Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
3.9%
1 yr return
6.0%
3 Yr Avg Return
-0.4%
5 Yr Avg Return
0.9%
Net Assets
$273 M
Holdings in Top 10
9.5%
Expense Ratio 0.66%
Front Load 3.75%
Deferred Load N/A
Turnover 24.00%
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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. Consistent with the fund’s objectives, the fund may also invest in municipal securities that are issued by jurisdictions outside New York. Municipal bonds are debt obligations generally issued to obtain funds for various public purposes, including the construction of public facilities. The fund may also invest in bonds exempt from federal and state taxation that are used to fund private projects.
Under normal circumstances, the fund 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 you to federal alternative minimum tax. The fund may also invest up to 20% of its assets in “private activity bonds” whose interest is generally subject to the federal alternative minimum tax. The fund is intended primarily for taxable residents of New York.
The fund will invest primarily in debt securities rated BBB- or better or Baa3 or better by Nationally Recognized Statistical Rating Organizations designated by the fund's investment adviser, or unrated but determined by the fund's investment adviser to be of equivalent quality. The fund may also invest in debt securities rated BB+ or below and Ba1 or below by Nationally Recognized Statistical Rating Organizations designated by the fund's investment adviser, or unrated but determined by the fund's investment adviser to be of equivalent quality. Such securities are sometimes referred to as “junk bonds.”
The fund’s assets are managed by a team of portfolio managers. Under this approach, the fund’s portfolio managers will work together to oversee the fund’s entire portfolio.
The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
Period | NYAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.9% | -4.5% | 38.3% | 27.07% |
1 Yr | 6.0% | -2.5% | 44.5% | 26.46% |
3 Yr | -0.4%* | -10.2% | 5.8% | 61.41% |
5 Yr | 0.9%* | -6.5% | 1104.9% | 55.68% |
10 Yr | 2.0%* | -0.9% | 249.0% | 36.93% |
* Annualized
Period | NYAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.9% | -1.4% | 41.0% | 14.68% |
2022 | -12.7% | -39.7% | 0.3% | 65.12% |
2021 | -0.2% | -5.6% | 6.9% | 36.63% |
2020 | 1.7% | -2.6% | 310.0% | 49.30% |
2019 | 4.3% | 0.0% | 26.0% | 30.17% |
Period | NYAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.9% | -4.5% | 38.3% | 27.07% |
1 Yr | 6.0% | -2.5% | 44.5% | 26.46% |
3 Yr | -0.4%* | -10.2% | 5.8% | 61.41% |
5 Yr | 0.9%* | -6.5% | 1104.9% | 55.68% |
10 Yr | 2.0%* | -0.9% | 249.0% | 36.93% |
* Annualized
Period | NYAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.1% | -1.3% | 41.0% | 15.82% |
2022 | -10.4% | -39.7% | 1.1% | 65.73% |
2021 | 2.1% | -4.8% | 23761504.0% | 35.53% |
2020 | 3.6% | -1.5% | 17057.9% | 56.72% |
2019 | 7.2% | 0.2% | 3514.6% | 29.88% |
NYAAX | Category Low | Category High | NYAAX % Rank | |
---|---|---|---|---|
Net Assets | 273 M | 3.22 M | 71.9 B | 63.78% |
Number of Holdings | 258 | 4 | 13418 | 46.14% |
Net Assets in Top 10 | 26.2 M | -317 M | 3.09 B | 81.87% |
Weighting of Top 10 | 9.46% | 1.8% | 100.3% | 83.27% |
Weighting | Return Low | Return High | NYAAX % Rank | |
---|---|---|---|---|
Bonds | 98.86% | 0.00% | 150.86% | 54.23% |
Cash | 1.14% | -50.86% | 44.62% | 46.81% |
Other | 0.00% | -3.69% | 53.54% | 12.49% |
Stocks | 0.00% | 0.00% | 99.78% | 70.00% |
Preferred Stocks | 0.00% | 0.00% | 0.07% | 64.81% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 64.53% |
Weighting | Return Low | Return High | NYAAX % Rank | |
---|---|---|---|---|
Municipal | 98.68% | 44.39% | 100.00% | 45.52% |
Derivative | 0.00% | -3.69% | 53.54% | 9.60% |
Cash & Equivalents | 0.00% | 0.00% | 44.41% | 85.90% |
Securitized | 0.00% | 0.00% | 5.93% | 64.60% |
Corporate | 0.00% | 0.00% | 9.41% | 69.18% |
Government | 0.00% | 0.00% | 52.02% | 67.30% |
Weighting | Return Low | Return High | NYAAX % Rank | |
---|---|---|---|---|
US | 98.86% | 0.00% | 142.23% | 52.05% |
Non US | 0.00% | 0.00% | 23.89% | 66.76% |
NYAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.66% | 0.01% | 8.02% | 59.48% |
Management Fee | 0.27% | 0.00% | 1.20% | 13.09% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 53.15% |
Administrative Fee | 0.05% | 0.01% | 0.44% | 16.98% |
NYAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.75% | 0.50% | 4.75% | 47.13% |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
NYAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
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.
NYAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 24.00% | 0.00% | 283.00% | 70.42% |
NYAAX | Category Low | Category High | NYAAX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.04% | 0.00% | 14.51% | 48.19% |
NYAAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
NYAAX | Category Low | Category High | NYAAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.19% | -0.53% | 5.33% | 36.10% |
NYAAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Nov 29, 2024 | $0.026 | OrdinaryDividend |
Oct 31, 2024 | $0.024 | OrdinaryDividend |
Sep 30, 2024 | $0.026 | OrdinaryDividend |
Aug 30, 2024 | $0.026 | OrdinaryDividend |
Jul 31, 2024 | $0.027 | OrdinaryDividend |
Apr 30, 2024 | $0.025 | OrdinaryDividend |
Mar 28, 2024 | $0.026 | OrdinaryDividend |
Feb 29, 2024 | $0.024 | OrdinaryDividend |
Jan 31, 2024 | $0.025 | OrdinaryDividend |
Dec 29, 2023 | $0.025 | OrdinaryDividend |
Nov 30, 2023 | $0.022 | OrdinaryDividend |
Oct 31, 2023 | $0.026 | OrdinaryDividend |
Sep 29, 2023 | $0.025 | OrdinaryDividend |
Aug 31, 2023 | $0.022 | OrdinaryDividend |
Jul 31, 2023 | $0.025 | OrdinaryDividend |
Jun 30, 2023 | $0.023 | OrdinaryDividend |
May 31, 2023 | $0.023 | OrdinaryDividend |
Apr 28, 2023 | $0.022 | OrdinaryDividend |
Mar 31, 2023 | $0.024 | OrdinaryDividend |
Feb 28, 2023 | $0.020 | OrdinaryDividend |
Jan 31, 2023 | $0.024 | OrdinaryDividend |
Dec 30, 2022 | $0.023 | OrdinaryDividend |
Nov 30, 2022 | $0.022 | OrdinaryDividend |
Oct 31, 2022 | $0.020 | OrdinaryDividend |
Sep 30, 2022 | $0.020 | OrdinaryDividend |
Aug 31, 2022 | $0.021 | OrdinaryDividend |
Jul 29, 2022 | $0.021 | OrdinaryDividend |
Jun 30, 2022 | $0.019 | OrdinaryDividend |
May 31, 2022 | $0.020 | OrdinaryDividend |
Apr 29, 2022 | $0.019 | OrdinaryDividend |
Mar 31, 2022 | $0.018 | OrdinaryDividend |
Feb 28, 2022 | $0.017 | OrdinaryDividend |
Jan 31, 2022 | $0.018 | OrdinaryDividend |
Dec 31, 2021 | $0.020 | OrdinaryDividend |
Nov 30, 2021 | $0.017 | OrdinaryDividend |
Oct 29, 2021 | $0.019 | OrdinaryDividend |
Sep 30, 2021 | $0.020 | OrdinaryDividend |
Aug 31, 2021 | $0.018 | OrdinaryDividend |
Jul 30, 2021 | $0.020 | OrdinaryDividend |
Jun 30, 2021 | $0.019 | OrdinaryDividend |
May 28, 2021 | $0.020 | OrdinaryDividend |
Apr 30, 2021 | $0.019 | OrdinaryDividend |
Mar 31, 2021 | $0.020 | OrdinaryDividend |
Feb 26, 2021 | $0.019 | OrdinaryDividend |
Jan 29, 2021 | $0.021 | OrdinaryDividend |
Dec 31, 2020 | $0.026 | OrdinaryDividend |
Nov 30, 2020 | $0.020 | OrdinaryDividend |
Oct 30, 2020 | $0.021 | OrdinaryDividend |
Sep 30, 2020 | $0.023 | OrdinaryDividend |
Jul 31, 2020 | $0.022 | OrdinaryDividend |
Jun 30, 2020 | $0.021 | OrdinaryDividend |
Mar 31, 2020 | $0.024 | OrdinaryDividend |
Jan 31, 2020 | $0.023 | OrdinaryDividend |
Dec 31, 2019 | $0.023 | OrdinaryDividend |
Nov 29, 2019 | $0.021 | OrdinaryDividend |
Oct 31, 2019 | $0.023 | OrdinaryDividend |
Sep 30, 2019 | $0.024 | OrdinaryDividend |
Aug 30, 2019 | $0.021 | OrdinaryDividend |
Jul 31, 2019 | $0.024 | OrdinaryDividend |
Jun 28, 2019 | $0.024 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Nov 01, 2010
11.59
11.6%
Zeile has been employed by Capital and its affiliates since 1999.
Start Date
Tenure
Tenure Rank
Oct 01, 2012
9.67
9.7%
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |
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