0000051931-12-000765.txt : 20121121 0000051931-12-000765.hdr.sgml : 20121121 20121121134154 ACCESSION NUMBER: 0000051931-12-000765 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20121121 DATE AS OF CHANGE: 20121121 EFFECTIVENESS DATE: 20121121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TAX EXEMPT BOND FUND OF AMERICA CENTRAL INDEX KEY: 0000050142 IRS NUMBER: 953401318 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-49291 FILM NUMBER: 121220662 BUSINESS ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: TAX EXEMPT BOND FUND OF AMERICA INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: INDEX FUND OF AMERICA INC DATE OF NAME CHANGE: 19790819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TAX EXEMPT BOND FUND OF AMERICA CENTRAL INDEX KEY: 0000050142 IRS NUMBER: 953401318 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-02421 FILM NUMBER: 121220663 BUSINESS ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: TAX EXEMPT BOND FUND OF AMERICA INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: INDEX FUND OF AMERICA INC DATE OF NAME CHANGE: 19790819 0000050142 S000009238 TAX EXEMPT BOND FUND OF AMERICA C000025165 Class A AFTEX C000025166 Class B TEBFX C000025167 Class C TEBCX C000025168 Class F-1 AFTFX C000068567 Class F-2 TEAFX C000114839 Class R-6 485BPOS 1 tebf485bxbrl.htm THE TAX-EXEMPT BOND FUND OF AMERICA tebf485bxbrl.htm
SEC. File Nos.  002-49291
811-02421

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________

FORM N-1A
Registration Statement
Under
the Securities Act of 1933
Post-Effective Amendment No. 49
and
Registration Statement
Under
The Investment Company Act of 1940
Amendment No. 49
____________

THE TAX-EXEMPT BOND FUND OF AMERICA
(Exact Name of Registrant as Specified in Charter)

333 South Hope Street
Los Angeles, California 90071-1447
(Address of Principal Executive Offices)

Registrant's telephone number, including area code:
(213) 486-9200
____________

COURTNEY R. TAYLOR, Secretary
The Tax-Exempt Bond Fund of America
333 South Hope Street
Los Angeles, California 90071-1447
(Name and Address of Agent for Service)
____________

Copies to:
Michael Glazer
Bingham McCutchen LLP
 355 South Grand Avenue, Suite 4400
Los Angeles, CA 90071-3106
 (Counsel for the Registrant)
____________


Approximate date of proposed public offering:
It is proposed that this filing become effective immediately pursuant to paragraph (b) of rule 485.


 
 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Los Angeles, and State of California, on the 21st day of November, 2012.

THE TAX-EXEMPT BOND FUND OF AMERICA

By:  /s/ Neil L. Langberg                                           
(Neil L. Langberg, President)

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below on November 21, 2012, by the following persons in the capacities indicated.

 
 
Signature
 
Title
(1)
Principal Executive Officer:
 
/s/ Neil L. Langberg
President
 
 
(Neil L. Langberg)
 
(2)
Principal Financial Officer and Principal Accounting Officer:
 
/s/ Karl C. Grauman
Treasurer
 
(Karl C. Grauman)
 
(3)
Trustees:
 
William H. Baribault*
Trustee
 
James G. Ellis*
Trustee
 
Leonard R. Fuller*
Trustee
 
W. Scott Hedrick*
Trustee
 
R. Clark Hooper*
Chairman of the Board (Independent and Non-Executive)
 
Merit E. Janow*
Trustee
 
Laurel B. Mitchell*
Trustee
 
Frank M. Sanchez*
Trustee
 
Margaret Spellings*
Trustee
 
Steadman Upham*
Trustee
 
/s/ Karl J. Zeile
Vice President and Trustee
 
(Karl J. Zeile)
 
*By:   /s/ Courtney R. Taylor
 
 
(Courtney R. Taylor, pursuant to a power of attorney filed herewith)
 

Counsel represents that this amendment does not contain disclosures that would make the amendment ineligible for effectiveness under the provisions of rule 485(b).

