NYLIX | New York Tax Free Fund Class I | Lord Abbett

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New York Tax Free Fund

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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 12/07/2022  

w/o sales charge 3.10%

30-Day Standardized Yield 2 as of 11/30/2022  

3.86%

Fund Basicsas of 10/31/2022

Total Net Assets
$408.70 M
Inception Date
01/31/2011
Dividend Frequency
Monthly
Fund Expense Ratio
0.57%
Number of Holdings
316
Minimum Initial Investment

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2011
w/o sales charge -12.93% -12.77% -1.75% 0.96% 1.73% 3.36%
Lipper Category Avg. New York Municipal Debt Funds -11.17% -11.01% -1.54% 0.83% 1.43% -
Bloomberg Municipal Bond Index -8.79% -8.64% -0.77% 1.40% 1.98% 3.29%

Fund Expense Ratio :

0.57%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2011
w/o sales charge -16.75% -15.73% -3.21% -0.09% 1.53% 3.02%
Lipper Category Avg. New York Municipal Debt Funds -14.74% -13.86% -2.87% -0.10% 1.26% -
Bloomberg Municipal Bond Index -12.13% -11.50% -1.85% 0.59% 1.79% 3.01%

Fund Expense Ratio :

0.57%

RELATED CONTENT

Three Muni Market Drivers
November 15, 2021

Lord Abbett Partner and Director, Daniel Solender breaks down how demand, supply, and the infrastructure bill are shaping today’s municipal bond market.

The Muni Quarterly

The Muni Quarterly offers insights from our analysts on key topics for municipal bond investors, along with essential market information.

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

Credit Quality Distribution as of 10/31/2022 View Portfolio

Rating Assets
AAA
AA
A
BBB
< BBB
Not Rated

INVESTMENT TEAM

Daniel S. Solender
Daniel S. Solender, CFA

Partner & Director

35 Years of Industry Experience

Philip B. Herman
Philip B. Herman

Partner, Portfolio Manager

23 Years of Industry Experience

Supported By 14 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

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Performance

Performance

Dividend Yield 1 as of 12/07/2022  

w/o sales charge 3.10%

30-Day Standardized Yield 2 as of 11/30/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.86% 3.86%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2011
w/o sales charge -12.93% -12.77% -1.75% 0.96% 1.73% 3.36%
Lipper Category Avg. New York Municipal Debt Funds -11.17% -11.01% -1.54% 0.83% 1.43% -
Bloomberg Municipal Bond Index -8.79% -8.64% -0.77% 1.40% 1.98% 3.29%

Fund Expense Ratio :

0.57%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2011
w/o sales charge -16.75% -15.73% -3.21% -0.09% 1.53% 3.02%
Lipper Category Avg. New York Municipal Debt Funds -14.74% -13.86% -2.87% -0.10% 1.26% -
Bloomberg Municipal Bond Index -12.13% -11.50% -1.85% 0.59% 1.79% 3.01%

Fund Expense Ratio :

0.57%

Year Fund Returns Bloomberg Municipal Bond Index
2021 3.62% 1.52%
2020 4.73% 5.21%
2019 8.49% 7.54%
2018 1.09% 1.28%
2017 4.98% 5.45%
2016 0.73% 0.25%
2015 3.35% 3.30%
2014 11.67% 9.05%
2013 -4.79% -2.55%
2012 10.85% 6.78%
2011 10.81% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -7.66% -5.53% -4.56% - -11.96%
2021 0.10% 3.02% -0.74% 1.24% 3.62%
2020 -2.38% 2.68% 0.79% 3.66% 4.73%
2019 3.43% 2.53% 1.93% 0.37% 8.49%
2018 -0.92% 1.04% -0.13% 1.10% 1.09%
2017 1.64% 2.05% 0.72% 0.49% 4.98%
2016 1.92% 3.36% 0.01% -4.38% 0.73%
2015 1.02% -1.03% 1.55% 1.80% 3.35%
2014 4.30% 3.13% 2.23% 1.55% 11.67%
2013 0.24% -4.03% -0.93% -0.11% -4.79%
2012 3.92% 2.32% 3.08% 1.14% 10.85%
2011 - 4.41% 2.93% 1.55% 10.81%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

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

Credit Quality Distribution as of 10/31/2022

Rating Assets
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Details as of 10/31/2022

Total Net Assets
$408.70 M
Number of Issues
316
Average Coupon
4.6%
Average Effective Maturity
18.3 Years
Average Effective Duration
9.91 Years
Average Yield to Worst
5.04%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 12/07/2022
$0.273
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2022 $0.02687 $10.31
Daily Daily 10/31/2022 $0.02619 $9.73
Daily Daily 09/30/2022 $0.02573 $9.91
Daily Daily 08/31/2022 $0.02493 $10.45
Daily Daily 07/31/2022 $0.02515 $10.78
Daily Daily 06/30/2022 $0.02497 $10.46
Daily Daily 05/31/2022 $0.02442 $10.82
Daily Daily 04/30/2022 $0.02467 $10.70
Daily Daily 03/31/2022 $0.02393 $11.15
Daily Daily 02/28/2022 $0.02434 $11.62
Daily Daily 01/31/2022 $0.02264 $11.74

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 12/31/2022

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

Upcoming Capital Gain Distribution

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
12/21/2022 12/22/2022

Fees & Expenses

Fees & Expenses

Expense Ratioas of 11/30/2022

0.57%

Fund Documents

Fund Documents

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Publish Date:11/03/2015
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The Bloomberg 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.

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