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AFTEX American Funds Tax-Exempt Bond A

  • Fund
  • AFTEX
  • Price as of: Sep 18, 2017
  • $13.05
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

AFTEX - Profile

Vitals

  • YTD Return 2.4%
  • 3 Yr Annualized Return 3.3%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $14.3 B
  • Holdings in Top 10 3.5%

52 WEEK LOW AND HIGH

$13.05
$12.60
$13.31

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 2.4%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.15%
DIVIDENDS
  • Dividend Yield 0.5%
  • 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 2.4% -3.4% 99.4% 27.67% 2
1 Yr 0.6% -5.8% 10.7% 39.74% 3
3 Yr 3.3% * -4.5% 7.1% 22.16% 2
5 Yr 3.3% * -0.5% 5.8% 17.61% 1
10 Yr 4.4% * -0.5% 6.1% 20.00% 1

* Annualized


Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.7% -8.5% 7.3% 39.19% 3
2015 -0.2% -10.9% 7.2% 23.59% 3
2014 6.0% -7.7% 12.0% 22.16% 2
2013 -6.0% -11.9% 5.4% 42.67% 4
2012 5.1% -7.1% 10.2% 13.82% 1

Total Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.4% -3.0% 99.4% 27.67% 2
1 Yr -3.2% -8.9% 8.9% 84.53% 5
3 Yr 1.9% * -5.4% 7.1% 47.59% 3
5 Yr 2.5% * -1.1% 5.8% 34.50% 2
10 Yr 4.0% * -0.5% 6.1% 32.00% 2

* Annualized


Total Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.7% -8.2% 7.3% 44.59% 4
2015 -0.2% -9.7% 6.9% 37.61% 3
2014 6.0% -7.7% 17.0% 26.88% 2
2013 -6.0% -11.9% 5.1% 49.33% 4
2012 5.1% -0.6% 17.8% 20.93% 2

NAV & Total Return History

AFTEX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

AFTEX Category Low Category High AFTEX % Rank Quintile
Net Assets 14.3 B 491 K 55.3 B 0.64% 1
Number of Holdings 3619 1 6689 0.48% 1
Net Assets in Top 10 503 M -426 M 1.15 B 2.42% 1
Weighting of Top 10 3.5% 0.0% 100.0% 37.74% 5

Top 10 Holdings

  1. Univ Kans Hosp Auth 5% 0.41%
  2. Wisconsin St Gen Fd Annual App Genera 6% 0.40%
  3. Washington St Health Care Facs Rev 1.83% 0.40%
  4. East Baton Rouge Parish La Inc Var 0.66% 0.39%
  5. Buckeye Ohio Tob Settlement Fi To 5.875% 0.38%
  6. Michigan Tob Settlement Fin Au Tobacc 6% 0.38%
  7. Black Belt Engy Gas Dist 4% 0.30%
  8. Mississippi Busn Fin Corp Var Rate 0.67% 0.30%
  9. Houston Tex Tax And R 3% 0.29%
  10. Illinois St Toll Hwy Auth 5% 0.27%

Asset Allocation

Weighting Category Low Category High AFTEX % Rank Quintile
Bonds
97.68% 0.00% 202.21% 13.69% 3
Cash
2.32% -110.85% 100.00% 17.74% 3
Stocks
0.00% 0.00% 1.27% 1.29% 5
Preferred Stocks
0.00% 0.00% 11.59% 0.81% 5
Other
0.00% -2.77% 29.98% 7.10% 5
Convertible Bonds
0.00% 0.00% 3.02% 0.81% 5

Bond Sector Breakdown

Weighting Category Low Category High AFTEX % Rank Quintile
Municipal
97.28% 0.00% 127.32% 13.87% 3
Cash & Equivalents
2.32% -110.85% 100.00% 17.42% 3
Government
0.40% -28.46% 117.34% 10.32% 2
Derivative
0.00% -6.36% 6.21% 0.48% 5
Securitized
0.00% 0.00% 27.69% 2.74% 5
Corporate
0.00% 0.00% 34.74% 4.35% 5

Bond Geographic Breakdown

Weighting Category Low Category High AFTEX % Rank Quintile
US
97.68% 0.00% 202.21% 13.55% 3
Non US
0.00% 0.00% 29.22% 0.81% 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 0.23% 0.00% 1.00% 5.48% 1
12b-1 Fee 0.25% 0.00% 1.00% 4.41% 3
Administrative Fee 0.01% 0.00% 0.35% 8.39% 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% 0.42% 905.27% 14.98% 2

AFTEX - Distributions

Dividend Yield Analysis

AFTEX Category Low Category High AFTEX % Rank Quintile
Dividend Yield 0.5% 0.00% 3.21% 13.17% 2

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 3.15% -0.41% 5.26% 12.56% 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

13.68

Tenure Rank

5.3%

Zeile has been employed by Capital and its affiliates since 1999


Neil L. Langberg

Manager

Start Date

Oct 03, 1979

Tenure

37.94

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

0.92

Tenure Rank

19.0%

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

37.9

Category Average

7.74

Category Mode

2.7