Skip to Content
Morningstar

American Funds Tax-Exempt Bond A AFTEX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
12.14  /  0.01 %
Total Assets
21.6 Bil
Adj. Expense Ratio
0.500%
Expense Ratio
0.500%
Distribution Fee Level
Low
Share Class Type
Front Load
Category
Muni National Interm
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
250
Status
Open
TTM Yield
2.27%
Effective Duration
6.79 years

USD | NAV as of Dec 06, 2022 | 1-Day Return as of Dec 06, 2022, 10:37 PM GMT+00:00

Morningstar’s Analysis AFTEX

Will AFTEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AFTEX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the AFTEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of AFTEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A solid choice.

Associate Director

Summary

|

The experienced managers charged with running American Funds Tax-Exempt Bond are supported by a solid analyst team that follows a prudent, research-based approach to build this portfolio. They collaborate well within the muni group and across the broader fixed-income team and display strong and efficient communication and organized succession planning, which earns an upgrade to a High People Pillar rating. The strategy's cheapest share classes now carry Morningstar Analyst Ratings of Gold and Silver, while its more-expensive shares earn a Bronze or Neutral rating.

Unlock our full analysis with Morningstar Investor