Lord Abbett New York Tax Free Fund Class A (LANYX)
| Fund Assets | 604.78M |
| Expense Ratio | 0.81% |
| Min. Investment | $1,000 |
| Turnover | 29.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.49% |
| Dividend Growth | 8.12% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.62 |
| YTD Return | 3.12% |
| 1-Year Return | 7.63% |
| 5-Year Return | 0.02% |
| 52-Week Low | 10.04 |
| 52-Week High | 10.64 |
| Beta (5Y) | 0.33 |
| Holdings | 283 |
| 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 7.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.11%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FEMIX | Fidelity | Fidelity Advisor NY Municipal Inc I | 0.53% |
| FNMAX | Fidelity | Fidelity Advisor NY Municipal Inc A | 0.76% |
| FTFMX | Fidelity | Fidelity New York Municipal Income Fund | 0.45% |
| FNYPX | Fidelity | Fidelity Advisor NY Municipal Inc M | 0.72% |
| FNYCX | Fidelity | Fidelity Advisor NY Municipal Inc C | 1.46% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.0323 | Jun 30, 2026 |
| May 29, 2026 | $0.03208 | May 29, 2026 |
| Apr 30, 2026 | $0.03216 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03225 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03252 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0322 | Jan 30, 2026 |