Quarterly Statistical Update - American Funds: Retirement ...

Quarterly Statistical Update

December 31, 2021

This update must be used (until superseded) with any American Funds, ABLEAmerica, and CollegeAmerica? sales materials that include investment results for periods ended before the date shown. As a practical matter, financial advisors should consider including this update with all American Funds, ABLEAmerica, and CollegeAmerica sales literature. This material may be photocopied. Investment results updated monthly, and daily share price information, are available at .

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, summary prospectuses, CollegeAmerica Program Description and ABLEAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica and ABLEAmerica are distributed by American Funds Distributors, Inc. and sold through unaffiliated intermediaries. You could lose money by investing in American Funds U.S. Government Money Market Fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An 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. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will do so at any time. Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits not available through CollegeAmerica (such as financial aid, scholarship funds and protection from creditors) or ABLEAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. CollegeAmerica and ABLEAmerica are nationwide plans sponsored by Virginia529SM. Income from municipal bonds may be subject to state or local income taxes and/or the federal alternative minimum tax. Certain other income, as well as capital gain distributions, may be taxable. Allocations may not achieve investment objectives. The portfolios' risks are directly related to the risks of the underlying funds. American Funds International Vantage Fund began investment operations on 4/1/2011, but was only available to a limited number of investors. Now available on the American Funds platform, the reorganized funds have adopted the results and financial history of the original funds. American Funds Global Insight Fund began investment operations on 4/1/2011, but was only available to a limited number of investors. Now available on the American Funds platform, the reorganized funds have adopted the results and financial history of the original funds. State-specific tax-exempt funds are more susceptible to factors adversely affecting issuers of their states' tax-exempt securities than more widely diversified municipal bond funds. Small-company stocks entail additional risks, and they can fluctuate in price more than larger company stocks. Diversification does not eliminate the risks of investing; losses are possible in diversified portfolios. Fund shares of U.S. Government Securities Fund are not guaranteed by the U.S. government. Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries. While not directly correlated to changes in interest rates, the values of inflation-linked bonds generally fluctuate in response to changes in real interest rates and may experience greater losses than other debt securities with similar durations. Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds. The value of fixed income securities may be affected by changing interest rates and changes in credit ratings of the securities. American Funds Strategic Bond Fund may engage in frequent and active trading of its portfolio securities, which may involve correspondingly greater transaction costs, adversely affecting the fund's results. The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds. The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. Investments in mortgage-related securities involve additional risks, such as prepayment risk. Each target date portfolio is composed of a mix of underlying funds and is subject to the risks and returns of those funds. Underlying funds may be added or removed during the year. Although the target date portfolios are managed for investors on a projected retirement date time frame, the allocation strategy does not guarantee that investors' retirement goals will be met. The target date is the year that corresponds roughly to the year in which an investor is assumed to retire and begin taking withdrawals. Investment professionals manage the portfolio, moving it from a more growth-oriented strategy to a more income-oriented focus as the target date gets closer. Investment professionals continue to manage each portfolio for approximately 30 years after it reaches its target date. The Retirement Income Portfolio Series' investment allocations may not achieve fund objectives, and adequate income through retirement is not guaranteed. The portfolios' risks are directly related to the risks of the underlying funds. Payments consisting of return of capital will result in a decrease in an investor's fund share balance. Higher rates of withdrawal and withdrawals during declining markets may result in a more rapid decrease in an investor's fund share balance. Persistent returns of capital could ultimately result in a zero account balance. Investment professionals gradually adjust the portfolio over time so that it becomes more preservation-oriented. The allocation strategy does not guarantee that investors' education savings goals will be met. The target date is the year that corresponds roughly to the year in which the beneficiary is expected to begin taking withdrawals. Investors and their financial professionals should periodically evaluate their investment to determine whether it continues to meet their needs.

Please see important information about risks, fee waivers and expense reimbursements, beginning on page 26.

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. Prices and returns will vary, so investors may lose money. For current information and month-end results, visit .

Returns will vary, so investors may lose money. (American Funds U.S. Government Money Market Fund)

Returns shown at net asset value (NAV) have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at maximum offering price (MOP) for Class A, 529-A and ABLE-A shares reflect deduction of the maximum sales charge of 5.75% (A shares)/3.50% (529-A and ABLE-A shares) for equity, Target Date, Retirement Income and most Portfolio Series funds; 4.25% (A shares)/3.50% (529-A and ABLE-A shares) for most College Target Date funds; 3.75% (A shares)/3.50% (529-A and ABLE-A shares) for most fixed income funds, American Funds Tax-Aware Conservative Growth and Income Portfolio; and 2.50% for American Funds Inflation Linked Bond Fund, Intermediate Bond Fund of America, Limited Term Tax-Exempt Bond Fund of America, Short-Term Bond Fund of America, American Funds Short-Term Tax-Exempt Bond Fund, American Funds Preservation Portfolio, American Funds Tax-Exempt Preservation Portfolio and College Enrollment Fund.

