LTEBX Alternatives & Similar Mutual Funds

American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with LTEBX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to LTEBX

LTEBX charges 0.57% annually. There are 210 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	LTEBX vs LSMSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	LTEBX vs FHMIX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	LTEBX vs VTMFX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	LTEBX vs NMTRX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	LTEBX vs FSMUX

Best Risk-Adjusted Alternatives to LTEBX

LTEBX has a PortfoliosLab risk / return rank of 62. There are 424 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	LTEBX vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	LTEBX vs DFABX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	LTEBX vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	LTEBX vs FHMIX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	LTEBX vs DNYMX

Top Performing LTEBX Alternatives (YTD)

LTEBX is at 0.69% YTD. There are 427 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.24%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	11.24%	—	Apr 1998	LTEBX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	9.95%	—	Nov 2002	LTEBX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	8.09%	—	Oct 1992	LTEBX vs MIY
AFB	AllianceBernstein National Municipal Income Fund	7.05%	—	Nov 2001	LTEBX vs AFB
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	6.08%	—	Mar 1998	LTEBX vs MUJ

Lowest Volatility Alternatives to LTEBX

LTEBX has 1.81% 1-year volatility. There are 78 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.54%	—	Aug 2002	LTEBX vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.55%	—	Apr 2022	LTEBX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.58%	—	Apr 2007	LTEBX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.58%	—	May 2016	LTEBX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.60%	—	May 2016	LTEBX vs USMTX

Lowest Drawdown Alternatives to LTEBX

LTEBX has a 1-year max drawdown of -2.33%. There are 112 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	LTEBX vs BATVX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	LTEBX vs FHMIX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	LTEBX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	LTEBX vs TFCYX
DFSMX	DFA Short Term Municipal Bond Portfolio	-0.11%	—	Aug 2002	LTEBX vs DFSMX

Other Mutual Funds from American Funds

The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, AWSHX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	73	8.53%	—	Jul 1975	LTEBX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	34	9.62%	—	Jan 1934	LTEBX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	40	8.60%	—	Jul 1952	LTEBX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	16	7.16%	—	Dec 1973	LTEBX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	32	9.18%	—	May 2009	LTEBX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	48	12.89%	—	Aug 1978	LTEBX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	19	5.69%	—	Mar 1973	LTEBX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	16	7.09%	—	Dec 1973	LTEBX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	62	7.46%	—	Dec 1973	LTEBX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	16	5.86%	—	Jan 1967	LTEBX vs AMCPX

Often Compared With LTEBX

Investors most often compare LTEBX with AFTEX, ASTEX, VTEAX. These 19 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AFTEX	American Funds Tax Exempt Bond Fund	Municipal Bonds	77	1.43%	—	Oct 1979	LTEBX vs AFTEX
ASTEX	American Funds Short-Term Tax Exempt Bond Fund	Municipal Bonds	77	1.02%	—	Aug 2009	LTEBX vs ASTEX
VTEAX	Vanguard Tax-Exempt Bond Index Fund Admiral Shares	Municipal Bonds	79	1.43%	47.60B	Aug 2015	LTEBX vs VTEAX
AAATX	American Funds 2010 Target Date Retirement Fund	Target Retirement Date	64	4.17%	—	Jan 2007	LTEBX vs AAATX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	89	2.41%	—	Sep 1994	LTEBX vs AMHIX
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.98%	97.69B	May 2020	LTEBX vs SGOV
JPLD	JPMorgan Limited Duration Bond ETF	Short-Term Bond	94	1.51%	3.94B	Feb 1993	LTEBX vs JPLD
PDIIX	PIMCO Diversified Income Fund	Multisector Bonds	66	1.50%	—	Jul 2003	LTEBX vs PDIIX
DOXGX	Dodge & Cox Stock Fund	Large Cap Value Equities	34	8.41%	—	Apr 1965	LTEBX vs DOXGX
FBNDX	Fidelity Investment Grade Bond Fund	Intermediate Core Bond	19	-0.03%	—	Aug 1971	LTEBX vs FBNDX
VMLUX	Vanguard Limited-Term Tax-Exempt Fund Admiral Shar...	Municipal Bonds	74	1.04%	35.00B	Feb 2001	LTEBX vs VMLUX
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	92	1.94%	—	Oct 2017	LTEBX vs DCARX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	Municipal Bonds	17	1.00%	—	Dec 2017	LTEBX vs APUSX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	93	2.06%	—	Nov 2014	LTEBX vs DMREX
MQY	BlackRock MuniYield Quality Fund	Municipal Bonds	31	5.70%	—	Jul 1992	LTEBX vs MQY
NPV	Nuveen Virginia Quality Municipal Income Fund	Municipal Bonds	20	4.37%	—	Mar 1993	LTEBX vs NPV
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	97	0.92%	—	Dec 2017	LTEBX vs FGNSX
MUC	BlackRock MuniHoldings California Quality Fund	Municipal Bonds	50	5.97%	—	Feb 1998	LTEBX vs MUC
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	91	1.90%	—	Jun 2012	LTEBX vs FXIEX

Compare LTEBX with Any Fund or Stock

Compare LTEBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair LTEBX with funds that move differently

American Funds Limited Term Tax-Exempt Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LTEBX.

Explore LTEBX Diversifiers

American Funds Limited Term Tax-Exempt Bond Fund (LTEBX) Alternatives