4 / 5 Stars
4 5 3 5 5
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#2 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 6.06 percent over the past year, 6.25 percent over the past three years, 5.74 percent over the past five years, and 4.64 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.3%|
|3 Years (Annualized)||6.2%|
|5 Years (Annualized)||5.7%|
|10 Years (Annualized)||4.6%|
The investment seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal, New York state, and New York City income taxes. The fund normally invests at least 80% of assets in bonds that pay interest exempt from federal, New York State, and New York City income taxes, and at least 80% of the fund's income is exempt from federal, New York State, and New York City income taxes. Its weighted average maturity is expected to exceed 10 years. The fund may invest up to 10% of its total assets in noninvestment-grade securities. It is non-diversified.
Fees are Above Average compared to funds in the same category.
T. Rowe Price New York Tax Free Bond Fund has an expense ratio of 0.49 percent.
Risk is Average compared to funds in the same category according to Morningstar.