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Lord Abbett New Jersey Tax Free A LANJX

Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 4.76  /  +0.24 %
  • Total Assets 119.7 Mil
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.820%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.89%
  • Effective Duration 6.85 years

USD | NAV as of Feb 23, 2024 | 1-Day Return as of Feb 23, 2024, 11:14 PM GMT+0

Morningstar’s Analysis LANJX

Will LANJX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Lord Abbett New Jersey Tax Free A's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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Portfolio Holdings LANJX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 15.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

TOBACCO SETTLEMENT FING CORP N J 5%

1.94 2.2 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5.25%

1.94 2.2 Mil
municipal

MIDDLESEX CNTY N J IMPT AUTH LEASE REV 5%

1.89 2.2 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

1.73 2.0 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5.25%

1.47 1.7 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.38%

1.45 1.7 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH NAT GAS FACS REV 3.5%

1.35 1.5 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH 0%

1.34 1.5 Mil
municipal

PORT AUTH N Y & N J 5.25%

1.30 1.5 Mil
municipal

NEW JERSEY ST TPK AUTH TPK REV 5%

1.22 1.4 Mil
municipal