Lord Abbett New York Tax Free Fund Class C (NYLAX)
| Fund Assets | 583.17M |
| Expense Ratio | 1.45% |
| Min. Investment | $1,000 |
| Turnover | 29.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.84% |
| Dividend Growth | 9.71% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.54 |
| YTD Return | 0.92% |
| 1-Year Return | 3.03% |
| 5-Year Return | -2.91% |
| 52-Week Low | 9.76 |
| 52-Week High | 10.55 |
| Beta (5Y) | n/a |
| Holdings | 297 |
| 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 3.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.10%.
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 | $0.02636 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02538 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02575 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0247 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02536 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02517 | Aug 29, 2025 |