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Morningstar

American Funds Ltd-Term Tx-Ex Bd A LTEBX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 14.80  /  0.32 %
  • Total Assets 5.7 Bil
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 0.560%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 1.76%
  • Effective Duration 3.50 years

USD | NAV as of Sep 25, 2023 | 1-Day Return as of Sep 25, 2023, 10:12 PM GMT+0

Morningstar’s Analysis LTEBX

Will LTEBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LTEBX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LTEBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of LTEBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Remains in good hands.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

American Funds Limited Term Tax-Exempt Bond’s capable, if still fairly new, managers and sizable bench follow an effective, research-based approach. Its cheapest share classes earn a Morningstar Analyst Rating of Bronze, and the rest Neutral and Negative, depending on their respective fees.

by Elizabeth Foos
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings LTEBX

More LTEBX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 2111
  • Other Holdings 26
  • % Assets in Top 10 Holdings 5.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.62
41,562,281
municipal

UNIVERSITY CALIF REVS 2.95%

0.59
40,000,000
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4%

0.59
39,552,720
municipal

DENVER COLO CITY & CNTY ARPT REV 5%

0.58
39,148,305
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.56
37,885,608
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

0.46
31,324,028
municipal

LOS ANGELES CALIF 5%

0.45
30,500,400
municipal

MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 3.65%

0.45
30,500,000
municipal

CAPITAL AREA HSG FIN CORP TEX MULTI-FAMILY HSG REV 0.41%

0.44
29,951,891
municipal

NEW YORK N Y 0%

0.44
29,900,000
municipal