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Morningstar

American Funds Shrt-Term Tx-Exmpt Bd F1 FSTTX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 9.84  /  0.31 %
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 1.89%
  • Effective Duration 2.58 years

USD | NAV as of Nov 29, 2023 | 1-Day Return as of Nov 29, 2023, 11:17 PM GMT+0

Morningstar’s Analysis FSTTX

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

People Pillar

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

American Funds Shrt-Term Tx-Exmpt Bd F1 boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FSTTX

More FSTTX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1173
  • Other Holdings 34
  • % Assets in Top 10 Holdings 6.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

TRIBOROUGH BRDG & TUNL AUTH NY REVS 0%

0.76
16,000,000
municipal

United States Treasury Bills 0%

0.71
14,993,384
Government

BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4%

0.65
13,715,821
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 4%

0.65
13,712,764
municipal

MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV 4%

0.61
12,899,058
municipal

PEFA INC IOWA GAS PROJ REV 5%

0.61
12,752,676
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 4.6%

0.60
12,505,575
municipal

PUBLIC FIN AUTH WIS SOLID WASTE DISP REV 4.125%

0.59
12,423,723
municipal

LOUISIANA HSG CORP SINGLE FAMILY MTG REV 5%

0.50
10,486,763
municipal

STRATEGIC HSG FIN CORP TRAVIS CNTY TEX MULTIFAMILY HSG REV 0.46%

0.49
10,345,555
municipal