American Funds Short-Term Tax-Exempt Bd Fd Cl F-1 Shs
FSTTX
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USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- Tax Exempt Money Fund of America DE United States of America
- IPO Date
- Aug 10, 2009
- CIK
- 0000845376
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds Short-Term Tax-Exempt Bond Fund of America Class F-1 (FSTTX), managed by Capital Group Companies, Inc., is a mutual fund that seeks to provide current income exempt from regular federal income tax while preserving capital through investments primarily in short-term municipal securities. The fund normally invests at least 80% of its assets in, or derives at least 80% of its income from, debt obligations exempt from regular federal income tax, including revenue bonds (approximately 82%), general obligation bonds (approximately 6%), and cash equivalents, with a portfolio featuring an effective duration of 2.5 years, average yield to maturity of 3.2%, and holdings in over 548 issuers as of September 30, 2025; it pays regular monthly dividends and distributes capital gains annually in December. Targeted at individual and institutional investors seeking tax-efficient, low-volatility fixed-income exposure within the short municipal debt category, the fund maintains a minimum initial investment of $250, a net expense ratio of 0.62%, and a fiscal year-end of July. Capital Group Companies, Inc., founded in 1931 and headquartered in Los Angeles, California, serves as the investment adviser and underwriter for FSTTX and the broader American Funds lineup, with global operations spanning the Americas, Asia, Australia, and Europe. The fund, launched on August 7, 2009 (Fund Number 439, CUSIP 02630W509), is co-managed by Vikas Malhotra (since 2022) and Mark Marinella (since 2019), who oversee a portfolio turnover of 56% for fiscal 2025 and assets under management of $2,207.5 million as of September 30, 2025. In recent developments, Capital Group has expanded its strategic partnership with KKR, launching the first public-private investment solutions including interval funds focused on credit strategies in April 2025 and further advancing integration into retirement solutions and model portfolios by December 2025, alongside broader efforts to grow fixed income capabilities and international presence. The fund's prospectus was updated effective October 1, 2025, reflecting ongoing portfolio adjustments amid a category Morningstar rating and benchmark tracking against the Bloomberg Municipal Short 1-5 Years Index. These initiatives align with Capital Group's overarching strategy to diversify beyond equities and target $4 trillion in assets by 2031.