485BPOS
2012-07-31
0000925950
2012-10-01
AMERICAN HIGH-INCOME MUNICIPAL BOND FUND
false
2012-09-28
2012-10-01
<tt>The fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when fund <br />shares are held in a taxable account. These costs, which are not reflected in <br />annual fund operating expenses or in the example, affect the fund's investment <br />results. During the most recent fiscal year, the fund's portfolio turnover rate <br />was 14% of the average value of its portfolio.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000845376Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<div style="display:none">~ http://www.americanfunds.com/role/BarChartData_S000845376Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<tt>The fund's investment objective is to provide you with current income exempt<br />from regular federal income tax, consistent with its maturity and quality<br />standards described in the prospectus, and to preserve capital.</tt>
<tt>This example is intended to help you compare the cost of investing in<br />the fund with the cost of investing in other mutual funds.<br /> <br />The example assumes that you invest $10,000 in the fund for the time periods<br />indicated and then redeem all of your shares at the end of those periods. The<br />example also assumes that your investment has a 5% return each year and that the<br />fund's operating expenses remain the same.</tt>
<tt>Under normal circumstances, the fund will invest at least 80% of its assets in,<br />or derive at least 80% of its income from, securities that are exempt from<br />regular federal income tax and that do not subject you to federal alternative<br />minimum tax. The fund may also invest up to 20% of its assets in securities that<br />may subject you to federal alternative minimum tax. The fund invests primarily<br />in municipal bonds rated AA- or better or Aa3 or better by Nationally Recognized<br />Statistical Rating Organizations designated by the fund's investment adviser, or<br />unrated but determined by the fund's investment adviser to be of equivalent<br />quality. The fund may also invest in municipal bonds rated A- or better or A3 or<br />better by Nationally Recognized Statistical Rating Organizations designated by<br />the fund's investment adviser or unrated but determined by the fund's investment<br />adviser to be of equivalent quality. Some of the securities in which the fund<br />invests may have credit and liquidity support features, including guarantees and<br />letters of credit. The fund's aggregate portfolio will have a dollar-weighted<br />average maturity no greater than three years.<br /> <br />In addition, the fund may invest significantly in municipal obligations of<br />issuers in the same state, or engaged in the same types of projects or<br />industries.<br /> <br />The investment adviser uses a system of multiple portfolio counselors in<br />managing the fund's assets. Under this approach, the portfolio of the fund is<br />divided into segments managed by individual counselors who decide how their<br />respective segments will be invested.<br /> <br />The fund relies on the professional judgment of its investment adviser to make<br />decisions about the fund's portfolio investments. The basic investment philosophy <br />of the investment adviser is to seek to invest in attractively priced securities <br />that, in its opinion, represent good, long-term investment opportunities. The <br />investment adviser believes that an important way to accomplish this is by analyzing <br />various factors, which may include the credit strength of the issuer, prices of <br />similar securities issued by comparable issuers, anticipated changes in interest <br />rates, general market conditions and other factors pertinent to the particular <br />security being evaluated. Securities may be sold when the investment adviser <br />believes that they no longer represent relatively attractive investment <br />opportunities.</tt>
American Funds Short-Term Tax-Exempt Bond Fund®
You may qualify for sales charge discounts if you and your family invest, or agree
to invest in the future, at least $500,000 in American Funds.
Example
After-tax returns are calculated using the highest individual federal
income tax rates in effect during each year of the periods shown and
do not reflect the impact of state and local taxes.
Investment objective
Past investment results (before and after taxes) are not predictive of future investment results.
The Lipper Short Municipal Debt Funds Average includes the fund and other funds that disclose investment objectives and/or strategies reasonably comparable to the fund's objective and/or strategies. The results below and on the following page for certain periods shown reflect the operation of the fund as a money market fund prior to its conversion on August 7, 2009 to a short-term tax-exempt bond fund.
You may lose money by investing in the fund.
Principal risks
Shareholder fees (fees paid directly from your investment)
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
0.14
Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above.
Calender year total returns for Class A shares (Results do not include a
sales charge; if a sales charge were included, results would be lower.)
(Results do not include a sales charge; if a sales charge were included, results would be lower.)
Investment results
500000
The following bar chart shows how the fund's investment results have
varied from year to year, and the following table shows how the fund's
average annual total returns for various periods compare with different
broad measures of market results.
<tt>Highest/Lowest quarterly returns during this period were:<br /><br />Highest  1.29% (quarter ended September 30, 2010)<br /><br />Lowest  -0.76% (quarter ended December 31, 2010)</tt>
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Average annual total returns For the periods ended December 31, 2011 (with maximum sales charge):
<tt>The following bar chart shows how the fund's investment results have varied from<br />year to year, and the following table shows how the fund's average annual total<br />returns for various periods compare with different broad measures of market<br />results.</tt>
Portfolio turnover
<tt>This section describes the principal risks associated with the fund's principal<br />investment strategies. You may lose money by investing in the fund. The<br />likelihood of loss may be greater if you invest for a shorter period of time.<br /> <br />Market conditions -- The prices of, and the income generated by, the securities<br />held by the fund may decline due to market conditions and other factors,<br />including those directly involving the issuers of securities held by the fund.<br /> <br />Investing in bonds -- Rising interest rates will generally cause the prices of<br />bonds and other debt securities to fall. Longer maturity debt securities may be<br />subject to greater price fluctuations than shorter maturity debt securities. In<br />addition, falling interest rates may cause an issuer to redeem, call or refinance <br />a security before its stated maturity, which may result in the fund having to <br />reinvest the proceeds in lower yielding securities.<br /> <br />Bonds and other debt securities are subject to credit risk, which is the<br />possibility that the credit strength of an issuer will weaken and/or an issuer<br />of a debt security will fail to make timely payments of principal or interest<br />and the security will go into default.<br /> <br />Thinly traded securities -- There may be little trading in the secondary market<br />for particular bonds or other debt securities, which may make them more<br />difficult to value, acquire or sell.<br /> <br />Credit and liquidity support -- Changes in the credit quality of banks and<br />financial institutions providing credit and liquidity support features with<br />respect to securities held by the fund could cause the values of these<br />securities to decline.<br /> <br />Investing in similar municipal bonds -- Investing significantly in municipal<br />obligations of issuers in the same state or backed by revenues of similar <br />types of projects or industries may make the fund more susceptible to certain<br />economic, political or regulatory occurrences. As a result, the potential for<br />fluctuations in the fund's share price may increase.<br /> <br />Management -- The investment adviser to the fund actively manages the fund's<br />investments. Consequently, the fund is subject to the risk that the methods <br />and analyses employed by the investment adviser in this process may not produce <br />the desired results. This could cause the fund to lose value or its investment<br />results to lag relevant benchmarks or other funds with similar objectives.<br /> <br />Your investment in the fund is not a bank deposit and is not insured or<br />guaranteed by the Federal Deposit Insurance Corporation or any other<br />governmental agency, entity or person. You should consider how this fund <br />fits into your overall investment program.</tt>
Fees and expenses of the fund
After-tax returns are shown only for Class A shares;
Principal investment strategies
americanfunds.com
<tt>The following bar chart shows how the fund's investment results have varied from<br />year to year, and the following table shows how the fund's average annual total<br />returns for various periods compare with different broad measures of market<br />results. This information provides some indication of the risks of investing in<br />the fund. The Lipper Short Municipal Debt Funds Average includes the fund and<br />other funds that disclose investment objectives and/or strategies reasonably<br />comparable to the fund's objective and/or strategies. The results below and on<br />the following page for certain periods shown reflect the operation of the fund<br />as a money market fund prior to its conversion on August 7, 2009 to a short-term<br />tax-exempt bond fund. Accordingly, results for such periods are not representative <br />of the fund's results had the fund been operated as a short-term tax-exempt bond <br />fund during the entire period. Past investment results (before and after taxes) <br />are not predictive of future investment results. Updated information on the fund's <br />investment results can be obtained by visiting americanfunds.com.</tt>
<tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the fund. You may qualify for sales charge discounts if you and your<br />family invest, or agree to invest in the future, at least $500,000 in American<br />Funds. More information about these and other discounts is available from your<br />financial professional and in the "Sales charge reductions and waivers" section<br />on page 48 of the prospectus and on page 70 of the fund's statement of<br />additional information.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000845376Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<div style="display:none">~ http://www.americanfunds.com/role/PerformanceTableData_S000845376Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div>
<tt>After-tax returns are shown only for Class A shares; after-tax returns for other<br />share classes will vary. After-tax returns are calculated using the highest<br />individual federal income tax rates in effect during each year of the periods<br />shown and do not reflect the impact of state and local taxes. Your actual<br />after-tax returns depend on your individual tax situation and likely will differ<br />from the results shown above.</tt>
Your investment in the fund is not a bank deposit and is not insured or guaranteed by
the Federal Deposit Insurance Corporation or any other governmental agency, entity
or person.
