New York Tax Free Fund

LANYX

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Daily price w/o sales charge as of 07/23/2021

$12.32

$0.00

YTD Returns w/o sales charge as of 07/23/2021

4.00%

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

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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 07/23/2021

w/o sales charge	2.06%
w/ sales charge	2.02%

30-Day Standardized Yield ² as of 06/30/2021

0.77%

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

Fund Basicsas of 06/30/2021

Total Net Assets: $541.40 M
Inception Date: 04/02/1984
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 337
Minimum Initial Investment: $1,000+

Expense Ratioas of 06/30/2021

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 :

0.78%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 04/02/1984

w/o sales charge	3.03%	7.54%	5.53%	3.32%	4.56%	6.06%
Lipper Category Avg. New York Municipal Debt Funds	2.54%	6.52%	4.94%	3.07%	4.07%	-
Bloomberg Barclays Municipal Bond Index	1.06%	4.17%	5.10%	3.25%	4.28%	-
w/ sales charge	0.68%	5.10%	4.73%	2.85%	4.32%	6.00%

Fund Expense Ratio :

0.78%

Fund Expense Ratio :

0.78%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 04/02/1984

w/o sales charge	3.03%	7.54%	5.53%	3.32%	4.56%	6.06%
Lipper Category Avg. New York Municipal Debt Funds	2.54%	6.52%	4.94%	3.07%	4.07%	-
Bloomberg Barclays Municipal Bond Index	1.06%	4.17%	5.10%	3.25%	4.28%	-
w/ sales charge	0.68%	5.10%	4.73%	2.85%	4.32%	6.00%

Fund Expense Ratio :

0.78%

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 06/30/2021 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 16 Investment Professionals with 13 Years Avg. Industry Experience

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Performance

Dividend Yield ¹ as of 07/23/2021

w/o sales charge	2.06%
w/ sales charge	2.02%

30-Day Standardized Yield ² as of 06/30/2021

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	0.77%	0.77%

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

Fund Expense Ratio :

0.78%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 04/02/1984

w/o sales charge	3.03%	7.54%	5.53%	3.32%	4.56%	6.06%
Lipper Category Avg. New York Municipal Debt Funds	2.54%	6.52%	4.94%	3.07%	4.07%	-
Bloomberg Barclays Municipal Bond Index	1.06%	4.17%	5.10%	3.25%	4.28%	-
w/ sales charge	0.68%	5.10%	4.73%	2.85%	4.32%	6.00%

Fund Expense Ratio :

0.78%

Fund Expense Ratio :

0.78%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 04/02/1984

w/o sales charge	3.03%	7.54%	5.53%	3.32%	4.56%	6.06%
Lipper Category Avg. New York Municipal Debt Funds	2.54%	6.52%	4.94%	3.07%	4.07%	-
Bloomberg Barclays Municipal Bond Index	1.06%	4.17%	5.10%	3.25%	4.28%	-
w/ sales charge	0.68%	5.10%	4.73%	2.85%	4.32%	6.00%

Fund Expense Ratio :

0.78%

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

Year	Fund Returns	Bloomberg Barclays Municipal Bond Index

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%	-2.55%
2012	10.52%	6.78%
2011	9.38%	10.70%
2010	1.28%	-
2009	22.90%	-
2008	-12.60%	-
2007	0.10%	-
2006	4.65%	-
2005	2.75%	-
2004	4.09%	-
2003	4.43%	-
2002	9.49%	-
2001	4.27%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2021	0.13%	2.89%	-	-	4.00%
2020	-2.43%	2.64%	0.74%	3.61%	4.54%
2019	3.38%	2.47%	1.79%	0.32%	8.19%
2018	-0.97%	1.08%	-0.17%	1.05%	0.98%
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 06/30/2021

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

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

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 06/30/2021

Rating	Assets
AAA
AA
A
BBB
< BBB
Not Rated

Portfolio Details as of 06/30/2021

Total Net Assets: $541.40 M
Number of Issues: 337
Average Coupon: 4.5%
Average Effective Maturity: 19.1 Years
Average Effective Duration: 6.18 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	2.6%
New York Liberty Development Corp	5.250%	10/01/2035	1.9%
New York Liberty Development Corp	5.000%	11/15/2044	1.4%
New York State Urban Development Corp	4.000%	03/15/2049	1.3%
Port Authority of New York & New Jersey	4.000%	09/01/2043	1.1%
New York State Dormitory Authority	4.000%	07/01/2044	1.0%
Oneida County Local Development Corp	4.000%	12/01/2049	1.0%
New York Liberty Development Corp	5.500%	10/01/2037	1.0%
New York Liberty Development Corp	2.800%	09/15/2069	0.9%
Port Authority of New York & New Jersey	4.000%	11/01/2047	0.9%

