Lord Abbett New York Tax Free C (NYLAX)
| Fund Assets | 600.84M |
| Expense Ratio | 1.45% |
| Min. Investment | $1,000 |
| Turnover | 29.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 2.92% |
| Dividend Growth | 9.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.60 |
| YTD Return | 2.68% |
| 1-Year Return | 6.84% |
| 5-Year Return | -2.78% |
| 52-Week Low | 10.03 |
| 52-Week High | 10.63 |
| Beta (5Y) | 0.07 |
| Holdings | 283 |
| 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 6.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.11%.
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 NY Municipal Inc I | 0.53% |
| FNMAX | Fidelity | Fidelity Advisor NY Municipal Inc A | 0.76% |
| FTFMX | Fidelity | Fidelity New York Municipal Income Fund | 0.45% |
| FNYPX | Fidelity | Fidelity Advisor NY Municipal Inc M | 0.72% |
| FNYCX | Fidelity | Fidelity Advisor NY Municipal Inc C | 1.46% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02663 | Jun 30, 2026 |
| May 29, 2026 | $0.02626 | May 29, 2026 |
| Apr 30, 2026 | $0.02652 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02642 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02721 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02636 | Jan 30, 2026 |