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 F1 AFTFX
- NAV / 1-Day Return 12.25 / +0.01 %
- Total Assets 23.1 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.610%
- Distribution Fee Level Above Average
- Share Class Type No Load
- Category Muni National Interm
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 250
- Status Open
- TTM Yield 2.70%
- Effective Duration 5.98 years
USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0
Morningstar’s Analysis AFTFX
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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 2.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Bills 0% | 1.86 | 448.1 Mil | Government |
DETROIT MICH SEW DISP REV 4.171% | 0.33 | 78.3 Mil | municipal |
SOUTH CAROLINA ST PUB SVCS AUTH REV 4% | 0.30 | 71.8 Mil | municipal |
BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5% | 0.30 | 71.5 Mil | municipal |
BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4% | 0.29 | 70.6 Mil | municipal |
ARIZONA INDL DEV AUTH REV 3.625% | 0.28 | 67.9 Mil | municipal |
LANSING MICH BRD WTR & LT UTIL SYS REV 5% | 0.27 | 65.2 Mil | municipal |
LOS ANGELES CALIF 5% | 0.25 | 60.4 Mil | Cash and Equivalents |
NATIONAL FIN AUTH N H MUN CTFS 4.375% | 0.25 | 59.6 Mil | municipal |
NEW JERSEY ST HSG & MTG FIN AGY REV 5.5% | 0.24 | 57.5 Mil | municipal |