New York Tax Free Fund
Daily price w/o sales charge as of 12/11/2018
$11.08
$0.01
YTD Returns w/o sales charge as of 12/11/2018
0.44%
Overall Morningstar RatingsMuni New York Long
as of 11/30/2018
Morningstar rated the Lord Abbett New York Tax Free Fund class A share 3, 3 and 4 stars among 66, 64 and 48 Muni New York Long Funds for the overall rating and the 3, 5 and 10 year periods ended 11/30/2018, respectively.
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
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 12/11/2018
| w/o sales charge | 2.65% |
| w/ sales charge | 2.59% |
30-Day Standardized Yield 2 as of 11/30/2018
| 2.52% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Basicsas of 10/31/2018
- Total Net Assets
- $332.21 M
- Inception Date
- 04/02/1984
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 248
- CUSIP
- 543902209
- Minimum Initial Investment
- $1,000+
Expense Ratioas of 11/30/2018
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 Expense Ratio :
0.79%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/02/1984 |
|---|
| w/o sales charge | -0.09% | 1.09% | 1.98% | 3.75% | 5.59% | 6.03% |
| Lipper Category Avg. New York Municipal Debt Funds | -0.20% | 0.83% | 1.83% | 3.48% | 4.81% | - |
| Bloomberg Barclays Municipal Bond Index | 0.08% | 1.13% | 2.13% | 3.52% | 4.88% | - |
| w/ sales charge | -2.34% | -1.20% | 1.21% | 3.28% | 5.35% | 5.96% |
Fund Expense Ratio :
0.79%
Fund Expense Ratio :
0.79%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/02/1984 |
|---|
| w/o sales charge | -0.08% | 0.36% | 2.31% | 3.85% | 5.00% | 6.06% |
| Lipper Category Avg. New York Municipal Debt Funds | -0.15% | 0.35% | 2.14% | 3.59% | 4.37% | - |
| Bloomberg Barclays Municipal Bond Index | -0.40% | 0.35% | 2.24% | 3.54% | 4.75% | - |
| w/ sales charge | -2.32% | -1.90% | 1.53% | 3.39% | 4.76% | 5.99% |
Fund Expense Ratio :
0.79%
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 of future results.
RELATED CONTENT
| Sector | Assets |
|---|---|
| Transportation | |
| Special Tax | |
| IDR/PCR | |
| Education | |
| Healthcare/Hospital | |
| Water & Sewer | |
| GO Local | |
| Lease | |
| Pre-Refunded | |
| Power | |
| Housing | |
| VRDN | |
| Resource Recovery |
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 10/31/2018 View Portfolio
| Rating | Assets |
|---|---|
| A-1/MIG1 | |
| A-2/MIG2 | |
| 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
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Performance
Performance
Dividend Yield 1 as of 12/11/2018
| w/o sales charge | 2.65% |
| w/ sales charge | 2.59% |
30-Day Standardized Yield 2 as of 11/30/2018
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 2.52% | 2.52% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
0.79%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/02/1984 |
|---|
| w/o sales charge | -0.09% | 1.09% | 1.98% | 3.75% | 5.59% | 6.03% |
| Lipper Category Avg. New York Municipal Debt Funds | -0.20% | 0.83% | 1.83% | 3.48% | 4.81% | - |
| Bloomberg Barclays Municipal Bond Index | 0.08% | 1.13% | 2.13% | 3.52% | 4.88% | - |
| w/ sales charge | -2.34% | -1.20% | 1.21% | 3.28% | 5.35% | 5.96% |
Fund Expense Ratio :
0.79%
Fund Expense Ratio :
0.79%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/02/1984 |
|---|
| w/o sales charge | -0.08% | 0.36% | 2.31% | 3.85% | 5.00% | 6.06% |
| Lipper Category Avg. New York Municipal Debt Funds | -0.15% | 0.35% | 2.14% | 3.59% | 4.37% | - |
| Bloomberg Barclays Municipal Bond Index | -0.40% | 0.35% | 2.24% | 3.54% | 4.75% | - |
| w/ sales charge | -2.32% | -1.90% | 1.53% | 3.39% | 4.76% | 5.99% |
Fund Expense Ratio :
0.79%
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 of future results.
| Year | Fund Returns | Bloomberg Barclays Municipal Bond Index |
|---|
| 2017 | 4.68% | 5.45% |
| 2016 | 0.54% | 0.25% |
| 2015 | 3.24% | 3.30% |
| 2014 | 11.35% | 9.05% |
| 2013 | -4.90% | -2.55% |
| 2012 | 10.52% | 6.78% |
| 2011 | 9.38% | 10.70% |
| 2010 | 1.28% | 2.38% |
| 2009 | 22.90% | 12.91% |
| 2008 | -12.60% | -2.47% |
| 2007 | 0.10% | - |
| 2006 | 4.65% | - |
| 2005 | 2.75% | - |
| 2004 | 4.09% | - |
| 2003 | 4.43% | - |
| 2002 | 9.49% | - |
| 2001 | 4.27% | - |
| 2000 | 13.96% | - |
| 1999 | -4.65% | - |
| 1998 | 6.10% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2018 | -0.97% | 1.08% | -0.17% | - | 0.44% |
| 2017 | 1.50% | 2.00% | 0.67% | 0.43% | 4.68% |
| 2016 | 1.79% | 3.32% | -0.05% | -4.35% | 0.54% |
| 2015 | 1.05% | -1.17% | 1.50% | 1.84% | 3.24% |
| 2014 | 4.25% | 3.08% | 2.18% | 1.41% | 11.35% |
| 2013 | 0.28% | -4.16% | -0.98% | -0.06% | -4.90% |
| 2012 | 3.85% | 2.26% | 2.94% | 1.09% | 10.52% |
| 2011 | 0.42% | 4.35% | 2.76% | 1.58% | 9.38% |
| 2010 | 1.83% | 1.14% | 3.96% | -5.41% | 1.28% |
| 2009 | 6.89% | 5.71% | 9.49% | -0.66% | 22.90% |
| 2008 | -2.16% | 1.32% | -6.36% | -5.84% | -12.60% |
| 2007 | 0.60% | -0.84% | 0.54% | -0.20% | 0.10% |
| 2006 | 0.10% | -0.21% | 3.56% | 1.17% | 4.65% |
| 2005 | -0.19% | 2.83% | -0.35% | 0.45% | 2.75% |
| 2004 | 1.68% | -2.61% | 3.94% | 1.13% | 4.09% |
| 2003 | 0.70% | 2.86% | -0.54% | 1.35% | 4.43% |
| 2002 | 1.09% | 2.95% | 5.69% | -0.47% | 9.49% |
| 2001 | 1.62% | 0.74% | 2.31% | -0.45% | 4.27% |
| 2000 | 3.43% | 1.06% | 2.53% | 6.32% | 13.96% |
| 1999 | 0.88% | -2.24% | -1.92% | -1.41% | -4.65% |
| 1998 | 1.17% | 1.63% | 3.16% | 0.03% | 6.10% |
| 1997 | -0.53% | 3.36% | 2.65% | 2.79% | 8.49% |
| 1996 | -1.59% | 0.77% | 2.15% | 2.34% | 3.69% |
| 1995 | 7.12% | 2.56% | 1.95% | 3.50% | 15.92% |
| 1994 | -5.92% | -1.02% | 0.02% | -2.59% | -9.25% |
| 1993 | 4.65% | 3.30% | 3.51% | 0.74% | 12.69% |
| 1992 | 0.00% | 4.51% | 2.30% | 1.83% | 8.86% |
| 1991 | 2.42% | 2.48% | 4.65% | 3.55% | 13.73% |
| 1990 | -0.01% | 2.59% | -0.29% | 3.88% | 6.26% |
| 1989 | 0.19% | 6.28% | -0.30% | 2.95% | 9.30% |
| 1988 | 2.79% | 2.60% | 3.40% | 2.79% | 12.07% |
| 1987 | 2.57% | -4.51% | -2.76% | 5.45% | 0.46% |
| 1986 | 8.07% | -1.15% | 4.79% | 5.19% | 17.74% |
| 1985 | 4.02% | 8.64% | -1.45% | 8.21% | 20.48% |
| 1984 | - | - | 5.11% | 3.62% | 6.66% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 11/30/2018
The chart begins on the Fund's inception date of 04/02/1984.
