USAA New York Bond Fund

Scorecard
4 / 5 Stars
Lipper
5 5 2 4 3
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
4 / 5 Stars
TheStreet.com
C- (Hold)

#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.

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Performance

The fund has returned 6.45 percent over the past year, 5.84 percent over the past three years, 6.42 percent over the past five years, and 4.76 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 6.7%
1 Year 6.5%
3 Years (Annualized) 5.8%
5 Years (Annualized) 6.4%
10 Years (Annualized) 4.8%

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Summary

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

Fees are Above Average compared to funds in the same category.
USAA New York Bond Fund has an expense ratio of 0.67 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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