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Morningstar

American Funds Tax-Exempt Bond F2 TEAFX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 12.31  /  −0.15 %
  • Total Assets 23.3 Bil
  • Adj. Expense Ratio
    0.350%
  • Expense Ratio 0.350%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 3.04%
  • Effective Duration 5.98 years

USD | NAV as of May 21, 2024 | 1-Day Return as of May 21, 2024, 9:54 PM GMT+0

Morningstar’s Analysis TEAFX

Will TEAFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TEAFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TEAFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TEAFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A standout.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

With its skilled investors, American Funds Tax-Exempt Bond’s collaborative and robust approach merits a Process rating upgrade to High from Above Average.

by Elizabeth Foos
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings TEAFX

More TEAFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 2.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

1.86 447.9 Mil
Government

Cash And Other Assets Less Liablities

0.49 116.9 Mil
Cash and Equivalents

DETROIT MICH SEW DISP REV 4.171%

0.32 78.1 Mil
municipal

BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5%

0.30 71.9 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4%

0.30 71.5 Mil
municipal

SOUTH CAROLINA ST PUB SVCS AUTH REV 4%

0.29 69.7 Mil
municipal

ARIZONA INDL DEV AUTH REV 3.625%

0.28 68.1 Mil
municipal

LANSING MICH BRD WTR & LT UTIL SYS REV 5%

0.27 65.1 Mil
municipal

LOS ANGELES CALIF 5%

0.25 60.2 Mil
Cash and Equivalents

NATIONAL FIN AUTH N H MUN CTFS 4.375%

0.25 59.3 Mil
municipal