For money market funds, the annualized 7-day SEC yield more accurately reflects the fund's current earnings than does the fund's return.

Class A Shares1,2,3

Returns as of 12/31/21

Growth AMCAP Fund? American Funds Global Insight FundSM American Funds International Vantage FundSM EuroPacific Growth Fund? The Growth Fund of America? The New Economy Fund? New Perspective Fund? New World Fund? SMALLCAP World Fund? Growth and Income American Funds Developing World Growth and Income FundSM American Mutual Fund? Capital World Growth and Income Fund? Fundamental Investors? International Growth and Income FundSM The Investment Company of America? Washington Mutual Investors FundSM Equity Income Capital Income Builder? The Income Fund of America? Balanced American Balanced Fund? American Funds Global Balanced FundSM Bond American Funds Corporate Bond Fund? American Funds Emerging Markets Bond Fund? American Funds Inflation Linked Bond Fund? American Funds Mortgage Fund? American Funds Multi-Sector Income FundSM American Funds Strategic Bond FundSM American High-Income Trust? The Bond Fund of America? Capital World Bond Fund? Intermediate Bond Fund of America? Short-Term Bond Fund of America? U.S. Government Securities Fund? Tax-Exempt Bond American Funds Short-Term Tax-Exempt Bond Fund? American Funds Tax-Exempt Fund of New York? American High-Income Municipal Bond Fund? Limited Term Tax-Exempt Bond Fund of America? The Tax-Exempt Bond Fund of America? The Tax-Exempt Fund of California?

Inception Date

5/1/67 4/1/11 4/1/11 4/16/84 12/1/73 12/1/83 3/13/73 6/17/99 4/30/90

2/3/14

2/21/50 3/26/93 8/1/78 10/1/08 1/1/34 7/31/52

7/30/87 12/1/73

7/26/75 2/1/11

12/14/12 4/22/16 12/14/12 11/1/10 3/22/19 3/18/16 2/19/88 5/28/74 8/4/87 2/19/88 10/2/06 10/17/85

8/7/09 11/1/10 9/26/94 10/6/93 10/3/79 10/28/86

Average Annual Total Returns (%)

Without Sales Charge (NAV) 1 Year 5 Year 10 Year

Fund Lifetime

With Maximum Sales Charge (MOP)

Max Sales

Fund Charge

1 Year 5 Year 10 Year Lifetime

(%)

30-day SEC Yield (%)*

Expense Ratio (%) (Net/Gross)

