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September 14, 2018
2018 Year-End Distributions
Year-end distribution amounts can also be found in Historical Distributions on the fund’s December record dates.
Capital Gain Distributions
The anticipated long-term capital gain distributions for 2018 are listed below. The actual distribution amounts will be based on gains and losses realized through October 31 (or later for certain funds). Estimates on a per-share basis will be available by December. 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 lear about capital gain distributions and how they affect your account.
Estimated Year-End Distributions of Long-Term Capital Gains (Percentage Range Based on Current Share Prices*)
Fund
Record Date
Payment Date
Percentage Range
AMCAP Fund®
12/20
12/21
5–8%
American Balanced Fund®
12/18
12/19
3–5
American Funds Corporate Bond Fund®
12/31
1/2/19
—
American Funds Developing World Growth and Income FundSM
12/24
12/26
—
American Funds Emerging Markets Bond Fund®
12/31
1/2/19
0–1
American Global Balanced Fund℠
12/20
12/21
0–1
American Funds Inflation Linked Bond Fund®
12/19
12/20
—
American Funds Mortgage Fund®
12/31
1/2/19
—
American Funds Short-Term Tax-Exempt Bond Fund®
12/31
1/2/19
—
American Funds Strategic Bond Fund®
12/24
12/26
—
American Funds Tax-Exempt Fund of New York®
12/31
1/2/19
—
American High-Income Municipal Bond Fund®
12/31
1/2/19
0–1
American High-Income Trust®
12/31
1/2/19
—
American Mutual Fund®
12/19
12/20
3–5
The Bond Fund of America®
12/31
1/2/19
—
Capital Income Builder®
12/21
12/24
0–2
Capital World Bond Fund®
12/18
12/19
—
Capital World Growth and Income Fund®
12/18
12/19
3–5
EuroPacific Growth Fund®
12/20
12/21
2–4
Fundamental Investors®
12/21
12/24
7–9
The Growth Fund of America®
12/21
12/24
9–11
The Income Fund of America®
12/18
12/19
3–5
Intermediate Bond Fund of America®
12/31
1/2/19
—
International Growth and Income Fund℠
12/24
12/26
—
The Investment Company of America®
12/19
12/20
6–8
Limited Term Tax-Exempt Bond Fund of America®
12/31
1/2/19
0–1
The New Economy Fund®
12/19
12/20
9–11
New Perspective Fund®
12/21
12/24
5–7
New World Fund®
12/21
12/24
3–5
Short-Term Bond Fund of America®
12/31
1/2/19
—
SMALLCAP World Fund®
12/24
12/26
5–7
The Tax-Exempt Bond Fund of America®
12/31
1/2/19
0–1
The Tax-Exempt Fund of California®
12/31
1/2/19
0–1
U.S. Government Securities Fund®
12/31
1/2/19
—
Washington Mutual Investors Fund℠
12/21
12/24
1–3
American Funds Portfolio Series℠
American Funds Conservative Growth and Income PortfolioSM
12/27
12/28
1–2
American Funds Global Growth PortfolioSM
12/27
12/28
4–5
American Funds Growth and Income PortfolioSM
12/27
12/28
4–5
American Funds Growth PortfolioSM
12/27
12/28
5–6
American Funds Moderate Growth and Income PortfolioSM
12/27
12/28
2–3
American Funds Preservation PortfolioSM
12/27
12/28
—
American Funds Tax-Advantaged Growth and Income PortfolioSM
12/27
12/28
2–3
American Funds Tax-Exempt Preservation PortfolioSM
12/27
12/28
—
American Funds Retirement Income Portfolio Series℠
American Funds Retirement Income Portfolio Series — Conservative℠
12/27
12/28
1–2
American Funds Retirement Income Portfolio Series – Enhanced℠
12/27
12/28
1–2
American Funds Retirement Income Portfolio Series — Moderate℠
12/27
12/28
1–2
American Funds Target Date Retirement Series®
American Funds 2060 Target Date Retirement Fund®
12/28
12/31
3–4
American Funds 2055 Target Date Retirement Fund®
12/28
12/31
3–4
American Funds 2050 Target Date Retirement Fund®
12/28
12/31
3–4
American Funds 2045 Target Date Retirement Fund®
12/28
12/31
3–4
American Funds 2040 Target Date Retirement Fund®
12/28
12/31
3–4
American Funds 2035 Target Date Retirement Fund®
12/28
12/31
3–4
American Funds 2030 Target Date Retirement Fund®
12/28
12/31
3–4
American Funds 2025 Target Date Retirement Fund®
12/28
12/31
2–3
American Funds 2020 Target Date Retirement Fund®
12/28
12/31
2–3
American Funds 2015 Target Date Retirement Fund®
12/28
12/31
2–3
American Funds 2010 Target Date Retirement Fund®
12/28
12/31
1–2
*Some funds may pay a year-end distribution of short-term capital gains, which are taxed like ordinary income.
*As of July 31, 2018
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 2018 estimates of the percentage range of each fund’s taxable dividends that qualify for lower tax rates. The final percentages for 2018 could vary. The actual amount of qualified dividends will be reported on the 2018 Form 1099-DIV (mailed in late January).
Funds Expected to Pay Qualified Dividends
Fund
Percentage Range
AMCAP Fund
100%
American Balanced Fund
55–70
American Funds Developing World Growth and Income Fund
90–100
American Funds Global Balanced Fund
75–85
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
70–80
International Growth and Income Fund
100
The Investment Company of America
100
The New Economy Fund
100
New Perspective Fund
100
New World Fund
90–100
SMALLCAP World Fund
—*
Washington Mutual Investors Fund
100
AMERICAN FUNDS PORTFOLIO SERIES
American Funds Conservative Growth and Income Portfolio
55–70
American Funds Global Growth Portfolio
100
American Funds Growth and Income Portfolio
90–100
American Funds Growth Portfolio
100
American Funds Moderate Growth and Income Portfolio
75–90
American Funds Tax-Advantaged Growth and Income Portfolio
100
AMERICAN FUNDS RETIREMENT INCOME PORTFOLIO SERIES
Retirement Income Portfolio — Conservative
50–65
Retirement Income Portfolio — Enhanced
75–90
Retirement Income Portfolio — Moderate
65–80
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
80–95
American Funds 2025 Target Date Retirement Fund
70–85
American Funds 2020 Target Date Retirement Fund
55–70
American Funds 2015 Target Date Retirement Fund
55–70
American Funds 2010 Target Date Retirement Fund
50–65
* The fund is not expected to pay taxable dividends in 2018.
Return of Capital
A portion of the income dividends distributed by American Funds Emerging Markets Bond Fund, American Funds Strategic Bond Fund and Capital World Bond Fund during 2018 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 2018 1099-DIV (mailed 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.