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Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

TAX EXEMPT BOND FUND OF AMERICA

TEBCX | Fund

$12.36

$24.4 B

2.09%

$0.26

1.29%

Vitals

YTD Return

1.1%

1 yr return

1.2%

3 Yr Avg Return

-1.5%

5 Yr Avg Return

0.1%

Net Assets

$24.4 B

Holdings in Top 10

4.0%

52 WEEK LOW AND HIGH

$12.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.29%

SALES FEES

Front Load N/A

Deferred Load 1.00%

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

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

TAX EXEMPT BOND FUND OF AMERICA

TEBCX | Fund

$12.36

$24.4 B

2.09%

$0.26

1.29%

TEBCX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.33%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    TAX EXEMPT BOND FUND OF AMERICA
  • Fund Family Name
    Capital Group Fund Group
  • Inception Date
    May 11, 2012
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Karl Zeile

Fund Description

Under normal circumstances, 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. The fund will not invest in “private activity bonds” whose interest is generally subject to the federal alternative minimum tax. The fund 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. The fund may also invest in debt securities rated BBB+ or below and Baa1 or below (including those rated BB+ or below and Ba1 or below) 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. Securities rated BB+ or below and Ba1 or below are sometimes referred to as “junk bonds.”

The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.

The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

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TEBCX - Performance

Return Ranking - Trailing

Period TEBCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -7.3% 36.6% 71.59%
1 Yr 1.2% -7.4% 36.7% 72.26%
3 Yr -1.5%* -11.8% 4.9% 75.48%
5 Yr 0.1%* -7.4% 1103.2% 77.65%
10 Yr 1.3%* -1.1% 248.8% 61.97%

* Annualized

Return Ranking - Calendar

Period TEBCX Return Category Return Low Category Return High Rank in Category (%)
2023 3.6% -1.4% 41.0% 20.34%
2022 -11.2% -39.7% 0.3% 45.46%
2021 -0.4% -5.6% 6.9% 48.32%
2020 2.2% -2.6% 310.0% 28.50%
2019 4.4% 0.0% 26.0% 28.94%

Total Return Ranking - Trailing

Period TEBCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -7.3% 36.6% 71.59%
1 Yr 1.2% -7.4% 36.7% 72.26%
3 Yr -1.5%* -11.8% 4.9% 75.48%
5 Yr 0.1%* -7.4% 1103.2% 77.65%
10 Yr 1.3%* -1.1% 248.8% 61.97%

* Annualized

Total Return Ranking - Calendar

Period TEBCX Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% -1.3% 41.0% 51.58%
2022 -9.8% -39.7% 1.1% 55.22%
2021 1.0% -4.8% 23761504.0% 64.19%
2020 3.8% -1.5% 17057.9% 48.46%
2019 6.6% 0.2% 3514.6% 49.10%

NAV & Total Return History

TEBCX - Holdings

Concentration Analysis

TEBCX Category Low Category High TEBCX % Rank
Net Assets 24.4 B 3.22 M 71.9 B 0.74%
Number of Holdings 5207 4 13418 0.81%
Net Assets in Top 10 929 M -317 M 3.09 B 1.68%
Weighting of Top 10 3.97% 1.8% 100.3% 99.40%

Top 10 Holdings

  1. UNITED STATES TREASURY BILL 0.0% 09-10-24 1.27%
  2. GREAT LAKES WATER AUTHORITY SEWAGE DISPOSAL SYSTEM REVENUE AGM FRN 07-01-32 0.34%
  3. ENERGY SOUTHEAST A COOPERATIVE DISTRICT (MPT) 5.25% 07-01-54 0.33%
  4. KENTUCKY PUBLIC ENERGY AUTHORITY (MPT) 5.0% 01-01-55 0.31%
  5. SOUTH CAROLINA PUBLIC SERVICE AUTHORITY 4.0% 12-01-47 0.31%
  6. BROOKLYN EVENTS CENTER LLC 5.0% 07-15-42 0.31%
  7. BLACK BELT ENERGY GAS DISTRICT (MPT) 4.0% 06-01-51 0.30%
  8. ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 3.625% 05-20-33 0.29%
  9. NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY 4.125% 01-20-34 0.27%
  10. NEW JERSEY HOUSING MORTGAGE FINANCE AGENCY 5.5% 04-01-53 0.24%

Asset Allocation

Weighting Return Low Return High TEBCX % Rank
Bonds 		100.04% 0.00% 150.86% 21.54%
Other 		0.00% -3.69% 53.54% 11.69%
Stocks 		0.00% 0.00% 99.77% 78.46%
Preferred Stocks 		0.00% 0.00% 0.07% 76.56%
Convertible Bonds 		0.00% 0.00% 0.93% 76.13%
Cash 		0.00% -50.86% 44.62% 95.16%

Bond Sector Breakdown

Weighting Return Low Return High TEBCX % Rank
Municipal 		97.54% 44.39% 100.00% 60.69%
Derivative 		0.00% -3.69% 53.54% 8.73%
Cash & Equivalents 		0.00% 0.00% 44.41% 89.59%
Securitized 		0.00% 0.00% 5.93% 76.13%
Corporate 		0.00% 0.00% 9.41% 80.92%
Government 		0.00% 0.00% 52.02% 78.42%

Bond Geographic Breakdown

Weighting Return Low Return High TEBCX % Rank
US 		100.04% 0.00% 142.23% 20.69%
Non US 		0.00% 0.00% 23.89% 78.51%

TEBCX - Expenses

Operational Fees

TEBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.29% 0.01% 8.02% 22.45%
Management Fee 0.21% 0.00% 1.20% 7.05%
12b-1 Fee 1.00% 0.00% 1.00% 94.72%
Administrative Fee 0.05% 0.01% 0.44% 17.81%

Sales Fees

TEBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load 1.00% 0.25% 5.00% 77.27%

Trading Fees

TEBCX 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.

TEBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 0.00% 283.00% 62.15%

TEBCX - Distributions

Dividend Yield Analysis

TEBCX Category Low Category High TEBCX % Rank
Dividend Yield 2.09% 0.00% 14.51% 88.66%

Dividend Distribution Analysis

TEBCX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

TEBCX Category Low Category High TEBCX % Rank
Net Income Ratio 1.33% -0.53% 5.33% 78.52%

Capital Gain Distribution Analysis

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

Distributions History

View More +

TEBCX - 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 7.36 1.58

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