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.

CollegeAmerica and ABLEAmerica are nationwide plans sponsored by Virginia 5 2 9.

Growth Funds

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The fund’s expense ratios are based on estimates for the current fiscal year.

  • The fund’s expense ratios are based on estimates for the current fiscal year. For Class F-3 shares, the investment adviser is currently reimbursing a portion of other expenses so that total expenses do not exceed 0.65%. Investment results and expense ratios reflect the reimbursement, without which results would have been lower and expense ratios would have been higher. 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.

  • From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

  • From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

Growth-and-Income Funds

  • 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 February 1, 2021. The transfer agent may elect at its discretion to extend, modify or terminate the waiver at that time.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

  • 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.

  • From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

  • 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.

Equity-Income Funds

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

Balanced Funds

  • From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

  • The investment adviser has reimbursed a portion of other expenses in the past.

Bond Funds

  • 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.

  • The investment adviser is currently reimbursing a portion of other expenses for all share classes, except for share class F-3. The reimbursement will be in effect through at least March 1, 2021. 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 February 1, 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 and R-5E shares. The reimbursement will be in effect through at least November 1, 2021. 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 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.

  • 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 September 16, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement or waiver at that time. The fund’s board of trustees will consider the management fee reduction in connection with the next assessment of the Investment Advisory and Service Agreement with the fund’s investment adviser.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser is currently reimbursing a portion of other expenses for Class F-3 shares. Net expense ratios reflect the reimbursement, without which they would have been higher. The reimbursement will be in effect through at least November 1, 2020. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

  • The investment adviser has reimbursed a portion of other expenses in the past.

Tax-Exempt Bond Funds

  • The investment adviser has reimbursed expenses for all share classes in the past.

  • The investment adviser is currently reimbursing a portion of other expenses. The reimbursement will be in effect at least through October 1, 2020. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

  • From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

  • From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

  • From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

  • From September 1, 2004, through December 31, 2008, the investment adviser to the American Funds waived a portion of its management fees.

Money Market Fund

  • Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through 6/30/2023 or until assets in the Qualified ABLEAmerica Programs exceed $300,000,000, whichever occurs first. 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.

Portfolio Series Funds

  • Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through 6/30/2023 or until assets in the Qualified ABLEAmerica Programs exceed $300,000,000, whichever occurs first. 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.

  • Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through 6/30/2023 or until assets in the Qualified ABLEAmerica Programs exceed $300,000,000, whichever occurs first. 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.

  • Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through 6/30/2023 or until assets in the Qualified ABLEAmerica Programs exceed $300,000,000, whichever occurs first. 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.

  • Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through 6/30/2023 or until assets in the Qualified ABLEAmerica Programs exceed $300,000,000, whichever occurs first. 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.

  • Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through 6/30/2023 or until assets in the Qualified ABLEAmerica Programs exceed $300,000,000, whichever occurs first. 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.

  • Virginia529, as program administrator of ABLEAmerica, is currently waiving the fee on Class ABLE-A shares owed to it as compensation for its oversight and administration of ABLEAmerica. This waiver will be in effect through 6/30/2023 or until assets in the Qualified ABLEAmerica Programs exceed $300,000,000, whichever occurs first. 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.

  • The investment adviser is currently reimbursing a portion of other expenses. The reimbursement will be in effect through at least January 1, 2020. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Retirement Income Portfolio Series Funds

  • The investment adviser is currently reimbursing a portion of other expenses for Class R-5 and R-6. Net expense ratios reflect the reimbursement, without which they would have been higher. The reimbursement will be in effect through at least January 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.

  • The investment adviser is currently reimbursing a portion of other expenses for Class R-5, R-5E and R-6. Net expense ratios reflect the reimbursement, without which they would have been higher. The reimbursement will be in effect through at least January 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.

  • The investment adviser is currently reimbursing a portion of other expenses for Class R-2E and R-5. Net expense ratios reflect the reimbursement, without which they would have been higher. The reimbursement will be in effect through at least January 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.

College Target Date Funds

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

Retirement Target Date Funds

  • 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 January 31, 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.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • The investment adviser has reimbursed a portion of other expenses in the past.

  • 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.

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.

All Capital Group trademarks are registered trademarks owned by The Capital Group Companies, Inc. or an affiliated company. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies.

Use of this website is intended for U.S. residents only.

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 insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will at any time.

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, summary prospectuses, CollegeAmerica Program Description and ABLEAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing.

The value of fixed income securities may be affected by changing interest rates and changes in credit ratings of the securities.

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

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.

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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.