John Hancock New York Tax Free Income Fund

Scorecard
2 / 5 Stars
Lipper
1 1 2 1 1
Zacks Investment Research
4 (Sell)
Standard & Poor's
2 / 5 Stars
TheStreet.com
C- (Hold)

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.

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Performance

The fund has returned -4.36 percent over the past year, 4.19 percent over the past three years, 4.43 percent over the past five years, and 2.93 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.3%
1 Year -4.4%
3 Years (Annualized) 4.2%
5 Years (Annualized) 4.4%
10 Years (Annualized) 2.9%

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Summary

The investment seeks a high level of current income, consistent with preservation of capital, that is exempt from federal, New York State and New York City personal income taxes. The fund normally invests at least 80% of its net assets, plus amounts borrowed for investment purposes, in securities of any maturity exempt from federal and New York personal income taxes. It may invest up to 33% of its net assets in bonds rated as low as BB by S&P or Fitch or Ba by Moody's or their unrated equivalents.

Fees

Fees are High compared to funds in the same category.
John Hancock New York Tax Free Income Fund has an expense ratio of 1.64 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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