2 / 5 Stars
2 2 2 1 2
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
#22 in Muni New York Long
U.S. News evaluated 24 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 -5.32 percent over the past year, 2.19 percent over the past three years, 5.51 percent over the past five years, and 3.72 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-5.7%|
|3 Years (Annualized)||2.2%|
|5 Years (Annualized)||5.5%|
|10 Years (Annualized)||3.7%|
The investment seeks total return with an emphasis on income exempt from federal income tax and personal income tax, if any, of New York, but also considering capital appreciation. The fund invests, under normal market conditions, at least 80% of its net assets in securities and other investments, the interest on which is exempt from federal income tax and personal income tax, if any, of New York. The adviser normally invests the fund's assets primarily in municipal instruments. It primarily invests the fund's assets in investment grade debt instruments, but may also invest in less than investment grade quality debt instruments.
Fees are Above Average compared to funds in the same category.
MFS New York Municipal Bond Fund has an expense ratio of 0.86 percent.
Risk is Average compared to funds in the same category according to Morningstar.