4 / 5 Stars
4 5 2 5 3
Zacks Investment Research
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 -2.14 percent over the past year, 6.36 percent over the past three years, 6.84 percent over the past five years, and 3.54 percent over the past decade.
|Trailing Returns||Updated 03.31.2014|
|Year to date||3.8%|
|3 Years (Annualized)||6.4%|
|5 Years (Annualized)||6.8%|
|10 Years (Annualized)||3.5%|
The investment seeks to provide investors with a high level of current income exempt from federal, New York State and New York City income taxes, consistent with preservation of capital. The fund invests, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in New York municipal securities at the time of investment. It invests primarily in investment grade New York municipal securities. The principal types of municipal debt securities purchased by the fund are revenue obligation and general obligation. The fund may not invest more than 20% of its net assets in unrated investment grade securities.
Fees are Above Average compared to funds in the same category.
Invesco New York Tax Free Income has an expense ratio of 0.78 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.