1 / 5 Stars
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 25 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 3.45 percent over the past year, and 5.08 percent over the past three years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||0.1%|
|3 Years (Annualized)||5.1%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to maximize total return through high current income that is exempt from federal and New York state and local income taxes. The portfolio managers primarily buy investment-grade debt securities and, under normal market conditions, will invest at least 80% of the fund's assets in debt securities with interest payments exempt from federal and New York state and local income taxes. The fund is permitted to invest up to 20% of its assets in below investment-grade securities. Under normal market conditions, the fund will maintain a weighted average maturity of more than ten years. It is non-diversified.
Fees are Above Average compared to funds in the same category.
American Century New York Tax-Free Fund has an expense ratio of 0.81 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.