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American Funds Tax-Exempt Presv Port A TEPAX Fund Analysis

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

Morningstar’s Analysis TEPAX

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

  • People Pillar

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

A topnotch tax-aware series.

Analyst Stephen Margaria

Stephen Margaria

Analyst

Summary

The American Funds Tax-Aware Preservation and Income series’ thoughtful objectives-based approach, exceptional underlying funds, and well-resourced management team make it a strong option for tax-aware investors. The series’ three portfolios are made available through model portfolios and separate accounts, with the Tax-Exempt Preservation portfolio also offered as a mutual fund—though the price of the fund’s three costliest shares, coupled with a competitive peer group, weighs on their long-term appeal.

by Stephen Margaria
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