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American Funds Tax-Exempt Bond F2 TEAFX

Analyst rating as of
NAV / 1-Day Return
12.12  /  0.09 %
Total Assets
21.6 Bil
Adj. Expense Ratio
0.320%
Expense Ratio
0.320%
Fee Level
Low
Longest Manager Tenure
18.93 years
Category
Muni National Interm
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
250
Status
Open
TTM Yield
2.45%
Effective Duration
6.79 years

Morningstar’s Fund Analysis TEAFX

Will TEAFX outperform in future?

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

A solid choice.

Associate Director

Summary

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The experienced managers charged with running American Funds Tax-Exempt Bond are supported by a solid analyst team that follows a prudent, research-based approach to build this portfolio. They collaborate well within the muni group and across the broader fixed-income team and display strong and efficient communication and organized succession planning, which earns an upgrade to a High People Pillar rating. The strategy's cheapest share classes now carry Morningstar Analyst Ratings of Gold and Silver, while its more-expensive shares earn a Bronze or Neutral rating.

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