Definitive Materials Filed by Investment Companies. (497)
31 Ottobre 2013 - 7:01PM
Edgar (US Regulatory)
|
Statement of Additional
Information Supplement
November 1, 2013
|
For
the following funds with statements
of additional information dated December 1, 2012 — October 1, 2013 (each as supplemented to date)
AMCAP Fund
®
American Balanced Fund
®
American Funds College Target Date Series
SM
American Funds Global Balanced Fund
SM
American Funds Inflation Linked Bond Fund
SM
American Funds Portfolio Series
SM
American Funds Short-Term Tax-Exempt Bond Fund
®
American Funds Target Date Retirement Series
®
American Funds Tax-Exempt Fund of New York
®
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 Income 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,
®
Inc.
SMALLCAP World Fund,
®
Inc.
The Tax-Exempt Bond Fund of America
®
The Tax-Exempt Fund of California
®
The Tax-Exempt Fund of Maryland
®
The Tax-Exempt Fund of Virginia
®
Washington Mutual Investors Fund
SM
|
The “Disclosure of portfolio holdings” section of
the statement of additional information is amended in its entirety to read as follows:
The fund’s investment adviser, on behalf of the fund, has adopted
policies and procedures with respect to the disclosure of information about fund portfolio securities. These policies and procedures
have been reviewed by the fund’s board of directors/trustees, and compliance will be periodically assessed by the board in
connection with reporting from the fund’s Chief Compliance Officer.
Under these policies and procedures, the fund’s complete list
of portfolio holdings available for public disclosure, dated as of the end of each calendar quarter, is permitted to be posted
on the American Funds website no earlier than the 10
th
day after such calendar quarter. In practice, the publicly disclosed
portfolio is typically posted on the American Funds website within 30 days after the end of the calendar quarter. The publicly
disclosed portfolio may exclude certain securities when deemed to be in the best interest of the fund as permitted by applicable
regulations. In addition, the fund’s list of top 10 equity portfolio holdings measured by percentage of net assets, dated
as of the end of each calendar month, is permitted to be posted on the American Funds website no earlier than the 10
th
day after such month. Such portfolio holdings information may be disclosed to any person pursuant to an ongoing arrangement to
disclose portfolio holdings information to such person no earlier than one day after the day on which the information is posted
on the American Funds website.
The fund’s custodian, outside counsel, auditor, financial
printers, proxy voting service providers, pricing information vendors, co-litigants (such as in connection with a bankruptcy proceeding
related to a fund holding) and certain other third parties described below, each of which requires portfolio holdings information
for legitimate business and fund oversight purposes, may receive the information earlier. See the “General information”
section in this statement of additional information for further information about the fund’s custodian, outside counsel
and auditor.
The fund’s portfolio holdings, dated as of the end of each
calendar month, are made available to up to 20 key broker-dealer relationships with research departments to help them evaluate
the fund for eligibility on approved lists or in model portfolios. These firms include certain of those listed under the “Other
compensation to dealers” section of this statement of additional information and certain broker-dealer firms that offer trading
platforms for registered investment advisers. Monthly holdings may be provided to these intermediaries no earlier than the 10
th
day after the end of the calendar month. In practice, monthly holdings are provided within 30 days after the end of the calendar
month. Holdings may also be disclosed more frequently to certain statistical and data collection agencies including Morningstar,
Lipper, Inc., Value Line, Vickers Stock Research, Bloomberg, Overlap and Thomson Financial Research.
Affiliated persons of the fund, including officers of the fund and
employees of the investment adviser and its affiliates, who receive portfolio holdings information are subject to restrictions
and limitations on the use and handling of such information pursuant to applicable codes of ethics, including requirements not
to trade in securities based on confidential and proprietary investment information, to maintain the confidentiality of such information,
and to pre-clear securities trades and report securities transactions activity, as applicable. For more information on these restrictions
and limitations, please see the “Code of ethics” section in this statement of additional information and the Code of
Ethics. Third-party service providers of the fund and other entities, as described in this statement of additional information,
receiving such information are subject to confidentiality obligations. When portfolio holdings information is disclosed other than
through the American Funds website to persons not affiliated with the fund, such persons will be bound by agreements (including
confidentiality agreements) fiduciary or other obligations that restrict and limit their use of the information to legitimate business
uses only. Neither the fund, its investment adviser or any of their affiliates receive compensation or other consideration in connection
with the disclosure of information about portfolio securities.
Subject to board policies, the authority to disclose a fund’s
portfolio holdings, and to establish policies with respect to such disclosure, resides with the appropriate investment-related
committees of the fund’s investment adviser. In exercising their authority, the committees determine whether disclosure of
information about the fund’s portfolio securities is appropriate and in the best interest of fund shareholders. The investment
adviser has implemented policies and procedures to address conflicts of interest that may arise from the disclosure of fund holdings.
For example, the investment adviser’s code of ethics specifically requires, among other things, the safeguarding of information
about fund holdings and contains prohibitions designed to prevent the personal use of confidential, proprietary investment information
in a way that would conflict with fund transactions. In addition, the investment adviser believes that its current policy of not
selling portfolio holdings information and not disclosing such information to unaffiliated third parties until such holdings have
been made public on the American Funds website (other than to certain fund service providers and other third parties for legitimate
business and fund oversight purposes) helps reduce potential conflicts of interest between fund shareholders and the investment
adviser and its affiliates.
The fund’s investment adviser and its affiliates provide investment
advice to clients other than the fund that have investment objectives that may be substantially similar to those of the fund. These
clients also may have portfolios consisting of holdings substantially similar to those of the fund and generally have access to
current portfolio holding information for their accounts. These clients do not owe the fund’s investment adviser or the fund
a duty of confidentiality with respect to disclosure of their portfolio holdings.
Keep this supplement with your statement of additional
information.
MFGEBS-070-1113O CGD|10149-S40263
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