The comanagers running American Funds Limited Term Tax-Exempt Bond are skilled and supported by a solid analyst team following a sensible, research-based approach to build the portfolio. The cheapest share classes earn a Morningstar Analyst Rating of Bronze; its more-expensive shares earn Neutral and Negative.
Will LTEBX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LTEBX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the LTEBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of LTEBX’s parent organization’s priorities and whether they’re in line with investors’ interests.