PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
American Funds Tax-Exempt Fund of California (TAFT...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US02630B1098

CUSIP

02630B109

Issuer

American Funds

Inception Date

Oct 27, 1986

Min. Investment

$1,000

Asset Class

Bond

Expense Ratio

TAFTX features an expense ratio of 0.57%, falling within the medium range.


Expense ratio chart for TAFTX: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%

Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
TAFTX vs. ACTHX
Popular comparisons:
TAFTX vs. ACTHX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in American Funds Tax-Exempt Fund of California, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


500.00%1,000.00%1,500.00%2,000.00%JulyAugustSeptemberOctoberNovemberDecember
508.91%
2,004.41%
TAFTX (American Funds Tax-Exempt Fund of California)
Benchmark (^GSPC)

Returns By Period

American Funds Tax-Exempt Fund of California had a return of 1.96% year-to-date (YTD) and 2.42% in the last 12 months. Over the past 10 years, American Funds Tax-Exempt Fund of California had an annualized return of 2.21%, while the S&P 500 had an annualized return of 11.06%, indicating that American Funds Tax-Exempt Fund of California did not perform as well as the benchmark.


TAFTX

YTD

1.96%

1M

-0.72%

6M

1.06%

1Y

2.42%

5Y*

0.96%

10Y*

2.21%

^GSPC (Benchmark)

YTD

24.34%

1M

0.23%

6M

8.53%

1Y

24.95%

5Y*

13.01%

10Y*

11.06%

Monthly Returns

The table below presents the monthly returns of TAFTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.00%0.10%0.12%-1.08%0.18%1.64%0.84%0.77%1.18%-1.40%1.43%1.96%
20232.94%-2.21%1.75%-0.09%-0.75%0.72%0.23%-1.11%-2.62%-1.47%6.54%2.54%6.27%
2022-2.51%-0.57%-2.88%-3.44%1.23%-2.39%3.10%-2.25%-3.72%-0.86%5.00%0.05%-9.24%
20210.56%-1.36%0.73%0.88%0.44%0.27%0.71%-0.32%-0.71%-0.11%0.82%0.14%2.05%
20201.75%1.33%-4.17%-1.83%3.14%0.97%1.69%-0.42%0.07%-0.20%1.62%0.58%4.43%
20190.60%0.45%1.62%0.41%1.53%0.44%0.66%1.65%-0.67%0.09%0.10%0.00%7.10%
2018-1.09%-0.41%0.47%-0.39%1.11%0.07%0.13%0.25%-0.57%-0.68%0.83%1.01%0.71%
20170.38%0.64%0.27%0.72%1.41%-0.10%0.60%0.87%-0.27%0.36%-0.16%1.10%5.95%
20161.00%0.13%0.54%0.64%0.31%1.52%-0.14%0.36%-0.47%-1.03%-4.12%1.26%-0.12%
20151.52%-0.80%0.40%-0.34%-0.28%-0.29%0.68%0.35%0.63%0.39%0.44%0.67%3.40%
20142.49%1.31%0.36%1.23%1.50%0.12%0.23%1.26%0.51%0.56%0.22%0.51%10.77%
20130.69%0.47%-0.21%1.15%-1.05%-3.45%-1.02%-1.60%2.28%0.80%-0.09%-0.16%-2.29%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of TAFTX is 45, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of TAFTX is 4545
Overall Rank
The Sharpe Ratio Rank of TAFTX is 4545
Sharpe Ratio Rank
The Sortino Ratio Rank of TAFTX is 4444
Sortino Ratio Rank
The Omega Ratio Rank of TAFTX is 4747
Omega Ratio Rank
The Calmar Ratio Rank of TAFTX is 4646
Calmar Ratio Rank
The Martin Ratio Rank of TAFTX is 4141
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for American Funds Tax-Exempt Fund of California (TAFTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for TAFTX, currently valued at 0.76, compared to the broader market-1.000.001.002.003.004.000.762.10
The chart of Sortino ratio for TAFTX, currently valued at 1.03, compared to the broader market-2.000.002.004.006.008.0010.001.032.80
The chart of Omega ratio for TAFTX, currently valued at 1.16, compared to the broader market0.501.001.502.002.503.003.501.161.39
The chart of Calmar ratio for TAFTX, currently valued at 0.51, compared to the broader market0.002.004.006.008.0010.0012.0014.000.513.09
The chart of Martin ratio for TAFTX, currently valued at 2.96, compared to the broader market0.0020.0040.0060.002.9613.49
TAFTX
^GSPC

The current American Funds Tax-Exempt Fund of California Sharpe ratio is 0.76. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of American Funds Tax-Exempt Fund of California with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00JulyAugustSeptemberOctoberNovemberDecember
0.76
2.10
TAFTX (American Funds Tax-Exempt Fund of California)
Benchmark (^GSPC)

Dividends

Dividend History

American Funds Tax-Exempt Fund of California provided a 2.87% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 2 consecutive years.


2.00%2.50%3.00%3.50%4.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.48$0.45$0.39$0.37$0.42$0.48$0.51$0.52$0.54$0.59$0.61$0.64

Dividend yield

2.87%2.67%2.42%2.01%2.27%2.65%2.93%2.95%3.13%3.32%3.43%3.84%

Monthly Dividends

The table displays the monthly dividend distributions for American Funds Tax-Exempt Fund of California. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.00$0.43
2023$0.04$0.03$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.45
2022$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.03$0.04$0.39
2021$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.37
2020$0.04$0.03$0.04$0.04$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.42
2019$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.48
2018$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.51
2017$0.05$0.04$0.05$0.04$0.05$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.52
2016$0.05$0.04$0.05$0.05$0.05$0.04$0.05$0.05$0.04$0.04$0.04$0.05$0.54
2015$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.59
2014$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.61
2013$0.05$0.05$0.05$0.05$0.05$0.05$0.06$0.05$0.05$0.05$0.05$0.05$0.64

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.12%
-2.62%
TAFTX (American Funds Tax-Exempt Fund of California)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the American Funds Tax-Exempt Fund of California. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the American Funds Tax-Exempt Fund of California was 16.03%, occurring on Dec 16, 2008. Recovery took 179 trading sessions.

The current American Funds Tax-Exempt Fund of California drawdown is 2.12%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.03%Jan 24, 2008227Dec 16, 2008179Sep 2, 2009406
-14.17%Aug 6, 2021308Oct 25, 2022485Oct 1, 2024793
-13.37%Jun 29, 198781Oct 19, 198752Dec 30, 1987133
-10.81%Mar 10, 20209Mar 20, 2020170Nov 19, 2020179
-9.11%Feb 1, 1994210Nov 21, 199481Mar 14, 1995291

Volatility

Volatility Chart

The current American Funds Tax-Exempt Fund of California volatility is 1.25%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
1.25%
3.79%
TAFTX (American Funds Tax-Exempt Fund of California)
Benchmark (^GSPC)
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab