We view proxies of companies held by the portfolios as significant fund assets and proxy voting as an integral part of the overall investment process.
Our procedures and principles summarize our views on various corporate governance proposals. In our proxy voting process, we seek to vote solely in the financial interests of our investors.
Global proxy policy (PDF)
Our ESG policy statement explains Capital Group’s approach to integrating material environmental, social and governance considerations into our investment process as we seek to maximize investment returns and provides a high-level perspective on how we approach a range of stewardship topics.
Discover how we approach climate change considerations into our investment process, client offerings and business operations. This report also includes our voluntary carbon market disclosure, made in accordance with the requirements of California's Voluntary Carbon Market Disclosures Act (AB 1305), which provides details on the projects associated with voluntary carbon offsets purchased by Capital Group in the fiscal year 2025 (see page 23).
TCFD report (PDF)
Read answers to common questions we receive about our investment policies and procedures.
Capital Group, home of American Funds, has a conservative approach that focuses on diversified long-term investing. Since sector funds are generally not consistent with this philosophy, we do not choose to offer them.
No. Allowing new investors to transfer assets into American Funds at NAV would be unfair to existing clients who have paid the appropriate sales charge.
However, American Funds does offer a series of breakpoints on investments starting at $25,000 that can substantially reduce or eliminate your sales charge.
Sales charges can also be reduced through rights of accumulation or by purchasing under a statement of intention. Purchases that qualify for NAV are outlined in the funds’ prospectuses.
Since transfer from other fund families is not included in the prospectus as a means of purchasing without a sales charge, we cannot make exceptions to this policy.
Learn more about sales charges and pricing options.
Generally, account statements are mailed whenever there is activity in an account. If you have signed up to receive transaction confirmations or quarterly statements electronically, you will receive an email when this information is available online.
Consolidated statements, which are available for certain types of accounts, provide a summary of fund holdings and account transactions.
You can request consolidated statements by calling or writing to us and indicating whether you want to receive your quarterly statements by mail or email.
Call us at (800) 421-4225 to check the eligibility of an account.
If there is no activity in your account within a time period specified by state law, we may be required to transfer the account to the appropriate state.
FINRA makes available BrokerCheck, a search tool that provides important information about FINRA-registered securities firms and brokers. You may contact the FINRA BrokerCheck Hotline at (800) 289-9999, access this service on their website at finra.org/brokercheck or contact FINRA for a copy of their investor brochure.
Throughout the year, we vote by proxy on thousands of proposals from all types of corporations, ranging from small businesses to international companies.
In some situations, we don’t vote proxies for companies outside the U.S., particularly when the expense outweighs the benefit to shareholders, liquidity issues exist, documents are not sufficient to make an informed decision or if we are not notified of a scheduled meeting.
With respect to Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+, KKR Credit Advisors (US) LLC, as sub-adviser, votes proxies of securities held in the portion of each fund it manages in accordance with its own proxy voting policy.
AMCAP Fund®
American Balanced Fund®
American Funds 2010 Retirement Income Fund
American Funds 2015 Retirement Income Fund
American Funds 2020 Retirement Income Fund
American Funds 2025 Retirement Income Fund
American Funds 2030 Target Date Retirement Fund®
American Funds 2035 Target Date Retirement Fund®
American Funds 2040 Target Date Retirement Fund®
American Funds 2045 Target Date Retirement Fund®
American Funds 2050 Target Date Retirement Fund®
American Funds 2055 Target Date Retirement Fund®
American Funds 2060 Target Date Retirement Fund®
American Funds 2065 Target Date Retirement Fund
American Funds 2070 Target Date Retirement Fund
