New York Tax Free Fund

LONYX

Track this Fund

Add to Hypo Tool

Daily price w/o sales charge as of 10/26/2020

$11.60

$0.00

YTD Returns w/o sales charge as of 10/26/2020

0.81%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

What is the New York Tax Free Fund?

The Fund seeks to deliver a high level of income exempt from federal and state taxation by investing primarily in New York municipal bonds.

2019 Tax-Exempt #1 for 2019_Barrons Ranking

Yield

Dividend Yield ¹ as of 10/26/2020

w/o sales charge

2.54%

30-Day Standardized Yield ² as of 09/30/2020

1.75%

Fund Basicsas of 09/30/2020

Total Net Assets: $486.34 M
Inception Date: 04/05/2017
Dividend Frequency: Monthly
Fund Expense Ratio: 0.56%
Number of Holdings: 315

Fund Expense Ratio :

0.56%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 01/31/2011

w/o sales charge	1.06%	1.44%	3.68%	3.62%	-	4.89%
Lipper Category Avg. New York Municipal Debt Funds	1.09%	1.39%	3.31%	3.25%	-	-
Bloomberg Barclays Municipal Bond Index	3.33%	4.09%	4.28%	3.84%	-	-

Fund Expense Ratio :

0.56%

Fund Expense Ratio :

0.56%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 01/31/2011

w/o sales charge	1.06%	1.44%	3.68%	3.62%	-	4.89%
Lipper Category Avg. New York Municipal Debt Funds	1.09%	1.39%	3.31%	3.25%	-	-
Bloomberg Barclays Municipal Bond Index	3.33%	4.09%	4.28%	3.84%	-	-

Fund Expense Ratio :

0.56%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Credit Quality Distribution as of 09/30/2020 View Portfolio

Rating	Assets
AAA
AA
A
BBB
< BBB
Not Rated

Ratings provided by Standard & Poor’s, Moody’s, and Fitch. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating.Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non investment grade bonds (junk bonds) involve higher risks than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities are not rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

INVESTMENT TEAM

Daniel S. Solender, CFA

Partner & Director

33 Years of Industry Experience

Philip B. Herman

Partner, Portfolio Manager

21 Years of Industry Experience

Supported By 15 Investment Professionals with 13 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Dividend Yield ¹ as of 10/26/2020

w/o sales charge

2.54%

30-Day Standardized Yield ² as of 09/30/2020

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	1.75%	1.75%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

0.56%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 01/31/2011

w/o sales charge	1.06%	1.44%	3.68%	3.62%	-	4.89%
Lipper Category Avg. New York Municipal Debt Funds	1.09%	1.39%	3.31%	3.25%	-	-
Bloomberg Barclays Municipal Bond Index	3.33%	4.09%	4.28%	3.84%	-	-

Fund Expense Ratio :

0.56%

Fund Expense Ratio :

0.56%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 01/31/2011

w/o sales charge	1.06%	1.44%	3.68%	3.62%	-	4.89%
Lipper Category Avg. New York Municipal Debt Funds	1.09%	1.39%	3.31%	3.25%	-	-
Bloomberg Barclays Municipal Bond Index	3.33%	4.09%	4.28%	3.84%	-	-

Fund Expense Ratio :

0.56%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Year	Fund Returns	Bloomberg Barclays Municipal Bond Index

2019	8.52%	7.54%
2018	1.12%	1.28%
2017	4.99%	5.45%
2016	0.76%	0.25%
2015	3.38%	3.30%
2014	11.71%	9.05%
2013	-4.76%	-2.55%
2012	10.88%	6.78%
2011	10.84%	10.70%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2020	-2.37%	2.69%	0.80%	-	0.81%
2019	3.44%	2.53%	1.94%	0.38%	8.52%
2018	-0.91%	1.05%	-0.12%	1.11%	1.12%
2017	1.65%	2.05%	0.73%	0.48%	4.99%
2016	1.93%	3.37%	0.01%	-4.38%	0.76%
2015	1.02%	-1.03%	1.56%	1.81%	3.38%
2014	4.31%	3.14%	2.24%	1.56%	11.71%
2013	0.25%	-4.02%	-0.92%	-0.10%	-4.76%
2012	3.92%	2.32%	3.09%	1.15%	10.88%
2011	-	4.42%	2.93%	1.56%	10.84%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

NAV Historical Prices

Date	Net Asset Value

Portfolio

Sector	Assets
Transportation
Special Tax
IDR/PCR
Education
Healthcare/Hospital
GO Local
Water & Sewer
Power
Lease
Housing
Other
VRDN
GO State

The Fund's portfolio is actively managed and is subject to change.

