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

 (MUTF:ASTEX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.01%
   
1 week   +0.02%
   
4 week
   
-0.01%  
3 month   +0.06%
   
YTD   +1.10%
   
1 year   +1.05%
   
3 years*   +1.10%
   
5 years*   +1.52%
   
*annualized
Best 3 month return+1.70%  
Worst 3 month return-0.97%  

Morningstar statistics

Morningstar category: Muni National Short
  Return Risk Rating
3 years Below Average Average
5 years Below Average Average
10 years     -     - -
Overall Below Average Average

Key statistics

Total assets792.31M 
Front load2.50%  
Deferred load-  
Expense ratio0.58%  
Management fee-  
Fund familyAmerican Funds 

Asset allocation

Cash20.28%  
Stocks0.00%  
Bonds79.72%  
Other0.00%  

Purchase information

Initial$250  
Additional$50  
AIP Initial$250  
AIP Additional$50  
10.230.00(0.00%)
Dec 17, 4:00PM EST Overall Morningstar RatingTM

Description

The investment seeks current income exempt from regular federal income tax. 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 the investment to federal alternative minimum tax. It may also invest up to 20% of its assets in securities that may subject the investment to federal alternative minimum tax. The fund invests primarily in municipal bonds rated AA- or better. Its aggregate portfolio will have a dollar-weighted average maturity no greater than three years.
Fund filings (PDF) »
Asset managers:
Neil Langberg (Started: Aug 7, 2009)
Brenda Ellerin (Started: Aug 7, 2009)
Advisor Company:
Capital Research and Management Company
Fund family reports on Morningstar »
American Funds, 4 Embarcadero Center P.O. Box 7650, San Francisco, CA 94120, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* -1.24 0.20 0.33     -
Beta* 0.28 0.21 0.23     -
Mean annual return 0.09 0.10 0.13     -
R-squared* 71.48 74.35 70.19     -
Standard deviation 0.79 0.92 1.02     -
Sharpe ratio 1.27 1.28 1.43     -
* Against standard index

Top 10 holdings