23.66 13.44 9.03 2.51 19.33 11.92 17.74 4.72 10.27

17.82 14.97 13.22 12.48 20.88 19.44 19.91 14.14 17.81

16.04 11.93 9.00 9.62 17.92 16.97 15.44 9.15 14.73

11.95 9.92 6.96 10.72 14.16 11.95 12.77 8.65 10.61

16.53 6.91 2.76 -3.39 12.48 5.49 10.96 -1.30 3.93

16.43 13.62 11.89 11.16 19.46 18.04 18.49 12.79 16.42

15.36 11.27 8.35 8.98 17.23 16.28 14.76 8.50 14.06

11.83 9.31 6.38 10.55 14.02 11.77 12.64 8.37 10.40

5.75 -0.12/-0.12

5.75

0.35

5.75 0.07/0.05

5.75

0.11

5.75

-0.13

5.75

-0.24

5.75

0.06

5.75 0.00/0.00

5.75

-0.49

0.68 0.86 1.09/1.12 0.82 0.61 0.76 0.72 0.96 1.02

0.50 8.45

-- 4.55 -5.26 7.17

-- 3.77 5.75

0.41

1.26

24.95 12.93 12.67 11.69 17.77 11.60 12.00 11.59 5.75

1.43

0.58

14.77 13.17 11.58 10.77 8.18 11.85 10.92 10.54 5.75

0.90

0.76

22.49 15.66 14.99 12.73 15.44 14.30 14.31 12.58 5.75

0.83

0.61

9.69 10.16 7.52 7.41 3.39 8.86 6.89 6.93 5.75

0.92

0.91

25.01 14.82 14.48 12.25 17.83 13.46 13.81 12.18 5.75 0.86/0.86

0.58

28.49 15.19 14.25 12.05 21.10 13.83 13.58 11.95 5.75

1.18

0.58

14.99 8.17 7.72 9.03 8.39 6.89 7.09 8.84 5.75

2.12

0.59

17.38 9.53 9.44 10.87 10.61 8.24 8.79 10.73 5.75

2.31

0.56

15.77 11.44 11.13 10.73 9.12 10.13 10.48 10.59 5.75

1.28

0.58

9.13 8.63 7.85 6.98 2.86 7.35 7.21 6.40 5.75

1.13

0.83

-2.15 5.25

-- 4.48 -5.79 4.45

-- 4.04 3.75 1.57/1.55 0.82/0.83

-3.98 4.91

-- 4.58 -7.62 4.11

-- 3.88 3.75

5.13 1.05/1.08

3.75 5.19

-- 2.75 1.15 4.64

-- 2.46 2.50 6.19/6.19

0.70

-0.64 2.46 2.18 2.37 -4.36 1.69 1.79 2.02 3.75

0.44

0.63

2.38

--

-- 7.59 -1.45

--

-- 6.12 3.75 3.20/3.19 0.91/1.14

-1.13 5.44

-- 5.02 -4.87 4.64

-- 4.32 3.75 3.31/3.31

0.72

8.29 6.29 6.00 7.68 4.18 5.48 5.59 7.56 3.75

3.46

0.69

-0.95 4.08 3.25 7.28 -4.68 3.28 2.86 7.19 3.75

1.64

0.57

-5.17 3.46 2.10 5.70 -8.72 2.67 1.70 5.58 3.75

1.42

0.92

-0.90 2.53 1.81 4.41 -3.39 2.02 1.55 4.33 2.50

1.51

0.61

-0.89 1.49 0.97 1.54 -3.38 0.98 0.72 1.37 2.50

0.61

0.67

-0.85 3.10 2.14 5.32 -4.56 2.32 1.75 5.21 3.75

2.12

0.62

-0.26 1.64 1.16 1.37 -2.80 1.13 0.91 1.16 2.50 0.14/0.13

0.57

2.66 3.86 3.53 3.79 -1.21 3.07 3.13 3.44 3.75 0.85/0.79 0.62/0.67

5.50 5.73 5.83 5.54 1.52 4.92 5.42 5.39 3.75

1.38

0.65

0.04 2.50 2.06 3.68 -2.48 1.97 1.80 3.59 2.50

0.30

0.58

2.03 4.03 3.89 6.20 -1.80 3.23 3.49 6.10 3.75

0.76

0.50

2.04 4.05 4.13 5.32 -1.76 3.26 3.73 5.21 3.75

0.73

0.57

Please see important information about risks, fee waivers and expense reimbursements, beginning on page 26. 2

Class A Shares1,2,3

Returns as of 12/31/21

Money Market American Funds U.S. Government Money Market FundSM (The seven-day yields as of 12/31/21, calculated in accordance with the SEC formula, were 0.00%/-0.31%)

Portfolio Series 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 Tax-Aware Conservative Growth and Income PortfolioSM American Funds Preservation PortfolioSM American Funds Tax-Exempt Preservation PortfolioSM

Retirement Income Portfolio Series American Funds Retirement Income Portfolio EnhancedSM

American Funds Retirement Income Portfolio ModerateSM

American Funds Retirement Income Portfolio ConservativeSM

Retirement Target Date American Funds 2065 Target Date Retirement FundSM American Funds 2060 Target Date Retirement Fund? American Funds 2055 Target Date Retirement Fund? American Funds 2050 Target Date Retirement Fund? American Funds 2045 Target Date Retirement Fund? American Funds 2040 Target Date Retirement Fund? American Funds 2035 Target Date Retirement Fund? American Funds 2030 Target Date Retirement Fund? American Funds 2025 Target Date Retirement Fund? American Funds 2020 Target Date Retirement Fund? American Funds 2015 Target Date Retirement Fund? American Funds 2010 Target Date Retirement Fund?

Inception Date

5/1/09

5/18/12 5/18/12 5/18/12 5/18/12

5/18/12

5/18/12

5/18/12 5/18/12

8/28/15

8/28/15

8/28/15

3/27/20

3/27/15 2/1/10 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07

Average Annual Total Returns (%)

Without Sales Charge (NAV) 1 Year 5 Year 10 Year

Fund Lifetime

With Maximum Sales Charge (MOP)

Max Sales

Fund Charge

1 Year 5 Year 10 Year Lifetime

(%)

30-day SEC Yield (%)*

Expense Ratio (%) (Net/Gross)