<tt>Class A annualized 30-day yield at July 31, 2012: 0.36%<br />(For current yield information, please call American   <br />FundsLine® at 800/325-3590.)</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ShareholderFeesData_S000845376Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
Lipper Short Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or taxes)
0.0240
0.0252
0.0250
Barclays Municipal Short 1-5 Years Index (reflects no deductions for sales charges, account fees, expenses or taxes)
0.0345
0.0422
Share class A - After taxes on distributions and sale of fund shares
0.0045
0.0142
0.0140
1989-10-24
Share class A - After taxes on distributions
0.0005
0.0142
0.0140
1989-10-24
ASTFX
0.0000
Share class F-2 - Before taxes
53
167
653
0.00
291
0.0268
0.0014
0.0038
0.00
0.0000
0.0052
0.0233
2009-08-12
0.0000
FSTTX
0.0000
Share class F-1 - Before taxes
80
249
966
0.00
433
0.0243
0.0015
0.0038
0.00
0.0025
0.0078
0.0213
2009-08-27
0.0000
ASTEX
0.0089
Lowest
Highest
0.0250
800/325-3590
Share class A - Before taxes
309
2010-09-30
0.0036
434
-0.0076
0.0066
0.0190
969
0.00
571
0.0318
0.0129
0.0005
0.0006
0.0154
0.0038
2010-12-31
0.0088
0.0142
0.0193
0.0262
0.00
0.0046
Class A annualized 30-day yield at July 31, 2012:
0.0015
0.0140
0.0059
0.0295
1989-10-24
0.0100
<tt>The fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when fund <br />shares are held in a taxable account. These costs, which are not reflected in <br />annual fund operating expenses or in the example, affect the fund's investment <br />results. During the most recent fiscal year, the fund's portfolio turnover rate <br />was 15% of the average value of its portfolio.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000030189Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<div style="display:none">~ http://www.americanfunds.com/role/BarChartData_S000030189Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<tt>The fund's primary investment objective is to provide you with a high level of<br />current income exempt from regular federal, New York state and New York City<br />income taxes.</tt>
<tt>This example is intended to help you compare the cost of investing in<br />the fund with the cost of investing in other mutual funds.<br /> <br />The example assumes that you invest $10,000 in the fund for the time periods<br />indicated and then redeem all of your shares at the end of those periods. The<br />example also assumes that your investment has a 5% return each year and that the<br />fund's operating expenses remain the same.</tt>
<tt>The fund seeks to achieve its objectives by primarily investing in municipal<br />bonds issued by the state of New York and its agencies and municipalities.<br />Consistent with the fund's objectives, the fund may also invest in municipal<br />securities that are issued by jurisdictions outside New York. Municipal bonds<br />are debt obligations generally issued to obtain funds for various public<br />purposes, including the construction of public facilities.<br /> <br />Under normal circumstances, the fund will invest at least 80% of its assets in,<br />or derive at least 80% of its income from, securities that are exempt from<br />regular federal, New York state and New York City income taxes and that do not<br />subject you to federal alternative minimum tax. The fund may also invest up to<br />20% of its assets in securities that subject you to federal alternative minimum<br />tax. The fund is intended primarily for taxable residents of New York.<br /> <br />The fund will invest primarily in debt securities rated BBB- or better or Baa3<br />or better by Nationally Recognized Statistical Rating Organizations designated<br />by the fund's investment adviser, or unrated but determined by the fund's<br />investment adviser to be of equivalent quality. The fund also may invest in debt<br />securities rated BB+ or below and Ba1 or below by Nationally Recognized<br />Statistical Rating Organizations designated by the fund's investment adviser, or<br />unrated but determined by the fund's investment adviser to be of equivalent<br />quality. Such securities are sometimes referred to as "junk bonds." Some of the<br />securities held by the fund may have credit and liquidity support features,<br />including guarantees and letters of credit.<br /> <br />The investment adviser uses a system of multiple portfolio counselors in<br />managing the fund's assets. Under this approach, the portfolio of the fund is<br />divided into segments managed by individual counselors who decide how their<br />respective segments will be invested.<br /> <br />The fund relies on the professional judgment of its investment adviser to make<br />decisions about the fund's portfolio investments. The basic investment<br />philosophy of the investment adviser is to seek to invest in attractively priced<br />securities that, in its opinion, represent good, long-term investment<br />opportunities. The investment adviser believes that an important way to<br />accomplish this is by analyzing various factors, which may include the credit<br />strength of the issuer, prices of similar securities issued by comparable<br />issuers, anticipated changes in interest rates, general market conditions and<br />other factors pertinent to the particular security being evaluated. Securities<br />may be sold when the investment adviser believes that they no longer represent<br />relatively attractive investment opportunities.</tt>
American Funds Tax-Exempt Fund of New York®
<tt>Its secondary objective is preservation of capital.</tt>
You may qualify for sales charge discounts if you and your family invest, or
agree to invest in the future, at least $100,000 in American Funds.
Example
After-tax returns are calculated using the highest individual federal income tax
rates in effect during each year of the periods shown and do not reflect the impact
of state and local taxes.
Investment objectives
Past investment results (before and after taxes) are not predictive of future investment results.
The Lipper New York Municipal Debt Funds Average includes the fund and other funds that
disclose investment objectives and/or strategies reasonably comparable to the fund's
objective and/or strategies.
You may lose money by investing in the fund.
Principal risks
Shareholder fees (fees paid directly from your investment)
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
0.15
Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above.
Calendar year total returns for Class A shares (Results do not include a sales charge; if a sales charge were included, results would be lower.)
(Results do not include a sales charge; if a sales charge were included, results would be lower.)
Investment results
100000
The following bar chart shows the fund's investment results for its first full
calendar year of operations, and the following table shows the fund's average
annual total returns for various periods compare with different broad measures
of market results.
<tt>Highest/Lowest quarterly results during the period were:<br /><br />Highest 3.99% (quarter ended September 30, 2011)<br /><br />Lowest 0.62% (quarter ended March 31, 2011)<br /><br />The fund's total return for the six months ended June 30, 2012,<br />was 4.49%.</tt>
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Average annual total returns For the periods ended December 31, 2011 (with maximum sales charge):
<tt>The following bar chart shows the fund's investment results for its first full<br />calendar year of operations, and the following table shows the fund's average<br />annual total returns for various periods compare with different broad measures<br />of market results.</tt>
Portfolio turnover
<tt>This section describes the principal risks associated with the fund's principal<br />investment strategies. You may lose money by investing in the fund. The<br />likelihood of loss may be greater if you invest for a shorter period of time.<br /> <br />Risks of investing in municipal bonds of issuers within the state of New York -<br />Because the fund invests primarily in securities of issuers within the state of<br />New York, the fund is more susceptible to factors adversely affecting issuers of<br />New York securities than a comparable municipal bond mutual fund that does not<br />concentrate in a single state. For example, such factors may include political<br />policy changes, tax base erosion, state constitutional limits on tax increases,<br />budget deficits and other financial or economic difficulties, and changes in the<br />credit ratings assigned to New York's municipal issuers. New York's economy and<br />finances may be especially vulnerable to changes in the performance of the<br />financial services sector, which historically has been volatile. More detailed<br />information about the risks of investing in New York municipal securities is<br />contained in the statement of additional information.<br /> <br />Market conditions -- The prices of, and the income generated by, the securities<br />held by the fund may decline due to market conditions and other factors,<br />including those directly involving the issuers of securities held by the fund.<br /> <br />Investing in bonds -- Rising interest rates will generally cause the prices of<br />bonds and other debt securities to fall. Longer maturity debt securities may be<br />subject to greater price fluctuations than shorter maturity debt securities. In<br />addition, falling interest rates may cause an issuer to redeem, call or<br />refinance a security before its stated maturity, which may result in the fund<br />having to reinvest the proceeds in lower yielding securities.<br /> <br />Bonds and other debt securities are subject to credit risk, which is the<br />possibility that the credit strength of an issuer will weaken and/or an issuer<br />of a debt security will fail to make timely payments of principal or interest<br />and the security will go into default.<br /> <br />Thinly traded securities -- There may be little trading in the secondary market<br />for particular bonds or other debt securities, which may make them more<br />difficult to value, acquire or sell.<br /> <br />Credit and liquidity support -- Changes in the credit quality of banks and<br />financial institutions providing credit and liquidity support features with<br />respect to securities held by the fund could cause the values of these<br />securities to decline.<br /><br />Investing in lower rated bonds -- Lower rated bonds and other lower rated debt<br />securities generally have higher rates of interest and involve greater risk of<br />default or price declines due to changes in the issuer's creditworthiness than<br />those of higher quality debt securities. The market prices of these securities<br />may fluctuate more than the prices of higher quality debt securities and may<br />decline significantly in periods of general economic difficulty. These risks <br />may be increased with respect to investments in junk bonds.<br /> <br />Investing in similar municipal bonds -- Investing significantly in municipal<br />obligations of issuers in the same state or backed by revenues of similar <br />types of projects or industries may make the fund more susceptible to certain<br />economic, political or regulatory occurrences. As a result, the potential for<br />fluctuations in the fund's share price may increase.<br /> <br />Management -- The investment adviser to the fund actively manages the fund's<br />investments. Consequently, the fund is subject to the risk that the methods <br />and analyses employed by the investment adviser in this process may not produce <br />the desired results. This could cause the fund to lose value or its investment<br />results to lag relevant benchmarks or other funds with similar objectives.<br /> <br />Your investment in the fund is not a bank deposit and is not insured or<br />guaranteed by the Federal Deposit Insurance Corporation or any other<br />governmental agency, entity or person. You should consider how this fund <br />fits into your overall investment program.</tt>
Fees and expenses of the fund
After-tax returns are shown only for Class A shares; after-tax returns for other share classes will vary.
