AFTEX Alternatives & Similar Mutual Funds

American Funds Tax Exempt Bond Fund (AFTEX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AFTEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to AFTEX

AFTEX charges 0.50% annually. There are 153 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	AFTEX vs LSMSX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	AFTEX vs VTMFX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	AFTEX vs FHMIX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	AFTEX vs NMTRX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	AFTEX vs FSMUX

Best Risk-Adjusted Alternatives to AFTEX

AFTEX has a PortfoliosLab risk / return rank of 69. There are 307 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	AFTEX vs DFABX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	AFTEX vs ATOIX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	AFTEX vs DNYMX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	AFTEX vs DFCMX
DFSMX	DFA Short Term Municipal Bond Portfolio	99	—	Aug 2002	AFTEX vs DFSMX

Top Performing AFTEX Alternatives (YTD)

AFTEX is at 1.58% YTD. There are 231 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 12.91%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	12.91%	—	Apr 1998	AFTEX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	9.28%	—	Nov 2002	AFTEX vs NRK
AFB	AllianceBernstein National Municipal Income Fund	7.81%	—	Nov 2001	AFTEX vs AFB
NPV	Nuveen Virginia Quality Municipal Income Fund	6.99%	—	Mar 1993	AFTEX vs NPV
MIY	BlackRock MuniYield Michigan Quality Fund	5.87%	—	Oct 1992	AFTEX vs MIY

Lowest Volatility Alternatives to AFTEX

AFTEX has 2.60% 1-year volatility. There are 230 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	AFTEX vs DFABX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	AFTEX vs USMSX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	AFTEX vs DFCMX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.60%	—	May 2016	AFTEX vs USMTX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.61%	—	Aug 2002	AFTEX vs DFSMX

Lowest Drawdown Alternatives to AFTEX

AFTEX has a 1-year max drawdown of -2.76%. There are 223 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	AFTEX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	AFTEX vs ATOIX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	AFTEX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	AFTEX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	AFTEX vs TFCYX

Other Mutual Funds from American Funds

The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, AWSHX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	74	8.29%	—	Jul 1975	AFTEX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	38	7.66%	—	Jan 1934	AFTEX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	34	5.17%	—	Jul 1952	AFTEX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	23	6.52%	—	Dec 1973	AFTEX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	38	10.30%	—	May 2009	AFTEX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	56	12.28%	—	Aug 1978	AFTEX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	21	4.43%	—	Mar 1973	AFTEX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	23	6.45%	—	Dec 1973	AFTEX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	47	5.75%	—	Dec 1973	AFTEX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	17	2.91%	—	Jan 1967	AFTEX vs AMCPX

Often Compared With AFTEX

Investors most often compare AFTEX with AMHIX, LTEBX, ASTEX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	78	2.43%	—	Sep 1994	AFTEX vs AMHIX
LTEBX	American Funds Limited Term Tax-Exempt Bond Fund	Municipal Bonds	65	0.80%	—	Oct 1993	AFTEX vs LTEBX
ASTEX	American Funds Short-Term Tax Exempt Bond Fund	Municipal Bonds	77	0.90%	—	Aug 2009	AFTEX vs ASTEX
VKMMX	Invesco Municipal Income Fund	Municipal Bonds	62	2.38%	—	Jul 1990	AFTEX vs VKMMX
MMIBX	MFS Municipal Income Fund	Municipal Bonds	59	1.75%	—	Dec 1986	AFTEX vs MMIBX
VOO	Vanguard S&P 500 ETF	S&P 500	60	8.08%	1.70T	Sep 2010	AFTEX vs VOO
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.72%	95.28B	May 2020	AFTEX vs SGOV
VTEB	Vanguard Tax-Exempt Bond ETF	Municipal Bonds	76	1.82%	47.60B	Aug 2015	AFTEX vs VTEB
HYMB	SPDR Nuveen Bloomberg Barclays High Yield Municipa...	Municipal Bonds	61	3.60%	2.99B	Apr 2011	AFTEX vs HYMB
RMUNX	Invesco Rochester New York Municipals Fund	Municipal Bonds	38	1.78%	—	May 1986	AFTEX vs RMUNX
NUV	Nuveen Municipal Value Fund Inc.	Municipal Bonds	46	3.28%	—	Apr 1987	AFTEX vs NUV
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	94	1.95%	—	Nov 2014	AFTEX vs DMREX
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	10	0.49%	—	Oct 2022	AFTEX vs BMN
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	98	1.01%	—	Oct 2013	AFTEX vs FMNDX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	77	1.81%	—	Jun 2012	AFTEX vs FXIEX
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	94	1.75%	—	Oct 2017	AFTEX vs DCARX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	97	0.77%	—	Dec 2017	AFTEX vs FGNSX
MUC	BlackRock MuniHoldings California Quality Fund	Municipal Bonds	36	5.75%	—	Feb 1998	AFTEX vs MUC
BSNIX	Baird Strategic Municipal Bond Fund Institutional ...	Municipal Bonds	80	1.36%	—	—	AFTEX vs BSNIX
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	58	5.53%	—	Mar 1998	AFTEX vs MUJ

Compare AFTEX with Any Fund or Stock

Compare AFTEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair AFTEX with funds that move differently

American Funds Tax Exempt Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AFTEX.

Explore AFTEX Diversifiers

American Funds Tax Exempt Bond Fund (AFTEX) Alternatives