Lord Abbett New York Tax Free Fund

Scorecard
3 / 5 Stars
Lipper
3 3 2 4 5
Zacks Investment Research
2 (Buy)
Standard & Poor's
2 / 5 Stars
TheStreet.com
C+ (Hold)

U.S. News evaluated 25 Muni New York Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -2.67 percent over the past year, 5.10 percent over the past three years, 5.90 percent over the past five years, and 2.93 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.8%
1 Year -2.7%
3 Years (Annualized) 5.1%
5 Years (Annualized) 5.9%
10 Years (Annualized) 2.9%

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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.

Fees

Fees are High compared to funds in the same category.
Lord Abbett New York Tax Free Fund has an expense ratio of 1.43 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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