14 important things you should know about American Funds ASTEX mutual fund

Updated: June 28, 2020
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Before we start: if you’re looking for ASTEX “stock” price, you can quickly find it out by visiting Finny and typing "ASTEX quote". If you’re looking for a quick scoop on ASTEX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ASTEX". You’ll get all this info in one place.

Are you looking to buy or sell ASTEX? Or perhaps you’re looking for ASTEX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ASTEX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ASTEX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ASTEX buy or sell; the pros and cons of investing in ASTEX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ASTEX.

And here is the list of questions we’ll answer:

  1. Describe American Funds Short-Term Tax-Exempt Bond Fund; Class A Shares (ASTEX).
  2. What are ASTEX holdings?
  3. What is ASTEX performance? What are ASTEX historical returns?
  4. How many up and down years did ASTEX have historically?
  5. What is ASTEX dividend yield?
  6. What is ASTEX minimum initial investment amount?
  7. What is ASTEX expense ratio?
  8. Does ASTEX have any sales loads or 12b-1 distribution expenses?
  9. What is ASTEX tax efficiency (tax-cost ratio)?
  10. What is ASTEX beta? How would you assess ASTEX risk?
  11. What is ASTEX Sharpe ratio?
  12. What is ASTEX Finny Score? ASTEX buy or sell?
  13. What are the pros of investing in ASTEX? What are ASTEX buy reasons?
  14. What are the cons of investing in ASTEX? What are ASTEX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Funds Short-Term Tax-Exempt Bond Fund; Class A Shares (ASTEX).

The Fund seeks to provide current income exempt from regular federal income tax, consistent with its maturity and quality standards, and to preserve capital. Under normal market conditions, the Fund will invest at least 80% of its assets in securities that are exempt from regular federal income tax.

2. What are ASTEX top holdings?

ASTEX has 0 stock holdings and 607 bond holdings.

The top 10 holdings represent 7.01% of total assets. Here are the top holdings:

Name Symbol % Assets
TEXAS ST 4% N/A 0.95%
OHIO ST HOSP FAC REV 1.05% N/A 0.92%
KIRKWOOD MO INDL DEV AUTH RETIREMENT CMNTY REV 8.25% N/A 0.89%
UTAH ST 5% N/A 0.74%
NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% N/A 0.69%
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 4.25% N/A 0.59%
OREGON ST HSG & CMNTY SVCS DEPT HSG DEV REV 2.2% N/A 0.57%
CLARKSVILLE TENN PUB BLDG AUTH REV 1.62% N/A 0.56%
MONTGOMERY CNTY MD REV 1.12% N/A 0.56%
COLORADO HSG & FIN AUTH 4.25% N/A 0.54%

3. What is ASTEX performance? What are ASTEX historical returns?

ASTEX has generated the following returns:

  • 1-month return is 0.20%;
  • 3-month return is 0.21%;
  • 1-year return is 2.51%;
  • 3-year return is 1.71%;
  • 5-year return is 1.33%;
  • 10-year return is 1.35%.

4. How many up and down years did ASTEX have historically?

In the last 10 years, ASTEX had 9 up years and 1 down year.

5. What is ASTEX dividend yield?

ASTEX yield is 1.5%.

6. What is ASTEX minimum initial investment amount?

ASTEX minimum initial investment amount is $1.00K.

7. What is ASTEX expense ratio?

ASTEX expense ratio is 0.59%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does ASTEX have any sales loads or 12b-1 distribution expenses?

ASTEX 12b-1 distribution fee is 0.15. ASTEX front-end sales load is 2.5. ASTEX back-end sales load is 0.

9. What is ASTEX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0%;
  • 3-year ax cost ratio is 0%.

10. What is ASTEX beta? How would you assess ASTEX risk?

  • 3-year beta is 0.26;
  • 5-year beta is 0.27;
  • 10-year beta is 0.25.

11. What is ASTEX Sharpe ratio?

  • 3-year Sharpe ratio is -0.11;
  • 5-year Sharpe ratio is 0.03;
  • 10-year Sharpe ratio is 0.66.

Analysis

12. What is ASTEX Finny Score? ASTEX buy or sell?

ASTEX Finny Score is 33. Our quantitative analysis shows 3 reasons to buy ASTEX and 6 reasons to sell it, resulting in the Finny Score of 33.

13. What are the pros of investing in ASTEX? What are ASTEX buy reasons?

The following are ASTEX strengths from our perspective:

  • ASTEX 3-year Beta is 0.26, which is inversely correlated with the index (BBgBarc Municipal TR USD). The could be good if you're trying to hedge your portfolio.
  • ASTEX 5-year Beta is 0.27, which is inversely correlated with the index (BBgBarc Municipal TR USD). The could be good if you're trying to hedge your portfolio.
  • ASTEX 10-year Beta is 0.25, which is inversely correlated with the index (BBgBarc Municipal TR USD). The could be good if you're trying to hedge your portfolio.

14. What are the cons of investing in ASTEX? What are ASTEX negatives?

The following are ASTEX weaknesses from our perspective:

  • ASTEX net assets are $816.10 million. This fund is not a popular choice with retail investors.
  • ASTEX 3-year return is 1.71%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays Municipal 1-5 Yr TR USD), 1.92%.
  • ASTEX 5-year return is 1.33%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays Municipal 1-5 Yr TR USD), 1.68%.
  • ASTEX 10-year return is 1.35%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays Municipal 1-5 Yr TR USD), 1.73%.
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.15%, while the maximum front-end sales load is 2.5%. 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.
  • ASTEX expense ratio is 0.59%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ASTEX review, we covered ASTEX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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