American Funds Tax-Exempt Preservation Portfolio Class A (TEPAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.56

+0.04 (0.42%)

At close: Oct 15, 2026

Fund Assets	397.10M
Expense Ratio	0.61%
Min. Investment	$250
Turnover	34.00%
Dividend (ttm)	0.25
Dividend Yield	2.61%
Dividend Growth	-1.30%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 25, 2026

Previous Close	9.52
YTD Return	-0.31%
1-Year Return	0.27%
5-Year Return	5.43%
52-Week Low	9.41
52-Week High	9.87
Beta (5Y)	0.14
Holdings	5
Inception Date	May 18, 2012

About TEPAX

American Funds Tax-Exempt Preservation Portfolio Class A is an open-end municipal bond fund designed to deliver current income exempt from regular federal income tax while emphasizing preservation of capital. The portfolio primarily holds short to intermediate maturity, investment-grade municipal securities through a fund-of-funds approach, allocating heavily to revenue bonds with additional exposure to general obligation bonds. Duration is kept on the shorter side to manage interest rate sensitivity, with recent disclosures showing an effective duration near three years and a diversified mix across more than a thousand issuers. The fund distributes income monthly and targets a risk profile aligned with the Bloomberg Municipal Bond 1–7 Year blend benchmarks used for evaluation. It is structured to provide broad, high-quality municipal market exposure, supported by underlying strategies such as short-term tax‑exempt and limited term municipal funds and an affiliated short duration municipal ETF. With modest portfolio turnover and a long-standing inception dating back to 2012, the fund plays a role as a conservative, tax-efficient income option within a fixed income allocation for investors seeking federally tax-exempt income and capital stability.

Fund Family Capital Group

Category Muni National Short

Performance Rating Average

Risk Rating Above Average

Stock Exchange Nasdaq

Ticker Symbol TEPAX

Share Class Class A

Index Bloomberg 1-8 Year Municipal TR USD

Performance

TEPAX had a total return of 0.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.56%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TYEFX	Class F-3	0.26%
TXEFX	Class F-2	0.35%
TEPFX	Class F-1	0.63%
TEPCX	Class C	1.30%

Top Holdings

Name	Symbol	Weight
American Funds Limited Term Tx-Ex Bd R-6	n/a	40.03%
Capital Group Short Duration Municipal Income ETF	CGSM	29.93%
Amer Fds Short-Term Tax Exempt Bd	n/a	29.50%
Capital Group Central Cash Fund	n/a	0.52%
Cash And Other Assets Less Liablities	n/a	0.02%

View More Holdings

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 25, 2026	$0.0203	Sep 28, 2026
Aug 26, 2026	$0.0217	Aug 27, 2026
Jul 28, 2026	$0.019	Jul 29, 2026
Jun 25, 2026	$0.0207	Jun 26, 2026
May 26, 2026	$0.0208	May 27, 2026
Apr 27, 2026	$0.0205	Apr 28, 2026

Full Dividend History