UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

 

Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
(Amendment No.)

 

 

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Filed by a Party other than the Registrant [ ]

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AMCAP Fund

American Balanced Fund

American Funds College Target Date Series

American Funds Corporate Bond Fund

American Funds Developing World Growth and Income Fund

American Funds Emerging Markets Bond Fund

American Funds Fundamental Investors

American Funds Global Balanced Fund

The American Funds Income Series

American Funds Inflation Linked Bond Fund

American Funds Mortgage Fund

American Funds Portfolio Series

American Funds Retirement Income Portfolio Series

American Funds Short-Term Tax-Exempt Bond Fund

American Funds Strategic Bond Fund

American Funds Target Date Retirement Series

American Funds Tax-Exempt Fund of New York

American Funds Tax-Exempt Series II

American Funds U.S. Government Money Market Fund

American High-Income Municipal Bond Fund

American High-Income Trust

American Mutual Fund

The Bond Fund of America

Capital Income Builder

Capital World Bond Fund

Capital World Growth and Income Fund

EuroPacific Growth Fund

The Growth Fund of America

The Income Fund of America

Intermediate Bond Fund of America

International Growth and Income Fund

The Investment Company of America

Limited Term Tax-Exempt Bond Fund of America

The New Economy Fund

 
 

New Perspective Fund

New World Fund, Inc.

Short-Term Bond Fund of America

SMALLCAP World Fund, Inc.

The Tax-Exempt Bond Fund of America

Washington Mutual Investors Fund

 

(Name of Registrant as Specified in Its Charter)

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

 

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-ii-

 

Quarterly statement notification

 

Your vote counts

 

Shareholder vote on important proposalAs a follow-up to elect board members of American Funds and Capital Group funds

Notification of Shareholder Vote Solicitation

To our Consultant Partners:

We are writingrecent mailing to notify you, that all shareholders of American Funds, including American Funds Insurance Series, and Capital Group funds (namely, Capital Group Emerging Markets Total Opportunities Fund (CGETOP) and Emerging Markets Growth Fund) are being askedif you have not yet done so, we encourage you to vote on an important proposal to elect‘FOR’ the election of board members for each fund in which they invest. Shareholders and/your fund(s). For more information, please go to americanfunds.com/vote or their representatives (e.g., plan sponsors, contacts or trustees) have been sent proxy material in order to participate in this vote.call (800) 421-4225.

Why are shareholders being asked to vote for board members now?

Under the Investment Company Act of 1940, a fund’s board is required to hold a shareholder meeting for the purpose of electing board members if less than a majority of the board’s members were elected by shareholders. Additionally, under the 1940 Act, a fund’s board may fill vacancies by appointment only so long as, after the board fills the vacancy, at least two-thirds of the board members were elected by shareholders. In light of planned retirements and resignations, by year-end, less than a majority of CGETOP’s board will have been elected by shareholders. Accordingly, CGETOP is required to hold a shareholder meeting to elect trustees at this time. Additionally, by electing board members now, each of the other funds’ boards will be able to add new members for a longer period without the expense of conducting additional shareholder meetings.

How do shareholders vote?

Shareholders and/or their representatives will receive either a complete kit containing the full proxy statement and ballot or a notice outlining the proposal and informing shareholders how to access more detailed proxy and voting material. Shareholders with multiple accounts may receive multiple mailings. In this case, shareholders should vote all ballots they receive.

The board of each fund believes that election of the proposed board member slate is in the best interests of shareholders and unanimously recommends that shareholders vote ‘FOR’ each of the nominees.

We want to hear from shareholders

Shareholder participation in this proxy vote is key. We encourage shareholders and/or their representatives to read the materials they have received, as they contain important information regarding the proposal. We appreciate your support in encouraging shareholders and/or their representatives to vote promptly on this important measure.

If you have questions or need additional details, please directly contact your Relationship Manager.

Thank you for your continued support of American Funds and Capital Group.

For institutional audiences only. Not for use with the public.

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