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Morningstar

American Funds Tax-Exempt Fund of CA F2 TEFEX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See American Funds Investment Hub

Morningstar’s Analysis TEFEX

Will TEFEX outperform in 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 TEFEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TEFEX 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 TEFEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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.

by Elizabeth Foos
Rated on Published on

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