npf485b.htm

Retirement plan prospectus

December 1, 2010

Table of contents

Investment objectives
Fees and expenses of the fund

Principal investment strategies

Principal risks

Investment results

Management

Purchase and sale of fund shares

Tax information

Payments to broker-dealers and other financial intermediaries

Investment objective, strategies and risks

Additional investment results

1

1

2

3

4

6

7

7

7

8

10

Management and organization
Purchase, exchange and sale of shares

Distributions and taxes

Sales charges

Sales charge reductions

Rollovers from retirement plans to IRAs

Plans of distribution

Other compensation to dealers

Fund expenses

Financial highlights

12

16

20

21

23

25

25

26

27

28

The U.S. Securities and Exchange Commission has not approved or disapproved of these securities. Further, it has not determined that this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.

New Perspective Fund®

Class

R-1

R-2

Ticker

ANWPX

RNPAX

RNPBX

R-3

R-4

R-5

R-6

RNPCX

RNPEX

RNPFX

RNPGX

[This page is intentionally left blank for this filing.]

Investment objectives

The fund’s primary investment objective is to provide you with long-term growth of capital. Future income is a secondary objective.

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 a Class A sales charge discount if you and your family invest, or agree to invest in the future, at least $25,000 in American Funds. More information about these and other discounts is available from your financial professional and in the “Sales charge reductions” section on page 23 of the retirement plan prospectus and in the “Sales charge reductions and waivers” section on page 61 of the fund’s statement of additional information.

Shareholder fees (fees paid directly from your investment)
	Class A	All R share classes
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	5.75%	none
Maximum deferred sales charge (load) (as a percentage of the amount redeemed)	none	none
Maximum sales charge (load) imposed on reinvested dividends	none	none
Redemption or exchange fees	none	none

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
	Share classes
	A	R-1	R-2	R-3	R-4	R-5	R-6
Management fees	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%
Distribution and/or service (12b-1) fees	0.23	1.00	0.75	0.50	0.25	none	none
Other expenses	0.17	0.19	0.47	0.23	0.17	0.12	0.07
Total annual fund operating expenses	0.79	1.58	1.61	1.12	0.81	0.51	0.46

Page 1

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. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Share classes	1 year	3 years	5 years	10 years
A	$651	$813	$989	$1,497
R-1	161	499	860	1,878
R-2	164	508	876	1,911
R-3	114	356	617	1,363
R-4	83	259	450	1,002
R-5	52	164	285	640
R-6	47	148	258	579

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 results. During the most recent fiscal year, the fund’s portfolio turnover rate was 24% of the average value of its portfolio.

Principal investment strategies

The fund seeks to take advantage of investment opportunities generated by changes in international trade patterns and economic and political relationships by investing in common stocks of companies located around the world.

In pursuing its primary investment objective, the fund invests primarily in common stocks that the investment adviser believes have the potential for growth. In pursuing its secondary objective, the fund invests in common stocks of companies with the potential to pay dividends in the future.

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

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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 valued companies that, in its opinion, represent good, long-term investment opportunities. The investment adviser believes that an important way to accomplish this is through fundamental analysis, which may include meeting with company executives and employees, suppliers, customers and competitors. 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. Investors in the fund should have a long-term perspective and be able to tolerate potentially sharp declines in value.

Market conditions — The prices of, and the income generated by, the securities held by the fund may decline due to market conditions and other factors, including those directly involving the issuers of securities held by the fund.

Investing in growth-oriented stocks — Growth-oriented stocks and other equity-type securities may involve larger price swings and greater potential for loss than other types of investments.

Investing outside the United States — Securities of issuers domiciled outside the United States, or with significant operations outside the United States, may lose value because of political, social or economic developments in the country or region in which the issuer operates. These securities may also lose value due to changes in the exchange rate of the country’s currency against the U.S. dollar. 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 settlement and accounting practices and different regulatory, legal and reporting standards than those in the United States. These risks may be heightened in connection with investments in developing countries.

Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the techniques and risk 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 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.

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Investment results

The bar chart below shows how the fund’s investment results have varied from year to year, and the table on the following page shows how the fund’s average annual total returns for various periods compare with different broad measures of market results. This information provides some indication of the risks of investing in the fund. MSCI USA Index reflects the market sectors in which the fund invests and Lipper Global Funds Index includes the fund and other funds that disclose investment objectives that are reasonably comparable to the fund’s objective. Past results are not predictive of future results. Updated information on the fund’s results can be obtained by visiting americanfunds.com.

Highest/Lowest quarterly results during this period were:

Highest 19.99% (quarter ended June 30, 2003)

Lowest –19.78% (quarter ended December 31, 2008)

The fund’s total return for the nine months ended September 30, 2010, was 3.51%.

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Average annual total returns For the periods ended December 31, 2009 (with maximum sales charge):
Share class	Inception date	1 year	5 years	10 years	Lifetime
A	3/13/1973	29.54%	4.50%	3.35%	12.49%

Share class	Inception date	1 year	5 years	Lifetime
R-1	6/17/2002	36.42%	4.91%	7.35%
R-2	5/21/2002	36.29	4.86	6.46
R-3	6/4/2002	37.09	5.40	7.40
R-4	5/28/2002	37.45	5.72	7.38
R-5	5/15/2002	37.92	6.03	7.63

Indexes	1 year	5 years	10 years	Lifetime (from Class A inception)
MSCI® World Index (reflects no deductions for sales charges, account fees, expenses or taxes)	30.79%	2.57%	0.23%	9.21%
MSCI USA Index (reflects no deductions for sales charges, account fees, expenses or taxes)	27.14	0.66	–1.29	9.59
Lipper Global Funds Index (reflects no deductions for sales charges, account fees or taxes)	31.06	3.20	1.03	N/A

Page 5

Management

Investment adviser

Capital Research and Management Company

Portfolio counselors

The individuals primarily responsible for the portfolio management of the fund are:

Portfolio counselor/ Fund title (if applicable)	Portfolio counselor experience in this fund	Primary title with investment adviser
Robert W. Lovelace President and Director	10 years	Senior Vice President – Capital World Investors
Gregg E. Ireland Senior Vice President and Director	18 years	Senior Vice President – Capital World Investors
Brady L. Enright Vice President	5 years	Senior Vice President – Capital World Investors
Joanna F. Jonsson Vice President	5 years	Senior Vice President – Capital World Investors
Jonathan Knowles Vice President	6 years	Senior Vice President – Capital World Investors
Dina N. Perry	18 years	Senior Vice President – Capital World Investors
Steven T. Watson	5 years	Senior Vice President – Capital World Investors

Page 6

Purchase and sale of fund shares

Eligible retirement plans generally may open an account and purchase Class A or R shares by contacting any investment dealer authorized to sell these classes of the fund’s shares. Investment dealers may impose transaction charges in addition to those described in this retirement plan prospectus.

Please contact your plan administrator or recordkeeper in order to sell (redeem) shares from your retirement plan.

Tax information

Dividends and capital gains distributed by the fund to tax-deferred retirement plan accounts are not currently taxable.

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 adviser to recommend the fund over another investment. Ask your individual financial adviser or visit your financial intermediary’s website for more information.

Page 7

Investment objectives, strategies and risks

The fund’s primary investment objective is to provide you with long-term growth of capital. Future income is a secondary objective. The fund seeks to take advantage of investment opportunities generated by changes in international trade patterns and economic and political relationships by investing in common stocks of companies located around the world.

The prices of, and the income generated by, the securities held by the fund may decline in response to certain events taking place around the world, including those directly involving the issuers whose securities are owned by the fund; conditions affecting the general economy; overall market changes; local, regional or global political, social or economic instability; governmental or governmental agency responses to economic conditions; and currency, interest rate and commodity price fluctuations. The growth-oriented common stocks and other equity-type securities (such as preferred stocks, convertible preferred stocks and convertible bonds) generally purchased by the fund may involve larger price swings and greater potential for loss than other types of investments.

The prices of securities of issuers domiciled outside the United States or with significant operations outside the United States may decline due to conditions specific to the country or region in which the issuer is domiciled or operates, including political, economic or market changes or instability in such country or region. The securities of issuers domiciled in certain countries outside the United States may be more volatile, less liquid and/or more difficult to value than those of U.S issuers. Issuers in countries outside the United States may also be subject to different tax and accounting policies and different auditing and regulatory standards. In addition, the value of investments outside the United States may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. These issues may also be subject to different government and legal systems that make it difficult for the fund to exercise its rights as a shareholder of the company. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund. These investments may also be affected by changes in the exchange rate of that country’s currency against the U.S. dollar and/or currencies of other countries.

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The fund may also hold cash or money market instruments. The percentage of the fund invested in such holdings varies and depends on various factors, including market conditions and purchases and redemptions of fund shares. For temporary defensive purposes, the fund may hold a significant portion of its assets in such securities. The investment adviser may determine that it is appropriate to take such action in response to certain circumstances, such as periods of market turmoil. A larger percentage of such holdings could moderate the fund’s investment results in a period of rising market prices. A larger percentage of cash or money market instruments could reduce the magnitude of the fund’s loss in a period of falling market prices and provide liquidity to make additional investments or to meet redemptions.

The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the techniques and risk 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 results to lag relevant benchmarks or other funds with similar objectives.

The fund’s investment results will depend on the ability of the fund’s investment adviser to navigate the risks discussed above.

In addition to the investment strategies described above, the fund has other investment practices that are described in the statement of additional information.

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Additional investment results

Unlike the table on page 5, the table below reflects the fund’s results calculated without a sales charge.

Average annual total returns For the periods ended December 31, 2009 (without sales charge):
Share class	Inception date	1 year	5 years	10 years	Lifetime
A − Before taxes	3/13/1973	37.43%	5.75%	3.97%	12.67%

Share class	Inception date	1 year	5 years	Lifetime
R-1	6/17/2002	36.42%	4.91%	7.35%
R-2	5/21/2002	36.29	4.86	6.46
R-3	6/4/2002	37.09	5.40	7.40
R-4	5/28/2002	37.45	5.72	7.38
R-5	5/15/2002	37.92	6.03	7.63

Indexes	1 year	5 years	10 years	Lifetime (from Class A inception)
MSCI World Index (reflects no deductions for sales charges, account fees, expenses or taxes)	30.79%	2.57%	0.23%	9.21%
MSCI USA Index (reflects no deductions for sales charges, account fees, expenses or taxes)	27.14	0.66	–1.29	9.59
Lipper Global Funds Index (reflects no deductions for sales charges, account fees or taxes)	31.06	3.20	1.03	N/A

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The investment results tables above and on page 5 show how the fund’s average annual total returns compare with various broad measures of market results. MSCI World Index is a free float-adjusted market capitalization-weighted index that is designed to measure equity market results of developed markets. The index consists of more than 20 developed market country indexes, including the United States. This index is unmanaged and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, account fees, expenses or taxes. MSCI USA Index is a free float-adjusted market capitalization-weighted index that is designed to measure the U.S. portion of the world market. This index is unmanaged and its results include reinvested dividends and/or distributions, but do not reflect the effect of sales charges, commissions, account fees, expenses or taxes. Lipper Global Funds Index is an equally weighted index of funds that invest at least 25% of their portfolios in securities traded outside the United States and may own U.S. securities as well. The results of the underlying funds in the index include the reinvestment of dividends and capital gain distributions, as well as brokerage commissions paid by the funds for portfolio transactions and other fund expenses, but do not reflect the effect of sales charges, account fees or taxes. This index was not in existence as of the date the fund’s Class A shares were first sold; therefore, lifetime results are not shown.

All fund results reflected in the “Investment results” and “Additional investment results” sections of this prospectus reflect the reinvestment of dividends and capital gain distributions, if any. Unless otherwise noted, fund results reflect any fee waivers and/or expense reimbursements in effect during the period presented.

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Management and organization

Investment adviser

Capital Research and Management Company, an experienced investment management organization founded in 1931, serves as the investment adviser to the fund and other funds, including the American Funds. Capital Research and Management Company is a wholly owned subsidiary of The Capital Group Companies, Inc. and is located at 333 South Hope Street, Los Angeles, California 90071, and 6455 Irvine Center Drive, Irvine, California 92618. Capital Research and Management Company manages the investment portfolio and business affairs of the fund. The total management fee paid by the fund, as a percentage of average net assets, for the previous fiscal year appears in the Annual Fund Operating Expenses table under “Fees and expenses of the fund.” Please see the statement of additional information for further details. A discussion regarding the basis for the approval of the fund’s Investment Advisory and Service Agreement by the fund’s board of directors is contained in the fund’s semi-annual report to shareholders for the fiscal period ended March 31, 2010.

Capital Research and Management Company manages equity assets through two investment divisions, Capital World Investors and Capital Research Global Investors, and manages fixed-income assets through its Fixed Income division. Capital World Investors and Capital Research Global Investors make investment decisions on an independent basis.

Rather than remain as investment divisions, Capital World Investors and Capital Research Global Investors may be incorporated into wholly owned subsidiaries of Capital Research and Management Company. In that event, Capital Research and Management Company would continue to be the investment adviser, and day-to-day investment management of equity assets would continue to be carried out through one or both of these subsidiaries. Although not currently contemplated, Capital Research and Management Company could incorporate its Fixed Income division in the future and engage it to provide day-to-day investment management of fixed-income assets. Capital Research and Management Company and each of the funds it advises have applied to the U.S. Securities and Exchange Commission for an exemptive order that would give Capital Research and Management Company the authority to use, upon approval of the fund’s board, its management subsidiaries and affiliates to provide day-to-day investment management services to the fund, including making changes to the management subsidiaries and affiliates providing such services. The fund’s shareholders approved this arrangement at a meeting of the fund’s shareholders on November 24, 2009. There is no assurance that Capital Research and Management Company will incorporate its investment divisions or exercise any authority, if granted, under an exemptive order.

In addition, shareholders approved a proposal to reorganize the fund into a Delaware statutory trust. The reorganization may be completed in 2011; however, the fund reserves the right to delay the implementation.

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Execution of portfolio transactions

The investment adviser places orders with broker-dealers for the fund’s portfolio transactions. In selecting broker-dealers, the investment adviser strives to obtain “best execution” (the most favorable total price reasonably attainable under the circumstances) for the fund’s portfolio transactions, taking into account a variety of factors. Subject to best execution, the investment adviser may consider investment research and/or brokerage services provided to the adviser in placing orders for the fund’s portfolio transactions. The investment adviser may place orders for the fund’s portfolio transactions with broker-dealers who have sold shares of funds managed by the investment adviser or its affiliated companies; however, it does not give consideration to whether a broker-dealer has sold shares of the funds managed by the investment adviser or its affiliated companies when placing any such orders for the fund’s portfolio transactions. A more detailed description of the investment adviser’s policies is included in the fund’s statement of additional information.

Portfolio holdings

Portfolio holdings information for the fund is available on the American Funds website at americanfunds.com. To reach this information, access the fund's detailed information page on the website. A list of the fund’s top 10 equity holdings, updated as of each month-end, is generally posted to this page within 14 days after the end of the applicable month. A link to the fund’s complete list of publicly disclosed portfolio holdings, updated as of each calendar quarter-end, is generally posted to this page within 45 days after the end of the applicable quarter. Both lists remain available on the website until new information for the next month or quarter is posted. Portfolio holdings information for the fund is also contained in reports filed with the U.S. Securities and Exchange Commission.

A description of the fund’s policies and procedures regarding disclosure of information about its portfolio holdings is available in the statement of additional information.

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Multiple portfolio counselor system

Capital Research and Management Company uses a system of multiple portfolio counselors in managing mutual fund assets. Under this approach, the portfolio of a fund is divided into segments managed by individual counselors who decide how their respective segments will be invested. In addition, Capital Research and Management Company’s investment analysts may make investment decisions with respect to a portion of a fund’s portfolio. Investment decisions are subject to a fund’s objective(s), policies and restrictions and the oversight of the appropriate investment-related committees of Capital Research and Management Company and its investment divisions. The table below shows the investment experience and role in management of the fund for each of the fund’s primary portfolio counselors.

Portfolio counselor	Investment experience	Experience in this fund	Role in management of the fund
Robert W. Lovelace	Investment professional for 25 years, all with Capital Research and Management Company or affiliate	10 years (plus 14 years of prior experience as an investment analyst for the fund)	Serves as a global equity portfolio counselor
Gregg E. Ireland	Investment professional for 38 years, all with Capital Research and Management Company or affiliate	18 years (plus 7 years of prior experience as an investment analyst for the fund)	Serves as a global equity portfolio counselor
Brady L. Enright	Investment professional for 19 years in total; 14 years with Capital Research and Management Company or affiliate	5 years	Serves as a global equity portfolio counselor
Joanna F. Jonsson	Investment professional for 22 years in total; 20 years with Capital Research and Management Company or affiliate	5 years	Serves as a global equity portfolio counselor

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Portfolio counselor	Investment experience	Experience in this fund	Role in management of the fund
Jonathan Knowles	Investment professional for 19 years, all with Capital Research and Management Company or affiliate	6 years (plus 8 years of prior experience as an investment analyst for the fund)	Serves as a global equity portfolio counselor
Dina N. Perry	Investment professional for 33 years in total; 19 years with Capital Research and Management Company or affiliate	18 years	Serves as a global equity portfolio counselor
Steven T. Watson	Investment professional for 23 years in total; 21 years with Capital Research and Management Company or affiliate	5 years	Serves as a global equity portfolio counselor

Information regarding the portfolio counselors’ compensation, their ownership of securities in the fund and other accounts they manage is in the statement of additional information.

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Certain privileges and/or services described on the following pages of this prospectus and in the statement of additional information may not be available to you, depending on your investment dealer or retirement plan recordkeeper. Please see your financial adviser, investment dealer or retirement plan recordkeeper for more information.

Purchase, exchange and sale of shares

American Funds Service Company, the fund’s transfer agent, on behalf of the fund and American Funds Distributors,® the fund’s distributor, is required by law to obtain certain personal information from you or any other person(s) acting on your behalf in order to verify your or such person’s identity. If you do not provide the information, the transfer agent may not be able to open your account. If the transfer agent is unable to verify your identity or that of any other person(s) authorized to act on your behalf, or believes it has identified potentially criminal activity, the fund and American Funds Distributors reserve the right to close your account or take such other action they deem reasonable or required by law.

Valuing shares

The net asset value of each share class of the fund is the value of a single share. The fund calculates the net asset value each day the New York Stock Exchange is open for trading as of approximately 4 p.m. New York time, the normal close of regular trading. The fund will not calculate net asset values on days that the New York Stock Exchange is closed for trading. Assets are valued primarily on the basis of market quotations. However, the fund has adopted procedures for making “fair value” determinations if market quotations are not readily available or are not considered reliable. For example, if events occur between the close of markets outside the United States and the close of regular trading on the New York Stock Exchange that, in the opinion of the investment adviser, materially affect the value of any of the fund’s securities that principally trade in those international markets, those securities will be valued in accordance with fair value procedures. Use of these procedures is intended to result in more appropriate net asset values. In addition, such use will reduce, if not eliminate, potential arbitrage opportunities otherwise available to short-term investors.

Because the fund may hold securities that are primarily listed on foreign exchanges that trade on weekends or days when the fund does not price its shares, the values of securities held in the fund may change on days when you will not be able to purchase or redeem fund shares.

Your shares will be purchased at the net asset value (plus any applicable sales charge in the case of Class A shares) or sold at the net asset value next determined after American Funds Service Company receives your request, provided that your request contains all information and legal documentation necessary to process the transaction.

