American Funds Tax-Exempt Preservation Portfolio - A | American Funds

Select your location

Who are you ?

Select another location

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Qui êtes vous ?

Sélectionnez un autre emplacement

Qui êtes vous ?

Sélectionnez un autre emplacement

Wer bist du ?

Wählen Sie einen anderen Ort

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Who are you ?

Select another location

Who are you ?

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, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

PORTFOLIO SERIES

SM

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 $9.46 as of 6/27/2022 (updated daily)
Fund Assets (millions) $652.3
Portfolio Solutions Committee Members
7
Expense Ratio
0.63%

Underlying Funds

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds83.4%
Non-U.S. Bonds0.0%
Cash & Equivalents
16.6%
U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds83.4%
Non-U.S. Bonds0.0%
Cash & Equivalents
16.6%
As of 5/31/2022 (updated monthly)

Fund Statistics

2.8 years
Effective Duration
2%
Average Yield
to Maturity
3.2%
Average Coupon
% of net assets as of 3/31/2022 (updated quarterly)

Growth of 10K

Read important investment disclosures
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2021.
TEPAX
Bloomberg Municipal Bond 1-7 Year Blend Index

High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
-6.94%
1-year return
0.32%
5-year return
1.15%
10-year return
1.29%
30-Day SEC Yield
Returns as of 5/31/22 (updated monthly). Yield as of 5/31/22 (updated monthly).

Morningstar Style BoxTM— Fixed-Income

High Quality
Limited Interest-Rate Sensitivity
Morningstar data as } of 3/31/22 (updated quarterly)

Description

Fund 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 5/31/2022
$652.3
Companies/Issuers
Holdings are as of 3/31/2022 (updated quarterly).
959+
Shareholder Accounts
Shareholder accounts are as of 5/31/2022
6,848
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2021) 5%
Fiscal Year-End Oct
Prospectus Date 01/01/2022
CUSIP 02630Y 10 9
Fund Number 44

Returns

Internal Prompt

Month-End Returns as of 5/31/22

Quarter-End Returns as of 3/31/22

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
TEPAX
Bloomberg Municipal Bond 1-7 Year Blend Index
Other AF Funds
Standard Deviation as of 05/31/2022 (updated monthly) . Annualized return as of 05/31/2022 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.90% N/A
Fund at MOP 0.88% 1.29%
As of 5/31/2022 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund -- -- --
Bloomberg Municipal Bond 1-7 Year Blend Index
-- -- --
Fund as of 3/31/22. 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 10 31 36
Michelle J. Black 2 20 27
Samir Mathur 2 9 29
Wesley K. Phoa 10 23 28
John R. Queen 2 20 32
William L. Robbins 2 27 30
Andrew B. Suzman 10 28
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(210)
3-yr. Morningstar RatingTM
(210 funds rated)
5-yr. Morningstar RatingTM
(181 funds rated)
10-yr. Morningstar RatingTM
(136 funds rated)
Overall Morningstar Risk Above Average
HIGH
LOW
Category Muni National Short
Ratings are based on risk-adjusted returns as of 5/31/2022 (updated monthly).

Risk Measures

Fund
Standard Deviation
2.38
Sharpe Ratio
0.33
For the 10 Years ending 5/31/22 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg Municipal Bond 1-7 Year Blend Index
Bloomberg Municipal TR USD
R-squared 0 93
Beta 0.00 0.58
Capture Ratio (Downside/Upside) --/-- 58/57
American Funds Benchmark for the 10 Years ending 12/31/16 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 5/31/22 (updated monthly).
AAA/Aaa
23.8%
AA/Aa
38.6%
A
16.1%
BBB/Baa
4.1%
Unrated
1.1%
Cash & equivalents
16.3%
% of net assets as of 3/31/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years
62.7%
5-9.9 Years
20.5%
10-19.9 Years
0.5%
20-29.9 Years
0.0%
30+ Years
--
% of net assets as of 3/31/2022 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
General obligation bonds 10.7%

% of net assets as of 3/31/2022 (updated quarterly)

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

Geographic Breakdown

Texas
11.4%
New York
7.7%
California
6.9%
Florida
4.5%
Illinois
4.3%
Pennsylvania
3.9%
Ohio
3.2%
Michigan
2.6%
Georgia
2.5%
Alabama
2.2%
% of net assets as of 3/31/2022

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 06/27/22

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
01/27/22 01/27/22 01/28/22 $0.0049 $0.00 $0.00 $0.00 $9.83
02/24/22 02/24/22 02/25/22 $0.0049 $0.00 $0.00 $0.00 $9.77
03/29/22 03/29/22 03/30/22 $0.0054 $0.00 $0.00 $0.00 $9.57
04/27/22 04/27/22 04/28/22 $0.0063 $0.00 $0.00 $0.00 $9.46
05/26/22 05/26/22 05/27/22 $0.0066 $0.00 $0.00 $0.00 $9.49
2022 Year-to-Date: Dividends Subtotal: $0.0281 Cap Gains Subtotal: $0.00
Total Distributions: $0.0281

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.05%
Acquired (Underlying) Fund Fees and Expenses 0.28%
Service 12b-1 0.30%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

TEPAX 0.63%
Lipper Short-Intmdt Municipal Debt Funds Average
0.63%
Fund as of most recent prospectus. Lipper Category as of 3/31/22 (updated quarterly).