American Funds Limited Term Tax-Exempt Bond Fund® Class F-2 is an actively managed municipal bond mutual fund designed to deliver current income that is exempt from regular federal income tax, while maintaining conservative maturity and credit standards. The portfolio primarily invests in short- to intermediate-term municipal securities, with an effective duration around the short-intermediate range, aiming to balance income generation with interest-rate sensitivity management. It is predominantly allocated to revenue bonds, complemented by general obligation issues, reflecting a diversified approach across essential-service, transportation, healthcare, and other public-purpose financings. The fund distributes income monthly and targets high-quality credit, seeking to preserve capital alongside tax-advantaged income. With thousands of underlying holdings and a moderate turnover profile, it offers broad exposure to the U.S. municipal market in the limited-term segment, serving investors who prioritize federally tax-exempt income and measured interest-rate risk within a professionally managed fixed-income strategy. Founded within a long-standing American Funds franchise, it emphasizes disciplined research and portfolio construction tailored to the muni short-intermediate category.
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