Maturity	Assets
<1 Year
1-3 Years
3-5 Years
5-7 Years
7-9 Years
9-12 Years
12-15 Years
15-18 Years
18-25 Years
25-30 Years
30+ Years

The Fund's portfolio is actively managed and is subject to change.

Credit Quality Distribution as of 09/30/2020

Rating	Assets
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Positioning as of 06/30/2020

Relative to its benchmark, the Bloomberg Barclays Municipal Bond Index, the Fund is underweight bonds in the 1- to 12-year maturity range, while maintaining an overweight to longer maturity bonds.
The Fund holds an overweight in the transportation sector with a focus on credits that have strong balance sheets and large cash positions. Additionally, the Fund is overweight the industrial development sector which stands to benefit from better-than-expected corporate earnings and the Federal Reserve’s support for the corporate bond market.

Portfolio Details as of 09/30/2020

Total Net Assets: $486.34 M
Number of Issues: 315
Average Coupon: 4.6%
Average Effective Maturity: 19.0 Years
Average Effective Duration: 7.65 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding	Coupon	Maturity	Assets

New York Transportation Development Corp	5.250%	01/01/2050	2.7%
New York Liberty Development Corp	5.000%	11/15/2044	1.6%
New York Liberty Development Corp	5.250%	10/01/2035	1.6%
Oneida County Local Development Corp	4.000%	12/01/2049	1.1%
New York State Dormitory Authority	4.000%	07/01/2044	1.1%
New York State Dormitory Authority	4.000%	07/01/2053	1.0%
Port Authority of New York & New Jersey	4.000%	11/01/2047	0.9%
New York State Dormitory Authority	4.000%	09/01/2050	0.9%
New York Liberty Development Corp	5.500%	10/01/2037	0.9%
Port Authority of New York & New Jersey	5.000%	11/15/2031	0.9%

% of Total Assets			12.7%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Holding	Coupon	Maturity	Assets

