LONYX

About LONYX

Lord Abbett New York Tax Free Fund Class F3 is a municipal bond mutual fund focused on providing income that is exempt from both federal and New York State personal income taxes. The fund primarily invests in a diversified portfolio of municipal bonds issued by New York State and its local governments, spanning sectors such as transportation, healthcare, education, utilities, special tax, and general obligation bonds. With approximately 300 holdings and total net assets of about $580 million as of June 2025, the fund aims to deliver monthly tax-advantaged distributions, making it particularly relevant for investors seeking to maximize after-tax income within the state. The fund maintains an expense ratio of 0.55% and is actively managed, allowing its managers to adjust allocations in response to changing market and credit conditions. Its role in the financial market is to support community infrastructure and services in New York while offering investors a potential hedge against both federal and state income tax liabilities, especially useful for residents and institutions subject to higher state tax rates.