LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.6%
1 yr return
2.0%
3 Yr Avg Return
-0.5%
5 Yr Avg Return
1.0%
Net Assets
$5.57 B
Holdings in Top 10
5.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.24%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 43.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
$25
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FLTEX - Profile
Distributions
- YTD Total Return -0.6%
- 3 Yr Annualized Total Return -0.5%
- 5 Yr Annualized Total Return 1.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.27%
- Dividend Yield 2.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameLIMITED TERM TAX EXEMPT BOND FUND OF AMERICA
-
Fund Family NameCapital Group Fund Group
-
Inception DateMay 11, 2012
-
Shares OutstandingN/A
-
Share ClassF3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAaron Applebaum
Fund Description
Under normal circumstances, 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 you to federal alternative minimum tax. The fund may also invest up to 20% of its assets in “private activity bonds” whose interest is generally subject to the federal alternative minimum tax.
The fund invests primarily in debt securities rated A- or better or A3 or better by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser, or unrated but determined by the fund’s investment adviser to be of equivalent quality. The fund may also invest in debt securities rated BBB and Baa by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser, 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 one and 10 years. In calculating the effective maturity or average life of a particular debt security, a put, call, sinking fund or other feature will be considered to the extent it results in a security whose market characteristics indicate an effective maturity or average life that is shorter than its nominal or stated maturity. The investment adviser will consider the impact on effective maturity of potential changes in the financial condition of issuers and in market interest rates in making investment selections for the fund.
The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.
The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
FLTEX - Performance
Return Ranking - Trailing
Period | FLTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -4.9% | 10.7% | 27.00% |
1 Yr | 2.0% | -4.9% | 35.1% | 64.03% |
3 Yr | -0.5%* | -11.4% | 2.6% | 15.85% |
5 Yr | 1.0%* | -6.2% | 1101.7% | 27.75% |
10 Yr | N/A* | -0.5% | 248.1% | 72.83% |
* Annualized
Return Ranking - Calendar
Period | FLTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.0% | -1.4% | 41.0% | 74.17% |
2022 | -5.9% | -39.7% | 0.3% | 11.81% |
2021 | -1.2% | -5.6% | 6.9% | 83.86% |
2020 | 2.0% | -2.6% | 310.0% | 35.78% |
2019 | 2.4% | 0.0% | 26.0% | 86.07% |
Total Return Ranking - Trailing
Period | FLTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -4.9% | 10.7% | 27.00% |
1 Yr | 2.0% | -4.9% | 35.1% | 64.03% |
3 Yr | -0.5%* | -11.4% | 2.6% | 15.85% |
5 Yr | 1.0%* | -6.2% | 1101.7% | 27.75% |
10 Yr | N/A* | -0.5% | 248.1% | 69.37% |
* Annualized
Total Return Ranking - Calendar
Period | FLTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.5% | -1.3% | 41.0% | 73.72% |
2022 | -4.4% | -39.7% | 1.1% | 11.28% |
2021 | 0.6% | -4.8% | 23761504.0% | 74.17% |
2020 | 3.9% | -1.5% | 17057.9% | 44.06% |
2019 | 5.2% | 0.2% | 3514.6% | 77.23% |
NAV & Total Return History
FLTEX - Holdings
