Mutual Fund Insights: Lord Abbett NJ Tax-Free Income F Fund (LNJFX)

In-depth Analysis of Lord Abbett NJ Tax-Free Income F Fund (LNJFX)

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See Lord Abbett NJ Tax-Free Income F Fund (LNJFX) performance details as of January 31, 2010

  

Last Trade: $4.74 on 3/17/2010, Change: 0.00 (0%)

  

Fund Manager - Daniel S. Solender

Fund Manager Tenure: 3.1 years
Fundmojo Fund Grade: C (Score: 0.56)     (What does this score mean?)

Solender is director of municipal bond management of Lord Abbett, his employer since 2006. Previously, he served as a vice president and portfolio manager at Nuveen Investments from 1991 to 1999 and 2003 to 2006. He served as principal and portfolio manager at Vanguard Group from 1999 to 2003. Solender has been in the investment business since 1987. Solender holds the Chartered Financial Analyst designation.  Get more insights on Daniel S. Solender

  

 What we like about Lord Abbett NJ Tax-Free Income F Fund (LNJFX)

Data for Lord Abbett NJ Tax-Free Income F Fund (LNJFX) as of January 31, 2010

• Lord Abbett NJ Tax-Free Income F Fund (LNJFX) management has been with Lord Abbett NJ Tax-Free Income F Fund for 3.1 years
• Lord Abbett NJ Tax-Free Income F Fund (LNJFX) has good short-term performance (1-year return 16.03% vs 12.62% Muni New Jersey category average)
• Lord Abbett NJ Tax-Free Income F Fund (LNJFX) has an annual stock turnover rate of 20.68% vs Muni New Jersey average of 21.12%. It is good that Lord Abbett NJ Tax-Free Income F management does not trade extensively for its return.
• Lord Abbett NJ Tax-Free Income F Fund (LNJFX) has a lower management fee than its Muni New Jersey average: 0.71% vs 1.02%

  

 What we are cautious about Lord Abbett NJ Tax-Free Income F Fund (LNJFX)

Data for Lord Abbett NJ Tax-Free Income F Fund (LNJFX) as of January 31, 2010

• Lord Abbett NJ Tax-Free Income F Fund is a focused fund with 30.29% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Lord Abbett NJ Tax-Free Income F Fund (LNJFX) has a less-than-ideal mid-term performance (3-year return 1.35% vs 2.92% Muni New Jersey category average)
• Lord Abbett NJ Tax-Free Income F Fund (LNJFX) has a less-than-ideal Long-term performance (5-year return 2.03% vs 3.24% Muni New Jersey category average)
• Lord Abbett NJ Tax-Free Income F Fund (LNJFX) ratio of up-years vs down years can be improved
• Lord Abbett NJ Tax-Free Income F Fund (LNJFX) has a Morningstar rating of 3 and below
• Lord Abbett NJ Tax-Free Income F Fund (LNJFX) is less safe compared to its Muni New Jersey peers
• Lord Abbett NJ Tax-Free Income F Fund (LNJFX) does not have a good risk adjusted return as its 3-year Alpha of -3.74 is worse than category average of -1.88, and its 3-year Sharpe ratio is -0.03
• Lord Abbett NJ Tax-Free Income F Fund (LNJFX) is more volatile than its peers as it has a 3-year Standard Deviation of 8.65 that is higher than category average of 7.29
• Even though Lord Abbett NJ Tax-Free Income F Fund carries no load, it does have a 0.10% of 12b1 promotion, distributions, marketing expenses

See Lord Abbett NJ Tax-Free Income F Fund (LNJFX) performance details as of January 31, 2010

  

  

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Lord Abbett NJ Tax-Free Income F Fund (LNJFX) Net Asset

Track net asset change of Lord Abbett NJ Tax-Free Income F fund (LNJFX)

Date	Net Asset
01/2010	$760.00K
11/2009	$740.00K
10/2009	$910.00K

More historic net asset information on Lord Abbett NJ Tax-Free Income F Fund (LNJFX)

  

Lord Abbett NJ Tax-Free Income F Fund (LNJFX) Portfolio Allocation

Track portfolio allocation change of Lord Abbett NJ Tax-Free Income F fund (LNJFX)

Date	Cash	Stock	Bond	Other
09/2009	2.59%	0%	97.41%	0%
06/2009	2.55%	0%	97.45%	0%
04/2009	0.67%	0%	99.34%	0%

Click here to see more historic asset allocation information on Lord Abbett NJ Tax-Free Income F Fund (LNJFX)

  

Most Recent Top 10 Holdings in Lord Abbett NJ Tax-Free Income F Fund (LNJFX)

Discover what Lord Abbett NJ Tax-Free Income F Fund (LNJFX) manager is buying

30-Sep-09 New Jersey St Transn Tr Fd Aut Tra 5.25% [4.36%] Port Auth 5% [4.29%] NEW JERSEY HEALTH CARE FACS FI STATE CON [4.17%] New Jersey Econ Dev Auth 5.375% [3.51%] New Jersey Environmental Infra Env In 5% [2.82%] New Jersey St Edl Facs Auth 5% [2.58%] New Jersey Health Care Facs Fi Rev 5.75% [2.46%] Gloucester Cnty N J Impt Auth 5% [2.17%] New Jersey St Edl Facs Auth 5% [2.16%] Hudson Cnty N J Impt Auth 5.125% [2.14%]

30-Jun-09 New Jersey St Transn Tr Fd Aut Tra 5.25% [4.36%] Port Auth 5% [4.29%] NEW JERSEY HEALTH CARE FACS FI STATE CON [4.17%] New Jersey Econ Dev Auth 5.375% [3.51%] New Jersey Environmental Infra Env In 5% [2.82%] New Jersey St Edl Facs Auth 5% [2.58%] New Jersey Health Care Facs Fi Rev 5.75% [2.46%] Gloucester Cnty N J Impt Auth 5% [2.17%] New Jersey St Edl Facs Auth 5% [2.16%] Hudson Cnty N J Impt Auth 5.125% [2.14%]

30-Apr-09 New Jersey St Transn Tr Fd Aut Tra 5.25% [4.58%] Port Auth 5% [4.38%] New Jersey St Edl Facs Auth 5% [4.31%] NEW JERSEY HEALTH CARE FACS FI STATE CON [4.22%] New Jersey Econ Dev Auth 5.375% [3.41%] New Jersey Environmental Infra Env In 5% [2.94%] New Jersey St Edl Facs Auth 5% [2.63%] New Jersey Health Care Facs Fi Rev 5.75% [2.48%] New Jersey St Edl Facs Auth 5% [2.23%] Gloucester Cnty N J Impt Auth 5% [2.21%]

Click here for Stock Holding Change Map in Lord Abbett NJ Tax-Free Income F Fund (LNJFX)

  

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See more information on Lord Abbett NJ Tax-Free Income F Fund (LNJFX)

• Lord Abbett NJ Tax-Free Income F Fund Insights
• Lord Abbett NJ Tax-Free Income F Fund Performance Data
• Lord Abbett NJ Tax-Free Income F Fund News
• Lord Abbett NJ Tax-Free Income F Fund Score Explaination
• Lord Abbett NJ Tax-Free Income F Fund Manager Information
• Historic Lord Abbett NJ Tax-Free Income F Fund Asset Allocation Report
• Historic Lord Abbett NJ Tax-Free Income F Fund Top 10 Holding Tracking
• Historic Lord Abbett NJ Tax-Free Income F Fund Asset Under Management Tracking