% of Total Assets			13.1%

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	2.6%
New York Liberty Development Corp	5.250%	10/01/2035	1.8%
New York Liberty Development Corp	5.000%	11/15/2044	1.4%
New York State Urban Development Corp	4.000%	03/15/2049	1.3%
Port Authority of New York & New Jersey	4.000%	09/01/2043	1.1%
New York State Dormitory Authority	4.000%	07/01/2044	1.0%
Oneida County Local Development Corp	4.000%	12/01/2049	1.0%
New York Liberty Development Corp	5.500%	10/01/2037	0.9%
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%
Metropolitan Transportation Authority	5.250%	11/15/2028	0.8%
Port Authority of New York & New Jersey	5.000%	11/15/2031	0.8%
New York Liberty Development Corp	2.800%	09/15/2069	0.8%
New York State Dormitory Authority	4.000%	07/01/2050	0.8%
New York Transportation Development Corp	4.000%	01/01/2036	0.8%
New York City Water & Sewer System	5.000%	06/15/2046	0.7%
New York State Dormitory Authority	5.000%	03/15/2032	0.7%
Metropolitan Transportation Authority	4.750%	11/15/2045	0.7%
New York City Transitional Finance Authority Futur	5.000%	08/01/2041	0.7%
New York State Dormitory Authority	5.000%	02/15/2041	0.7%
New York Transportation Development Corp	4.000%	04/30/2053	0.7%
City of New York NY	5.000%	08/01/2029	0.7%
City of New York NY	4.000%	08/01/2034	0.7%
TSASC Inc/NY	5.000%	06/01/2048	0.7%
Commonwealth of Puerto Rico	0.000%	07/01/2030	0.7%
New York City Industrial Development Agency	3.499%	03/01/2026	0.7%
Brooklyn Arena Local Development Corp	5.000%	07/15/2042	0.7%
Metropolitan Transportation Authority	4.000%	11/15/2051	0.7%
Port Authority of New York & New Jersey	5.000%	09/15/2033	0.7%
New York City Water & Sewer System	4.000%	06/15/2049	0.6%
Port Authority of New York & New Jersey	5.000%	11/15/2032	0.6%
New York City Transitional Finance Authority Futur	5.000%	08/01/2042	0.6%
New York State Dormitory Authority	4.000%	07/01/2045	0.6%
New York Transportation Development Corp	4.000%	12/01/2041	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%
New York City Transitional Finance Authority Futur	5.000%	02/01/2043	0.6%
Metropolitan Transportation Authority	5.000%	11/15/2023	0.6%
New York State Dormitory Authority	4.000%	07/01/2053	0.5%
New York State Thruway Authority	4.000%	01/01/2050	0.5%
New York Transportation Development Corp	5.000%	10/01/2040	0.5%
New York Transportation Development Corp	4.000%	12/01/2038	0.5%
New York Transportation Development Corp	5.000%	01/01/2036	0.5%
New York State Dormitory Authority	4.000%	08/15/2050	0.5%
Build NYC Resource Corp	4.000%	07/01/2049	0.5%
Long Island Power Authority	5.250%	09/01/2029	0.5%
New York City Water & Sewer System	5.000%	06/15/2036	0.5%
Westchester County Local Development Corp	5.000%	11/01/2046	0.5%
Erie County Industrial Development Agency/The	5.250%	05/01/2030	0.5%
New York City Transitional Finance Authority Futur	5.000%	11/01/2030	0.5%
City of New York NY	5.000%	03/01/2050	0.5%
New York State Dormitory Authority	5.000%	02/15/2042	0.5%
New York City Transitional Finance Authority Build	5.000%	07/15/2035	0.5%
Port Authority of New York & New Jersey	4.000%	07/15/2036	0.5%
New York State Dormitory Authority	5.000%	03/15/2043	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%
Hudson Yards Infrastructure Corp	5.000%	02/15/2031	0.5%
Dutchess County Local Development Corp	4.000%	07/01/2049	0.5%
City of New York NY	4.000%	08/01/2037	0.5%
Metropolitan Transportation Authority	5.000%	11/15/2050	0.5%
Hempstead Town Local Development Corp	4.000%	02/01/2039	0.5%
Triborough Bridge & Tunnel Authority	4.000%	05/15/2046	0.4%
Jefferson County Civic Facility Development Corp	5.000%	11/01/2037	0.4%
Metropolitan Transportation Authority	5.000%	11/15/2029	0.4%
New York City Transitional Finance Authority Futur	4.000%	05/01/2045	0.4%
