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 212 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
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
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	LTEBX vs FHMIX
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 68. There are 392 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
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
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	LTEBX vs DNYMX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	LTEBX vs DFCMX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	LTEBX vs TFCYX

Top Performing LTEBX Alternatives (YTD)

LTEBX is at 0.86% YTD. There are 425 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	13.22%	—	Apr 1998	LTEBX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	9.39%	—	Nov 2002	LTEBX vs NRK
AFB	AllianceBernstein National Municipal Income Fund	8.29%	—	Nov 2001	LTEBX vs AFB
NPV	Nuveen Virginia Quality Municipal Income Fund	6.80%	—	Mar 1993	LTEBX vs NPV
MIY	BlackRock MuniYield Michigan Quality Fund	6.74%	—	Oct 1992	LTEBX vs MIY

Lowest Volatility Alternatives to LTEBX

LTEBX has 1.80% 1-year volatility. There are 79 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	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	0.59%	—	May 2016	LTEBX vs USMSX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.60%	—	Aug 2002	LTEBX vs DFSMX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.61%	—	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
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
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	LTEBX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	LTEBX vs FHMIX

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	78	8.56%	—	Jul 1975	LTEBX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	39	7.93%	—	Jan 1934	LTEBX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	36	5.38%	—	Jul 1952	LTEBX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	23	6.76%	—	Dec 1973	LTEBX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	36	9.53%	—	May 2009	LTEBX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	59	12.29%	—	Aug 1978	LTEBX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	21	4.50%	—	Mar 1973	LTEBX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	23	6.70%	—	Dec 1973	LTEBX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	50	5.52%	—	Dec 1973	LTEBX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	18	3.42%	—	Jan 1967	LTEBX vs AMCPX

Often Compared With LTEBX

Investors most often compare LTEBX with AFTEX, ASTEX, VTEAX. These 18 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	74	1.74%	—	Oct 1979	LTEBX vs AFTEX
ASTEX	American Funds Short-Term Tax Exempt Bond Fund	Municipal Bonds	82	1.00%	—	Aug 2009	LTEBX vs ASTEX
VTEAX	Vanguard Tax-Exempt Bond Index Fund Admiral Shares	Municipal Bonds	78	1.81%	47.60B	Aug 2015	LTEBX vs VTEAX
AAATX	American Funds 2010 Target Date Retirement Fund	Target Retirement Date	60	3.51%	—	Jan 2007	LTEBX vs AAATX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	84	2.56%	—	Sep 1994	LTEBX vs AMHIX
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.73%	95.28B	May 2020	LTEBX vs SGOV
JPLD	JPMorgan Limited Duration Bond ETF	Short-Term Bond	92	1.39%	3.82B	Feb 1993	LTEBX vs JPLD
FBNDX	Fidelity Investment Grade Bond Fund	Intermediate Core Bond	19	0.62%	—	Aug 1971	LTEBX vs FBNDX
PDIIX	PIMCO Diversified Income Fund	Multisector Bonds	68	1.74%	—	Jul 2003	LTEBX vs PDIIX
DOXGX	Dodge & Cox Stock Fund	Large Cap Value Equities	17	2.59%	—	Apr 1965	LTEBX vs DOXGX
VMLUX	Vanguard Limited-Term Tax-Exempt Fund Admiral Shar...	Municipal Bonds	80	1.05%	35.00B	Feb 2001	LTEBX vs VMLUX
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	94	1.65%	—	Oct 2017	LTEBX vs DCARX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	96	1.95%	—	Nov 2014	LTEBX vs DMREX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	98	0.77%	—	Dec 2017	LTEBX vs FGNSX
MQY	BlackRock MuniYield Quality Fund	Municipal Bonds	24	4.72%	—	Jul 1992	LTEBX vs MQY
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	85	2.02%	—	Jun 2012	LTEBX vs FXIEX
MUC	BlackRock MuniHoldings California Quality Fund	Municipal Bonds	42	5.94%	—	Feb 1998	LTEBX vs MUC
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	65	5.62%	—	Mar 1998	LTEBX vs MUJ

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