Lord Abbett New York Tax Free Fund Class F3 (LONYX)
| Fund Assets | 583.17M |
| Expense Ratio | 0.58% |
| Min. Investment | $0.00 |
| Turnover | 29.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.72% |
| Dividend Growth | 7.63% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.56 |
| YTD Return | 1.00% |
| 1-Year Return | 3.96% |
| 5-Year Return | 1.43% |
| 52-Week Low | 9.71 |
| 52-Week High | 10.57 |
| Beta (5Y) | n/a |
| Holdings | 291 |
| 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 3.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.45%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03437 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03333 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0335 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03268 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03305 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03296 | Aug 29, 2025 |