Fee waiver and expense reimbursements by fund

An explanation of how each American Fund is affected by the fee waiver and/or expense reimbursements is shown below. Investment results reflect the waiver and reimbursements, without which results would have been lower. See the effect of the waiver and reimbursements on results for Class R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6 shares.

Please see each fund’s most recent annual report or prospectus for details.

Growth Funds
Growth-and-Income Funds
Equity-Income Funds
Balanced Funds
Bond Funds

Tax-Exempt Bond Funds
Money Market Fund
Portfolio Series Funds
Retirement Income Portfolio Series Funds
College Target Date Funds
Retirement Target Date Funds

Growth Funds

Expand All

Growth-and-Income Funds

Expand All

American Funds Developing World Growth and Income Fund℠

The investment adviser is currently reimbursing a portion of other expenses for Class R-2E shares. The reimbursement will be in effect through at least February 1, 2020. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

*The fund’s transfer agent is currently waiving a portion of the other expenses for Class F-3 shares. This waiver will be in effect through at least February 1, 2020. The transfer agent may elect at its discretion to extend, modify or terminate the waiver at that time.

American Mutual Fund®

The investment adviser has reimbursed a portion of other expenses in the past.

Capital World Growth and Income Fund®

The investment adviser has reimbursed a portion of other expenses in the past.

Fundamental Investors®

From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

International Growth and Income Fund℠

Since the fund’s inception through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.
The investment adviser has reimbursed expenses for share classes R-1, R-2 and R-4 in the past.

The Investment Company of America®

From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

Washington Mutual Investors Fund℠

From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds and the business manager for Washington Mutual Investors Fund waived a portion of their management fees.

Equity-Income Funds

Expand All

Balanced Funds

Expand All

Bond Funds

Expand All

Tax-Exempt Bond Funds

Expand All

American Funds Short-Term Tax-Exempt Bond Fund®

The investment adviser has reimbursed expenses for all share classes in the past.

American Funds Tax-Exempt Fund of New York®

The investment adviser is currently reimbursing a portion of other expenses. The reimbursement will be in effect at least through October 1, 2020. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

American High-Income Municipal Bond Fund®

From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

Limited Term Tax-Exempt Bond Fund of America®

From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

The Tax-Exempt Bond Fund of America®

From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

The Tax-Exempt Fund of California®

From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

Money Market Fund

Expand All

Portfolio Series Funds

Expand All

American Funds Global Growth Portfolio℠

Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2020. Subject to the terms of its contractual arrangement with the investment adviser, Virginia529 may elect to extend, modify or terminate the waiver at that time.

American Funds Growth Portfolio℠

Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2020. Subject to the terms of its contractual arrangement with the investment adviser, Virginia529 may elect to extend, modify or terminate the waiver at that time.

American Funds Growth and Income Portfolio℠

Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2020. Subject to the terms of its contractual arrangement with the investment adviser, Virginia529 may elect to extend, modify or terminate the waiver at that time.

American Funds Conservative Growth and Income Portfolio℠

Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2020. Subject to the terms of its contractual arrangement with the investment adviser, Virginia529 may elect to extend, modify or terminate the waiver at that time.

American Funds Moderate Growth and Income Portfolio℠

Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2020. Subject to the terms of its contractual arrangement with the investment adviser, Virginia529 may elect to extend, modify or terminate the waiver at that time.

American Funds Preservation Portfolio℠

Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2020. Subject to the terms of its contractual arrangement with the investment adviser, Virginia529 may elect to extend, modify or terminate the waiver at that time.

American Funds Tax-Exempt Preservation Portfolio℠

The investment adviser is currently reimbursing a portion of other expenses. The reimbursement will be in effect through at least January 1, 2020. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Retirement Income Portfolio Series Funds

Expand All

College Target Date Funds

Expand All

Retirement Target Date Funds

Expand All

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 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.

Schedule

Call

Email

Podcast

More Capital Group Sites

More Capital Group Sites

More Capital Group Sites

More Capital Group Sites

Growth Funds

AMCAP Fund®

American Funds Global Insight FundSM

American Funds International Vantage FundSM

EuroPacific Growth Fund®

The Growth Fund of America®

The New Economy Fund®

New Perspective Fund®

New World Fund®

SMALLCAP World Fund®

Growth-and-Income Funds

American Funds Developing World Growth and Income Fund℠

American Mutual Fund®

Capital World Growth and Income Fund®

Fundamental Investors®

International Growth and Income Fund℠

The Investment Company of America®

Washington Mutual Investors Fund℠

Equity-Income Funds

Capital Income Builder®

The Income Fund of America®

Balanced Funds

American Balanced Fund®

American Funds Global Balanced Fund℠

Bond Funds

American Funds Corporate Bond Fund℠

American Funds Emerging Markets Bond Fund℠

American Funds Inflation Linked Bond Fund®

American Funds Mortgage Fund®

American Funds Strategic Bond Fund℠

American High-Income Trust®

The Bond Fund of America®

Capital World Bond Fund®

Intermediate Bond Fund of America®

Short-Term Bond Fund of America®

U.S. Government Securities Fund®

Tax-Exempt Bond Funds

American Funds Short-Term Tax-Exempt Bond Fund®

American Funds Tax-Exempt Fund of New York®

American High-Income Municipal Bond Fund®

Limited Term Tax-Exempt Bond Fund of America®

The Tax-Exempt Bond Fund of America®

The Tax-Exempt Fund of California®

Money Market Fund

American Funds U.S. Government Money Market Fund℠

Portfolio Series Funds

American Funds Global Growth Portfolio℠

American Funds Growth Portfolio℠

American Funds Growth and Income Portfolio℠

American Funds Conservative Growth and Income Portfolio℠

American Funds Moderate Growth and Income Portfolio℠

American Funds Preservation Portfolio℠

American Funds Tax-Exempt Preservation Portfolio℠

Retirement Income Portfolio Series Funds

American Funds Retirement Income Portfolio - Enhanced℠

American Funds Retirement Income Portfolio - Moderate℠

American Funds Retirement Income Portfolio - Conservative℠

College Target Date Funds

American Funds College 2036 Fund℠

American Funds College 2033 Fund℠

Retirement Target Date Funds

American Funds 2060 Target Date Retirement Fund®

American Funds 2055 Target Date Retirement Fund®

American Funds 2050 Target Date Retirement Fund®

American Funds 2045 Target Date Retirement Fund®

American Funds 2040 Target Date Retirement Fund®

American Funds 2035 Target Date Retirement Fund®

American Funds 2030 Target Date Retirement Fund®

American Funds 2025 Target Date Retirement Fund®

American Funds 2020 Target Date Retirement Fund®

American Funds 2015 Target Date Retirement Fund®

American Funds 2010 Target Date Retirement Fund®

American Funds Global Insight Fund^SM

American Funds International Vantage Fund^SM