0001474365-12-000055.txt : 20120706 0001474365-12-000055.hdr.sgml : 20120706 20120706115732 ACCESSION NUMBER: 0001474365-12-000055 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20120706 DATE AS OF CHANGE: 20120706 EFFECTIVENESS DATE: 20120706 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN FUNDS PORTFOLIO SERIES CENTRAL INDEX KEY: 0001537151 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-178936 FILM NUMBER: 12949910 BUSINESS ADDRESS: STREET 1: 333 S HOPE STREET STREET 2: 55TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 S HOPE STREET STREET 2: 55TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN FUNDS PORTFOLIO RESOURCES DATE OF NAME CHANGE: 20111214 0001537151 S000036462 American Funds Tax-Exempt Preservation Portfolio C000111631 Class A C000111632 Class B C000111633 Class C C000111634 Class F-1 C000111635 Class F-2 0001537151 S000036463 American Funds Preservation Portfolio C000111636 Class F-2 C000111637 Class 529-A C000111638 Class 529-B C000111639 Class 529-C C000111640 Class 529-E C000111641 Class 529-F-1 C000111642 Class R-1 C000111643 Class R-2 C000111644 Class R-3 C000111645 Class R-4 C000111646 Class R-5 C000111647 Class R-6 C000111648 Class A C000111649 Class B C000111650 Class C C000111651 Class F-1 497 1 cover.htm AMERICAN FUNDS PORTFOLIO SERIES cover.htm
 

 

American Funds Portfolio Series
6455 Irvine Center Drive
Irvine, California  92618

Phone (213) 486 9447
Fax (213) 486 9455
E-mail: siik@capgroup.com

Steven I. Koszalka
Secretary



July 6, 2012

Document Control
U.S. Securities and Exchange Commission
Office of Insurance Products
100 F Street, NE
Washington, DC 20549


Re:
American Funds Portfolio Series (“Series”)
 
File No. 333-178936 and No. 811-22656


Dear Sir or Madam:

On behalf of the Series, transmitted for filing pursuant to Rule 497 under the Securities Act of 1933 are exhibits containing interactive data format risk/return summary information.

The interactive data files included as an exhibit to this filing relate to the form of prospectus filed with the Securities and Exchange Commission on June 15, 2012 pursuant to Rule 497 (Accession No. 0001537151-12-000039), which is incorporated by reference into this filing.

If you have any questions, please fee free to contact me.