New York State Dormitory Authority	5.000%	12/01/2029	0.4%
Nassau County Local Economic Assistance Corp	5.000%	07/01/2028	0.4%
New York State Dormitory Authority	5.000%	07/01/2040	0.4%
New York City Transitional Finance Authority Futur	4.000%	05/01/2043	0.4%
Long Island Power Authority	5.000%	09/01/2034	0.4%
Triborough Bridge & Tunnel Authority	4.000%	11/15/2048	0.4%
New York State Dormitory Authority	0.000%	08/01/2021	0.4%
New York Transportation Development Corp	4.000%	07/01/2046	0.4%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	5.000%	07/01/2058	0.4%
New York Transportation Development Corp	4.000%	07/01/2031	0.4%
New York State Dormitory Authority	4.000%	03/15/2048	0.4%
New York State Urban Development Corp	5.000%	03/15/2033	0.4%
Nassau County Tobacco Settlement Corp	5.125%	06/01/2046	0.4%
Westchester Tobacco Asset Securitization Corp	5.125%	06/01/2051	0.4%
Trust for Cultural Resources of The City of New Yo	4.000%	12/01/2033	0.4%
New York City Water & Sewer System	5.000%	06/15/2048	0.4%
New York City Industrial Development Agency	3.000%	03/01/2049	0.4%
Brookhaven Local Development Corp	4.000%	10/01/2045	0.4%
City of New York NY	5.000%	08/01/2026	0.4%
Metropolitan Transportation Authority	5.000%	11/15/2030	0.4%
Buffalo Municipal Water Finance Authority	5.000%	07/01/2048	0.4%
Erie County Industrial Development Agency/The	5.000%	05/01/2027	0.4%
New York City Industrial Development Agency	4.000%	03/01/2045	0.4%
New York City Industrial Development Agency	3.000%	03/01/2049	0.4%
Metropolitan Transportation Authority	5.000%	11/15/2033	0.4%
New York City Water & Sewer System	5.000%	06/15/2036	0.4%
New York City Housing Development Corp	3.350%	11/01/2065	0.4%
City of New York NY	5.000%	08/01/2027	0.4%
New York Transportation Development Corp	5.250%	08/01/2031	0.4%
New York State Thruway Authority	5.000%	01/01/2036	0.4%
New York City Transitional Finance Authority Futur	4.000%	11/01/2042	0.4%
Dutchess County Local Development Corp	5.000%	07/01/2035	0.4%
New York City Industrial Development Agency	5.000%	07/01/2028	0.4%
New York City Water & Sewer System	5.000%	06/15/2035	0.4%
New York State Dormitory Authority	5.000%	07/01/2049	0.4%
New York State Dormitory Authority	4.000%	08/01/2037	0.4%
Metropolitan Transportation Authority	5.000%	11/15/2029	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 City Industrial Development Agency	3.000%	01/01/2040	0.4%
City of New York NY	0.020%	12/01/2047	0.4%
New York City Transitional Finance Authority Futur	5.000%	11/01/2032	0.4%
New York State Urban Development Corp	4.000%	03/15/2047	0.4%
Metropolitan Transportation Authority	5.000%	11/15/2033	0.3%
Niagara Area Development Corp	4.750%	11/01/2042	0.3%
New York State Dormitory Authority	5.000%	01/01/2047	0.3%
Port Authority of New York & New Jersey	5.000%	10/15/2027	0.3%
Westchester County Local Development Corp	4.000%	06/01/2033	0.3%
New York City Educational Construction Fund	4.000%	04/01/2038	0.3%
Long Island Power Authority	4.000%	09/01/2038	0.3%
City of New York NY	4.000%	03/01/2050	0.3%
New York Transportation Development Corp	4.000%	10/31/2046	0.3%
Port Authority of New York & New Jersey	4.000%	07/15/2061	0.3%
City of New York NY	5.000%	08/01/2043	0.3%
New York City Water & Sewer System	5.000%	06/15/2035	0.3%
New York City Transitional Finance Authority Futur	5.000%	05/01/2043	0.3%
County of Suffolk NY	5.000%	02/01/2025	0.3%
City of New York NY	5.000%	04/01/2045	0.3%
New York State Urban Development Corp	5.000%	03/15/2036	0.3%
Troy Capital Resource Corp	5.000%	08/01/2032	0.3%
New York State Thruway Authority	4.000%	01/01/2041	0.3%
St Lawrence County Industrial Development Agency	6.000%	09/01/2034	0.3%
New York Transportation Development Corp	5.000%	01/01/2023	0.3%
