The fund has stood the test of time, achieving a solid record of success over an 81-year lifetime.

Transcription

1 The Investment Company of America Fiscal Year-End Summary: // Growth-and-Income Fund The fund has stood the test of time, achieving a solid record of success over an 8-year lifetime. Ticker symbols: A shares: AIVSX C shares: AICCX F- shares: AICFX F- shares: ICAFX Spans the Years The Investment Company of America (ICA) one of the nation s oldest and largest funds has persevered through market highs and lows, world wars and the ever-changing scope of technology. The fund invests primarily in well established blue chip companies that represent a cross-section of the U.S. economy. Long-Term Results ICA has built an impressive record through a variety of market conditions. An investment in ICA has never lost money over any 0- or 0-calendar-year period in the fund s lifetime. Over its lifetime (// //), ICA has returned an average of.% annually, compared to 0.9% for the unmanaged Standard & Poor s 00 Index. Carefully Selected Portfolio The investment professionals who manage the fund travel the globe each year to visit plant sites, branch offices, suppliers, competitors, customers and bankers anyone who can provide insight into the companies ICA owns. In addition to research, managing risk has been an important factor in ICA s success. Figures shown are past results for Class A shares and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. Unless otherwise indicated, results shown are at net asset value with all distributions reinvested. If the.% maximum Class A sales charge had been deducted, results would have been lower. For current information and month-end results, visit americanfunds.com. ICA has been true to its goal of providing long-term growth of capital and income by investing in solid companies with the potential for future dividends. The fund has paid a dividend every year since 9. ICA has increased regular dividends in of the past 8 calendar years (if dividends were taken in cash and capital gains were reinvested, not including special dividends). When reinvested, dividend income has made up 8% of its lifetime total return. The Power of Dividends (-Year Period Ended //) Growth of a hypothetical initial $0,000 investment Lipper Growth & Income Funds Average $0,000 Capital appreciation Reinvested dividends Standard & Poor s 00 Index 8,0 0,888 The Investment Company of America,,0 9,0,0 0,0 99,8 0, $ , , , , ,000 Source: Thomson InvestmentView. The S&P 00 is a market capitalization-weighted index based on the results of 00 widely held common stocks. The index is unmanaged and, therefore, has no expenses. Investors cannot invest directly in an index. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

2 Experienced Portfolio Management The fund s six portfolio managers each manage a portion of fund assets independently and have a median years of investment experience as of the prospectus dated //. A group of investment analysts also manages a portion of the fund. Chris Buchbinder 9 years Barry Crosthwaite 9 years Joyce Gordon years Jim Lovelace years Don O Neal 0 years Eric Richter years Largest Equity Holdings at // Amgen.8% Gilead Sciences. Verizon Communications.0 Philip Morris International. Altria. Results of a Hypothetical $0,000 Investment (//9 //) $0,000 ratios 00,000 Fund 0.% Industry average*.% 0,000 $9, 0.% average annual total return Industry Holdings at // Biotechnology 8.9% Oil, gas & consumable fuels.8 Beverages & tobacco. Semiconductors & semiconductor equipment.8 Diversified telecommunication services. Other industries 9. Bonds & notes 0.0 Cash & equivalents. The fund is actively managed, so holdings change. 0,000 Fiscal years ended / 8, Fund (%) for periods ended // after payment of the.% maximum up-front sales charge for Class A shares: year:.% years:.99% 0 years:.% ratio: 0.% applicable fees and expenses. The expense ratio is as of the fund s prospectus available at the time of publication. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which the results would have been lower. Please see americanfunds.com for more information. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund s summary prospectus and prospectus, which can be obtained from a financial professional and should be read carefully before investing. If used after //, this sheet must be accompanied by a current American Funds quarterly statistical update. * Source for industry average: Lipper Growth & Income Funds Average, which represents funds that combine a growth-of-earnings orientation and an income requirement for level and/or rising dividends. The industry average expense ratio is based on statistics for front-end load funds (excluding funds of funds) for the most recent fiscal year-ends available through //. Lit. No. MFGESSX-00-0P Litho in USA CGD/ALD/90-S99 0 American Funds Distributors, Inc. Printed on recycled paper

3 Quarterly Statistical Update April 0 Data as of March, 0 This update must be used (until superseded) with any American Funds and CollegeAmerica sales materials that include investment results for periods ended before the date above. As a practical matter, financial advisors should consider including this update with all American Funds and CollegeAmerica sales literature. This material may be photocopied. Investment results updated monthly, and daily share price information, are available at americanfunds.com. 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. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. For current information and month-end results, visit americanfunds.com. Returns shown are based on a $,000 investment. The return of principal for bond funds and 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, as more fully described in the prospectus. Fund shares of U.S. Government Securities Fund are not guaranteed by the U.S. government. An investment in the money market fund is not insured or guaranteed by the FDIC or any other government agency. Although the money market fund seeks to preserve the value of your investment at $.00 per share, it is possible to lose money by investing in the fund. Exchange privileges generally allow shareholders to transfer some or all of their holdings among American Funds in the same share class without a sales charge. CollegeAmerica allows exchanges once a year or when the beneficiary is changed. Class A, C and F- shares generally may be ex changed into the corresponding 9 share class without a sales charge, but such exchanges from UGMA or UTMA custo dial accounts may create significant legal and tax consequences. Exchange privileges are subject to change or termination. American Funds American Funds Class A shares are subject to a.% maximum up-front sales charge for equity funds and most Portfolio Series funds,.% for most bond and tax-exempt bond funds and American Funds Tax-Advantaged Income Portfolio,.0% for shorter term bond funds, American Funds Preservation Portfolio and American Funds Tax-Exempt Preservation Portfolio. There is no sales charge for the Class A money market fund. Share classes without an up-front sales charge are also available. Class C shares have a % contingent deferred sales charge on shares sold within the first year of purchase and convert to Class F- shares after 0 years. Class F- and F- shares have an annual asset-based fee charged by the sponsoring firm. New investments in Class B shares are no longer allowed. For more information and investment results, please see americanfunds.com. Class C shares are limited to a maximum purchase of $00,000, and are not available to certain employer-sponsored retirement plans. Class F- and F- shares are available only through certain fee-based programs offered by registered investment advisors. Your financial advisor can help you decide which share class is best for you. Class F- shares were introduced on August, 008. Fund results prior to the date of first sale are hypothetical, based on Class A share returns without a sales charge adjusted for typical additional expenses as described on pages 8 and 9. Individual fund expenses are also shown on pages 8 and 9. American Funds in CollegeAmerica CollegeAmerica, a 9 college savings plan sponsored by Virginia9 ȘM is available nationwide and allows federal-tax-free earnings and withdrawals for a beneficiary s qualified higher education expenses. (Qualified with drawals from 9 plans are exempt from federal income tax. Qualified withdrawals may also be exempt from state income tax. Check with a tax advisor. If withdrawals are used for purposes other than higher education, the earnings will be subject to a 0% federal tax penalty in addition to federal and, if applicable, state income tax.) Interests in CollegeAmerica are sold through unaffiliated intermediaries. CollegeAmerica is distributed by American Funds Distributors, Inc. If you reside in a state other than Virginia, there may be an in-state plan that offers tax and other benefits not available through CollegeAmerica. Before investing in any state s 9 plan, you should consult your tax advisor. CollegeAmerica features four share classes. Class 9-A, 9-C and 9-F- shares are structured similarly to American Funds Class A, C and F- shares, respectively. Unless otherwise indicated, 9 share class details (including sales charges and share conversion) are generally the same as the corresponding American Funds share class. Class 9-E shares are structured similarly to Class 9-F- shares but are available only through eligible employer-sponsored plans. Unless otherwise indicated, Class 9-E share details are generally the same as Class 9-F- shares. New investments in Class 9-B shares are no longer allowed. More information and investment results for Class 9-B and 9-E shares can be found on americanfunds.com. Class 9-C shares do not convert to Class 9-F- shares after 0 years. Class 9-F- shares are available only through certain fee-based programs offered by broker-dealer firms and registered investment advisors. CollegeAmerica investors can contribute up to $,000 a year per beneficiary ($8,000 for married couples) without gift-tax consequences. With a special gift-tax election, five years worth of investments can be accelerated, so investors can contribute up to $0,000 at one time ($0,000 for married couples). Each beneficiary is limited to $0,000 in combined account values (including investments and earnings) of all 9 plans administered by Virginia9. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. Invest ments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

4 Results at net asset value do not reflect the funds maximum sales charges. If these had been deducted, results would have been lower. Results at maximum offering price reflect deduction of the funds maximum sales charges (.% for equity funds,.% for most bond funds,.0% for shorter term* bond funds). Class A shares March, 0 Without sales charge (NAV) With maximum sales charge (MOP) year % years % 0 years % year % years % 0 years % 0-day at MOP % Growth funds AMCAP Fund EuroPacific Growth Fund The Growth Fund of America The New Economy Fund New Perspective Fund New World Fund SMALLCAP World Fund Growth-and-income funds American Funds Developing World Growth and Income Fund SM American Mutual Fund Capital World Growth and Income Fund Fundamental Investors International Growth and Income Fund SM The Investment Company of America Washington Mutual Investors Fund SM Equity-income funds Capital Income Builder The Income Fund of America Balanced funds American Balanced Fund American Funds Global Balanced Fund SM Bond funds American Funds Inflation Linked Bond Fund SM American Funds Mortgage Fund 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 funds 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 The Tax-Exempt Fund of Maryland The Tax-Exempt Fund of Virginia From January 0, 000, to October, 00, the maximum sales charge for Intermediate Bond Fund of America and Limited Term Tax-Exempt Bond Fund of America was.