497K 1 wgi497k.htm

   

Capital World Growth
and Income Fund®

Summary prospectus

October 30, 2020

                       
Class A C T F-1 F-2 F-3 529-A 529-C 529-E 529-T 529-F-1
  CWGIX CWGCX TCWGX CWGFX WGIFX FWGIX CWIAX CWICX CWIEX TCWWX CWIFX
Class 529-F-2 529-F-3 R-1 R-2 R-2E R-3 R-4 R-5E R-5 R-6  
  FCWGX FWCGX RWIAX RWIBX RWBEX RWICX RWIEX RWIHX RWIFX RWIGX  

Beginning January 1, 2021, as permitted by regulations adopted by the U.S. Securities and Exchange Commission, we intend to no longer mail paper copies of the fund’s shareholder reports, unless specifically requested from American Funds or your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Capital Group website (capitalgroup.com); you will be notified by mail and provided with a website link to access the report each time a report is posted. If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. If you prefer to receive shareholder reports and other communications electronically, you may update your mailing preferences with your financial intermediary, or enroll in e-delivery at capitalgroup.com (for accounts held directly with the fund).

You may elect to receive paper copies of all future reports free of charge. If you invest through a financial intermediary, you may contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with the fund, you may inform American Funds that you wish to continue receiving paper copies of your shareholder reports by contacting us at (800) 421-4225. Your election to receive paper reports will apply to all funds held with American Funds or through your financial intermediary.

 
Before you invest, you may want to review the fund’s prospectus and statement of additional information, which contain more information about the fund and its risks. You can find the fund’s prospectus, statement of additional information, reports to shareholders and other information about the fund online at capitalgroup.com/prospectus. You can also get this information at no cost by calling (800) 421-4225 or by sending an email request to prospectus@americanfunds.com. The current prospectus and statement of additional information, dated October 30, 2020, are incorporated by reference into this summary prospectus.


 
 

 


 

Investment objective The fund’s investment objective is to provide you with long-term growth of capital while providing current income.

Fees and expenses of the fund This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. In addition to the fees and expenses described below, you may also be required to pay brokerage commissions on purchases and sales of Class F-2, F-3, 529-F-2 or 529-F-3 shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in American Funds. More information about these and other discounts is available from your financial professional, in the “Sales charge reductions and waivers” sections on page 31 of the prospectus and on page 69 of the fund’s statement of additional information, and in the sales charge waiver appendix to this prospectus.

               
Shareholder fees (fees paid directly from your investment)
Share class: A 529-A C and
529-C
529-E T and
529-T
All F and 529-F share classes All R
share
classes
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 5.75% 3.50% none none 2.50% none none
Maximum deferred sales charge (load) (as a percentage of the amount redeemed) 1.001 1.001 1.00% none none none none
Maximum sales charge (load) imposed on reinvested dividends none none none none none none none
Redemption or exchange fees none none none none none none none
               
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Share class: A C T F-1 F-2 F-3 529-A
Management fees 0.37% 0.37% 0.37% 0.37% 0.37% 0.37% 0.37%
Distribution and/or service (12b-1) fees 0.25 1.00 0.25 0.25 none none 0.23
Other expenses2 0.16 0.16 0.15 0.19 0.16 0.05 0.21
Total annual fund operating expenses 0.78 1.53 0.77 0.81 0.53 0.42 0.81
               
Share class: 529-C 529-E 529-T 529-F-1 529-F-2 529-F-3 R-1
Management fees 0.37% 0.37% 0.37% 0.37% 0.37% 0.37% 0.37%
Distribution and/or service (12b-1) fees 1.00 0.50 0.25 0.252 none none 1.00
Other expenses 0.212 0.172 0.212 0.212 0.193 0.113 0.152
Total annual fund operating expenses 1.58 1.04 0.83 0.83 0.56 0.48 1.52
               
Share class: R-2 R-2E R-3 R-4 R-5E R-5 R-6
Management fees 0.37% 0.37% 0.37% 0.37% 0.37% 0.37% 0.37%
Distribution and/or service (12b-1) fees 0.75 0.60 0.50 0.25 none none none
Other expenses2 0.41 0.26 0.20 0.15 0.19 0.10 0.05
Total annual fund operating expenses 1.53 1.23 1.07 0.77 0.56 0.47 0.42

1 A contingent deferred sales charge of 1.00% applies on certain redemptions made within 18 months following purchases of $1 million or more made without an initial sales charge. Contingent deferred sales charge is calculated based on the lesser of the offering price and market value of shares being sold.

2 Restated to reflect current fees.

3 Based on estimated amounts for the current fiscal year.

Capital World Growth and Income Fund / Summary prospectus     1


 
 

 

Example This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same. You may be required to pay brokerage commissions on your purchases and sales of Class F-2, F-3, 529-F-2 or 529-F-3 shares of the fund, which are not reflected in the example. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

                             
Share class: A C T F-1 F-2 F-3 529-A 529-C 529-E 529-T 529-F-1 529-F-2 529-F-3 R-1
1 year $650 $256 $327 $83 $54 $43 $430 $261 $106 $333 $85 $57 $49 $155
3 years 810 483 490 259 170 135 600 499 331 508 265 179 154 480
5 years 983 834 667 450 296 235 784 860 574 699 460 313 269 829
10 years 1,486 1,621 1,180 1,002 665 530 1,317 1,393 1,271 1,250 1,025 701 604 1,813
                       
Share class: R-2 R-2E R-3 R-4 R-5E R-5 R-6 For the share classes listed to the right, you would pay the following if you did not redeem your shares: Share class: C 529-C
1 year $156 $125 $109 $79 $57 $48 $43 1 year $156 $161
3 years 483 390 340 246 179 151 135 3 years 483 499
5 years 834 676 590 428 313 263 235 5 years 834 860
10 years 1,824 1,489 1,306 954 701 591 530 10 years 1,621 1,393

Portfolio turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s investment results. During the most recent fiscal year, the fund’s portfolio turnover rate was 23% of the average value of its portfolio.

Principal investment strategies The fund invests primarily in common stocks of well-established companies located around the world, many of which have the potential to pay dividends. The fund invests, on a global basis, in common stocks that are denominated in U.S. dollars or other currencies. Under normal market circumstances the fund will invest a significant portion of its assets in securities of issuers domiciled outside the United States, including those based in developing countries.

The fund is designed for investors seeking both capital appreciation and income. In pursuing its objective, the fund tends to invest in stocks that the investment adviser believes to be relatively resilient to market declines.

The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.

The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively valued companies that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

2     Capital World Growth and Income Fund / Summary prospectus


 
 

 

Principal risks This section describes the principal risks associated with investing in the fund. You may lose money by investing in the fund. The likelihood of loss may be greater if you invest for a shorter period of time. Investors in the fund should have a long-term perspective and be able to tolerate potentially sharp declines in value.

Market conditions — The prices of, and the income generated by, the common stocks and other securities held by the fund may decline – sometimes rapidly or unpredictably – due to various factors, including events or conditions affecting the general economy or particular industries; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; and currency exchange rate, interest rate and commodity price fluctuations.

Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease) and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund’s investments may be negatively affected by developments in other countries and regions.

Issuer risks — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer’s goods or services, poor management performance, major litigation related to the issuer, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives.

Investing outside the United States — Securities of issuers domiciled outside the United States, or with significant operations or revenues outside the United States, may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers operate or generate revenue. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as nationalization, currency blockage or the imposition of price controls or punitive taxes, each of which could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the United States. Investments outside the United States may also be subject to different accounting practices and different regulatory, legal and reporting standards and practices, and may be more difficult to value, than those in the United States. In addition, the value of investments outside the United States may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund. The risks of investing outside the United States may be heightened in connection with investments in emerging markets.

Capital World Growth and Income Fund / Summary prospectus     3


 
 

 

Investing in emerging markets — Investing in emerging markets may involve risks in addition to and greater than those generally associated with investing in the securities markets of developed countries. For instance, emerging market countries may have less developed legal and accounting systems than those in developed countries. The governments of these countries may be less stable and more likely to impose capital controls, nationalize a company or industry, place restrictions on foreign ownership and on withdrawing sale proceeds of securities from the country, and/or impose punitive taxes that could adversely affect the prices of securities. In addition, the economies of these countries may be dependent on relatively few industries that are more susceptible to local and global changes. Securities markets in these countries can also be relatively small and have substantially lower trading volumes. As a result, securities issued in these countries may be more volatile and less liquid, and may be more difficult to value, than securities issued in countries with more developed economies and/or markets. Less certainty with respect to security valuations may lead to additional challenges and risks in calculating the fund’s net asset value. Additionally, emerging markets are more likely to experience problems with the clearing and settling of trades and the holding of securities by banks, agents and depositories that are less established than those in developed countries.

Investing in growth-oriented stocks — Growth-oriented common stocks and other equity-type securities (such as preferred stocks, convertible preferred stocks and convertible bonds) may involve larger price swings and greater potential for loss than other types of investments.

Investing in income-oriented stocks — The value of the fund’s securities and income provided by the fund may be reduced by changes in the dividend policies of, and the capital resources available for dividend payments at, the companies in which the fund invests.

Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.

Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person. You should consider how this fund fits into your overall investment program.

4     Capital World Growth and Income Fund / Summary prospectus


 
 

 

Investment results The following bar chart shows how the fund’s investment results have varied from year to year, and the following table shows how the fund’s average annual total returns for various periods compare with a broad measure of securities market results and other applicable measures of market results. This information provides some indication of the risks of investing in the fund. The Lipper Global Funds Index includes the fund and other funds that disclose investment objectives and/or strategies reasonably comparable to those of the fund. Past investment results (before and after taxes) are not predictive of future investment results. Prior to October 30, 2020, certain fees, such as 12b-1 fees, were not charged on Class 529-F-1 shares. If these expenses had been deducted, results would have been lower. Investment results for Class 529-F-2 and Class 529-F-3 shares will be shown after these share classes have had annual returns for at least one calendar year. Class 529-F-2 and Class 529-F-3 shares will invest in the same securities as the other share classes of the fund but their results may vary from that of other share classes based on their respective fees and expenses. If expenses of the Class 529-F-2 and Class 529-F-3 are higher, then results would be lower. Updated information on the fund’s investment results can be obtained by visiting capitalgroup.com.

