2 / 5 Stars
2 4 2 4 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
2 / 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 5.51 percent over the past year, 6.05 percent over the past three years, 5.13 percent over the past five years, and 3.89 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.5%|
|3 Years (Annualized)||6.0%|
|5 Years (Annualized)||5.1%|
|10 Years (Annualized)||3.9%|
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. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in New York municipal securities at the time of investment. It seeks to achieve the investment objective by investing primarily in a portfolio of New York municipal securities that are investment grade at the time of purchase. The fund is designed for investors who are residents of New York for New York tax purposes.
Fees are High compared to funds in the same category.
Invesco New York Tax Free Income has an expense ratio of 1.40 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.