Broome County Local Development Corp	3.000%	04/01/2037	0.3%
New York State Dormitory Authority	5.500%	08/15/2026	0.3%
New York City Water & Sewer System	5.000%	06/15/2040	0.3%
New York State Environmental Facilities Corp	2.875%	12/01/2044	0.3%
New York Power Authority	4.000%	11/15/2045	0.3%
Build NYC Resource Corp	4.000%	07/01/2044	0.3%
New York Transportation Development Corp	4.000%	12/01/2040	0.3%
New York City Health and Hospitals Corp	4.000%	02/15/2048	0.3%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2051	0.3%
New York City Transitional Finance Authority Futur	5.000%	05/01/2035	0.3%
Triborough Bridge & Tunnel Authority	5.000%	11/15/2054	0.3%
New York City Health and Hospitals Corp	4.000%	02/15/2045	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%
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%
Dutchess County Local Development Corp	4.000%	07/01/2044	0.3%
New York City Industrial Development Agency	4.000%	03/01/2045	0.3%
Suffolk Tobacco Asset Securitization Corp	5.000%	06/01/2032	0.3%
Triborough Bridge & Tunnel Authority	5.000%	11/15/2047	0.3%
Suffolk Tobacco Asset Securitization Corp	6.000%	06/01/2048	0.3%
Long Island Power Authority	5.000%	09/01/2047	0.3%
New York State Dormitory Authority	5.250%	01/01/2034	0.3%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.750%	07/01/2053	0.3%
Build NYC Resource Corp	5.000%	08/01/2033	0.3%
Build NYC Resource Corp	5.000%	07/01/2041	0.2%
Hudson Yards Infrastructure Corp	5.000%	02/15/2033	0.2%
Metropolitan Transportation Authority	5.250%	11/15/2035	0.2%
New York Transportation Development Corp	5.375%	08/01/2036	0.2%
New York State Dormitory Authority	5.000%	08/01/2033	0.2%
Metropolitan Transportation Authority	5.000%	11/15/2034	0.2%
New York State Dormitory Authority	5.000%	07/01/2028	0.2%
Port Authority of New York & New Jersey	5.000%	10/15/2041	0.2%
Port Authority of New York & New Jersey	5.000%	09/15/2028	0.2%
New York State Dormitory Authority	5.000%	07/01/2029	0.2%
New York City Water & Sewer System	5.250%	06/15/2047	0.2%
Port Authority of New York & New Jersey	5.000%	04/01/2036	0.2%
Erie County Industrial Development Agency/The	5.000%	05/01/2028	0.2%
Dutchess County Local Development Corp	5.000%	07/01/2045	0.2%
Dutchess County Local Development Corp	5.000%	07/01/2051	0.2%
Port Authority of New York & New Jersey	5.000%	09/15/2034	0.2%
City of New York NY	5.000%	08/01/2026	0.2%
New York State Urban Development Corp	5.000%	03/15/2040	0.2%
Suffolk Tobacco Asset Securitization Corp	5.250%	06/01/2037	0.2%
TSASC Inc/NY	5.000%	06/01/2034	0.2%
Brookhaven Local Development Corp	5.000%	10/01/2050	0.2%
City of New York NY	5.000%	10/01/2039	0.2%
New York State Dormitory Authority	5.000%	02/15/2039	0.2%
Triborough Bridge & Tunnel Authority	5.000%	11/15/2038	0.2%
Metropolitan Transportation Authority	5.000%	11/15/2041	0.2%
New York Counties Tobacco Trust IV	0.000%	06/01/2060	0.2%
New York State Dormitory Authority	5.000%	07/01/2039	0.2%
Port Authority of New York & New Jersey	5.000%	10/15/2033	0.2%
New York Transportation Development Corp	4.000%	12/01/2041	0.2%
Puerto Rico Electric Power Authority	0.000%	07/01/2036	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%
Troy Capital Resource Corp	4.000%	09/01/2040	0.2%
New York State Urban Development Corp	4.000%	03/15/2045	0.2%
Long Island Power Authority	4.000%	09/01/2039	0.2%
New York City Transitional Finance Authority Futur	4.000%	08/01/2039	0.2%
New York State Dormitory Authority	5.000%	12/01/2026	0.2%
New York State Dormitory Authority	4.000%	07/01/2045	0.2%
Metropolitan Transportation Authority	5.000%	11/15/2045	0.2%
Westchester County Local Development Corp	5.000%	11/01/2033	0.2%
New York State Dormitory Authority	5.000%	05/01/2028	0.2%
Monroe County Industrial Development Corp/NY	4.000%	07/01/2043	0.2%
