Privacy policy
California notice of consumer privacy rights
The Capital Group Companies, Inc., and its affiliates from time to time collect personal information of California residents. Capital Group is committed to protecting the privacy and security of all the personal information that is entrusted to us. We have global privacy standards intended to protect the personal information of our clients, business partners and associates no matter how or where it is collected, used or stored. Capital Group complies with applicable privacy and security laws, including the California Consumer Privacy Act (CCPA). In all instances, our effort is to collect only the information we need to provide better products and services and to ensure we are offering the products and services that best suit business and investment needs. These purposes are generally outlined in this Notice.
California law requires certain businesses to disclose that personal information is being collected as well as information regarding the rights of California residents pursuant to the CCPA when their information has been collected. Please note that the CCPA (except for California Civil Code Section 1798.150, which governs remedies should certain personal information be subject to an unauthorized disclosure) does not apply to personal information collected, processed, sold or disclosed under the federal Gramm-Leach-Bliley Act (Public Law 106-102) and implementing regulations or the California Financial Information Privacy Act (Division 1.4 (commencing with Section 4050) of the Financial Code). The CCPA also does not apply to medical information governed by the Confidentiality of Medical Information Act (Part 2.6 (commencing with Section 56) of Division 1) or protected health information that is collected by a covered entity or business associate governed by the privacy, security, and breach notification rules issued by the United States Department of Health and Human Services, Parts 160 and 164 of Title 45 of the Code of Federal Regulations, established pursuant to the Health Insurance Portability and Accountability Act of 1996 (Public Law 104-191) and the Health Information Technology for Economic and Clinical Health Act (Public Law 111-5). Finally, personal information of employees, job applicants, owners, directors, staff, officers and contractors as well as personal information collected as part of a business transaction is excluded from certain provisions of the CCPA including the provisions permitting a request for disclosure and the deletion of personal information described below.
A California resident, whose personal information does not fall under one of these exclusions, may request that we disclose the following information:
(1) The categories of personal information we have collected about them in the preceding 12 months;
(2) The categories of sources from which the personal information was collected;
(3) The business or commercial purpose for collecting or selling their personal information;
(4) The categories of third parties with which we share personal information;
(5) The categories of personal information that we sold to third parties in the preceding 12 months and the categories of third parties to which the personal information was sold;
(6) The categories of personal information that we disclosed for a business purpose, as defined in the CCPA, in the preceding 12 months and the categories of third parties to which the personal information was disclosed;
(7) The specific pieces of personal information we have collected about the resident.
A California resident may request the disclosure of the information listed above by calling (800) 421-4225, ext. 61 or submitting the request form by clicking on the link below.
Such a request may be referred to as a right to know request. Pursuant to California law, before disclosing specific pieces of personal information we have collected about a resident, we will need to verify the resident’s identity. We will base our initial response on the information provided in a request for information. Thereafter, if a resident would like us to provide the specific information contained in our records or to delete records, we will require additional information to verify their identity. The additional information we need may vary based on how the resident has interacted with us. Whenever feasible, we will match the identifying information provided to the personal information we have in our records. For California residents who are investors, clients or financial professionals, we will utilize our existing authentication practices.
Certain California residents have the right to request that we delete any personal information about the California resident that we have collected in the preceding 12 months and that we direct any service provider to delete the personal information from its records. However, pursuant to the CCPA, personal information may not be deleted in certain circumstances, including where maintenance of the personal information is necessary to: complete the transaction for which the personal information was collected, to provide a good or service that was requested or that is reasonably anticipated within the context of an ongoing business relationship with us, or to otherwise perform a contract between the resident and Capital Group; to protect against or prosecute fraudulent or illegal activity and to detect security incidents; to enable solely internal uses that are reasonably aligned with a resident’s expectations based on his or her relationship with us; to comply with a legal obligation; or to otherwise use the information internally in a lawful manner that is compatible with the context in which the information was provided. For more information about these and other situations in which we may not delete your information, please see California Civil Code Section 1798.105(d).
