AFTEX: American Funds Tax Exempt Bond Fund® - MutualFunds.com
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American Funds Tax-Exempt Bond A

AFTEX - Snapshot

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 4.9%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $26.9 B
  • Holdings in Top 10 3.2%

52 WEEK LOW AND HIGH

$13.79
$13.38
$13.79

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250
  • IRA N/A

Fund Classification

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

Compare AFTEX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.91

0.00%

$86.38 B

-

$0.00

0.34%

0.17%

$11.26

0.00%

$36.93 B

-

$0.00

0.00%

0.17%

$13.79

0.00%

$26.89 B

-

$0.00

1.25%

0.52%

$117.73

-0.06%

$22.71 B

-

-

0.41%

0.07%

$15.94

0.00%

$22.07 B

-

$0.00

-0.06%

0.17%

AFTEX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.46%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 1.2% -88.4% 9.2% 32.28%
1 Yr 5.1% -19.8% 22.3% 35.88%
3 Yr 4.9%* -6.1% 10.6% 30.03%
5 Yr 3.2%* -3.5% 7.1% 23.56%
10 Yr 4.4%* -0.2% 9.5% 26.74%

* Annualized

Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2020 2.2% -91.1% 310.0% 23.72%
2019 4.4% -79.8% 15.4% 27.20%
2018 -2.1% -72.6% 97.2% 35.36%
2017 2.4% -100.0% 7.6% 26.01%
2016 -2.7% -35.9% 96.8% 41.69%

Total Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -88.4% 9.2% 32.28%
1 Yr 1.2% -23.6% 29.0% 64.82%
3 Yr 3.5%* -6.9% 11.3% 58.18%
5 Yr 2.4%* -4.0% 7.1% 44.83%
10 Yr 4.0%* -0.4% 9.5% 34.15%

* Annualized

Total Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2020 2.2% -91.1% 310.0% 23.72%
2019 4.4% -79.8% 15.4% 27.61%
2018 -2.1% -72.6% 11.0% 36.97%
2017 2.4% -100.0% 7.6% 29.78%
2016 -2.7% -35.9% 3.0% 45.09%

NAV & Total Return History


AFTEX - Holdings

Concentration Analysis

AFTEX Category Low Category High AFTEX % Rank
Net Assets 26.9 B 901 K 86.4 B 0.46%
Number of Holdings 5211 1 11766 0.53%
Net Assets in Top 10 870 M -241 M 4.86 B 1.75%
Weighting of Top 10 3.16% 2.4% 100.0% 99.59%

Top 10 Holdings

  1. TEXAS ST 4% 0.55%
  2. NEW YORK ST PWR AUTH REV 4% 0.39%
  3. COLORADO ST ED LN PROG 2.75% 0.39%
  4. EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 0.08% 0.38%
  5. MUNICIPAL ELEC AUTH GA 5% 0.34%
  6. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4% 0.33%
  7. LOS ANGELES CALIF 4% 0.32%
  8. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.01% 0.29%
  9. NATIONAL FIN AUTH N H MUN CTFS 4.12% 0.29%
  10. BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5% 0.26%

Asset Allocation

Weighting Return Low Return High AFTEX % Rank
Bonds
97.28% 51.33% 145.79% 73.81%
Cash
2.71% -45.79% 48.67% 25.87%
Stocks
0.00% -0.08% 2.77% 95.41%
Preferred Stocks
0.00% -3.41% 1.06% 95.94%
Other
0.00% -13.42% 30.00% 96.39%
Convertible Bonds
0.00% 0.00% 1.18% 97.12%

Bond Sector Breakdown

Weighting Return Low Return High AFTEX % Rank
Municipal
97.16% 39.29% 100.00% 72.79%
Cash & Equivalents
2.84% 0.00% 48.67% 26.16%
Derivative
0.00% 0.00% 0.10% 97.12%
Securitized
0.00% 0.00% 7.63% 97.32%
Corporate
0.00% 0.00% 13.54% 97.60%
Government
0.00% 0.00% 51.02% 97.36%

Bond Geographic Breakdown

Weighting Return Low Return High AFTEX % Rank
US
96.55% 0.00% 141.11% 59.95%
Non US
0.73% 0.00% 100.00% 47.32%

AFTEX - Expenses

Operational Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.01% 4.23% 56.01%
Management Fee 0.19% 0.00% 1.12% 5.24%
12b-1 Fee 0.25% 0.00% 1.00% 61.76%
Administrative Fee 0.01% 0.01% 0.47% 1.88%

Sales Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.00% 5.75% 59.48%
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 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 24.00% 0.00% 299.40% 60.99%

AFTEX - Distributions

Dividend Yield Analysis

AFTEX Category Low Category High AFTEX % Rank
Dividend Yield 0.00% 0.00% 1.75% 97.61%

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 2.46% -1.65% 24.00% 38.89%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

AFTEX - Fund Manager Analysis

Managers

Karl Zeile


Start Date

Tenure

Tenure Rank

Dec 30, 2003

17.51

17.5%

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

Chad Rach


Start Date

Tenure

Tenure Rank

Oct 01, 2016

4.75

4.8%

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.

Courtney Wolf


Start Date

Tenure

Tenure Rank

Oct 01, 2020

0.75

0.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.27 7.11 0.66