2017 Year-End Distributions | American Funds

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DECEMBER 5, 2017

2017 Year-End Distributions

The actual distribution amounts can be found in Historical Distributions on the fund’s December record dates

Capital Gain Distributions

The anticipated capital gain distributions for 2017 are listed below. The actual distribution amounts will be based on gains and losses realized through October 31 (or later for certain funds). The funds’ long-term approach to investing means that the capital gains realized in a particular year can be the result of an investment held over an extended period of time. The amount of capital gain distributions may vary year over year since the distributions are based on net capital gains realized each year.

Read our Capital Gains FAQ to learn about capital gain distributions and how they affect your account.

Estimated Year-End Distributions of Capital Gains (Percentage Range Based on Current Share Prices1)

Estimated Per-Share Amounts

Fund

Record

Date

Payment

Date

Estimated

Percentage

of Share Price

Long-Term

Short-Term2

AMCAP Fund®

12/18

12/19

3-4%

$1.11-$1.16 

American Balanced Fund®

12/19

12/20

3-4 

0.86-0.96 

American Funds Corporate Bond Fund®

12/29

1/2/18

0-1 

0.00-0.02 

0.00-0.03 

American Funds Developing World Growth and Income Fund℠

12/22

12/26

American Funds Emerging Markets Bond Fund®

12/29

1/2/18

0-1 

0.00-0.02 

0.00-0.02 

American Funds Global Balanced Fund℠

12/21

12/22

1-2 

0.46-0.51 

American Funds Inflation Linked Bond Fund®

12/22

12/26

0-1 

0.02-0.05 

American Funds Mortgage Fund®

12/29

1/2/18

0-1 

0.00-0.02 

0.00-0.02 

American Funds Short-Term Tax-Exempt Bond Fund®

12/29

1/2/18

American Funds Strategic Bond Fund℠

12/15

12/18

0-2

0.08-0.11

American Funds Tax-Exempt Fund of New York®

12/29

1/2/18

American High-Income Municipal Bond Fund®

12/29

1/2/18

American High-Income Trust®

12/29

1/2/18

American Mutual Fund®

12/18

12/19

3-5 

1.65-1.70 

The Bond Fund of America®

12/29

1/2/18

Capital Income Builder®

12/22

12/26

1-2 

0.77-0.82

Capital World Bond Fund®

12/15

12/18

Capital World Growth and Income Fund®

12/20

12/21

4-5 

2.23-2.53 

EuroPacific Growth Fund®

12/21

12/22

1-3 

1.15-1.20 

Fundamental Investors®

12/20

12/21

4-6 

3.20-3.30 

The Growth Fund of America®

12/20

12/21

6-7 

3.18-3.28 

The Income Fund of America®

12/19

12/20

1-3 

0.48-0.53 

Intermediate Bond Fund of America®

12/29

1/2/18

International Growth and Income Fund℠

12/19

12/20

The Investment Company of America®

12/18

12/19

5-6 

2.21-2.31 

Limited Term Tax-Exempt Bond Fund of America®

12/29

1/2/18

The New Economy Fund®

12/22

12/26

7-8 

3.50-3.70 

New Perspective Fund®

12/21

12/22

4-6 

2.14-2.24 

New World Fund®

12/21

12/22

0-2 

0.61-0.66 

Short-Term Bond Fund of America®

12/29

1/2/18

SMALLCAP World Fund®

12/20

12/21

4-5 

2.48-2.53

The Tax-Exempt Bond Fund of America®

12/29

1/2/18

The Tax-Exempt Fund of California®

12/29

1/2/18

U.S. Government Securities Fund®

12/29

1/2/18

Washington Mutual Investors Fund℠

12/18

12/19

3-4 

1.46-1.51 

American Funds Portfolio Series℠

American Funds Balanced Portfolio℠

12/27

12/28

1-3 

0.27-0.32 

American Funds Global Growth Portfolio℠

12/27

12/28

5-6 

0.90-0.95 

American Funds Growth and Income Portfolio℠

12/27

12/28

1-3 

0.25-0.30 

American Funds Growth Portfolio℠

12/27

12/28

2-3 

0.46-0.51

American Funds Income Portfolio℠

12/27

12/28

0-1 

0.03-0.08 

American Funds Preservation Portfolio℠

12/27

12/28

American Funds Tax-Advantaged Income Portfolio℠

12/27

12/28

1-3 

0.21-0.26 

American Funds Tax-Exempt Preservation Portfolio℠

12/27

 

12/28

 

