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12 important things you should know about American Funds NYACX mutual fund

Updated: October 10, 2021
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for NYACX “stock” price, you can quickly find it out by visiting Finny and typing "NYACX quote". If you’re looking for a quick scoop on NYACX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "NYACX". You’ll get all this info in one place.

Are you looking to buy or sell NYACX? Or perhaps you’re looking for NYACX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this NYACX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: NYACX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: NYACX buy or sell; the pros and cons of investing in NYACX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to NYACX.

And here is the list of questions we’ll answer:

  1. Describe American Funds Tax-Exempt Fund of New York; Class C Shares (NYACX).
  2. What are NYACX holdings?
  3. What is NYACX performance? What are NYACX historical returns?
  4. What is NYACX dividend yield?
  5. What is NYACX minimum initial investment amount?
  6. Does NYACX have any sales loads or 12b-1 distribution expenses?
  7. What is NYACX tax efficiency (tax-cost ratio)?
  8. What is NYACX beta? How would you assess NYACX risk?
  9. What is NYACX Finny Score? NYACX buy or sell?
  10. What are the pros of investing in NYACX? What are NYACX buy reasons?
  11. What are the cons of investing in NYACX? What are NYACX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Funds Tax-Exempt Fund of New York; Class C Shares (NYACX).

The Fund seeks high level of current income exempt from regular federal, New York state and New York City income taxes and preservation of capital. The fund will invest at least 80% of its assets in, or income from, securities that are exempt from regular federal, New York state and New York City income taxes.

2. What are NYACX top holdings?

NYACX has 0 stock holdings and 263 bond holdings.

The top 10 holdings represent 13.05% of total assets. Here are the top holdings:

Name Symbol % Assets
NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 0.08% N/A 3.81%
LONG IS PWR AUTH N Y ELEC SYS REV 5% N/A 1.32%
NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4% N/A 1.22%
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4% N/A 1.12%
HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5% N/A 1.09%
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% N/A 1.01%
NEW YORK ST PWR AUTH REV 4% N/A 0.98%
NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% N/A 0.95%
NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 4% N/A 0.79%
NEW YORK ST ENVIRONMENTAL FACS CORP REV 4% N/A 0.76%

3. What is NYACX performance? What are NYACX historical returns?

NYACX has generated the following returns:

  • 1-month return is -1.04%;
  • 3-month return is -1.78%;
  • 1-year return is -1.78%;
  • 3-year return is 4.02%;
  • 5-year return is 2.12%;
  • 10-year return is 2.93%.

4. What is NYACX dividend yield?

NYACX yield is 1.38%.

5. What is NYACX minimum initial investment amount?

NYACX minimum initial investment amount is $1.00K.

6. Does NYACX have any sales loads or 12b-1 distribution expenses?

NYACX 12b-1 distribution fee is 1. NYACX front-end sales load is 0. NYACX back-end sales load is 1.

7. What is NYACX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.01%;
  • 3-year ax cost ratio is 0%.
NYACX tax costs

8. What is NYACX beta? How would you assess NYACX risk?

  • 3-year beta is 1.15;
  • 5-year beta is 1.08.
NYACX Beta

Analysis

9. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 6 reasons to sell it, resulting in the Finny Score of 0.

10. What are the pros of investing in NYACX? What are NYACX buy reasons?

We don't see any strong reasons to buy NYACX.

11. What are the cons of investing in NYACX? What are NYACX negatives?

The following are NYACX weaknesses from our perspective:

  • NYACX net assets are $12.30 million. This fund is not a popular choice with retail investors.
  • NYACX 3-year return is 4.02%, which is lower than the 3-year return of the benchmark index (Bloomberg Municipal New York Exempt TR USD), 4.92%.
  • NYACX 5-year return is 2.12%, which is lower than the 5-year return of the benchmark index (Bloomberg Municipal New York Exempt TR USD), 3.11%.
  • NYACX 10-year return is 2.93%, which is lower than the 10-year return of the benchmark index (Bloomberg Municipal New York Exempt TR USD), 3.76%.
  • NYACX expense ratio is 1.37%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
In the NYACX review, we covered NYACX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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