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ck0000794389:index_Bloomberg_Municipal_Bond_Index_reflects_no_deductions_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember 2008-08-22 2025-12-31 0000794389 ck0000794389:index_Bloomberg_California_Municipal_Index_reflects_no_deductions_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember 2025-01-01 2025-12-31 0000794389 ck0000794389:index_Bloomberg_California_Municipal_Index_reflects_no_deductions_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember 2021-01-01 2025-12-31 0000794389 ck0000794389:index_Bloomberg_California_Municipal_Index_reflects_no_deductions_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember 2016-01-01 2025-12-31 0000794389 ck0000794389:index_Bloomberg_California_Municipal_Index_reflects_no_deductions_for_sales_charges_account_fees_expenses_or_US_federal_income_taxesMember 2008-08-22 2025-12-31 0000794389 ck0000794389:C000025172Member 2026-09-30 2026-09-30 0000794389 ck0000794389:C000025173Member 2026-09-30 2026-09-30 0000794389 ck0000794389:C000068592Member 2026-09-30 2026-09-30 0000794389 ck0000794389:C000025170Member 2026-09-30 2026-09-30 0000794389 ck0000794389:C000180000Member 2026-09-30 2026-09-30 pure iso4217:USD N-1A 2026-10-01 The Tax-Exempt Fund of California The fund’s primary investment objective is to provide you with a high level of current income exempt from regular federal and California state income taxes. Investment objectives Its secondary objective is preservation of capital. This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. For example, in addition to the fees and expenses described below, you may also be required to pay brokerage commissions on purchases and sales of Class F-2 or F-3 shares of the 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 and Capital Group KKR Public-Private+ Funds (collectively “Capital Group Funds”). More information about these and other discounts is available from your financial professional, in the “Sales charge reductions and waivers” sections on page 49 of the prospectus and on page 91 of the fund’s statement of additional information, and in the sales charge waiver appendix to the prospectus. Fees and expenses of the 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 and Capital Group KKR Public-Private+ Funds (collectively “Capital Group Funds”). 100000 <table cellpadding="0" style="border-collapse: collapse; width: 100%; clear: both; font: 10pt Arial, Helvetica, Sans-Serif; border-spacing: 0px;"> <tr style="font-size: 10pt"> <td style="width: 64%"> </td> <td style="width: 12%"> </td> <td style="width: 12%"> </td> <td style="width: 12%"> </td></tr> <tr style="vertical-align: bottom; background-color: #F3F3F3"> <td colspan="4" style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; text-align: left; padding-left: 2.15pt">Shareholder fees (fees paid directly from your investment)</td></tr> <tr style="vertical-align: bottom; background-color: #F3F3F3"> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; text-align: right; padding-left: 2.15pt">Share class:</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; text-align: center">A</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; text-align: center">C</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; text-align: center">All F share classes</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2pt">Maximum sales charge (load) imposed on purchases (as a percentage of offering price)</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: center">3.75%</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F2F2F2; text-align: center">none</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: center">none</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2pt">Maximum deferred sales charge (load) (as a percentage of the amount redeemed)</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: center">0.751</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F2F2F2; text-align: center">1.00%</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: center">none</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2pt">Maximum sales charge (load) imposed on reinvested dividends</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: center">none</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F2F2F2; text-align: center">none</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: center">none</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2pt">Redemption or exchange fees</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: center">none</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F2F2F2; text-align: center">none</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: center">none</td></tr> </table> Shareholder fees (fees paid directly from your investment) 0.0375 0 0 0 0 0.0075 0.01 0 0 0 0 0 0 0 0 0 0 0 0 0 <table cellpadding="2" style="border-collapse: collapse; width: 100%; clear: both; font: 10pt Arial, Helvetica, Sans-Serif; border-spacing: 0px;"> <tr style="font-size: 10pt"> <td style="width: 50%"> </td> <td style="width: 10%"> </td> <td style="width: 10%"> </td> <td style="width: 10%"> </td> <td style="width: 10%"> </td> <td style="width: 10%"> </td></tr> <tr style="vertical-align: middle; background-color: #F3F3F3"> <td colspan="6" style="border-bottom: #FFFFFF 0.5pt solid; font-size: 10pt; text-align: left">Annual fund operating expenses (expenses that you pay each year as a percentage of the net asset value of your investment)</td></tr> <tr style="vertical-align: middle; background-color: #F3F3F3"> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; text-align: right; padding-left: 2.15pt">Share class:</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; text-align: center">A</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; text-align: center">C</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; text-align: center">F-1</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; text-align: center">F-2</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; text-align: center">F-3</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left">Management fees2</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">0.25%</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">0.25%</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">0.25%</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F2F2F2; text-align: right">0.25%</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">0.25%</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left">Distribution and/or service (12b-1) fees</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">0.25</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">1.00</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">0.25</td> <td style="border-top: #FFFFFF 0.5pt solid; vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; background-color: #F2F2F2; text-align: right">none</td> <td style="border-top: #FFFFFF 0.5pt solid; vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">none</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left">Other expenses</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">0.07</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">0.07</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">0.16</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F2F2F2; text-align: right">0.15</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">0.05</td></tr> <tr> <td style="vertical-align: middle; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left">Total annual fund operating expenses</td> <td style="vertical-align: bottom; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">0.57</td> <td style="vertical-align: bottom; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">1.32</td> <td style="vertical-align: bottom; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">0.66</td> <td style="vertical-align: bottom; border-top: #FFFFFF 0.5pt solid; background-color: #F2F2F2; text-align: right">0.40</td> <td style="vertical-align: bottom; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">0.30</td></tr> </table> 1 A contingent deferred sales charge of 0.75% applies on certain redemptions made within 18 months following purchases of $250,000 or more made without an initial sales charge. Contingent deferred sales charge is calculated based on the lesser of the offering price and market value of shares being sold. 2 Restated to reflect current fees. Annual fund operating expenses (expenses that you pay each year as a percentage of the net asset value of your investment) 0.0025 0.0025 0.0025 0.0025 0.0025 0.0025 0.01 0.0025 0 0 0.0007 0.0007 0.0016 0.0015 0.0005 0.0057 0.0132 0.0066 0.004 0.003 A contingent deferred sales charge of 0.75% applies on certain redemptions made within 18 months following purchases of $250,000 or more made without an initial sales charge. Contingent deferred sales charge is calculated based on the lesser of the offering price and market value of shares being sold. Restated to reflect current fees. This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same. The example reflects the fee waiver and/or expense reimbursement described above (if any) through the expiration of such waiver and/or reimbursement and total annual fund operating expenses thereafter. You may be required to pay brokerage commissions on your purchases and sales of Class F-2 or F-3 shares of the fund, which are not reflected in the example. Example Although your actual costs may be higher or lower, based on these assumptions your costs would be: <table cellpadding="2" style="border-collapse: collapse; width: 100%; clear: both; font: 10pt Arial, Helvetica, Sans-Serif; border-spacing: 0px;"> <tr style="font-size: 10pt"> <td style="width: 13%"> </td> <td style="width: 7%"> </td> <td style="width: 7%"> </td> <td style="width: 7%"> </td> <td style="width: 7%"> </td> <td style="width: 7%"> </td> <td style="width: 29%"> </td> <td style="width: 16%"> </td> <td style="width: 7%"> </td></tr> <tr style="background-color: #F3F3F3"> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; font-size: 10pt; text-align: left; padding-left: 2.15pt">Share class:</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">A</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">C</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">F-1</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">F-2</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">F-3</td> <td rowspan="5" style="vertical-align: top; text-align: left; padding-left: 2.15pt">For the share class listed to the right, you would pay the following if you did not redeem your shares:</td> <td style="vertical-align: middle; text-align: left; padding-left: 2.15pt">Share class:</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">C</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2.15pt">1 year</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right; padding-left: 2.15pt">$431</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">$234</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">$67</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">$41</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">$31</td> <td style="vertical-align: middle; background-color: #F2F2F2; text-align: left; padding-left: 2.15pt">1 year</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right; padding-left: 2.15pt">$134</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2.15pt">3 years</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right; padding-left: 2.15pt">551</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">418</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">211</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">128</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">97</td> <td style="vertical-align: middle; background-color: #F2F2F2; text-align: left; padding-left: 2.15pt">3 years</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right; padding-left: 2.15pt">418</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2.15pt">5 years</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right; padding-left: 2.15pt">681</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">723</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">368</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">224</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">169</td> <td style="vertical-align: middle; background-color: #F2F2F2; text-align: left; padding-left: 2.15pt">5 years</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right; padding-left: 2.15pt">723</td></tr> <tr> <td style="vertical-align: middle; border-top: #FFFFFF 1pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2.15pt">10 years</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right; padding-left: 2.15pt">1,062</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">1,384</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">822</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">505</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">381</td> <td style="vertical-align: middle; background-color: #F2F2F2; text-align: left; padding-left: 2.15pt">10 years</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right; padding-left: 2.15pt">1,384</td></tr> </table> <table cellpadding="2" style="border-collapse: collapse; width: 100%; clear: both; font: 10pt Arial, Helvetica, Sans-Serif; border-spacing: 0px;"> <tr style="font-size: 10pt"> <td style="width: 13%"> </td> <td style="width: 7%"> </td> <td style="width: 7%"> </td> <td style="width: 7%"> </td> <td style="width: 7%"> </td> <td style="width: 7%"> </td> <td style="width: 29%"> </td> <td style="width: 16%"> </td> <td style="width: 7%"> </td></tr> <tr style="background-color: #F3F3F3"> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; font-size: 10pt; text-align: left; padding-left: 2.15pt">Share class:</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">A</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">C</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">F-1</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">F-2</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">F-3</td> <td rowspan="5" style="vertical-align: top; text-align: left; padding-left: 2.15pt">For the share class listed to the right, you would pay the following if you did not redeem your shares:</td> <td style="vertical-align: middle; text-align: left; padding-left: 2.15pt">Share class:</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; text-align: center">C</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2.15pt">1 year</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right; padding-left: 2.15pt">$431</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">$234</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">$67</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">$41</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">$31</td> <td style="vertical-align: middle; background-color: #F2F2F2; text-align: left; padding-left: 2.15pt">1 year</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right; padding-left: 2.15pt">$134</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2.15pt">3 years</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right; padding-left: 2.15pt">551</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">418</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">211</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">128</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">97</td> <td style="vertical-align: middle; background-color: #F2F2F2; text-align: left; padding-left: 2.15pt">3 years</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right; padding-left: 2.15pt">418</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2.15pt">5 years</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right; padding-left: 2.15pt">681</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">723</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">368</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">224</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">169</td> <td style="vertical-align: middle; background-color: #F2F2F2; text-align: left; padding-left: 2.15pt">5 years</td> <td style="vertical-align: bottom; border-bottom: #FFFFFF 1pt solid; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right; padding-left: 2.15pt">723</td></tr> <tr> <td style="vertical-align: middle; border-top: #FFFFFF 1pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2.15pt">10 years</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right; padding-left: 2.15pt">1,062</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">1,384</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">822</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right">505</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #D9D9D9; text-align: right">381</td> <td style="vertical-align: middle; background-color: #F2F2F2; text-align: left; padding-left: 2.15pt">10 years</td> <td style="vertical-align: bottom; border-top: #FFFFFF 1pt solid; background-color: #F2F2F2; text-align: right; padding-left: 2.15pt">1,384</td></tr> </table> For the share class listed to the right, you would pay the following if you did not redeem your shares: 431 234 67 41 31 134 551 418 211 128 97 418 681 723 368 224 169 723 1062 1384 822 505 381 1384 The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s investment results. During the most recent fiscal year, the fund’s portfolio turnover rate was 26% of the average value of its portfolio. Portfolio turnover 0.26 The fund seeks to achieve its objectives by primarily investing in municipal bonds issued by the state of California and its agencies and municipalities. Consistent with the fund’s objectives, the fund may also invest in municipal securities that are issued by jurisdictions outside California. Municipal bonds are debt obligations generally issued to obtain funds for various public purposes, including the construction of public facilities. The fund may also invest in bonds exempt from federal and state taxation that are used to fund private projects. Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from both regular federal and California income taxes and that do not subject you to federal alternative minimum tax. Investments in derivatives may be counted toward the fund’s 80% investment policy to the extent that such derivatives provide investment exposure to the investments included within the policy or to one or more market risk factors associated with such investments. The fund may also invest up to 20% of its assets in “private activity bonds” whose interest is generally subject to the federal alternative minimum tax. The fund is intended primarily for taxable residents of California. The fund will invest primarily in debt securities rated BBB- or better or Baa3 or better by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser, or unrated but determined by the fund’s investment adviser to be of equivalent quality. The fund may invest up to 10% of its assets in debt securities rated BB+ or below and Ba1 or below by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser, or unrated but determined by the fund’s investment adviser to be of equivalent quality. Such securities are sometimes referred to as “junk bonds.” The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers. The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities. Principal investment strategies Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from both regular federal and California income taxes and that do not subject you to federal alternative minimum tax. securities that are exempt from both regular federal and California income taxes and that do not subject you to federal alternative minimum tax. securities that are exempt from both regular federal and California income taxes and that do not subject you to federal alternative minimum tax. You may lose money by investing in the fund. Risks of investing in municipal bonds of issuers within the state of California — Because the fund invests primarily in securities of issuers within the state of California, the fund is more susceptible to factors adversely affecting issuers of California securities than a comparable municipal bond mutual fund that does not concentrate its investments in a single state. For example, in the past, California voters have passed amendments to the state’s constitution and other measures that limit the taxing and spending authority of California governmental entities, and future voter initiatives may adversely affect California municipal bonds. More detailed information about the risks of investing in California municipal securities is contained in the statement of additional information. Market conditions — The prices of, and the income generated by, the securities held by the fund may decline – sometimes rapidly or unpredictably – due to various factors, including events or conditions affecting the general economy or particular industries or companies; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; levels of public debt and deficits; changes in inflation rates; and currency exchange rate, interest rate and commodity price fluctuations. Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease), bank failures and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund’s investments may be negatively affected by developments in other countries and regions. Issuer risks — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer’s goods or services, poor management performance, major litigation, investigations or other controversies related to the issuer, changes in the issuer’s financial condition or credit rating, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives. An individual security may also be affected by factors relating to the industry or sector of the issuer or the securities markets as a whole, and conversely an industry or sector or the securities markets may be affected by a change in financial condition or other event affecting a single issuer. Investing in municipal securities — Municipal securities are debt obligations that are exempt from federal, state and/or local income taxes. The yield and/or value of the fund’s investments in municipal securities may be adversely affected by events tied to the municipal securities markets, which can be very volatile and significantly impacted by unfavorable legislative or political developments and negative changes in the financial conditions of municipal securities issuers and the economy. To the extent the fund invests in obligations of a municipal issuer, the volatility, credit quality and performance of the fund may be adversely impacted by local political and economic conditions of the issuer. For example, a credit rating downgrade, bond default or bankruptcy involving an issuer within a particular state or territory could affect the market values and marketability of many or all municipal obligations of that state or territory. Income from municipal securities held by the fund could also be declared taxable because of changes in tax laws or interpretations by taxing authorities or as a result of noncompliant conduct of a municipal issuer. Additionally, the relative amount of publicly available information about municipal securities is generally less than that for corporate securities. Investing in debt instruments — The prices of, and the income generated by, bonds and other debt securities held by the fund may be affected by factors such as the interest rates, maturities and credit quality of these securities. Rising interest rates will generally cause the prices of bonds and other debt securities to fall. Also, when interest rates rise, issuers of debt securities that may be prepaid at any time, such as mortgage- or other asset-backed securities, are less likely to refinance existing debt securities, causing the average life of such securities to extend. A general change in interest rates may cause investors to sell debt securities on a large scale, which could also adversely affect the price and liquidity of debt securities and could also result in increased redemptions from the fund. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in the fund having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities. Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer or guarantor will weaken or be perceived to be weaker, and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Changes in actual or perceived creditworthiness may occur quickly. A downgrade or default affecting any of the fund’s securities could cause the value of the fund’s shares to decrease. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which the fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund’s investment adviser relies on its own credit analysts to research issuers and issues in assessing credit and default risks. Liquidity risk — Certain fund holdings may be or may become difficult or impossible to sell, particularly during times of market turmoil. Liquidity may be impacted by the lack of an active market for a holding, legal or contractual restrictions on resale, or the reduced number and capacity of market participants to make a market in such holding. Market prices for less liquid or illiquid holdings may be volatile or difficult to determine, and reduced liquidity may have an adverse impact on the market price of such holdings. Additionally, the sale of less liquid or illiquid holdings may involve substantial delays (including delays in settlement) and additional costs and the fund may be unable to sell such holdings when necessary to meet its liquidity needs or to try to limit losses, or may be forced to sell at a loss. Credit and liquidity support — Changes in the credit quality of banks and financial institutions providing credit and liquidity support features with respect to securities held by the fund could cause the values of these securities to decline. Investing in lower rated debt instruments — Lower rated debt securities or instruments, rated Ba1/BB+ or below by Nationally Recognized Statistical Rating Organizations (also known as "junk bonds"), generally have higher rates of interest and involve greater risk of default or price declines due to changes in the issuer’s creditworthiness than those of higher quality debt securities. The market prices of these securities may fluctuate more than the prices of higher quality debt securities and may decline significantly in periods of general economic difficulty. Investing in similar municipal bonds — Investing significantly in municipal obligations of multiple issuers in the same state or backed by revenues of similar types of projects or industries may make the fund more susceptible to certain economic, political or regulatory occurrences. As a result, the fund has greater risk of volatility, and greater risk of loss, from these investments. Insured municipal bonds – The fund may invest in municipal bonds that are insured generally as to the timely payment of interest and repayment of principal. Insurance that covers a municipal bond does not guarantee the market value of the bond or the prices of the fund’s shares. Market conditions or changes to ratings criteria could adversely impact the ratings of municipal bond insurers. If the credit rating of the insurer were downgraded or withdrawn by rating agencies, this could have an adverse effect upon the credit rating of the insured bond and, therefore, its market value, despite the quality of the underlying issuer. Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives. 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. 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 a broad measure of securities market results and, if applicable, other measures of market results that reflect the fund’s investment universe. This information provides some indication of the risks of investing in the fund. Past investment results (before and after taxes) are not predictive of future investment results. Updated information on the fund’s investment results can be obtained by visiting capitalgroup.com. 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 a broad measure of securities market results and, if applicable, other measures of market results that reflect the fund’s investment universe. Past investment results (before and after taxes) are not predictive of future investment results. capitalgroup.com <img alt="" src="image_007.jpg" style="-sec-ix-hidden: hidden-fact-1"/> <table cellpadding="2" style="border-collapse: collapse; width: 100%; clear: both; font: 10pt Arial, Helvetica, Sans-Serif; border-spacing: 0px;"> <tr style="font-size: 10pt"> <td style="width: 31%"> </td> <td style="width: 16%"> </td> <td style="width: 13%"> </td> <td style="width: 13%"> </td> <td style="width: 13%"> </td> <td style="width: 14%"> </td></tr> <tr style="vertical-align: middle; background-color: #F3F3F3"> <td colspan="6" style="font-size: 10pt; text-align: left; padding-left: 2.15pt">Average annual total returns For the periods ended December 31, 2025:</td></tr> <tr style="vertical-align: middle; background-color: #F3F3F3"> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: left; padding-left: 2pt">Share class</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">Inception date</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">1 year</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">5 years</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">10 years</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">Lifetime</td></tr> <tr> <td style="vertical-align: middle; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2pt">F-2 − Before taxes</td> <td style="vertical-align: top; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: center">8/22/2008</td> <td style="vertical-align: bottom; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">3.88%</td> <td style="vertical-align: bottom; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">1.10%</td> <td style="vertical-align: bottom; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">2.42%</td> <td style="vertical-align: bottom; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">3.83%</td></tr> <tr> <td colspan="2" style="vertical-align: middle; background-color: #F3F3F3; text-align: left; padding-left: 5.75pt; text-indent: 6.5pt">− After taxes on distributions</td> <td style="vertical-align: bottom; background-color: #D9D9D9; text-align: right">3.88</td> <td style="vertical-align: bottom; background-color: #F3F3F3; text-align: right">1.08</td> <td style="vertical-align: bottom; background-color: #D9D9D9; text-align: right">2.38</td> <td style="vertical-align: bottom; background-color: #F3F3F3; text-align: right">N/A</td></tr> <tr> <td colspan="2" style="vertical-align: middle; background-color: #F3F3F3; text-align: left; padding-left: 5.75pt; text-indent: 6.5pt">− After taxes on distributions and sale of fund shares</td> <td style="vertical-align: bottom; background-color: #D9D9D9; text-align: right">3.61</td> <td style="vertical-align: bottom; background-color: #F3F3F3; text-align: right">1.46</td> <td style="vertical-align: bottom; background-color: #D9D9D9; text-align: right">2.51</td> <td style="vertical-align: bottom; background-color: #F3F3F3; text-align: right">N/A</td></tr> </table> <table cellpadding="2" style="border-collapse: collapse; width: 100%; clear: both; font: 10pt Arial, Helvetica, Sans-Serif; border-spacing: 0px;"> <tr style="font-size: 10pt"> <td style="width: 33%"> </td> <td style="width: 15%"> </td> <td style="width: 13%"> </td> <td style="width: 13%"> </td> <td style="width: 