TECFX: American Funds Tax-Exempt Fund of CA F1

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TECFX American Funds Tax-Exempt Fund of CA F1


Profile

TECFX - Profile

Vitals

  • YTD Return -1.1%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $2.73 B
  • Holdings in Top 10 6.8%

52 WEEK LOW AND HIGH

$17.86
$16.58
$18.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.76%
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.


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Categories

Performance

TECFX - Performance

Return Ranking - Trailing

Period TECFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -7.6% 2.2% 35.57%
1 Yr -0.2% -4.3% 4.9% 43.68%
3 Yr 0.5%* -1.8% 1.8% 27.59%
5 Yr 0.3%* -1.2% 2.0% 41.29%
10 Yr 1.0%* -0.3% 1.7% 19.53%

* Annualized

Return Ranking - Calendar

Period TECFX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% 2.4% 8.8% 50.00%
2018 -2.2% -6.2% 2.8% 34.62%
2017 2.8% -0.2% 6.8% 37.35%
2016 -3.1% -7.9% -1.7% 45.86%
2015 0.0% -1.9% 1.8% 59.09%

Total Return Ranking - Trailing

Period TECFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -7.6% 2.2% 35.57%
1 Yr -0.2% -4.3% 4.9% 43.68%
3 Yr 0.5%* -1.8% 2.8% 32.76%
5 Yr 0.3%* -1.2% 3.3% 44.52%
10 Yr 1.0%* -0.3% 4.4% 24.22%

* Annualized

Total Return Ranking - Calendar

Period TECFX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% 2.4% 8.8% 50.00%
2018 -2.2% -6.2% 2.8% 36.81%
2017 2.8% -0.2% 6.9% 42.77%
2016 -3.1% -7.9% 0.8% 49.04%
2015 0.0% -1.9% 3.7% 63.64%

NAV & Total Return History


Holdings

TECFX - Holdings

Concentration Analysis

TECFX Category Low Category High TECFX % Rank
Net Assets 2.73 B 2.77 M 15.7 B 12.37%
Number of Holdings 1184 19 4406 3.09%
Net Assets in Top 10 188 M -117 M 2.84 B 20.62%
Weighting of Top 10 6.75% 3.4% 72.3% 97.42%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High TECFX % Rank
Bonds
97.58% 90.04% 139.32% 68.04%
Cash
2.42% -39.32% 9.96% 30.93%
Stocks
0.00% 0.00% 0.10% 74.74%
Preferred Stocks
0.00% 0.00% 0.00% 74.74%
Other
0.00% -0.14% 2.27% 74.74%
Convertible Bonds
0.00% 0.00% 0.00% 74.74%

Bond Sector Breakdown

Weighting Return Low Return High TECFX % Rank
Municipal
97.58% 48.57% 101.06% 70.10%
Cash & Equivalents
2.42% -0.27% 10.98% 30.93%
Derivative
0.00% 0.00% 0.00% 74.74%
Securitized
0.00% 0.00% 0.00% 74.74%
Corporate
0.00% 0.00% 2.65% 78.35%
Government
0.00% -0.79% 47.09% 75.26%

Bond Geographic Breakdown

Weighting Return Low Return High TECFX % Rank
US
96.59% 83.68% 135.97% 59.79%
Non US
0.99% 0.00% 8.76% 57.22%

Expenses

TECFX - Expenses

Operational Fees

TECFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.09% 3.74% 59.59%
Management Fee 0.29% 0.00% 0.65% 10.31%
12b-1 Fee 0.25% 0.00% 1.00% 52.38%
Administrative Fee 0.05% 0.01% 0.33% 23.53%

Sales Fees

TECFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 5.00% 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 27.00% 2.00% 235.00% 60.62%

Distributions

TECFX - Distributions

Dividend Yield Analysis

TECFX Category Low Category High TECFX % Rank
Dividend Yield 0.00% 0.00% 0.95% 83.51%

Dividend Distribution Analysis

TECFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TECFX Category Low Category High TECFX % Rank
Net Income Ratio 2.76% 0.73% 5.75% 55.44%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TECFX - Fund Manager Analysis

Managers

Karl Zeile


Start Date

Tenure

Tenure Rank

Jan 01, 2003

17.34

17.3%

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

Mark Marinella


Start Date

Tenure

Tenure Rank

Oct 01, 2018

1.58

1.6%

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
0.08 31.35 8.74 7.17