Based on a hypothetical Class A share investment of $10,000 on 04/02/1984 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Sector | Assets |
|---|---|
| Transportation | |
| Special Tax | |
| IDR/PCR | |
| Education | |
| Healthcare/Hospital | |
| Water & Sewer | |
| GO Local | |
| Lease | |
| Pre-Refunded | |
| Power | |
| Housing | |
| VRDN | |
| Resource Recovery |
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 10/31/2018
| Rating | Assets |
|---|---|
| A-1/MIG1 | |
| A-2/MIG2 | |
| 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.
Portfolio Details as of 10/31/2018
- Total Net Assets
- $332.21 M
- Number of Issues
- 248
- Average Coupon
- 5.0%
- Average Effective Maturity
- 16.5 Years
- Average Effective Duration
- 7.20 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 | 2.7% |
| NY Liberty Dev Corp - Goldman Sachs | 5.250% | 10/01/2035 | 2.0% |
| NY Liberty Dev Corp - 3 World Trade Ctr | 5.000% | 11/15/2044 | 1.9% |
| New York Metropolitan Transit Authority | 5.250% | 11/15/2028 | 1.3% |
| NY Transportation Dev Corp - LaGuardia Airport | 5.000% | 07/01/2046 | 1.3% |
| NY Transportation Dev Corp - Delta | 5.000% | 01/01/2033 | 1.2% |
| NY Transportation Dev Corp - American Airlines | 5.000% | 08/01/2031 | 1.1% |
| New York State UDC - Personal Income Tax | 5.000% | 12/15/2028 | 1.1% |
| New York City General Obligation | 5.000% | 08/01/2029 | 1.0% |
| NY Transportation Dev Corp - Delta | 4.000% | 01/01/2036 | 1.0% |
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 | 2.7% |
| NY Liberty Dev Corp - Goldman Sachs | 5.250% | 10/01/2035 | 2.0% |
| NY Liberty Dev Corp - 3 World Trade Ctr | 5.000% | 11/15/2044 | 1.9% |
| New York Metropolitan Transit Authority | 5.250% | 11/15/2028 | 1.3% |
| NY Transportation Dev Corp - LaGuardia Airport | 5.000% | 07/01/2046 | 1.3% |
| NY Transportation Dev Corp - Delta | 5.000% | 01/01/2033 | 1.2% |
| NY Transportation Dev Corp - American Airlines | 5.000% | 08/01/2031 | 1.1% |
| New York State UDC - Personal Income Tax | 5.000% | 12/15/2028 | 1.1% |
| New York City General Obligation | 5.000% | 08/01/2029 | 1.0% |
| NY Transportation Dev Corp - Delta | 4.000% | 01/01/2036 | 1.0% |
| New York Dorm Auth - Personal Income Tax | 5.000% | 02/15/2041 | 1.0% |
| Brooklyn Arena Local Dev Corp - Barclays Center | 5.000% | 07/15/2042 | 1.0% |
| New York Liberty Dev Corp. | 5.500% | 10/01/2037 | 0.9% |
| New York Liberty Dev Corp. | 5.625% | 07/15/2047 | 0.9% |
| New York City Transitional Fin Auth | 5.000% | 08/01/2040 | 0.8% |
| Erie Cnty Indl Dev Agy, NY | 5.250% | 05/01/2030 | 0.8% |
| Brooklyn Arena Local Dev Corp. | 5.000% | 07/15/2030 | 0.8% |
| Metropolitan Transp Auth, NY | 5.000% | 11/15/2023 | 0.8% |
| New York City Transitional Fin Auth | 5.000% | 02/01/2043 | 0.8% |
| NYS Tobacco Settlement Corp | 5.000% | 06/01/2048 | 0.8% |
| Port Auth of New York & New Jersey | 5.000% | 09/15/2033 | 0.8% |
| New York City Transitional Fin Auth | 5.000% | 08/01/2042 | 0.8% |
| New York City Mun Fin Auth | 5.000% | 06/15/2036 | 0.8% |
| New York Transp Dev Corp. | 5.000% | 01/01/2036 | 0.8% |
| Puerto Rico General Obligation | 5.375% | 07/01/2030 | 0.7% |