Principal investment strategies
americanfunds.com
<tt>The following bar chart shows the fund's investment results for its first full<br />calendar year of operations, and the following table shows the fund's average<br />annual total returns for various periods compare with different broad measures<br />of market results. This information provides some indication of the risks of<br />investing in the fund. The Lipper New York Municipal Debt Funds Average includes<br />the fund and other funds that disclose investment objectives and/or strategies<br />reasonably comparable to the fund's objective and/or strategies. Past investment<br />results (before and after taxes) are not predictive of future investment results. <br />Updated information on the fund's investment results can be obtained by visiting <br />americanfunds.com.</tt>
<tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the fund. You may qualify for sales charge discounts if you and your<br />family invest, or agree to invest in the future, at least $100,000 in American<br />Funds. More information about these and other discounts is available from your<br />financial professional and in the "Sales charge reductions and waivers" section<br />on page 48 of the prospectus and on page 70 of the fund's statement of<br />additional information.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000030189Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
For the share classes listed below, you would pay the following if you did not redeem your shares:
<div style="display:none">~ http://www.americanfunds.com/role/PerformanceTableData_S000030189Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div>
<tt>After-tax returns are shown only for Class A shares; after-tax returns for other<br />share classes will vary. After-tax returns are calculated using the highest<br />individual federal income tax rates in effect during each year of the periods<br />shown and do not reflect the impact of state and local taxes. Your actual<br />after-tax returns depend on your individual tax situation and likely will <br />differ from the results shown above.</tt>
Your investment in the fund is not a bank deposit and is not insured or guaranteed
by the Federal Deposit Insurance Corporation or any other governmental agency,
entity or person.
<div style="display:none">~ http://www.americanfunds.com/role/ExpenseExampleNoRedemption_S000030189Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<tt>Class A annualized 30-day yield at July 31, 2012: 2.30%         <br />(For current yield information, please call American FundsLine® <br />at 800/325-3590.)</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ShareholderFeesData_S000030189Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
Lipper New York Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or taxes)
0.0969
0.0379
0.0447
0.0390
2010-11-01
Barclays New York Municipal Funds Index (reflects no deductions for sales charges, account fees, expenses or taxes)
0.0979
0.0526
0.0505
2010-11-01
Share class A - After taxes on distributions and sale of fund shares
0.0548
0.0271
2010-11-01
Share class A - After taxes on distributions
0.0672
0.0269
2010-11-01
NYAFX
0.0000
Share class F-2 - Before taxes
54
192
-0.0010
777
0.00
341
0.1098
0.0025
0.0038
2013-09-30
0.00
0.0000
0.0053
0.0063
0.0620
2010-11-01
0.0000
NYAEX
0.0000
Share class F-1 - Before taxes
77
263
-0.0011
1051
0.00
466
0.1070
0.0025
0.0038
2013-09-30
0.00
0.0023
0.0075
0.0086
0.0595
2010-11-01
0.0000
NYACX
0.0000
Share class C - Before taxes
253
153
499
-0.0012
1912
0.00
870
0.0889
0.0024
0.0038
2013-09-30
1912
499
870
0.00
0.0100
0.0150
0.0162
0.0523
2010-11-01
0.0100
NYABX
0.0000
Share class B - Before taxes
648
148
888
-0.0014
1654
0.00
1052
0.0495
0.0022
0.0038
2013-09-30
1654
488
852
0.00
0.0099
0.0145
0.0159
0.0181
2010-11-01
0.0500
NYAAX
Lowest
Highest
0.0375
800/325-3590
Share class A - Before taxes
437
2011-09-30
0.0230
596
0.0062
-0.0013
1270
0.00
769
0.0399
0.0672
0.0020
0.0038
2013-09-30
2011-03-31
0.1092
0.00
Class A annualized 30-day yield at July 31, 2012:
0.0018
0.0063
0.0076
0.0269
2010-11-01
0.0100
<tt>The fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when <br />fund shares are held in a taxable account. These costs, which are not reflected <br />in annual fund operating expenses or in the example, affect the fund's<br />investment results. During the most recent fiscal year, the fund's portfolio<br />turnover rate was 9% of the average value of its portfolio.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000009237Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<div style="display:none">~ http://www.americanfunds.com/role/BarChartData_S000009237Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<tt>The fund's investment objective is to provide you with current income that is<br />exempt from regular federal income tax, consistent with the maturity and quality<br />standards described in this prospectus, and preservation of capital.</tt>
<tt>This example is intended to help you compare the cost of investing in<br />the fund with the cost of investing in other mutual funds.<br /> <br />The example assumes that you invest $10,000 in the fund for the time periods<br />indicated and then redeem all of your shares at the end of those periods. The<br />example also assumes that your investment has a 5% return each year and that the<br />fund's operating expenses remain the same.</tt>
<tt>The fund invests primarily in municipal bonds. Under normal circumstances, the<br />fund will invest at least 80% of its assets in, or derive at least 80% of its<br />income from, securities that are exempt from regular federal income tax and that<br />do not subject you to federal alternative minimum tax. The fund may also invest<br />up to 20% of its assets in securities that may subject you to federal<br />alternative minimum tax.<br /> <br />The fund invests primarily in municipal bonds rated A- or better or A3 or better<br />by Nationally Recognized Statistical Rating Organizations designated by the<br />fund's investment adviser, or unrated but determined by the fund's investment<br />adviser to be of equivalent quality. The fund may also invest in municipal bonds<br />in the rating categories of BBB and Baa or unrated but determined by the fund's<br />investment adviser to be of equivalent quality. Some of the securities in which<br />the fund invests may have credit and liquidity support features, including<br />guarantees and letters of credit. The dollar-weighted average maturity of the<br />fund's portfolio is between three and 10 years.<br /> <br />In addition, the fund may invest significantly in municipal obligations of<br />issuers in the same state, or engaged in the same types of projects or<br />industries.<br /><br />The investment adviser uses a system of multiple portfolio counselors in<br />managing the fund's assets. Under this approach, the portfolio of the fund is<br />divided into segments managed by individual counselors who decide how their<br />respective segments will be invested.<br /> <br />The fund relies on the professional judgment of its investment adviser to make<br />decisions about the fund's portfolio investments. The basic investment philosophy <br />of the investment adviser is to seek to invest in attractively priced securities <br />that, in its opinion, represent good, long-term investment opportunities. The <br />investment adviser believes that an important way to accomplish this is by analyzing <br />various factors, which may include the credit strength of the issuer, prices of <br />similar securities issued by comparable issuers, anticipated changes in interest rates, <br />general market conditions and other factors pertinent to the particular security being <br />evaluated. Securities may be sold when the investment adviser believes that they no <br />longer represent relatively attractive investment opportunities.</tt>
Limited Term Tax-Exempt Bond Fund of America®
Example
After-tax returns are calculated using the highest individual federal income tax
rates in effect during each year of the periods shown and do not reflect the impact
of state and local taxes.
Based on estimated amounts for a full fiscal year.
Investment objective
Past investment results (before and after taxes) are not predictive of future investment results.
The Lipper Intermediate Municipal Debt Funds Average includes the fund and other
funds that disclose investment objectives and/or strategies reasonably comparable
to the fund's objective and/or strategies.
You may lose money by investing in the fund.
