American Funds Tax-Exempt Fund of New York Class C (NYACX)
| Fund Assets | 285.84M |
| Expense Ratio | 1.35% |
| Min. Investment | $1,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.46% |
| Dividend Growth | 8.25% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.08 |
| YTD Return | 1.01% |
| 1-Year Return | 3.37% |
| 5-Year Return | -1.32% |
| 52-Week Low | 9.29 |
| 52-Week High | 10.09 |
| Beta (5Y) | n/a |
| Holdings | 248 |
| Inception Date | Nov 1, 2010 |
About NYACX
American Funds Tax-Exempt Fund of New York is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from regular federal, New York state, and New York City income taxes. The fund primarily invests in a diversified portfolio of municipal bonds issued to finance essential public projects and services across New York state, such as infrastructure, education, and healthcare. Its holdings are predominantly revenue bonds, with a smaller allocation to general obligation bonds, reflecting a focus on stable income while maintaining a quality-oriented approach. The fund favors a modest inclusion of high-yield securities to enhance yield, with an effective duration that aims for a balance between risk and income stability. It features regular monthly dividend distributions and is especially relevant for investors seeking tax-efficient income within New York. The fund’s management emphasizes capital preservation, diversification, and adherence to regulatory tax-exemption requirements, making it a significant player among state-specific municipal debt funds and a tool for addressing the unique tax considerations of New York residents.
Performance
NYACX had a total return of 3.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.21%.
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 | $0.02108 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02437 | Jan 2, 2026 |
| Nov 28, 2025 | $0.01897 | Dec 1, 2025 |
| Oct 31, 2025 | $0.01927 | Nov 3, 2025 |
| Sep 30, 2025 | $0.02094 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02232 | Sep 2, 2025 |