American High-Income Municipal Bond Fund - Class F-3

The American High-Income Municipal Bond Fund - Class F-3 is an open-end mutual fund focused on providing a high level of current income that is exempt from regular federal income tax. The fund primarily invests in a diversified portfolio of U.S. municipal bonds, with at least 80% of its assets dedicated to securities that offer these tax advantages. Notably, a minimum of half the portfolio consists of debt securities rated BBB+ or below, targeting the high yield municipal bond sector, which often provides higher income potential but comes with higher credit risk. This fund is distinguished by its commitment to high-yield, tax-advantaged income, making it relevant for investors seeking to enhance after-tax returns. With a large asset base, substantial diversification (over 1,300 holdings), and a long track record, it stands out within its category. Regular monthly dividends further support its income orientation, and its effective duration and yield metrics are actively managed to adapt to changes in interest rates and credit environments. The fund is managed by Capital Group, offering experienced oversight and a research-driven approach.