LANJX

About LANJX

Lord Abbett New Jersey Tax Free Fund Class A is a municipal bond mutual fund designed to provide investors with the maximum amount of interest income exempt from federal and New Jersey state income taxes, while maintaining reasonable risk exposure. The fund primarily invests in investment-grade municipal bonds issued by entities within New Jersey, such as educational and healthcare authorities, focusing on high credit quality securities rated BBB/Baa or higher at the time of purchase. With a portfolio comprising nearly 200 holdings and an average effective maturity of approximately 18.6 years, it offers a relatively long-term income profile. The fund is structured to distribute income monthly, making it particularly relevant for investors seeking regular, tax-advantaged cash flow. As of June 2025, the fund manages over $150 million in assets and maintains a competitive net expense ratio of 0.82%. By specializing in New Jersey municipal debt, the fund plays a key role in supporting local infrastructure and public projects while serving individuals aiming to enhance tax efficiency in their fixed income allocations.