# American Funds Tax-Exempt Fund of NY F1 (NYAEX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nyaex for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Capital Group · Asset class: Fixed Income - Strategy: Thematic · Inception: 2010-11-01 The fund's primary objective is achieved by concentrating its investments in municipal debt obligations issued by New York State, its various agencies, and local government entities within the state. A core principle guides its asset allocation: at least 80% of its total assets, or 80% of its gross income, must be derived from securities that provide exemption from federal, New York State, and New York City income taxes. These investments are also carefully chosen to ensure they do not subject investors to the federal Alternative Minimum Tax (AMT). ## Key Facts | Metric | Value | |---|---| | Price | $9.59 | | Expense Ratio | 0.68% | | Assets Under Management | $280.9M | | NAV | $9.59 | | Holdings Count | 104 | | Distribution Yield (TTM) | 3.33% | | Annual Distribution (TTM) | $0.32 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.28 – $10.16 | | Beta | 1.09 | ## Latest Distribution - Amount: $0.0264 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does NYAEX invest in? The fund's primary objective is achieved by concentrating its investments in municipal debt obligations issued by New York State, its various agencies, and local government entities within the state. A core principle guides its asset allocation: at least 80% of its total assets, or 80% of its gross income, must be derived from securities that provide exemption from federal, New York State, and New York City income taxes. These investments are also carefully chosen to ensure they do not subject investors to the federal Alternative Minimum Tax (AMT). ### What is the expense ratio of NYAEX? American Funds Tax-Exempt Fund of NY F1 (NYAEX) charges an expense ratio of 0.68%. This is the annual fee deducted from fund assets to cover management and operations. ### What is NYAEX's dividend yield? NYAEX's trailing-twelve-month yield is 3.33%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of NYAEX? Effective duration measures NYAEX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NYAEX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of NYAEX? NYAEX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of NYAEX? Yield to maturity (YTM) is the total return you'd earn from NYAEX if every bond in the portfolio is held to maturity at the current price. NYAEX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does NYAEX pay a dividend? Yes, American Funds Tax-Exempt Fund of NY F1 (NYAEX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.33%. Full dividend history is on this page. ### How often does NYAEX pay dividends? American Funds Tax-Exempt Fund of NY F1 pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is NYAEX's next ex-dividend date? The most recently announced ex-dividend date for NYAEX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will NYAEX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.68% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NYAEX charge its expense ratio? The expense ratio is deducted in tiny daily slices from NYAEX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NYAEX cost more than a fund like VOO? NYAEX's strategy (current expense ratio 0.68%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where NYAEX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to NYAEX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NYAEX (0.68%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nyaex - Distribution history: https://www.dividenddata.com/funds/nyaex/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nyaex/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nyaex/expenses - Peer comparison: https://www.dividenddata.com/funds/nyaex/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.