Sincerely,


/s/ Steven I. Koszalka
Steven I. Koszalka

Attachment
 
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<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:12.0pt;font-family:"Times New Roman","serif"'>&nbsp;</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:24.0pt;font-family:"Arial","sans-serif"'>American Funds Portfolio Series </font><font style='font-size:16.5pt;font-family:"Arial","sans-serif"'>SM</font><font style='font-size:24.0pt;font-family:"Arial","sans-serif"'><br /> Prospectus Supplement</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'><br /> &nbsp;</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>June 15, 2012</font></b></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>(for prospectus dated March 27, 2012)</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>&nbsp;</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>&nbsp;</font></b></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>The table in the Summary section for the American Funds Tax-Exempt Preservation Portfolio under the heading “Annual fund operating expenses” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:</font></b></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;margin-bottom:10.0pt;line-height:115%;font-size:11.0pt;font-family:'calibri','sans-serif';">&nbsp;</p> 2013-12-31 &nbsp; Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Example &nbsp; <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;margin-bottom:10.0pt;line-height:115%;font-size:11.0pt;font-family:'calibri','sans-serif';"><b><font style='font-size:10.0pt;line-height:115%; font-family:"Arial","sans-serif"'>The table in the Summary section for the American Funds Tax-Exempt Preservation Portfolio under the heading “Example” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:</font></b></p> For the share classes listed below, you would pay the following if you did not redeem your shares: &nbsp; <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>&nbsp;</font></p> <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Keep this supplement with your prospectus</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;margin-bottom:10.0pt;line-height:115%;font-size:11.0pt;font-family:'calibri','sans-serif';">&nbsp;</p> 0.0010 0.0010 0.0010 0.0010 0.0010 0.0025 0.0100 0.0100 0.0025 0.0000 0.0068 0.0068 0.0068 0.0062 0.0064 0.0031 0.0031 0.0031 0.0031 0.0031 0.0134 0.0209 0.0209 0.0128 0.0105 -0.0058 -0.0058 -0.0058 -0.0058 -0.0058 0.0076 0.0151 0.0151 0.0070 0.0047 <div> &lt;div style="display:none;" &gt;~ http://americanfunds.com/20120613/role/OperatingExpensesData_P0001-S000036462Member row primary compact * row dei_LegalEntityAxis compact ck0001537151_S000036462Member column rr_ProspectusShareClassAxis compact * column dei_LegalEntityAxis compact ck0001537151_S000036462Member ~&lt;/div&gt; </div> 326 608 654 999 254 599 72 349 48 276 <div> &lt;div style="display:none;" &gt;~ http://americanfunds.com/20120613/role/ExpenseExample_P0001-S000036462Member row primary compact * row dei_LegalEntityAxis compact ck0001537151_S000036462Member column rr_ProspectusShareClassAxis compact * column dei_LegalEntityAxis compact ck0001537151_S000036462Member ~&lt;/div&gt; </div> 154 599 154 599 <div> &lt;div style="display:none;" &gt;~ http://americanfunds.com/20120613/role/ExpenseExampleNoRedemption_P0001-S000036462Member row primary compact * row dei_LegalEntityAxis compact ck0001537151_S000036462Member column rr_ProspectusShareClassAxis compact * column dei_LegalEntityAxis compact ck0001537151_S000036462Member ~&lt;/div&gt; </div> American Funds Preservation Portfolio &nbsp; <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:12.0pt;font-family:"Times New Roman","serif"'>&nbsp;</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:12.0pt;font-family:"Times New Roman","serif"'>&nbsp;</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:24.0pt;font-family:"Arial","sans-serif"'>American Funds Portfolio Series </font><font style='font-size:16.5pt;font-family:"Arial","sans-serif"'>SM</font><font style='font-size:24.0pt;font-family:"Arial","sans-serif"'><br /> Prospectus Supplement</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'><br /> &nbsp;</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>June 15, 2012</font></b></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>(for prospectus dated March 27, 2012)</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>&nbsp;</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:12.0pt;font-family:"Times New Roman","serif"'>&nbsp;</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>&nbsp;</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>The table in the Summary section for the American Funds Preservation Portfolio under the heading “Annual fund operating expenses” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:</font></b></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;margin-bottom:10.0pt;line-height:115%;font-size:11.0pt;font-family:'calibri','sans-serif';">&nbsp;</p> 2013-12-31 &nbsp; Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) &nbsp; Example &nbsp; <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;margin-bottom:10.0pt;line-height:115%;font-size:11.0pt;font-family:'calibri','sans-serif';"><b><font style='font-size:10.0pt;line-height:115%; font-family:"Arial","sans-serif"'>The table in the Summary section for the American Funds Preservation Portfolio under the heading “Example” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:</font></b></p> For the share classes listed below, you would pay the following if you did not redeem your shares: &nbsp; <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><font style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Keep this supplement with your prospectus</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;margin-bottom:10.0pt;line-height:115%;font-size:11.0pt;font-family:'calibri','sans-serif';">&nbsp;</p> 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0010 0.0025 0.0100 0.0100 0.0025 0.0000 0.0025 0.0100 0.0100 0.0050 0.0000 0.0100 0.0075 0.0050 0.0025 0.0000 0.0000 0.0048 0.0048 0.0048 0.0042 0.0044 0.0054 0.0055 0.0054 0.0049 0.0054 0.0040 0.0054 0.0045 0.0040 0.0038 0.0035 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0031 0.0114 0.0189 0.0189 0.0108 0.0085 0.0120 0.0196 0.0195 0.0140 0.0095 0.0181 0.0170 0.0136 0.0106 0.0079 0.0076 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 -0.0038 0.0076 0.0151 0.0151 0.0070 0.0047 0.0082 0.0158 0.0157 0.0102 0.0057 0.0143 0.0132 0.0098 0.0068 0.0041 0.0038 <div> &lt;div style="display:none;" &gt;~ http://americanfunds.com/20120613/role/OperatingExpensesData_P0001-S000036463Member row primary compact * row dei_LegalEntityAxis compact ck0001537151_S000036463Member column rr_ProspectusShareClassAxis compact * column dei_LegalEntityAxis compact ck0001537151_S000036463Member ~&lt;/div&gt; </div> 326 566 654 957 254 557 72 306 48 233 351 624 680 1017 279 614 124 445 78 304 146 533 134 499 100 393 69 299 42 214 39 205 <div> &lt;div style="display:none;" &gt;~ http://americanfunds.com/20120613/role/ExpenseExample_P0001-S000036463Member row primary compact * row dei_LegalEntityAxis compact ck0001537151_S000036463Member column rr_ProspectusShareClassAxis compact * column dei_LegalEntityAxis compact ck0001537151_S000036463Member ~&lt;/div&gt; </div> 154 557 154 557 180 617 179 614 <div> &lt;div style="display:none;" &gt;~ http://americanfunds.com/20120613/role/ExpenseExampleNoRedemption_P0001-S000036463Member row primary compact * row dei_LegalEntityAxis compact ck0001537151_S000036463Member column rr_ProspectusShareClassAxis compact * column dei_LegalEntityAxis compact ck0001537151_S000036463Member ~&lt;/div&gt; </div> Based on estimated amounts for the current fiscal year. The investment adviser is currently waiving its management fee of .10%. In addition, the investment adviser is currently reimbursing a portion of the other expenses for each share class. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund’s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The waiver may only be modified or terminated with the approval of the fund’s board. 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American Funds Tax-Exempt Preservation Portfolio (Prospectus Summary): | American Funds Tax-Exempt Preservation Portfolio
American Funds Tax-Exempt Preservation Portfolio  

