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 212 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
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	TAFTX vs VTMFX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	TAFTX vs FHMIX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	TAFTX vs NMTRX
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 69. There are 291 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
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	TAFTX vs ATOIX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	TAFTX vs DFCMX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	TAFTX vs DNYMX
DFSMX	DFA Short Term Municipal Bond Portfolio	99	—	Aug 2002	TAFTX vs DFSMX

Top Performing TAFTX Alternatives (YTD)

TAFTX is at 1.58% YTD. There are 242 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	13.22%	—	Apr 1998	TAFTX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	9.70%	—	Nov 2002	TAFTX vs NRK
AFB	AllianceBernstein National Municipal Income Fund	7.62%	—	Nov 2001	TAFTX vs AFB
MIY	BlackRock MuniYield Michigan Quality Fund	6.57%	—	Oct 1992	TAFTX vs MIY
NPV	Nuveen Virginia Quality Municipal Income Fund	6.33%	—	Mar 1993	TAFTX vs NPV

Lowest Volatility Alternatives to TAFTX

TAFTX has 2.80% 1-year volatility. There are 275 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	TAFTX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	TAFTX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	TAFTX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.60%	—	May 2016	TAFTX vs USMTX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.61%	—	Aug 2002	TAFTX vs DFSMX

Lowest Drawdown Alternatives to TAFTX

TAFTX has a 1-year max drawdown of -3.05%. There are 353 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
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	TAFTX vs APUSX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	TAFTX vs TFCYX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	TAFTX vs FHMIX

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	82	9.39%	—	Jul 1975	TAFTX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	45	8.86%	—	Jan 1934	TAFTX vs AIVSX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	5.48%	—	Jul 1952	TAFTX vs AWSHX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	30	8.89%	—	Dec 1973	TAFTX vs RGAGX
RERGX	American Funds EUPAC Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed	48	13.57%	—	May 2009	TAFTX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities, Actively Managed	68	14.25%	—	Aug 1978	TAFTX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Global Equities, Large Cap Growth Equities, Actively Managed	28	6.46%	—	Mar 1973	TAFTX vs ANWPX
GFFFX	American Funds The Growth Fund of America Class F-...	Large Cap Growth Equities	30	8.83%	—	Dec 1973	TAFTX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	48	5.72%	—	Dec 1973	TAFTX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	21	4.20%	—	Jan 1967	TAFTX vs AMCPX

Often Compared With TAFTX

Investors most often compare TAFTX with ACTHX, CMF, FMNDX. These 20 comparison targets span 8 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	65	2.88%	—	Jan 1986	TAFTX vs ACTHX
CMF	iShares California Muni Bond ETF	Municipal Bonds	68	1.21%	4.48B	Oct 2007	TAFTX vs CMF
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	98	1.01%	—	Oct 2013	TAFTX vs FMNDX
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	94	1.84%	—	Oct 2017	TAFTX vs DCARX
MCFTX	MFS California Municipal Bond Fund	Municipal Bonds	65	2.24%	—	Jun 1985	TAFTX vs MCFTX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	78	1.81%	—	Jun 2012	TAFTX vs FXIEX
AGTHX	American Funds The Growth Fund of America Class A	Large Cap Growth Equities	29	8.72%	—	Dec 1973	TAFTX vs AGTHX
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	51	5.45%	—	Mar 1998	TAFTX vs MUJ
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	97	0.77%	—	Dec 2017	TAFTX vs FGNSX
FKTFX	Franklin California Tax Free Income Fund	Municipal Bonds	67	1.88%	—	Jan 1977	TAFTX vs FKTFX
MFEGX	MFS Growth Fund Class A	Large Cap Growth Equities	10	3.58%	—	Dec 1986	TAFTX vs MFEGX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	94	2.05%	—	Nov 2014	TAFTX vs DMREX
CAIBX	American Funds Capital Income Builder Class A	Diversified Portfolio	62	7.48%	—	Jul 1987	TAFTX vs CAIBX
COSIX	Columbia Strategic Income Fund	Nontraditional Bonds	40	1.54%	—	Apr 1977	TAFTX vs COSIX
FRSGX	Franklin Small-Mid Cap Growth Fund	Mid Cap Growth Equities	8	6.91%	—	Feb 1992	TAFTX vs FRSGX
MQY	BlackRock MuniYield Quality Fund	Municipal Bonds	21	4.72%	—	Jul 1992	TAFTX vs MQY
AMRMX	American Funds American Mutual Fund Class A	Large Cap Blend Equities	42	6.69%	—	Feb 1950	TAFTX vs AMRMX
MUC	BlackRock MuniHoldings California Quality Fund	Municipal Bonds	36	5.84%	—	Feb 1998	TAFTX vs MUC
MVCAX	MFS Mid Cap Value Fund	Mid Cap Value Equities	32	10.91%	—	Aug 2001	TAFTX vs MVCAX
TAIAX	American Funds Tax-Aware Conservative Growth and I...	Diversified Portfolio	70	6.28%	—	May 2012	TAFTX vs TAIAX

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