%. applicable fees and expenses. ratios are as of each fund s prospectus available at the time of publication. The expense ratio for American Funds Inflation Linked Bond Fund is estimated. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Please see americanfunds.com for more information. The investment adviser is currently reimbursing a portion of other expenses for American Funds Tax-Exempt Fund of New York. Investment results reflect the reimbursement, without which the results would have been lower and the expenses would have been higher. This reimbursement will be in effect through at least September 0, 0, unless modified or terminated by the fund s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Please see each fund s most recent prospectus for details. Two SEC yields are shown for some funds. The first number reflects the fee waiver and/or reimbursement; the second does not. Fund lifetime return. The fund began operations February, 0. Fund lifetime return. The fund began operations October, 008. Fund lifetime return. The fund began operations February, 0. Fund lifetime return. The fund began operations December, 0. Fund lifetime return. The fund began operations November, 00. Fund lifetime return. The fund began operations October, The Tax-Exempt Money Fund of America (inception: October, 989) converted to American Funds Short-Term Tax-Exempt Bond Fund on August, 009. Investment results shown do not include the fund s results for the period it operated as The Tax-Exempt Money Fund of America, whose results can be found in American Funds Short-Term Tax-Exempt Bond Fund s prospectus. 9 Fund lifetime return. The fund began operations August, 009.

5 Results at net asset value do not reflect the funds maximum sales charges. If these had been deducted, results would have been lower. Results at maximum offering price reflect deduction of the funds maximum sales charges (.% for target date and most Portfolio Series* funds,.% for American Funds Tax-Advantaged Income Portfolio,.0% for American Funds Preservation Portfolio and American Funds Tax-Exempt Preservation Portfolio). Class A shares March, 0 Without sales charge (NAV) With maximum sales charge (MOP) year % years % 0 years % year % years % 0 years % 0-day at MOP % (net/gross) Money market fund American Funds Money Market Fund / Portfolio Series funds American Funds Global Growth Portfolio SM * / /0.9 American Funds Growth Portfolio SM * /0. 0./0.8 American Funds Growth and Income Portfolio SM * /. 0.9/0.9 American Funds Balanced Portfolio SM * /. 0./0.8 American Funds Income Portfolio SM * /.8 0./0. American Funds Tax-Advantaged Income Portfolio SM /. 0.8/0.9 American Funds Preservation Portfolio SM / /0.80 American Funds Tax-Exempt Preservation Portfolio SM /. 0./0.8 Target date funds American Funds 0 Target Date Retirement Fund / /0.89 American Funds 00 Target Date Retirement Fund / /0.8 American Funds 0 Target Date Retirement Fund /.0 0./0.8 American Funds 00 Target Date Retirement Fund /.0 0./0.8 American Funds 0 Target Date Retirement Fund /. 0./0.8 American Funds 00 Target Date Retirement Fund /. 0./0.8 American Funds 0 Target Date Retirement Fund /. 0./0.8 American Funds 00 Target Date Retirement Fund /. 0./0.8 American Funds 0 Target Date Retirement Fund /. 0./0.8 American Funds 00 Target Date Retirement Fund /.8 0./0.8 applicable fees and expenses. ratios are as of each fund s prospectus available at the time of publication. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Please see americanfunds.com for more information. Although American Funds Money Market Fund has b- plans for some share classes, the fund is currently suspending certain b- payments in this low interest rate environment. Should payments commence, the fund s investment results will be lower and expenses will be higher. Investment results for American Funds Portfolio Series funds assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently waiving its management fee of 0.0% and reimbursing a portion of other expenses for American Funds Tax- Exempt Preservation Portfolio. In addition, the investment adviser has in the past reimbursed certain expenses for American Funds Preservation Portfolio. Investment results and net expense ratios reflect the waiver and/or any current reimbursements, without which the results would have been lower and the expenses would have been higher. After December, 0, the adviser may modify or terminate the waiver, but only with fund board approval. The reimbursement will be in effect through at least December, 0, unless modified or terminated by the fund s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. ratios are as of each fund s prospectus available at the time of publication and include the weighted average expenses of the underlying funds. Investment results for the target date funds assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently waiving its management fee of 0.0%. After December, 0, the adviser may modify or terminate the waiver, but only with fund board approval. In addition, the investment adviser has in the past reimbursed certain expenses for all share classes. Investment results and net expense ratios reflect the waiver and reimbursements, without which the results would have been lower and the expenses would have been higher. The expense ratios are as of each fund s prospectus available at the time of publication and include the weighted average expenses of the underlying funds. Investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund-offunds expenses. The funds risks are directly related to the risks of the underlying funds. Two SEC yields are shown for some funds. The first number reflects the fee waiver and/or reimbursement; the second does not. Fund lifetime return. The fund began operations May, 009. seven-day SEC yield, which more accurately reflects the fund s current earnings than does total return. Fund lifetime return. The fund began operations May 8, 0. Fund lifetime return. The fund began operations February, 00. Fund lifetime return. The fund began operations February, 00.