Capital World Growth and Income Fund / Summary prospectus     5


 
 

 

           
Average annual total returns For the periods ended December 31, 2019 (with maximum sales charge):
Share class Inception date 1 year 5 years 10 years Lifetime
A − Before taxes 3/26/1993 18.11% 6.61% 7.81% 10.21%
− After taxes on distributions   17.52 5.45 7.06 N/A
− After taxes on distributions and sale of fund shares 11.30 5.08 6.35 N/A
           
Share classes (before taxes) Inception date 1 year 5 years 10 years Lifetime
C 3/15/2001 23.39% 7.03% 7.76% 8.01%
F-1 3/15/2001 25.27 7.82 8.41 8.36
F-2 8/1/2008 25.61 8.12 8.71 6.97
F-3 1/27/2017 25.74 N/A N/A 11.14
529-A 2/15/2002 20.85 7.02 7.99 8.75
529-C 2/22/2002 23.31 6.97 7.94 8.80
529-E 3/4/2002 24.99 7.55 8.11 8.49
529-F-1 9/17/2002 25.54 8.03 8.61 10.10
R-1 6/7/2002 24.38 7.04 7.62 8.09
R-2 6/7/2002 24.34 7.05 7.63 8.09
R-2E 8/29/2014 24.71 7.38 N/A 6.39
R-3 6/6/2002 24.93 7.53 8.11 8.53
R-4 6/27/2002 25.32 7.85 8.43 9.27
R-5E 11/20/2015 25.56 N/A N/A 9.62
R-5 5/15/2002 25.68 8.18 8.76 9.00
R-6 5/1/2009 25.73 8.22 8.81 11.27
         
Indexes 1 year 5 years 10 years Lifetime
(from Class A inception)
MSCI® All Country World Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes) 26.60% 8.41% 8.79% 7.57%
Lipper Global Funds Index (reflects no deductions for sales charges, account fees or U.S. federal income taxes) 24.55 7.73 8.41 7.56
Class A annualized 30-day yield at May 31, 2020: 1.42%
(For current yield information, please call American FundsLine® at (800) 325-3590.)

After-tax returns are shown only for Class A shares; after-tax returns for other share classes will vary. After-tax returns are calculated using the highest individual federal income tax rates in effect during each year of the periods shown and do not reflect the impact of state and local taxes. Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above. In addition, after-tax returns are not relevant if you hold your fund shares through a tax-favored arrangement, such as a 401(k) plan, individual retirement account (IRA) or 529 college savings plan.

6     Capital World Growth and Income Fund / Summary prospectus


 
 

 

Management

Investment adviser Capital Research and Management CompanySM
Portfolio managers The individuals primarily responsible for the portfolio management of the fund are:

     
Portfolio manager/
Fund title (if applicable)
Portfolio
manager
experience
in this fund
Primary title
with investment adviser
Sung Lee Co-President and Trustee 14 years Partner – Capital Research Global Investors
Michael Cohen Co-President 9 years Partner – Capital World Investors
Alfonso Barroso Senior Vice President 14 years Partner – Capital Research Global Investors
Jeremy Burge Senior Vice President 1 year Partner – Capital World Investors
Joyce E. Gordon Senior Vice President 13 years Partner – Capital Research Global Investors
Leo Hee Senior Vice President 2 years Partner – Capital World Investors
Jin Lee Senior Vice President 2 years Partner – Capital World Investors
David M. Riley Senior Vice President 14 years Partner – Capital Research Global Investors
Alex Sheynkman Senior Vice President 7 years Partner – Capital Research Global Investors

Purchase and sale of fund shares The minimum amount to establish an account for all share classes is normally $250 and the minimum to add to an account is $50. For a payroll deduction retirement plan account, payroll deduction savings plan account or employer-sponsored 529 account, the minimum is $25 to establish or add to an account. For accounts with Class F-3 shares held and serviced by the fund’s transfer agent, the minimum investment amount is $1 million.

If you are a retail investor, you may sell (redeem) shares on any business day through your dealer or financial professional or by writing to American Funds Service Company® at P.O. Box 6007, Indianapolis, Indiana 46206-6007; telephoning American Funds Service Company at (800) 421-4225; faxing American Funds Service Company at (888) 421-4351; or accessing our website at capitalgroup.com. Please contact your plan administrator or recordkeeper to sell (redeem) shares from your retirement plan.

Tax information Dividends and capital gain distributions you receive from the fund are subject to federal income taxes and may also be subject to state and local taxes, unless you are tax-exempt or your account is tax-favored.

Payments to broker-dealers and other financial intermediaries If you purchase shares of the fund through a broker-dealer or other financial intermediary (such as a bank), the fund and the fund’s distributor or its affiliates may pay the intermediary for the sale of fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your individual financial professional to recommend the fund over another investment. Ask your individual financial professional or visit your financial intermediary’s website for more information.

Capital World Growth and Income Fund / Summary prospectus     7


 
 

 

Notes

8     Capital World Growth and Income Fund / Summary prospectus


 
 

 

Notes

Capital World Growth and Income Fund / Summary prospectus     9


 
 

 

 

   
You can access the fund’s statutory prospectus or SAI at capitalgroup.com/prospectus.
MFGEIPX-033-1020P
Litho in USA CGD/DFS/8022
Investment Company File No. 811-07338


 

 

Summary Prospectus Amendment

 

 

October 30, 2020

 

 

 

 

For the following funds and series with summary prospectuses dated November 1, 2019 – October 1, 2020
(as supplemented to date):

AMCAP Fund®

American Balanced Fund®

American Funds Corporate Bond Fund®

American Funds Developing World Growth and Income FundSM

American Funds Emerging Markets Bond Fund®

American Funds Global Balanced FundSM

American Funds Global Insight FundSM

American Funds Inflation Linked Bond Fund®

American Funds International Vantage FundSM
American Funds Multi-Sector Income FundSM

American Funds Strategic Bond FundSM

American Funds U.S. Government Money Market FundSM

American High-Income Trust®

American Mutual Fund®

The Bond Fund of America®

Capital Income Builder®

Capital World Bond Fund®

Capital World Growth and Income Fund®

EuroPacific Growth Fund®

Fundamental Investors®

The Income Fund of America®

International Growth and Income FundSM

The Investment Company of America®

The New Economy Fund®

New Perspective Fund®

New World Fund®

SMALLCAP World Fund®

Washington Mutual Investors FundSM

American Funds College Target Date Series®

American Funds College 2036 FundSM

American Funds College 2033 Fund®

American Funds College 2030 Fund®

American Funds College 2027 Fund®
American Funds College 2024 Fund®

American Funds College 2021 Fund®

American Funds College Enrollment Fund®

 

American Funds Portfolio SeriesSM
American Funds Global Growth PortfolioSM
American Funds Growth PortfolioSM
American Funds Growth and Income PortfolioSM
American Funds Moderate Growth and Income PortfolioSM
American Funds Conservative Growth and Income PortfolioSM
American Funds Preservation PortfolioSM

 

Changes apply to all funds and series unless otherwise noted.

 

 

 

 

 

  

Keep this amendment with your summary prospectus. Each fund’s summary prospectus consists of this amendment and the fund’s summary prospectus, as supplemented to date (which is incorporated herein by reference). For additional information about a fund, you should refer to its prospectus and statement of additional information, in each case as supplemented to date, except where specific information is provided in this amendment, in which case the disclosure provided in this amendment is controlling.

 
 

On October 30, 2020, the funds listed on the cover of this amendment expect to issue new classes of shares - Class 529-F-2, 529-F-3 and/or ABLE-F-2 - which will generally be available only through an account established with a 529 college savings plan or an ABLE savings plan managed by the Capital Research and Management Company. Effective October 30, 2020, Class 529-F-1 shares will be converted automatically to Class 529-F-2 shares. You are receiving this amendment because you hold Class 529-F-1 shares of one or more of the funds listed on the cover of this amendment.

 

1. The following replaces the second sentence in the first paragraph of the “Fees and expenses of the fund” section of the summary prospectus for all of the funds listed above (other than American Funds U.S. Government Money Market Fund and funds within the American Funds College Target Date Series and American Funds Portfolio Series) to read as follows:

In addition to the fees and expenses described below, you may also be required to pay brokerage commissions on purchases and sales of Class F-2, F-3, 529-F-2 or 529-F-3 shares of the fund.

2. In the third paragraph of the “Fees and expenses of the fund” section of the summary prospectus for all of the funds listed above (other than American Funds U.S. Government Money Market Fund and funds within the American Funds College Target Date Series and American Funds Portfolio Series), replace the following sentences:

You may be required to pay brokerage commissions on your purchases and sales of Class F-2, F-3 or 529-F-1 shares of the fund, which are not reflected in the example.

Or

You may be required to pay brokerage commissions on your purchases and sales of Class F-2, F-3, 529-F-1, 529-F-2 or 529-F-3 shares of the fund, which are not reflected in the example.

With:

You may be required to pay brokerage commissions on your purchases and sales of Class F-2, F-3, 529-F-2 or 529-F-3 shares of the fund, which are not reflected in the example.

 

3. The following replaces the second sentence in the first paragraph of the “Fees and expenses of the fund” section of the summary prospectus for each of the funds within the American Funds College Target Date Series to read as follows:

In addition to the fees and expenses described below, you may also be required to pay brokerage commissions on purchases and sales of Class 529-F-2 or 529-F-3 shares of the fund.

 

4. In the third paragraph of the “Fees and expenses of the fund” section of the summary prospectus for each of the funds within the American Funds College Target Date Series, replace the following sentence:

You may be required to pay brokerage commissions on your purchases and sales of Class 529-F-1 shares of the fund, which are not reflected in the example.

With:

You may be required to pay brokerage commissions on your purchases and sales of Class 529-F-2 or 529-F-3 shares of the fund, which are not reflected in the example.

 

5. The following replaces the second sentence in the first paragraph of the “Fees and expenses of the fund” section of the summary prospectus for American Funds U.S. Government Money Market Fund and funds within the American Funds Portfolio Series listed above to read as follows:

In addition to the fees and expenses described below, you may also be required to pay brokerage commissions on purchases and sales of Class F-2, F-3, 529-F-2, 529-F-3 or ABLE-F-2 shares of the fund.

 

6. In the third paragraph of the “Fees and expenses of the fund” section of the summary prospectus for American Funds U.S. Government Money Market Fund and funds within the American Funds Portfolio Series listed above, replace the following sentence:


You may be required to pay brokerage commissions on your purchases and sales of Class F-2, F-3 or 529-F-1 shares of the fund, which are not reflected in the example.

With:

You may be required to pay brokerage commissions on your purchases and sales of Class F-2, F-3, 529-F-2, 529-F-3 or ABLE-F-2 shares of the fund, which are not reflected in the example.

 
 

7. The “Fees and expenses of the fund” section of the summary prospectus for each of the funds listed below is amended by (i) replacing the columns captioned “529-F-1,” “529-F-2,” or “529-F-3” in the “Annual fund operating expenses” table with the corresponding columns set forth below and (ii) replacing the columns captioned “529-F-1,” “529-F-2,” or “529-F-3” in the cumulative estimated expense example table under the heading “Example” with the corresponding column set forth below. All other information in the “Annual fund operating expenses” and cumulative estimated expense example tables for all other share classes remain unchanged. Except as indicated below, footnotes to the “Annual fund operating expenses” table in the summary prospectus remain unchanged.

