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American Funds Tax-Exempt Fund of CA A TAFTX

Analyst rating as of
NAV / 1-Day Return
16.07  /  0.30 %
Total Assets
2.7 Bil
Adj. Expense Ratio
0.540%
Expense Ratio
0.540%
Fee Level
Low
Longest Manager Tenure
19.38 years
Category
Muni California Long
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.19%
Effective Duration
6.30 years
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Morningstar’s Analysis

Will TAFTX outperform in future?

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

A solid choice for muni investors in California.

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. 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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