Short-Term Bond
Fund of America^® Summary prospectus April 7, 2017

Class	A	C	T	F-1	F-2	F-3	529-A	529-C	529-E	529-T
	ASBAX	ASBCX	TSTBX	ASBFX	SBFFX	FSBTX	CAAFX	CCAMX	CEAMX	TTSBX
Class	529-F-1	R-1	R-2	R-2E	R-3	R-4	R-5E	R-5	R-6
	CFAMX	RAMAX	RAMBX	RAAEX	RAMCX	RAMEX	RAAGX	RAMFX	RMMGX

Investment objective The fund’s investment objective is to provide you with current income, consistent with the maturity and quality standards described in this prospectus, and preservation of capital.

Fees and expenses of the fund This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $500,000 in American Funds. More information about these and other discounts is available from your financial professional and in the “Sales charge reductions and waivers” section on page 31 of the prospectus and on page 65 of the fund’s statement of additional information.

Shareholder fees (fees paid directly from your investment)
Share class:	A and 529-A	C and 529-C	529-E	T and 529-T	All F and 529-F share classes	All R share classes
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	2.50%	none	none	2.50%	none	none
Maximum deferred sales charge (load) (as a percentage of the amount redeemed)	1.001	1.00%	none	none	none	none
Maximum sales charge (load) imposed on reinvested dividends	none	none	none	none	none	none
Redemption or exchange fees	none	none	none	none	none	none

Before you invest, you may want to review the fund’s prospectus and statement of additional information, which contain more information about the fund and its risks. You can find the fund’s prospectus, statement of additional information and other information about the fund online at americanfunds.com/prospectus. You can also get this information at no cost by calling (800) 421-4225 or by sending an email request to prospectus@americanfunds.com. The current prospectus and statement of additional information, dated April 7, 2017, are incorporated by reference into this summary prospectus.

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Share class:	A	C	T	F-1	F-2	F-3	529-A
Management fees	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%
Distribution and/or service (12b-1) fees	0.21	0.99	0.25	0.25	none	none	0.14
Other expenses	0.13	0.18	0.172	0.19	0.18	0.072	0.24
Total annual fund operating expenses	0.62	1.45	0.70	0.72	0.46	0.35	0.66

Share class:	529-C	529-E	529-T	529-F-1	R-1	R-2	R-2E
Management fees	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%
Distribution and/or service (12b-1) fees	0.99	0.49	0.25	0.00	1.00	0.74	0.60
Other expenses	0.24	0.22	0.232	0.24	0.17	0.443	0.343
Total annual fund operating expenses	1.51	0.99	0.76	0.52	1.45	1.46	1.22
Expense reimbursement	—	—	—	—	—	—	0.024
Total annual fund operating expenses after expense reimbursement	1.51	0.99	0.76	0.52	1.45	1.46	1.20

Share class:	R-3	R-4	R-5E	R-5	R-6
Management fees	0.28%	0.28%	0.28%	0.28%	0.28%
Distribution and/or service (12b-1) fees	0.50	0.25	none	none	none
Other expenses	0.22	0.17	0.30	0.13	0.07
Total annual fund operating expenses	1.00	0.70	0.58	0.41	0.35

¹ A contingent deferred sales charge of 1.00% applies on certain redemptions made within one year following purchases of $1 million or more made without an initial sales charge. Contingent deferred sales charge is calculated based on the lesser of the offering price and market value of shares being sold.

² Based on estimated amounts for the current fiscal year.

³ Restated to reflect current fees.

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same. The example reflects the expense reimbursement described above through the expiration date of such reimbursement and total annual fund operating expenses thereafter. You may be required to pay brokerage commissions on your purchases and sales of Class F-2 or F-3 shares of the fund, which are not reflected in the example. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Share class:	A	C	T	F-1	F-2	F-3	529-A	529-C	529-E	529-T	529-F-1	R-1	R-2
1 year	$ 312	$ 248	$ 320	$ 74	$ 47	$ 36	$ 316	$ 254	$ 101	$ 328	$ 53	$ 148	$ 149
3 years	444	459	468	230	148	113	456	477	315	493	167	459	462
5 years	587	792	630	401	258	197	609	824	547	672	291	792	797
10 years	1,005	1,735	1,099	894	579	443	1,052	1,802	1,213	1,192	653	1,735	1,746

Share class:	R-2E	R-3	R-4	R-5E	R-5	R-6	For the share classes listed to the right, you would pay the following if you did not redeem your shares:	Share class:	C	529-C
1 year	$ 122	$ 102	$ 72	$ 59	$ 42	$ 36		1 year	$ 148	$ 154
3 years	385	318	224	186	132	113		3 years	459	477
5 years	668	552	390	324	230	197		5 years	792	824
10 years	1,476	1,225	871	726	518	443		10 years	1,735	1,802

1     Short-Term Bond Fund of America / Summary prospectus

Portfolio turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s investment results. During the most recent fiscal year, the fund’s portfolio turnover rate was 301% of the average value of its portfolio.

Principal investment strategies The fund will invest at least 80% of its assets in bonds (bonds include any debt instrument and cash equivalents, and may be represented by other investment instruments, including derivatives). The fund maintains a portfolio of bonds, other debt securities and money market instruments having a dollar-weighted average effective maturity no greater than three years and consisting primarily of debt securities rated AA– or Aa3 or better by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser or unrated but determined to be of equivalent quality by the fund’s investment adviser. The fund may invest up to 10% of its assets in debt securities in the A rating category or in unrated securities determined by the fund’s investment adviser to be of equivalent quality.

The fund primarily invests in debt securities denominated in U.S. dollars, including securities issued and guaranteed by the U.S. government, securities of corporate issuers, mortgage-backed securities and debt securities and mortgage-backed securities issued by government sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government. In addition, the fund may invest in asset-backed securities (securities backed by assets such as auto loans, credit card receivables or other providers of credit).

The fund may invest in inflation linked bonds issued by U.S. and non-U.S. governments, their agencies or instrumentalities, and corporations. Inflation linked bonds are structured to protect against inflation by linking the bond’s principal and interest payments to an inflation index, such as the Consumer Price Index for Urban Consumers, so that principal and interest adjust to reflect changes in the index.

The fund may also invest in certain derivative instruments, such as futures contracts and swaps. A derivative is a financial contract, the value of which is based on the value of an underlying financial asset (such as a stock, bond or currency), a reference rate or a market index. The fund may invest in a derivative only if, in the opinion of the investment adviser, the expected risks and rewards of the proposed investment are consistent with the investment objective and strategies of the fund as disclosed in this prospectus and in the fund’s statement of additional information.

The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers who decide how their respective segments will be invested.

The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good investment opportunities. The investment adviser believes that an important way to accomplish this is by analyzing various factors, which may include the credit strength of the issuer, prices of similar securities issued by comparable issuers,

Short-Term Bond Fund of America / Summary prospectus     2

anticipated changes in interest rates, general market conditions and other factors pertinent to the particular security being evaluated. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

Principal risks This section describes the principal risks associated with the fund’s principal investment strategies. You may lose money by investing in the fund. The likelihood of loss may be greater if you invest for a shorter period of time.

Market conditions — The prices of, and the income generated by, the securities held by the fund may decline – sometimes rapidly or unpredictably – due to various factors, including events or conditions affecting the general economy or particular industries; overall market changes; local, regional or global political, social or economic instability; governmental or governmental agency responses to economic conditions; and currency exchange rate, interest rate and commodity price fluctuations.

Issuer risks — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer’s goods or services, poor management performance and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives.

Investing in debt instruments — The prices of, and the income generated by, bonds and other debt securities held by the fund may be affected by changing interest rates and by changes in the effective maturities and credit ratings of these securities.

Rising interest rates will generally cause the prices of bonds and other debt securities to fall. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in the fund having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities.

Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer will weaken and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which the fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund’s investment adviser relies on its own credit analysts to research issuers and issues in seeking to mitigate various credit and default risks.

Investing in mortgage-related and other asset-backed securities — Mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, include debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as consumer loans or receivables. Such securities often involve risks that are different from or more acute than the risks associated with investing in other types of debt securities. Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in the fund having to reinvest the proceeds in lower yielding

3     Short-Term Bond Fund of America / Summary prospectus

securities, effectively reducing the fund’s income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the fund’s cash available for reinvestment in higher yielding securities.

Investing in securities backed by the U.S. government — Securities backed by the U.S. Treasury or the full faith and credit of the U.S. government are guaranteed only as to the timely payment of interest and principal when held to maturity. Accordingly, the current market values for these securities will fluctuate with changes in interest rates. Securities issued by government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government are neither issued nor guaranteed by the U.S. government.

Liquidity risk — Certain fund holdings may be deemed to be less liquid or illiquid because they cannot be readily sold without significantly impacting the value of the holdings. Liquidity risk may result from the lack of an active market for a holding, legal or contractual restrictions on resale, or the reduced number and capacity of market participants to make a market in such holding. Market prices for less liquid or illiquid holdings may be volatile, and reduced liquidity may have an adverse impact on the market price of such holdings. Additionally, the sale of less liquid or illiquid holdings may involve substantial delays (including delays in settlement) and additional costs and the fund may be unable to sell such holdings when necessary to meet its liquidity needs.

Investing in inflation linked bonds — The values of inflation linked bonds generally fluctuate in response to changes in real interest rates — i.e., rates of interest after factoring in inflation. A rise in real interest rates may cause the prices of inflation linked securities to fall, while a decline in real interest rates may cause the prices to increase. Inflation linked bonds may experience greater losses than other debt securities with similar durations when real interest rates rise faster than nominal interest rates. There can be no assurance that the value of an inflation linked security will be directly correlated to changes in interest rates; for example, if interest rates rise for reasons other than inflation, the increase may not be reflected in the security’s inflation measure.

Investing in inflation linked bonds may also reduce the fund’s distributable income during periods of extreme deflation. If prices for goods and services decline throughout the economy, the principal and income on inflation linked securities may decline and result in losses to the fund.

Investing outside the United States — Securities of issuers domiciled outside the United States, or with significant operations or revenues outside the United States, may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers operate or generate revenue. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as the imposition of price controls or punitive taxes, that could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the United States. Investments outside the United States may also be subject to different accounting practices and different regulatory, legal and reporting standards and practices, and may be more difficult to value, than those in the United States. In addition, the value of investments outside the United States may be reduced by foreign taxes, including

Short-Term Bond Fund of America / Summary prospectus     4

foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund. The risks of investing outside the United States may be heightened in connection with investments in emerging markets.

Investing in derivatives — The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional cash securities, such as stocks and bonds. Changes in the value of a derivative may not correlate perfectly with, and may be more sensitive to market events than, the underlying asset, rate or index, and a derivative instrument may expose the fund to losses in excess of its initial investment. Derivatives may be difficult for the fund to buy or sell at an opportune time or price and may be difficult to terminate or otherwise offset. The fund’s use of derivatives may result in losses to the fund, and investing in derivatives may reduce the fund’s returns and increase the fund’s price volatility. The fund’s counterparty to a derivative transaction (including, if applicable, the fund’s clearing broker, the derivatives exchange or the clearinghouse) may be unable or unwilling to honor its financial obligations in respect of the transaction. A description of the derivative instruments in which the fund may invest and the various risks associated with those derivatives is included in the fund’s statement of additional information under “Description of certain securities, investment techniques and risks.”

Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses employed by the investment adviser in this process may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.

Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person. You should consider how this fund fits into your overall investment program.

Investment results The following bar chart shows how the fund’s investment results have varied from year to year, and the following table shows how the fund’s average annual total returns for various periods compare with a broad measure of securities market results and other applicable measures of market results. This information provides some indication of the risks of investing in the fund. The Lipper Short U.S. Government Funds Average includes funds that disclose investment objectives and/or strategies reasonably comparable to the objective and/or strategies of the fund. Past investment results (before and after taxes) are not predictive of future investment results. Updated information on the fund’s investment results can be obtained by visiting americanfunds.com.