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Purchases and exchanges

Eligible retirement plans generally may open an account and purchase Class A or R shares by contacting any investment dealer (who may impose transaction charges in addition to those described in this prospectus) authorized to sell these classes of the fund’s shares. Some or all R share classes may not be available through certain investment dealers. Additional shares may be purchased through a plan’s administrator or recordkeeper.

Class A shares are generally not available for retirement plans using the PlanPremier® or Recordkeeper Direct® recordkeeping programs.

Class R shares are generally available only to 401(k) plans, 457 plans, 403(b) plans, profit-sharing and money purchase pension plans, defined benefit plans and nonqualified deferred compensation plans. Class R shares also are generally available only to retirement plans where plan level or omnibus accounts are held on the books of the fund. Class R-5 and R-6 shares are generally available only to fee-based programs or through retirement plan intermediaries. In addition, Class R-6 shares are available for investment by American Funds Target Date Retirement Series,® and Class R-5 shares are available to other registered investment companies approved by the fund. Class R shares generally are not available to retail nonretirement accounts, traditional and Roth individual retirement accounts (IRAs), Coverdell Education Savings Accounts, SEPs, SARSEPs, SIMPLE IRAs and 529 college savings plans.

Shares of the fund offered through this prospectus generally may be exchanged into shares of the same class of other American Funds. Exchanges of Class A shares from American Funds Money Market Fund® purchased without a sales charge generally will be subject to the appropriate sales charge.

Please see the statement of additional information for details and limitations on moving investments in certain share classes to different share classes and on moving investments held in certain accounts to different accounts.

Employer-sponsored retirement plans

Employer-sponsored retirement plans that are eligible to purchase Class R shares may instead purchase Class A shares and pay the applicable Class A sales charge, provided that their recordkeepers can properly apply a sales charge on plan investments. These plans are not eligible to make initial purchases of $1 million or more in Class A shares and thereby invest in Class A shares without a sales charge, nor are they eligible to establish a statement of intention that qualifies them to purchase Class A shares without a sales charge. More information about statements of intention can be found under “Sales charge reductions” in this prospectus. Plans investing in Class A shares with a sales charge may purchase additional Class A shares in accordance with the sales charge table in this prospectus.

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Employer-sponsored retirement plans that invested in Class A shares without any sales charge before April 1, 2004, and that continue to meet the eligibility requirements in effect as of that date for purchasing Class A shares at net asset value, may continue to purchase Class A shares without any initial or contingent deferred sales charge.

A 403(b) plan may not invest in Class A or C shares, unless it was invested in Class A or C shares before January 1, 2009.

Frequent trading of fund shares

The fund and American Funds Distributors reserve the right to reject any purchase order for any reason. The fund is not designed to serve as a vehicle for frequent trading. Frequent trading of fund shares may lead to increased costs to the fund and less efficient management of the fund’s portfolio, potentially resulting in dilution of the value of the shares held by long-term shareholders. Accordingly, purchases, including those that are part of exchange activity that the fund or American Funds Distributors has determined could involve actual or potential harm to the fund, may be rejected.

The fund, through its transfer agent, American Funds Service Company, maintains surveillance procedures that are designed to detect frequent trading in fund shares. Under these procedures, various analytics are used to evaluate factors that may be indicative of frequent trading. For example, transactions in fund shares that exceed certain monetary thresholds may be scrutinized. American Funds Service Company also may review transactions that occur close in time to other transactions in the same account or in multiple accounts under common ownership or influence. Trading activity that is identified through these procedures or as a result of any other information available to the fund will be evaluated to determine whether such activity might constitute frequent trading. These procedures may be modified from time to time as appropriate to improve the detection of frequent trading, to facilitate monitoring for frequent trading in particular retirement plans or other accounts, and to comply with applicable laws.

In addition to the fund’s broad ability to restrict potentially harmful trading as described above, the fund’s board of directors has adopted a “purchase blocking policy” under which any shareholder redeeming shares having a value of $5,000 or more from a fund will be precluded from investing in that fund for 30 calendar days after the redemption transaction. This policy also applies to redemptions and purchases that are part of exchange transactions. Under the fund’s purchase blocking policy, certain purchases will not be prevented and certain redemptions will not trigger a purchase block, such as purchases and redemptions of shares having a value of less than $5,000; transactions in Class 529 shares; purchases and redemptions resulting from reallocations by American Funds Target Date Retirement Series®; retirement plan contributions, loans and distributions (including hardship withdrawals) identified as such on the retirement plan recordkeeper’s system; purchase transactions involving transfers of assets, rollovers, Roth IRA conversions and IRA recharacterizations, where the entity maintaining the shareholder account is able to identify the transaction as one of these types of

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transactions; and systematic redemptions and purchases, where the entity maintaining the shareholder account is able to identify the transaction as a systematic redemption or purchase. Generally, purchases and redemptions will not be considered “systematic” unless the transaction is pre-scheduled for a specific date.

The fund reserves the right to waive the purchase blocking policy with respect to specific shareholder accounts in those instances where American Funds Service Company determines that its surveillance procedures are adequate to detect frequent trading in fund shares.

American Funds Service Company will work with certain intermediaries (such as investment dealers holding shareholder accounts in street name, retirement plan recordkeepers, insurance company separate accounts and bank trust companies) to apply their own procedures, provided that American Funds Service Company believes the intermediary’s procedures are reasonably designed to enforce the frequent trading policies of the fund. You should refer to disclosures provided by the intermediaries with which you have an account to determine the specific trading restrictions that apply to you.

If American Funds Service Company identifies any activity that may constitute frequent trading, it reserves the right to contact the intermediary and request that the intermediary either provide information regarding an account owner’s transactions or restrict the account owner’s trading. If American Funds Service Company is not satisfied that the intermediary has taken appropriate action, American Funds Service Company may terminate the intermediary’s ability to transact in fund shares.

There is no guarantee that all instances of frequent trading in fund shares will be prevented.

Notwithstanding the fund’s surveillance procedures and purchase blocking policy, all transactions in fund shares remain subject to the right of the fund and American Funds Distributors to restrict potentially abusive trading generally (including the types of transactions described above that will not be prevented or trigger a block under the purchase blocking policy). See the statement of additional information for more information about how American Funds Service Company may address other potentially abusive trading activity in the American Funds.

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Distributions and taxes

Dividends and distributions

The fund intends to distribute dividends to shareholders, usually in December.

Capital gains, if any, are usually distributed in December. When a dividend or capital gain is distributed, the net asset value per share is reduced by the amount of the payment.

All dividends and capital gain distributions paid to retirement plan shareholders will be reinvested automatically.

Taxes on transactions

Exchanges within a tax-deferred retirement plan account will not result in a capital gain or loss for federal or state income tax purposes. With limited exceptions, distributions from a retirement plan account are taxable as ordinary income.

Please see your tax adviser for more information.

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Sales charges

Class A shares

The initial sales charge you pay each time you buy Class A shares differs depending upon the amount you invest and may be reduced or eliminated for larger purchases as indicated below. The “offering price,” the price you pay to buy shares, includes any applicable sales charge, which will be deducted directly from your investment. Shares acquired through reinvestment of dividends or capital gain distributions are not subject to an initial sales charge.

	Sales charge as a percentage of:
Investment	Offering price	Net amount invested	Dealer commission as a percentage of offering price
Less than $25,000	5.75%	6.10%	5.00%
$25,000 but less than $50,000	5.00	5.26	4.25
$50,000 but less than $100,000	4.50	4.71	3.75
$100,000 but less than $250,000	3.50	3.63	2.75
$250,000 but less than $500,000	2.50	2.56	2.00
$500,000 but less than $750,000	2.00	2.04	1.60
$750,000 but less than $1 million	1.50	1.52	1.20
$1 million or more and certain other investments described below	none	none	see below

The sales charge, expressed as a percentage of the offering price or the net amount invested, may be higher or lower than the percentages described in the table above due to rounding. This is because the dollar amount of the sales charge is determined by subtracting the net asset value of the shares purchased from the offering price, which is calculated to two decimal places using standard rounding criteria. The impact of rounding will vary with the size of the investment and the net asset value of the shares.

Class A share purchases not subject to sales charges

The following investments are not subject to any initial or contingent deferred sales charge if American Funds Service Company is properly notified of the nature of the investment:

·	investments made by accounts that are part of certain qualified fee-based programs and that purchased Class A shares before the discontinuation of your investment dealer’s load-waived Class A share program with the American Funds; and

·	certain rollover investments from retirement plans to IRAs (see “Rollovers from retirement plans to IRAs” in this prospectus for more information).

Page 21

The distributor may pay dealers a commission of up to 1% on investments made in Class A shares with no initial sales charge. The fund may reimburse the distributor for these payments through its plans of distribution (see “Plans of distribution” in this prospectus).

Certain other investors may qualify to purchase shares without a sales charge, such as employees of investment dealers and registered investment advisers authorized to sell American Funds and employees of The Capital Group Companies, Inc. Please see the statement of additional information for further details.

Class R shares

Class R shares are sold without any initial or contingent deferred sales charge. The distributor will pay dealers annually asset-based compensation of up to 1.00% for sales of Class R-1 shares, up to .75% for Class R-2 shares, up to .50% for Class R-3 shares and up to .25% for Class R-4 shares. No dealer compensation is paid from fund assets on sales of Class R-5 or R-6 shares. The fund may reimburse the distributor for these payments through its plans of distribution (see “Plans of distribution” in this prospectus).

Page 22

Sales charge reductions

To receive a reduction in your Class A initial sales charge, you must let your financial adviser or American Funds Service Company know at the time you purchase shares that you qualify for such a reduction. If you do not let your adviser or American Funds Service Company know that you are eligible for a reduction, you may not receive a sales charge discount to which you are otherwise entitled. In order to determine your eligibility to receive a sales charge discount, it may be necessary for you to provide your adviser or American Funds Service Company with information and records (including account statements) of all relevant accounts invested in the American Funds.

In addition to the information in this prospectus, you may obtain more information about share classes, sales charges and sales charge reductions through a link on the home page of the American Funds website at americanfunds.com, from the statement of additional information or from your financial adviser.

Reducing your Class A initial sales charge

Consistent with the policies described in this prospectus, two or more retirement plans of an employer or employer’s affiliates may combine all of their American Funds investments to reduce their Class A sales charge. Certain investments in the American Funds Target Date Retirement Series may also be combined for this purpose. Please see the American Funds Target Date Retirement Series prospectus for further information. However, for this purpose, investments representing direct purchases of American Funds Money Market Fund are excluded. Following are different ways that you may qualify for a reduced Class A sales charge:

Concurrent purchases

Simultaneous purchases of any class of shares of two or more American Funds (excluding American Funds Money Market Fund) may be combined to qualify for a reduced Class A sales charge.

Rights of accumulation

You may take into account your accumulated holdings in all share classes of the American Funds (excluding American Funds Money Market Fund) to determine the initial sales charge you pay on each purchase of Class A shares. Subject to your investment dealer’s or recordkeeper’s capabilities, your accumulated holdings will be calculated as the higher of (a) the current value of your existing holdings (as of the day prior to your additional American Funds investment) or (b) the amount you invested (including reinvested dividends and capital gains, but excluding capital appreciation) less any withdrawals. Please see the statement of additional information for further details. You should retain any records necessary to substantiate the historical amounts you have invested.

Page 23

Statement of intention

You may reduce your Class A sales charge by establishing a statement of intention. A statement of intention allows you to combine all purchases of all share classes of the American Funds (excluding American Funds Money Market Fund) you intend to make over a 13-month period to determine the applicable sales charge; however, purchases made under a right of reinvestment, appreciation of your holdings, and reinvested dividends and capital gains do not count as purchases made during the statement period. Your accumulated holdings (as described and calculated under “Rights of accumulation” above) eligible to be aggregated as of the day immediately before the start of the statement period may be credited toward satisfying the statement. A portion of your account may be held in escrow to cover additional Class A sales charges that may be due if your total purchases over the statement period do not qualify you for the applicable sales charge reduction. Employer-sponsored retirement plans may be restricted from establishing statements of intention. See “Sales charges” in this prospectus for more information.

Right of reinvestment

If you notify American Funds Service Company, you may reinvest proceeds from a redemption, dividend payment or capital gain distribution without a sales charge in the same fund or other American Funds, provided that the reinvestment occurs within 90 days after the date of the redemption or distribution and is made into the same account from which you redeemed the shares or received the distribution. If the account has been closed, you may reinvest without a sales charge if the new receiving account has the same registration as the closed account. Proceeds will be reinvested in the same share class from which the original redemption or distribution was made. Redemption proceeds of Class A shares representing direct purchases in American Funds Money Market Fund that are reinvested in other American Funds will be subject to a sales charge.

Proceeds will be reinvested at the next calculated net asset value after your request is received by American Funds Service Company, provided that your request contains all information and legal documentation necessary to process the transaction. For purposes of this “right of reinvestment policy,” automatic transactions (including, for example, automatic purchases, withdrawals and payroll deductions) and ongoing retirement plan contributions are not eligible for investment without a sales charge. You may not reinvest proceeds in the American Funds as described in this paragraph if such proceeds are subject to a purchase block as described under “Frequent trading of fund shares” in this prospectus. This paragraph does not apply to certain rollover investments as described under “Rollovers from retirement plans to IRAs” in this prospectus.

Page 24

Rollovers from retirement plans to IRAs

Assets from retirement plans may be invested in Class A, C or F shares through an IRA rollover, subject to the other provisions of this prospectus and the prospectus for nonretirement plan shareholders. More information on Class C and F shares can be found in the fund’s prospectus for nonretirement plan shareholders. Rollovers invested in Class A shares from retirement plans will be subject to applicable sales charges. The following rollovers to Class A shares will be made without a sales charge:

·	rollovers to IRAs from 403(b) plans with Capital Bank and Trust Company as custodian; and

·	rollovers to IRAs that are attributable to American Funds investments, if they meet the following requirements:

—	the assets being rolled over were invested in American Funds at the time of distribution; and

—	the rolled over assets are contributed to an American Funds IRA with Capital Bank and Trust Company as custodian.

IRA rollover assets that roll over without a sales charge as described above will not be subject to a contingent deferred sales charge, and investment dealers will be compensated solely with an annual service fee that begins to accrue immediately. IRA rollover assets invested in Class A shares that are not attributable to American Funds investments, as well as future contributions to the IRA, will be subject to sales charges and the terms and conditions generally applicable to Class A share investments as described in this prospectus and the statement of additional information.

Plans of distribution

The fund has plans of distribution, or “12b-1 plans,” for certain share classes under which it may finance activities primarily intended to sell shares, provided that the categories of expenses are approved in advance by the fund’s board of directors. The plans provide for payments, based on annualized percentages of average daily net assets, of up to .25% for Class A shares; up to 1.00% for Class R-1 and R-2 shares; up to .75% for Class R-3 shares; and up to .50% for Class R-4 shares. For all share classes indicated above, up to .25% of these expenses may be used to pay service fees to qualified dealers for providing certain shareholder services. The amount remaining for each share class may be used for distribution expenses.

The 12b-1 fees paid by each share class of the fund, as a percentage of average net assets for the previous fiscal year, are indicated in the Annual Fund Operating Expenses table under “Fees and expenses of the fund” in this prospectus. Since these fees are paid out of the fund’s assets or income on an ongoing basis, over time they may cost you more than paying other types of sales charges and reduce the return of your investment.

Page 25

Other compensation to dealers

American Funds Distributors, at its expense, currently provides additional compensation to investment dealers. These payments may be made, at the discretion of American Funds Distributors, to the top 100 dealers (or their affiliates) that have sold shares of the American Funds. The level of payments made to a qualifying firm in any given year will vary and in no case would exceed the sum of (a) .10% of the previous year’s American Funds sales by that dealer and (b) .02% of American Funds assets attributable to that dealer. For calendar year 2009, aggregate payments made by American Funds Distributors to dealers were less than .02% of the average assets of the American Funds. Aggregate payments may also change from year to year. A number of factors will be considered in determining payments, including the qualifying dealer’s sales, assets and redemption rates, and the quality of the dealer’s relationship with American Funds Distributors. American Funds Distributors makes these payments to help defray the costs incurred by qualifying dealers in connection with efforts to educate financial advisers about the American Funds so that they can make recommendations and provide services that are suitable and meet shareholder needs. American Funds Distributors will, on an annual basis, determine the advisability of continuing these payments. American Funds Distributors may also pay expenses associated with meetings conducted by dealers outside the top 100 firms to facilitate educating financial advisers and shareholders about the American Funds. If investment advisers, distributors or other affiliates of mutual funds pay additional compensation or other incentives in differing amounts, dealer firms and their advisers may have financial incentives for recommending a particular mutual fund over other mutual funds or investments. You should consult with your financial adviser and review carefully any disclosure by your financial adviser’s firm as to compensation received.

Page 26

Fund expenses

In periods of market volatility, assets of the fund may decline significantly, causing total annual fund operating expenses (as a percentage of the value of your investment) to become higher than the numbers shown in the Annual Fund Operating Expenses table in this prospectus.

The “Other expenses” items in the table on page 1 include custodial, legal, transfer agent and subtransfer agent/recordkeeping payments, as well as various other expenses. Subtransfer agent/recordkeeping payments may be made to the fund’s investment adviser, affiliates of the adviser and unaffiliated third parties for providing recordkeeping and other administrative services to retirement plans invested in the fund in lieu of the transfer agent providing such services. The amount paid for subtransfer agent/ recordkeeping services will vary depending on the share class selected and the entity receiving the payments. The table below shows the maximum payments to entities providing these services to retirement plans.

	Payments to affiliated entities	Payments to unaffiliated entities
Class A	.05% of assets or $12 per participant position1	.05% of assets or $12 per participant position1
Class R-1	.10% of assets	.10% of assets
Class R-2	.15% of assets plus $27 per participant position2 or .35% of assets3	.25% of assets
Class R-3	.10% of assets plus $12 per participant position2 or .19% of assets3	.15% of assets
Class R-4	.10% of assets	.10% of assets
Class R-5	.05% of assets	.05% of assets
Class R-6	none	none

1	Payment amount depends on the date upon which services commenced.

2	Payment with respect to Recordkeeper Direct program.

3	Payment with respect to PlanPremier program.

Page 27

Financial highlights

The Financial Highlights table is intended to help you understand the fund’s results for the past five fiscal years. Certain information reflects financial results for a single share of a particular class. The total returns in the table represent the rate that an investor would have earned or lost on an investment in the fund (assuming reinvestment of all dividends and capital gain distributions). Where indicated, figures in the table reflect the impact, if any, of certain reimbursements/waivers from Capital Research and Management Company. For more information about these reimbursements/waivers, see the fund’s statement of additional information and annual report. The information in the Financial Highlights table has been audited by PricewaterhouseCoopers LLP, whose report, along with the fund’s financial statements, is included in the statement of additional information, which is available upon request.

