American Funds Tax-Exempt Fund of California Class C (TECCX)
| Fund Assets | 3.52B |
| Expense Ratio | 1.29% |
| Min. Investment | $1,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 2.24% |
| Dividend Growth | 5.07% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 16.95 |
| YTD Return | 1.15% |
| 1-Year Return | 4.42% |
| 5-Year Return | 1.10% |
| 52-Week Low | 15.55 |
| 52-Week High | 16.96 |
| Beta (5Y) | n/a |
| Holdings | 1698 |
| Inception Date | Mar 19, 2001 |
About TECCX
American Funds Tax-Exempt Fund of California Class C is a municipal bond mutual fund designed to deliver a high level of current income that is exempt from both regular federal and California state income taxes. The fund primarily invests in municipal bonds issued by California state and local governments, with a focus on higher quality issues such as revenue and general obligation bonds. Notable for its sector-specific emphasis, the fund is particularly relevant for California residents seeking to optimize after-tax income. Providing monthly dividends, it targets income-oriented investors while also prioritizing preservation of capital as a secondary objective. The fund maintains an effective duration of over six years and holds a diversified portfolio of several hundred individual bond issuers. Its significance in the market stems from its role in facilitating tax-efficient income strategies and supporting public sector financing in California. Managed by experienced professionals, the fund reflects a long-standing commitment to stability and municipal bond expertise.
Performance
TECCX had a total return of 4.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.83%.
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 | $0.0324 | Feb 2, 2026 |
| Dec 31, 2025 | $0.03427 | Jan 2, 2026 |
| Nov 28, 2025 | $0.03089 | Dec 1, 2025 |
| Oct 31, 2025 | $0.03232 | Nov 3, 2025 |
| Sep 30, 2025 | $0.03125 | Oct 1, 2025 |
| Aug 29, 2025 | $0.03226 | Sep 2, 2025 |