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Lord Abbett New Jersey Tax-Free F (LNJFX) Fund Ranking and Research

Ranking, Research and Recommendation of Lord Abbett New Jersey Tax-Free F (LNJFX) Fund

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Graph of Lord Abbett New Jersey Tax-Free F Fund (LNJFX) ManagerFund Manager - Daniel S. Solender

Fund Manager Information

Fund Manager Tenure: 13.2 years
Fund Family: Lord Abbett
Fund Category: Muni New Jersey
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.57)     (What does this score mean?)
Mr. Solender is the lead portfolio manager of the municipal bond capabilities. Mr. Solender joined Lord Abbett in 2006 and was named Partner in 2008. His prior experience includes: Vice President and Portfolio Manager at Nuveen Investments; Principal and Portfolio Manager at Vanguard Group; Assistant Vice President and Portfolio Manager at Nuveen Advisory Corp.; Financial Analyst/Assistant Manager, Research and Product Development at Citibank. Mr. Solender received a BA from Columbia University and an MBA from the University of Chicago. He is the holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.  Get more insights on Daniel S. Solender

 

Graph of Lord Abbett New Jersey Tax-Free F Fund (LNJFX) ProfileLord Abbett New Jersey Tax-Free F Fund (LNJFX) Profile

Fund Profile and Description

Lord Abbett New Jersey Tax-Free F Fund seeks current income exempt from federal and New Jersey income taxes. Lord Abbett New Jersey Tax-Free F Fund normally invests at least 80% of net asset in municipal bonds, the interest on which is exempt from federal and New Jersey's personal income tax. It may invest up to 20% of net assets in municipal bonds rated below investment grade. It may also invest up to 20% of net assets in other fixed income securities with interest subject to federal and New Jersey's personal income tax. It may maintain the average weighted maturity between 10 and 25 years. It is non-diversified.

 

Lord Abbett New Jersey Tax-Free F (LNJFX) Fund Strength What we like about Lord Abbett New Jersey Tax-Free F (LNJFX) Fund

Data for Lord Abbett New Jersey Tax-Free F Fund (LNJFX) as of May 30, 2016

  • Lord Abbett New Jersey Tax-Free F Fund (LNJFX) management has been with Lord Abbett New Jersey Tax-Free F Fund for 13.2 years
  • Lord Abbett New Jersey Tax-Free F Fund (LNJFX) has good short-term performance (1-year return 6.87% vs 5.85% Muni New Jersey category median performance)
  • Lord Abbett New Jersey Tax-Free F Fund (LNJFX) has good mid-term performance (3-year return 3.81% vs 3.26% Muni New Jersey category median performance)
  • Lord Abbett New Jersey Tax-Free F Fund (LNJFX) has good Long-term performance (5-year return 5.85% vs 5.02% Muni New Jersey category median performance)
  • Lord Abbett New Jersey Tax-Free F Fund (LNJFX) ratio of up-years vs down years is greater than 2
  • Lord Abbett New Jersey Tax-Free F Fund (LNJFX) has a Morningstar rating of 4 and above
  • Asset base in Lord Abbett New Jersey Tax-Free F Fund (LNJFX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Lord Abbett New Jersey Tax-Free F Fund (LNJFX) has a lower expense ratio than its Muni New Jersey average: 0.76% vs 0.85%

Lord Abbett New Jersey Tax-Free F Fund (LNJFX) Weakness What we are cautious about Lord Abbett New Jersey Tax-Free F (LNJFX) Fund

Data for Lord Abbett New Jersey Tax-Free F Fund (LNJFX) as of May 30, 2016

  • Lord Abbett New Jersey Tax-Free F Fund (LNJFX) is less safe compared to its Muni New Jersey peers
  • Lord Abbett New Jersey Tax-Free F Fund (LNJFX) has an annual stock turnover rate of 16.50% that is higher than the Muni New Jersey average of 12.84%. This could mean Lord Abbett New Jersey Tax-Free F is more nimble, but also signal potential high tax impact and high trading fees
  • Lord Abbett New Jersey Tax-Free F Fund (LNJFX) is more volatile than its peers as it has a 3-year Standard Deviation of 4.86 that is higher than category average of 4.26
  • Even though Lord Abbett New Jersey Tax-Free F Fund carries no load, it does have a 0.10% of 12b1 promotion, distributions, marketing expenses
See Lord Abbett New Jersey Tax-Free F Fund (LNJFX) performance details as of May 30, 2016

 

What do you think?

