Fee Waivers and Expense Reimbursements
Fee waivers and expense reimbursements for each fund are described below.
Investment results reflect the waiver and reimbursements, without which results would have been lower.
Please see each fund’s most recent annual report or prospectus for details.
As of 12/31/2020 (updated quarterly).
AMCAP Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds Global Insight FundSM
- The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least January 1, 2022. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
American Funds International Vantage FundSM
- The investment adviser is currently reimbursing a portion of the other expenses (except for Class F-3 shares). This reimbursement will be in effect through at least January 1, 2022. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
- The investment adviser is currently reimbursing a portion of the other expenses for Class F-3 shares so that total expenses do not exceed 0.65%. This reimbursement will be in effect through at least January 1, 2024. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
EuroPacific Growth Fund®
- From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.
The Growth Fund of America®
- From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.
The New Economy Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
New Perspective Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
New World Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
SMALLCAP World Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds Developing World Growth and Income Fund℠
- The fund’s transfer agent is currently waiving a portion of the other expenses for Class F-3 shares. This waiver will be in effect through at least October 30, 2021. The transfer agent may elect at its discretion to extend, modify or terminate the waiver at that time.
American Mutual Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
Capital World Growth and Income Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
Fundamental Investors®
- From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.
International Growth and Income Fund℠
- Since the fund’s inception through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.
- The investment adviser has reimbursed expenses for share classes R-1, R-2 and R-4 in the past.
The Investment Company of America®
- From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.
Washington Mutual Investors Fund℠
- From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds and the business manager for Washington Mutual Investors Fund waived a portion of their management fees.
American Funds Corporate Bond Fund℠
- The investment adviser is currently reimbursing a portion of other expenses. The reimbursement will be in effect through at least August 1, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
American Funds Emerging Markets Bond Fund℠
- The investment adviser is currently reimbursing a portion of other expenses for all share classes (except for Class F-3 shares). The reimbursement will be in effect through at least October 30, 2021. The adviser may elect at tis discretion to extend, modify or terminate the reimbursement at that time.
- For Class F-3 shares, the fund’s transfer agent is currently waiving a portion of the other expenses. This waiver will be in effect through at least October 30, 2021. The transfer agent may elect at its discretion to extend, modify or terminate the waiver at that time.
- For Class R-1 shares, the fund’s transfer agent is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least October 30, 2021. The transfer agent may elect at its discretion to extend, modify or terminate the reimbursement at that time.
American Funds Inflation Linked Bond Fund®
- The fund’s transfer agent is currently waiving a portion of the other expenses for Class F-3 shares. This waiver will be in effect through at least October 30, 2021. The transfer agent may elect at its discretion to extend, modify or terminate the waiver at that time.
- The investment adviser is currently reimbursing a portion of the other expenses for Class R-2E shares. This reimbursement will be in effect through at least February 1, 2022. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
American Funds Mortgage Fund®
- The investment adviser has waived and/or reimbursed a portion of other expenses in the past.
American Funds Multi-Sector Income Fund℠
- The investment adviser is currently reimbursing a portion of other expenses. Net expense ratios reflect the reimbursement, without which they would have been higher. The reimbursement will be in effect through at least May 1, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Please see the fund’s most recent prospectus for details.
American Funds Strategic Bond Fund℠
- The investment adviser is currently reimbursing a portion of the other expenses and waiving a portion of its management fees. The reimbursement and waiver will be in effect through at least October 30, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement or waiver at that time.
- The fund’s transfer agent is currently reimbursing a portion of the other expenses for Class R-2E shares. This reimbursement will be in effect through at least October 30, 2021. The transfer agent may elect at its discretion to extend, modify or terminate the reimbursement at that time.
American High-Income Trust®
- The investment adviser has reimbursed a portion of other expenses in the past.
The Bond Fund of America®
- The investment adviser has reimbursed a portion of other expenses in the past.
Capital World Bond Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
Intermediate Bond Fund of America®
- The investment adviser has reimbursed a portion of other expenses in the past.
Short-Term Bond Fund of America®
- The fund’s transfer agent is currently waiving a portion of the other expenses for Class F-3 shares. Investment results and net expense ratios reflect the waiver, without which the results would have been lower and expense ratios would have been higher. This waiver will be in effect through at least October 30, 2021. The transfer agent may elect at its discretion to extend, modify or terminate the waiver at that time.
