Morningstar

American Funds Tax-Exempt Fund of California® Class F-3 EXCAX

Morningstar Medalist Rating
Medalist Rating as of | See Capital Group Investment Hub
  • NAV / 1-Day Return 16.83  /  0.00
  • Total Assets 3.7B
  • Adj. Expense Ratio
    0.290%
  • Expense Ratio 0.300%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 3.30%
  • Effective Duration 7.05 years

USD | NAV as of Jul 15, 2026 | 1-Day Return as of Jul 15, 2026, 12:11 AM GMT+0

Morningstar’s Analysis EXCAX

Will EXCAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EXCAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the EXCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of EXCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A topnotch California muni option.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

American Funds Tax-Exempt Fund of California stands out for its deep municipal research capabilities, disciplined succession planning, and flexible approach to finding relative value in the California muni bond market.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings EXCAX

More EXCAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.15 41M
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 4%

0.87 31M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.86 31M
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5%

0.82 29M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.79 28M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.66 23M
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 3.5%

0.66 23M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.65 23M
municipal

UNIVERSITY CALIF REVS 2.33%

0.65 23M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

0.65 23M
municipal

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