American Fds, The Tax-Exempt Bond Fund of America, Class F-1 Shs (AFTFX)
American Fds, The Tax-Exempt Bond Fund of America, Class F-1 Shs operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $12.41, up 0.08% on the session, giving a market capitalisation of $25.11B. Its beta of 0.92 implies it has historically moved less than the broad market.
The fund's core investment strategy involves dedicating at least 80% of its assets, or generating a minimum of 80% of its income, from securities that are exempt from regular federal income tax. It specifically avoids investments that would expose shareholders to the federal Alternative Minimum Tax (AMT). Additionally, a substantial portion—at least 65%—of the portfolio will be comprised of high-quality debt instruments. These must carry credit ratings of 'A-' or better (or 'A3' or higher) from nationally recognized statistical rating organizations designated by the investment adviser, or be unrated but deemed by the adviser to possess equivalent creditworthiness.
American Fds, The Tax-Exempt Bond Fund of America, Class F-1 Shs is most often compared with the following Financial Services names: