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American Funds Short-Term Tax-Exempt Bond Fund® Limited Term Tax-Exempt Bond Fund of America® The Tax-Exempt Bond Fund of America® American High-Income Municipal Bond Fund® The Tax-Exempt Fund of California® American Funds Tax-Exempt Fund of New York® |
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Prospectus Supplement
November 12, 2021
(for prospectus dated October 1, 2021)
1. The following bulleted item is added to
the information for “D.A. Davidson & Co.” under “Front-end sales charge waivers on Class A shares available at D.A.
Davidson (effective January 1, 2020)” in the “Appendix – Sales charge waivers” section of the prospectus:
| · | D.A. Davidson has the authority to allow the purchase of Class A shares at net asset value for i) rollovers to IRAs from investments
held in American Funds Recordkeeper Direct and PlanPremier retirement plan recordkeeping programs ii) rollovers to IRAs from 403(b) plans
with Capital Bank and Trust Company as custodian or iii) IRA purchases so long as the proceeds are from the sale of shares from an American
Funds Recordkeeper Direct retirement plan, PlanPremier retirement plan or 403(b) plan with Capital Bank and Trust Company as custodian
and are used to make a purchase within 60 days of the redemption, if the shares held are ineligible to be rolled over to an IRA. |
2.
The following is added to the “Appendix – Sales charge waivers” section of the prospectus:
Northwestern Mutual Investment Services, LLC
Class A and C share purchases in owner-only 401(k) plans held at Northwestern Mutual Investment Services, LLC
Effective November 5, 2021, For 401(k) plans held at NMIS through its clearing firm, Pershing LLC, that cover only owners and their spouses and are not subject to ERISA, participants may purchase Class A shares with the applicable front-end sales charge or Class C shares with the applicable contingent deferred sales charge, in accordance with NMIS’s share class policies applicable to such plans.
Keep this supplement with your prospectus.
Lit. No. MFGEBS-495-1121P Printed in USA CGD/AFD/10039-S87528