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Summary prospectus
March 1, 2012
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Class Ticker
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A ANCFX
B AFIBX
C AFICX
F-1 AFIFX
F-2 FINFX
529-A CFNAX
529-B CFNBX
529-C CFNCX
529-E CFNEX
529-F-1 CFNFX
R-1 RFNAX
R-2 RFNBX
R-3 RFNCX
R-4 RFNEX
R-5 RFNFX
R-6 RFNGX
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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 March 1, 2012, are incorporated by reference into this summary prospectus.
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Shareholder fees
(fees paid directly from your investment)
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Share classes
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A and
529-A
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B and
529-B
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C and
529-C
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529-E
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F-1, F-2
and
529-F-1
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All R
share
classes
|
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Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
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5.75%
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none
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none
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none
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none
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none
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Maximum deferred sales charge (load) (as a percentage of the amount redeemed)
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1.00*
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5.00%
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1.00%
|
none
|
none
|
none
|
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Maximum sales charge (load) imposed on reinvested dividends
|
none
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none
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none
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none
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none
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none
|
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Redemption or exchange fees
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none
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none
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none
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none
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none
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none
|
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Maximum annual account fee
(529 share classes only)
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$10
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$10
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$10
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$10
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$10
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N/A
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Annual fund operating expenses
(expenses that you pay each year as a percentage of the value of your investment)
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Share classes
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||||||||
A
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B
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C
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F-1
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F-2
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529-A
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529-B
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529-C
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Management fees
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0.25%
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0.25%
|
0.25%
|
0.25%
|
0.25%
|
0.25%
|
0.25%
|
0.25%
|
Distribution and/or service (12b-1) fees
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0.23
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1.00
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1.00
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0.25
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none
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0.21
|
1.00
|
1.00
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Other expenses
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0.15
|
0.15
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0.19
|
0.17
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0.17
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0.25
|
0.26
|
0.26
|
Total annual fund operating expenses
|
0.63
|
1.40
|
1.44
|
0.67
|
0.42
|
0.71
|
1.51
|
1.51
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529-E
|
529-F-1
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R-1
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R-2
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R-3
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R-4
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R-5
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R-6
|
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Management fees
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0.25%
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0.25%
|
0.25%
|
0.25%
|
0.25%
|
0.25%
|
0.25%
|
0.25%
|
Distribution and/or service (12b-1) fees
|
0.50
|
0.00
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1.00
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0.75
|
0.50
|
0.25
|
none
|
none
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Other expenses
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0.23
|
0.25
|
0.18
|
0.41
|
0.21
|
0.16
|
0.11
|
0.06
|
Total annual fund operating expenses
|
0.98
|
0.50
|
1.43
|
1.41
|
0.96
|
0.66
|
0.36
|
0.31
|
*
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A contingent deferred sales charge of 1.00% applies on certain redemptions within one year following purchases of $1 million or more made without an initial sales charge.