0.00 0.81 0.41 0.32 0.00 0.81 0.41 0.32

--

--

0.37

12.98 18.59 16.32 13.87

16.60 17.17 13.06 11.38

12.96 8.25

12.39 9.36

-0.62 2.15 -0.03 2.18

15.09 9.42

12.14 8.25

8.51 7.09

-- 13.45 6.50 15.23 -- 14.84 11.78 15.79 -- 11.57 9.66 11.74 -- 10.23 7.34 10.07

-- 7.81 6.44 6.98

-- 8.75 8.17 8.53

-- 1.52 -3.06 1.64 -- 1.94 -2.55 1.66

-- 8.99 8.45 8.13

-- 7.83 5.66 6.98

-- 6.64 2.29 5.84

-- 12.75 5.75

0.18

0.79

-- 14.14 5.75

0.24

0.73

-- 10.88 5.75

1.12

0.66

-- 9.56 5.75

1.21

0.66

-- 7.15 5.75

1.98

0.62

-- 8.31 3.75

1.82

0.64

-- 1.25 2.50

1.18

0.63

-- 1.67 2.50

1.21

0.63

-- 7.98 5.75

1.70

0.60

-- 6.83 5.75

1.55

0.62

-- 5.65 5.75

1.76

0.61

16.84

--

-- 35.70 10.11

--

-- 31.22 5.75

16.86 14.76

-- 11.67 10.14 13.40

-- 10.70 5.75

16.89 14.79 12.96 11.88 10.17 13.43 12.30 11.32 5.75

16.91 14.81 12.97 8.62 10.20 13.46 12.30 8.19 5.75

16.77 14.64 12.89 8.56 10.05 13.29 12.21 8.13 5.75

16.46 14.37 12.72 8.46 9.78 13.02 12.05 8.03 5.75

15.14 13.59 12.25 8.17 8.52 12.25 11.59 7.74 5.75

12.74 11.78 11.27 7.56 6.29 10.47 10.61 7.14 5.75

11.08 10.33 10.17 6.84 4.68 9.03 9.52 6.41 5.75

10.24 8.91 8.74 6.04 3.90 7.63 8.10 5.62 5.75

9.92 8.20 7.93 5.70 3.61 6.92 7.29 5.28 5.75

8.99 7.54 7.19 5.33 2.70 6.28 6.55 4.92 5.75

0.56 0.75/0.81

0.62

0.71

0.63

0.70

0.68

0.69

0.75

0.68

0.82

0.68

0.92

0.67

1.12

0.66

1.34

0.64

1.61

0.64

1.67

0.62

1.68

0.61

* Two SEC yields are shown for some funds. The first number reflects the fee waiver and/or reimbursement; the second does not.

Please see important information about risks, fee waivers and expense reimbursements, beginning on page 26. 3

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. Prices and returns will vary, so investors may lose money. For current information and month-end results, visit .

Returns will vary, so investors may lose money. (American Funds U.S. Government Money Market Fund)

Returns shown at net asset value (NAV) have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at maximum offering price (MOP) for Class A, 529-A and ABLE-A shares reflect deduction of the maximum sales charge of 5.75% (A shares)/3.50% (529-A and ABLE-A shares) for equity, Target Date, Retirement Income and most Portfolio Series funds; 4.25% (A shares)/3.50% (529-A and ABLE-A shares) for most College Target Date funds; 3.75% (A shares)/3.50% (529-A and ABLE-A shares) for most fixed income funds, American Funds Tax-Aware Conservative Growth and Income Portfolio; and 2.50% for American Funds Inflation Linked Bond Fund, Intermediate Bond Fund of America, Limited Term Tax-Exempt Bond Fund of America, Short-Term Bond Fund of America, American Funds Short-Term Tax-Exempt Bond Fund, American Funds Preservation Portfolio, American Funds Tax-Exempt Preservation Portfolio and College Enrollment Fund.

For money market funds, the annualized 7-day SEC yield more accurately reflects the fund's current earnings than does the fund's return.

Class C Shares1,2,3

Returns as of 12/31/21

Growth AMCAP Fund? American Funds Global Insight FundSM American Funds International Vantage FundSM EuroPacific Growth Fund? The Growth Fund of America? The New Economy Fund? New Perspective Fund? New World Fund? SMALLCAP World Fund? Growth and Income American Funds Developing World Growth and Income FundSM American Mutual Fund? Capital World Growth and Income Fund? Fundamental Investors? International Growth and Income FundSM The Investment Company of America? Washington Mutual Investors FundSM Equity Income Capital Income Builder? The Income Fund of America? Balanced American Balanced Fund? American Funds Global Balanced FundSM Bond American Funds Corporate Bond Fund? American Funds Emerging Markets Bond Fund? American Funds Inflation Linked Bond Fund? American Funds Mortgage Fund? American Funds Multi-Sector Income FundSM American Funds Strategic Bond FundSM American High-Income Trust? The Bond Fund of America? Capital World Bond Fund? Intermediate Bond Fund of America? Short-Term Bond Fund of America? U.S. Government Securities Fund? Tax-Exempt Bond American Funds Tax-Exempt Fund of New York? American High-Income Municipal Bond Fund? Limited Term Tax-Exempt Bond Fund of America? The Tax-Exempt Bond Fund of America? The Tax-Exempt Fund of California?

