Retail Tax Free Obligations Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.0%
1 yr return
3.1%
3 Yr Avg Return
1.5%
5 Yr Avg Return
N/A
Net Assets
$101 M
Holdings in Top 10
34.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FTJXX - Profile
Distributions
- YTD Total Return 1.0%
- 3 Yr Annualized Total Return 1.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.01%
- Dividend Yield 3.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameRetail Tax Free Obligations Fund
-
Fund Family NameFirst American Funds Inc
-
Inception DateSep 18, 2020
-
Shares Outstanding327682914
-
Share ClassT
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
Under normal market conditions, Retail Tax Free Obligations Fund invests at least 80% of its total assets in high-quality, short-term municipal securities that pay interest that is exempt from federal income tax, including the federal alternative minimum tax. The municipal securities in which the fund invests include variable rate demand notes (VRDNs) and tender option bonds (TOBs), which are floating rate instruments that provide the fund with the option to put or tender the VRDN or TOB back to the issuer at par. VRDNs and TOBs typically have some form of external credit or liquidity support. The fund also may invest in other municipal securities, including commercial paper, municipal notes and other short-term municipal obligations.
Municipal securities are issued by state and local governments, and certain U.S. territorial possessions, to finance public infrastructure projects such as streets and highways, schools, water and sewer systems, hospitals, and airports. They also may be issued to refinance outstanding obligations as well as to obtain funds for general operating expenses and for loans to other public institutions and facilities. There are two principal classifications of municipal securities:
● | general obligation bonds, which are backed by the full faith, credit, and taxing power of the issuer; and |
● | revenue bonds, which are payable only from the revenues generated by a specific project or from another specific revenue source. |
Under normal market conditions, up to 20% of the fund’s total assets may be invested in taxable money market securities and municipal securities subject to the alternative minimum tax, although the fund does not currently intend to invest in municipal securities subject to the alternative minimum tax.
Because the fund refers to tax-free investments in its name, it has a fundamental investment policy that it will normally invest its assets so that at least 80% of the income that it distributes will be exempt from federal regular income tax, including the federal alternative minimum tax. This policy may not be changed without shareholder approval.
FTJXX - Performance
Return Ranking - Trailing
Period | FTJXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | 0.5% | 1.8% | 58.14% |
1 Yr | 3.1% | 2.1% | 5.3% | 54.65% |
3 Yr | 1.5%* | 1.0% | 2.6% | 58.97% |
5 Yr | N/A* | 0.6% | 1.9% | N/A |
10 Yr | N/A* | 0.4% | 1.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | FTJXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | 0.0% | 0.0% | 98.84% |
2022 | 0.0% | 0.0% | 0.0% | 100.00% |
2021 | 0.0% | 0.0% | 0.0% | 100.00% |
2020 | N/A | 0.0% | 0.0% | N/A |
2019 | N/A | 0.0% | 0.0% | N/A |
Total Return Ranking - Trailing
Period | FTJXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | 0.5% | 1.8% | 58.14% |
1 Yr | 3.1% | 2.1% | 5.3% | 54.65% |
3 Yr | 1.5%* | 1.0% | 2.6% | 58.97% |
5 Yr | N/A* | 0.6% | 1.9% | N/A |
10 Yr | N/A* | 0.4% | 1.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FTJXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.2% | 2.0% | 5.4% | 40.70% |
2022 | 0.8% | 0.2% | 1.2% | 52.33% |