New York Transportation Development Corp	5.250%	01/01/2050	2.7%
New York Liberty Development Corp	5.000%	11/15/2044	1.7%
New York Liberty Development Corp	5.250%	10/01/2035	1.6%
Oneida County Local Development Corp	4.000%	12/01/2049	1.1%
New York State Dormitory Authority	4.000%	07/01/2044	1.1%
New York State Dormitory Authority	4.000%	07/01/2053	1.0%
Port Authority of New York & New Jersey	4.000%	11/01/2047	0.9%
New York State Dormitory Authority	4.000%	09/01/2050	0.9%
New York City Water & Sewer System	0.030%	06/15/2050	0.9%
Port Authority of New York & New Jersey	5.000%	11/15/2031	0.9%
New York Liberty Development Corp	5.500%	10/01/2037	0.9%
Metropolitan Transportation Authority	5.250%	11/15/2028	0.9%
Port Authority of New York & New Jersey	4.000%	09/01/2043	0.8%
New York State Dormitory Authority	4.000%	07/01/2050	0.8%
New York State Dormitory Authority	5.000%	03/15/2032	0.8%
New York City Water & Sewer System	5.000%	06/15/2046	0.8%
City of New York NY	5.000%	08/01/2029	0.8%
New York State Dormitory Authority	5.000%	02/15/2041	0.7%
New York City Transitional Finance Authority Futur	5.000%	08/01/2041	0.7%
City of New York NY	4.000%	08/01/2034	0.7%
New York City Transitional Finance Authority Futur	4.000%	11/01/2038	0.7%
New York Transportation Development Corp	4.000%	01/01/2036	0.7%
Port Authority of New York & New Jersey	5.000%	09/15/2033	0.7%
Port Authority of New York & New Jersey	5.000%	11/15/2032	0.7%
Port Authority of New York & New Jersey	5.000%	10/01/2033	0.7%
TSASC Inc/NY	5.000%	06/01/2048	0.7%
New York City Water & Sewer System	4.000%	06/15/2049	0.7%
New York City Transitional Finance Authority Futur	5.000%	08/01/2042	0.7%
Metropolitan Transportation Authority	4.750%	11/15/2045	0.7%
New York City Industrial Development Agency	1.525%	03/01/2026	0.7%
Metropolitan Transportation Authority	4.000%	11/15/2049	0.7%
Brooklyn Arena Local Development Corp	5.000%	07/15/2042	0.7%
New York State Dormitory Authority	4.000%	07/01/2045	0.6%
City of New York NY	5.000%	12/01/2044	0.6%
New York City Transitional Finance Authority Futur	5.000%	08/01/2040	0.6%
Metropolitan Transportation Authority	4.000%	11/15/2051	0.6%
Metropolitan Transportation Authority	5.000%	11/15/2023	0.6%
New York City Transitional Finance Authority Futur	5.000%	02/01/2043	0.6%
New York State Dormitory Authority	3.000%	07/01/2042	0.6%
Monroe County Industrial Development Corp/NY	4.000%	07/01/2050	0.6%
New York State Thruway Authority	4.000%	01/01/2050	0.6%
New York City Transitional Finance Authority Futur	0.020%	02/01/2045	0.6%
Long Island Power Authority	5.250%	09/01/2029	0.6%
Commonwealth of Puerto Rico	0.000%	07/01/2030	0.6%
Erie County Industrial Development Agency/The	5.250%	05/01/2030	0.6%
Build NYC Resource Corp	4.000%	07/01/2049	0.5%
New York City Transitional Finance Authority Futur	5.000%	11/01/2030	0.5%
New York City Water & Sewer System	5.000%	06/15/2036	0.5%
New York Transportation Development Corp	5.000%	01/01/2036	0.5%
Triborough Bridge & Tunnel Authority	4.000%	11/15/2044	0.5%
New York State Dormitory Authority	5.000%	03/15/2045	0.5%
New York State Dormitory Authority	5.000%	02/15/2042	0.5%
New York State Dormitory Authority	5.000%	03/15/2043	0.5%
Hudson Yards Infrastructure Corp	5.000%	02/15/2031	0.5%
New York City Transitional Finance Authority Build	5.000%	07/15/2035	0.5%
New York Liberty Development Corp	2.800%	09/15/2069	0.5%
Westchester County Local Development Corp	5.000%	11/01/2046	0.5%
Jefferson County Civic Facility Development Corp	5.000%	11/01/2037	0.5%
Long Island Power Authority	5.000%	09/01/2034	0.5%
Nassau County Local Economic Assistance Corp	5.000%	07/01/2028	0.5%
Triborough Bridge & Tunnel Authority	4.000%	11/15/2048	0.5%
Hempstead Town Local Development Corp	4.000%	02/01/2039	0.5%
New York City Transitional Finance Authority Futur	4.000%	05/01/2043	0.5%
