American Funds Tax-Exempt Fund of New York Class F-1 (NYAEX)
| Fund Assets | 285.84M |
| Expense Ratio | 0.65% |
| Min. Investment | $1,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.09% |
| Dividend Growth | 6.00% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.08 |
| YTD Return | 1.06% |
| 1-Year Return | 3.52% |
| 5-Year Return | 2.21% |
| 52-Week Low | 9.24 |
| 52-Week High | 10.09 |
| Beta (5Y) | n/a |
| Holdings | 248 |
| Inception Date | Nov 1, 2010 |
About NYAEX
American Funds Tax-Exempt Fund of New York Class F-1 is a municipal bond mutual fund that focuses on providing investors with a high level of current income exempt from federal, New York state, and New York City income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds issued by public authorities in New York, with an emphasis on revenue bonds for infrastructure and essential services such as transportation, education, and utilities. With more than 95% of its assets allocated to U.S. municipal debt and a modest portfolio turnover rate, the fund seeks to balance income generation with capital preservation and tax efficiency. It caters specifically to investors who are residents of New York and are looking to minimize taxable income while supporting public projects within the state. Managed by experienced professionals, the fund is classified as 'Muni New York Long,' reflecting its focus on debt maturing in the intermediate to long term and its sensitivity to interest rate changes. Regular monthly income distributions and a competitive expense structure further define its role within the broader tax-exempt investment segment, making it a notable choice among municipal bond offerings dedicated to New York residents.
Performance
NYAEX had a total return of 3.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.76%.
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 | $0.02611 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02836 | Jan 2, 2026 |
| Nov 28, 2025 | $0.0249 | Dec 1, 2025 |
| Oct 31, 2025 | $0.02643 | Nov 3, 2025 |
| Sep 30, 2025 | $0.026 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02818 | Sep 2, 2025 |