UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

______________________

SCHEDULE 14A

______________________

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

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐		Preliminary Proxy Statement
☐		Confidential, for the Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☐		Definitive Proxy Statement
☐		Definitive Additional Materials
☒		Soliciting Material Pursuant to §240.14a-12

AMCAP Fund
American Balanced Fund
American Funds College Target Date Series
American Funds Corporate Bond Fund
American Funds Developing World Growth and Income Fund
American Funds Emerging Markets Bond Fund
American Funds Fundamental Investors
American Funds Global Balanced Fund
American Funds Global Insight Fund
The American Funds Income Series
American Funds Inflation Linked Bond Fund
American Funds International Vantage Fund
American Funds Mortgage Fund
American Funds Multi-Sector Income Fund
American Funds Portfolio Series
American Funds Retirement Income Portfolio Series
American Funds Short-Term Tax-Exempt Bond Fund
American Funds Strategic Bond Fund
American Funds Target Date Retirement Series
American Funds Tax-Exempt Fund of New York
American Funds Tax-Exempt Series II
American Funds U.S. Government Money Market Fund
American High-Income Municipal Bond Fund
American High-Income Trust
American Mutual Fund
The Bond Fund of America
Capital Group Central Fund Series
Capital Group Central Fund Series II
Capital Group Completion Fund Series
Capital Group Conservative Equity ETF
Capital Group Core Balanced ETF
Capital Group Core Equity ETF
Capital Group Dividend Growers ETF
Capital Group Dividend Value ETF
Capital Group Fixed Income ETF Trust
Capital Group Global Equity ETF
Capital Group Global Growth Equity ETF
Capital Group Growth ETF

Capital Group International Core Equity ETF
Capital Group International Equity ETF
Capital Group International Focus Equity ETF
Capital Group New Geography Equity ETF
Capital Group Private Client Services Funds
Capital Group U.S. Equity Fund
Capital Income Builder
Capital World Bond Fund
Capital World Growth and Income Fund
Emerging Markets Equities Fund, Inc.
EUPAC Fund
The Growth Fund of America
The Income Fund of America
Intermediate Bond Fund of America
International Growth and Income Fund
The Investment Company of America
Limited Term Tax-Exempt Bond Fund of America
The New Economy Fund
New Perspective Fund
New World Fund, Inc.
Short-Term Bond Fund of America
SMALLCAP World Fund, Inc.
The Tax-Exempt Bond Fund of America
Washington Mutual Investors Fund
(Name of Registrant as Specified In Its Charter)

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

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Complex-Wide Shareholder Meeting and Proxy Campaign

Please read the Funds’ definitive proxy statement. The proxy statement contains important information. Each Fund will provide its definitive proxy statement or a notice of availability of proxy materials to shareholders as of the relevant record date. Each Fund’s definitive proxy statement and other related materials will also be available, without charge, on the Securities and Exchange Commission’s website. This document does not constitute a solicitation of any vote or approval.

To whom it may concern:

On or about August 20, 2025, Capital Group will file with the Securities and Exchange Commission for a complex-wide special shareholder meeting and proxy campaign on November 25, 2025. Shareholders or their representatives (e.g., plan sponsors, trustees) will be asked to elect the slates of board members for their respective funds. The Investment Company Act of 1940 requires shareholders to elect at least two-thirds of board members. The vote is part of a routine governance cycle, with the last shareholder election in 2018.

Complex-wide shareholder vote

Most* 1940 Act funds are included in the shareholder meeting. The agenda has three components:

• Fund board member elections – all American Funds, American Funds Insurance Series (AFIS) and Capital Group mutual funds and Capital Group exchange-traded funds.

• Management fee change to asset-only fee structure vote – 10 fixed income American Funds mutual funds.

• Remove the income-based fee component: The Bond Fund of America® (BFA), The Tax-Exempt Fund of California® (TEFCA), American High-Income Municipal Bond Fund® (AHIM), Limited Term Tax-Exempt Bond Fund of America® (LTEX), The Tax-Exempt Bond Fund of America® (TEBF), American Funds Mortgage Fund® (AFMF), U.S. Government Securities Fund® (GVT), Intermediate Bond Fund of America® (IBFA), American Funds Tax-Exempt Fund of New York® (TEFNY) and American High-Income Trust® (AHIT).

• Fund status change to non-diversified vote – American Funds Tax-Exempt Fund of New York (TEFNY).

For home office and RIA use only. Not for use with the public.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Additional information

Shareholders of record as of August 28, 2025 will receive proxy voting materials starting in mid-September, the final shareholder vote is scheduled for November 25, 2025.

Platforms are responsible for mailing the proxy materials to accounts held in firm name. An outside vendor, Computershare, will manage the proxy campaign and will reach out in early September.

Commonwealth Savers will vote on behalf of 529 and ABLE account shareholders; insurance companies will elect AFIS fund board members; and retirement plans will rely on plan document to determine voting responsibility.

If you have questions or need additional information, please contact your National Accounts team member directly or send an email to cgdealer@capgroup.com.

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

For home office and RIA use only. Not for use with the public.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.