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Lord Abbett New York Tax-Free F (LNYFX) Fund Ranking and Research

Ranking, Research and Recommendation of Lord Abbett New York Tax-Free F (LNYFX) Fund

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Graph of Lord Abbett New York Tax-Free F Fund (LNYFX) ManagerFund Manager - Daniel S. Solender

Fund Manager Information

Fund Manager Tenure: 12.9 years
Fund Family: Lord Abbett
Fund Category: Muni New York Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.67)     (What does this score mean?)
Mr. Solender is the lead portfolio manager of the municipal bond capabilities. Mr. Solender joined Lord Abbett in 2006 and was named Partner in 2008. His prior experience includes: Vice President and Portfolio Manager at Nuveen Investments; Principal and Portfolio Manager at Vanguard Group; Assistant Vice President and Portfolio Manager at Nuveen Advisory Corp.; Financial Analyst/Assistant Manager, Research and Product Development at Citibank. Mr. Solender received a BA from Columbia University and an MBA from the University of Chicago. He is the holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.  Get more insights on Daniel S. Solender

 

Graph of Lord Abbett New York Tax-Free F Fund (LNYFX) ProfileLord Abbett New York Tax-Free F Fund (LNYFX) Profile

Fund Profile and Description

Lord Abbett New York Tax-Free F Fund seeks interest income exempt from federal income tax and personal income tax of New York State and New York City. Lord Abbett New York Tax-Free F Fund invests at least 80% of net asset in municipal bonds with the interest exempt from federal, New York State and New York City’s income tax. It may invest up to 20% of net assets in municipal bonds rated below investment grade. It may invest up to 20% of net assets in other fixed income securities with interest subject to federal, New York State and New York City’s income tax. It may maintain the average weighted maturity between 10 and 25 years. It is non-diversified.

 

Lord Abbett New York Tax-Free F (LNYFX) Fund Strength What we like about Lord Abbett New York Tax-Free F (LNYFX) Fund

Data for Lord Abbett New York Tax-Free F Fund (LNYFX) as of May 30, 2016

  • Lord Abbett New York Tax-Free F Fund (LNYFX) management has been with Lord Abbett New York Tax-Free F Fund for 12.9 years
  • Lord Abbett New York Tax-Free F Fund (LNYFX) has good short-term performance (1-year return 6.23% vs 5.58% Muni New York Long category median performance)
  • Lord Abbett New York Tax-Free F Fund (LNYFX) has good mid-term performance (3-year return 4.18% vs 3.53% Muni New York Long category median performance)
  • Lord Abbett New York Tax-Free F Fund (LNYFX) has good Long-term performance (5-year return 5.72% vs 4.95% Muni New York Long category median performance)
  • Lord Abbett New York Tax-Free F Fund (LNYFX) ratio of up-years vs down years is greater than 2
  • Lord Abbett New York Tax-Free F Fund (LNYFX) has a Morningstar rating of 4 and above
  • Lord Abbett New York Tax-Free F Fund (LNYFX) has an annual stock turnover rate of 9.56% vs Muni New York Long average of 14.02%. It is good that Lord Abbett New York Tax-Free F management does not trade extensively for its return.
  • Lord Abbett New York Tax-Free F Fund (LNYFX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.23, lower than category average of 4.33
  • Lord Abbett New York Tax-Free F Fund (LNYFX) has a lower expense ratio than its Muni New York Long average: 0.69% vs 0.93%

Lord Abbett New York Tax-Free F Fund (LNYFX) Weakness What we are cautious about Lord Abbett New York Tax-Free F (LNYFX) Fund

Data for Lord Abbett New York Tax-Free F Fund (LNYFX) as of May 30, 2016

  • Even though Lord Abbett New York Tax-Free F Fund carries no load, it does have a 0.10% of 12b1 promotion, distributions, marketing expenses
See Lord Abbett New York Tax-Free F Fund (LNYFX) performance details as of May 30, 2016

 

What do you think?

