An explanation of how each American Fund is affected by the fee waiver and/or expense reimbursements is shown below. See the effect of the waiver and reimbursements on results for Class R-1, R-2, R-2E, R-3, R-4, R-5 and R-6 shares.
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Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional or downloaded and should be read carefully before investing.