New York Tax Free Fund

LONYX

Track this Fund

Add to Hypo Tool

Daily price w/o sales charge as of 01/23/2020

$11.90

$0.01

YTD Returns w/o sales charge as of 01/23/2020

1.43%

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.

Yield

Dividend Yield ¹ as of 01/23/2020

w/o sales charge

2.49%

30-Day Standardized Yield ² as of 12/31/2019

1.67%

Fund Basicsas of 12/31/2019

Total Net Assets: $470.89 M
Inception Date: 04/05/2017
Dividend Frequency: Monthly
Fund Expense Ratio: 0.56%
Number of Holdings: 314

Fund Expense Ratio :

0.56%

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

w/o sales charge	8.52%	8.52%	4.83%	3.72%	-	5.18%
Lipper Category Avg. New York Municipal Debt Funds	7.49%	7.49%	4.34%	3.33%	-	-
Bloomberg Barclays Municipal Bond Index	7.54%	7.54%	4.72%	3.53%	-	-

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	8.52%	8.52%	4.83%	3.72%	-	5.18%
Lipper Category Avg. New York Municipal Debt Funds	7.49%	7.49%	4.34%	3.33%	-	-
Bloomberg Barclays Municipal Bond Index	7.54%	7.54%	4.72%	3.53%	-	-

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 12/31/2019 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 01/23/2020

w/o sales charge

2.49%

30-Day Standardized Yield ² as of 12/31/2019

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	1.67%	1.67%

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	8.52%	8.52%	4.83%	3.72%	-	5.18%
Lipper Category Avg. New York Municipal Debt Funds	7.49%	7.49%	4.34%	3.33%	-	-
Bloomberg Barclays Municipal Bond Index	7.54%	7.54%	4.72%	3.53%	-	-

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	8.52%	8.52%	4.83%	3.72%	-	5.18%
Lipper Category Avg. New York Municipal Debt Funds	7.49%	7.49%	4.34%	3.33%	-	-
Bloomberg Barclays Municipal Bond Index	7.54%	7.54%	4.72%	3.53%	-	-

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	-	-	-	-	1.43%
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
Water & Sewer
GO Local
Lease
Power
Housing
GO State
Other
VRDN
Pre-Refunded

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 12/31/2019

Rating	Assets
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Positioning as of 09/30/2019

Relative to its benchmark, the Bloomberg Barclays Municipal Bond Index, the portfolio is underweight bonds in the 1- to 12-year maturity range, while maintaining an overweight to longer maturity bonds.
The portfolio is overweight the ‘BBB’ credit quality range due to relatively attractive spreads and solid credit fundamentals.
The portfolio continues to maintain an overweight to revenue bonds, specifically in the industrial development, special tax-backed, transportation, and education sectors.

Portfolio Details as of 12/31/2019

Total Net Assets: $470.89 M
Number of Issues: 314
Average Coupon: 4.7%
Average Effective Maturity: 17.7 Years
Average Effective Duration: 6.35 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

NY Transportation Dev Corp - LaGuardia Airport	5.250%	01/01/2050	2.0%
Liberty Development Corp - Goldman Sachs	5.250%	10/01/2035	1.6%
NY Liberty Dev Corp - 3 World Trade Ctr	5.000%	11/15/2044	1.6%
Dorm Auth of the St of New York	4.000%	07/01/2044	1.0%
New York Metropolitan Transit Authority	5.250%	11/15/2028	1.0%
NY Transportation Dev Corp - Delta	5.000%	01/01/2033	1.0%
NY Transportation Dev Corp - LaGuardia Airport	5.000%	07/01/2046	1.0%
Oneida County Local Development Corp	4.000%	12/01/2049	0.9%
Port Authority of New York & New Jersey	5.000%	11/15/2031	0.9%
Port Authority of New York & New Jersey	4.000%	09/01/2043	0.9%

