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American Funds Tax Exempt Bond Fund (AFTEX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS8769021077
CUSIP876902107
IssuerAmerican Funds
Inception DateOct 2, 1979
CategoryMunicipal Bonds
Min. Investment$250
Asset ClassBond

Expense Ratio

AFTEX has a high expense ratio of 0.50%, indicating higher-than-average management fees.


Expense ratio chart for AFTEX: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


American Funds Tax Exempt Bond Fund

Popular comparisons: AFTEX vs. LTEBX, AFTEX vs. VOO, AFTEX vs. MMIBX, AFTEX vs. SGOV

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in American Funds Tax Exempt Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%15.00%2024FebruaryMarchAprilMayJune
1.20%
14.78%
AFTEX (American Funds Tax Exempt Bond Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

American Funds Tax Exempt Bond Fund had a return of 0.62% year-to-date (YTD) and 4.49% in the last 12 months. Over the past 10 years, American Funds Tax Exempt Bond Fund had an annualized return of 2.41%, while the S&P 500 had an annualized return of 10.85%, indicating that American Funds Tax Exempt Bond Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date0.62%15.04%
1 month0.65%3.47%
6 months1.20%15.07%
1 year4.49%24.43%
5 years (annualized)1.25%13.22%
10 years (annualized)2.41%10.85%

Monthly Returns

The table below presents the monthly returns of AFTEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.08%-0.02%0.08%-1.06%0.08%0.62%
20232.96%-2.15%1.79%-0.03%-0.67%0.81%0.23%-1.00%-2.59%-1.12%5.87%2.31%6.28%
2022-2.50%-0.46%-2.88%-2.89%1.24%-2.15%2.57%-2.29%-3.51%-1.06%4.72%-0.02%-9.15%
20210.84%-1.52%0.62%0.90%0.53%0.30%0.67%-0.35%-0.72%-0.21%0.82%0.16%2.03%
20201.71%1.45%-3.88%-2.16%3.01%1.33%1.69%-0.26%-0.12%-0.18%1.45%0.78%4.73%
20190.72%0.45%1.57%0.38%1.30%0.45%0.75%1.50%-0.69%0.06%0.20%0.29%7.20%
2018-1.05%-0.41%0.39%-0.31%1.03%0.08%0.16%0.16%-0.55%-0.62%0.88%1.04%0.78%
20170.35%0.63%0.27%0.66%1.36%-0.21%0.65%0.87%-0.29%0.25%-0.14%1.03%5.56%
20160.96%0.10%0.49%0.71%0.41%1.53%-0.04%0.18%-0.42%-0.87%-3.56%0.98%0.36%
20151.57%-0.80%0.27%-0.42%-0.26%-0.20%0.58%0.27%0.59%0.42%0.34%0.73%3.12%
20142.08%1.26%0.22%1.32%1.47%-0.10%0.21%1.21%0.20%0.66%0.20%0.58%9.69%
20130.58%0.43%-0.34%0.96%-1.01%-3.25%-0.98%-1.56%2.11%0.78%-0.18%-0.18%-2.72%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of AFTEX is 44, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of AFTEX is 4444
AFTEX (American Funds Tax Exempt Bond Fund)
The Sharpe Ratio Rank of AFTEX is 4949Sharpe Ratio Rank
The Sortino Ratio Rank of AFTEX is 5252Sortino Ratio Rank
The Omega Ratio Rank of AFTEX is 5656Omega Ratio Rank
The Calmar Ratio Rank of AFTEX is 2929Calmar Ratio Rank
The Martin Ratio Rank of AFTEX is 3434Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for American Funds Tax Exempt Bond Fund (AFTEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


AFTEX
Sharpe ratio
The chart of Sharpe ratio for AFTEX, currently valued at 1.21, compared to the broader market-1.000.001.002.003.004.001.21
Sortino ratio
The chart of Sortino ratio for AFTEX, currently valued at 1.87, compared to the broader market0.005.0010.001.87
Omega ratio
The chart of Omega ratio for AFTEX, currently valued at 1.25, compared to the broader market1.002.003.004.001.25
Calmar ratio
The chart of Calmar ratio for AFTEX, currently valued at 0.39, compared to the broader market0.005.0010.0015.000.39
Martin ratio
The chart of Martin ratio for AFTEX, currently valued at 2.50, compared to the broader market0.0020.0040.0060.0080.002.50
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.17, compared to the broader market-1.000.001.002.003.004.002.17
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.07, compared to the broader market0.005.0010.003.07
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.38, compared to the broader market1.002.003.004.001.38
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.73, compared to the broader market0.005.0010.0015.001.73
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.12, compared to the broader market0.0020.0040.0060.0080.008.12

Sharpe Ratio

The current American Funds Tax Exempt Bond Fund Sharpe ratio is 1.21. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of American Funds Tax Exempt Bond Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.002024FebruaryMarchAprilMayJune
1.21
2.10
AFTEX (American Funds Tax Exempt Bond Fund)
Benchmark (^GSPC)

Dividends

Dividend History

American Funds Tax Exempt Bond Fund granted a 2.63% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.33$0.31$0.28$0.33$0.33$0.35$0.37$0.40$0.40$0.42$0.44$0.44

Dividend yield

2.63%2.50%2.33%2.46%2.43%2.63%2.86%3.05%3.17%3.21%3.38%3.52%

Monthly Dividends

The table displays the monthly dividend distributions for American Funds Tax Exempt Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.03$0.03$0.03$0.03$0.03$0.00$0.15
2023$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.01$0.31
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.03$0.28
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.09$0.33
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.03$0.02$0.05$0.33
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.37
2017$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.40
2016$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.40
2015$0.04$0.03$0.04$0.04$0.04$0.03$0.04$0.04$0.04$0.04$0.03$0.04$0.42
2014$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.44
2013$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.44

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%2024FebruaryMarchAprilMayJune
-3.16%
0
AFTEX (American Funds Tax Exempt Bond Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the American Funds Tax Exempt Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the American Funds Tax Exempt Bond Fund was 14.37%, occurring on Oct 19, 1987. Recovery took 95 trading sessions.

The current American Funds Tax Exempt Bond Fund drawdown is 3.16%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-14.37%Mar 6, 1987162Oct 19, 198795Feb 29, 1988257
-13.92%Aug 4, 2021310Oct 25, 2022
-11.93%Jan 24, 2008226Dec 15, 2008165Aug 12, 2009391
-10.85%Mar 10, 20209Mar 20, 202097Aug 7, 2020106
-9.67%Feb 1, 1994210Nov 21, 199483Mar 16, 1995293

Volatility

Volatility Chart

The current American Funds Tax Exempt Bond Fund volatility is 1.11%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%2024FebruaryMarchAprilMayJune
1.11%
2.33%
AFTEX (American Funds Tax Exempt Bond Fund)
Benchmark (^GSPC)