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Lord Abbett New York Tax-Free C (NYLAX)

11.22 0.00(0.00%) Nov 21
Prev Close:11.22
YTD Return*:10.02%
Net Assets*:318.93M
Yield*:2.69%

* As of 31-Oct-14

Quotes delayed, except where indicated otherwise. Currency in USD.

Headlines

  • No Headlines available for NYLAX at this time.

Top Holdings

Symbol% AssetsYTD Return %
New York St Engy Resh & Dev Gas Fa 5.08%2.55N/A
Syracuse N Y Indl Dev Agy Pilo Pilot 5%1.62N/A
New York St Urban Dev Corp Rev Ctfs 5%1.59N/A
New York City N Y Indl Dev Agy Ref 5.25%1.50N/A
New York St Urban Dev Corp Rev Income 5%1.28N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:318.93M
Category:Muni New York Long
Annual Report Expense Ratio (net):1.43%

Performance & Risk

YTD Return:10.02%
5y Avg Return:4.86%
Rank in Category (ytd):34
% Rank in Category (ytd):28.81%
Beta (3y):1.30
Morningstar Risk Rating:4

Fund Summary

The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk. Under normal conditions, the fund invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal, New York State, and New York City personal income tax. It invests primarily in investment grade municipal bonds. The fund's dollar-weighted average maturity generally is expected to be between ten and twenty-five years, but will vary with market conditions. It is non-diversified. View More
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