% of Total Assets			11.9%

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

NY Transportation Dev Corp - LaGuardia Airport	5.250%	01/01/2050	2.0%
Liberty Development Corp - Goldman Sachs	5.250%	10/01/2035	1.6%
NY Liberty Dev Corp - 3 World Trade Ctr	5.000%	11/15/2044	1.6%
Dorm Auth of the St of New York	4.000%	07/01/2044	1.0%
New York Metropolitan Transit Authority	5.250%	11/15/2028	1.0%
NY Transportation Dev Corp - Delta	5.000%	01/01/2033	1.0%
NY Transportation Dev Corp - LaGuardia Airport	5.000%	07/01/2046	1.0%
Oneida County Local Development Corp	4.000%	12/01/2049	1.0%
Port Authority of New York & New Jersey	5.000%	11/15/2031	0.9%
Port Authority of New York & New Jersey	4.000%	09/01/2043	0.9%
NY Liberty Dev Corp - Goldman Sachs	5.500%	10/01/2037	0.9%
NY Dorm Auth - Personal Income Tax	5.000%	03/15/2032	0.8%
NY Transportation Dev Corp - Delta	4.000%	01/01/2036	0.8%
NY Transportation Dev Corp - American Airlines	5.000%	08/01/2031	0.8%
New York City General Obligation	5.000%	08/01/2029	0.8%
New York Dorm Auth - Personal Income Tax	5.000%	02/15/2041	0.8%
New York City Transitional Fin Auth	5.000%	08/01/2041	0.8%
New York City Indl Dev Agy	2.644%	03/01/2026	0.8%
Brooklyn Arena Local Dev Corp - Barclays Center	5.000%	07/15/2042	0.7%
Port Auth of New York & New Jersey	5.000%	09/15/2033	0.7%
Port Auth of New York & New Jersey	5.000%	11/15/2032	0.7%
New York City Mun Fin Auth	4.000%	06/15/2049	0.7%
New York City Transitional Fin Auth	5.000%	08/01/2042	0.7%
Metropolitan Transp Auth, NY	4.000%	11/15/2049	0.7%
Dorm Auth of the St of New York	4.000%	07/01/2045	0.7%
New York City Mun Fin Auth	5.000%	06/15/2046	0.7%
New York City	5.000%	12/01/2044	0.7%
New York City Transitional Fin Auth	5.000%	08/01/2040	0.7%
New York City Transitional Fin Auth	5.000%	02/01/2043	0.7%
Metropolitan Transp Auth, NY	5.000%	11/15/2028	0.7%
Puerto Rico General Obligation	5.375%	07/01/2030	0.6%
Brooklyn Arena Local Dev Corp.	5.000%	07/15/2030	0.6%
New York City Water & Sewer Auth	1.070%	06/15/2045	0.6%
Dorm Auth of the St of New York	3.000%	07/01/2042	0.6%
New York Transp Dev Corp.	5.000%	01/01/2036	0.6%
New York Liberty Dev Corp.	5.625%	07/15/2047	0.6%
NYS Tobacco Settlement Corp	5.000%	06/01/2048	0.6%
Erie Cnty Indl Dev Agy, NY	5.250%	05/01/2030	0.6%
Metropolitan Transp Auth, NY	5.000%	11/15/2023	0.6%
Long Island Pwr Auth, NY	5.250%	09/01/2029	0.6%
New York City Mun Fin Auth	5.000%	06/15/2036	0.6%
New York City Transitional Fin Auth	5.000%	11/01/2030	0.6%
Westchester Cnty Local Dev Corp.	5.000%	11/01/2046	0.5%
New York City Mun Fin Auth	5.000%	06/15/2049	0.5%
Dorm Auth of the St of New York	5.000%	02/15/2042	0.5%
Hudson Yards Infrastr Corp., NY	5.000%	02/15/2031	0.5%
New York City Transitional Fin Auth	5.000%	07/15/2035	0.5%
Dorm Auth of the St of New York	5.000%	03/15/2045	0.5%
Triborough Br & Tunnel Auth, NY	4.000%	11/15/2044	0.5%
Dorm Auth of the St of New York	5.000%	03/15/2043	0.5%