5     Short-Term Bond Fund of America / Summary prospectus

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year	5 years	10 years	Lifetime
A — Before taxes	10/2/2006	–1.47%	–0.05%	1.24%	1.31%
— After taxes on distributions		–1.86	–0.36	0.66	N/A
— After taxes on distributions and sale of fund shares		–0.83	–0.17	0.74	N/A

Share classes (before taxes)	Inception date	1 year	5 years	10 years	Lifetime
C	11/6/2006	–0.91%	–0.40%	0.66%	0.71%
F-1	11/1/2006	0.80	0.32	1.39	1.41
F-2	8/19/2008	1.17	0.62	N/A	1.25
529-A	11/3/2006	–1.55	–0.10	1.17	1.22
529-C	11/3/2006	–1.03	–0.47	0.58	0.62
529-E	12/1/2006	0.55	0.06	1.10	1.10
529-F-1	11/16/2006	1.01	0.52	1.59	1.62
R-1	12/26/2006	–0.03	–0.42	0.64	0.63
R-2	12/8/2006	0.11	–0.40	0.64	0.65
R-2E	8/29/2014	0.48	N/A	N/A	0.34
R-3	11/22/2006	0.52	0.03	1.07	1.08
R-4	1/3/2007	0.93	0.36	1.41	1.40
R-5E	11/20/2015	0.94	N/A	N/A	0.73
R-5	1/4/2007	1.12	0.66	N/A	1.69
R-6	5/7/2009	1.18	0.69	N/A	0.93

Indexes	1 year	5 years	10 years	Lifetime (from Class A inception)
Bloomberg Barclays U.S. Government/Credit 1-3 Years ex BBB Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)	1.05%	0.80%	2.32%	2.36%
Lipper Short U.S. Government Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)	0.60	0.32	1.68	1.89
Class A annualized 30-day yield at August 31, 2016: 0.87% (For current yield information, please call American FundsLine® at (800) 325-3590.)

Short-Term Bond Fund of America / Summary prospectus     6

After-tax returns are shown only for Class A shares; after-tax returns for other share classes will vary. After-tax returns are calculated using the highest individual federal income tax rates in effect during each year of the periods shown and do not reflect the impact of state and local taxes. Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above. In addition, after-tax returns are not relevant if you hold your fund shares through a tax-favored arrangement, such as a 401(k) plan, individual retirement account (IRA) or 529 college savings plan.

Management

Investment adviser Capital Research and Management Company^SM
Portfolio managers The individuals primarily responsible for the portfolio management of the fund are:

Portfolio manager/ Fund title (if applicable)	Portfolio manager experience in this fund	Primary title with investment adviser
John R. Queen President	6 years	Vice President – Capital Fixed Income Investors
Ritchie Tuazon Vice President	3 years	Vice President – Capital Fixed Income Investors

Purchase and sale of fund shares The minimum amount to establish an account for all share classes is $250 and the minimum to add to an account is $50. For a payroll deduction retirement plan account, payroll deduction savings plan account or employer-sponsored 529 account, the minimum is $25 to establish or add to an account.

If you are a retail investor, you may sell (redeem) shares on any business day through your dealer or financial advisor or by writing to American Funds Service Company^®at P.O. Box 6007, Indianapolis, Indiana 46206-6007; telephoning American Funds Service Company at (800) 421-4225; faxing American Funds Service Company at (888) 421-4351; or accessing our website at americanfunds.com. Please contact your plan administrator or recordkeeper to sell (redeem) shares from your retirement plan.

Tax information Dividends and capital gain distributions you receive from the fund are subject to federal income taxes and may also be subject to state and local taxes, unless you are tax-exempt or your account is tax-favored.

Payments to broker-dealers and other financial intermediaries If you purchase shares of the fund through a broker-dealer or other financial intermediary (such as a bank), the fund and the fund’s distributor or its affiliates may pay the intermediary for the sale of fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your individual financial advisor to recommend the fund over another investment. Ask your individual financial advisor or visit your financial intermediary’s website for more information.

You can access the fund’s statutory prospectus or SAI at americanfunds.com/prospectus.
	MFGEIPX-048-0417P Litho in USA CGD/DFS/9691 Investment Company File No. 811-21928

THE FUND PROVIDES A SPANISH TRANSLATION OF THE ABOVE SUMMARY PROSPECTUS IN CONNECTION WITH THE PUBLIC OFFERING AND SALE OF ITS SHARES. THE FOLLOWING IS A FAIR AND ACCURATE ENGLISH TRANSLATION OF A SPANISH LANGUAGE SUMMARY PROSPECTUS SUPPLEMENT FOR THE FUND.

/s/	STEVEN I. KOSZALKA
	STEVEN I. KOSZALKA
	SECRETARY

Summary Prospectus Amendment

April 7, 2017

For the following funds with summary prospectuses dated January 1, 2017–March 1, 2017

AMCAP Fund^®

American Balanced Fund^®

American Funds Corporate Bond Fund^SM

American Funds Developing World Growth and Income Fund^SM

American Funds Emerging Markets Bond Fund^SM

American Funds Global Balanced Fund^SM

American Funds Inflation Linked Bond Fund^®

American Funds Mortgage Fund^®

American Funds Short-Term Tax-Exempt Bond Fund^®

American Funds Strategic Bond Fund^SM

American Funds Tax-Exempt Fund of New York^®

American Funds U.S. Government Money Market Fund^SM

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^®

Fundamental Investors^®

The Growth Fund of America^®

The Income Fund of America^®

Intermediate Bond Fund of America^®

International Growth and Income Fund^SM

The Investment Company of America^®

Limited Term Tax-Exempt Bond Fund of America^®

The New Economy Fund^®

New Perspective Fund^®

New World Fund^®

Short-Term Bond Fund of America^®

SMALLCAP World Fund^®

The Tax-Exempt Bond Fund of America^®

The Tax-Exempt Fund of California^®

U.S. Government Securities Fund^®

Washington Mutual Investors Fund^SM

Keep this amendment with your summary prospectus. Each fund’s summary prospectus consists of this amendment and the fund’s summary prospectus, as supplemented to date (which is incorporated herein by reference). For additional information about a fund, you should refer to its prospectus and statement of additional information, in each case as supplemented to date, except where specific information is provided in this amendment, in which case the disclosure provided in this amendment is controlling.

On or about April 7, 2017, (i) each fund listed on the cover of this amendment expects to issue Class T shares and (ii) each fund listed on the cover of this amendment (other than American Funds Short-Term Tax-Exempt Bond Fund, American Funds Tax-Exempt Fund of New York, American High-Income Municipal Bond Fund, Limited Term Tax-Exempt Bond Fund of America, The Tax-Exempt Bond Fund of America and The Tax-Exempt Fund of California) expects to issue Class 529-T shares, which will generally be available only through an account established with a 529 college savings plan managed by the American Funds organization. You are receiving this amendment because you hold, or have recently held, shares of one or more of the funds listed on the cover of this amendment, and the summary prospectus for each fund is being amended hereby.

1. The legend on the cover page of the summary prospectus for each of the funds listed on the cover of this amendment is amended in its entirety to read as follows:

Before you invest, you may want to review the fund’s prospectus and statement of additional information, which contain more information about the fund and its risks. You can find the fund’s prospectus, statement of additional information and other information about the fund online at americanfunds.com/prospectus. You can also get this information at no cost by calling (800) 421-4225 or by sending an email request to prospectus@americanfunds.com. The current prospectus and statement of additional information, dated April 7, 2017, are incorporated by reference into this summary prospectus.

2. The “Fees and expenses of the fund” section of the summary prospectus for each of the funds listed on the cover of this amendment (other than American Funds Emerging Markets Bond Fund and American Funds U.S. Government Money Market Fund) is amended by supplementing the “Shareholder fees” table with the additional column captioned “T and/or 529-T” set forth below. Shareholder fee information for all other share classes, as well as footnotes in the summary prospectus, remain unchanged.

Shareholder fees (fees paid directly from your investment)
Share class:	T and/or 529-T
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	2.50	%
Maximum deferred sales charge (load) (as a percentage of the amount redeemed)	none
Maximum sales charge (load) imposed on reinvested dividends	none
Redemption or exchange fees	none

3. The “Fees and expenses of the fund” section of the summary prospectus for American Funds Emerging Markets Bond Fund is amended by supplementing the “Shareholder fees” table with the additional column captioned “T and 529-T” set forth below. Shareholder fee information for all other share classes, as well as footnotes in the summary prospectus, remain unchanged.

Shareholder fees (fees paid directly from your investment)
Share class:	T and 529-T
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	2.50	%
Maximum deferred sales charge (load) (as a percentage of the lesser of the original cost or current market value of shares sold)	none
Maximum deferred sales charge (load) (as a percentage of the amount redeemed)	none
Maximum sales charge (load) imposed on reinvested dividends	none
Redemption or exchange fees	none

4. The “Fees and expenses of the fund” section of the summary prospectus for American Funds U.S. Government Money Market Fund is amended by replacing the “Shareholder fees” and “Annual fund operating expenses” tables and the cumulative estimated expense example table under the heading “Example” in their entirety with the following:

Shareholder fees (fees paid directly from your investment)

All F and

All R

A and

C and

T and

529-F share

share

Share class:

529-A

529-C

529-E

529-T

classes

classes

Maximum sales charge (load) imposed on purchases (as a percentage of offering price)

none

none

none

none

none

none

Maximum deferred sales charge (load) (as a percentage of the amount redeemed)

none

1.00

%

none

none

none

none

Maximum sales charge (load) imposed on reinvested dividends

none

none

none

none

none

none

Redemption or exchange fees

none

none

none

none

none

none

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3			529-A			529-C			529-E			529-T
Management fees		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%
Distribution and/or service (12b-1) fees		0.00			0.00			0.00			0.25			none			none			0.00			0.00			0.00			0.00
Other expenses		0.11			0.15			0.15	1		0.19			0.19			0.09	1		0.23			0.23			0.22			0.21	1
Total annual fund operating expenses		0.38			0.42			0.42			0.71			0.46			0.36			0.50			0.50			0.49			0.48
Expense reimbursement		—			—			—			—			—			0.01	2		—			—			—			—
Total annual fund operating expenses after expense reimbursement		0.38			0.42			0.42			0.71			0.46			0.35			0.50			0.50			0.49			0.48

1 Summary Prospectus Amendment

Share class:	529-F-1			R-1			R-2			R-2E			R-3			R-4			R-5E			R-5			R-6
Management fees		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%
Distribution and/or service (12b-1) fees		0.00			0.00			0.75	3		0.60	3		0.50	3		0.25	3		none			none			none
Other expenses		0.22			0.19			0.42			0.26			0.22	3		0.18			0.29			0.13			0.07
Total annual fund operating expenses		0.49			0.46			1.44			1.13			0.99			0.70			0.56			0.40			0.34

¹ Based on estimated amounts for the current fiscal year.

² The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

³ Restated to reflect current fees.

Example

Share class:	A		C		T		F-1		F-2		F-3			529-A		529-C		529-E		529-T		529-F-1		R-1		R-2
1 year	$	39	$	143	$	292	$	73	$	47	$	36		$	51	$	151	$	50	$	299	$	50	$	47	$	147
3 years		122		135		382		227		148		115			160		160		157		404		157		148		456
5 years		213		235		480		395		258		201			280		280		274		519		274		258		787
10 years		480		530		767		883		579		455			628		628		616		854		616		579		1,724
Share class:	R-2E		R-3		R-4		R-5E		R-5		R-6										Share class:			C		529-C
1 year	$	115	$	101	$	72	$	57	$	41	$	35	For the share classes listed to the right, you would pay the following if you did not redeem your shares:								1 year			$	43	$	51
3 years		359		315		224		179		128		109									3 years				135		160
5 years		622		547		390		313		224		191									5 years				235		280
10 years		1,375		1,213		871		701		505		431									10 years				530		628

5. The “Fees and expenses of the fund” section of the summary prospectus for each of the funds listed below is amended by replacing the “Annual fund operating expenses” table and the cumulative estimated expense example table under the heading “Example” in their entirety with the corresponding tables set forth under such fund’s name below. Except as indicated below each table, footnotes in the summary prospectus remain unchanged.

