Elfun Tax Exempt Income Fund (ELFTX)
| Fund Assets | 829.26M |
| Expense Ratio | 0.21% |
| Min. Investment | $500 |
| Turnover | 40.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 4.12% |
| Dividend Growth | -0.25% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.58 |
| YTD Return | -3.09% |
| 1-Year Return | -3.17% |
| 5-Year Return | -6.07% |
| 52-Week Low | 9.42 |
| 52-Week High | 10.21 |
| Beta (5Y) | 0.23 |
| Holdings | 487 |
| Inception Date | Jul 1, 1977 |
About ELFTX
Elfun Tax-Exempt Income Fund is an actively managed municipal bond mutual fund focused on generating a high level of current income that is generally exempt from regular federal income tax. The strategy primarily invests in investment-grade municipal obligations issued by state and local governments and related agencies to finance public infrastructure such as transportation, utilities, and essential services. At least 80% of the fund’s income is designed to be exempt from both regular federal income taxes and the federal alternative minimum tax, aligning it with the needs of tax-sensitive investors seeking federally tax-exempt income streams. The portfolio is categorized in the muni national long segment, reflecting diversified exposure across multiple states and sectors with longer interest-rate sensitivity. The fund distributes dividends on a monthly schedule and has historically maintained a relatively low expense ratio compared with peers, supporting cost-efficient income generation. With a long operating history and broad holdings, the fund plays a role as a core municipal bond allocation for investors aiming to balance tax-advantaged income with diversified credit exposure across U.S. municipal issuers.
Performance
ELFTX had a total return of -3.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.57%.
Top 10 Holdings
9.20% of assets| Name | Symbol | Weight |
|---|---|---|
| PHILADELPHIA PA WTR & WASTEWTR REV 5% | PA.PHIUTL 5 10.01.2043 | 1.22% |
| LOS ANGELES CALIF WASTEWATER SYS REV 5% | CA.LOSUTL 5 06.01.2048 | 1.22% |
| NEW JERSEY ST EDL FACS AUTH REV 5.5% | NJ.NJSEDU 5.5 09.01.2033 | 0.99% |
| CHICAGO ILL O HARE INTL ARPT REV 5.25% | IL.CHITRN 5.25 01.01.2042 | 0.97% |
| KENTUCKY ST PPTY & BLDGS COMMN REVS 5% | KY.KYSFAC 5 04.01.2037 | 0.93% |
| PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5.25% | PA.PASTRN 5.25 12.01.2044 | 0.91% |
| TAMPA FLA WTR & WASTEWATER SYS REV 5.25% | FL.TAMUTL 5.25 10.01.2057 | 0.87% |
| BALTIMORE CNTY MD 5% | MD.BAL 5 03.01.2045 | 0.74% |
| CHICAGO ILL O HARE INTL ARPT REV 5% | IL.CHITRN 5 01.01.2048 | 0.72% |
| CHICAGO ILL WASTEWATER TRANSMISSION REV 5.5% | IL.CHIUTL 5.5 01.01.2062 | 0.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03337 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0324 | Jun 30, 2025 |
| May 30, 2025 | $0.03358 | May 30, 2025 |
| Apr 30, 2025 | $0.03286 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03386 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0307 | Feb 28, 2025 |