ASTEX : American Funds Short-Term Tax-Exempt Bond Fund® Class A

ASTEX is a Bond Market Municipal Bond with MODERATE fees.

ASTEX

American Funds Short-Term Tax-Exempt Bond Fund® Class A

FI Score

63 /100

Expense Ratio Rating

8 /10

Expense Rating

4 /10

Market Score

6 /10

Category Score

8 /10

Market Size

6 /10

63% FI Score
  • astex
  • Mutual Fund
  • Bond
  • Municipal Bond

American Funds Short-Term Tax-Exempt Bond Fund® Class A

Expenses: 0.58% (Better than 1% of similar funds)

This is an OK choice for a Municipal Bond Bond fund. See why »

Fund Summary

The investment seeks current income exempt from regular federal income tax, consistent with the maturity and quality standards, and to preserve capital. The fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax and that do not subject the investors to federal alternative minimum tax. The fund invests primarily in debt securities rated AA- or better or Aa3 or better, or unrated but determined by the fund's investment adviser to be of equivalent quality. Its aggregate portfolio will have a dollar-weighted average effective maturity no greater than three years.

Largest Holdings

Amount Holding
0.92% OHIO ST HOSP FAC REV 1.05%
0.89% KIRKWOOD MO INDL DEV AUTH RETIREMENT CMNTY REV 8.25%
0.74% UTAH ST 5%
0.69% NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%
0.59% MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 4.25%
0.57% OREGON ST HSG & CMNTY SVCS DEPT HSG DEV REV 2.2%
0.56% CLARKSVILLE TENN PUB BLDG AUTH REV 1.62%
0.56% MONTGOMERY CNTY MD REV 1.12%
0.54% COLORADO HSG & FIN AUTH 4.25%
0.54% NEVADA HSG DIV SINGLE FAMILY MTG REV 1.2%
0.53% PROSPER TEX INDPT SCH DIST 2%
0.52% EAST POINT GA HSG AUTH MULTIFAMILY REV 2.25%
0.52% NORTH CAROLINA ST 5%
0.50% METROPOLITAN TRANSN AUTH N Y REV 5.29%
0.49% CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES & USE TAX REV 5.16%
0.49% FLORIDA ST TPK AUTH TPK REV 5%
0.49% NEW JERSEY ST HSG & MTG FIN AGY REV 4.5%
0.48% PUBLIC FIN AUTH WIS SOLID WASTE DISP REV 1.45%
0.48% DALLAS TEX HSG FIN CORP MULTI- FAMILY HSG REV 1.5%
0.48% HARRIS CNTY TEX 1.45%
0.46% ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV 5.71%
0.45% HOUSTON TEX UTIL SYS REV 1.01%
0.45% GEORGIA ST 5%
0.45% INDIANAPOLIS IND LOC PUB IMPT BD BK 5%
0.45% BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4%

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