New York State Dormitory Authority	5.000%	10/01/2027	0.2%
Westchester County Local Development Corp	5.000%	06/01/2047	0.2%
Westchester County Local Development Corp	5.000%	11/01/2034	0.2%
Long Island Power Authority	5.000%	09/01/2039	0.2%
Build NYC Resource Corp	5.000%	06/01/2040	0.2%
New York Liberty Development Corp	7.250%	11/15/2044	0.2%
Niagara Frontier Transportation Authority	5.000%	04/01/2027	0.2%
Buffalo & Erie County Industrial Land Development	5.000%	11/15/2037	0.2%
Southold Local Development Corp	5.000%	12/01/2045	0.2%
Nassau County Tobacco Settlement Corp	0.000%	06/01/2060	0.2%
Brookhaven Local Development Corp	4.000%	11/01/2045	0.2%
Broome County Local Development Corp	3.000%	04/01/2036	0.2%
Brookhaven Local Development Corp	4.000%	11/01/2055	0.2%
Long Island Power Authority	5.000%	09/01/2025	0.2%
New York City Industrial Development Agency	3.000%	01/01/2046	0.2%
Niagara Frontier Transportation Authority	5.000%	04/01/2036	0.2%
New York Liberty Development Corp	5.000%	09/15/2040	0.2%
New York State Dormitory Authority	3.000%	02/01/2050	0.2%
Suffolk Tobacco Asset Securitization Corp	6.625%	06/01/2044	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%
New York City Housing Development Corp	4.500%	02/15/2048	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%
New York State Bridge Authority	4.000%	01/01/2027	0.2%
New York Liberty Development Corp	5.000%	11/15/2031	0.2%
Tompkins County Development Corp	5.000%	07/01/2044	0.2%
Erie Tobacco Asset Securitization Corp	0.000%	06/01/2060	0.2%
Metropolitan Transportation Authority	5.000%	11/15/2028	0.2%
New York Transportation Development Corp	4.000%	10/31/2041	0.2%
Hempstead Town Local Development Corp	5.000%	07/01/2034	0.2%
Erie County Industrial Development Agency/The	5.250%	05/01/2032	0.2%
New York State Dormitory Authority	5.000%	07/01/2032	0.2%
New York State Dormitory Authority	5.000%	05/01/2023	0.2%
New York State Dormitory Authority	5.000%	07/01/2028	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%
Port Authority of New York & New Jersey	4.000%	11/01/2059	0.2%
Niagara Frontier Transportation Authority	5.000%	04/01/2038	0.2%
Hudson Yards Infrastructure Corp	5.750%	02/15/2047	0.2%
New York State Dormitory Authority	4.000%	07/01/2037	0.2%
Territory of Guam	4.000%	01/01/2042	0.2%
New York Liberty Development Corp	5.150%	11/15/2034	0.2%
Erie Tobacco Asset Securitization Corp	0.000%	06/01/2055	0.2%
City of Syracuse NY	4.000%	05/15/2034	0.2%
Metropolitan Transportation Authority	5.250%	11/15/2032	0.1%
Hempstead Town Local Development Corp	5.000%	07/01/2037	0.1%
Guam Government Waterworks Authority	5.000%	01/01/2050	0.1%
Buffalo & Fort Erie Public Bridge Authority	5.000%	01/01/2034	0.1%
Dutchess County Local Development Corp	6.000%	10/01/2030	0.1%
Buffalo Municipal Water Finance Authority	5.000%	07/01/2043	0.1%
Nassau County Local Economic Assistance Corp	5.000%	07/01/2027	0.1%
New York Transportation Development Corp	5.000%	12/01/2034	0.1%
New York State Dormitory Authority	5.000%	07/01/2028	0.1%
New York State Dormitory Authority	4.000%	08/01/2038	0.1%
Nassau County Local Economic Assistance Corp	5.000%	07/01/2033	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%	07/01/2035	0.1%
New York State Dormitory Authority	5.000%	08/01/2035	0.1%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit	5.000%	07/01/2030	0.1%
TSASC Inc/NY	5.000%	06/01/2041	0.1%
Monroe County Industrial Development Corp/NY	4.000%	12/01/2035	0.1%
Puerto Rico Commonwealth Aqueduct & Sewer Authorit	5.000%	07/01/2047	0.1%
Dutchess County Local Development Corp	5.000%	07/01/2034	0.1%
Rockland Tobacco Asset Securitization Corp	0.000%	08/15/2060	0.1%
Metropolitan Transportation Authority	5.250%	11/15/2034	0.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2031	0.1%
