TEPAX Fees and Costs — American Funds Tax-Exempt Preservation Portfolio, Class A
Data updated: 2026-09-28
The net expense ratio is 0.59%. This share class carries a maximum front-end sales load of 2.50% and a deferred sales charge of up to 0.75%. Portfolio turnover was 15%.
TEPAX Fees and Expenses
Annual operating expenses and sales charges of TEPAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 0.75% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TEPAX Costs Over Time
On $10,000 invested in TEPAX, assuming 5% a year before costs, total costs come to $682 over 5 years, cutting the return by 1.15% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $326 | $250 | $250 |
| Fund expenses (net expense ratio 0.59%) | $60 | $189 | $330 |
| Lost growth on money paid in costs | $13 | $49 | $102 |
| Total costs | $399 | $488 | $682 |
| Value after costs | $10,101 | $11,088 | $12,081 |
| Impact on return, per year | 3.99% | 1.50% | 1.15% |
TEPAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
American Funds Tax-Exempt Preservation Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TYEFX | Class F-3 | 0.26% | none |
| TXEFX | Class F-2 | 0.35% | none |
| TTEPX | Class T | 0.54% | 2.50% |
| TEPAX | Class A | 0.59% | 2.50% |
| TEPFX | Class F-1 | 0.63% | none |
| TEPCX | Class C | 1.30% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.