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Company Details

American Funds Tax-Exempt Fund of CA Cl F-1 Shs

TECFX - NASDAQ

Identifiants & Marche

Ticker TECFX
ISIN N/A
CIK 0000794389
Bourse NASDAQ
Devise USD

Classification

Secteur Financial Services
Industrie Asset Management

Entreprise

Pays US
Siege N/A
Fondee N/A
Site Web N/A

Description

The fund seeks to achieve its objectives by primarily investing in municipal bonds issued by the state of California and its agencies and municipalities. It may also invest in municipal securities that are issued by jurisdictions outside California. The fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from both regular federal and California income taxes and that do not subject the investors to federal alternative minimum tax.
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