6 Results without CDSC do not reflect the contingent deferred sales charge. If the CDSC had been deducted, these results would have been lower. Results with CDSC reflect deduction of the % contingent deferred sales charge. Class C shares March, 0 Without CDSC With CDSC year % years % 0 years % year % 0-day at NAV % Growth funds AMCAP Fund EuroPacific Growth Fund The Growth Fund of America The New Economy Fund New Perspective Fund New World Fund SMALLCAP World Fund Growth-and-income funds American Funds Developing World Growth and Income Fund American Mutual Fund Capital World Growth and Income Fund Fundamental Investors International Growth and Income Fund The Investment Company of America Washington Mutual Investors Fund Equity-income funds Capital Income Builder The Income Fund of America Balanced funds American Balanced Fund American Funds Global Balanced Fund Bond funds American Funds Inflation Linked Bond Fund American Funds Mortgage Fund 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 funds 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 The Tax-Exempt Fund of Maryland The Tax-Exempt Fund of Virginia Two SEC yields are shown for some funds. The first number reflects an applicable fees and expenses. ratios are as of each fund s expense reimbursement; the second does not. prospectus available at the time of publication. The expense ratio Fund lifetime return. The fund began operations February, 0. for American Funds Inflation Linked Bond Fund is estimated. When Fund lifetime return. The fund began operations October, 008. applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Please see Fund lifetime return. The fund began operations February, 0. Fund lifetime return. The fund began operations December, 0. americanfunds.com for more information. The investment adviser is currently reimbursing a portion of other expenses for American Funds Fund lifetime return. The fund began operations November, 00. Tax-Exempt Fund of New York. Investment results reflect the reimbursement, Results for Short-Term Bond Fund of America include hypothetical without which the results would have been lower and the expenses returns based on Class A share results without a sales charge, adjusted would have been higher. This reimbursement will be in effect through at for estimated additional annual expenses, because that fund s Class C least September 0, 0, unless modified or terminated by the fund s shares sold after the fund s inception date of October, 00. Please board. The adviser may elect at its discretion to extend, modify or terminate see americanfunds.com for more information on specific expense the reimbursement at that time. Please see each fund s most recent adjustments and the actual date of first sale. prospectus for details. 8 Fund lifetime return. The fund began operations October, 00.