Concentration Analysis
FLTEX | Category Low | Category High | FLTEX % Rank | |
---|---|---|---|---|
Net Assets | 5.57 B | 3.22 M | 71.9 B | 5.12% |
Number of Holdings | 1990 | 2 | 13067 | 3.24% |
Net Assets in Top 10 | 352 M | -317 M | 3.4 B | 9.26% |
Weighting of Top 10 | 5.60% | 2.0% | 100.4% | 96.96% |
Top 10 Holdings
- MAIN STREET NATURAL GAS INC (MPT) 5.0% 09-01-53 0.67%
- EXXON MOBIL CORP FRN 08-01-35 0.66%
- CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 07-01-53 0.64%
- BLACK BELT ENERGY GAS DISTRICT (MPT) 4.0% 04-01-53 0.64%
- TREASURY BILL 0.0% 03-05-24 0.57%
- CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 4.0% 02-01-52 0.53%
- CITY OF LOS ANGELES CA 5.0% 06-27-24 0.48%
- CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 05-01-54 0.48%
- TRIBOROUGH BRIDGE TUNNEL AUTHORITY FRN 01-01-35 0.47%
- CITY COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE 5.0% 11-15-33 0.45%
Asset Allocation
Weighting | Return Low | Return High | FLTEX % Rank | |
---|---|---|---|---|
Bonds | 100.59% | 0.00% | 150.86% | 8.60% |
Other | 0.02% | -3.18% | 33.35% | 9.77% |
Stocks | 0.00% | 0.00% | 99.81% | 76.91% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 74.11% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 74.01% |
Cash | 0.00% | -50.86% | 50.09% | 95.53% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FLTEX % Rank | |
---|---|---|---|---|
Municipal | 95.42% | 44.39% | 100.00% | 78.88% |
Derivative | 0.02% | -3.18% | 23.38% | 5.76% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 88.22% |
Securitized | 0.00% | 0.00% | 5.93% | 74.07% |
Corporate | 0.00% | 0.00% | 9.41% | 77.19% |
Government | 0.00% | 0.00% | 52.02% | 76.93% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FLTEX % Rank | |
---|---|---|---|---|
US | 100.59% | 0.00% | 142.23% | 7.90% |
Non US | 0.00% | 0.00% | 23.89% | 77.67% |
FLTEX - Expenses
Operational Fees
FLTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.24% | 0.01% | 20.65% | 96.69% |
Management Fee | 0.20% | 0.00% | 1.20% | 6.47% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.05% | 0.01% | 0.44% | 16.63% |
Sales Fees
FLTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
FLTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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 | 43.00% | 0.00% | 283.00% | 90.36% |
FLTEX - Distributions
Dividend Yield Analysis
FLTEX | Category Low | Category High | FLTEX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.64% | 0.00% | 14.56% | 72.32% |
Dividend Distribution Analysis
FLTEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
FLTEX | Category Low | Category High | FLTEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.27% | -0.53% | 5.33% | 80.16% |
Capital Gain Distribution Analysis
FLTEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.033 | OrdinaryDividend |
Mar 01, 2024 | $0.031 | DailyAccrualFund |
Feb 01, 2024 | $0.032 | DailyAccrualFund |
Jan 02, 2024 | $0.032 | DailyAccrualFund |
Dec 01, 2023 | $0.030 | DailyAccrualFund |
Nov 01, 2023 | $0.031 | DailyAccrualFund |
Oct 02, 2023 | $0.030 | DailyAccrualFund |
Sep 01, 2023 | $0.031 | DailyAccrualFund |
Aug 01, 2023 | $0.030 | DailyAccrualFund |
Jul 03, 2023 | $0.028 | DailyAccrualFund |
Jun 01, 2023 | $0.028 | DailyAccrualFund |
May 01, 2023 | $0.027 | DailyAccrualFund |
Apr 03, 2023 | $0.027 | DailyAccrualFund |
Mar 01, 2023 | $0.025 | DailyAccrualFund |
Feb 01, 2023 | $0.025 | DailyAccrualFund |
