The Tax-exempt Fund Of California - Class F-3: (MF: EXCAX)
(NASDAQ Mutual Funds) As of May 15, 2025 08:00 PM ET
$16.31 USD
+0.03 (0.18%)
Fund Description
The fund was incepted in May 1992 and is managed by Boston Management and Research. The main objective of the fund is to provide a high level of current income exempt from regular federal income taxes and California state personal income taxes, and limited principal fluctuation. The fund pursues its objective by investing in California Limited Maturity Municipals portfolio. The fund normally invests at least 80% of its net assets in municipal obligations that are exempt from such tax. The fund may also invest in lower rated obligations. The fund maintains a dollar weighted average portfolio duration of between three and nine years. The portfolio manager purchases and sells securities to maintain a competitive yield and to enhance return based upon the relative value of the securities in the marketplace. The portfolio managers may also trade securities to minimize taxable capital gains to shareholders. Dividends are declared daily and paid monthly. Capital gains, if any, are distributed annually in December.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| American Funds Tax Exempt of CA F3 | EXCAX | NA | NA | 0.00 | 0.00 | 0.25 | 0.30 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| American Funds Tax Exempt of CA A | TAFTX | 16.33 | 10/28/1986 | 2.99 | 2.22 | 2.44 | 1.44 |
| American Funds Tax Exempt of CA C | TECCX | 16.33 | 3/15/2001 | 2.20 | 1.44 | 1.66 | 0.69 |
| American Funds Tax Exempt of CA F | TECFX | 16.32 | 10/28/1986 | 2.89 | 2.12 | 2.35 | 1.34 |
| American Funds Tax Exempt of CA F2 | TEFEX | 16.33 | 8/1/2008 | 3.18 | 2.40 | 2.63 | 1.61 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| American Funds Tax Exempt of CA F3 | EXCAX | 1000 | 50 | 0 | M |
Contact Information
| Family | American Funds |
| Address | 333 S Hope St Los Angeles, CA 90071 |
| Phone | 800 421-4225 |