Section 199A dividends

A portion of the dividends received in 2024 from the American Funds and Capital Group exchange-traded funds listed below may be eligible for the 20% qualified business income deduction under Section 199A, to the extent that the individual taxpayer has met the 46-day holding period requirement. These dividends are attributable to qualified real estate investment trust (REIT) dividends received by the fund and are reported in Box 5 of Form 1099-DIV.

To be eligible for deduction under Section 199A, a shareholder must have held shares on which the dividend was paid for at least 46 days during the 91-day period that began 45 days before the fund's ex-dividend date (ex-date). The ex-date is the date on which the dividend is deducted from the fund's per share net asset value. For purposes of the holding period, you may not count the day on which the shares were purchased or acquired by reinvesting dividends, but you may count the day the shares were sold.

 

American Funds

Percentage*

American Balanced Fund® 

2.11%

American Funds 2070 Target Date Retirement Fund

0.26

American Funds 2065 Target Date Retirement Fund

0.30

American Funds 2060 Target Date Retirement Fund®

0.30

American Funds 2055 Target Date Retirement Fund®

0.29

American Funds 2050 Target Date Retirement Fund®

0.74

American Funds 2045 Target Date Retirement Fund®

1.06

American Funds 2040 Target Date Retirement Fund®

1.01

American Funds 2035 Target Date Retirement Fund® 

0.87

American Funds 2030 Target Date Retirement Fund®

0.76

American Funds 2025 Target Date Retirement Fund®

0.97

American Funds 2020 Target Date Retirement Fund®

1.22

American Funds 2015 Target Date Retirement Fund®

1.21

American Funds 2010 Target Date Retirement Fund®

1.49

American Funds Conservative Growth and Income Portfolio 

1.29

American Funds Global Balanced Fund

0.40

American Funds Growth and Income Portfolio

0.95

American Funds Moderate Growth and Income Portfolio

1.27

American Funds Retirement Income Portfolio — Conservative

1.66

American Funds Retirement Income Portfolio — Enhanced

2.26

American Funds Retirement Income Portfolio — Moderate

2.07

Capital Income Builder® 

4.46

The Income Fund of America®

4.26

New World Fund®

0.24

SMALLCAP World Fund®

0.28

 

Capital Group exchange-traded funds

                   Percentage*             

CGBL — Capital Group Core Balanced ETF                 

            0.03%

 

* This percentage applies to the fund's taxable income dividends and foreign taxes (excluding short-term capital gain distributions).

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.
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