 

American Funds Portfolio Series SM
Prospectus Supplement


 

June 15, 2012

(for prospectus dated March 27, 2012)

 

 

The table in the Summary section for the American Funds Tax-Exempt Preservation Portfolio under the heading “Annual fund operating expenses” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:

 

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses American Funds Tax-Exempt Preservation Portfolio
Class A
Class B
Class C
Class F-1
Class F-2
Management fees 0.10% 0.10% 0.10% 0.10% 0.10%
Distribution and/or service (12b-1) fees 0.25% 1.00% 1.00% 0.25% none
Other expenses [1] 0.68% 0.68% 0.68% 0.62% 0.64%
Acquired (underlying) fund fees and expenses [1] 0.31% 0.31% 0.31% 0.31% 0.31%
Total annual fund operating expenses 1.34% 2.09% 2.09% 1.28% 1.05%
Fee waiver and/or expense reimbursement [2] 0.58% 0.58% 0.58% 0.58% 0.58%
Total annual fund operating expenses after fee waiver and/or expense reimbursement 0.76% 1.51% 1.51% 0.70% 0.47%
[1] Based on estimated amounts for the current fiscal year.
[2] The investment adviser is currently waiving its management fee of .10%. In addition, the investment adviser is currently reimbursing a portion of the other expenses for each share class. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund’s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The waiver may only be modified or terminated with the approval of the fund’s board.
Example  

The table in the Summary section for the American Funds Tax-Exempt Preservation Portfolio under the heading “Example” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:

Expense Example American Funds Tax-Exempt Preservation Portfolio (USD $)
Expense Example, With Redemption, 1 Year
Expense Example, With Redemption, 3 Years
Class A
326 608
Class B
654 999
Class C
254 599
Class F-1
72 349
Class F-2
48 276
For the share classes listed below, you would pay the following if you did not redeem your shares:  
Expense Example, No Redemption American Funds Tax-Exempt Preservation Portfolio (USD $)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Class B
154 599
Class C
154 599

 

Keep this supplement with your prospectus

 

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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Mar. 27, 2012
American Funds Tax-Exempt Preservation Portfolio (Prospectus Summary): | American Funds Tax-Exempt Preservation Portfolio
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return, Heading rr_RiskReturnHeading American Funds Tax-Exempt Preservation Portfolio  
Supplement Text ck0001537151_SupplementTextBlock

