4 / 5 Stars
5 5 4 1 5
Zacks Investment Research
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 4.22 percent over the past year, 4.21 percent over the past three years, 4.68 percent over the past five years, and 3.99 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||3.7%|
|3 Years (Annualized)||4.2%|
|5 Years (Annualized)||4.7%|
|10 Years (Annualized)||4.0%|
The investment seeks to obtain as high a level of current income exempt from federal, New York State and New York City individual income taxes as is consistent with preservation of capital. The fund normally invests at least 80% of assets in municipal obligations originating in New York State which are exempt from New York State and regular federal income taxes, and normally invests 100% of assets in municipal obligations originating in New York or issued by United States territories and possessions. It may invest up to 20% of assets in taxable securities. The fund is non-diversified.
Fees are Low compared to funds in the same category.
Thornburg New York Intermediate Municipal Bond Fund has an expense ratio of 0.67 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.