Skip to Content
Morningstar

American Funds Tax Exempt Bond F3 TFEBX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 12.25  /  +0.01 %
  • Total Assets 23.1 Bil
  • Adj. Expense Ratio
    0.240%
  • Expense Ratio 0.240%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.08%
  • Effective Duration 5.98 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis TFEBX

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

  • People Pillar

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

Manager Change at American Funds Tax-Exempt Bond, Ratings Unchanged

null Elizabeth Foos

Elizabeth Foos

Analyst Note

Capital Group veteran municipal manager Chad Rach will transition out of American Funds Tax-Exempt Bond on Oct. 1, 2023. The firm will publicly name Lee Chu as a portfolio manager at that time. Comanagers Courtney K. Wolf and Karl J. Zeile will remain on the strategy with Chu.

by Elizabeth Foos
Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings TFEBX

More TFEBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 2.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

1.86 448.1 Mil
Government

DETROIT MICH SEW DISP REV 4.171%

0.33 78.3 Mil
municipal

SOUTH CAROLINA ST PUB SVCS AUTH REV 4%

0.30 71.8 Mil
municipal

BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5%

0.30 71.5 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4%

0.29 70.6 Mil
municipal

ARIZONA INDL DEV AUTH REV 3.625%

0.28 67.9 Mil
municipal

LANSING MICH BRD WTR & LT UTIL SYS REV 5%

0.27 65.2 Mil
municipal

LOS ANGELES CALIF 5%

0.25 60.4 Mil
Cash and Equivalents

NATIONAL FIN AUTH N H MUN CTFS 4.375%

0.25 59.6 Mil
municipal

NEW JERSEY ST HSG & MTG FIN AGY REV 5.5%

0.24 57.5 Mil
municipal