3 / 5 Stars
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Zacks Investment Research
Standard & Poor's
3 / 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 -5.60 percent over the past year, 4.29 percent over the past three years, 4.18 percent over the past five years, and 3.31 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.6%|
|3 Years (Annualized)||4.3%|
|5 Years (Annualized)||4.2%|
|10 Years (Annualized)||3.3%|
The investment seeks as high a level of income exempt from federal income tax and New York state and New York City personal income taxes as is consistent with prudent investing. Under normal circumstances, the fund invests at least 80% of its assets in "New York municipal securities." New York municipal securities are securities and other investments with similar economic characteristics the interest on which is exempt from regular federal income tax and New York state and New York City personal income taxes but which may be subject to the federal alternative minimum tax. It is non-diversified.
Fees are High compared to funds in the same category.
Western Asset New York Municipals Fund has an expense ratio of 1.31 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.