AFTEX

About AFTEX

The Tax-Exempt Bond Fund of America® Class A is an actively managed municipal bond mutual fund designed to deliver a high level of current income that is exempt from regular federal income tax while emphasizing preservation of capital. The portfolio invests primarily in U.S. municipal securities, with a broad allocation across revenue bonds and general obligation bonds, and maintains an intermediate interest-rate profile. Managed by Capital Group since 1979, the fund distributes income monthly and typically keeps the majority of assets in U.S. bonds, reflecting its focus on tax-advantaged municipal markets. The strategy employs diversified exposure across numerous issuers and sectors tied to public infrastructure and essential services, seeking resilient income streams supported by municipal revenue sources. As a core tax-exempt fixed income offering, it plays a role for investors seeking federally tax-exempt income and municipal market diversification within a balanced fixed income allocation, with portfolio statistics such as effective duration and yield disclosed regularly to help assess interest-rate and income characteristics.