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American Funds Tax-Exempt Fund of CA F2 TEFEX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
18.55  /  0.01 %
Total Assets
3.2 Bil
Adj. Expense Ratio
0.430%
Expense Ratio
0.430%
Fee Level
Low
Longest Manager Tenure
18.57 years
Category
Muni California Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.27%
Effective Duration
6.19 years

USD | NAV as of Jul 23, 2021 | 1-Day Return as of Jul 23, 2021, 9:31 PM GMT+00:00

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Morningstar’s Analysis

Will TEFEX outperform in future?

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

Process Pillar

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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

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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

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

A solid choice for muni investors in California.

Senior Analyst

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. The strategy's cheapest share classes earn a Morningstar Analyst Rating of Bronze, while its more expensive shares are rated Neutral.

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