Tax Exempt Fund Of Fund Quote
| TECFX Fund | USD 16.54 0.01 0.06% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Tax Exempt is trading at 16.54 as of the 16th of April 2024; that is -0.06 percent decrease since the beginning of the trading day. The fund's open price was 16.55. Tax Exempt has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Tax Exempt Fund Of are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of April 2022 and ending today, the 16th of April 2024. Click here to learn more.
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 percent of its assets in, or derive at least 80 percent 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.. More on Tax Exempt Fund Of
Tax Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Tax Exempt's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Tax Exempt or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | American Funds, Large Funds, Muni California Long Funds, Muni California Long, American Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of October 2022 |
| Fiscal Year End | July |
Tax Exempt Fund Of [TECFX] is traded in USA and was established 16th of April 2024. Tax Exempt is listed under American Funds category by Fama And French industry classification. The fund is listed under Muni California Long category and is part of American Funds family. This fund at this time has accumulated 2.71 B in assets with no minimum investment requirementsTax Exempt Fund is currently producing year-to-date (YTD) return of 0.2% with the current yeild of 0.0%, while the total return for the last 3 years was -0.92%.
Check Tax Exempt Probability Of Bankruptcy
Instrument Allocation
Tax Exempt Target Price Odds Analysis
Based on a normal probability distribution, the odds of Tax Exempt jumping above the current price in 90 days from now is about 84.0%. The Tax Exempt Fund Of probability density function shows the probability of Tax Exempt mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Tax Exempt has a beta of 0.0853. This usually implies as returns on the market go up, Tax Exempt average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Tax Exempt Fund Of will be expected to be much smaller as well. Additionally, tax Exempt Fund Of has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Tax Exempt to move above the current price in 90 days from now is about 84.0 (This Tax Exempt Fund Of probability density function shows the probability of Tax Mutual Fund to fall within a particular range of prices over 90 days) .
Tax Exempt Fund Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Tax Exempt market risk premium is the additional return an investor will receive from holding Tax Exempt long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Tax Exempt. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Tax Exempt's alpha and beta are two of the key measurements used to evaluate Tax Exempt's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1351 | |||
| Standard Deviation | 0.1948 | |||
| Variance | 0.0379 | |||
| Risk Adjusted Performance | (0.05) |
Tax Exempt Against Markets
Picking the right benchmark for Tax Exempt mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Tax Exempt mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Tax Exempt is critical whether you are bullish or bearish towards Tax Exempt Fund Of at a given time. Please also check how Tax Exempt's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tax Exempt without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Tax Mutual Fund?
Before investing in Tax Exempt, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Tax Exempt. To buy Tax Exempt fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Tax Exempt. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Tax Exempt fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Tax Exempt Fund Of fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Tax Exempt Fund Of fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Tax Exempt Fund Of, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Tax Exempt Fund Of?
The danger of trading Tax Exempt Fund Of is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Tax Exempt is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Tax Exempt. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tax Exempt Fund is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tax Exempt Fund Of. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Tax Exempt Fund information on this page should be used as a complementary analysis to other Tax Exempt's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.