Hempstead Town Local Dev Corp., NY	4.000%	02/01/2039	0.5%
Dorm Auth of the St of New York	5.000%	03/15/2036	0.5%
Nassau Cnty Local Econ Assistance Corp.	5.000%	07/01/2028	0.5%
Jefferson County Civic Facility Development Corp	5.000%	11/01/2037	0.5%
Dorm Auth of the St of New York	5.000%	07/01/2040	0.5%
Long Island Pwr Auth, NY	5.000%	09/01/2034	0.5%
Dorm Auth of the St of New York	5.000%	12/01/2029	0.5%
New York State Urban Dev Corp.	4.000%	03/15/2043	0.5%
New York City Transitional Fin Auth	4.000%	05/01/2042	0.5%
New York State Urban Dev Corp.	5.000%	03/15/2033	0.5%
Triborough Br & Tunnel Auth, NY	4.000%	11/15/2048	0.5%
New York City Transitional Fin Auth	4.000%	05/01/2043	0.5%
Dutchess Cnty Local Dev Corp., NY	4.000%	07/01/2049	0.5%
Dorm Auth of the St of New York	0.000%	08/01/2021	0.5%
Nassau Cnty Local Econ Assistance Corp.	5.000%	07/01/2032	0.5%
Dorm Auth of the St of New York	4.000%	03/15/2048	0.5%
Erie Cnty Indl Dev Agy, NY	5.000%	05/01/2027	0.5%
New York City	5.000%	08/01/2026	0.5%
New York Transp Dev Corp.	4.000%	07/01/2046	0.5%
New York City Indl Dev Agy	5.000%	01/01/2031	0.5%
NY Dorm Auth - Mount Sinai Hospital	5.000%	07/01/2026	0.5%
Dorm Auth of the St of New York	5.125%	07/01/2030	0.4%
Buffalo Muni Wtr Fin Auth, NY	5.000%	07/01/2048	0.4%
Nassau Cnty Tobacco Settlement Corp.	5.125%	06/01/2046	0.4%
New York City Mun Fin Auth	5.000%	06/15/2048	0.4%
New York City Mun Fin Auth	5.000%	06/15/2036	0.4%
New York City	5.000%	08/01/2027	0.4%
New York St Thruway Auth	5.000%	01/01/2036	0.4%
New York City Indl Dev Agy	5.000%	07/01/2028	0.4%
New York City Hsg Dev Corp, NY	3.050%	05/01/2050	0.4%
New York Mtg Agy	2.950%	10/01/2049	0.4%
New York City Mun Fin Auth	5.000%	06/15/2035	0.4%
New York Transp Dev Corp.	5.000%	01/01/2034	0.4%
Dorm Auth of the St of New York	5.000%	07/01/2042	0.4%
New York City Transitional Fin Auth	4.000%	11/01/2042	0.4%
New York City	4.000%	10/01/2039	0.4%
Niagara Area Dev Corp., NY	4.750%	11/01/2042	0.4%
New York City Mun Fin Auth	5.250%	06/15/2037	0.4%
Westchester Tobacco Asset Securitization/NY	5.125%	06/01/2051	0.4%
New York City Transitional Fin Auth	5.000%	11/01/2032	0.4%
Dorm Auth of the St of New York	4.000%	08/01/2037	0.4%
Westchester Cnty Local Dev Corp.	4.000%	06/01/2033	0.4%
Metropolitan Transp Auth, NY	5.000%	11/15/2033	0.4%
New York State Urban Dev Corp.	4.000%	03/15/2047	0.4%
Dorm Auth of the St of New York	5.000%	07/01/2049	0.4%
Metropolitan Transp Auth, NY	5.000%	11/15/2030	0.4%
Dutchess Cnty Local Dev Corp., NY	5.000%	07/01/2035	0.4%
Port Auth of New York & New Jersey	5.000%	10/15/2027	0.4%
Metropolitan Transp Auth, NY	5.000%	11/15/2029	0.4%
New York City Mun Fin Auth	5.000%	06/15/2035	0.4%
St Lawrence Cnty Indus Dev Agy	6.000%	09/01/2034	0.4%
Port Auth of New York & New Jersey	6.000%	12/01/2042	0.4%
Suffolk Cnty, NY	5.000%	02/01/2025	0.4%
Triborough Br & Tunnel Auth, NY	5.000%	11/15/2023	0.4%
Metropolitan Transp Auth, NY	5.000%	11/15/2033	0.4%
