CFNLX vs AFTEX

Both AFTEX and CFNLX are mutual funds. AFTEX has a higher 5-year return than CFNLX (1.28% vs 0.99%). AFTEX has a lower expense ratio than CFNLX (0.51% vs 0.57%). Below is the comparison between AFTEX and CFNLX.

AFTEX CFNLX
Security Type Mutual fund Mutual fund
Segment Tax Exempt Fixed Income: Muni National Interm Tax Exempt Fixed Income: Muni National Interm
Family American Funds Commerce
Net Assets $13.10B $399.50M
Expense Ratio 0.51% 0.57%
Management Style active active
Dividend Yield 2.10% 1.62%
Minimum Investment $1,000.00 $3,000.00
YTD Return -10.20% -8.52%
1-Year Return -7.29% -5.62%
3-Year Return -0.40% -0.44%
5-Year Return 1.28% 0.99%
10-Year Return 2.30% 1.62%

AFTEX

AFTEX description

The Fund seeks to provide high current income that is exempt from regular federal income tax by investing in municipal bonds, including lower quality bonds. Will invest at least 80% of assets in tax exempt securities rated A or better. It may invest in 35% of its assets in securities rated Baa or BBB or below.

AFTEX performance & returns

YTD Return -10.20%
1-Month Return -2.48%
3-Month Return -7.29%
1-Year Return -7.29%
3-Year Return -0.40%
5-Year Return 1.28%
10-Year Return 2.30%
AFTEX expense ratio is 0.51%.

AFTEX holdings

Top 10 Holdings (2.54% of Total Assets)

Name Symbol % Assets
TEXAS ST 4% N/A 0.31%
NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4% N/A 0.28%
MASSACHUSETTS ST SPL OBLIG DEDICATED TAX REV 5.5% N/A 0.28%
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% N/A 0.27%
BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5% N/A 0.26%
NATIONAL FIN AUTH N H MUN CTFS 4.12% N/A 0.24%
NEW YORK N Y 4% N/A 0.23%
CALIFORNIA HEALTH FACS FING AUTH REV 5% N/A 0.23%
NEW YORK ST PWR AUTH REV 4% N/A 0.22%
LANSING MICH BRD WTR & LT UTIL SYS REV 5% N/A 0.22%

AFTEX pros

The following are AFTEX strengths from our perspective:

  • AFTEX 5-year return is 1.28%, which is in line with the 5-year return of the benchmark index (Bloomberg Municipal TR USD), 1.31%.
  • AFTEX 10-year return is 2.3%, which is higher than the 10-year return of the benchmark index (Bloomberg Municipal TR USD), 2.25%.
  • AFTEX 15-year return is 3.18%, which is in line with the 15-year return of the benchmark index (Bloomberg Municipal TR USD), 3.42%.

AFTEX cons

The following are AFTEX weaknesses from our perspective:

  • AFTEX 3-year return is -0.4%, which is lower than the 3-year return of the benchmark index (Bloomberg Municipal TR USD), -0.34%.
  • AFTEX expense ratio is 0.51%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 3.75%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.

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CFNLX

CFNLX description

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CFNLX performance & returns

YTD Return -8.52%
1-Month Return -1.21%
3-Month Return -5.62%
1-Year Return -5.62%
3-Year Return -0.44%
5-Year Return 0.99%
10-Year Return 1.62%
CFNLX expense ratio is 0.57%.

CFNLX holdings

Top 10 Holdings (16.80% of Total Assets)

Name Symbol % Assets
State Street Instl US Govt MMkt Premier GVMXX 7.13%
EL PASO TEX 5% N/A 1.39%
Sutter Health 3.7% N/A 1.17%
DU PAGE & WILL CNTYS ILL CMNTY SCH DIST NO 204 2% N/A 1.15%
UNIVERSITY N MEX UNIV REVS 0.11% N/A 1.11%
IOWA FIN AUTH SINGLE FAMILY MTG REV 0.11% N/A 1.11%
CLARK CNTY NEV SCH DIST 5% N/A 1.11%
WILL CNTY ILL CMNTY UNIT SCH DIST NO 365-U VY VIEW 0% N/A 1.05%
PENNSYLVANIA ST TPK COMMN TPK REV 5% N/A 0.83%
BROWARD CNTY FLA ARPT SYS REV 5% N/A 0.75%

CFNLX pros

The following are CFNLX strengths from our perspective:

  • CFNLX 15-year return is 3.09%, which is in line with the 15-year return of the benchmark index (Bloomberg Municipal 3-15 Yr Blend 2-17 TR USD), 3.39%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

CFNLX cons

The following are CFNLX weaknesses from our perspective:

  • CFNLX net assets are $399.50 million. This fund is not a popular choice with retail investors.
  • CFNLX 3-year return is -0.44%, which is lower than the 3-year return of the benchmark index (Bloomberg Municipal 3-15 Yr Blend 2-17 TR USD), -0.12%.
  • CFNLX 5-year return is 0.99%, which is lower than the 5-year return of the benchmark index (Bloomberg Municipal 3-15 Yr Blend 2-17 TR USD), 1.26%.
  • CFNLX 10-year return is 1.62%, which is lower than the 10-year return of the benchmark index (Bloomberg Municipal 3-15 Yr Blend 2-17 TR USD), 2.05%.
  • CFNLX expense ratio is 0.57%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?

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