4 / 5 Stars
3 4 4 1 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 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 0.50 percent over the past year, 4.14 percent over the past three years, 4.01 percent over the past five years, and 3.33 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.1%|
|3 Years (Annualized)||4.1%|
|5 Years (Annualized)||4.0%|
|10 Years (Annualized)||3.3%|
The investment seeks to provide monthly dividends that are excluded from gross income for federal income tax purposes and are exempt from New York State and New York City personal income taxes; it also seeks to protect the value of the investors' investment. The fund normally invests at least 80% of the value of its assets in municipal obligations whose interest payments are excluded from gross income for federal income tax purposes and exempt from New York State and New York City personal income taxes, and not subject to the federal alternative minimum tax on individuals. The average dollar weighted maturity will be between three and ten years.
Fees are Low compared to funds in the same category.
JPMorgan New York Tax Free Bond Fund has an expense ratio of 0.66 percent.
Risk is Average compared to funds in the same category according to Morningstar.