Principal risks
Shareholder fees (fees paid directly from your investment)
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
0.09
Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above.
Calendar year total returns for Class A shares (Results do not include a sales charge; if a sales charge were included, results would be lower.)
(Results do not include a sales charge; if a sales charge were included, results would be lower.)
Investment results
The following bar chart shows how the fund's investment results have varied from
year to year, and the following table shows how the fund's average annual total
returns for various periods compare with different broad measures of market results.
<tt>Highest/Lowest quarterly results during the period were:<br /><br />Highest 5.60% (quarter ended <br />September 30, 2009)<br /><br />Lowest -2.23% (quarter ended<br />December 31, 2010)</tt>
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Average annual total returns For the periods ended December 31, 2011 (with maximum sales charge):
<tt>The following bar chart shows how the fund's investment results have varied from<br />year to year, and the following table shows how the fund's average annual total<br />returns for various periods compare with different broad measures of market<br />results.</tt>
Portfolio turnover
<tt>This section describes the principal risks associated with the fund's principal<br />investment strategies. You may lose money by investing in the fund. The<br />likelihood of loss may be greater if you invest for a shorter period of time.<br /> <br />Market conditions -- The prices of, and the income generated by, the securities<br />held by the fund may decline due to market conditions and other factors,<br />including those directly involving the issuers of securities held by the fund.<br /> <br />Investing in bonds -- Rising interest rates will generally cause the prices of<br />bonds and other debt securities to fall. Longer maturity debt securities may be<br />subject to greater price fluctuations than shorter maturity debt securities. <br />In addition, falling interest rates may cause an issuer to redeem, call or<br />refinance a security before its stated maturity, which may result in the fund<br />having to reinvest the proceeds in lower yielding securities.<br /> <br />Bonds and other debt securities are subject to credit risk, which is the<br />possibility that the credit strength of an issuer will weaken and/or an issuer<br />of a debt security will fail to make timely payments of principal or interest<br />and the security will go into default.<br /> <br />Thinly traded securities -- There may be little trading in the secondary market<br />for particular bonds or other debt securities, which may make them more<br />difficult to value, acquire or sell.<br /> <br />Credit and liquidity support -- Changes in the credit quality of banks and<br />financial institutions providing credit and liquidity support features with<br />respect to securities held by the fund could cause the values of these<br />securities to decline.<br /><br />Investing in lower rated bonds -- Lower rated bonds and other lower rated debt<br />securities generally have higher rates of interest and involve greater risk of<br />default or price declines due to changes in the issuer's creditworthiness than<br />those of higher quality debt securities. The market prices of these securities<br />may fluctuate more than the prices of higher quality debt securities and may<br />decline significantly in periods of general economic difficulty.<br /> <br />Investing in similar municipal bonds -- Investing significantly in municipal<br />obligations of issuers in the same state or backed by revenues of similar <br />types of projects or industries may make the fund more susceptible to certain<br />economic, political or regulatory occurrences. As a result, the potential for<br />fluctuations in the fund's share price may increase.<br /> <br />Management -- The investment adviser to the fund actively manages the fund's<br />investments. Consequently, the fund is subject to the risk that the methods <br />and analyses employed by the investment adviser in this process may not produce <br />the desired results. This could cause the fund to lose value or its investment<br />results to lag relevant benchmarks or other funds with similar objectives.<br /> <br />Your investment in the fund is not a bank deposit and is not insured or<br />guaranteed by the Federal Deposit Insurance Corporation or any other<br />governmental agency, entity or person. You should consider how this fund <br />fits into your overall investment program.</tt>
Fees and expenses of the fund
After-tax returns are shown only for Class A shares; after-tax returns for other share classes will vary.
Principal investment strategies
americanfunds.com.
<tt>The following bar chart shows how the fund's investment results have varied from<br />year to year, and the following table shows how the fund's average annual total<br />returns for various periods compare with different broad measures of market<br />results. This information provides some indication of the risks of investing in<br />the fund. The Lipper Intermediate Municipal Debt Funds Average includes the fund<br />and other funds that disclose investment objectives and/or strategies reasonably<br />comparable to the fund's objective and/or strategies. Past investment results<br />(before and after taxes) are not predictive of future investment results.<br />Updated information on the fund's investment results can be obtained by visiting<br />americanfunds.com. Investment results for Class R-6 shares are not presented<br />because the class had not commenced operations as of December 31, 2011. However,<br />results for Class A shares are presented because Class A is the class of shares<br />with the longest period of operation. Other share classes, including Class R-6<br />shares, have different expenses and therefore different investment results.</tt>
<tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the fund.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000009237Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<div style="display:none">~ http://www.americanfunds.com/role/PerformanceTableData_S000009237Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div>
<tt>After-tax returns are shown only for Class A shares; after-tax returns for other<br />share classes will vary. After-tax returns are calculated using the highest<br />individual federal income tax rates in effect during each year of the periods<br />shown and do not reflect the impact of state and local taxes. Your actual<br />after-tax returns depend on your individual tax situation and likely will differ<br />from the results shown above.</tt>
Your investment in the fund is not a bank deposit and is not insured or guaranteed
by the Federal Deposit Insurance Corporation or any other governmental agency, entity
or person.
<tt>Class A annualized 30-day yield at July 31, 2012: 1.12%         <br />(For current yield information, please call American FundsLine® <br />at 800/325-3590.)</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ShareholderFeesData_S000009237Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
Lipper Intermediate Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or taxes)
0.0860
0.0449
0.0431
0.0463
1993-10-06
Barclays Municipal Short-Intermediate 1-10 Years Index (reflects no deductions for sales charges, account fees, expenses or taxes)
0.0676
0.0520
0.0460
0.0484
1993-10-06
Share class A - After taxes on distributions and sale of fund shares
0.0411
0.0380
0.0386
1993-10-06
Share class A - After taxes on distributions
0.0477
0.0391
0.0395
1993-10-06
0.0781
Lowest
Highest
0.00
800/325-3590
Share class A - Before taxes
33
2009-09-30
0.0112
103
-0.0223
0.0277
0.0364
406
0.00
180
0.0324
0.0560
0.0477
0.0007
-0.0131
0.0025
2010-12-31
0.0945
0.0391
0.0157
0.0748
0.00
0.0428
Class A annualized 30-day yield at July 31, 2012:
0.00
0.0395
0.0032
0.0361
0.0444
1993-10-06
0.00
<tt>The fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when fund <br />shares are held in a taxable account. These costs, which are not reflected in <br />annual fund operating expenses or in the example, affect the fund's investment <br />results. During the most recent fiscal year, the fund's portfolio turnover rate <br />was 9% of the average value of its portfolio.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000009237Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<div style="display:none">~ http://www.americanfunds.com/role/BarChartData_S000009237Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<tt>The fund's investment objective is to provide you with current income that is<br />exempt from regular federal income tax, consistent with the maturity and quality<br />standards described in this prospectus, and preservation of capital.</tt>
<tt>This example is intended to help you compare the cost of investing in<br />the fund with the cost of investing in other mutual funds.<br /> <br />The example assumes that you invest $10,000 in the fund for the time periods<br />indicated and then redeem all of your shares at the end of those periods. The<br />example also assumes that your investment has a 5% return each year and that <br />the fund's operating expenses remain the same.</tt>
<tt>The fund invests primarily in municipal bonds. Under normal circumstances, the<br />fund will invest at least 80% of its assets in, or derive at least 80% of its<br />income from, securities that are exempt from regular federal income tax and that<br />do not subject you to federal alternative minimum tax. The fund may also invest<br />up to 20% of its assets in securities that may subject you to federal<br />alternative minimum tax.<br /> <br />The fund invests primarily in municipal bonds rated A- or better or A3 or better<br />by Nationally Recognized Statistical Rating Organizations designated by the<br />fund's investment adviser, or unrated but determined by the fund's investment<br />adviser to be of equivalent quality. The fund may also invest in municipal bonds<br />in the rating categories of BBB and Baa or unrated but determined by the fund's<br />investment adviser to be of equivalent quality. Some of the securities in which<br />the fund invests may have credit and liquidity support features, including<br />guarantees and letters of credit. The dollar-weighted average maturity of the<br />fund's portfolio is between three and 10 years.<br /> <br />In addition, the fund may invest significantly in municipal obligations of<br />issuers in the same state, or engaged in the same types of projects or<br />industries.<br /> <br />The investment adviser uses a system of multiple portfolio counselors in<br />managing the fund's assets. Under this approach, the portfolio of the fund <br />is divided into segments managed by individual counselors who decide how their<br />respective segments will be invested.<br /> <br />The fund relies on the professional judgment of its investment adviser to make<br />decisions about the fund's portfolio investments. The basic investment philosophy <br />of the investment adviser is to seek to invest in attractively priced securities <br />that, in its opinion, represent good, long-term investment opportunities. The <br />investment adviser believes that an important way to accomplish this is by <br />analyzing various factors, which may include the credit strength of the issuer, <br />prices of similar securities issued by comparable issuers, anticipated changes <br />in interest rates, general market conditions and other factors pertinent to the <br />particular security being evaluated. Securities may be sold when the investment <br />adviser believes that they no longer represent relatively attractive investment <br />opportunities.</tt>
Limited Term Tax-Exempt Bond Fund of America®
You may qualify for sales charge discounts if you and your family invest, or agree to
invest in the future, at least $500,000 in American Funds.