| Metropolitan Transp Auth, NY | 5.000% | 11/15/2028 | 0.7% |
| New York City Transitional Fin Auth | 5.000% | 11/01/2030 | 0.7% |
| Puerto Rico Sales Tax Financing Corp | 5.750% | 08/01/2037 | 0.7% |
| Dorm Auth of the St of New York | 5.000% | 02/15/2042 | 0.7% |
| Hudson Yards Infrastr Corp., NY | 5.000% | 02/15/2031 | 0.7% |
| New York City Transitional Fin Auth | 5.000% | 07/15/2035 | 0.7% |
| Nassau Cnty Local Econ Assistance Corp. | 5.000% | 07/01/2028 | 0.7% |
| Dorm Auth of the St of New York | 5.000% | 03/15/2043 | 0.7% |
| Dorm Auth of the St of New York | 5.000% | 03/15/2036 | 0.7% |
| Long Island Pwr Auth, NY | 5.000% | 09/01/2034 | 0.7% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2040 | 0.7% |
| New York State Urban Dev Corp. | 5.000% | 03/15/2033 | 0.7% |
| Jefferson County Civic Facility Development Corp | 5.000% | 11/01/2037 | 0.7% |
| NY Dorm Auth - Mount Sinai Hospital | 5.000% | 07/01/2026 | 0.6% |
| Nassau Cnty Local Econ Assistance Corp. | 5.000% | 07/01/2032 | 0.6% |
| Dorm Auth of the St of New York | 5.125% | 07/01/2030 | 0.6% |
| Dorm Auth of the St of New York | 5.000% | 12/01/2029 | 0.6% |
| Dorm Auth of the St of New York | 0.000% | 08/01/2021 | 0.6% |
| New York City Indl Dev Agy | 5.000% | 01/01/2031 | 0.6% |
| Port Auth of New York & New Jersey | 5.000% | 11/15/2032 | 0.6% |
| New York St Envr Facs Corp. | 5.000% | 06/15/2029 | 0.6% |
| Erie Cnty Indl Dev Agy, NY | 5.000% | 05/01/2027 | 0.6% |
| New York City | 5.000% | 08/01/2026 | 0.6% |
| Nassau Cnty Tobacco Settlement Corp. | 5.125% | 06/01/2046 | 0.6% |
| Triborough Br & Tunnel Auth, NY | 4.000% | 11/15/2048 | 0.6% |
| New York City Transitional Fin Auth | 5.000% | 08/01/2037 | 0.6% |
| New York City Mun Fin Auth | 5.000% | 06/15/2036 | 0.6% |
| New York City Indl Dev Agy | 5.000% | 07/01/2028 | 0.6% |
| New York St Thruway Auth | 5.000% | 01/01/2036 | 0.6% |
| New York City | 5.000% | 08/01/2027 | 0.6% |
| New York City Mun Fin Auth | 5.000% | 06/15/2035 | 0.6% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2029 | 0.5% |
| Westchester Tobacco Asset Securitization/NY | 5.125% | 06/01/2051 | 0.5% |
| St Lawrence Cnty Indus Dev Agy | 6.000% | 09/01/2034 | 0.5% |
| Port Auth of New York & New Jersey | 6.000% | 12/01/2042 | 0.5% |
| New York City Mun Fin Auth | 5.000% | 06/15/2046 | 0.5% |
| New York City Mun Fin Auth | 5.250% | 06/15/2037 | 0.5% |
| Triborough Br & Tunnel Auth, NY | 5.000% | 11/15/2023 | 0.5% |
| New York City Transitional Fin Auth | 5.000% | 11/01/2032 | 0.5% |
| New York City Mun Fin Auth | 5.000% | 06/15/2035 | 0.5% |
| Niagara Area Dev Corp., NY | 4.750% | 11/01/2042 | 0.5% |
| Metropolitan Transp Auth, NY | 5.000% | 11/15/2029 | 0.5% |
| Port Auth of New York & New Jersey | 5.000% | 09/15/2024 | 0.5% |
| Dorm Auth of the St of New York | 5.500% | 08/15/2026 | 0.5% |
| Port Auth of New York & New Jersey | 4.000% | 12/01/2022 | 0.5% |
| New York City Transitional Fin Auth | 5.000% | 08/01/2041 | 0.5% |
| New York City Transitional Fin Auth | 5.000% | 07/15/2025 | 0.5% |
| Dutchess Cnty Local Dev Corp., NY | 5.000% | 07/01/2035 | 0.5% |
| Suffolk Cnty, NY | 5.000% | 02/01/2025 | 0.5% |
| New York State Urban Dev Corp. | 5.000% | 03/15/2036 | 0.5% |
