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American Funds Tax-Exempt MD A (TMMDX)

15.92 0.00(0.00%) Apr 17
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Profile as of Mar 30, 2014Get Profile for:
American Funds Tax-Exempt MD A
American Funds Tax Exempt Series I1101 Vermont Ave Nw Ste 600Washington, DC 20005
Phone: 800-421-4225
Fund Overview 
Category:Muni Single State Interm
Fund Family:American Funds
Net Assets:316.14M
Year-to-Date Return:2.77%
Morningstar Rating:3 stars
Fund Inception Date:Aug 14, 1986
Morningstar Style Box 
Muni Single State Interm
[View Category Definition]
View Top Muni Single State Interm Funds
About the Morningstar Style Box
Management Information 
Brenda S. Ellerin
Lead Manager since Jan 1, 1993
Ellerin is a vice president and portfolio manager with Capital Research Company, her employer since 1991.
Investment Information 
Min Initial Investment:1,000
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:N/A
Min Subsequent Investment:50
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
TMMDX can be purchased from 71 brokerages.

Fund Summary 
The investment seeks a high level of current income exempt from regular federal and Maryland state income taxes; preservation of capital is the secondary objective. 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 Maryland income taxes and that do not subject the investment to federal alternative minimum tax. It will invest primarily in investment-grade debt securities rated BBB- or better. The fund may also invest up to 20% of its assets in securities that may subject the investment to federal alternative minimum tax.

Fund Operations 
Last Dividend (Mar 30, 2014) : 0.04
Last Cap Gain : 0.00
Annual Holdings Turnover (Apr 15, 2014) : 13.00%
Average for Category:14.05%
Fees & Expenses 
ExpenseTMMDXCategory Avg
Annual Report Expense Ratio (net):0.67%0.92%
Prospectus Net Expense Ratio:0.67%N/A
Prospectus Gross Expense Ratio:0.67%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:3.75%3.52%
Max Deferred Sales Load: N/A1.84%
3 Yr Expense Projection*:581449
5 Yr Expense Projection*:734680
10 Yr Expense Projection*:1,1781,332
* Per $10,000 invested