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LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA
mutual fund
LTXFX
Payout Change
Pending
Price as of:
$15.45
-0.01
-0.06%
primary theme
Municipal Bond
share class
LTXFX (Mutual Fund)
LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA
Payout Change
Pending
Price as of:
$15.45
-0.01
-0.06%
primary theme
Municipal Bond
share class
LTXFX (Mutual Fund)
LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA
Payout Change
Pending
Price as of:
$15.45
-0.01
-0.06%
primary theme
Municipal Bond
share class
Name
As of 10/11/2024Price
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
Vitals
YTD Return
2.6%
1 yr return
7.0%
3 Yr Avg Return
0.3%
5 Yr Avg Return
0.9%
Net Assets
$5.57 B
Holdings in Top 10
5.7%
52 WEEK LOW AND HIGH
$15.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.64%
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 10/11/2024Price
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
LTXFX - Profile
Distributions
- YTD Total Return 2.6%
- 3 Yr Annualized Total Return 0.3%
- 5 Yr Annualized Total Return 0.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.97%
- Dividend Yield 2.3%
- 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 ClassF1
-
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.
LTXFX - Performance
Return Ranking - Trailing
| Period | LTXFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.6% | -1.9% | 24.7% | 48.34% |
| 1 Yr | 7.0% | 2.4% | 34.3% | 77.63% |
| 3 Yr | 0.3%* | -9.9% | 3.4% | 21.88% |
| 5 Yr | 0.9%* | -6.7% | 1104.6% | 43.15% |
| 10 Yr | 1.3%* | -0.8% | 248.9% | 68.00% |
* Annualized
Return Ranking - Calendar
| Period | LTXFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.0% | -1.4% | 41.0% | 74.50% |
| 2022 | -5.9% | -39.7% | 0.3% | 11.92% |
| 2021 | -1.2% | -5.6% | 6.9% | 84.46% |
| 2020 | 2.0% | -2.6% | 310.0% | 36.04% |
| 2019 | 2.4% | 0.0% | 26.0% | 85.72% |
Total Return Ranking - Trailing
| Period | LTXFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.6% | -1.9% | 24.7% | 48.34% |
| 1 Yr | 7.0% | 2.4% | 34.3% | 77.63% |
| 3 Yr | 0.3%* | -9.9% | 3.4% | 21.88% |
| 5 Yr | 0.9%* | -6.7% | 1104.6% | 43.15% |
| 10 Yr | 1.3%* | -0.8% | 248.9% | 68.00% |
* Annualized
Total Return Ranking - Calendar
| Period | LTXFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.1% | -1.3% | 41.0% | 82.51% |
| 2022 | -4.8% | -39.7% | 1.1% | 12.80% |
| 2021 | 0.2% | -4.8% | 23761504.0% | 83.09% |
| 2020 | 3.8% | -1.5% | 17057.9% | 48.75% |
| 2019 | 4.6% | 0.2% | 3514.6% | 83.37% |
NAV & Total Return History
LTXFX - Holdings
Concentration Analysis
| LTXFX | Category Low | Category High | LTXFX % Rank | |
|---|---|---|---|---|
| Net Assets | 5.57 B | 3.22 M | 71.9 B | 4.73% |
| Number of Holdings | 1863 | 4 | 13418 | 3.73% |
| Net Assets in Top 10 | 316 M | -317 M | 3.45 B | 10.45% |
| Weighting of Top 10 | 5.71% | 1.9% | 100.1% | 95.40% |
Top 10 Holdings
- MAIN STREET NATURAL GAS INC (MPT) 5.0% 09-01-53 0.76%
- BLACK BELT ENERGY GAS DISTRICT (MPT) 4.0% 04-01-53 0.73%
- UNITED STATES TREASURY BILL 0.0% 09-10-24 0.65%
- CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 4.0% 02-01-52 0.61%
- CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 05-01-54 0.55%
- MAIN STREET NATURAL GAS INC (MPT) 5.0% 12-01-54 0.52%
- ECG YAGER LP (MPT) 0.46% 09-01-41 0.50%
- MAIN STREET NATURAL GAS INC (MPT) 5.0% 07-01-53 0.47%
- MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY 5.5% 06-01-53 0.47%
- TEXAS MUNICIPAL GAS ACQUISITION SUPPLY CORP IV (MPT) 5.5% 01-01-54 0.47%
Asset Allocation
| Weighting | Return Low | Return High | LTXFX % Rank | |
|---|---|---|---|---|
| Bonds | 99.45% | 0.00% | 150.86% | 36.53% |
| Cash | 0.52% | -50.86% | 43.45% | 68.44% |
| Other | 0.03% | -3.72% | 51.88% | 9.65% |
| Stocks | 0.00% | 0.00% | 99.89% | 67.27% |
| Preferred Stocks | 0.00% | 0.00% | 0.08% | 62.98% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 62.77% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | LTXFX % Rank | |
