TECFX: American Funds Tax-Exempt Fund of California® - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$18.40

-

0.00%

0.70%

Vitals

YTD Return

0.3%

1 yr return

3.9%

3 Yr Avg Return

4.6%

5 Yr Avg Return

3.0%

Net Assets

$3.23 B

Holdings in Top 10

6.2%

52 WEEK LOW AND HIGH

$18.43
$18.07
$18.55

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni California Long


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$18.40

-

0.00%

0.70%

TECFX - Profile

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 4.6%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.31%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Funds Tax-Exempt Fund of California®
  • Fund Family Name
    American Funds
  • Inception Date
    Mar 20, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Karl Zeile

Fund Description

The fund seeks to achieve its objectives by primarily investing in municipal bonds issued by the state of California and its agencies and municipalities. It may also invest in municipal securities that are issued by jurisdictions outside California. The fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from both regular federal and California income taxes and that do not subject the investors to federal alternative minimum tax.


TECFX - Performance

Return Ranking - Trailing

Period TECFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -88.5% 9.4% 32.22%
1 Yr 3.9% -20.5% 20.4% 39.92%
3 Yr 4.6%* -6.2% 10.9% 39.33%
5 Yr 3.0%* -3.5% 7.1% 33.29%
10 Yr 4.4%* -0.2% 9.3% 23.92%

* Annualized

Return Ranking - Calendar

Period TECFX Return Category Return Low Category Return High Rank in Category (%)
2020 1.7% -91.1% 310.0% 41.89%
2019 4.0% -79.8% 15.4% 36.85%
2018 -2.2% -72.6% 97.2% 39.13%
2017 2.8% -100.0% 7.6% 15.99%
2016 -3.1% -35.9% 96.8% 62.89%

Total Return Ranking - Trailing

Period TECFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -88.5% 9.4% 32.30%
1 Yr 3.9% -24.2% 24.2% 28.25%
3 Yr 4.6%* -7.0% 11.7% 33.08%
5 Yr 3.0%* -4.0% 7.1% 25.48%
10 Yr 4.4%* -0.6% 9.3% 20.58%

* Annualized

Total Return Ranking - Calendar

Period TECFX Return Category Return Low Category Return High Rank in Category (%)
2020 1.7% -91.1% 310.0% 41.85%
2019 4.0% -79.8% 15.4% 38.18%
2018 -2.2% -72.6% 11.0% 40.84%
2017 2.8% -100.0% 7.6% 18.56%
2016 -3.1% -35.9% 3.0% 66.15%

NAV & Total Return History


TECFX - Holdings

Concentration Analysis

TECFX Category Low Category High TECFX % Rank
Net Assets 3.23 B 882 K 88.1 B 13.59%
Number of Holdings 1394 1 12437 5.03%
Net Assets in Top 10 196 M -308 M 3.93 B 16.82%
Weighting of Top 10 6.17% 2.4% 100.0% 96.26%

Top 10 Holdings

  1. CALIFORNIA HSG FIN AGY MUN CTFS 4% 0.94%
  2. BAY AREA TOLL AUTH CALIF TOLL BRDG REV 5% 0.77%
  3. CALIFORNIA ST DEPT WTR RES CENT VY PROJ REV 4% 0.76%
  4. METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 0.01% 0.65%
  5. FRETE 2019-ML05 TR 3.35% 0.54%
  6. CALIFORNIA HSG FIN AGY MUN CTFS 3.5% 0.53%
  7. RIVERSIDE CALIF ELEC REV 0.01% 0.52%
  8. METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 0.06% 0.51%
  9. CALIFORNIA ST 4% 0.49%
  10. CALIFORNIA ST 4% 0.49%

Asset Allocation

Weighting Return Low Return High TECFX % Rank
Bonds
99.20% 46.14% 145.79% 51.51%
Cash
0.81% -45.79% 53.86% 47.85%
Stocks
0.00% -0.15% 2.80% 87.07%
Preferred Stocks
0.00% -3.40% 1.05% 86.41%
Other
0.00% -9.70% 30.00% 86.90%
Convertible Bonds
0.00% -0.02% 1.09% 87.76%

Bond Sector Breakdown

Weighting Return Low Return High TECFX % Rank
Municipal
98.74% 46.14% 100.00% 53.75%
Cash & Equivalents
1.26% 0.00% 53.86% 44.70%
Derivative
0.00% 0.00% 0.09% 87.64%
Securitized
0.00% 0.00% 8.03% 88.09%
Corporate
0.00% 0.00% 11.97% 90.71%
Government
0.00% 0.00% 50.63% 89.07%

Bond Geographic Breakdown

Weighting Return Low Return High TECFX % Rank
US
98.17% 0.00% 141.11% 41.75%
Non US
1.03% 0.00% 100.00% 42.57%

TECFX - Expenses

Operational Fees

TECFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.04% 4.23% 36.66%
Management Fee 0.28% 0.00% 1.60% 12.33%
12b-1 Fee 0.25% 0.00% 1.00% 57.95%
Administrative Fee 0.05% 0.01% 0.47% 15.58%

Sales Fees

TECFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

TECFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TECFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 299.40% 66.99%

TECFX - Distributions

Dividend Yield Analysis

TECFX Category Low Category High TECFX % Rank
Dividend Yield 0.00% 0.00% 35.27% 87.99%

Dividend Distribution Analysis

TECFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Net Income Ratio Analysis

TECFX Category Low Category High TECFX % Rank
Net Income Ratio 2.31% -0.53% 24.00% 45.28%

Capital Gain Distribution Analysis

TECFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

TECFX - Fund Manager Analysis

Managers

Karl Zeile


Start Date

Tenure

Tenure Rank

Jan 01, 2003

18.68

18.7%

Zeile has been employed by Capital and its affiliates since 1999.

Mark Marinella


Start Date

Tenure

Tenure Rank

Oct 01, 2018

2.92

2.9%

Mark Marinella is a fixed income portfolio manager at Capital Group. He has 31 years of investment industry experience and has been with Capital Group for four years. Earlier in his career at Capital, he was head of the Investment Resources Group as well as a senior manager in fixed income. Prior to joining Capital, Mark was a global chief investment officer for fixed income and currencies at State Street Global Advisors. He holds an MBA from Boston College and a bachelor’s degree in economics from the University of Massachusetts. He also holds the Chartered Financial Analyst® designation. Mark is based in Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.44 7.23 0.83