The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TEAFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TEAFX 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 TEAFX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A standout.
Elizabeth Foos
Associate Director
Summary
With its skilled investors, American Funds Tax-Exempt Bond’s collaborative and robust approach merits a Process rating upgrade to High from Above Average.