LINJX

About LINJX

Lord Abbett New Jersey Tax Free Fund Class I is a municipal bond mutual fund focused on delivering federally and New Jersey state tax-exempt income to investors. The fund primarily invests in a diversified portfolio of New Jersey municipal securities, targeting bonds whose interest payments are exempt from both federal income tax and New Jersey personal income tax, making it especially suitable for investors seeking tax-advantaged income within the state. Geared toward institutional or high-net-worth investors, this share class typically requires a substantial minimum initial investment. The fund's portfolio spans various sectors within New Jersey, supporting state and municipal infrastructure, education, and public services. In the broader financial market, the fund serves a key role for those pursuing tax efficiency and capital preservation, particularly for residents or entities with New Jersey tax liabilities. Its management emphasizes reasonable risk while seeking maximum tax-free income, and it is subject to risks associated with the credit quality and economic conditions of New Jersey municipal issuers.