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Morningstar

Lord Abbett New Jersey Tax Free F LNJFX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 4.55  /  0.86 %
  • Total Assets 103.0 Mil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.99%
  • Effective Duration 6.96 years

USD | NAV as of Sep 21, 2023 | 1-Day Return as of Sep 21, 2023, 10:29 PM GMT+0

Morningstar’s Analysis LNJFX

Will LNJFX 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 LNJFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LNJFX 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 LNJFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LNJFX

More LNJFX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 172
  • Other Holdings 1
  • % Assets in Top 10 Holdings 15.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

TOBACCO SETTLEMENT FING CORP N J 5%

2.11
2,190,760
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

1.90
1,974,582
municipal

NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5.25%

1.62
1,678,674
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.38%

1.60
1,663,982
municipal

MIDDLESEX CNTY N J IMPT AUTH LEASE REV 5%

1.44
1,489,111
municipal

NEW JERSEY ST TRANSN TR FD AUTH 0%

1.41
1,457,269
municipal

NEW JERSEY ECONOMIC DEV AUTH NAT GAS FACS REV 3.5%

1.40
1,455,940
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

1.34
1,392,493
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 4%

1.29
1,338,498
municipal

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

1.25
1,301,190
municipal