 

AMCAP Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3  
Management fees 0.30% 0.30% 0.30%  
Distribution and/or service (12b-1) fees 0.252 none none  
Other expenses 0.192 0.173 0.103  
Total annual fund operating expenses 0.74 0.47 0.40  
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2
1 year $76 $48
3 years 237 151
5 years 411 263
10 years 918 591

 

American Funds Corporate Bond Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3  
Management fees2 0.38% 0.38% 0.38%  
Distribution and/or service (12b-1) fees 0.252 none none  
Other expenses 0.26 0.224 0.164  
Total annual fund operating expenses 0.89 0.60 0.54  
Expense reimbursement3 0.04 0.04 0.04  
Total annual fund operating expenses after expense reimbursement 0.85 0.56 0.50  
3 The investment adviser is currently reimbursing a portion of the other expenses for each share class. This reimbursement will be in effect through at least October 30, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
  4 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-3
1 year $87 $51
3 years 280 169
5 years 489 298
10 years 1,092 673

 

American Funds Multi-Sector Income Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
 
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.44% 0.44% 0.44%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.282 0.274 0.194
Total annual fund operating expenses 0.97 0.71 0.63
Expense reimbursement3 0.05 0.05 0.05
Total annual fund operating expenses after expense reimbursement 0.92 0.66 0.58
         
3 The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least October 30, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
  4 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2
1 year $94 $67
3 years 304 222
5 years 531 390
10 years 1,185 878

 

EuroPacific Growth Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3  
Management fees 0.41% 0.41% 0.41%  
Distribution and/or service (12b-1) fees 0.252 none none  
Other expenses 0.222 0.213 0.123  
Total annual fund operating expenses 0.88 0.62 0.53  
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2
1 year $90 $63
3 years 281 199
5 years 488 346
10 years 1,084 774
 
 

 

The Income Fund of America

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1
Management fees 0.22%
Distribution and/or service (12b-1) fees 0.253
Other expenses 0.16
Total annual fund operating expenses 0.63
  3 Restated to reflect current fees.

 

Share class: 529-F-1
1 year $64
3 years 202
5 years 351
10 years 786

 

International Growth and Income Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3  
Management fees 0.48% 0.48% 0.48%  
Distribution and/or service (12b-1) fees 0.251 none none  
Other expenses 0.24 0.192 0.122  
Total annual fund operating expenses 0.97 0.67 0.60  
1 Restated to reflect current fees.
  2 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $99 $68 $61
3 years 309 214 192
5 years 536 373 335
10 years 1,190 835 750

 

Washington Mutual Investors Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3  
Management fees 0.23% 0.23% 0.23%  
Distribution and/or service (12b-1) fees 0.251 none none  
Other expenses 0.16 0.152 0.102  
Total annual fund operating expenses 0.64 0.38 0.33  
1 Restated to reflect current fees.
  2 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $65 $39 $34
3 years 205 122 106
5 years 357 213 185
10 years 798 480 418

 

8. The “Fees and expenses of the fund” section of the summary prospectus for each of the funds listed below is amended by (i) supplementing the “Annual fund operating expenses” table by replacing the column captioned “529-F-1” and adding columns captioned “529-F-2” and “529-F-3” set forth below, and (ii) supplementing the cumulative estimated expense example table under the heading “Example” by replacing the column captioned “529-F-1” and adding the columns captioned “529-F-2” and “529-F-3” set forth below. All other information in the “Annual fund operating expenses” and cumulative estimated expense example tables for all other share classes remain unchanged. Except as indicated below, footnotes to the “Annual fund operating expenses” table in the summary prospectus remain unchanged.

American Balanced Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3  
Management fees 0.22% 0.22% 0.22%  
Distribution and/or service (12b-1) fees 0.252 none none  
Other expenses 0.172 0.163 0.103  
Total annual fund operating expenses 0.64 0.38 0.32  
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $65 $39 $33
3 years 205 122 103
5 years 357 213 180
10 years 798 480 406

 

 

American Funds Developing World Growth and Income Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.74% 0.74% 0.74%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.362 0.254 0.194
Total annual fund operating expenses 1.35 0.99 0.93
3 The fund’s transfer agent is currently waiving a portion of the other expenses. This waiver will be in effect through at least October 30, 2021. The transfer agent may elect at its discretion to extend, modify or terminate the waiver at that time.
  4 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $137 $101 $95
3 years 428 315 296
5 years 739 547 515
10 years 1,624 1,213 1,143
 
 

 

 

American Funds Emerging Markets Bond Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees2 0.55% 0.55% 0.55%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.282 0.255 0.185
Total annual fund operating expenses 1.08 0.80 0.73
Fee waiver and/or expense reimbursement3 0.02 0.02 0.02
Total annual fund operating expenses after fee waiver and/or expense reimbursement 1.06 0.78 0.71
3 The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least October 30, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
  4 The fund’s transfer agent is currently waiving a portion of the other expenses. This waiver will be in effect through at least October 30, 2021. The transfer agent may elect at its discretion to extend, modify or terminate the waiver at that time.
  5 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $108 $80 $73
3 years 341 253 231
5 years 594 442 404
10 years 1,315 988 905

 

American Funds Global Balanced Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.44% 0.44% 0.44%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.202 0.173 0.113
Total annual fund operating expenses 0.89 0.61 0.55
3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $91 $62 $56
3 years 284 195 176
5 years 493 340 307
10 years 1,096 762 689

 

American Funds Global Insight Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.52% 0.52% 0.52%
Distribution and/or service (12b-1) fees 0.253 none none
Other expenses2 0.21 0.20 0.12
Total annual fund operating expenses 0.98 0.72 0.64
  3 Restated to reflect current fees.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $100 $74 $65
3 years 312 230 205
5 years 542 401 357
10 years 1,201 894 798

 

