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American Funds Ltd-Term Tx-Ex Bd A (LTEBX) Fund Ranking and Research

Ranking, Research and Recommendation of American Funds Ltd-Term Tx-Ex Bd A (LTEBX) Fund

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Graph of American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) ManagerFund Manager - Neil L. Langberg

Fund Manager Information

Fund Manager Tenure: 26.3 years
Similar Funds: LTEFX  LTXBX 
Fund Family: American Funds
Fund Category: Muni National Short
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.66)     (What does this score mean?)
Langberg is a vice president with Capital Research and Management Company, his employer since 1978.  Get more insights on Neil L. Langberg

 

Graph of American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) ProfileAmerican Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) Profile

Fund Profile and Description

American Funds Ltd-Term Tx-Ex Bd A Fund seeks to provide with current income that is exempt from regular federal income tax, consistent preservation of capital. American Funds Ltd-Term Tx-Ex Bd A Fund invests primarily in municipal bonds. It invests at least 80% of 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. American Funds Ltd-Term Tx-Ex Bd A Fund invests primarily in municipal bonds rated A- or better but may also invest in municipal bonds below investment grade. The dollar-weighted average maturity of the fund’s portfolio is between three and 10 years.

 

American Funds Ltd-Term Tx-Ex Bd A (LTEBX) Fund Strength What we like about American Funds Ltd-Term Tx-Ex Bd A (LTEBX) Fund

Data for American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) as of May 30, 2016

  • American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) management has been with American Funds Ltd-Term Tx-Ex Bd A Fund for 26.3 years
  • American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) has good short-term performance (1-year return 2.58% vs 1.39% Muni National Short category median performance)
  • American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) has good mid-term performance (3-year return 1.76% vs 0.80% Muni National Short category median performance)
  • American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) has good Long-term performance (5-year return 2.80% vs 1.38% Muni National Short category median performance)
  • American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) ratio of up-years vs down years is greater than 2
  • American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) has a Morningstar rating of 4 and above
  • Asset base in American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) has an annual stock turnover rate of 19.00% vs Muni National Short average of 25.33%. It is good that American Funds Ltd-Term Tx-Ex Bd A management does not trade extensively for its return.
  • American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) has a lower expense ratio than its Muni National Short average: 0.57% vs 0.71%

American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) Weakness What we are cautious about American Funds Ltd-Term Tx-Ex Bd A (LTEBX) Fund

Data for American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) as of May 30, 2016

  • American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) is less safe compared to its Muni National Short peers
  • American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) is more volatile than its peers as it has a 3-year Standard Deviation of 1.87 that is higher than category average of 1.26
  • American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) carries a 2.5% load
See American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) performance details as of May 30, 2016

 

What do you think?

 

Compare American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX)Compare with other top Muni National Short category mutual funds

Aadditional top Muni National Short mutual funds for your consideration

FundYear to Date1 Year3 year5 year
American Funds Ltd-Term Tx-Ex Bd A1.212.581.762.80
Wells Fargo Advantage Strat Muni Bd Adm (VMPYX)1.413.242.513.08Compare

See top fund managers for Muni National Short Category Funds

 

Compare American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX)Compare with Muni National Short category ETFs

Some Muni National Short ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Short Municipal ETF (SMB)1.00%2.60%1.17%
Market Vectors Pre-Refunded Muni ETF (PRB)0.80%2.12%0.37%
PIMCO Short Term Municipal Bond Actv ETF (SMMU)0.82%1.71%0.80%
iShares ST National AMTFree Muni Bnd (SUB)000
SPDR Nuveen Barclays ST Muni Bd ETF (SHM)000

 

Graph of American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) Net Asset TrackingAmerican Funds Ltd-Term Tx-Ex Bd A (LTEBX) Fund Net Asset

Track net asset change of American Funds Ltd-Term Tx-Ex Bd A fund (LTEBX)

DateNet Asset
05/2016$3.31B
03/2016$3.21B
02/2016$3.18B
More historic net asset information on American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX)

  

Graph of American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) Portfolio TrackingAmerican Funds Ltd-Term Tx-Ex Bd A (LTEBX) Fund Portfolio Allocation

Track portfolio allocation change of American Funds Ltd-Term Tx-Ex Bd A fund (LTEBX)

DateCashStockBondOther
03/201612.79%0%87.21%0%
12/201511.74%0%88.26%0%
09/20159.67%0%89.98%0.35%
Click here to see more historic asset allocation information on American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX)

 

graph of American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) Top 10 Position TrackingTop 10 Holdings in American Funds Ltd-Term Tx-Ex Bd A (LTEBX) Fund

Discover what American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) manager is buying

Mar 30, 2016
Bay Area Toll Auth 1.3% [0.59%]
Municipal Elec Auth 5.75% [0.52%]
Clark Cnty Nev Pollutn Ctl Rev Re 1.875% [0.45%]
Railsplitter Tob Settlement Au Toba 5.5% [0.43%]
Clark Cnty Nev Hwy Impt Rev Hwy Rev M 5% [0.42%]
Miami-Dade Cnty Fla Aviation R Ref Bd 5% [0.4%]
Harris Cnty Tex Toll Rd S 0.275% [0.39%]
Citizens Ppty Ins Corp Fla Senior Se 5% [0.35%]
Public Gas Partners Inc Ga Gas Rev Bd 5% [0.35%]
Maryland St Health & Higher Ed Var 0.2% [0.35%]

Dec 30, 2015
Indianapolis Ind Arpt Auth 5.1% [0.65%]
Bay Area Toll Auth 0.91% [0.61%]
Municipal Elec Auth 5.75% [0.54%]
Railsplitter Tob Settlement Au Toba 5.5% [0.44%]
Clark Cnty Nev Hwy Impt Rev Hwy Rev M 5% [0.43%]
Harris Cnty Tex Toll Rd S 0.275% [0.41%]
Miami-Dade Cnty Fla Aviation R Ref Bd 5% [0.41%]
Citizens Ppty Ins Corp Fla Senior Se 5% [0.37%]
Public Gas Partners Inc Ga Gas Rev Bd 5% [0.37%]
New Jersey St Tpk Auth 0.69% [0.35%]

Sep 29, 2015
Indianapolis Ind Arpt Auth 5.1% [0.68%]
Bay Area Toll Auth 0.92% [0.64%]
Municipal Elec Auth 5.75% [0.57%]
Railsplitter Tob Settlement Au Toba 5.5% [0.45%]
Clark Cnty Nev Hwy Impt Rev Hwy Rev M 5% [0.45%]
Harris Cnty Tex Toll Rd S 0.275% [0.42%]
Miami-Dade Cnty Fla Aviation R Ref Bd 5% [0.42%]
Citizens Ppty Ins Corp Fla Senior Se 5% [0.38%]
Public Gas Partners Inc Ga Gas Rev Bd 5% [0.38%]
Putnam Cnty Fla Dev Auth 5.35% [0.36%]
Click here for Stock Holding Change Map in American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX)

  

Latest News on American Funds Ltd-Term Tx-Ex Bd A (LTEBX) Fund

See what is happening with American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX)

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American Funds Ltd-Term Tx-Ex Bd A Fund (LTEBX) Related ResourcesSee more information on American Funds Ltd-Term Tx-Ex Bd A (LTEBX) Fund

Popular pages on American Funds Ltd-Term Tx-Ex Bd A (LTEBX) Fund

  

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