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TAX EXEMPT BOND FUND OF AMERICA
mutual fund
TFEBX
Payout Change
Pending
Price as of:
$12.36
+0.0
+0.0%
primary theme
Municipal Bond
share class
TFEBX (Mutual Fund)
TAX EXEMPT BOND FUND OF AMERICA
Payout Change
Pending
Price as of:
$12.36
+0.0
+0.0%
primary theme
Municipal Bond
share class
TFEBX (Mutual Fund)
TAX EXEMPT BOND FUND OF AMERICA
Payout Change
Pending
Price as of:
$12.36
+0.0
+0.0%
primary theme
Municipal Bond
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
2.1%
1 yr return
2.2%
3 Yr Avg Return
-0.5%
5 Yr Avg Return
0.9%
Net Assets
$24.4 B
Holdings in Top 10
4.0%
52 WEEK LOW AND HIGH
$12.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 21.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
$25
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
TFEBX - Profile
Distributions
- YTD Total Return 2.1%
- 3 Yr Annualized Total Return -0.5%
- 5 Yr Annualized Total Return 0.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.36%
- Dividend Yield 3.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameTAX EXEMPT BOND FUND OF AMERICA
-
Fund Family NameCapital Group Fund Group
-
Inception DateMay 11, 2012
-
Shares OutstandingN/A
-
Share ClassF3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKarl Zeile
Fund Description
Under normal circumstances, 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. The fund will not invest in “private activity bonds” whose interest is generally subject to the federal alternative minimum tax. The fund 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. The fund may also invest in debt securities rated BBB+ or below and Baa1 or below (including those rated BB+ or below and Ba1 or below) 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. Securities rated BB+ or below and Ba1 or below are sometimes referred to as “junk bonds.”
The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.
The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
TFEBX - Performance
Return Ranking - Trailing
| Period | TFEBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.1% | -7.3% | 37.5% | 32.44% |
| 1 Yr | 2.2% | -7.4% | 37.6% | 33.04% |
| 3 Yr | -0.5%* | -11.8% | 5.1% | 32.51% |
| 5 Yr | 0.9%* | -7.4% | 1103.2% | 31.60% |
| 10 Yr | N/A* | -1.1% | 248.8% | 22.22% |
* Annualized
Return Ranking - Calendar
| Period | TFEBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.6% | -1.4% | 41.0% | 20.40% |
| 2022 | -11.2% | -39.7% | 0.3% | 45.53% |
| 2021 | -0.4% | -5.6% | 6.9% | 48.38% |
| 2020 | 2.2% | -2.6% | 310.0% | 28.57% |
| 2019 | 4.4% | 0.0% | 26.0% | 29.01% |
Total Return Ranking - Trailing
| Period | TFEBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.1% | -7.3% | 37.5% | 32.44% |
| 1 Yr | 2.2% | -7.4% | 37.6% | 33.04% |
| 3 Yr | -0.5%* | -11.8% | 5.1% | 32.51% |
| 5 Yr | 0.9%* | -7.4% | 1103.2% | 31.60% |
| 10 Yr | N/A* | -1.1% | 248.8% | 22.47% |
* Annualized
Total Return Ranking - Calendar
| Period | TFEBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.8% | -1.3% | 41.0% | 22.69% |
| 2022 | -8.7% | -39.7% | 1.1% | 42.39% |
| 2021 | 2.2% | -4.8% | 23761504.0% | 34.98% |
| 2020 | 3.7% | -1.5% | 17057.9% | 54.97% |