American Funds Inflation Linked Bond Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.28% 0.28% 0.28%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.202 0.174 0.114
Total annual fund operating expenses 0.73 0.45 0.39
3 The fund’s transfer agent is currently waiving a portion of the other expenses. This waiver will be in effect through at least October 30, 2021. The transfer agent may elect at its discretion to extend, modify or terminate the waiver at that time.
  4 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $75 $46 $40
3 years 233 144 125
5 years 406 252 219
10 years 906 567 493

 

American Funds International Vantage Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.60% 0.60% 0.60%
Distribution and/or service (12b-1) fees 0.254 none none
Other expenses2 0.23 0.21 0.13
Total annual fund operating expenses 1.08 0.81 0.73
  4 Restated to reflect current fees.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $110 $83 $75
3 years 343 259 233
5 years 595 450 406
10 years 1,317 1,002 906
 
 

 

 

American Funds Strategic Bond Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.36% 0.36% 0.36%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.252 0.205 0.155
Total annual fund operating expenses 0.86 0.56 0.51
Fee waiver and/or expense reimbursement3 0.03 0.03 0.03
Total annual fund operating expenses after fee waiver and/or expense reimbursement 0.83 0.53 0.48
3 The investment adviser is currently reimbursing a portion of the other expenses and waiving a portion of its management fees. The reimbursement and waiver will be in effect through at least October 30, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement or waiver at that time. The fund’s board of trustees will consider the management fee reduction in connection with the next assessment of the Investment Advisory and Service Agreement with the fund’s investment adviser.
  4 The fund’s transfer agent is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least October 30, 2021. The transfer agent may elect at its discretion to extend, modify or terminate the reimbursement at that time.
  5 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $85 $54 $49
3 years 271 176 161
5 years 474 310 282
10 years 1,058 699 638

 

American High-Income Trust

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.29% 0.29% 0.29%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.232 0.193 0.113
Total annual fund operating expenses 0.77 0.48 0.40
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $79 $49 $41
3 years 246 154 128
5 years 428 269 224
10 years 954 604 505

 

American Mutual Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3  
Management fees 0.24% 0.24% 0.24%  
Distribution and/or service (12b-1) fees 0.252 none none  
Other expenses 0.172 0.153 0. 103  
Total annual fund operating expenses 0.66 0.39 0.34  
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $67 $40 $35
3 years 211 125 109
5 years 368 219 191
10 years 822 493 431

 

The Bond Fund of America

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.19% 0.19% 0.19%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.222 0.183 0.103
Total annual fund operating expenses 0.66 0.37 0.29
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $67 $38 $30
3 years 211 119 93
5 years 368 208 163
10 years 822 468 368

 

Capital Income Builder

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.23% 0.23% 0.23%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.182 0.153 0.103
Total annual fund operating expenses 0.66 0.38 0.33
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $67 $39 $34
3 years 211 122 106
5 years 368 213 185
10 years 822 480 418
 
 

 

 

Capital World Bond Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.43% 0.43% 0.43%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.302 0.233 0.123
Total annual fund operating expenses 0.98 0.66 0.55
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $100 $67 $56
3 years 312 211 176
5 years 542 368 307
10 years 1,201 822 689

 

Capital World Growth and Income Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.37% 0.37% 0.37%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.212 0.193 0.113
Total annual fund operating expenses 0.83 0.56 0.48
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $85 $57 $49
3 years 265 179 154
5 years 460 313 269
10 years 1,025 701 604

 

Fundamental Investors

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.24% 0.24% 0.24%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.182 0.163 0.103
Total annual fund operating expenses 0.67 0.40 0.34
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $68 $41 $35
3 years 214 128 109
5 years 373 224 191
10 years 835 505 431

 

The Investment Company of America

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.23% 0.23% 0.23%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.172 0.163 0.103
Total annual fund operating expenses 0.65 0.39 0.33
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $66 $ 40 $ 34
3 years 208 125 106
5 years 362 219 185
10 years 810 493 418

 

The New Economy Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.38% 0.38% 0.38%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.222 0.203 0.113
Total annual fund operating expenses 0.85 0.58 0.49
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $87 $59 $50
3 years 271 186 157
5 years 471 324 274
10 years 1,049 726 616

 

New Perspective Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.37% 0.37% 0.37%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.202 0.183 0.113
Total annual fund operating expenses 0.82 0.55 0.48
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $84 $56 $49
3 years 262 176 154
5 years 455 307 269
10 years 1,014 689 604
 
 

 

 

New World Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.52% 0.52% 0.52%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.302 0.253 0.143
Total annual fund operating expenses 1.07 0.77 0.66
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $109 $ 79 $  67
3 years 340 246 211
5 years 590 428 368
10 years 1,306 954 822

 

SMALLCAP World Fund

Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
Share class: 529-F-1 529-F-2 529-F-3
Management fees 0.62% 0.62% 0.62%
Distribution and/or service (12b-1) fees 0.252 none none
Other expenses 0.252 0.203 0.123
Total annual fund operating expenses 1.12 0.82 0.74
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $114 $84 $76
3 years 356 262 237
5 years 617 455 411
10 years 1,363 1,014 918

 

American Funds College 2036 Fund

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

 
Share class: 529-F-1 529-F-2 529-F-3
Management fees none none none
Distribution and/or service (12b-1) fees 0.25%2 none none
Other expenses 0.20 0.20%3 0.10%3
Acquired (underlying) fund fees and expenses2 0.40 0.40 0.40
Total annual fund operating expenses 0.85 0.60 0.50
         
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $87 $61 $51
3 years 271 192 160
5 years 471 335 280
10 years 1,049 750 628

 

