2 / 5 Stars
3 2 3 5 1
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#20 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 4.94 percent over the past year, 5.34 percent over the past three years, 5.42 percent over the past five years, and 4.62 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.4%|
|3 Years (Annualized)||5.3%|
|5 Years (Annualized)||5.4%|
|10 Years (Annualized)||4.6%|
The investment seeks to provide investors with as high a level of income exempt from federal, New York State and New York City personal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from New York State personal income taxes. In addition, it invests at least 65% of its total assets, although it generally invests more, in securities that pay interest free from New York City personal income taxes.
Fees are Above Average compared to funds in the same category.
Franklin New York Tax Free Income Fund has an expense ratio of 0.60 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.
The fund's Value Line Overall Rank, a measure of risk-adjusted performance and relative growth in fund returns, is 3 on a scale of 1 to 5, with 1 being the best and 5 the worst.Value Line 2013-03-12
The fund's Value Line Growth Persistence rank, which awards funds that consistently outperform their broad universes, is 3 for one year, 3 for five years, and 2 for 10 years. Scores are on a 1 to 5 scale, with 1 being the best and 5 the worst.Value Line 2013-03-12
The fund's Value Line Risk Rank, a measure of volatility, is 3 on a scale of 1 to 5, with 1 being the least volatile and 5 the most.Value Line 2013-03-12