American Funds Tax-Exempt Preservation Portfolio - F-2 | American Funds

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

Investment Fund

SM

Purchase Restrictions: Class F-2 shares are available through certain registered investment advisor and fee-based programs, but are not available for purchase in most employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
A tax-exempt foundation. As part of a diversified investment strategy, this fund of funds seeks to provide investors with a source of tax-exempt income.
Price at NAV $9.55 as of 3/24/2023 (updated daily)
Fund Assets (millions) $555.0
Portfolio Solutions Committee Members
7
Expense Ratio
0.35%

Underlying Funds

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds84.6%
Non-U.S. Bonds0.0%
Cash & Equivalents
15.4%
U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds84.6%
Non-U.S. Bonds0.0%
Cash & Equivalents
15.4%
As of 2/28/2023 (updated monthly)

Fund Statistics

2.7 years
Effective Duration
3.7%
Average Yield
to Maturity
3.8%
Average Coupon
% of net assets as of 12/31/2022 (updated quarterly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class F-2 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
TXEFX
Bloomberg Municipal Bond 1-7 Year Blend Index
Other AF Funds
Standard Deviation as of 02/28/2023 (updated monthly) . Annualized return as of 02/28/2023 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Returns at NAV

Returns at MOP

Description

Objective
The fund's investment objective is to provide current income that is exempt from regular federal income tax, consistent with preservation of capital.
Distinguishing Characteristics
The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in different combinations and weightings.
Types of Investments
Principally invest in funds that seek current income through bond investments.
Portfolio Restrictions
The fund will seek to generate a material portion of its current income from underlying funds that invest in bonds that are exempt from regular income tax, such as municipal bonds.

Fund Facts

Fund Inception 5/18/2012
Fund Assets (millions)
As of 2/28/2023
$555.0
Companies/Issuers
Holdings are as of 12/31/2022 (updated quarterly).
994+
Shareholder Accounts
Shareholder accounts are as of 2/28/2023
2,285
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2022) 20%
Fiscal Year-End Oct
Prospectus Date 01/01/2023
CUSIP 02630Y 50 5
Fund Number 644

Returns

Internal Prompt

Month-End Returns as of 2/28/23

Quarter-End Returns as of 12/31/22

Growth of 10K

Read important investment disclosures
For Class F-2 Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2022.
TXEFX
Bloomberg Municipal Bond 1-7 Year Blend Index

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.47% 1.53%
Fund at MOP N/A N/A
As of 2/28/2023 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund -- -- --
Bloomberg Municipal Bond 1-7 Year Blend Index
-- -- --
Fund as of 12/31/22. Index as of --.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Alan N. Berro 11 32 37
Michelle J. Black 3 21 28
Samir Mathur 3 10 30
Wesley K. Phoa 11 24 29
John R. Queen 3 21 33
William L. Robbins 3 28 31
Andrew B. Suzman 11 29
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(205)
3-yr. Morningstar RatingTM
(205 funds rated)
5-yr. Morningstar RatingTM
(184 funds rated)
10-yr. Morningstar RatingTM
(133 funds rated)
Overall Morningstar Risk Above Average
HIGH
LOW
Category Muni National Short
Ratings are based on risk-adjusted returns as of 2/28/2023 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated

(80)

(80)

(73)

(56)
Expense Within Category
Funds Rated

(37)

(37)

(31)

(20)
Preservation Within Category
Funds Rated

(6255)

(6255)

(5685)

(3994)
Tax Efficiency Within Category
Funds Rated

(80)

(80)

(73)

(56)
Total Return Within Category
Funds Rated

(80)

(80)

(73)

(56)
Category Short-Intmt Muni Dbt Fds
KEY
HIGHEST LOWEST
As of 2/28/2023 (updated monthly)

Risk Measures

Fund
Standard Deviation
2.62
Sharpe Ratio
0.19
For the 10 Years ending 2/28/23 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg Municipal Bond 1-7 Year Blend Index
Bloomberg Municipal TR USD
R-squared 90 93
Beta 0.96 0.55
Capture Ratio (Downside/Upside) 98/101 53/56
American Funds Benchmark for the 10 Years ending 12/31/22 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 2/28/23 (updated monthly).
AAA/Aaa
26.7%
AA/Aa
36.7%
A
15.4%
BBB/Baa
4.1%
BB/Ba
0.0%
Unrated
1.1%
Cash & equivalents
16.0%
% of net assets as of 12/31/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years
61.7%
5-9.9 Years
21.2%
10-19.9 Years
1.0%
20-29.9 Years
0.1%
30+ Years
--
% of net assets as of 12/31/2022 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
General obligation bonds 11.0%

% of net assets as of 12/31/2022 (updated quarterly)

Go to the underlying fund pages to see detailed holdings information.

Geographic Breakdown

Texas
11.5%
New York
7.5%
California
6.9%
Illinois
4.1%
Florida
3.5%
Pennsylvania
3.4%
Alabama
3.2%
Georgia
2.8%
Ohio
2.4%
Colorado
2.3%
% of net assets as of 12/31/2022

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 03/24/23

2023
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
01/27/23 01/27/23 01/30/23 $0.0118 $0.00 $0.00 $0.00 $9.57
02/24/23 02/24/23 02/27/23 $0.0137 $0.00 $0.00 $0.00 $9.41
2023 Year-to-Date: Dividends Subtotal: $0.0255 Cap Gains Subtotal: $0.00
Total Distributions: $0.0255

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.12%
Acquired (Underlying) Fund Fees and Expenses 0.23%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

TXEFX 0.35%
Lipper Short-Intmdt Municipal Debt Funds Average
0.46%
Fund as of most recent prospectus. Lipper Category as of 12/31/22 (updated quarterly).