New York State Urban Dev Corp.	5.000%	03/15/2036	0.4%
Dorm Auth of the St of New York	5.000%	01/01/2047	0.4%
Long Island Pwr Auth, NY	4.000%	09/01/2038	0.4%
Dorm Auth of the St of New York	5.500%	08/15/2026	0.4%
Dorm Auth of the St of New York	4.000%	03/15/2049	0.4%
New York City Transitional Fin Auth	5.000%	07/15/2025	0.4%
Metropolitan Transp Auth, NY	4.000%	11/15/2048	0.4%
New York Transp Dev Corp.	5.000%	01/01/2023	0.4%
New York City Transitional Fin Auth	5.000%	05/01/2043	0.4%
New York City	5.000%	04/01/2045	0.4%
Metropolitan Transp Auth, NY	5.000%	11/15/2033	0.4%
New York City	5.000%	10/01/2034	0.4%
Port Authority of New York & New Jersey	5.000%	10/01/2033	0.4%
Troy Capital Resources Corp., NY	5.000%	08/01/2032	0.4%
New York City Indl Dev Agy	4.500%	03/01/2039	0.3%
New York City Transitional Finance Auth - Future Tax	5.000%	02/01/2027	0.3%
New York City	5.000%	08/01/2027	0.3%
New York City	5.000%	08/01/2043	0.3%
New York City Mun Fin Auth	5.000%	06/15/2040	0.3%
New York City Transitional Fin Auth	5.000%	07/15/2027	0.3%
Build NYC Resource Corp., NY	4.000%	07/01/2049	0.3%
New York Mtg Agy	3.000%	10/01/2039	0.3%
Build NYC Resource Corp., NY	4.000%	07/01/2044	0.3%
Port Auth of New York & New Jersey	5.000%	11/15/2042	0.3%
New York Liberty Dev Corp.	2.800%	09/15/2069	0.3%
New York City Transitional Fin Auth	1.000%	02/01/2045	0.3%
New York St Envr Facs Corp.	2.875%	12/01/2044	0.3%
New York City Transitional Fin Auth	5.000%	05/01/2035	0.3%
Dorm Auth of the St of New York	5.000%	03/15/2027	0.3%
Build NYC Resource Corp., NY	5.000%	08/01/2042	0.3%
Dorm Auth of the St of New York	5.000%	02/15/2034	0.3%
Buffalo & Erie Cnty Indus Land Dev Corp., NY	5.750%	10/01/2026	0.3%
Suffolk Tobacco Asset Securitization Corp.	5.000%	06/01/2032	0.3%
New York State Urban Dev Corp.	4.000%	03/15/2044	0.3%
Dutchess Cnty Local Dev Corp., NY	4.000%	07/01/2044	0.3%
Suffolk Tobacco Asset Securitization Corp.	6.000%	06/01/2048	0.3%
Dorm Auth of the St of New York	5.250%	01/01/2034	0.3%
Build NYC Resource Corp., NY	5.000%	08/01/2033	0.3%
Westchester Cnty Local Dev Corp.	5.000%	01/01/2034	0.3%
Triborough Br & Tunnel Auth, NY	5.000%	11/15/2047	0.3%
Metropolitan Transp Auth, NY	5.000%	11/15/2029	0.3%
Metropolitan Transp Auth, NY	5.250%	11/15/2031	0.3%
Port Auth of New York & New Jersey	5.000%	10/15/2024	0.3%
Port Auth of New York & New Jersey	5.000%	10/15/2041	0.3%
Hudson Yards Infrastr Corp., NY	5.000%	02/15/2033	0.3%
Dorm Auth of the St of New York	5.000%	07/01/2028	0.3%
Dorm Auth of the St of New York	5.000%	07/01/2029	0.3%
Port Auth of New York & New Jersey	6.000%	12/01/2042	0.3%
Erie Cnty Indl Dev Agy, NY	5.000%	05/01/2028	0.3%
Suffolk Tobacco Asset Securitization Corp.	5.250%	06/01/2037	0.3%
Port Auth of New York & New Jersey	5.000%	09/15/2028	0.3%
Port Auth of New York & New Jersey	5.000%	04/01/2036	0.3%
Hudson Yards Infrastr Corp., NY	5.000%	02/15/2042	0.3%
New York City	5.000%	08/01/2026	0.3%
New York City Mun Fin Auth	5.250%	06/15/2047	0.3%
