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AFTFX American Funds Tax-Exempt Bond F1

  • Fund
  • AFTFX
  • Price as of: May 20, 2019
  • $13.15 - $0.00 - 0.00%
  • Category
  • Single State Municipal Bonds

AFTFX - Profile

Vitals

  • YTD Return 3.0%
  • 3 Yr Annualized Return -0.4%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $19.8 B
  • Holdings in Top 10 2.6%

52 WEEK LOW AND HIGH

$13.15
$12.55
$13.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

  • Front Load N/A
  • 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

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.80%
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 Mar 15, 2001
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Neil L. Langberg

Fund Description

The fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax. It will not invest in securities that subject the investors to federal alternative minimum tax. It invests at least 65% in debt securities rated A- or better or A3 or better by Nationally Recognized Statistical Rating Organizations designated by the fund's investment adviser, or unrated but determined by the fund's investment adviser to be of equivalent quality.

AFTFX - Performance

Return Ranking - Trailing

Period AFTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -3.1% 6.8% 32.20%
1 Yr 3.1% -4.5% 9.0% 22.45%
3 Yr -0.4%* -2.9% 3.7% 15.80%
5 Yr 0.3%* -2.0% 1.6% 19.53%
10 Yr 1.2%* -1.2% 4.3% 13.28%

* Annualized


Return Ranking - Calendar

Period AFTFX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -7.2% 11.0% 39.77%
2017 2.4% -10.1% 6.8% 16.05%
2016 -2.7% -4.9% 0.0% 38.22%
2015 -0.2% -5.6% 1.8% 41.78%
2014 6.0% -34.8% 15.6% 45.23%

Total Return Ranking - Trailing

Period AFTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -3.1% 6.8% 33.71%
1 Yr 3.1% -4.5% 9.0% 25.35%
3 Yr -0.4%* -2.9% 3.7% 20.64%
5 Yr 0.3%* -1.4% 4.2% 23.57%
10 Yr 1.2%* -1.1% 5.5% 16.97%

* Annualized


Total Return Ranking - Calendar

Period AFTFX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -7.2% 11.0% 42.93%
2017 2.4% -10.1% 6.9% 21.02%
2016 -2.7% -4.9% 1.0% 43.06%
2015 -0.2% -5.6% 4.0% 47.26%
2014 6.0% -34.8% 16.3% 47.25%

NAV & Total Return History

AFTFX - Holdings

Concentration Analysis

AFTFX Category Low Category High AFTFX % Rank
Net Assets 19.8 B 6.28 M 19.8 B 0.13%
Number of Holdings 4231 23 4231 0.13%
Net Assets in Top 10 514 M -4.71 M 2.82 B 2.14%
Weighting of Top 10 2.55% 2.5% 59.3% 99.87%

Top 10 Holdings

  1. LONG ISLAND PWR AUTH N Y ELEC SYS REV 2.49% 0.31%

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

  3. WISCONSIN ST GEN FD ANNUAL APPROPRIATION REV 6% 0.27%

  4. UNIVERSITY N C CHAPEL HILL REV 2.07% 0.26%

  5. UNIVERSITY KANS HOSP AUTH HEALTH FACS REV 5% 0.25%

  6. NORTH TEX TWY AUTH REV 5% 0.25%

  7. WASHINGTON ST HEALTH CARE FACS AUTH REV 2.5% 0.25%

  8. MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 1.52% 0.23%

  9. NEW JERSEY ST HSG & MTG FIN AGY REV 4.5% 0.23%

  10. NEWPORT NEWS VA INDL DEV AUTH HEALTH SYS REV 5.33% 0.22%


Asset Allocation

Weighting Return Low Return High AFTFX % Rank
Bonds
97.86% -0.21% 102.82% 74.21%
Cash
2.14% -2.82% 93.39% 24.78%
Stocks
0.00% 0.00% 0.31% 53.21%
Preferred Stocks
0.00% 0.00% 0.00% 52.33%
Other
0.00% -1.80% 8.92% 59.25%
Convertible Bonds
0.00% 0.00% 0.00% 52.33%

Bond Sector Breakdown

Weighting Return Low Return High AFTFX % Rank
Municipal
97.86% 0.00% 102.82% 76.10%
Cash & Equivalents
2.14% -2.82% 93.39% 24.78%
Derivative
0.00% 0.00% 0.00% 52.33%
Securitized
0.00% 0.00% 0.00% 52.33%
Corporate
0.00% 0.00% 13.08% 56.86%
Government
0.00% -17.97% 1.02% 49.43%

Bond Geographic Breakdown

Weighting Return Low Return High AFTFX % Rank
US
97.10% -0.21% 102.38% 54.09%
Non US
0.76% 0.00% 21.15% 56.10%

AFTFX - Expenses

Operational Fees

AFTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.09% 2.58% 79.37%
Management Fee 0.21% 0.08% 1.30% 1.89%
12b-1 Fee 0.25% 0.00% 1.00% 46.46%
Administrative Fee 0.05% 0.00% 0.33% 8.08%

Sales Fees

AFTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

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

AFTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 3.32% 293.00% 52.74%

AFTFX - Distributions

Dividend Yield Analysis

AFTFX Category Low Category High AFTFX % Rank
Dividend Yield 0.02% 0.00% 1.04% 55.09%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AFTFX Category Low Category High AFTFX % Rank
Net Income Ratio 2.80% -0.21% 4.62% 47.55%

Capital Gain Distribution Analysis

AFTFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

AFTFX - Managers

Neil L. Langberg

Manager

Start Date

Tenure

Tenure Rank

Oct 03, 1979

39.6

39.6%

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

15.34

15.3%

Zeile has been employed by Capital and its affiliates since 1999


Chad M. Rach

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2016

2.58

2.6%

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

39.6

Category Average

9.09

Category Mode

1.33