Lord Abbett New Jersey Tax Free F3 (LONJX)
| Fund Assets | 179.77M |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.16 |
| Dividend Yield | 3.44% |
| Dividend Growth | 4.33% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 4.770 |
| YTD Return | 2.39% |
| 1-Year Return | 7.61% |
| 5-Year Return | 1.87% |
| 52-Week Low | 4.500 |
| 52-Week High | 4.790 |
| Beta (5Y) | 0.32 |
| Holdings | 200 |
| Inception Date | n/a |
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.
Performance
LONJX had a total return of 7.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.52%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.01375 | Jun 30, 2026 |
| May 29, 2026 | $0.01359 | May 29, 2026 |
| Apr 30, 2026 | $0.01371 | Apr 30, 2026 |
| Mar 31, 2026 | $0.01369 | Mar 31, 2026 |
| Feb 27, 2026 | $0.01391 | Feb 27, 2026 |
| Jan 30, 2026 | $0.01374 | Jan 30, 2026 |