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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to LTEBX

LTEBX charges 0.57% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among LTEBX alternatives.

Symbol	Name	Expense Ratio	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	Dec 22, 2015	LTEBX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	May 30, 2007	LTEBX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	Feb 2, 2021	LTEBX vs FHMIX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	Jun 24, 2021	LTEBX vs FSMUX
FMBIX	Fidelity Municipal Bond Index Fund	0.07%	Jul 11, 2019	LTEBX vs FMBIX

Best Risk-Adjusted Alternatives to LTEBX

Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ATOIX	abrdn Ultra Short Municipal Income Fund	100	Dec 4, 2002	LTEBX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	Apr 21, 2016	LTEBX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	99	Dec 25, 2017	LTEBX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	Feb 2, 2021	LTEBX vs FHMIX
USMTX	JPMorgan Ultra-Short Municipal Fund	99	May 30, 2016	LTEBX vs USMTX

Top Performing LTEBX Alternatives (YTD)

LTEBX alternatives from the Municipal Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
NMI	Nuveen Municipal Income Fund, Inc.	5.52%	Apr 20, 1998	LTEBX vs NMI
NPV	Nuveen Virginia Quality Municipal Income Fund	4.94%	Mar 18, 1993	LTEBX vs NPV
NRK	Nuveen New York AMT Free Quality Municipal Income	4.26%	Nov 21, 2002	LTEBX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	3.67%	Oct 30, 1992	LTEBX vs MIY
NQP	Nuveen Pennsylvania Quality Municipal Income	2.14%	Feb 21, 1991	LTEBX vs NQP

Lowest Volatility Alternatives to LTEBX

LTEBX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.68%	Aug 19, 2002	LTEBX vs DFSMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.69%	May 31, 2016	LTEBX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.70%	May 30, 2016	LTEBX vs USMTX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.71%	Apr 11, 2022	LTEBX vs DFABX
BATVX	BlackRock Allocation Target Shares	0.76%	May 20, 2021	LTEBX vs BATVX

Lowest Drawdown Alternatives to LTEBX

LTEBX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	May 20, 2021	LTEBX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	Dec 4, 2002	LTEBX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	Apr 21, 2016	LTEBX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.20%	Dec 25, 2017	LTEBX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.20%	Feb 2, 2021	LTEBX vs FHMIX

Other Mutual Funds from American Funds

Most popular American Funds mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	85	-1.12%	Jul 26, 1975	LTEBX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	63	-4.87%	Jan 1, 1934	LTEBX vs AIVSX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	45	-7.99%	Dec 1, 1973	LTEBX vs RGAGX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	48	-3.17%	Jul 31, 1952	LTEBX vs AWSHX
RERGX	American Funds EuroPacific Growth Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities	71	-2.84%	—	LTEBX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities	79	-3.35%	Jan 8, 1978	LTEBX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Large Cap Growth Equities, Global Equities	55	-5.30%	Mar 13, 1973	LTEBX vs ANWPX
GFFFX	American Funds The Growth Fund of America	Large Cap Growth Equities	44	-8.03%	Dec 1, 1973	LTEBX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend, Actively Managed	84	2.83%	Dec 1, 1973	LTEBX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	36	-8.56%	Jan 5, 1967	LTEBX vs AMCPX

Often Compared With LTEBX

What investors most often compare with LTEBX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
ASTEX	American Funds Short-Term Tax Exempt Bond Fund	Municipal Bonds	90	0.12%	Aug 6, 2009	LTEBX vs ASTEX
AFTEX	American Funds Tax Exempt Bond Fund	Municipal Bonds	40	-0.33%	Oct 2, 1979	LTEBX vs AFTEX
VTEAX	Vanguard Tax-Exempt Bond Index Fund Admiral Shares	Municipal Bonds	43	-0.24%	Aug 25, 2015	LTEBX vs VTEAX
AAATX	American Funds 2010 Target Date Retirement Fund	Target Retirement Date	84	0.08%	Jan 31, 2007	LTEBX vs AAATX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	29	-0.18%	Sep 25, 1994	LTEBX vs AMHIX
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	0.88%	May 26, 2020	LTEBX vs SGOV
FBNDX	Fidelity Investment Grade Bond Fund	Total Bond Market	42	-0.36%	Aug 6, 1971	LTEBX vs FBNDX
JPLD	J P Morgan Exchange-Traded Fund Trust - Limited Du...	Short-Term Bond	96	0.50%	Feb 2, 1993	LTEBX vs JPLD
PDIIX	PIMCO Diversified Income Fund	Multisector Bonds	84	-1.40%	Jul 30, 2003	LTEBX vs PDIIX
DOXGX	Dodge & Cox Stock Fund	Large Cap Value Equities	18	-1.63%	Apr 1, 1965	LTEBX vs DOXGX
VMLUX	Vanguard Limited-Term Tax-Exempt Fund Admiral Shar...	Municipal Bonds	90	-0.03%	Feb 12, 2001	LTEBX vs VMLUX
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	93	1.09%	Oct 31, 2017	LTEBX vs DCARX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	92	1.10%	Nov 3, 2014	LTEBX vs DMREX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	37	-0.10%	Dec 27, 2017	LTEBX vs FGNSX

Compare LTEBX with Any Fund or Stock

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

Symbol name

American Funds Limited Term Tax-Exempt Bond Fund

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