Long Island Pwr Auth, NY	5.000%	09/01/2047	0.3%
Metropolitan Transp Auth, NY	5.000%	11/15/2034	0.3%
Port Auth of New York & New Jersey	5.000%	09/15/2034	0.3%
New York State Urban Dev Corp.	5.000%	03/15/2040	0.3%
New York City	5.000%	10/01/2039	0.3%
Triborough Br & Tunnel Auth, NY	5.000%	11/15/2038	0.3%
Dorm Auth of the St of New York	5.000%	02/15/2039	0.3%
Port Auth of New York & New Jersey	5.000%	10/15/2033	0.3%
TSASC, Inc.	5.000%	06/01/2034	0.3%
Dorm Auth of the St of New York	5.000%	03/15/2026	0.3%
Dorm Auth of the St of New York	5.000%	07/01/2039	0.3%
Dorm Auth of the St of New York	5.000%	07/01/2034	0.3%
New York City Transitional Finance Auth - Future Tax	1.100%	08/01/2031	0.3%
Dorm Auth of the St of New York	5.000%	12/01/2026	0.3%
Dorm Auth of the St of New York	5.000%	05/01/2028	0.3%
Westchester Cnty Local Dev Corp.	5.000%	06/01/2047	0.3%
Dorm Auth of the St of New York	5.000%	10/01/2027	0.3%
Build NYC Resource Corp., NY	5.000%	06/01/2040	0.3%
Metropolitan Transp Auth, NY	5.250%	11/15/2029	0.3%
Metropolitan Transp Auth, NY	5.000%	11/15/2041	0.2%
Long Island Pwr Auth, NY	5.000%	09/01/2039	0.2%
Dorm Auth of the St of New York	4.000%	07/01/2045	0.2%
Westchester Cnty Local Dev Corp.	5.000%	11/01/2033	0.2%
New York City Transitional Fin Auth	4.000%	08/01/2039	0.2%
Niagara Frontier Transp Auth, NY	5.000%	04/01/2027	0.2%
Yonkers Econ Dev Corp., NY	6.250%	10/15/2040	0.2%
Build NYC Resource Corp., NY	5.000%	07/01/2041	0.2%
New York St Thruway Auth	4.000%	01/01/2041	0.2%
Long Island Pwr Auth, NY	4.000%	09/01/2039	0.2%
Westchester Cnty Local Dev Corp.	5.000%	11/01/2034	0.2%
Genesee Cnty Indus Dev Agy	5.000%	12/01/2032	0.2%
Buffalo & Erie Cnty Indus Land Dev Corp., NY	5.000%	11/15/2037	0.2%
Monroe Cnty Indus Dev Corp., NY	4.000%	07/01/2043	0.2%
Long Island Pwr Auth, NY	5.000%	09/01/2025	0.2%
Onondaga Civic Dev Corp., NY	5.500%	12/01/2031	0.2%
New York Liberty Dev Corp.	5.000%	09/15/2040	0.2%
Hudson Yards Infrastr Corp., NY	5.750%	02/15/2047	0.2%
Puerto Rico Sales Tax Fincg Corp	4.750%	07/01/2053	0.2%
Dorm Auth of the St of New York	5.000%	09/01/2026	0.2%
Southold Local Dev Corp.	5.000%	12/01/2045	0.2%
New York Liberty Dev Corp.	5.000%	11/15/2031	0.2%
New York St Br Auth	4.000%	01/01/2027	0.2%
New York City Hsg Dev Corp, NY	4.500%	02/15/2048	0.2%
Erie Cnty Indl Dev Agy, NY	5.250%	05/01/2032	0.2%
Niagara Frontier Transp Auth, NY	5.000%	04/01/2036	0.2%
New York City Hlth & Hosp Corp.	5.000%	02/15/2025	0.2%
Tompkins Cnty Dev Corp,, NY	5.000%	07/01/2044	0.2%
Dorm Auth of the St of New York	5.000%	05/01/2023	0.2%
New York City Transitional Fin Auth	1.100%	11/01/2022	0.2%
NYC Capital Resource Corp - Arthur Corp	7.000%	08/01/2025	0.2%
Hempstead Town Local Dev Corp., NY	5.000%	07/01/2034	0.2%
Dorm Auth of the St of New York	5.000%	07/01/2032	0.2%
Puerto Rico Elec Pwr Auth	5.750%	07/01/2036	0.2%
Dorm Auth of the St of New York	5.000%	07/01/2028	0.2%
Port Auth of New York & New Jersey	6.000%	12/01/2036	0.2%
