Global disclosures

Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

While Capital Group uses reasonable efforts to obtain information from third-party sources which it believes to be reliable, Capital Group makes no representation or warranty as to the accuracy, reliability or completeness of the information.

Capital Group manages investment strategies and issues communications in multiple regions around the world. The material is not intended to be distributed or used by persons in jurisdictions which prohibit its distribution. See below for additional details related to specific regions.

In Australia, this communication is issued by Capital Group Investment Management Limited (ACN 164 174 501 AFSL No. 443 118), a member of Capital Group, located at Suite 4201, Level 42, Gateway, 1 Macquarie Place, Sydney NSW 2000 Australia.

In Canada, this communication is issued by Capital International Asset Management (Canada), Inc., part of Capital Group, a global investment management firm originating in Los Angeles, California in 1931. For Canadian funds (if applicable): Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

In Europe: This communication is issued by Capital International Management Company Sàrl (“CIMC”), 37A avenue J.F. Kennedy, L-1855 Luxembourg, unless otherwise specified, and is distributed for information purposes only. CIMC is regulated by the Commission de Surveillance du Secteur Financier (“CSSF” - Financial Regulator of Luxembourg) and is a subsidiary of the Capital Group Companies, Inc. (Capital Group).

In Hong Kong, this communication is issued by Capital International, Inc., a member of Capital Group, a company incorporated in California, United States of America. The liability of members is limited.

In Japan, this communication is issued by Capital International K.K. (Financial Instruments Business Operators No. 317 at Kanto Financial Bureau, a member of Japan Investment Advisers Association and The Investment Trust Association, Japan) located at Marunouchi Nijubashi Building, 19th floor, 3-2-3 Marunouchi, Chiyoda-ku, Tokyo, Japan 100-0005.

In Singapore, this communication has been prepared by Capital Group Investment Management Pte. Ltd., a member of Capital Group, a company incorporated in Singapore.

In Switzerland, this communication is issued by Capital International Sàrl (authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA), a subsidiary of the Capital Group Companies, Inc.

In the U.K., this communication is issued by Capital International Limited (authorised and regulated by the UK Financial Conduct Authority), a subsidiary of the Capital Group Companies, Inc. (Capital Group).