Lord Abbett New York Tax Free C (NYLAX)
| Fund Assets | 566.93M |
| Expense Ratio | 1.39% |
| Min. Investment | $1,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 2.77% |
| Dividend Growth | 8.02% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.39 |
| YTD Return | -2.06% |
| 1-Year Return | -2.92% |
| 5-Year Return | -3.41% |
| 52-Week Low | 10.00 |
| 52-Week High | 10.86 |
| Beta (5Y) | n/a |
| Holdings | 294 |
| Inception Date | Jul 15, 1996 |
About NYLAX
The Lord Abbett New York Tax Free Fund Class C is a mutual fund designed to provide investors with regular income that is exempt from federal, New York State, and New York City personal income taxes. Its primary purpose is to maximize tax-exempt interest income consistent with reasonable risk, making it particularly relevant for residents of New York seeking municipal bond exposure for tax-advantaged income. The fund primarily invests at least 80% of its net assets in a diversified portfolio of municipal bonds issued by entities within New York State. These holdings include both insured and uninsured municipal securities, and the fund may also allocate a portion to bonds subject to the federal alternative minimum tax. Managed by an experienced investment team, the fund typically holds several hundred municipal securities across sectors such as transportation, healthcare, and education. With monthly dividend distributions and a $1,000 minimum initial investment, the fund serves as a specialized vehicle within the broader municipal debt sector, contributing to capital preservation and offering targeted state-specific tax benefits to its investors.
Performance
NYLAX had a total return of -2.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.96%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
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 | $0.02517 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02485 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02486 | Jun 30, 2025 |
| May 30, 2025 | $0.02412 | May 30, 2025 |
| Apr 30, 2025 | $0.02437 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02368 | Mar 31, 2025 |