LANYX | New York Tax Free Fund Class A | 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

30-Day Standardized Yield 1 as of 04/30/2024  

3.43%

Average Yield to Worst as of 04/30/2024

4.33%

Fund Basicsas of 04/30/2024

Total Net Assets
$504.83 M
Inception Date
04/02/1984
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.78%
Fund Net Expense Ratio
0.78%
Number of Holdings
307
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

Gross 0.78%

Net 0.78%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge -1.02% 3.32% -1.84% 0.89% 2.30% 5.44%
Lipper Category Avg. New York Municipal Debt Funds -1.17% 2.85% -1.53% 0.86% 2.20% -
Bloomberg Municipal Bond Index -1.62% 2.08% -1.10% 1.26% 2.41% -
w/ sales charge -3.27% 1.01% -2.59% 0.43% 2.07% 5.38%

Fund Expense Ratio :

Gross 0.78%

Net 0.78%

Fund Expense Ratio :

Gross 0.78%

Net 0.78%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge 0.21% 4.76% -0.96% 1.25% 2.57% 5.48%
Lipper Category Avg. New York Municipal Debt Funds 0.06% 4.23% -0.73% 1.21% 2.45% -
Bloomberg Municipal Bond Index -0.39% 3.13% -0.41% 1.59% 2.66% -
w/ sales charge -2.06% 2.43% -1.70% 0.80% 2.34% 5.42%

Fund Expense Ratio :

Gross 0.78%

Net 0.78%

Sector Assets
Transportation
Special Tax
IDR/PCR
Healthcare/Hospital
Education
Lease
Water & Sewer
GO Local
Pre-Refunded
Power
Housing
GO State
Other
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 04/30/2024 View Portfolio

Rating Assets
AAA
AA
A
BBB
< BBB
Not Rated

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Performance

Performance

Average Yield to Worst as of 04/30/2024

4.33%

30-Day Standardized Yield 1 as of 04/30/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 3.43% 3.43%

Fund Expense Ratio :

Gross 0.78%

Net 0.78%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge -1.02% 3.32% -1.84% 0.89% 2.30% 5.44%
Lipper Category Avg. New York Municipal Debt Funds -1.17% 2.85% -1.53% 0.86% 2.20% -
Bloomberg Municipal Bond Index -1.62% 2.08% -1.10% 1.26% 2.41% -
w/ sales charge -3.27% 1.01% -2.59% 0.43% 2.07% 5.38%

Fund Expense Ratio :

Gross 0.78%

Net 0.78%

Fund Expense Ratio :

Gross 0.78%

Net 0.78%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
w/o sales charge 0.21% 4.76% -0.96% 1.25% 2.57% 5.48%
Lipper Category Avg. New York Municipal Debt Funds 0.06% 4.23% -0.73% 1.21% 2.45% -
Bloomberg Municipal Bond Index -0.39% 3.13% -0.41% 1.59% 2.66% -
w/ sales charge -2.06% 2.43% -1.70% 0.80% 2.34% 5.42%

Fund Expense Ratio :

Gross 0.78%

Net 0.78%

Year Fund Returns Bloomberg Municipal Bond Index
2023 8.17% 6.40%
2022 -13.24% -8.53%
2021 3.42% 1.52%
2020 4.54% 5.21%
2019 8.19% 7.54%
2018 0.98% 1.28%
2017 4.68% 5.45%
2016 0.54% 0.25%
2015 3.24% 3.30%
2014 11.35% 9.05%
2013 -4.90% -
2012 10.52% -
2011 9.38% -
2010 1.28% -
2009 22.90% -
2008 -12.60% -
2007 0.10% -
2006 4.65% -
2005 2.75% -
2004 4.09% -
Year Q1 Q2 Q3 Q4
2024 0.21% - - -
2023 3.47% 0.83% -4.58% 8.66%
2022 -7.72% -5.50% -4.71% 4.40%
2021 0.13% 2.89% -0.79% 1.19%
2020 -2.43% 2.64% 0.74% 3.61%
2019 3.38% 2.47% 1.79% 0.32%
2018 -0.97% 1.08% -0.17% 1.05%
2017 1.50% 2.00% 0.67% 0.43%
2016 1.79% 3.32% -0.05% -4.35%
2015 1.05% -1.17% 1.50% 1.84%
2014 4.25% 3.08% 2.18% 1.41%
2013 0.28% -4.16% -0.98% -0.06%
2012 3.85% 2.26% 2.94% 1.09%
2011 0.42% 4.35% 2.76% 1.58%
2010 1.83% 1.14% 3.96% -5.41%
2009 6.89% 5.71% 9.49% -0.66%
2008 -2.16% 1.32% -6.36% -5.84%
2007 0.60% -0.84% 0.54% -0.20%
2006 0.10% -0.21% 3.56% 1.17%
2005 -0.19% 2.83% -0.35% 0.45%
2004 1.68% -2.61% 3.94% 1.13%
2003 0.70% 2.86% -0.54% 1.35%
2002 1.09% 2.95% 5.69% -0.47%
2001 1.62% 0.74% 2.31% -0.45%
2000 3.43% 1.06% 2.53% 6.32%
1999 0.88% -2.24% -1.92% -1.41%
1998 1.17% 1.63% 3.16% 0.03%
1997 -0.53% 3.36% 2.65% 2.79%
1996 -1.59% 0.77% 2.15% 2.34%
1995 7.12% 2.56% 1.95% 3.50%
1994 -5.92% -1.02% 0.02% -2.59%
1993 4.65% 3.30% 3.51% 0.74%
1992 0.00% 4.51% 2.30% 1.83%
1991 2.42% 2.48% 4.65% 3.55%
1990 -0.01% 2.59% -0.29% 3.88%
1989 0.19% 6.28% -0.30% 2.95%
1988 2.79% 2.60% 3.40% 2.79%
1987 2.57% -4.51% -2.76% 5.45%
1986 8.07% -1.15% 4.79% 5.19%
1985 4.02% 8.64% -1.45% 8.21%

Growth of $10,000 as of 04/30/2024

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Sector Assets
Transportation
Special Tax
IDR/PCR
Healthcare/Hospital
Education
Lease
Water & Sewer
GO Local
Pre-Refunded
Power
Housing
GO State
Other
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 04/30/2024

Rating Assets
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Details as of 04/30/2024

Total Net Assets
$504.83 M
Average Effective Duration
7.87 Years
Average Effective Maturity
19.7 Years
Number of Issues
307
Average Yield to Worst
4.33%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 05/28/2024
$0.11059
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 04/30/2024 $0.02785 $10.55
Daily Daily 03/31/2024 $0.02734 $10.71
Daily Daily 02/29/2024 $0.02816 $10.73
Daily Daily 01/31/2024 $0.02725 $10.74

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 05/31/2024
Daily Daily 06/30/2024
Daily Daily 07/31/2024
Daily Daily 08/31/2024
Daily Daily 09/30/2024
Daily Daily 10/31/2024
Daily Daily 11/30/2024
Daily Daily 12/31/2024

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

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 05/28/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $10.79
$100,000 to $249,999 1.75% 1.50% $10.74
Greater than $250,000 0.00% 1.00% $10.55

Expense Ratioas of 04/30/2024

Fund Gross Expense Ratio Fund Net Expense Ratio
0.78% 0.78%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
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

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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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