American Funds Tax-Exempt Fund of CA F-2 (TEFEX)

Fund Assets	3.67B
Expense Ratio	0.40%
Min. Investment	$1,000
Turnover	32.00%
Dividend (ttm)	0.54
Dividend Yield	3.27%
Dividend Growth	0.81%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	16.56
YTD Return	0.44%
1-Year Return	5.31%
5-Year Return	3.51%
52-Week Low	16.22
52-Week High	17.06
Beta (5Y)	0.04
Holdings	1826
Inception Date	Aug 22, 2008

About TEFEX

American Funds Tax-Exempt Fund of California Class F-2 is a municipal bond mutual fund designed to generate income that is exempt from both federal and California state income taxes. Its primary function is to provide California residents with tax-advantaged income through investments in a diversified portfolio of high-quality, long-term municipal bonds issued by California state and local governments or related entities. The fund focuses predominantly on revenue bonds, which support various infrastructure and public service projects within the state, as well as general obligation bonds. Notable features include a broad diversification across more than 1,600 individual holdings, low portfolio concentration in any single issuer, and a disciplined, research-driven approach managed by an experienced team. With an effective duration typically exceeding six years, the fund’s holdings are structured for investors seeking exposure to long-maturity municipal debt. The fund regularly distributes income monthly and is recognized for its relatively low expense ratio within its category. By offering targeted tax-exempt income, the fund plays a key role in helping California-based investors mitigate state and federal tax liabilities while supporting important public works and community projects throughout California.

• Fund Family: Capital Group
• Category: Muni California Long
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: TEFEX
• Share Class: Class F-2
• Index: Bloomberg California TaxExempt Muni Bd TR

Performance

TEFEX had a total return of 5.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.56%.

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%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
EXCAX	Class F-3	0.29%
TAFTX	Class A	0.56%
TECFX	Class F-1	0.66%
TECCX	Class C	1.31%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.04584	Aug 3, 2026
Jun 30, 2026	$0.04475	Jul 1, 2026
May 29, 2026	$0.04577	Jun 1, 2026
Apr 30, 2026	$0.04595	May 1, 2026
Mar 31, 2026	$0.04606	Apr 1, 2026
Feb 27, 2026	$0.04199	Mar 2, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

Data Sources Report a data error