The Tax-Exempt Bond Fund of America is one of the oldest and largest municipal bond funds in the United States, with an inception date of June 30, 1976. It is a key offering within the American Funds family, which is managed by Capital Group, a global investment management firm. The fund's primary objective is to generate income for investors that is not subject to federal income taxes by investing predominantly in a diversified portfolio of investment-grade municipal bonds issued by state and local governments across the United States.

Founded in

United States