American Funds Tax Exempt Bond Fund (AFTEX)
The fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax. It will not invest in securities that subject the investors to federal alternative minimum tax. It invests at least 65% in debt securities rated A- or better or A3 or better by Nationally Recognized Statistical Rating Organizations designated by the fund's investment adviser, or unrated but determined by the fund's investment adviser to be of equivalent quality.
Fund Info
| ISIN | US8769021077 |
|---|---|
| CUSIP | 876902107 |
| Issuer | American Funds |
| Inception Date | Oct 2, 1979 |
| Category | Municipal Bonds |
| Minimum Investment | $250 |
| Asset Class | Bond |
Expense Ratio
The American Funds Tax Exempt Bond Fund has a high expense ratio of 0.50%, indicating higher-than-average management fees.
Share Price Chart
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Performance
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.
Compare to other instruments
Return
American Funds Tax Exempt Bond Fund had a return of 1.35% year-to-date (YTD) and -0.30% in the last 12 months. Over the past 10 years, American Funds Tax Exempt Bond Fund had an annualized return of 2.06%, while the S&P 500 had an annualized return of 9.95%, indicating that American Funds Tax Exempt Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -1.14% | 0.86% |
| Year-To-Date | 1.35% | 9.53% |
| 6 months | 1.62% | 6.26% |
| 1 year | -0.30% | 1.14% |
| 5 years (annualized) | 1.20% | 9.25% |
| 10 years (annualized) | 2.06% | 9.95% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2.96% | -2.15% | 1.79% | -0.03% | ||||||||
| 2022 | -1.06% | 4.72% | -0.02% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax Exempt Bond Fund (AFTEX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AFTEX American Funds Tax Exempt Bond Fund | 0.02 | ||||
^GSPC S&P 500 | 0.17 |
Dividend History
American Funds Tax Exempt Bond Fund granted a 3.36% dividend yield in the last twelve months. The annual payout for that period amounted to $0.41 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.28 | $0.26 | $0.33 | $0.35 | $0.37 | $0.40 | $0.40 | $0.42 | $0.44 | $0.44 | $0.46 |
Dividend yield | 3.36% | 2.35% | 2.01% | 2.55% | 2.84% | 3.19% | 3.48% | 3.73% | 3.89% | 4.23% | 4.57% | 4.73% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | ||||||||
| 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 | $0.02 |
| 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 | $0.04 | $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 |
| 2012 | $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 Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the American Funds Tax Exempt Bond Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the American Funds Tax Exempt Bond Fund is 14.37%, recorded on Oct 19, 1987. It took 95 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.37% | Mar 6, 1987 | 162 | Oct 19, 1987 | 95 | Feb 29, 1988 | 257 |
| -14.36% | Aug 4, 2021 | 310 | Oct 25, 2022 | — | — | — |
| -11.93% | Jan 24, 2008 | 226 | Dec 15, 2008 | 165 | Aug 12, 2009 | 391 |
| -10.85% | Mar 10, 2020 | 9 | Mar 20, 2020 | 97 | Aug 7, 2020 | 106 |
| -9.68% | Feb 1, 1994 | 210 | Nov 21, 1994 | 83 | Mar 16, 1995 | 293 |
Volatility Chart
The current American Funds Tax Exempt Bond Fund volatility is 1.10%, 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.