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Morningstar

American Funds Shrt-Term Tx-Exmpt Bd F2 ASTFX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 9.65  /  0.01 %
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
    0.320%
  • Expense Ratio 0.320%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.11%
  • Effective Duration 2.50 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:12 PM GMT+0

Morningstar’s Analysis ASTFX

Will ASTFX outperform in 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 ASTFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ASTFX 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 ASTFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin American Funds Shrt-Term Tx-Exmpt Bd F2's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ASTFX

More ASTFX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1192
  • Other Holdings 35
  • % Assets in Top 10 Holdings 6.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MICHIGAN ST STRATEGIC FD LTD OBLIG REV 3.6%

1.29
29,160,000
municipal

TRIBOROUGH BRDG & TUNL AUTH NY REVS 3.65%

0.71
16,000,000
municipal

MONTGOMERY CNTY MD 3.6%

0.61
13,700,000
municipal

PEFA INC IOWA GAS PROJ REV 5%

0.58
13,034,386
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 4%

0.57
12,892,227
municipal

INDIANA ST FIN AUTH REV 5%

0.54
12,070,000
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4%

0.50
11,261,857
municipal

CALIFORNIA POLLUTN CTL FING AUTH SOLID WASTE DISP REV 3.7%

0.49
10,954,343
municipal

LOUISIANA HSG CORP SINGLE FAMILY MTG REV 5%

0.48
10,880,268
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25%

0.46
10,468,063
municipal