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AFTEX American Funds Tax-Exempt Bond A

  • Fund
  • AFTEX
  • Price as of: Jan 18, 2019
  • $12.80
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

AFTEX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return 2.2%
  • 5 Yr Annualized Return 3.8%
  • Net Assets $18.1 B
  • Holdings in Top 10 2.8%

52 WEEK LOW AND HIGH

$12.80
$12.55
$12.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.53%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.00%

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 0.2%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.91%
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 0.2% -13.2% 99.4% 34.63% 3
1 Yr 0.8% -5.8% 10.7% 50.65% 3
3 Yr 2.2% * -4.5% 7.0% 19.07% 1
5 Yr 3.8% * -0.5% 5.8% 22.05% 2
10 Yr 5.2% * 0.0% 8.4% 20.99% 2

* Annualized


Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -2.1% -5.3% 3.8% 40.71% 4
2017 2.4% -5.6% 7.2% 18.63% 2
2016 -2.7% -8.5% 8.8% 42.91% 4
2015 -0.2% -10.9% 8.6% 26.07% 3
2014 6.0% -9.8% 12.0% 22.02% 2

Total Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.2% -13.2% 99.4% 34.47% 3
1 Yr -3.0% -8.9% 8.9% 83.55% 5
3 Yr 0.9% * -5.4% 7.0% 59.45% 3
5 Yr 3.0% * -1.3% 5.8% 32.29% 2
10 Yr 4.8% * 0.0% 8.4% 25.51% 2

* Annualized


Total Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -2.1% -5.3% 3.8% 41.72% 4
2017 2.4% -5.6% 6.9% 19.32% 2
2016 -2.7% -8.2% 9.3% 48.38% 4
2015 -0.2% -10.3% 8.6% 38.42% 3
2014 6.0% -9.8% 17.0% 27.00% 2

NAV & Total Return History

AFTEX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

AFTEX Category Low Category High AFTEX % Rank Quintile
Net Assets 18.1 B 491 K 58 B 0.48% 1
Number of Holdings 4079 1 7949 0.48% 1
Net Assets in Top 10 514 M -301 M 1.74 B 3.06% 1
Weighting of Top 10 2.8% 0.0% 100.0% 39.35% 5

Top 10 Holdings

  1. METROPOLITAN TRANSN AUTH N Y 4% 0.36%
  2. LONG IS PWR AUTH N Y 2.39% 0.34%
  3. MASSACHUSETTS ST 4% 0.31%
  4. WISCONSIN ST 6% 0.30%
  5. WASHINGTON ST HEALTH CARE FACS AUTH 2.71% 0.27%
  6. UNIVERSITY KANS HOSP AUTH 5% 0.27%
  7. NEW JERSEY ST HSG & MTG FIN AGY 4.5% 0.24%
  8. NEWPORT NEWS VA INDL DEV AUTH 5.33% 0.23%
  9. ILLINOIS FIN AUTH 6.88% 0.23%
  10. UNIVERSITY PITTSBURGH PA 1.95% 0.23%

Asset Allocation

Weighting Category Low Category High AFTEX % Rank Quintile
Bonds
99.10% 0.00% 202.21% 10.47% 3
Cash
0.90% -110.85% 100.00% 21.45% 3
Stocks
0.00% -0.35% 1.72% 1.29% 5
Preferred Stocks
0.00% 0.00% 9.77% 0.81% 5
Other
0.00% -2.77% 31.66% 5.16% 5
Convertible Bonds
0.00% 0.00% 2.30% 0.97% 5

Bond Sector Breakdown

Weighting Category Low Category High AFTEX % Rank Quintile
Municipal
99.10% 0.00% 121.75% 9.52% 2
Cash & Equivalents
0.90% -110.85% 100.00% 21.13% 3
Derivative
0.00% -5.91% 0.85% 0.65% 5
Securitized
0.00% 0.00% 45.91% 2.26% 5
Corporate
0.00% 0.00% 43.73% 4.68% 5
Government
0.00% -22.25% 117.34% 5.65% 5

Bond Geographic Breakdown

Weighting Category Low Category High AFTEX % Rank Quintile
US
98.32% 0.00% 202.21% 13.55% 3
Non US
0.78% 0.00% 27.67% 7.10% 2

AFTEX - Expenses

Operational Fees

AFTEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.53% 0.08% 4.80% 21.74% 1
Management Fee 0.21% 0.00% 0.65% 5.80% 1
12b-1 Fee 0.25% 0.00% 1.00% 4.40% 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 17.00% 0.00% 504.54% 15.62% 2

AFTEX - Distributions

Dividend Yield Analysis

AFTEX Category Low Category High AFTEX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.01% 15.21% 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 2.91% 0.01% 5.26% 14.49% 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

15.01

Tenure Rank

4.8%

Zeile has been employed by Capital and its affiliates since 1999


Neil L. Langberg

Manager

Start Date

Oct 03, 1979

Tenure

39.27

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

2.25

Tenure Rank

17.8%

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

39.2

Category Average

8.03

Category Mode

0.7