Lord Abbett New York Tax Free I (NYLIX)
| Fund Assets | 566.93M |
| Expense Ratio | 0.58% |
| Min. Investment | $1,000,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.61% |
| Dividend Growth | 6.76% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.27 |
| YTD Return | -1.86% |
| 1-Year Return | -2.39% |
| 5-Year Return | 0.16% |
| 52-Week Low | 10.02 |
| 52-Week High | 10.88 |
| Beta (5Y) | n/a |
| Holdings | 294 |
| Inception Date | Jan 31, 2011 |
About NYLIX
Lord Abbett New York Tax Free Fund Class I is a mutual fund dedicated to generating tax-exempt income for investors, with a primary focus on municipal debt issued by the state of New York. Its core objective is to maximize interest income that is exempt from federal, New York State, and New York City personal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds—rated BBB/Baa or higher at purchase—but it may allocate up to 20% of its assets to lower-rated, high-yield municipal bonds to enhance return potential. The portfolio may include various bond types, such as general obligation bonds, revenue bonds, municipal leases, and variable-rate demand notes, spanning both insured and uninsured issues. Designed mainly for institutional and high-net-worth investors, the fund has a relatively high minimum investment requirement and features a competitive expense ratio. By prioritizing tax efficiency and credit quality, the fund serves as a specialized vehicle for investors seeking municipal bond exposure with a targeted New York emphasis, playing an important role in income and tax management strategies for eligible investors.
Performance
NYLIX had a total return of -2.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.91%.
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 | $0.03254 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03224 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03205 | Jun 30, 2025 |
| May 30, 2025 | $0.03161 | May 30, 2025 |
| Apr 30, 2025 | $0.03162 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03125 | Mar 31, 2025 |