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American Funds Tax-exempt Fund Of Ca A (tx-ex Srs Ii): (MF: TAFTX)
(NASDAQ Mutual Funds) As of May 14, 2024 08:00 PM ET
$16.64 USD
+0.02 (0.12%)
Zacks MF Rank
4-Sell of 5 4
Fund Description
The fund was incepted in October 1986 and is managed by Capital Research and Management Company. The fund's main objective is to provide current income free from federal and California income taxes and to preserve capital. The fund primarily invests in investment-grade securities issued by the state of California (and its political subdivisions, municipalities and public authorities) that are exempt from both federal and California income taxes. The fund may invest up to 20% of assets in bonds subject to the alternative minimum tax. The fund also considers that not more than 20 % of assets are invested in securities rated below investment-grade. Dividends, if any, are distributed monthly.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| American Funds Tax Exempt of CA A | TAFTX | 3.75 | NA | 0.00 | 0.25 | 0.25 | 0.57 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| American Funds Tax Exempt of CA A | TAFTX | 16.62 | 10/28/1986 | 0.91 | 2.94 | -1.14 | 1.18 |
| American Funds Tax Exempt of CA C | TECCX | 16.63 | 3/15/2001 | 0.65 | 2.15 | -1.87 | 0.44 |
| American Funds Tax Exempt of CA F | TECFX | 16.63 | 10/28/1986 | 0.87 | 2.85 | -1.23 | 1.09 |
| American Funds Tax Exempt of CA F2 | TEFEX | 16.63 | 8/1/2008 | 0.97 | 3.14 | -0.97 | 1.36 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| American Funds Tax Exempt of CA A | TAFTX | 1000 | 50 | 0 | M |
Contact Information
| Family | American Funds |
| Address | 333 S Hope St Los Angeles, CA 90071 |
| Phone | 800 421-4225 |