American Funds College 2027 Fund®
American Funds College 2030 Fund®
American Funds College 2033 Fund®
American Funds College 2036 Fund
American Funds College 2039 Fund
American Funds College 2042 Fund
American Funds College Enrollment Fund®
American Funds CollegeTarget Date Series®
American Funds Conservative Growth and Income Portfolio
American Funds Corporate Bond Fund®
American Funds Developing World Growth and Income Fund
American Funds Emerging Markets Bond Fund®
American Funds Global Balanced Fund
American Funds Global Growth Portfolio
American Funds Global Insight Fund
American Funds Growth and Income Portfolio
American Funds Growth Portfolio
American Funds Income Series
American Funds Inflation Linked Bond Fund®
American Funds International Vantage Fund
American Funds Moderate Growth and Income Portfolio
American Funds Mortgage Fund®
American Funds Multi-Sector Income Fund
American Funds Portfolio Series
American Funds Preservation Portfolio
American Funds Retirement Income Portfolio — Conservative
American Funds Retirement Income Portfolio — Enhanced
American Funds Retirement Income Portfolio — Moderate
American Funds Retirement Income Portfolio Series
American Funds Short-Term Tax-Exempt Bond Fund®
American Funds Strategic Bond Fund
American Funds Target Date Retirement Series®
American Funds Tax-Aware Conservative Growth and Income Portfolio
American Funds Tax-Exempt Fund of New York®
American Funds Tax-Exempt Preservation Portfolio
American Funds Tax-Exempt Series II
American Funds U.S. Government Money Market Fund
American Funds U.S. Small and Mid Cap Equity Fund
American High-Income Municipal Bond Fund®
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®
Emerging Markets Equities Fund
EUPAC Fund™
Fundamental Investors®
The Growth Fund of America®
The Income Fund of America®
Intermediate Bond Fund of America®
International Growth and Income Fund
The Investment Company of America®
Limited Term Tax-Exempt Bond Fund of America®
The New Economy Fund®
New Perspective Fund®
New World Fund®
Short-Term Bond Fund of America®
SMALLCAP World Fund®
The Tax-Exempt Bond Fund of America®
The Tax-Exempt Fund of California®
U.S. Government Securities Fund®
Washington Mutual Investors Fund
Effective January 1, 2026, American Funds 2010 Target Date Retirement Fund® was named American Funds 2010 Target Date Retirement Income Fund; American Funds 2015 Target Date Retirement Fund® was named American Funds 2015 Target Date Retirement Income Fund; American Funds 2020 Target Date Retirement Fund® was named American Funds 2020 Target Date Retirement Income Fund; and American Funds 2025 Target Date Retirement Fund® was named American Funds 2025 Target Date Retirement Income Fund.
AFIS - 2010 Target Date Retirement Income Fund
AFIS - 2015 Target Date Retirement Income Fund
AFIS - 2020 Target Date Retirement Income Fund
AFIS - 2025 Target Date Retirement Income Fund
AFIS - 2030 Target Date Retirement Fund
AFIS - 2035 Target Date Retirement Fund
AFIS - 2040 Target Date Retirement Fund
AFIS - 2045 Target Date Retirement Fund
AFIS - 2050 Target Date Retirement Fund
AFIS - 2055 Target Date Retirement Fund
AFIS - 2060 Target Date Retirement Fund
AFIS - 2065 Target Date Retirement Fund
AFIS - 2070 Target Date Retirement Fund
AFIS - American Funds Global Balanced Fund
AFIS - American Funds Mortgage Fund
AFIS - American High-Income Trust
AFIS - Asset Allocation Fund
AFIS - The Bond Fund of America
AFIS - Capital Income Builder
AFIS - Capital World Bond Fund
AFIS - Capital World Growth and Income Fund
AFIS - EUPAC Fund
AFIS - Global Growth Fund
AFIS - Growth Fund
AFIS - Growth-Income Fund
AFIS - International Growth and Income Fund
AFIS - Managed Risk Asset Allocation Fund
AFIS - Managed Risk EUPAC Fund
AFIS - Managed Risk Growth Fund
AFIS - Managed Risk Growth-Income Fund
AFIS - Managed Risk Washington Mutual Investors Fund
AFIS - New World Fund
AFIS - Portfolio Series - American Funds Global Growth Portfolio
AFIS - Portfolio Series - American Funds Growth and Income Portfolio
AFIS - Portfolio Series - American Funds Managed Risk Global Allocation Portfolio
AFIS - Portfolio Series - American Funds Managed Risk Growth Portfolio
AFIS - Portfolio Series - American Funds Managed Risk Growth and Income Portfolio
AFIS - SMALLCAP World Fund
AFIS - Ultra-Short Bond Fund
AFIS - U.S. Government Securities Fund
AFIS - U.S. Small and Mid Cap Equity Fund
AFIS - Washington Mutual Investors Fund
American Funds Insurance Series
Capital Group Conservative Equity ETF
Capital Group Core Balanced ETF