7 Results without CDSC do not reflect the contingent deferred sales charge. If the CDSC had been deducted, these results would have been lower. Results with CDSC reflect deduction of the % contingent deferred sales charge. Class C shares March, 0 Without CDSC With CDSC year % years % 0 years % year % 0-day at NAV % (net/gross) Money market fund American Funds Money Market Fund / Portfolio Series funds American Funds Global Growth Portfolio /0.8./. American Funds Growth Portfolio /-0.8./. American Funds Growth and Income Portfolio /0.98.9/.9 American Funds Balanced Portfolio /0.0./. American Funds Income Portfolio /../. American Funds Tax-Advantaged Income Portfolio /.8./. American Funds Preservation Portfolio /0.0./. American Funds Tax-Exempt Preservation Portfolio /../. Target date funds American Funds 0 Target Date Retirement Fund /0../. American Funds 00 Target Date Retirement Fund /0.0./. American Funds 0 Target Date Retirement Fund /0../. American Funds 00 Target Date Retirement Fund /0.8./. American Funds 0 Target Date Retirement Fund /0../. American Funds 00 Target Date Retirement Fund /0../. American Funds 0 Target Date Retirement Fund /0..9/.9 American Funds 00 Target Date Retirement Fund /0../. American Funds 0 Target Date Retirement Fund /.0./. American Funds 00 Target Date Retirement Fund...../../. applicable fees and expenses. ratios are as of each fund s prospectus available at the time of publication. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Please see americanfunds.com for more information. Although American Funds Money Market Fund has b- plans for some share classes, the fund is currently suspending certain b- payments in this low interest rate environment. Should payments commence, the fund s investment results will be lower and expenses will be higher. Investment results for American Funds Portfolio Series funds assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently waiving its management fee of 0.0% and reimbursing a portion of other expenses for American Funds Tax- Exempt Preservation Portfolio. In addition, the investment adviser has in the past reimbursed certain expenses for American Funds Preservation Portfolio. Investment results and net expense ratios reflect the waiver and/or any current reimbursements, without which the results would have been lower and the expenses would have been higher. After December, 0, the adviser may modify or terminate the waiver, but only with fund board approval. The reimbursement will be in effect through at least December, 0, unless modified or terminated by the fund s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. ratios are as of each fund s prospectus available at the time of publication and include the weighted average expenses of the underlying funds. Investment results for the target date funds assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently waiving its management fee of 0.0%. After December, 0, the adviser may modify or terminate the waiver, but only with fund board approval. In addition, the investment adviser has in the past reimbursed certain expenses for all share classes. Investment results and net expense ratios reflect the waiver and reimbursements, without which the results would have been lower and the expenses would have been higher. The expense ratios are as of each fund s prospectus available at the time of publication and include the weighted average expenses of the underlying funds. Investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund-offunds expenses. The funds risks are directly related to the risks of the underlying funds. Class C shares were first offered on March, 00 (on February, 0, in funds in the American Funds Target Date Retirement Series). Class C share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated additional annual expenses. Class C shares convert to Class F- shares after 0 years. Please see americanfunds.com for more information on specific expense adjustments and the actual dates of first sale. Two SEC yields are shown for some funds. The first number reflects the fee waiver and/or reimbursement; the second does not. Fund lifetime return. The fund began operations May, 009. seven-day SEC yield, which more accurately reflects the fund s current earnings than does total return. Fund lifetime return. The fund began operations May 8, 0. Fund lifetime return. The fund began operations February, 00. Fund lifetime return. The fund began operations February, 00.

8 Class F- shares March, 0 year % years % 0 years % 0-day at NAV % Growth funds AMCAP Fund EuroPacific Growth Fund The Growth Fund of America The New Economy Fund New Perspective Fund New World Fund SMALLCAP World Fund Growth-and-income funds American Funds Developing World Growth and Income Fund American Mutual Fund Capital World Growth and Income Fund Fundamental Investors International Growth and Income Fund The Investment Company of America Washington Mutual Investors Fund Equity-income funds Capital Income Builder The Income Fund of America Balanced funds American Balanced Fund American Funds Global Balanced Fund Bond funds American Funds Inflation Linked Bond Fund American Funds Mortgage Fund 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 funds 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 The Tax-Exempt Fund of Maryland The Tax-Exempt Fund of Virginia applicable fees and expenses. ratios are as of each fund s Fund lifetime return. The fund began operations February, 0. Fund lifetime return. The fund began operations December, 0. prospectus available at the time of publication. The expense ratio Fund lifetime return. The fund began operations November, 00. for American Funds Inflation Linked Bond Fund is estimated. When Results for Short-Term Bond Fund of America and American Funds applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Please see Short-Term Tax-Exempt Bond Fund include hypothetical returns based on Class A share results without a sales charge, adjusted for estimated americanfunds.com for more information. The investment adviser is additional annual expenses, because those funds Class F- shares sold currently reimbursing a portion of other expenses for American Funds after the funds inception dates of October, 00, and August, 009, Tax-Exempt Fund of New York. Investment results reflect the reimbursement, without which the results would have been lower and the expenses respectively. Please see americanfunds.com for more information on specific expense adjustments and actual dates of first sale. would have been higher. This reimbursement will be in effect through at 8 Fund lifetime return. The fund began operations October, 00. least September 0, 0, unless modified or terminated by the fund s 9 board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Please see each fund s most recent converted to American Funds Short-Term Tax-Exempt Bond Fund on The Tax-Exempt Money Fund of America (inception: October, 989) prospectus for details. August, 009. Investment results shown do not include the fund s results for the period it operated as The Tax-Exempt Money Fund of Two SEC yields are shown for some funds. The first number reflects an America, whose results can be found in American Funds Short-Term expense reimbursement; the second does not. Tax-Exempt Bond Fund s prospectus. Fund lifetime return. The fund began operations February, 0. 0 Fund lifetime return. The fund began operations August, 009. Fund lifetime return. The fund began operations October, 008.