Dorm Auth of the St of New York	5.000%	07/01/2033	0.2%
New York City Transitional Fin Auth	1.000%	08/01/2042	0.2%
Metropolitan Transp Auth, NY	5.000%	11/15/2028	0.2%
Puerto Rico Sales Tax Financing Corporation	5.000%	07/01/2058	0.2%
Niagara Frontier Transp Auth, NY	5.000%	04/01/2038	0.2%
Port Auth of New York & New Jersey	4.000%	11/01/2059	0.2%
Metropolitan Transp Auth, NY	5.000%	11/15/2028	0.2%
Syracuse, NY	4.000%	05/15/2034	0.2%
Suffolk Tobacco Asset Securitization Corp.	6.625%	06/01/2044	0.2%
Dutchess Cnty Local Dev Corp., NY	6.000%	10/01/2030	0.2%
Hempstead Town Local Dev Corp., NY	5.000%	07/01/2037	0.2%
Buffalo & Fort Erie Public Bridge Auth	5.000%	01/01/2034	0.2%
Nassau Cnty Local Econ Assistance Corp.	5.000%	07/01/2027	0.2%
Triborough Br & Tunnel Auth, NY	5.000%	11/15/2028	0.2%
Buffalo Muni Wtr Fin Auth, NY	5.000%	07/01/2043	0.2%
New York Liberty Dev Corp.	7.250%	11/15/2044	0.2%
Nassau Cnty Local Econ Assistance Corp.	5.000%	07/01/2033	0.1%
Dorm Auth of the St of New York	5.000%	07/01/2035	0.1%
Hempstead Town Local Dev Corp., NY	5.000%	07/01/2039	0.1%
Hempstead Town Local Dev Corp., NY	5.000%	07/01/2042	0.1%
Dorm Auth of the St of New York	5.000%	08/01/2035	0.1%
Build NYC Resource Corp., NY	5.000%	08/01/2040	0.1%
Triborough Br & Tunnel Auth, NY	5.000%	11/15/2027	0.1%
Dorm Auth of the St of New York	5.000%	07/01/2028	0.1%
Dutchess Cnty Local Dev Corp., NY	5.000%	07/01/2034	0.1%
Puerto Rico Sales Tax Fincg Corp	4.329%	07/01/2040	0.1%
Dorm Auth of the St of New York	5.000%	07/01/2032	0.1%
Guam Pwr Auth	5.000%	10/01/2021	0.1%
Westchester Cnty Local Dev Corp.	5.000%	07/01/2042	0.1%
Guam Pwr Auth	5.000%	10/01/2020	0.1%
Puerto Rico Aqueduct & Swr Auth	6.000%	07/01/2044	0.1%
Erie Tobacco Asset Securitization Corp	0.000%	06/01/2055	0.1%
Puerto Rico Sales Tax Fincg Corp	4.329%	07/01/2040	0.1%
Rockland Tobacco Asset Securitization Corp	0.000%	08/15/2060	0.1%
Guam Waterworks Auth	5.000%	07/01/2036	0.1%
Dutchess Cnty Local Dev Corp., NY	5.000%	07/01/2033	0.1%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2046	0.1%
Monroe Cnty Indus Dev Corp., NY	5.000%	07/01/2031	0.1%
Port Auth of New York & New Jersey	5.000%	09/15/2048	0.1%
Port Auth of New York & New Jersey	6.000%	12/01/2036	0.1%
Albany Capital Resource Corp.	5.000%	05/01/2030	0.1%
Niagara Frontier Transp Auth, NY	5.000%	04/01/2039	0.1%
Dorm Auth of the St of New York	4.000%	08/01/2036	0.1%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2051	0.1%
Metropolitan Transp Auth, NY	5.000%	11/15/2027	0.1%
Dorm Auth of the St of New York	5.000%	08/01/2034	0.1%
Dorm Auth of the St of New York	4.000%	08/01/2038	0.1%
Buffalo & Erie Cnty Indus Land Dev Corp., NY	5.000%	07/01/2025	0.1%
Erie Tobacco Asset Securitization Corp	0.000%	06/01/2060	0.1%
TSASC, Inc.	5.000%	06/01/2035	0.1%
TSASC, Inc.	5.000%	06/01/2041	0.1%
Monroe Tobacco Asset Securitization Corp	0.000%	06/01/2061	0.1%
