2025 year-end distributions

January 23, 2026

Capital Gain Distribution

Capital Gain Distributions

Capital gain distributions for 2025 are listed below.

For American Funds and public-private funds, distributions are based on the fund shares owned at the beginning of the day on the record date. For Capital Group exchange-traded funds, distributions are based on the fund shares owned at the end of the day on the record date.

Read our Capital gains FAQ to learn about capital gain distributions and how they affect your account.

Year-end distributions of capital gains
				Per-share amounts
Fund	Ex-date	Record date	Payment date	Long-term	Short-term^*

AMCAP Fund®	12/12	12/12	12/15	$2.1509	—
American Balanced Fund®	12/15	12/15	12/16	2.1250	—
American Funds® Core Plus Bond Fund	12/31	12/31	1/2/26	—	$0.0034
American Funds Corporate Bond Fund®	12/31	12/31	1/2/26	—	—
American Funds® Developing World Growth and Income Fund	12/19	12/19	12/22	—	—
American Funds Emerging Markets Bond Fund®	12/31	12/31	1/2/26	—	—
American Funds® Global Balanced Fund	12/19	12/19	12/22	1.5900	—
American Funds® Global Insight Fund	12/15	12/15	12/16	—	—
American Funds Inflation Linked Bond Fund®	12/17	12/17	12/18	—	—
American Funds® International Vantage Fund	12/15	12/15	12/16	0.3912	—
American Funds Mortgage Fund®	12/31	12/31	1/2/26	—	—
American Funds® Multi-Sector Income Fund	12/31	12/31	1/2/26	—	—
American Funds Short-Term Tax-Exempt Bond Fund®	12/31	12/31	1/2/26	—	—
American Funds® Strategic Bond Fund	12/17	12/17	12/18	—	—
American Funds Tax-Exempt Fund of New York®	12/31	12/31	1/2/26	—	—
American Funds® U.S. Government Money Market Fund	12/31	12/31	1/2/26	—	—
American High-Income Municipal Bond Fund®	12/31	12/31	1/2/26	—	—
American High-Income Trust®	12/31	12/31	1/2/26	—	—
American Mutual Fund®	12/16	12/16	12/17	3.5044	—
The Bond Fund of America®	12/31	12/31	1/2/26	—	—
Capital Income Builder®	12/18	12/18	12/19	3.6070	—
Capital World Bond Fund®	12/17	12/17	12/18	—	—
Capital World Growth and Income Fund®	12/16	12/16	12/17	6.3418	—
Emerging Markets Equities Fund	12/22	12/22	12/23	0.2668	0.0275
EUPAC Fund™	12/18	12/18	12/19	4.7949	—
Fundamental Investors®	12/17	12/17	12/18	5.2750	—
The Growth Fund of America®	12/17	12/17	12/18	8.3640	—
The Income Fund of America®	12/15	12/15	12/16	1.5865	—
Intermediate Bond Fund of America®	12/31	12/31	1/2/26	—	—
International Growth and Income Fund	12/19	12/19	12/22	2.4875	—
The Investment Company of America®	12/16	12/16	12/17	5.4453	—
Limited Term Tax-Exempt Bond Fund of America®	12/31	12/31	1/2/26	—	—
The New Economy Fund®	12/16	12/16	12/17	7.2144	—
New Perspective Fund®	12/18	12/18	12/19	3.8766	—
New World Fund®	12/18	12/18	12/19	4.2720	—
Short-Term Bond Fund of America®	12/31	12/31	1/2/26	—	—
SMALLCAP World Fund®	12/19	12/19	12/22	3.0140	—
The Tax-Exempt Bond Fund of America®	12/31	12/31	1/2/26	—	—
The Tax-Exempt Fund of California®	12/31	12/31	1/2/26	—	—
U.S. Government Securities Fund®	12/31	12/31	1/2/26	—	—
Washington Mutual Investors Fund	12/18	12/18	12/19	2.9735	—

AMERICAN FUNDS® PORTFOLIO SERIES

American Funds® Conservative Growth and Income Portfolio	12/29	12/29	12/30	0.2752	—
American Funds® Global Growth Portfolio	12/29	12/29	12/30	1.2416	—
American Funds® Growth and Income Portfolio	12/29	12/29	12/30	0.8535	—
American Funds® Growth Portfolio	12/29	12/29	12/30	1.5541	—
American Funds® Moderate Growth and Income Portfolio	12/29	12/29	12/30	0.7599	—
American Funds® Preservation Portfolio	12/29	12/29	12/30	—	—
American Funds® Tax-Aware Conservative Growth and Income Portfolio	12/29	12/29	12/30	0.5372	—
American Funds® Tax-Exempt Preservation Portfolio	12/29	12/29	12/30	—	—

