New Jersey Tax Free Fund
Daily price w/o sales charge as of 06/28/2017
$4.93
$0.01
YTD Returns w/o sales charge as of 06/28/2017
3.61%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
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 06/28/2017
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 2.88% | 2.84% |
| w/ sales charge | 2.81% | 2.77% |
30-Day Standardized Yield 2 as of 05/31/2017
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 2.39% | 2.36% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Basicsas of 05/31/2017
- Total Net Assets
- $97.51 M
- Inception Date
- 01/02/1991
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 151
- CUSIP
- 543902407
- Minimum Initial Investment
- $1,000+
Expense Ratioas of 05/31/2017
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 01/31/2019. 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 0.86%
Net 0.82%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/02/1991 |
|---|
| w/o sales charge | 3.58% | 0.81% | 3.57% | 3.29% | 3.64% | 5.10% |
| Lipper Category Avg. New Jersey Municipal Debt Funds | 3.00% | 0.69% | 2.85% | 2.59% | 3.64% | - |
| Bloomberg Barclays Municipal Bond Index | 3.94% | 1.46% | 3.49% | 3.31% | 4.58% | - |
| w/ sales charge | 1.27% | -1.53% | 2.80% | 2.84% | 3.40% | 5.01% |
Fund Expense Ratio :
Gross 0.86%
Net 0.82%
Fund Expense Ratio :
Gross 0.86%
Net 0.82%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/02/1991 |
|---|
| w/o sales charge | 1.41% | 0.40% | 3.82% | 3.28% | 3.42% | 5.05% |
| Lipper Category Avg. New Jersey Municipal Debt Funds | 1.08% | 0.01% | 3.13% | 2.67% | 3.42% | - |
| Bloomberg Barclays Municipal Bond Index | 1.58% | 0.15% | 3.55% | 3.24% | 4.33% | - |
| w/ sales charge | -0.85% | -1.76% | 3.04% | 2.82% | 3.18% | 4.96% |
Fund Expense Ratio :
Gross 0.86%
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 of future results.
RELATED CONTENT
| Sector | Assets |
|---|---|
| Transportation | |
| Lease | |
| Healthcare/Hospital | |
| Education | |
| IDR/PCR | |
| Special Tax | |
| GO Local | |
| Housing | |
| Pre-Refunded | |
| Water & Sewer | |
| Power | |
| GO State |
The Fund's portfolio is actively managed and is subject to change.
| Maturity | Assets |
|---|---|
| 1-4.99 Years | |
| 5-9.99 Years | |
| 10-19.99 Years | |
| 20-29.99 Years | |
| >30 Years |
The Fund's portfolio is actively managed and is subject to change.
Credit Quality Distribution as of 05/31/2017 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
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Performance
Performance
Dividend Yield 1 as of 06/28/2017
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 2.88% | 2.84% |
| w/ sales charge | 2.81% | 2.77% |
30-Day Standardized Yield 2 as of 05/31/2017
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 2.39% | 2.36% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.86%
Net 0.82%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/02/1991 |
|---|
| w/o sales charge | 3.58% | 0.81% | 3.57% | 3.29% | 3.64% | 5.10% |
| Lipper Category Avg. New Jersey Municipal Debt Funds | 3.00% | 0.69% | 2.85% | 2.59% | 3.64% | - |
| Bloomberg Barclays Municipal Bond Index | 3.94% | 1.46% | 3.49% | 3.31% | 4.58% | - |
| w/ sales charge | 1.27% | -1.53% | 2.80% | 2.84% | 3.40% | 5.01% |
Fund Expense Ratio :
Gross 0.86%
Net 0.82%
Fund Expense Ratio :
Gross 0.86%
Net 0.82%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/02/1991 |
|---|
| w/o sales charge | 1.41% | 0.40% | 3.82% | 3.28% | 3.42% | 5.05% |
| Lipper Category Avg. New Jersey Municipal Debt Funds | 1.08% | 0.01% | 3.13% | 2.67% | 3.42% | - |
| Bloomberg Barclays Municipal Bond Index | 1.58% | 0.15% | 3.55% | 3.24% | 4.33% | - |
| w/ sales charge | -0.85% | -1.76% | 3.04% | 2.82% | 3.18% | 4.96% |
Fund Expense Ratio :
Gross 0.86%
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 of future results.