/s/ Katherine H. Newhall
(Katherine H. Newhall)
 
 
 
 

 
POWER OF ATTORNEY

I, William H. Baribault, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ William H. Baribault                                                             
William H. Baribault, Board member
 
 
 

 
POWER OF ATTORNEY

I, James G. Ellis, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
AMCAP Fund (File No. 002-26516, File No. 811-01435)
-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
American Funds Global Balanced Fund (File No. 333-170605, File No. 811-22496)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
American Mutual Fund (File No. 002-10607, File No. 811-00572)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
The Investment Company of America (File No. 002-10811, File No. 811-00116)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Brian D. Bullard
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Ari M. Vinocor
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ James G. Ellis                                                             
James G. Ellis, Board member
 
 
 

 
POWER OF ATTORNEY

I, Leonard R. Fuller, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
AMCAP Fund (File No. 002-26516, File No. 811-01435)
-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
American Funds Global Balanced Fund (File No. 333-170605, File No. 811-22496)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
American Mutual Fund (File No. 002-10607, File No. 811-00572)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
The Investment Company of America (File No. 002-10811, File No. 811-00116)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Brian D. Bullard
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Ari M. Vinocor
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ Leonard R. Fuller                                                             
Leonard R. Fuller, Board member
 
 
 

 
POWER OF ATTORNEY

I, W. Scott Hedrick, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ W. Scott Hedrick                                                             
W. Scott Hedrick, Board member
 
 
 

 

POWER OF ATTORNEY

I, R. Clark Hooper, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital Income Builder (File No. 033-12967, File No. 811-05085)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Capital World Growth and Income Fund, Inc. (File No. 033-54444, File No. 811-07338)
-  
Capital World Growth and Income Fund
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
The New Economy Fund  (File No. 002-83848, File No. 811-03735)
-  
The New Economy Fund
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Neal F. Wellons
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ R. Clark Hooper                                                             
R. Clark Hooper, Board member
 
 
 

 
POWER OF ATTORNEY

I, Merit E. Janow, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital Income Builder (File No. 033-12967, File No. 811-05085)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Capital World Growth and Income Fund, Inc. (File No. 033-54444, File No. 811-07338)
-  
Capital World Growth and Income Fund
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
The New Economy Fund  (File No. 002-83848, File No. 811-03735)
-  
The New Economy Fund
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Neal F. Wellons
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ Merit E. Janow                                                             
Merit E. Janow, Board member
 
 
 

 
POWER OF ATTORNEY

I, Laurel B. Mitchell, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ Laurel B. Mitchell                                                             
Laurel B. Mitchell, Board member

 
 

 
POWER OF ATTORNEY

I, Frank M. Sanchez, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Los Angeles, CA, this 13th day of June, 2012.
     (City, State)


/s/ Frank M. Sanchez                                                             
Frank M. Sanchez, Board member

 
 

 
POWER OF ATTORNEY

I, Margaret Spellings, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Balanced Fund (File No. 002-10758, File No. 811-00066)
-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
The Income Fund of America (File No. 002-33371, File No. 811-01880)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
International Growth and Income Fund (File No. 333-152323, File No. 811-22215)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Jeffrey P. Regal
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at                                                      Washington, DC, this 18th day of June, 2012.
      (City, State)


/s/ Margaret Spellings                                                             
Margaret Spellings, Board member
 
 
 

 
POWER OF ATTORNEY

I, Steadman Upham, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital Income Builder (File No. 033-12967, File No. 811-05085)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Capital World Growth and Income Fund, Inc. (File No. 033-54444, File No. 811-07338)
-  
Capital World Growth and Income Fund
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
The New Economy Fund  (File No. 002-83848, File No. 811-03735)
-  
The New Economy Fund
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Neal F. Wellons
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ Steadman Upham                                                             
Steadman Upham, Board member
 
 
 

 
Exhibit Index

Exhibit No.
Description
   
EX-101.INS
XBRL Instance Document
EX-101.SCH
XBRL Taxonomy Extension Schema Document
EX-101.CAL
XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF
XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB
XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE
XBRL Taxonomy Extension Presentation Linkbase

 
 

 
EX-101.INS 2 ck0000050142-20120831.xml 485BPOS 2012-08-31 0000050142 2012-11-01 TAX EXEMPT BOND FUND OF AMERICA false 2012-10-31 2012-11-01 <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 15% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000009239Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.americanfunds.com/role/BarChartData_S000009239Member 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 and California 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 California and its agencies and municipalities<br />within the state. Consistent with the fund's objectives, the fund may also<br />invest in municipal securities that are issued by jurisdictions outside<br />California. Municipal bonds are debt obligations generally issued to obtain<br />funds for various public purposes, including the construction of public<br />facilities.<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 from <br />both regular federal and California income taxes and that do not subject you <br />to federal alternative minimum tax. The fund may also invest up to 20% of its<br />assets in securities that subject you to federal alternative minimum tax. The<br />fund is intended primarily for taxable residents of California.<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 may also invest in debt<br />securities rated BB+ or below and Ba1 or below or unrated but determined by the<br />fund's investment adviser to be of equivalent quality. Such securities are<br />sometimes referred to as "junk bonds." Some of the securities in which the fund<br />invests may have credit and liquidity support features, including guarantees and<br />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 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> The Tax-Exempt Fund of California® <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 California Municipal Debt Funds Average includes the fund and other funds that disclose investment objectives and/or strategies reasonably comparable to the fund's primary 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 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 10.13% (quarter ended September 30, 2009)<br />Lowest -7.29% (quarter ended December 31, 2008)<br /><br />The fund's total return for nine months ended September 30, 2012, was 8.42%.</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 />Investing in municipal bonds of issuers within the state of California - Because<br />the fund invests primarily in securities of issuers within the state of<br />California, the fund is more susceptible to factors adversely affecting issuers<br />of California securities than a comparable municipal bond mutual fund that does<br />not concentrate its investments in a single state. For example, in the past,<br />California voters have passed amendments to the state's constitution and other<br />measures that limit the taxing and spending authority of California governmental<br />entities, and future voter initiatives may adversely affect California municipal<br />bonds. More detailed information about the risks of investing in California<br />municipal securities is 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 <br />be 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 <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 <br />in the fund. The Lipper California Municipal Debt Funds Average includes the <br />fund and other funds that disclose investment objectives and/or strategies <br />reasonably comparable to the fund's primary objective and/or strategies. Past <br />investment results (before and after taxes) are not predictive of future <br />investment results. Updated information on the fund's investment results <br />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 33 of the prospectus and on page 63 of the fund's statement of<br />additional information.</tt> <div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000009239Member 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_S000009239Member column dei_LegalEntityAxis compact * column rr_PerformanceMeasureAxis compact * column rr_ProspectusShareClassAxis 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_S000009239Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>Class A annualized 30-day yield at August 31, 2012: 2.53%&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />(For current yield information, please call American FundsLine&#xAE; <br />at 800/325-3590.)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</tt> <div style="display:none">~ http://www.americanfunds.com/role/ShareholderFeesData_S000009239Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Lipper California Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or taxes) 0.1172 0.0363 0.0440 0.0579 1986-10-28 Barclays California Municipal Index (reflects no deductions for sales charges, account fees, expenses or taxes) 0.1228 0.0504 0.0532 1986-10-28 Share class A - After taxes on distributions and sale of fund shares 0.0626 0.0339 0.0425 1986-10-28 Share class A - After taxes on distributions 0.0741 0.0330 0.0428 1986-10-28 TEFEX 0.0000 Share class F-2 (before taxes) 49 154 604 269 0.1177 0.0015 0.0033 0.00 0.00 0.0000 0.0048 0.0621 2008-08-22 0.0000 TECFX 0.0000 Share class F-1 (before taxes) 75 233 906 406 0.1149 0.0015 0.0033 0.0401 0.00 0.00 0.0025 0.0457 0.0073 0.0442 2001-03-20 0.0000 TECCX 0.0000 Share class C (before taxes) 245 145 449 1702 776 0.0973 0.0009 0.0033 1702 0.0328 449 776 0.00 0.00 0.0100 0.0382 0.0142 0.0372 2001-03-19 0.0100 TECBX 0.0000 Share class B (before taxes) 639 139 834 1443 950 0.0579 0.0004 0.0033 1443 0.0298 434 750 0.00 0.00 0.0100 0.0406 0.0137 0.0458 2000-03-15 0.0500 TAFTX 0.0813 Lowest Highest 0.0375 800/325-3590 2012-09-30 Share class A - Before taxes 437 2009-09-30 0.0253 569 -0.0729 0.0462 0.0331 1132 713 0.0035 0.1013 0.0741 0.0005 -0.1205 0.0033 2008-12-31 0.2014 0.0330 0.0382 The fund's total return for the nine months ended 0.00 0.1162 0.00 0.0483 Class A annualized 30-day yield