Capital Group Core Bond ETF
Capital Group Core Equity ETF
Capital Group Core Plus Income ETF
Capital Group Dividend Growers ETF
Capital Group Dividend Value ETF
Capital Group Equity ETF Trust 1
Capital Group Fixed Income ETF Trust
Capital Group Global Equity ETF
Capital Group Global Growth Equity ETF
Capital Group Growth ETF
Capital Group High Yield Bond ETF
Capital Group International Bond ETF
Capital Group International Core Equity ETF
Capital Group International Equity ETF
Capital Group International Focus Equity ETF
Capital Group Municipal High-Income ETF
Capital Group Municipal Income ETF
Capital Group New Geography Equity ETF
Capital Group Short Duration Income ETF
Capital Group Short Duration Municipal Income ETF
Capital Group U.S. Large Growth ETF
Capital Group U.S. Large Value ETF
Capital Group U.S. Multi-Sector Income ETF
Capital Group U.S. Small and Mid Cap ETF
Capital Group Ultra Short Income ETF
Capital Group California Core Municipal Fund
Capital Group California Short-Term Municipal Fund
Capital Group Central Cash Fund
Capital Group Central Corporate Bond Fund
Capital Group Central Fund Series
Capital Group Central Fund Series II
Capital Group Completion Fund Series
Capital Group Core Bond Fund
Capital Group Core Bond Completion Fund
Capital Group Core Municipal Fund
Capital Group Core Plus Completion Fund
Capital Group Global Equity Fund
Capital Group International Equity Fund
Capital Group Municipal Income Completion Fund
Capital Group Private Client Services Funds
Capital Group Short-Term Municipal Fund
Capital Group U.S. Equity Fund
If you have questions about our proxy guidelines and voting results, please contact your financial professional or call us for assistance.
UN Principles of Responsible Investment (PRI)
Task Force on Climate-related Financial Disclosures (TCFD)
UK Stewardship Code
Japan Stewardship Code
Hong Kong Stewardship Code
United Nations Global Compact
Institute for International Finance (IIF)
The Conference Board
International Financial Reporting Standards Foundation (IFRS) - Member of ISSB Investor Advisory Group
FAIRR Initiative
CDP (formerly the Carbon Disclosure Project)
Investment Company Institute (ICI)
Securities Industry and Financial Markets Association (SIFMA)
Insured Retirement Institute (IRI)
Investment Adviser Association (IAA)
American Benefits Council (ABC)
Employee Benefit Research Institute (EBRI)
Indiana Chamber of Commerce
Hampton Roads Chamber of Commerce
North San Antonio Chamber of Commerce
Council of Institutional Investors (CII)
Harvard Law School Institutional Investor Forum (HIIF)
Investment Funds Institute of Canada (IFIC)
Canadian Coalition for Good Governance (CCGG)
US - China Business Council
USISPF
European Fund and Asset Management Association (EFAMA)
The Investor Forum (UK)
UK Financial Reporting Council’s Stakeholder Insight Group
Investment Association (IA)
Assogestioni (Italian Investment Management Association)
BVI German Investment Funds Association
Association of the Luxembourg Fund Industry (ALFI)
Irish Association of Pension Funds (IAPF)
Association of Foreign Banks in Switzerland (AFBS)
Spanish Association of Investment and Pension Funds (INVERCO)
Asset Management Association Switzerland (AMAS)
Eumedion Corporate Governance Forum
Portuguese Association of Asset Managers (APFIPP)
AmCham EU
Dutch Fund and Asset Management Association (DUFAS)
Asian Corporate Governance Association (ACGA)
Asia Securities Industry and Financial Markets Association (ASIFMA)
Japan Investment Advisers Association (JIAA)
Investment Management Association of Singapore (IMAS)
30% Club Japan
FSC Australia
AmCham Japan
AmCham Shanghai
Gulf Capital Markets Association (GCMA)
Japan Investment Trust Association
Hong Kong Investment Funds Association (HKIFA)
Please click on the relevant links below to view regulatory documents related to Separately Managed Account (SMA) services offered by Capital Research and Management Company. Please review the disclosures carefully as they provide important information about the services provided, fees, conflicts of interest and other topics relevant to SMA investors. Capital Research and Management Company serves solely as an investment adviser to these programs and does not act as the sponsor to any SMA program. Clients who enroll in SMA programs should also carefully review the Form CRS (Client Relationship Summary), Form ADV brochure and other program documents provided by the sponsor and/or their financial professional.
Form CRS (PDF)
Form ADV brochure (PDF)