3 / 5 Stars
4 5 3 2 1
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#10 in Muni New York Long
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 4.80 percent over the past year, 5.76 percent over the past three years, 5.83 percent over the past five years, and 4.82 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.3%|
|3 Years (Annualized)||5.8%|
|5 Years (Annualized)||5.8%|
|10 Years (Annualized)||4.8%|
The investment seeks to provide as high a level of current interest income exempt from regular federal, New York State and, in some cases, New York local income taxes as is consistent with preservation of capital. The fund invests at least 80% of its net assets municipal bonds that pay interest that is exempt from regular federal and New York personal income tax. The fund may invest without limit in securities that generate income subject to the alternative minimum tax. The fund is a long-term bond fund and, as such, will generally maintain an investment portfolio with an overall weighted average maturity of greater than 10 years.
Fees are Above Average compared to funds in the same category.
Nuveen New York Municipal Bond Fund has an expense ratio of 0.84 percent.
Risk is Average compared to funds in the same category according to Morningstar.