		Income (loss) from investment operations1			Dividends and distributions
	Net asset value, beginning of period	Net investment income2	Net gains (losses) on securities (both realized and unrealized)	Total from investment operations	Dividends (from net investment income)	Distributions (from capital gains)	Total dividends and distributions	Net asset value, end of period	Total return3,4	Net assets, end of period (in millions)	Ratio of expenses to average net assets before reim- bursements/ waivers	Ratio of expenses to average net assets after reim- bursements/ waivers4	Ratio of net income to average net assets2,4
Class A:
Year ended 9/30/2010	$24.63	$.29	$1.93	$2.22	$(.31)	$ —	$(.31)	$26.54	9.05%	$31,425	.79%	.79%	1.14%
Year ended 9/30/2009	26.30	.31	.15	.46	(.55)	(1.58)	(2.13)	24.63	4.66	31,925	.85	.84	1.54
Year ended 9/30/2008	36.83	.69	(8.27)	(7.58)	(.68)	(2.27)	(2.95)	26.30	(22.51)	36,398	.75	.71	2.14
Year ended 9/30/2007	31.73	.48	7.18	7.66	(.50)	(2.06)	(2.56)	36.83	25.46	49,213	.74	.70	1.44
Year ended 9/30/2006	29.53	.49	3.93	4.42	(.40)	(1.82)	(2.22)	31.73	15.80	40,517	.75	.71	1.63
Class R-1:
Year ended 9/30/2010	23.87	.09	1.87	1.96	(.17)	—	(.17)	25.66	8.24	69	1.58	1.58	.39
Year ended 9/30/2009	25.51	.15	.15	.30	(.36)	(1.58)	(1.94)	23.87	3.84	53	1.61	1.60	.78
Year ended 9/30/2008	35.83	.42	(8.04)	(7.62)	(.43)	(2.27)	(2.70)	25.51	(23.12)	44	1.54	1.50	1.35
Year ended 9/30/2007	31.00	.22	6.98	7.20	(.31)	(2.06)	(2.37)	35.83	24.45	49	1.58	1.54	.66
Year ended 9/30/2006	28.95	.25	3.85	4.10	(.23)	(1.82)	(2.05)	31.00	14.89	29	1.59	1.55	.85
Class R-2:
Year ended 9/30/2010	23.97	.08	1.88	1.96	(.14)	—	(.14)	25.79	8.20	563	1.61	1.61	.33
Year ended 9/30/2009	25.58	.13	.17	.30	(.33)	(1.58)	(1.91)	23.97	3.77	544	1.71	1.70	.68
Year ended 9/30/2008	35.93	.41	(8.09)	(7.68)	(.40)	(2.27)	(2.67)	25.58	(23.19)	507	1.59	1.55	1.30
Year ended 9/30/2007	31.05	.21	7.00	7.21	(.27)	(2.06)	(2.33)	35.93	24.45	644	1.60	1.53	.63
Year ended 9/30/2006	28.98	.24	3.85	4.09	(.20)	(1.82)	(2.02)	31.05	14.83	465	1.67	1.54	.82

Page 28

		Income (loss) from investment operations1			Dividends and distributions
	Net asset value, beginning of period	Net investment income2	Net gains (losses) on securities (both realized and unrealized)	Total from investment operations	Dividends (from net investment income)	Distributions (from capital gains)	Total dividends and distributions	Net asset value, end of period	Total return3,4	Net assets, end of period (in millions)	Ratio of expenses to average net assets before reim- bursements/ waivers	Ratio of expenses to average net assets after reim- bursements/ waivers4	Ratio of net income to average net assets2,4
Class R-3:
Year ended 9/30/2010	24.23	.20	1.90	2.10	(.25)	—	(.25)	26.08	8.71	1,159	1.12	1.12	.82
Year ended 9/30/2009	25.88	.25	.15	.40	(.47)	(1.58)	(2.05)	24.23	4.36	1,095	1.15	1.14	1.25
Year ended 9/30/2008	36.30	.57	(8.16)	(7.59)	(.56)	(2.27)	(2.83)	25.88	(22.79)	1,005	1.09	1.05	1.79
Year ended 9/30/2007	31.33	.36	7.07	7.43	(.40)	(2.06)	(2.46)	36.30	25.03	1,245	1.10	1.06	1.11
Year ended 9/30/2006	29.20	.39	3.88	4.27	(.32)	(1.82)	(2.14)	31.33	15.36	890	1.10	1.06	1.29
Class R-4:
Year ended 9/30/2010	24.43	.28	1.91	2.19	(.32)	—	(.32)	26.30	9.01	1,040	.81	.81	1.12
Year ended 9/30/2009	26.12	.31	.14	.45	(.56)	(1.58)	(2.14)	24.43	4.68	905	.83	.82	1.54
Year ended 9/30/2008	36.59	.67	(8.21)	(7.54)	(.66)	(2.27)	(2.93)	26.12	(22.53)	699	.79	.75	2.09
Year ended 9/30/2007	31.54	.46	7.13	7.59	(.48)	(2.06)	(2.54)	36.59	25.40	757	.81	.77	1.36
Year ended 9/30/2006	29.37	.48	3.91	4.39	(.40)	(1.82)	(2.22)	31.54	15.76	683	.79	.75	1.60
Class R-5:
Year ended 9/30/2010	24.66	.32	1.97	2.29	(.38)	—	(.38)	26.57	9.34	1,241	.51	.51	1.29
Year ended 9/30/2009	26.36	.38	.14	.52	(.64)	(1.58)	(2.22)	24.66	5.00	2,386	.53	.52	1.87
Year ended 9/30/2008	36.90	.77	(8.28)	(7.51)	(.76)	(2.27)	(3.03)	26.36	(22.30)	2,462	.49	.46	2.38
Year ended 9/30/2007	31.79	.56	7.18	7.74	(.57)	(2.06)	(2.63)	36.90	25.77	2,920	.51	.47	1.68
Year ended 9/30/2006	29.58	.57	3.93	4.50	(.47)	(1.82)	(2.29)	31.79	16.06	1,918	.51	.47	1.88
Class R-6
Year ended 9/30/2010	24.67	.41	1.89	2.30	(.36)	—	(.36)	26.61	9.40	2,437	.46	.46	1.63
Period from 5/1/2009 to 9/30/20095	19.28	.17	5.22	5.39	—	—	—	24.67	27.96	450	.21	.21	.76

	Year ended September 30
	2010	2009	2008	2007	2006
Portfolio turnover rate for all classes of shares	24%	32%	42%	30%	32%

1	Based on average shares outstanding.

For the year ended September 30, 2008, this column reflects the impact of corporate action events that resulted in a one-time increase to net investment income. If the corporate action events had not occurred, the Class A net investment income per share and ratio of net income to average net assets would have been lower by $0.13 and 0.41%, respectively. The impact to the other share classes would have been similar.

3	Total returns exclude any applicable sales charges.

This column reflects the impact, if any, of certain reimbursements/waivers from Capital Research and Management Company. During some of the periods shown, Capital Research and Management Company reduced fees for investment advisory services. In addition, during some of the periods shown, Capital Research and Management Company paid a portion of the fund’s transfer agent fees for certain retirement plan share classes.

5	Based on operations for the period shown and, accordingly, may not be representative of a full year.

Page 29


	For shareholder services	American Funds Service Company 800/421-0180
	For retirement plan services	Call your employer or plan administrator
	For 24-hour information	americanfunds.com For Class R share information, visit AmericanFundsRetirement.com
	Telephone calls you have with American Funds may be monitored or recorded for quality assurance, verification and recordkeeping purposes. By speaking to American Funds on the telephone, you consent to such monitoring and recording.

Multiple translations This prospectus may be translated into other languages. If there is any inconsistency or ambiguity in the meaning of any translated word or phrase, the English text will prevail.

Annual/Semi-annual report to shareholders The shareholder reports contain additional information about the fund, including financial statements, investment results, portfolio holdings, a discussion of market conditions and the fund’s investment strategies and the independent registered public accounting firm’s report (in the annual report).

Statement of additional information (SAI) and codes of ethics The current SAI, as amended from time to time, contains more detailed information about the fund, including the fund’s financial statements, and is incorporated by reference into this prospectus. This means that the current SAI, for legal purposes, is part of this prospectus. The codes of ethics describe the personal investing policies adopted by the fund, the fund’s investment adviser and its affiliated companies.

The codes of ethics and current SAI are on file with the U.S. Securities and Exchange Commission (SEC). These and other related materials about the fund are available for review or to be copied at the SEC’s Public Reference Room in Washington, D.C. (202/551-8090), on the EDGAR database on the SEC’s website at sec.gov or, after payment of a duplicating fee, via e-mail request to publicinfo@sec.gov or by writing to the SEC’s Public Reference Section, 100 F Street, NE, Washington, D.C. 20549-1520. The codes of ethics, current SAI and shareholder reports are also available, free of charge, on our website, americanfunds.com.

E-delivery and household mailings Each year you are automatically sent an updated summary prospectus and annual and semi-annual reports for the fund. You may also occasionally receive proxy statements for the fund. In order to reduce the volume of mail you receive, when possible, only one copy of these documents will be sent to shareholders who are part of the same family and share the same household address. You may elect to receive these documents electronically in lieu of paper form by enrolling in e-delivery on our website, americanfunds.com.

If you would like to opt out of household-based mailings or receive a complimentary copy of the current SAI, codes of ethics or annual/semi-annual report to shareholders, please call American Funds Service Company at 800/421-0180 or write to the secretary of the fund at 333 South Hope Street, Los Angeles, California 90071-1406.

Securities Investor Protection Corporation (SIPC) Shareholders may obtain information about SIPC® on its website at sipc.org or by calling 202/371-8300.

RPGEPR-907-1210P Litho in USA CGD/RRD/8040

Investment Company File No. 811-02333

The Capital Group Companies

American Funds

Capital Research and Management

Capital International

Capital Guardian

Capital Bank and Trust

New Perspective Fund®

Investment portfolio

September 30, 2010

Common stocks — 93.53%	Shares			Value (000)

INFORMATION TECHNOLOGY — 16.54%
Google Inc., Class A1		1,284,000		$	675,114
Oracle Corp.		24,513,200			658,179
Microsoft Corp.		26,569,600			650,689
EMC Corp.1		29,875,000			606,761
Texas Instruments Inc.		18,219,000			494,464
Cisco Systems, Inc.1		20,455,100			447,967
Apple Inc.1		1,421,500			403,351
Samsung Electronics Co. Ltd.2		524,400			357,356
Yahoo! Inc.1		23,279,000			329,863
Corning Inc.		13,500,000			246,780
ASML Holding NV2		5,434,444			162,948
ASML Holding NV (New York registered)		2,736,000			81,341
Canon, Inc.2		5,105,000			238,715
International Business Machines Corp.		1,500,000			201,210
Taiwan Semiconductor Manufacturing Co. Ltd.2		84,263,224			167,162
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR)		3,090,348			31,336
Nintendo Co., Ltd.2		725,000			181,188
Juniper Networks, Inc.1		5,000,000			151,750
First Solar, Inc.1		870,000			128,194
SAP AG2		2,408,000			119,283
HTC Corp.2		5,242,309			118,910
Intel Corp.		6,000,000			115,380
Visa Inc., Class A		1,362,000			101,142
Xilinx, Inc.		3,600,000			95,796
MediaTek Inc.2		5,510,999			77,496
Hon Hai Precision Industry Co., Ltd.2		20,160,000			75,764
Murata Manufacturing Co., Ltd.2		1,300,000			68,533
KLA-Tencor Corp.		1,704,997			60,067
Tyco Electronics Ltd.		1,153,125			33,694
					7,080,433

FINANCIALS — 11.79%
UBS AG1,2		32,595,539			554,416
JPMorgan Chase & Co.		9,775,000			372,134
ACE Ltd.		6,354,000			370,120
ICICI Bank Ltd.2		11,990,000			296,633
Prudential PLC2		29,450,716			294,764
Bank of Nova Scotia		5,320,000			283,968
Allianz SE2		1,933,000			218,219
CapitaMalls Asia Ltd.2		131,600,000			216,582
Bank of China Ltd., Class H2		408,115,000			213,659
Citigroup Inc.1		54,450,000			212,355
American Express Co.		5,000,000			210,150
Moody’s Corp.		7,600,100			189,851
HSBC Holdings PLC (United Kingdom)2		16,569,796			167,803
AXA SA2		8,851,207			155,418
Banco Santander, SA2		10,959,233			138,850
Northern Trust Corp.		2,687,500			129,645
Morgan Stanley		5,000,000			123,400
Standard Chartered PLC2		3,426,305			98,456
Nomura Holdings, Inc.2		19,000,000			92,136
DnB NOR ASA2		6,735,174			91,826
Bank of America Corp.		7,000,000			91,770
XL Group PLC		4,227,000			91,557
Macquarie Group Ltd.2		2,580,000			90,647
ING Groep NV, depository receipts1,2		8,671,773			89,559
Tokio Marine Holdings, Inc.2		2,900,000			78,390
BNP Paribas SA2		988,431			70,635
Royal Bank of Scotland Group PLC1,2		67,452,000			50,151
Goldman Sachs Group, Inc.		195,000			28,193
QBE Insurance Group Ltd.2		809,331			13,502
Berkshire Hathaway Inc., Class A1		95			11,827
					5,046,616


HEALTH CARE — 11.71%
Novo Nordisk A/S, Class B2		14,153,600			1,400,910
Bayer AG2		7,717,360			538,902
Novartis AG2		7,179,445			413,708
Merck & Co., Inc.		8,027,573			295,495
Hospira, Inc.1		5,102,000			290,865
CSL Ltd.2		7,890,998			252,079
Smith & Nephew PLC2		25,605,330			233,609
Roche Holding AG2		1,546,500			211,159
Stryker Corp.		3,817,000			191,041
Baxter International Inc.		3,565,000			170,086
UCB SA2		4,860,631			168,598
AstraZeneca PLC (United Kingdom)2		2,680,000			136,065
Sonic Healthcare Ltd.2		11,350,000			120,833
Pfizer Inc		5,985,000			102,762
Mindray Medical International Ltd., Class A (ADR)		3,448,000			101,957
St. Jude Medical, Inc.1		1,700,000			66,878
Human Genome Sciences, Inc.1		2,000,000			59,580
Edwards Lifesciences Corp.1		806,600			54,083
Covance Inc.1		1,150,000			53,808
Allergan, Inc.		800,000			53,224
Intuitive Surgical, Inc.1		175,000			49,655
Amgen Inc.1		545,000			30,035
Pharmaceutical Product Development, Inc.		587,800			14,572
					5,009,904

CONSUMER DISCRETIONARY — 10.48%
Honda Motor Co., Ltd.2		18,027,500			641,274
Amazon.com, Inc.1		3,772,000			592,430
Naspers Ltd., Class N2		7,775,100			379,923
Home Depot, Inc.		10,400,000			329,472
Sony Corp.2		9,325,000			288,431
McDonald’s Corp.		3,470,000			258,550
adidas AG, non-registered shares2		4,085,478			253,220
Toyota Motor Corp.2		6,390,000			229,034
H & M Hennes & Mauritz AB, Class B2		6,130,000			221,947
Burberry Group PLC2		12,875,000			210,500
Ford Motor Co.1		11,250,000			137,700
Starbucks Corp.		5,000,000			127,900
Industria de Diseño Textil, SA2		1,565,000			124,229
Nikon Corp.2		6,097,700			113,478
Time Warner Inc.		3,700,000			113,405
Daimler AG1,2		1,380,000			87,554
Swatch Group Ltd, non-registered shares2		186,118			70,151
Swatch Group Ltd2		245,770			16,994
Carnival Corp., units		2,000,000			76,420
Suzuki Motor Corp.2		3,360,000			70,677
Esprit Holdings Ltd.2		11,202,586			60,384
Harman International Industries, Inc.1		1,510,000			50,449
News Corp., Class A		2,420,000			31,605
					4,485,727

CONSUMER STAPLES — 10.48%
Anheuser-Busch InBev NV2		12,861,300			755,601
Pernod Ricard SA2		5,602,420			468,699
British American Tobacco PLC2		10,962,500			409,576
SABMiller PLC2		11,303,008			361,637
Nestlé SA2		6,380,000			340,030
Unilever NV, depository receipts2		10,075,000			301,862
Coca-Cola Co.		3,500,000			204,820
Philip Morris International Inc.		3,640,000			203,913
Tesco PLC2		29,845,526			198,890
PepsiCo, Inc.		2,395,000			159,124
Colgate-Palmolive Co.		1,915,000			147,187
Avon Products, Inc.		4,240,000			136,146
Wilmar International Ltd.2		27,300,000			124,673
Procter & Gamble Co.		1,900,000			113,943
Shoprite Holdings Ltd.2		7,796,928			110,440
Coca-Cola Amatil Ltd.2		9,500,875			110,085
Wal-Mart de México, SAB de CV, Series V		31,019,984			77,737
Wal-Mart de México, SAB de CV, Series V (ADR)		500,000			12,610
Beiersdorf AG2		1,057,370			64,902
Danone SA2		1,043,800			62,509
Coca-Cola Hellenic Bottling Co. SA2		2,006,000			52,830
Associated British Foods PLC2		2,975,000			49,049
Japan Tobacco Inc.2		5,262			17,548
					4,483,811

MATERIALS — 8.98%
Newmont Mining Corp.		12,750,000			800,827
Barrick Gold Corp.		13,995,322			647,843
Gold Fields Ltd.2		17,000,000			258,751
Holcim Ltd2		3,878,793			249,351
Linde AG2		1,757,400			229,241
Syngenta AG2		921,525			229,160
Potash Corp. of Saskatchewan Inc.		1,260,900			181,620
BASF SE2		1,500,000			94,769
FMC Corp.		1,373,000			93,927
Dow Chemical Co.		3,405,000			93,501
United States Steel Corp.		2,000,000			87,680
Impala Platinum Holdings Ltd.2		3,320,400			85,650
Alcoa Inc.		6,820,800			82,600
Akzo Nobel NV2		1,325,000			81,972
Ecolab Inc.		1,600,000			81,184
Newcrest Mining Ltd.2		2,000,000			76,687
Rio Tinto PLC2		1,303,969			76,568
BHP Billiton Ltd.2		2,000,000			76,254
First Quantum Minerals Ltd.		947,300			72,044
Xstrata PLC2		3,329,077			63,928
Monsanto Co.		1,300,000			62,309
Nitto Denko Corp.2		1,400,000			54,907
Weyerhaeuser Co.		3,176,430			50,061
CRH PLC2		812,000			13,384
					3,844,218

INDUSTRIALS — 8.72%
Schneider Electric SA2		4,364,934			554,604
United Technologies Corp.		4,630,000			329,795
Delta Air Lines, Inc.1		23,000,000			267,720
Vestas Wind Systems A/S1,2		5,966,472			224,595
Ryanair Holdings PLC (ADR)1		7,270,803			224,013
FANUC LTD2		1,557,700			197,562
UAL Corp.1		6,420,000			151,705
General Electric Co.		9,000,000			146,250
Geberit AG2		797,000			142,052
Marubeni Corp.2		24,285,000			137,638
Siemens AG2		1,237,100			130,843
AMR Corp.1,3		20,000,000			125,400
Michael Page International PLC2,3		16,800,000			121,673
European Aeronautic Defence and Space Co. EADS NV1,2		4,500,000			112,533
Deere & Co.		1,500,000			104,670
Tyco International Ltd.		2,678,125			98,367
Canadian Pacific Railway Ltd.		1,600,000			97,751
United Parcel Service, Inc., Class B		1,424,017			94,968
Precision Castparts Corp.		600,000			76,410
Komatsu Ltd.2		3,258,000			75,853
Finmeccanica SpA2		6,131,503			72,887
Orkla AS2		7,650,000			70,553
Vallourec SA2		698,000			69,457
Honeywell International Inc.		1,500,000			65,910
Emerson Electric Co.		629,900			33,170
JGC Corp.2		437,000			7,605
					3,733,984