 

Compare Lord Abbett New Jersey Tax-Free F Fund (LNJFX)Compare with other top Muni New Jersey category mutual funds

Aadditional top Muni New Jersey mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Lord Abbett New Jersey Tax-Free F3.666.873.815.85
Nuveen NJ Municipal Bond A (NNJAX)3.717.274.386.06Compare

See top fund managers for Muni New Jersey Category Funds

 

Graph of Lord Abbett New Jersey Tax-Free F Fund (LNJFX) Net Asset TrackingLord Abbett New Jersey Tax-Free F (LNJFX) Fund Net Asset

Track net asset change of Lord Abbett New Jersey Tax-Free F fund (LNJFX)

DateNet Asset
05/2016$102.01M
03/2016$99.13M
02/2016$97.26M
More historic net asset information on Lord Abbett New Jersey Tax-Free F Fund (LNJFX)

  

Graph of Lord Abbett New Jersey Tax-Free F Fund (LNJFX) Portfolio TrackingLord Abbett New Jersey Tax-Free F (LNJFX) Fund Portfolio Allocation

Track portfolio allocation change of Lord Abbett New Jersey Tax-Free F fund (LNJFX)

DateCashStockBondOther
03/20161.27%0%98.04%0.69%
12/20151.85%0%97.44%0.71%
09/20151.23%0%98.08%0.69%
Click here to see more historic asset allocation information on Lord Abbett New Jersey Tax-Free F Fund (LNJFX)

 

graph of Lord Abbett New Jersey Tax-Free F Fund (LNJFX) Top 10 Position TrackingTop 10 Holdings in Lord Abbett New Jersey Tax-Free F (LNJFX) Fund

Discover what Lord Abbett New Jersey Tax-Free F Fund (LNJFX) manager is buying

Mar 30, 2016
Tobacco Settlement Fing Corp N Ass 4.75% [3.16%]
New Jersey St Transn Tr Fd Aut Transp 6% [2.34%]
New Jersey Econ Dev Auth 5.375% [2.32%]
New Jersey Health Care Facs Fi Rev 5.75% [2.29%]
Hudson Cnty N J Impt Auth 5.75% [2.17%]
New Jersey Health Care Facs Fi Sta 5.75% [1.82%]
New Jersey Econ Dev Auth 5% [1.66%]
Garden St N J Preservation Tr Open 5.75% [1.55%]
New Jersey St Tpk Auth 5% [1.52%]
New Jersey Health Care Facs Fi State 5% [1.45%]

Dec 30, 2015
Tobacco Settlement Fing Corp N Ass 4.75% [2.96%]
New Jersey St Transn Tr Fd Aut Transp 6% [2.45%]
New Jersey Health Care Facs Fi Rev 5.75% [2.41%]
New Jersey Econ Dev Auth 5.375% [2.4%]
Hudson Cnty N J Impt Auth 5.75% [2.27%]
New Jersey Health Care Facs Fi Sta 5.75% [1.91%]
New Jersey Econ Dev Auth 5% [1.74%]
New Jersey St Tpk Auth 5% [1.58%]
Garden St N J Preservation Tr Open 5.75% [1.58%]
New Jersey Health Care Facs Fi State 5% [1.52%]

Sep 29, 2015
Tobacco Settlement Fing Corp N Ass 4.75% [2.75%]
New Jersey Health Care Facs Fi Rev 5.75% [2.37%]
New Jersey St Transn Tr Fd Aut Transp 6% [2.33%]
New Jersey Econ Dev Auth 5.375% [2.29%]
Hudson Cnty N J Impt Auth 5.75% [2.22%]
New Jersey Health Care Facs Fi Sta 5.75% [1.87%]
New Jersey Econ Dev Auth 5% [1.68%]
Garden St N J Preservation Tr Open 5.75% [1.56%]
New Jersey St Tpk Auth 5% [1.52%]
New Jersey Health Care Facs Fi State 5% [1.49%]
Click here for Stock Holding Change Map in Lord Abbett New Jersey Tax-Free F Fund (LNJFX)

  

Latest News on Lord Abbett New Jersey Tax-Free F (LNJFX) Fund

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Lord Abbett New Jersey Tax-Free F Fund (LNJFX) Related ResourcesSee more information on Lord Abbett New Jersey Tax-Free F (LNJFX) Fund

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