Example
After-tax returns are calculated using the highest individual federal income tax
rates in effect during each year of the periods shown and do not reflect the impact
of state and local taxes.
Investment objective
Past investment results (before and after taxes) are not predictive of future investment results.
The Lipper Intermediate Municipal Debt Funds Average includes the fund and other
funds that disclose investment objectives and/or strategies reasonably comparable
to the fund's objective and/or strategies.
You may lose money by investing in the fund.
Principal risks
Shareholder fees (fees paid directly from your investment)
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
0.09
Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above.
Calendar year total returns for Class A shares (Results do not include a sales charge; if a sales charge were included, results would be lower.)
(Results do not include a sales charges; if a sales charge were included, results would be lower.)
Investment results
500000
The following bar chart shows how the fund's investment results have varied from
year to year, and the following table shows how the fund's average annual total
returns for various periods compare with different broad measures of market results.
<tt>Highest/Lowest quarterly results during this period were:<br /><br />Highest 5.60% (quarter ended September 30, 2009)<br /><br />Lowest -2.23% (quarter ended December 31, 2010)</tt>
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Average annual total returns For the periods ended December 31, 2011 (with maximum sales charge):
<tt>The following bar chart shows how the fund's investment results have varied from<br />year to year, and the following table shows how the fund's average annual total<br />returns for various periods compare with different broad measures of market<br />results.</tt>
Portfolio turnover
<tt>This section describes the principal risks associated with the fund's principal<br />investment strategies. You may lose money by investing in the fund. The<br />likelihood of loss may be greater if you invest for a shorter period of time.<br /> <br />Market conditions -- The prices of, and the income generated by, the securities<br />held by the fund may decline due to market conditions and other factors, including <br />those directly involving the issuers of securities held by the fund.<br /> <br />Investing in bonds -- Rising interest rates will generally cause the prices of<br />bonds and other debt securities to fall. Longer maturity debt securities may be<br />subject to greater price fluctuations than shorter maturity debt securities. In<br />addition, falling interest rates may cause an issuer to redeem, call or refinance <br />a security before its stated maturity, which may result in the fund having to <br />reinvest the proceeds in lower yielding securities.<br /> <br />Bonds and other debt securities are subject to credit risk, which is the<br />possibility that the credit strength of an issuer will weaken and/or an issuer<br />of a debt security will fail to make timely payments of principal or interest<br />and the security will go into default.<br /> <br />Thinly traded securities -- There may be little trading in the secondary market<br />for particular bonds or other debt securities, which may make them more<br />difficult to value, acquire or sell.<br /> <br />Credit and liquidity support -- Changes in the credit quality of banks and<br />financial institutions providing credit and liquidity support features with<br />respect to securities held by the fund could cause the values of these<br />securities to decline.<br /> <br />Investing in lower rated bonds -- Lower rated bonds and other lower rated debt<br />securities generally have higher rates of interest and involve greater risk of<br />default or price declines due to changes in the issuer's creditworthiness than<br />those of higher quality debt securities. The market prices of these securities<br />may fluctuate more than the prices of higher quality debt securities and may<br />decline significantly in periods of general economic difficulty.<br /> <br />Investing in similar municipal bonds -- Investing significantly in municipal<br />obligations of issuers in the same state or backed by revenues of similar <br />types of projects or industries may make the fund more susceptible to certain<br />economic, political or regulatory occurrences. As a result, the potential for<br />fluctuations in the fund's share price may increase.<br /> <br />Management -- The investment adviser to the fund actively manages the fund's<br />investments. Consequently, the fund is subject to the risk that the methods <br />and analyses employed by the investment adviser in this process may not produce <br />the desired results. This could cause the fund to lose value or its investment<br />results to lag relevant benchmarks or other funds with similar objectives.<br /> <br />Your investment in the fund is not a bank deposit and is not insured or<br />guaranteed by the Federal Deposit Insurance Corporation or any other<br />governmental agency, entity or person. You should consider how this fund <br />fits into your overall investment program.</tt>
Fees and expenses of the fund
After-tax returns are shown only for Class A shares; after-tax returns for other share classes will vary.
Principal investment strategies
americanfunds.com
<tt>The following bar chart shows how the fund's investment results have varied from<br />year to year, and the following table shows how the fund's average annual total<br />returns for various periods compare with different broad measures of market<br />results. This information provides some indication of the risks of investing in<br />the fund. The Lipper Intermediate Municipal Debt Funds Average includes the fund<br />and other funds that disclose investment objectives and/or strategies reasonably<br />comparable to the fund's objective and/or strategies. Past investment results<br />(before and after taxes) are not predictive of future investment results.<br />Updated information on the fund's investment results can be obtained by <br />visiting americanfunds.com.</tt>
<tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the fund. You may qualify for sales charge discounts if you and your<br />family invest, or agree to invest in the future, at least $500,000 in American<br />Funds. More information about these and other discounts is available from your<br />financial professional and in the "Sales charge reductions and waivers" section<br />on page 48 of the prospectus and on page 70 of the fund's statement of<br />additional information.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000009237Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
For the share classes listed below, you would pay the following if you did not redeem your shares:
<div style="display:none">~ http://www.americanfunds.com/role/PerformanceTableData_S000009237Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div>
<tt>After-tax returns are shown only for Class A shares; after-tax returns for <br />other share classes will vary. After-tax returns are calculated using the <br />highest individual federal income tax rates in effect during each year of <br />the periods shown and do not reflect the impact of state and local taxes. <br />Your actual after-tax returns depend on your individual tax situation and <br />likely will differ from the results shown above.</tt>
Your investment in the fund is not a bank deposit and is not insured or guaranteed by
the Federal Deposit Insurance Corporation or any other governmental agency, entity or
person.
