Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. Prices and returns will vary, so investors may lose money. View mutual fund expense ratios and returns.

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 provide financial support to the fund at any time.

Class A share results are calculated with and without the effect of the maximum sales charge: 5.75% for equity, Target Date, Retirement Income and most Portfolio Series funds; 3.75% for most fixed income funds; and 2.50% for American Funds Inflation Linked Bond Fund, Intermediate Bond Fund of America, Short-Term Bond Fund of America and American Funds Preservation Portfolio. There is no sales charge for capital preservation fund Class A shares. Results shown with the sales charge are lower than results without the sales charge.

^† Expense ratios are as of each fund’s prospectus available at the time of publication.

Definitions

Price: the amount you would pay for each share of the fund that day, or the amount you would receive if you sold shares that day, disregarding applicable sales charges.

Price change: the difference in share price between the most recent closing price on the New York Stock Exchange and the previous day’s closing price.

YTD (year-to-date) return: the net change (in percentage terms) in the value of the fund’s shares from January 1 of the current year to the date shown above. In cases where the fund was first offered in the current year, the net change in the value of the portfolio (in percentage terms) is shown since fund inception. Returns for less than one year are not annualized, but calculated as cumulative total returns.

7-day SEC yield: calculated by annualizing dividends paid over the past seven days. Compared with returns, the 7-day SEC yield more accurately reflects the fund’s current earnings. The 7-day SEC yield shown first (gross) does not reflect reimbursements; the second yield (net) does reflect reimbursements.

Expenses: annual fund investment expenses, which are deducted from fund assets. Expense ratios are as of each fund’s prospectus available at the time of publication.

Other information

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.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower and net expenses higher. Please see capitalgroup.com for more information. Read details about how waivers and/or reimbursements affect the results for each fund. View results and yields without fee waiver and/or expense reimbursement.

For Class A shares of the funds listed below, the investment adviser has agreed to reimburse a portion of fund expenses through the date(s) listed below, without which results would have been lower and net expenses higher.

• American Funds Corporate Bond Fund (expiration: 8/1/2025)

The investment adviser may elect at its discretion to extend, modify or terminate the reimbursements as of any noted expiration date. Please refer to the fund’s most recent prospectus for details.

For Class A shares of the funds listed below, the investment adviser has agreed to waive a portion of fund expenses through the date(s) listed below, without which results would have been lower and net expenses higher.

• American Funds Mortgage Fund (expiration: 11/1/2025)
• The Bond Fund of America (expiration: 3/1/2026)
• U.S. Government Securities Fund (expiration: 11/1/2025)
• Intermediate Bond Fund of America (expiration: 11/1/2025)

The investment adviser may elect at its discretion to extend, modify or terminate the waiver as of any noted expiration date. Please refer to the fund’s most recent prospectus for details.

Allocations may not achieve investment objectives. The portfolios’ risks are related to the risks of the underlying funds, as described herein, in proportion to their allocations.

Class A shares of the American Funds Multi-Income Sector Fund include seed money invested by the fund’s investment adviser or its affiliates. Because 12b-1 fees are not paid on these investments, expenses are lower and results are higher than they would have been if the fees had been paid.

Certain share classes were offered after the inception dates of some funds. Results for these shares prior to the dates of first sale are hypothetical based on the original share class results without a sales charge, adjusted for typical estimated expenses.

• Class A shares were first offered on 1/1/1934.

Results for certain funds with an inception date after the share class inception also include hypothetical returns because those funds’ shares sold after the funds’ date of first offering. View dates of first sale and specific expense adjustment information.

Since American Funds Corporate Bond fund’s inception through July 29, 2016, certain fees, such as 12b-1 fees, were not charged on Class A shares. If these expenses had been deducted, results would have been lower.

For American Funds Strategic Bond Fund, frequent and active trading of portfolio securities may occur, which may involve correspondingly greater transaction costs, adversely affecting the results.

The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds.

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

Although the target date portfolios are managed for investors on a projected retirement date time frame, the allocation strategy does not guarantee that investors’ retirement goals will be met. Investment professionals manage the portfolio, moving it from a more growth-oriented strategy to a more income-oriented focus as the target date gets closer. The target date is the year that corresponds roughly to the year in which an investor is assumed to retire and begin taking withdrawals. Investment professionals continue to manage each portfolio for approximately 30 years after it reaches its target date.

The Retirement Income Portfolio Series’ investment allocations may not achieve fund objectives, and adequate income through retirement is not guaranteed. The portfolios’ risks are directly related to the risks of the underlying funds. Payments consisting of return of capital will result in a decrease in an investor’s fund share balance. Higher rates of withdrawal and withdrawals during declining markets may result in a more rapid decrease in an investor’s fund share balance. Persistent returns of capital could ultimately result in a zero account balance.

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.

Smaller company stocks entail additional risks, and they can fluctuate in price more than larger company stocks.

Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.

Nondiversified funds have the ability to invest a larger percentage of assets in the securities of a smaller number of issuers than a diversified fund. As a result, poor results by a single issuer could adversely affect fund results more than if the fund were invested in a larger number of issuers. However, through the underlying funds, the fund owns a diversified mix of securities. See the applicable prospectus for details.

For money market funds, the annualized 7-day SEC yield more accurately reflects the fund’s current earnings than does the fund’s return.

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

American Funds U.S. Government Money Market Fund may suspend 12b-1 payments under agreements between its principal underwriter and intermediaries and other entities that sell fund shares. To the extent such payments have been suspended for a certain share class, should payments subsequently commence, the fund’s investment results would be lower and expenses would be higher for that share class. Please see the prospectus for additional information.

You could lose money by investing in the 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 a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

The return of principal for bond portfolios and for portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.

Investments in mortgage-related securities involve additional risks, such as prepayment risk.

For bond rating methodologies for non-American Funds, refer to each fund’s prospectus.

Interests in Capital Group’s U.S. Government Securities portfolios are not guaranteed by the U.S. Government.

While not directly correlated to changes in interest rates, the values of inflation-linked bonds generally fluctuate in response to changes in real interest rates and may experience greater losses than other debt securities with similar durations.

The maximum sales charge for Intermediate Bond Fund of America Class A shares was 3.75% from 1/10/2000 to 10/31/2006.

Class A share average annual total returns without sales charge do not reflect deduction of the fund’s maximum up-front sales charge: 5.75% for growth, growth-and-income, equity-income, balanced, target date funds and most portfolio series funds; 3.75% for bond funds (2.50% for intermediate, short-term and limited term funds and American Funds Preservation Portfolio).

Class A share average annual total returns with sales charge reflect deduction of the fund’s maximum up-front sales charge (5.75% for growth, growth-and-income, equity-income, balanced, target date funds and most portfolio series funds; 3.75% for bond funds (2.50% for intermediate, short-term and limited term funds and American Funds Preservation Portfolio).