TAFTX Alternatives & Similar Mutual Funds

American Funds Tax-Exempt Fund of California (TAFTX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with TAFTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to TAFTX

TAFTX charges 0.57% annually. There are 210 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	TAFTX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	TAFTX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	TAFTX vs FHMIX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	TAFTX vs VTMFX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	TAFTX vs FSMUX

Best Risk-Adjusted Alternatives to TAFTX

TAFTX has a PortfoliosLab risk / return rank of 75. There are 269 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	TAFTX vs DFABX
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	TAFTX vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	TAFTX vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	TAFTX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	TAFTX vs TFCYX

Top Performing TAFTX Alternatives (YTD)

TAFTX is at 1.78% YTD. There are 228 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.06%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	11.06%	—	Apr 1998	TAFTX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	10.21%	—	Nov 2002	TAFTX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	8.32%	—	Oct 1992	TAFTX vs MIY
AFB	AllianceBernstein National Municipal Income Fund	6.66%	—	Nov 2001	TAFTX vs AFB
MUC	BlackRock MuniHoldings California Quality Fund	6.62%	—	Feb 1998	TAFTX vs MUC

Lowest Volatility Alternatives to TAFTX

TAFTX has 2.80% 1-year volatility. There are 276 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.55%	—	Aug 2002	TAFTX vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	TAFTX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.57%	—	Apr 2007	TAFTX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.58%	—	May 2016	TAFTX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	TAFTX vs USMTX

Lowest Drawdown Alternatives to TAFTX

TAFTX has a 1-year max drawdown of -3.05%. There are 352 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	TAFTX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	TAFTX vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	TAFTX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	TAFTX vs TFCYX
DFSMX	DFA Short Term Municipal Bond Portfolio	-0.11%	—	Aug 2002	TAFTX vs DFSMX

Other Mutual Funds from American Funds

The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, AWSHX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	79	9.44%	—	Jul 1975	TAFTX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	40	10.50%	—	Jan 1934	TAFTX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	39	8.07%	—	Jul 1952	TAFTX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	24	9.06%	—	Dec 1973	TAFTX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	37	10.66%	—	May 2009	TAFTX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	62	14.17%	—	Aug 1978	TAFTX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	24	6.76%	—	Mar 1973	TAFTX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	24	9.00%	—	Dec 1973	TAFTX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	55	6.96%	—	Dec 1973	TAFTX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	20	6.73%	—	Jan 1967	TAFTX vs AMCPX

Often Compared With TAFTX

Investors most often compare TAFTX with ACTHX, CMF, MCFTX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ACTHX	Invesco High Yield Municipal Fund	High Yield Muni	82	3.22%	—	Jan 1986	TAFTX vs ACTHX
CMF	iShares California Muni Bond ETF	Single State Muni, Municipal Bonds	76	1.24%	4.57B	Oct 2007	TAFTX vs CMF
MCFTX	MFS California Municipal Bond Fund	Municipal Bonds	76	2.36%	—	Jun 1985	TAFTX vs MCFTX
AGTHX	American Funds The Growth Fund of America Class A	Large Cap Growth Equities	23	8.89%	—	Dec 1973	TAFTX vs AGTHX
FRSGX	Franklin Small-Mid Cap Growth Fund	Mid Cap Growth Equities	8	8.28%	—	Feb 1992	TAFTX vs FRSGX
FKTFX	Franklin California Tax Free Income Fund	Municipal Bonds	74	2.20%	—	Jan 1977	TAFTX vs FKTFX
AMRMX	American Funds American Mutual Fund Class A	Large Cap Blend Equities	49	9.67%	—	Feb 1950	TAFTX vs AMRMX
MFEGX	MFS Growth Fund Class A	Large Cap Growth Equities	9	4.64%	—	Dec 1986	TAFTX vs MFEGX
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	95	2.04%	—	Oct 2017	TAFTX vs DCARX
COSIX	Columbia Strategic Income Fund	Nontraditional Bonds	38	1.40%	—	Apr 1977	TAFTX vs COSIX
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	98	1.24%	—	Oct 2013	TAFTX vs FMNDX
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	70	6.57%	—	Mar 1998	TAFTX vs MUJ
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	88	2.22%	—	Jun 2012	TAFTX vs FXIEX
CAIBX	American Funds Capital Income Builder Class A	Diversified Portfolio	68	8.71%	—	Jul 1987	TAFTX vs CAIBX
MVCAX	MFS Mid Cap Value Fund	Mid Cap Value Equities	32	13.14%	—	Aug 2001	TAFTX vs MVCAX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	95	2.15%	—	Nov 2014	TAFTX vs DMREX
NPV	Nuveen Virginia Quality Municipal Income Fund	Municipal Bonds	29	6.33%	—	Mar 1993	TAFTX vs NPV
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	Municipal Bonds	19	1.00%	—	Dec 2017	TAFTX vs APUSX
DNYMX	DFA NY Municipal Bond Portfolio	Municipal Bonds	99	1.29%	—	Jun 2015	TAFTX vs DNYMX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	98	1.02%	—	Dec 2017	TAFTX vs FGNSX

Compare TAFTX with Any Fund or Stock

Compare TAFTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair TAFTX with funds that move differently

American Funds Tax-Exempt Fund of California alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TAFTX.

Explore TAFTX Diversifiers

American Funds Tax-Exempt Fund of California (TAFTX) Alternatives