
American Funds Ltd Term Tax-Ex Bond Fd of America Cl F-1 Shs (LTXFX)
LTXFX Price Chart
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LTXFX Fund Profile
Key details and information about American Funds Ltd Term Tax-Ex Bond Fd of America Cl F-1 Shs (LTXFX).
Sector Focus
Financial Services
Industry
Asset Management - Bonds
Inception Date
15 Mar 2001
Country
US
Description
This fund aims to generate ongoing income that is free from ordinary federal income tax, while also safeguarding initial investment capital, all within specific maturity and credit quality guidelines. To achieve these objectives, a minimum of 80% of its holdings, or 80% of its generated income, will originate from securities exempt from regular federal income tax and that do not impose the federal alternative minimum tax on shareholders. The fund predominantly allocates capital to fixed-income instruments rated A- or higher by Standard & Poor's, A3 or higher by Moody's, or those unrated but judged by the investment adviser to possess equivalent creditworthiness. The portfolio's dollar-weighted average effective maturity is maintained between three and ten years.
LTXFX Fund Performance
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