New York State Dormitory Authority	5.000%	07/01/2040	0.5%
New York State Dormitory Authority	5.000%	12/01/2029	0.5%
New York State Urban Development Corp	5.000%	03/15/2033	0.5%
New York State Dormitory Authority	0.000%	08/01/2021	0.5%
Dutchess County Local Development Corp	4.000%	07/01/2049	0.4%
New York State Dormitory Authority	4.000%	03/15/2048	0.4%
Erie County Industrial Development Agency/The	5.000%	05/01/2027	0.4%
City of New York NY	5.000%	08/01/2026	0.4%
Buffalo Municipal Water Finance Authority	5.000%	07/01/2048	0.4%
Nassau County Tobacco Settlement Corp	5.125%	06/01/2046	0.4%
New York Transportation Development Corp	4.000%	07/01/2031	0.4%
New York Transportation Development Corp	4.000%	07/01/2046	0.4%
New York City Industrial Development Agency	5.000%	01/01/2031	0.4%
New York City Water & Sewer System	5.000%	06/15/2048	0.4%
New York City Trust for Cultural Resources	4.000%	12/01/2033	0.4%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	5.000%	07/01/2058	0.4%
New York City Water & Sewer System	5.000%	06/15/2036	0.4%
City of New York NY	5.000%	08/01/2027	0.4%
New York City Housing Development Corp	3.350%	11/01/2065	0.4%
New York State Thruway Authority	5.000%	01/01/2036	0.4%
Metropolitan Transportation Authority	5.000%	11/15/2050	0.4%
New York City Water & Sewer System	5.000%	06/15/2035	0.4%
Westchester Tobacco Asset Securitization Corp	5.125%	06/01/2051	0.4%
New York State Urban Development Corp	4.000%	03/15/2049	0.4%
New York City Transitional Finance Authority Futur	4.000%	11/01/2042	0.4%
New York City Industrial Development Agency	5.000%	07/01/2028	0.4%
New York City Transitional Finance Authority Futur	5.000%	11/01/2032	0.4%
New York State Dormitory Authority	5.000%	07/01/2049	0.4%
New York State Dormitory Authority	5.000%	07/01/2042	0.4%
New York City Water & Sewer System	5.250%	06/15/2037	0.4%
New York State Urban Development Corp	4.000%	03/15/2047	0.4%
Port Authority of New York & New Jersey	5.000%	10/15/2027	0.4%
Metropolitan Transportation Authority	5.000%	11/15/2029	0.4%
Metropolitan Transportation Authority	5.000%	11/15/2033	0.4%
New York State Dormitory Authority	4.000%	08/01/2037	0.4%
Niagara Area Development Corp	4.750%	11/01/2042	0.4%
Dutchess County Local Development Corp	5.000%	07/01/2035	0.4%
Metropolitan Transportation Authority	5.000%	11/15/2030	0.4%
Long Island Power Authority	4.000%	09/01/2038	0.4%
Westchester County Local Development Corp	4.000%	06/01/2033	0.4%
New York City Water & Sewer System	5.000%	06/15/2035	0.4%
Metropolitan Transportation Authority	5.000%	11/15/2029	0.4%
New York State Urban Development Corp	5.000%	03/15/2036	0.4%
Triborough Bridge & Tunnel Authority	4.000%	11/15/2054	0.4%
City of New York NY	4.000%	03/01/2050	0.4%
County of Suffolk NY	5.000%	02/01/2025	0.4%
St Lawrence County Industrial Development Agency	6.000%	09/01/2034	0.4%
New York Transportation Development Corp	5.250%	08/01/2031	0.4%
New York City Transitional Finance Authority Futur	5.000%	05/01/2043	0.3%
City of New York NY	5.000%	04/01/2045	0.3%
Metropolitan Transportation Authority	4.000%	11/15/2048	0.3%
City of New York NY	5.000%	10/01/2034	0.3%
Port Authority of New York & New Jersey	5.000%	11/15/2042	0.3%
Port Authority of New York & New Jersey	6.000%	12/01/2042	0.3%
New York City Industrial Development Agency	4.500%	03/01/2039	0.3%
New York State Dormitory Authority	5.500%	08/15/2026	0.3%
New York Transportation Development Corp	5.000%	01/01/2023	0.3%
New York State Dormitory Authority	5.000%	01/01/2047	0.3%
Troy Capital Resource Corp	5.000%	08/01/2032	0.3%
Broome County Local Development Corp	3.000%	04/01/2037	0.3%
New York Power Authority	4.000%	11/15/2045	0.3%
New York City Water & Sewer System	5.000%	06/15/2040	0.3%
City of New York NY	5.000%	08/01/2043	0.3%
Metropolitan Transportation Authority	5.000%	11/15/2033	0.3%
City of New York NY	5.000%	08/01/2027	0.3%