Erie Cnty, NY	5.000%	09/15/2028	0.1%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2031	0.1%
Dutchess Cnty Local Dev Corp., NY	5.000%	07/01/2046	0.1%
Port Auth of New York & New Jersey	5.500%	12/01/2031	0.1%
Dutchess Cnty Local Dev Corp., NY	5.000%	07/01/2034	0.1%
Dorm Auth of the St of New York	5.000%	07/01/2027	0.1%
Monroe Cnty Indus Dev Corp., NY	5.000%	12/01/2034	0.1%
Albany Capital Resource Corp.	5.000%	05/01/2032	0.1%
New Rochelle Local Dev Corp, NY	5.000%	07/01/2029	0.1%
New York City Indl Dev Agy	0.000%	03/01/2044	0.1%
Build NYC Resource Corp., NY	4.500%	01/01/2025	0.1%
Build NYC Resource Corp., NY	5.000%	01/01/2035	0.1%
New Rochelle Local Dev Corp, NY	5.000%	07/01/2030	0.1%
Dorm Auth of the St of New York	5.000%	08/01/2033	0.1%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2033	0.1%
Port Auth of New York & New Jersey	5.500%	12/01/2031	0.1%
New Rochelle Local Dev Corp, NY	5.000%	07/01/2028	0.1%
Westchester Cnty Local Dev Corp.	5.000%	07/01/2034	0.1%
Dutchess Cnty Local Dev Corp., NY	5.000%	07/01/2041	0.1%
New Rochelle Local Dev Corp, NY	5.000%	07/01/2031	0.1%
New York St Thruway Auth	5.000%	01/01/2032	0.0%
Puerto Rico Sales Tax Fincg Corp	4.784%	07/01/2058	0.0%
New York City Indl Dev Agy	0.000%	03/01/2043	0.0%
Puerto Rico Sales Tax Fincg Corp	4.550%	07/01/2040	0.0%
Westchester Cnty Hlthcare Corp., NY	6.125%	11/01/2037	0.0%
Puerto Rico	6.125%	07/01/2033	0.0%
New York City Transitional Finance Authority	5.000%	05/01/2034	0.0%
TSASC, Inc.	5.000%	06/01/2036	0.0%
New York City Indl Dev Agy	0.000%	03/01/2047	0.0%
Puerto Rico	5.125%	07/01/2028	0.0%
Westchester Cnty Hlthcare Corp., NY	6.000%	11/01/2030	0.0%
Puerto Rico Infrastr Fing Auth	6.500%	10/01/2037	0.0%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2027	0.0%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2029	0.0%
Brooklyn Arena Local Dev Corp.	0.000%	07/15/2047	0.0%
Port Authority of NY & NJ - JFK International Airport	5.000%	12/01/2020	0.0%
Puerto Rico Sales Tax Fincg Corp	0.000%	07/01/2024	0.0%
Puerto Rico Sales Tax Fincg Corp	4.536%	07/01/2053	0.0%
Puerto Rico	5.000%	07/01/2027	0.0%
Westchester Cnty Hlthcare Corp., NY	6.125%	11/01/2037	0.0%
Puerto Rico	5.500%	07/01/2027	0.0%
Dorm Auth of the St of New York	4.000%	05/01/2022	0.0%
Dorm Auth of the St of New York	5.000%	05/01/2023	0.0%
Brooklyn Arena Local Dev Corp.	6.000%	07/15/2030	0.0%
US 20YR Treasury Future Mar 2010	-	-	0.0%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 01/23/2020: $0
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	12/31/2019	$0.02468	$11.75
Daily	Daily	11/30/2019	$0.02490	$11.73
Daily	Daily	10/31/2019	$0.02453	$11.74
Daily	Daily	09/30/2019	$0.02510	$11.78
Daily	Daily	08/31/2019	$0.02488	$11.90
Daily	Daily	07/31/2019	$0.02534	$11.70
Daily	Daily	06/30/2019	$0.02608	$11.63
Daily	Daily	05/31/2019	$0.02599	$11.61
Daily	Daily	04/30/2019	$0.02637	$11.47
Daily	Daily	03/31/2019	$0.02628	$11.42
Daily	Daily	02/28/2019	$0.02911	$11.24
Daily	Daily	01/31/2019	$0.02595	$11.18

