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 LtdTerm TxEx Bd F1 LTXFX
NAV / 1-Day Return
15.26
/
0.05
%
Total Assets
6.1 Bil
Adj. Expense Ratio
0.590%
Expense Ratio
0.590%
Fee Level
Above Average
Longest Manager Tenure
3.62
years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
High / LimitedMin. Initial Investment
250
Status
Open
TTM Yield
0.82%
Effective Duration
3.02
years
Morningstar’s Fund Analysis LTXFX
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.
Management Change on American Funds Limited Term Tax-Exempt Bond Does Not Affect Ratings
