Performance
Trailing returns
| 1 day |
| -0.06% | |||
| 1 week |
| -0.15% | |||
| 4 week |
| -0.02% | |||
| 3 month | +0.19% |
| |||
| YTD | +0.92% |
| |||
| 1 year | +3.79% |
| |||
| 3 years* | +5.01% |
| |||
| 5 years* | +5.29% |
| |||
| *annualized | |||||
| Best 3 month return | +7.56% | |
| Worst 3 month return | -5.99% |
Morningstar statistics
Morningstar category: Muni New York Long
| Return | Risk | Rating | |
| 3 years | Average | Average |
 
|
| 5 years | Average | Below Average |
|
| 10 years | Below Average | Low |
|
| Overall | Average | Below Average |
|
Key statistics
| Total assets | 1.05B | |
| Front load | - | |
| Deferred load | 1.00% | |
| Expense ratio | 1.29% | |
| Management fee | - | |
| Fund family | Legg Mason |
Asset allocation
| Cash | 0.09% | |
| Stocks | 0.00% | |
| Bonds | 104.11% | |
| Other | -4.20% |
Purchase information
| Initial | US$1,000 | |
| Additional | US$50 | |
| AIP Initial | US$50 | |
| AIP Additional | US$50 |
14.250.00(0.00%)
May 24, 4:00PM EDT
Overall Morningstar RatingTM
Description
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. The fund normally 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. It may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio. The fund is non-diversified.
Fund filings (PDF) »
Fund filings (PDF) »
Asset managers:
Dennis McNamara (Started: Sep 1, 2012)
Stephen Walsh (Started: May 17, 2007)
David Fare (Started: Dec 30, 1998)
Robert Amodeo (Started: May 17, 2007)
Dennis McNamara (Started: Sep 1, 2012)
Stephen Walsh (Started: May 17, 2007)
David Fare (Started: Dec 30, 1998)
Robert Amodeo (Started: May 17, 2007)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | -1.41 | -1.51 | -0.35 | 0.28 | |
| Beta* | 1.22 | 1.10 | 0.97 | 0.68 | |
| Mean annual return | 0.40 | 0.43 | 0.46 | 0.36 | |
| R-squared* | 98.38 | 91.34 | 84.54 | 64.02 | |
| Standard deviation | 3.48 | 4.33 | 4.98 | 3.86 | |
| Sharpe ratio | 1.34 | 1.18 | 1.04 | 0.65 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| Puerto Rico Elec Pwr Auth 5.25% | 3.38% | |
| Liberty N Y Dev Corp Rev Rev Bds 5.5% | 3.29% | |
| New York N Y City Transitional Bld 5.25% | 3.13% | |
| New York N Y Go Bds 5% | 3.09% | |
| New York St Dorm Auth 5% | 2.88% | |
| New York St Dorm Auth 5.5% | 2.83% | |
| New York N Y City Transitional Future 5% | 2.79% | |
| New York St Dorm Auth 5% | 2.74% | |
| New York Liberty Dev Corp Libe Se 5.125% | 2.49% | |
| New York N Y Adj Go Bd | 2.46% |