TEPAX Performance — American Funds Tax-Exempt Preservation Portfolio, Class A
Data updated: 2026-09-28
TEPAX returned +0.62% year to date and +2.82% over one year to Jul 2026. Annualised returns are +3.28% over 3 years and +1.17% over 5 years. The fund trailed its US Multi-Cap category average: $100 invested three years ago grew to $110, against $118 for the category, and to $103 over one year, against $109. Volatility over the past three years was 2.83% a year. In the 12 months to Jul 2026 the fund lost a net $1.3M, and assets reached $389.63M.
TEPAX Growth of $100
What $100 invested in American Funds Tax-Exempt Preservation Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap category average over the same months.
| Period | TEPAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $109 |
| 3 years (Aug 2023 – Jul 2026) | $110 | $118 |
| 5 years (Aug 2021 – Jul 2026) | $106 | $111 |
| Since data start (Aug 2019 – Jul 2026) | $111 | $128 |
TEPAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.62% |
| 1 year | +2.82% |
| 3 years (annualised) | +3.28% |
| 5 years (annualised) | +1.17% |
TEPAX Annual Returns
Calendar-year total returns of American Funds Tax-Exempt Preservation Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.62% |
| 2025 | +4.60% |
| 2024 | +2.14% |
| 2023 | +3.63% |
| 2022 | −4.36% |
| 2021 | −0.03% |
| 2020 | +3.51% |
| 2019 (Aug–Dec) | +0.64% |
TEPAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +0.8% | −1.4% | +0.5% | +0.2% | +0.3% | −0.6% | — | — | — | — | — |
| 2025 | +0.6% | +0.7% | −0.5% | −0.2% | +0.5% | +0.7% | +0.4% | +0.7% | +0.7% | +0.2% | +0.2% | +0.3% |
| 2024 | 0.0% | +0.1% | 0.0% | −0.6% | 0.0% | +0.9% | +0.9% | +0.8% | +0.7% | −0.8% | +0.8% | −0.6% |
| 2023 | +1.6% | −1.5% | +1.4% | −0.1% | −0.8% | +0.4% | +0.3% | −0.4% | −1.3% | −0.2% | +3.1% | +1.3% |
| 2022 | −1.8% | −0.3% | −1.8% | −1.4% | +0.8% | −0.4% | +1.2% | −1.3% | −1.7% | −0.1% | +2.1% | +0.2% |
| 2021 | +0.4% | −0.7% | +0.2% | +0.4% | +0.1% | 0.0% | +0.2% | −0.2% | −0.5% | −0.1% | +0.1% | +0.1% |
| 2020 | +0.9% | +0.6% | −1.7% | −0.5% | +2.3% | +0.4% | +0.9% | −0.1% | 0.0% | −0.1% | +0.6% | +0.3% |
| 2019 | — | — | — | — | — | — | — | +0.5% | −0.5% | +0.2% | 0.0% | +0.3% |
TEPAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 2.83%
- 3-year Sharpe ratio: -0.43 (vs 4.5% risk-free rate)
- Best month: +3.11% (Nov 2023)
- Worst month: −1.40% (Mar 2026)
TEPAX Fund Flows
Monthly money in and out of American Funds Tax-Exempt Preservation Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$1.3M
- 12-month gross sales (incl. reinvestments): $90.6M
- Sales ÷ redemptions: 0.99×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $6.6M | $8.5M | −$1.8M |
| Jun 2026 | $4.2M | $5.2M | −$1.1M |
| May 2026 | $4.9M | $5.4M | −$471K |
| Apr 2026 | $7.1M | $10.8M | −$3.7M |
| Mar 2026 | $11.5M | $6.9M | $4.6M |
| Feb 2026 | $7.8M | $6.9M | $947K |
| Jan 2026 | $9.7M | $7.6M | $2.0M |
| Dec 2025 | $11.8M | $14.4M | −$2.6M |
| Nov 2025 | $4.5M | $4.3M | $268K |
| Oct 2025 | $5.9M | $8.2M | −$2.3M |
| Sep 2025 | $9.6M | $8.0M | $1.6M |
| Aug 2025 | $7.0M | $5.7M | $1.3M |
TEPAX Assets Under Management
Net assets of American Funds Tax-Exempt Preservation Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $389.63M |
| 2026-04-30 | $395.64M |
| 2026-01-31 | $396.52M |
| 2025-10-31 | $394.84M |
| 2025-07-31 | $390.34M |
| 2025-04-30 | $392.10M |
| 2025-01-31 | $400.69M |
| 2024-10-31 | $403.66M |
| 2024-07-31 | $410.94M |
| 2024-04-30 | $419.17M |
| 2024-01-31 | $441.51M |
| 2023-10-31 | $458.70M |
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.