Fund & Portfolio Comparison

Performance Comparison
Comparison Box

Portfolio Performance Comparison
Name YTD Return 1Yr AR 3Yr AR 5Yr AR 10Yr AR 15Yr AR 20Yr AR Common Inception
NYFCX (Morgan Stanley NY Tax-Free Income C) NA 1.05% 4.67% 3.83% 3.86% NA NA … …
Data as of 07/01/2011, Common starting date is 11/12/1998
More Performance Analytics Comparison
Name Start Date End Date
NYFCX (Morgan Stanley NY Tax-Free Income C) 11/12/1998 07/01/2011
Last 1 Week 1 Yr 3 Yr 5 Yr 10 Yr 15 Yr 20 Yr Common Inception 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Annualized Return (%) 0.00 1.05 4.67 3.83 3.86 NA NA … … 3.16 1.04 15.13 -5.07 1.85 4.12 2.54 2.69 4.00 9.46 3.34 10.84 -4.57 1.06
Sharpe Ratio NA 0.24 0.99 0.65 0.71 NA NA … … 1.94 0.27 4.31 -0.90 -0.43 0.40 0.15 0.55 1.03 2.54 0.38 2.74 -2.74 2.46
Standard Deviation(%) NA 4.00 4.55 4.11 3.58 NA NA … … 3.28 3.49 3.49 6.61 2.74 2.04 2.46 3.16 3.22 3.30 2.69 2.48 2.85 2.14
Draw Down(%) NA 8.93 10.25 11.65 11.65 NA NA … … 3.47 7.08 2.54 11.65 3.10 1.27 2.34 5.26 4.89 3.61 3.66 3.13 6.84 0.81
Yield(%) 0.00 2.87 4.57 4.39 4.50 3.74 2.81 … … 1.01 3.55 6.78 5.06 4.01 4.28 5.59 3.63 4.51 6.38 4.23 4.31 4.01 3.66
Data as of 07/01/2011, Common starting date is 11/12/1998
Performance Comparison Chart
Annualized Rolling Returns Comparison (Minimum)
Ticker/Portfolio Name 3 Year 5 Year 10 Year 15 Year
NYFCX (Morgan Stanley NY Tax-Free Income C) 0.02%
Oct 2005 – Oct 2008 		1.17%
Dec 2003 – Dec 2008 		2.81%
Dec 1998 – Dec 2008 		0.00%
NA
Annualized Rolling Returns Comparison (Maximum)
Ticker/Portfolio Name 3 Year 5 Year 10 Year 15 Year
NYFCX (Morgan Stanley NY Tax-Free Income C) 8.86%
May 2000 – May 2003 		6.45%
Jan 2000 – Jan 2005 		5.05%
May 2000 – May 2010 		0.00%
NA
Annualized Rolling Returns Comparison Chart

3-Year Annualized Rolling Return