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American Funds Tax-Exempt Fund of CA F2 TEFEX

Analyst rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 16.67  /  0.23 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.390%
  • Expense Ratio 0.360%
  • 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 2.56%
  • Effective Duration 7.67 years

Morningstar’s Analysis TEFEX

Will TEFEX outperform in future?

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

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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