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AFTEX American Funds Tax-Exempt Bond A

  • Fund
  • AFTEX
  • Price as of: Dec 02, 2016
  • $12.61
  • + $0.01
  • + 0.08%
  • Category
  • National Munis

AFTEX - Profile

Vitals

  • YTD Return -3.7%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $13.8 B
  • Holdings in Top 10 4.3%

52 WEEK LOW AND HIGH

$12.61
$12.60
$13.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.54%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 13.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$250

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Distributions

  • YTD Total Return -3.7%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.15%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Funds Tax Exempt Bond Fund®
  • Fund Family Name American Funds
  • Inception Date Oct 03, 1979
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Karl J. Zeile

AFTEX - Performance

Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.7% -6.1% 99.4% 45.37% 4
1 Yr -3.4% -7.6% 10.7% 76.87% 5
3 Yr 0.5% * -4.5% 7.6% 61.20% 4
5 Yr 0.5% * -1.7% 6.9% 62.80% 4
10 Yr 0.0% * -2.3% 5.3% 79.36% 5

* Annualized


Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.2% -10.9% 2.6% 21.96% 2
2014 6.0% -2.2% 12.0% 22.86% 2
2013 -6.0% -11.9% 0.1% 41.25% 4
2012 5.1% -7.1% 10.2% 12.96% 1
2011 5.9% -1.8% 15.2% 23.77% 2

Total Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.7% -6.1% 99.4% 49.59% 4
1 Yr -3.4% -8.9% 10.0% 79.32% 5
3 Yr 0.5% * -5.4% 7.6% 64.20% 4
5 Yr 0.5% * -0.9% 6.9% 68.70% 4
10 Yr 0.0% * -2.3% 5.3% 83.54% 5

* Annualized


Total Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.2% -9.7% 5.1% 35.98% 3
2014 6.0% -0.9% 17.0% 27.57% 2
2013 -6.0% -11.9% 2.1% 48.10% 4
2012 5.1% -0.6% 17.8% 20.24% 2
2011 5.9% -1.1% 16.2% 34.90% 3

NAV & Total Return History

AFTEX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

AFTEX Category Low Category High AFTEX % Rank Quintile
Net Assets 13.8 B 491 K 53 B 0.64% 1
Number of Holdings 3582 1 6199 0.48% 1
Net Assets in Top 10 603 M -179 M 1.27 B 1.29% 1
Weighting of Top 10 4.3% 0.0% 100.0% 34.03% 5

Top 10 Holdings

  1. Buckeye Ohio Tob Settlement Fi To 5.875% 0.72%
  2. Colorado St Gen Fd Rev General F 2% 0.53%
  3. Los Angeles Cnty Calif Trans 3% 0.43%
  4. Wisconsin St Gen Fd Annual App Genera 6% 0.42%
  5. Washington St Health Care Facs Rev 1.01% 0.42%
  6. Tobacco Settlement Fing Corp N Asset 5% 0.40%
  7. Michigan Tob Settlement Fin Au Tobacc 6% 0.39%
  8. Black Belt Engy Gas Dist 4% 0.38%
  9. Illinois St Toll Hwy Auth 5% 0.28%
  10. Buckeye Ohio Tob Settlement Fi Toba 6.5% 0.28%

Asset Allocation

Weighting Category Low Category High AFTEX % Rank Quintile
Bonds
97.10% 0.00% 202.21% 14.98% 3
Cash
2.90% -110.85% 100.00% 15.65% 3
Other
0.00% -2.77% 27.54% 6.94% 5
Convertible Bonds
0.00% 0.00% 2.79% 0.81% 5
Preferred Stocks
0.00% 0.00% 11.46% 1.45% 5
Stocks
0.00% 0.00% 1.40% 1.13% 5

Bond Sector Breakdown

Weighting Category Low Category High AFTEX % Rank Quintile
Municipal
96.51% 0.00% 140.62% 15.00% 3
Cash & Equivalents
2.90% -110.85% 100.00% 15.81% 3
Government
0.58% -42.63% 117.34% 4.35% 1
Securitized
0.00% 0.00% 41.81% 2.74% 5
Corporate
0.00% 0.00% 34.61% 4.35% 5
Derivative
0.00% -0.43% 4.79% 0.48% 5

Bond Geographic Breakdown

Weighting Category Low Category High AFTEX % Rank Quintile
US
97.10% 0.00% 202.21% 15.00% 3
Non US
0.00% 0.00% 20.62% 0.81% 5

AFTEX - Expenses

Operational Fees

AFTEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.54% 0.10% 4.60% 21.42% 1
Management Fee 0.23% 0.00% 1.00% 5.64% 1
12b-1 Fee 0.25% 0.00% 1.00% 4.67% 3
Administrative Fee 0.01% 0.00% 0.35% 8.07% 1

Sales Fees

AFTEX Fees (% of AUM) Category Low Category High AFTEX Rank Quintile
Front Load 3.75% 0.50% 5.75% 4.55% 4
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

AFTEX Fees (% of AUM) Category Low Category High AFTEX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AFTEX Fees (% of AUM) Category Low Category High AFTEX Rank Quintile
Turnover 13.00% 0.00% 783.51% 14.81% 2

AFTEX - Distributions

Dividend Yield Analysis

AFTEX Category Low Category High AFTEX % Rank Quintile
Dividend Yield 0.4% 0.00% 2.86% 11.91% 1

Dividend Distribution Analysis

AFTEX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AFTEX Category Low Category High AFTEX % Rank Quintile
Net Income Ratio 3.15% -0.60% 5.26% 13.20% 2

Capital Gain Distribution Analysis

AFTEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

AFTEX - Managers

Karl J. Zeile

Manager

Start Date

Dec 30, 2003

Tenure

12.85

Tenure Rank

5.2%

Zeile is the vice president and director of Capital Research Company Investment. He began his professional career 14 years ago; 6 years with Capital Research and Management Company or affiliate.


Neil L. Langberg

Manager

Start Date

Oct 03, 1979

Tenure

37.1

Tenure Rank

0.1%

Langberg is a vice president with Capital Research and Management Company, his employer since 1978.


Chad M. Rach

Manager

Start Date

Oct 01, 2016

Tenure

0.08

Tenure Rank

18.2%

Primary title with Capital Research and Management Company, Senior Vice President and Capital Fixed Income Investors. Rach is a portfolio manager with Strong, where he started in March 2000 as a fixed income analyst. Prior to this, he was assistant vice president with both Robert W. Baird & Co. and Miller & Schroeder Financial. He also worked as Director of Community Development for the city of Glendale, WI.


Tenure Analysis

Category Low

0.0

Category High

37.1

Category Average

7.32

Category Mode

4.8