at August 31, 2012: 0.0025 0.0428 0.0063 0.0490 0.0564 1986-10-28 0.0842 0.0100 <tt>The fund pays transaction costs, such as commissions, when it buys and sells securities <br />(or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher <br />transaction costs and may result in higher taxes when fund shares are held in a taxable <br />account. These costs, which are not reflected in annual fund operating expenses or in the <br />example, affect the fund's investment results. During the most recent fiscal year, the <br />fund's portfolio turnover rate was 14% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000009238Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.americanfunds.com/role/BarChartData_S000009238Member2 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 federal income tax, consistent with the preservation of<br />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 seeks to achieve its objective by investing primarily in municipal<br />bonds.<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 from<br />regular federal income tax. The fund will not invest in securities that subject<br />you to federal alternative minimum tax. The fund invests substantially in debt<br />securities rated A- or better or A3 or better by Nationally Recognized<br />Statistical Rating Organizations designated by the fund's investment adviser, <br />or unrated but determined by the fund's investment adviser to be of equivalent<br />quality. The fund may also invest in debt securities rated BBB+ or below and<br />Baa1 or below (including those rated BB+ or below and Ba1 or below) or unrated<br />but 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 type 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 <br />their respective segments will be invested.<br /> <br />The fund relies on the professional judgment of its investment adviser to <br />make decisions about the fund's portfolio investments. The basic investment<br />philosophy of the investment adviser is to seek to invest in attractively <br />priced 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> The 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 General & Insured 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: 0.14 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 sales charge were included, results would be lower.) (Results do not include a sales charge; if 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 duing this period were:<br /><br />Highest 7.86% (quarter ended September 30,2009)<br />Lowest -4.42% (quarter ended December 31, 2010)<br /><br />The fund's total return for the nine months ended September 30, 2012, was 7.83%.</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. 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 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 <br />in the fund. The Lipper General &amp; Insured 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<br />results. Updated information on the fund's investment results can be obtained <br />by visiting americanfunds.com. Investment results for Class R-6 shares are not<br />presented because the class had not commenced operations as of December 31,<br />2011. However, results for Class A shares are presented because Class A is the<br />class of shares with the longest period of operation. Other share classes,<br />including Class R-6 shares, have different expenses and therefore different<br />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_S000009238Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.americanfunds.com/role/PerformanceTableData_S000009238Member2 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 August 31, 2012: 2.15%&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />(For current yield information, please call American FundsLine&#xAE; <br />at 800/325-3590.)</tt> <div style="display:none">~ http://www.americanfunds.com/role/ShareholderFeesData_S000009238Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Barclays Municipal Bond Index (reflects no deductions for sales charges, account fees, expenses or taxes) 0.1070 0.0522 0.0538 1979-10-03 Lipper General & Insured Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or taxes) 0.1056 0.0375 0.0439 0.0666 1979-10-03 Share class A - After taxes on distributions and sale of fund shares 0.0536 0.0343 0.0425 1979-10-03 Share class A - After taxes on distributions 0.0610 0.0335 0.0427 1979-10-03 N/A 0.00 30 93 368 163 0.0004 0.0025 0.00 0.00 0.00 0.0029 0.00 0.0844 Lowest Highest 800/325-3590 2012-09-30 Share class A - Before taxes 2009-09-30 0.0215 -0.0442 0.0437 0.0208 0.0172 0.0786 0.0610 -0.0710 2010-12-31 0.1525 0.0335 0.0335 The fund's total return for the nine months ended 0.1023 0.0518 Class A annualized 30-day yield at August 31, 2012: 0.0428 0.0476 0.0680 1979-10-03 0.0783 <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_S000009238Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.americanfunds.com/role/BarChartData_S000009238Member1 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 federal income tax, consistent with the preservation of<br />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 seeks to achieve its objective by investing primarily in municipal<br />bonds.<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 from<br />regular federal income tax. The fund will not invest in securities that subject<br />you to federal alternative minimum tax. The fund invests substantially in debt<br />securities rated A- or better or A3 or better by Nationally Recognized Statistical <br />Rating Organizations designated by the fund's investment adviser, or unrated but <br />determined by the fund's investment adviser to be of equivalent quality. The <br />fund may also invest in debt securities rated BBB+ or below and Baa1 or below <br />(including those rated BB+ or below and Ba1 or below) or unrated but determined <br />by the fund's investment adviser to be of equivalent quality. Securities rated <br />BB+ or below and Ba1 or below are sometimes referred to as "junk bonds." Some <br />of the securities in which the fund invests may have credit and liquidity <br />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 type 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> The 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 $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 Lipper General & Insured 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: 0.14 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 7.86% (quarter ended September 30, 2009)<br />Lowest -4.42% (quarter ended December 31, 2010)<br /><br />The fund's total return for the nine months ended September 30, 2012, was 7.83%.