AFTEX: American Funds Tax-Exempt Bond A

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AFTEX American Funds Tax-Exempt Bond A

  • Fund
  • AFTEX
  • Price as of: Oct 18, 2019
  • $13.32 - $0.00 - 0.00%

AFTEX - Profile

Vitals

  • YTD Return 4.3%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $21.6 B
  • Holdings in Top 10 2.5%

52 WEEK LOW AND HIGH

$13.32
$12.55
$13.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$250

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.84%
DIVIDENDS
  • Dividend Yield 1.4%
  • 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 (%)
YTD 4.3% -0.7% 83.7% 49.23%
1 Yr 5.8% -6.3% 21.7% 51.13%
3 Yr 0.4%* -2.6% 8.8% 40.98%
5 Yr 0.3%* -14.7% 7.1% 42.21%
10 Yr 1.0%* -8.6% 8.7% 44.00%

* Annualized


Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -13.7% 0.8% 37.90%
2017 2.4% -2.8% 21.2% 15.94%
2016 -2.7% -58.1% 8.6% 77.27%
2015 -0.2% -24.0% 3.0% 18.61%
2014 6.0% -60.4% 26.9% 19.17%

Total Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -0.7% 83.7% 49.91%
1 Yr 5.8% -6.3% 21.7% 49.12%
3 Yr 0.4%* -3.3% 8.9% 51.49%
5 Yr 0.3%* -14.7% 7.1% 53.82%
10 Yr 1.0%* -8.6% 8.7% 53.96%

* Annualized


Total Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -13.7% 6.5% 46.51%
2017 2.4% -2.7% 27.0% 27.07%
2016 -2.7% -58.1% 10.7% 79.78%
2015 -0.2% -14.6% 4.2% 26.96%
2014 6.0% -60.4% 26.9% 22.52%

NAV & Total Return History

AFTEX - Holdings

Concentration Analysis

AFTEX Category Low Category High AFTEX % Rank
Net Assets 21.6 B 698 K 241 B 3.26%
Number of Holdings 4373 1 17498 0.71%
Net Assets in Top 10 553 M -203 M 24.7 B 16.71%
Weighting of Top 10 2.48% 2.5% 215.9% 99.86%

Top 10 Holdings

  1. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 0.31%

  2. CALIFORNIA HEALTH FACS FING AUTH REV 5% 0.28%

  3. LONG ISLAND PWR AUTH N Y ELEC SYS REV 2.22% 0.28%

  4. LANSING MICH BRD WTR & LT UTIL SYS REV 5% 0.24%

  5. UNIVERSITY KANS HOSP AUTH HEALTH FACS REV 5% 0.24%

  6. NORTH TEX TWY AUTH REV 5% 0.23%

  7. UNIVERSITY N C CHAPEL HILL REV 1.81% 0.23%

  8. WASHINGTON ST HEALTH CARE FACS AUTH REV 2.58% 0.22%

  9. LANSING MICH BRD WTR & LT UTIL SYS REV 5% 0.22%

  10. MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 1.82% 0.21%


Asset Allocation

Weighting Return Low Return High AFTEX % Rank
Bonds
98.08% 80.14% 153.76% 43.91%
Cash
1.88% -46.73% 19.86% 50.57%
Other
0.04% -55.96% 29.72% 7.51%
Stocks
0.00% -17.64% 18.61% 70.04%
Preferred Stocks
0.00% -48.13% 8.19% 71.85%
Convertible Bonds
0.00% 0.00% 6.16% 82.54%

Bond Sector Breakdown

Weighting Return Low Return High AFTEX % Rank
Municipal
98.08% 0.00% 157.77% 29.64%
Cash & Equivalents
1.88% -46.73% 20.65% 50.35%
Derivative
0.00% -125.90% 28.01% 65.08%
Securitized
0.00% 0.00% 141.25% 86.83%
Corporate
0.00% -57.89% 99.15% 88.63%
Government
0.00% -86.06% 253.85% 84.84%

Bond Geographic Breakdown

Weighting Return Low Return High AFTEX % Rank
US
97.33% 66.38% 153.76% 32.58%
Non US
0.75% -55.96% 22.80% 68.94%

AFTEX - Expenses

Operational Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.00% 209.96% 80.24%
Management Fee 0.21% 0.00% 1.25% 9.49%
12b-1 Fee 0.25% 0.00% 1.00% 51.38%
Administrative Fee 0.01% 0.00% 0.63% 2.75%

Sales Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.00% 5.75% 50.97%
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 1856.00% 25.94%

AFTEX - Distributions

Dividend Yield Analysis

AFTEX Category Low Category High AFTEX % Rank
Dividend Yield 1.39% 0.00% 95.61% 44.12%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AFTEX Category Low Category High AFTEX % Rank
Net Income Ratio 2.84% -0.18% 6.30% 34.82%

Capital Gain Distribution Analysis

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

AFTEX - Managers

Karl J. Zeile

Manager

Start Date

Tenure

Tenure Rank

Dec 30, 2003

15.76

15.8%

Zeile has been employed by Capital and its affiliates since 1999


Chad M. Rach

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2016

3.0

3.0%

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

32.85

Category Average

7.58

Category Mode

7.37