9 Class F- shares March, 0 year % years % 0 years % 0-day at NAV % (net/gross) Money market fund American Funds Money Market Fund / Portfolio Series funds American Funds Global Growth Portfolio.9..0/ /.00 American Funds Growth Portfolio /0. 0.8/0.9 American Funds Growth and Income Portfolio...8/. 0./0.8 American Funds Balanced Portfolio.90.0./. 0.8/0.88 American Funds Income Portfolio /.9 0.0/0.80 American Funds Tax-Advantaged Income Portfolio.9../. 0.8/0.88 American Funds Preservation Portfolio /0.8 0./0.8 American Funds Tax-Exempt Preservation Portfolio.8../. 0./0.8 Target date funds American Funds 0 Target Date Retirement Fund /.0 0.8/0.9 American Funds 00 Target Date Retirement Fund /.8 0.9/0.89 American Funds 0 Target Date Retirement Fund...0./.0 0.9/0.89 American Funds 00 Target Date Retirement Fund...0.9/ /0.90 American Funds 0 Target Date Retirement Fund /. 0.9/0.89 American Funds 00 Target Date Retirement Fund /.8 0./0.8 American Funds 0 Target Date Retirement Fund /.0 0./0.8 American Funds 00 Target Date Retirement Fund /.9 0./0.8 American Funds 0 Target Date Retirement Fund /.8 0./0.8 American Funds 00 Target Date Retirement Fund /.9 0./0.8 applicable fees and expenses. ratios are as of each fund s prospectus available at the time of publication. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Please see americanfunds.com for more information. Although American Funds Money Market Fund has b- plans for some share classes, the fund is currently suspending certain b- payments in this low interest rate environment. Should payments commence, the fund s investment results will be lower and expenses will be higher. Investment results for American Funds Portfolio Series funds assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently waiving its management fee of 0.0% and reimbursing a portion of other expenses for American Funds Tax- Exempt Preservation Portfolio. In addition, the investment adviser has in the past reimbursed certain expenses for American Funds Preservation Portfolio. Investment results and net expense ratios reflect the waiver and/or any current reimbursements, without which the results would have been lower and the expenses would have been higher. After December, 0, the adviser may modify or terminate the waiver, but only with fund board approval. The reimbursement will be in effect through at least December, 0, unless modified or terminated by the fund s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. ratios are as of each fund s prospectus available at the time of publication and include the weighted average expenses of the underlying funds. Investment results for the target date funds assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently waiving its management fee of 0.0%. After December, 0, the adviser may modify or terminate the waiver, but only with fund board approval. In addition, the investment adviser has in the past reimbursed certain expenses for all share classes. Investment results and net expense ratios reflect the waiver and reimbursements, without which the results would have been lower and the expenses would have been higher. The expense ratios are as of each fund s prospectus available at the time of publication and include the weighted average expenses of the underlying funds. Investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund-offunds expenses. The funds risks are directly related to the risks of the underlying funds. Class F- shares were first offered on March, 00 (on February, 0, in funds in the American Funds Target Date Retirement Series). Class F- share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated additional annual expenses. Please see americanfunds.com for more information on specific expense adjustments and the actual dates of first sale. Two SEC yields are shown for some funds. The first number reflects the fee waiver and/or reimbursement; the second does not. Fund lifetime return. The fund began operations May, 009. seven-day SEC yield, which more accurately reflects the fund s current earnings than does total return. Fund lifetime return. The fund began operations May 8, 0. Fund lifetime return. The fund began operations February, 00. Fund lifetime return. The fund began operations February, 00.