<div style="display:none">~ http://www.americanfunds.com/role/ExpenseExampleNoRedemption_S000009237Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<tt>Class A annualized 30-day yield at July 31, 2012: 1.12%         <br />(For current yield information, please call American FundsLine® <br />at 800/325-3590.)</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ShareholderFeesData_S000009237Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
Lipper Intermediate Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or taxes)
0.0860
0.0449
0.0431
0.0463
1993-10-06
Barclays Municipal Short-Intermediate 1-10 Years Index (reflects no deductions for sales charges, account fees, expenses or taxes)
0.0676
0.0520
0.0460
0.0484
1993-10-06
Share class A - After taxes on distributions and sale of fund shares
0.0411
0.0380
0.0386
1993-10-06
Share class A - After taxes on distributions
0.0477
0.0391
0.0395
1993-10-06
LTEFX
0.0000
Share classes F-2 - before taxes
39
122
480
0.00
213
0.0772
0.0013
0.0025
0.00
0.0000
0.0038
0.0534
2008-08-18
0.0000
LTXFX
0.0000
Share classes F-1 - before taxes
66
208
810
0.00
362
0.0743
0.0015
0.0025
0.0441
0.00
0.0025
0.0416
0.0065
0.0409
2001-03-15
0.0000
LTXCX
0.0000
Share classes C - before taxes
236
136
425
1613
0.00
734
0.0569
0.0009
0.0025
1613
0.0366
425
734
0.00
0.0100
0.0341
0.0134
0.0340
2001-03-15
0.0100
LTXBX
0.0000
Share classes B - before taxes
632
132
812
1375
0.00
913
0.0174
0.0005
0.0025
1375
0.0336
412
713
0.00
0.0100
0.0363
0.0130
0.0409
2000-03-15
0.0500
LTEBX
0.0781
Lowest
Highest
0.0250
800/325-3590
Share class A - Before taxes
310
2009-09-30
0.0112
437
-0.0223
0.0277
0.0364
981
0.00
576
0.0324
0.0560
0.0477
0.0005
-0.0131
0.0025
2010-12-31
0.0945
0.0391
0.0157
0.0748
0.00
0.0428
Class A annualized 30-day yield at July 31, 2012:
0.0030
0.0395
0.0060
0.0361
0.0444
1993-10-06
0.0100
<tt>The fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when <br />fund shares are held in a taxable account. These costs, which are not reflected <br />in annual fund operating expenses or in the example, affect the fund's investment <br />results. During the most recent fiscal year, the fund's portfolio turnover rate <br />was 20% of the average value of its portfolio.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000009229Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<div style="display:none">~ http://www.americanfunds.com/role/BarChartData_S000009229Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<tt>The fund's investment objective is to provide you with a high level of current<br />income exempt from regular federal income tax.</tt>
<tt>This example is intended to help you compare the cost of investing in the <br />fund with the cost of investing in other mutual funds.<br /> <br />The example assumes that you invest $10,000 in the fund for the time periods<br />indicated and then redeem all of your shares at the end of those periods. The<br />example also assumes that your investment has a 5% return each year and that <br />the fund's operating expenses remain the same.</tt>
<tt>In seeking to achieve its objective, the fund may forego opportunities that<br />would result in capital gains and may accept prudent risks to capital value, <br />in each case to take advantage of opportunities for higher current income.<br /> <br />Under normal circumstances, the fund will invest at least 80% of its assets <br />in, or derive at least 80% of its income from, securities that are exempt <br />from regular federal income tax. The fund may invest, without limitation, in<br />securities that may subject you to federal alternative minimum tax. The fund<br />invests a significant portion of its portfolio in municipal bonds rated BBB+ <br />or below or Baa1 or below by Nationally Recognized Statistical Rating <br />Organizations designated by the fund's investment adviser, or unrated but <br />determined by the fund's investment adviser to be of equivalent quality. <br />Securities rated BB+ or below and Ba1 or below are sometimes referred to as <br />"junk bonds." Some of the securities in which the fund invests may have credit <br />and liquidity support features, including guarantees and letters of credit.<br /> <br />In addition, the fund may invest significantly in municipal obligations of<br />issuers in the same state, or engaged in the same types of projects or<br />industries.<br /><br />The investment adviser uses a system of multiple portfolio counselors in<br />managing the fund's assets. Under this approach, the portfolio of the fund is<br />divided into segments managed by individual counselors who decide how their<br />respective segments will be invested.<br /> <br />The fund relies on the professional judgment of its investment adviser to make<br />decisions about the fund's portfolio investments. The basic investment philosophy <br />of the investment adviser is to seek to invest in attractively priced securities <br />that, in its opinion, represent good, long-term investment opportunities. The <br />investment adviser believes that an important way to accomplish this is by <br />analyzing various factors, which may include the credit strength of the issuer, <br />prices of similar securities issued by comparable issuers, anticipated changes <br />in interest rates, general market conditions and other factors pertinent to the <br />particular security being evaluated. Securities may be sold when the investment <br />adviser believes that they no longer represent relatively attractive investment <br />opportunities.</tt>
American High-Income Municipal Bond Fund®
Example
After-tax returns are calculated using the highest individual federal
income tax rates in effect during each year of the periods shown and
do not reflect the impact of state and local taxes.
Investment objective
Past investment results (before and after taxes) are not predictive of future investment results.
The Barclays High Yield Municipal Bond Index is a market-value-weighted index composed of municipal bonds rated below BBB/Baa. The Lipper High Yield Municipal Debt Funds Average includes the fund and other funds that disclose investment objectives and/or strategies reasonably comparable to the fund's objective and/or strategies.
You may lose money by investing in the fund.
Principal risks
Shareholder fees (fees paid directly from your investment)
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
0.20
Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above.
Calendar year total returns for Class A Shares (Results do not include a
sales charge; if a sales charge were included, results would be lower.)
Results do not include a sales charge; if a sales charge were included, results would be lower.)
Investment results
The following bar chart shows how the fund's investment results have varied
from year to year, and the following table shows how the fund's average
annual total returns for various periods compare with different broad measures
of market results.
<tt>Highest/Lowest quarterly results during this period were.<br /><br />Highest  11.55% (quarter ended September 30, 2009)<br /><br />Lowest  -13.96% (quarter ended December 31, 2008)<br /><br />The fund's total return for the six months ended <br />June 30, 2012 was 7.99%.</tt>
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Average annual total returns For the periods ended December 31, 2011 (with maximum sales charge):
<tt>The following bar chart shows how the fund's investment results have varied from<br />year to year, and the following table shows how the fund's average annual total<br />returns for various periods compare with different broad measures of market<br />results.</tt>
Portfolio turnover
<tt>This section describes the principal risks associated with the fund's principal<br />investment strategies. You may lose money by investing in the fund. The likelihood <br />of loss may be greater if you invest for a shorter period of time.<br /> <br />Market conditions -- The prices of, and the income generated by, the securities<br />held by the fund may decline due to market conditions and other factors,<br />including those directly involving the issuers of securities held by the fund.<br /> <br />Investing in bonds -- Rising interest rates will generally cause the prices of<br />bonds and other debt securities to fall. Longer maturity debt securities may be<br />subject to greater price fluctuations than shorter maturity debt securities. <br />In addition, falling interest rates may cause an issuer to redeem, call or <br />refinance a security before its stated maturity, which may result in the fund <br />having to reinvest the proceeds in lower yielding securities.<br /> <br />Bonds and other debt securities are subject to credit risk, which is the<br />possibility that the credit strength of an issuer will weaken and/or an issuer<br />of a debt security will fail to make timely payments of principal or interest<br />and the security will go into default.<br /> <br />Thinly traded securities -- There may be little trading in the secondary market<br />for particular bonds or other debt securities, which may make them more<br />difficult to value, acquire or sell.<br /> <br />Credit and liquidity support -- Changes in the credit quality of banks and<br />financial institutions providing credit and liquidity support features with<br />respect to securities held by the fund could cause the values of these<br />securities to decline.<br />  <br />Investing in lower rated bonds -- Lower rated bonds and other lower rated debt<br />securities generally have higher rates of interest and involve greater risk of<br />default or price declines due to changes in the issuer's creditworthiness than<br />those of higher quality debt securities. The market prices of these securities<br />may fluctuate more than the prices of higher quality debt securities and may<br />decline significantly in periods of general economic difficulty. These risks <br />may be increased with respect to investments in junk bonds.<br /> <br />Investing in similar municipal bonds -- Investing significantly in municipal<br />obligations of issuers in the same state or backed by revenues of similar types<br />of projects or industries may make the fund more susceptible to certain economic, <br />political or regulatory occurrences. As a result, the potential for fluctuations <br />in the fund's share price may increase.<br /> <br />Management -- The investment adviser to the fund actively manages the fund's<br />investments. Consequently, the fund is subject to the risk that the methods and<br />analyses employed by the investment adviser in this process may not produce the<br />desired results. This could cause the fund to lose value or its investment<br />results to lag relevant benchmarks or other funds with similar objectives.<br /> <br />Your investment in the fund is not a bank deposit and is not insured or guaranteed <br />by the Federal Deposit Insurance Corporation or any other governmental agency, <br />entity or person. You should consider how this fund fits into your overall <br />investment program.</tt>
Fees and expenses of the fund
After-tax returns are shown only for Class A shares;
Principal investment strategies
americanfunds.com
<tt>The following bar chart shows how the fund's investment results have varied from<br />year to year, and the following table shows how the fund's average annual total<br />returns for various periods compare with different broad measures of market<br />results. This information provides some indication of the risks of investing in<br />the fund. The Barclays High Yield Municipal Bond Index is a market-value-weighted <br />index composed of municipal bonds rated below BBB/Baa. The Lipper High Yield <br />Municipal Debt Funds Average includes the fund and other funds that disclose <br />investment objectives and/or strategies reasonably comparable to the fund's <br />objective and/or strategies. Past investment results (before and after taxes) <br />are not predictive of future investment results. Updated information on the <br />fund's investment results can be obtained by visiting americanfunds.com. <br />Investment results for Class R-6 shares are not presented because the class <br />had not commenced operations as of December 31, 2011. However, results for <br />Class A shares are presented because Class A is the class of shares with the <br />longest period of operation. Other share classes, including Class R-6 shares, <br />have different expenses and therefore different investment results.</tt>
<tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the fund.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000009229Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<div style="display:none">~ http://www.americanfunds.com/role/PerformanceTableData_S000009229Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div>
<tt>After-tax returns are shown only for Class A shares; after-tax returns for other<br />share classes will vary. After-tax returns are calculated using the highest<br />individual federal income tax rates in effect during each year of the periods<br />shown and do not reflect the impact of state and local taxes. Your actual<br />after-tax returns depend on your individual tax situation and likely will differ<br />from the results shown above.</tt>
Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency, entity or person.
