Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
American Funds Tax-Exempt Fund of NY C NYACX
- NAV / 1-Day Return 10.11 / +0.12 %
- Total Assets 273.0 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.350%
- Distribution Fee Level Below Average
- Share Class Type Level Load
- Category Muni New York Long
- Credit Quality / Interest Rate Sensitivity Medium/Extensive
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.10%
- Effective Duration 7.02 years
USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 10:00 PM GMT+0
Morningstar’s Analysis NYACX
Will NYACX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 11.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 3.75% | 2.63 | 6.8 Mil | municipal |
TRIBOROUGH BRDG & TUNL AUTH NY REVS 5% | 1.14 | 3.0 Mil | municipal |
HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5% | 1.12 | 2.9 Mil | municipal |
NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4% | 1.11 | 2.9 Mil | municipal |
Cash And Other Assets Less Liablities | 1.03 | 2.6 Mil | Cash and Equivalents |
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | 1.01 | 2.6 Mil | municipal |
NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 3.78% | 0.97 | 2.5 Mil | municipal |
NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4% | 0.95 | 2.5 Mil | municipal |
NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% | 0.94 | 2.4 Mil | municipal |
NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 4.125% | 0.91 | 2.3 Mil | municipal |