American Funds plans to merge two money market funds, Cash Management Trust of America and U.S. Treasury Money Fund of America, into a new money fund, American Funds Money Market Fund, according to a recent SEC filing. If approved by shareholders, the reorganization is expected to be completed in the summer.

The Los Angeles-based fund firm also plans to convert the Tax-Exempt Money Fund of America from a money market fund to a short-term tax-exempt bond fund. If greenlighted by shareholders, the change is expected to be completed in the summer, too. 

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