2 / 5 Stars
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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 -3.32 percent over the past year, 4.18 percent over the past three years, 4.51 percent over the past five years, and 2.95 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.8%|
|3 Years (Annualized)||4.2%|
|5 Years (Annualized)||4.5%|
|10 Years (Annualized)||3.0%|
The investment seeks a high level of current income that is exempt from New York State and New York City personal income taxes and federal income taxes. The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in municipal securities whose income is free from regular federal and New York State personal income tax. It invests at least 65% of net assets in municipal securities and other securities that are exempt from New York City personal income taxes. The fund may invest up to 20% of net assets in securities whose income is subject to the federal AMT. It is non-diversified.
Fees are High compared to funds in the same category.
DWS New York Tax Free Income Fund has an expense ratio of 1.60 percent.
Risk is Average compared to funds in the same category according to Morningstar.