6.4 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.
| Scorecard | |
|---|---|
| Morningstar | 3 / 5 Stars |
| Lipper | 4 3 3 5 2 |
| Zacks Investment Research | 3 (Hold) |
| Standard & Poor's | 4 / 5 Stars |
| TheStreet.com | C (Hold) |
Fund Overview
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 preservation of 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. The fund only buys municipal securities rated in one of the top four ratings categories.
| Trailing Returns | Updated 03.31.2012 |
|---|---|
| Year to date | 1.9% |
| 1 Year | 12.3% |
| 3 Years (Annualized) | 7.1% |
| 5 Years (Annualized) | 4.9% |
| 10 Years (Annualized) | 5.0% |
Fund Opinion
The fund's Value Line Overall Rank, a measure of risk-adjusted performance and relative growth in fund returns, is 2 on a scale of 1 to 5, with 1 being the best and 5 the worst.
Value Line 2012-03-09
Performance
The fund has returned 12.27 percent over the past year, 7.07 percent over the past three years, 4.88 percent over the past five years, and 5.02 percent over the past decade.
Hypothetical Growth of $10,000
Updated 03.31.2012
The fund's Value Line Growth Persistence rank, which awards funds that consistently outperform their broad universes, is 3 for one year, 2 for five years, and 1 for 10 years. Scores are on a 1 to 5 scale, with 1 being the best and 5 the worst.
Value Line 2012-03-09
Holdings
Asset Allocation
| % Long | % Net | |
|---|---|---|
| Cash | 2.15 | 2.15 |
| Stocks | 0.0 | 0.0 |
| Bonds | 97.85 | 97.85 |
| Other | 0.0 | 0.0 |
| Foreign Bonds | 0.0 | 0.0 |
| Foreign Stocks | 0.0 | 0.0 |
| Convertible | 0.0 | 0.0 |
| Preferred | 0.0 | 0.0 |
Updated 12.31.2011
Top Holdings
Performance as of 03.31.2012
Portfolio as of 12.31.2011
| % Net Assets | |
|---|---|
| Sales Tax Asset Receivable Cor Sales 5% | 1.56 |
| Puerto Rico Sales Tax Fing Cor Rev Bd 6% | 1.51 |
| Liberty N Y Dev Corp Rev Rev Bds 5.25% | 1.37 |
| New York N Y City Transitional Bldg A 5% | 1.21 |
| Port Auth 5% | 1.2 |
Fees
Franklin New York Tax Free Income Fund has an expense ratio of 0.60 percent.
Risk
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 2012-03-09
