Lord Abbett New York Tax Free Fund Class F (LNYFX)
| Fund Assets | 341.78M |
| Expense Ratio | 0.68% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.53% |
| Dividend Growth | 7.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 10.24 |
| YTD Return | -2.93% |
| 1-Year Return | -1.50% |
| 5-Year Return | -0.59% |
| 52-Week Low | 10.02 |
| 52-Week High | 10.89 |
| Beta (5Y) | n/a |
| Holdings | 296 |
| Inception Date | Sep 28, 2007 |
About LNYFX
The Fund's investment strategy focuses on NY Municipal Debt with 0.68% total expense ratio. The minimum amount to invest in Lord Abbett Municipal Income Fund, Inc: Lord Abbett New York Tax Free Fund; Class F Shares is $0 on a standard taxable account. Lord Abbett Municipal Income Fund, Inc: Lord Abbett New York Tax Free Fund; Class F Shares seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. Under normal conditions, the Fund invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal, New York State, and New York City personal income tax.
Performance
LNYFX had a total return of -1.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.88%.
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 New York Municipal Income Fund - Class I | 0.52% |
| FNMAX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class A | 0.75% |
| FTFMX | Fidelity | Fidelity New York Municipal Income Fund | 0.44% |
| FNYPX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class M | 0.71% |
| FNYCX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class C | 1.45% |
Top 10 Holdings
15.60% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.5% | NY.NYTTRN 5.5 12.31.2060 | 2.65% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% | NY.NYTTRN 5.25 01.01.2050 | 2.38% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 6% | NY.NYTTRN 6 06.30.2054 | 1.82% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV 5% | NY.NYCDEV 5 11.15.2044 | 1.50% |
| LIBERTY N Y DEV CORP REV 5.25% | NY.LBTDEV 5.25 10.01.2035 | 1.40% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.5% | NY.NYTTRN 5.5 06.30.2060 | 1.30% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.38% | NY.NYTTRN 5.38 06.30.2060 | 1.21% |
| NEW YORK CONVENTION CTR DEV CORP N Y REV 5% | NY.NYSDEV 5 11.15.2040 | 1.15% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.25% | NY.NYCGEN 5.25 05.01.2051 | 1.13% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5.5% | NY.NYSHGR 5.5 07.01.2054 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.03122 | Jun 30, 2025 |
| May 30, 2025 | $0.03075 | May 30, 2025 |
| Apr 30, 2025 | $0.03078 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03036 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03097 | Feb 28, 2025 |
| Jan 31, 2025 | $0.03008 | Jan 31, 2025 |