| 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® |
Prospectus Supplement
October 30, 2020
(for prospectus dated October 1, 2020)
The following is added to the end of the “Appendix – Sales charge waivers” section of the prospectus:
U.S. Bancorp Investments, Inc.
Class C to Class A share conversions at U.S. Bancorp Investments, Inc.
Effective November 30, 2020, a shareholder in the fund’s Class C shares will have their shares systematically converted at net asset value to Class A shares of the same fund in the month of the six-year anniversary of the purchase date, if the shares are no longer subject to a CDSC and the conversion is consistent with U.S. Bancorp Investments, Inc. share class exchange policy. This policy does not apply to accounts held with the fund’s transfer agent. Accounts held with the fund’s transfer agent will convert pursuant to the fund’s policy described in this prospectus.
Keep this supplement with your prospectus.
Lit. No. MFGEBS-450-1020P Printed in USA CGD/AFD/10039-S82143
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American Funds Short-Term Tax-Exempt Bond Fund® Statement of Additional October 30, 2020 (for statement of additional information dated October 1, 2020) |
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The paragraphs under the headings “Other purchases” and “Class F-2 and Class 529-F-1 purchases” in the
“Sales charges” section of the statement of additional information is amended to read as follows:
Other purchases
In addition, American Funds Class A shares may be offered at net asset value to companies exchanging securities with the fund through a merger, acquisition or exchange offer and to certain individuals meeting the criteria described above who invested in Class A shares before Class F-2 shares were made available under this privilege.
Class F-2 purchases
If requested, American Funds Class F-2 shares will be sold to:
| (1) | current or retired directors, trustees, officers and advisory board members of, and certain lawyers who provide services to the funds managed by Capital Research and Management Company, current or retired employees of The Capital Group Companies, Inc. and its affiliated companies, certain family members of the above persons, and trusts or plans primarily for such persons; and | |
| (2) | The Capital Group Companies, Inc. and its affiliated companies. |
Once an account in Class F-2 is established under this privilege, additional investments can be made in Class F-2 for the life of the account. Depending on the financial intermediary holding your account, these privileges may be unavailable. Investors should consult their financial intermediary for further information.
Keep this supplement with your statement of additional information.
Lit No. MFGEBS-452-1020O CGD/10149-S82177