2021 | 0.0% | 0.0% | 0.3% | 33.33% |
2020 | N/A | 0.0% | 1.3% | N/A |
2019 | N/A | 0.0% | 2.7% | N/A |
NAV & Total Return History
FTJXX - Holdings
Concentration Analysis
FTJXX | Category Low | Category High | FTJXX % Rank | |
---|---|---|---|---|
Net Assets | 101 M | 3.67 M | 19.7 B | 90.70% |
Number of Holdings | 66 | 1 | 921 | 81.40% |
Net Assets in Top 10 | 187 M | 40.6 M | 17.4 B | 60.47% |
Weighting of Top 10 | 34.35% | 9.8% | 100.0% | 40.70% |
Top 10 Holdings
- TEXAS ST 4% 5.04%
- TEXAS ST 4% 4.35%
- CLARK CNTY NEV ARPT REV 0.1% 4.22%
- Texas A&M University 4.16%
- Texas A&M University 4.16%
- Texas A&M University 4.16%
- Texas A&M University 4.16%
- Texas A&M University 4.16%
- Texas A&M University 4.16%
- Texas A&M University 4.16%
Asset Allocation
Weighting | Return Low | Return High | FTJXX % Rank | |
---|---|---|---|---|
Bonds | 79.86% | 0.00% | 99.21% | 67.44% |
Cash | 20.14% | 0.79% | 100.00% | 38.37% |
Stocks | 0.00% | 0.00% | 0.00% | 100.00% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 100.00% |
Other | 0.00% | 0.00% | 0.00% | 100.00% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 100.00% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FTJXX % Rank | |
---|---|---|---|---|
Municipal | 79.86% | 0.00% | 99.21% | 67.44% |
Cash & Equivalents | 20.14% | 0.79% | 100.00% | 38.37% |
Derivative | 0.00% | 0.00% | 0.00% | 100.00% |
Securitized | 0.00% | 0.00% | 0.00% | 100.00% |
Corporate | 0.00% | 0.00% | 0.00% | 100.00% |
Government | 0.00% | 0.00% | 13.45% | 100.00% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FTJXX % Rank | |
---|---|---|---|---|
US | 79.86% | 0.00% | 99.21% | 67.44% |
Non US | 0.00% | 0.00% | 0.00% | 100.00% |
FTJXX - Expenses
Operational Fees
FTJXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.50% | 0.15% | 1.77% | 44.19% |
Management Fee | 0.10% | 0.08% | 0.49% | 18.60% |
12b-1 Fee | N/A | 0.00% | 0.75% | N/A |
Administrative Fee | 0.13% | 0.05% | 0.55% | 75.86% |
Sales Fees
FTJXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
FTJXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FTJXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 0.00% | N/A |
FTJXX - Distributions
Dividend Yield Analysis
FTJXX | Category Low | Category High | FTJXX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.13% | 2.19% | 5.18% | 60.47% |
Dividend Distribution Analysis
FTJXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FTJXX | Category Low | Category High | FTJXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.01% | 0.00% | 0.12% | 90.70% |
Capital Gain Distribution Analysis
FTJXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.003 | OrdinaryDividend |
Mar 01, 2024 | $0.002 | OrdinaryDividend |
Feb 01, 2024 | $0.002 | OrdinaryDividend |
Dec 29, 2023 | $0.003 | OrdinaryDividend |
Nov 30, 2023 | $0.003 | OrdinaryDividend |
Oct 31, 2023 | $0.003 | OrdinaryDividend |
Sep 29, 2023 | $0.003 | OrdinaryDividend |
Aug 31, 2023 | $0.003 | OrdinaryDividend |
Jul 31, 2023 | $0.002 | OrdinaryDividend |
Jun 30, 2023 | $0.003 | OrdinaryDividend |
May 31, 2023 | $0.002 | OrdinaryDividend |
Apr 28, 2023 | $0.002 | OrdinaryDividend |
Mar 31, 2023 | $0.002 | OrdinaryDividend |
Feb 28, 2023 | $0.002 | OrdinaryDividend |
Jan 31, 2023 | $0.002 | OrdinaryDividend |
Dec 30, 2022 | $0.002 | OrdinaryDividend |
Dec 01, 2022 | $0.001 | OrdinaryDividend |
Nov 30, 2022 | $0.001 | OrdinaryDividend |
Nov 01, 2022 | $0.002 | OrdinaryDividend |
Oct 03, 2022 | $0.001 | OrdinaryDividend |
Sep 01, 2022 | $0.001 | OrdinaryDividend |
Aug 01, 2022 | $0.000 | OrdinaryDividend |
Jul 01, 2022 | $0.000 | OrdinaryDividend |
Jun 01, 2022 | $0.000 | OrdinaryDividend |
May 02, 2022 | $0.000 | OrdinaryDividend |
Feb 26, 2021 | $0.000 | OrdinaryDividend |
Jan 29, 2021 | $0.000 | OrdinaryDividend |