Lord Abbett New Jersey Tax Free Fund (LANJX)
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.
Fund Info
US5439024077
543902407
Jan 1, 1991
$1,000
Expense Ratio
LANJX features an expense ratio of 0.82%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lord Abbett New Jersey Tax Free Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Lord Abbett New Jersey Tax Free Fund had a return of 0.04% year-to-date (YTD) and 2.43% in the last 12 months. Over the past 10 years, Lord Abbett New Jersey Tax Free Fund had an annualized return of 2.31%, while the S&P 500 had an annualized return of 11.29%, indicating that Lord Abbett New Jersey Tax Free Fund did not perform as well as the benchmark.
LANJX
0.04%
0.68%
0.24%
2.43%
0.40%
2.31%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of LANJX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.04% | 0.04% | |||||||||||
| 2024 | 0.08% | 0.04% | -0.21% | -0.97% | 0.04% | 1.28% | 1.15% | 0.21% | 1.55% | -1.41% | 1.73% | -1.41% | 2.03% |
| 2023 | 4.20% | -2.69% | 2.19% | 0.21% | -0.59% | 1.12% | 0.23% | -1.23% | -3.46% | -1.49% | 6.90% | 2.57% | 7.75% |
| 2022 | -2.98% | -0.77% | -3.30% | -4.02% | 1.26% | -2.70% | 3.00% | -2.70% | -4.91% | -1.56% | 6.48% | -0.39% | -12.41% |
| 2021 | 1.13% | -2.05% | 1.15% | 1.13% | 0.56% | 0.72% | 0.74% | -0.20% | -0.74% | -0.39% | 1.12% | 0.35% | 3.53% |
| 2020 | 2.13% | 1.72% | -6.49% | -2.77% | 3.10% | 2.42% | 2.17% | -0.19% | -0.19% | -0.19% | 2.13% | 1.14% | 4.66% |
| 2019 | 0.63% | 0.67% | 1.83% | 0.42% | 1.80% | 0.41% | 0.80% | 1.76% | -0.74% | 0.02% | 0.21% | 0.21% | 8.28% |
| 2018 | -1.18% | -0.57% | 0.84% | -0.18% | 1.04% | 0.43% | 0.43% | 0.43% | -0.58% | -1.00% | 1.05% | 1.04% | 1.72% |
| 2017 | 0.27% | 0.89% | 0.25% | 0.86% | 1.27% | -0.16% | 0.63% | 1.42% | -0.60% | 0.02% | -0.18% | 1.24% | 6.05% |
| 2016 | 1.30% | 0.08% | 0.66% | 1.06% | 0.66% | 2.04% | -0.14% | 0.43% | -0.16% | -1.13% | -4.33% | 0.67% | 1.01% |
| 2015 | 2.09% | -1.50% | 0.28% | -0.72% | -0.73% | -0.74% | 0.29% | -0.12% | 1.12% | 0.68% | 0.49% | 1.11% | 2.22% |
| 2014 | 2.93% | 1.59% | 0.29% | 1.34% | 1.53% | -0.12% | 0.08% | 1.52% | 0.49% | 0.89% | 0.06% | 0.89% | 12.06% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LANJX is 21, meaning it’s performing worse than 79% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett New Jersey Tax Free Fund (LANJX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett New Jersey Tax Free Fund provided a 3.04% dividend yield over the last twelve months, with an annual payout of $0.14 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.13 | $0.13 | $0.14 | $0.15 | $0.17 | $0.17 |
Dividend yield | 3.04% | 3.04% | 2.89% | 2.97% | 2.33% | 2.39% | 2.58% | 2.70% | 2.77% | 3.17% | 3.39% | 3.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett New Jersey Tax Free Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.01 | $0.00 | $0.01 | ||||||||||
| 2024 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.14 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.13 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
| 2014 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett New Jersey Tax Free Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lord Abbett New Jersey Tax Free Fund was 20.06%, occurring on Dec 16, 2008. Recovery took 177 trading sessions.
The current Lord Abbett New Jersey Tax Free Fund drawdown is 3.70%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.06% | Jan 24, 2008 | 227 | Dec 16, 2008 | 177 | Aug 31, 2009 | 404 |
| -18.04% | Aug 10, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -14.13% | Mar 2, 2020 | 15 | Mar 20, 2020 | 182 | Dec 8, 2020 | 197 |
| -12.94% | Oct 19, 1993 | 285 | Nov 21, 1994 | 122 | May 10, 1995 | 407 |
| -10.67% | May 3, 2013 | 87 | Sep 5, 2013 | 238 | Aug 15, 2014 | 325 |
Volatility
Volatility Chart
The current Lord Abbett New Jersey Tax Free Fund volatility is 1.13%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.