Lord Abbett New York Tax Free F3 (LONYX)
| Fund Assets | 566.93M |
| Expense Ratio | 0.55% |
| Min. Investment | $0.00 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.65% |
| Dividend Growth | 6.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.41 |
| YTD Return | -1.66% |
| 1-Year Return | -2.18% |
| 5-Year Return | -0.07% |
| 52-Week Low | 10.02 |
| 52-Week High | 10.88 |
| Beta (5Y) | n/a |
| Holdings | 294 |
| Inception Date | n/a |
About LONYX
Lord Abbett New York Tax Free Fund Class F3 is a municipal bond mutual fund focused on providing income that is exempt from both federal and New York State personal income taxes. The fund primarily invests in a diversified portfolio of municipal bonds issued by New York State and its local governments, spanning sectors such as transportation, healthcare, education, utilities, special tax, and general obligation bonds. With approximately 300 holdings and total net assets of about $580 million as of June 2025, the fund aims to deliver monthly tax-advantaged distributions, making it particularly relevant for investors seeking to maximize after-tax income within the state. The fund maintains an expense ratio of 0.55% and is actively managed, allowing its managers to adjust allocations in response to changing market and credit conditions. Its role in the financial market is to support community infrastructure and services in New York while offering investors a potential hedge against both federal and state income tax liabilities, especially useful for residents and institutions subject to higher state tax rates.
Performance
LONYX had a total return of -2.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.50%.
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 | $0.03296 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03265 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03243 | Jun 30, 2025 |
| May 30, 2025 | $0.032 | May 30, 2025 |
| Apr 30, 2025 | $0.03199 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03161 | Mar 31, 2025 |