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Mutual Fund Insights: American Funds Tax-Exempt CA A Fund (TAFTX)

In-depth Analysis of American Funds Tax-Exempt CA A Fund (TAFTX)

Mutual fund chart: American Funds Tax-Exempt CA A Fund (TAFTX)

3 months
6 months
1 year
3 year
5 year

See American Funds Tax-Exempt CA A Fund (TAFTX) performance details as of January 31, 2010

  

    Last Trade: $15.97 on 3/12/2010, Change: +0.01 (0.06%)

  

Fund Manager - Neil L. Langberg

Fund Manager Tenure: 23.4 years
Fundmojo Fund Grade: C (Score: 0.53)     (What does this score mean?)
Langberg is a vice president with Capital Research and Management Company, his employer since 1978.  Get more insights on Neil L. Langberg

  

What we like about American Funds Tax-Exempt CA A Fund (TAFTX) What we like about American Funds Tax-Exempt CA A Fund (TAFTX)

Data for American Funds Tax-Exempt CA A Fund (TAFTX) as of January 31, 2010

  • American Funds Tax-Exempt CA A Fund (TAFTX) management has been with American Funds Tax-Exempt CA A Fund for 23.4 years
  • American Funds Tax-Exempt CA A Fund (TAFTX) has good short-term performance (1-year return 14.57% vs 6.78% Muni California Interm/Short category average)
  • American Funds Tax-Exempt CA A Fund (TAFTX) ratio of up-years vs down years is greater than 2
  • American Funds Tax-Exempt CA A Fund (TAFTX) has an annual stock turnover rate of 17.00% vs Muni California Interm/Short average of 40.69%. It is good that American Funds Tax-Exempt CA A management does not trade extensively for its return.
  • American Funds Tax-Exempt CA A Fund (TAFTX) has a lower management fee than its Muni California Interm/Short average: 0.63% vs 0.85%

  

What we are cautious about American Funds Tax-Exempt CA A Fund (TAFTX) What we are cautious about American Funds Tax-Exempt CA A Fund (TAFTX)

Data for American Funds Tax-Exempt CA A Fund (TAFTX) as of January 31, 2010

  • American Funds Tax-Exempt CA A Fund (TAFTX) has a less-than-ideal mid-term performance (3-year return 2.29% vs 3.31% Muni California Interm/Short category average)
  • American Funds Tax-Exempt CA A Fund (TAFTX) has a less-than-ideal Long-term performance (5-year return 2.94% vs 3.02% Muni California Interm/Short category average)
  • American Funds Tax-Exempt CA A Fund (TAFTX) has a Morningstar rating of 3 and below
  • American Funds Tax-Exempt CA A Fund (TAFTX) is less safe compared to its Muni California Interm/Short peers
  • American Funds Tax-Exempt CA A Fund (TAFTX) does not have a good risk adjusted return as its 3-year Alpha of -2.8 is worse than category average of -0.68, and its 3-year Sharpe ratio is 0.08
  • American Funds Tax-Exempt CA A Fund (TAFTX) is more volatile than its peers as it has a 3-year Standard Deviation of 8.21 that is higher than category average of 5.03
  • American Funds Tax-Exempt CA A Fund (TAFTX) carries a 3.75% load
See American Funds Tax-Exempt CA A Fund (TAFTX) performance details as of January 31, 2010

  

  

Interested in other top mutual funds in similar Muni California Interm/Short category?

Below are some additional Muni California Interm/Short mutual funds generated out of our database

  

American Funds Tax-Exempt CA A Fund (TAFTX) Net Asset

Track net asset change of American Funds Tax-Exempt CA A fund (TAFTX)

DateNet Asset
01/2010$1.34B
11/2009$1.34B
10/2009$1.39B
More historic net asset information on American Funds Tax-Exempt CA A Fund (TAFTX)

  

American Funds Tax-Exempt CA A Fund (TAFTX) Portfolio Allocation

Track portfolio allocation change of American Funds Tax-Exempt CA A fund (TAFTX)

DateCashStockBondOther
09/20090.37%0%99.63%0%
06/20091.3%0%98.7%0%
03/20092.98%0%97.02%0%
Click here to see more historic asset allocation information on American Funds Tax-Exempt CA A Fund (TAFTX)

  

Most Recent Top 10 Holdings in American Funds Tax-Exempt CA A Fund (TAFTX)

Discover what American Funds Tax-Exempt CA A Fund (TAFTX) manager is buying

30-Sep-09
California St Dept Wtr Res Pwr Rev Bd 5% [1.1%]
Golden St Tob Securitization C Tobacc 5% [1.06%]
California Pollutn Ctl Fing Au Pol 4.75% [0.9%]
Imperial Calif Irr Dist 5% [0.88%]
California Health Facs Fing Au Ref Re 5% [0.86%]
Adelanto Calif Pub Util Auth [0.79%]
Santa Clara Cnty Calif Fing Au Lease 5% [0.68%]
Roseville Calif Nat Gas Fing A Gas Re 5% [0.64%]
Los Angeles Calif Hbr Dept Rev Ref Re 5% [0.62%]
Chula Vista Calif Indl Dev Rev Rev Bd 5% [0.61%]

30-Jun-09
California St Dept Wtr Res Pwr Rev Bd 5% [1.1%]
Golden St Tob Securitization C Tobacc 5% [1.06%]
California Pollutn Ctl Fing Au Pol 4.75% [0.9%]
Imperial Calif Irr Dist 5% [0.88%]
California Health Facs Fing Au Ref Re 5% [0.86%]
Adelanto Calif Pub Util Auth [0.79%]
Santa Clara Cnty Calif Fing Au Lease 5% [0.68%]
Roseville Calif Nat Gas Fing A Gas Re 5% [0.64%]
Los Angeles Calif Hbr Dept Rev Ref Re 5% [0.62%]
Chula Vista Calif Indl Dev Rev Rev Bd 5% [0.61%]

31-Mar-09
California St Dept Wtr Res Pwr Rev Bd 5% [1.11%]
Golden St Tob Securitization C Tobacc 5% [0.95%]
Imperial Calif Irr Dist 5% [0.9%]
California Pollutn Ctl Fing Au Pol 4.75% [0.84%]
California Health Facs Fing Au Ref Re 5% [0.84%]
Adelanto Calif Pub Util Auth [0.81%]
Santa Clara Cnty Calif Fing Au Lease 5% [0.69%]
LOS ANGELES CALIF HBR DEPT REV REF REV B [0.61%]
CALIFORNIA ST GO BDS [0.61%]
Golden St Tob Securitization C Ass 6.25% [0.6%]
Click here for Stock Holding Change Map in American Funds Tax-Exempt CA A Fund (TAFTX)

  

Related books and products to American Funds Tax-Exempt CA A Fund (TAFTX)

  

Latest News on American Funds Tax-Exempt CA A (TAFTX)

See what is happening with American Funds Tax-Exempt CA A Fund (TAFTX)

 

Books and Resources

 

 

See more information on American Funds Tax-Exempt CA A Fund (TAFTX)