| New York Transp Dev Corp. | 5.000% | 01/01/2034 | 0.5% |
| New York Transp Dev Corp. | 5.000% | 01/01/2023 | 0.5% |
| New York State Urban Dev Corp. | 4.000% | 03/15/2047 | 0.5% |
| Port Authority of New York & New Jersey | 5.000% | 10/01/2033 | 0.5% |
| Dorm Auth of the St of New York | 4.000% | 08/01/2037 | 0.5% |
| New York City | 5.000% | 10/01/2034 | 0.5% |
| New York City Transitional Finance Auth - Future Tax | 5.000% | 02/01/2027 | 0.5% |
| Westchester Cnty Local Dev Corp. | 5.000% | 11/01/2046 | 0.5% |
| Dorm Auth of the St of New York | 5.000% | 01/01/2047 | 0.5% |
| New York City Indl Dev Agy | 4.500% | 03/01/2039 | 0.5% |
| New York City | 5.000% | 08/01/2027 | 0.5% |
| New York City Transitional Fin Auth | 5.000% | 07/15/2027 | 0.5% |
| Troy Capital Resources Corp., NY | 5.000% | 08/01/2032 | 0.5% |
| Buffalo & Erie Cnty Indus Land Dev Corp., NY | 5.750% | 10/01/2026 | 0.4% |
| Build NYC Resource Corp., NY | 5.000% | 08/01/2042 | 0.4% |
| Suffolk Tobacco Asset Securitization Corp. | 5.000% | 06/01/2032 | 0.4% |
| New York City Transitional Fin Auth | 5.000% | 05/01/2043 | 0.4% |
| Dorm Auth of the St of New York | 5.000% | 03/15/2027 | 0.4% |
| Port Auth of New York & New Jersey | 5.000% | 11/15/2042 | 0.4% |
| New York City Mun Fin Auth | 5.000% | 06/15/2040 | 0.4% |
| New York City Transitional Fin Auth | 5.000% | 05/01/2035 | 0.4% |
| Dorm Auth of the St of New York | 5.000% | 02/15/2034 | 0.4% |
| Suffolk Tobacco Asset Securitization Corp. | 6.000% | 06/01/2048 | 0.4% |
| Westchester Cnty Local Dev Corp. | 5.000% | 01/01/2034 | 0.4% |
| Port Auth of New York & New Jersey | 5.000% | 10/15/2024 | 0.4% |
| Port Auth of New York & New Jersey | 5.000% | 10/15/2041 | 0.4% |
| Port Auth of New York & New Jersey | 6.000% | 12/01/2042 | 0.4% |
| Dorm Auth of the St of New York | 5.250% | 01/01/2034 | 0.4% |
| Suffolk Tobacco Asset Securitization Corp. | 5.250% | 06/01/2037 | 0.4% |
| Build NYC Resource Corp., NY | 5.000% | 08/01/2033 | 0.4% |
| Erie Cnty Indl Dev Agy, NY | 5.000% | 05/01/2028 | 0.4% |
| Metropolitan Transp Auth, NY | 5.250% | 11/15/2031 | 0.4% |
| Hudson Yards Infrastr Corp., NY | 5.000% | 02/15/2033 | 0.4% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2028 | 0.4% |
| Onondaga Cnty Indus Dev Agy, NY | 5.750% | 03/01/2024 | 0.4% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2029 | 0.4% |
| New York City | 5.000% | 08/01/2026 | 0.4% |
| Metropolitan Transp Auth, NY | 5.250% | 11/15/2029 | 0.3% |
| Metropolitan Transp Auth, NY | 5.000% | 11/15/2034 | 0.3% |
| Port Auth of New York & New Jersey | 5.000% | 09/15/2028 | 0.3% |
| Hudson Yards Infrastr Corp., NY | 5.000% | 02/15/2042 | 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% | 07/01/2034 | 0.3% |
| New York City Mun Fin Auth | 5.250% | 06/15/2047 | 0.3% |
| Port Auth of New York & New Jersey | 5.000% | 10/15/2027 | 0.3% |
| Metropolitan Transp Auth, NY | 5.000% | 11/15/2033 | 0.3% |
| Dorm Auth of the St of New York | 5.000% | 05/01/2028 | 0.3% |
| Triborough Br & Tunnel Auth, NY | 5.000% | 11/15/2038 | 0.3% |
| Yonkers Econ Dev Corp., NY | 6.250% | 10/15/2040 | 0.3% |
| Metropolitan Transp Auth, NY | 5.000% | 11/15/2023 | 0.3% |
