Federated New York Municipal Income Fund

Scorecard
2 / 5 Stars
Lipper
3 3 2 3 2
Zacks Investment Research
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Standard & Poor's
3 / 5 Stars
TheStreet.com
C+ (Hold)

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.

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Performance

The fund has returned 5.08 percent over the past year, 4.82 percent over the past three years, 5.50 percent over the past five years, and 3.90 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 5.4%
1 Year 5.1%
3 Years (Annualized) 4.8%
5 Years (Annualized) 5.5%
10 Years (Annualized) 3.9%

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Summary

The investment seeks to provide current income exempt from federal regular income tax (federal regular income tax does not include the federal alternative minimum tax (AMT)) and the personal income taxes imposed by the state of New York and New York municipalities. The fund pursues its objective by investing its assets so that, normally (except as discussed herein), distributions of annual interest income are exempt from federal regular income tax and the personal income taxes imposed by the state of New York and New York municipalities. It is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
Federated New York Municipal Income Fund has an expense ratio of 0.76 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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