10 Class F- shares March, 0 year % years % 0 years % 0-day at NAV % Growth funds AMCAP Fund EuroPacific Growth Fund The Growth Fund of America The New Economy Fund New Perspective Fund New World Fund SMALLCAP World Fund Growth-and-income funds American Funds Developing World Growth and Income Fund American Mutual Fund Capital World Growth and Income Fund Fundamental Investors International Growth and Income Fund The Investment Company of America Washington Mutual Investors Fund Equity-income funds Capital Income Builder The Income Fund of America Balanced funds American Balanced Fund American Funds Global Balanced Fund Bond funds American Funds Inflation Linked Bond Fund American Funds Mortgage Fund 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 funds 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 The Tax-Exempt Fund of Maryland The Tax-Exempt Fund of Virginia applicable fees and expenses. ratios are as of each fund s prospectus available at the time of publication. The expense ratio for American Funds Inflation Linked Bond Fund is estimated. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Please see americanfunds.com for more information. The investment adviser is currently reimbursing a portion of other expenses for American Funds Tax-Exempt Fund of New York. Investment results reflect the reimbursement, without which the results would have been lower and the expenses would have been higher. This reimbursement will be in effect through at least September 0, 0, unless modified or terminated by the fund s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Please see each fund s most recent prospectus for details. Results for certain funds with an inception date after August, 008, also include hypothetical returns because those funds Class F- shares sold after the funds date of first offering. Please see americanfunds.com for more information on specific expense adjustments and the actual dates of first sale. Two SEC yields are shown for some funds. The first number reflects an expense reimbursement; the second does not. Fund lifetime return. The fund began operations February, 0. Fund lifetime return. The fund began operations October, 008. Fund lifetime return. The fund began operations February, 0. Fund lifetime return. The fund began operations December, 0. Fund lifetime return. The fund began operations November, Fund lifetime return. The fund began operations October, The Tax-Exempt Money Fund of America (inception: October, 989) converted to American Funds Short-Term Tax-Exempt Bond Fund on August, 009. Investment results shown do not include the fund s results for the period it operated as The Tax-Exempt Money Fund of America, whose results can be found in American Funds Short-Term Tax-Exempt Bond Fund s prospectus. 0 Fund lifetime return. The fund began operations August,

11 Class F- shares March, 0 year % years % 0 years % 0-day at NAV % (net/gross) Money market fund American Funds Money Market Fund / Portfolio Series funds American Funds Global Growth Portfolio..8./. 0./0. American Funds Growth Portfolio /0.9 0./0. American Funds Growth and Income Portfolio...0/.9 0.0/0.0 American Funds Balanced Portfolio...8/.8 0./0. American Funds Income Portfolio. 0../. 0./0. American Funds Tax-Advantaged Income Portfolio /.8 0./0. American Funds Preservation Portfolio.9..8/.08 0./0. American Funds Tax-Exempt Preservation Portfolio.9.0.8/. 0./0. Target date funds American Funds 0 Target Date Retirement Fund..../. 0./0. American Funds 00 Target Date Retirement Fund.8...8/.8 0./0. American Funds 0 Target Date Retirement Fund.0.../. 0.9/0.9 American Funds 00 Target Date Retirement Fund..../. 0./0. American Funds 0 Target Date Retirement Fund....8/.8 0./0. American Funds 00 Target Date Retirement Fund..../. 0./0. American Funds 0 Target Date Retirement Fund /. 0./0. American Funds 00 Target Date Retirement Fund /. 0.9/0.9 American Funds 0 Target Date Retirement Fund /.0 0./0. American Funds 00 Target Date Retirement Fund /.0 0./0. applicable fees and expenses. ratios are as of each fund s prospectus available at the time of publication. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Please see americanfunds.com for more information. Investment results for American Funds Portfolio Series funds assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently waiving its management fee of 0.0% and reimbursing a portion of other expenses for American Funds Tax- Exempt Preservation Portfolio. In addition, the investment adviser has in the past reimbursed certain expenses for American Funds Preservation Portfolio. Investment results and net expense ratios reflect the waiver and/or any current reimbursements, without which the results would have been lower and the expenses would have been higher. After December, 0, the adviser may modify or terminate the waiver, but only with fund board approval. The reimbursement will be in effect through at least December, 0, unless modified or terminated by the fund s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. ratios are as of each fund s prospectus available at the time of publication and include the weighted average expenses of the underlying funds. Investment results for the target date funds assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently waiving its management fee of 0.0%. After December, 0, the adviser may modify or terminate the waiver, but only with fund board approval. In addition, the investment adviser has in the past reimbursed certain expenses for all share classes. Investment results and net expense ratios reflect the waiver and reimbursements, without which the results would have been lower and the expenses would have been higher. The expense ratios are as of each fund s prospectus available at the time of publication and include the weighted average expenses of the underlying funds. Investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund-offunds expenses. The funds risks are directly related to the risks of the underlying funds. Class F- shares were first offered on August, 008 (on February, 0, in funds in the American Funds Target Date Retirement Series). Class F- share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for typical estimated expenses. Please see americanfunds.com for more information on specific expense adjustments and the actual dates of first sale. Two SEC yields are shown for some funds. The first number reflects the fee waiver and/or reimbursement; the second does not. Fund lifetime return. The fund began operations May, 009. seven-day SEC yield, which more accurately reflects the fund s current earnings than does total return. Fund lifetime return. The fund began operations May 8, 0. Fund lifetime return. The fund began operations February, 00. Fund lifetime return. The fund began operations February, 00. 9