Best returns
| Durations | Fund Returns | Blended Index |
|---|
| 3-Mo | 9.69 | 8.18 |
| 1-Yr | 22.23 | 12.91 |
Worst returns
| Durations | Fund Returns | Blended Index |
|---|
| 3-Mo | -12.21 | -5.36 |
| 1-Yr | -15.02 | -2.47 |
Best & Worst returns reflect a cumulative return for the three-month and one-year periods.
| Year | Fund Returns | Bloomberg Barclays Municipal Bond Index |
|---|
| 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% | 10.70% |
| 2010 | 1.04% | 2.38% |
| 2009 | 22.23% | 12.91% |
| 2008 | -15.02% | -2.47% |
| 2007 | -0.55% | 3.36% |
| 2006 | 4.11% | - |
| 2005 | 3.65% | - |
| 2004 | 3.77% | - |
| 2003 | 3.35% | - |
| 2002 | 7.62% | - |
| 2001 | 4.74% | - |
| 2000 | 12.49% | - |
| 1999 | -5.63% | - |
| 1998 | 6.50% | - |
| 1997 | 8.92% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2017 | 1.41% | - | - | - | 3.61% |
| 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 05/31/2017
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 | |
| Special Tax | |
| GO Local | |
| Housing | |
| Pre-Refunded | |
| Water & Sewer | |
| Power | |
| GO State |
The Fund's portfolio is actively managed and is subject to change.
| Maturity | Assets |
|---|---|
| 1-4.99 Years | |
| 5-9.99 Years | |
| 10-19.99 Years | |
| 20-29.99 Years | |
| >30 Years |
The Fund's portfolio is actively managed and is subject to change.
Credit Quality Distribution as of 05/31/2017
| 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 05/31/2017
- Total Net Assets
- $97.51 M
- Number of Issues
- 151
- Average Coupon
- 5.1%
- Average Effective Maturity
- 14.3 Years
- Average Effective Duration
- 6.70 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 |
|---|
| NJ Tobacco Settlement Finance Corp | 4.750% | 06/01/2034 | 2.4% |
| New Jersey Transportation Trust Fund | 6.000% | 06/15/2035 | 2.3% |
| Hudson Co Improvement Auth - Solid Waste | 5.750% | 01/01/2035 | 2.1% |
| NJ Health Care Facs - Hsp. Asset Trans Program | 5.750% | 10/01/2031 | 1.8% |
| NJ Eco Dev Auth - Goethals Bridge | 5.375% | 01/01/2043 | 1.7% |
| NJ Eco Dev Auth - Continental Airlines | 5.250% | 09/15/2029 | 1.6% |
| New Jersey State Turnpike Authority | 5.000% | 01/01/2033 | 1.5% |
| Garden State Preservation Trust | 5.750% | 11/01/2028 | 1.5% |
| Port Authority of New York & New Jersey | 5.000% | 12/01/2025 | 1.5% |
| Salem County Pollution Control Fin Auth - Chambers | 5.000% | 12/01/2023 | 1.5% |
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 |
|---|
| NJ Tobacco Settlement Finance Corp | 4.750% | 06/01/2034 | 3.0% |
| NJ Eco Dev Auth - Goethals Bridge | 5.375% | 01/01/2043 | 2.5% |
| New Jersey Transportation Trust Fund | 6.000% | 06/15/2035 | 2.3% |
| Hudson Co Improvement Auth - Solid Waste | 5.750% | 01/01/2035 | 2.1% |
| NJ Health Care Facs - Hsp. Asset Trans Program | 5.750% | 10/01/2031 | 1.8% |
| NJ Eco Dev Auth - Continental Airlines | 5.250% | 09/15/2029 | 1.6% |
| New Jersey State Turnpike Authority | 5.000% | 01/01/2033 | 1.5% |
| Port Authority of New York & New Jersey | 5.000% | 12/01/2025 | 1.5% |
| Garden State Preservation Trust | 5.750% | 11/01/2028 | 1.5% |
| Salem County Pollution Control Fin Auth - Chambers | 5.000% | 12/01/2023 | 1.5% |
| New Jersey Economic Dev Auth - Cigarette Tax | 5.000% | 06/15/2024 | 1.5% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2041 | 1.4% |
