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Lord Abbett New York Tax Free A LANYX

Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 10.61  /  +0.31 %
  • Total Assets 503.0 Mil
  • Adj. Expense Ratio
    0.780%
  • 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 2.98%
  • Effective Duration 7.74 years

USD | NAV as of Apr 12, 2024 | 1-Day Return as of Apr 12, 2024, 10:14 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.

Lord Abbett New York Tax Free A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

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 second-highest quintile among peers.

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Portfolio Holdings LANYX

  • 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