American Funds Short-Term Tax Exempt Bond Fund®

Scorecard
3 / 5 Stars
Lipper
3 3 5 1 5
Zacks Investment Research
2 (Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
C+ (Hold)

U.S. News evaluated 48 Muni National Short Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 0.36 percent over the past year, and 1.52 percent over the past three years.

Trailing Returns Updated 02.28.2014
Year to date 0.6%
1 Year 0.4%
3 Years (Annualized) 1.5%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

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.

Fees

Fees are Above Average compared to funds in the same category.
American Funds Short-Term Tax Exempt Bond Fund® has an expense ratio of 0.84 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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