3 / 5 Stars
4 4 3 4 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 -1.89 percent over the past year, 4.97 percent over the past three years, 3.95 percent over the past five years, and 3.32 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.3%|
|3 Years (Annualized)||5.0%|
|5 Years (Annualized)||3.9%|
|10 Years (Annualized)||3.3%|
The investment seeks to provide New York investors with as high a level of current income exempt from federal income tax and New York State and New York City personal income taxes as is consistent with the preservation of principal. The fund normally invests at least 80% of assets in investment grade "New York municipal securities" or other investments with similar economic characteristics. It focuses on investment grade bonds but may invest up to 20% of its assets in below investment grade bonds. The fund is non-diversified.
Fees are High compared to funds in the same category.
Western Asset Intermediate Maturity NY Municipals Fund has an expense ratio of 0.75 percent.
Risk is Average compared to funds in the same category according to Morningstar.