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American Funds Tax-Exempt Fund of NY C NYACX

Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 10.11  /  +0.12 %
  • Total Assets 273.0 Mil
  • Adj. Expense Ratio
    1.350%
  • 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.

American Funds Tax-Exempt Fund of NY C boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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.

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Portfolio Holdings NYACX

  • 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