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.
American Funds Tax-Exempt Bond C TEBCX
NAV / 1-Day Return
13.66
/
0.00
%
Total Assets
25.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.270%
Expense Ratio
1.270%
Fee Level
Low
Longest Manager Tenure
17.30
years
Category
Muni National Interm
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
250
Status
Open
TTM Yield
1.44%
Effective Duration
6.00
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will TEBCX outperform in 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 TEBCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TEBCX 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 TEBCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
American Funds Tax-Exempt Bond Fund of America Names Courtney Wolf as a Portfolio Manager
