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American Funds Tax-Exempt Fund of CA A TAFTX

Analyst rating as of
NAV / 1-Day Return
16.37  /  0.01 %
Total Assets
2.5 Bil
Adj. Expense Ratio
0.570%
Expense Ratio
0.540%
Distribution Fee Level
Low
Share Class Type
Front Load
Category
Muni California Long
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.36%
Effective Duration
7.10 years

Morningstar’s Analysis TAFTX

Will TAFTX 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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