ENERGY — 6.06%
Petróleo Brasileiro SA – Petrobras, ordinary nominative (ADR)		8,180,000			296,689
Petróleo Brasileiro SA – Petrobras, preferred nominative (ADR)		983,150			32,267
Canadian Natural Resources, Ltd.		9,270,000			320,652
TOTAL SA2		4,600,000			237,265
Royal Dutch Shell PLC, Class A (ADR)		1,850,000			111,555
Royal Dutch Shell PLC, Class B2		2,585,998			75,492
Saipem SpA, Class S2		3,935,000			157,976
Tenaris SA (ADR)		3,925,218			150,807
Cenovus Energy Inc.		4,850,000			139,480
Oil Search Ltd.2		21,600,000			128,555
Schlumberger Ltd.		2,038,000			125,561
Occidental Petroleum Corp.		1,500,000			117,450
Transocean Ltd.1		1,605,000			103,185
INPEX CORP.2		21,665			101,998
Reliance Industries Ltd.2		4,430,000			97,367
OAO Gazprom (ADR)2		4,331,500			91,146
Baker Hughes Inc.		2,000,000			85,200
FMC Technologies, Inc.1		1,000,000			68,290
Imperial Oil Ltd.		1,700,000			64,421
Eni SpA2		2,500,000			53,974
Chevron Corp.		400,000			32,420
					2,591,750

TELECOMMUNICATION SERVICES — 3.67%
América Móvil, SAB de CV, Series L (ADR)		9,191,948			490,207
América Móvil, SAB de CV, Series L		35,910,000			95,662
SOFTBANK CORP.2		9,398,600			307,991
Telefónica, SA2		10,959,500			271,881
Koninklijke KPN NV2		17,539,350			271,511
Vodafone Group PLC2		41,775,000			103,413
AT&T Inc.		990,000			28,314
					1,568,979

UTILITIES — 1.35%
GDF SUEZ2		9,418,588			338,227
SUEZ Environnement Co.2		8,101,958			149,943
CLP Holdings Ltd.2		11,260,000			89,905
					578,075

MISCELLANEOUS — 3.75%
Other common stocks in initial period of acquisition					1,603,662


Total common stocks (cost: $30,256,989,000)					40,027,159



	Principal amount
Short-term securities — 6.20%		(000	)

Freddie Mac 0.18%–0.34% due 10/5/2010–5/25/2011	$	1,017,170			1,016,547
Fannie Mae 0.23%–0.51% due 12/22/2010–5/2/2011		329,200			328,912
Straight-A Funding LLC 0.24%–0.35% due 10/15–12/7/20104		273,046			272,940
Bank of Nova Scotia 0.22%–0.25% due 10/13/2010–1/3/2011		196,100			196,030
National Australia Funding (Delaware) Inc. 0.25%–0.255% due 1/18–1/19/20114		110,500			110,425
International Bank for Reconstruction and Development 0.19% due 1/7/2011		89,500			89,453
Novartis Securities Investment Ltd. 0.21%–0.24% due 10/20–12/14/20104		82,200			82,173
Commonwealth Bank of Australia 0.25% due 1/14/20114		78,700			78,637
Federal Home Loan Bank 0.18%–0.19% due 10/22–12/27/2010		61,500			61,481
Procter & Gamble Co. 0.26% due 12/2/20104		49,600			49,582
Wal-Mart Stores Inc. 0.21% due 11/9/20104		40,000			39,991
Bank of America Corp. 0.24% due 11/16/2010		40,000			39,987
Canada Bill 0.20% due 11/19/2010		36,300			36,289
Variable Funding Capital Company LLC 0.24% due 11/29/20104		35,100			35,084
Shell International Finance BV 0.20% due 10/14/20104		32,000			31,998
Canadian Imperial Holdings Inc. 0.24% due 11/10/2010		29,600			29,590
Nestlé Capital Corp. 0.21% due 10/12/20104		28,800			28,798
Jupiter Securitization Co., LLC 0.26% due 10/18/20104		28,700			28,696
Québec (Province of) 0.33% due 11/15/20104		26,600			26,591
American Honda Finance Corp. 0.21% due 11/3/2010		25,900			25,895
Toronto-Dominion Holdings USA Inc. 0.22% due 10/29/20104		24,400			24,395
Rabobank USA Financial Corp. 0.23% due 10/26/2010		21,250			21,247


Total short-term securities (cost: $2,654,397,000)					2,654,741

Total investment securities (cost: $32,911,386,000)					42,681,900
Other assets less liabilities					116,981

Net assets				$	42,798,881

“Miscellaneous” securities include holdings in their initial period of acquisition that have not previously been publicly disclosed.

1Security did not produce income during the last 12 months.

2Valued under fair value procedures adopted by authority of the board of directors. The total value of all such securities, including those in “Miscellaneous,” was $21,021,945,000, which represented 49.12% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading.

3Represents an affiliated company as defined under the Investment Company Act of 1940.

4Acquired in a transaction exempt from registration under the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $809,310,000, which represented 1.89% of the net assets of the fund.

Key to abbreviation

ADR = American Depositary Receipts

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

Investors should carefully consider the investment objectives, risks, charges and expenses of the American Funds. This and other important information is contained in the fund’s summary prospectus and prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at 800/421-0180 or visit the American Funds website at americanfunds.com.

MFGEFP-907-1110O-S25531

Investment portfolio, September 30, 2010

The following summary investment portfolio is designed to streamline the report and help investors better focus on a fund’s principal holdings. See the inside back cover for details on how to obtain a complete schedule of portfolio holdings.

[begin pie chart]

Industry sector diversification	Percent of net assets
Information technology		16.54	%
Financials		11.79
Health care		11.71
Consumer discretionary		10.48
Consumer staples		10.48
Other industries		32.53
Short-term securities & other assets less liabilities		6.47

[end pie chart]

Country diversification (percent of net assets)
United States	35.9	%
Euro zone*	17.1
Japan	6.9
United Kingdom	6.8
Switzerland	5.2
Canada	4.5
Denmark	3.8
Australia	2.5
South Africa	2.0
Other countries	8.8
Short-term securities & other assets less liabilities	6.5
	100.0

*Countries using the euro as a common currency; those represented in the fund's portfolio are Belgium, France, Germany, Greece, Ireland, Italy, the Netherlands and Spain.

							Percent
				Value			of net
Common stocks - 93.53%	Shares				(000	)	assets

Information technology - 16.54%
Google Inc., Class A (1)		1,284,000		$	675,114			1.58	%
One of the most frequently used website search engines in the world.
Oracle Corp.		24,513,200			658,179			1.54
Major supplier of database management software. Also develops business applications and provides consulting and support.
Microsoft Corp.		26,569,600			650,689			1.52
A world leader in software and Internet technologies. Its products include the Windows operating system and Office software.
EMC Corp. (1)		29,875,000			606,761			1.42
A leading maker of computer memory storage and retrieval products.
Texas Instruments Inc.		18,219,000			494,464			1.15
Global maker of semiconductors and a leading producer of digital signal processors.
Cisco Systems, Inc. (1)		20,455,100			447,967			1.05
The leading maker of equipment used in Internet networking.
Apple Inc. (1)		1,421,500			403,351			.94
Manufacturer of personal computers and various software products, as well as portable media players, browsers and smartphones.
Samsung Electronics Co. Ltd. (2)		524,400			357,356			.83
Korea's top electronics manufacturer and a global leader in semiconductor production.
Yahoo! Inc. (1)		23,279,000			329,863			.77
One of the three largest Internet portals, offering online media, commerce and communications services to consumers and businesses worldwide.
Other securities					2,456,689			5.74
					7,080,433			16.54

Financials - 11.79%
UBS AG (1) (2)		32,595,539			554,416			1.30
One of the world's largest financial services companies, providing wealth management, investment banking and asset management.
JPMorgan Chase & Co.		9,775,000			372,134			.87
Leading global financial services firm operating in the investment banking, transaction processing, asset and wealth management, and private equity sectors.
ACE Ltd.		6,354,000			370,120			.86
Global provider of property and casualty insurance and reinsurance products.
ICICI Bank Ltd. (2)		11,990,000			296,633			.69
One of India's fastest growing private banks, offering banking services through traditional and electronic channels.
Prudential PLC (2)		29,450,716			294,764			.69
Major life insurance and pension provider with operations in the U.S., U.K. and Asia-Pacific region.
Bank of Nova Scotia		5,320,000			283,968			.66
This major bank provides financial services to Canadian and international clients.
Other securities					2,874,581			6.72
					5,046,616			11.79

Health care - 11.71%
Novo Nordisk A/S, Class B (2)		14,153,600			1,400,910			3.27
A global leader in drugs to treat diabetes.
Bayer AG (2)		7,717,360			538,902			1.26
Makes pharmaceuticals and over-the-counter medicines, and develops medical diagnostic equipment.
Novartis AG (2)		7,179,445			413,708			.97
One of the world's largest pharmaceutical companies.
Merck & Co., Inc.		8,027,573			295,495			.69
Among the world's largest pharmaceutical companies, and a leader in cardiovascular medicine.
Hospira, Inc. (1)		5,102,000			290,865			.68
Makes pharmaceuticals and drug-delivery systems, such as prefilled syringes, for use in hospitals.
CSL Ltd. (2)		7,890,998			252,079			.59
Develops pharmaceuticals, including vaccines and products derived from human plasma.
Other securities					1,817,945			4.25
					5,009,904			11.71

Consumer discretionary - 10.48%
Honda Motor Co., Ltd. (2)		18,027,500			641,274			1.50
Develops, manufactures and sells automobiles, motorcycles and power equipment globally.
Amazon.com, Inc. (1)		3,772,000			592,430			1.39
Major online retailer of books, CDs, DVDs, toys, apparel, home furnishings and other products.
Naspers Ltd., Class N (2)		7,775,100			379,923			.89
Owns operations in pay-TV, Internet services, print media and book publishing.
Home Depot, Inc.		10,400,000			329,472			.77
The world's largest home improvement retailer.
Sony Corp. (2)		9,325,000			288,431			.67
Multimedia company focused on electronics, games, entertainment and financial services.
McDonald's Corp.		3,470,000			258,550			.60
The world's largest fast-food chain, with restaurants throughout the U.S. and around the world.
adidas AG, non-registered shares (2)		4,085,478			253,220			.59
Global manufacturer of sports apparel.
Other securities					1,742,427			4.07
					4,485,727			10.48

Consumer staples - 10.48%
Anheuser-Busch InBev NV (2)		12,861,300			755,601			1.77
One of the world's largest brewers.
Pernod Ricard SA (2)		5,602,420			468,699			1.10
Produces wine, spirits and nonalcoholic beverages.
British American Tobacco PLC (2)		10,962,500			409,576			.96
The world's second-largest tobacco company.
SABMiller PLC (2)		11,303,008			361,637			.84
Major global brewer with interests in over 60 countries. The company is also one of the largest bottlers of Coca-Cola products.
Nestlé SA (2)		6,380,000			340,030			.79
Global packaged food and beverage company based in Switzerland.
Unilever NV, depository receipts (2)		10,075,000			301,862			.71
A global consumer goods company. Its products include Breyer's ice cream, Dove soap and Lipton teas.
Other securities					1,846,406			4.31
					4,483,811			10.48

Materials - 8.98%
Newmont Mining Corp.		12,750,000			800,827			1.87
One of the world's largest gold producers, with international gold and mineral mining operations.
Barrick Gold Corp.		13,995,322			647,843			1.51
Owns and operates gold mines in North and South America, Australia and Africa.
Gold Fields Ltd. (2)		17,000,000			258,751			.61
Among the world's largest gold mining and exploration companies.
Other securities					2,136,797			4.99
					3,844,218			8.98

Industrials - 8.72%
Schneider Electric SA (2)		4,364,934			554,604			1.30
An international supplier of industrial electrical equipment and industrial automation equipment.
United Technologies Corp.		4,630,000			329,795			.77
Among the world's leading producers of elevators, jet engines, helicopters, aerospace systems, security services, and heating and air conditioning systems.
Delta Air Lines, Inc. (1)		23,000,000			267,720			.62
One of the world's largest airlines.
Other securities					2,581,865			6.03
					3,733,984			8.72

Energy - 6.06%
Canadian Natural Resources, Ltd.		9,270,000			320,652			.75
One of Canada's largest oil and natural gas producers.
Petróleo Brasileiro SA - Petrobras, ordinary nominative (ADR)		8,180,000			296,689			.69
One of the world's largest oil companies. Engaged in exploration, production, refining, marketing and chemicals.
Other securities					1,974,409			4.62
					2,591,750			6.06

Telecommunication services - 3.67%
América Móvil, SAB de CV, Series L (ADR)		9,191,948			490,207
América Móvil, SAB de CV, Series L		35,910,000			95,662			1.37
Latin America's largest cellular communications provider.
SOFTBANK CORP. (2)		9,398,600			307,991			.72
Internet and telecommunications conglomerate and distributor of digital media and software.
Telefónica, SA (2)		10,959,500			271,881			.64
One of the premier providers of fixed and mobile telephone and Internet services in Spain and Latin America.
Koninklijke KPN NV (2)		17,539,350			271,511			.63
Global telecommunication services provider based in the Netherlands.
Other securities					131,727			.31
					1,568,979			3.67

Utilities - 1.35%
GDF SUEZ (2)		9,418,588			338,227			.79
Major natural gas and electricity company based in France.
Other securities					239,848			.56
					578,075			1.35

Miscellaneous - 3.75%
Other common stocks in initial period of acquisition					1,603,662			3.75


Total common stocks (cost: $30,256,989,000)					40,027,159			93.53


	Principal						Percent
	amount			Value			of net
Short-term securities - 6.20%		(000	)		(000	)	assets


Freddie Mac 0.18%-0.34% due 10/5/2010-5/25/2011	$	1,017,170		$	1,016,547			2.37
Fannie Mae 0.23%-0.51% due 12/22/2010-5/2/2011		329,200			328,912			.77
Straight-A Funding LLC 0.24%-0.35% due 10/15-12/7/2010 (3)		273,046			272,940			.64
Bank of Nova Scotia 0.22%-0.25% due 10/13/2010-1/3/2011		196,100			196,030			.46
Novartis Securities Investment Ltd. 0.21%-0.24% due 10/20-12/14/2010 (3)		82,200			82,173			.19
American Honda Finance Corp. 0.21% due 11/3/2010		25,900			25,895			.06
Other securities					732,244			1.71
Total short-term securities (cost: $2,654,397,000)					2,654,741			6.20



Total investment securities (cost: $32,911,386,000)					42,681,900			99.73
Other assets less liabilities					116,981			.27
Net assets				$	42,798,881			100.00	%

“Miscellaneous” securities include holdings in their initial period of acquisition that have not previously been publicly disclosed.

“Other securities” includes all issues that are not disclosed separately in the summary investment portfolio.

Investments in affiliates
A company is considered to be an affiliate of the fund under the Investment Company Act of 1940 if the fund's holdings in that company represent 5% or more of the outstanding voting shares. The value of the fund's holdings in affiliated companies is included in "Other securities" under the respective industry sectors in the summary investment portfolio. Further details on these holdings and related transactions during the year ended September 30, 2010, appear below.

	Beginning shares		Additions		Reductions		Ending shares		Dividend income (000)		Value of affiliates at 9/30/10 (000)
AMR Corp. (1) (4)		15,000,000		5,000,000		-		20,000,000	$	-	$	125,400
Michael Page International PLC (2)		16,455,000		345,000		-		16,800,000		2,029		121,673
UAL Corp. (1) (5)		7,320,000		-		900,000		6,420,000		-		-
									$	2,029	$	247,073

The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item. .

(1) Security did not produce income during the last 12 months.

(2) Valued under fair value procedures adopted by authority of the board of directors. The total value of all such securities, including those in “Miscellaneous” and “Other securities,” was $21,021,945,000, which represented 49.12% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading.

(3) Acquired in a transaction exempt from registration under the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities, including those in "Other securities," was $809,310,000, which represented 1.89% of the net assets of the fund.

(4) This security was an unaffiliated issuer in its initial period of acquisition at 9/30/2009; it was not publicly disclosed.

(5) Unaffiliated issuer at 9/30/2010.

The descriptions of the companies shown in the summary investment portfolio, which were obtained from published reports and other sources believed to be reliable, are supplemental and are not covered by the Report of Independent Registered Public Accounting Firm.

Key to abbreviation

ADR = American Depositary Receipts

See Notes to Financial Statements

Financial statements

Statement of assets and liabilities
at September 30, 2010	(dollars in thousands)

Assets:
Investment securities, at value:
Unaffiliated issuers (cost: $32,634,541)	$	42,434,827
Affiliated issuers (cost: $276,845)		247,073	$	42,681,900
Cash denominated in currencies other than U.S. dollars
(cost: $3,122)				3,162
Cash				511
Receivables for:
Sales of investments		176,533
Sales of fund's shares		78,299
Dividends and interest		84,718		339,550
				43,025,123
Liabilities:
Payables for:
Purchases of investments		52,400
Repurchases of fund's shares		118,048
Investment advisory services		13,325
Services provided by affiliates		15,002
Directors' deferred compensation		3,177
Non-U.S. taxes		23,482
Other		808		226,242
Net assets at September 30, 2010			$	42,798,881

Net assets consist of:
Capital paid in on shares of capital stock			$	35,879,273
Undistributed net investment income				368,827
Accumulated net realized loss				(3,198,479	)
Net unrealized appreciation				9,749,260
Net assets at September 30, 2010			$	42,798,881

	(dollars and shares in thousands, except per-share amounts)
Total authorized capital stock - 3,000,000 shares,
$.001 par value (1,616,913 total shares outstanding)
	Net assets		Shares outstanding		Net asset value per share
Class A	$	31,425,275		1,183,894	$	26.54
Class B		769,271		29,563		26.02
Class C		1,403,449		54,486		25.76
Class F-1		1,001,982		37,921		26.42
Class F-2		390,335		14,691		26.57
Class 529-A		911,028		34,580		26.35
Class 529-B		92,407		3,572		25.87
Class 529-C		226,963		8,790		25.82
Class 529-E		50,600		1,938		26.11
Class 529-F-1		20,037		761		26.34
Class R-1		69,086		2,693		25.66
Class R-2		562,981		21,833		25.79
Class R-3		1,159,471		44,457		26.08
Class R-4		1,038,566		39,485		26.30
Class R-5		1,240,711		46,690		26.57
Class R-6		2,436,719		91,559		26.61


See Notes to Financial Statements

Statement of operations
for the year ended September 30, 2010	(dollars in thousands)

Investment income:
Income:
Dividends (net of non-U.S. taxes of $65,600;
also includes $2,029 from affiliates)	$	798,458
Interest		16,916		$	815,374

Fees and expenses*:
Investment advisory services		164,232
Distribution services		117,130
Transfer agent services		44,423
Administrative services		15,559
Reports to shareholders		2,261
Registration statement and prospectus		2,603
Directors' compensation		540
Auditing and legal		220
Custodian		4,413
State and local taxes		467
Other		2,113			353,961
Net investment income					461,413

Net realized gain and unrealized appreciation
on investments and currency:
Net realized gain (loss) on:
Investments (net of non-U.S. taxes of $3,683; also includes $832 net loss from affiliates)		686,664
Currency transactions		(3,579	)		683,085
Net unrealized appreciation on:
Investments (net of non-U.S. taxes of $23,482)		2,445,593
Currency translations		219			2,445,812
Net realized gain and unrealized appreciation
on investments and currency					3,128,897
Net increase in net assets resulting
from operations				$	3,590,310

(*) Additional information related to class-specific fees and expenses is included in the Notes to Financial Statements.

