The comanagers running American Funds Tax-Exempt Fund of California are supported by a solid analyst team and follow a sensible, research-based approach to build this portfolio. The strategy’s cheapest share class earns a Morningstar Analyst Rating of Silver, while its more expensive shares are rated Bronze and Neutral.
American Funds Tax-Exempt Fund of CA F2 TEFEX
NAV / 1-Day Return
18.34
/
0.12
%
Total Assets
3.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.430%
Expense Ratio
0.430%
Fee Level
Low
Longest Manager Tenure
18.28
years
Category
Muni California Long
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
1,000
Status
Open
TTM Yield
2.36%
Effective Duration
6.74
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
A solid choice for tax-exempt income for California residents.
