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All prices and year-to-date returns are as of April 23, 2014, 3:16PM Pacific time and subject to revision.

Figures shown are past results for Class C shares and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Returns shown at net asset value have all distributions reinvested. If a sales charge had been deducted, the results would have been lower. Share price and return 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. An investment in the money market fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

Average annual total returns with sales charge [CDSC (contingent deferred sales charge)]: Returns assume all distributions are reinvested and reflect applicable fees and expenses. Class C shares do not have an up-front sales charge. They do, however, carry a 1% contingent deferred sales charge on shares redeemed within 12 months of purchase.

The funds' annualized 30-day and 7-day SEC yields, which are calculated in accordance with the SEC formula, are shown below. View SEC yields without expense reimbursement. For money market funds, the annualized 7-day SEC yield more accurately reflects the fund's current earnings than does total return.

Definitions and other important legal information about these prices and returns are shown below.

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Class C shares

Certain funds not available for this share class

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How do the share classes differ?

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
AMCAP Fund® (growth fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.54%
With CDSC 25.67% 21.30% 7.15% 25.67% 21.30% 7.15%
American Balanced Fund® (balanced fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.41%
With CDSC 13.75% 15.66% 6.02% 13.75% 15.66% 6.02%
American Funds Developing World Growth and Income FundSM (growth-and-income fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
2.22%
With CDSC 7.20%* 7.20%*
American Funds Global Balanced FundSM (balanced fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.73%
With CDSC 13.02% 8.47%* 13.02% 8.47%*

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
American Funds Money Market Fund® (money market fund) Weighted average days to maturity: 53
Price 7-Day Yield YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
0.43%
With CDSC -1.00% 0.00%* -1.00% 0.00%*
American Funds Mortgage Fund® (bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.47%
With CDSC -2.00% 1.27%* -2.00% 1.27%*
American Funds Tax-Exempt Fund of New York® (tax-exempt bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.58%
With CDSC -3.21% 3.19%* -3.21% 3.19%*
American High-Income Municipal Bond Fund® (tax-exempt bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.46%
With CDSC -1.58% 8.54% 3.48% -1.58% 8.54% 3.48%

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
American High-Income Trust® (bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.48%
With CDSC 4.60% 15.33% 6.35% 4.60% 15.33% 6.35%
American Mutual Fund® (growth-and-income fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.42%
With CDSC 15.98% 17.79% 6.71% 15.98% 17.79% 6.71%
The Bond Fund of America® (bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.41%
With CDSC -1.71% 6.04% 2.63% -1.71% 6.04% 2.63%
Capital Income Builder® (equity-income fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.41%
With CDSC 9.27% 13.14% 6.32% 9.27% 13.14% 6.32%

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
Capital World Bond Fund® (bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.71%
With CDSC -0.30% 5.40% 4.02% -0.30% 5.40% 4.02%
Capital World Growth and Income Fund® (growth-and-income fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.60%
With CDSC 17.28% 16.40% 7.91% 17.28% 16.40% 7.91%
EuroPacific Growth Fund® (growth fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.63%
With CDSC 15.69% 14.65% 7.44% 15.69% 14.65% 7.44%
Fundamental InvestorsSM (growth-and-income fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.43%
With CDSC 19.47% 18.92% 8.07% 19.47% 18.92% 8.07%

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
The Growth Fund of America® (growth fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.50%
With CDSC 22.42% 18.55% 7.19% 22.42% 18.55% 7.19%
The Income Fund of America® (equity-income fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.38%
With CDSC 11.98% 15.88% 6.49% 11.98% 15.88% 6.49%
Intermediate Bond Fund of America® (bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.40%
With CDSC -2.14% 2.35% 1.87% -2.14% 2.35% 1.87%
International Growth and Income FundSM (growth-and-income fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.74%
With CDSC 15.23% 14.93% 10.20%* 15.23% 14.93% 10.20%*

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
The Investment Company of America® (growth-and-income fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.41%
With CDSC 21.93% 17.85% 6.35% 21.93% 17.85% 6.35%
Limited Term Tax-Exempt Bond Fund of America® (tax-exempt bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.34%
With CDSC -1.51% 3.76% 2.56% -1.51% 3.76% 2.56%
The New Economy Fund® (growth fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.63%
With CDSC 28.88% 22.65% 8.81% 28.88% 22.65% 8.81%
New Perspective Fund® (growth fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.59%
With CDSC 17.74% 17.87% 8.00% 17.74% 17.87% 8.00%