American Funds Inflation Linked Bond Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3			529-A			529-C			529-E			529-T
Management fees		0.33	%		0.33	%		0.33	%		0.33	%		0.33	%		0.33	%		0.33	%		0.33	%		0.33	%		0.33	%
Distribution and/or service (12b-1) fees		0.30			1.00			0.25			0.25			none			none			0.09			0.99			0.47			0.25
Other expenses		0.14	2		0.18	2		0.18	3		0.16	2		0.18	2		0.08	3		0.25	2		0.25	2		0.20	2		0.24	3
Total annual fund operating expenses		0.77			1.51			0.76			0.74			0.51			0.41			0.67			1.57			1.00			0.82
Share class:	529-F-1			R-1			R-2			R-2E			R-3			R-4			R-5E			R-5			R-6
Management fees		0.33	%		0.33	%		0.33	%		0.33	%		0.33	%		0.33	%		0.33	%		0.33	%		0.33	%
Distribution and/or service (12b-1) fees		0.00			1.00	2		0.74			0.56			0.49			0.25			none			none			none
Other expenses		0.25			0.29	2		0.46	2		0.28	2		0.24	2		0.16	2		0.30	2		0.15	2		0.09	2
Total annual fund operating expenses		0.58			1.62			1.53			1.17			1.06			0.74			0.63			0.48			0.42
Expense reimbursement		—			—			—			0.01	2,4		—			—			0.05	2,4		—			—
Total annual fund operating expenses after expense reimbursement		0.58			1.62			1.53			1.16			1.06			0.74			0.58			0.48			0.42

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3			529-A		529-C		529-E		529-T		529-F-1		R-1		R-2
1 year	$	327	$	254	$	326	$	76	$	52	$	42		$	317	$	260	$	102	$	334	$	59	$	165	$	156
3 years		490		477		487		237		164		132			459		496		318		512		186		511		483
5 years		667		824		662		411		285		230			614		855		552		705		324		881		834
10 years		1,180		1,802		1,169		918		640		518			1,064		1,867		1,225		1,264		726		1,922		1,824
Share class:	R-2E		R-3		R-4		R-5E		R-5		R-6									Share class:					C		529-C
1 year	$	118	$	108	$	76	$	59	$	49	$	43	For the share classes listed to the right, you would pay the following if you did not redeem your shares:							1 year				$	154	$	160
3 years		371		337		237		197		154		135								3 years					477		496
5 years		643		585		411		346		269		235								5 years					824		855
10 years		1,419		1,294		918		782		604		530								10 years					1,802		1,867

International Growth and Income Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3			529-A			529-C			529-E			529-T
Management fees		0.49	%		0.49	%		0.49	%		0.49	%		0.49	%		0.49	%		0.49	%		0.49	%		0.49	%		0.49	%
Distribution and/or service (12b-1) fees		0.23			1.00			0.25			0.25			none			none			0.20			0.99			0.50			0.25
Other expenses		0.19			0.23			0.23	2		0.22			0.21			0.11	2		0.29	3		0.31			0.23			0.29	2
Total annual fund operating expenses		0.91			1.72			0.97			0.96			0.70			0.60			0.98			1.79			1.22			1.03

Summary Prospectus Amendment 2

Share class:	529-F-1			R-1			R-2			R-2E			R-3			R-4			R-5E			R-5			R-6
Management fees		0.49	%		0.49	%		0.49	%		0.49	%		0.49	%		0.49	%		0.49	%		0.49	%		0.49	%
Distribution and/or service (12b-1) fees		0.00			1.00			0.74			0.60			0.49			0.25			none			none			none
Other expenses		0.30			0.19			0.47	3		0.34	3		0.26	3		0.19			0.31			0.14			0.09
Total annual fund operating expenses		0.79			1.68			1.70			1.43			1.24			0.93			0.80			0.63			0.58

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1		R-1		R-2
1 year	$	663	$	275	$	346	$	98	$	72	$	61	$	669	$	282	$	124	$	355	$	81	$	171	$	173
3 years		848		542		551		306		224		192		869		563		387		578		252		530		536
5 years		1,050		933		773		531		390		335		1,086		970		670		819		439		913		923
10 years		1,630		2,030		1,410		1,178		871		750		1,707		2,105		1,477		1,509		978		1,987		2,009

Share class:	R-2E		R-3		R-4		R-5E		R-5		R-6			Share class:	C		529-C
1 year	$	146	$	126	$	95	$	82	$	64	$	59	For the share classes listed to the	1 year	$	175	$	182
3 years		452		393		296		255		202		186	right, you would pay the following	3 years		542		563
5 years		782		681		515		444		351		324	if you did not redeem your shares:	5 years		933		970
10 years		1,713		1,500		1,143		990		786		726		10 years		2,030		2,105

6. The “Fees and expenses of the fund” section of the summary prospectus for each of the funds listed below is amended by (i) supplementing the “Annual fund operating expenses” table with the additional columns captioned “T” and/or “529-T” set forth under such fund’s name below and (ii) supplementing the cumulative estimated expense example table under the heading “Example” with the additional line column(s) captioned “T” and/or “529-T” set forth under such fund’s name below. Expense information for all other share classes (which are shown for comparative purposes only) remains unchanged. Except as indicated below each table, footnotes in the summary prospectus remain unchanged.

AMCAP Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.31	%		0.31	%		0.31	%		0.31	%		0.31	%		0.31	%
Distribution and/or service (12b-1) fees		0.23			1.00			0.25			0.25			none			none
Other expenses		0.13			0.17			0.18	2		0.17			0.16			0.07	2
Total annual fund operating expenses		0.67			1.48			0.74			0.73			0.47			0.38
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.31	%		0.31	%		0.31	%		0.31	%		0.31	%
Distribution and/or service (12b-1) fees		0.22			0.99			0.50			0.25			0.00
Other expenses		0.22	3		0.25			0.19			0.23	2		0.25
Total annual fund operating expenses		0.75			1.55			1.00			0.79			0.56
Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	640	$	251	$	324	$	75	$	48	$	39	$	647	$	258	$	102	$	331	$	57
3 years		777		468		481		233		151		122		801		490		318		502		179
5 years		927		808		651		406		263		213		968		845		552		689		313
10 years		1,362		1,768		1,145		906		591		480		1,452		1,845		1,225		1,228		701

American Balanced Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.23	%		0.23	%		0.23	%		0.23	%		0.23	%		0.23	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.12			0.15			0.16	2		0.18			0.16			0.06	2
Total annual fund operating expenses		0.59			1.38			0.64			0.66			0.39			0.29
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.23	%		0.23	%		0.23	%		0.23	%		0.23	%
Distribution and/or service (12b-1) fees		0.23			0.99			0.50			0.25			0.00
Other expenses		0.21			0.22			0.18			0.21	2		0.21
Total annual fund operating expenses		0.67			1.44			0.91			0.69			0.44
Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	632	$	240	$	314	$	67	$	40	$	30	$	640	$	247	$	93	$	320	$	45
3 years		753		437		450		211		125		93		777		456		290		471		141
5 years		885		755		598		368		219		163		927		787		504		634		246
10 years		1,270		1,657		1,028		822		493		368		1,362		1,724		1,120		1,109		555

3 Summary Prospectus Amendment

American Funds Corporate Bond Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.46	%		0.46	%		0.46	%		0.46	%		0.46	%		0.46	%
Distribution and/or service (12b-1) fees		0.30			1.00			0.25			0.25			none			none
Other expenses2		0.41			0.46			0.45			0.46			0.43			0.35
Total annual fund operating expenses		1.17			1.92			1.16			1.17			0.89			0.81
Expense reimbursement3		0.22			0.22			0.22			0.22			0.22			0.23
Total annual fund operating expenses after expense reimbursement		0.95			1.70			0.94			0.95			0.67			0.58
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.46	%		0.46	%		0.46	%		0.46	%		0.46	%
Distribution and/or service (12b-1) fees		0.30			1.00			0.50			0.25			0.00
Other expenses2		0.50			0.51			0.47			0.50			0.50
Total annual fund operating expenses		1.26			1.97			1.43			1.21			0.96
Expense reimbursement3		0.22			0.22			0.22			0.22			0.22
Total annual fund operating expenses after expense reimbursement		1.04			1.75			1.21			0.99			0.74

³ The investment adviser is currently reimbursing a portion of the other expenses for each share class. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	468	$	273	$	344	$	97	$	68	$	59	$	477	$	278	$	123	$	351	$	76
3 years		712		582		588		350		262		236		739		597		431		612		284
5 years		974		1,016		851		622		472		427		1,020		1,042		761		894		509
10 years		1,723		2,225		1,602		1,401		1,076		980		1,822		2,278		1,694		1,696		1,158

American Funds Developing World Growth and Income Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.76	%		0.76	%		0.76	%		0.76	%		0.76	%		0.76	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.33			0.38			0.38	2		0.29			0.28			0.16	2
Total annual fund operating expenses		1.33			2.14			1.39			1.30			1.04			0.92
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.76	%		0.76	%		0.76	%		0.76	%		0.76	%
Distribution and/or service (12b-1) fees		0.19			1.00			0.50			0.25			0.00
Other expenses		0.44			0.45			0.30			0.43	2		0.43
Total annual fund operating expenses		1.39			2.21			1.56			1.44			1.19

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	703	$	317	$	388	$	132	$	106	$	94	$	708	$	324	$	159	$	397	$	121
3 years		972		670		679		412		331		293		990		691		493		706		378
5 years		1,262		1,149		991		713		574		509		1,292		1,185		850		1,037		654
10 years		2,084		2,472		1,877		1,568		1,271		1,131		2,148		2,544		1,856		1,974		1,443

American Funds Emerging Markets Bond Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.57	%		0.57	%		0.57	%		0.57	%		0.57	%		0.57	%
Distribution and/or service (12b-1) fees		0.30	1		1.00	1		0.25			0.23			none			none
Other expenses2		0.29			0.37			0.28			0.35			0.30			0.41
Total annual fund operating expenses		1.16			1.94			1.10			1.15			0.87			0.98
Expense reimbursement3		0.08			0.08			0.08			0.08			0.08			0.30
Total annual fund operating expenses after expense reimbursement		1.08			1.86			1.02			1.07			0.79			0.68
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.57	%		0.57	%		0.57	%		0.57	%		0.57	%
Distribution and/or service (12b-1) fees		0.29			1.00	1		0.50	1		0.25			0.00
Other expenses2		0.42			0.42			0.40			0.34			0.43
Total annual fund operating expenses		1.28			1.99			1.47			1.16			1.00
Expense reimbursement3		0.08			0.08			0.08			0.08			0.08
Total annual fund operating expenses after expense reimbursement		1.20			1.91			1.39			1.08			0.92

³ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Summary Prospectus Amendment 4

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	481	$	289	$	351	$	109	$	81	$	69	$	493	$	294	$	142	$	360	$	94
3 years		722		601		583		357		270		282		758		617		457		611		310
5 years		982		1,040		833		625		474		512		1,044		1,065		795		881		545
10 years		1,724		2,258		1,549		1,390		1,065		1,174		1,855		2,310		1,751		1,652		1,217

American Funds Global Balanced Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.46	%		0.46	%		0.46	%		0.46	%		0.46	%		0.46	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.15			0.19			0.18	2		0.20			0.19			0.08	2
Total annual fund operating expenses		0.85			1.65			0.89			0.91			0.65			0.54
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.46	%		0.46	%		0.46	%		0.46	%		0.46	%
Distribution and/or service (12b-1) fees		0.21			1.00			0.50			0.25			0.00
Other expenses		0.26			0.26			0.20			0.24	2		0.26
Total annual fund operating expenses		0.93			1.72			1.16			0.95			0.72

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	657	$	268	$	339	$	93	$	66	$	55	$	664	$	275	$	118	$	347	$	74
3 years		831		520		527		290		208		173		854		542		368		553		230
5 years		1,019		897		731		504		362		302		1,060		933		638		775		401
10 years		1,564		1,955		1,319		1,120		810		677		1,652		2,030		1,409		1,416		894

American Funds Mortgage Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.20			0.24			0.23	2		0.18			0.17			0.07	2
Total annual fund operating expenses		0.68			1.48			0.72			0.67			0.41			0.31

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%
Distribution and/or service (12b-1) fees		0.22			1.00			0.49			0.25			0.00
Other expenses		0.30			0.31			0.28			0.29	2		0.31
Total annual fund operating expenses		0.76			1.55			1.01			0.78			0.55

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	442	$	251	$	322	$	68	$	42	$	32	$	450	$	258	$	103	$	330	$	56
3 years		584		468		474		214		132		100		609		490		322		499		176
5 years		739		808		641		373		230		174		782		845		558		683		307
10 years		1,190		1,768		1,122		835		518		393		1,282		1,845		1,236		1,216		689