American Funds College 2033 Fund

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

 
Share class: 529-F-1 529-F-2 529-F-3
Management fees none none none
Distribution and/or service (12b-1) fees 0.25%2 none none
Other expenses 0.19 0.18%3 0.08%3
Acquired (underlying) fund fees and expenses2 0.36 0.36 0.36
Total annual fund operating expenses 0.80 0.54 0.44
         
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $82 $55 $45
3 years 255 173 141
5 years 444 302 246
10 years 990 677 555

 

American Funds College 2030 Fund

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3
Management fees none none none
Distribution and/or service (12b-1) fees 0.25%2 none none
Other expenses 0.19 0.17%3 0.08%3
Acquired (underlying) fund fees and expenses2 0.33 0.33 0.33
Total annual fund operating expenses 0.77 0.50 0.41
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $79 $51 $42
3 years 246 160 132
5 years 428 280 230
10 years 954 628 518
 
 

 

 

American Funds College 2027 Fund

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3
Management fees none none none
Distribution and/or service (12b-1) fees 0.25%2 none none
Other expenses 0.19 0.17%3 0.07%3
Acquired (underlying) fund fees and expenses2 0.28 0.28 0.28
Total annual fund operating expenses 0.72 0.45 0.35
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $74 $46 $36
3 years 230 144 113
5 years 401 252 197
10 years 894 567 443

 

American Funds College 2024 Fund

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3
Management fees none none none
Distribution and/or service (12b-1) fees 0.25%2 none none
Other expenses 0.18 0.17%3 0.07%3
Acquired (underlying) fund fees and expenses2 0.27 0.27 0.27
Total annual fund operating expenses 0.70 0.44 0.34
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $72 $45 $35
3 years 224 141 109
5 years 390 246 191
10 years 871 555 431

 

American Funds College 2021 Fund

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3
Management fees none none none
Distribution and/or service (12b-1) fees 0.25%2 none none
Other expenses 0.19 0.17%3 0.07%3
Acquired (underlying) fund fees and expenses2 0.30 0.30 0.30
Total annual fund operating expenses 0.74 0.47 0.37
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $76 $48 $38
3 years 237 151 119
5 years 411 263 208
10 years 918 591 468

 

American Funds College Enrollment Fund

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3
Management fees none none none
Distribution and/or service (12b-1) fees 0.25%2 none none
Other expenses 0.19 0.17%3 0.07%3
Acquired (underlying) fund fees and expenses2 0.30 0.30 0.30
Total annual fund operating expenses 0.74 0.47 0.37
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3
1 year $76 $48 $38
3 years 237 151 119
5 years 411 263 208
10 years 918 591 468
 
 

 

9. The “Fees and expenses of the fund” section of the summary prospectus for each of the funds listed below is amended by (i) supplementing the “Annual fund operating expenses” table by replacing the column captioned “529-F-1” and adding the columns captioned “529-F-2”, “529-F-3”, and “ABLE-F-2” set forth below and (ii) supplementing the cumulative estimated expense example table under the heading “Example” by replacing the column captioned “529-F-1” and adding the columns captioned “529-F-2”, “529-F-3”, and “ABLE-F-2” set forth below. All other information in the “Annual fund operating expenses” and cumulative estimated expense example tables for all other share classes remain unchanged. Except as indicated below, footnotes to the “Annual fund operating expenses” table in the summary prospectus remain unchanged.

American Funds U.S. Government Money Market Fund

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3 ABLE-F-2
Management fees 0.27% 0.27% 0.27% 0.27%
Distribution and/or service (12b-1) fees 0.251 none none none
Other expenses 0.181 0.203 0.103 0.153
Total annual fund operating expenses 0.70 0.47 0.37 0.42
Fee waiver 0.062
Total annual fund operating expenses after fee waiver 0.70 0.47 0.37 0.36
  2 Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least October 30, 2021. Subject to the terms of its contractual arrangement with the investment adviser, Virginia529 may elect to extend, modify or terminate the waiver at that time.
  3 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3 ABLE-F-2
1 year $72 $48 $38 $37
3 years 224 151 119 129
5 years 390 263 208 229
10 years 871 591 468 524

 

American Funds Global Growth Portfolio

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3 ABLE-F-2
Management fees none none none none
Distribution and/or service (12b-1) fees 0.25%2 none none none
Other expenses 0.20 0.18%4 0.08%4 0.13%4
Acquired (underlying) fund fees and expenses2 0.42 0.42 0.42 0.42
Total annual fund operating expenses 0.87 0.60 0.50 0.55
Fee waiver 0.063
Total annual fund operating expenses after fee waiver 0.87 0.60 0.50 0.49
  4 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3 ABLE F-2
1 year $89 $61 $51 $50
3 years 278 192 160 170
5 years 482 335 280 301
10 years 1,073 750 628 684

 

American Funds Growth Portfolio

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3 ABLE-F-2
Management fees none none none none
Distribution and/or service (12b-1) fees 0.25%2 none none none
Other expenses 0.192 0.17%4 0.08%4 0.12%4
Acquired (underlying) fund fees and expenses2 0.36 0.36 0.36 0.36
Total annual fund operating expenses 0.80 0.53 0.44 0.48
Fee waiver 0.063
Total annual fund operating expenses after fee waiver 0.80 0.53 0.44 0.42
  4 Based on estimated amounts for the current fiscal year.
 