AMERICAN FUNDS® RETIREMENT INCOME PORTFOLIO SERIES

American Funds® Retirement Income Portfolio — Conservative	12/29	12/29	12/30	—	—
American Funds® Retirement Income Portfolio — Enhanced	12/29	12/29	12/30	0.4293	—
American Funds® Retirement Income Portfolio — Moderate	12/29	12/29	12/30	0.3439	—

AMERICAN FUNDS TARGET DATE RETIREMENT SERIES®

American Funds 2070 Target Date Retirement Fund	12/24	12/24	12/26	0.1348	—
American Funds 2065 Target Date Retirement Fund	12/24	12/24	12/26	0.7703	—
American Funds 2060 Target Date Retirement Fund®	12/24	12/24	12/26	0.9684	—
American Funds 2055 Target Date Retirement Fund®	12/24	12/24	12/26	1.5254	—
American Funds 2050 Target Date Retirement Fund®	12/24	12/24	12/26	1.2111	—
American Funds 2045 Target Date Retirement Fund®	12/24	12/24	12/26	1.2138	—
American Funds 2040 Target Date Retirement Fund®	12/24	12/24	12/26	1.1522	—
American Funds 2035 Target Date Retirement Fund®	12/24	12/24	12/26	0.9364	—
American Funds 2030 Target Date Retirement Fund®	12/24	12/24	12/26	0.8400	—
American Funds® 2025 Target Date Retirement Income Fund^†	12/24	12/24	12/26	0.8125	—
American Funds® 2020 Target Date Retirement Income Fund^†	12/24	12/24	12/26	0.7546	—
American Funds® 2015 Target Date Retirement Income Fund^†	12/24	12/24	12/26	0.6355	—
American Funds® 2010 Target Date Retirement Income Fund^†	12/24	12/24	12/26	0.5178	—

EXCHANGE-TRADED FUNDS

CGCV — Capital Group Conservative Equity ETF	12/26	12/26	12/29	—	—
CGBL — Capital Group Core Balanced ETF	12/26	12/26	12/29	—	—
CGCB — Capital Group Core Bond ETF	12/24	12/24	12/26	—	—
CGUS — Capital Group Core Equity ETF	12/26	12/26	12/29	—	—
CGCP — Capital Group Core Plus Income ETF	12/24	12/24	12/26	—	—
CGDG — Capital Group Dividend Growers ETF	12/26	12/26	12/29	—	—
CGDV — Capital Group Dividend Value ETF	12/26	12/26	12/29	—	—
CGGE — Capital Group Global Equity ETF	12/26	12/26	12/29	—	—
CGGO — Capital Group Global Growth Equity ETF	12/26	12/26	12/29	—	—
CGGR — Capital Group Growth ETF	12/26	12/26	12/29	—	—
CGHY — Capital Group High Yield Bond ETF	12/24	12/24	12/26	—	—
CGIB — Capital Group International Bond ETF (USD-Hedged)	12/24	12/24	12/26	—	—
CGIC — Capital Group International Core Equity ETF	12/26	12/26	12/29	—	—
CGIE — Capital Group International Equity ETF	12/26	12/26	12/29	—	—
CGXU — Capital Group International Focus Equity ETF	12/26	12/26	12/29	—	—
CGHM — Capital Group Municipal High-Income ETF	12/24	12/24	12/26	—	—
CGMU — Capital Group Municipal Income ETF	12/24	12/24	12/26	—	—
CGNG — Capital Group New Geography Equity ETF	12/26	12/26	12/29	—	—
CGSD — Capital Group Short Duration Income ETF	12/24	12/24	12/26	—	—
CGSM — Capital Group Short Duration Municipal Income ETF	12/24	12/24	12/26	—	—
CGUI — Capital Group Ultra Short Income ETF	12/24	12/24	12/26	—	—
CGGG — Capital Group U.S. Large Growth ETF	12/26	12/26	12/29	—	—
CGVV — Capital Group U.S. Large Value ETF	12/26	12/26	12/29	—	—
CGMS — Capital Group U.S. Multi-Sector Income ETF	12/24	12/24	12/26	—	—
CGMM — Capital Group U.S. Small and Mid Cap ETF	12/26	12/26	12/29	—	—

PUBLIC-PRIVATE FUNDS

Capital Group KKR Core Plus +	12/31	12/31	1/2/26	—	0.0544
Capital Group KKR Multi-Sector +	12/31	12/31	1/2/26	—	0.0351

Footnote/Important information:

*Some funds may pay a year-end distribution of short-term capital gains, which are taxed as ordinary income.