13%"> </td> <td style="width: 13%"> </td></tr> <tr style="vertical-align: middle; background-color: #F3F3F3"> <td style="border-bottom: #FFFFFF 0.5pt solid; font-size: 10pt; text-align: left; padding-left: 2pt">Share classes (before taxes)</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">Inception date</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">1 year</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">5 years</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">10 years</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">Lifetime</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2pt">A (with maximum sales charge)</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: center">10/28/1986</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">–0.19%</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">0.15%</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">1.86%</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">4.73%</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2pt">C</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: center">3/19/2001</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">1.93</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">0.15</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">1.63</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">3.45</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2pt">F-1</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: center">3/20/2001</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">3.60</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">0.82</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">2.14</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">3.61</td></tr> <tr> <td style="vertical-align: middle; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2pt">F-3</td> <td style="vertical-align: middle; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: center">1/27/2017</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">3.98</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">1.19</td> <td style="border-top: #FFFFFF 0.5pt solid; vertical-align: bottom; border-bottom: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">N/A</td> <td style="vertical-align: top; border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">2.78</td></tr> </table> <table cellpadding="2" style="border-collapse: collapse; width: 100%; clear: both; font: 10pt Arial, Helvetica, Sans-Serif; border-spacing: 0px;"> <tr style="font-size: 10pt"> <td style="width: 48%"> </td> <td style="width: 13%"> </td> <td style="width: 13%"> </td> <td style="width: 13%"> </td> <td style="width: 13%"> </td></tr> <tr style="vertical-align: bottom; background-color: #F3F3F3"> <td style="border-bottom: #FFFFFF 0.5pt solid; font-size: 10pt; text-align: left; padding-left: 2pt">Indexes*</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">1 year</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">5 years</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">10 years</td> <td style="border-bottom: #FFFFFF 0.5pt solid; text-align: center">Lifetime (from Class F-2 inception)</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2.4pt">Bloomberg Municipal Bond Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">4.25%</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">0.80%</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">2.34%</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">3.50%</td></tr> <tr style="vertical-align: middle"> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: left; padding-left: 2.4pt">Bloomberg California Municipal Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">4.11</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">0.76</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #D9D9D9; text-align: right">2.29</td> <td style="border-bottom: #FFFFFF 0.5pt solid; border-top: #FFFFFF 0.5pt solid; background-color: #F3F3F3; text-align: right">3.72</td></tr> <tr style="vertical-align: middle; background-color: #F3F3F3"> <td colspan="5" style="border-top: #FFFFFF 0.5pt solid; text-align: left; padding-left: 2pt">Class F-2 annualized 30-day yield at July 31, 2026: 3.48% (For current yield information, please call American Funds Service Company at (800) 421-4225 or visit capitalgroup.com.)</td></tr> </table> Average annual total returns For the periods ended December 31, 2025: 2008-08-22 0.0388 0.011 0.0242 0.0383 0.0388 0.0108 0.0238 0.0361 0.0146 0.0251 1986-10-28 -0.0019 0.0015 0.0186 0.0473 2001-03-19 0.0193 0.0015 0.0163 0.0345 2001-03-20 0.036 0.0082 0.0214 0.0361 2017-01-27 0.0398 0.0119 0.0278 0.0425 0.008 0.0234 0.035 0.0411 0.0076 0.0229 0.0372 Class F-2 annualized 30-day yield at July 31, 2026 0.0348 (800) 421-4225 After-tax returns are shown only for Class F-2 shares; after-tax returns for other share classes will vary. 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. Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above. After-tax returns are shown only for Class F-2 shares; after-tax returns for other share classes will vary. 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. AMERICAN FUNDS TAX EXEMPT SERIES II / CA -0.0001 0.0606 0.0083 0.0748 0.0461 0.0222 -0.0908 0.0646 0.0275 0.0388 Calendar year total returns for Class F-2 shares (Class F-2 shares are not subject to sales charges.) 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 a broad measure of securities market results and, if applicable, other measures of market results that reflect the fund’s investment universe. Highest 2023-12-31 Lowest 2022-03-31 The fund's total return for the six months ended 2026-06-30 Highest/Lowest quarterly results during this period were:   Highest 7.68% (quarter ended December 31, 2023)   Lowest -5.82% (quarter ended March 31, 2022)   The fund's total return for the six months ended June 30, 2026, was 2.40%. (Class F-2 shares are not subject to sales charges.) 0.0768 -0.0582 0.0240 485BPOS 0000794389 false 2026-09-30 A contingent deferred sales charge of 0.75% applies on certain redemptions made within 18 months following purchases of $250,000 or more made without an initial sales charge. Contingent deferred sales charge is calculated based on the lesser of the offering price and market value of shares being sold. Restated to reflect current fees.