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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

The American Funds Tax Exempt Bond Fund has a high expense ratio of 0.50%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.50%

Share Price Chart


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Compare to other instruments

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American Funds Tax Exempt Bond Fund

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

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.


1,000.00%1,500.00%2,000.00%2,500.00%3,000.00%OctoberNovemberDecember2024FebruaryMarch
707.18%
3,013.35%
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 -0.34% year-to-date (YTD) and 3.75% in the last 12 months. Over the past 10 years, American Funds Tax Exempt Bond Fund had an annualized return of 2.56%, while the S&P 500 had an annualized return of 10.96%, indicating that American Funds Tax Exempt Bond Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-0.34%10.04%
1 month0.06%3.53%
6 months6.54%22.79%
1 year3.75%32.16%
5 years (annualized)1.41%13.15%
10 years (annualized)2.56%10.96%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2024-0.08%-0.02%
2023-1.00%-2.59%-1.12%5.87%2.30%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents risk-adjusted performance metrics for American Funds Tax Exempt Bond Fund (AFTEX) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AFTEX
American Funds Tax Exempt Bond Fund
0.97
^GSPC
S&P 500
2.76

Sharpe Ratio

The current American Funds Tax Exempt Bond Fund Sharpe ratio is 0.97. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
0.97
2.76
AFTEX (American Funds Tax Exempt Bond Fund)
Benchmark (^GSPC)

Dividends

Dividend History

American Funds Tax Exempt Bond Fund granted a 2.57% dividend yield in the last twelve months. The annual payout for that period amounted to $0.32 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.32$0.31$0.28$0.33$0.33$0.35$0.37$0.40$0.40$0.42$0.44$0.44

Dividend yield

2.57%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.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.03$0.03
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
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
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
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
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
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
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
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
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
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
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

Drawdowns

Drawdowns Chart

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


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-4.09%
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 4.09%.


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
-9.68%Feb 1, 1994210Nov 21, 199483Mar 16, 1995293

Volatility

Volatility Chart

The current American Funds Tax Exempt Bond Fund volatility is 0.54%, 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.


1.00%2.00%3.00%4.00%5.00%OctoberNovemberDecember2024FebruaryMarch
0.54%
2.82%
AFTEX (American Funds Tax Exempt Bond Fund)
Benchmark (^GSPC)