Lord Abbett New York Tax Free A (LANYX)
| Fund Assets | 566.93M |
| Expense Ratio | 0.78% |
| Min. Investment | $1,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.34% |
| Dividend Growth | 7.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.40 |
| YTD Return | -1.72% |
| 1-Year Return | -2.24% |
| 5-Year Return | -0.66% |
| 52-Week Low | 10.01 |
| 52-Week High | 10.88 |
| Beta (5Y) | 0.33 |
| Holdings | 294 |
| Inception Date | Apr 2, 1984 |
About LANYX
Lord Abbett New York Tax Free Fund Class A is an open-end mutual fund focused on delivering income that is exempt from federal, New York State, and New York City personal income taxes. Its primary purpose is to invest at least 80% of its net assets in municipal bonds that pay interest free from these specific taxes, making it an appealing option for residents seeking tax-efficient income. The fund predominantly holds long-term debt securities issued by or on behalf of governmental entities associated with New York, though it may also include qualifying bonds from outside the state when they meet tax-exemption standards. Key characteristics include an average effective maturity of around 21.6 years and a portfolio duration of about 8.1 years, indicating a focus on long-dated municipal obligations. With over 295 holdings and a relatively modest expense ratio, the fund’s investment approach balances the pursuit of high tax-exempt income with risk management tied to municipal bond market conditions. It also features monthly dividend distributions and a minimum initial investment suitable for individual investors. This fund serves an important role in helping New York-based investors manage tax liabilities while seeking stable income from the municipal bond sector.
Performance
LANYX had a total return of -2.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.00%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
15.30% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE - New York Transportation Development Corp | NY.NYTTRN 5.5 12.31.2060 | 2.59% |
| NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE - New York Transportation Development Corp | NY.NYTTRN 5.25 01.01.2050 | 2.35% |
| NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE - New York Transportation Development Corp | NY.NYTTRN 6 06.30.2054 | 1.78% |
| NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE - New York Liberty Development Corp | NY.NYCDEV 5 11.15.2044 | 1.46% |
| LIBERTY DEV CORP NY REVENUE - New York Liberty Development Corp | NY.LBTDEV 5.25 10.01.2035 | 1.40% |
| NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE - New York Transportation Development Corp | NY.NYTTRN 5.5 06.30.2060 | 1.27% |
| NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE - New York Transportation Development Corp | NY.NYTTRN 5.38 06.30.2060 | 1.18% |
| NEW YORK ST CONVENTION CENTER DEV CORP REVENUE - New York Convention Center Development Corp | NY.NYSDEV 5 11.15.2040 | 1.14% |
| NEW YORK NY CITY TRANSITIONAL FIN AUTH REV - New York City Transitional Finance Authority | NY.NYCGEN 5.25 05.01.2051 | 1.11% |
| NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE - New York City Municipal Water Finance Authority | NY.NYCUTL 5.25 06.15.2053 | 1.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0308 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0305 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03036 | Jun 30, 2025 |
| May 30, 2025 | $0.02985 | May 30, 2025 |
| Apr 30, 2025 | $0.02991 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02944 | Mar 31, 2025 |