Jan 03, 2023 | $0.027 | DailyAccrualFund |
Dec 01, 2022 | $0.023 | DailyAccrualFund |
Nov 01, 2022 | $0.024 | DailyAccrualFund |
Oct 03, 2022 | $0.021 | DailyAccrualFund |
Sep 01, 2022 | $0.021 | DailyAccrualFund |
Aug 01, 2022 | $0.019 | DailyAccrualFund |
Jul 01, 2022 | $0.017 | DailyAccrualFund |
Jun 01, 2022 | $0.018 | DailyAccrualFund |
May 02, 2022 | $0.016 | DailyAccrualFund |
Apr 01, 2022 | $0.016 | DailyAccrualFund |
Mar 01, 2022 | $0.014 | DailyAccrualFund |
Feb 01, 2022 | $0.015 | DailyAccrualFund |
Jan 03, 2022 | $0.015 | DailyAccrualFund |
Dec 01, 2021 | $0.014 | DailyAccrualFund |
Nov 01, 2021 | $0.015 | DailyAccrualFund |
Oct 01, 2021 | $0.014 | DailyAccrualFund |
Sep 01, 2021 | $0.015 | DailyAccrualFund |
Aug 02, 2021 | $0.015 | DailyAccrualFund |
Jul 01, 2021 | $0.014 | DailyAccrualFund |
Jun 01, 2021 | $0.016 | DailyAccrualFund |
May 03, 2021 | $0.015 | DailyAccrualFund |
Apr 01, 2021 | $0.017 | DailyAccrualFund |
Mar 01, 2021 | $0.016 | DailyAccrualFund |
Feb 01, 2021 | $0.019 | DailyAccrualFund |
Jan 04, 2021 | $0.114 | DailyAccrualFund |
Dec 01, 2020 | $0.020 | DailyAccrualFund |
Nov 02, 2020 | $0.020 | DailyAccrualFund |
Oct 01, 2020 | $0.021 | DailyAccrualFund |
Sep 01, 2020 | $0.019 | DailyAccrualFund |
Aug 03, 2020 | $0.022 | DailyAccrualFund |
Jul 01, 2020 | $0.022 | DailyAccrualFund |
Jun 01, 2020 | $0.025 | DailyAccrualFund |
May 01, 2020 | $0.024 | DailyAccrualFund |
Apr 01, 2020 | $0.028 | DailyAccrualFund |
Mar 02, 2020 | $0.024 | DailyAccrualFund |
Feb 03, 2020 | $0.026 | DailyAccrualFund |
Dec 02, 2019 | $0.027 | DailyAccrualFund |
Nov 01, 2019 | $0.028 | DailyAccrualFund |
Oct 01, 2019 | $0.027 | DailyAccrualFund |
Sep 03, 2019 | $0.029 | DailyAccrualFund |
Aug 01, 2019 | $0.029 | DailyAccrualFund |
Jul 01, 2019 | $0.029 | OrdinaryDividend |
Jun 03, 2019 | $0.030 | DailyAccrualFund |
May 01, 2019 | $0.030 | DailyAccrualFund |
Apr 01, 2019 | $0.030 | DailyAccrualFund |
Mar 01, 2019 | $0.027 | DailyAccrualFund |
Feb 01, 2019 | $0.031 | DailyAccrualFund |
Jan 02, 2019 | $0.031 | DailyAccrualFund |
Dec 03, 2018 | $0.030 | DailyAccrualFund |
Nov 01, 2018 | $0.030 | DailyAccrualFund |
Sep 04, 2018 | $0.030 | DailyAccrualFund |
Aug 01, 2018 | $0.030 | DailyAccrualFund |
Jul 02, 2018 | $0.030 | DailyAccrualFund |
Jun 01, 2018 | $0.031 | DailyAccrualFund |
May 01, 2018 | $0.030 | DailyAccrualFund |
Apr 02, 2018 | $0.031 | DailyAccrualFund |
Mar 01, 2018 | $0.027 | DailyAccrualFund |
Feb 01, 2018 | $0.031 | DailyAccrualFund |
Jan 02, 2018 | $0.030 | DailyAccrualFund |
Dec 01, 2017 | $0.029 | DailyAccrualFund |
Nov 01, 2017 | $0.030 | DailyAccrualFund |
Oct 02, 2017 | $0.029 | DailyAccrualFund |
Sep 01, 2017 | $0.030 | DailyAccrualFund |
Aug 01, 2017 | $0.031 | DailyAccrualFund |
Jul 03, 2017 | $0.030 | DailyAccrualFund |
Jun 01, 2017 | $0.032 | DailyAccrualFund |
May 01, 2017 | $0.031 | DailyAccrualFund |
Apr 03, 2017 | $0.032 | DailyAccrualFund |
Mar 01, 2017 | $0.029 | DailyAccrualFund |
FLTEX - Fund Manager Analysis
Managers
Aaron Applebaum
Start Date
Tenure
Tenure Rank
Oct 01, 2014
7.67
7.7%
Mr. Applebaum is a fixed income portfolio manager at Capital Group. He also serves on the Fixed Income Investment Committee. He has 19 years of investment experience and has been with Capital Group for 12 years
Mark Marinella
Start Date
Tenure
Tenure Rank
Jan 01, 2019
3.41
3.4%
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 |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |