Morningstar

American Funds Tax-Exempt Preservation Portfolio Class A TEPAX

Morningstar Medalist Rating
Medalist Rating as of | See Capital Group Investment Hub
  • NAV / 1-Day Return 9.74  /  0.00
  • Total Assets 394.6M
  • Adj. Expense Ratio
    0.590%
  • Expense Ratio 0.340%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.59%
  • Effective Duration 3.25 years

USD | NAV as of Jul 16, 2026 | 1-Day Return as of Jul 16, 2026, 12:11 AM GMT+0

Morningstar’s Analysis TEPAX

Will TEPAX 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 TEPAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TEPAX 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 TEPAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A standout for tax-conscious investors.

Analyst Stephen Margaria

Stephen Margaria

Analyst

Summary

American Funds Tax-Aware Preservation and Income series’ strong management team and thoughtful, research-based approach help it stand out among peers. It remains a great choice for tax-conscious investors. The series’ three portfolios are available as model portfolios and separate accounts, with the Tax-Exempt Preservation portfolio also offered as a mutual fund.

by Stephen Margaria
Rated on Published on

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Portfolio Holdings TEPAX

More TEPAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

American Funds Limited Term Tx-Ex Bd R-6

40.06 160M
—

Capital Group Short Dur Muncpl Inc ETF

29.93 119M
—

Amer Fds Short-Term Tax Exempt Bd

29.52 118M
—

Capital Group Central Cash Fund

0.58 2M
Cash and Equivalents

Cash And Other Assets Less Liablities

−0.09 −363,840
Cash and Equivalents

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