<tt>Class A annualized 30-day yield at July 31, 2012: 3.39%         <br />(For current yield information, please call American FundsLine® <br />at 800/325-3590.)</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ShareholderFeesData_S000009229Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
Lipper High Yield Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or taxes)
0.0994
0.0165
0.0416
0.0493
1994-09-26
Barclays High Yield Municipal Bond Index (reflects no deductions for sales charges, account fees, expenses or taxes)
0.0925
0.0220
0.0551
1994-09-26
Barclays Municipal Bond Index (reflects no deductions for sales charges, account fees, expenses or taxes)
0.1070
0.0522
0.0538
0.0599
1994-09-26
Share class A - After taxes on distributions and sale of fund shares
0.0547
0.0222
0.0394
1994-09-26
Share class A - After taxes on distributions
0.0575
0.0183
0.0382
1994-09-26
0.0624
Lowest
Highest
0.00
800/325-3590
2012-06-30
Share class A - Before taxes
39
2009-09-30
0.0339
122
0.1396
0.0566
0.0408
480
213
-0.0081
0.1155
0.0575
0.0004
-0.1940
0.0034
2008-12-31
0.2444
0.0183
0.0468
The fund's total return
0.00
0.0990
0.00
0.0624
Class A annualized 30-day yield at July 31, 2012:
0.00
0.0382
0.0038
0.0638
0.0514
1994-09-26
0.0799
0.00
<tt>The fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when <br />fund shares are held in a taxable account. These costs, which are not reflected <br />in annual fund operating expenses or in the example, affect the fund's investment <br />results. During the most recent fiscal year, the fund's portfolio turnover rate <br />was 20% of the average value of its portfolio.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000009229Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<div style="display:none">~ http://www.americanfunds.com/role/BarChartData_S000009229Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<tt>The fund's investment objective is to provide you with a high level of current<br />income exempt from regular federal income tax.</tt>
<tt>This example is intended to help you compare the cost of investing in the <br />fund with the cost of investing in other mutual funds.<br /><br />The example assumes that you invest $10,000 in the fund for the time periods<br />indicated and then redeem all of your shares at the end of those periods. The<br />example also assumes that your investment has a 5% return each year and that <br />the fund's operating expenses remain the same.</tt>
<tt>In seeking to achieve its objective, the fund may forego opportunities that<br />would result in capital gains and may accept prudent risks to capital value, <br />in each case to take advantage of opportunities for higher current income.<br /> <br />Under normal circumstances, the fund will invest at least 80% of its assets in,<br />or derive at least 80% of its income from, securities that are exempt from<br />regular federal income tax. The fund may invest, without limitation, in<br />securities that may subject you to federal alternative minimum tax. The fund <br />invests a significant portion of its portfolio in municipal bonds rated BBB+ or<br />below or Baa1 or below by Nationally Recognized Statistical Rating Organizations<br />designated by the fund's investment adviser, or unrated but determined by the<br />fund's investment adviser to be of equivalent quality. Securities rated BB+ or<br />below and Ba1 or below are sometimes referred to as "junk bonds." Some of the<br />securities in which the fund invests may have credit and liquidity support<br />features, including guarantees and letters of credit.<br /> <br />In addition, the fund may invest significantly in municipal obligations of<br />issuers in the same state, or engaged in the same types of projects or<br />industries.<br /> <br />The investment adviser uses a system of multiple portfolio counselors in<br />managing the fund's assets. Under this approach, the portfolio of the fund is<br />divided into segments managed by individual counselors who decide how their<br />respective segments will be invested.<br /> <br />The fund relies on the professional judgment of its investment adviser to make<br />decisions about the fund's portfolio investments. The basic investment philosophy <br />of the investment adviser is to seek to invest in attractively priced securities <br />that, in its opinion, represent good, long-term investment opportunities. The <br />investment adviser believes that an important way to accomplish this is by <br />analyzing various factors, which may include the credit strength of the issuer, <br />prices of similar securities issued by comparable issuers, anticipated changes <br />in interest rates, general market conditions and other factors pertinent to the <br />particular security being evaluated. Securities may be sold when the investment <br />adviser believes that they no longer represent relatively attractive investment <br />opportunities.</tt>
American High-Income Municipal Bond Fund®
You may qualify for sales charge discounts if you and your family invest,
or agree to invest in the future, at least $100,000 in American Funds.
Example
After-tax returns are calculated using the highest individual federal income tax rates in effect during each year of the periods shown and do not reflect the impact of state and local taxes.
Investment objective
Past investment results (before and after taxes) are not predictive of future investment results.
The Barclays High Yield Municipal Bond Index is a market-value-weighted index composed of municipal bonds rated below BBB/Baa. The Lipper High Yield Municipal Debt Funds Average includes the fund and other funds that disclose investment objectives and/or strategies reasonably comparable to the fund's objective and/or strategies.
You may lose money by investing in the fund.
Principal risks
Shareholder fees (fees paid directly from your investment)
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
0.20
Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above.
Calendar year total returns for Class A shares (Results do not include a sales charge; if a sales charge were included, results would be lower.)
(Results do not include a sales charge; if a sales charge were included, results would be lower.)
Investment results
100000
The following bar chart shows how the fund's investment results have varied from
year to year, and the following table shows how the fund's average annual total
returns for various periods compare with different broad measures of market results.
<tt>Highest/Lowest quarterly results during this period were:<br /><br />Highest  11.55% (quarter ended September 30, 2009)<br /><br />Lowest  -13.96% (quarter ended December 31, 2008)<br /><br />The fund's total return for the six month ended<br />June 30, 2012, was 7.99%.</tt>
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Average annual total returns For the periods ended December 31, 2011 (with maximum sales charge):
<tt>The following bar chart shows how the fund's investment results have varied from<br />year to year, and the following table shows how the fund's average annual total<br />returns for various periods compare with different broad measures of market<br />results.</tt>
Portfolio turnover
<tt>This section describes the principal risks associated with the fund's principal<br />investment strategies. You may lose money by investing in the fund. The<br />likelihood of loss may be greater if you invest for a shorter period of time.<br /> <br />Market conditions -- The prices of, and the income generated by, the securities<br />held by the fund may decline due to market conditions and other factors,<br />including those directly involving the issuers of securities held by the fund.<br /> <br />Investing in bonds -- Rising interest rates will generally cause the prices of<br />bonds and other debt securities to fall. Longer maturity debt securities may be<br />subject to greater price fluctuations than shorter maturity debt securities. In<br />addition, falling interest rates may cause an issuer to redeem, call or refinance <br />a security before its stated maturity, which may result in the fund having to <br />reinvest the proceeds in lower yielding securities.<br /> <br />Bonds and other debt securities are subject to credit risk, which is the<br />possibility that the credit strength of an issuer will weaken and/or an issuer<br />of a debt security will fail to make timely payments of principal or interest<br />and the security will go into default.<br /> <br />Thinly traded securities -- There may be little trading in the secondary market<br />for particular bonds or other debt securities, which may make them more difficult <br />to value, acquire or sell.<br /> <br />Credit and liquidity support -- Changes in the credit quality of banks and<br />financial institutions providing credit and liquidity support features with<br />respect to securities held by the fund could cause the values of these<br />securities to decline.<br /> <br />Investing in lower rated bonds -- Lower rated bonds and other lower rated debt<br />securities generally have higher rates of interest and involve greater risk of<br />default or price declines due to changes in the issuer's creditworthiness than<br />those of higher quality debt securities. The market prices of these securities<br />may fluctuate more than the prices of higher quality debt securities and may<br />decline significantly in periods of general economic difficulty. These risks may<br />be increased with respect to investments in junk bonds.<br /> <br />Investing in similar municipal bonds -- Investing significantly in municipal<br />obligations of issuers in the same state or backed by revenues of similar types<br />of projects or industries may make the fund more susceptible to certain<br />economic, political or regulatory occurrences. As a result, the potential for<br />fluctuations in the fund's share price may increase.<br /> <br />Management -- The investment adviser to the fund actively manages the fund's<br />investments. Consequently, the fund is subject to the risk that the methods and<br />analyses employed by the investment adviser in this process may not produce the<br />desired results. This could cause the fund to lose value or its investment<br />results to lag relevant benchmarks or other funds with similar objectives.<br /> <br />Your investment in the fund is not a bank deposit and is not insured or guaranteed <br />by the Federal Deposit Insurance Corporation or any other governmental agency, <br />entity or person. You should consider how this fund fits into your overall <br />investment program.</tt>
Fees and expenses of the fund
After-tax returns are shown only for Class A shares;
Principal investment strategies
americanfunds.com
<tt>The following bar chart shows how the fund's investment results have varied from<br />year to year, and the following table shows how the fund's average annual total<br />returns for various periods compare with different broad measures of market<br />results. This information provides some indication of the risks of investing in<br />the fund. The Barclays High Yield Municipal Bond Index is a market-value-weighted <br />index composed of municipal bonds rated below BBB/Baa. The Lipper High Yield <br />Municipal Debt Funds Average includes the fund and other funds that disclose <br />investment objectives and/or strategies reasonably comparable to the fund's <br />objective and/or strategies. Past investment results (before and after taxes) <br />are not predictive of future investment results. Updated information on the <br />fund's investment results can be obtained by visiting americanfunds.com.</tt>
<tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the fund. You may qualify for sales charge discounts if you and your<br />family invest, or agree to invest in the future, at least $100,000 in American<br />Funds. More information about these and other discounts is available from your<br />financial professional and in the "Sales charge reductions and waivers" section<br />on page 48 of the prospectus and on page 70 of the fund's statement of<br />additional information.</tt>
<div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000009229Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
For the share classes listed below, you would pay the following if you did not redeem your shares:
<div style="display:none">~ http://www.americanfunds.com/role/PerformanceTableData_S000009229Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div>
<tt>After-tax returns are shown only for Class A shares; after-tax returns for other<br />share classes will vary. After-tax returns are calculated using the highest<br />individual federal income tax rates in effect during each year of the periods<br />shown and do not reflect the impact of state and local taxes. Your actual<br />after-tax returns depend on your individual tax situation and likely will differ<br />from the results shown above.</tt>
Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency, entity or person.
