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Morningstar

American Funds Tax-Exempt Fund of NY F2 NYAFX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 9.90  /  0.21 %
  • Total Assets 249.2 Mil
  • Adj. Expense Ratio
    0.430%
  • Expense Ratio 0.400%
  • Distribution Fee Level Low
  • 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 2.73%
  • Effective Duration 7.61 years

USD | NAV as of May 31, 2023 | 1-Day Return as of May 31, 2023, 10:16 PM GMT+0

Morningstar’s Analysis NYAFX

Will NYAFX 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 NYAFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the NYAFX 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 NYAFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Manager Research

Morningstar Manager Research

Summary

A sound investment process and strong management team underpin American Funds Tax-Exempt Fund of NY F2's Morningstar Medalist Rating of Gold. The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NYAFX

More NYAFX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 0
  • Bond Holdings 247
  • Other Holdings 1
  • % Assets in Top 10 Holdings 14.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 3.7%

4.39
11,075,000
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 3.85%

1.78
4,500,000
municipal

NEW YORK N Y 3.62%

1.31
3,300,000
municipal

Cash And Other Assets Less Liablities

1.30
3,269,150
Cash and Equivalents

HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5%

1.16
2,914,126
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4%

1.15
2,909,527
municipal

NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4%

1.13
2,852,889
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

1.03
2,608,025
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

0.97
2,455,985
municipal

NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4%

0.96
2,421,764
municipal