American Funds Limited Term Tax-Exempt Bond Fund®

Scorecard
3 / 5 Stars
Lipper
3 2 4 1 5
Zacks Investment Research
2 (Buy)
Standard & Poor's
4 / 5 Stars
TheStreet.com
A+ (Buy)

U.S. News evaluated 82 Muni National Interm Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 0.62 percent over the past year, 4.07 percent over the past three years, 4.53 percent over the past five years, and 3.30 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 1.7%
1 Year 0.6%
3 Years (Annualized) 4.1%
5 Years (Annualized) 4.5%
10 Years (Annualized) 3.3%

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Summary

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 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.

Fees

Fees are Low compared to funds in the same category.
American Funds Limited Term Tax-Exempt Bond Fund® has an expense ratio of 0.69 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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