American Funds Limited Term Tax Exempt Bond Fund� Class F1

 (MUTF:LTXFX)   Watch this mutual fund  
Find more results for MUTF:LTXFX

Performance

Trailing returns

1 day   +0.02%
   
1 week   +0.11%
   
4 week
   
-0.07%  
3 month   +0.65%
   
YTD   +3.08%
   
1 year   +3.61%
   
3 years*   +2.82%
   
5 years*   +3.38%
   
*annualized
Best 3 month return+5.60%  
Worst 3 month return-3.69%  

Morningstar statistics

Morningstar category: Muni National Interm
  Return Risk Rating
3 years Below Average Low
5 years Below Average Low
10 years Below Average Low
Overall Below Average Low

Key statistics

Total assets2.97B 
Front load-  
Deferred load-  
Expense ratio0.69%  
Management fee-  
Fund familyAmerican Funds 

Asset allocation

Cash8.18%  
Stocks0.00%  
Bonds91.82%  
Other0.00%  

Purchase information

Initial$250  
Additional$50  
AIP Initial$250  
AIP Additional$50  
16.120.00(0.00%)
Sep 29, 4:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks to provide current income that is exempt from regular federal income tax, consistent with the maturity and quality standards described in the prospectus, and to preserve capital. The fund invests primarily in municipal bonds. It invests 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 to federal alternative minimum tax. It invests primarily in municipal bonds rated A- or better. The dollar-weighted average maturity of the fund's portfolio is between three and 10 years.
Fund filings (PDF) »
Asset managers:
Neil Langberg (Started: Oct 6, 1993)
Brenda Ellerin (Started: Jan 1, 1996)
Advisor Company:
Capital Research and Management Company
Fund family reports on Morningstar »
American Funds, 4 Embarcadero Center P.O. Box 7650, San Francisco, CA 94120, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* -1.02 0.09 0.36 -0.31
Beta* 0.58 0.57 0.66 0.69
Mean annual return 0.39 0.24 0.33 0.29
R-squared* 80.14 84.92 86.04 86.99
Standard deviation 1.83 2.37 2.98 3.23
Sharpe ratio 2.52 1.18 1.28 0.58
* Against standard index

Top 10 holdings