American Funds Tax-Exempt Fund of CA Cl F-1 Shs (TECFX)
American Funds Tax-Exempt Fund of CA Cl F-1 Shs operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $16.67, up 0.00% on the session, giving a market capitalisation of $3.73B. Its beta of 1.00 implies it has historically moved less than the broad market.
This fund is designed to achieve its investment goals primarily by allocating capital to municipal debt instruments originating from the State of California, its various agencies, and local government bodies. While its core focus remains within California, the portfolio also possesses the flexibility to acquire municipal securities issued by jurisdictions beyond the state's borders. A key mandate for the fund is to ensure that a minimum of 80% of its total assets, or the income generated from them, comes from securities that are exempt from both standard federal and California state income taxes, and which, importantly, do not expose investors to the federal Alternative Minimum Tax (AMT).
American Funds Tax-Exempt Fund of CA Cl F-1 Shs is most often compared with the following Financial Services names: