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TECCX American Funds Tax-Exempt CA C

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Fund TECCX American Funds Tax-Exempt CA C CMF iShares California Muni Bond  
Similarity
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100% 92%
Annual Fees
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$141.89
(1.39% Exp. Ratio)
$25.52
(0.25% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$12,169.90 $17,180.88
Est. savings over 30 yrs +$5,010.98
Return
As of 11/30/16
1 YR RETURN -1.49%
3 YR 3.27%
5 YR 3.56%
10 YR 3.16%
1 YR RETURN -0.61%
3 YR 3.79%
5 YR 3.87%
10 YR --
Description
The investment seeks a high level of current income exempt from regular federal and California 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 normally invests at least 80% of its assets in, or derives 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 investment to federal AMT.
The investment seeks to track the investment results of the S&P California AMT-Free Municipal Bond IndexTM. The index measures the performance of the investment-grade segment of the California municipal bond market. The fund generally will invest at least 90% of its assets in the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the index, but which BFA believes will help the fund track the index. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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