| 2019 | 7.8% | 0.2% | 3514.6% | 18.00% |
NAV & Total Return History
TFEBX - Holdings
Concentration Analysis
| TFEBX | Category Low | Category High | TFEBX % Rank | |
|---|---|---|---|---|
| Net Assets | 24.4 B | 3.22 M | 71.9 B | 0.81% |
| Number of Holdings | 5207 | 4 | 13418 | 0.87% |
| Net Assets in Top 10 | 929 M | -317 M | 3.09 B | 1.75% |
| Weighting of Top 10 | 3.97% | 1.8% | 100.3% | 99.46% |
Top 10 Holdings
- UNITED STATES TREASURY BILL 0.0% 09-10-24 1.27%
- GREAT LAKES WATER AUTHORITY SEWAGE DISPOSAL SYSTEM REVENUE AGM FRN 07-01-32 0.34%
- ENERGY SOUTHEAST A COOPERATIVE DISTRICT (MPT) 5.25% 07-01-54 0.33%
- KENTUCKY PUBLIC ENERGY AUTHORITY (MPT) 5.0% 01-01-55 0.31%
- SOUTH CAROLINA PUBLIC SERVICE AUTHORITY 4.0% 12-01-47 0.31%
- BROOKLYN EVENTS CENTER LLC 5.0% 07-15-42 0.31%
- BLACK BELT ENERGY GAS DISTRICT (MPT) 4.0% 06-01-51 0.30%
- ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 3.625% 05-20-33 0.29%
- NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY 4.125% 01-20-34 0.27%
- NEW JERSEY HOUSING MORTGAGE FINANCE AGENCY 5.5% 04-01-53 0.24%
Asset Allocation
| Weighting | Return Low | Return High | TFEBX % Rank | |
|---|---|---|---|---|
| Bonds | 100.04% | 0.00% | 150.86% | 20.81% |
| Other | 0.00% | -3.69% | 53.54% | 12.42% |
| Stocks | 0.00% | 0.00% | 99.77% | 78.66% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 76.90% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 79.16% |
| Cash | 0.00% | -50.86% | 44.62% | 95.57% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TFEBX % Rank | |
|---|---|---|---|---|
| Municipal | 97.54% | 44.39% | 100.00% | 60.62% |
| Derivative | 0.00% | -3.69% | 53.54% | 9.47% |
| Cash & Equivalents | 0.00% | 0.00% | 44.41% | 91.27% |
| Securitized | 0.00% | 0.00% | 5.93% | 77.88% |
| Corporate | 0.00% | 0.00% | 9.41% | 82.20% |
| Government | 0.00% | 0.00% | 52.02% | 80.58% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TFEBX % Rank | |
|---|---|---|---|---|
| US | 100.04% | 0.00% | 142.23% | 19.95% |
| Non US | 0.00% | 0.00% | 23.89% | 79.18% |
TFEBX - Expenses
Operational Fees
| TFEBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.25% | 0.01% | 8.02% | 96.17% |
| Management Fee | 0.21% | 0.00% | 1.20% | 6.98% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.05% | 0.01% | 0.44% | 17.39% |
Sales Fees
| TFEBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| TFEBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TFEBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 21.00% | 0.00% | 283.00% | 62.08% |
TFEBX - Distributions
Dividend Yield Analysis
| TFEBX | Category Low | Category High | TFEBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.12% | 0.00% | 14.51% | 50.07% |
Dividend Distribution Analysis
| TFEBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| TFEBX | Category Low | Category High | TFEBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.36% | -0.53% | 5.33% | 27.46% |
Capital Gain Distribution Analysis
| TFEBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.032 | OrdinaryDividend |
| Oct 31, 2024 | $0.035 | OrdinaryDividend |
| Sep 30, 2024 | $0.032 | OrdinaryDividend |
| Aug 30, 2024 | $0.033 | OrdinaryDividend |
| Jul 31, 2024 | $0.032 | OrdinaryDividend |
| Apr 30, 2024 | $0.032 | OrdinaryDividend |
| Mar 28, 2024 | $0.032 | OrdinaryDividend |
| Feb 29, 2024 | $0.030 | OrdinaryDividend |
| Jan 31, 2024 | $0.032 | OrdinaryDividend |
| Dec 29, 2023 | $0.007 | OrdinaryDividend |
| Nov 30, 2023 | $0.031 | OrdinaryDividend |
| Oct 31, 2023 | $0.032 | OrdinaryDividend |
| Sep 29, 2023 | $0.031 | OrdinaryDividend |
| Aug 31, 2023 | $0.031 | OrdinaryDividend |
| Jul 31, 2023 | $0.031 | OrdinaryDividend |
| Jun 30, 2023 | $0.031 | OrdinaryDividend |
| May 31, 2023 | $0.031 | OrdinaryDividend |
| Apr 28, 2023 | $0.029 | OrdinaryDividend |
| Mar 31, 2023 | $0.029 | OrdinaryDividend |
| Feb 28, 2023 | $0.027 | OrdinaryDividend |
| Jan 31, 2023 | $0.029 | OrdinaryDividend |
| Dec 30, 2022 | $0.030 | OrdinaryDividend |
| Nov 30, 2022 | $0.028 | OrdinaryDividend |
| Oct 31, 2022 | $0.029 | OrdinaryDividend |
| Sep 30, 2022 | $0.027 | OrdinaryDividend |
| Aug 31, 2022 | $0.027 | OrdinaryDividend |
| Jul 29, 2022 | $0.026 | OrdinaryDividend |
| Jun 30, 2022 | $0.025 | OrdinaryDividend |
| May 31, 2022 | $0.026 | OrdinaryDividend |
| Apr 29, 2022 | $0.025 | OrdinaryDividend |
| Mar 31, 2022 | $0.025 | OrdinaryDividend |
| Feb 28, 2022 | $0.022 | OrdinaryDividend |
| Jan 31, 2022 | $0.025 | OrdinaryDividend |
| Dec 31, 2021 | $0.025 | OrdinaryDividend |
| Nov 30, 2021 | $0.024 | OrdinaryDividend |
| Oct 29, 2021 | $0.025 | OrdinaryDividend |
| Sep 30, 2021 | $0.024 | OrdinaryDividend |
| Aug 31, 2021 | $0.025 | OrdinaryDividend |
| Jul 30, 2021 | $0.026 | OrdinaryDividend |
| Jun 30, 2021 | $0.024 | OrdinaryDividend |
| May 28, 2021 | $0.026 | OrdinaryDividend |
| Apr 30, 2021 | $0.025 | OrdinaryDividend |
| Mar 31, 2021 | $0.027 | OrdinaryDividend |
| Feb 26, 2021 | $0.024 | OrdinaryDividend |
| Jan 29, 2021 | $0.028 | OrdinaryDividend |
| Dec 31, 2020 | $0.049 | OrdinaryDividend |
| Nov 30, 2020 | $0.027 | OrdinaryDividend |
| Oct 30, 2020 | $0.028 | OrdinaryDividend |
| Sep 30, 2020 | $0.027 | OrdinaryDividend |
| Apr 30, 2020 | $0.029 | OrdinaryDividend |
| Dec 31, 2019 | $0.031 | OrdinaryDividend |
| Nov 29, 2019 | $0.030 | OrdinaryDividend |
| Oct 31, 2019 | $0.031 | OrdinaryDividend |
| Sep 30, 2019 | $0.031 | OrdinaryDividend |
| Aug 30, 2019 | $0.032 | OrdinaryDividend |
| Jul 31, 2019 | $0.032 | OrdinaryDividend |
| Jun 28, 2019 | $0.032 | DailyAccrualFund |
TFEBX - Fund Manager Analysis
Managers
Karl Zeile
Start Date
Tenure
Tenure Rank
Dec 30, 2003
18.43
18.4%
Zeile has been employed by Capital and its affiliates since 1999.
Chad Rach
Start Date
Tenure
Tenure Rank
Oct 01, 2016
5.67
5.7%
Primary title with Capital Research and Management Company, Senior Vice President and Capital Fixed Income Investors. Rach is a portfolio manager with Strong, where he started in March 2000 as a fixed income analyst. Prior to this, he was assistant vice president with both Robert W. Baird & Co. and Miller & Schroeder Financial. He also worked as Director of Community Development for the city of Glendale, WI.
Courtney Wolf
Start Date
Tenure
Tenure Rank
Oct 01, 2020
1.66
1.7%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.36 | 1.58 |