Hempstead Town Local Development Corp	5.000%	06/01/2029	0.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.329%	07/01/2040	0.1%
New York State Dormitory Authority	4.000%	07/01/2034	0.1%
Troy Capital Resource Corp	4.000%	09/01/2032	0.1%
New York State Dormitory Authority	5.000%	07/01/2032	0.1%
New York State Environmental Facilities Corp	2.750%	09/01/2050	0.1%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2033	0.1%
Westchester County Local Development Corp	5.000%	07/01/2042	0.1%
Guam Power Authority	5.000%	10/01/2021	0.1%
Monroe Tobacco Asset Securitization Corp	0.000%	06/01/2061	0.1%
New York State Dormitory Authority	5.000%	08/01/2034	0.1%
Monroe County Industrial Development Corp/NY	4.000%	12/01/2036	0.1%
Guam Government Waterworks Authority	5.000%	07/01/2036	0.1%
Dutchess County Local Development Corp	5.000%	07/01/2033	0.1%
New York City Water & Sewer System	0.020%	06/15/2045	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%
New York State Dormitory Authority	4.000%	08/01/2036	0.1%
Niagara Frontier Transportation Authority	5.000%	04/01/2039	0.1%
Hempstead Town Local Development Corp	5.000%	06/01/2032	0.1%
Albany Capital Resource Corp	5.000%	05/01/2030	0.1%
New York Transportation Development Corp	4.000%	12/01/2039	0.1%
Hempstead Town Local Development Corp	5.000%	06/01/2031	0.1%
New York State Dormitory Authority	4.000%	07/01/2036	0.1%
Metropolitan Transportation Authority	4.000%	11/15/2035	0.1%
TSASC Inc/NY	5.000%	06/01/2035	0.1%
Troy Capital Resource Corp	4.000%	09/01/2036	0.1%
Buffalo & Erie County Industrial Land Development	5.000%	07/01/2025	0.1%
New York City Industrial Development Agency	0.000%	03/01/2044	0.1%
County of Erie NY	5.000%	09/15/2028	0.1%
Dutchess County Local Development Corp	5.000%	07/01/2046	0.1%
Dutchess County Local Development Corp	5.000%	07/01/2034	0.1%
Troy Capital Resource Corp	4.000%	09/01/2031	0.1%
Monroe County Industrial Development Corp/NY	5.000%	12/01/2034	0.1%
Albany Capital Resource Corp	5.000%	05/01/2032	0.1%
New York State Dormitory Authority	5.000%	07/01/2027	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%
Hempstead Town Local Development Corp	5.000%	06/01/2030	0.0%
City of New Rochelle NY	5.000%	07/01/2030	0.0%
Metropolitan Transportation Authority	5.000%	11/15/2030	0.0%
City of New Rochelle NY	5.000%	07/01/2028	0.0%
New York City Industrial Development Agency	0.000%	03/01/2043	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 State Dormitory Authority	4.000%	01/01/2043	0.0%
Westchester County Local Development Corp	5.000%	07/01/2034	0.0%
Troy Capital Resource Corp	4.000%	09/01/2035	0.0%
Build NYC Resource Corp	4.500%	01/01/2025	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.784%	07/01/2058	0.0%
Puerto Rico Infrastructure Financing Authority	0.000%	10/01/2037	0.0%
Troy Capital Resource Corp	4.000%	09/01/2034	0.0%
New York City Industrial Development Agency	0.000%	03/01/2047	0.0%
New York State Thruway Authority	5.000%	01/01/2032	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	4.550%	07/01/2040	0.0%
Commonwealth of Puerto Rico	0.000%	07/01/2033	0.0%
Commonwealth of Puerto Rico	0.000%	07/01/2028	0.0%
Puerto Rico Sales Tax Financing Corp Sales Tax Rev	0.000%	07/01/2029	0.0%
Troy Capital Resource Corp	4.000%	09/01/2033	0.0%
TSASC Inc/NY	5.000%	06/01/2036	0.0%
Westchester County Healthcare Corp/NY	6.000%	11/01/2030	0.0%
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%
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 07/23/2021: $0.130
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	06/30/2021	$0.02117	$12.22
Daily	Daily	05/31/2021	$0.02143	$12.17
Daily	Daily	04/30/2021	$0.02186	$12.09
Daily	Daily	03/31/2021	$0.02138	$11.94
Daily	Daily	02/28/2021	$0.02308	$11.87
Daily	Daily	01/31/2021	$0.02165	$12.12