American Funds Short-Term Tax-Exempt Bond Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			T			F-1			F-2			F-3
Management fees		0.37	%		0.37	%		0.37	%		0.37	%		0.37	%
Distribution and/or service (12b-1) fees		0.15			0.25			0.25			none			none
Other expenses		0.07			0.11	2		0.19			0.19			0.08	2
Total annual fund operating expenses		0.59			0.73			0.81			0.56			0.45

Example

Share class:	A		T		F-1		F-2		F-3
1 year	$	309	$	323	$	83	$	57	$	46
3 years		434		478		259		179		144
5 years		571		646		450		313		252
10 years		969		1,134		1,002		701		567

5 Summary Prospectus Amendment

American Funds Strategic Bond Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.57	%		0.57	%		0.57	%		0.57	%		0.57	%		0.57	%
Distribution and/or service (12b-1) fees		0.30			1.00			0.25			0.25			none			none
Other expenses		0.16			0.21			0.20	3		0.24			0.23	2		0.13	3
Total annual fund operating expenses		1.03			1.78			1.02			1.06			0.80			0.70
Expense reimbursement2,4		0.02			0.02			0.02			0.02			0.02			0.02
Total annual fund operating expenses after expense reimbursement		1.01			1.76			1.00			1.04			0.78			0.68

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.57	%		0.57	%		0.57	%		0.57	%		0.57	%
Distribution and/or service (12b-1) fees		0.30			0.97			0.50	2		0.25			0.00
Other expenses		0.28	2		0.28			0.22			0.28	3		0.27
Total annual fund operating expenses		1.15			1.82			1.29			1.10			0.84
Expense reimbursement2,4		0.02			0.02			0.02			0.02			0.02
Total annual fund operating expenses after expense reimbursement		1.13			1.80			1.27			1.08			0.82

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	474	$	279	$	349	$	106	$	80	$	69	$	486	$	283	$	129	$	360	$	84
3 years		689		558		565		335		253		222		725		571		407		598		266
5 years		920		963		797		583		442		388		982		983		706		854		464
10 years		1,585		2,093		1,465		1,292		988		869		1,718		2,136		1,555		1,588		1,035

American Funds Tax-Exempt Fund of New York

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.34	%		0.34	%		0.34	%		0.34	%		0.34	%		0.34	%
Distribution and/or service (12b-1) fees		0.25			1.00			0.25			0.16	2		none			none
Other expenses		0.13			0.17			0.16	3		0.22			0.24			0.14	3
Total annual fund operating expenses		0.72			1.51			0.75			0.72			0.58			0.48
Expense reimbursement4		0.03			0.03			0.03			0.03			0.03			0.03
Total annual fund operating expenses after expense reimbursement		0.69			1.48			0.72			0.69			0.55			0.45

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3
1 year	$	443	$	251	$	322	$	70	$	56	$	46
3 years		594		474		481		227		183		151
5 years		758		821		654		398		321		266
10 years		1,233		1,799		1,154		892		723		601

American High-Income Municipal Bond Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.30	%		0.30	%		0.30	%		0.30	%		0.30	%		0.30	%
Distribution and/or service (12b-1) fees		0.28			1.00			0.25			0.25			none			none
Other expenses		0.09			0.13			0.14	2		0.19			0.18			0.09	2
Total annual fund operating expenses		0.67			1.43			0.69			0.74			0.48			0.39
Example
Share class:	A			C			T			F-1			F-2			F-3
1 year	$	441		$	246		$	319		$	76		$	49		$	40
3 years		581			452			465			237			154			125
5 years		734			782			625			411			269			219
10 years		1,178			1,713			1,087			918			604			493

American High-Income Trust

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.29	%		0.29	%		0.29	%		0.29	%		0.29	%		0.29	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.18			0.22			0.22	2		0.20			0.19			0.07	2
Total annual fund operating expenses		0.71			1.51			0.76			0.74			0.48			0.36

Summary Prospectus Amendment 6

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.29	%		0.29	%		0.29	%		0.29	%		0.29	%
Distribution and/or service (12b-1) fees		0.23			0.98			0.49			0.25			0.00
Other expenses		0.29			0.30			0.22			0.28	2		0.29
Total annual fund operating expenses		0.81			1.57			1.00			0.82			0.58

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	445	$	254	$	326	$	76	$	49	$	37	$	455	$	260	$	102	$	334	$	59
3 years		594		477		487		237		154		116		624		496		318		512		186
5 years		755		824		662		411		269		202		808		855		552		705		324
10 years		1,224		1,802		1,169		918		604		456		1,339		1,867		1,225		1,264		726

American Mutual Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.11			0.15			0.15	2		0.18			0.18			0.06	2
Total annual fund operating expenses		0.59			1.39			0.64			0.67			0.42			0.30

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%
Distribution and/or service (12b-1) fees		0.23			0.99			0.50			0.25			0.00
Other expenses		0.22			0.23			0.19			0.21	2		0.22
Total annual fund operating expenses		0.69			1.46			0.93			0.70			0.46

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	632	$	242	$	314	$	68	$	43	$	31	$	641	$	249	$	95	$	322	$	47
3 years		753		440		450		214		135		97		783		462		296		474		148
5 years		885		761		598		373		235		169		937		797		515		640		258
10 years		1,270		1,669		1,028		835		530		381		1,384		1,746		1,143		1,121		579

The Bond Fund of America

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.19	%		0.19	%		0.19	%		0.19	%		0.19	%		0.19	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.18			0.21			0.21	2		0.20			0.17			0.07	2
Total annual fund operating expenses		0.61			1.40			0.65			0.64			0.36			0.26

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.19	%		0.19	%		0.19	%		0.19	%		0.19	%
Distribution and/or service (12b-1) fees		0.23			0.99			0.50			0.25			0.00
Other expenses		0.27			0.27			0.21			0.26	2		0.27
Total annual fund operating expenses		0.69			1.45			0.90			0.70			0.46

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	435	$	243	$	315	$	65	$	37	$	27	$	443	$	248	$	92	$	322	$	47
3 years		563		443		453		205		116		84		587		459		287		474		148
5 years		703		766		603		357		202		146		745		792		498		640		258
10 years		1,109		1,680		1,040		798		456		331		1,201		1,735		1,108		1,121		579

Capital Income Builder

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.23	%		0.23	%		0.23	%		0.23	%		0.23	%		0.23	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.13			0.17			0.16	2		0.19			0.17			0.07	2
Total annual fund operating expenses		0.60			1.40			0.64			0.67			0.40			0.30

7 Summary Prospectus Amendment

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.23	%		0.23	%		0.23	%		0.23	%		0.23	%
Distribution and/or service (12b-1) fees		0.22			0.99			0.50			0.25			0.00
Other expenses		0.24			0.24			0.19			0.21	2		0.23
Total annual fund operating expenses		0.69			1.46			0.92			0.69			0.46

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	633	$	243	$	314	$	68	$	41	$	31	$	641	$	249	$	94	$	320	$	47
3 years		756		443		450		214		128		97		783		462		293		471		148
5 years		891		766		598		373		224		170		937		797		509		634		258
10 years		1,282		1,680		1,028		835		505		383		1,384		1,746		1,131		1,109		579

Capital World Bond Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.44	%		0.44	%		0.44	%		0.44	%		0.44	%		0.44	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.27			0.31			0.31	2		0.27			0.21			0.11	2
Total annual fund operating expenses		0.95			1.75			1.00			0.96			0.65			0.55

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.44	%		0.44	%		0.44	%		0.44	%		0.44	%
Distribution and/or service (12b-1) fees		0.23			0.99			0.49			0.25			0.00
Other expenses		0.36			0.37			0.27			0.35	2		0.36
Total annual fund operating expenses		1.03			1.80			1.20			1.04			0.80

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	468	$	278	$	349	$	98	$	66	$	56	$	476	$	283	$	122	$	356	$	82
3 years		666		551		560		306		208		176		691		566		381		581		255
5 years		881		949		789		531		362		307		922		975		660		824		444
10 years		1,498		2,062		1,444		1,178		810		689		1,587		2,116		1,455		1,521		990

Capital World Growth and Income Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.38	%		0.38	%		0.38	%		0.38	%		0.38	%		0.38	%
Distribution and/or service (12b-1) fees		0.24			0.99			0.25			0.25			none			none
Other expenses		0.17			0.22			0.21	2		0.20			0.17			0.07	2
Total annual fund operating expenses		0.79			1.59			0.84			0.83			0.55			0.45

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.38	%		0.38	%		0.38	%		0.38	%		0.38	%
Distribution and/or service (12b-1) fees		0.22			0.99			0.50			0.25			0.00
Other expenses		0.27			0.27			0.21			0.26	2		0.26
Total annual fund operating expenses		0.87			1.64			1.09			0.89			0.64

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	651	$	262	$	334	$	85	$	56	$	46	$	659	$	267	$	111	$	341	$	65
3 years		813		502		511		265		176		144		837		517		347		534		205
5 years		989		866		704		460		307		252		1,029		892		601		743		357
10 years		1,497		1,889		1,261		1,025		689		567		1,586		1,944		1,329		1,346		798

EuroPacific Growth Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.42	%		0.42	%		0.42	%		0.42	%		0.42	%		0.42	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.17			0.20			0.21	2		0.19			0.18			0.09	2
Total annual fund operating expenses		0.83			1.62			0.88			0.86			0.60			0.51

Summary Prospectus Amendment 8

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.42	%		0.42	%		0.42	%		0.42	%		0.42	%
Distribution and/or service (12b-1) fees		0.21			0.99			0.50			0.25			0.00
Other expenses		0.25	3		0.27			0.22			0.24	2		0.27
Total annual fund operating expenses		0.88			1.68			1.14			0.91			0.69
Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	655	$	265	$	338	$	88	$	61	$	52	$	660	$	271	$	116	$	343	$	70
3 years		825		511		524		274		192		164		840		530		362		540		221
5 years		1,009		881		725		477		335		285		1,035		913		628		754		384
10 years		1,541		1,922		1,307		1,061		750		640		1,597		1,987		1,386		1,370		859

Fundamental Investors

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.25	%		0.25	%		0.25	%		0.25	%		0.25	%		0.25	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.12			0.16			0.17	2		0.18			0.16			0.07	2
Total annual fund operating expenses		0.61			1.41			0.67			0.68			0.41			0.32

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.25	%		0.25	%		0.25	%		0.25	%		0.25	%
Distribution and/or service (12b-1) fees		0.22			0.99			0.50			0.25			0.00
Other expenses		0.22			0.23			0.18			0.22	2		0.23
Total annual fund operating expenses		0.69			1.47			0.93			0.72			0.48
Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	634	$	244	$	317	$	69	$	42	$	33	$	641	$	250	$	95	$	324	$	49
3 years		759		446		459		218		132		103		783		465		296		480		154
5 years		896		771		614		379		230		180		937		803		515		651		269
10 years		1,293		1,691		1,064		847		518		406		1,384		1,757		1,143		1,144		604

The Growth Fund of America

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.15			0.19			0.19	2		0.19			0.17			0.06	2
Total annual fund operating expenses		0.66			1.46			0.71			0.71			0.44			0.33

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.27	%		0.27	%		0.27	%		0.27	%		0.27	%
Distribution and/or service (12b-1) fees		0.22			0.99			0.50			0.25			0.00
Other expenses		0.25			0.26			0.21			0.24	2		0.25
Total annual fund operating expenses		0.74			1.52			0.98			0.76			0.52
Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	639	$	249	$	321	$	73	$	45	$	34	$	646	$	255	$	100	$	328	$	53
3 years		774		462		471		227		141		106		798		480		312		493		167
5 years		922		797		635		395		246		185		963		829		542		672		291
10 years		1,350		1,746		1,110		883		555		418		1,441		1,813		1,201		1,192		653

The Income Fund of America

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.22	%		0.22	%		0.22	%		0.22	%		0.22	%		0.22	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.10			0.14			0.14	2		0.18			0.17			0.06	2
Total annual fund operating expenses		0.56			1.36			0.61			0.65			0.39			0.28

