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Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

American Funds Tax Exempt Bond Fund®

AFTEX | Fund

$12.05

$24.7 B

2.62%

$0.32

0.56%

Vitals

YTD Return

0.1%

1 yr return

-3.1%

3 Yr Avg Return

-2.9%

5 Yr Avg Return

-1.2%

Net Assets

$24.7 B

Holdings in Top 10

3.0%

52 WEEK LOW AND HIGH

$12.1
$11.52
$12.50

Expenses

OPERATING FEES

Expense Ratio 0.56%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 21.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

American Funds Tax Exempt Bond Fund®

AFTEX | Fund

$12.05

$24.7 B

2.62%

$0.32

0.56%

AFTEX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.07%
DIVIDENDS
  • Dividend Yield 2.6%
  • 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
    Karl Zeile

AFTEX - Performance

Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -86.8% 7.5% 23.49%
1 Yr -3.1% -48.9% 15.3% 59.48%
3 Yr -2.9%* -21.5% 51.9% 59.90%
5 Yr -1.2%* -5.9% 29.0% 50.93%
10 Yr -0.8%* -3.6% 13.2% 33.90%

* Annualized

Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2022 -11.2% -91.1% 101.7% 55.91%
2021 -0.2% -79.2% 102.5% 54.19%
2020 0.7% -66.1% 60.0% 24.23%
2019 1.1% -57.4% 7.6% 33.80%
2018 -0.4% -35.9% 3.2% 40.64%

Total Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -86.8% 7.5% 24.77%
1 Yr -3.1% -48.9% 15.4% 59.83%
3 Yr -2.9%* -21.5% 51.9% 60.99%
5 Yr -1.2%* -5.9% 29.0% 54.77%
10 Yr -0.8%* -3.6% 13.3% 41.67%

* Annualized

Total Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2022 -11.2% -91.1% 101.7% 55.64%
2021 -0.2% -79.2% 102.5% 54.16%
2020 0.7% -66.1% 60.0% 24.27%
2019 1.1% -57.4% 7.6% 34.14%
2018 -0.4% -35.9% 3.2% 42.31%

NAV & Total Return History

AFTEX - Holdings

Concentration Analysis

AFTEX Category Low Category High AFTEX % Rank
Net Assets 24.7 B 2.87 M 73.9 B 0.60%
Number of Holdings 5544 1 14000 0.73%
Net Assets in Top 10 806 M -317 M 8.64 B 1.64%
Weighting of Top 10 2.96% 2.4% 100.0% 99.68%

Top 10 Holdings

  1. TEXAS ST 4% 0.55%
  2. LOS ANGELES CALIF 4% 0.41%
  3. COLORADO ST ED LN PROG 1% 0.40%
  4. COLORADO ST ED LN PROG 2.75% 0.39%
  5. EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 0.08% 0.38%
  6. NEW YORK ST PWR AUTH REV 4% 0.35%
  7. TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 0.823% 0.34%
  8. MUNICIPAL ELEC AUTH GA 5% 0.34%
  9. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4% 0.30%
  10. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.01% 0.29%

Asset Allocation

Weighting Return Low Return High AFTEX % Rank
Bonds 		98.16% 0.00% 150.86% 66.51%
Cash 		1.84% -50.86% 100.00% 32.51%
Stocks 		0.00% -0.03% 4.63% 98.36%
Preferred Stocks 		0.00% -1.79% 0.04% 97.35%
Other 		0.00% -13.03% 30.01% 96.62%
Convertible Bonds 		0.00% 0.00% 0.93% 97.67%

Bond Sector Breakdown

Weighting Return Low Return High AFTEX % Rank
Municipal 		97.54% 0.00% 100.00% 70.78%
Cash & Equivalents 		2.46% 0.00% 100.00% 28.04%
Derivative 		0.00% 0.00% 21.68% 96.99%
Securitized 		0.00% 0.00% 5.93% 96.99%
Corporate 		0.00% 0.00% 9.99% 98.04%
Government 		0.00% 0.00% 52.02% 97.03%

Bond Geographic Breakdown

Weighting Return Low Return High AFTEX % Rank
US 		97.48% 0.00% 142.23% 49.86%
Non US 		0.68% 0.00% 62.14% 47.81%

AFTEX - Expenses

Operational Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.56% 0.02% 3.60% 50.02%
Management Fee 0.18% 0.00% 1.10% 5.37%
12b-1 Fee 0.25% 0.00% 1.00% 63.09%
Administrative Fee 0.05% 0.01% 0.44% 17.32%

Sales Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.00% 4.90% 64.27%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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 21.00% 0.00% 283.00% 63.96%

AFTEX - Distributions

Dividend Yield Analysis

AFTEX Category Low Category High AFTEX % Rank
Dividend Yield 2.62% 0.00% 35.27% 35.58%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AFTEX Category Low Category High AFTEX % Rank
Net Income Ratio 2.07% -0.53% 24.00% 44.12%

Capital Gain Distribution Analysis

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

Distributions History

View More +

AFTEX - Fund Manager Analysis

Managers

Karl Zeile

Start Date

Tenure

Tenure Rank

Dec 30, 2003

18.43

18.4%

Zeile has been employed by Capital and its affiliates since 1999.

Chad Rach

Start Date

Tenure

Tenure Rank

Oct 01, 2016

5.67

5.7%

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.

Courtney Wolf

Start Date

Tenure

Tenure Rank

Oct 01, 2020

1.66

1.7%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.21 1.58

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