The AB Municipal Income Fund II - New Jersey Portfolio - Class A (ANJAX) is a mutual fund that primarily invests in municipal bonds issued by the state of New Jersey. These bonds are typically issued by local governments and are used to fund public projects such as schools, roads, and utilities. This fund aims to provide investors with a steady stream of tax-free income while also preserving the capital invested. It is managed by AB, a global investment management firm, and is suitable for investors seeking tax-exempt income from a specific geographic region.