AFTEX: American Funds Tax-Exempt Bond A

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AFTEX American Funds Tax-Exempt Bond A


Profile

AFTEX - Profile

Vitals

  • YTD Return 1.4%
  • 3 Yr Annualized Return 1.9%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $23.6 B
  • Holdings in Top 10 2.6%

52 WEEK LOW AND HIGH

$13.51
$12.85
$13.53

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 N/A

Fund Classification


Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.84%
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 Zeile

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Categories

Performance

AFTEX - Performance

Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.4% 6.6% 49.16%
1 Yr 5.1% -1.4% 86.3% 42.22%
3 Yr 1.9%* -2.6% 23.0% 15.87%
5 Yr 0.6%* -14.5% 12.5% 23.38%
10 Yr 1.1%* -8.5% 6.7% 17.28%

* Annualized

Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2019 4.4% -1.7% 83.9% 43.78%
2018 -2.1% -11.7% 4.6% 38.24%
2017 2.4% -4.4% 8.3% 15.06%
2016 -2.7% -58.1% 7.7% 77.11%
2015 -0.2% -18.3% 3.0% 18.82%

Total Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -1.4% 6.6% 49.16%
1 Yr 5.1% -1.4% 86.3% 42.26%
3 Yr 1.9%* -2.6% 23.0% 25.92%
5 Yr 0.6%* -14.5% 12.5% 37.32%
10 Yr 1.1%* -8.5% 7.1% 34.27%

* Annualized

Total Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2019 4.4% -1.7% 83.9% 44.40%
2018 -2.1% -11.7% 6.5% 46.73%
2017 2.4% -4.4% 10.4% 25.53%
2016 -2.7% -58.1% 10.7% 79.49%
2015 -0.2% -14.6% 4.2% 27.03%

NAV & Total Return History


Holdings

AFTEX - Holdings

Concentration Analysis

AFTEX Category Low Category High AFTEX % Rank
Net Assets 23.6 B 690 K 259 B 3.44%
Number of Holdings 4659 1 17590 0.90%
Net Assets in Top 10 602 M -216 M 23.5 B 16.34%
Weighting of Top 10 2.55% 2.3% 144.8% 99.78%

Top 10 Holdings

  1. MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 1.6% 0.34%
  2. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 0.29%
  3. MUNICIPAL ELEC AUTH GA 5% 0.27%
  4. LONG ISLAND PWR AUTH N Y ELEC SYS REV 1.94% 0.27%
  5. TEXAS ST 4% 0.26%
  6. TAMPA-HILLSBOROUGH CNTY FLA EXP WY AUTH REV 4% 0.23%
  7. CALIFORNIA HEALTH FACS FING AUTH REV 5% 0.23%
  8. LANSING MICH BRD WTR & LT UTIL SYS REV 5% 0.23%
  9. UNIVERSITY KANS HOSP AUTH HEALTH FACS REV 5% 0.22%
  10. UNIVERSITY N C CHAPEL HILL REV 1.54% 0.22%

Asset Allocation

Weighting Return Low Return High AFTEX % Rank
Bonds
98.92% 80.02% 160.64% 31.08%
Cash
1.08% -60.64% 19.63% 62.29%
Stocks
0.00% -0.98% 26.05% 56.56%
Preferred Stocks
0.00% 0.00% 7.43% 60.43%
Other
0.00% -8.60% 31.85% 58.64%
Convertible Bonds
0.00% 0.00% 6.13% 72.97%

Bond Sector Breakdown

Weighting Return Low Return High AFTEX % Rank
Municipal
98.96% 0.00% 100.11% 21.86%
Cash & Equivalents
1.04% -29.57% 21.18% 70.18%
Derivative
0.00% -0.83% 20.88% 59.18%
Securitized
0.00% 0.00% 98.40% 77.85%
Corporate
0.00% 0.00% 99.29% 81.47%
Government
0.00% -2.21% 122.41% 80.22%

Bond Geographic Breakdown

Weighting Return Low Return High AFTEX % Rank
US
97.87% 58.28% 160.64% 27.17%
Non US
1.05% -12.34% 26.76% 67.60%

Expenses

AFTEX - Expenses

Operational Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.01% 4.78% 78.81%
Management Fee 0.21% 0.00% 1.10% 9.54%
12b-1 Fee 0.25% 0.00% 1.00% 45.65%
Administrative Fee 0.01% 0.00% 0.50% 1.29%

Sales Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 47.42%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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% 1434.00% 27.14%

Distributions

AFTEX - Distributions

Dividend Yield Analysis

AFTEX Category Low Category High AFTEX % Rank
Dividend Yield 0.44% 0.00% 3.49% 46.18%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AFTEX Category Low Category High AFTEX % Rank
Net Income Ratio 2.84% 0.00% 6.30% 36.71%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

AFTEX - Fund Manager Analysis

Managers

Karl Zeile


Start Date

Tenure

Tenure Rank

Dec 30, 2003

16.1

16.1%

Zeile has been employed by Capital and its affiliates since 1999

Chad Rach


Start Date

Tenure

Tenure Rank

Oct 01, 2016

3.33

3.3%

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 Category High Category Average Category Mode
0.02 33.19 7.45 0.08