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.
See your Portfolio Score and get data driven insights in ~60 seconds.
Opens in PortfolioPilot
Based on technical indicators and chart patterns, TECCX shows...
Market sentiment analysis indicates...