Fund Description

American High-Income Municipal Bond Fund, Class A was incepted in September 1994 and is managed by Capital Research and Management Company. The objective of this fund is to provide a high level of current income exempt from regular federal taxes (although it may invest up to 100% of assets in bonds subject to the alternative minimum tax). The fund invests at least 80% of assets in tax-exempt securities. The fund invests at least 50% of assets in debt securities rated Baa/BBB or below at the time of purchase, and 65% in securities rated A or below at the time of purchase (or unrated but determined to be of comparable quality by the fund's investment adviser). The fund invests not more than 5% of assets in bonds rated C or D. The fund offers dividends monthly. The fund distributes capital gains in November or December.