4 / 5 Stars
4 4 3 2 1
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
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.
The fund has returned -1.39 percent over the past year, 4.45 percent over the past three years, 3.95 percent over the past five years, and 3.78 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.2%|
|3 Years (Annualized)||4.4%|
|5 Years (Annualized)||4.0%|
|10 Years (Annualized)||3.8%|
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 are High compared to funds in the same category.
BNY Mellon New York Intermediate Tax-Exempt Bond Fund has an expense ratio of 0.59 percent.
Risk is Average compared to funds in the same category according to Morningstar.