American Funds Tax-Exempt Bond Fund® Class F2 (TEAFX)
| Fund Assets | 24.86B |
| Expense Ratio | 0.35% |
| Min. Investment | $250 |
| Turnover | 56.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.21% |
| Dividend Growth | 0.14% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 12.38 |
| YTD Return | -0.63% |
| 1-Year Return | 4.59% |
| 5-Year Return | 4.79% |
| 52-Week Low | 11.86 |
| 52-Week High | 12.67 |
| Beta (5Y) | n/a |
| Holdings | 5290 |
| 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 4.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.04%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.50% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.43% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.03043 | Mar 2, 2026 |
| Jan 30, 2026 | $0.03249 | Feb 2, 2026 |
| Dec 31, 2025 | $0.03545 | Jan 2, 2026 |
| Nov 28, 2025 | $0.03288 | Dec 1, 2025 |
| Oct 31, 2025 | $0.03419 | Nov 3, 2025 |
| Sep 30, 2025 | $0.03276 | Oct 1, 2025 |