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Trending ETFs

American Funds Tax Exempt Bond Fund®

mutual fund
AFTEX
Dividend policy
Suspended
Price as of:
$13.6 +0.0 +0%
primary theme
Municipal Bond
share class
A (AFTEX) Primary Other (AFTFX) C (TEBCX) Other (TEAFX) Inst (TFEBX)
AFTEX (Mutual Fund)

American Funds Tax Exempt Bond Fund®

Dividend policy
Suspended
Price as of:
$13.6 +0.0 +0%
primary theme
Municipal Bond
share class
A (AFTEX) Primary Other (AFTFX) C (TEBCX) Other (TEAFX) Inst (TFEBX)
AFTEX (Mutual Fund)
American Funds Tax Exempt Bond Fund®
Dividend policy
Suspended
Price as of:
$13.6 +0.0 +0%
primary theme
Municipal Bond
share class
A (AFTEX) Primary Other (AFTFX) C (TEBCX) Other (TEAFX) Inst (TFEBX)

AFTEX - Snapshot

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $25.5 B
  • Holdings in Top 10 2.6%

52 WEEK LOW AND HIGH

$13.60
$12.83
$13.75

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 Municipal Bond
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Compare AFTEX to Popular Municipal Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

Vanguard Intermediate-Term Tax-Exempt Fund

Fund

$14.78

0.00%

$83.62 B

-

$0.00

blocked
blocked
blocked

-0.54%

0.17%

Vanguard Limited Term Tax Exempt Fund

Fund

$11.24

+0.09%

$35.51 B

-

$0.00

blocked
blocked
blocked

-0.18%

0.17%

American Funds Tax Exempt Bond Fund®

Fund

$13.60

0.00%

$25.53 B

-

$0.00

blocked
blocked
blocked

-0.15%

0.52%

Vanguard Short Term Tax Exempt Fund

Fund

$15.94

0.00%

$22.11 B

-

$0.00

blocked
blocked
blocked

-0.06%

0.17%

Vanguard California Intermediate Term Tax Exempt Fund

Fund

$12.27

+0.08%

$18.39 B

-

$0.00

blocked
blocked
blocked

-0.73%

0.17%

Compare AFTEX to Popular Municipal Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

Vanguard Tax-Exempt Bond Index Fund

VTEB | ETF

$54.82

+0.07%

$12.31 B

1.91%

$1.05

blocked
blocked
blocked

-0.65%

0.06%

SPDR® Nuveen Bloomberg Barclays Short Term Municipal Bond ETF

SHM | ETF

$49.59

-0.02%

$4.62 B

1.07%

$0.53

blocked
blocked
blocked

-0.40%

0.20%

SPDR® Nuveen Bloomberg Barclays Municipal Bond ETF

TFI | ETF

$51.81

0.00%

$3.50 B

1.89%

$0.98

blocked
blocked
blocked

-1.24%

0.30%

First Trust Managed Municipal ETF

FMB | ETF

$56.72

+0.11%

$1.99 B

2.15%

$1.22

blocked
blocked
blocked

0.11%

0.65%

VanEck Vectors Intermediate Muni ETF

ITM | ETF

-

-

$1.77 B

-

$0.00

blocked
blocked
blocked

-1.17%

0.24%

AFTEX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 2.6%
  • 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 -0.1% -2.2% 4.7% 34.68%
1 Yr 5.5% -1.3% 19.0% 40.38%
3 Yr 4.5%* 0.3% 9.0% 28.66%
5 Yr 3.3%* -0.4% 7.6% 25.43%
10 Yr 4.7%* -0.1% 10.3% 25.92%

* Annualized

Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2020 2.2% -2.8% 310.0% 27.44%
2019 4.4% -0.3% 15.4% 28.64%
2018 -2.1% -10.3% 97.2% 46.80%
2017 2.4% -100.0% 7.6% 25.49%
2016 -2.7% -7.9% 96.8% 44.15%