Inception Date

5/1/67 4/1/11 4/1/11 4/16/84 12/1/73 12/1/83 3/13/73 6/17/99 4/30/90

2/3/14

2/21/50 3/26/93 8/1/78 10/1/08 1/1/34 7/31/52

7/30/87 12/1/73

7/26/75 2/1/11

12/14/12 4/22/16 12/14/12 11/1/10 3/22/19 3/18/16 2/19/88 5/28/74 8/4/87 2/19/88 10/2/06 10/17/85

11/1/10 9/26/94 10/6/93 10/3/79 10/28/86

1 Year

22.73 12.68 8.29 1.73 18.43 11.10 16.84 3.95 9.47

-0.30

24.02 13.92 21.59 8.91 24.08 27.53

14.15 16.48

14.88 8.34

-2.84 -4.66 2.94 -1.44 1.67 -1.77 7.51 -1.68 -5.82 -1.53 -1.55 -1.57

1.90 4.76 -0.66 1.26 1.28

Average Annual Total Returns (%)

Without CDSC 5 Year

10 Year

Fund Lifetime

With CDSC 1 Year

16.92 14.20 12.47 11.62 19.96 18.52 18.98 13.26 16.92

15.31 11.31 8.40 8.95 17.18 16.22 14.71 8.45 14.01

11.81 9.35 6.42 10.53 14.00 11.76 12.62 8.32 10.38

21.73 11.68 7.29 0.80 17.43 10.10 15.84 2.98 8.49

7.61

--

3.75

-1.30

12.06 12.32 14.78 9.32 13.93 14.31

11.95 10.88 14.26 6.84 13.76 13.53

11.58 10.52 12.57 6.89 12.17 11.95

23.02 12.92 20.59 7.91 23.08 26.53

7.34

7.05

8.82

13.15

8.69

8.74

10.71

15.48

10.59 7.82

10.43 7.17

10.58 6.37

13.88 7.34

4.49

--

3.63

-3.80

4.13

--

3.80

-5.57

4.42

--

1.98

1.94

1.68

1.52

1.80

-2.42

--

--

6.87

0.69

4.67

--

4.25

-2.75

5.49

5.33

7.47

6.51

3.28

2.61

7.13

-2.65

2.68

1.46

5.50

-6.75

1.78

1.18

4.20

-2.52

0.78

0.33

1.10

-2.53

2.35

1.51

5.13

-2.54

3.07

2.85

3.18

0.90

4.98

5.19

5.28

3.76

1.76

1.46

3.44

-1.64

3.23

3.24

6.03

0.27

3.26

3.48

5.13

0.28

30-day SEC Yield (%)*

-0.86/-0.86 -0.30

-0.60/-0.62 -0.62 -0.90 -1.01

-0.68/-0.68 -0.74/-0.74

-1.28

-0.31

0.79 0.22 0.13 0.24 0.17/0.17 0.52

1.52 1.71

0.62 0.47

0.93/0.91 4.63

5.63/5.63 -0.29

2.62/2.61 2.74/2.73

2.88 0.95 0.77 0.86 -0.07 1.47

0.15/0.07 0.73 -0.38 0.04 0.02

Expense Ratio (%) (Net/Gross)

1.43 1.56 1.79/1.82 1.58 1.37 1.52 1.48 1.70 1.76

2.02

1.33 1.52 1.37 1.66 1.34 1.34

1.34 1.31

1.33 1.56

1.51/1.52 1.76/1.79

1.40 1.38 1.60/1.83 1.42 1.43 1.32 1.68 1.31 1.37 1.32

1.37/1.42 1.35 1.28 1.25 1.32

Please see important information about risks, fee waivers and expense reimbursements, beginning on page 26. 4

Class C Shares1,2,3

Returns as of 12/31/21

Money Market American Funds U.S. Government Money Market FundSM (The seven-day yields as of 12/31/21, calculated in accordance with the SEC formula, were 0.00%/-0.31%)

Portfolio Series 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 Tax-Aware Conservative Growth and Income PortfolioSM American Funds Preservation PortfolioSM American Funds Tax-Exempt Preservation PortfolioSM

Retirement Income Portfolio Series American Funds Retirement Income Portfolio EnhancedSM

American Funds Retirement Income Portfolio ModerateSM

American Funds Retirement Income Portfolio ConservativeSM

Retirement Target Date American Funds 2065 Target Date Retirement FundSM American Funds 2060 Target Date Retirement Fund? American Funds 2055 Target Date Retirement Fund? American Funds 2050 Target Date Retirement Fund? American Funds 2045 Target Date Retirement Fund? American Funds 2040 Target Date Retirement Fund? American Funds 2035 Target Date Retirement Fund? American Funds 2030 Target Date Retirement Fund? American Funds 2025 Target Date Retirement Fund? American Funds 2020 Target Date Retirement Fund? American Funds 2015 Target Date Retirement Fund? American Funds 2010 Target Date Retirement Fund?

