TEBCX

About TEBCX

American Funds Tax-Exempt Bond Fund Class C 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. The portfolio primarily holds investment-grade U.S. municipal securities, while maintaining the flexibility to include lower-rated issues to enhance income, reflecting its placement in the Muni National Intermediate category. The strategy emphasizes diversified exposure across revenue and general obligation bonds, with revenue bonds representing a substantial share of assets. It targets intermediate interest-rate risk, as indicated by an effective duration in the mid‑single‑digit range, and distributes income on a monthly schedule. With a multi-decade track record since 1979 and a large asset base, the fund serves as a core tax‑exempt fixed income allocation for investors seeking federally tax-advantaged income within a diversified portfolio. Class C shares incorporate a 12b‑1 distribution fee structure and may carry a contingent deferred sales charge if sold within the first year, distinguishing their cost profile from other share classes.