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    American Funds Tax-Exempt Fund of NY F1 (NYAEX)

    Price:

    10.15 USD

    ( + 0.01 USD)

    Your position:

    0 USD

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    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management - Income
    Dividend yield
    0.06%
    Payout Ratio
    -65.265465%
    P/E
    -10.473
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    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management - Income
    Dividend yield
    0.060271494%
    Payout Ratio
    -110.89363000000002%
    P/E
    -17.263
    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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