FLTEX: American Funds Limited Term Tx-Ex B F3

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FLTEX American Funds Limited Term Tx-Ex B F3


Profile

FLTEX - Profile

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return N/A
  • Net Assets $4.28 B
  • Holdings in Top 10 5.6%

52 WEEK LOW AND HIGH

$16.04
$15.61
$16.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.30%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 42.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA $25

Fund Classification


Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.29%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Funds Limited Term Tax-Exempt Bond Fund®
  • Fund Family Name
    American Funds
  • Inception Date
    Jan 27, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Aaron Applebaum

Fund Description

The fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax and that do not subject the investors to federal alternative minimum tax. It invests primarily in debt securities rated A- or better or A3 or better, or unrated but determined by the fund's investment adviser to be of equivalent quality. The dollar-weighted average effective maturity of the fund's portfolio is between three and 10 years.


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Categories

Performance

FLTEX - Performance

Return Ranking - Trailing

Period FLTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -1.5% 8.9% 75.13%
1 Yr 2.7% -2.3% 23.6% 77.88%
3 Yr 0.8%* -2.8% 5.8% 68.75%
5 Yr N/A* -2.7% 12.4% 20.57%
10 Yr N/A* -5.1% 3.9% 23.08%

* Annualized

Return Ranking - Calendar

Period FLTEX Return Category Return Low Category Return High Rank in Category (%)
2019 2.4% -1.7% 18.3% 78.39%
2018 -1.0% -11.7% 4.6% 15.13%
2017 N/A -4.4% 8.3% N/A
2016 N/A -7.8% 7.7% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period FLTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -1.5% 8.9% 75.13%
1 Yr 2.7% -2.3% 23.6% 77.88%
3 Yr 0.8%* -2.8% 7.9% 74.38%
5 Yr N/A* -2.7% 12.4% 22.70%
10 Yr N/A* -1.4% 7.1% 24.79%

* Annualized

Total Return Ranking - Calendar

Period FLTEX Return Category Return Low Category Return High Rank in Category (%)
2019 2.4% -1.7% 18.3% 78.46%
2018 -1.0% -11.7% 6.5% 21.93%
2017 N/A -4.4% 10.4% N/A
2016 N/A -7.8% 10.7% N/A
2015 N/A -12.6% 4.2% N/A

NAV & Total Return History


Holdings

FLTEX - Holdings

Concentration Analysis

FLTEX Category Low Category High FLTEX % Rank
Net Assets 4.28 B 690 K 259 B 16.77%
Number of Holdings 1307 1 17668 11.27%
Net Assets in Top 10 252 M -216 M 21.4 B 32.62%
Weighting of Top 10 5.62% 2.5% 100.0% 97.71%

Top 10 Holdings

  1. SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH HOSP REV 1.62% 1.07%
  2. EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 0.94% 0.86%
  3. OHIO ST HOSP FAC REV 1.6% 0.53%
  4. EAST BATON ROUGE PARISH LA POLLUTION CTL REV 1.59% 0.52%
  5. PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 1.35% 0.49%
  6. ILLINOIS ST 5% 0.47%
  7. WISCONSIN HSG & ECONOMIC DEV AUTH HOME OWNERSHIP REV 4.25% 0.44%
  8. GREATER ORLANDO AVIATION AUTH ORLANDO FLA ARPT FACS REV 5% 0.42%
  9. MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 4.25% 0.41%
  10. DENVER COLO CITY & CNTY ARPT REV 5% 0.41%

Asset Allocation

Weighting Return Low Return High FLTEX % Rank
Bonds
97.79% 80.02% 159.74% 42.92%
Cash
2.21% -59.74% 19.63% 47.21%
Stocks
0.00% -0.98% 25.43% 96.46%
Preferred Stocks
0.00% 0.00% 7.43% 98.32%
Other
0.00% -8.60% 31.85% 94.17%
Convertible Bonds
0.00% 0.00% 7.23% 99.46%

Bond Sector Breakdown

Weighting Return Low Return High FLTEX % Rank
Municipal
97.79% 0.00% 100.11% 28.54%
Cash & Equivalents
2.21% -29.57% 21.18% 54.01%
Derivative
0.00% -0.83% 22.35% 98.32%
Securitized
0.00% 0.00% 98.40% 99.50%
Corporate
0.00% 0.00% 99.62% 99.64%
Government
0.00% -2.21% 122.41% 99.36%

Bond Geographic Breakdown

Weighting Return Low Return High FLTEX % Rank
US
97.59% 58.28% 156.78% 28.90%
Non US
0.20% -12.34% 26.76% 77.61%

Expenses

FLTEX - Expenses

Operational Fees

FLTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.01% 38.00% 94.67%
Management Fee 0.23% 0.00% 1.10% 11.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.00% 0.50% 28.36%

Sales Fees

FLTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FLTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

FLTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.00% 0.00% 489.00% 50.26%

Distributions

FLTEX - Distributions

Dividend Yield Analysis

FLTEX Category Low Category High FLTEX % Rank
Dividend Yield 0.91% 0.00% 3.18% 15.84%

Dividend Distribution Analysis

FLTEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FLTEX Category Low Category High FLTEX % Rank
Net Income Ratio 2.29% 0.00% 6.30% 66.34%

Capital Gain Distribution Analysis

FLTEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

FLTEX - Fund Manager Analysis

Managers

Aaron Applebaum


Start Date

Tenure

Tenure Rank

Oct 01, 2014

5.34

5.3%

Mark Marinella


Start Date

Tenure

Tenure Rank

Jan 01, 2019

1.08

1.1%

Mark Marinella is a fixed income portfolio manager at Capital Group. He has 31 years of investment industry experience and has been with Capital Group for four years. Earlier in his career at Capital, he was head of the Investment Resources Group as well as a senior manager in fixed income. Prior to joining Capital, Mark was a global chief investment officer for fixed income and currencies at State Street Global Advisors. He holds an MBA from Boston College and a bachelor’s degree in economics from the University of Massachusetts. He also holds the Chartered Financial Analyst® designation. Mark is based in Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.42 0.08