Build NYC Resource Corp	4.000%	07/01/2044	0.3%
Triborough Bridge & Tunnel Authority	5.000%	11/15/2054	0.3%
New York City Transitional Finance Authority Futur	5.000%	05/01/2035	0.3%
New York State Dormitory Authority	5.000%	03/15/2027	0.3%
New York City Transitional Finance Authority Build	5.000%	07/15/2027	0.3%
New York State Environmental Facilities Corp	2.875%	12/01/2044	0.3%
Metropolitan Transportation Authority	5.250%	11/15/2031	0.3%
New York State Urban Development Corp	4.000%	03/15/2044	0.3%
Suffolk Tobacco Asset Securitization Corp	5.000%	06/01/2032	0.3%
Dutchess County Local Development Corp	4.000%	07/01/2044	0.3%
Long Island Power Authority	5.000%	09/01/2047	0.3%
Suffolk Tobacco Asset Securitization Corp	6.000%	06/01/2048	0.3%
Triborough Bridge & Tunnel Authority	5.000%	11/15/2047	0.3%
Build NYC Resource Corp	5.000%	08/01/2033	0.3%
Port Authority of New York & New Jersey	5.000%	10/15/2041	0.3%
New York State Dormitory Authority	5.250%	01/01/2034	0.3%
Hudson Yards Infrastructure Corp	5.000%	02/15/2033	0.3%
Monroe County Industrial Development Corp/NY	5.000%	01/01/2050	0.3%
Erie County Industrial Development Agency/The	5.000%	05/01/2028	0.3%
New York State Dormitory Authority	5.000%	07/01/2028	0.3%
Port Authority of New York & New Jersey	5.000%	09/15/2028	0.3%
New York State Dormitory Authority	5.000%	07/01/2029	0.3%
Metropolitan Transportation Authority	5.250%	11/15/2035	0.3%
Port Authority of New York & New Jersey	5.000%	04/01/2036	0.3%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.750%	07/01/2053	0.3%
Metropolitan Transportation Authority	5.000%	11/15/2034	0.3%
New York City Water & Sewer System	5.250%	06/15/2047	0.3%
City of New York NY	5.000%	08/01/2026	0.3%
New York State Dormitory Authority	5.000%	08/01/2033	0.3%
Port Authority of New York & New Jersey	5.000%	09/15/2034	0.3%
City of New York NY	5.000%	10/01/2039	0.3%
New York State Urban Development Corp	5.000%	03/15/2040	0.3%
Suffolk Tobacco Asset Securitization Corp	5.250%	06/01/2037	0.3%
Triborough Bridge & Tunnel Authority	5.000%	11/15/2038	0.3%
New York State Dormitory Authority	5.000%	03/15/2026	0.3%
Port Authority of New York & New Jersey	6.000%	12/01/2042	0.3%
Port Authority of New York & New Jersey	6.000%	12/01/2036	0.2%
Port Authority of New York & New Jersey	5.000%	10/15/2033	0.2%
New York State Dormitory Authority	5.000%	10/01/2027	0.2%
New York State Dormitory Authority	5.000%	02/15/2039	0.2%
TSASC Inc/NY	5.000%	06/01/2034	0.2%
New York State Dormitory Authority	5.000%	05/01/2028	0.2%
Long Island Power Authority	4.000%	09/01/2039	0.2%
Long Island Power Authority	5.000%	09/01/2039	0.2%
New York City Transitional Finance Authority Futur	0.020%	08/01/2042	0.2%
New York State Dormitory Authority	5.000%	12/01/2026	0.2%
New York State Dormitory Authority	5.000%	07/01/2039	0.2%
New York State Urban Development Corp	4.000%	03/15/2045	0.2%
New York State Thruway Authority	4.000%	01/01/2041	0.2%
New York State Dormitory Authority	4.000%	07/01/2045	0.2%
New York State Dormitory Authority	5.000%	07/01/2034	0.2%
Niagara Frontier Transportation Authority	5.000%	04/01/2027	0.2%
New York City Transitional Finance Authority Futur	4.000%	08/01/2039	0.2%
New York State Dormitory Authority	4.000%	07/01/2045	0.2%
Monroe County Industrial Development Corp/NY	4.000%	07/01/2043	0.2%
Yonkers Economic Development Corp	6.250%	10/15/2040	0.2%
Build NYC Resource Corp	5.000%	06/01/2040	0.2%
Genesee County Industrial Development Agency	5.000%	12/01/2032	0.2%
Westchester County Local Development Corp	5.000%	11/01/2033	0.2%
Long Island Power Authority	5.000%	09/01/2025	0.2%
New York Liberty Development Corp	7.250%	11/15/2044	0.2%
Westchester County Local Development Corp	5.000%	11/01/2034	0.2%
New York Liberty Development Corp	5.000%	09/15/2040	0.2%
Metropolitan Transportation Authority	5.000%	11/15/2041	0.2%