| New Jersey Econ Dev Auth | 5.875% | 06/01/2042 | 1.3% |
| Delaware River Port Auth, PA | 5.000% | 01/01/2022 | 1.3% |
| Port Auth of New York & New Jersey | 5.000% | 09/01/2030 | 1.2% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2033 | 1.2% |
| New Jersey Transp Tr Fnd Auth | 5.000% | 06/15/2038 | 1.2% |
| Delaware River & Bay Auth | 5.000% | 01/01/2042 | 1.2% |
| Port Auth of New York & New Jersey | 5.000% | 10/15/2036 | 1.2% |
| New Jersey Hgr Ed Stud Asst Auth | 5.000% | 12/01/2021 | 1.2% |
| New Jersey Transp Tr Fnd Auth | 5.250% | 12/15/2022 | 1.2% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2039 | 1.1% |
| NJ Eco Dev Auth - Cigarette Tax | 5.000% | 06/15/2026 | 1.1% |
| NJ Health Care Facs - Virtua Health | 5.750% | 07/01/2033 | 1.1% |
| New Jersey | 5.250% | 06/15/2029 | 1.1% |
| New Jersey Transp Tr Fnd Auth | 5.000% | 06/15/2022 | 1.1% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2046 | 1.1% |
| New Jersey Transp Tr Fnd Auth | 5.000% | 06/15/2028 | 1.1% |
| New Jersey Econ Dev Auth | 5.000% | 01/01/2035 | 1.1% |
| Union Cnty Util Auth, NJ | 4.750% | 12/01/2031 | 1.1% |
| Port Auth of New York & New Jersey | 5.750% | 11/01/2030 | 1.1% |
| Salem Co Pollution Control - Atlantic City Electric | 4.875% | 06/01/2029 | 1.1% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 10/01/2028 | 1.1% |
| New Jersey Econ Dev Auth | 4.750% | 06/15/2032 | 1.1% |
| New Jersey Turnpike Auth | 5.250% | 01/01/2028 | 1.0% |
| New Jersey Edl Facs Auth | 5.000% | 09/01/2033 | 1.0% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2030 | 1.0% |
| NJ Tobacco Settlement Finance Corp | 4.500% | 06/01/2023 | 1.0% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2043 | 1.0% |
| New Jersey Hgr Ed Stud Asst Auth | 4.125% | 12/01/2024 | 0.9% |
| New Jersey Econ Dev Auth | 5.375% | 11/01/2036 | 0.9% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2025 | 0.9% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2041 | 0.9% |
| New Jersey Hgr Ed Stud Asst Auth | 5.000% | 12/01/2022 | 0.9% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2034 | 0.9% |
| New Jersey Tpk Auth | 5.000% | 01/01/2038 | 0.9% |
| Essex Cnty Imp Auth, NJ | 6.250% | 11/01/2030 | 0.9% |
| New Jersey Econ Dev Auth | 6.500% | 04/01/2028 | 0.8% |
| NJ Tobacco Settlement Fin Corp | 4.625% | 06/01/2026 | 0.8% |
| NJ Health Care Facs - Barnabas Health | 5.000% | 07/01/2023 | 0.8% |
| New Jersey Econ Dev Auth | 5.000% | 03/01/2035 | 0.8% |
| New Jersey Transp Tr Fnd Auth | 0.000% | 12/15/2031 | 0.7% |
| Puerto Rico General Obligation | 5.375% | 07/01/2030 | 0.6% |
| Port Auth of New York & New Jersey | 5.000% | 05/01/2027 | 0.6% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2023 | 0.6% |
| Port Auth of New York & New Jersey | 5.000% | 10/15/2026 | 0.6% |
| Rutgers Univ, NJ | 5.000% | 05/01/2023 | 0.6% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2027 | 0.6% |
| New Jersey Tpk Auth | 5.000% | 01/01/2030 | 0.6% |
| City of Bayonne NJ | 5.000% | 07/15/2023 | 0.6% |
| Rutgers Univ, NJ | 5.000% | 05/01/2034 | 0.6% |
| Port Auth of New York & New Jersey | 5.000% | 11/15/2032 | 0.6% |
| Hudson Cnty Impt Auth, NJ | 5.000% | 05/01/2035 | 0.6% |
| Delaware River Port Auth, PA | 5.000% | 01/01/2028 | 0.6% |
| Port Auth of New York & New Jersey | 5.000% | 10/15/2035 | 0.6% |
| New Jersey Hlthcare Facs Fing Auth | 5.250% | 07/01/2028 | 0.6% |