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
New World Fund® (growth fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.87%
With CDSC 7.12% 15.03% 9.48% 7.12% 15.03% 9.48%
Short-Term Bond Fund of America® (bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.45%
With CDSC -1.98% 0.38% 1.10%* -1.98% 0.38% 1.10%*
SMALLCAP World Fund® (growth fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.93%
With CDSC 18.04% 21.85% 8.50% 18.04% 21.85% 8.50%
The Tax-Exempt Bond Fund of America® (tax-exempt bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.34%
With CDSC -1.66% 5.62% 3.27% -1.66% 5.62% 3.27%

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
The Tax-Exempt Fund of California® (tax-exempt bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.42%
With CDSC -0.92% 7.00% 3.53% -0.92% 7.00% 3.53%
The Tax-Exempt Fund of Maryland® (tax-exempt bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.46%
With CDSC -2.13% 4.74% 2.62% -2.13% 4.74% 2.62%
The Tax-Exempt Fund of Virginia® (tax-exempt bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.44%
With CDSC -2.26% 4.07% 2.64% -2.26% 4.07% 2.64%
U.S. Government Securities Fund® (bond fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.40%
With CDSC -2.84% 2.18% 2.86% -2.84% 2.18% 2.86%

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
Washington Mutual Investors FundSM (growth-and-income fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Expense ratio**
1.42%
With CDSC 20.60% 19.29% 6.35% 20.60% 19.29% 6.35%

American Funds Portfolio Series

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
American Funds Balanced PortfolioSM (portfolio series fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.47% / 1.57%
With CDSC 12.10% 15.67%* 12.10% 15.67%*
American Funds Global Growth PortfolioSM (portfolio series fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.66% / 1.76%
With CDSC 17.50% 22.36%* 17.50% 22.36%*
American Funds Growth and Income PortfolioSM (portfolio series fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.49% / 1.59%
With CDSC 14.44% 17.98%* 14.44% 17.98%*

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
American Funds Growth PortfolioSM (portfolio series fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.58% / 1.68%
With CDSC 20.16% 23.52%* 20.16% 23.52%*
American Funds Income PortfolioSM (portfolio series fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.43% / 1.53%
With CDSC 7.70% 11.45%* 7.70% 11.45%*
American Funds Preservation PortfolioSM (portfolio series fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.45% / 1.57%
With CDSC -2.01% -0.22%* -2.01% -0.22%*

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
American Funds Tax-Advantaged Income PortfolioSM (portfolio series fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.54% / 1.64%
With CDSC 8.33% 12.41%* 8.33% 12.41%*
American Funds Tax-Exempt Preservation PortfolioSM (portfolio series fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.46% / 1.59%
With CDSC -1.65% 0.93%* -1.65% 0.93%*

American Funds Target Date Retirement Series

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
American Funds 2055 Target Date Retirement Fund® (retirement target date fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.58% / 1.68%
With CDSC 17.34% 12.36%* 17.34% 12.36%*
American Funds 2050 Target Date Retirement Fund® (retirement target date fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.58% / 1.68%
With CDSC 17.26% 17.29% 5.07%* 17.26% 17.29% 5.07%*
American Funds 2045 Target Date Retirement Fund® (retirement target date fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.58% / 1.68%
With CDSC 17.34% 17.30% 5.07%* 17.34% 17.30% 5.07%*

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
American Funds 2040 Target Date Retirement Fund® (retirement target date fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.58% / 1.68%
With CDSC 17.36% 17.34% 5.09%* 17.36% 17.34% 5.09%*
American Funds 2035 Target Date Retirement Fund® (retirement target date fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.58% / 1.68%
With CDSC 16.97% 17.17% 5.02%* 16.97% 17.17% 5.02%*
American Funds 2030 Target Date Retirement Fund® (retirement target date fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.57% / 1.67%
With CDSC 16.68% 17.09% 5.01%* 16.68% 17.09% 5.01%*

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
American Funds 2025 Target Date Retirement Fund® (retirement target date fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.56% / 1.66%
With CDSC 15.38% 16.32% 4.64%* 15.38% 16.32% 4.64%*
American Funds 2020 Target Date Retirement Fund® (retirement target date fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.54% / 1.64%
With CDSC 11.99% 14.54% 4.02%* 11.99% 14.54% 4.02%*
American Funds 2015 Target Date Retirement Fund® (retirement target date fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.52% / 1.62%
With CDSC 10.04% 13.25% 3.85%* 10.04% 13.25% 3.85%*

What do “CDSC” and “NAV” mean?