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	07/31/2021
Daily	Daily	08/31/2021
Daily	Daily	09/30/2021
Daily	Daily	10/31/2021
Daily	Daily	11/30/2021
Daily	Daily	12/31/2021

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
12/21/2021	12/22/2021

Fees & Expenses

Sales Charge Schedule as of 07/23/2021

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$12.60
$100,000 to $249,999	1.75%	1.50%	$12.54
$250,000 to $499,999	1.25%	1.00%	$12.48
$500,000 to $999,999	0.00%	1.00%	$12.32
$1,000,000 to $5,000,000	0.00%	1.00%	$12.32

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.

For Sales Charge Reductions and Waivers Click here.

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.
Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

purchases of $1 million or more (may be subject to a CDSC);
purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

Expense Ratioas of 06/30/2021

Expense ratio details, Click here.

Fund Documents

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n/a	Portfolio Holdings 1Q Publish Date:11/03/2015
n/a	Portfolio Holdings 3Q Publish Date:11/03/2015
	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

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.

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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

Class A Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

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.

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Securing a sustainable future forour clients, our people, and our world. Inspired by our mission, we are committed to creating long-term financial security for our clients, empowering our people, advancing our communities, and ensuring a vibrant future for our planet.

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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 07/23/2021

30-Day Standardized Yield 2 as of 06/30/2021

Fund Basicsas of 06/30/2021

Expense Ratioas of 06/30/2021

Fund Expense Ratio :

0.78%

Fund Expense Ratio :

0.78%

Fund Expense Ratio :

0.78%

Fund Expense Ratio :

0.78%

RELATED CONTENT

Credit Quality Distribution as of 06/30/2021 View Portfolio

INVESTMENT TEAM

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Performance

Performance

Dividend Yield 1 as of 07/23/2021

30-Day Standardized Yield 2 as of 06/30/2021

Fund Expense Ratio :

0.78%

Fund Expense Ratio :

0.78%

Fund Expense Ratio :

0.78%

Fund Expense Ratio :

0.78%

Growth of $10,000 as of 06/30/2021

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 06/30/2021

Portfolio Details as of 06/30/2021

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Capital Gains Distributions

Upcoming Capital Gain Distribution

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 07/23/2021

Expense Ratioas of 06/30/2021

Securing a sustainable future for
our clients, our people, and our world.

Inspired by our mission, we are committed to creating long-term financial security for our clients, empowering our people, advancing our communities, and ensuring a vibrant future for our planet.

Dividend Yield ¹ as of 07/23/2021

30-Day Standardized Yield ² as of 06/30/2021

Dividend Yield ¹ as of 07/23/2021

30-Day Standardized Yield ² as of 06/30/2021