Lord Abbett New York Tax Free Fund Class I (NYLIX)
| Fund Assets | 341.78M |
| Expense Ratio | 0.58% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.63% |
| Dividend Growth | 7.15% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 10.23 |
| YTD Return | -2.90% |
| 1-Year Return | -1.25% |
| 5-Year Return | 0.01% |
| 52-Week Low | 10.02 |
| 52-Week High | 10.88 |
| Beta (5Y) | n/a |
| Holdings | 296 |
| Inception Date | Jan 31, 2011 |
About NYLIX
The Fund's investment strategy focuses on NY Municipal Debt with 0.59% total expense ratio. The minimum amount to invest in Lord Abbett Municipal Income Fund, Inc: Lord Abbett New York Tax Free Fund; Class I Shares is $1,000,000 on a standard taxable account. Lord Abbett Municipal Income Fund, Inc: Lord Abbett New York Tax Free Fund; Class I Shares seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. Under normal conditions, the Fund invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal, New York State, and New York City personal income tax.
Performance
NYLIX had a total return of -1.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.88%.
Top 10 Holdings
15.60% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.5% | NY.NYTTRN 5.5 12.31.2060 | 2.65% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% | NY.NYTTRN 5.25 01.01.2050 | 2.38% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 6% | NY.NYTTRN 6 06.30.2054 | 1.82% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV 5% | NY.NYCDEV 5 11.15.2044 | 1.50% |
| LIBERTY N Y DEV CORP REV 5.25% | NY.LBTDEV 5.25 10.01.2035 | 1.40% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.5% | NY.NYTTRN 5.5 06.30.2060 | 1.30% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.38% | NY.NYTTRN 5.38 06.30.2060 | 1.21% |
| NEW YORK CONVENTION CTR DEV CORP N Y REV 5% | NY.NYSDEV 5 11.15.2040 | 1.15% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.25% | NY.NYCGEN 5.25 05.01.2051 | 1.13% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5.5% | NY.NYSHGR 5.5 07.01.2054 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Feb 28, 2025 | $0.03177 | Feb 28, 2025 |
| Jan 31, 2025 | $0.03097 | Jan 31, 2025 |