- What does LTXFX invest in?
- 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.
- What is the expense ratio of LTXFX?
- American Funds Ltd Term Tax-Ex Bond Fd of America Cl F-1 Shs (LTXFX) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations.
- What is LTXFX's dividend yield?
- LTXFX's trailing-twelve-month yield is 2.62%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of LTXFX?
- Effective duration measures LTXFX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LTXFX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of LTXFX?
- LTXFX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of LTXFX?
- Yield to maturity (YTM) is the total return you'd earn from LTXFX if every bond in the portfolio is held to maturity at the current price. LTXFX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