Fund Prices & YTD Returns   Average Annual Total Returns
NAV as of April 23, 2014, 3:16PM Pacific time (updated daily) Monthly as of March 31, 2014 Quarterly as of March 31, 2014
American Funds 2010 Target Date Retirement Fund® (retirement target date fund)
Price Change YTD   1 yr 5 yrs 10 yrs 1 yr 5 yrs 10 yrs
Net/gross expense ratio**
1.51% / 1.61%
With CDSC 7.88% 12.42% 3.60%* 7.88% 12.42% 3.60%*

Funds not available for this share class

The following funds are not available for this share class. However, if you’re interested in these funds for other investment options, click a fund name for more information.

Tax-Exempt Bond Funds

College Target Date Funds

Definitions and other important legal information

For funds of funds, investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund of funds expenses. The funds' risks are directly related to the risks of the underlying funds as described below. For more information about the risks associated with each fund, go to its detailed fund information page or read the prospectus.

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries. Small-company stocks entail additional risks, and they can fluctuate in price more than larger company stocks. The value of fixed-income securities may be affected by changing interest rates and changes in credit ratings of the securities. Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.

Income from municipal bonds may be subject to state or local income taxes. Additionally, income from all tax-exempt bond funds except for The Tax-Exempt Bond Fund of America may be subject to the federal alternative minimum tax. Certain other income from tax-exempt bond funds, as well as capital gain distributions, may be taxable. Unlike mutual fund shares, investments in U.S Treasuries are guaranteed by the U.S. government as to the payment of principal and interest. In addition, certificates of deposit (CDs) are FDIC-insured and, if held to maturity, offer a guaranteed return of principal. State-specific tax-exempt funds are more susceptible to factors adversely affecting issuers of their states' tax-exempt securities than more widely diversified municipal bond funds.

The return of principal for bond funds and for funds with significant underlying bond holdings (New World Fund, Capital Income Builder, The Income Fund of America, American Balanced Fund, American Funds Global Balanced Fund, funds in the American Funds Portfolio Series and funds in the American Funds College Target Date Series) is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. Investments in mortgage-related securities involve additional risks, such as prepayment risk, as more fully described in the prospectus. Although American Funds Money Market Fund has 12b-1 plans for certain share classes, the fund is currently suspending certain 12b-1 payments in this low interest rate environment. Should payments commence, the fund’s investment results will be lower.

Price: shown at Net Asset Value (NAV). Class C shares — the value of each share in your account. However, if you redeem shares within 12 months of purchase, you may be subject to a contingent deferred sales charge of 1%.

Change ($): the amount (in dollar terms) that the value of the share price changed at the most recent close of the New York Stock Exchange.

YTD (year-to-date return): the net change in the value of the fund's shares (in percentage terms) from January 1, 2014, to the current date shown above. Returns assume all distributions reinvested and reflect all applicable fees and fund expenses. Short-term market volatility can seriously affect year-to-date returns. To help maintain a long-term perspective when considering your investments, review the one-, five- and 10-year returns.

Average annual total returns at net asset value [NAV (updated monthly)]: Returns assume all distributions reinvested and reflect all applicable fees and fund expenses. Class C shares are not available for certain retirement plans.

Annualized 7-day yield: Calculated by annualizing dividends paid during the last seven days of the period. For money market funds, the annualized 7-day SEC yield more accurately reflects the fund's current earnings than does total return. For some funds, certain expenses may be reimbursed by the investment adviser. Without the reimbursement, the funds' yields would have been lower. View 7-day yields without expense reimbursement.

* Figures reflect the lifetime returns of each fund as of the stated periods. Short-Term Bond Fund of America commenced operations on October 2, 2006. International Growth and Income Fund commenced operations on October 1, 2008. American Funds Money Market Fund commenced operations on May 1, 2009. American Funds Mortgage Fund commenced operations on November 1, 2010. American Funds Tax-Exempt Fund of New York commenced operations on November 1, 2010. American Funds Global Balanced Fund commenced operations on February 1, 2011. American Funds Preservation Portfolio commenced operations on May 18, 2012. American Funds Growth Portfolio commenced operations on May 18, 2012. American Funds Growth and Income Portfolio commenced operations on May 18, 2012. American Funds Balanced Portfolio commenced operations on May 18, 2012. American Funds Global Growth Portfolio commenced operations on May 18, 2012. American Funds Tax-Advantaged Income Portfolio commenced operations on May 18, 2012. American Funds Income Portfolio commenced operations on May 18, 2012. American Funds Tax-Exempt Preservation Portfolio commenced operations on May 18, 2012. American Funds Developing World Growth and Income Fund commenced operations on February 3, 2014. The Target Date Retirement Series commenced operations on February 1, 2010. Lifetime returns for less than one year are not annualized, but calculated as cumulative total returns.

