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LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA | LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA
Limited Term Tax-Exempt Bond Fund of America®
American Funds Short-Term Tax-Exempt Bond Fund®
Limited Term Tax-Exempt Bond Fund of America®
American High-Income Municipal Bond Fund®
The Tax-Exempt Fund of California®
American Funds Tax-Exempt Fund of New York®

 

Prospectus Supplement

 

May 1, 2022

(for prospectus dated October 1, 2021, as supplemented to date)

 

1. The “Annual fund operating expenses” and “Example” tables in the “Fees and expenses of the fund” summary section of the prospectus for each of the funds listed above, except American Funds Short-Term Tax-Exempt Bond Fund, are amended to read as follows. Except as indicated below, footnotes in the prospectus remain unchanged.

Limited Term Tax-Exempt Bond Fund of America

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA - LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA
Class A
Class C
Class T
Class F-1
Class F-2
Class F-3
Management fees [1] 0.18% 0.18% 0.18% 0.18% 0.18% 0.18%
Distribution and/or service (12b-1) fees 0.30% 1.00% 0.25% 0.25% none none
Other expenses 0.08% 0.08% 0.08% 0.16% 0.14% 0.04%
Total annual fund operating expenses 0.56% 1.26% 0.51% 0.59% 0.32% 0.22%
[1] Restated to reflect current fees.
Expense Example - LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA - LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA - USD ($)
Class A
Class C
Class T
Class F-1
Class F-2
Class F-3
1 year $ 306 $ 228 $ 301 $ 60 $ 33 $ 23
3 years 425 400 409 189 103 71
5 years 555 692 528 329 180 124
10 years $ 934 $ 1,329 $ 874 $ 738 $ 406 $ 280
For the share class listed to the right, you would pay the following if you did not redeem your shares:
Expense Example No Redemption
LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA
LIMITED TERM TAX EXEMPT BOND FUND OF AMERICA
Class C
USD ($)
1 year $ 128
3 years 400
5 years 692
10 years $ 1,329

Keep this supplement with your prospectus.