New Jersey Tax Free Fund
Daily price w/o sales charge as of 12/12/2024
$4.79
$0.02
YTD Returns w/o sales charge as of 12/12/2024
2.90%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Yield
| Subsidized2 | Un-Subsidized3 | |
|---|---|---|
| w/o sales charge | 3.03% | 3.02% |
Average Yield to Worst as of 11/29/2024 |
3.88% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.
Fund Basicsas of 11/29/2024
- Total Net Assets
- $141.69 M
- Inception Date
- 01/02/1991
- Dividend Frequency
- Monthly
- Fund Gross Expense Ratio
- 0.87%
- Fund Net Expense Ratio
- 0.82%
- Number of Holdings
- 188
- Minimum Initial Investment
- $1,000+
Fund Expense Ratio :
Gross 0.87%
Net 0.82%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/02/1991 |
|---|
| w/o sales charge | 3.23% | 6.14% | -0.78% | 1.07% | 2.51% | 4.48% |
| Lipper Category Avg. New Jersey Municipal Debt Funds | 3.16% | 5.70% | -0.24% | 1.26% | 2.35% | - |
| Bloomberg Municipal Bond Index | 2.55% | 4.93% | -0.01% | 1.35% | 2.45% | - |
| w/ sales charge | 0.92% | 3.70% | -1.51% | 0.61% | 2.28% | 4.41% |
Fund Expense Ratio :
Gross 0.87%
Net 0.82%
Fund Expense Ratio :
Gross 0.87%
Net 0.82%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/02/1991 |
|---|
| w/o sales charge | 2.93% | 11.14% | -0.70% | 1.05% | 2.57% | 4.49% |
| Lipper Category Avg. New Jersey Municipal Debt Funds | 2.87% | 10.50% | -0.15% | 1.23% | 2.38% | - |
| Bloomberg Municipal Bond Index | 2.30% | 10.37% | 0.09% | 1.39% | 2.52% | - |
| w/ sales charge | 0.62% | 8.71% | -1.43% | 0.59% | 2.35% | 4.42% |
Fund Expense Ratio :
Gross 0.87%
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.
| Sector | Assets |
|---|---|
| Transportation | |
| Lease | |
| Healthcare/Hospital | |
| Education | |
| IDR/PCR | |
| GO Local | |
| Special Tax | |
| Power | |
| Water & Sewer | |
| GO State | |
| Pre-Refunded | |
| 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 11/29/2024 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.
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Performance
Performance
Average Yield to Worst as of 11/29/2024
30-Day Standardized Yield 1 as of 11/30/2024
| Subsidized2 | Un-Subsidized3 | |
|---|---|---|
| w/o sales charge | 3.03% | 3.02% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.87%
Net 0.82%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/02/1991 |
|---|
| w/o sales charge | 3.23% | 6.14% | -0.78% | 1.07% | 2.51% | 4.48% |
| Lipper Category Avg. New Jersey Municipal Debt Funds | 3.16% | 5.70% | -0.24% | 1.26% | 2.35% | - |
| Bloomberg Municipal Bond Index | 2.55% | 4.93% | -0.01% | 1.35% | 2.45% | - |
| w/ sales charge | 0.92% | 3.70% | -1.51% | 0.61% | 2.28% | 4.41% |
Fund Expense Ratio :
Gross 0.87%
Net 0.82%
Fund Expense Ratio :
Gross 0.87%
Net 0.82%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/02/1991 |
