Lord Abbett New York Tax Free F (LNYFX)
| Fund Assets | 566.93M |
| Expense Ratio | 0.68% |
| Min. Investment | $0.00 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.53% |
| Dividend Growth | 6.97% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.16 |
| YTD Return | -3.31% |
| 1-Year Return | -3.59% |
| 5-Year Return | -2.05% |
| 52-Week Low | 10.02 |
| 52-Week High | 10.89 |
| Beta (5Y) | n/a |
| Holdings | 294 |
| 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 -3.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.82%.
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 | $0.03169 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03139 | Jul 31, 2025 |
| 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 |