LONYX Fees and Costs — Lord Abbett New York Tax-Free Income Fund, Class F3
Data updated: 2026-08-28
The net expense ratio is 0.58%: a 0.45% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 29%.
LONYX Fees and Expenses
Annual operating expenses and sales charges of LONYX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.58% |
| Fee waiver | — |
| Net expense ratio | 0.58% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LONYX Costs Over Time
On $10,000 invested in LONYX, assuming 5% a year before costs, total costs come to $366 over 5 years, cutting the return by 0.61% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.58%) | $61 | $191 | $332 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $366 |
| Value after costs | $10,439 | $11,376 | $12,397 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
LONYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $671.7M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
LONYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $165.4M | 28.48% |
| Jefferies LLC | $74.8M | 12.87% |
| BNY Capital Markets, LLC | $73.7M | 12.70% |
| State Street Bank and Trust Company | $61.5M | 10.59% |
| Wells Fargo Securities, LLC | $48.1M | 8.28% |
| Goldman Sachs & Co. LLC | $44.7M | 7.70% |
| BofA Securities, Inc. | $39.2M | 6.76% |
| J.P. Morgan Securities LLC | $32.5M | 5.59% |
| Morgan Stanley & Co. LLC | $27.5M | 4.74% |
| RBC Capital Markets, LLC | $13.2M | 2.28% |
Lord Abbett New York Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LONYX | Class F3 | 0.58% | none |
| NYLIX | Class I | 0.61% | none |
| LNYFX | Class F | 0.71% | none |
| LANYX | Class A | 0.81% | 2.25% |
| NYLAX | Class C | 1.45% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.