†Effective January 1, 2026, American Funds 2025 Target Date Retirement Fund® was named American Funds 2025 Target Date Retirement Income Fund; American Funds 2020 Target Date Retirement Fund® was named American Funds 2020 Target Date Retirement Income Fund; American Funds 2015 Target Date Retirement Fund® was named American Funds 2015 Target Date Retirement Income Fund; and American Funds 2010 Target Date Retirement Fund® was named American Funds 2010 Target Date Retirement Income Fund.

Dividends

Income dividends

In December, many funds paid regular income dividends. In addition, several funds paid special dividends.

Income dividends for American Funds can be found in Historical Distributions.

Income dividends for ETFs can be found in Historical Distributions.

Income dividends for the public-private funds can be accessed from each fund's details page by clicking on the FIND HISTORICAL DISTRIBUTIONS link, located under "Prices and distributions" in the Returns section.

Special dividends

The following funds paid special dividends in December, in addition to their regular dividend payment.

Funds that paid special dividends
Fund	Per-share amounts
American Balanced Fund®	$0.3400
American Funds Short-Term Tax-Exempt Bond Fund®¹	0.0032
American High-Income Municipal Bond Fund®¹	0.0086
American Mutual Fund®	0.1050
Capital Income Builder®	0.4650
Capital World Growth and Income Fund®	0.3150
The Income Fund of America®	0.3300
Limited Term Tax-Exempt Bond Fund of America®¹	0.0032
Washington Mutual Investors Fund	0.0650
Capital Group KKR Core Plus+	0.0303
Capital Group KKR Multi-Sector+	0.0481

Footnote/Important information:
¹ While the regular dividend payment for these funds are 100% tax-exempt, the special dividends disclosed in the chart are 100% taxable.

Qualified dividends

Funds that invest in stocks of U.S. corporations and many of those based outside the U.S. pay dividends that qualify for lower tax rates. However, when a fund derives a significant portion of its income from sources such as interest, short-term capital gains and dividends from certain international corporations, a portion of its dividend does not qualify for reduced tax rates. Instead, that portion is taxed at the ordinary income rates. Funds that derive all of their income from investments in bonds, money market instruments and non-dividend-paying investments do not pay qualified dividends.

For most investors, the amount of qualified dividends received will be reported on Form 1099-DIV (mailed by January 31, 2026).

Funds that paid qualified dividends
Fund	Qualified dividend income percentage*	Qualified short-term capital gains percentage^†
American Balanced Fund®	41.94%	—
American Funds Corporate Bond Fund®	0.43	—
American Funds® Developing World Growth and Income Fund	66.09	—
American Funds Emerging Markets Bond Fund®	0.69	—
American Funds® Global Balanced Fund	51.93	—
American Funds® Global Insight Fund	100.00	—
American Funds® International Vantage Fund	100.00	—
American Funds® Multi-Sector Income Fund	0.19	—
American Funds® Strategic Bond Fund	0.21	—
American High-Income Trust®	0.29	—
American Mutual Fund®	100.00	—
The Bond Fund of America®	0.10	—
Capital Income Builder®	70.90	—
Capital World Bond Fund®	1.04	—
Capital World Growth and Income Fund®	100.00	—
Emerging Markets Equities Fund	65.04	—
EUPAC Fund^TM	52.96	—
Fundamental Investors®	100.00	—
Intermediate Bond Fund of America®	0.02	—
The Growth Fund of America®	100.00	—
The Income Fund of America®	52.05	—
International Growth and Income Fund	83.99	—
The Investment Company of America®	100.00	—
New Perspective Fund®	100.00	—
New World Fund®	88.44	—
SMALLCAP World Fund®	88.27	—
Washington Mutual Investors Fund	100.00	—

AMERICAN FUNDS® PORTFOLIO SERIES

American Funds® Conservative Growth and Income Portfolio	31.54	—
American Funds® Global Growth Portfolio	100.00	—
American Funds® Growth and Income Portfolio	69.73	—
American Funds® Growth Portfolio	100.00	—
American Funds® Moderate Growth and Income Portfolio	54.23	—
American Funds® Preservation Portfolio	0.01	—
American Funds® Tax-Aware Conservative Growth and Income Portfolio	100.00	—

AMERICAN FUNDS® RETIREMENT INCOME PORTFOLIO SERIES

American Funds® Retirement Income Portfolio — Conservative	30.68	—
American Funds® Retirement Income Portfolio — Enhanced	47.05	—
American Funds® Retirement Income Portfolio — Moderate	41.11	—

