American Funds®

Class A, B, C, F-1 and F-2 Shares With and Without Fee Waivers and/or Expense Reimbursements

The table below shows Class A, B, C, F-1 and F-2 share returns and SEC yields with and without fee waivers and/or expense reimbursements for some funds and share classes. To get each fund’s expense ratio, and its yield and returns for other periods not shown that reflect the fee waiver and/or expense reimbursements, visit the fund details page for each fund listed below. You may also read details about how waivers and reimbursements affect the results for each fund.

Important: Class B shares are no longer available for new investments effective April 21, 2009. Shareholders currently invested in Class B shares will be able to hold those shares until the shares convert to Class A shares. However, additional investments into Class B shares will not be accepted.

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Fund results shown are at net asset value with all distributions reinvested. If a sales charge had been deducted, the results would have been lower. Share prices and returns 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.

Fund Name Average Annual Total Returns Since Shares First Sold
With Reimbursements as of 05/31/15* (date shares first sold) Without Reimbursements as of 05/31/15
A B C F-1 F-2 A B C F-1 F-2
Money Market Fund
American Funds Money Market Fund® 0.00% (May 1, 2009) 0.00% (May 1, 2009) 0.00% (May 1, 2009) 0.00% (May 1, 2009) 0.00% (May 1, 2009) −0.28% −0.98% −0.31% −0.59% −0.26%
Fund Name
Annualized 30-Day SEC Yields
as of 05/31/15
A B C F-1 F-2
Tax-Exempt Fund
American Funds Tax-Exempt Fund of New York® 2.12% 1.24% 1.20% 1.91% 2.14%
Fund Name
Annualized 7-Day Yields
as of 05/31/15
A B C F-1 F-2
Money Market Fund
American Funds Money Market Fund −0.28% −1.01% −0.32% −0.61% −0.31%
Fund Name
Annualized 30-Day SEC Yields
as of 05/31/15
A B C F-1 F-2
Growth-and-Income Fund
American Funds Developing World Growth and Income Fund℠ 1.68% 0.88% 0.85% 1.63% 1.92%
Fund Name
Annualized 30-Day SEC Yields
as of 05/31/15
A B C F-1 F-2
Bond Fund
American Funds Inflation Linked Bond Fund℠ 5.96% 5.32% 5.14% 6.01% 6.20%
Fund Name
Annualized 30-Day SEC Yields
as of 05/31/15
A B C F-1 F-2
American Funds Portfolio Series℠
American Funds Balanced Portfolio℠ 1.34% 0.64% 0.58% 1.36% 1.60%
American Funds Global Growth Portfolio℠ 0.91% 0.15% 0.11% 0.86% 1.13%
American Funds Growth and Income Portfolio℠ 1.58% 0.90% 0.85% 1.63% 1.89%
American Funds Growth Portfolio℠ 0.46% −0.27% −0.32% 0.44% 0.70%
American Funds Income Portfolio℠ 2.84% 2.22% 2.17% 2.94% 3.21%
American Funds Preservation Portfolio℠ 0.85% 0.18% 0.14% 0.89% 1.13%
American Funds Tax-Advantaged Income Portfolio℠ 2.55% 1.88% 1.81% 2.57% 2.84%
American Funds Tax-Exempt Preservation Portfolio℠ 2.47% 1.76% 1.74% 2.50% 2.74%
Fund Name
Annualized 30-Day SEC Yields
as of 05/31/15
A B C F-1 F-2
American Funds Target Date Retirement Series®
American Funds 2060 Target Date Retirement Fund℠ 1.94% 1.04% 0.20% 1.06% 1.17%
American Funds 2055 Target Date Retirement Fund® 0.94% 0.45% 0.20% 1.05% 1.17%
American Funds 2050 Target Date Retirement Fund® 0.96% 0.37% 0.20% 0.97% 1.30%
American Funds 2045 Target Date Retirement Fund® 0.95% 0.25% 0.22% 1.00% 1.24%
American Funds 2040 Target Date Retirement Fund® 1.00% 0.32% 0.29% 1.08% 1.31%
American Funds 2035 Target Date Retirement Fund® 1.06% 0.37% 0.32% 1.12% 1.35%
American Funds 2030 Target Date Retirement Fund® 1.07% 0.39% 0.36% 1.11% 1.35%
American Funds 2025 Target Date Retirement Fund® 1.15% 0.51% 0.46% 1.22% 1.44%
American Funds 2020 Target Date Retirement Fund® 1.28% 0.57% 0.57% 1.28% 1.59%
American Funds 2015 Target Date Retirement Fund® 1.68% 1.14% 0.99% 1.79% 2.03%
American Funds 2010 Target Date Retirement Fund® 1.81% 1.21% 1.13% 1.93% 2.16%

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 and should be read carefully before investing.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Although the target date funds are managed for investors on a projected retirement date time frame, the fund’s allocation strategy does not guarantee that investors’ retirement goals will be met. American Funds investment professionals actively manage each target date fund’s portfolio, moving it from a more growth-oriented strategy to a more income-oriented focus as the fund gets closer to its target date. The target date is the year in which an investor is assumed to retire and begin taking withdrawals. Investment professionals continue to manage each fund for 30 years after it reaches its target date.

*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund. The investment adviser is currently reimbursing a portion of other expenses for American Funds Tax-Exempt Fund of New York. Investment results reflect the reimbursements, without which the results would have been lower. This reimbursement will be in effect through at least September 30, 2015 for Tax-Exempt Fund of New York, 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 and Portfolio Series, the investment adviser is currently waiving its management fee of 0.10% and reimbursing a portion of other expenses for American Funds Tax-Exempt Preservation Portfolio. In addition, the investment adviser has in the past reimbursed certain expenses for all share classes of the Target Date Retirement Series and all share classes of American Funds Preservation Portfolio. After December 31, 2015, 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, 2015, 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. Investment results reflect the waiver and reimbursements, without which the results would have been lower.
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.