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Proxy voting and American Funds... what you need to know

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 guidelines

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 guidelines summarize our internal operating procedures for voting company proxies.

View the guidelines for our retail mutual 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 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 of our funds are listed below.

Please note: To view the linked documents below, you’ll need Adobe Reader. For best results, we recommend using the latest version of Reader which you can download for free from Adobe’s website. 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.

If you have questions about our proxy guidelines and voting results, please contact your financial adviser or call us for assistance.

* In some situations, we don’t participate in proxy votes for stocks outside of 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.

No equities held in the fund during the reporting period.

Investors should carefully consider the investment objectives, risks, charges and expenses of the American Funds Insurance Series, American Legacy variable annuities, and/or the American Funds. This and other important information is contained in the prospectuses, which can be obtained from your financial professional and should be read carefully before investing.