Capital Group announced that portfolio manager Aaron Applebaum will retire from the firm effective July 1, 2022. Applebaum, who joined Capital group in 2008, is a named manager on American Funds Short-Term Tax-Exempt Bond ASTEX and American Funds Limited Term Tax-Exempt Bond Fund of America, and he will transition out of the strategies at that time. Portfolio manager Mark Marinella, who has been named on these strategies since 2019, will remain and serve as the Principal Investment Officer for both. He has 34 years of investment industry experience and has been with Capital Group since 2016.
American Funds Ltd-Term Tx-Ex Bd C LTXCX
NAV / 1-Day Return
15.05
/
0.07
%
Total Assets
6.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.260%
Expense Ratio
1.260%
Fee Level
Below Average
Longest Manager Tenure
7.74
years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
High / LimitedMin. Initial Investment
250
Status
Open
TTM Yield
0.09%
Effective Duration
3.15
years
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will LTXCX 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 LTXCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LTXCX 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 LTXCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Management Change on American Funds Limited Term Tax-Exempt Bond Does Not Affect Ratings