|---|
| w/o sales charge | 2.93% | 11.14% | -0.70% | 1.05% | 2.57% | 4.49% |
| Lipper Category Avg. New Jersey Municipal Debt Funds | 2.87% | 10.50% | -0.15% | 1.23% | 2.38% | - |
| Bloomberg Municipal Bond Index | 2.30% | 10.37% | 0.09% | 1.39% | 2.52% | - |
| w/ sales charge | 0.62% | 8.71% | -1.43% | 0.59% | 2.35% | 4.42% |
Fund Expense Ratio :
Gross 0.87%
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 |
|---|
| 2023 | 7.71% | 6.40% |
| 2022 | -12.47% | -8.53% |
| 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% | - |
| 2012 | 10.73% | - |
| 2011 | 10.42% | - |
| 2010 | 1.04% | - |
| 2009 | 22.23% | - |
| 2008 | -15.02% | - |
| 2007 | -0.55% | - |
| 2006 | 4.11% | - |
| 2005 | 3.65% | - |
| 2004 | 3.77% | - |
| Year | Q1 | Q2 | Q3 | Q4 |
|---|
| 2024 | -0.09% | 0.34% | 2.67% | - |
| 2023 | 3.36% | 0.72% | -4.18% | 7.98% |
| 2022 | -6.92% | -5.43% | -4.72% | 4.36% |
| 2021 | 0.19% | 2.44% | -0.22% | 0.91% |
| 2020 | -2.87% | 2.65% | 1.78% | 3.11% |
| 2019 | 3.16% | 2.66% | 1.81% | 0.44% |
| 2018 | -0.91% | 1.31% | 0.28% | 1.10% |
| 2017 | 1.41% | 1.98% | 1.45% | 1.08% |
| 2016 | 2.06% | 3.81% | 0.14% | -4.76% |
| 2015 | 0.84% | -2.18% | 1.28% | 2.29% |
| 2014 | 4.86% | 2.78% | 2.11% | 1.84% |
| 2013 | 0.25% | -4.34% | -1.81% | -0.16% |
| 2012 | 3.97% | 2.20% | 3.13% | 1.05% |
| 2011 | -0.81% | 5.26% | 3.09% | 2.58% |
| 2010 | 1.80% | 1.36% | 4.11% | -5.95% |
| 2009 | 6.87% | 6.14% | 9.08% | -1.21% |
| 2008 | -1.96% | 0.91% | -6.06% | -8.57% |
| 2007 | 0.62% | -0.55% | -0.31% | -0.31% |
| 2006 | 0.24% | -0.19% | 3.01% | 1.02% |
| 2005 | 0.41% | 3.14% | -0.34% | 0.43% |
| 2004 | 1.81% | -2.64% | 3.46% | 1.18% |
| 2003 | 0.73% | 2.40% | -1.09% | 1.29% |
| 2002 | 0.57% | 3.16% | 4.45% | -0.71% |
| 2001 | 1.68% | 0.80% | 2.57% | -0.39% |
| 2000 | 3.47% | 1.37% | 2.11% | 5.02% |
| 1999 | 0.66% | -2.90% | -1.79% | -1.65% |
| 1998 | 1.40% | 1.78% | 2.89% | 0.30% |
| 1997 | -0.44% | 3.11% | 3.03% | 2.96% |
| 1996 | -1.56% | 1.11% | 2.15% | 2.35% |
| 1995 | 7.38% | 2.21% | 2.21% | 4.51% |
| 1994 | -5.69% | 0.49% | 0.33% | -1.98% |
| 1993 | 5.81% | 3.31% | 3.46% | 1.10% |
| 1992 | 0.27% | 4.23% | 2.50% | 1.92% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 11/30/2024
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 | |
| Education | |
| IDR/PCR | |
| GO Local | |
| Special Tax | |
| Power | |
| Water & Sewer | |
| GO State | |
| Pre-Refunded | |
| 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 11/29/2024
| 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 11/29/2024
- Total Net Assets
- $141.69 M
- Average Effective Duration
- 7.41 Years
- Average Effective Maturity
- 19.3 Years
- Number of Issues
- 188
- Average Yield to Worst
- 3.88%
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.