<div style="display:none">~ http://www.americanfunds.com/role/ExpenseExampleNoRedemption_S000009229Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<tt>Class A annualized 30-day yield at July 31, 2012: 3.39%         <br />(For current yield information, please call American FundsLine® <br />at 800/325-3590.)</tt>
<div style="display:none">~ http://www.americanfunds.com/role/ShareholderFeesData_S000009229Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
Lipper High Yield Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or taxes)
0.0994
0.0165
0.0416
0.0493
1994-09-26
Barclays High Yield Municipal Bond Index (reflects no deductions for sales charges, account fees, expenses or taxes)
0.0925
0.0220
0.0551
1994-09-26
Barclays Municipal Bond Index (reflects no deductions for sales charges, account fees, expenses or taxes)
0.1070
0.0522
0.0538
0.0599
1994-09-26
Share class A - After taxes on distributions and sale of fund shares
0.0547
0.0222
0.0394
1994-09-26
Share class A - After taxes on distributions
0.0575
0.0183
0.0382
1994-09-26
AHMFX
0.0000
Share class F-2 - Before taxes
50
157
616
0.00
274
0.1009
0.0015
0.0034
0.00
0.0000
0.0049
0.0493
2008-08-12
0.0000
ABHFX
0.0000
Share class F-1 - Before taxes
78
243
942
0.00
422
0.0978
0.0017
0.0034
0.0254
0.00
0.0025
0.0414
0.0076
0.0418
2001-03-19
0.0000
AHICX
0.0000
Share class C - Before taxes
249
149
462
1746
0.00
797
0.0802
0.0012
0.0034
1746
0.0182
462
797
0.00
0.0100
0.0339
0.0146
0.0350
2001-03-15
0.0100
ABHMX
0.0000
Share class B - Before taxes
645
145
849
1500
0.00
976
0.0407
0.0008
0.0034
1500
0.0154
449
776
0.00
0.0100
0.0363
0.0142
0.0417
2000-03-15
0.0500
AMHIX
0.0624
Lowest
Highest
0.0375
800/325-3590
2012-06-30
Share class A - Before taxes
442
2009-09-30
0.0339
584
-0.1396
0.0566
0.0408
1190
0.00
739
-0.0081
0.1155
0.0575
0.0008
-0.1940
0.0034
2008-12-31
0.2444
0.0183
0.0468
The fund's total return
0.0990
0.00
0.0624
Class A annualized 30-day yield at July 31, 2012:
0.0026
0.0382
0.0068
0.0638
0.0514
1994-09-26
0.0799
0.0100
0000925950
ck0000925950:SummaryS000009229-1Memberck0000925950:S000009229Memberck0000925950:C000025078Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-1Memberck0000925950:S000009229Memberck0000925950:C000025079Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-1Memberck0000925950:S000009229Memberck0000925950:C000025080Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-1Memberck0000925950:S000009229Memberck0000925950:C000025081Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-1Memberck0000925950:S000009229Memberck0000925950:C000068565Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-1Memberck0000925950:S000009229Memberrr:AfterTaxesOnDistributionsMemberck0000925950:C000025078Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-1Memberck0000925950:S000009229Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0000925950:C000025078Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-1Memberck0000925950:S000009229Memberck0000925950:RRINDEX00001Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-1Memberck0000925950:S000009229Memberck0000925950:RRINDEX00002Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-1Memberck0000925950:S000009229Memberck0000925950:RRINDEX00003Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-1Memberck0000925950:S000009229Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-2Memberck0000925950:S000009229Memberck0000925950:C000114834Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-2Memberck0000925950:S000009229Memberrr:AfterTaxesOnDistributionsMemberck0000925950:C000114834Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-2Memberck0000925950:S000009229Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0000925950:C000114834Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-2Memberck0000925950:S000009229Memberck0000925950:RRINDEX00001Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-2Memberck0000925950:S000009229Memberck0000925950:RRINDEX00002Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-2Memberck0000925950:S000009229Memberck0000925950:RRINDEX00003Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009229-2Memberck0000925950:S000009229Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-1Memberck0000925950:S000009237Memberck0000925950:C000025160Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-1Memberck0000925950:S000009237Memberck0000925950:C000025161Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-1Memberck0000925950:S000009237Memberck0000925950:C000025162Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-1Memberck0000925950:S000009237Memberck0000925950:C000025163Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-1Memberck0000925950:S000009237Memberck0000925950:C000068566Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-1Memberck0000925950:S000009237Memberrr:AfterTaxesOnDistributionsMemberck0000925950:C000025160Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-1Memberck0000925950:S000009237Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0000925950:C000025160Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-1Memberck0000925950:S000009237Memberck0000925950:RRINDEX00004Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-1Memberck0000925950:S000009237Memberck0000925950:RRINDEX00005Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-1Memberck0000925950:S000009237Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-2Memberck0000925950:S000009237Memberck0000925950:C000114837Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-2Memberck0000925950:S000009237Memberrr:AfterTaxesOnDistributionsMemberck0000925950:C000114837Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-2Memberck0000925950:S000009237Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0000925950:C000114837Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-2Memberck0000925950:S000009237Memberck0000925950:RRINDEX00004Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-2Memberck0000925950:S000009237Memberck0000925950:RRINDEX00005Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000009237-2Memberck0000925950:S000009237Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000030189Memberck0000925950:S000030189Memberck0000925950:C000092891Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000030189Memberck0000925950:S000030189Memberck0000925950:C000092892Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000030189Memberck0000925950:S000030189Memberck0000925950:C000092893Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000030189Memberck0000925950:S000030189Memberck0000925950:C000092894Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000030189Memberck0000925950:S000030189Memberck0000925950:C000092895Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000030189Memberck0000925950:S000030189Memberrr:AfterTaxesOnDistributionsMemberck0000925950:C000092891Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000030189Memberck0000925950:S000030189Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0000925950:C000092891Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000030189Memberck0000925950:S000030189Memberck0000925950:RRINDEX00006Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000030189Memberck0000925950:S000030189Memberck0000925950:RRINDEX00008Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000030189Memberck0000925950:S000030189Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000845376Memberck0000925950:S000845376Memberck0000925950:C000025125Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000845376Memberck0000925950:S000845376Memberck0000925950:C000079135Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000845376Memberck0000925950:S000845376Memberck0000925950:C000079136Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000845376Memberck0000925950:S000845376Memberrr:AfterTaxesOnDistributionsMemberck0000925950:C000025125Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000845376Memberck0000925950:S000845376Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0000925950:C000025125Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000845376Memberck0000925950:S000845376Memberck0000925950:RRINDEX00009Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000845376Memberck0000925950:S000845376Memberck0000925950:RRINDEX00010Member
2012-10-01
2012-10-01
0000925950
ck0000925950:SummaryS000845376Memberck0000925950:S000845376Member
2012-10-01
2012-10-01
0000925950
2012-10-01
2012-10-01
pure
iso4217:USD
A contingent deferred sales charge of 1.00% applies on certain redemptions within one year following purchases of $1 million or more made without an initial sales charge.
Based on estimated amounts for a full fiscal year.
A contingent deferred sales charge of 1.00% applies on certain redemptions made within one year following purchases of $1 million or more made without an initial sales charge.
The investment adviser is currently reimbursing a portion of the other expenses. The reimbursement will be in effect at least through September 30, 2013, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.