Morningstar

American Funds Limited Term Tx-Ex B F3 FLTEX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 15.52  /  +0.07 %
  • Total Assets 5.5 Bil
  • Adj. Expense Ratio
    0.240%
  • Expense Ratio 0.240%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 2.54%
  • Effective Duration 3.49 years

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FLTEX

Will FLTEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLTEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FLTEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FLTEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Remains in good hands.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

American Funds Limited Term Tax-Exempt Bond's team is large, seasoned, and collaborative, while the approach is sensible and rooted in research. The team has stabilized after navigating transitions through thoughtful succession planning, and the strategy's People rating has increased to High from Above Average.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings FLTEX

More FLTEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.68 42.0 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4%

0.65 40.1 Mil
municipal

Cash And Other Assets Less Liablities

0.61 37.7 Mil
Cash and Equivalents

United States Treasury Bills 0%

0.58 35.9 Mil
Government

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

0.54 33.6 Mil
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.25%

0.49 30.1 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.49 29.9 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.46 28.4 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 5.25%

0.45 27.6 Mil
municipal

STRATEGIC HSG FIN CORP TRAVIS CNTY TEX MULTIFAMILY HSG REV 0.46%

0.44 27.4 Mil
municipal

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