Yield to worst (YTW) refers to the lesser of a bond’s (a) yield-to-maturity or (b) the lowest yield-to-call calculated on each scheduled call date.
| Holding | Coupon | Maturity | Assets |
|---|
| New Jersey Educational Facilities Authority | 5.250% | 02/21/2054 | 3.1% |
| New Jersey Turnpike Authority | 5.250% | 12/24/2053 | 2.0% |
| New Jersey Transportation Trust Fund Authority | 5.250% | 06/08/2050 | 2.0% |
| Tobacco Settlement Financing Corp | 5.000% | 05/26/2046 | 1.9% |
| Port Authority Of New York & New Jersey | 5.000% | 08/24/2054 | 1.8% |
| Middlesex County Improvement Authority | 5.000% | 08/07/2053 | 1.5% |
| New Jersey Health Care Facilities Financing Author | 5.000% | 06/26/2043 | 1.4% |
| South Jersey Transportation Authority | 5.250% | 10/24/2052 | 1.4% |
| City Of Newark Nj Mass Transit Access Tax Revenue | 5.375% | 11/07/2052 | 1.4% |
| New Jersey Health Care Facilities Financing Author | 5.250% | 06/23/2054 | 1.3% |
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 |
|---|
| New Jersey Educational Facilities Authority | 5.250% | 02/21/2054 | 3.1% |
| New Jersey Turnpike Authority | 5.250% | 12/24/2053 | 2.0% |
| New Jersey Transportation Trust Fund Authority | 5.250% | 06/08/2050 | 2.0% |
| Tobacco Settlement Financing Corp | 5.000% | 05/26/2046 | 1.9% |
| Port Authority Of New York & New Jersey | 5.000% | 08/24/2054 | 1.8% |
| Middlesex County Improvement Authority | 5.000% | 08/07/2053 | 1.5% |
| New Jersey Health Care Facilities Financing Author | 5.000% | 06/26/2043 | 1.4% |
| South Jersey Transportation Authority | 5.250% | 10/24/2052 | 1.4% |
| City Of Newark Nj Mass Transit Access Tax Revenue | 5.375% | 11/07/2052 | 1.4% |
| New Jersey Health Care Facilities Financing Author | 5.250% | 06/23/2054 | 1.3% |
| South Jersey Port Corp | 5.000% | 12/26/2047 | 1.3% |
| New Jersey Economic Development Authority | 5.375% | 12/27/2042 | 1.2% |
| New Jersey Health Care Facilities Financing Author | 5.250% | 06/23/2054 | 1.2% |
| New Jersey Transportation Trust Fund Authority | 5.000% | 06/10/2042 | 1.2% |
| New Jersey Health Care Facilities Financing Author | 4.125% | 06/23/2054 | 1.2% |
| South Jersey Transportation Authority | 5.000% | 10/28/2039 | 1.1% |
| New Jersey Transportation Trust Fund Authority | 0.000% | 12/13/2031 | 1.1% |
| Port Authority Of New York & New Jersey | 5.250% | 07/24/2052 | 1.0% |
| New Jersey Economic Development Authority | 5.000% | 09/25/2047 | 1.0% |
| New Jersey Economic Development Authority | 3.500% | 03/28/2042 | 1.0% |
| New Jersey Economic Development Authority | 5.250% | 09/13/2029 | 1.0% |
| Port Authority Of New York & New Jersey | 5.000% | 11/01/2024 | 1.0% |
| New Jersey Transportation Trust Fund Authority | 5.000% | 01/15/2025 | 1.0% |
| Delaware River & Bay Authority | 5.000% | 12/25/2048 | 1.0% |
| New Jersey Turnpike Authority | 5.000% | 12/26/2045 | 1.0% |
| New Jersey Health Care Facilities Financing Author | 4.000% | 06/24/2051 | 1.0% |
| New Jersey Health Care Facilities Financing Author | 5.000% | 06/26/2042 | 0.9% |
| New Jersey Turnpike Authority | 5.250% | 12/25/2051 | 0.9% |
| New Jersey Health Care Facilities Financing Author | 4.000% | 06/25/2048 | 0.9% |
