The comanagers running American Funds Limited Term Tax-Exempt Bond are skilled and supported by a solid analyst team following a sensible, research-based approach to build the portfolio. The cheapest share classes earn a Morningstar Analyst Rating of Bronze; its more-expensive shares earn Neutral and Negative.
American Funds LtdTerm TxEx Bd F1 LTXFX
NAV / 1-Day Return
16.12
/
0.06
%
Total Assets
5.8 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.
0.630%
Expense Ratio
0.630%
Fee Level
High
Longest Manager Tenure
6.43
years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
250
Status
Open
TTM Yield
1.22%
Effective Duration
3.53
years
Premium
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 LTXFX 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 LTXFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LTXFX 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 LTXFX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Building a solid record.
