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American Funds Tax-Exempt Fund of CA A TAFTX

Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 16.71  /  +0.07 %
  • Total Assets 2.9 Bil
  • Adj. Expense Ratio
    0.570%
  • Expense Ratio 0.570%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.72%
  • Effective Duration 6.26 years

USD | NAV as of Mar 01, 2024 | 1-Day Return as of Mar 01, 2024, 11:16 PM GMT+0

Morningstar’s Analysis TAFTX

Will TAFTX outperform in future?

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

It’s still sunny for this California-focused strategy.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

American Funds Tax-Exempt Bond of California’s team is large, seasoned, and collaborative, while the approach is sensible and rooted in research. The strategy's cheapest share class earns a Morningstar Medalist Rating of Gold, and its more-expensive shares earn Silver, Bronze, and Neutral ratings.

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Portfolio Holdings TAFTX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 7.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

1.27 35.0 Mil
Government

PASADENA CALIF CTFS PARTN 2.53%

1.14 31.5 Mil
municipal

Cash And Other Assets Less Liablities

1.10 30.2 Mil
Cash and Equivalents

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

1.08 29.8 Mil
municipal

CALIFORNIA MUN FIN AUTH REV 3.7%

0.77 21.2 Mil
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 3.5%

0.75 20.7 Mil
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 4%

0.73 20.0 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.72 19.7 Mil
municipal

CALIFORNIA MUN FIN AUTH POLLUTION CTL REV 3.7%

0.61 16.9 Mil
municipal

CALIFORNIA ST 4%

0.55 15.2 Mil
municipal