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American Funds® Prospectus Supplement May 1, 2023 (for prospectus dated January 1, 2023, as supplemented to date)
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| 1. | The table under the heading “Portfolio managers” in the “Management” section of the summary portion of the prospectus is amended in its entirety to read as follows: |
| Portfolio manager/ Fund title (if applicable) |
Portfolio manager experience in this fund |
Primary title with investment adviser |
| Alfonso Barroso President | 10 years | Partner – Capital Research Global Investors |
| Philip Chitty Senior Vice President | Less than 1 year | Partner – Capital Fixed Income Investors |
| Andrew A. Cormack Senior Vice President | 4 years | Partner – Capital Fixed Income Investors |
| Bradford F. Freer Senior Vice President | 3 years | Partner – Capital Research Global Investors |
| Winnie Kwan Senior Vice President | 10 years | Partner – Capital Research Global Investors |
| 2. | The table under the heading “The Capital SystemTM” in the “Management and organization” section of the prospectus is amended in its entirety to read as follows: |
| Portfolio manager | Investment experience |
Experience in this fund |
Role in management of the fund |
| Alfonso Barroso | Investment professional for 28 years, all with Capital Research and Management Company or affiliate | 10 years | Serves as an equity/fixed income portfolio manager |
| Philip Chitty | Investment professional for 29 years in total; 19 years with Capital Research and Management Company or affiliate | Less than 1 year | Serves as a fixed income portfolio manager |
| Andrew A. Cormack | Investment professional for 19 years in total; 4 years with Capital Research and Management Company or affiliate | 4 years | Serves as a fixed income portfolio manager |
| Bradford F. Freer | Investment professional for 30 years in total; 29 years with Capital Research and Management Company or affiliate | 3 years | Serves as an equity portfolio manager |
| Winnie Kwan | Investment professional for 26 years in total; 23 years with Capital Research and Management Company or affiliate | 10 years | Serves as an equity/fixed income portfolio manager |
Keep this supplement with your prospectus.
Lit. No. MFGEBS-538-0523P Printed in USA CGD/TM/10039-S93905
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The New Economy Fund® Prospectus Supplement May 1, 2023 (for prospectus dated February 1, 2023, as
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The following is added to the section titled “The Capital SystemTM” in the “Management and organization” section of the prospectus:
Paul Benjamin, Partner, Capital World Investors, serves as an equity portfolio manager for the fund. Paul serves as Senior Vice President of the fund and has 18 years of experience in total, all with Capital Research and Management Company or affiliate. He has less than one year of experience in managing the fund (plus 2 years of prior experience as an investment analyst for the fund).
Timothy D. Armour no longer manages money in the fund.
Keep this supplement with your prospectus.
Lit. No. MFGEBS-540-0523O CGD/10039-S93915
THE FUND MAKES AVAILABLE A SPANISH TRANSLATION OF THE ABOVE PROSPECTUS SUPPLEMENT IN CONNECTION WITH THE PUBLIC OFFERING AND SALE OF ITS SHARES. THE ENGLISH LANGUAGE PROSPECTUS SUPPLEMENT ABOVE IS A FAIR AND ACCURATE REPRESENTATION OF THE SPANISH EQUIVALENT.
| /s/ | JENNIFER L. BUTLER |
| JENNIFER L. BUTLER | |
| SECRETARY |
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Statement of Additional May 1, 2023
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For the following funds with statements of additional information dated January 1, 2023 – February 1, 2023:
| American Funds® Global Balanced Fund The New Economy Fund® |
1. The table under the heading “Portfolio manager fund holdings and other managed accounts” in the “Management of the fund” section of the statement of additional information for American Funds Global Balanced Fund is amended to read as follows. Footnotes to the table in the statement of additional information remain unchanged.
| Portfolio manager |
Dollar range of fund shares owned1 |
Number of other registered investment companies (RICs) for which portfolio manager is a manager (assets of RICs in billions)2 |
Number of other pooled investment vehicles (PIVs) for which portfolio manager is a manager (assets of PIVs in billions)2 |
Number of other accounts for which portfolio manager is a manager (assets of other accounts in billions)2,3 | |||
| Alfonso Barroso | Over $1,000,000 | 5 | $197.1 | 5 | $1.87 | None | |
| Philip Chitty | None | 5 | $144.4 | 4 | $2.33 | 1 | $0.93 |
| Andrew A. Cormack | $100,001 – $500,000 | 3 | $10.5 | 3 | $2.16 | 1 | $0.92 |
| Bradford F. Freer | $500,001 – $1,000,000 | 5 | $108.2 | 1 | $0.39 | None | |
| Winnie Kwan | $100,001 – $500,000 | 5 | $144.4 | 3 | $1.13 | 1 | $0.05 |
2. The table under the heading “Portfolio manager fund holdings and other managed accounts” in the “Management of the fund” section of the statement of additional information for The New Economy Fund is amended to read as follows. Footnotes to the table in the statement of additional information remain unchanged.
| Portfolio manager |
Dollar range of fund shares owned1 |
Number of other registered investment companies (RICs) for which portfolio manager is a manager (assets of RICs in billions)2 |
Number of other pooled investment vehicles (PIVs) for which portfolio manager is a manager (assets of PIVs in billions)2 |
Number of other accounts for which portfolio manager is a manager (assets of other accounts in billions)2,3 | ||||
| Mathews Cherian | Over $1,000,000 | 1 | $110.9 | 3 | $1.51 | None | ||
| Harold H. La | Over $1,000,000 | 3 | $203.3 | 4 | $3.65 | 1 | $0.05 | |
| Paul Benjamin | $500,001 – $1,000,000 | 4 | $335.6 | 5 | $4.08 | None | ||
| Tomoko Fortune | Over $1,000,000 | None | 2 | $0.78 | None | |||
| Caroline Jones | Over $1,000,000 | None | 2 | $0.78 | None | |||
| Reed Lowenstein | Over $1,000,000 | None | 2 | $0.78 | None | |||
| Lara Pellini | $100,001 – $500,000 | 3 | $246.1 | 5 | $4.69 | None | ||
| Richmond Wolf | Over $1,000,000 | None | 2 | $0.78 | None | |||
Keep this supplement with your statement of additional information.
Lit No. MFGEBS-539-0523O CGD/10149-S93907