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Morningstar

American Funds Tax-Exempt Fund of NY F1 NYAEX

Morningstar Analyst Rating
Quantitative rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 10.10  /  0.19 %
  • Total Assets 244.2 Mil
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.630%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni New York Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.38%
  • Effective Duration 7.67 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:15 PM GMT+00:00

Morningstar’s Analysis NYAEX

Will NYAEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NYAEX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the NYAEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of NYAEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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A strong management team and sound investment process underpin American Funds Tax-Exempt Fund of NY F1's Morningstar Quantitative Rating of Bronze. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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