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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.26

$5.62 B

2.06%

$0.31

0.62%

Vitals

YTD Return

-0.1%

1 yr return

2.3%

3 Yr Avg Return

-0.5%

5 Yr Avg Return

0.9%

Net Assets

$5.62 B

Holdings in Top 10

5.4%

52 WEEK LOW AND HIGH

$15.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.62%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 43.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.26

$5.62 B

2.06%

$0.31

0.62%

LTXFX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.97%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA
  • Fund Family Name
    Capital Group Fund Group
  • Inception Date
    May 11, 2012
  • Shares Outstanding
    N/A
  • Share Class
    F1
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Aaron 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.

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LTXFX - Performance

Return Ranking - Trailing

Period LTXFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -2.4% 12.5% 61.30%
1 Yr 2.3% -2.6% 37.8% 82.16%
3 Yr -0.5%* -10.1% 3.1% 39.26%
5 Yr 0.9%* -5.6% 1103.2% 56.51%
10 Yr 1.3%* -0.2% 248.4% 77.75%

* Annualized

Return Ranking - Calendar

Period LTXFX Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -1.4% 41.0% 73.83%
2022 -5.9% -39.7% 0.3% 11.76%
2021 -1.2% -5.6% 6.9% 83.66%
2020 2.0% -2.6% 310.0% 35.56%
2019 2.4% 0.0% 26.0% 85.99%

Total Return Ranking - Trailing

Period LTXFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -2.4% 12.5% 61.30%
1 Yr 2.3% -2.6% 37.8% 82.16%
3 Yr -0.5%* -10.1% 3.1% 39.26%
5 Yr 0.9%* -5.6% 1103.2% 56.51%
10 Yr 1.3%* -0.2% 248.4% 77.75%

* Annualized

Total Return Ranking - Calendar

Period LTXFX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -1.3% 41.0% 81.48%
2022 -4.8% -39.7% 1.1% 12.75%
2021 0.2% -4.8% 23761504.0% 82.80%
2020 3.8% -1.5% 17057.9% 48.61%
2019 4.6% 0.2% 3514.6% 82.80%

NAV & Total Return History


LTXFX - Holdings

Concentration Analysis

LTXFX Category Low Category High LTXFX % Rank
Net Assets 5.62 B 3.48 M 68.1 B 4.84%
Number of Holdings 2055 2 12848 3.16%
Net Assets in Top 10 337 M -317 M 3.4 B 9.79%
Weighting of Top 10 5.42% 1.9% 100.4% 97.61%

Top 10 Holdings

  1. MAIN STREET NATURAL GAS INC (MPT) 5.0% 09-01-53 0.63%
  2. BLACK BELT ENERGY GAS DISTRICT (MPT) 4.0% 04-01-53 0.62%
  3. CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 07-01-53 0.61%
  4. EXXON MOBIL CORP FRN 11-01-41 0.58%
  5. REPUBLIC SERVICES INC (MPT) 4.9% 12-01-35 0.58%
  6. TRIBOROUGH BRIDGE TUNNEL AUTHORITY FRN 01-01-35 0.51%
  7. CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 4.0% 02-01-52 0.49%
  8. LDG REDWOOD LP (MPT) 0.41% 01-01-41 0.49%
  9. CITY OF LOS ANGELES CA 5.0% 06-27-24 0.49%
  10. MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 5.5% 06-01-53 0.43%

Asset Allocation

Weighting Return Low Return High LTXFX % Rank
Bonds
98.75% 0.00% 150.86% 47.26%
Cash
1.15% -50.86% 50.09% 52.32%
Other
0.10% -8.54% 33.35% 7.86%
Stocks
0.00% 0.00% 99.80% 60.91%
Preferred Stocks
0.00% 0.00% 0.52% 79.51%
Convertible Bonds
0.00% 0.00% 0.93% 79.50%

Bond Sector Breakdown

Weighting Return Low Return High LTXFX % Rank
Municipal
95.42% 44.39% 100.00% 78.85%
Derivative
0.10% -8.54% 23.38% 4.12%
Cash & Equivalents
0.00% 0.00% 48.02% 90.72%
Securitized
0.00% 0.00% 5.93% 79.69%
Corporate
0.00% 0.00% 9.41% 82.66%
Government
0.00% 0.00% 52.02% 80.98%

Bond Geographic Breakdown

Weighting Return Low Return High LTXFX % Rank
US
98.75% 0.00% 142.23% 44.85%
Non US
0.00% 0.00% 23.89% 59.99%

LTXFX - Expenses

Operational Fees

LTXFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.01% 20.65% 64.52%
Management Fee 0.20% 0.00% 1.20% 5.80%
12b-1 Fee 0.25% 0.00% 1.00% 50.55%
Administrative Fee 0.05% 0.01% 0.44% 14.60%

Sales Fees

LTXFX 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

LTXFX 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.

LTXFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 0.00% 283.00% 90.33%

LTXFX - Distributions

Dividend Yield Analysis

LTXFX Category Low Category High LTXFX % Rank
Dividend Yield 2.06% 0.00% 14.36% 85.77%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LTXFX Category Low Category High LTXFX % Rank
Net Income Ratio 0.97% -0.53% 5.33% 87.54%

Capital Gain Distribution Analysis

LTXFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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LTXFX - 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 7.36 1.58