American Funds Tax Exempt Bond Fund® Class A (AFTEX)

12.99
Net Asset Value
0.00%
1 Day
+5.01%
Year-to-Date
Overall Morningstar Rating
Muni national interm
Style or Category
3.75
Sales Expenses
0.55%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide with a high level of current income exempt from federal income tax, consistent with the preservation of capital. The fund invests at least 80% of its assets in, or derives at least 80% of its income from, securities that are exempt from regular federal income tax. It will not invest in securities that subject to federal alternative minimum tax. The fund invests substantially in debt securities rated A- or better and may also invest in debt securities rated BBB+ or below. It may invest significantly in municipal obligations of issuers in the same state, or engaged in the same type of projects or industries.

Performance

1 month+0.22% 3 years+5.37%
3 months+1.47% 5 years+5.21%
1 year+9.29% Since inception+6.78%
Data through --

Peer Comparisonvs. Muni national interm

 AFTEXCategory
Performance 5-yr return+5.21%+4.96%
Expense ratio0.55%0.83%
Risk 5 year sharpe ratio1.271.15
Net assets$9.3B$1.6B
Average market cap----
Average P/E----
Portfolio turnover16%16%

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Fund Management and Purchase Info

Fund familyAmerican Funds
Fund manager & tenureNeil Langberg / 34 Years
Minimal initial investment$250.00
Minimum IRA investment--

Holdings

Fixed income95.88%
Cash4.12%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Wisconsin St Gen Fd Annual App Genera 6%0.67%
-- Buckeye Ohio Tob Settlement Fi Toba 6.5%0.47%
-- Michigan Tob Settlement Fin Au Tobacc 6%0.38%
-- Buckeye Ohio Tob Settlement Fi To 5.875%0.35%
-- Illinois Fin Auth 6.875%0.34%
-- Illinois St Toll Hwy Auth 5%0.33%
-- Orlando & Orange Cnty Expwy Au Rev Re 5%0.32%
-- Tobacco Settlement Fing Corp N Asset 5%0.31%
-- Buckeye Ohio Tob Settlement Fi To 5.875%0.31%
-- Foothill / Eastern Transn Corr Ref Re 6%0.30%

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