TAFSX Fees and Costs — American Funds Short-Term Tax-Exempt Bond Fund, Class T
Data updated: 2026-10-14
The net expense ratio is 0.53%: a 0.20% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 2.50%. Portfolio turnover was 53%.
TAFSX Fees and Expenses
Annual operating expenses and sales charges of TAFSX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.54% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.53% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
TAFSX Costs Over Time
On $10,000 invested in TAFSX, assuming 5% a year before costs, total costs come to $645 over 5 years, cutting the return by 1.08% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $250 | $250 | $250 |
| Fund expenses (net expense ratio 0.53%) | $54 | $170 | $296 |
| Lost growth on money paid in costs | $13 | $48 | $99 |
| Total costs | $317 | $468 | $645 |
| Value after costs | $10,183 | $11,108 | $12,117 |
| Impact on return, per year | 3.17% | 1.43% | 1.08% |
TAFSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 53%
TAFSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America Corporation | $1.2B | 36.39% |
| JPMorgan Chase & Co. | $560.8M | 17.53% |
| Barclays PLC | $539.7M | 16.87% |
| Wells Fargo & Company | $227.3M | 7.11% |
| Royal Bank of Canada | $203.9M | 6.38% |
| Morgan Stanley | $175.0M | 5.47% |
| The Goldman Sachs Group, Inc. | $122.6M | 3.83% |
| Stifel Financial Corp. | $81.7M | 2.56% |
| Jefferies Financial Group Inc. | $79.3M | 2.48% |
| First Horizon Corp. | $44.2M | 1.38% |
American Funds Short-Term Tax-Exempt Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SFTEX | Class F-3 | 0.24% | none |
| C000186457 | Class R-6 | 0.24% | none |
| ASTFX | Class F-2 | 0.31% | none |
| ASTEX | Class A | 0.43% | 2.50% |
| TAFSX | Class T | 0.53% | 2.50% |
| FSTTX | Class F-1 | 0.62% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.