T. Rowe Price New York Tax-Free Bond Fund (PRNYX) seeks the highest level of income exempt from federal, New York state, and New York city income taxes by investing primarily in investment-grade New York municipal bonds. The fund invests at least 80% of net assets in New York municipal securities.
This Muni Bond product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 3.9% and 5 year 3.5%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .
PRNYX’s performance, as of the last filing, when compared to funds in its category was in the top 18% over the past 1 year, and in the top 20% over the past 3 years and in the top 11% over the past 5 years.
This Zacks Rank #2 (Buy) was incepted in August 1986 and is managed by T. Rowe Price . PRNYX carries an expense ratio of 0.51% and requires a minimal initial investment of $2,500.
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Zacks Investment Research
May 11, 2017 at 06:47PM
from Zacks Equity Research
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