American Funds Tax-Exempt Fund of California® Class F-3 (EXCAX)
| Fund Assets | 3.52B |
| Expense Ratio | 0.27% |
| Min. Investment | $1,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 3.24% |
| Dividend Growth | 1.04% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 16.95 |
| YTD Return | 1.24% |
| 1-Year Return | 5.50% |
| 5-Year Return | 6.55% |
| 52-Week Low | 15.42 |
| 52-Week High | 16.96 |
| Beta (5Y) | n/a |
| Holdings | 1698 |
| Inception Date | Jan 27, 2017 |
About EXCAX
American Funds Tax-Exempt Fund of California F-3 is a municipal bond mutual fund focused on delivering a high level of current income that is exempt from both federal and California state income taxes. The fund primarily invests in investment-grade municipal bonds issued by the state of California and its various municipalities and agencies. Its secondary objective is the preservation of capital, making it oriented toward risk-averse investors seeking consistent, tax-advantaged income. The portfolio is well diversified, typically holding hundreds of securities, and emphasizes higher quality bonds to reduce credit risk. The fund is structured for California residents and is managed by a seasoned team using a research-driven approach. Monthly dividend distributions and a below-average expense ratio further support the fund’s appeal, while its performance is measured against indexes such as the Bloomberg California Municipal Index. As a significant participant in the "Muni California Long" category, this fund provides an important option for investors seeking tax-exempt income within the state’s municipal bond sector.
Performance
EXCAX had a total return of 5.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.10%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VCITX | Vanguard | Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 0.14% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04709 | Feb 2, 2026 |
| Dec 31, 2025 | $0.04882 | Jan 2, 2026 |
| Nov 28, 2025 | $0.04504 | Dec 1, 2025 |
| Oct 31, 2025 | $0.04683 | Nov 3, 2025 |
| Sep 30, 2025 | $0.04516 | Oct 1, 2025 |
| Aug 29, 2025 | $0.04636 | Sep 2, 2025 |