Effect of fee waivers and/or expense reimbursements on Class R-3 share returns

The table below shows R-3 share returns with and without fee waivers and/or expense reimbursements. Funds and share class shown reflect a more than 10 basis point expense waiver and/or reimbursement on an annualized basis. To get each fund’s expense ratio, and its yield and returns for other periods not shown that reflect the fee waiver and/or expense reimbursements, visit the fund details page for each fund listed below. You may also read details about how waivers and reimbursements affect the results for each fund.

Figures shown are past results and are not predictive of results in future periods. Funds and share classes shown reflect a more than 10 basis point expense waiver and/or reimbursement on an annualized basis. Current and future results may be lower or higher than those shown. Fund results shown are at net asset value with all distributions reinvested. If a sales charge had been deducted, the results would have been lower. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

You could lose money by investing in the American Funds U.S. Government Money Market Fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An 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 fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will do so at any time.

Class R-3 share fund lifetime average annual total returns as of October 31, 2019

Average Annual Total Returns Since Shares First Sold†,‡
Growth Funds With waivers and/or reimbursements* Without waivers and/or reimbursements
AMCAP Fund® 8.19%
American Funds Global Insight Fund℠ 8.12%
EuroPacific Growth Fund® 6.89%
The Growth Fund of America® 8.65%
The New Economy Fund® 9.78%
New Perspective Fund® 8.78%
New World Fund® 8.96%
SMALLCAP World Fund® 9.30%
Average Annual Total Returns Since Shares First Sold†,‡
Growth-and-Income Funds With waivers and/or reimbursements* Without waivers and/or reimbursements
American Funds Developing World Growth and Income Fund℠ 2.62%
American Mutual Fund® 7.51%
Capital World Growth and Income Fund® 8.24%
Fundamental Investors® 8.78%
International Growth and Income Fund℠ 6.28%
The Investment Company of America® 7.27%
Washington Mutual Investors Fund℠ 7.54%
Average Annual Total Returns Since Shares First Sold†,‡
Equity-Income Funds With waivers and/or reimbursements* Without waivers and/or reimbursements
Capital Income Builder® 6.22%
The Income Fund of America® 6.89%
Average Annual Total Returns Since Shares First Sold†,‡
Balanced Funds With waivers and/or reimbursements* Without waivers and/or reimbursements
American Balanced Fund® 7.05%
American Funds Global Balanced Fund℠ 5.59%
Average Annual Total Returns Since Shares First Sold†,‡
Bond Funds With waivers and/or reimbursements* Without waivers and/or reimbursements
American Funds Corporate Bond Fund® 3.49%
American Funds Emerging Markets Bond Fund® 4.79%
American Funds Inflation Linked Bond Fund® 1.48%
American Funds Mortgage Fund® 2.00%
American Funds Strategic Bond Fund℠ 3.27%
American High-Income Trust® 6.66%
The Bond Fund of America® 3.67%
Capital World Bond Fund® 4.63%
Intermediate Bond Fund of America® 2.17%
Short-Term Bond Fund of America® 1.15%
U.S. Government Securities Fund® 3.07%
Average Annual Total Returns Since Shares First Sold†,‡
Cash-Equivalent With waivers and/or reimbursements* Without waivers and/or reimbursements
American Funds U.S. Government Money Market Fund℠ 0.19%
Average Annual Total Returns Since Shares First Sold†,‡
American Funds Portfolio Series℠ With waivers and/or reimbursements* Without waivers and/or reimbursements
American Funds Global Growth Portfolio℠ 10.71%
American Funds Growth Portfolio℠ 11.88%
American Funds Growth and Income Portfolio℠ 9.43%
American Funds Moderate Growth and Income Portfolio℠ 8.61%
American Funds Conservative Growth and Income Portfolio℠ 6.80%
American Funds Preservation Portfolio℠ 0.98%
Average Annual Total Returns Since Shares First Sold†,‡
American Funds Retirement Income Portfolio Series℠ With waivers and/or reimbursements* Without waivers and/or reimbursements
American Funds Retirement Income Portfolio - Enhanced℠ 7.09%
American Funds Retirement Income Portfolio - Moderate℠ 6.30%
American Funds Retirement Income Portfolio - Conservative℠ 5.21%
Average Annual Total Returns Since Shares First Sold†,‡
American Funds Target Date Retirement Series® With waivers and/or reimbursements* Without waivers and/or reimbursements
American Funds 2060 Target Date Retirement Fund® 7.70%
American Funds 2055 Target Date Retirement Fund® 9.81%
American Funds 2050 Target Date Retirement Fund® 6.46%
American Funds 2045 Target Date Retirement Fund® 6.43%
American Funds 2040 Target Date Retirement Fund® 6.38%
American Funds 2035 Target Date Retirement Fund® 6.25%
American Funds 2030 Target Date Retirement Fund® 5.99%
American Funds 2025 Target Date Retirement Fund® 5.44%
American Funds 2020 Target Date Retirement Fund® 4.85%
American Funds 2015 Target Date Retirement Fund® 4.58%
American Funds 2010 Target Date Retirement Fund® 4.30%

*Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.

For the funds listed below, the investment adviser is currently reimbursing a portion of the fund’s fees or expenses, without which the results would have been lower.

- American Funds Emerging Markets Bond Fund and American Funds Strategic Bond Fund (through at least July 1, 2020)

- American Funds Corporate Bond Fund (through at least August 1, 2020)

- American Funds Global Insight Fund (through at least November 1, 2020)

The investment adviser may elect at its discretion to extend, modify or terminate the reimbursements at that time. Please see each fund’s most recent prospectus for details.

Class R shares are sold without a sales charge. Class R-3 shares were first offered on May 15, 2002. Class R-3 share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for typical estimated additional expenses. Results for certain funds with an inception date after May 15, 2002, also include hypothetical returns because those funds’ Class R-3 shares sold after the funds’ date of first offering. For American Funds Global Insight Fund and American Funds International Vantage Fund, Class R-3 shares were first offered on November 8, 2019. Class R-3 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund, adjusted for typical estimated expenses. View dates of first sale and specific expense adjustment information for Class R-3 shares.

Although the American Funds U.S. Government Money Market Fund Class R-2, R-3 and R-4 shares have 12b-1 plans for some share classes, it is currently suspending certain 12b-1 payments in this low interest rate environment. Should payments commence, the fund’s investment results will be lower.

These returns will be available 6 – 8 business days after month-end.

‡Lifetime returns for less than one year are not annualized, but calculated as cumulative total returns.

For more information about the risks, fees and expenses associated with each fund, read the prospectus.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider the investment objectives, risks, charges and expenses of the American Funds. This and other important information is contained in each fund’s summary prospectus and prospectus, which can be obtained from your financial professional or downloaded and should be read carefully before investing. You can find a link to the prospectus at the top of the page.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

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American Funds Distributors, Inc., member FINRA.