| Casino Reinvestment Development Authority Inc | 4.000% | 10/26/2044 | 0.9% |
| Port Authority Of New York & New Jersey | 5.000% | 09/12/2033 | 0.8% |
| New Jersey Turnpike Authority | 5.000% | 12/27/2042 | 0.8% |
| Salem County Pollution Control Financing Authority | 4.450% | 03/01/2025 | 0.8% |
| Garden State Preservation Trust | 5.750% | 10/30/2028 | 0.8% |
| New Jersey Educational Facilities Authority | 5.000% | 08/29/2033 | 0.8% |
| Gloucester County Improvement Authority/The | 5.000% | 06/23/2054 | 0.8% |
| South Jersey Transportation Authority | 4.000% | 10/25/2050 | 0.8% |
| New Jersey Transportation Trust Fund Authority | 4.000% | 06/08/2050 | 0.8% |
| Tobacco Settlement Financing Corp | 5.250% | 05/26/2046 | 0.8% |
| New Jersey Transportation Trust Fund Authority | 5.000% | 06/14/2028 | 0.7% |
| New Jersey Health Care Facilities Financing Author | 5.000% | 09/27/2037 | 0.7% |
| New Jersey Health Care Facilities Financing Author | 5.000% | 06/27/2039 | 0.7% |
| New Jersey Health Care Facilities Financing Author | 4.000% | 06/26/2044 | 0.7% |
| New Jersey Health Care Facilities Financing Author | 5.000% | 06/25/2046 | 0.7% |
| New Jersey Economic Development Authority | 4.750% | 11/30/2024 | 0.7% |
| County Of Ocean Nj | 4.000% | 10/30/2034 | 0.7% |
| Middlesex County Improvement Authority | 4.000% | 08/08/2053 | 0.7% |
| New Jersey Turnpike Authority | 4.000% | 12/26/2047 | 0.7% |
| Union County Utilities Authority | 4.750% | 11/29/2031 | 0.7% |
| New Jersey Health Care Facilities Financing Author | 3.000% | 06/24/2051 | 0.7% |
| New Jersey Economic Development Authority | 5.125% | 12/28/2038 | 0.7% |
| New Jersey Health Care Facilities Financing Author | 4.000% | 06/25/2047 | 0.7% |
| New Jersey Economic Development Authority | 5.250% | 10/26/2047 | 0.7% |
| New Jersey Infrastructure Bank | 5.000% | 08/25/2049 | 0.6% |
| New Jersey Turnpike Authority | 5.000% | 12/26/2047 | 0.6% |
| New Jersey Educational Facilities Authority | 5.000% | 06/26/2041 | 0.6% |
| New Jersey Turnpike Authority | 5.250% | 12/31/2027 | 0.6% |
| Passaic Valley Sewerage Commission | 3.000% | 11/28/2038 | 0.6% |
| New Jersey Educational Facilities Authority | 3.000% | 06/24/2050 | 0.6% |
| New Jersey Transportation Trust Fund Authority | 5.250% | 12/13/2032 | 0.6% |
| Port Authority Of New York & New Jersey | 4.000% | 08/27/2043 | 0.6% |
| Rutherford Board Of Education | 2.500% | 12/13/2034 | 0.6% |
| Casino Reinvestment Development Authority Inc | 5.250% | 11/01/2024 | 0.6% |
| New Jersey Educational Facilities Authority | 5.000% | 06/26/2041 | 0.6% |
| New Jersey Economic Development Authority | 3.000% | 07/27/2041 | 0.6% |
| New Jersey Turnpike Authority | 5.000% | 12/26/2044 | 0.6% |
| State Of New Jersey | 5.000% | 05/28/2040 | 0.6% |
| State Of New Jersey | 2.500% | 05/28/2038 | 0.6% |
| Township Of Berkeley Heights Nj | 4.000% | 06/29/2032 | 0.6% |
| New Jersey Educational Facilities Authority | 5.250% | 08/24/2053 | 0.6% |
| South Jersey Port Corp | 5.000% | 12/29/2035 | 0.6% |
| New Jersey Economic Development Authority | 5.000% | 06/12/2035 | 0.6% |
| New Jersey Health Care Facilities Financing Author | 5.000% | 06/26/2041 | 0.6% |
| Port Authority Of New York & New Jersey | 5.000% | 08/28/2036 | 0.6% |
