The investment seeks to provide current income that is exempt from regular federal income tax, consistent with the maturity and quality standards described in the prospectus, and to preserve capital. The fund invests primarily in municipal bonds. It invests at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax and that do not subject to federal alternative minimum tax. It invests primarily in municipal bonds rated A- or better. The dollar-weighted average maturity of the fund's portfolio is between three and 10 years.
Fund filings (PDF) »
Neil Langberg (Started: Oct 6, 1993)
Brenda Ellerin (Started: Jan 1, 1996)
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American Funds, 4 Embarcadero Center P.O. Box 7650, San Francisco, CA 94120, USA