New York State Dormitory Authority	5.000%	09/01/2026	0.2%
Onondaga Civic Development Corp	5.500%	12/01/2031	0.2%
Broome County Local Development Corp	3.000%	04/01/2036	0.2%
Westchester County Local Development Corp	5.000%	06/01/2047	0.2%
New York Liberty Development Corp	5.000%	11/15/2031	0.2%
Buffalo & Erie County Industrial Land Development	5.000%	11/15/2037	0.2%
New York State Thruway Authority	3.000%	01/01/2046	0.2%
Hudson Yards Infrastructure Corp	5.750%	02/15/2047	0.2%
Metropolitan Transportation Authority	5.000%	11/15/2045	0.2%
Niagara Frontier Transportation Authority	5.000%	04/01/2036	0.2%
Southold Local Development Corp	5.000%	12/01/2045	0.2%
Erie County Industrial Development Agency/The	5.250%	05/01/2032	0.2%
New York City Housing Development Corp	4.500%	02/15/2048	0.2%
New York State Bridge Authority	4.000%	01/01/2027	0.2%
New York Transportation Development Corp	5.375%	08/01/2036	0.2%
Suffolk Tobacco Asset Securitization Corp	6.625%	06/01/2044	0.2%
New York State Dormitory Authority	3.000%	02/01/2050	0.2%
Build NYC Resource Corp	5.000%	07/01/2041	0.2%
New York State Housing Finance Agency	3.150%	11/01/2054	0.2%
Port Authority of New York & New Jersey	5.000%	09/01/2032	0.2%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2051	0.2%
New York City Health and Hospitals Corp	5.000%	02/15/2025	0.2%
New York City Water & Sewer System	0.030%	06/15/2045	0.2%
New York Transportation Development Corp	5.000%	08/01/2031	0.2%
New York State Dormitory Authority	5.000%	05/01/2023	0.2%
New York State Dormitory Authority	5.000%	07/01/2032	0.2%
Tompkins County Development Corp	5.000%	07/01/2044	0.2%
Hempstead Town Local Development Corp	5.000%	07/01/2034	0.2%
New York State Dormitory Authority	5.000%	07/01/2028	0.2%
Erie Tobacco Asset Securitization Corp	0.000%	06/01/2060	0.2%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.329%	07/01/2040	0.2%
New York State Dormitory Authority	5.000%	07/01/2033	0.2%
Niagara Frontier Transportation Authority	5.000%	04/01/2038	0.2%
Port Authority of New York & New Jersey	4.000%	11/01/2059	0.2%
Puerto Rico Electric Power Authority	0.000%	07/01/2036	0.2%
Metropolitan Transportation Authority	5.000%	11/15/2028	0.2%
City of Syracuse NY	4.000%	05/15/2034	0.2%
New York Liberty Development Corp	5.150%	11/15/2034	0.2%
Metropolitan Transportation Authority	5.250%	11/15/2032	0.2%
Buffalo & Fort Erie Public Bridge Authority	5.000%	01/01/2034	0.2%
Dutchess County Local Development Corp	6.000%	10/01/2030	0.2%
Guam Government Waterworks Authority	5.000%	01/01/2050	0.2%
Buffalo Municipal Water Finance Authority	5.000%	07/01/2043	0.1%
Hempstead Town Local Development Corp	5.000%	07/01/2037	0.1%
Nassau County Local Economic Assistance Corp	5.000%	07/01/2027	0.1%
New York State Dormitory Authority	5.000%	07/01/2028	0.1%
Nassau County Local Economic Assistance Corp	5.000%	07/01/2033	0.1%
New York State Dormitory Authority	5.000%	07/01/2035	0.1%
Hempstead Town Local Development Corp	5.000%	07/01/2042	0.1%
Hempstead Town Local Development Corp	5.000%	07/01/2039	0.1%
New York State Dormitory Authority	5.000%	08/01/2035	0.1%
Nassau County Tobacco Settlement Corp	0.000%	06/01/2060	0.1%
Dutchess County Local Development Corp	5.000%	07/01/2034	0.1%
Build NYC Resource Corp	5.000%	08/01/2040	0.1%
TSASC Inc/NY	5.000%	06/01/2041	0.1%
Erie Tobacco Asset Securitization Corp	0.000%	06/01/2055	0.1%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit	6.000%	07/01/2044	0.1%
Guam Power Authority	5.000%	10/01/2021	0.1%
New York State Dormitory Authority	5.000%	07/01/2032	0.1%
Rockland Tobacco Asset Securitization Corp	0.000%	08/15/2060	0.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2031	0.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.329%	07/01/2040	0.1%
Guam Power Authority	5.000%	10/01/2020	0.1%
New York State Environmental Facilities Corp	2.750%	09/01/2050	0.1%