See Notes to Financial Statements




Statements of changes in net assets		(dollars in thousands)
	Year ended September 30
		2010			2009
Operations:
Net investment income	$	461,413		$	519,476
Net realized gain (loss) on investments and currency transactions		683,085			(3,824,106	)
Net unrealized appreciation on investments and currency translations		2,445,812			3,795,684
Net increase in net assets resulting from operations		3,590,310			491,054

Dividends and distributions paid to shareholders from net investment income:
Dividends from net investment income		(502,403	)		(877,565	)
Distributions from net realized gain on investments		-			(2,599,440	)
Total dividends and distributions paid to shareholders		(502,403	)		(3,477,005	)

Net capital share transactions		(2,411,086	)		(1,070,532	)

Total increase (decrease) in net assets		676,821			(4,056,483	)

Net assets:
Beginning of year		42,122,060			46,178,543
End of year (including undistributed
net investment income: $368,827 and $404,620, respectively)	$	42,798,881		$	42,122,060


See Notes to Financial Statements

Notes to financial statements

1.	Organization

New Perspective Fund, Inc. (the “fund”) is registered under the Investment Company Act of 1940 as an open-end, diversified management investment company. The fund’s primary investment objective is to provide long-term growth of capital. Future income is a secondary objective.

On November 24, 2009, shareholders approved a proposal to reorganize the fund from a Maryland corporation to a Delaware statutory trust. The reorganization may be completed in 2011; however, the fund reserves the right to delay the implementation. Shareholders also approved amendments to the fund’s Investment Advisory and Service Agreement and amendments to and elimination of certain fundamental investment policies of the fund.

The fund has 16 share classes consisting of five retail share classes, five 529 college savings plan share classes and six retirement plan share classes. The 529 college savings plan share classes (529-A, 529-B, 529-C, 529-E and 529-F-1) can be used to save for college education. The six retirement plan share classes (R-1, R-2, R-3, R-4, R-5 and R-6) are generally offered only through eligible employer-sponsored retirement plans. The fund’s share classes are described below:

Share class	Initial sales charge	Contingent deferred sales charge upon redemption	Conversion feature
Classes A and 529-A	Up to 5.75%	None (except 1% for certain redemptions within one year of purchase without an initial sales charge)	None
Classes B and 529-B*	None	Declines from 5% to 0% for redemptions within six years of purchase	Classes B and 529-B convert to Classes A and 529-A, respectively, after eight years
Class C	None	1% for redemptions within one year of purchase	Class C converts to Class F-1 after 10 years
Class 529-C	None	1% for redemptions within one year of purchase	None
Class 529-E	None	None	None
Classes F-1, F-2 and 529-F-1	None	None	None
Classes R-1, R-2, R-3, R-4, R-5 and R-6	None	None	None

*Class B and 529-B shares of the fund are not available for purchase.

Holders of all share classes have equal pro rata rights to assets, dividends and liquidation proceeds. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses ("class-specific fees and expenses"), primarily due to different arrangements for distribution, administrative and shareholder services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each class.

2.	Significant accounting policies

The financial statements have been prepared to comply with accounting principles generally accepted in the United States of America. These principles require management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. The fund follows the significant accounting policies described below, as well as the valuation policies described in the next section on valuation.

Security transactions and related investment income – Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.

Class allocations – Income, fees and expenses (other than class-specific fees and expenses) and realized and unrealized gains and losses are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, administrative and shareholder services, are charged directly to the respective share class.

Dividends and distributions to shareholders –Dividends and distributions paid to shareholders are recorded on the ex-dividend date.

Currency translation – Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates in effect on the valuation date. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. On the accompanying financial statements, the effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.

Valuation

The fund’s investments are reported at fair value as defined by accounting principles generally accepted in the United States of America. The fund generally determines its net asset value as of approximately 4:00 p.m. New York time each day the New York Stock Exchange is open.

Methods and inputs – The fund uses the following methods and inputs to establish the fair value of its assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market in which the security trades.

Fixed-income securities, including short-term securities purchased with more than 60 days left to maturity, are generally valued at prices obtained as of approximately 3:00 p.m. New York time from one or more pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

Fixed-income class	Examples of standard inputs
All	Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”)
Corporate bonds & notes; convertible securities	Standard inputs and underlying equity of the issuer
Bonds & notes of governments & government agencies	Standard inputs and interest rate volatilities

Where the investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or not deemed to be representative), fixed-income securities will be valued in good faith at the mean quoted bid and asked prices that are reasonably and timely available (or bid prices, if asked prices are not available) or at prices for securities of comparable maturity, quality and type.

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described above for either equity or fixed-income securities, depending on which method is deemed most appropriate by the investment adviser. Short-term securities purchased within 60 days to maturity are valued at amortized cost, which approximates fair value. The value of short-term securities originally purchased with maturities greater than 60 days is determined based on an amortized value to par when they reach 60 days.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the investment adviser are fair valued as determined in good faith under guidelines adopted by authority of the fund's board of directors. Market quotations may be considered unreliable if events occur that materially affect the value of securities (particularly equity securities trading outside the U.S.) between the close of trading in those securities and the close of regular trading on the New York Stock Exchange. Various inputs may be reviewed in order to make a good faith determination of a security’s fair value. These inputs include, but are not limited to, the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

Classifications - The fund classifies its assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Level 3 values are based on significant unobservable inputs that reflect the fund’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The table on the following page presents the fund’s valuation levels as of September 30, 2010 (dollars in thousands):

Investment securities:	Level 1		Level 2			Level 3		Total
Common stocks:
Information technology	$	5,513,078	$	1,567,355	*	$	-	$	7,080,433
Financials		2,114,970		2,931,646	*		-		5,046,616
Health care		1,534,041		3,475,863	*		-		5,009,904
Consumer discretionary		1,717,931		2,767,796	*		-		4,485,727
Consumer staples		1,055,480		3,428,331	*		-		4,483,811
Materials		2,253,596		1,590,622	*		-		3,844,218
Industrials		1,816,129		1,917,855	*		-		3,733,984
Energy		1,647,977		943,773	*		-		2,591,750
Telecommunication services		614,183		954,796	*		-		1,568,979
Utilities		-		578,075	*		-		578,075
Miscellaneous		737,829		865,833	*		-		1,603,662
Short-term securities		-		2,654,741			-		2,654,741
Total	$	19,005,214	$	23,676,686		$	-	$	42,681,900

(*) Includes certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading; therefore, $21,021,945,000 of investment securities were classified as Level 2 instead of Level 1.

4.	Risk factors

Investing in the fund may involve certain risks including, but not limited to, those described below.

Investing in growth-oriented stocks — Growth-oriented stocks and other equity-type securities may involve larger price swings and greater potential for loss than other types of investments.

Investing outside the U.S. — Securities of issuers domiciled outside the U.S., or with significant operations outside the U.S., may lose value because of political, social or economic developments in the country or region in which the issuer operates. These securities may also lose value due to changes in the exchange rate of the country’s currency against the U.S. dollar. Securities markets in certain countries may be more volatile and/or less liquid than those in the U.S. Investments outside the U.S. may also be subject to different settlement and accounting practices and different regulatory, legal and reporting standards than those in the U.S. The risks of investing outside the U.S. may be heightened in connection with investments in developing countries.

5. Taxation and distributions

Federal income taxation – The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to mutual funds and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.

As of and during the period ended September 30, 2010, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the period, the fund did not incur any interest or penalties.

The fund is not subject to examination by U.S. federal tax authorities for tax years before 2006 and by state tax authorities and tax authorities outside the U.S. for tax years before 2005.

Non-U.S. taxation – Dividend and interest income is recorded net of non-U.S. taxes paid. Gains realized by the fund on the sale of securities in certain countries are subject to non-U.S. taxes. The fund records a liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.

Distributions – Distributions paid to shareholders are based on net investment income and net realized gains determined on a tax basis, which may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as currency gains and losses; short-term capital gains and losses; capital losses related to sales of certain securities within 30 days of purchase; unrealized appreciation of certain investments in securities outside the U.S.; net capital losses; non-U.S. taxes on capital gains; and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes.

During the year ended September 30, 2010, the fund reclassified $5,355,000 from accumulated net realized loss to undistributed net investment income and $158,000 from undistributed net investment income to capital paid in on shares of capital stock to align financial reporting with tax reporting.

As of September 30, 2010, the tax basis components of distributable earnings, unrealized appreciation (depreciation) and cost of investment securities were as follows:

	(dollars in thousands)
Undistributed ordinary income				$	417,651
Capital loss carryforwards*:
Expiring 2017	$	(880,886	)
Expiring 2018		(2,331,723	)		(3,212,609	)
Gross unrealized appreciation on investment securities					11,197,204
Gross unrealized depreciation on investment securities					(1,457,726	)
Net unrealized appreciation on investment securities					9,739,478
Cost of investment securities					32,942,422
*The capital loss carryforwards will be used to offset any capital gains realized by the fund in future years through the expiration dates. The fund will not make distributions from capital gains while capital loss carryforwards remain.

The tax character of distributions paid to shareholders was as follows (dollars in thousands):

	Year ended September 30, 2010						Year ended September 30, 2009
	Ordinary income		Long-term capital gains		Total distributions paid		Ordinary income		Long-term capital gains		Total distributions paid
Share class
Class A	$	389,429	$	-	$	389,429	$	705,785	$	2,025,128	$	2,730,913
Class B		4,671		-		4,671		14,483		76,530		91,013
Class C		8,280		-		8,280		17,394		88,508		105,902
Class F-1		12,037		-		12,037		19,970		57,311		77,281
Class F-2		4,750		-		4,750		754		2,039		2,793
Class 529-A		9,801		-		9,801		15,423		44,675		60,098
Class 529-B		544		-		544		1,362		6,716		8,078
Class 529-C		1,185		-		1,185		2,458		11,811		14,269
Class 529-E		449		-		449		747		2,530		3,277
Class 529-F-1		225		-		225		307		802		1,109
Class R-1		390		-		390		629		2,762		3,391
Class R-2		3,166		-		3,166		6,455		31,182		37,637
Class R-3		11,295		-		11,295		18,231		61,419		79,650
Class R-4		12,008		-		12,008		15,580		43,790		59,370
Class R-5		36,811		-		36,811		57,987		144,237		202,224
Class R-6*		7,362		-		7,362		-		-		-
Total	$	502,403	$	-	$	502,403	$	877,565	$	2,599,440	$	3,477,005


*Class R-6 was offered beginning May 1, 2009.

6. Fees and transactions with related parties

Capital Research and Management Company ("CRMC"), the fund’s investment adviser, is the parent company of American Funds Distributors,® Inc. ("AFD"), the principal underwriter of the fund’s shares, and American Funds Service Company® ("AFS"), the fund’s transfer agent.

Investment advisory services - The Investment Advisory and Service Agreement with CRMC provides for monthly fees accrued daily. These fees are based on a series of decreasing annual rates beginning with 0.600% on the first $500 million of daily net assets and decreasing to 0.360% on such assets in excess of $55 billion. For the year ended September 30, 2010, the investment advisory services fee was $164,232,000, which was equivalent to an annualized rate of 0.389% of average daily net assets.

Class-specific fees and expenses – Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are described below:

Distribution services – The fund has adopted plans of distribution for all share classes, except Classes F-2, R-5 and R-6. Under the plans, the board of directors approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.25% to 1.00% as noted below. In some cases, the board of directors has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate AFD for paying service fees, to firms that have entered into agreements with AFD to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.

For Classes A and 529-A, the board of directors has also approved the reimbursement of dealer and wholesaler commissions paid by AFD for certain shares sold without a sales charge. These classes reimburse AFD for amounts billed within the prior 15 months but only to the extent that the overall annual expense limit of 0.25% is not exceeded. As of September 30, 2010, there were no unreimbursed expenses subject to reimbursement for Classes A or 529-A.

Share class	Currently approved limits	Plan limits
Class A	0.25%	0.25%
Class 529-A	0.25	0.50
Classes B and 529-B	1.00	1.00
Classes C, 529-C and R-1	1.00	1.00
Class R-2	0.75	1.00
Classes 529-E and R-3	0.50	0.75
Classes F-1, 529-F-1 and R-4	0.25	0.50

Transfer agent services – The fund has a transfer agent agreement with AFS for Classes A and B. Under this agreement, these share classes compensate AFS for transfer agent services including shareholder recordkeeping, communications and transaction processing. AFS is also compensated for certain transfer agent services provided to all other share classes from the administrative services fees paid to CRMC as described below.

Administrative services – The fund has an administrative services agreement with CRMC for all share classes, except Classes A and B, to provide certain services, including transfer agent and recordkeeping services; coordinating, monitoring, assisting and overseeing third-party service providers; and educating advisers and shareholders about the impact of market-related events, tax laws affecting investments, retirement plan restrictions, exchange limitations and other related matters. Each relevant share class pays CRMC annual fees up to 0.15% (0.10% for Class R-5 and 0.05% for Class R-6) based on its respective average daily net assets. Each relevant share class also pays AFS additional amounts for certain transfer agent services. CRMC and AFS may use these fees to compensate third parties for performing these services.

Each 529 share class is subject to an additional administrative services fee payable to the Commonwealth of Virginia for the maintenance of the 529 college savings plan. The quarterly fee is based on a series of decreasing annual rates beginning with 0.10% on the first $30 billion of the net assets invested in Class 529 shares of the American Funds and decreasing to 0.06% on such assets between $120 billion and $150 billion. The fee for any given calendar quarter is accrued and calculated on the basis of the average net assets of Class 529 shares of the American Funds for the last month of the prior calendar quarter. Although these amounts are included with administrative services fees on the accompanying financial statements, the Commonwealth of Virginia is not considered a related party.

Expenses under the agreements described above for the year ended September 30, 2010, were as follows (dollars in thousands):

					Administrative services
Share class	Distribution services		Transfer agent services		CRMC administrative services		Transfer agent services		Commonwealth of Virginia administrative services
Class A	$	74,081	$	43,260	Not applicable		Not applicable		Not applicable
Class B		8,912		1,163	Not applicable		Not applicable		Not applicable
Class C		13,836	Included in administrative services		$	2,078	$	325	Not applicable
Class F-1		2,401				1,352		101	Not applicable
Class F-2			Not applicable			424		18	Not applicable
Class 529-A		1,769				867		138	$	841
Class 529-B		1,021				105		34		102
Class 529-C		2,145				222		60		216
Class 529-E		236				49		8		47
Class 529-F-1		-				18		3		17
Class R-1		605				80		20	Not applicable
Class R-2		4,127				817		1,620	Not applicable
Class R-3		5,620				1,679		641	Not applicable
Class R-4		2,377				1,397		27	Not applicable
Class R-5			Not applicable			1,421		10	Not applicable
Class R-6			Not applicable			820		2	Not applicable
Total	$	117,130	$	44,423	$	11,329	$	3,007	$	1,223

Directors’ deferred compensation – Since the adoption of the deferred compensation plan in 1993, directors who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Directors’ compensation of $540,000, shown on the accompanying financial statements, includes $391,000 in current fees (either paid in cash or deferred) and a net increase of $149,000 in the value of the deferred amounts.

Affiliated officers and directors – Officers and certain directors of the fund are or may be considered to be affiliated with CRMC, AFS and AFD. No affiliated officers or directors received any compensation directly from the fund.

7. Capital share transactions

Capital share transactions in the fund were as follows (dollars and shares in thousands):

Share class	Sales(*)				Reinvestments of dividends and distributions				Repurchases(*)						Net (decrease) increase
	Amount		Shares		Amount		Shares		Amount			Shares			Amount			Shares
Year ended September 30, 2010
Class A	$	2,470,412		97,559	$	370,990		14,583	$	(5,629,322	)		(224,384	)	$	(2,787,920	)		(112,242	)
Class B		20,463		819		4,558		182		(350,891	)		(14,109	)		(325,870	)		(13,108	)
Class C		187,217		7,586		7,923		319		(254,025	)		(10,398	)		(58,885	)		(2,493	)
Class F-1		323,353		12,854		10,886		430		(325,836	)		(13,046	)		8,403			238
Class F-2		168,110		6,670		3,774		149		(89,242	)		(3,572	)		82,642			3,247
Class 529-A		135,391		5,395		9,796		388		(85,089	)		(3,407	)		60,098			2,376
Class 529-B		2,240		90		544		21		(26,020	)		(1,054	)		(23,236	)		(943	)
Class 529-C		33,752		1,368		1,185		47		(28,753	)		(1,172	)		6,184			243
Class 529-E		6,917		278		449		18		(4,830	)		(194	)		2,536			102
Class 529-F-1		5,950		239		225		9		(2,872	)		(114	)		3,303			134
Class R-1		24,648		1,009		389		16		(13,501	)		(554	)		11,536			471
Class R-2		144,182		5,868		3,162		127		(168,185	)		(6,877	)		(20,841	)		(882	)
Class R-3		277,151		11,148		11,290		451		(305,342	)		(12,346	)		(16,901	)		(747	)
Class R-4		309,335		12,405		12,005		476		(261,385	)		(10,454	)		59,955			2,427
Class R-5		436,803		17,383		36,772		1,447		(1,782,180	)		(68,900	)		(1,308,605	)		(50,070	)
Class R-6		2,121,331		82,341		7,362		290		(232,178	)		(9,296	)		1,896,515			73,335
Total net increase
(decrease)	$	6,667,255		263,012	$	481,310		18,953	$	(9,559,651	)		(379,877	)	$	(2,411,086	)		(97,912	)

Year ended September 30, 2009
Class A	$	2,531,101		126,521	$	2,611,995		143,991	$	(7,046,111	)		(358,316	)	$	(1,903,015	)		(87,804	)
Class B		46,999		2,454		88,765		4,962		(341,756	)		(17,686	)		(205,992	)		(10,270	)
Class C		168,812		8,590		102,079		5,754		(347,616	)		(18,254	)		(76,725	)		(3,910	)
Class F-1		364,336		17,345		69,700		3,857		(451,752	)		(22,985	)		(17,716	)		(1,783	)
Class F-2		255,279		12,091		2,264		125		(32,617	)		(1,599	)		224,926			10,617
Class 529-A		90,553		4,537		60,076		3,333		(75,598	)		(3,866	)		75,031			4,004
Class 529-B		5,266		278		8,077		454		(9,832	)		(508	)		3,511			224
Class 529-C		30,154		1,543		14,263		801		(25,150	)		(1,291	)		19,267			1,053
Class 529-E		5,603		286		3,275		183		(4,498	)		(232	)		4,380			237
Class 529-F-1		4,127		207		1,107		62		(2,775	)		(142	)		2,459			127
Class R-1		17,138		876		3,384		191		(10,772	)		(558	)		9,750			509
Class R-2		135,360		6,954		37,582		2,115		(119,512	)		(6,181	)		53,430			2,888
Class R-3		252,881		12,824		79,626		4,451		(212,584	)		(10,904	)		119,923			6,371
Class R-4		289,088		14,412		59,280		3,295		(145,981	)		(7,425	)		202,387			10,282
Class R-5		543,606		27,124		198,643		10,969		(698,032	)		(34,740	)		44,217			3,353
Class R-6(†)		377,104		18,370		-		-		(3,469	)		(146	)		373,635			18,224
Total net increase
(decrease)	$	5,117,407		254,412	$	3,340,116		184,543	$	(9,528,055	)		(484,833	)	$	(1,070,532	)		(45,878	)


* Includes exchanges between share classes of the fund.
(†)Class R-6 was offered beginning May 1, 2009.