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.22	%		0.22	%		0.22	%		0.22	%		0.22	%
Distribution and/or service (12b-1) fees		0.23			0.99			0.50			0.25			0.00
Other expenses		0.21			0.22			0.17			0.19	2		0.21
Total annual fund operating expenses		0.66			1.43			0.89			0.66			0.43

9 Summary Prospectus Amendment

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	629	$	238	$	311	$	66	$	40	$	29	$	639	$	246	$	91	$	317	$	44
3 years		744		431		440		208		125		90		774		452		284		461		138
5 years		870		745		582		362		219		157		922		782		493		618		241
10 years		1,236		1,635		993		810		493		356		1,350		1,713		1,096		1,072		542

Intermediate Bond Fund of America

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.20	%		0.20	%		0.20	%		0.20	%		0.20	%		0.20	%
Distribution and/or service (12b-1) fees		0.25			1.00			0.25			0.25			none			none
Other expenses		0.16			0.19			0.19	2		0.21			0.17			0.06	2
Total annual fund operating expenses		0.61			1.39			0.64			0.66			0.37			0.26
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.20	%		0.20	%		0.20	%		0.20	%		0.20	%
Distribution and/or service (12b-1) fees		0.23			0.98			0.50			0.25			0.00
Other expenses		0.27			0.28			0.20			0.25	2		0.27
Total annual fund operating expenses		0.70			1.46			0.90			0.70			0.47

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	311	$	242	$	314	$	67	$	38	$	27	$	320	$	249	$	92	$	320	$	48
3 years		440		440		450		211		119		84		468		462		287		468		151
5 years		582		761		598		368		208		146		630		797		498		630		263
10 years		993		1,669		1,028		822		468		331		1,099		1,746		1,108		1,099		591

The Investment Company of America

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%
Distribution and/or service (12b-1) fees		0.23			0.99			0.25			0.25			none			none
Other expenses		0.12			0.16			0.16	2		0.20			0.17			0.07	2
Total annual fund operating expenses		0.59			1.39			0.65			0.69			0.41			0.31
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%
Distribution and/or service (12b-1) fees		0.22			0.99			0.50			0.25			0.00
Other expenses		0.22			0.22			0.18			0.21	2		0.22
Total annual fund operating expenses		0.68			1.45			0.92			0.70			0.46

Example

Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	632	$	242	$	315	$	70	$	42	$	32	$	640	$	248	$	94	$	322	$	47
3 years		753		440		453		221		132		100		780		459		293		474		148
5 years		885		761		603		384		230		174		932		792		509		640		258
10 years		1,270		1,669		1,040		859		518		393		1,373		1,735		1,131		1,121		579

Limited Term Tax-Exempt Bond Fund of America

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%
Distribution and/or service (12b-1) fees		0.30			1.00			0.25			0.25			none			none
Other expenses		0.05			0.09			0.10	2		0.18			0.17			0.07	2
Total annual fund operating expenses		0.59			1.33			0.59			0.67			0.41			0.31
Example
Share class:	A			C			T			F-1			F-2			F-3
1 year	$	309		$	235		$	309		$	68		$	42		$	32
3 years		434			421			434			214			132			100
5 years		571			729			571			373			230			174
10 years		969			1,601			969			835			518			393

The New Economy Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.39	%		0.39	%		0.39	%		0.39	%		0.39	%		0.39	%
Distribution and/or service (12b-1) fees		0.23			1.00			0.25			0.25			none			none
Other expenses		0.19			0.23			0.23	2		0.21			0.19			0.08	2
Total annual fund operating expenses		0.81			1.62			0.87			0.85			0.58			0.47

Summary Prospectus Amendment 10

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.39	%		0.39	%		0.39	%		0.39	%		0.39	%
Distribution and/or service (12b-1) fees		0.20			0.99			0.50			0.25			0.00
Other expenses		0.29			0.29			0.23			0.28	2		0.29
Total annual fund operating expenses		0.88			1.67			1.12			0.92			0.68

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example
Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	653	$	265	$	337	$	87	$	59	$	48	$	660	$	270	$	114	$	344	$	69
3 years		819		511		521		271		186		151		840		526		356		543		218
5 years		999		881		720		471		324		263		1,035		907		617		759		379
10 years		1,519		1,922		1,296		1,049		726		591		1,597		1,976		1,363		1,381		847

New Perspective Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.38	%		0.38	%		0.38	%		0.38	%		0.38	%		0.38	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.15			0.19			0.19	2		0.21			0.17			0.07	2
Total annual fund operating expenses		0.77			1.57			0.82			0.84			0.55			0.45
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.38	%		0.38	%		0.38	%		0.38	%		0.38	%
Distribution and/or service (12b-1) fees		0.22			0.99			0.49			0.25			0.00
Other expenses		0.26			0.26			0.22			0.24	2		0.25
Total annual fund operating expenses		0.86			1.63			1.09			0.87			0.63

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example
Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	649	$	260	$	332	$	86	$	56	$	46	$	658	$	266	$	111	$	339	$	64
3 years		807		496		505		268		176		144		834		514		347		528		202
5 years		978		855		694		466		307		252		1,024		887		601		732		351
10 years		1,474		1,867		1,238		1,037		689		567		1,575		1,933		1,329		1,323		786

New World Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.55	%		0.55	%		0.55	%		0.55	%		0.55	%		0.55	%
Distribution and/or service (12b-1) fees		0.23			1.00			0.25			0.25			none			none
Other expenses		0.29			0.33			0.32	3		0.23			0.21			0.11	3
Total annual fund operating expenses		1.07			1.88			1.12			1.03			0.76			0.66
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.55	%		0.55	%		0.55	%		0.55	%		0.55	%
Distribution and/or service (12b-1) fees		0.21			0.98			0.50			0.25			0.00
Other expenses		0.37			0.39			0.29			0.36	3		0.38
Total annual fund operating expenses		1.13			1.92			1.34			1.16			0.93

² The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example
Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	678	$	291	$	361	$	105	$	78	$	67	$	684	$	295	$	136	$	368	$	95
3 years		896		591		597		328		243		211		913		603		425		618		296
5 years		1,131		1,016		851		569		422		368		1,161		1,037		734		888		515
10 years		1,806		2,201		1,579		1,259		942		822		1,871		2,243		1,613		1,659		1,143

Short-Term Bond Fund of America

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.28	%		0.28	%		0.28	%		0.28	%		0.28	%		0.28	%
Distribution and/or service (12b-1) fees		0.21			0.99			0.25			0.25			none			none
Other expenses		0.13			0.18			0.17	2		0.19			0.18			0.07	2
Total annual fund operating expenses		0.62			1.45			0.70			0.72			0.46			0.35

11 Summary Prospectus Amendment

Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.28	%		0.28	%		0.28	%		0.28	%		0.28	%
Distribution and/or service (12b-1) fees		0.14			0.99			0.49			0.25			0.00
Other expenses		0.24			0.24			0.22			0.23	2		0.24
Total annual fund operating expenses		0.66			1.51			0.99			0.76			0.52

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example
Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	312	$	248	$	320	$	74	$	47	$	36	$	316	$	254	$	101	$	328	$	53
3 years		444		459		468		230		148		113		456		477		315		493		167
5 years		587		792		630		401		258		197		609		824		547		672		291
10 years		1,005		1,735		1,099		894		579		443		1,052		1,802		1,213		1,192		653

SMALLCAP World Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.63	%		0.63	%		0.63	%		0.63	%		0.63	%		0.63	%
Distribution and/or service (12b-1) fees		0.24			1.00			0.25			0.25			none			none
Other expenses		0.23			0.27			0.27	2		0.23			0.19			0.08	2
Total annual fund operating expenses		1.10			1.90			1.15			1.11			0.82			0.71
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.63	%		0.63	%		0.63	%		0.63	%		0.63	%
Distribution and/or service (12b-1) fees		0.21			0.99			0.50			0.25			0.00
Other expenses		0.33			0.34			0.25			0.32	2		0.33
Total annual fund operating expenses		1.17			1.96			1.38			1.20			0.96

⁴ The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

Example
Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	681	$	293	$	364	$	113	$	84	$	73	$	687	$	299	$	140	$	372	$	98
3 years		905		597		606		353		262		227		925		615		437		631		306
5 years		1,146		1,026		867		612		455		395		1,182		1,057		755		910		531
10 years		1,838		2,222		1,613		1,352		1,014		883		1,914		2,285		1,657		1,705		1,178

The Tax-Exempt Bond Fund of America

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.23	%		0.23	%		0.23	%		0.23	%		0.23	%		0.23	%
Distribution and/or service (12b-1) fees		0.25			1.00			0.25			0.25			none			none
Other expenses		0.06			0.10			0.10	2		0.19			0.17			0.08	2
Total annual fund operating expenses		0.54			1.33			0.58			0.67			0.40			0.31
Example
Share class:	A			C			T			F-1			F-2			F-3
1 year	$	428		$	235		$	308		$	68		$	41		$	32
3 years		542			421			431			214			128			100
5 years		665			729			566			373			224			174
10 years		1,027			1,601			958			835			505			393

The Tax-Exempt Fund of California

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.30	%		0.30	%		0.30	%		0.30	%		0.30	%		0.30	%
Distribution and/or service (12b-1) fees		0.25			1.00			0.25			0.25			none			none
Other expenses		0.05			0.09			0.09	2		0.18			0.18			0.07	2
Total annual fund operating expenses		0.60			1.39			0.64			0.73			0.48			0.37
Example
Share class:	A			C			T			F-1			F-2			F-3
1 year	$	434		$	242		$	314		$	75		$	49		$	38
3 years		560			440			450			233			154			119
5 years		697			761			598			406			269			208
10 years		1,097			1,669			1,028			906			604			468

Summary Prospectus Amendment 12

U.S. Government Securities Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.21	%		0.21	%		0.21	%		0.21	%		0.21	%		0.21	%
Distribution and/or service (12b-1) fees		0.25			1.00			0.25			0.25			none			none
Other expenses		0.17			0.21			0.22	2		0.19			0.17			0.06	2
Total annual fund operating expenses		0.63			1.42			0.68			0.65			0.38			0.27
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.21	%		0.21	%		0.21	%		0.21	%		0.21	%
Distribution and/or service (12b-1) fees		0.22			0.98			0.49			0.25			0.00
Other expenses		0.28			0.28			0.24			0.26	2		0.28
Total annual fund operating expenses		0.71			1.47			0.94			0.72			0.49

Example
Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	437	$	245	$	318	$	66	$	39	$	28	$	445	$	250	$	96	$	324	$	50
3 years		569		449		462		208		122		87		594		465		300		480		157
5 years		713		776		619		362		213		152		755		803		520		651		274
10 years		1,132		1,702		1,075		810		480		343		1,224		1,757		1,155		1,144		616

Washington Mutual Investors Fund

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Share class:	A			C			T			F-1			F-2			F-3
Management fees		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%
Distribution and/or service (12b-1) fees		0.23			1.00			0.25			0.25			none			none
Other expenses		0.11			0.14			0.15	2		0.17			0.17			0.06	2
Total annual fund operating expenses		0.58			1.38			0.64			0.66			0.41			0.30
Share class:	529-A			529-C			529-E			529-T			529-F-1
Management fees		0.24	%		0.24	%		0.24	%		0.24	%		0.24	%
Distribution and/or service (12b-1) fees		0.22			0.99			0.49			0.25			0.00
Other expenses		0.20	3		0.22			0.19			0.20	2		0.22
Total annual fund operating expenses		0.66			1.45			0.92			0.69			0.46

Example
Share class:	A		C		T		F-1		F-2		F-3		529-A		529-C		529-E		529-T		529-F-1
1 year	$	631	$	240	$	314	$	67	$	42	$	31	$	639	$	248	$	94	$	320	$	47
3 years		750		437		450		211		132		97		774		459		293		471		148
5 years		880		755		598		368		230		169		922		792		509		634		258
10 years		1,259		1,657		1,028		822		518		381		1,350		1,735		1,131		1,109		579

7. The “Investment results” section of the summary prospectus for each of the funds listed below is amended by replacing the “Calendar year total returns for Class A shares” bar chart and the “Average annual total returns” table with the updated chart and table set forth under such fund’s name below.

