Morningstar

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

Morningstar Medalist Rating
Medalist Rating as of | See Capital Group Investment Hub
  • NAV / 1-Day Return 10.04  /  −0.10 %
  • Total Assets 2.3B
  • Adj. Expense Ratio
    0.430%
  • Expense Ratio 0.440%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.73%
  • Effective Duration 2.31 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 10:53 PM GMT+0

Morningstar’s Analysis ASTEX

Will ASTEX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ASTEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ASTEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ASTEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

American Funds Shrt-Term Tx-Exmpt Bd A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings ASTEX

More ASTEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

METROPOLITAN TRANSN AUTH N Y REV 3.05%

0.83 20M
municipal

PEFA INC IOWA GAS PROJ REV 5%

0.78 18M
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 4.6%

0.74 18M
municipal

OHIO ST HOSP REV 5%

0.72 17M
municipal

UNIVERSITY HOUSTON TEX UNIV REVS 5%

0.71 17M
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5%

0.69 16M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4%

0.57 14M
municipal

MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 3.05%

0.57 13M
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 5%

0.55 13M
municipal

ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV 5%

0.53 13M
municipal

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