Limited Term Tax-Exempt Bond Fund of America - A | American Funds

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

TAX-EXEMPT BOND FUNDS

®

Purchase Restrictions: Tax-exempt funds should generally not serve as investments for tax-deferred retirement plans and accounts.

Summary

Internal Prompt
Balances high-quality investing with tax-exempt income. Seeks to combine the stability of shorter term bond funds with the generally higher yield of intermediate-term bonds. With a focus on quality, the strategy typically invests in a broad spectrum of investment-grade municipal bonds with maturities between three and 10 years.
Price at NAV $14.79 as of 10/06/2022 (updated daily)
Fund Assets (millions) $6,908.6
Portfolio Managers
2
Expense Ratio
0.56%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
-9.42%
1-year return
-0.11%
5-year return
0.69%
10-year return
1.74%
30-Day SEC Yield
Returns as of 9/30/22 (updated monthly). Yield as of 8/31/22 (updated monthly).

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds85.1%
Non-U.S. Bonds0.0%
Cash & Equivalents
14.9%
U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds85.1%
Non-U.S. Bonds0.0%
Cash & Equivalents
14.9%
As of 8/31/2022 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2021.
LTEBX
Bloomberg Municipal Short-Intermediate 1-10 Years Index

High & Low Prices

Fund Statistics

3 years
Effective Duration
2.7%
Average Yield
to Maturity
3.3%
Average Coupon
% of net assets as of 6/30/2022 (updated quarterly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Limited Interest-Rate Sensitivity
Morningstar data as } of 6/30/22 (updated quarterly)

Description

Fund Objective
The fund's investment objective is to provide you with current income exempt from regular federal income tax, consistent with the maturity and quality standards described in the prospectus, and to preserve capital.
Distinguishing Characteristics
This tax-exempt strategy seeks to combine the stability of shorter term bond funds with the generally higher yield of intermediate-term bonds. With a focus on quality, the strategy typically invests in a broad spectrum of investment-grade municipal bonds with maturities between three and 10 years.
Types of Investments
Invests primarily in state, municipal and public authority bonds and notes rated in the top four categories. The fund will invest at least 65% of its assets in debt securities rated A- or better or A3 or better, or unrated, but determined by the fund’s investment adviser to be of equivalent quality.
Maturity
The dollar-weighted average maturity of the fund's portfolio is between three and 10 years.
Portfolio Restrictions
May invest up to 20% of assets in debt securities in the rating category of BBB/Baa (or unrated, but determined by the fund’s investment adviser to be of equivalent quality).

Fund Facts

Fund Inception 10/06/1993
Fund Assets (millions)
As of 8/31/2022
$6,908.6
Companies/Issuers
Holdings are as of 6/30/2022 (updated quarterly).
824+
Shareholder Accounts
Shareholder accounts are as of 8/31/2022
78,796
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2022) 47%
Fiscal Year-End Jul
Prospectus Date 10/01/2022
CUSIP 532726 10 6
Fund Number 43

Returns

Internal Prompt

Month-End Returns as of 9/30/22

Quarter-End Returns as of 9/30/22

Internal Prompt

Volatility & Return

Read important investment disclosures

Fixed-Income

For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the fixed income funds
LTEBX
Bloomberg Municipal Short-Intermediate 1-10 Years Index
Other AF Funds
Standard Deviation as of 09/30/2022 (updated monthly) . Annualized return as of 09/30/2022 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.92% N/A
Fund at MOP 0.90% 1.74%
As of 8/31/2022 (updated monthly)

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Vikas Malhotra 1 6 12
Mark Marinella 4 9 37
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(206)
3-yr. Morningstar RatingTM
(206 funds rated)
5-yr. Morningstar RatingTM
(181 funds rated)
10-yr. Morningstar RatingTM
(134 funds rated)
Overall Morningstar Risk Above Average
HIGH
LOW
Category Muni National Short
Ratings are based on risk-adjusted returns as of 9/30/2022 (updated monthly).

Risk Measures

Fund
Standard Deviation
2.51
Sharpe Ratio
0.10
For the 10 Years ending 9/30/22 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg Municipal Short-Intermediate 1-10 Years Index
Bloomberg Municipal TR USD
R-squared 97 94
Beta 0.92 0.57
Capture Ratio (Downside/Upside) 96/89 55/55
American Funds Benchmark for the 10 Years ending 6/30/22 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 9/30/22 (updated monthly).
AAA/Aaa
23.5%
AA/Aa
36.8%
A
17.4%
BBB/Baa
5.6%
Unrated
1.0%
Cash & equivalents
15.7%
% of net assets as of 6/30/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years
57.8%
5-9.9 Years
26.1%
10-19.9 Years
0.7%
20-29.9 Years
0.0%
30+ Years
--
% of net assets as of 3/31/2022 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
General obligation bonds 9.4%

% of net assets as of 6/30/2022 (updated quarterly)

Top Fixed-Income Issuers

BLACK BELT ENERGY GAS DIST
1.8%
New York State Personal Income Tax Bonds
1.4%
NEW YORK N Y
1.2%
Metropolitan Transportation Authority
1.2%
Waste Management
1.1%
New York State Housing Finance Agency
1.0%
PENNSYLVANIA HSG FIN AGY - 1982 RES
1.0%
Minnesota St Hsg Fin Agy - 1995 RES
0.9%
State of Illinois
0.8%
Michigan State Housing Development Authority - ...
0.8%

% of net assets as of 6/30/2022 (updated quarterly)

Geographic Breakdown

Texas
10.9%
New York
8.3%
California
5.5%
Illinois
4.9%
Florida
4.5%
Pennsylvania
4.4%
Ohio
3.0%
Alabama
2.9%
Michigan
2.9%
Georgia
2.9%
% of net assets as of 6/30/2022

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 10/06/22

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/22 02/01/22 $0.0102416 $0.00 $0.00 $0.00 $15.69
Daily 02/28/22 03/01/22 $0.0094378 $0.00 $0.00 $0.00 $15.62
Daily 03/31/22 04/01/22 $0.0113169 $0.00 $0.00 $0.00 $15.31
Daily 04/29/22 05/02/22 $0.0118205 $0.00 $0.00 $0.00 $15.06
Daily 05/31/22 06/01/22 $0.0133405 $0.00 $0.00 $0.00 $15.18
Daily 06/30/22 07/01/22 $0.0127987 $0.00 $0.00 $0.00 $15.08
Daily 07/29/22 08/01/22 $0.0146394 $0.00 $0.00 $0.00 $15.29
Daily 08/31/22 09/01/22 $0.0169337 $0.00 $0.00 $0.00 $15.06
Daily 09/30/22 10/03/22 $0.0171432 $0.00 $0.00 $0.00 $14.73
2022 Year-to-Date: Dividends Subtotal: $0.11767225 Cap Gains Subtotal: $0.00
Total Distributions: $0.11767225

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.18%
Other Expenses 0.08%
Service 12b-1 0.30%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

LTEBX 0.56%
Lipper Short-Intmdt Municipal Debt Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

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