FLTEX

About FLTEX

American Funds Limited Term Tax-Exempt Bond Fund® Class F-3 is an open-end municipal bond fund focused on delivering a high level of current income that is exempt from regular federal income tax, while emphasizing capital preservation. The strategy primarily invests in short- to intermediate-maturity municipal securities, targeting an effective duration around the limited-term range to balance rate sensitivity with income generation. The portfolio is broadly diversified across revenue bonds—its dominant allocation—and general obligation bonds, reflecting a research-driven approach to sector and issuer selection within the municipal market. The fund distributes income monthly and maintains a low expense profile for its share class, aligning with its role as a core, tax-efficient fixed income holding for investors seeking stability and federally tax-exempt income. Managed by Capital Group’s collaborative fixed-income team, the fund’s mandate to keep at least the vast majority of assets in tax-exempt instruments underscores its focus on consistent, high-quality income across economic cycles.