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American Funds Tax-exempt Fund Of California® Class A (TAFTX)
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27/12 - Closed. Currency in USD
- Morningstar Rating:
- Total Assets: 1.44B
American Funds Tax-Exempt CA A
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- Overview
- Profile
- Historical Data
- Holdings
TAFTX Overview
On this page you'll find an in-depth profile of American Funds Tax-exempt Fund Of California® Class A. Learn about the key management, total assets, investment strategy and contact information of TAFTX among other information.
Investment Strategy
The investment seeks a high level of current income exempt from regular federal and California state income taxes; its secondary objective is preservation of capital. 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.
Contact Information
Address
333 South Hope Street
Los Angeles,CA 90071-1406
United States
Los Angeles,CA 90071-1406
United States
Phone
(800) 421-4225
Top Executives
| Name | Title | Since | Until |
|---|---|---|---|
| Ivan Mirabelli | - | 2024 | Now |
| Biography | Investment professional for12 years in total; 9 years with Capital Research and Management Company or affiliate. | ||
| Mark Marinella | Vice President | 2018 | Now |
| Biography | Mr. Marinella is a Partner at Capital Fixed Income Investors, a division of an affiliate of Capital. Mark Marinella is a fixed income portfolio manager at Capital Group. He has 36 years of investment industry experience and has been with Capital Group for 9 years. Earlier in his career at Capital, he was head of the Investment Resources Group as well as a senior manager in fixed income. Prior to joining Capital, Mark was a global chief investment officer for fixed income and currencies at State Street Global Advisors. He holds an MBA from Boston College and a bachelor’s degree in economics from the University of Massachusetts. He also holds the Chartered Financial Analyst® designation. Mark is based in Los Angeles. | ||
| Karl J. Zeile | Partner | 2003 | Now |
| Biography | Zeile has been employed by Capital and its affiliates since 1999. | ||
| Neil L. Langberg | Senior Vice President | 1986 | 2019 |
| Biography | Langberg is a vice president with Capital Research and Management Company, his employer since 1978. | ||
| Edward B. Nahmias | Vice President | 1998 | 2012 |
| Biography | Nahmias is a vice president with Capital Research Company Investment, his employer since 1990. He has also been with Capital Research & Management Co. or its affiliates since 1996. | ||
| David A. Hoag | Vice President | 1993 | 2005 |
| Biography | David A. Hoag is a fixed income portfolio manager at Capital Group. He also serves on the Fixed Income Management Committee and the Target Date Solutions Committee. He has 36 years of investment industry experience and has been with Capital Group for 32 years. Earlier in his career, as a fixed income investment analyst at Capital, he covered municipal bonds. He holds an MBA in finance from the University of Chicago Booth School of Business and a bachelor's degree in economics and business from Wheaton College, Illinois. David is based in Los Angeles. . | ||
| Mark R. MacDonald | Senior Vice President | 1994 | 2001 |
| Biography | Senior Vice President- Fixed Income, Capital Research and Management Company. Investment professional for 25 years in total; 15 years with Capital Research and Management Company or affiliate. | ||
| Abner D. Goldstine | Senior Vice President | 1993 | 1994 |
| Biography | Goldstine is a senior vice president and director of Capital Research and Management, his employer since 1967. Previously, Goldstine was a financial economist with the Federal Reserve Bank of Chicago, chief economist with Union Bank of Los Angeles, and chief deputy savings and loan commissioner with the State of California. | ||
| Margaret V. Keene | - | 1990 | 1993 |
| Biography | Keene works under the Multiple Portfolio Counselor system of Capital Research & Management Company (CRMC). CRMC divides the fund into smaller, more manageable segments and assigns these segments to individual portfolio managers. Each manager decides how his or her segment will be diversified (in other words, each manages that segment as if it were the whole fund). | ||
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