Capital Group veteran municipal manager Chad Rach will transition out of American Funds Tax-Exempt Bond on Oct. 1, 2023. The firm will publicly name Lee Chu as a portfolio manager at that time. Comanagers Courtney K. Wolf and Karl J. Zeile will remain on the strategy with Chu.
American Funds Tax-Exempt Bond A AFTEX
- NAV / 1-Day Return 12.38 / +0.11 %
- Total Assets 23.3 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.530%
- Distribution Fee Level Low
- Share Class Type Front Load
- Category Muni National Interm
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 250
- Status Open
- TTM Yield 2.79%
- Effective Duration 6.02 years
USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 10:00 PM GMT+0
Morningstar’s Analysis AFTEX
Will AFTEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 2.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Bills 0% | 1.50 | 349.6 Mil | Government |
Cash And Other Assets Less Liablities | 0.91 | 211.8 Mil | Cash and Equivalents |
DETROIT MICH SEW DISP REV 4.39% | 0.33 | 77.7 Mil | municipal |
SOUTH CAROLINA ST PUB SVCS AUTH REV 4% | 0.31 | 73.0 Mil | municipal |
BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4% | 0.31 | 71.4 Mil | municipal |
BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5% | 0.31 | 71.0 Mil | municipal |
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | 0.30 | 69.3 Mil | municipal |
ARIZONA INDL DEV AUTH REV 3.625% | 0.29 | 67.8 Mil | municipal |
NATIONAL FIN AUTH N H MUN CTFS 4.375% | 0.26 | 61.3 Mil | municipal |
LOS ANGELES CALIF 5% | 0.26 | 60.6 Mil | municipal |