2 / 5 Stars
4 4 2 5 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#12 in Muni New York Long
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 -2.13 percent over the past year, and 5.50 percent over the past three years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.2%|
|3 Years (Annualized)||5.5%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide a high level of current income exempt from regular federal, New York State and New York City income taxes; preservation of capital is a secondary objective. The fund will normally invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal, New York state and New York City income taxes and that do not subject the investors to federal AMT. It will invest primarily in debt securities rated BBB- or better or Baa3 or better. The fund may also invest in bonds exempt from federal and state taxation that are used to fund private projects.
Fees are Above Average compared to funds in the same category.
American Funds Tax-Exempt Fund of New York® has an expense ratio of 0.59 percent.
Risk is Average compared to funds in the same category according to Morningstar.