Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, the iShares S&P New York AMT-Free Municipal Bond Fund (NYSE: NYF) has received the dreaded one-star ranking.
With that in mind, let's take a closer look at NYF and see what CAPS investors are saying about the ETN right now.
NYF facts
|
Inception |
October 2007 |
|
Total Net Assets |
$117.3 million |
|
Investment Approach |
Seeks investment results that correspond generally to the price and yield performance of the S&P New York AMT-Free Municipal Bond Index. The underlying index measures the performance of the investment grade segment of the New York municipal bond market. |
|
Expense Ratio |
0.25% |
|
1-Year / 3-Year / 5-Year Annual Returns |
8.5% / 5.2% / 5.8% |
|
Dividend Yield |
3.1% |
|
Alternatives |
PowerShares Insured New York Muni Bond |
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 57% of the 47 members who have rated NYF believe the ETF will underperform the S&P 500 going forward.
Just this past summer, one of those Fools, All-Star TerryHogan, succinctly summed up the NYF bear case for our community: "When interest rates go up, which they have to eventually, this guy will go down. In the meantime, if the S&P can return more than [3% per year] this should be an easy [underperform pick]."
Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.