Total Return Ranking - Trailing

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -2.2% 4.7% 34.68%
1 Yr 1.5% -4.3% 19.0% 81.62%
3 Yr 3.2%* -1.6% 9.0% 66.33%
5 Yr 2.6%* -1.6% 7.6% 50.45%
10 Yr 4.3%* -0.1% 10.3% 33.42%

* Annualized

Total Return Ranking - Calendar

Period AFTEX Return Category Return Low Category Return High Rank in Category (%)
2020 2.2% -2.8% 310.0% 27.44%
2019 4.4% -0.3% 15.4% 29.18%
2018 -2.1% -10.3% 11.0% 48.91%
2017 2.4% -100.0% 7.6% 30.45%
2016 -2.7% -7.9% 3.0% 48.51%

NAV & Total Return History

AFTEX - Holdings

Concentration Analysis

AFTEX Category Low Category High AFTEX % Rank
Net Assets 25.5 B 957 K 83.6 B 0.45%
Number of Holdings 4906 3 11152 0.74%
Net Assets in Top 10 658 M -192 M 4.1 B 3.35%
Weighting of Top 10 2.62% 2.4% 100.0% 99.66%

Top 10 Holdings

  1. MUNICIPAL ELEC AUTH GA 5% 0.34%
  2. TEXAS ST 4% 0.32%
  3. NATIONAL FIN AUTH N H MUN CTFS 4.12% 0.29%
  4. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4% 0.29%
  5. MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV 5.5% 0.29%
  6. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 0.27%
  7. BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5% 0.26%
  8. LONG ISLAND PWR AUTH N Y ELEC SYS REV 0.87% 0.25%
  9. TEXAS ST 4% 0.25%
  10. CALIFORNIA HEALTH FACS FING AUTH REV 5% 0.23%

Asset Allocation

Weighting Return Low Return High AFTEX % Rank
Bonds 		98.36% 49.32% 147.73% 52.64%
Cash 		1.64% -47.72% 50.68% 45.74%
Stocks 		0.00% 0.00% 2.34% 79.18%
Preferred Stocks 		0.00% -0.93% 0.17% 78.38%
Other 		0.00% -13.58% 13.72% 78.66%
Convertible Bonds 		0.00% -0.42% 1.33% 78.43%

Bond Sector Breakdown

Weighting Return Low Return High AFTEX % Rank
Municipal 		98.36% 47.54% 100.00% 51.99%
Cash & Equivalents 		1.64% 0.00% 50.68% 46.54%
Derivative 		0.00% 0.00% 0.85% 78.55%
Securitized 		0.00% 0.00% 6.51% 79.28%
Corporate 		0.00% 0.00% 15.75% 84.17%
Government 		0.00% 0.00% 50.11% 79.91%

Bond Geographic Breakdown

Weighting Return Low Return High AFTEX % Rank
US 		97.75% 49.32% 141.36% 35.13%
Non US 		0.61% 0.00% 24.81% 60.56%

AFTEX - Expenses

Operational Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.01% 16.95% 82.50%
Management Fee 0.19% 0.00% 1.10% 5.09%
12b-1 Fee 0.25% 0.00% 1.00% 55.07%
Administrative Fee 0.01% 0.01% 0.47% 1.68%

Sales Fees

AFTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 57.11%
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% 59.82%

AFTEX - Distributions

Dividend Yield Analysis

AFTEX Category Low Category High AFTEX % Rank
Dividend Yield 0.00% 0.00% 1.81% 80.60%

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% 5.71% 43.66%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

AFTEX - Fund Manager Analysis

Managers

Karl Zeile

Start Date

Tenure

Tenure Rank

Dec 30, 2003

17.26

17.3%

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

Chad Rach

Start Date

Tenure

Tenure Rank

Oct 01, 2016

4.5

4.5%

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

0.5

0.5%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.02 6.99 0.41

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