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American Funds Tax-Exempt Fund of CA F1 TECFX

Analyst rating as of
NAV / 1-Day Return
15.71  /  0.28 %
Total Assets
2.6 Bil
Adj. Expense Ratio
0.640%
Expense Ratio
0.640%
Fee Level
High
Longest Manager Tenure
19.75 years
Category
Muni California Long
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.28%
Effective Duration
7.75 years

Morningstar’s Fund Analysis TECFX

Will TECFX outperform in future?

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

Capital Group Muni Bd - CA State Muni

Associate Director

Summary

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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.

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