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AFTEX American Funds Tax-Exempt Bond A

  • Fund
  • AFTEX
  • Price as of: Aug 08, 2016
  • $13.37
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

AFTEX - Profile

Vitals

  • YTD Return 2.1%
  • 3 Yr Annualized Return 6.0%
  • 5 Yr Annualized Return 5.5%
  • Net Assets $13.4 B
  • Holdings in Top 10 4.1%

52 WEEK LOW AND HIGH

$13.37
$12.95
$13.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.54%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.00%

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 2.1%
  • 3 Yr Annualized Total Return 4.6%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.28%
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 2.1% -2.5% 99.4% 25.20% 2
1 Yr 6.7% -5.8% 13.3% 24.96% 2
3 Yr 6.0% * -4.5% 9.4% 24.96% 2
5 Yr 5.5% * -0.5% 8.0% 20.66% 2
10 Yr 4.7% * -0.3% 5.9% 21.31% 2

* Annualized


Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.2% -10.9% 99.6% 22.45% 2
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

Total Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.1% -2.5% 99.4% 24.96% 2
1 Yr 2.7% -8.9% 13.3% 56.52% 3
3 Yr 4.6% * -5.4% 9.4% 40.90% 3
5 Yr 4.7% * -0.5% 8.0% 28.97% 2
10 Yr 4.3% * -0.3% 5.9% 33.33% 2

* Annualized


Total Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.2% -10.9% 99.6% 22.45% 2
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

NAV & Total Return History

AFTEX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

AFTEX Category Low Category High AFTEX % Rank Quintile
Net Assets 13.4 B 491 K 52.2 B 0.48% 1
Number of Holdings 3403 1 5633 0.32% 1
Net Assets in Top 10 551 M -90.5 M 1.34 B 2.10% 1
Weighting of Top 10 4.1% 0.0% 100.0% 33.55% 5

Top 10 Holdings

  1. Buckeye Ohio Tob Settlement Fi To 5.875% 0.76%
  2. Los Angeles Cnty Calif Trans 3% 0.45%
  3. Wisconsin St Gen Fd Annual App Genera 6% 0.44%
  4. Washington St Health Care Facs Rev 1.01% 0.44%
  5. Tobacco Settlement Fing Corp N Asset 5% 0.42%
  6. Michigan Tob Settlement Fin Au Tobacc 6% 0.39%
  7. Illinois St Toll Hwy Auth 5% 0.30%
  8. Buckeye Ohio Tob Settlement Fi Toba 6.5% 0.29%
  9. Grand Parkway Transn Corp Tex Toll 5% 0.28%
  10. Houston Tex Util Sys Rev For I Comb U 5% 0.28%

Asset Allocation

Weighting Category Low Category High AFTEX % Rank Quintile
Bonds
94.25% 0.00% 202.21% 17.23% 3
Cash
5.75% -110.85% 100.00% 15.48% 3
Other
0.00% -2.77% 30.50% 6.45% 5
Convertible Bonds
0.00% 0.00% 4.07% 0.65% 5
Preferred Stocks
0.00% 0.00% 11.63% 1.13% 5
Stocks
0.00% 0.00% 1.71% 1.13% 5

Bond Sector Breakdown

Weighting Category Low Category High AFTEX % Rank Quintile
Municipal
94.12% 0.00% 146.16% 16.94% 3
Cash & Equivalents
5.75% -110.85% 100.00% 15.48% 3
Government
0.13% -17.17% 117.34% 6.29% 2
Securitized
0.00% 0.00% 30.99% 2.26% 5
Corporate
0.00% 0.00% 33.65% 3.71% 5
Derivative
0.00% -0.52% 5.07% 0.48% 5

Bond Geographic Breakdown

Weighting Category Low Category High AFTEX % Rank Quintile
US
94.25% 0.00% 202.21% 17.10% 3
Non US
0.00% 0.00% 24.05% 0.97% 5

AFTEX - Expenses

Operational Fees

AFTEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.54% 0.09% 4.60% 20.93% 1
Management Fee 0.24% 0.00% 1.00% 5.48% 1
12b-1 Fee 0.25% 0.00% 1.00% 4.91% 3
Administrative Fee 0.01% 0.00% 0.35% 8.36% 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 14.00% 0.00% 783.51% 13.85% 2

AFTEX - Distributions

Dividend Yield Analysis

AFTEX Category Low Category High AFTEX % Rank Quintile
Dividend Yield 0.4% 0.00% 2.86% 11.89% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AFTEX Category Low Category High AFTEX % Rank Quintile
Net Income Ratio 3.28% -0.70% 5.26% 11.76% 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

12.59

Tenure Rank

5.4%

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

36.85

Tenure Rank

0.1%

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


Brenda S. Ellerin

Manager

Start Date

Jan 01, 1998

Tenure

18.59

Tenure Rank

2.0%

Ellerin is a vice president and portfolio manager with Capital Research Company, her employer since 1991.


Tenure Analysis

Category Low

0.1

Category High

36.9

Category Average

7.39

Category Mode

1.6