Mutual Fund Insights: RiverSource New York Tax-Exempt A Fund (INYKX)

In-depth Analysis of RiverSource New York Tax-Exempt A Fund (INYKX)

3 months 6 months 1 year 3 year 5 year

See RiverSource New York Tax-Exempt A Fund (INYKX) performance details as of January 31, 2010

  

Last Trade: $4.99 on 3/12/2010, Change: 0.00 (0%)

  

Fund Manager - Catherine M. Stienstra

Fund Manager Tenure: 2.4 years
Fundmojo Fund Grade: B (Score: 0.68)     (What does this score mean?)

Stienstra is a portfolio manager and Leader of the municipal sector team with RiverSource Investments. She joined the company since July 2007. Prior to that, Stienstra worked as Director and Senior Portfolio Manager for FAF Advisors, since 1998 to 2007, and worked with Piper Capital Management since 1990 to 1998. She began her investment career in 1988.  Get more insights on Catherine M. Stienstra

  

 What we like about RiverSource New York Tax-Exempt A Fund (INYKX)

Data for RiverSource New York Tax-Exempt A Fund (INYKX) as of January 31, 2010

• RiverSource New York Tax-Exempt A Fund (INYKX) has good mid-term performance (3-year return 3.68% vs 3.02% Muni New York Long category average)
• RiverSource New York Tax-Exempt A Fund (INYKX) has good Long-term performance (5-year return 3.38% vs 3.20% Muni New York Long category average)
• RiverSource New York Tax-Exempt A Fund (INYKX) ratio of up-years vs down years is greater than 2
• RiverSource New York Tax-Exempt A Fund (INYKX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.98, lower than category average of 7.67
• RiverSource New York Tax-Exempt A Fund (INYKX) has a lower management fee than its Muni New York Long average: 0.81% vs 1.06%

  

 What we are cautious about RiverSource New York Tax-Exempt A Fund (INYKX)

Data for RiverSource New York Tax-Exempt A Fund (INYKX) as of January 31, 2010

• RiverSource New York Tax-Exempt A Fund (INYKX) management has been with RiverSource New York Tax-Exempt A Fund for only 2.4 years, it is hard to judge manager's ability based on this fund's operation record
• RiverSource New York Tax-Exempt A Fund (INYKX) has a less-than-ideal short-term performance (1-year return 12.16% vs 13.57% Muni New York Long category average)
• RiverSource New York Tax-Exempt A Fund (INYKX) has a Morningstar rating of 3 and below
• RiverSource New York Tax-Exempt A Fund (INYKX) has an annual stock turnover rate of 34.00% that is higher than the Muni New York Long average of 27.73%. This could mean RiverSource New York Tax-Exempt A is more nimble, but also signal potential high tax impact and high trading fees
• RiverSource New York Tax-Exempt A Fund (INYKX) carries a 4.75% load

See RiverSource New York Tax-Exempt A Fund (INYKX) performance details as of January 31, 2010

  

  

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RiverSource New York Tax-Exempt A Fund (INYKX) Net Asset

Track net asset change of RiverSource New York Tax-Exempt A fund (INYKX)

Date	Net Asset
01/2010	$51.43M
11/2009	$51.62M
10/2009	$51.94M

More historic net asset information on RiverSource New York Tax-Exempt A Fund (INYKX)

  

RiverSource New York Tax-Exempt A Fund (INYKX) Portfolio Allocation

Track portfolio allocation change of RiverSource New York Tax-Exempt A fund (INYKX)

Date	Cash	Stock	Bond	Other
10/2009	0%	0%	100%	0%
09/2009	0%	0%	100%	0%
08/2009	0%	0%	100%	0%

Click here to see more historic asset allocation information on RiverSource New York Tax-Exempt A Fund (INYKX)

  

Most Recent Top 10 Holdings in RiverSource New York Tax-Exempt A Fund (INYKX)

Discover what RiverSource New York Tax-Exempt A Fund (INYKX) manager is buying

31-Oct-09 New York St Dorm Auth 5.75% [6.19%] New York N Y City Mun Wtr Fin Wtr And 5% [2.97%] Metropolitan Transn Auth 5% [2.97%] New York St Dorm Auth 5% [2.93%] Monroe Cnty N Y G.O. Ref 6% [2.74%] Port Auth 4.5% [2.74%] New York St Dorm Auth 5% [2.59%] New York St Mtg Agy Rev Homeowner 5.4% [2.32%] New York St Dorm Auth 6.125% [2.21%] Metropolitan Transn Auth 4.75% [2.2%]

30-Sep-09 New York St Dorm Auth 5.75% [5.8%] New York N Y City Mun Wtr Fin Wtr And 5% [2.89%] New York St Dorm Auth 5% [2.87%] METROPOLITAN TRANSN AUTH N Y D TAX FUND [2.84%] Port Auth 4.5% [2.69%] Monroe Cnty N Y G.O. Ref 6% [2.6%] New York St Dorm Auth 5% [2.47%] New York St Mtg Agy Rev Homeowner 5.4% [2.16%] New York St Dorm Auth 6.125% [2.11%] Metropolitan Transn Auth 4.75% [2.1%]

31-Aug-09 New York St Dorm Auth 5.75% [5.8%] New York N Y City Mun Wtr Fin Wtr And 5% [2.76%] New York St Dorm Auth 5% [2.73%] METROPOLITAN TRANSN AUTH N Y D TAX FUND [2.73%] Port Auth 4.5% [2.59%] Monroe Cnty N Y G.O. Ref 6% [2.56%] New York St Dorm Auth 5% [2.41%] New York St Mtg Agy Rev Homeowner 5.4% [2.21%] Metropolitan Transn Auth 4.75% [2.08%] New York N Y City Mun Wtr Fin Rev 5.75% [1.97%]

Click here for Stock Holding Change Map in RiverSource New York Tax-Exempt A Fund (INYKX)

  

Related books and products to RiverSource New York Tax-Exempt A Fund (INYKX)

  

Latest News on RiverSource New York Tax-Exempt A (INYKX)

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Books and Resources

 

 

See more information on RiverSource New York Tax-Exempt A Fund (INYKX)

• RiverSource New York Tax-Exempt A Fund Insights
• RiverSource New York Tax-Exempt A Fund Performance Data
• RiverSource New York Tax-Exempt A Fund News
• RiverSource New York Tax-Exempt A Fund Score Explaination
• RiverSource New York Tax-Exempt A Fund Manager Information
• Historic RiverSource New York Tax-Exempt A Fund Asset Allocation Report
• Historic RiverSource New York Tax-Exempt A Fund Top 10 Holding Tracking
• Historic RiverSource New York Tax-Exempt A Fund Asset Under Management Tracking