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Morningstar

Lord Abbett New Jersey Tax Free I LINJX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 4.62  /  0.18 %
  • Total Assets 102.0 Mil
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.620%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.94%
  • Effective Duration 7.20 years

USD | NAV as of May 26, 2023 | 1-Day Return as of May 26, 2023, 10:18 PM GMT+0

Morningstar’s Analysis LINJX

Will LINJX outperform in future?

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

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LINJX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LINJX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of LINJX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Lord Abbett New Jersey Tax Free I's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral. The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LINJX

More LINJX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 0
  • Bond Holdings 176
  • Other Holdings 1
  • % Assets in Top 10 Holdings 15.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

TOBACCO SETTLEMENT FING CORP N J 5%

2.32
2,359,870
municipal

NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5.25%

1.65
1,678,161
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.38%

1.64
1,668,668
municipal

NEW JERSEY INFRASTRUCTURE BK 4%

1.47
1,493,884
municipal

NEW JERSEY ECONOMIC DEV AUTH NAT GAS FACS REV 3.5%

1.45
1,473,903
municipal

NEW JERSEY ST TRANSN TR FD AUTH 0%

1.44
1,466,599
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

1.37
1,395,950
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

1.32
1,343,775
municipal

GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 5.75%

1.31
1,334,238
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 4%

1.27
1,292,070
municipal