 

Compare Lord Abbett New York Tax-Free F Fund (LNYFX)Compare with other top Muni New York Long category mutual funds

Aadditional top Muni New York Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Lord Abbett New York Tax-Free F3.276.234.185.72
Columbia New York Tax-Exempt A (COLNX)2.956.474.315.62Compare
Nuveen NY Municipal Bond A (NNYAX)2.976.554.335.16Compare

See top fund managers for Muni New York Long Category Funds

 

Compare Lord Abbett New York Tax-Free F Fund (LNYFX)Compare with Muni New York Long category ETFs

Some Muni New York Long ETFs for your consideration

ETFYear to DateOne YearThree Year
SPDR Nuveen Barclays NY Muni Bd ETF (INY)2.91%7.87%5.02%

 

Graph of Lord Abbett New York Tax-Free F Fund (LNYFX) Net Asset TrackingLord Abbett New York Tax-Free F (LNYFX) Fund Net Asset

Track net asset change of Lord Abbett New York Tax-Free F fund (LNYFX)

DateNet Asset
05/2016$413.41M
03/2016$395.99M
02/2016$397.05M
More historic net asset information on Lord Abbett New York Tax-Free F Fund (LNYFX)

  

Graph of Lord Abbett New York Tax-Free F Fund (LNYFX) Portfolio TrackingLord Abbett New York Tax-Free F (LNYFX) Fund Portfolio Allocation

Track portfolio allocation change of Lord Abbett New York Tax-Free F fund (LNYFX)

DateCashStockBondOther
03/20160.62%0%99.38%0%
12/20152.14%0%97.86%0%
09/20153%0%97%0%
Click here to see more historic asset allocation information on Lord Abbett New York Tax-Free F Fund (LNYFX)

 

graph of Lord Abbett New York Tax-Free F Fund (LNYFX) Top 10 Position TrackingTop 10 Holdings in Lord Abbett New York Tax-Free F (LNYFX) Fund

Discover what Lord Abbett New York Tax-Free F Fund (LNYFX) manager is buying

Mar 30, 2016
New York St Engy Resh & Dev Gas Fa 5.08% [2.03%]
Brooklyn Arena Loc Dev Corp N Rev 6.25% [1.64%]
New York Liberty Dev Corp Libe Rev Bd 5% [1.62%]
New York St Urban Dev Corp Rev State 5% [1.29%]
Syracuse N Y Indl Dev Agy Pilo Pilot 5% [1.27%]
Metropolitan Transn Auth 5.25% [1.19%]
New York City N Y Indl Dev Agy Ref 5.25% [1.15%]
New York St Urban Dev Corp Rev Income 5% [0.98%]
New York St Dorm Auth 5.25% [0.94%]

Dec 30, 2015
New York St Engy Resh & Dev Gas Fa 5.08% [2.03%]
New York Liberty Dev Corp Libe Rev Bd 5% [1.56%]
Brooklyn Arena Loc Dev Corp N Rev 6.25% [1.55%]
New York St Urban Dev Corp Rev State 5% [1.3%]
Syracuse N Y Indl Dev Agy Pilo Pilot 5% [1.28%]
New York City N Y Indl Dev Agy Ref 5.25% [1.16%]
New York N Y City Mun Wtr Fin Wtr And 5% [1.02%]
New York St Urban Dev Corp Rev Income 5% [0.98%]
New York St Dorm Auth 5.25% [0.93%]

Sep 29, 2015
New York St Engy Resh & Dev Gas Fa 5.08% [2.19%]
Brooklyn Arena Loc Dev Corp N Rev 6.25% [1.6%]
Syracuse N Y Indl Dev Agy Pilo Pilot 5% [1.38%]
New York Liberty Dev Corp Libe Rev Bd 5% [1.32%]
New York City N Y Indl Dev Agy Ref 5.25% [1.27%]
New York N Y City Mun Wtr Fin Wtr And 5% [1.1%]
New York St Urban Dev Corp Rev Income 5% [1.08%]
New York St Dorm Auth 5.25% [1.02%]
New York St Twy Auth 5% [0.94%]
Click here for Stock Holding Change Map in Lord Abbett New York Tax-Free F Fund (LNYFX)

  

Latest News on Lord Abbett New York Tax-Free F (LNYFX) Fund

See what is happening with Lord Abbett New York Tax-Free F Fund (LNYFX)

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Lord Abbett New York Tax-Free F Fund (LNYFX) Related ResourcesSee more information on Lord Abbett New York Tax-Free F (LNYFX) Fund

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