Flexible Pricing

With multiple share class options, our funds are designed to fit most investment goals, time horizons and other key considerations.

The American Funds are distributed through financial professionals because we believe that all investors benefit from ongoing professional advice. We recognize, though, that investors have different preferences for paying for that advice.

When you work with your financial professional to determine which share class to own, consider how long you expect to own the shares, your investment objective, how much you plan to invest and the expenses associated with each share class.

Several Share Class Options

We offer two types of share classes, one for our regular mutual funds and another for CollegeAmerica®, our 529 college savings plan:

Class A, 529-A and ABLE-A shares are sold with an up-front sales charge, which declines as the investment amount increases. For many shareholders — especially those with significant account balances — these shares are the most cost-effective way to own American Funds.

Class F-1 shares are primarily available through certain financial services platforms that support self-directed investors. Class F-2, F-3, 529-F-1, 529-F-2, 529-F-3 and ABLE-F-2 shares are available only through participating financial professionals. Class F-2, F-3, 529-F-1, 529-F-2, 529-F-3 and ABLE-F-2 share purchasers pay an annual asset-based fee charged by their financial professional. Class F-2, 529-F-2 and ABLE-F-2 shares do not carry a 12b-1 fee. Class F-3 and 529-F-3 shares do not carry 12b-1 or sub-transfer agency fees. See the prospectus for details.

Class C and 529-C shares do not have an up-front sales charge. However, if you sell (redeem) these shares before you hold them for 12 months, you will pay a 1% sales charge on the shares that you sell. This is called a contingent deferred sales charge, or CDSC. In addition, investors pay higher expenses than on Class A and 529-A shares. Class C shares convert to Class A shares after 8 years. Previously, Class C shares converted to Class F-1 shares in the month of the 10th anniversary of purchase through June 30, 2020. Class 529-C shares convert to Class 529-A shares after 5 years. Previously, Class 529-C shares converted to Class 529-A shares in the 10th anniversary of purchase through June 30, 2020.

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 and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. Similar information is contained in the 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., which will be renamed Capital Client Group, Inc. on or around July 1, 2024, and sold through unaffiliated intermediaries.

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 Virginia529.

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.

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American Funds Distributors, 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.