Skip to Content

American Funds Tax-Exempt Bond F2 TEAFX

Analyst rating as of
NAV / 1-Day Return
13.66  /  0.08 %
Total Assets
26.2 Bil
Adj. Expense Ratio
0.340%
Expense Ratio
0.340%
Fee Level
Low
Longest Manager Tenure
17.38 years
Category
Muni National Interm
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
250
Status
Open
TTM Yield
2.32%
Effective Duration
6.00 years
Premium

Morningstar’s Analysis

Will TEAFX outperform in future?

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

American Funds Tax-Exempt Bond Fund of America Names Courtney Wolf as a Portfolio Manager

Senior Analyst

Analyst Note

| |

As of Oct. 1, 2020, Courtney Wolf became a named portfolio manager on American Funds Tax-Exempt Bond Fund of America. Wolf joined Capital Group in 2005 from Northwestern University. Among her positions at the firm, she served as a fixed-income investment analyst primarily covering municipal bonds in the airport and tobacco settlement sectors. She joins veteran managers Chad Rach and Karl J. Zeile on the strategy who have been managing this effort since 2016 and 2003, respectively. Her addition to the existing portfolio management team does not change the strategies' Morningstar Analyst Ratings.

Unlock our full analysis with Morningstar Premium

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.