 

American Funds Portfolio Series SM
Prospectus Supplement


 

June 15, 2012

(for prospectus dated March 27, 2012)

 

 

The table in the Summary section for the American Funds Tax-Exempt Preservation Portfolio under the heading “Annual fund operating expenses” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:

 

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-12-31  
Operating Expenses, Caption rr_OperatingExpensesCaption Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Expense Example, Heading rr_ExpenseExampleHeading Example  
Expense Example, Narrative rr_ExpenseExampleNarrativeTextBlock

The table in the Summary section for the American Funds Tax-Exempt Preservation Portfolio under the heading “Example” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:

Expense Example, No Redemption, By Year, Caption rr_ExpenseExampleNoRedemptionByYearCaption For the share classes listed below, you would pay the following if you did not redeem your shares:  
Supplement Closing ck0001537151_SupplementClosingTextBlock

 

Keep this supplement with your prospectus

 

American Funds Tax-Exempt Preservation Portfolio | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.68% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.34%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.58%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.76%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 326
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 608
American Funds Tax-Exempt Preservation Portfolio | Class B
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.68% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 2.09%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.58%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 1.51%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 654
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 999
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 154
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 599
American Funds Tax-Exempt Preservation Portfolio | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.68% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 2.09%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.58%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 1.51%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 254
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 599
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 154
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 599
American Funds Tax-Exempt Preservation Portfolio | Class F-1
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.62% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.28%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.58%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.70%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 72
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 349
American Funds Tax-Exempt Preservation Portfolio | Class F-2
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.64% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.05%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.58%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.47%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 48
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 276
[1] Based on estimated amounts for the current fiscal year.
[2] The investment adviser is currently waiving its management fee of .10%. In addition, the investment adviser is currently reimbursing a portion of the other expenses for each share class. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund’s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The waiver may only be modified or terminated with the approval of the fund’s board.

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American Funds Preservation Portfolio (Prospectus Summary): | American Funds Preservation Portfolio
American Funds Preservation Portfolio  

 

 

American Funds Portfolio Series SM
Prospectus Supplement


 

June 15, 2012

(for prospectus dated March 27, 2012)

 

 

 

The table in the Summary section for the American Funds Preservation Portfolio under the heading “Annual fund operating expenses” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:

 

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)  
Annual Fund Operating Expenses American Funds Preservation Portfolio
Class A
Class B
Class C
Class F-1
Class F-2
Class 529-A
Class 529-B
Class 529-C
Class 529-E
Class 529-F-1
Class R-1
Class R-2
Class R-3
Class R-4
Class R-5
Class R-6
Management fees 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
Distribution and/or service (12b-1) fees 0.25% 1.00% 1.00% 0.25% none 0.25% 1.00% 1.00% 0.50% none 1.00% 0.75% 0.50% 0.25% none none
Other expenses [1] 0.48% 0.48% 0.48% 0.42% 0.44% 0.54% 0.55% 0.54% 0.49% 0.54% 0.40% 0.54% 0.45% 0.40% 0.38% 0.35%
Acquired (underlying) fund fees and expenses [1] 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31%
Total annual fund operating expenses 1.14% 1.89% 1.89% 1.08% 0.85% 1.20% 1.96% 1.95% 1.40% 0.95% 1.81% 1.70% 1.36% 1.06% 0.79% 0.76%
Fee waiver and/or expense reimbursement [2] 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38% 0.38%
Total annual fund operating expenses after fee waiver and/or expense reimbursement 0.76% 1.51% 1.51% 0.70% 0.47% 0.82% 1.58% 1.57% 1.02% 0.57% 1.43% 1.32% 0.98% 0.68% 0.41% 0.38%
[1] Based on estimated amounts for the current fiscal year.
[2] The investment adviser is currently waiving its management fee of .10%. In addition, the investment adviser is currently reimbursing a portion of the other expenses for each share class. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund’s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The waiver may only be modified or terminated with the approval of the fund’s board.
Example  