Certain California residents may request the deletion of information collected by Capital Group by calling (800) 421-4225, ext. 61 or submitting the request form by clicking on the link below. Pursuant to California law, before deleting any personal information as noted above, Capital Group will need verify the resident’s identity.
A California resident may use an authorized agent to submit a right to know request or a request to delete. To use an authorized agent, the California resident must provide Capital Group with written authorization. In addition, the California resident may be required to verify their own identity with Capital Group. Capital Group may deny a request from an agent who does not submit proof that they have been authorized by the California resident to act on their behalf. Such requirements, however, will not apply where a California resident has provided the authorized agent with power of attorney pursuant to California Probate Code sections 4000 to 4465.
A California resident has the right, at any time, to direct Capital Group not to sell the personal information that we have indicated is being sold pursuant to the definition of sale contained in the CCPA. This right may be referred to as the right to opt out. Residents may opt out of the sale of personal information by clicking on the link, found at the bottom of this page or by calling (800) 421-4225, ext. 61. If Capital Group has a good faith, reasonable and documented belief that a request to opt out is fraudulent, it may deny the request. A California resident may use an authorized agent to submit a request to opt out on the California resident’s behalf. The California resident must provide the authorized agent with written authorization to do so. Capital Group may deny a request from an authorized agent who does not submit proof that they have been authorized by the California resident to act on the California resident’s behalf.
In addition, Capital Group does not and will not sell the personal information of a California resident it has actual knowledge is under the age of 16 without affirmative authorization (known as “opt in”).
Capital Group will not discriminate against a California resident because the California resident exercised any of their rights under the California Consumer Privacy Act, including, but not limited to, by:
(1) Denying goods or services to the California resident;
(2) Charging different prices or rates for goods or services, including through the use of discounts or other benefits or imposing penalties;
(3) Providing a different level or quality of goods or services to the California resident;
(4) Suggesting that the California resident will receive a different price or rate for goods or services or a different level or quality of goods or services.
In all instances, our effort is to collect only the information we need to conduct our business and to provide better products and services and to ensure we are offering the products and services that best suit our client’s business and investment needs. Included in the descriptions of the purposes of collection are our everyday business purposes. As used here, “Business Purposes” encompasses “business purposes” as defined in the CCPA, which includes the following related purposes:
- To provide the information, product or service requested by the individual or as reasonably expected given the context in which with the personal information was collected (such as providing customer service, personalization and preference management, providing product updates, and dispute resolution)
- For identity and credential management, including identity verification and authentication, system and technology administration
- To protect the security and integrity of systems, networks, applications and data, including detecting, analyzing and resolving security threats, and collaborating with cybersecurity centers, consortia and law enforcement about imminent threats
- For fraud detection and prevention
- For legal and regulatory compliance, including all uses and disclosures of personal information that are required by law or reasonably needed for compliance with company policies and procedures, such as anti-money laundering programs, security and incident response programs, intellectual property protection programs, diversity programs, and corporate ethics and compliance programs
- For corporate audit, analysis and reporting
- To manage, comply with and enforce our contracts and to protect against injury, theft, legal liability, fraud or abuse, to protect people or property, including physical security programs
- To de-identify the data or create aggregated datasets, such as for consolidating reporting, research or analytics, and
- For business continuity and disaster recovery purposes, including making backup tapes.
The CCPA requires that Capital Group disclose the information we collect by reference to specific categories of personal information enumerated in the statute. Capital Group may collect only certain pieces of personal information described in a given category and might not actually collect all the types of personal information described in each category. In the preceding 12 months, Capital Group has collected the categories of personal information about certain California residents from the categories of sources and for the business purposes listed below.
In the preceding 12 months, Capital Group has sold as that term is defined by the CCPA the following categories of personal information about California residents to the following categories of third parties.
In the preceding 12 months, Capital Group has disclosed for a business purpose the following categories of personal information about California residents to the following categories of third parties.
Capital Group does not disclose personal information to third parties other than as provided in this Notice.
Effective January 1, 2021.
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.
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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