</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 <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 fits<br />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 <br />from year to year, and the following table shows how the fund's average annual <br />total 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 General &amp; Insured 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 33 of the prospectus and on page 63 of the fund's statement of<br />additional information.</tt> <div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000009238Member1 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_S000009238Member1 column dei_LegalEntityAxis compact * column rr_PerformanceMeasureAxis compact * column rr_ProspectusShareClassAxis 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_S000009238Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>Class A annualized 30-day yield at August 31, 2012: 2.15%&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />(For current yield information, please call American FundsLine&#xAE; <br />at 800/325-3590.)</tt> <div style="display:none">~ http://www.americanfunds.com/role/ShareholderFeesData_S000009238Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Lipper General & Insured Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or taxes) 0.1056 0.0375 0.0439 0.0666 1979-10-03 Barclays Municipal Bond Index (reflects no deductions for sales charges, account fees, expenses or taxes) 0.1070 0.0522 0.0538 1979-10-03 Share class A - After taxes on distributions and sale of fund shares 0.0536 0.0343 0.0425 1979-10-03 Share class A - After taxes on distributions 0.0610 0.0335 0.0427 1979-10-03 TEAFX 0.0000 Share class F-2 (before taxes) 41 128 505 224 0.1039 0.0015 0.0025 0.00 0.00 0.0000 0.0040 0.0577 2008-08-01 0.0000 AFTFX 0.0000 Share class F-1 (before taxes) 67 211 822 368 0.1010 0.0016 0.0025 0.0405 0.00 0.00 0.0025 0.0457 0.0066 0.0452 2001-03-15 0.0000 TEBCX 0.0000 Share class C (before taxes) 236 136 425 1613 734 0.0835 0.0009 0.0025 1613 0.0332 425 734 0.00 0.00 0.0100 0.0382 0.0134 0.0384 2001-03-15 0.0100 TEBFX 0.0000 Share class B (before taxes) 631 131 809 1352 908 0.0441 0.0004 0.0025 1352 0.0302 409 708 0.00 0.00 0.0100 0.0406 0.0129 0.0463 2000-03-15 0.0500 AFTEX 0.0844 Lowest Highest 0.0375 800/325-3590 2012-09-30 Share class A - Before taxes 429 2009-09-30 0.0215 545 -0.0442 0.0437 0.0208 1038 671 0.0172 0.0786 0.0610 0.0005 -0.0710 0.0025 2010-12-31 0.1525 0.0335 0.0335 The fund's total return for the nine months ended 0.00 0.1023 0.00 0.0518 Class A annualized 30-day yield at August 31, 2012: 0.0025 0.0428 0.0055 0.0476 0.0680 1979-10-03 0.0783 0.0100 0000050142 ck0000050142:SummaryS000009238-1Memberck0000050142:S000009238Memberck0000050142:C000025165Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009238-1Memberck0000050142:S000009238Memberck0000050142:C000025166Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009238-1Memberck0000050142:S000009238Memberck0000050142:C000025167Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009238-1Memberck0000050142:S000009238Memberck0000050142:C000025168Member 2012-11-01 2012-11-01 0000050142 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ck0000050142:SummaryS000009238-2Memberck0000050142:S000009238Memberck0000050142:C000114839Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009238-2Memberck0000050142:S000009238Memberrr:AfterTaxesOnDistributionsMemberck0000050142:C000025165Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009238-2Memberck0000050142:S000009238Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0000050142:C000025165Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009238-2Memberck0000050142:S000009238Memberck0000050142:RRINDEX00002Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009238-2Memberck0000050142:S000009238Memberck0000050142:RRINDEX00003Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009238-2Memberck0000050142:S000009238Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009239Memberck0000050142:S000009239Memberck0000050142:C000025170Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009239Memberck0000050142:S000009239Memberck0000050142:C000025171Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009239Memberck0000050142:S000009239Memberck0000050142:C000025172Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009239Memberck0000050142:S000009239Memberck0000050142:C000025173Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009239Memberck0000050142:S000009239Memberck0000050142:C000068592Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009239Memberck0000050142:S000009239Memberrr:AfterTaxesOnDistributionsMemberck0000050142:C000025170Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009239Memberck0000050142:S000009239Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0000050142:C000025170Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009239Memberck0000050142:S000009239Memberck0000050142:RRINDEX00003Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009239Memberck0000050142:S000009239Memberck0000050142:RRINDEX00004Member 2012-11-01 2012-11-01 0000050142 ck0000050142:SummaryS000009239Memberck0000050142:S000009239Member 2012-11-01 2012-11-01 0000050142 2012-11-01 2012-11-01 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. 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