Westchester County Local Development Corp	5.000%	07/01/2042	0.1%
New York State Dormitory Authority	4.000%	08/01/2038	0.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2033	0.1%
Guam Government Waterworks Authority	5.000%	07/01/2036	0.1%
Monroe County Industrial Development Corp/NY	5.000%	07/01/2031	0.1%
Port Authority of New York & New Jersey	5.000%	09/15/2048	0.1%
Monroe Tobacco Asset Securitization Corp	0.000%	06/01/2061	0.1%
New York City Transitional Finance Authority Futur	0.020%	02/01/2045	0.1%
Dutchess County Local Development Corp	5.000%	07/01/2033	0.1%
Niagara Frontier Transportation Authority	5.000%	04/01/2039	0.1%
New York State Dormitory Authority	4.000%	08/01/2036	0.1%
Port Authority of New York & New Jersey	6.000%	12/01/2036	0.1%
Albany Capital Resource Corp	5.000%	05/01/2030	0.1%
New York State Dormitory Authority	5.000%	08/01/2034	0.1%
Metropolitan Transportation Authority	4.000%	11/15/2035	0.1%
Buffalo & Erie County Industrial Land Development	5.000%	07/01/2025	0.1%
TSASC Inc/NY	5.000%	06/01/2035	0.1%
County of Erie NY	5.000%	09/15/2028	0.1%
Dutchess County Local Development Corp	5.000%	07/01/2034	0.1%
New York City Industrial Development Agency	0.000%	03/01/2044	0.1%
Port Authority of New York & New Jersey	5.500%	12/01/2031	0.1%
Dutchess County Local Development Corp	5.000%	07/01/2046	0.1%
Monroe County Industrial Development Corp/NY	5.000%	12/01/2034	0.1%
New York State Dormitory Authority	5.000%	07/01/2027	0.1%
Albany Capital Resource Corp	5.000%	05/01/2032	0.1%
City of New Rochelle NY	5.000%	07/01/2029	0.1%
Build NYC Resource Corp	5.000%	01/01/2035	0.1%
Build NYC Resource Corp	4.500%	01/01/2025	0.1%
City of New Rochelle NY	5.000%	07/01/2030	0.1%
City of New Rochelle NY	5.000%	07/01/2028	0.0%
Metropolitan Transportation Authority	5.000%	11/15/2030	0.0%
Port Authority of New York & New Jersey	5.500%	12/01/2031	0.0%
Westchester County Local Development Corp	5.000%	07/01/2034	0.0%
City of New Rochelle NY	5.000%	07/01/2031	0.0%
Dutchess County Local Development Corp	5.000%	07/01/2041	0.0%
New York City Industrial Development Agency	0.000%	03/01/2043	0.0%
New York State Thruway Authority	5.000%	01/01/2032	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.784%	07/01/2058	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.550%	07/01/2040	0.0%
Puerto Rico Infrastructure Financing Authority	0.000%	10/01/2037	0.0%
Westchester County Healthcare Corp/NY	6.125%	11/01/2037	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2029	0.0%
New York City Industrial Development Agency	0.000%	03/01/2047	0.0%
New York City Transitional Finance Authority Futur	5.000%	05/01/2034	0.0%
Commonwealth of Puerto Rico	0.000%	07/01/2033	0.0%
TSASC Inc/NY	5.000%	06/01/2036	0.0%
Westchester County Healthcare Corp/NY	6.000%	11/01/2030	0.0%
Commonwealth of Puerto Rico	0.000%	07/01/2028	0.0%
Brooklyn Arena Local Development Corp	0.000%	07/15/2047	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.536%	07/01/2053	0.0%
Port Authority of New York & New Jersey	5.000%	12/01/2020	0.0%
Commonwealth of Puerto Rico	0.000%	07/01/2027	0.0%
Commonwealth of Puerto Rico	0.000%	07/01/2027	0.0%
Westchester County Healthcare Corp/NY	6.125%	11/01/2037	0.0%
New York State Dormitory Authority	4.000%	05/01/2022	0.0%
New York State Dormitory Authority	5.000%	05/01/2023	0.0%
New York State Dormitory Authority	5.000%	02/15/2041	0.0%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 10/26/2020: $0.222
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	09/30/2020	$0.02454	$11.65
Daily	Daily	08/31/2020	$0.02444	$11.72
Daily	Daily	07/31/2020	$0.02462	$11.80
Daily	Daily	06/30/2020	$0.02532	$11.63
Daily	Daily	05/31/2020	$0.02464	$11.41
Daily	Daily	04/30/2020	$0.02491	$11.04
Daily	Daily	03/31/2020	$0.02444	$11.40
Daily	Daily	02/29/2020	$0.02518	$12.16
Daily	Daily	01/31/2020	$0.02457	$11.98