Class C shares were first offered on March 15, 2001 (on February 21,2014 in funds in the American Funds Target Date Retirement Series). Class C share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated additional annual expenses. Results for certain funds with an inception date after March 15, 2001, also include hypothetical returns because those funds' Class C shares sold after the funds' date of first offering. Class C shares convert to Class F-1 shares after 10 years. View dates of first sale and specific expense adjustment information for Class C shares.

  Investment results assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently reimbursing a portion of other expenses for American Funds Tax-Exempt Fund of New York and American Funds Developing World Growth and Income Fund. Investment results reflect the reimbursements, without which the results would have been lower. This reimbursement will be in effect through at least September 30, 2014, for Tax-Exempt Fund of New York and February 1, 2015, for Developing World Growth and Income Fund, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. For funds in the American Funds Target Date Retirement Series, the investment adviser is currently waiving its management fee of 0.10%. After December 31, 2014, the adviser may modify or terminate the waiver, but only with fund board approval. In addition, the investment adviser has in the past reimbursed certain expenses for all share classes. Investment results shown reflect the waiver and reimbursements, without which the results would have been lower. For funds in the American Funds Portfolio Series, the investment adviser is currently waiving its management fee of 0.10% and reimbursing a portion of other expenses. Investment results shown reflect the waiver and reimbursements, without which the results would have been lower. After December 31, 2014, the adviser may modify or terminate the waiver, but only with fund board approval. This waiver will be in effect through at least December 31, 2014, unless modified or terminated by the fund’s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. See results without waivers and/or reimbursements. Read details about how waivers and/or reimbursements affect the results for each fund.

  American Funds Money Market Fund Class A shares is the only share class in the American Funds offering check-writing privileges. It is also the only share class that can be exchanged into certain other share classes of other American Funds.

When a capital gain distribution is paid, the net asset value per share is reduced by the amount of the payment plus or minus any change in the value of the fund's holdings. Read our explanation of the effect of a capital gain on a fund's price for details. Two types of capital gains are realized by our funds — short-term and long-term. Net short-term capital gains are distributed to shareholders as income dividends and are taxed at ordinary income tax rates. Long-term capital gain distributions are taxed at a maximum 15% rate.

  The share prices of all of our equity funds decrease when a dividend is paid. The share price of only one of our fixed-income funds, Capital World Bond Fund, also decreases when a dividend is paid. A fund pays a special dividend when the investment income generated by the fund exceeds the income the fund has paid in the form of dividends throughout the year. Special dividends are distributed with the last dividend payment at the end of the calendar year.

** Expense ratios are as of each fund’s prospectus.The expense ratio for American Funds Developing World Growth and Income Fund is estimated. The investment adviser is currently reimbursing a portion of other expenses for American Funds Tax-Exempt Fund of New York and American Funds Developing World Growth and Income Fund. This reimbursement will be in effect through at least September 30, 2014, for Tax-Exempt Fund of New York and February 1, 2015, for Developing World Growth and Income Fund, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. For funds in the Target Date Retirement Series, the investment adviser is currently waiving its management fee of 0.10%. After December 31, 2014, the adviser may modify or terminate the waiver, but only with fund board approval. In addition, the investment adviser has in the past reimbursed certain expenses for all share classes. Net expense ratios reflect the waiver and reimbursements, without which they would be higher. The expense ratios include the weighted average expenses of the underlying funds. For funds in the Portfolio Series, the investment adviser is currently waiving its management fee of 0.10% and reimbursing a portion of other expenses for American Funds Preservation Portfolio and American Funds Tax-Exempt Preservation Portfolio. Net expense ratios shown reflect the waiver and reimbursements, without which the expenses would have been higher. After December 31, 2014, the adviser may modify or terminate the waiver, but only with fund board approval. The reimbursement will be in effect through at least December 31, 2014, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Expense ratios include the weighted average expenses of the underlying funds. Please see each fund’s most recent prospectus for details. The expense ratios for funds in the American Funds Portfolio Series are as of the fund's prospectus. The expense ratio for American Funds Developing World Growth and Income Fund is estimated.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors and sold through unaffiliated intermediaries.