Investment Test Drive

MNOCX MainStay New York Tax Free Opp C

1 lower fee alternative found

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Fund MNOCX MainStay New York Tax Free Opp C PZT PowerShares New York AMT-Free MuniBd ETF  
Similarity
?
100% 94%
Annual Fees
?
$109.24
(1.07% Exp. Ratio)
$28.59
(0.28% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.09% annual return
$13,467.45 $17,096.73
Est. savings over 30 yrs +$3,629.29
Return
As of 12/31/16
1 YR RETURN -0.02%
3 YR 6.11%
5 YR --
10 YR --
1 YR RETURN 1.06%
3 YR 6.28%
5 YR 3.82%
10 YR --
Description
The investment seeks current income exempt from federal and New York State and, in some cases, New York local income taxes. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and New York income taxes. It generally invests in municipal bonds that have a maturity of five years or longer at the time of purchase.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the BofA Merrill Lynch New York Long-Term Core Plus Municipal Securities Index. The fund generally will invest at least 80% of its total assets in municipal securities that comprise the underlying index and that also are exempt from the federal alternative minimum tax. The index is composed of U.S. dollar-denominated, investment grade, tax-exempt debt publicly issued by New York or any U.S. territory or their political subdivisions, in the U.S. domestic market with a term of at least 15 years remaining to final maturity. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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