Inception Date

5/1/09

5/18/12 5/18/12 5/18/12 5/18/12

5/18/12

5/18/12

5/18/12 5/18/12

8/28/15

8/28/15

8/28/15

3/27/20

3/27/15 2/1/10 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07

1 Year

0.00

12.11 17.70 15.52 13.02

12.15

11.64

-1.32 -0.76

14.24

11.23

7.73

16.05

15.99 16.01 16.00 15.90 15.56 14.31 11.93 10.24 9.43 9.10 8.21

Average Annual Total Returns (%)

Without CDSC 5 Year

10 Year

Fund Lifetime

With CDSC 1 Year

0.79

0.40

0.32

-1.00

30-day SEC Yield (%)*

--

Expense Ratio (%) (Net/Gross)

0.37

15.73 16.30 12.23 10.55

7.47

8.59

1.45 1.48

8.66

7.48

6.34

--

13.90 13.91 13.94 13.79 13.50 12.75 10.95 9.49 8.10 7.37 6.76

-- -- -- --

--

--

-- --

--

--

--

--

-- 12.26 12.26 12.17 12.03 11.56 10.58 9.49 8.07 7.27 6.53

12.73 14.11 10.86 9.54

7.14

8.11

0.93 1.34

8.23

7.07

5.90

34.87

10.84 11.29 8.15 8.09 7.99 7.70 7.09 6.36 5.59 5.24 4.89

11.11 16.70 14.52 12.02

11.15

10.64

-2.30 -1.75

13.24

10.23

6.73

15.05

14.99 15.01 15.00 14.90 14.56 13.31 10.93 9.24 8.43 8.10 7.21

-0.55

1.54

-0.48

1.47

0.47

1.39

0.57

1.38

1.39

1.34

1.20

1.34

0.51

1.33

0.54

1.33

1.10

1.33

0.94

1.34

1.17

1.31

-0.09

1.45/1.51

-0.06

1.46

-0.05

1.45

-0.01

1.44

0.07

1.44

0.12

1.43

0.24

1.42

0.43

1.40

0.66

1.38

0.95

1.37

1.02

1.36

0.99

1.35

* Two SEC yields are shown for some funds. The first number reflects the fee waiver and/or reimbursement; the second does not.

Please see important information about risks, fee waivers and expense reimbursements, beginning on page 26. 5

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. Prices and returns will vary, so investors may lose money. For current information and month-end results, visit .

Returns shown at net asset value (NAV) have all distributions reinvested.

For money market funds, the annualized 7-day SEC yield more accurately reflects the fund's current earnings than does the fund's return.

Class F-1 Shares1,2,3

Returns as of 12/31/21 Growth AMCAP Fund? American Funds Global Insight FundSM American Funds International Vantage FundSM EuroPacific Growth Fund? The Growth Fund of America? The New Economy Fund? New Perspective Fund? New World Fund? SMALLCAP World Fund? Growth and Income American Funds Developing World Growth and Income FundSM American Mutual Fund? Capital World Growth and Income Fund? Fundamental Investors? International Growth and Income FundSM The Investment Company of America? Washington Mutual Investors FundSM Equity Income Capital Income Builder? The Income Fund of America? Balanced American Balanced Fund? American Funds Global Balanced FundSM Bond American Funds Corporate Bond Fund? American Funds Emerging Markets Bond Fund? American Funds Inflation Linked Bond Fund? American Funds Mortgage Fund? American Funds Multi-Sector Income FundSM American Funds Strategic Bond FundSM American High-Income Trust? The Bond Fund of America? Capital World Bond Fund? Intermediate Bond Fund of America? Short-Term Bond Fund of America? U.S. Government Securities Fund? Tax-Exempt Bond American Funds Short-Term Tax-Exempt Bond Fund? American Funds Tax-Exempt Fund of New York? American High-Income Municipal Bond Fund? Limited Term Tax-Exempt Bond Fund of America? The Tax-Exempt Bond Fund of America? The Tax-Exempt Fund of California?

Inception Date

5/1/67 4/1/11 4/1/11 4/16/84 12/1/73 12/1/83 3/13/73 6/17/99 4/30/90

2/3/14

2/21/50 3/26/93 8/1/78 10/1/08 1/1/34 7/31/52

7/30/87 12/1/73

7/26/75 2/1/11

12/14/12 4/22/16 12/14/12 11/1/10 3/22/19 3/18/16 2/19/88 5/28/74 8/4/87 2/19/88 10/2/06 10/17/85

8/7/09 11/1/10 9/26/94 10/6/93 10/3/79 10/28/86

1 Year

23.60 13.52 9.09 2.45 19.27 11.86 17.66 4.73 10.23

0.51

24.87 14.71 22.42 9.68 24.92 28.42

14.95 17.29

15.71 9.09

-2.13 -3.95 3.71 -0.62 2.37 -1.04 8.29 -0.99 -5.20 -0.89 -0.89 -0.88

-0.45 2.65 5.47 0.00 1.93 1.94

Average Annual Total Returns (%)