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	10/31/2020
Daily	Daily	11/30/2020
Daily	Daily	12/31/2020

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/19/2018	12/20/2018	$0.0038	-	$0.0038	$11.11

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/21/2020	12/22/2020

Fees & Expenses

Expense Ratioas of 09/30/2020

0.56%

Expense ratio details, Click here.

The net expense ratio takes into account deductions for certain interest and related expenses from certain of the Fund's investments. Under accounting rules, the Fund recognized additional income in an amount that directly offsets these interest and related expenses. Therefore, the Fund's total returns and net asset value were not affected by such interest and related expenses.

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

	0Documents selected				Order
	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
n/a	Prospectus (XBRL) Publish Date:11/03/2015
	SAI Publish Date:11/03/2015
	Annual Report Publish Date:11/03/2015
	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015
	Commentary Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

	Quantity Quantity	Remove Remove

Proceed to Checkout

(3 items)

View all forms & documents

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

The 30-day Standardized Subsidized yield reflects fee waivers in effect. Without such fee waivers, yields would be reduced.

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

IMPORTANT INFORMATION

A Note about Risk: The Fund invests a significant percentage of its assets in the securities of a single state. As a result, an investment in the Fund may be riskier than an investment in other, more diversified municipal bond funds. The value of an investment in the fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the price of debt securities tend to rise. High-yield securities, sometimes called "junk bonds" carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. A portion of the income derived from the Fund's portfolio may be subject to the alternative minimum tax. Any capital gains realized may be subject to taxation. Federal, state, and local taxes may apply. There is a risk that a bond issued as tax-exempt may be reclassified by the IRS as taxable, creating taxable rather than tax-exempt income. The Fund may invest in bonds of issuers in Puerto Rico and other U.S. territories, commonwealths, and possessions, and may be affected by local, state, and regional factors. These may include, for example, economic or political developments, erosion of the tax base, and the possibility of credit problems. These factors can affect Fund performance.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

Class F3 - The inception date for Class F3 shares is April 4, 2017. The performance quotations for Class F3 are based on the following methods of calculation: (a) for periods prior to April 4, 2017, a figure is used based on the historical performance of the Fund’s Class I Shares, since inception, restated to reflect all charges and fees applicable to Class F3 shares; and (b) for periods after April 4, 2017, actual Class F3 performance is used, which reflects all charges and fees applicable to Class F3 shares.

Class F3 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

The Bloomberg Barclays Municipal Bond Index a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market. Bonds must be rated investment-grade (Baa3/BBB- or higher) by at least two ratings agencies. They must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate, have a dated-date after December 31, 1990, and must be at least one year from their maturity date.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

Fund finder

Career Opportunities

Error!

Error!

Error!

Tracked Funds

Quick Links

Pending Orders

LOG IN TO CONTINUE

LOG IN

QUICK LINKS

window.LAData = window.LAData || {}; window.LAData['react-retailMobileNavigation'] = { containerType: 'RetailMobileNavigation', };

Financial Professional

Verify Your Email Address

I have not received my verification email.

I'm still having trouble

REGISTER AT LORDABBETT.COM

FORGOT YOUR LORDABBETT.COM PASSWORD?

Financial Professionals

Forgot Password

Thank you.

Financial Professional*

ACCESS OTHER ACCOUNTS

Individual Investors

Small Business Plan Sponsors

Reset Your Password

Financial Professionals*

Confirmation Message

Share

Summary

Summary

What is the New York Tax Free Fund?

The Fund seeks to deliver a high level of income exempt from federal and state taxation by investing primarily in New York municipal bonds.

Yield

Dividend Yield 1 as of 10/26/2020

30-Day Standardized Yield 2 as of 09/30/2020

Fund Basicsas of 09/30/2020

Fund Expense Ratio :

0.56%

Fund Expense Ratio :

0.56%

Fund Expense Ratio :

0.56%

Fund Expense Ratio :

0.56%

RELATED CONTENT

Credit Quality Distribution as of 09/30/2020 View Portfolio

INVESTMENT TEAM

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 10/26/2020

30-Day Standardized Yield 2 as of 09/30/2020

Fund Expense Ratio :

0.56%

Fund Expense Ratio :

0.56%

Fund Expense Ratio :

0.56%

Fund Expense Ratio :

0.56%

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 09/30/2020

Portfolio Positioning as of 06/30/2020

Portfolio Details as of 09/30/2020

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Capital Gains Distributions

Upcoming Capital Gain Distribution

Fees & Expenses

Fees & Expenses

Expense Ratioas of 09/30/2020

Fund Documents

Fund Documents

Coming Soon.......

Please confirm your literature shipping address

Dividend Yield ¹ as of 10/26/2020

30-Day Standardized Yield ² as of 09/30/2020

Dividend Yield ¹ as of 10/26/2020

30-Day Standardized Yield ² as of 09/30/2020