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

    Average Yield to Worst as of 03/31/2025

    4.60%

    Distribution Yield as of 05/01/2025  

    3.47%

    30-Day Standardized Yield 1 as of 03/31/2025  

    3.61%

    Fund Basicsas of 03/31/2025

    Total Net Assets
    $590.59 M
    Inception Date
    04/02/1984
    Dividend Frequency
    Monthly
    Fund Gross Expense Ratio
    0.78%
    Fund Net Expense Ratio
    0.78%
    Number of Holdings
    296
    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
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 04/02/1984
    w/o sales charge -1.63% 1.24% 1.95% 1.43% 1.86% 5.33%
    Lipper Category Avg. New York Municipal Debt Funds -10000.0% -10000.0% -10000.0% -10000.0% -10000.0% -10000.0%
    Bloomberg Municipal Bond Index -1.03% 1.66% 2.21% 1.17% 2.10% -10000.0%
    w/ sales charge -3.80% -1.01% 1.17% 0.98% 1.63% 5.27%

    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
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 04/02/1984
    w/o sales charge -0.96% 0.67% 0.86% 0.96% 1.86% 5.36%
    Lipper Category Avg. New York Municipal Debt Funds -0.95% 0.88% 0.98% 0.94% 1.81% -10000.0%
    Bloomberg Municipal Bond Index -0.22% 1.22% 1.53% 1.07% 2.13% -10000.0%
    w/ sales charge -3.15% -1.63% 0.09% 0.51% 1.63% 5.30%

    Fund Expense Ratio :

    Gross 0.78%

    Net 0.78%

    Sector Assets
    Special Tax
    Transportation
    IDR/PCR
    Healthcare/Hospital
    Education
    Water & Sewer
    GO Local
    Lease
    Housing
    Power
    GO State
    Other
    VRDN
    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 03/31/2025 View Portfolio

    Rating Assets
    AAA
    AA
    A
    BBB
    < BBB
    Not Rated

     

    LEAD PORTFOLIO MANAGERS

    Solender-Dan_headshot

    Daniel S. Solender, CFA
    Partner, Director of Tax Free Fixed Income
    38 Years of Industry Experience

    Raleigh-Thomas_headshot

    Thomas J. Raleigh, CFA
    Associate Portfolio Manager
    8 Years of Industry Experience

    Herman-Phil_headshot

    Philip B. Herman
    Partner, Portfolio Manager
    26 Years of Industry Experience

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    Performance

    Performance

    Average Yield to Worst as of 03/31/2025

    4.60%

    Distribution Yield as of 05/01/2025  

    3.47%

    30-Day Standardized Yield 1 as of 03/31/2025  

      Subsidized2 Un-Subsidized3
    w/o sales charge 3.61% 3.61%

    Fund Expense Ratio :

    Gross 0.78%

    Net 0.78%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/02/1984
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 04/02/1984
    w/o sales charge -1.63% 1.24% 1.95% 1.43% 1.86% 5.33%
    Lipper Category Avg. New York Municipal Debt Funds -10000.0% -10000.0% -10000.0% -10000.0% -10000.0% -10000.0%
    Bloomberg Municipal Bond Index -1.03% 1.66% 2.21% 1.17% 2.10% -10000.0%
    w/ sales charge -3.80% -1.01% 1.17% 0.98% 1.63% 5.27%

    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
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 04/02/1984
    w/o sales charge -0.96% 0.67% 0.86% 0.96% 1.86% 5.36%
    Lipper Category Avg. New York Municipal Debt Funds -0.95% 0.88% 0.98% 0.94% 1.81% -10000.0%
    Bloomberg Municipal Bond Index -0.22% 1.22% 1.53% 1.07% 2.13% -10000.0%
    w/ sales charge -3.15% -1.63% 0.09% 0.51% 1.63% 5.30%

    Fund Expense Ratio :

    Gross 0.78%

    Net 0.78%

    Year Fund Returns Bloomberg Municipal Bond Index
    Year
    Fund Returns
    Bloomberg Municipal Bond Index
    2024 1.86% 1.05%
    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% -10000.0%
    2013 -4.90% -10000.0%
    2012 10.52% -10000.0%
    2011 9.38% -10000.0%
    2010 1.28% -10000.0%
    2009 22.90% -10000.0%
    2008 -12.60% -10000.0%
    2007 0.10% -10000.0%
    2006 4.65% -10000.0%
    2005 2.75% -10000.0%
    Year Q1 Q2 Q3 Q4
    Year
    Q1
    Q2
    Q3
    Q4
    2025 -0.96% -10000.0% -10000.0% -10000.0%
    2024 0.21% 0.41% 2.40% -1.14%
    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 04/30/2025

    NAV Historical Prices

    Date Net Asset Value

    Portfolio

    Portfolio

    Sector Assets
    Special Tax
    Transportation
    IDR/PCR
    Healthcare/Hospital
    Education
    Water & Sewer
    GO Local
    Lease
    Housing
    Power
    GO State
    Other
    VRDN
    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 03/31/2025

    Rating Assets
    AAA
    AA
    A
    BBB
    < BBB
    Not Rated

    Portfolio Details as of 03/31/2025

    Total Net Assets
    $590.59 M
    Average Effective Duration
    8.51 Years
    Average Effective Maturity
    21.5 Years
    Number of Issues
    296
    Average Yield to Worst
    4.60%
    Distribution Yield (as of 05/01/2025)
    3.47%

    Dividends & Cap Gains

    Dividends & Cap Gains

    Dividend Payments

    For
    YTD Dividends Paidas of 05/01/2025
    $0.11864
    Dividend Frequency
    Monthly (Daily Accrual)
    Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
    Daily Daily 04/30/2025 $0.02991 $10.34
    Daily Daily 03/31/2025 $0.02944 $10.44
    Daily Daily 02/28/2025 $0.03013 $10.68
    Daily Daily 01/31/2025 $0.02916 $10.61

    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 05/31/2025
    Daily Daily 06/30/2025
    Daily Daily 07/31/2025
    Daily Daily 08/31/2025
    Daily Daily 09/30/2025
    Daily Daily 10/31/2025
    Daily Daily 11/30/2025
    Daily Daily 12/31/2025

    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 05/01/2025

      Sales Charge Dealer's Concession Prices at Breakpoint
    Less than $100,000 2.25% 2.00% $10.58
    $100,000 to $249,999 1.75% 1.50% $10.52
    Greater than $250,000 0.00% 1.00% $10.34

    Expense Ratioas of 03/31/2025

    Fund Gross Expense Ratio 0.78%
    Fund Net Expense Ratio 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 Tailored Shareholder Report
    Publish Date:11/03/2015
    Fact Sheet
    Publish Date:11/03/2015
    * includes items 7-11 of form N-CSR as required, if any.

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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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