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SDNYX Bernstein Short Duration NY Municipal

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Fund SDNYX Bernstein Short Duration NY Municipal EXNTX Manning & Napier NY Tax Exempt Series  
Similarity
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100% 92%
Annual Fees
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$71.43
(0.70% Exp. Ratio)
$61.22
(0.60% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.04% annual return
$14,852.35 $15,307.68
Est. savings over 30 yrs +$455.33
Return
As of 10/31/16
1 YR RETURN 0.55%
3 YR 0.40%
5 YR 0.50%
10 YR 1.51%
1 YR RETURN 1.29%
3 YR 1.21%
5 YR 1.33%
10 YR 2.71%
Description
The investment seeks to provide safety of principal and a moderate rate of return after taking account of federal, state and local taxes for New York residents. The Portfolio invests at least 80% of its total assets in municipal securities rated A, or better by national rating agencies (or, if unrated, determined by AllianceBernstein L.P., the Portfolio's investment manager (the "Manager"), to be of comparable quality) and comparably rated municipal notes. It may invest up to 20% of its total assets in fixed-income securities rated BB or B by national rating agencies, which are not investment-grade (commonly known as "junk bonds"). It is non-diversified.
The investment seeks to provide as high a level of current income exempt from federal income tax and New York State personal income tax as the Advisor believes is consistent with the preservation of capital. The fund invests primarily in municipal bonds and other securities the income from which is exempt from federal income tax and New York State personal income tax. It will, under normal circumstances, invest at least 80% of its net assets in securities the income from which is exempt from federal and New York income tax, including the Alternative Minimum Tax.

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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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