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	01/31/2020
Daily	Daily	02/29/2020
Daily	Daily	03/31/2020
Daily	Daily	04/30/2020
Daily	Daily	05/31/2020
Daily	Daily	06/30/2020
Daily	Daily	07/31/2020
Daily	Daily	08/31/2020
Daily	Daily	09/30/2020
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 12/31/2019

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

Lord Abbett aspires to be the most respected asset manager in the world. Rooted in the values that have shaped the firm since our founding in 1929, our vision continues to guide our actions and strengthen our culture.

Career Opportunities

Error!

Error!

Error!

Tracked Funds

Quick Links

Pending Orders

LOG IN TO CONTINUE

LOG IN

QUICK LINKS

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 01/23/2020

30-Day Standardized Yield 2 as of 12/31/2019

Fund Basicsas of 12/31/2019

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 12/31/2019 View Portfolio

Investment Team

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 01/23/2020

30-Day Standardized Yield 2 as of 12/31/2019

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 12/31/2019

Portfolio Positioning as of 09/30/2019

Portfolio Details as of 12/31/2019

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 12/31/2019

Fund Documents

Fund Documents

Coming Soon.......

Please confirm your literature shipping address

Dividend Yield ¹ as of 01/23/2020

30-Day Standardized Yield ² as of 12/31/2019

Dividend Yield ¹ as of 01/23/2020

30-Day Standardized Yield ² as of 12/31/2019