3 / 5 Stars
4 4 2 5 5
Zacks Investment Research
Standard & Poor's
3 / 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 4.49 percent over the past year, 3.97 percent over the past three years, 4.43 percent over the past five years, and 3.55 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||4.3%|
|3 Years (Annualized)||4.0%|
|5 Years (Annualized)||4.4%|
|10 Years (Annualized)||3.5%|
The investment seeks a high level of income exempt from federal income taxes and New York State and New York City personal income taxes. The fund normally invests at least 80% of its total assets in securities that pay interest free from federal income taxes, including the federal alternative minimum tax, and from New York State personal income taxes. It also invests at least 80% of its total assets in securities that pay interest free from the personal income taxes of New York City. It is possible that up to 20% of its assets may be invested securities that pay taxable interest, including interest that may be subject to the federal alternative minimum tax.
Fees are Low compared to funds in the same category.
Franklin New York Intermediate Tax-Free Income Fund has an expense ratio of 1.20 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.