| New York City Mun Fin Auth | 5.000% | 06/15/2048 | 0.3% |
| Dorm Auth of the St of New York | 5.000% | 10/01/2027 | 0.3% |
| Dorm Auth of the St of New York | 5.000% | 12/01/2026 | 0.3% |
| Genesee Cnty Indus Dev Agy | 5.000% | 12/01/2032 | 0.3% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2039 | 0.3% |
| New York City | 5.000% | 10/01/2039 | 0.3% |
| New York State Urban Dev Corp. | 5.000% | 03/15/2040 | 0.3% |
| Hudson Yards Infrastr Corp., NY | 5.750% | 02/15/2047 | 0.3% |
| Dorm Auth of the St of New York | 5.000% | 02/15/2039 | 0.3% |
| New York City | 5.000% | 04/01/2045 | 0.3% |
| Onondaga Civic Dev Corp., NY | 5.500% | 12/01/2031 | 0.3% |
| Port Auth of New York & New Jersey | 5.000% | 10/15/2033 | 0.3% |
| Build NYC Resource Corp., NY | 5.000% | 06/01/2040 | 0.3% |
| Metropolitan Transp Auth, NY | 5.000% | 11/15/2041 | 0.3% |
| Port Auth of New York & New Jersey | 5.000% | 04/01/2036 | 0.3% |
| New York Liberty Dev Corp. | 5.000% | 09/15/2040 | 0.3% |
| Long Island Pwr Auth, NY | 5.000% | 09/01/2039 | 0.3% |
| Long Island Pwr Auth, NY | 5.000% | 09/01/2025 | 0.3% |
| Erie Cnty Indl Dev Agy, NY | 5.250% | 05/01/2032 | 0.3% |
| Niagara Frontier Transp Auth, NY | 5.000% | 04/01/2027 | 0.3% |
| Westchester Cnty Local Dev Corp. | 5.000% | 11/01/2033 | 0.3% |
| Westchester Cnty Local Dev Corp. | 5.000% | 06/01/2047 | 0.3% |
| New York Liberty Dev Corp. | 5.000% | 11/15/2031 | 0.3% |
| TSASC, Inc. | 5.000% | 06/01/2034 | 0.3% |
| Dorm Auth of the St of New York | 5.000% | 09/01/2026 | 0.3% |
| Buffalo & Erie Cnty Indus Land Dev Corp., NY | 5.000% | 11/15/2037 | 0.3% |
| NYC Capital Resource Corp - Arthur Corp | 7.000% | 08/01/2025 | 0.3% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2040 | 0.3% |
| New York St Br Auth | 4.000% | 01/01/2027 | 0.3% |
| Build NYC Resource Corp., NY | 5.000% | 07/01/2041 | 0.3% |
| New York City Hlth & Hosp Corp. | 5.000% | 02/15/2025 | 0.3% |
| Southold Local Dev Corp. | 5.000% | 12/01/2045 | 0.3% |
| New York City Hsg Dev Corp, NY | 4.500% | 02/15/2048 | 0.3% |
| New York City Transitional Fin Auth | 4.000% | 05/01/2043 | 0.3% |
| New York City Transitional Fin Auth | 4.000% | 08/01/2039 | 0.3% |
| Monroe Cnty Indus Dev Corp., NY | 4.000% | 07/01/2043 | 0.3% |
| Suffolk Cnty Indus Dev Agy | 5.500% | 01/01/2037 | 0.3% |
| Dorm Auth of the St of New York | 5.000% | 05/01/2023 | 0.3% |
| Tompkins Cnty Dev Corp,, NY | 5.000% | 07/01/2044 | 0.3% |
| Westchester Cnty Local Dev Corp. | 5.000% | 11/01/2034 | 0.3% |
| Port Auth of New York & New Jersey | 6.000% | 12/01/2036 | 0.3% |
| Hempstead Town Local Dev Corp., NY | 5.000% | 07/01/2034 | 0.3% |
| New York City Transitional Fin Auth | 1.690% | 08/01/2031 | 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% | 07/01/2032 | 0.3% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2033 | 0.3% |
| Dutchess Cnty Local Dev Corp., NY | 6.000% | 10/01/2030 | 0.3% |
| Suffolk Cnty Indus Dev Agy | 5.375% | 01/01/2027 | 0.2% |
| Metropolitan Transp Auth, NY | 5.000% | 11/15/2028 | 0.2% |
| Puerto Rico Electric Power Authority | 5.750% | 07/01/2036 | 0.2% |
| Suffolk Tobacco Asset Securitization Corp. | 6.625% | 06/01/2044 | 0.2% |
