American Funds Tax-Exempt Fund of NY F1 (NYAEX) Research
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).
Market snapshot
- Symbol
- NYAEX
- Price
- $10.10
- Day change
- +0.10%
- Market cap
- $297.2M
- 52-week range
- 9.56-10.16
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- Bank of New York Mellon Corp (BNY)
- BlackRock Municipal Income Quality Trust (BYM)
- Calamos International Growth Fund Class A (CIGRX)
- Nuveen Small Cap Value Fund (FSCCX)
- Gateway Equity Call Premium A (GCPAX)
- Gateway Equity Call Premium Y (GCPYX)
- PGIM Jennison Focused Value Fund- Class A (PJIAX)
- PGIM Quant Solutions International Equity Fund- Class Z (PJIZX)
Open American Funds Tax-Exempt Fund of NY F1 (NYAEX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.