Proxy voting and American Funds

A proxy authorizes someone other than the owner of a stock to cast a vote on his or her behalf at the issuing company’s shareholder meeting. Proxies typically are used by shareholders to elect a company’s board of directors, select independent auditors, approve executive compensation, and vote on other management- or shareholder-sponsored proposals.

With responsibility for millions of shares of stocks, American Funds routinely votes by proxy. Through this process, we aim to promote the long-term financial interests of our shareholders.

Our proxy voting procedures and principles

We view proxies of companies held by the portfolios as significant fund assets — and proxy voting as an integral part of the overall investment process. Our procedures and principles summarize our views on various corporate governance proposals.

View the procedures and principles for American Funds and American Funds Insurance Series® (PDF) PDF, as well as American Funds Target Date Retirement Series® (PDF) PDF.

Our proxy voting results

Throughout the year, we vote on thousands of proposals from all types of companies: from small businesses to international corporations.*

Links to the most recent proxy voting results for equity securities held in each American Funds portfolio are listed below.

AMCAP Fund® (AMCAP)
American Balanced Fund® (AMBAL)
American Funds Corporate Bond FundSM (CBF)
American Funds Developing World Growth and Income FundSM(DWGI)
American Funds Emerging Markets Bond FundSM (EMBF)
American Funds Global Balanced FundSM (GBAL)
American Funds Insurance Series® (AFIS)
American Funds Inflation Linked Bond Fund® (ILBF)
American Funds Mortgage Fund® (AFMF)
American Funds Retirement Income Portfolio - ConservativeSM (RIC)
American Funds Retirement Income Portfolio - EnhancedSM (RIE)
American Funds Retirement Income Portfolio - ModerateSM (RIM)
American Funds Short-Term Tax-Exempt Bond Fund® (STEX)
American Funds Strategic Bond FundSM (SBF)
American Funds Target Date Retirement Series® (AFTD)
American Funds Tax-Exempt Fund of New York® (TEFNY)
American Funds U.S. Government Money Market FundSM (MMF)
American High-Income Municipal Bond Fund® (AHIM)
American High-Income Trust® (AHIT)
American Mutual Fund® (AMF)
The Bond Fund of America® (BFA)
Capital Income Builder® (CIB)
Capital World Bond Fund® (WBF)
Capital World Growth and Income Fund® (WGI)
EuroPacific Growth Fund® (EUPAC)

If you have questions about our proxy procedures and principles or voting results, please contact your financial professional. If you don’t have one, contact us for the name of one in your area.

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.