The experienced managers charged with running American Funds Tax-Exempt Fund of California are supported by a solid analyst team that follows a prudent, research-based approach to build this portfolio. They collaborate well and display strong and efficient communication and organized succession planning, which earns a People Pillar rating upgrade to High from Above Average. The strategy's cheapest share classes now carry a Morningstar Analyst Rating of Gold, while its more-expensive shares earn Bronze and Neutral ratings.
Will TECCX 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 TECCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the TECCX 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 TECCX’s parent organization’s priorities and whether they’re in line with investors’ interests.