American Funds Tax Exempt Fund of California� Class C

 (MUTF:TECCX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.17%
   
1 week   +0.38%
   
4 week   +0.87%
   
3 month   +2.89%
   
YTD   +1.51%
   
1 year   +3.59%
   
3 years*   +3.25%
   
5 years*   +6.40%
   
*annualized
Best 3 month return+9.92%  
Worst 3 month return-10.42%  

Morningstar statistics

Morningstar category: Muni California Intermediate
  Return Risk Rating
3 years Average Above Average
5 years Above Average Above Average
10 years Average Above Average
Overall Average Above Average

Key statistics

Total assets1.81B 
Front load-  
Deferred load1.00%  
Expense ratio1.40%  
Management fee-  
Fund familyAmerican Funds 

Asset allocation

Cash6.59%  
Stocks0.00%  
Bonds93.41%  
Other0.00%  

Purchase information

Initial$250  
Additional$50  
AIP Initial$0  
AIP Additional$50  
18.03+0.03(0.17%)
Feb 11, 4:00PM EST Overall Morningstar RatingTM

Description

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. 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.
Fund filings (PDF) »
Asset managers:
Karl Zeile (Started: Jan 1, 2003)
Neil Langberg (Started: Oct 28, 1986)
Advisor Company:
Capital Research and Management Company
Fund family reports on Morningstar »
American Funds, 4 Embarcadero Center P.O. Box 7650, San Francisco, CA 94120, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* -0.26 -0.52 0.09 -1.46
Beta* 0.85 1.06 1.07 1.18
Mean annual return 0.17 0.26 0.51 0.33
R-squared* 96.22 96.97 96.31 86.05
Standard deviation 1.86 3.73 3.72 5.53
Sharpe ratio 1.07 0.82 1.63 0.51
* Against standard index

Top 10 holdings