BNY Mellon New York Intermediate Tax-Exempt Bond Fund

Scorecard
3 / 5 Stars
Lipper
4 3 3 2 1
Zacks Investment Research
4 (Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B+ (Buy)

#8 in Muni New York Intermediate

U.S. News evaluated 12 Muni New York Intermediate 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 -1.15 percent over the past year, 4.10 percent over the past three years, 4.04 percent over the past five years, and 3.47 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 2.2%
1 Year -1.1%
3 Years (Annualized) 4.1%
5 Years (Annualized) 4.0%
10 Years (Annualized) 3.5%

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Summary

The investment seeks current income exempt from New York City, New York State, and federal income taxes as is consistent with the preservation of capital. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal, New York state and New York city personal income taxes. Generally, the fund's average effective portfolio maturity will be between three and ten years. The fund may invest in individual municipal and taxable bonds of any maturity or duration. It is non-diversified.

Fees

Fees are Low compared to funds in the same category.
BNY Mellon New York Intermediate Tax-Exempt Bond Fund has an expense ratio of 0.84 percent.

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Risk

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

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