8. Investment transactions

The fund made purchases and sales of investment securities, excluding short-term securities and U.S. government obligations, if any, of $9,581,980,000 and $12,467,101,000, respectively, during the year ended September 30, 2010.

Financial highlights(1)

			Income (loss) from investment operations(2)								Dividends and distributions
	Net asset value, beginning of period		Net investment income(3)		Net gains (losses) on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Total dividends and distributions			Net asset value, end of period		Total return(4) (5)			Net assets, end of period (in millions)		Ratio of expenses to average net assets before reimbursements/ waivers			Ratio of expenses to average net assets after reimbursements/ waivers(5)			Ratio of net income to average net assets(3)(5)
Class A:
Year ended 9/30/2010	$	24.63	$	.29	$	1.93		$	2.22		$	(.31	)	$	-		$	(.31	)	$	26.54		9.05	%	$	31,425		.79	%		.79	%		1.14	%
Year ended 9/30/2009		26.30		.31		.15			.46			(.55	)		(1.58	)		(2.13	)		24.63		4.66			31,925		.85			.84			1.54
Year ended 9/30/2008		36.83		.69		(8.27	)		(7.58	)		(.68	)		(2.27	)		(2.95	)		26.30		(22.51	)		36,398		.75			.71			2.14
Year ended 9/30/2007		31.73		.48		7.18			7.66			(.50	)		(2.06	)		(2.56	)		36.83		25.46			49,213		.74			.70			1.44
Year ended 9/30/2006		29.53		.49		3.93			4.42			(.40	)		(1.82	)		(2.22	)		31.73		15.80			40,517		.75			.71			1.63
Class B:
Year ended 9/30/2010		24.15		.08		1.91			1.99			(.12	)		-			(.12	)		26.02		8.25			769		1.55			1.55			.34
Year ended 9/30/2009		25.70		.15		.18			.33			(.30	)		(1.58	)		(1.88	)		24.15		3.85			1,031		1.60			1.59			.78
Year ended 9/30/2008		36.06		.44		(8.12	)		(7.68	)		(.41	)		(2.27	)		(2.68	)		25.70		(23.11	)		1,361		1.51			1.47			1.38
Year ended 9/30/2007		31.12		.22		7.04			7.26			(.26	)		(2.06	)		(2.32	)		36.06		24.55			2,057		1.50			1.47			.68
Year ended 9/30/2006		29.01		.25		3.87			4.12			(.19	)		(1.82	)		(2.01	)		31.12		14.89			1,714		1.52			1.48			.86
Class C:
Year ended 9/30/2010		23.95		.08		1.88			1.96			(.15	)		-			(.15	)		25.76		8.19			1,404		1.59			1.59			.34
Year ended 9/30/2009		25.52		.15		.17			.32			(.31	)		(1.58	)		(1.89	)		23.95		3.85			1,365		1.62			1.61			.77
Year ended 9/30/2008		35.84		.42		(8.06	)		(7.64	)		(.41	)		(2.27	)		(2.68	)		25.52		(23.14	)		1,554		1.55			1.51			1.33
Year ended 9/30/2007		30.96		.21		6.99			7.20			(.26	)		(2.06	)		(2.32	)		35.84		24.47			2,022		1.56			1.52			.63
Year ended 9/30/2006		28.88		.24		3.84			4.08			(.18	)		(1.82	)		(2.00	)		30.96		14.84			1,526		1.59			1.55			.80
Class F-1:
Year ended 9/30/2010		24.53		.28		1.92			2.20			(.31	)		-			(.31	)		26.42		9.04			1,002		.81			.81			1.13
Year ended 9/30/2009		26.20		.31		.15			.46			(.55	)		(1.58	)		(2.13	)		24.53		4.67			924		.83			.82			1.55
Year ended 9/30/2008		36.71		.68		(8.24	)		(7.56	)		(.68	)		(2.27	)		(2.95	)		26.20		(22.53	)		1,034		.76			.72			2.12
Year ended 9/30/2007		31.64		.48		7.15			7.63			(.50	)		(2.06	)		(2.56	)		36.71		25.49			1,215		.75			.71			1.44
Year ended 9/30/2006		29.44		.49		3.91			4.40			(.38	)		(1.82	)		(2.20	)		31.64		15.77			932		.76			.72			1.62
Class F-2:
Year ended 9/30/2010		24.67		.36		1.92			2.28			(.38	)		-			(.38	)		26.57		9.32			390		.55			.55			1.42
Year ended 9/30/2009		26.31		.28		.25			.53			(.59	)		(1.58	)		(2.17	)		24.67		4.97			282		.58			.57			1.29
Period from 8/1/2008 to 9/30/2008		29.67		.08		(3.44	)		(3.36	)		-			-			-			26.31		(11.32	)		22		.09			.08			.32

Class 529-A:
Year ended 9/30/2010		24.46		.27		1.92			2.19			(.30	)		-			(.30	)		26.35		9.01			911		.85			.85			1.10
Year ended 9/30/2009		26.14		.30		.15			.45			(.55	)		(1.58	)		(2.13	)		24.46		4.62			788		.89			.88			1.50
Year ended 9/30/2008		36.63		.66		(8.22	)		(7.56	)		(.66	)		(2.27	)		(2.93	)		26.14		(22.57	)		737		.82			.78			2.07
Year ended 9/30/2007		31.59		.46		7.13			7.59			(.49	)		(2.06	)		(2.55	)		36.63		25.38			862		.82			.78			1.38
Year ended 9/30/2006		29.41		.48		3.91			4.39			(.39	)		(1.82	)		(2.21	)		31.59		15.72			593		.81			.77			1.59
Class 529-B:
Year ended 9/30/2010		24.04		.06		1.89			1.95			(.12	)		-			(.12	)		25.87		8.14			92		1.65			1.65			.26
Year ended 9/30/2009		25.64		.14		.16			.30			(.32	)		(1.58	)		(1.90	)		24.04		3.77			109		1.71			1.70			.69
Year ended 9/30/2008		36.00		.40		(8.10	)		(7.70	)		(.39	)		(2.27	)		(2.66	)		25.64		(23.20	)		110		1.62			1.58			1.26
Year ended 9/30/2007		31.09		.19		7.02			7.21			(.24	)		(2.06	)		(2.30	)		36.00		24.40			138		1.63			1.59			.57
Year ended 9/30/2006		28.99		.22		3.86			4.08			(.16	)		(1.82	)		(1.98	)		31.09		14.77			103		1.65			1.61			.74
Class 529-C:
Year ended 9/30/2010		24.01		.07		1.88			1.95			(.14	)		-			(.14	)		25.82		8.13			227		1.65			1.65			.30
Year ended 9/30/2009		25.62		.14		.16			.30			(.33	)		(1.58	)		(1.91	)		24.01		3.77			205		1.70			1.69			.70
Year ended 9/30/2008		35.98		.40		(8.09	)		(7.69	)		(.40	)		(2.27	)		(2.67	)		25.62		(23.19	)		192		1.62			1.58			1.27
Year ended 9/30/2007		31.08		.19		7.03			7.22			(.26	)		(2.06	)		(2.32	)		35.98		24.42			228		1.62			1.58			.58
Year ended 9/30/2006		28.99		.23		3.85			4.08			(.17	)		(1.82	)		(1.99	)		31.08		14.74			159		1.64			1.60			.76
Class 529-E:
Year ended 9/30/2010		24.26		.20		1.89			2.09			(.24	)		-			(.24	)		26.11		8.66			51		1.14			1.14			.81
Year ended 9/30/2009		25.91		.24		.16			.40			(.47	)		(1.58	)		(2.05	)		24.26		4.34			45		1.19			1.18			1.21
Year ended 9/30/2008		36.34		.57		(8.17	)		(7.60	)		(.56	)		(2.27	)		(2.83	)		25.91		(22.80	)		41		1.11			1.07			1.78
Year ended 9/30/2007		31.36		.36		7.08			7.44			(.40	)		(2.06	)		(2.46	)		36.34		25.02			50		1.11			1.08			1.09
Year ended 9/30/2006		29.22		.38		3.89			4.27			(.31	)		(1.82	)		(2.13	)		31.36		15.36			35		1.12			1.08			1.27

Class 529-F-1:
Year ended 9/30/2010	$	24.44	$	.33	$	1.92		$	2.25		$	(.35	)	$	-		$	(.35	)	$	26.34		9.25	%	$	20		.64	%		.64	%		1.32	%
Year ended 9/30/2009		26.15		.34		.14			.48			(.61	)		(1.58	)		(2.19	)		24.44		4.83			15		.69			.68			1.70
Year ended 9/30/2008		36.64		.73		(8.23	)		(7.50	)		(.72	)		(2.27	)		(2.99	)		26.15		(22.41	)		13		.61			.57			2.27
Year ended 9/30/2007		31.59		.53		7.13			7.66			(.55	)		(2.06	)		(2.61	)		36.64		25.65			14		.61			.58			1.59
Year ended 9/30/2006		29.39		.55		3.88			4.43			(.41	)		(1.82	)		(2.23	)		31.59		15.91			10		.62			.58			1.82
Class R-1:
Year ended 9/30/2010		23.87		.09		1.87			1.96			(.17	)		-			(.17	)		25.66		8.24			69		1.58			1.58			.39
Year ended 9/30/2009		25.51		.15		.15			.30			(.36	)		(1.58	)		(1.94	)		23.87		3.84			53		1.61			1.60			.78
Year ended 9/30/2008		35.83		.42		(8.04	)		(7.62	)		(.43	)		(2.27	)		(2.70	)		25.51		(23.12	)		44		1.54			1.50			1.35
Year ended 9/30/2007		31.00		.22		6.98			7.20			(.31	)		(2.06	)		(2.37	)		35.83		24.45			49		1.58			1.54			.66
Year ended 9/30/2006		28.95		.25		3.85			4.10			(.23	)		(1.82	)		(2.05	)		31.00		14.89			29		1.59			1.55			.85
Class R-2:
Year ended 9/30/2010		23.97		.08		1.88			1.96			(.14	)		-			(.14	)		25.79		8.20			563		1.61			1.61			.33
Year ended 9/30/2009		25.58		.13		.17			.30			(.33	)		(1.58	)		(1.91	)		23.97		3.77			544		1.71			1.70			.68
Year ended 9/30/2008		35.93		.41		(8.09	)		(7.68	)		(.40	)		(2.27	)		(2.67	)		25.58		(23.19	)		507		1.59			1.55			1.30
Year ended 9/30/2007		31.05		.21		7.00			7.21			(.27	)		(2.06	)		(2.33	)		35.93		24.45			644		1.60			1.53			.63
Year ended 9/30/2006		28.98		.24		3.85			4.09			(.20	)		(1.82	)		(2.02	)		31.05		14.83			465		1.67			1.54			.82
Class R-3:
Year ended 9/30/2010		24.23		.20		1.90			2.10			(.25	)		-			(.25	)		26.08		8.71			1,159		1.12			1.12			.82
Year ended 9/30/2009		25.88		.25		.15			.40			(.47	)		(1.58	)		(2.05	)		24.23		4.36			1,095		1.15			1.14			1.25
Year ended 9/30/2008		36.30		.57		(8.16	)		(7.59	)		(.56	)		(2.27	)		(2.83	)		25.88		(22.79	)		1,005		1.09			1.05			1.79
Year ended 9/30/2007		31.33		.36		7.07			7.43			(.40	)		(2.06	)		(2.46	)		36.30		25.03			1,245		1.10			1.06			1.11
Year ended 9/30/2006		29.20		.39		3.88			4.27			(.32	)		(1.82	)		(2.14	)		31.33		15.36			890		1.10			1.06			1.29
Class R-4:
Year ended 9/30/2010		24.43		.28		1.91			2.19			(.32	)		-			(.32	)		26.30		9.01			1,039		.81			.81			1.12
Year ended 9/30/2009		26.12		.31		.14			.45			(.56	)		(1.58	)		(2.14	)		24.43		4.68			905		.83			.82			1.54
Year ended 9/30/2008		36.59		.67		(8.21	)		(7.54	)		(.66	)		(2.27	)		(2.93	)		26.12		(22.53	)		699		.79			.75			2.09
Year ended 9/30/2007		31.54		.46		7.13			7.59			(.48	)		(2.06	)		(2.54	)		36.59		25.40			757		.81			.77			1.36
Year ended 9/30/2006		29.37		.48		3.91			4.39			(.40	)		(1.82	)		(2.22	)		31.54		15.76			683		.79			.75			1.60
Class R-5:
Year ended 9/30/2010		24.66		.32		1.97			2.29			(.38	)		-			(.38	)		26.57		9.34			1,241		.51			.51			1.29
Year ended 9/30/2009		26.36		.38		.14			.52			(.64	)		(1.58	)		(2.22	)		24.66		5.00			2,386		.53			.52			1.87
Year ended 9/30/2008		36.90		.77		(8.28	)		(7.51	)		(.76	)		(2.27	)		(3.03	)		26.36		(22.30	)		2,462		.49			.46			2.38
Year ended 9/30/2007		31.79		.56		7.18			7.74			(.57	)		(2.06	)		(2.63	)		36.90		25.77			2,920		.51			.47			1.68
Year ended 9/30/2006		29.58		.57		3.93			4.50			(.47	)		(1.82	)		(2.29	)		31.79		16.06			1,918		.51			.47			1.88
Class R-6:
Year ended 9/30/2010		24.67		.41		1.89			2.30			(.36	)		-			(.36	)		26.61		9.40			2,437		.46			.46			1.63
Period from 5/1/2009 to 9/30/2009		19.28		.17		5.22			5.39			-			-			-			24.67		27.96			450		.21			.21			.76

	Year ended September 30
	2010			2009			2008			2007			2006
Portfolio turnover rate for all classes of shares		24	%		32	%		42	%		30	%		32	%

(1)Based on operations for the periods shown (unless otherwise noted) and, accordingly, may not be representative of a full year.

(2)Based on average shares outstanding.

(3)For the year ended September 30, 2008, this column reflects the impact of corporate action events that resulted in a one-time increase to net investment income. If the corporate action events had not occurred, the Class A net investment income per share and ratio of net income to average net assets would have been lower by $0.13 and 0.41%, respectively. The impact to the other share classes would have been similar.

(4)Total returns exclude any applicable sales charges, including contingent deferred sales charges.

(5)This column reflects the impact, if any, of certain reimbursements/waivers from CRMC. During some of the periods shown, CRMC reduced fees for investment advisory services. In addition, during some of the periods shown, CRMC paid a portion of the fund's transfer agent fees for certain retirement plan share classes.

See Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of New Perspective Fund, Inc.:

In our opinion, the accompanying statement of assets and liabilities, including the summary investment portfolio, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of New

Perspective Fund, Inc. (the “Fund”) at September 30, 2010, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and its financial highlights for each of the periods presented, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Fund's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities owned at September 30, 2010 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Los Angeles, California

November 5, 2010

Part C

Other Information

Item 28. Exhibits for Registration Statement (1940 Act No. 811-02333 and 1933 Act. No. 002-47749)

(a)

Articles of Incorporation – Restated Articles of Incorporation effective 4/5/82 – previously filed (see Post-Effective (“P/E”) Amendment No. 47 filed 11/26/97); Articles of Amendment effective 6/9/86 – previously filed (see P/E Amendment No. 47 filed 11/26/97); Articles Supplementary effective 6/18/91 – previously filed (see P/E Amendment No. 61 filed 11/30/06); Articles Supplementary effective 3/21/94 – previously filed (see P/E Amendment No. 61 filed 11/30/06); Articles Supplementary effective 3/11/96 – previously filed (see P/E Amendment No. 61 filed 11/30/06); Articles Supplementary effective 12/2/99 – previously filed (see P/E Amendment No. 61 filed 11/30/06); Articles of Amendment effective 12/23/99 – previously filed (see P/E Amendment No. 51 filed 3/13/00); Articles Supplementary effective 1/13/00 – previously filed (see P/E Amendment No. 51 filed 3/13/00); Articles Supplementary effective 1/24/01 – previously filed (see P/E Amendment No. 53 filed 3/13/01); Articles Supplementary effective 1/18/02 - previously filed (see P/E Amendment No. 55 filed 2/14/02); Articles Supplementary effective 12/21/07 – previously filed (see P/E Amendment No. 63 filed 7/1/08); Articles Supplementary effective 5/23/08 – previously filed (see P/E Amendment No. 63 filed 7/1/08); and Articles Supplementary effective 3/27/09 – previously filed (see P/E Amendment No. 65 filed 4/8/09)

(b)	By-laws – By-laws as amended 6/9/10

(c)	Instruments Defining Rights of Security Holders – Form of share certificate - previously filed (see P/E Amendment No. 53 filed 3/13/01)

(d)	Investment Advisory Contracts – Amended and Restated Investment Advisory and Service Agreement dated 1/1/10

(e-1)

Underwriting Contracts – Form of Amended and Restated Principal Underwriting Agreement effective 5/1/09 – previously filed (see P/E Amendment 65 filed 4/8/09)

(e-2)

Form of Selling Group Agreement effective 3/1/10; Form of Bank/Trust Company Selling Group Agreement effective 3/1/10; Form of Class F Share Participation Agreement effective 3/1/10; and Form of Bank/Trust Company Participation Agreement for Class F Shares effective 3/1/10

(f)	Bonus or Profit Sharing Contracts – Form of Deferred Compensation Plan effective 8/7/09

(g)	Custodian Agreements – Form of Global Custody Agreement effective 12/21/06 – previously filed (see P/E Amendment No. 62 filed 11/30/07)

(h)

Other Material Contracts – Form of Amended Shareholder Services Agreement 4/1/03 - previously filed (see P/E Amendment No. 59 filed 11/30/04); Form of Amendment of Amended Shareholder Services Agreement dated 11/1/08 – previously filed (see P/E Amendment No. 65 filed 4/8/09); Form of Indemnification Agreement - previously filed (see P/E Amendment No. 59 filed 11/30/04); and Form of Amended and Restated Administrative Services Agreement effective 5/1/09 – previously filed (see P/E Amendment No. 65 filed 4/8/09); Form of Amendment of Amended Shareholder Services Agreement dated 10/1/09

(i)

Legal Opinion – Legal Opinion – previously filed (see P/E Amendment No. 47 filed 11/26/97, P/E Amendment No. 51 filed 3/31/00, P/E Amendment No. 53 filed 3/13/01 P/E Amendment No. 55 filed 2/14/02; P/E Amendment No. 56 filed 5/14/02 P/E Amendment No. 63 filed 7/1/08 and P/E Amendment No. 65 filed 4/8/09)

(j)	Other Opinions – Consent of Independent Registered Public Accounting Firm

(k)	Omitted Financial Statements – None

(l)	Initial Capital Agreements – None

(m)

Rule 12b-1 Plan – Form of Plan of Distribution for Class A dated 4/1/89 - previously filed (see P/E Amendment No. 47 filed 11/26/97); Form of Plan of Distribution for Class 529-A dated 2/1/02 - previously filed (see P/E Amendment No. 55 filed 2/14/02); Forms of Amended and Restated Plans of Distribution for Classes B, C, and F dated 10/1/05 – previously filed (see P/E Amendment No. 60 filed 12/1/05); Forms of Amended and Restated Plans of Distribution for Classes 529-B, 529-C, 529-E, 529-F, R-1, R-2, R-3, and R-4 dated 10/1/05 – previously filed (see P/E Amendment No. 61 filed 11/30/06); and Forms of Amendment to Plans of Distribution – Classes F-1 and 529-F-1 dated 6/16/08 – previously filed (see P/E Amendment No. 63 filed 7/1/08)

(n)	Rule 18f-3 Plan – Form of Amended and Restated Multiple Class Plan effective 5/1/09 – previously filed (see P/E Amendment No. 65 filed 4/8/09)

(o)

Reserved

(p)	Code of Ethics – Code of Ethics for The Capital Group Companies dated September 2010; and Code of Ethics for Registrant dated December 2005

Item 29.