| New Jersey Tpk Auth | 5.000% | 01/01/2035 | 0.6% |
| Delaware River Port Auth, PA | 5.000% | 01/01/2034 | 0.6% |
| New Jersey Edl Facs Auth | 5.250% | 09/01/2029 | 0.6% |
| New Jersey Tpk Auth | 5.000% | 01/01/2034 | 0.6% |
| Port Auth of New York & New Jersey | 5.000% | 10/15/2041 | 0.6% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2034 | 0.6% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2022 | 0.6% |
| New Jersey Econ Dev Auth | 4.250% | 06/15/2027 | 0.6% |
| South Jersey Transp Auth, NJ | 5.000% | 11/01/2039 | 0.6% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2034 | 0.6% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2038 | 0.6% |
| Casino Reinvestment Dev Auth, NJ | 5.000% | 11/01/2032 | 0.6% |
| Camden Cnty Impt Auth, NJ | 5.000% | 02/15/2030 | 0.6% |
| Camden Cnty Impt Auth, NJ | 5.000% | 02/15/2032 | 0.6% |
| New Jersey Econ Dev Auth | 5.000% | 11/01/2025 | 0.6% |
| Port Auth of New York & New Jersey | 6.000% | 12/01/2042 | 0.5% |
| Camden Cnty Impt Auth, NJ | 5.750% | 02/15/2042 | 0.5% |
| Casino Reinvestment Dev Auth, NJ | 5.250% | 11/01/2039 | 0.5% |
| Passaic Vly Sewerage Comm | 2.500% | 12/01/2032 | 0.5% |
| New Jersey Econ Dev Auth | 5.500% | 12/15/2029 | 0.5% |
| Guam Pwr Auth | 5.000% | 10/01/2034 | 0.5% |
| New Jersey Tpk Auth | 5.000% | 01/01/2031 | 0.4% |
| New Jersey Econ Dev Auth | 5.250% | 09/01/2026 | 0.4% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2024 | 0.4% |
| New Jersey Tpk Auth | 5.000% | 01/01/2023 | 0.4% |
| Rutgers Univ, NJ | 5.000% | 05/01/2031 | 0.4% |
| Essex Cnty Imp Auth, NJ | 5.250% | 07/01/2045 | 0.4% |
| New Jersey | 5.000% | 06/01/2023 | 0.4% |
| Delaware River Port Auth, PA | 5.000% | 01/01/2024 | 0.4% |
| New Jersey Econ Dev Auth | 5.500% | 06/01/2033 | 0.4% |
| New Jersey Edl Facs Auth | 5.500% | 09/01/2033 | 0.4% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2034 | 0.4% |
| New Jersey Econ Dev Auth | 5.000% | 03/01/2026 | 0.4% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2027 | 0.4% |
| New Jersey Econ Dev Auth | 5.000% | 06/15/2025 | 0.4% |
| New Jersey Econ Dev Auth | 5.000% | 06/01/2041 | 0.4% |
| Puerto Rico Sales Tax Fincg Corp | 5.250% | 08/01/2027 | 0.4% |
| Delaware River Jt Toll Br Comm, PA | 5.000% | 07/01/2029 | 0.4% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2024 | 0.4% |
| Puerto Rico Sales Tax Fin Corp | 5.000% | 08/01/2035 | 0.3% |
| New Jersey Econ Dev Auth | 5.500% | 04/01/2028 | 0.3% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2029 | 0.3% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2024 | 0.3% |
| New Jersey Transp Tr Fnd Auth | 0.000% | 12/15/2038 | 0.3% |
| Rutgers Univ, NJ | 5.000% | 05/01/2023 | 0.3% |
| Delaware River Jt Toll Br Comm, PA | 5.000% | 07/01/2030 | 0.3% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2031 | 0.3% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2033 | 0.3% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2034 | 0.3% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2030 | 0.3% |
| Gloucester Cnty Pollution Cntrl Fing Auth | 5.000% | 12/01/2024 | 0.3% |
| New Jersey Econ Dev Auth | 5.250% | 01/01/2044 | 0.3% |
| Puerto Rico Infrastr Fing Auth | 6.500% | 10/01/2037 | 0.3% |
| Puerto Rico Aqueduct & Swr Auth | 5.250% | 07/01/2024 | 0.3% |
| New Jersey Econ Dev Auth | 5.625% | 01/01/2052 | 0.2% |
