Lord Abbett New York Tax-Free C (NYLAX)
10.50 0.01(0.10%) Dec 5
* As of 30-Nov-13
Quotes delayed, except where indicated otherwise. Currency in USD.
- No Headlines available for NYLAX at this time.
|Symbol||% Assets||YTD Return %|
|New York St Engy Resh & Dev Gas Fa 5.08%||2.48||N/A|
|New York St Dorm Auth 5.25%||1.87||N/A|
|Triborough Brdg & Tunl Auth 4.75%||1.75||N/A|
|New York St Environmental Facs Wtr 4.75%||1.57||N/A|
|New York N Y City Tr Cultural Rev Bds 5%||1.52||N/A|
|Morningstar Overall Rating:|
|Category:||Muni New York Long|
|Annual Report Expense Ratio (net):||1.42%|
Performance & Risk
|5y Avg Return:||6.77%|
|Rank in Category (ytd):||64|
|% Rank in Category (ytd):||56.64%|
|Morningstar Risk Rating:||4|
The investment seeks the maximum amount of interest income exempt from federal income tax as is consistent with reasonable risk.
The fund uses the volatility of the Barclays Municipal Bond Index as an approximation of reasonable risk. It 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. If the interest on a municipal bond meets these standards, the fund will treat the bond as qualifying for purposes of the 80% requirement even if the issuer is located outside of New York State or New York City. It is non-diversified. View More