WebApr 12, 2024 · The investment seeks a high level of current income exempt from federal income tax, consistent with the preservation of capital. The fund will invest at least 80% of … WebFeb 28, 2024 · The fund is one of few general municipal bond funds that do not invest in bonds subject to the alternative minimum tax. The fund may also invest up to 35% of assets in lower rated securities.

TFEBX: American Funds Tax Exempt Bond Fund®

WebApr 12, 2024 · The Tax-Exempt Bond Fund of America (Class F-2 Fund 619 TEAFX) seeks to provide a high level of current income exempt from federal income tax, consistent with … WebAbout AMHIX. The investment seeks a high level of current income exempt from regular federal income tax. Under normal circumstances, the fund will invest at least 80% of its assets in, or derive ... northcountry health dpc

Fund Details Capital Group

WebMay 26, 2024 · AFTEX - American Funds Tax-Exempt Bond A - Review the AFTEX stock price, growth, performance, sustainability and more to help you make the best investments. Webtaxable-equivalent yield of municipal bond. For example: 6.0% ÷ (1 − 0.24) = 7.9%. In this instance, if you are in the 24% federal tax bracket, a taxable investment needs to yield 7.9% to equal the lower, but tax-exempt, return offered by a municipal bond fund that currently yields 6%. If you are investing in a state-specific municipal bond ... WebAug 4, 2024 · Interest on many municipal bonds issued by local and state governments and some non-profits is exempt from federal income taxes. As a result, investors, mainly high-income individuals, are willing ... north country healthcare portal