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TEBCX American Funds Tax-Exempt Bond C

  • Fund
  • TEBCX
  • Price as of: Jul 20, 2018
  • $12.85
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

TEBCX - Profile

Vitals

  • YTD Return -1.5%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 2.8%
  • Net Assets $18.4 B
  • Holdings in Top 10 2.8%

52 WEEK LOW AND HIGH

$12.85
$12.72
$13.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.32%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 20.00%

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 -1.5%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.33%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Funds Tax Exempt Bond Fund®
  • Fund Family Name American Funds
  • Inception Date Mar 15, 2001
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Karl J. Zeile

Fund Description

The fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax. It will not invest in securities that subject the investors to federal alternative minimum tax. It invests at least 65% in debt securities rated A- or better or A3 or better by Nationally Recognized Statistical Rating Organizations designated by the fund's investment adviser, or unrated but determined by the fund's investment adviser to be of equivalent quality.

TEBCX - Performance

Return Ranking - Trailing

Period TEBCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.5% -13.2% 99.4% 46.60% 4
1 Yr 1.3% -5.8% 10.7% 40.23% 3
3 Yr 2.0% * -4.5% 7.0% 48.28% 3
5 Yr 2.8% * -0.5% 5.8% 40.64% 3
10 Yr 3.5% * -0.5% 5.9% 50.00% 3

* Annualized


Return Ranking - Calendar

Period TEBCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.4% -5.3% 5.6% 18.24% 2
2016 -2.7% -8.5% 7.3% 41.37% 4
2015 -0.2% -10.9% 8.8% 24.79% 3
2014 6.0% -10.3% 12.0% 21.72% 2
2013 -6.0% -11.9% 8.7% 44.34% 4

Total Return Ranking - Trailing

Period TEBCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.5% -13.2% 99.4% 46.44% 4
1 Yr 0.3% -8.9% 8.9% 49.19% 3
3 Yr 2.0% * -5.4% 7.0% 36.94% 2
5 Yr 2.8% * -1.2% 5.8% 34.98% 2
10 Yr 3.5% * -0.5% 5.9% 47.29% 3

* Annualized


Total Return Ranking - Calendar

Period TEBCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.4% -5.3% 5.6% 18.24% 2
2016 -2.7% -8.2% 7.3% 46.67% 4
2015 -0.2% -9.7% 9.3% 38.29% 3
2014 6.0% -10.3% 17.0% 25.92% 2
2013 -6.0% -11.9% 8.9% 50.67% 4

NAV & Total Return History

TEBCX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

TEBCX Category Low Category High TEBCX % Rank Quintile
Net Assets 18.4 B 491 K 58 B 0.48% 1
Number of Holdings 4174 1 7665 0.48% 1
Net Assets in Top 10 524 M -286 M 1.45 B 2.58% 1
Weighting of Top 10 2.8% 0.0% 100.0% 38.39% 5

Top 10 Holdings

  1. MISSISSIPPI BUSINESS FIN CORP MISS 1.62% 0.37%
  2. METROPOLITAN TRANSN AUTH N Y 4% 0.36%
  3. WISCONSIN ST 6% 0.30%
  4. NEW YORK N Y 0% 0.29%
  5. UNIVERSITY KANS HOSP AUTH 5% 0.27%
  6. WASHINGTON ST HEALTH CARE FACS AUTH 2.51% 0.26%
  7. MAIN STR NAT GAS INC GA 4% 0.24%
  8. NEWPORT NEWS VA INDL DEV AUTH 5.33% 0.23%
  9. NEW JERSEY ST HSG & MTG FIN AGY 4.5% 0.23%
  10. BLACK BELT ENERGY GAS DIST ALA 4% 0.22%

Asset Allocation

Weighting Category Low Category High TEBCX % Rank Quintile
Bonds
96.92% 0.00% 202.21% 18.68% 4
Cash
3.08% -110.85% 100.00% 14.19% 2
Stocks
0.00% 0.00% 0.96% 1.13% 1
Preferred Stocks
0.00% 0.00% 10.29% 0.81% 1
Other
0.00% -2.77% 26.50% 6.13% 2
Convertible Bonds
0.00% 0.00% 2.30% 0.81% 1

Bond Sector Breakdown

Weighting Category Low Category High TEBCX % Rank Quintile
Municipal
96.92% 0.00% 121.26% 17.74% 4
Cash & Equivalents
3.08% -110.85% 100.00% 13.71% 2
Derivative
0.00% -5.91% 4.93% 0.81% 1
Securitized
0.00% 0.00% 39.64% 2.26% 1
Corporate
0.00% 0.00% 37.22% 4.52% 2
Government
0.00% -22.00% 117.34% 4.84% 2

Bond Geographic Breakdown

Weighting Category Low Category High TEBCX % Rank Quintile
US
96.29% 0.00% 202.21% 19.35% 4
Non US
0.63% 0.00% 23.91% 6.94% 2

TEBCX - Expenses

Operational Fees

TEBCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.32% 0.08% 4.60% 9.50% 4
Management Fee 0.22% 0.00% 1.00% 5.80% 1
12b-1 Fee 1.00% 0.00% 1.00% 0.24% 5
Administrative Fee 0.05% 0.00% 0.35% 6.21% 1

Sales Fees

TEBCX Fees (% of AUM) Category Low Category High TEBCX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load 1.00% 0.50% 5.50% 4.07% 1

Trading Fees

TEBCX Fees (% of AUM) Category Low Category High TEBCX 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.

TEBCX Fees (% of AUM) Category Low Category High TEBCX Rank Quintile
Turnover 20.00% 0.00% 504.54% 14.17% 2

TEBCX - Distributions

Dividend Yield Analysis

TEBCX Category Low Category High TEBCX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.01% 22.68% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TEBCX Category Low Category High TEBCX % Rank Quintile
Net Income Ratio 2.33% -0.41% 5.26% 23.35% 3

Capital Gain Distribution Analysis

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

TEBCX - Managers

Karl J. Zeile

Manager

Start Date

Dec 30, 2003

Tenure

14.51

Tenure Rank

5.1%

Zeile has been employed by Capital and its affiliates since 1999


Neil L. Langberg

Manager

Start Date

Oct 03, 1979

Tenure

38.77

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

1.75

Tenure Rank

18.6%

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

38.8

Category Average

7.9

Category Mode

3.5