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Morningstar

Lord Abbett New York Tax Free I NYLIX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 10.49  /  0.10 %
  • Total Assets 434.3 Mil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.04%
  • Effective Duration 7.69 years

USD | NAV as of Jun 07, 2023 | 1-Day Return as of Jun 07, 2023, 10:15 PM GMT+0

Morningstar’s Analysis NYLIX

Will NYLIX 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 NYLIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the NYLIX 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 NYLIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NYLIX

More NYLIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 302
  • Other Holdings 4
  • % Assets in Top 10 Holdings 15.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK TRANSN DEV CORP SPL FAC REV 5.25%

3.22
13,796,752
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 5%

1.96
8,410,284
municipal

LIBERTY N Y DEV CORP REV 5.25%

1.93
8,289,602
municipal

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

1.34
5,759,153
municipal

PORT AUTH N Y & N J 5%

1.33
5,708,552
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 2.88%

1.25
5,375,494
municipal

PORT AUTH N Y & N J 5.5%

1.09
4,684,051
municipal

ONEIDA CNTY N Y LOC DEV CORP REV 4%

0.99
4,225,509
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 2.8%

0.98
4,186,061
municipal

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

0.97
4,167,946
municipal