American Funds Tax-Exempt Bond F2 (TEAFX)
| Fund Assets | 23.45B |
| Expense Ratio | 0.35% |
| Min. Investment | $250 |
| Turnover | n/a |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 3.26% |
| Dividend Growth | 5.58% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 12.50 |
| YTD Return | 1.99% |
| 1-Year Return | 1.45% |
| 5-Year Return | 4.63% |
| 52-Week Low | 11.86 |
| 52-Week High | 12.62 |
| Beta (5Y) | n/a |
| Holdings | 5329 |
| Inception Date | Aug 1, 2008 |
About TEAFX
The Tax-Exempt Bond Fund of America, Class F-2 is an actively managed municipal bond mutual fund focused on delivering a high level of current income that is exempt from regular federal income tax, while emphasizing preservation of capital. It primarily invests in investment-grade municipal securities and maintains broad diversification across revenue bonds and general obligation bonds, with revenue bonds comprising the large majority of assets. The portfolio carries intermediate interest-rate exposure, reflected in an effective duration of about seven years, and pays distributions on a monthly schedule. The fund’s 30-day SEC yield and published distribution rate position it as a core tax‑exempt income option for investors seeking federal tax-advantaged cash flows from state and local issuers. It has a long operating history dating to 1979 and a sizable asset base, supported by a multi-manager team and a research-driven approach to credit selection within the national municipal market segment. Class F-2 features a low expense profile without 12b‑1 fees, aiming to deliver tax-exempt income efficiently for taxable accounts.
Performance
TEAFX had a total return of 1.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.01%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
3.18% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT) - COMMONWEALTH OF PUERTO RICO FRN 11-01-43 | PR.PRC 11.01.2043 | 0.42% |
| BLACK BELT ENERGY GAS DISTRICT (MPT) 5.0% 10-01-55 | AL.BBEUTL 10.01.2055 | 0.39% |
| DETROIT SEWER SYSTEM - GREAT LAKES WATER AUTHORITY SEWAGE DISPOSAL SYSTEM REVENUE AG FRN 07-01-32 | MI.DETUTL 07.01.2032 | 0.35% |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 02-01-55 | CA.CCEDEV 02.01.2055 | 0.33% |
| BLACK BELT ENERGY GAS DISTRICT (MPT) 4.0% 06-01-51 | AL.BBEUTL 06.01.2051 | 0.31% |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT) - COMMONWEALTH OF PUERTO RICO 0.0% 11-01-51 | PR.PRC 11.01.2051 | 0.29% |
| KENTUCKY INC KY PUB ENERGY AUTH - KENTUCKY PUBLIC ENERGY AUTHORITY (MPT) 5.0% 01-01-55 | KY.KYSPWR 01.01.2055 | 0.28% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY - ENERGY SOUTHEAST A COOPERATIVE DISTRICT (MPT) 5.25% 07-01-54 | AL.ESDPWR 07.01.2054 | 0.28% |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY 4.125% 01-20-34 | NH.NFADEV 4.12 01.20.2034 | 0.27% |
| SOUTHEAST ENERGY AUTHORITY AL - SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT (MPT) 4.0% 12-01-51 | AL.SEEPWR 12.01.2051 | 0.27% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.03276 | Oct 1, 2025 |
| Aug 29, 2025 | $0.03324 | Sep 2, 2025 |
| Jul 31, 2025 | $0.03362 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0325 | Jul 1, 2025 |
| May 30, 2025 | $0.03301 | Jun 2, 2025 |
| Apr 30, 2025 | $0.03269 | May 1, 2025 |