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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.89

$1.87 B

2.46%

$0.24

0.33%

Vitals

YTD Return

0.1%

1 yr return

2.2%

3 Yr Avg Return

0.0%

5 Yr Avg Return

1.0%

Net Assets

$1.87 B

Holdings in Top 10

6.8%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.33%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.89

$1.87 B

2.46%

$0.24

0.33%

ASTFX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.80%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AMERICAN FUNDS SHORT-TERM TAX-EXEMPT BOND FUND
  • Fund Family Name
    Capital Group Fund Group
  • Inception Date
    Mar 17, 2017
  • Shares Outstanding
    N/A
  • Share Class
    F2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Aaron Applebaum

Fund Description

Under normal circumstances, 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 you to federal alternative minimum tax. The fund may also invest up to 20% of its assets in “private activity bonds” whose interest is generally subject to the federal alternative minimum tax. The fund invests primarily in debt securities rated AA- or better or Aa3 or better by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser, or unrated but determined by the fund’s investment adviser to be of equivalent quality. The fund may also invest in debt securities rated A- or better or A3 or better by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser, or unrated but determined by the fund’s investment adviser to be of equivalent quality. The fund’s aggregate portfolio will have a dollar-weighted average effective maturity no greater than three years.

The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.

The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

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ASTFX - Performance

Return Ranking - Trailing

Period ASTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -2.7% 12.2% 44.32%
1 Yr 2.2% -3.0% 38.5% 83.06%
3 Yr 0.0%* -10.3% 3.3% 15.60%
5 Yr 1.0%* -5.7% 1102.9% 51.66%
10 Yr 1.0%* -0.2% 248.3% 89.55%

* Annualized

Return Ranking - Calendar

Period ASTFX Return Category Return Low Category Return High Rank in Category (%)
2023 1.1% -1.4% 41.0% 93.33%
2022 -4.0% -39.7% 0.3% 5.06%
2021 -1.0% -5.6% 6.9% 73.21%
2020 1.6% -2.6% 310.0% 56.66%
2019 1.6% 0.0% 26.0% 93.69%

Total Return Ranking - Trailing

Period ASTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -2.7% 12.2% 44.32%
1 Yr 2.2% -3.0% 38.5% 83.06%
3 Yr 0.0%* -10.3% 3.3% 15.60%
5 Yr 1.0%* -5.7% 1102.9% 51.66%
10 Yr 1.0%* -0.2% 248.3% 89.55%

* Annualized

Total Return Ranking - Calendar

Period ASTFX Return Category Return Low Category Return High Rank in Category (%)
2023 3.6% -1.3% 41.0% 90.22%
2022 -2.8% -39.7% 1.1% 5.39%
2021 0.0% -4.8% 23761504.0% 88.36%
2020 2.8% -1.5% 17057.9% 78.77%
2019 3.4% 0.2% 3514.6% 90.64%

NAV & Total Return History


ASTFX - Holdings

Concentration Analysis

ASTFX Category Low Category High ASTFX % Rank
Net Assets 1.87 B 3.48 M 68.1 B 17.60%
Number of Holdings 1182 2 12848 7.35%
Net Assets in Top 10 141 M -317 M 3.4 B 31.25%
Weighting of Top 10 6.78% 1.9% 100.4% 92.33%

Top 10 Holdings

  1. TREASURY BILL 0.0% 11-16-23 0.89%
  2. NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE FRN 08-01-41 0.88%
  3. TRIBOROUGH BRIDGE TUNNEL AUTHORITY FRN 01-01-35 0.77%
  4. BLACK BELT ENERGY GAS DISTRICT (MPT) 4.0% 12-01-49 0.66%
  5. BLACK BELT ENERGY GAS DISTRICT (MPT) 4.0% 07-01-52 0.65%
  6. MINNESOTA MUNICIPAL GAS AGENCY (MPT) 4.0% 12-01-52 0.61%
  7. PEFA INC (MPT) 5.0% 09-01-49 0.61%
  8. WASTE MANAGEMENT INC (MPT) 4.125% 10-01-25 0.60%
  9. WASTE MANAGEMENT INC (MPT) 4.6% 10-01-46 0.60%
  10. EXXON MOBIL CORP FRN 11-01-41 0.51%

Asset Allocation

Weighting Return Low Return High ASTFX % Rank
Bonds
99.46% 0.00% 150.86% 23.12%
Cash
0.48% -50.86% 50.09% 78.48%
Other
0.06% -8.54% 33.35% 8.57%
Stocks
0.00% 0.00% 99.80% 22.60%
Preferred Stocks
0.00% 0.00% 0.52% 12.56%
Convertible Bonds
0.00% 0.00% 0.93% 12.61%

Bond Sector Breakdown

Weighting Return Low Return High ASTFX % Rank
Municipal
96.66% 44.39% 100.00% 69.92%
Derivative
0.06% -8.54% 23.38% 4.96%
Cash & Equivalents
0.00% 0.00% 48.02% 61.92%
Securitized
0.00% 0.00% 5.93% 14.23%
Corporate
0.00% 0.00% 9.41% 28.14%
Government
0.00% 0.00% 52.02% 19.28%

Bond Geographic Breakdown

Weighting Return Low Return High ASTFX % Rank
US
99.46% 0.00% 142.23% 21.01%
Non US
0.00% 0.00% 23.89% 20.75%

ASTFX - Expenses

Operational Fees

ASTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.33% 0.01% 20.65% 93.29%
Management Fee 0.20% 0.00% 1.20% 4.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.44% 11.36%

Sales Fees

ASTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

ASTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ASTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 0.00% 283.00% 92.29%

ASTFX - Distributions

Dividend Yield Analysis

ASTFX Category Low Category High ASTFX % Rank
Dividend Yield 2.46% 0.00% 14.36% 74.69%

Dividend Distribution Analysis

ASTFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ASTFX Category Low Category High ASTFX % Rank
Net Income Ratio 0.80% -0.53% 5.33% 91.65%

Capital Gain Distribution Analysis

ASTFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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ASTFX - Fund Manager Analysis

Managers

Aaron Applebaum


Start Date

Tenure

Tenure Rank

Oct 01, 2016

5.67

5.7%

Mr. Applebaum is a fixed income portfolio manager at Capital Group. He also serves on the Fixed Income Investment Committee. He has 19 years of investment experience and has been with Capital Group for 12 years

Mark Marinella


Start Date

Tenure

Tenure Rank

Jan 01, 2019

3.41

3.4%

Mark Marinella is a fixed income portfolio manager at Capital Group. He has 31 years of investment industry experience and has been with Capital Group for four years. Earlier in his career at Capital, he was head of the Investment Resources Group as well as a senior manager in fixed income. Prior to joining Capital, Mark was a global chief investment officer for fixed income and currencies at State Street Global Advisors. He holds an MBA from Boston College and a bachelor’s degree in economics from the University of Massachusetts. He also holds the Chartered Financial Analyst® designation. Mark is based in Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58