American Funds Tax-Exempt Fund of New York Class C (NYACX)
| Fund Assets | 281.74M |
| Expense Ratio | 1.35% |
| Min. Investment | $1,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 2.42% |
| Dividend Growth | 6.12% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 10.00 |
| YTD Return | 1.47% |
| 1-Year Return | -0.41% |
| 5-Year Return | -0.69% |
| 52-Week Low | 9.33 |
| 52-Week High | 10.04 |
| Beta (5Y) | n/a |
| Holdings | 253 |
| 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 -0.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.14%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VNYTX | Vanguard | Vanguard NY Long-Term Tax-Exempt Inv | 0.14% |
Top 10 Holdings
9.96% of assets| Name | Symbol | Weight |
|---|---|---|
| TRIBOROUGH BRDG & TUNL AUTH N Y REVS 3.5% | NY.TRBTRN 01.01.2035 | 2.18% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 4% | NY.NYSHGR 4 07.01.2046 | 1.03% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | NY.NYCGEN 5 05.01.2047 | 1.02% |
| TRIBOROUGH BRDG & TUNL AUTH N Y REVS 5% | NY.TRBTRN 5 11.15.2054 | 1.00% |
| NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% | NY.NYSHGR 5 03.15.2039 | 0.83% |
| LONG IS PWR AUTH N Y ELEC SYS REV 5% | NY.LSLPWR 5 09.01.2047 | 0.80% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV 4% | NY.NYCDEV 4 02.15.2043 | 0.79% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 4.125% | NY.NYCUTL 4.12 06.15.2047 | 0.78% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25% | NY.NYCUTL 5.25 06.15.2054 | 0.77% |
| NEW YORK N Y 5.25% | NY.NYC 5.25 04.01.2054 | 0.76% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jul 31, 2025 | $0.02272 | Aug 1, 2025 |
| Jun 30, 2025 | $0.01955 | Jul 1, 2025 |