The American Funds Advantage

Since 1931, American Funds, part of Capital Group, has helped investors pursue long-term investment success. Our consistent approach -- in combination with The Capital System℠ -- has resulted in a superior long-term track record.

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Aligned With Investor Success

We base our decisions on a long-term perspective, which we believe aligns our goals with the interests of our clients. Our portfolio managers average 27 years of investment experience, including 22 years at our company, reflecting a career commitment to our long-term approach.1

Our investment philosophy is based on doing what we believe is right for clients:

We reward long-term results
Compensation paid to our investment professionals is heavily influenced by investment results over one-, three-, five- and eight-year periods. Increasing weight is placed on each successive measurement period to encourage a long-term investment approach.

We invest alongside you
Collectively, Capital Group associates are significant investors in the company's investment offerings.

Why it matters:

Our interests are deeply intertwined with those of clients.

Portfolio manager experience as of December 31, 2015

Compensation paid to our investment professionals is heavily influenced by investment results over one-, three-, five- and eight-year periods. Increasing weight is placed on each successive measurement period to encourage a long-term investment approach.

The Capital System℠

The Capital System combines individual accountability with teamwork. Funds using The Capital System are divided into portions that are managed independently by investment professionals with diverse backgrounds, ages and investment approaches. An extensive global research effort is the backbone of our system.

The Complete Process

Investment analysts representing a variety of geographic regions and sector concentrations follow the universe of investment opportunities identified in the investment offering.

The Complete Process

Portfolio managers — and, notably, analysts as well — are assigned a portion, or sleeve, of the overall investment offering to manage independently, enabling them to focus on their highest conviction ideas.

A Diversified Portfolio

The end result is a diversified portfolio composed of individual managers' and analysts' highest conviction investment ideas. Combining experienced managers' best independent decisions that are consistent with theinvestment offering's specific objectives delivers a portfolio with the potential for superior results over time.

Diversified portfolio

For illustrative purposes only. In funds with research portfolios, analysts invest directly in a limited number of the companies they cover.

Superior Long-Term Track Record

Our equity funds have a proven record of success over multiple cycles.

The American Funds have delivered consistently superior results over meaningful periods. Our equity funds have beaten their Lipper peer indexes in 91% of 10-year periods and 95% of 20-year periods.* Our fixed-income funds have beaten their Lipper indexes in 58% of 10-year periods and 58% of 20-year periods.*

Investors have been able to count on us for consistent long-term results.


Our equity funds have beaten their Lipper peer indexes in

91% of 10-year periods

and

95% of 20-year periods.*



*Based on Class A share results for rolling periods through December 31, 2015. Periods covered are the shorter of the fund's lifetime or since the comparable Lipper index inception date (except Capital Income Builder and SMALLCAP World Fund®, for which the Lipper average was used).

Past results are not predictive of results in future periods.

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.

Our fees are among the lowest in the industry

•     We are committed to providing exceptional services at a reasonable cost.

•     We have some of the lowest management fees among mutual fund companies.

Why it matters:

Lower fees can mean better long-term results for your clients.


Aligned With Investor Success

We base our decisions on a long-term perspective, which we believe aligns our goals with the interests of our clients. Our portfolio managers average 27 years of investment experience, including 22 years at our company, reflecting a career commitment to our long-term approach.1

The Capital System℠ >

The Capital System combines individual accountability with teamwork. Funds using The Capital System are divided into portions that are managed independently by investment professionals with diverse backgrounds, ages and investment approaches. An extensive global research effort is the backbone of our system.

Superior Long-Term Track Record >

Our equity funds have beaten their Lipper peer indexes in 91% of 10-year periods and 95% of 20-year periods. Ourfixed-income funds have beaten their Lipper indexes in 58% of 10-year periods and 58% of 20-year periods.2 Our fund management fees have been among the lowest in the industry.3

1 Portfolio manager experience as of December 31, 2015.
2 Based on Class A share results for rolling periods through December 31, 2015. Periods covered are the shorter of the fund's lifetime or since the comparable Lipper index inception date (except Capital Income Builder and SMALLCAP World Fund, for which the Lipper average was used).
3 On average, our management fees were in the lowest quintile 68% of the time, based on the 20-year period ended December 31, 2015, versus comparable Lipper categories, excluding funds of funds.
Past results are not predictive of results in future periods.
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.