The table in the Summary section for the American Funds Preservation Portfolio under the heading “Example” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:

Expense Example American Funds Preservation Portfolio (USD $)
Expense Example, With Redemption, 1 Year
Expense Example, With Redemption, 3 Years
Class A
326 566
Class B
654 957
Class C
254 557
Class F-1
72 306
Class F-2
48 233
Class 529-A
351 624
Class 529-B
680 1,017
Class 529-C
279 614
Class 529-E
124 445
Class 529-F-1
78 304
Class R-1
146 533
Class R-2
134 499
Class R-3
100 393
Class R-4
69 299
Class R-5
42 214
Class R-6
39 205
For the share classes listed below, you would pay the following if you did not redeem your shares:  
Expense Example, No Redemption American Funds Preservation Portfolio (USD $)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Class B
154 557
Class C
154 557
Class 529-B
180 617
Class 529-C
179 614

Keep this supplement with your prospectus

 

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American Funds Preservation Portfolio (Prospectus Summary): | American Funds Preservation Portfolio
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return, Heading rr_RiskReturnHeading American Funds Preservation Portfolio  
Supplement Text ck0001537151_SupplementTextBlock

 

 

American Funds Portfolio Series SM
Prospectus Supplement


 

June 15, 2012

(for prospectus dated March 27, 2012)

 

 

 

The table in the Summary section for the American Funds Preservation Portfolio under the heading “Annual fund operating expenses” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:

 

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-12-31  
Operating Expenses, Caption rr_OperatingExpensesCaption Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)  
Expense Example, Heading rr_ExpenseExampleHeading Example  
Expense Example, Narrative rr_ExpenseExampleNarrativeTextBlock

The table in the Summary section for the American Funds Preservation Portfolio under the heading “Example” in the “Fees and expenses of the fund” section of the prospectus is amended in its entirety as follows:

Expense Example, No Redemption, By Year, Caption rr_ExpenseExampleNoRedemptionByYearCaption For the share classes listed below, you would pay the following if you did not redeem your shares:  
Supplement Closing ck0001537151_SupplementClosingTextBlock

Keep this supplement with your prospectus

 

American Funds Preservation Portfolio | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.48% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.14%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.76%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 326
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 566
American Funds Preservation Portfolio | Class B
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.48% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.89%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 1.51%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 654
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 957
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 154
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 557
American Funds Preservation Portfolio | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.48% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.89%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 1.51%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 254
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 557
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 154
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 557
American Funds Preservation Portfolio | Class F-1
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.42% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.08%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.70%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 72
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 306
American Funds Preservation Portfolio | Class F-2
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.44% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 0.85%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.47%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 48
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 233
American Funds Preservation Portfolio | Class 529-A
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.54% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.20%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.82%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 351
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 624
American Funds Preservation Portfolio | Class 529-B
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.55% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.96%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 1.58%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 680
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 1,017
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 180
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 617
American Funds Preservation Portfolio | Class 529-C
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.54% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.95%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 1.57%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 279
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 614
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 179
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 614
American Funds Preservation Portfolio | Class 529-E
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.49% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.40%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 1.02%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 124
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 445
American Funds Preservation Portfolio | Class 529-F-1
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.54% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 0.95%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.57%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 78
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 304
American Funds Preservation Portfolio | Class R-1
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.40% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.81%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 1.43%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 146
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 533
American Funds Preservation Portfolio | Class R-2
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.54% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.70%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 1.32%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 134
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 499
American Funds Preservation Portfolio | Class R-3
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.45% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.36%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.98%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 100
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 393
American Funds Preservation Portfolio | Class R-4
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.40% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.06%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.68%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 69
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 299
American Funds Preservation Portfolio | Class R-5
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.38% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 0.79%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.41%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 42
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 214
American Funds Preservation Portfolio | Class R-6
 
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.35% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.31% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 0.76%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.38%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 39
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 205
[1] Based on estimated amounts for the current fiscal year.
[2] The investment adviser is currently waiving its management fee of .10%. In addition, the investment adviser is currently reimbursing a portion of the other expenses for each share class. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund’s board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The waiver may only be modified or terminated with the approval of the fund’s board.
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