AMCAP Fund

 

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):

Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	5/1/1967		2.78	%		12.94	%		6.97	%		11.24	%
– After taxes on distributions			1.85			11.38			6.03			N/A
– After taxes on distributions and sale of fund shares			2.30			10.23			5.55			N/A

13 Summary Prospectus Amendment

Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		7.14	%		13.38	%		6.74	%		6.27	%
F-1	3/16/2001		8.99			14.26			7.59			6.93
F-2	8/1/2008		9.28			14.55			N/A			10.49
529-A	2/15/2002		2.66			12.85			6.89			6.96
529-C	2/19/2002		7.14			13.31			6.68			6.65
529-E	3/7/2002		8.70			13.93			7.24			6.83
529-F-1	9/17/2002		9.18			14.44			7.75			9.26
R-1	6/26/2002		8.20			13.42			6.78			7.51
R-2	5/21/2002		8.20			13.44			6.76			6.73
R-2E	8/29/2014		8.58			N/A			N/A			4.25
R-3	6/4/2002		8.67			13.93			7.26			7.45
R-4	5/20/2002		9.01			14.28			7.59			7.47
R-5E	11/20/2015		9.15			N/A			N/A			6.21
R-5	5/15/2002		9.33			14.62			7.91			7.77
R-6	5/1/2009		9.37			14.67			N/A			15.15

										Lifetime
										(from Class A
Indexes	1 year			5 years			10 years			inception)
S&P 500 Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		11.96	%		14.66	%		6.95	%		9.87	%
Lipper Growth Funds Index (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		7.66			13.90			6.22			8.84
Consumer Price Index		2.07			1.36			1.81			4.08

American Funds Corporate Bond Fund

 

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):

Share class	Inception date	1 year			Lifetime
A – Before taxes	12/14/2012		2.98	%		2.57	%
– After taxes on distributions			1.47			1.15
– After taxes on distributions and sale of fund shares			1.74			1.31
					Lifetime
					(from Class A
Indexes		1 year			inception)
Bloomberg Barclays U.S. Corporate Investment Grade Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			6.11	%		2.76	%
Lipper Corporate Debt Funds BBB-Rated Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			5.91			2.40
Lipper Corporate Debt Funds A-Rated Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			4.48			2.09
Class A annualized 30-day yield at November 30, 2016: 2.16% (For current yield information, please call American FundsLine® at (800) 325-3590.)

Summary Prospectus Amendment 14

American Funds Global Balanced Fund

 

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):

Share class	Inception date	1 year			5 years			Lifetime
A – Before taxes	2/1/2011		0.32	%		5.82	%		4.55	%
– After taxes on distributions			–0.16			5.16			3.98
– After taxes on distributions and sale of fund shares			0.56			4.58			3.60
Share classes (before taxes)	Inception date	1 year			5 years			Lifetime
C	2/1/2011		4.58	%		6.22	%		4.77	%
F-1	2/1/2011		6.37			7.03			5.57
F-2	2/1/2011		6.66			7.31			5.84
529-A	2/1/2011		0.22			5.74			4.48
529-C	2/1/2011		4.49			6.14			4.69
529-E	2/1/2011		6.10			6.73			5.27
529-F-1	2/1/2011		6.55			7.21			5.74
R-1	2/1/2011		5.66			6.43			4.95
R-2	2/1/2011		5.59			6.26			4.82
R-2E	8/29/2014		5.96			N/A			–0.18
R-3	2/1/2011		6.07			6.74			5.28
R-4	2/1/2011		6.37			7.07			5.60
R-5E	11/20/2015		6.52			N/A			3.97
R-5	2/1/2011		6.68			7.36			5.89
R-6	2/1/2011		6.73			7.41			5.94

							Lifetime
							(from Class A
Indexes	1 year			5 years			inception)
MSCI All Country World Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		7.86	%		9.36	%		5.91	%
Bloomberg Barclays Global Aggregate Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		2.09			0.21			1.04
60%/40% MSCI ACWI/Bloomberg Barclays Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		5.69			5.76			4.12
Lipper Flexible Portfolio Funds Index (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		7.16			7.37			5.49
Class A annualized 30-day yield at October 31, 2016: 1.79% (For current yield information, please call American FundsLine® at (800) 325-3590.)

American Funds Mortgage Fund

 

15 Summary Prospectus Amendment

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):

Share class	Inception date	1 year			5 years			Lifetime
A – Before taxes	11/1/2010		–1.84	%		1.12	%		1.67	%
– After taxes on distributions			–2.79			0.33			0.83
– After taxes on distributions and sale of fund shares			–0.97			0.54			0.95
Share classes (before taxes)	Inception date	1 year			5 years			Lifetime
C	11/1/2010		0.05	%		1.05	%		1.48	%
F-1	11/1/2010		1.94			1.87			2.27
F-2	11/1/2010		2.21			2.14			2.53
529-A	11/1/2010		–2.03			1.02			1.57
529-C	11/1/2010		0.00			0.98			1.41
529-E	11/1/2010		1.53			1.52			1.93
529-F-1	11/1/2010		2.09			2.01			2.41
R-1	11/1/2010		1.05			1.57			1.91
R-2	11/1/2010		1.18			1.12			1.57
R-2E	8/29/2014		1.87			N/A			2.01
R-3	11/1/2010		1.60			1.62			2.03
R-4	11/1/2010		1.95			1.94			2.34
R-5E	11/20/2015		1.99			N/A			1.78
R-5	11/1/2010		2.24			2.18			2.57
R-6	11/1/2010		2.32			2.24			2.63

							Lifetime
							(from Class A
Indexes	1 year			5 years			inception)
Bloomberg Barclays U.S. Mortgage Backed Securities Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		1.67	%		2.06	%		2.54	%
Lipper Intermediate U.S. Government Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		0.99			1.05			1.58
Lipper GNMA Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		1.05			1.31			1.99
Class A annualized 30-day yield at August 31, 2016: 1.77% (For current yield information, please call American FundsLine® at (800) 325-3590.)

American Funds Short-Term Tax-Exempt Bond Fund

 

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):

Share class	Inception date	1 year			5 years			10 years
A – Before taxes	10/24/1989		–2.53	%		0.18	%		1.05	%
– After taxes on distributions			–2.53			0.18			1.05
– After taxes on distributions and sale of fund shares			–0.98			0.40			1.11

Share classes (before taxes)

Inception date

1 year

5 years

10 years

Lifetime

F-1

8/27/09

–0.26

%

0.45

%

N/A

0.98

%

F-2

8/12/09

0.00

0.71

N/A

1.23

Indexes	1 year			5 years			10 years
Bloomberg Barclays Municipal Short 1–5 Years Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		0.07	%		1.09	%		2.64	%
Lipper Short Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		–0.11			0.62			1.56
Class A annualized 30-day yield at January 31, 2017: 1.16% (For current yield information, please call American FundsLine® at (800) 325-3590.)

Summary Prospectus Amendment 16

American Funds Tax-Exempt Fund of New York

 

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):

Share class	Inception date	1 year			5 years			Lifetime
A – Before taxes	11/1/2010		–3.75	%		2.41	%		3.10	%
– After taxes on distributions			–3.75			2.41			3.10
– After taxes on distributions and sale of fund shares			–1.08			2.51			3.05

Share classes (before taxes)	Inception date	1 year			5 years			Lifetime
C	11/1/2010		–1.76	%		2.33	%		2.87	%
F-1	11/1/2010		0.05			3.14			3.66
F-2	11/1/2010		0.14			3.29			3.83

							Lifetime
							(from Class A
Indexes	1 year			5 years			inception)
Bloomberg Barclays New York Municipal Funds Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		0.39	%		3.22	%		3.56	%
Lipper New York Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		0.47			3.18			3.29
Class A annualized 30-day yield at January 31, 2017: 2.13% (For current yield information, please call American FundsLine® at (800) 325-3590.)

American Funds U.S. Government Money Market Fund

17 Summary Prospectus Amendment

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):

Share classes (before taxes)	Inception date	1 year			5 years			Lifetime
A	5/1/2009		0.02	%		0.00	%		0.00	%
C	5/1/2009		–1.00			0.00			0.00
F-1	5/1/2009		0.00			0.00			0.00
F-2	5/1/2009		0.00			0.00			0.00
529-A	5/1/2009		0.00			0.00			0.00
529-C	5/1/2009		–1.00			0.00			0.00
529-E	5/1/2009		0.00			0.00			0.00
529-F-1	5/1/2009		0.00			0.00			0.00
R-1	5/1/2009		0.00			0.00			0.00
R-2	5/1/2009		0.00			0.00			0.00
R-2E	8/29/2014		0.00			N/A			0.00
R-3	5/1/2009		0.00			0.00			0.00
R-4	5/1/2009		0.00			0.00			0.00
R-5E	11/20/2015		0.00			N/A			0.00
R-5	5/1/2009		0.00			0.00			0.00
R-6	5/1/2009		0.02			0.00			0.00

							Lifetime
							(from Class A
Indexes	1 year			5 years			inception)
USTREAS T-Bill Auction Ave 3 Mon (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		0.34	%		0.11	%		0.11	%
Lipper U.S. Government Money Market Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		0.03			0.02			0.02
For current 7-day yield information, please call American FundsLine® at (800) 325-3590.

American High-Income Municipal Bond Fund

 

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):

Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	9/26/1994		–2.27	%		5.11	%		3.86	%		5.31	%
– After taxes on distributions			–2.27			5.11			3.86			N/A
– After taxes on distributions and sale of fund shares			0.33			4.95			3.94			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		–0.19	%		5.11	%		3.45	%		4.24	%
F-1	3/19/2001		1.48			5.83			4.18			4.70
F-2	8/12/2008		1.74			6.11			N/A			5.63

										Lifetime
	1 year			5 years			10 years			(from Class A
Indexes										inception)
Bloomberg Barclays Municipal Bond Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		0.25	%		3.28	%		4.25	%		5.37	%
Bloomberg Barclays High Yield Municipal Bond Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		2.99			5.91			4.04			N/A
Lipper High Yield Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		0.82			5.24			3.35			4.98
Class A annualized 30-day yield at January 31, 2017: 3.38% (For current yield information, please call American FundsLine® at (800) 325-3590.)

Summary Prospectus Amendment 18

American High-Income Trust

 

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):

Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	2/19/1988		12.00	%		4.89	%		4.99	%		7.78	%
– After taxes on distributions			9.26			2.21			2.16			N/A
– After taxes on distributions and sale of fund shares			6.73			2.57			2.62			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		14.40	%		4.86	%		4.55	%		6.03	%
F-1	3/15/2001		16.28			5.66			5.35			6.53
F-2	8/4/2008		16.59			5.94			N/A			6.84
529-A	2/19/2002		11.92			4.79			4.91			6.69
529-C	2/19/2002		14.35			4.80			4.49			6.11
529-E	3/15/2002		16.00			5.38			5.05			6.53
529-F-1	9/16/2002		16.49			5.84			5.53			8.05
R-1	7/11/2002		15.42			4.87			4.53			7.02
R-2	6/18/2002		15.42			4.85			4.54			6.52
R-2E	8/29/2014		15.81			N/A			N/A			1.31
R-3	6/21/2002		15.95			5.35			5.02			7.10
R-4	7/19/2002		16.32			5.68			5.35			7.87
R-5E	11/20/2015		16.46			N/A			N/A			11.82
R-5	5/15/2002		16.66			5.99			5.67			7.31
R-6	5/1/2009		16.73			6.05			N/A			10.16

										Lifetime
										(from Class A
Indexes	1 year			5 years			10 years			inception)
Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		17.13	%		7.36	%		7.55	%		N/A
Lipper High Yield Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		13.27			6.18			5.93			7.11	%
Class A annualized 30-day yield at September 30, 2016: 5.20% (For current yield information, please call American FundsLine® at (800) 325-3590.)

