LTXCX

About LTXCX

American Funds Limited Term Tax-Exempt Bond Fund of America Class C is a municipal bond mutual fund focused on delivering current income that is exempt from regular federal income tax while preserving capital. The portfolio primarily holds short- to intermediate-maturity bonds issued by states, municipalities, and public authorities, emphasizing investment-grade securities within the top four rating tiers. It concentrates largely in revenue bonds, complemented by general obligation bonds, to finance essential public projects such as transportation, utilities, and education. With an effective duration positioned in the limited-term range, the fund seeks to moderate interest-rate sensitivity relative to longer municipal strategies. It distributes income monthly and follows maturity and quality standards designed to balance income generation with risk control. The fund is part of a larger family known for multi-manager research-driven security selection and broad diversification across issuers and states, aiming to maintain tax-efficient income and stability within the municipal bond segment of the fixed income market.