| Delaware River Joint Toll Bridge Commission | 3.000% | 06/24/2049 | 0.6% |
| City Of Atlantic City Nj | 5.000% | 03/01/2027 | 0.6% |
| City Of Jersey City Nj | 4.000% | 02/12/2036 | 0.5% |
| New Jersey Turnpike Authority | 5.000% | 12/30/2029 | 0.5% |
| Bergen County Improvement Authority/The | 5.000% | 05/30/2034 | 0.5% |
| Port Authority Of New York & New Jersey | 5.000% | 07/11/2038 | 0.5% |
| County Of Hudson Nj | 2.000% | 11/12/2035 | 0.5% |
| Cumberland County Improvement Authority/The | 4.000% | 09/25/2048 | 0.5% |
| New Jersey Educational Facilities Authority | 4.000% | 06/28/2036 | 0.5% |
| Port Authority Of New York & New Jersey | 5.000% | 09/12/2032 | 0.5% |
| New Jersey Economic Development Authority | 5.500% | 05/29/2033 | 0.5% |
| New Jersey Transportation Trust Fund Authority | 4.000% | 12/11/2039 | 0.5% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 06/24/2051 | 0.5% |
| Delaware River Port Authority | 5.000% | 12/28/2039 | 0.5% |
| New Jersey Turnpike Authority | 5.000% | 12/29/2033 | 0.5% |
| New Jersey Transportation Trust Fund Authority | 0.000% | 12/11/2038 | 0.5% |
| New Jersey Turnpike Authority | 4.000% | 12/28/2042 | 0.4% |
| New Jersey Transportation Trust Fund Authority | 5.500% | 06/08/2050 | 0.4% |
| New Jersey Transportation Trust Fund Authority | 3.000% | 06/08/2050 | 0.4% |
| Port Authority Of New York & New Jersey | 5.000% | 07/11/2036 | 0.4% |
| Port Authority Of New York & New Jersey | 5.000% | 11/29/2033 | 0.4% |
| New Jersey Transportation Trust Fund Authority | 5.000% | 06/13/2030 | 0.4% |
| New Jersey Educational Facilities Authority | 5.000% | 06/26/2044 | 0.4% |
| City Of Atlantic City Nj | 5.000% | 03/01/2027 | 0.4% |
| New Jersey Economic Development Authority | 5.000% | 06/09/2047 | 0.4% |
| New Jersey Educational Facilities Authority | 5.000% | 07/01/2027 | 0.4% |
| New Jersey Educational Facilities Authority | 5.000% | 08/28/2036 | 0.4% |
| Delaware River & Bay Authority | 5.000% | 12/31/2031 | 0.4% |
| Jersey City Municipal Utilities Authority | 5.250% | 10/07/2054 | 0.4% |
| Port Authority Of New York & New Jersey | 5.000% | 07/09/2045 | 0.4% |
| New Jersey Educational Facilities Authority | 4.000% | 06/27/2041 | 0.4% |
| Camden County Improvement Authority/The | 6.000% | 06/09/2047 | 0.4% |
| New Jersey Infrastructure Bank | 5.000% | 08/24/2052 | 0.4% |
| Port Authority Of New York & New Jersey | 5.000% | 07/07/2053 | 0.4% |
| South Jersey Transportation Authority | 5.000% | 10/26/2045 | 0.4% |
| New Jersey Health Care Facilities Financing Author | 5.000% | 09/27/2038 | 0.4% |
| Port Authority Of New York & New Jersey | 5.000% | 11/25/2044 | 0.4% |
| New Jersey Economic Development Authority | 5.000% | 06/13/2029 | 0.4% |
| New Jersey Economic Development Authority | 5.000% | 06/09/2048 | 0.4% |
| New Jersey Economic Development Authority | 5.000% | 05/27/2042 | 0.4% |
| Port Authority Of New York & New Jersey | 5.000% | 11/10/2041 | 0.4% |
| Delaware River & Bay Authority | 4.000% | 12/27/2043 | 0.4% |
| City Of Summit Nj | 4.000% | 07/14/2031 | 0.4% |
| New Jersey Transportation Trust Fund Authority | 4.250% | 06/10/2044 | 0.4% |
| New Jersey Economic Development Authority | 3.750% | 10/29/2034 | 0.4% |