| New Jersey Econ Dev Auth | 5.000% | 06/15/2034 | 0.2% |
| Port Auth of New York & New Jersey | 6.000% | 12/01/2036 | 0.2% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2036 | 0.2% |
| New Jersey Transp Tr Fnd Auth | 5.250% | 06/15/2041 | 0.2% |
| New Jersey Econ Dev Auth | 5.000% | 03/01/2028 | 0.1% |
| New Jersey Econ Dev Auth | 5.000% | 06/15/2029 | 0.1% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2030 | 0.1% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2031 | 0.1% |
| New Jersey Hlthcare Facs Fing Auth | 5.000% | 07/01/2027 | 0.1% |
| New Jersey Econ Dev Auth | 5.000% | 06/15/2024 | 0.1% |
| New Jersey Econ Dev Auth | 5.000% | 01/01/2028 | 0.1% |
| New Jersey Economic Development Authority | 5.000% | 03/01/2023 | 0.1% |
| Guam Waterworks Auth | 5.000% | 07/01/2036 | 0.1% |
| NJ Tobacco Settlement Fin Corp | 5.000% | 06/01/2041 | 0.1% |
| New Jersey Econ Dev Auth | 5.000% | 01/01/2031 | 0.1% |
| New Jersey Hlthcare Facs Fing Auth | 4.000% | 07/01/2026 | 0.1% |
| Port Auth of New York & New Jersey | 6.000% | 12/01/2042 | 0.1% |
| New Jersey Edl Facs Auth | 5.000% | 07/01/2027 | 0.1% |
| New Jersey Transp Tr Fnd Auth | 5.250% | 06/15/2022 | 0.1% |
| New Jersey Econ Dev Auth | 5.000% | 07/01/2023 | 0.1% |
| Puerto Rico Elec Pwr Auth | 5.000% | 07/01/2037 | 0.1% |
| Puerto Rico Elec Pwr Auth | 7.000% | 07/01/2040 | 0.1% |
| Puerto Rico | 5.625% | 07/01/2032 | 0.1% |
| Puerto Rico Electric Power Authority | 5.750% | 07/01/2036 | 0.1% |
| Middlesex Cnty Impt Auth | 6.250% | 01/01/2037 | 0.1% |
| US 10YR Treasury Future Jun 2017 | 0.000% | - | 0.0% |
| US 20YR Treasury Future Jun 2007 | - | - | 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 06/28/2017
- $0.061
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| Daily | Daily | 05/31/2017 | $0.01182 | $4.94 |
| Daily | Daily | 04/30/2017 | $0.01217 | $4.89 |
| Daily | Daily | 03/31/2017 | $0.01222 | $4.86 |
| Daily | Daily | 02/28/2017 | $0.01288 | $4.86 |
| Daily | Daily | 01/31/2017 | $0.01273 | $4.83 |
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 | 06/30/2017 |
| Daily | Daily | 07/31/2017 |
| Daily | Daily | 08/31/2017 |
| Daily | Daily | 09/30/2017 |
| Daily | Daily | 10/31/2017 |
| Daily | Daily | 11/30/2017 |
| Daily | Daily | 12/31/2017 |
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 |
|---|---|
| 12/19/2017 | 12/20/2017 |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 06/28/2017
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $5.04 |
| $100,000 to $249,999 | 1.75% | 1.50% | $5.02 |
| $250,000 to $499,999 | 1.25% | 1.00% | $4.99 |
| $500,000 to $999,999 | 0.00% | 1.00% | $4.93 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $4.93 |
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) 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.
Expense Ratioas of 05/31/2017
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 01/31/2019. 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
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Summary Prospectus
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Statutory Prospectus
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Prospectus (XBRL)
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Commentary
Publish Date:11/03/2015
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