American Mutual Fund

 

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):

Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	2/21/1950		7.58	%		11.08	%		6.08	%		11.49	%
– After taxes on distributions			6.38			9.93			5.23			N/A
– After taxes on distributions and sale of fund shares			5.26			8.73			4.81			N/A

19 Summary Prospectus Amendment

Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		12.28	%		11.52	%		5.84	%		6.61	%
F-1	3/15/2001		14.07			12.33			6.65			7.13
F-2	8/5/2008		14.38			12.62			N/A			8.93
529-A	2/19/2002		7.51			10.97			5.98			6.87
529-C	2/20/2002		12.22			11.43			5.77			6.36
529-E	3/7/2002		13.83			12.03			6.32			6.52
529-F-1	9/17/2002		14.33			12.55			6.84			8.62
R-1	6/11/2002		13.25			11.49			5.83			6.54
R-2	5/31/2002		13.27			11.51			5.81			6.27
R-2E	8/29/2014		13.61			N/A			N/A			6.08
R-3	6/6/2002		13.77			12.01			6.32			6.98
R-4	6/27/2002		14.11			12.35			6.64			7.54
R-5E	11/20/2015		14.25			N/A			N/A			10.32
R-5	5/15/2002		14.44			12.69			6.96			7.31
R-6	5/1/2009		14.52			12.75			N/A			14.01
											Lifetime
											(from Class A
Indexes		1 year			5 years			10 years			inception)
S&P 500 Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			11.96	%		14.66	%		6.95	%		11.21	%
Lipper Growth and Income Funds Index (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			10.47			11.60			5.02			N/A
Lipper Large-Cap Core Funds Index (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			12.28			13.55			6.24			N/A
Lipper Large-Cap Value Funds Index (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			16.37			13.95			5.53			N/A
Class A annualized 30-day yield at October 31, 2016: 2.14% (For current yield information, please call American FundsLine® at (800) 325-3590.)

Capital Income Builder

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	7/30/1987		0.75	%		6.02	%		3.41	%		8.96	%
– After taxes on distributions			–0.16			5.03			2.39			N/A
– After taxes on distributions and sale of fund shares			1.03			4.61			2.56			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		5.08	%		6.43	%		3.19	%		6.31	%
F-1	3/15/2001		6.84			7.23			3.98			6.82
F-2	8/1/2008		7.13			7.50			N/A			5.08
529-A	2/19/2002		0.68			5.93			3.33			6.51
529-C	2/20/2002		5.02			6.36			3.12			6.07
529-E	3/1/2002		6.58			6.94			3.67			6.52
529-F-1	9/17/2002		7.06			7.43			4.16			7.42
R-1	6/11/2002		6.07			6.44			3.19			5.81
R-2	5/31/2002		6.09			6.46			3.18			5.70
R-2E	8/29/2014		6.41			N/A			N/A			0.79
R-3	6/4/2002		6.55			6.91			3.65			6.22
R-4	5/20/2002		6.87			7.25			3.97			6.53
R-5E	11/20/2015		7.00			N/A			N/A			4.57
R-5	5/15/2002		7.20			7.56			4.28			6.85
R-6	5/1/2009		7.23			7.61			N/A			9.61

Summary Prospectus Amendment 20

										Lifetime
										(from Class A
Indexes	1 year			5 years			10 years			inception)
MSCI All Country World Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		7.86	%		9.36	%		3.56	%		N/A
Bloomberg Barclays U.S. Aggregate Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		2.65			2.23			4.34			6.47	%
70%/30% MSCI ACWI/Bloomberg Barclays Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		6.42			7.33			4.12			N/A
Lipper Global Equity Income Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		7.28			7.54			2.58			N/A
Class A annualized 30-day yield at October 31, 2016: 3.14% (For current yield information, please call American FundsLine® at (800) 325-3590.)

EuroPacific Growth Fund

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	4/16/1984		–5.13	%		5.58	%		2.02	%		10.26	%
– After taxes on distributions			–5.32			5.33			1.71			N/A
– After taxes on distributions and sale of fund shares			–2.59			4.51			1.83			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		–1.10	%		6.02	%		1.82	%		5.39	%
F-1	3/15/2001		0.65			6.82			2.60			5.92
F-2	8/1/2008		0.91			7.11			N/A			3.10
529-A	2/15/2002		–5.16			5.53			1.97			6.46
529-C	2/15/2002		–1.16			5.95			1.76			6.02
529-E	3/7/2002		0.39			6.52			2.29			6.23
529-F-1	9/16/2002		0.83			7.01			2.78			8.38
R-1	6/17/2002		–0.09			6.03			1.83			6.20
R-2	5/31/2002		–0.07			6.06			1.83			5.88
R-2E	8/29/2014		0.29			N/A			N/A			–2.41
R-3	5/21/2002		0.39			6.54			2.32			6.29
R-4	6/7/2002		0.69			6.85			2.61			6.84
R-5E	11/20/2015		0.82			N/A			N/A			–1.89
R-5	5/15/2002		1.00			7.17			2.92			6.94
R-6	5/1/2009		1.01			7.22			N/A			8.26
											Lifetime
											(from Class A
Indexes		1 year			5 years			10 years			inception)
MSCI All Country World ex USA Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			4.50	%		5.00	%		0.96	%		N/A
MSCI EAFE Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			1.00			6.53			0.75			8.07	%
Lipper International Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			0.66			5.84			0.68			8.32

21 Summary Prospectus Amendment

The Growth Fund of America

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	12/1/1973		2.22	%		13.68	%		6.30	%		13.24	%
– After taxes on distributions			0.73			12.03			5.37			N/A
– After taxes on distributions and sale of fund shares			2.51			10.85			5.01			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		6.60	%		14.12	%		6.10	%		6.32	%
F-1	3/15/2001		8.38			14.99			6.93			6.86
F-2	8/1/2008		8.69			15.31			N/A			8.66
529-A	2/15/2002		2.13			13.59			6.24			7.22
529-C	2/15/2002		6.55			14.05			6.03			6.77
529-E	3/1/2002		8.12			14.66			6.59			7.25
529-F-1	9/16/2002		8.62			15.19			7.10			9.71
R-1	6/6/2002		7.61			14.16			6.13			7.56
R-2	5/21/2002		7.64			14.22			6.17			7.21
R-2E	8/29/2014		7.99			N/A			N/A			5.82
R-3	5/21/2002		8.11			14.69			6.62			7.68
R-4	5/28/2002		8.44			15.02			6.93			8.04
R-5E	11/20/2015		8.56			N/A			N/A			6.06
R-5	5/15/2002		8.75			15.37			7.25			8.22
R-6	5/1/2009		8.82			15.42			N/A			14.40
											Lifetime
											(from Class A
Index		1 year			5 years			10 years			inception)
S&P 500 Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			11.96	%		14.66	%		6.95	%		10.86	%

The Income Fund of America

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	12/1/1973		4.24	%		8.07	%		4.82	%		10.87	%
– After taxes on distributions			3.33			7.04			3.72			N/A
– After taxes on distributions and sale of fund shares			2.87			6.18			3.59			N/A

Summary Prospectus Amendment 22

Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		8.67	%		8.47	%		4.59	%		6.57	%
F-1	3/15/2001		10.51			9.27			5.38			7.09
F-2	8/1/2008		10.78			9.54			N/A			7.61
529-A	2/15/2002		4.15			7.95			4.73			6.82
529-C	2/19/2002		8.65			8.40			4.52			6.45
529-E	2/25/2002		10.28			8.98			5.07			6.93
529-F-1	9/17/2002		10.76			9.49			5.58			8.27
R-1	6/17/2002		9.69			8.46			4.59			6.49
R-2	5/31/2002		9.70			8.47			4.56			6.26
R-2E	8/29/2014		10.06			N/A			N/A			3.45
R-3	6/4/2002		10.16			8.94			5.05			6.84
R-4	6/27/2002		10.52			9.27			5.37			7.50
R-5E	11/20/2015		10.64			N/A			N/A			8.31
R-5	5/15/2002		10.89			9.60			5.69			7.36
R-6	5/1/2009		10.89			9.64			N/A			12.16
											Lifetime
											(from Class A
Indexes		1 year			5 years			10 years			inception)
S&P 500 Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			11.96	%		14.66	%		6.95	%		10.86	%
Bloomberg Barclays U.S. Aggregate Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			2.65			2.23			4.34			N/A
65%/35% S&P 500 Index/Bloomberg Barclays U.S. Aggregate Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			8.77			10.31			6.33			N/A
Lipper Income Funds Index (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			6.86			5.93			4.34			N/A
Class A annualized 30–day yield at January 31, 2017: 2.91% (For current yield information, please call American FundsLine® at (800) 325-3590.)

Intermediate Bond Fund of America

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	2/19/1988		–1.37	%		0.58	%		2.10	%		4.64	%
– After taxes on distributions			–2.09			–0.04			1.21			N/A
– After taxes on distributions and sale of fund shares			–0.73			0.19			1.28			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		–0.64	%		0.30	%		1.56	%		2.32	%
F-1	3/19/2001		1.07			1.04			2.32			2.81
F-2	8/8/2008		1.36			1.32			N/A			2.57
529-A	2/19/2002		–1.45			0.49			2.02			2.43
529-C	2/19/2002		–0.68			0.24			1.50			1.81
529-E	3/15/2002		0.85			0.78			2.03			2.41
529-F-1	9/16/2002		1.28			1.23			2.51			2.56
R-1	6/13/2002		0.38			0.32			1.56			1.81
R-2	5/31/2002		0.30			0.30			1.56			1.84
R-2E	8/29/2014		0.64			N/A			N/A			0.68
R-3	6/26/2002		0.81			0.76			2.01			2.22
R-4	6/27/2002		1.12			1.08			2.34			2.57
R-5E	11/20/2015		1.25			N/A			N/A			1.06
R-5	5/15/2002		1.42			1.38			2.64			2.97
R-6	5/1/2009		1.47			1.43			N/A			2.74

23 Summary Prospectus Amendment

										Lifetime
										(from Class A
Indexes	1 year			5 years			10 years			inception)
Bloomberg Barclays U.S. Government/Credit 1–7 Years ex BBB Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		1.37	%		1.34	%		3.26	%		5.41	%
Lipper Short-Intermediate Investment Grade Debt Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		2.43			1.84			3.24			5.37
Lipper Short-Intermediate U.S. Government Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		0.58			0.51			2.66			4.96
Class A annualized 30-day yield at August 31, 2016: 1.02% (For current yield information, please call American FundsLine® at (800) 325-3590.)

International Growth and Income Fund

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			Lifetime
A – Before taxes	10/1/2008		–3.72	%		3.71	%		5.02	%
– After taxes on distributions			–4.05			2.95			4.37
– After taxes on distributions and sale of fund shares			–1.47			3.18			4.30
Share classes (before taxes)	Inception date	1 year			5 years			Lifetime
C	10/1/2008		0.35	%		4.12	%		4.93	%
F-1	10/1/2008		2.10			4.91			5.74
F-2	10/1/2008		2.43			5.19			6.01
529-A	10/1/2008		–3.75			3.65			4.94
529-C	10/1/2008		0.31			4.04			4.86
529-E	10/1/2008		1.91			4.63			5.43
529-F-1	10/1/2008		2.30			5.09			5.92
R-1	10/1/2008		1.45			4.43			5.17
R-2	10/1/2008		1.33			4.09			4.92
R-2E	8/29/2014		1.70			N/A			–6.21
R-3	10/1/2008		1.84			4.60			5.41
R-4	10/1/2008		2.15			4.95			5.76
R-5E	11/20/2015		2.28			N/A			–0.86
R-5	10/1/2008		2.47			5.25			6.06
R-6	5/1/2009		2.54			5.30			7.66
								Lifetime
								(from Class A
Indexes		1 year			5 years			inception)
MSCI All Country World ex USA Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			4.50	%		5.00	%		3.57	%
Lipper International Funds Index (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			1.70			6.87			4.30
Class A annualized 30-day yield at December 31, 2016: 2.21% (For current yield information, please call American FundsLine® at (800) 325-3590.)

Summary Prospectus Amendment 24

Limited Term Tax-Exempt Bond Fund of America

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	10/6/1993		–2.75	%		1.11	%		2.76	%		3.83	%
– After taxes on distributions			–2.75			1.11			2.76			N/A
– After taxes on distributions and sale of fund shares			–0.69			1.41			2.78			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		–1.95	%		0.87	%		2.25	%		2.81	%
F-1	3/15/2001		–0.31			1.54			2.97			3.27
F-2	8/18/2008		–0.05			1.80			N/A			3.21
											Lifetime
											(from Class A
Indexes		1 year			5 years			10 years			inception)
Bloomberg Barclays Municipal Short-Intermediate 1-10 Years Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			–0.15	%		1.79	%		3.48	%		4.18	%
Lipper Short-Intermediate Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			–0.21			1.25			2.52			3.44
Class A annualized 30-day yield at January 31, 2017: 1.43% (For current yield information, please call American FundsLine® at (800) 325-3590.)

