TLLLX Fees and Costs — Tax Exempt Bond Fund of America, Class T
Data updated: 2026-10-14
The net expense ratio is 0.55%: a 0.23% management fee, a 0.25% 12b-1 fee plus 0.07% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 24%.
TLLLX Fees and Expenses
Annual operating expenses and sales charges of TLLLX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
TLLLX Costs Over Time
On $10,000 invested in TLLLX, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 |
| Fund expenses (net expense ratio 0.55%) | $58 | $181 | $315 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,416 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
TLLLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $17.5B
- Portfolio turnover (prospectus): 24%
TLLLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America Corporation | $4.3B | 28.58% |
| JPMorgan Chase & Co. | $3.3B | 21.93% |
| Barclays PLC | $1.4B | 9.32% |
| Wells Fargo & Company | $1.4B | 8.89% |
| The Goldman Sachs Group, Inc. | $1.1B | 7.45% |
| Morgan Stanley | $1.1B | 7.26% |
| Nomura Holdings, Inc. | $861.0M | 5.66% |
| Jefferies Financial Group Inc. | $731.4M | 4.81% |
| Royal Bank of Canada | $714.3M | 4.70% |
| Loop Capital Holdings, LLC | $213.4M | 1.40% |
Tax Exempt Bond Fund of America Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TFEBX | Class F-3 | 0.28% | none |
| C000114839 | Class R-6 | 0.28% | none |
| TEAFX | Class F-2 | 0.39% | none |
| TLLLX | Class T | 0.55% | — |
| AFTEX | Class A | 0.56% | 3.75% |
| AFTFX | Class F-1 | 0.64% | none |
| TEBCX | Class C | 1.31% | 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.