American Funds Tax-Exempt Bond Fund of America Class F-1 (AFTFX) 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 AFTFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AFTFX
AFTFX charges 0.63% annually. There are 248 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | AFTFX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | AFTFX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | AFTFX vs FHMIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | AFTFX vs VTMFX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | AFTFX vs FSMUX |
Best Risk-Adjusted Alternatives to AFTFX
AFTFX has a PortfoliosLab risk / return rank of 77. There are 264 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | AFTFX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | AFTFX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | AFTFX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | AFTFX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | AFTFX vs TFCYX |
Top Performing AFTFX Alternatives (YTD)
AFTFX is at 0.49% YTD. There are 276 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.61%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.61% | — | Apr 1998 | AFTFX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 7.46% | — | Nov 2002 | AFTFX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 6.42% | — | Oct 1992 | AFTFX vs MIY | |
| BlackRock MuniHoldings New Jersey Quality Fund | 4.78% | — | Mar 1998 | AFTFX vs MUJ | |
| AllianceBernstein National Municipal Income Fund | 4.37% | — | Nov 2001 | AFTFX vs AFB |
Lowest Volatility Alternatives to AFTFX
AFTFX has 2.68% 1-year volatility. There are 222 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.54% | — | Aug 2002 | AFTFX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | AFTFX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | AFTFX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | AFTFX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.61% | — | May 2016 | AFTFX vs USMTX |
Lowest Drawdown Alternatives to AFTFX
AFTFX 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 | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | AFTFX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | AFTFX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | AFTFX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | AFTFX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | AFTFX vs DFABX |
Other Mutual Funds from Capital Group
The 10 most viewed Capital Group mutual funds shown here include AGTHX, RFNGX, HIMFX and span 6 categories.
Compare AFTFX with Any Fund or Stock
Compare AFTFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AFTFX with funds that move differently
American Funds Tax-Exempt Bond Fund of America Class F-1 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AFTFX.
Explore AFTFX Diversifiers