2 / 5 Stars
1 1 4 2 2
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 19 Muni Single State Short 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 1.80 percent over the past year, 1.47 percent over the past three years, 2.47 percent over the past five years, and 2.48 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||2.0%|
|3 Years (Annualized)||1.5%|
|5 Years (Annualized)||2.5%|
|10 Years (Annualized)||2.5%|
The investment seeks to provide safety of principal and maximize total return after taking account of federal, state and local taxes for New York residents. The fund normally invests at least 80% of assets in municipal securities rated A or better by national rating agencies (or, if unrated, determined by the manager, to be of comparable quality) and comparably rated municipal notes. It may invest more than 25% of its net assets in revenue bonds. The fund may also invest up to 20% of its net assets in fixed-income securities. It is non-diversified.
Fees are High compared to funds in the same category.
AllianceBernstein Intermediate New York Municipal Portfolio has an expense ratio of 1.55 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.