NYAAX : American Funds Tax-Exempt Fund of New York® Class A

NYAAX is a Bond Market Municipal Bond with MODERATE fees.

NYAAX

American Funds Tax-Exempt Fund of New York® Class A

FI Score

46 /100

Expense Ratio Rating

6 /10

Expense Rating

3 /10

Market Score

3 /10

Category Score

8 /10

Market Size

3 /10

46% FI Score
  • nyaax
  • Mutual Fund
  • Bond
  • Municipal Bond

American Funds Tax-Exempt Fund of New York® Class A

Expenses: 0.67% (Better than 1% of similar funds)

This is a bad choice for a Municipal Bond Bond fund. See why »

Fund Summary

The investment seeks a high level of current income exempt from regular federal, New York state and New York City income taxes; preservation of capital is the secondary objective. The fund seeks to achieve its objectives by primarily investing in municipal bonds issued by the state of New York and its agencies and municipalities. It will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal, New York state and New York City income taxes and that do not subject the investors to federal alternative minimum tax.

Largest Holdings

Amount Holding
2.68% SYRACUSE N Y INDL DEV AGY CIVIC FAC REV 0%
1.31% LONG IS PWR AUTH N Y ELEC SYS REV 5%
1.14% HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5%
1.13% NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4%
1.12% NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT
1.02% NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%
1.00% NEW YORK N Y 4%
0.97% NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%
0.81% NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5%
0.78% NEW YORK N Y 4%
0.76% NEW YORK ST ENVIRONMENTAL FACS CORP REV 4%
0.74% NEW YORK N Y 5%
0.72% NASSAU CNTY N Y 5%
0.70% NEW YORK ST URBAN DEV CORP ST SALES TAX REV 4%
0.70% ONONDAGA CNTY N Y RES RECOVERY AGY REV 5%
0.69% NEW YORK N Y 5%
0.67% METROPOLITAN TRANSN AUTH N Y REV 5%
0.66% TROY N Y CAP RESOURCE CORP REV 5%
0.65% PORT AUTH N Y & N J 5%
0.65% NEW YORK N Y 5%
0.65% NEW YORK ST URBAN DEV CORP REV 5%
0.64% NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5%
0.64% DOBBS FERRY N Y LOC DEV CORP REV 5%
0.64% NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25%
0.64% NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

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