The comanagers running American Funds Tax-Exempt Fund of California are supported by a solid analyst team and follow a sensible, research-based approach to build this portfolio. The strategy’s cheapest share class earns a Morningstar Analyst Rating of Silver, while its more expensive shares are rated Bronze and Neutral.
Will TAFTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TAFTX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the TAFTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of TAFTX’s parent organization’s priorities and whether they’re in line with investors’ interests.