TATEX Fees and Costs — American Funds Tax-Exempt Fund of New York, Class T
Data updated: 2026-10-14
The net expense ratio is 0.58%: a 0.25% management fee, a 0.25% 12b-1 fee plus 0.13% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 12%.
TATEX Fees and Expenses
Annual operating expenses and sales charges of TATEX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.58% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
TATEX Costs Over Time
On $10,000 invested in TATEX, assuming 5% a year before costs, total costs come to $366 over 5 years, cutting the return by 0.61% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.58%) | $61 | $191 | $332 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $366 |
| Value after costs | $10,439 | $11,376 | $12,397 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
TATEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $156.5M
- Portfolio turnover (prospectus): 12%
TATEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America Corporation | $60.5M | 42.63% |
| Barclays PLC | $24.0M | 16.89% |
| Jefferies Financial Group Inc. | $10.9M | 7.71% |
| Morgan Stanley | $10.4M | 7.35% |
| The Toronto-Dominion Bank | $9.2M | 6.46% |
| Royal Bank of Canada | $7.4M | 5.19% |
| Wells Fargo & Company | $6.9M | 4.84% |
| JPMorgan Chase & Co. | $6.5M | 4.59% |
| The Ziegler Companies, Inc. | $3.3M | 2.33% |
| SAR Holdings, Inc. | $2.9M | 2.02% |
American Funds Tax-Exempt Fund of New York Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TFNYX | Class F-3 | 0.30% | none |
| NYAFX | Class F-2 | 0.42% | none |
| NYAAX | Class A | 0.58% | 3.75% |
| TATEX | Class T | 0.58% | — |
| NYAEX | Class F-1 | 0.68% | none |
| NYACX | Class C | 1.33% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.