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Morningstar

Lord Abbett New York Tax Free C NYLAX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 10.56  /  +0.10 %
  • Total Assets 503.4 Mil
  • Adj. Expense Ratio
    1.400%
  • Expense Ratio 1.400%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.39%
  • Effective Duration 7.74 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis NYLAX

Will NYLAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NYLAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NYLAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NYLAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Lord Abbett New York Tax Free C's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NYLAX

More NYLAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK TRANSN DEV CORP SPL FAC REV 5.25%

2.78 13.8 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 6%

2.22 11.0 Mil
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 5%

1.74 8.7 Mil
municipal

LIBERTY N Y DEV CORP REV 5.25%

1.73 8.6 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.38%

1.37 6.8 Mil
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25%

1.17 5.8 Mil
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.5%

1.16 5.8 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 5.5%

1.14 5.7 Mil
municipal

PORT AUTH N Y & N J 5%

1.14 5.6 Mil
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 2.88%

1.12 5.6 Mil
municipal