Lord Abbett New York Tax Free Fund Class F (LNYFX)
| Fund Assets | 583.17M |
| Expense Ratio | 0.71% |
| Min. Investment | $0.00 |
| Turnover | 29.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.57% |
| Dividend Growth | 7.87% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.56 |
| YTD Return | 1.08% |
| 1-Year Return | 3.91% |
| 5-Year Return | 0.83% |
| 52-Week Low | 9.72 |
| 52-Week High | 10.58 |
| Beta (5Y) | n/a |
| Holdings | 297 |
| Inception Date | Sep 28, 2007 |
About LNYFX
Lord Abbett New York Tax Free Fund Class F is a municipal bond mutual fund designed to provide investors with interest income that is exempt from federal, New York State, and New York City income taxes. The fund primarily invests in a diversified portfolio of New York municipal bonds, focusing on securities that are investment grade, but it may allocate up to 20% of its assets to lower-rated, high-yield bonds for additional income potential. Managed by an experienced investment team, the fund emphasizes generating tax-advantaged income while maintaining reasonable risk. Monthly dividend distributions and a competitive expense ratio support its appeal for investors seeking tax efficiency. The fund plays a significant role for individuals in high-tax jurisdictions, serving as a specialized tool for state and local tax management, while also contributing to public sector financing across sectors such as transportation, healthcare, and education within New York State. Its sizeable asset base and extensive holdings further underscore its importance within the municipal fixed income market.
Performance
LNYFX had a total return of 3.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.74%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03313 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0321 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03231 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03145 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03181 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03169 | Aug 29, 2025 |