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Zacks Investment Research
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 4.25 percent over the past year, 4.23 percent over the past three years, 3.96 percent over the past five years, and 3.38 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||0.9%|
|3 Years (Annualized)||4.2%|
|5 Years (Annualized)||4.0%|
|10 Years (Annualized)||3.4%|
The investment seeks high current income exempt from federal and New York income tax; capital appreciation is a secondary objective. The fund normally invests at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from regular federal income tax and New York income tax ("New York Municipal Bonds"). It may invest without limitation in "private activity" bonds whose interest is a tax-preference item for purposes of the federal alternative minimum tax ("AMT"). The fund may invest in derivative instruments. It is non-diversified.
Fees are High compared to funds in the same category.
PIMCO New York Municipal Fund has an expense ratio of 1.52 percent.
Risk is Low compared to funds in the same category according to Morningstar.