5 Year

10 Year

17.75 15.01 13.29 12.45 20.82 19.37 19.82 14.14 17.77

15.99 11.96 9.06 9.60 17.87 16.92 15.38 9.17 14.72

8.46

--

12.85 13.11 15.59 10.13 14.72 15.10

12.59 11.54 14.92 7.49 14.40 14.17

8.10

7.66

9.44

9.35

11.37 8.59

11.06 7.80

5.24

--

4.89

--

5.18

--

2.47

2.17

--

--

5.42

--

6.27

5.96

4.03

3.22

3.46

2.10

2.50

1.77

1.49

0.90

3.10

2.14

1.43

0.94

3.83

3.49

5.69

5.76

2.44

1.99

3.92

3.77

3.94

4.00

Fund Lifetime

11.90 9.95 7.02 10.68 14.11 11.90 12.71 8.64 10.58

4.58

11.61 10.72 12.67 7.38 12.18 11.98

8.96 10.80

10.68 6.94

4.34 4.55 2.64 2.36 7.60 5.00 7.62 7.22 5.66 4.36 1.47 5.29

1.16 3.74 5.46 3.61 6.10 5.22

30-day SEC Yield (%)*

-0.18/-0.18 0.39

0.12/0.10 0.08 -0.20 -0.30 0.01

0.00/0.00 -0.56

0.45

1.47 0.91 0.82 0.96 0.87/0.87 1.19

2.20 2.39

1.30 1.18

1.64/1.63 5.37

6.34/6.34 0.48

3.31/3.30 3.46/3.45

3.60 1.65 1.46 1.55 0.63 2.17

-0.03/-0.06 0.85/0.82

1.40 0.28 0.70 0.67

Expense Ratio (%) (Net/Gross)

0.71 0.83 1.03/1.06 0.84 0.66 0.80 0.78 0.95 1.05

1.22

0.64 0.81 0.65 0.92 0.65 0.64

0.65 0.62

0.63 0.86

0.78/0.79 1.02/1.05

0.67 0.61 0.89/1.12 0.71 0.70 0.60 0.93 0.60 0.67 0.63

0.75 0.68/0.73

0.67 0.61 0.59 0.67

Please see important information about risks, fee waivers and expense reimbursements, beginning on page 26. 6

Class F-1 Shares1,2,3

Returns as of 12/31/21 Money Market American Funds U.S. Government Money Market FundSM (The seven-day yields as of 12/31/21, calculated in accordance with the SEC formula, were 0.00%/-0.60%)

Portfolio Series 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 Tax-Aware Conservative Growth and Income PortfolioSM American Funds Preservation PortfolioSM American Funds Tax-Exempt Preservation PortfolioSM

Retirement Income Portfolio Series American Funds Retirement Income Portfolio EnhancedSM

American Funds Retirement Income Portfolio ModerateSM

American Funds Retirement Income Portfolio ConservativeSM

Retirement Target Date American Funds 2065 Target Date Retirement FundSM American Funds 2060 Target Date Retirement Fund? American Funds 2055 Target Date Retirement Fund? American Funds 2050 Target Date Retirement Fund? American Funds 2045 Target Date Retirement Fund? American Funds 2040 Target Date Retirement Fund? American Funds 2035 Target Date Retirement Fund? American Funds 2030 Target Date Retirement Fund? American Funds 2025 Target Date Retirement Fund? American Funds 2020 Target Date Retirement Fund? American Funds 2015 Target Date Retirement Fund? American Funds 2010 Target Date Retirement Fund?

Inception Date

5/1/09

5/18/12 5/18/12 5/18/12 5/18/12

5/18/12

5/18/12

5/18/12 5/18/12

8/28/15

8/28/15

8/28/15

3/27/20

3/27/15 2/1/10 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07 2/1/07

1 Year 0.00

Average Annual Total Returns (%)

5 Year

10 Year

0.61

0.31

Fund Lifetime 0.24

30-day SEC Yield (%)*

--

Expense Ratio (%) (Net/Gross)

0.66

12.97 18.56 16.33 13.76

12.90

12.35

-0.64 -0.08

15.09

12.08

8.47

16.90

16.85 16.83 16.84 16.69 16.38 15.10 12.69 10.98 10.19 9.93 8.93

16.58 17.16 13.04 11.34

8.20

9.32

2.15 2.16

9.38

8.21

7.08

--

14.72 14.75 14.76 14.60 14.34 13.55 11.75 10.30 8.87 8.16 7.52

-- -- -- --

--

--

-- --

--

--

--

--

-- 12.93 12.93 12.84 12.68 12.21 11.23 10.14 8.72 7.90 7.16

13.43 14.81 11.53 10.19

7.78

8.74

1.53 1.94

8.96

7.80

6.63

35.83

11.67 11.85 8.57 8.51 8.42 8.13 7.52 6.79 6.01 5.66 5.30

0.17

0.81

0.24

0.74

1.17

0.69

1.27

0.69

2.09

0.66

1.85

0.68

1.20

0.64

1.19

0.68

1.77

0.67

1.62

0.67

1.84

0.63

0.61

0.73/0.79

0.62

0.74

0.63

0.74

0.67

0.73

0.76

0.73

0.82

0.72

0.94

0.71

1.14

0.69

1.38

0.67

1.68

0.66

1.74

0.65

1.71

0.64

* Two SEC yields are shown for some funds. The first number reflects the fee waiver and/or reimbursement; the second does not.

Please see important information about risks, fee waivers and expense reimbursements, beginning on page 26. 7

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. Prices and returns will vary, so investors may lose money. For current information and month-end results, visit .

