1 / 5 Stars
1 1 3 2 1
Zacks Investment Research
1 (Strong Buy)
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 -2.55 percent over the past year, 4.07 percent over the past three years, 3.93 percent over the past five years, and 3.00 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.7%|
|3 Years (Annualized)||4.1%|
|5 Years (Annualized)||3.9%|
|10 Years (Annualized)||3.0%|
The investment seeks a high level of current income, exempt from federal and New York State and City personal income taxes. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and New York State and City personal income taxes. It allocates assets across different market sectors and maturities. The fund potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. It is non-diversified.
Fees are High compared to funds in the same category.
Fidelity Advisor New York Municipal Income Fund has an expense ratio of 1.53 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.