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. Through the proxy voting process, we aim to protect the long-term financial interests of our investors.
View the procedures and principles for American Funds and American Funds Insurance Series® (PDF) , as well as American Funds Target Date Retirement Series® (PDF) .
Our proxy voting results
Throughout the year, we vote by proxy on thousands of proposals from all types of companies, ranging from small businesses to international companies.
In some situations, we don’t vote proxies for companies outside the U.S., particularly when the expense outweighs the benefit to shareholders, liquidity issues exist, documents are not sufficient to make an informed decision, or if we are not notified of a scheduled meeting.
The links below provide PDFs of the most recent proxy voting results available. (Results are posted within approximately 10 weeks after June 30.)
Please note: To view the linked documents below, you’ll need Adobe® Reader®, which you can download for free from Adobe. Because of the numerous stocks held by many of the funds, some of the proxy results reports are large. You may experience delays in downloading them.
American Balanced Fund®
American Funds Corporate Bond Fund®
American Funds Developing World Growth and Income Fund℠
American Funds Emerging Markets Bond Fund®
American Funds Global Balanced Fund℠
American Funds Global Insight Fund℠
American Funds Inflation Linked Bond Fund®
American Funds International Vantage Fund℠
American Funds Mortgage Fund®1
American Funds Retirement Income Portfolio - Conservative℠
American Funds Retirement Income Portfolio - Enhanced℠
American Funds Retirement Income Portfolio - Moderate℠
American Funds Short-Term Tax-Exempt Bond Fund®1
American Funds Strategic Bond Fund℠
American Funds Tax-Exempt Fund of New York®
American Funds U.S. Government Money Market Fund℠1
American Funds 2010 Target Date Retirement Fund®1
American Funds 2015 Target Date Retirement Fund®1
American Funds 2020 Target Date Retirement Fund®1
American Funds 2025 Target Date Retirement Fund®1
American Funds 2030 Target Date Retirement Fund®1
American Funds 2035 Target Date Retirement Fund®1
American Funds 2040 Target Date Retirement Fund®1
American Funds 2045 Target Date Retirement Fund®1
American Funds 2050 Target Date Retirement Fund®1
American Funds 2055 Target Date Retirement Fund®1
American Funds 2060 Target Date Retirement Fund®
American Funds 2065 Target Date Retirement Fund℠
American High-Income Municipal Bond Fund®
American High-Income Trust®
American Mutual Fund®
The Bond Fund of America®
Capital Income Builder®
Capital World Bond Fund®
Capital World Growth and Income Fund®
EuroPacific Growth Fund®
The Growth Fund of America®
The Income Fund of America®
Intermediate Bond Fund of America®1
International Growth and Income Fund℠
The Investment Company of America®
Limited Term Tax-Exempt Bond Fund of America®1
The New Economy Fund®
New Perspective Fund®
New World Fund®
Short-Term Bond Fund of America®1
SMALLCAP World Fund®
The Tax-Exempt Bond Fund of America®
The Tax-Exempt Fund of California®
U.S. Government Securities Fund®1
Washington Mutual Investors Fund℠
1 No equities held in the fund during the reporting period.
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.
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.