Code of Ethics

At all times, American Funds strives to:

• place shareholders’ interests first
• treat all shareholders fairly
• conduct business honestly, ethically and with integrity

To help us maintain the high business standards we set for ourselves, we have established policies, procedures and a Code of Ethics (PDF).

The Code of Ethics is available in Adobe^® Reader^® format. If you don’t have Adobe Reader, you can download it from Adobe’s website.