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AFTEX American Funds Tax-Exempt Bond A

  • Fund
  • AFTEX
  • Price as of: Aug 23, 2019
  • $13.44 - $0.00 - 0.00%
  • Category
  • National Munis

AFTEX - Profile

Vitals

  • YTD Return 5.2%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $21 B
  • Holdings in Top 10 2.5%

52 WEEK LOW AND HIGH

$13.44
$12.55
$13.46

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 5.2%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.91%
DIVIDENDS
  • Dividend Yield 1.6%
  • 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 Neil L. Langberg

AFTEX - Performance

Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% 0.0% 5.7% 31.34%
1 Yr 4.9% -2.9% 5.5% 25.55%
3 Yr 0.1%* -3.2% 1.3% 30.67%
5 Yr 0.7%* -1.8% 2.2% 23.87%
10 Yr 1.4%* -8.7% 2.3% 16.57%

* Annualized


Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -4.8% 0.8% 59.12%
2017 2.4% -0.9% 5.6% 27.79%
2016 -2.7% -6.1% 7.3% 58.85%
2015 -0.2% -10.9% 2.6% 39.92%
2014 6.0% -60.4% 12.0% 33.33%

Total Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% 0.0% 6.0% 32.93%
1 Yr 4.9% -2.8% 6.9% 28.54%
3 Yr 0.1%* -3.2% 3.2% 41.51%
5 Yr 0.7%* -1.8% 3.7% 34.57%
10 Yr 1.4%* -8.7% 4.8% 25.00%

* Annualized


Total Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -4.8% 1.7% 62.32%
2017 2.4% -0.9% 6.2% 34.69%
2016 -2.7% -6.1% 7.3% 64.81%
2015 -0.2% -9.6% 3.9% 47.74%
2014 6.0% -60.4% 12.0% 35.67%

NAV & Total Return History

AFTEX - Holdings

Concentration Analysis

AFTEX Category Low Category High AFTEX % Rank
Net Assets 21 B 762 K 68.3 B 1.20%
Number of Holdings 4314 3 8426 1.20%
Net Assets in Top 10 524 M -4.59 M 2.02 B 10.00%
Weighting of Top 10 2.47% 2.5% 100.0% 100.00%

Top 10 Holdings

  1. LONG ISLAND PWR AUTH N Y ELEC SYS REV 2.46% 0.30%

  2. CHICAGO ILL O HARE INTL ARPT REV 5% 0.28%

  3. LANSING MICH BRD WTR & LT UTIL SYS REV 5% 0.25%

  4. UNIVERSITY N C CHAPEL HILL REV 2.04% 0.24%

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

  6. CALIFORNIA HEALTH FACS FING AUTH REV 5% 0.24%

  7. NORTH TEX TWY AUTH REV 5% 0.24%

  8. WASHINGTON ST HEALTH CARE FACS AUTH REV 2.9% 0.23%

  9. LANSING MICH BRD WTR & LT UTIL SYS REV 5% 0.23%

  10. NEWPORT NEWS VA INDL DEV AUTH HEALTH SYS REV 5.33% 0.21%


Asset Allocation

Weighting Return Low Return High AFTEX % Rank
Bonds
97.93% 17.56% 101.83% 57.60%
Cash
2.07% -1.83% 82.44% 43.20%
Stocks
0.00% 0.00% 0.39% 80.40%
Preferred Stocks
0.00% 0.00% 8.94% 80.20%
Other
0.00% -2.64% 30.00% 76.00%
Convertible Bonds
0.00% 0.00% 2.66% 80.20%

Bond Sector Breakdown

Weighting Return Low Return High AFTEX % Rank
Municipal
97.83% 0.00% 104.99% 54.60%
Cash & Equivalents
2.17% -8.39% 82.44% 42.60%
Derivative
0.00% 0.00% 0.08% 80.40%
Securitized
0.00% 0.00% 23.62% 80.40%
Corporate
0.00% 0.00% 39.71% 84.20%
Government
0.00% -6.32% 93.35% 75.20%

Bond Geographic Breakdown

Weighting Return Low Return High AFTEX % Rank
US
97.04% 17.56% 101.37% 55.60%
Non US
0.89% 0.00% 23.82% 30.20%

AFTEX - Expenses

Operational Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.09% 4.80% 80.04%
Management Fee 0.21% 0.00% 0.65% 6.99%
12b-1 Fee 0.25% 0.00% 1.00% 56.47%
Administrative Fee 0.01% 0.01% 0.34% 3.78%

Sales Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 40.00%
Deferred Load N/A 0.50% 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 17.00% 0.00% 739.25% 23.75%

AFTEX - Distributions

Dividend Yield Analysis

AFTEX Category Low Category High AFTEX % Rank
Dividend Yield 1.60% 0.00% 2.53% 36.73%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AFTEX Category Low Category High AFTEX % Rank
Net Income Ratio 2.91% 0.01% 4.95% 28.94%

Capital Gain Distribution Analysis

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

AFTEX - Managers

Neil L. Langberg

Manager

Start Date

Tenure

Tenure Rank

Oct 03, 1979

39.85

39.9%

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


Karl J. Zeile

Manager

Start Date

Tenure

Tenure Rank

Dec 30, 2003

15.59

15.6%

Zeile has been employed by Capital and its affiliates since 1999


Chad M. Rach

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2016

2.83

2.8%

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

39.77

Category Average

7.57

Category Mode

4.32