MainStay New York Tax Free Opportunities Fund

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 7.16 percent over the past year.

Trailing Returns Updated 06.30.2014
Year to date 9.5%
1 Year 7.2%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks current income exempt from federal and New York state and, in some cases, New York local income taxes. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and New York income taxes. It generally invests in municipal bonds that have a maturity of five years or longer at the time of purchase.

Fees

Fees are Above Average compared to funds in the same category.
MainStay New York Tax Free Opportunities Fund has an expense ratio of 0.98 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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