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American Funds Tax-Exempt Bond C TEBCX

Analyst rating as of
  • NAV / 1-Day Return 12.37  /  0.00 %
  • Total Assets 21.9 Bil
  • Adj. Expense Ratio
    1.250%
  • Expense Ratio 1.250%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 1.56%
  • Effective Duration 6.98 years

Morningstar’s Analysis TEBCX

Will TEBCX 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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