Returns shown at net asset value (NAV) have all distributions reinvested.

For money market funds, the annualized 7-day SEC yield more accurately reflects the fund's current earnings than does the fund's return.

Class F-2 Shares1,2,3

Returns as of 12/31/21 Growth AMCAP Fund? American Funds Global Insight FundSM American Funds International Vantage FundSM EuroPacific Growth Fund? The Growth Fund of America? The New Economy Fund? New Perspective Fund? New World Fund? SMALLCAP World Fund? Growth and Income American Funds Developing World Growth and Income FundSM American Mutual Fund? Capital World Growth and Income Fund? Fundamental Investors? International Growth and Income FundSM The Investment Company of America? Washington Mutual Investors FundSM Equity Income Capital Income Builder? The Income Fund of America? Balanced American Balanced Fund? American Funds Global Balanced FundSM Bond American Funds Corporate Bond Fund? American Funds Emerging Markets Bond Fund? American Funds Inflation Linked Bond Fund? American Funds Mortgage Fund? American Funds Multi-Sector Income FundSM American Funds Strategic Bond FundSM American High-Income Trust? The Bond Fund of America? Capital World Bond Fund? Intermediate Bond Fund of America? Short-Term Bond Fund of America? U.S. Government Securities Fund? Tax-Exempt Bond American Funds Short-Term Tax-Exempt Bond Fund? American Funds Tax-Exempt Fund of New York? American High-Income Municipal Bond Fund? Limited Term Tax-Exempt Bond Fund of America? The Tax-Exempt Bond Fund of America? The Tax-Exempt Fund of California?

Inception Date

5/1/67 4/1/11 4/1/11 4/16/84 12/1/73 12/1/83 3/13/73 6/17/99 4/30/90

2/3/14

2/21/50 3/26/93 8/1/78 10/1/08 1/1/34 7/31/52

7/30/87 12/1/73

7/26/75 2/1/11

12/14/12 4/22/16 12/14/12 11/1/10 3/22/19 3/18/16 2/19/88 5/28/74 8/4/87 2/19/88 10/2/06 10/17/85

8/7/09 11/1/10 9/26/94 10/6/93 10/3/79 10/28/86

1 Year

23.93 13.77 9.47 2.74 19.58 12.18 17.98 5.01 10.55

0.72

25.20 15.02 22.73 10.00 25.27 28.76

15.27 17.64

16.01 9.37

-1.88 -3.69 4.02 -0.36 2.66 -0.77 8.61 -0.71 -4.85 -0.61 -0.63 -0.58

-0.15 2.84 5.75 0.28 2.20 2.22

Average Annual Total Returns (%)

5 Year

10 Year

18.07 15.32 13.59 12.75 21.13 19.71 20.15 14.46 18.12

16.30 12.26 9.35 9.90 18.19 17.24 15.69 9.47 15.04

8.75

--

13.14 13.43 15.89 10.42 15.04 15.41

12.88 11.85 15.23 7.77 14.70 14.47

8.39

7.94

9.73

9.64

11.66 8.88

11.35 8.09

5.53

--

5.17

--

5.45

--

2.75

2.44

--

--

5.72

--

6.57

6.25

4.34

3.51

3.78

2.41

2.80

2.06

1.74

1.18

3.39

2.41

1.73

1.22

4.02

3.66

5.96

6.03

2.71

2.25

4.19

4.04

4.21

4.27

Fund Lifetime

12.18 10.25 7.31 10.96 14.41 12.20 13.00 8.94 10.88

4.85

11.86 11.00 12.95 7.65 12.44 12.26

9.22 11.05

10.96 7.22

4.58 4.82 2.91 2.63 7.76 5.29 7.92 7.52 5.99 4.66 1.74 5.61

1.43 3.92 5.73 3.88 6.34 5.46

30-day SEC Yield (%)*

0.08/0.08 0.66

0.38/0.37 0.36 0.07 -0.03 0.27

0.28/0.28 -0.27

0.72

1.72 1.19 1.09 1.24 1.12/1.12 1.44

2.47 2.65

1.56 1.45

1.91/1.89 5.64

6.65/6.64 0.74

3.59/3.58 3.73/3.72

3.89 1.94 1.81 1.84 0.89 2.46

0.25/0.24 1.07/1.00

1.67 0.54 0.96 0.93

Expense Ratio (%) (Net/Gross)

0.45 0.56 0.77/0.80 0.57 0.40 0.52 0.52 0.68 0.76

0.95

0.37 0.52 0.39 0.65 0.38 0.38

0.37 0.35

0.36 0.59

0.52/0.53 0.74/0.77

0.40 0.34 0.62/0.85 0.44 0.40 0.32 0.59 0.32 0.40 0.33

0.45 0.45/0.50

0.41 0.34 0.33 0.40

Please see important information about risks, fee waivers and expense reimbursements, beginning on page 26. 8

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