American Funds Tax-Exempt Fund of California Class F-1 (TECFX)
| Fund Assets | 3.60B |
| Expense Ratio | 0.64% |
| Min. Investment | $1,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.49 |
| Dividend Yield | 2.95% |
| Dividend Growth | 2.30% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 16.67 |
| YTD Return | -0.31% |
| 1-Year Return | 3.56% |
| 5-Year Return | 3.61% |
| 52-Week Low | 15.86 |
| 52-Week High | 17.06 |
| Beta (5Y) | n/a |
| Holdings | 1698 |
| Inception Date | Mar 20, 2001 |
About TECFX
American Funds Tax-Exempt Fund of California Class F-1 is a municipal bond mutual fund designed to provide investors with a high level of current income, specifically exempt from both regular federal and California state income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued by the state of California and its related agencies and municipalities, with a focus on revenue bonds and general obligation bonds. Its secondary objective is the preservation of capital, appealing to investors seeking relative stability and tax advantages. The fund typically maintains a substantial allocation to U.S. bonds and distributes income to shareholders on a monthly basis. With a history dating back to 1986 and sizable assets under management, this fund plays an important role in offering California residents an efficient vehicle for accessing tax-exempt municipal income while supporting state and local infrastructure projects.
Performance
TECFX had a total return of 3.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.56%.
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 |
|---|---|---|
| Feb 27, 2026 | $0.03851 | Mar 2, 2026 |
| Jan 30, 2026 | $0.04122 | Feb 2, 2026 |
| Dec 31, 2025 | $0.04361 | Jan 2, 2026 |
| Nov 28, 2025 | $0.03926 | Dec 1, 2025 |
| Oct 31, 2025 | $0.04242 | Nov 3, 2025 |
| Sep 30, 2025 | $0.04019 | Oct 1, 2025 |