American Funds Tax Exempt Bond Fund®

Scorecard
3 / 5 Stars
Lipper
2 2 3 4 5
Zacks Investment Research
2 (Buy)
Standard & Poor's
2 / 5 Stars
TheStreet.com
A+ (Buy)

U.S. News evaluated 83 Muni National Interm Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 5.49 percent over the past year, 5.23 percent over the past three years, 5.42 percent over the past five years, and 3.74 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 6.0%
1 Year 5.5%
3 Years (Annualized) 5.2%
5 Years (Annualized) 5.4%
10 Years (Annualized) 3.7%

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Summary

The investment seeks to provide with a high level of current income exempt from federal income tax, consistent with the preservation of capital. The fund invests at least 80% of assets in, or derives at least 80% of income from, securities that are exempt from regular federal income tax. It will not invest in securities that subject to federal alternative minimum tax. The fund invests substantially in debt securities rated A- or better and may also invest in debt securities rated BBB+ or below. It may invest significantly in municipal obligations of issuers in the same state, or engaged in the same type of projects or industries.

Fees

Fees are Low compared to funds in the same category.
American Funds Tax Exempt Bond Fund® has an expense ratio of 1.34 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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