Persons Controlled by or Under Common Control with the Fund

None

Item 30.

Indemnification

The Registrant is a joint-insured under Investment Adviser/Mutual Fund Errors and Omissions Policies, which insure its officers and directors against certain liabilities. However, in no event will Registrant maintain insurance to indemnify any such person for any act for which Registrant itself is not permitted to indemnify the individual.

Article VI of the Registrant's Articles of Incorporation and Article VI of the Registrant’s By-Laws as well as the indemnification agreements that the Registrant has entered into with each of its directors who is not an “interested person” of the Registrant (as defined under the Investment Company Act of 1940, as amended), provide in effect that the Registrant will indemnify its officers and directors against any liability or expenses actually and reasonably incurred by such person in any proceeding arising out of or in connection with his or her service to the Registrant, to the fullest extent permitted by applicable law, subject to certain conditions. In accordance with Section 17(h) and 17(i) of the Investment Company Act of 1940, as amended, and their respective terms, these provisions do not protect any person against any liability to the Registrant or its shareholders to which such person would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office.

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the U.S. Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

Registrant will comply with the indemnification requirements contained in the Investment Company Act of 1940, as amended, and Release Nos. 7221 (June 9, 1972) and 11330 (September 4, 1980).

Item 31.

Business and Other Connections of the Investment Adviser

None

Item 32.

Principal Underwriters

(a) American Funds Distributors, Inc. is the Principal Underwriter of shares of: AMCAP Fund, American Balanced Fund, American Funds Fundamental Investors, The American Funds Income Series, American Funds Money Market Fund, American Funds Mortgage Fund, American Funds Short-Term Tax-Exempt Bond Fund, American Funds Target Date Retirement Series, Inc., American Funds Tax-Exempt Fund of New York, The American Funds Tax-Exempt Series I, The American Funds Tax-Exempt Series II, American High-Income Municipal Bond Fund, American High-Income Trust, American Mutual Fund, Inc., The Bond Fund of America, Inc., Capital Income Builder, Capital Private Client Services Funds, Capital World Bond Fund, Capital World Growth and Income Fund, Inc., Emerging Markets Growth Fund, Inc., Endowments, EuroPacific Growth Fund, The Growth Fund of America, Inc., 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, Inc., New World Fund, Inc., Short-Term Bond Fund of America, SMALLCAP World Fund, Inc., The Tax-Exempt Bond Fund of America and Washington Mutual Investors Fund

(b)

	(1) Name and Principal Business Address	(2) Positions and Offices with Underwriter	(3) Positions and Offices with Registrant
LAO	David L. Abzug	Vice President	None
IRV	Laurie M. Allen	Senior Vice President	None
LAO	Dianne L. Anderson	Vice President	None
LAO	William C. Anderson	Director, Senior Vice President & Director of Retirement Plan Business	None
LAO	Robert B. Aprison	Senior Vice President	None
LAO	T. Patrick Bardsley	Regional Vice President	None
LAO	Shakeel A. Barkat	Vice President	None
IRV	Carl R. Bauer	Vice President	None
LAO	Roger J. Bianco, Jr.	Regional Vice President	None
LAO	John A. Blanchard	Senior Vice President	None
LAO	Gerard M. Bockstie, Jr.	Vice President	None
LAO	Jonathan W. Botts	Vice President	None
LAO	Bill Brady	Director, Senior Vice President	None
LAO	Mick L. Brethower	Senior Vice President	None
LAO	C. Alan Brown	Vice President	None
IRV	William H. Bryan	Regional Vice President	None
LAO	Sheryl M. Burford	Assistant Vice President	None
LAO	Steven Calabria	Vice President	None
LAO	Thomas E. Callahan	Regional Vice President	None
LAO	Damian F. Carroll	Director, Senior Vice President	None
LAO	James D. Carter	Vice President	None
LAO	Brian C. Casey	Senior Vice President	None
LAO	Victor C. Cassato	Senior Vice President	None
LAO	Christopher J. Cassin	Senior Vice President	None
LAO	Denise M. Cassin	Director, Senior Vice President and Director of Intermediary Relations	None
LAO	David D. Charlton	Director, Senior Vice President and Director of Marketing	None
LAO	Thomas M. Charon	Vice President	None
LAO	Paul A. Cieslik	Vice President	None
LAO	Kevin G. Clifford	Director, President and Chief Executive Officer	None
LAO	Ruth M. Collier	Senior Vice President	None
LAO	Charles H. Cote	Vice President	None
SNO	Kathleen D. Cox	Vice President	None
LAO	Michael D. Cravotta	Assistant Vice President	None
LAO	Joseph G. Cronin	Vice President	None
LAO	D. Erick Crowdus	Regional Vice President	None
LAO	William F. Daugherty	Senior Vice President	None
LAO	Peter J. Deavan	Regional Vice President	None
LAO	Guy E. Decker	Vice President	None
LAO	Daniel J. Delianedis	Senior Vice President	None
LAO	James W. DeLouise	Assistant Vice President	None
LAO	James A. DePerno, Jr.	Senior Vice President	None
LAO	Bruce L. DePriester	Director, Senior Vice President, Treasurer and Controller	None
LAO	Dianne M. Dexter	Assistant Vice President	None
LAO	Thomas J. Dickson	Vice President	None
NYO	Dean M. Dolan	Vice President	None
LAO	Hedy B. Donahue	Assistant Vice President	None
LAO	Michael J. Downer	Director	None
LAO	Craig A. Duglin	Vice President	None
LAO	Timothy L. Ellis	Senior Vice President	None
LAO	Lorna Fitzgerald	Vice President	None
LAO	William F. Flannery	Vice President	None
LAO	John R. Fodor	Director, Executive Vice President	None
LAO	Charles L. Freadhoff	Vice President	None
LAO	Daniel B. Frick	Senior Vice President	None
LAO	J. Christopher Gies	Senior Vice President	None
LAO	David M. Givner	Secretary	None
LAO	Jack E. Goldin	Vice President	None
LAO	Earl C. Gottschalk	Vice President	None
LAO	Jeffrey J. Greiner	Senior Vice President	None
LAO	Eric M. Grey	Senior Vice President	None
NYO	Maura S. Griffin	Assistant Vice President	None
LAO	Christopher M. Guarino	Senior Vice President	None
IRV	Steven Guida	Director, Senior Vice President	None
LAO	Derek S. Hansen	Vice President	None
LAO	Robert J. Hartig, Jr.	Senior Vice President	None
LAO	Craig W. Hartigan	Regional Vice President	None
LAO	Russell K. Holliday	Vice President	None
LAO	Heidi Horwitz-Marcus	Vice President	None
LAO	Kevin B. Hughes	Vice President	None
LAO	Marc Ialeggio	Vice President	None
HRO	Jill Jackson-Chavis	Vice President	None
IND	David K. Jacocks	Assistant Vice President	None
LAO	Linda Johnson	Vice President	None
GVO-1	Joanna F. Jonsson	Director	Vice President
LAO	Marc J. Kaplan	Vice President	None
LAO	John P. Keating	Senior Vice President	None
LAO	Brian G. Kelly	Vice President	None
LAO	Ryan C. Kidwell	Regional Vice President	None
LAO	Mark Kistler	Regional Vice President	None
NYO	Dorothy Klock	Senior Vice President	None
IRV	Elizabeth K. Koster	Vice President	None
LAO	Christopher F. Lanzafame	Vice President	None
IRV	Laura Lavery	Vice President	None
LAO	R. Andrew LeBlanc	Senior Vice President	None
LAO	Clay M. Leveritt	Regional Vice President	None
LAO	Susan B. Lewis	Assistant Vice President	None
LAO	T. Blake Liberty	Vice President	None
LAO	Lorin E. Liesy	Vice President	None
LAO	Louis K. Linquata	Senior Vice President	None
LAO	Brendan T. Mahoney	Director, Senior Vice President	None
LAO	Nathan G. Mains	Regional Vice President	None
LAO	Paul R. Mayeda	Assistant Vice President	None
LAO	Eleanor P. Maynard	Vice President	None
LAO	Joseph A. McCreesh, III	Regional Vice President	None
LAO	Will McKenna	Vice President	None
LAO	Scott M. Meade	Senior Vice President	None
LAO	Daniel P. Melehan	Regional Vice President	None
LAO	William T. Mills	Regional Vice President	None
LAO	James R. Mitchell III	Regional Vice President	None
LAO	Charles L. Mitsakos	Vice President	None
LAO	Linda M. Molnar	Vice President	None
LAO	Monty L. Moncrief	Vice President	None
LAO	David H. Morrison	Vice President	None
LAO	Andrew J. Moscardini	Vice President	None
LAO	Brian D. Munson	Regional Vice President	None
LAO	Jon Christian Nicolazzo	Regional Vice President	None
LAO	Earnest M. Niemi	Regional Vice President	None
LAO	Jack Nitowitz	Vice President	None
LAO	William E. Noe	Senior Vice President	None
LAO	Matthew P. O’Connor	Senior Vice President	None
LAO	Jonathan H. O’Flynn	Regional Vice President	None
LAO	Eric P. Olson	Senior Vice President	None
LAO	Jeffrey A. Olson	Vice President	None
LAO	Thomas A. O’Neil	Vice President	None
LAO	Shawn M. O’Sullivan	Regional Vice President	None
LAO	W. Burke Patterson, Jr.	Vice President	None
LAO	Gary A. Peace	Senior Vice President	None
LAO	Samuel W. Perry	Vice President	None
LAO	David K. Petzke	Senior Vice President	None
IRV	John H. Phelan, Jr.	Director	None
LAO	John Pinto	Vice President	None
LAO	Carl S. Platou	Senior Vice President	None
LAO	Charles R. Porcher	Regional Vice President	None
LAO	Julie K. Prather	Vice President	None
SNO	Richard P. Prior	Vice President	None
LAO	Steven J. Quagrello	Regional Vice President	None
LAO	Mike Quinn	Vice President	None
SNO	John P. Raney	Assistant Vice President	None
LAO	James P. Rayburn	Vice President	None
LAO	Rene M. Reincke	Vice President	None
LAO	Steven J. Reitman	Senior Vice President	None
LAO	Jeffrey Robinson	Vice President	None
LAO	Suzette M. Rothberg	Vice President	None
LAO	James F. Rothenberg	Non-Executive Chairman and Director	None
LAO	Romolo D. Rottura	Senior Vice President	None
LAO	William M. Ryan	Vice President	None
LAO	Dean B. Rydquist	Director, Senior Vice President and Chief Compliance Officer	None
LAO	Richard A. Sabec, Jr.	Vice President	None
LAO	Paul V. Santoro	Senior Vice President	None
LAO	Joseph D. Scarpitti	Senior Vice President	None
IRV	MaryAnn Scarsone	Assistant Vice President	None
LAO	Kim D. Schmidt	Assistant Vice President	None
LAO	David L. Schroeder	Assistant Vice President	None
LAO	James J. Sewell III	Regional Vice President	None
LAO	Arthur M. Sgroi	Senior Vice President	None
LAO	Steven D. Shackelford	Regional Vice President	None
LAO	Michael J. Sheldon	Vice President	None
LAO	Brad Short	Vice President	None
LAO	Nathan W. Simmons	Regional Vice President	None
LAO	Connie F. Sjursen	Vice President	None
LAO	Jerry L. Slater	Senior Vice President	None
LAO	Matthew Smith	Assistant Vice President	None
SNO	Stacy D. Smolka	Assistant Vice President	None
LAO	J. Eric Snively	Vice President	None
LAO	Therese L. Soullier	Vice President	None
LAO	Kristen J. Spazafumo	Vice President	None
LAO	Mark D. Steburg	Vice President	None
LAO	Michael P. Stern	Vice President	None
LAO	Brad Stillwagon	Vice President	None
LAO	Craig R. Strauser	Senior Vice President	None
NYO	Andrew B. Suzman	Director	None
LAO	Libby J. Syth	Vice President	None
LAO	Drew W. Taylor	Senior Vice President	None
LAO	David R. Therrien	Assistant Vice President	None
LAO	Gary J. Thoma	Vice President	None
LAO	John B. Thomas	Regional Vice President	None
LAO	Cynthia M. Thompson	Senior Vice President	None
LAO	Mark R. Threlfall	Regional Vice President	None
LAO	David Tippets	Regional Vice President	None
IND	James P. Toomey	Vice President	None
LAO	Luke N. Trammell	Regional Vice President	None
IND	Christopher E. Trede	Vice President	None
LAO	Scott W. Ursin-Smith	Senior Vice President	None
SNO	Cindy Vaquiax	Vice President	None
LAO	Srinkanth Vemuri	Regional Vice President	None
LAO	J. David Viale	Senior Vice President	None
DCO	Bradley J. Vogt	Director	None
LAO	Sherrie S. Walling	Assistant Vice President	None
SNO	Chris L. Wammack	Assistant Vice President	None
LAO	Thomas E. Warren	Senior Vice President	None
LAO	Gregory J. Weimer	Senior Vice President	None
SFO	Gregory W. Wendt	Director	None
LAO	George J. Wenzel	Senior Vice President	None
LAO	Jason M. Weybrecht	Vice President	None
LAO	Brian E. Whalen	Vice President	None
LAO	William C. Whittington	Regional Vice President	None
LAO	N. Dexter Williams, Jr.	Senior Vice President	None
LAO	Andrew L. Wilson	Vice President	None
LAO	Steven C. Wilson	Vice President	None
LAO	Timothy J. Wilson	Director, Senior Vice President and National Sales Manager	None
LAO	Kurt A. Wuestenberg	Vice President	None
LAO	Jason P. Young	Vice President	None
LAO	Jonathan A. Young	Vice President	None

__________

DCO	Business Address, 3000 K Street N.W., Suite 230, Washington, DC 20007-5140
GVO-1	Business Address, 3 Place des Bergues, 1201 Geneva, Switzerland
HRO	Business Address, 5300 Robin Hood Road, Norfolk, VA 23513
IND	Business Address, 12811 North Meridian Street, Carmel, IN 46032
IRV	Business Address, 6455 Irvine Center Drive, Irvine, CA 92618
LAO	Business Address, 333 South Hope Street, Los Angeles, CA 90071
LAO-W	Business Address, 11100 Santa Monica Blvd., 15th Floor, Los Angeles, CA 90025
NYO	Business Address, 630 Fifth Avenue, 36th Floor, New York, NY 10111
SFO	Business Address, One Market, Steuart Tower, Suite 1800, San Francisco, CA 94105
SNO	Business Address, 3500 Wiseman Boulevard, San Antonio, TX 78251

Item 33.

Location of Accounts and Records

Accounts, books and other records required by Rules 31a-1 and 31a-2 under the Investment Company Act of 1940, as amended, are maintained and held in the offices of the Registrant’s investment adviser, Capital Research and Management Company, 333 South Hope Street, Los Angeles, California 90071; 6455 Irvine Center Drive, Irvine, California 92618; and/or 5300 Robin Hood Road, Norfolk, Virginia 23513.

Registrant's records covering shareholder accounts are maintained and kept by its transfer agent, American Funds Service Company, 6455 Irvine Center Drive, Irvine, California 92618; 12811 North Meridian Street, Carmel, Indiana 46032; 10001 North 92nd Street, Suite 100, Scottsdale, Arizona 85258; 3500 Wiseman Boulevard, San Antonio, Texas 78251; and 5300 Robin Hood Road, Norfolk, Virginia 23513.

Registrant's records covering portfolio transactions are maintained and kept by its custodian, JPMorgan Chase Bank, 270 Park Avenue, New York, New York 10017-2070.

Item 34.

Management Services

None

Item 35.

Undertakings

n/a

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Los Angeles, and State of California, on the 26th day of November, 2010.

NEW PERSPECTIVE FUND, INC.

By /s/ Gina H. Despres

(Gina H. Despres, Vice Chairman)

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below on November 26, 2010, by the following persons in the capacities indicated.

	Signature	Title

(1)	Principal Executive Officer:

	/s/ Gina H. Despres (Gina H. Despres)	Vice Chairman

(2)	Principal Financial Officer and Principal Accounting Officer:

	/s/ Jennifer M. Buchheim (Jennifer M. Buchheim)	Treasurer

(3)	Directors:

	Elisabeth Allison*	Director
	Vanessa C. L. Chang*	Director

	/s/ Gina H. Despres (Gina H. Despres)	Vice Chairman

	Nicholas Donatiello, Jr.*	Director
	Robert A. Fox*	Director

	/s/ Gregg E. Ireland (Gregg E. Ireland)	Senior Vice President and Director

	Koichi Itoh*	Chairman of the Board (Independent and Non-Executive)
	William H. Kling*	Director

	/s/ Robert W. Lovelace (Robert W. Lovelace)	President and Director

	John G. McDonald*	Director
	William I. Miller*	Director
	Alessandro Ovi*	Director
	Rozanne L. Ridgway*	Director

*By /s/ Vincent P. Corti

(Vincent P. Corti, pursuant to a power of attorney filed herewith)

Counsel represents that this amendment does not contain disclosures that would make the amendment ineligible for effectiveness under the provisions of rule 485(b).

/s/ Timothy W. McHale

(Timothy W. McHale)

POWER OF ATTORNEY

I, Elisabeth Allison, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-	EuroPacific Growth Fund (File No. 002-83847, File No. 811-03734)

-	New Perspective Fund (File No. 002-47749, File No. 811-02333)

-	American Funds New World Fund (File No. 333-67455, File No. 811-09105)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti

Patrick F. Quan

Kimberly S. Verdick

Steven I. Koszalka

Julie E. Lawton

Tanya Schneider

Raymond F. Sullivan, Jr.

Courtney R. Taylor

Bryan K. Nielsen

each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission. I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Los Angeles, CA, this 5th day of March, 2010.

(City, State)

/s/ Elisabeth Allison

Elisabeth Allison, Board member

POWER OF ATTORNEY

I, Vanessa C. L. Chang, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-	EuroPacific Growth Fund (File No. 002-83847, File No. 811-03734)

-	New Perspective Fund (File No. 002-47749, File No. 811-02333)

-	American Funds New World Fund (File No. 333-67455, File No. 811-09105)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti

Patrick F. Quan

Kimberly S. Verdick

Steven I. Koszalka

Julie E. Lawton

Tanya Schneider

Raymond F. Sullivan, Jr.

Courtney R. Taylor

Bryan K. Nielsen

EXECUTED at Los Angeles, CA, this 5th day of March, 2010.

(City, State)

/s/ Vanessa C. L. Chang

Vanessa C. L. Chang, Board member

POWER OF ATTORNEY

I, Nicholas Donatiello, Jr., the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-	EuroPacific Growth Fund (File No. 002-83847, File No. 811-03734)

-	New Perspective Fund (File No. 002-47749, File No. 811-02333)

-	American Funds New World Fund (File No. 333-67455, File No. 811-09105)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti

Patrick F. Quan

Kimberly S. Verdick

Steven I. Koszalka

Julie E. Lawton

Tanya Schneider

Raymond F. Sullivan, Jr.

