Morningstar

American Funds Tax-Exempt Bond Fund® Class F-2 TEAFX

Morningstar Medalist Rating
Medalist Rating as of | See Capital Group Investment Hub
  • NAV / 1-Day Return 12.47  /  0.00
  • Total Assets 25.0B
  • Adj. Expense Ratio
    0.380%
  • Expense Ratio 0.360%
  • 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 3.18%
  • Effective Duration 6.67 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis TEAFX

Will TEAFX outperform in the 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.

The topnotch intermediate muni option.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

American Funds Tax-Exempt Bond’s multimanager structure and deep municipal research bench support a valuation-driven approach that has consistently rewarded investors over the long term.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings TEAFX

More TEAFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO COMWLTH 0%

0.65 162M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25%

0.38 94M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.36 91M
municipal

NEW YORK N Y 2.9%

0.36 89M
municipal

PUERTO RICO COMWLTH 0%

0.34 86M
municipal

DETROIT MICH SEW DISP REV 3.248%

0.33 82M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.32 81M
municipal

MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV 5%

0.32 80M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.30 74M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.28 71M
municipal

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