| Hudson County Improvement Authority | 4.000% | 05/26/2049 | 0.4% |
| New Jersey Educational Facilities Authority | 4.000% | 06/26/2046 | 0.4% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/27/2040 | 0.4% |
| New Jersey Health Care Facilities Financing Author | 5.000% | 06/28/2035 | 0.3% |
| New Jersey Transportation Trust Fund Authority | 4.250% | 12/11/2038 | 0.3% |
| Plainfield Board Of Education | 4.000% | 10/13/2034 | 0.3% |
| County Of Atlantic Nj | 4.000% | 03/14/2032 | 0.3% |
| New Jersey Health Care Facilities Financing Author | 2.375% | 06/25/2046 | 0.3% |
| New Jersey Economic Development Authority | 4.000% | 07/24/2059 | 0.3% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 06/28/2033 | 0.3% |
| New Jersey Economic Development Authority | 2.200% | 09/27/2039 | 0.3% |
| New Jersey Transportation Trust Fund Authority | 3.000% | 06/08/2050 | 0.3% |
| New Jersey Educational Facilities Authority | 5.500% | 08/29/2033 | 0.3% |
| State Of New Jersey | 5.000% | 05/27/2041 | 0.3% |
| New Jersey Higher Education Student Assistance Aut | 2.500% | 11/26/2040 | 0.3% |
| New Jersey Transportation Trust Fund Authority | 5.000% | 06/13/2031 | 0.3% |
| New Jersey Economic Development Authority | 6.500% | 03/31/2028 | 0.3% |
| New Jersey Health Care Facilities Financing Author | 5.000% | 06/29/2030 | 0.3% |
| Port Authority Of New York & New Jersey | 5.000% | 07/07/2053 | 0.3% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.550% | 06/27/2040 | 0.3% |
| New Jersey Educational Facilities Authority | 3.250% | 06/24/2049 | 0.3% |
| Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 4.000% | 06/26/2042 | 0.3% |
| New Jersey Economic Development Authority | 5.000% | 05/27/2041 | 0.3% |
| New Jersey Educational Facilities Authority | 5.000% | 07/01/2026 | 0.2% |
| New Jersey Educational Facilities Authority | 5.000% | 02/27/2033 | 0.2% |
| New Jersey Infrastructure Bank | 2.000% | 08/26/2046 | 0.2% |
| Gloucester County Improvement Authority/The | 5.000% | 11/01/2026 | 0.2% |
| Gloucester County Improvement Authority/The | 5.000% | 11/01/2026 | 0.2% |
| New Jersey Turnpike Authority | 5.000% | 12/27/2041 | 0.2% |
| Port Authority Of New York & New Jersey | 5.000% | 09/12/2034 | 0.2% |
| Casino Reinvestment Development Authority Inc | 5.000% | 10/27/2041 | 0.2% |
| New Jersey Economic Development Authority | 4.000% | 10/26/2044 | 0.2% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.750% | 06/23/2053 | 0.2% |
| Puerto Rico Commonwealth Aqueduct & Sewer Authorit | 5.000% | 06/29/2030 | 0.2% |
| New Jersey Higher Education Student Assistance Aut | 3.250% | 11/27/2039 | 0.2% |
| New Jersey Infrastructure Bank | 2.125% | 08/27/2046 | 0.2% |
| Union County Improvement Authority | 4.125% | 04/07/2054 | 0.2% |
| Territory Of Guam | 4.000% | 12/27/2041 | 0.2% |
| New Jersey Economic Development Authority | 5.000% | 12/30/2030 | 0.2% |
| Plainfield Board Of Education | 4.000% | 10/13/2034 | 0.2% |
| New Jersey Economic Development Authority | 5.000% | 05/29/2036 | 0.2% |
| New Jersey Educational Facilities Authority | 3.000% | 06/28/2039 | 0.2% |
| New Jersey Educational Facilities Authority | 3.000% | 06/27/2040 | 0.2% |
| Casino Reinvestment Development Authority Inc | 5.000% | 10/30/2034 | 0.2% |
