LONJX

About LONJX

Lord Abbett New Jersey Tax Free Fund Class F3 is an open-end municipal bond mutual fund designed to provide investors with tax-exempt income. Its primary objective is to maximize interest income that is exempt from both federal and New Jersey state personal income tax. The fund accomplishes this by investing at least 80% of its net assets in municipal bonds issued by governmental entities within New Jersey. This focus makes it especially relevant for residents seeking to reduce their state and federal tax liabilities on investment income. The fund typically maintains a diversified portfolio of New Jersey municipal securities, balancing credit quality with income generation. It pays dividends on a monthly basis and is overseen by an experienced management team. With total net assets in the range of approximately $156 million, the fund plays a targeted role for those looking to capture tax-advantaged income within the New Jersey municipal market. The Class F3 share class is often chosen in fee-based advisory programs and may benefit from lower expense ratios compared to other classes, supporting efficient after-tax income strategies for qualified investors.