| Metropolitan Transp Auth, NY | 5.000% | 11/15/2028 | 0.2% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2042 | 0.2% |
| Triborough Br & Tunnel Auth, NY | 5.000% | 11/15/2028 | 0.2% |
| Nassau Cnty Local Econ Assistance Corp. | 5.000% | 07/01/2027 | 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% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2035 | 0.2% |
| Hempstead Town Local Dev Corp., NY | 5.000% | 07/01/2039 | 0.2% |
| New York Liberty Dev Corp. | 7.250% | 11/15/2044 | 0.2% |
| Triborough Br & Tunnel Auth, NY | 5.000% | 11/15/2027 | 0.2% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2028 | 0.2% |
| Long Island Pwr Auth, NY | 5.000% | 09/01/2047 | 0.2% |
| Hempstead Town Local Dev Corp., NY | 5.000% | 07/01/2042 | 0.2% |
| Dutchess Cnty Local Dev Corp., NY | 5.000% | 07/01/2034 | 0.2% |
| Build NYC Resource Corp., NY | 5.000% | 08/01/2040 | 0.2% |
| Guam Pwr Auth | 5.000% | 10/01/2021 | 0.2% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2032 | 0.2% |
| Guam Pwr Auth | 5.000% | 10/01/2020 | 0.2% |
| Port Auth of New York & New Jersey | 6.000% | 12/01/2036 | 0.1% |
| Puerto Rico Aqueduct & Swr Auth | 6.000% | 07/01/2044 | 0.1% |
| Guam Waterworks Auth | 5.000% | 07/01/2036 | 0.1% |
| Metropolitan Transp Auth, NY | 5.000% | 11/15/2027 | 0.1% |
| Nassau Cnty Local Econ Assistance Corp. | 5.000% | 07/01/2033 | 0.1% |
| Monroe Cnty Indus Dev Corp., NY | 5.000% | 07/01/2031 | 0.1% |
| New York City Mun Fin Auth | 1.620% | 06/15/2045 | 0.1% |
| Albany Capital Resource Corp. | 5.000% | 05/01/2030 | 0.1% |
| Port Auth of New York & New Jersey | 5.000% | 09/15/2048 | 0.1% |
| Erie Tobacco Asset Securitization Corp | 0.000% | 06/01/2055 | 0.1% |
| Dorm Auth of the St of New York | 4.000% | 08/01/2036 | 0.1% |
| Rockland Tobacco Asset Securitization Corp | 0.000% | 08/15/2060 | 0.1% |
| Buffalo & Erie Cnty Indus Land Dev Corp., NY | 5.000% | 07/01/2025 | 0.1% |
| Port Auth of New York & New Jersey | 5.500% | 12/01/2031 | 0.1% |
| TSASC, Inc. | 5.000% | 06/01/2041 | 0.1% |
| Erie Cnty, NY | 5.000% | 09/15/2028 | 0.1% |
| New York City Indl Dev Agy | 3.157% | 03/01/2026 | 0.1% |
| Monroe Tobacco Asset Securitization Corp | 0.000% | 06/01/2061 | 0.1% |
| Dutchess Cnty Local Dev Corp., NY | 5.000% | 07/01/2046 | 0.1% |
| Dorm Auth of the St of New York | 5.000% | 07/01/2027 | 0.1% |
| Dutchess Cnty Local Dev Corp., NY | 5.000% | 07/01/2034 | 0.1% |
| Albany Capital Resource Corp. | 5.000% | 05/01/2032 | 0.1% |
| Monroe Cnty Indus Dev Corp., NY | 5.000% | 12/01/2034 | 0.1% |
| New Rochelle Local Dev Corp, NY | 5.000% | 07/01/2029 | 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% |
| Port Auth of New York & New Jersey | 5.500% | 12/01/2031 | 0.1% |
| New Rochelle Local Dev Corp, NY | 5.000% | 07/01/2030 | 0.1% |
| New Rochelle Local Dev Corp, NY | 5.000% | 07/01/2028 | 0.1% |
| Dorm Auth of the St of New York | 5.000% | 08/01/2033 | 0.1% |
| Dorm Auth of the St of New York | 5.000% | 08/01/2035 | 0.1% |
| Dutchess Cnty Local Dev Corp., NY | 5.000% | 07/01/2033 | 0.1% |
| New Rochelle Local Dev Corp, NY | 5.000% | 07/01/2031 | 0.1% |
| Dutchess Cnty Local Dev Corp., NY | 5.000% | 07/01/2041 | 0.1% |