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Share classes
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1 year
|
3 years
|
5 years
|
10 years
|
A
|
$636
|
$765
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$906
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$1,316
|
B
|
643
|
843
|
966
|
1,469
|
C
|
247
|
456
|
787
|
1,724
|
F-1
|
68
|
214
|
373
|
835
|
F-2
|
43
|
135
|
235
|
530
|
529-A
|
663
|
828
|
1,006
|
1,512
|
529-B
|
673
|
916
|
1,081
|
1,687
|
529-C
|
273
|
516
|
881
|
1,901
|
529-E
|
120
|
351
|
600
|
1,305
|
529-F-1
|
71
|
200
|
339
|
735
|
R-1
|
146
|
452
|
782
|
1,713
|
R-2
|
144
|
446
|
771
|
1,691
|
R-3
|
98
|
306
|
531
|
1,178
|
R-4
|
67
|
211
|
368
|
822
|
R-5
|
37
|
116
|
202
|
456
|
R-6
|
32
|
100
|
174
|
393
|
Share classes
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1 year
|
3 years
|
5 years
|
10 years
|
B
|
$143
|
$443
|
$766
|
$1,469
|
C
|
147
|
456
|
787
|
1,724
|
529-B
|
173
|
516
|
881
|
1,687
|
529-C
|
173
|
516
|
881
|
1,901
|
Average annual total returns
For the periods ended December 31, 2011 (with maximum sales charge):
|
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Share class
|
Inception date
|
1 year
|
5 years
|
10 years
|
Lifetime
|
A − Before taxes
|
8/1/1978
|
–7.54%
|
–0.75%
|
4.77%
|
11.86%
|
− After taxes on distributions
|
–7.77
|
–1.18
|
4.30
|
N/A
|
|
− After taxes on distributions and sale of fund shares
|
–4.58
|
–0.64
|
4.08
|
N/A
|
Share classes (before taxes)
|
Inception date
|
1 year
|
5 years
|
10 years
|
Lifetime
|
B
|
3/15/2000
|
–7.46%
|
–0.69%
|
4.75%
|
3.50%
|
C
|
3/15/2001
|
–3.64
|
–0.37
|
4.53
|
3.90
|
F–1
|
3/15/2001
|
–1.92
|
0.43
|
5.37
|
4.67
|
F–2
|
8/1/2008
|
–1.67
|
N/A
|
N/A
|
0.74
|
529–A
|
2/15/2002
|
–7.61
|
–0.80
|
N/A
|
5.05
|
529–B
|
2/19/2002
|
–7.57
|
–0.79
|
N/A
|
5.15
|
529–C
|
2/15/2002
|
–3.69
|
–0.43
|
N/A
|
4.82
|
529–E
|
3/7/2002
|
–2.23
|
0.08
|
N/A
|
4.79
|
529–F–1
|
9/23/2002
|
–1.75
|
0.58
|
N/A
|
8.73
|
R–1
|
6/19/2002
|
–2.65
|
–0.37
|
N/A
|
5.29
|
R–2
|
5/21/2002
|
–2.64
|
–0.38
|
N/A
|
4.70
|
R–3
|
6/4/2002
|
–2.22
|
0.10
|
N/A
|
5.49
|
R–4
|
7/25/2002
|
–1.92
|
0.40
|
N/A
|
8.23
|
R–5
|
5/15/2002
|
–1.62
|
0.70
|
N/A
|
5.73
|
R–6
|
5/1/2009
|
–1.57
|
N/A
|
N/A
|
15.21
|
Indexes
|
1 year
|
5 years
|
10 years
|
Lifetime
(from Class A inception)
|
S&P 500 (reflects no deductions for sales charges, account fees, expenses or taxes)
|
2.09%
|
–0.25%
|
2.92%
|
11.04%
|
Lipper Growth & Income Funds Index (reflects no
deductions for sales charges, account fees or taxes)
|
–1.82
|
–1.17
|
3.12
|
10.31
|
MSCI® World Index (reflects no deductions for sales charges, account fees, expenses or taxes)
|
–5.02
|
–1.82
|
4.15
|
9.95
|
Class A annualized 30–day yield at December 31, 2011: 1.69%
(For current yield information, please call American FundsLine® at 800/325-3590.)
|
Portfolio counselor/
Fund title (if applicable)
|
Portfolio counselor
experience in this fund
|
Primary title
with investment adviser
|
Dina N. Perry
President and Trustee
|
19 years
|
Senior Vice President –
Capital World Investors
|
Michael T. Kerr
Senior Vice President
|
13 years
|
Senior Vice President –
Capital World Investors
|
Martin Romo
Senior Vice President
|
5 years
|
Senior Vice President –
Capital World Investors
|
Ronald B. Morrow
Vice President
|
9 years
|
Senior Vice President –
Capital World Investors
|
James E. Drasdo
|
28 years
|
Senior Vice President –
Capital World Investors
|
Brady L. Enright
|
6 years
|
Senior Vice President –
Capital World Investors
|
MFGEIP-910-0312P Litho in USA CGD/UNL/8008
|
Investment Company File No. 811-00032
|
American Funds
|
Capital Research and Management
|
Capital International
|
Capital Guardian
|
Capital Bank and Trust
|
/s/
|
PATRICK F. QUAN
|
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