Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Lord Abbett New York Tax Free A LANYX
- NAV / 1-Day Return 10.72 / +0.03 %
- Total Assets 532.0 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.780%
- Distribution Fee Level Average
- Share Class Type Front Load
- Category Muni New York Long
- Credit Quality / Interest Rate Sensitivity Medium/Extensive
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 3.05%
- Effective Duration 7.83 years
USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0
Morningstar’s Analysis LANYX
Will LANYX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 15.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% | 2.76 | 13.7 Mil | municipal |
NEW YORK TRANSN DEV CORP SPL FAC REV 6% | 2.20 | 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% | 1.65 | 8.2 Mil | municipal |
NEW YORK TRANSN DEV CORP SPL FAC REV 5.38% | 1.45 | 7.2 Mil | municipal |
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.25% | 1.36 | 6.8 Mil | municipal |
NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5.5% | 1.27 | 6.3 Mil | municipal |
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.5% | 1.12 | 5.6 Mil | municipal |
TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 5.5% | 1.11 | 5.5 Mil | municipal |
PORT AUTH N Y & N J 5% | 1.11 | 5.5 Mil | municipal |