4 / 5 Stars
2 3 2 1 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#10 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.
The fund has returned -3.23 percent over the past year, 4.87 percent over the past three years, 5.23 percent over the past five years, and 3.46 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.9%|
|3 Years (Annualized)||4.9%|
|5 Years (Annualized)||5.2%|
|10 Years (Annualized)||3.5%|
The investment seeks to maximize current income exempt from federal, New York state and New York city income taxes to the extent consistent with the preservation of capital. To pursue its goal, the fund normally invests substantially all of its net assets in municipal bonds that provide income exempt from federal, New York state and New York city income taxes. It invests at least 70% of its assets in municipal bonds rated, at the time of purchase, investment grade (i.e., Baa/BBB or higher) or the unrated equivalent. For additional yield, the fund may invest up to 30% of its assets in municipal bonds rated below investment grade. It is non-diversified.
Fees are High compared to funds in the same category.
Dreyfus New York AMT-Free Municipal Bond Fund has an expense ratio of 0.91 percent.
Risk is High compared to funds in the same category according to Morningstar.