| TSASC, Inc. | 5.000% | 06/01/2035 | 0.1% |
| Dorm Auth of the St of New York | 4.000% | 08/01/2038 | 0.1% |
| New York St Thruway Auth | 5.000% | 01/01/2032 | 0.1% |
| Westchester Cnty Hlthcare Corp., NY | 6.125% | 11/01/2037 | 0.0% |
| Dorm Auth of the St of New York | 5.000% | 08/01/2034 | 0.0% |
| New York City Transitional Finance Authority | 5.000% | 05/01/2034 | 0.0% |
| Port Authority of NY & NJ - JFK International Airport | 5.000% | 12/01/2020 | 0.0% |
| Westchester Cnty Hlthcare Corp., NY | 6.000% | 11/01/2030 | 0.0% |
| TSASC, Inc. | 5.000% | 06/01/2036 | 0.0% |
| Puerto Rico Infrastr Fing Auth | 6.500% | 10/01/2037 | 0.0% |
| New York City Mun Fin Auth | 1.620% | 06/15/2045 | 0.0% |
| Puerto Rico | 6.125% | 07/01/2033 | 0.0% |
| Puerto Rico | 5.125% | 07/01/2028 | 0.0% |
| Westchester Cnty Hlthcare Corp., NY | 6.125% | 11/01/2037 | 0.0% |
| Puerto Rico | 5.000% | 07/01/2027 | 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 Dec 2008 | - | - | 0.0% |
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.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 12/11/2018
- $0.258
- Dividend Frequency
- Monthly (Daily Accrual)
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| Daily | Daily | 11/30/2018 | $0.02443 | $11.03 |
| Daily | Daily | 10/31/2018 | $0.02384 | $10.96 |
| Daily | Daily | 09/30/2018 | $0.02398 | $11.08 |
| Daily | Daily | 08/31/2018 | $0.02341 | $11.17 |
| Daily | Daily | 07/31/2018 | $0.02325 | $11.15 |
| Daily | Daily | 06/30/2018 | $0.02354 | $11.17 |
| Daily | Daily | 05/31/2018 | $0.02280 | $11.17 |
| Daily | Daily | 04/30/2018 | $0.02322 | $11.06 |
| Daily | Daily | 03/31/2018 | $0.02276 | $11.12 |
| Daily | Daily | 02/28/2018 | $0.02466 | $11.07 |
| Daily | Daily | 01/31/2018 | $0.02274 | $11.15 |
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 | 12/31/2018 |
Capital Gains Distributions
Click Here To View Estimated Capital Gain Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 12/16/1993 | 12/21/1993 | - | - | $0.3650 | $11.76 |
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
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 |
|---|---|
| 12/19/2018 | 12/20/2018 |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 12/11/2018
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $100,000 | 2.25% | 2.00% | $11.34 |
| $100,000 to $249,999 | 1.75% | 1.50% | $11.28 |
| $250,000 to $499,999 | 1.25% | 1.00% | $11.22 |
| $500,000 to $999,999 | 0.00% | 1.00% | $11.08 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $11.08 |
The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.
Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.
Expense Ratioas of 11/30/2018
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
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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Summary Prospectus
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
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Annual Report
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
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Commentary
Publish Date:11/03/2015
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