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Lord Abbett New York Tax Free C NYLAX

Quantitative rating as of
NAV / 1-Day Return
10.40  /  0.01 %
Total Assets
434.7 Mil
Adj. Expense Ratio
1.420%
Expense Ratio
1.420%
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
1.98%
Effective Duration
9.91 years

Morningstar’s Analysis NYLAX

Will NYLAX outperform in future?

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

Summary

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

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