TAFTX : American Funds Tax-Exempt Fund of California® Class A

TAFTX is a Bond Market Municipal Bond with MODERATE fees.

TAFTX

American Funds Tax-Exempt Fund of California® Class A

FI Score

69 /100

Expense Ratio Rating

7 /10

Expense Rating

4 /10

Market Score

8 /10

Category Score

8 /10

Market Size

8 /10

69% FI Score
  • taftx
  • Mutual Fund
  • Bond
  • Municipal Bond

American Funds Tax-Exempt Fund of California® Class A

Expenses: 0.59% (Better than 1% of similar funds)

This is an OK choice for a Municipal Bond Bond fund. See why »

Fund Summary

The investment seeks a high level of current income exempt from regular federal and California state 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. 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.

Largest Holdings

Amount Holding
0.87% BAY AREA TOLL AUTH CALIF TOLL BRDG REV 5%
0.85% CALIFORNIA ST DEPT WTR RES CENT VY PROJ REV 4%
0.76% METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 0.69%
0.69% CALIFORNIA HSG FIN AGY MUN CTFS 4.25%
0.67% CALIFORNIA ST 4%
0.65% METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 1.36%
0.64% FRETE 2019-ML05 TR 3.35%
0.62% CALIFORNIA ST 4%
0.51% CALIFORNIA HEALTH FACS FING AUTH REV 4%
0.49% CALIFORNIA ST 5%

Minafi - The intersection of FI, minimalism & mindfulness.

Don't miss out on new posts, courses, interactive articles and more!

Join & Get Your First Course Free

© 2025   Adam Fortuna

Site Map
Triangle Graduation Cap Angle Down Book regular Phone laptop regular fire regular fire regular search regular Acorn duotone Seedling duotone thumbs down duo thumbs up duo