|---|---|---|---|---|
| Municipal | 95.42% | 44.39% | 100.00% | 78.81% |
| Derivative | 0.03% | -3.72% | 51.88% | 5.53% |
| Cash & Equivalents | 0.00% | 0.00% | 43.45% | 84.15% |
| Securitized | 0.00% | 0.00% | 5.93% | 63.44% |
| Corporate | 0.00% | 0.00% | 9.41% | 69.52% |
| Government | 0.00% | 0.00% | 52.02% | 66.38% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | LTXFX % Rank | |
|---|---|---|---|---|
| US | 99.45% | 0.00% | 142.23% | 34.62% |
| Non US | 0.00% | 0.00% | 23.89% | 65.05% |
LTXFX - Expenses
Operational Fees
| LTXFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.01% | 8.02% | 61.43% |
| Management Fee | 0.22% | 0.00% | 1.20% | 7.58% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 53.49% |
| Administrative Fee | 0.05% | 0.01% | 0.44% | 15.88% |
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% | 90.42% |
LTXFX - Distributions
Dividend Yield Analysis
| LTXFX | Category Low | Category High | LTXFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.27% | 0.00% | 14.51% | 85.30% |
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% | 87.60% |
Capital Gain Distribution Analysis
| LTXFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.029 | OrdinaryDividend |
| Aug 30, 2024 | $0.030 | OrdinaryDividend |
| Jul 31, 2024 | $0.030 | OrdinaryDividend |
| Apr 30, 2024 | $0.029 | OrdinaryDividend |
| Mar 28, 2024 | $0.029 | OrdinaryDividend |
| Feb 29, 2024 | $0.026 | OrdinaryDividend |
| Jan 31, 2024 | $0.028 | OrdinaryDividend |
| Dec 29, 2023 | $0.027 | OrdinaryDividend |
| Nov 30, 2023 | $0.025 | OrdinaryDividend |
| Oct 31, 2023 | $0.027 | OrdinaryDividend |
| Sep 29, 2023 | $0.026 | OrdinaryDividend |
| Aug 31, 2023 | $0.026 | OrdinaryDividend |
| Jul 31, 2023 | $0.025 | OrdinaryDividend |
| Jun 30, 2023 | $0.024 | OrdinaryDividend |
| May 31, 2023 | $0.023 | OrdinaryDividend |
| Apr 28, 2023 | $0.022 | OrdinaryDividend |
| Mar 31, 2023 | $0.023 | OrdinaryDividend |
| Feb 28, 2023 | $0.020 | OrdinaryDividend |
| Jan 31, 2023 | $0.021 | OrdinaryDividend |
| Dec 30, 2022 | $0.022 | OrdinaryDividend |
| Nov 30, 2022 | $0.018 | OrdinaryDividend |
| Oct 31, 2022 | $0.019 | OrdinaryDividend |
| Sep 30, 2022 | $0.017 | OrdinaryDividend |
| Aug 31, 2022 | $0.017 | OrdinaryDividend |
| Jul 29, 2022 | $0.014 | OrdinaryDividend |
| Jun 30, 2022 | $0.012 | OrdinaryDividend |
| May 31, 2022 | $0.013 | OrdinaryDividend |
| Apr 29, 2022 | $0.011 | OrdinaryDividend |
| Mar 31, 2022 | $0.011 | OrdinaryDividend |
| Feb 28, 2022 | $0.009 | OrdinaryDividend |
| Jan 31, 2022 | $0.009 | OrdinaryDividend |
| Dec 31, 2021 | $0.010 | OrdinaryDividend |
| Nov 30, 2021 | $0.009 | OrdinaryDividend |
| Oct 29, 2021 | $0.009 | OrdinaryDividend |
| Sep 30, 2021 | $0.009 | OrdinaryDividend |
| Aug 31, 2021 | $0.009 | OrdinaryDividend |
| Jul 30, 2021 | $0.009 | OrdinaryDividend |
| Jun 30, 2021 | $0.009 | OrdinaryDividend |
| May 28, 2021 | $0.011 | OrdinaryDividend |
| Apr 30, 2021 | $0.010 | OrdinaryDividend |
| Mar 31, 2021 | $0.012 | OrdinaryDividend |
| Feb 26, 2021 | $0.011 | OrdinaryDividend |
| Jan 29, 2021 | $0.013 | OrdinaryDividend |
| Dec 31, 2020 | $0.109 | OrdinaryDividend |
| Nov 30, 2020 | $0.015 | OrdinaryDividend |
| Oct 30, 2020 | $0.016 | OrdinaryDividend |
| Sep 30, 2020 | $0.016 | OrdinaryDividend |
| Aug 31, 2020 | $0.014 | OrdinaryDividend |
| Apr 30, 2020 | $0.019 | OrdinaryDividend |
| Feb 28, 2020 | $0.020 | OrdinaryDividend |
| Jan 31, 2020 | $0.021 | OrdinaryDividend |
| Dec 31, 2019 | $0.034 | CapitalGainShortTerm |
| Dec 31, 2019 | $0.020 | CapitalGainLongTerm |
| Nov 29, 2019 | $0.022 | OrdinaryDividend |
| Oct 31, 2019 | $0.023 | OrdinaryDividend |
| Sep 30, 2019 | $0.022 | OrdinaryDividend |
| Aug 30, 2019 | $0.024 | OrdinaryDividend |
| Jul 31, 2019 | $0.024 | OrdinaryDividend |
| Jun 28, 2019 | $0.024 | OrdinaryDividend |
| Dec 03, 2012 | $0.003 | CapitalGainLongTerm |
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 | 7.33 | 1.58 |
