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American Funds Ltd-Term Tx-Ex Bd A LTEBX

Analyst rating as of
NAV / 1-Day Return
14.99  /  0.21 %
Total Assets
5.9 Bil
Adj. Expense Ratio
0.580%
Expense Ratio
0.580%
Fee Level
Low
Longest Manager Tenure
7.64 years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
High / Limited
Min. Initial Investment
250
Status
Open
TTM Yield
0.81%
Effective Duration
3.15 years
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Morningstar’s Analysis

Will LTEBX outperform in future?

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Management Change on American Funds Limited Term Tax-Exempt Bond Does Not Affect Ratings

Associate Director

Analyst Note

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Capital Group announced that portfolio manager Aaron Applebaum will retire from the firm effective July 1, 2022. Applebaum, who joined Capital group in 2008, is a named manager on American Funds Short-Term Tax-Exempt Bond ASTEX and American Funds Limited Term Tax-Exempt Bond Fund of America, and he will transition out of the strategies at that time. Portfolio manager Mark Marinella, who has been named on these strategies since 2019, will remain and serve as the Principal Investment Officer for both. He has 34 years of investment industry experience and has been with Capital Group since 2016.

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