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

Net Asset Value
1 Day
Overall Morningstar Rating
Muni national interm
Style or Category
Sales Expenses
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 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.


1 month+1.66% 3 years+4.82%
3 months+1.97% 5 years+5.66%
1 year+8.70% Since inception+6.77%
Data through --

Peer Comparisonvs. Muni national interm

Performance 5-yr return+5.66%+4.25%
Expense ratio0.56%0.84%
Risk 5 year sharpe ratio1.341.16
Net assets$9.7B$1.7B
Average market cap--$12.1B
Average P/E--16.9
Portfolio turnover10%10%

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Fund Management and Purchase Info

Fund familyAmerican Funds
Fund manager & tenureNeil Langberg / 35 Years
Minimal initial investment$250.00
Minimum IRA investment--


Fixed income92.78%
U.S. stock0.00%
International stock0.00%
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%0.64%
-- Buckeye Ohio Tob Settlement Fi Toba 6.5%0.46%
-- Illinois St Toll Hwy Auth 5%0.40%
-- Michigan Tob Settlement Fin Au Tobacc 6%0.37%
-- Grand Parkway Transn Corp Tex Toll 5%0.35%
-- Tobacco Settlement Fing Corp N Asset 5%0.34%
-- Illinois Fin Auth 6.875%0.33%
-- Orlando & Orange Cnty Expwy Au Rev Re 5%0.32%
-- Colorado Health Facs Auth 5%0.31%
-- South Carolina St Pub Svcs Aut Santee 5%0.29%

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