AMERICAN FUNDS RETIREMENT INCOME PORTFOLIO SERIES℠

American Funds Retirement Income Portfolio – Conservative℠

12/27

12/28

0-1

0.01-0.04 

American Funds Retirement Income Portfolio – Enhanced℠

12/27

12/28

0-1 

0.02-0.05 

American Funds Retirement Income Portfolio – Moderate℠

12/27

12/28

0-1 

0.02-0.05 

American Funds Target Date Retirement Series®

American Funds 2060 Target Date Retirement Fund®

12/28

12/29

0-2

0.08-0.13 

American Funds 2055 Target Date Retirement Fund®

12/28

12/29

1-2

0.25-0.30 

American Funds 2050 Target Date Retirement Fund®

12/28

12/29

1-2

0.21-0.26 

American Funds 2045 Target Date Retirement Fund®

12/28

12/29

1-2

0.21-0.26 

American Funds 2040 Target Date Retirement Fund®

12/28

12/29

1-2

0.21-0.26 

American Funds 2035 Target Date Retirement Fund®

12/28

12/29

1-2 

0.19-0.24

American Funds 2030 Target Date Retirement Fund®

12/28

12/29

1-2 

0.18-0.23 

American Funds 2025 Target Date Retirement Fund®

12/28

12/29

1-2 

0.15-0.20 

American Funds 2020 Target Date Retirement Fund®

12/28

12/29

0-2 

0.12-0.17 

American Funds 2015 Target Date Retirement Fund®

12/28

12/29

0-2 

0.10-0.15 

American Funds 2010 Target Date Retirement Fund®

12/28

12/29

0-1 

0.06-0.11 

1As of 10/31/17

2Short-term capital gains are treated as ordinary income for tax purposes.

Dividends

Income Dividends

In December, many of the American Funds are expected to pay regular income dividends. In addition, several funds will pay special dividends.

Please refer to the estimated taxable income dividends (PDF) — which includes regular and special dividends — for your year-end planning.

Actual dividend amounts will be determined by each fund’s board of directors/trustees.

Special Dividends

The following American Funds are expected to pay special dividends in December, in addition to their regular dividend payments. 

Funds Expected to Pay Special Dividends

Fund

Estimated Per-Share Amount

American Balanced Fund

$0.06-$0.11

American Funds Strategic Bond Fund

0.02-0.05

American Mutual Fund

0.04-0.07

Capital Income Builder

0.12-0.17

Capital World Growth and Income Fund

0.03-0.08

Fundamental Investors

0.25-0.30

The Investment Company of America

0.06-0.11

Washington Mutual Investors Fund

0.04-0.09

Qualified Dividends

Funds that invest in stocks of U.S. corporations and many of those based outside the U.S. pay dividends that qualify for lower tax rates. However, when a fund derives a significant portion of its income from sources such as interest, short-term capital gains and dividends from certain international corporations, a portion of its dividend does not qualify for reduced tax rates. Instead, that portion is taxed at the ordinary income rates. Funds that derive all of their income from investments in bonds, money market instruments and non-dividend-paying investments do not pay qualified dividends.

Below are preliminary 2017 estimates of the percentage range of each fund’s taxable dividends that qualify for lower tax rates. The final percentages for 2017 could vary. The actual amount of qualified dividends will be reported on the 2017 Form 1099-DIV (available in late January).

Funds Expected to Pay Qualified Dividends

Fund

Percentage Range

AMCAP Fund

100%

American Balanced Fund

70-80

American Funds Developing World Growth and Income Fund

75-90

American Funds Global Balanced Fund

85-95

American Mutual Fund

100

Capital Income Builder

80-95

Capital World Growth and Income Fund

100

EuroPacific Growth Fund

100

Fundamental Investors

100

The Growth Fund of America

100

The Income Fund of America

75-85

International Growth and Income Fund

100

The Investment Company of America

100

The New Economy Fund

100

New Perspective Fund

100

New World Fund

100

SMALLCAP World Fund

3

Washington Mutual Investors Fund

100

AMERICAN FUNDS PORTFOLIO SERIES

American Funds Balanced Portfolio

90-100

American Funds Global Growth Portfolio

100

American Funds Growth and Income Portfolio

90-100

American Funds Growth Portfolio

100

American Funds Income Portfolio

60-75

American Funds Tax-Advantaged Income Portfolio

1004

AMERICAN FUNDS RETIREMENT INCOME PORTFOLIO SERIES

American Funds Retirement Income Portfolio — Conservative

60-75

American Funds Retirement Income Portfolio — Enhanced

85-100

American Funds Retirement Income Portfolio — Moderate

75-90

AMERICAN FUNDS TARGET DATE RETIREMENT SERIES

American Funds 2060 Target Date Retirement Fund

90-100

American Funds 2055 Target Date Retirement Fund

90-100

American Funds 2050 Target Date Retirement Fund

90-100

American Funds 2045 Target Date Retirement Fund

90-100

American Funds 2040 Target Date Retirement Fund

90-100

American Funds 2035 Target Date Retirement Fund

90-100

American Funds 2030 Target Date Retirement Fund

85-100

American Funds 2025 Target Date Retirement Fund

80-95

American Funds 2020 Target Date Retirement Fund

70-85

American Funds 2015 Target Date Retirement Fund

65-80

American Funds 2010 Target Date Retirement Fund

60-75

3The fund is not expected to pay taxable dividends in 2017.

See the estimated taxable income dividends (PDF) for the portion of the fund’s income dividend that is estimated to be taxable.

Return of Capital

A portion of the income dividends distributed by Capital World Bond Fund during 2017 may be classified as a return of capital. The actual amount of return of capital will be reported in Box 3 “Nondividend Distributions” of the 2017 1099-DIV (available in late January).


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 and should be read carefully before investing. 

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and not to be comprehensive or to provide advice.