2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 24 Muni New York Long 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 -4.66 percent over the past year, 1.90 percent over the past three years, 4.64 percent over the past five years, and 3.36 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-4.7%|
|3 Years (Annualized)||1.9%|
|5 Years (Annualized)||4.6%|
|10 Years (Annualized)||3.4%|
The investment seeks to earn the highest level of current income exempt from both federal income tax and New York State and City income tax that is available without assuming what the Adviser considers to be undue risk to principal or income. The fund invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax ("AMT") for certain taxpayers. It invests at least 80% of its net assets in municipal securities of New York or municipal securities with interest that is otherwise exempt from New York state income tax.
Fees are High compared to funds in the same category.
AllianceBernstein Municipal Income Fund New York Port has an expense ratio of 1.45 percent.
Risk is Low compared to funds in the same category according to Morningstar.