TEFEX — Tax-Exempt Fund of California
Data updated: 2026-06-26
TEFEX — Tax-Exempt Fund of California data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $3.62B AUM · 0.40% expense ratio · 6.1% 1-yr return. From SEC regulatory filings.
TEFEX Fund Overview
TEFEX — Tax-Exempt Fund of California is a US mutual fund managed by American Funds Tax Exempt Series II / Ca, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: American Funds Tax Exempt Series II / Ca
- Category: Long Municipal - National Bond
- Assets under management: $3.62B
- 1-year return: 6.1%
- Ticker: TEFEX
- SEC CIK: 0000794389
- SEC series ID: S000009239
- Share class ID: C000068592
TEFEX Holdings
Top 10 holdings of Tax-Exempt Fund of California by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| California Community Choice Financing Authority | 1.14% |
| California Housing Finance Agency | 0.85% |
| California Community Choice Financing Authority | 0.85% |
| California Statewide Cmntys Dev Auth | 0.81% |
| California Community Choice Financing Authority | 0.79% |
| California Housing Finance Agency | 0.65% |
| California Community Choice Financing Authority | 0.64% |
| California Community Choice Financing Authority | 0.64% |
| California Community Choice Financing Authority | 0.64% |
| Bay Area Toll Authority | 0.64% |
TEFEX Portfolio Allocation
Asset-class allocation of Tax-Exempt Fund of California by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.6% |
TEFEX Performance
Total returns for TEFEX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.9% |
| 1 year | 6.1% |
| 3 years (annualised) | 3.9% |
| 5 years (annualised) | 1.1% |
TEFEX Risk Information
Risk metrics for TEFEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.4%
TEFEX Costs and Fees
TEFEX costs about $40 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.40%
- Gross expense ratio: 0.40%
- Portfolio turnover: 32%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
TEFEX Cashflows
Over the 12 months to 2026-04, Tax-Exempt Fund of California had net inflows of $332.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $43.44M |
| 2026-03 | $46.13M |
| 2026-02 | $41.48M |
| 2026-01 | $86.48M |
| 2025-12 | $43.79M |
| 2025-11 | $34.80M |
TEFEX Debt Constituents
Largest debt holdings of Tax-Exempt Fund of California by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| California Community Choice Financing Authority | 1.14% |
| California Housing Finance Agency | 0.85% |
| California Community Choice Financing Authority | 0.85% |
| California Statewide Cmntys Dev Auth | 0.81% |
| California Community Choice Financing Authority | 0.79% |
| California Housing Finance Agency | 0.65% |
| California Community Choice Financing Authority | 0.64% |
| California Community Choice Financing Authority | 0.64% |
| California Community Choice Financing Authority | 0.64% |
| Bay Area Toll Authority | 0.64% |
TEFEX Prospectus and SEC Filings
Official Tax-Exempt Fund of California filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.