey Educational Facilities Authority | 4.000% | 07/01/2046 | 0.5% |
New Jersey Transportation Trust Fund Authority | 0.000% | 12/15/2038 | 0.5% |
Camden County Improvement Authority/The | 5.000% | 02/15/2032 | 0.5% |
South Jersey Port Corp | 5.000% | 01/01/2048 | 0.5% |
Gloucester County Improvement Authority/The | 4.000% | 07/01/2048 | 0.5% |
Hudson County Improvement Authority | 4.000% | 01/01/2040 | 0.4% |
Salem County Improvement Authority | 4.000% | 08/15/2048 | 0.4% |
New Jersey Health Care Facilities Financing Author | 4.000% | 07/01/2045 | 0.4% |
New Jersey Educational Facilities Authority | 4.000% | 07/01/2052 | 0.4% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 07/01/2040 | 0.4% |
New Jersey Economic Development Authority | 4.000% | 08/01/2059 | 0.4% |
New Jersey Health Care Facilities Financing Author | 2.375% | 07/01/2046 | 0.4% |
Port Authority of New York & New Jersey | 4.000% | 07/15/2040 | 0.4% |
New Jersey Transportation Trust Fund Authority | 4.250% | 12/15/2038 | 0.4% |
Port Authority of New York & New Jersey | 5.000% | 07/15/2038 | 0.4% |
New Jersey Economic Development Authority | 2.200% | 10/01/2039 | 0.4% |
New Jersey Higher Education Student Assistance Aut | 2.500% | 12/01/2040 | 0.4% |
New Jersey Educational Facilities Authority | 5.500% | 09/01/2033 | 0.4% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 07/01/2033 | 0.4% |
Camden County Improvement Authority/The | 5.750% | 02/15/2042 | 0.4% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 5.000% | 07/01/2058 | 0.4% |
New Jersey Transportation Trust Fund Authority | 5.000% | 06/15/2031 | 0.4% |
Guam Power Authority | 5.000% | 10/01/2034 | 0.4% |
Gloucester County Improvement Authority/The | 5.000% | 07/01/2044 | 0.4% |
New Jersey Economic Development Authority | 5.000% | 06/15/2034 | 0.4% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.550% | 07/01/2040 | 0.3% |
New Jersey Turnpike Authority | 5.000% | 01/01/2037 | 0.3% |
New Jersey Economic Development Authority | 5.000% | 06/01/2041 | 0.3% |
Port Authority of New York & New Jersey | 5.000% | 09/15/2029 | 0.3% |
New Jersey Educational Facilities Authority | 3.250% | 07/01/2049 | 0.3% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2027 | 0.3% |
Salem County Improvement Authority | 4.000% | 08/15/2042 | 0.3% |
Hudson County Improvement Authority | 4.000% | 10/01/2051 | 0.3% |
New Jersey Educational Facilities Authority | 5.000% | 07/01/2034 | 0.3% |
New Jersey Infrastructure Bank | 4.000% | 09/01/2036 | 0.3% |
New Jersey Infrastructure Bank | 2.000% | 09/01/2046 | 0.3% |
Rutgers The State University of New Jersey | 5.000% | 05/01/2028 | 0.3% |
Guam Government Waterworks Authority | 5.000% | 01/01/2050 | 0.3% |
Gloucester County Improvement Authority/The | 5.000% | 11/01/2030 | 0.3% |
Delaware River Joint Toll Bridge Commission | 5.000% | 07/01/2030 | 0.3% |
New Jersey Transportation Trust Fund Authority | 3.000% | 06/15/2050 | 0.3% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2030 | 0.3% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2033 | 0.3% |
City of Newark NJ | 4.000% | 10/01/2037 | 0.2% |
Gloucester County Improvement Authority/The | 5.000% | 11/01/2029 | 0.2% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.750% | 07/01/2053 | 0.2% |
New Jersey Infrastructure Bank | 2.125% | 09/01/2046 | 0.2% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2030 | 0.2% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 07/01/2030 | 0.2% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2034 | 0.2% |
New Jersey Economic Development Authority | 4.000% | 11/01/2044 | 0.2% |
Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 07/01/2047 | 0.2% |
City of Newark NJ | 4.000% | 10/01/2035 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 01/01/2031 | 0.2% |
Territory of Guam | 4.000% | 01/01/2042 | 0.2% |
New Jersey Economic Development Authority | 5.000% | 06/01/2036 | 0.2% |
New Jersey Higher Education Student Assistance Aut | 5.000% | 12/01/2028 | 0.2% |
New Jersey Economic Development Authority | 5.625% | 01/01/2052 | 0.2% |
New Jersey Educational Facilities Authority | 3.000% | 07/01/2039 | 0.2% |
New Jersey Transportation Trust Fund Authority | 5.250% | 06/15/2041 | 0.2% |
New Jersey Educational Facilities Authority | 3.000% | 07/01/2040 | 0.2% |
Mercer County Improvement Authority/The | 4.000% | 04/01/2031 | 0.2% |
New Jersey Higher Education Student Assistance Aut | 4.125% | 12/01/2024 | 0.2% |
Mercer County Improvement Authority/The | 4.000% | 03/15/2040 | 0.2% |
State of New Jersey | 5.000% | 06/01/2027 | 0.2% |
New Jersey Educational Facilities Authority | 4.000% | 07/01/2050 | 0.2% |
New Jersey Institute of Technology/NJ | 5.000% | 07/01/2033 | 0.2% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 07/01/2031 | 0.2% |
Industrial Pollution Control Financing Authority o | 5.000% | 12/01/2024 | 0.1% |
City of Jersey City NJ | 5.000% | 11/01/2033 | 0.1% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2031 | 0.1% |
New Jersey Transportation Trust Fund Authority | 4.000% | 06/15/2046 | 0.1% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2030 | 0.1% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2027 | 0.1% |
New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2035 | 0.1% |
Guam Government Waterworks Authority | 5.000% | 07/01/2036 | 0.1% |
Commonwealth of Puerto Rico | 0.000% | 11/01/2043 | 0.1% |
Puerto Rico Electric Power Authority | 0.000% | 07/01/2037 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 01/01/2028 | 0.1% |
Puerto Rico Electric Power Authority | 0.000% | 07/01/2040 | 0.1% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 07/01/2040 | 0.1% |
New Jersey Housing & Mortgage Finance Agency | 3.150% | 05/01/2053 | 0.1% |
New Jersey Economic Development Authority | 5.000% | 07/01/2023 | 0.1% |
Puerto Rico Electric Power Authority | 0.000% | 07/01/2036 | 0.1% |
Commonwealth of Puerto Rico | 5.375% | 07/01/2025 | 0.0% |
Commonwealth of Puerto Rico | 5.625% | 07/01/2027 | 0.0% |
Commonwealth of Puerto Rico | 5.625% | 07/01/2029 | 0.0% |
Commonwealth of Puerto Rico | 5.750% | 07/01/2031 | 0.0% |
Commonwealth of Puerto Rico | 5.250% | 07/01/2023 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.784% | 07/01/2058 | 0.0% |
Commonwealth of Puerto Rico | 4.000% | 07/01/2033 | 0.0% |
Commonwealth of Puerto Rico | 4.000% | 07/01/2035 | 0.0% |
Commonwealth of Puerto Rico | 0.000% | 07/01/2033 | 0.0% |
Commonwealth of Puerto Rico | 4.000% | 07/01/2037 | 0.0% |
Middlesex County Improvement Authority | 0.000% | 01/01/2037 | 0.0% |
Commonwealth of Puerto Rico | 0.000% | 07/01/2024 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.550% | 07/01/2040 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.536% | 07/01/2053 | 0.0% |
Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 07/01/2029 | 0.0% |
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.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- 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
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
12/10/1998 | 12/18/1998 | - | - | $0.1100 | $5.42 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
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 |
The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.
Class A shares purchased without a sales charge (commissionable NAV) prior to 12/1/2021 will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls. However, effective 12/1/2021, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month of the 18-month anniversary of the purchase. Prior to 12/1/2021 purchases between $250,000 - $499,999 were subject to a front-end sales charge.
Expense Ratioas of 05/31/2022
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 01/31/2023. 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
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
0Documents selected
|
Order | ||||
---|---|---|---|---|---|
n/a |
Portfolio Holdings 1Q
Publish Date:11/03/2015
|
||||
n/a |
Portfolio Holdings 3Q
Publish Date:11/03/2015
|
||||
Summary Prospectus
Publish Date:11/03/2015
|
|||||
n/a |
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
|