AMERICAN FUNDS TARGET DATE RETIREMENT SERIES®

American Funds 2070 Target Date Retirement Fund	86.62	—
American Funds 2065 Target Date Retirement Fund	84.46	—
American Funds 2060 Target Date Retirement Fund®	83.94	—
American Funds 2055 Target Date Retirement Fund®	83.51	—
American Funds 2050 Target Date Retirement Fund®	82.28	—
American Funds 2045 Target Date Retirement Fund®	80.36	—
American Funds 2040 Target Date Retirement Fund®	75.87	—
American Funds 2035 Target Date Retirement Fund®	61.04	—
American Funds 2030 Target Date Retirement Fund®	47.38	—
American Funds® 2025 Target Date Retirement Income Fund^‡	38.12	—
American Funds® 2020 Target Date Retirement Income Fund^‡	37.76	—
American Funds® 2015 Target Date Retirement Income Fund^‡	34.67	—
American Funds® 2010 Target Date Retirement Income Fund^‡	34.41	—

EXCHANGE-TRADED FUNDS

CGCV — Capital Group Conservative Equity ETF	100.00	—
CGBL — Capital Group Core Balanced ETF	34.17	—
CGCB — Capital Group Core Bond ETF	0.34	—
CGUS — Capital Group Core Equity ETF	100.00	—
CGCP — Capital Group Core Plus Income ETF	0.04	—
CGDG — Capital Group Dividend Growers ETF	100.00	—
CGDV — Capital Group Dividend Value ETF	100.00	—
CGGE — Capital Group Global Equity ETF	100.00	—
CGGO — Capital Group Global Growth Equity ETF	49.97	—
CGGR — Capital Group Growth ETF	100.00	—
CGHY — Capital Group High Yield Bond ETF	0.28	—
CGIB — Capital Group International Bond ETF (USD-Hedged)	1.28	—
CGIC — Capital Group International Core Equity ETF	93.52	—
CGIE — Capital Group International Equity ETF	100.00	—
CGXU — Capital Group International Focus Equity ETF	29.90	—
CGNG — Capital Group New Geography Equity ETF	100.00	—
CGGG — Capital Group U.S. Large Growth ETF	100.00	—
CGVV — Capital Group U.S. Large Value ETF	100.00	—
CGMS — Capital Group U.S. Multi-Sector Income ETF	0.14	—
CGMM — Capital Group U.S. Small and Mid Cap ETF	100.00	—

Footnotes/Important Information:

*This percentage applies to the fund's taxable income dividends and foreign taxes reported on Box 1a of Form 1099-DIV.

†This percentage applies to the fund's short-term capital gain distributions reported on Box 1a of Form 1099-DIV.
‡Effective January 1, 2026, American Funds 2025 Target Date Retirement Fund® was named American Funds 2025 Target Date Retirement Income Fund; American Funds 2020 Target Date Retirement Fund® was named American Funds 2020 Target Date Retirement Income Fund; American Funds 2015 Target Date Retirement Fund® was named American Funds 2015 Target Date Retirement Income Fund; and American Funds 2010 Target Date Retirement Fund® was named American Funds 2010 Target Date Retirement Income Fund.

Return of Capital

Return of capital

For the year ended December 31, 2025, distributions made by American Funds Emerging Markets Bond Fund, American Funds Strategic Bond Fund and Capital World Bond Fund exceeded total taxable income resulting in a return of capital for tax purposes. Refer to “Form 8937: Report of Organizational Actions” in our Tax Center for more information. The actual amount of return of capital will be reported in Box 3 "Nondividend Distributions" of the 2025 1099-DIV (mailed in late January).

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 account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.

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 interval fund prospectuses, which can be obtained from a financial professional and should be read carefully before investing. This and other important information is contained in the mutual fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

Visit the SEC website for the American Funds® U.S. Government Money Market Fund's most recent filings.

Capital Group and Kohlberg Kravis Roberts & Co. L.P. (“KKR”) are not affiliated. The two firms maintain an exclusive partnership to deliver public-private investment solutions to investors. KKR serves as the sub-adviser of Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+ with respect to the management of each fund's private credit assets.

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.

Use of this website is intended for U.S. residents only. Use of this website and materials is also subject to approval by your home office.

Capital Client Group, Inc.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

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2025 year-end distributions

Capital Gain Distributions

Year-end distributions of capital gains

Per-share amounts

Income dividends

Special dividends

Funds that paid special dividends

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Return of capital

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About Us

2025 year-end distributions

Capital Gain Distributions

Year-end distributions of capital gains

Per-share amounts

Income dividends

Special dividends

Funds that paid special dividends

Qualified dividends

Funds that paid qualified dividends

Return of capital

Capital Ideas Pro™:Access to special events, courses and consulting to help you grow.