12 Results at net asset value do not reflect the funds maximum sales charges. If these had been deducted, results would have been lower. Results at maximum offering price reflect deduction of the funds maximum sales charges (.% for equity funds,.% for most bond funds,.0% for shorter term* bond funds). CollegeAmerica Class 9-A shares March, 0 Without sales charge (NAV) With maximum sales charge (MOP) year % years % 0 years % year % years % 0 years % 0-day at MOP % Growth funds AMCAP Fund EuroPacific Growth Fund The Growth Fund of America The New Economy Fund New Perspective Fund New World Fund SMALLCAP World Fund Growth-and-income funds American Funds Developing World Growth and Income Fund American Mutual Fund Capital World Growth and Income Fund Fundamental Investors International Growth and Income Fund The Investment Company of America Washington Mutual Investors Fund Equity-income funds Capital Income Builder The Income Fund of America Balanced funds American Balanced Fund American Funds Global Balanced Fund Bond funds American Funds Inflation Linked Bond Fund American Funds Mortgage Fund 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 From January 0, 000, to October, 00, the maximum sales charge Fund lifetime return. The fund began operations October, 008. for Intermediate Bond Fund of America was.%. Fund lifetime return. The fund began operations February, 0. Fund lifetime return. The fund began operations December, 0. applicable fees and expenses. ratios are as of each fund s Fund lifetime return. The fund began operations November, 00. prospectus available at the time of publication. The expense ratio for Results for Short-Term Bond Fund of America include hypothetical American Funds Inflation Linked Bond Fund is estimated. When applicable, investment results reflect fee waivers and/or expense reimburse- for estimated additional annual expenses, because that fund s Class returns based on Class A share results without a sales charge, adjusted ments, without which results would have been lower. Please see 9-A shares sold after the fund s inception date of October, 00. americanfunds.com for more information. Please see americanfunds.com for more information on specific Two SEC yields are shown for some funds. The first number reflects an expense adjustments and the actual date of first sale. expense reimbursement; the second does not. 8 Fund lifetime return. The fund began operations October, 00. Fund lifetime return. The fund began operations February, 0. 0

13 Results at net asset value do not reflect the funds maximum sales charges. If these had been deducted, results would have been lower. Results at maximum offering price reflect deduction of the funds maximum sales charges (.% for most Portfolio Series* funds,.% for most college target date funds, and.0% for American Funds Preservation Portfolio and American Funds College Enrollment Fund). CollegeAmerica Class 9-A shares March, 0 Without sales charge (NAV) With maximum sales charge (MOP) year % years % 0 years % year % years % 0 years % 0-day at MOP % (net/gross) Money market fund American Funds Money Market Fund / Portfolio Series funds American Funds Global Growth Portfolio* / /.00 American Funds Growth Portfolio* /0. 0.8/0.9 American Funds Growth and Income Portfolio* /.8 0.8/0.88 American Funds Balanced Portfolio* /. 0.8/0.9 American Funds Income Portfolio* /.9 0./0.8 American Funds Preservation Portfolio /0. 0./0.8 College target date funds American Funds College 00 Fund /. 0.9/0.89 American Funds College 0 Fund /. 0.9/0.89 American Funds College 0 Fund /.8 0.9/0.89 American Funds College 0 Fund /. 0./0.8 American Funds College 08 Fund /. 0./0.8 American Funds College 0 Fund / /0.90 American Funds College Enrollment Fund / /0.9 applicable fees and expenses. ratios are as of each fund s prospectus available at the time of publication. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Please see americanfunds.com for more information. Although American Funds Money Market Fund has b- plans for some share classes, the fund is currently suspending certain b- payments in this low interest rate environment. Should payments commence, the fund s investment results will be lower and expenses will be higher. Investment results for American Funds Portfolio Series funds and College Target Date Series funds assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently waiving its management fee of 0.0%. In addition, the investment adviser has in the past reimbursed certain expenses for the College Target Date Funds and American Funds Preservation Portfolio. Investment results and net expense ratios reflect the waiver, without which the results would have been lower and the expenses would have been higher. After December, 0, the adviser may modify or terminate the waiver, but only with fund board approval. ratios are as of each fund s prospectus available at the time of publication and include the weighted average expenses of the underlying funds. Investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund-offunds expenses. The funds risks are directly related to the risks of the underlying funds. Two SEC yields are shown for some funds. The first number reflects an expense reimbursement; the second does not. Fund lifetime return. The fund began operations May, 009. seven-day SEC yield, which more accurately reflects the fund s current earnings than does total return. Fund lifetime return. The fund began operations May 8, 0. Fund lifetime return. The fund began operations September, 0.