 

 

 

Share class: 529-F-1 529-F-2 529-F-3 ABLE F-2
1 year $82 $54 $45 $43
3 years 255 170 141 148
5 years 444 296 246 263
10 years 990 665 555 598

 

American Funds Growth and Income Portfolio

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3 ABLE-F-2
Management fees none none none none
Distribution and/or service (12b-1) fees 0.25%2 none none none
Other expenses 0.15 0.14%4 0.08%4 0.10%4
Acquired (underlying) fund fees and expenses2 0.31 0.31 0.31 0.31
Total annual fund operating expenses 0.71 0.45 0.39 0.41
Fee waiver 0.063
Total annual fund operating expenses after fee waiver 0.71 0.45 0.39 0.35
  4 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3 ABLE F-2
1 year $73 $46 $40 $36
3 years 227 144 125 126
5 years 395 252 219 224
10 years 883 567 493 512

 

American Funds Moderate Growth and Income Portfolio

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3 ABLE-F-2
Management fees none none none none
Distribution and/or service (12b-1) fees 0.25%2 none none none
Other expenses 0.13 0.13%4 0.08%4 0.10%4
Acquired (underlying) fund fees and expenses2 0.35 0.35 0.35 0.35
Total annual fund operating expenses 0.73 0.48 0.43 0.45
Fee waiver 0.063
Total annual fund operating expenses after fee waiver 0.73 0.48 0.43 0.39
  4 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3 ABLE F-2
1 year $75 $49 $44 $40
3 years 233 154 138 138
5 years 406 269 241 246
10 years 906 604 542 561

 

American Funds Conservative Growth and Income Portfolio

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3 ABLE-F-2
Management fees none none none none
Distribution and/or service (12b-1) fees 0.25%2 none none none
Other expenses 0.12 0.13%4 0.08%4 0.09%4
Acquired (underlying) fund fees and expenses2 0.27 0.27 0.27 0.27
Total annual fund operating expenses 0.64 0.40 0.35 0.36
Fee waiver 0.063
Total annual fund operating expenses after fee waiver 0.64 0.40 0.35 0.30
  4 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3 ABLE F-2
1 year $65 $41 $36 $31
3 years 205 128 113 110
5 years 357 224 197 196
10 years 798 505 443 450
 
 

American Funds Preservation Portfolio

Annual fund operating expenses

(expenses that you pay each year as a percentage of the value of your investment)

Share class: 529-F-1 529-F-2 529-F-3 ABLE-F-2
Management fees none none none none
Distribution and/or service (12b-1) fees 0.25%2 none none none
Other expenses 0.17 0.15%5 0.09%5 0.11%5
Acquired (underlying) fund fees and expenses2 0.28 0.28 0.28 0.28
Total annual fund operating expenses 0.70 0.43 0.37 0.39
Fee waiver 0.063
Total annual fund operating expenses after fee waiver 0.70 0.43 0.37 0.33
  3 Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least October 30, 2021. Subject to the terms of its contractual arrangement with the investment adviser, Virginia529 may elect to extend, modify or terminate the waiver at that time.
  4 The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least October 30, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
  5 Based on estimated amounts for the current fiscal year.

 

Share class: 529-F-1 529-F-2 529-F-3 ABLE F-2
1 year $72 $44 $38 $34
3 years 224 138 119 119
5 years 390 241 208 213
10 years 871 542 468 487

 

10. The following is added before the last sentence in the paragraph under the “Investment results” section of the summary prospectus for each of the funds listed above (other than American Funds U.S. Government Money Market Fund and funds within the American Funds Portfolio Series), and at the end of the paragraph under the “Investment results” section of the summary prospectus for American Funds Multi-Sector Income Fund, to read as follows:

Prior to October 30, 2020, certain fees, such as 12b-1 fees, were not charged on Class 529-F-1 shares. If these expenses had been deducted, results would have been lower. Investment results for Class 529-F-2 and Class 529-F-3 shares will be shown after these share classes have had annual returns for at least one calendar year. Class 529-F-2 and Class 529-F-3 shares will invest in the same securities as the other share classes of the fund but their results may vary from that of other share classes based on their respective fees and expenses. If expenses of the Class 529-F-2 and Class 529-F-3 are higher, then results would be lower.

11. The following is added before the last sentence in the paragraph under the “Investment results” section of the summary prospectus for American Funds U.S. Government Money Market Fund and funds within the American Funds Portfolio Series to read as follows:

Prior to October 30, 2020, certain fees, such as 12b-1 fees, were not charged on Class 529-F-1 shares. If these expenses had been deducted, results would have been lower. Investment results for Class 529-F-2, Class 529-F-3 and Class ABLE-F-2 shares will be shown after these share classes have had annual returns for at least one calendar year. Class 529-F-2, Class 529-F-3 shares and Class ABLE-F-2 shares will invest in the same securities as the other share classes of the fund but their results may vary from that of other share classes based on their respective fees and expenses. If expenses of the Class 529-F-2, Class 529-F-3 and/or Class ABLE-F-2 are higher, then results would be lower.

 

 

 

Keep this supplement with your summary prospectus.

 

 

 

 

 

 

 

 

 

 

 

 

Lit. No. MFGEBS-436-1020P     Litho in USA     CGD/CF/10039-S81907

 

 

THE FUND MAKES AVAILABLE A SPANISH TRANSLATION OF THE ATTACHED SUMMARY PROSPECTUS AND SUMMARY PROSPECTUS SUPPLEMENT IN CONNECTION WITH THE PUBLIC OFFERING AND SALE OF ITS SHARES. THE ATTACHED ENGLISH LANGUAGE SUMMARY PROSPECTUS AND SUMMARY PROSPECTUS SUPPLEMENT ARE A FAIR AND ACCURATE REPRESENTATION OF THE SPANISH EQUIVALENT.

 

/s/ MICHAEL W. STOCKTON
  MICHAEL W. STOCKTON
  SECRETARY