American Funds Tax-Exempt Fund of California stands out for its deep municipal research capabilities, disciplined succession planning, and flexible approach to finding relative value in the California muni bond market.
American Funds Tax-Exempt Fund of California® Class F-2 TEFEX
- NAV / 1-Day Return 16.82 / 0.00
- Total Assets 3.7B
-
Adj. Expense Ratio
0.400%
- Expense Ratio 0.400%
- Distribution Fee Level Low
- Share Class Type No Load
- Category Muni California Long
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 3.21%
- Effective Duration 7.05 years
USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 12:11 AM GMT+0
Morningstar’s Analysis TEFEX
Will TEFEX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 7.8
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | 1.15 | 41M | municipal |
CALIFORNIA HSG FIN AGY MUN CTFS 4% | 0.87 | 31M | municipal |
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | 0.86 | 31M | municipal |
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5% | 0.82 | 29M | municipal |
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | 0.79 | 28M | municipal |
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | 0.66 | 23M | municipal |
CALIFORNIA HSG FIN AGY MUN CTFS 3.5% | 0.66 | 23M | municipal |
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | 0.65 | 23M | municipal |
UNIVERSITY CALIF REVS 2.33% | 0.65 | 23M | municipal |
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% | 0.65 | 23M | municipal |
United States