Limited Term Tax Fund Quote
| FLTEX Fund | USD 15.15 0.01 0.07% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Limited Term is trading at 15.15 as of the 23rd of April 2024; that is -0.07 percent decrease since the beginning of the trading day. The fund's open price was 15.16. Limited Term has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Limited Term Tax are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of January 2024 and ending today, the 23rd of April 2024. Click here to learn more.
The fund will invest at least 80 percent of its assets in, or derive at least 80 percent of its income from, securities that are exempt from regular federal income tax and that do not subject the investors to federal alternative minimum tax. It invests primarily in debt securities rated A- or better or A3 or better, or unrated but determined by the funds investment adviser to be of equivalent quality. More on Limited Term Tax
Limited Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Limited Term's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Limited Term or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | American Funds, Large Funds, Muni National Short Funds, Muni National Short, American Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
Limited Term Tax [FLTEX] is traded in USA and was established 23rd of April 2024. Limited Term is listed under American Funds category by Fama And French industry classification. The fund is listed under Muni National Short category and is part of American Funds family. This fund currently has accumulated 3.56 B in assets under management (AUM) with no minimum investment requirementsLimited Term Tax is currently producing year-to-date (YTD) return of 0.05% with the current yeild of 0.0%, while the total return for the last 3 years was -0.27%.
Check Limited Term Probability Of Bankruptcy
Instrument Allocation
Limited Term Target Price Odds Analysis
Based on a normal probability distribution, the odds of Limited Term jumping above the current price in 90 days from now is more than 94.0%. The Limited Term Tax probability density function shows the probability of Limited Term mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Limited Term Tax has a beta of -0.0027. This usually indicates as returns on the benchmark increase, returns on holding Limited Term are expected to decrease at a much lower rate. During a bear market, however, Limited Term Tax is likely to outperform the market. Additionally, limited Term Tax has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Limited Term to move above the current price in 90 days from now is more than 94.0 (This Limited Term Tax probability density function shows the probability of Limited Mutual Fund to fall within a particular range of prices over 90 days) .
Limited Term Tax Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Limited Term market risk premium is the additional return an investor will receive from holding Limited Term long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Limited Term. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Limited Term's alpha and beta are two of the key measurements used to evaluate Limited Term's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0887 | |||
| Standard Deviation | 0.1304 | |||
| Variance | 0.017 | |||
| Risk Adjusted Performance | (0.06) |
Limited Term Against Markets
Picking the right benchmark for Limited Term mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Limited Term mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Limited Term is critical whether you are bullish or bearish towards Limited Term Tax at a given time. Please also check how Limited Term's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Limited Term without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Limited Mutual Fund?
Before investing in Limited Term, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Limited Term. To buy Limited Term fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Limited Term. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Limited Term fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Limited Term Tax fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Limited Term Tax fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Limited Term Tax, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Limited Term Tax?
The danger of trading Limited Term Tax is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Limited Term is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Limited Term. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Limited Term Tax is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Limited Term Tax. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Limited Term Tax information on this page should be used as a complementary analysis to other Limited Term's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.