Advertisement
Skip to Content
Morningstar

American Funds Tax-Exempt Fund of CA F3 EXCAX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 16.33  /  0.01 %
  • Total Assets 2.7 Bil
  • Adj. Expense Ratio
    0.300%
  • Expense Ratio 0.270%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.80%
  • Effective Duration 6.86 years

USD | NAV as of Jun 09, 2023 | 1-Day Return as of Jun 09, 2023, 10:14 PM GMT+0

Morningstar’s Analysis EXCAX

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

People Pillar

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

It’s still sunny for this California-focused strategy.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

American Funds Tax-Exempt Bond of California’s team is large, seasoned, and collaborative, while the approach is sensible and rooted in research. The strategy's cheapest share class earns a Morningstar Medalist Rating of Gold, and its more-expensive shares earn Silver, Bronze, and Neutral ratings.

by Elizabeth Foos
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings EXCAX

More EXCAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1349
  • Other Holdings 8
  • % Assets in Top 10 Holdings 7.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

4.20
112,883,915
Government

Cash And Other Assets Less Liablities

1.43
38,349,542
Cash and Equivalents

CALIFORNIA HSG FIN AGY MUN CTFS 4%

0.88
23,674,310
municipal

UNIVERSITY CALIF REVS 0%

0.81
21,730,000
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 3.33%

0.79
21,190,000
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 3.33%

0.79
21,100,000
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 3.5%

0.76
20,524,562
municipal

CALIFORNIA MUN FIN AUTH REV 3.35%

0.76
20,300,000
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

0.67
18,062,472
municipal

UNIVERSITY CALIF REVS 3.65%

0.58
15,700,000
municipal