New Perspective Fund

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	3/13/1973		–4.00	%		9.83	%		5.14	%		11.83	%
– After taxes on distributions			–4.78			8.78			4.38			N/A
– After taxes on distributions and sale of fund shares			–1.49			7.86			4.20			N/A

25 Summary Prospectus Amendment

Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		0.09	%		10.26	%		4.93	%		6.61	%
F-1	3/15/2001		1.81			11.09			5.73			7.14
F-2	8/1/2008		2.10			11.40			N/A			6.96
529-A	2/15/2002		–4.06			9.75			5.06			7.53
529-C	2/15/2002		0.03			10.19			4.86			7.09
529-E	3/1/2002		1.56			10.78			5.41			7.53
529-F-1	9/17/2002		2.02			11.30			5.91			9.82
R-1	6/17/2002		1.04			10.28			4.94			7.48
R-2	5/21/2002		1.05			10.30			4.93			7.02
R-2E	8/29/2014		1.40			N/A			N/A			2.51
R-3	6/4/2002		1.50			10.78			5.41			7.74
R-4	5/28/2002		1.83			11.12			5.74			7.89
R-5E	11/20/2015		1.89			N/A			N/A			–0.26
R-5	5/15/2002		2.14			11.46			6.06			8.18
R-6	5/1/2009		2.19			11.51			N/A			12.32
											Lifetime
											(from Class A
Indexes		1 year			5 years			10 years			inception)
MSCI® All Country World Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			7.86	%		9.36	%		3.56	%		N/A
S&P 500 Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			11.96			14.66			6.95			10.29	%
Lipper Global Funds Index (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			7.64			10.00			3.73			N/A

New World Fund

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	6/17/1999		–2.11	%		3.15	%		2.47	%		6.78	%
– After taxes on distributions			–2.25			2.77			2.15			N/A
– After taxes on distributions and sale of fund shares			–0.94			2.58			2.16			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		2.06	%		3.54	%		2.27	%		7.84	%
F-1	3/16/2001		3.93			4.41			3.11			8.43
F-2	8/1/2008		4.20			4.68			N/A			1.94
529-A	2/19/2002		–2.17			3.08			2.43			8.40
529-C	2/25/2002		2.01			3.49			2.20			7.96
529-E	3/22/2002		3.60			4.07			2.76			8.11
529-F-1	9/17/2002		4.04			4.52			3.24			10.02
R-1	6/11/2002		3.09			3.59			2.28			7.80
R-2	6/7/2002		3.15			3.61			2.28			7.83
R-2E	8/29/2014		3.51			N/A			N/A			–4.51
R-3	6/6/2002		3.60			4.09			2.77			8.32
R-4	10/7/2002		3.94			4.43			3.12			10.48
R-5E	11/20/2015		4.02			N/A			N/A			0.90
R-5	5/15/2002		4.27			4.75			3.42			8.75
R-6	5/1/2009		4.31			4.80			N/A			8.02

Summary Prospectus Amendment 26

										Lifetime
										(from Class A
Indexes	1 year			5 years			10 years			inception)
MSCI® All Country World Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		7.86	%		9.36	%		3.56	%		3.95	%
MSCI Emerging Markets Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		11.19			1.28			1.84			6.73

Short-Term Bond Fund of America

 

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	10/2/2006		–1.47	%		–0.05	%		1.24	%		1.31	%
– After taxes on distributions			–1.86			–0.36			0.66			N/A
– After taxes on distributions and sale of fund shares			–0.83			–0.17			0.74			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	11/6/2006		–0.91	%		–0.40	%		0.66	%		0.71	%
F-1	11/1/2006		0.80			0.32			1.39			1.41
F-2	8/19/2008		1.17			0.62			N/A			1.25
529-A	11/3/2006		–1.55			–0.10			1.17			1.22
529-C	11/3/2006		–1.03			–0.47			0.58			0.62
529-E	12/1/2006		0.55			0.06			1.10			1.10
529-F-1	11/16/2006		1.01			0.52			1.59			1.62
R-1	12/26/2006		–0.03			–0.42			0.64			0.63
R-2	12/8/2006		0.11			–0.40			0.64			0.65
R-2E	8/29/2014		0.48			N/A			N/A			0.34
R-3	11/22/2006		0.52			0.03			1.07			1.08
R-4	1/3/2007		0.93			0.36			1.41			1.40
R-5E	11/20/2015		0.94			N/A			N/A			0.73
R-5	1/4/2007		1.12			0.66			N/A			1.69
R-6	5/7/2009		1.18			0.69			N/A			0.93
											Lifetime
											(from Class A
Indexes		1 year			5 years			10 years			inception)
Bloomberg Barclays U.S. Government/Credit 1-3 Years ex BBB Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			1.05	%		0.80	%		2.32	%		2.36	%
Lipper Short U.S. Government Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			0.60			0.32			1.68			1.89
Class A annualized 30-day yield at August 31, 2016: 0.87% (For current yield information, please call American FundsLine® at (800) 325-3590.)

27 Summary Prospectus Amendment

SMALLCAP World Fund

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	4/30/1990		–0.32	%		10.42	%		4.80	%		9.06	%
– After taxes on distributions			–0.37			9.31			4.08			N/A
– After taxes on distributions and sale of fund shares			–0.08			8.25			3.86			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		3.88	%		10.85	%		4.60	%		7.31	%
F-1	3/15/2001		5.75			11.74			5.44			7.85
F-2	8/1/2008		6.02			12.05			N/A			7.24
529-A	2/19/2002		–0.39			10.35			4.75			8.40
529-C	2/20/2002		3.85			10.78			4.53			7.89
529-E	3/15/2002		5.46			11.40			5.09			8.06
529-F-1	9/17/2002		5.89			11.90			5.58			10.69
R-1	6/19/2002		4.97			10.91			4.64			8.28
R-2	5/31/2002		4.99			10.92			4.60			7.89
R-2E	8/29/2014		5.34			N/A			N/A			2.64
R-3	6/20/2002		5.46			11.41			5.10			8.81
R-4	7/24/2002		5.77			11.78			5.46			10.35
R-5E	11/20/2015		5.90			N/A			N/A			4.09
R-5	5/15/2002		6.11			12.11			5.78			8.82
R-6	5/1/2009		6.17			12.17			N/A			13.98
Indexes		1 year			5 years			10 years			Lifetime (from Class A inception)
MSCI All Country World Small Cap Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			11.59	%		11.29	%		5.66	%		N/A
Lipper Global Small-/Mid-Cap Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			11.61			10.83			4.62			8.87	%
Consumer Price Index			2.07			1.36			1.81			2.38

Summary Prospectus Amendment 28

The Tax-Exempt Bond Fund of America

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	10/3/1979		–3.41	%		2.96	%		3.55	%		6.38	%
– After taxes on distributions			–3.41			2.96			3.55			N/A
– After taxes on distributions and sale of fund shares			–0.63			3.06			3.58			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		–1.41	%		2.94	%		3.13	%		3.77	%
F-1	3/15/2001		0.20			3.62			3.83			4.23
F-2	8/1/2008		0.48			3.89			N/A			4.65
											Lifetime
											(from Class A
Indexes		1 year			5 years			10 years			inception)
Bloomberg Barclays Municipal Bond Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			0.25	%		3.28	%		4.25	%		N/A
Lipper General & Insured Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			0.04			3.48			3.58			6.24	%
Class A annualized 30-day yield at January 31, 2017: 2.22% (For current yield information, please call American FundsLine® at (800) 325-3590.)

The Tax-Exempt Fund of California

 

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	10/28/1986		–3.86	%		3.41	%		3.75	%		5.40	%
– After taxes on distributions			–3.86			3.41			3.75			N/A
– After taxes on distributions and sale of fund shares			–0.91			3.45			3.75			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/19/2001		–1.89	%		3.38	%		3.33	%		3.83	%
F-1	3/20/2001		–0.26			4.07			4.04			4.31
F-2	8/22/2008		–0.01			4.33			N/A			5.08

29 Summary Prospectus Amendment

										Lifetime
										(from Class A
Indexes	1 year			5 years			10 years			inception)
Bloomberg Barclays California Municipal Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)		–0.14	%		3.85	%		4.44	%		N/A
Lipper California Municipal Debt Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)		–0.05			4.23			3.90			5.53	%
Class A annualized 30-day yield at January 31, 2017: 2.20% (For current yield information, please call American FundsLine® at (800) 325-3590.)

U.S. Government Securities Fund

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	10/17/1985		–3.03	%		0.41	%		3.16	%		5.55	%
– After taxes on distributions			–3.91			–0.39			2.05			N/A
– After taxes on distributions and sale of fund shares			–1.61			0.05			2.10			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		–1.02	%		0.39	%		2.75	%		3.18	%
F-1	3/15/2001		0.74			1.18			3.56			3.69
F-2	8/7/2008		1.00			1.43			N/A			3.54
529-A	2/20/2002		–3.09			0.33			3.08			3.26
529-C	2/19/2002		–1.11			0.32			2.68			2.69
529-E	3/7/2002		0.45			0.86			3.21			3.31
529-F-1	10/11/2002		0.91			1.32			3.71			3.41
R-1	6/13/2002		–0.02			0.41			2.74			2.74
R-2	5/31/2002		0.00			0.41			2.77			2.79
R-2E	8/29/2014		0.36			N/A			N/A			1.09
R-3	6/6/2002		0.45			0.86			3.21			3.22
R-4	5/28/2002		0.77			1.19			3.55			3.59
R-5E	11/20/2015		0.96			N/A			N/A			0.82
R-5	5/15/2002		1.06			1.49			3.86			3.94
R-6	5/1/2009		1.11			1.54			N/A			3.06
											Lifetime
											(from Class A
Indexes		1 year			5 years			10 years			inception)
Bloomberg Barclays U.S. Government/Mortgage-Backed Securities Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			1.31	%		1.57	%		4.04	%		6.55	%
Lipper General U.S. Government Funds Average (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			2.07			1.36			1.81			2.59
Consumer Price Index			0.64			0.95			3.35			5.55
Class A annualized 30-day yield at August 31, 2016: 1.08% (For current yield information, please call American FundsLine® at (800) 325-3590.)

Summary Prospectus Amendment 30

Washington Mutual Investors Fund

Average annual total returns For the periods ended December 31, 2016 (with maximum sales charge):
Share class	Inception date	1 year			5 years			10 years			Lifetime
A – Before taxes	7/31/1952		6.87	%		11.99	%		5.87	%		11.71	%
– After taxes on distributions			5.32			10.68			4.92			N/A
– After taxes on distributions and sale of fund shares			5.14			9.46			4.62			N/A
Share classes (before taxes)	Inception date	1 year			5 years			10 years			Lifetime
C	3/15/2001		11.47	%		12.42	%		5.65	%		6.12	%
F-1	3/15/2001		13.31			13.24			6.45			6.65
F-2	8/5/2008		13.63			13.54			N/A			8.98
529-A	2/15/2002		6.79			11.88			5.78			6.54
529-C	2/15/2002		11.43			12.34			5.58			6.10
529-E	3/1/2002		13.03			12.94			6.12			6.44
529-F-1	9/16/2002		13.56			13.47			6.64			8.44
R-1	5/29/2002		12.51			12.42			5.66			6.07
R-2	5/31/2002		12.53			12.46			5.66			6.10
R-2E	8/29/2014		12.86			N/A			N/A			6.27
R-3	6/4/2002		13.01			12.92			6.13			6.75
R-4	5/20/2002		13.35			13.27			6.45			6.81
R-5E	11/20/2015		13.50			N/A			N/A			10.12
R-5	5/15/2002		13.69			13.61			6.77			7.11
R-6	5/1/2009		13.74			13.66			N/A			15.07
											Lifetime
											(from Class A
Indexes		1 year			5 years			10 years			inception)
S&P 500 Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)			11.96	%		14.66	%		6.95	%		10.69	%
Lipper Growth and Income Funds Index (reflects no deductions for sales charges, account fees or U.S. federal income taxes)			10.47			11.60			5.02			N/A
Class A annualized 30-day yield at October 31, 2016: 1.98% (For current yield information, please call American FundsLine® at (800) 325 3590.)

Lit. No. MFGEBS-211-0417P   Litho in USA   CGD/ALD/10039-S58422