American Funds Tax-Exempt Fund of New York Class A (NYAAX)
| Fund Assets | 285.84M |
| Expense Ratio | 0.60% |
| Min. Investment | $1,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.08% |
| Dividend Growth | 5.55% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.47 |
| YTD Return | -2.72% |
| 1-Year Return | 0.12% |
| 5-Year Return | -1.87% |
| 52-Week Low | 9.60 |
| 52-Week High | 10.48 |
| Beta (5Y) | 0.31 |
| Holdings | 248 |
| Inception Date | Nov 1, 2010 |
About NYAAX
American Funds Tax-Exempt Fund of New York Class A is a municipal bond mutual fund designed to provide investors with a high level of current income exempt from regular federal, New York State, and New York City income taxes. Its primary function is to invest predominantly in tax-exempt municipal securities issued within New York, focusing on preserving capital while minimizing tax liability for New York residents. The fund's portfolio is heavily allocated to U.S. bonds, with the vast majority invested in revenue bonds and a smaller portion in general obligation bonds. It holds over 100 different issuers and maintains a moderate average duration, seeking to balance stability with yield. Regular monthly dividends are a key feature, appealing to investors seeking predictable, tax-advantaged income. The fund plays a significant role in the municipal bond market, facilitating infrastructure and community development across New York while catering to individuals requiring targeted tax-exempt income solutions.
Performance
NYAAX had a total return of 0.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.41%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VNYTX | Vanguard | Vanguard New York Long-Term Tax-Exempt Fund Investor Shares | 0.14% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0275 | Feb 2, 2026 |
| Dec 31, 2025 | $0.03156 | Jan 2, 2026 |
| Nov 28, 2025 | $0.02544 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0262 | Nov 3, 2025 |
| Sep 30, 2025 | $0.02666 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02775 | Sep 2, 2025 |