American Funds Tax Exempt California Fund Class B (TECBX)

17.79
Net Asset Value
-0.06%
1 Day
+0.57%
Year-to-Date
Overall Morningstar Rating
Muni california long
Style or Category
No Load
Sales Expenses
1.37%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of current income exempt from regular federal and California income taxes; its secondary objective is preservation of capital. The fund seeks to achieve its objectives by primarily investing in municipal bonds issued by the state of California and its agencies and municipalities within the state. It may also invest in municipal securities that are issued by jurisdictions outside California. The fund normally invests at least 80% of its assets in, or derives 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 investment to federal AMT.

Performance

1 month+0.06% 3 years+6.78%
3 months+0.95% 5 years+5.53%
1 year+5.47% Since inception+4.72%
Data through --

Peer Comparisonvs. Muni california long

 TECBXCategory
Performance 5-yr return+5.53%+6.10%
Expense ratio1.37%0.97%
Risk 5 year sharpe ratio0.840.87
Net assets$1.6B$1.3B
Average market cap----
Average P/E----
Portfolio turnover15%15%

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Fund Management and Purchase Info

Fund familyAmerican Funds
Fund manager & tenureNeil Langberg / 26 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

Other100.00%
U.S. stock--
International stock--
Fixed income--
Cash--
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- California Pollutn Ctl Fing Au Rev Ref B1.17%
-- Imperial Calif Irr Dist 5%1.04%
-- California Health Facs Fing Au Ref Re 5%0.98%
-- California Statewide Cmntys De Rev Bd 5%0.94%
-- San Buenaventura Calif Rev Rev Bds 7.5%0.82%
-- Sacramento Cnty Calif Santn Di Re 4.121%0.79%
-- Sacramento Calif Mun Util Dist 5.125%0.67%
-- Golden St Tob Securitization C Tob 5.75%0.64%
-- California Mun Fin Auth 8%0.63%
-- California Statewide Cmntys De Re 5.125%0.61%

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