4 / 5 Stars
4 5 2 5 1
Zacks Investment Research
Standard & Poor's
3 / 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 -2.79 percent over the past year, 6.04 percent over the past three years, 6.10 percent over the past five years, and 3.67 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.0%|
|3 Years (Annualized)||6.0%|
|5 Years (Annualized)||6.1%|
|10 Years (Annualized)||3.7%|
The investment seeks total return, consisting of current income exempt from federal income tax and New York individual income tax and of capital appreciation, consistent with moderate fluctuation of principal. The fund normally invests at least 80% of its net assets in municipal bonds that pay interest exempt from federal income tax (including the federal alternative minimum tax) and New York individual income tax. It primarily invests in municipal securities that are rated investment grade. The fund also may invest up to 25% of its total assets in securities that are rated below investment grade. It is non-diversified.
Fees are High compared to funds in the same category.
Columbia New York Tax-Exempt Fund has an expense ratio of 1.23 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.