TFEBX

About TFEBX

The Tax-Exempt Bond Fund of America – Class F-3 is an open-end municipal bond fund designed to deliver a high level of current income that is exempt from regular federal income tax while emphasizing capital preservation. Managed by Capital Group, it primarily invests in investment-grade municipal securities across states and sectors, with flexibility to hold a measured allocation to lower rated bonds, reflecting a diversified approach to credit within the national intermediate municipal category. The portfolio is broadly diversified across more than a thousand issuers and pays distributions monthly, aligning its income profile with investor cash flow needs. Duration is managed in the intermediate range, aiming to balance interest rate sensitivity with income generation. Class F-3 is structured for fee-sensitive accounts, featuring a relatively low expense profile and no front sales charge, enhancing net-of-fee income delivery. With a multi-decade track record and large asset base, the fund plays a core role for investors seeking federally tax-exempt income and municipal market exposure within a professionally managed, research-driven framework.