4 / 5 Stars
5 5 2 1 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 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 -1.81 percent over the past year, 6.07 percent over the past three years, 6.22 percent over the past five years, and 3.89 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.7%|
|3 Years (Annualized)||6.1%|
|5 Years (Annualized)||6.2%|
|10 Years (Annualized)||3.9%|
The investment seeks to provide a high level of current interest income that is exempt from federal income tax and New York State and New York City personal income taxes. The fund invests primarily in long-term investment-grade securities issued by the state of New York, its political subdivisions, municipalities and public authorities, instrumentalities, and by other government entities. At least 80% of the fund's net assets will consist of New York tax-exempt securities. The fund's dollar-weighted average portfolio maturity is not restricted, but is expected to be greater than 10 years.
Fees are Above Average compared to funds in the same category.
USAA New York Bond Fund has an expense ratio of 0.85 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.