TEAFX

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.