NYAEX: American Funds Tax-Exempt Fund of NY F1

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NYAEX American Funds Tax-Exempt Fund of NY F1


Profile

NYAEX - Profile

Vitals

  • YTD Return -4.1%
  • 3 Yr Annualized Return -0.3%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $286 M
  • Holdings in Top 10 10.1%

52 WEEK LOW AND HIGH

$10.59
$10.06
$11.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -4.1%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.55%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Funds Tax-Exempt Fund of New York®
  • Fund Family Name
    American Funds
  • Inception Date
    Nov 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Karl Zeile

Fund Description

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.


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Categories

Performance

NYAEX - Performance

Return Ranking - Trailing

Period NYAEX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -11.1% 1.7% 47.40%
1 Yr -1.7% -7.4% 9.8% 47.02%
3 Yr -0.3%* -3.3% 4.6% 19.42%
5 Yr -0.5%* -2.9% 1.8% 21.97%
10 Yr N/A* -1.0% 1.1% N/A

* Annualized

Return Ranking - Calendar

Period NYAEX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% 2.2% 9.3% 45.03%
2018 -2.2% -6.6% 5.4% 30.56%
2017 2.7% -2.0% 4.3% 10.37%
2016 -2.4% -6.3% 0.0% 15.79%
2015 0.2% -4.4% 1.1% 31.06%

Total Return Ranking - Trailing

Period NYAEX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -11.1% 1.7% 47.40%
1 Yr -1.7% -7.4% 10.4% 47.02%
3 Yr -0.3%* -3.3% 4.6% 30.22%
5 Yr -0.5%* -2.9% 1.8% 29.55%
10 Yr N/A* -1.0% 2.7% N/A

* Annualized

Total Return Ranking - Calendar

Period NYAEX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% 2.2% 9.9% 48.34%
2018 -2.2% -6.6% 5.2% 36.81%
2017 2.7% -2.0% 4.3% 11.11%
2016 -2.4% -6.3% 0.9% 19.55%
2015 0.2% -4.4% 2.1% 43.18%

NAV & Total Return History


Holdings

NYAEX - Holdings

Concentration Analysis

NYAEX Category Low Category High NYAEX % Rank
Net Assets 286 M 36.5 M 5.49 B 57.14%
Number of Holdings 304 43 1229 32.47%
Net Assets in Top 10 30.2 M -130 M 820 M 73.38%
Weighting of Top 10 10.14% 5.6% 82.6% 98.05%

Top 10 Holdings

  1. SYRACUSE N Y INDL DEV AGY CIVIC FAC REV 0% 1.78%
  2. LONG IS PWR AUTH N Y ELEC SYS REV 5% 1.29%
  3. HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5% 1.11%
  4. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 0.99%
  5. NEW YORK N Y 4% 0.96%
  6. NEW YORK TRANSN DEV CORP SPL FAC REV 5% 0.88%
  7. NEW YORK TRANSN DEV CORP SPL FAC REV 5% 0.87%
  8. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 0.82%
  9. NEW YORK ST ENVIRONMENTAL FACS CORP REV 4% 0.73%
  10. NASSAU CNTY N Y 5% 0.72%

Asset Allocation

Weighting Return Low Return High NYAEX % Rank
Bonds
99.18% 94.67% 147.58% 61.69%
Cash
0.82% -47.59% 5.32% 37.01%
Stocks
0.00% 0.00% 0.00% 61.69%
Preferred Stocks
0.00% 0.00% 0.00% 61.69%
Other
0.00% -0.40% 1.06% 64.29%
Convertible Bonds
0.00% 0.00% 0.00% 61.69%

Bond Sector Breakdown

Weighting Return Low Return High NYAEX % Rank
Municipal
99.18% 88.88% 100.57% 64.94%
Cash & Equivalents
0.82% -0.18% 5.32% 37.01%
Derivative
0.00% 0.00% 0.00% 61.69%
Securitized
0.00% 0.00% 0.00% 61.69%
Corporate
0.00% -0.39% 2.07% 62.34%
Government
0.00% -0.01% 9.83% 64.94%

Bond Geographic Breakdown

Weighting Return Low Return High NYAEX % Rank
US
96.74% 81.24% 141.70% 57.14%
Non US
2.44% 0.00% 18.23% 48.70%

Expenses

NYAEX - Expenses

Operational Fees

NYAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.09% 3.53% 67.32%
Management Fee 0.30% 0.08% 0.70% 6.49%
12b-1 Fee 0.25% 0.00% 1.00% 50.00%
Administrative Fee 0.05% 0.01% 0.32% 25.00%

Sales Fees

NYAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NYAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NYAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 6.00% 114.00% 29.87%

Distributions

NYAEX - Distributions

Dividend Yield Analysis

NYAEX Category Low Category High NYAEX % Rank
Dividend Yield 0.65% 0.00% 1.45% 14.38%

Dividend Distribution Analysis

NYAEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

NYAEX Category Low Category High NYAEX % Rank
Net Income Ratio 2.55% 1.40% 6.06% 74.51%

Capital Gain Distribution Analysis

NYAEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

NYAEX - Fund Manager Analysis

Managers

Karl Zeile


Start Date

Tenure

Tenure Rank

Nov 01, 2010

9.42

9.4%

Zeile has been employed by Capital and its affiliates since 1999

Jerome Solomon


Start Date

Tenure

Tenure Rank

Oct 01, 2012

7.5

7.5%

Jerome H. Solomon, Partner — Capital Fixed Income Investors, a division of an affiliate of the Capital Guardian Trust Company . Mr. Solomon has been employed by Capital Guardian Trust Company and its affiliates since 2008.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.1 30.27 7.8 7.88