| New Jersey Economic Development Authority | 5.625% | 12/25/2051 | 0.2% |
| New Jersey Higher Education Student Assistance Aut | 5.000% | 06/01/2028 | 0.2% |
| New Jersey Institute Of Technology/Nj | 5.000% | 06/30/2029 | 0.1% |
| New Jersey Educational Facilities Authority | 4.000% | 06/24/2050 | 0.1% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 06/29/2031 | 0.1% |
| Commonwealth Of Puerto Rico | 0.000% | 10/28/2043 | 0.1% |
| New Jersey Health Care Facilities Financing Author | 5.000% | 07/01/2026 | 0.1% |
| New Jersey Economic Development Authority | 5.000% | 12/31/2027 | 0.1% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.329% | 06/27/2040 | 0.1% |
| New Jersey Housing & Mortgage Finance Agency | 3.150% | 04/24/2053 | 0.1% |
| Commonwealth Of Puerto Rico | 5.625% | 06/29/2029 | 0.0% |
| Commonwealth Of Puerto Rico | 5.750% | 06/29/2031 | 0.0% |
| Commonwealth Of Puerto Rico | 5.625% | 06/30/2027 | 0.0% |
| Commonwealth Of Puerto Rico | 4.000% | 06/28/2033 | 0.0% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.784% | 06/22/2058 | 0.0% |
| Commonwealth Of Puerto Rico | 4.000% | 06/28/2035 | 0.0% |
| Commonwealth Of Puerto Rico | 0.000% | 06/28/2033 | 0.0% |
| Commonwealth Of Puerto Rico | 4.000% | 06/27/2037 | 0.0% |
| Commonwealth Of Puerto Rico | 5.375% | 07/01/2025 | 0.0% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | 4.550% | 06/27/2040 | 0.0% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 4.536% | 06/23/2053 | 0.0% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | 0.000% | 06/29/2029 | 0.0% |
| USZ4 - Futures | 0.000% | - | 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 12/12/2024
- $0.13154
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| Daily | Daily | 11/30/2024 | $0.01207 | $4.81 |
| Daily | Daily | 10/31/2024 | $0.01203 | $4.74 |
| Daily | Daily | 09/30/2024 | $0.01216 | $4.82 |
| Daily | Daily | 08/31/2024 | $0.01174 | $4.77 |
| Daily | Daily | 07/31/2024 | $0.01193 | $4.76 |
| Daily | Daily | 06/30/2024 | $0.01211 | $4.73 |
| Daily | Daily | 05/31/2024 | $0.01182 | $4.67 |
| Daily | Daily | 04/30/2024 | $0.01206 | $4.68 |
| Daily | Daily | 03/31/2024 | $0.01179 | $4.75 |
| Daily | Daily | 02/29/2024 | $0.01207 | $4.76 |
| Daily | Daily | 01/31/2024 | $0.01176 | $4.77 |
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 | 12/31/2024 |
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.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 12/12/2024
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $4.90 |
| $100,000 to $249,999 | 1.75% | 1.50% | $4.88 |
| Greater than $250,000 | 0.00% | 1.00% | $4.79 |
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 11/30/2024
| Fund Gross Expense Ratio | 0.87% |
| Fund Net Expense Ratio | 0.82% |
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 01/31/2025. 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
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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Annual Tailored Shareholder Report
Publish Date:11/03/2015
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Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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