- The investment adviser is currently reimbursing a portion of other expenses for Class R-2E shares. Investment results and net expense ratios reflect the reimbursement, without which the results would have been lower and expense ratios would have been higher. The reimbursement will be in effect through at least October 30, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
U.S. Government Securities Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds Short-Term Tax-Exempt Bond Fund®
- The investment adviser is currently reimbursing a portion of the other expenses. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at any time.
American Funds Tax-Exempt Fund of New York®
- The investment adviser is currently reimbursing a portion of other expenses. The reimbursement will be in effect at least through October 1, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
American High-Income Municipal Bond Fund®
- From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.
Limited Term Tax-Exempt Bond Fund of America®
- From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.
The Tax-Exempt Bond Fund of America®
- From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.
The Tax-Exempt Fund of California®
- From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.
American Funds U.S. Government Money Market Fund℠
- Virginia529, as program administrator for ABLEAmerica, is currently waiving the fee on Class ABLE-A and ABLE-F-2 shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least December 1, 2021. Subject to the terms of its contractual arrangement with the investment adviser, Virginia529 may elect to extend, modify or terminate the waiver at that time.
American Funds Global Growth Portfolio℠
- Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A and ABLE-F-2 shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2022. Subject to the contractual arrangement with the investment adviser, the waiver may be extended, modified or terminated at that time.
American Funds Growth Portfolio℠
- Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A and ABLE-F-2 shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2022. Subject to the contractual arrangement with the investment adviser, the waiver may be extended, modified or terminated at that time.
American Funds Growth and Income Portfolio℠
- Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A and ABLE-F-2 shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2022. Subject to the contractual arrangement with the investment adviser, the waiver may be extended, modified or terminated at that time.
American Funds Conservative Growth and Income Portfolio℠
- Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A and ABLE-F-2 shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2022. Subject to the contractual arrangement with the investment adviser, the waiver may be extended, modified or terminated at that time.
American Funds Moderate Growth and Income Portfolio℠
- Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A and ABLE-F-2 shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2022. Subject to the contractual arrangement with the investment adviser, the waiver may be extended, modified or terminated at that time.
American Funds Preservation Portfolio℠
- Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A and ABLE-F-2 shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through at least January 1, 2022. Subject to the contractual arrangement with the investment adviser, the waiver may be extended, modified or terminated at that time.
American Funds Tax-Exempt Preservation Portfolio℠
- The investment adviser is currently reimbursing a portion of other expenses. The reimbursement will be in effect through at least January 1, 2022. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
American Funds Retirement Income Portfolio - Enhanced℠
- The investment adviser is currently reimbursing a portion of other expenses for Class R-5 shares. Net expense ratios reflect the reimbursement, without which they would have been higher. The reimbursement will be in effect through at least January 1, 2022. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Please see the fund’s most recent prospectus for details.
American Funds Retirement Income Portfolio - Moderate℠
- The investment adviser is currently reimbursing a portion of other expenses for Class R-2E, R-5E and R-5 shares. Net expense ratios reflect the reimbursement, without which they would have been higher. The reimbursement will be in effect through at least January 1, 2022. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Please see the fund’s most recent prospectus for details.
American Funds Retirement Income Portfolio - Conservative℠
- The investment adviser is currently reimbursing a portion of other expenses for Class R-2E and R-5E shares. Net expense ratios reflect the reimbursement, without which they would have been higher. The reimbursement will be in effect through at least January 1, 2022. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Please see the fund’s most recent prospectus for details.
American Funds College 2039 Fund℠
- The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least January 1, 2022. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
American Funds College 2036 Fund℠
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds College 2033 Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds College 2030 Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds College 2027 Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds College 2024 Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds College 2021 Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds College Enrollment Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds 2065 Target Date Retirement Fund℠
- The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least January 1, 2022. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
- The fund’s transfer agent is currently waiving a portion of the other expenses for Class F-3 shares. This waiver will be in effect through at least January 1, 2022. The transfer agent may elect at its discretion to extend, modify or terminate the waiver at that time.
American Funds 2060 Target Date Retirement Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds 2055 Target Date Retirement Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds 2050 Target Date Retirement Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds 2045 Target Date Retirement Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds 2040 Target Date Retirement Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds 2035 Target Date Retirement Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds 2030 Target Date Retirement Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds 2025 Target Date Retirement Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds 2020 Target Date Retirement Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds 2015 Target Date Retirement Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds 2010 Target Date Retirement Fund®
- The investment adviser has reimbursed a portion of other expenses in the past.
American Funds Global Insight Fund and American Funds International Vantage Fund began investment operations on April 1, 2011, but were only available to a limited number of investors. Now available on the American Funds platform, the reorganized funds have adopted the results and financial history of the original funds.
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