Fund Evaluator:
Lord Abbett New Jersey Tax Free A (LANJX)
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Best Performing in Muni New Jersey Over the Last Year
| 6.9% | Invesco New Jersey Municipal Y (ONJYX) |
| 6.7% | Vanguard NJ Long-Term Tax-Exempt Adm (VNJUX) |
| 6.6% | Vanguard NJ Long-Term Tax-Exempt Inv (VNJTX) |
| 6.5% | T. Rowe Price New Jersey Municipal Bond (NJTFX) |
| 4.8% | Fidelity New Jersey Municipal Income (FNJHX) |
Fund Details
Lord Abbett New Jersey Tax Free A Overview
Lord Abbett New Jersey Tax Free A (LANJX) is an actively managed Municipal Bond Muni New Jersey fund. Lord Abbett launched the fund in 1991.
The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. In pursuing its investment objective, the fund uses the volatility of the Bloomberg Municipal Bond Index as an approximation of reasonable risk. Under normal conditions, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal bonds that pay interest exempt from federal income tax and New Jersey personal income tax. The fund is non-diversified.
About Lord Abbett New Jersey Tax Free A (LANJX)
There are 2 members of the management team with an average tenure of 17.76 years: Philip Herman (2010), Daniel Solender (2006). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg Municipal TR USD index with a weighting of 100%. Lord Abbett New Jersey Tax Free A has 205 securities in its portfolio. The top 10 holdings constitute 17.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Lord Abbett New Jersey Tax Free A is part of the Fixed Income global asset class and is within the Municipal Bond fund group. Lord Abbett New Jersey Tax Free A has 4.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 100.0% (95.8% domestic bond, 4.2% foreign bond and 0.0% convertible bond). Lord Abbett New Jersey Tax Free A has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $125 million in total assets, which is below the $176 million average for the Muni New Jersey category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LANJX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Lord Abbett New Jersey Tax Free A expense ratio is high compared to funds in the Muni New Jersey category. Lord Abbett New Jersey Tax Free A has an expense ratio of 0.82%, which is 4% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Lord Abbett New Jersey Tax Free A has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 26% for the Muni New Jersey category.
Recently, in the month of July 2026, Lord Abbett New Jersey Tax Free A returned -1.8%, which earned it a grade of C, as the Muni New Jersey category had an average return of -1.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Lord Abbett New Jersey Tax Free A has a trailing yield of 3.29%, which is above the 3.26% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Lord Abbett New Jersey Tax Free A Grades
Year to date, the fund has returned 1.1%, 0.4 percentage points better than the category, which translates into a grade of A. The fund has returned 6.5% over the past year (grade of B), 3.0% over the past three years (grade of D) and -0.1% per year over the past five years (grade of F) and 1.9% per year over the past 10 years (grade of C).
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LANJX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LANJX Return (NAV) | -1.8% | -0.5% | 6.5% | 3.0% | -0.1% | 1.9% |
| LANJX Grade | C | B | B | D | F | C |
| +/- Category | 0.0% | 0.1% | 0.6% | -0.1% | -0.4% | 0.0% |
| Muni New Jersey Avg | -1.8% | -0.6% | 5.9% | 3.0% | 0.3% | 1.9% |
| LANJX Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | 0.0% |
LANJX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LANJX Return (NAV) | 1.1% | 2.8% | 1.8% | 7.7% | -12.4% | 3.3% | 4.6% | 8.3% | 1.8% | 6.1% | 1.0% |
| LANJX Grade | A | F | D | A | F | B | B | B | B | B | B |
| +/- Category | 0.4% | -0.6% | -0.1% | 1.0% | -2.4% | 0.7% | 0.2% | 0.7% | -0.7% | 1.7% | 0.3% |
| Muni New Jersey Avg | 0.6% | 3.4% | 1.9% | 6.7% | -10.1% | 2.6% | 4.4% | 7.6% | 2.5% | 4.3% | 0.8% |
| Risk Measures | |
| Standard Deviation: | 6.3% |
| Total Risk Index: | 0.51 - Below Average |
| Category Risk Index: | 1.08 - High |
| Category Risk Grade: | F (90% Rank) |
| Beta: | 1.08 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Extensive Sensitivity |
| Yield: | 3.3% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $177 Mil |
| Fund Total Assets: | $ 126 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 27% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 19.9 years | |||
| Average Tenure: 17.8 years | |||
| Managers (Year): Solender Daniel (2006), Herman Philip (2010) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 205 |
| % in Top 10 Holdings: | 17.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 95.8% |
| Foreign Bond: | 4.2% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Lord Abbett |
| Phone Number: | 888-522-2388 |
| Website: | www.lordabbett.com |
| Status: | Open |
| Inception Date: | January 2, 1991 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 2.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.20% |
Expenses and Fees | |
| Expense Ratio (%): | 0.82% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.79% |
| Share Class: | Lord Abbett New Jersey Tax Free A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