Courtney R. Taylor

Bryan K. Nielsen

EXECUTED at Los Angeles, CA, this 5th day of March, 2010.

(City, State)

/s/ Nicholas Donatiello, Jr.

Nicholas Donatiello, Jr., Board member

POWER OF ATTORNEY

I, Robert A. Fox, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-	American Balanced Fund (File No. 002-10758, File No. 811-00066)

-	EuroPacific Growth Fund (File No. 002-83847, File No. 811-03734)

-	American Funds Fundamental Investors (File No. 002-10760, File No. 811-00032)

-	The Growth Fund of America (File No. 002-14728, File No. 811-00862)

-	The Income Fund of America (File No. 002-33371, File No. 811-01880)

-	International Growth and Income Fund (File No. 333-152323, File No. 811-22215)

-	New Perspective Fund (File No. 002-47749, File No. 811-02333)

-	American Funds New World Fund (File No. 333-67455, File No. 811-09105)

-	SMALLCAP World Fund (File No. 033-32785, File No. 811-05888)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti

Patrick F. Quan

Kimberly S. Verdick

Steven I. Koszalka

Julie E. Lawton

Tanya Schneider

Raymond F. Sullivan, Jr.

Courtney R. Taylor

Jennifer M. Buchheim

Bryan K. Nielsen

Jeffrey P. Regal

Neal F. Wellons

EXECUTED at Los Angeles, CA, this 5th day of March, 2010.

(City, State)

/s/ Robert A. Fox

Robert A. Fox, Board member

POWER OF ATTORNEY

I, Koichi Itoh, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-	Capital Income Builder (File No. 033-12967, File No. 811-05085)

-	Capital World Growth and Income Fund (File No. 033-54444, File No. 811-07338)

-	EuroPacific Growth Fund (File No. 002-83847, File No. 811-03734)

-	The New Economy Fund (File No. 002-83848, File No. 811-03735)

-	New Perspective Fund (File No. 002-47749, File No. 811-02333)

-	American Funds New World Fund (File No. 333-67455, File No. 811-09105)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti

Patrick F. Quan

Kimberly S. Verdick

Steven I. Koszalka

Julie E. Lawton

Tanya Schneider

Raymond F. Sullivan, Jr.

Courtney R. Taylor

Bryan K. Nielsen

Jeffrey P. Regal

Neal F. Wellons

EXECUTED at Los Angeles, CA, this 5th day of March, 2010.

(City, State)

/s/ Koichi Itoh

Koichi Itoh, Board member

POWER OF ATTORNEY

I, William H. Kling, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-	AMCAP Fund (File No. 002-26516, File No. 811-01435)

-	American Mutual Fund (File No. 002-10607, File No. 811-00572)

-	EuroPacific Growth Fund (File No. 002-83847, File No. 811-03734)

-	American Funds Fundamental Investors (File No. 002-10760, File No. 811-00032)

-	The Growth Fund of America (File No. 002-14728, File No. 811-00862)

-	The Investment Company of America (File No. 002-10811, File No. 811-00116)

-	New Perspective Fund (File No. 002-47749, File No. 811-02333)

-	American Funds New World Fund (File No. 333-67455, File No. 811-09105)

-	SMALLCAP World Fund (File No. 033-32785, File No. 811-05888)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti

Patrick F. Quan

Kimberly S. Verdick

Steven I. Koszalka

Julie E. Lawton

Tanya Schneider

Raymond F. Sullivan, Jr.

Courtney R. Taylor

Karl C. Grauman

Bryan K. Nielsen

Jeffrey P. Regal

Carmelo Spinella

Neal F. Wellons

EXECUTED at Los Angeles, CA, this 5th day of March, 2010.

(City, State)

/s/ William H. Kling

William H. Kling, Board member

POWER OF ATTORNEY

I, John G. McDonald, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-	AMCAP Fund (File No. 002-26516, File No. 811-01435)

-	American Balanced Fund (File No. 002-10758, File No. 811-00066)

-	American Mutual Fund (File No. 002-10607, File No. 811-00572)

-	EuroPacific Growth Fund (File No. 002-83847, File No. 811-03734)

-	American Funds Fundamental Investors (File No. 002-10760, File No. 811-00032)

-	The Growth Fund of America (File No. 002-14728, File No. 811-00862)

-	The Income Fund of America (File No. 002-33371, File No. 811-01880)

-	International Growth and Income Fund (File No. 333-152323, File No. 811-22215)

-	The Investment Company of America (File No. 002-10811, File No. 811-00116)

-	New Perspective Fund (File No. 002-47749, File No. 811-02333)

-	American Funds New World Fund (File No. 333-67455, File No. 811-09105)

-	SMALLCAP World Fund (File No. 033-32785, File No. 811-05888)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti

Patrick F. Quan

Kimberly S. Verdick

Steven I. Koszalka

Julie E. Lawton

Tanya Schneider

Raymond F. Sullivan, Jr.

Courtney R. Taylor

Jennifer M. Buchheim

Karl C. Grauman

Bryan K. Nielsen

Jeffrey P. Regal

Carmelo Spinella

Neal F. Wellons

EXECUTED at Los Angeles, CA, this 5th day of March, 2010.

(City, State)

/s/ John G. McDonald

John G. McDonald, Board member

POWER OF ATTORNEY

I, William I. Miller, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-	EuroPacific Growth Fund (File No. 002-83847, File No. 811-03734)

-	New Perspective Fund (File No. 002-47749, File No. 811-02333)

-	American Funds New World Fund (File No. 333-67455, File No. 811-09105)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti

Patrick F. Quan

Kimberly S. Verdick

Steven I. Koszalka

Julie E. Lawton

Tanya Schneider

Raymond F. Sullivan, Jr.

Courtney R. Taylor

Bryan K. Nielsen

EXECUTED at Los Angeles, CA, this 5th day of March, 2010.

(City, State)

/s/ William I. Miller

William I. Miller, Board member

POWER OF ATTORNEY

I, Alessandro Ovi, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-	EuroPacific Growth Fund (File No. 002-83847, File No. 811-03734)

-	New Perspective Fund (File No. 002-47749, File No. 811-02333)

-	American Funds New World Fund (File No. 333-67455, File No. 811-09105)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti

Patrick F. Quan

Kimberly S. Verdick

Steven I. Koszalka

Julie E. Lawton

Tanya Schneider

Raymond F. Sullivan, Jr.

Courtney R. Taylor

Bryan K. Nielsen

EXECUTED at Los Angeles, CA, this 5th day of March, 2010.

(City, State)

/s/ Alessandro Ovi

Alessandro Ovi, Board member

POWER OF ATTORNEY

I, Rozanne L. Ridgway, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-	EuroPacific Growth Fund (File No. 002-83847, File No. 811-03734)

-	New Perspective Fund (File No. 002-47749, File No. 811-02333)

-	American Funds New World Fund (File No. 333-67455, File No. 811-09105)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti

Patrick F. Quan

Kimberly S. Verdick

Steven I. Koszalka

Julie E. Lawton

Tanya Schneider

Raymond F. Sullivan, Jr.

Courtney R. Taylor

Bryan K. Nielsen

EXECUTED at Los Angeles, CA, this 5th day of March, 2010.

(City, State)

/s/ Rozanne L. Ridgway

Rozanne L. Ridgway, Board member

Share class (before taxes)	Inception date	1 year	5 years	Lifetime
B	3/15/2000	31.40%	4.64%	3.16%
C	3/15/2001	35.39	4.89	5.29
F-1	3/15/2001	37.48	5.73	6.13
F-2	8/1/2008	37.80	N/A	–1.33
529-A	2/15/2002	29.46	4.43	6.78
529-B	2/15/2002	31.25	4.51	6.68
529-C	2/15/2002	35.28	4.82	6.69
529-E	3/1/2002	36.98	5.36	7.00
529-F-1	9/17/2002	37.67	5.87	10.98

Purchase minimums (for all share classes)
To establish an account (including retirement plan and 529 accounts)	$250
For a payroll deduction retirement plan account, payroll deduction savings plan account or employer-sponsored 529 account	25
To add to an account	50
For a payroll deduction retirement plan account, payroll deduction savings plan account or employer-sponsored 529 account	25

Share class (before taxes)	Inception date	1 year	5 years	Lifetime
B	3/15/2000	36.40%	4.94%	3.16%
C	3/15/2001	36.39	4.89	5.29
F-1	3/15/2001	37.48	5.73	6.13
F-2	8/1/2008	37.80	N/A	–1.33
529-A	2/15/2002	37.33	5.67	7.59
529-B	2/15/2002	36.25	4.81	6.68
529-C	2/15/2002	36.28	4.82	6.69
529-E	3/1/2002	36.98	5.36	7.00
529-F-1	9/17/2002	37.67	5.87	10.98

/s/	VINCENT P. CORTI
	VINCENT P. CORTI
	SECRETARY

Shareholder fees (fees paid directly from your investment)
	Share classes
	A and 529-A	B and 529-B	C and 529-C	529-E	F-1, F-2 and 529-F-1
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	5.75%	none	none	none	none
Maximum deferred sales charge (load) (as a percentage of the amount redeemed)	none	5.00%	1.00%	none	none
Maximum sales charge (load) imposed on reinvested dividends	none	none	none	none	none
Redemption or exchange fees	none	none	none	none	none
Maximum annual account fee (529 share classes only)	$10	$10	$10	$10	$10

Summary of the primary differences among share classes
Class A shares
Initial sales charge	up to 5.75% (reduced for purchases of $25,000 or more and eliminated for purchases of $1 million or more)
Contingent deferred sales charge	none (except that a charge of 1.00% applies to certain redemptions made within one year following purchases of $1 million or more without an initial sales charge)
12b-1 fees	up to .25% annually (for Class 529-A shares, may not exceed .50% annually)
Dividends	generally higher than other classes due to lower annual expenses, but may be lower than Class F-1 shares, depending on relative expenses, and lower than Class F-2 shares due to 12b-1 fees
Purchase maximum	none
Conversion	none
Class B shares
Initial sales charge	none
Contingent deferred sales charge	starts at 5.00%, declining to 0% six years after purchase
12b-1 fees	up to 1.00% annually
Dividends	generally lower than Class A and F shares due to higher 12b-1 fees and other expenses, but higher than Class C shares due to lower other expenses
Purchase maximum	Class B shares may not be purchased or acquired except by exchange from Class B shares of other American Funds
Conversion	automatic conversion to Class A or 529-A shares in the month of the eight-year anniversary of the purchase date, reducing future annual expenses
Class C shares
Initial sales charge	none
Contingent deferred sales charge	1.00% if shares are sold within one year after purchase
12b-1 fees	up to 1.00% annually
Dividends	generally lower than other classes due to higher 12b-1 fees and other expenses
Purchase maximum	see the discussion regarding purchase minimums and maximums in “Purchase, exchange and sale of shares”
Conversion	automatic conversion to Class F-1 shares in the month of the 10-year anniversary of the purchase date, reducing future annual expenses (Class 529-C shares will not convert to Class 529-F-1 shares)
Class 529-E shares
Initial sales charge	none
Contingent deferred sales charge	none
12b-1 fees	currently up to .50% annually (may not exceed .75% annually)
Dividends	generally higher than Class 529-B and 529-C shares due to lower 12b-1 fees, but lower than Class 529-A and 529-F-1 shares due to higher 12b-1 fees
Purchase maximum	none
Conversion	none

Summary of the primary differences among share classes
Class F-1 shares
Initial sales charge	none
Contingent deferred sales charge	none
12b-1 fees	currently up to .25% annually (may not exceed .50% annually)
Dividends	generally higher than Class B and C shares due to lower 12b-1 fees, but may be higher than Class A shares, depending on relative expenses, and lower than Class F-2 shares due to 12b-1 fees
Purchase maximum	none
Conversion	none
Class F-2 shares
Initial sales charge	none
Contingent deferred sales charge	none
12b-1 fees	none
Dividends	generally higher than other classes due to absence of 12b-1 fees
Purchase maximum	none
Conversion	none

Contingent deferred sales charge on Class B shares
Year of redemption:	1	2	3	4	5	6	7+
Contingent deferred sales charge:	5%	4%	4%	3%	2%	1%	0%



MFGEPR-907-1210P Litho in USA CGD/RRD/8016		Investment Company File No. 811-02333

Item	Page no.
Certain investment limitations and guidelines	2
Description of certain securities and investment techniques	3
Fund policies	10
Management of the fund	12
Execution of portfolio transactions	40
Disclosure of portfolio holdings	43
Price of shares	45
Taxes and distributions	48
Purchase and exchange of shares	53
Sales charges	58
Sales charge reductions and waivers	61
Selling shares	66
Shareholder account services and privileges	67
General information	70
Appendix	77

Name, age and position with fund (year first elected as a director2)	Principal occupation(s) during the past five years	Number of portfolios3 overseen by director	Other directorships4 held by director during the past five years	Other relevant experience
Elisabeth Allison, 64 Director (1991)	Business Advisor, Harvard Medical School; former Partner, ANZI, Ltd. (transactional work, specializing in joint ventures and strategic alliances)	3	Helicos BioSciences Corporation; Color Kinetics (until 2007)	· Senior corporate management experience, international publishing company · Business consulting experience · Corporate board experience · Service as associate professor, economics · Service on advisory and trustee boards for educational, charitable, municipal and nonprofit organizations · Ph.D., business economics

Name, age and position with fund (year first elected as a director/officer2)	Principal occupation(s) during the past five years and positions held with affiliated entities or the Principal Underwriter of the fund	Number of portfolios3 overseen by director	Other directorships4 held by director during the past five years
Gina H. Despres, 69 Vice Chairman of the Board (1991)	Senior Vice President, Capital Research and Management Company; Senior Vice President, Capital Strategy Research, Inc.*	4	None
Robert W. Lovelace, 48 President and Director (2001)	Executive Vice President and Director, Capital Research and Management Company; Senior Vice President – Capital World Investors, Capital Research and Management Company; Director, The Capital Group Companies, Inc.*	2	None
Gregg E. Ireland, 60 Senior Vice President and Director (1991)	Senior Vice President – Capital World Investors, Capital Research and Management Company	1	None

Name, age and position with fund (year first elected as an officer2)	Principal occupation(s) during the past five years and positions held with affiliated entities or the Principal Underwriter of the fund
Michael J. Thawley, 60 Executive Vice President (2008)	Senior Vice President, Capital Research and Management Company; Senior Vice President, Capital Strategy Research, Inc.*; former Australian Ambassador to the United States
Catherine M. Ward, 63 Senior Vice President (1991)	Senior Vice President and Director, Capital Research and Management Company; Director, American Funds Service Company; Chairperson, President and Director, Capital Group Research, Inc.
Brady L. Enright, 43 Vice President (2008)	Senior Vice President – Capital World Investors, Capital Research and Management Company

Name, age and position with fund (year first elected as an officer2)	Principal occupation(s) during the past five years and positions held with affiliated entities or the Principal Underwriter of the fund
F. Galen Hoskin, 46 Vice President (2003)	Senior Vice President – Capital World Investors, Capital Research Company*
Joanna F. Jonsson, 47 Vice President (2008)	Senior Vice President – Capital World Investors, Capital Research Company; Director, American Funds Distributors, Inc.; Director, Capital International Limited*
Jonathan Knowles, Ph.D., 49 Vice President (1998)	Director, Capital Research and Management Company; Senior Vice President – Capital World Investors, Capital Research Company*
Vincent P. Corti, 54 Secretary (1984)	Vice President – Fund Business Management Group, Capital Research and Management Company
Jennifer M. Buchheim, 37 Treasurer (2005)	Vice President – Fund Business Management Group, Capital Research and Management Company
Tanya Schneider, 38 Assistant Secretary (2007)	Assistant Vice President – Fund Business Management Group, Capital Research and Management Company

Share classes	1 year	3 years	5 years	10 years
A	$651	$813	$ 989	$1,497
B	658	890	1,045	1,641
C	262	502	866	1,889
F-1	83	259	450	1,002
F-2	56	176	307	689
529-A	677	870	1,078	1,668
529-B	688	959	1,154	1,842
529-C	288	559	954	2,053
529-E	136	401	685	1,488
529-F-1	85	244	416	904

Share classes	1 year	3 years	5 years	10 years
B	$158	$490	$ 845	$1,641
C	162	502	866	1,889
529-B	188	559	954	1,842
529-C	188	559	954	2,053

Name	Dollar range1 of fund shares owned	Aggregate dollar range1 of shares owned in all funds in the American Funds family overseen by director	Dollar range1,2 of independent directors deferred compensation3 allocated to fund	Aggregate dollar range1,2 of independent directors deferred compensation3 allocated to all funds within American Funds family overseen by director
“Independent” directors
Elisabeth Allison	Over $100,000	Over $100,000	N/A	N/A
Vanessa C.L. Chang	Over $100,000	Over $100,000	N/A	N/A
Nicholas Donatiello, Jr.	$10,001 – $50,000	$50,001 – $100,000	N/A	N/A
Robert A. Fox	Over $100,000	Over $100,000	Over $100,000	Over $100,000
Koichi Itoh	Over $100,000	Over $100,000	Over $100,000	Over $100,000
William H. Kling	Over $100,000	Over $100,000	N/A	N/A
John G. McDonald	Over $100,000	Over $100,000	N/A	N/A
William I. Miller	Over $100,000	Over $100,000	Over $100,000	Over $100,000
Alessandro Ovi	$10,001 – $50,000	Over $100,000	$10,001 – $50,000	Over $100,000
Rozanne L. Ridgway	$50,001 – $100,000	$50,001 – $100,000	Over $100,000	Over $100,000

Name	Aggregate compensation (including voluntarily deferred compensation1) from the fund		Total compensation (including voluntarily deferred compensation1) from all funds managed by Capital Research and Management Company or its affiliates2
Elisabeth Allison		$41,583			$125,250
Vanessa C.L. Chang		43,416			130,750
Nicholas Donatiello, Jr.		43,249			130,250
Robert A. Fox3		36,225			328,757
Koichi Itoh3		41,701			248,575
William H. Kling		35,671			336,070
John G. McDonald3		31,833			339,625
William I. Miller3		40,583			122,250
Alessandro Ovi3		44,249		135,250
Rozanne L. Ridgway3		44,168		135,139

Name and address	Ownership	Ownership percentage
Edward D. Jones & Co. Omnibus Account Maryland Heights, MO	Record	Class A Class B	16.59% 10.99
First Clearing, LLC Custody Account St. Louis, MO	Record	Class A Class B Class C Class F-1	6.36 5.88 9.56 14.77
Pershing, LLC Jersey City, NJ	Record	Class A Class B Class C Class F-1 Class F-2	5.02 6.68 6.46 22.18 8.69
Merrill Lynch Omnibus Account Jacksonville, FL	Record	Class C Class F-2	15.95 34.07
Citigroup Global Markets, Inc. Omnibus Account New York, NY	Record	Class C Class F-1	11.47 9.37
Charles Schwab & Co., Inc. Custody Account San Francisco, CA	Record	Class F-1 Class F-2 Class R-4 Class R-5	7.19 6.59 7.24 5.74
UBS WM USA Omnibus Account Jersey City, NJ	Record	Class F-1	6.34
Capital Guardian Trust Company Capital Group Private Client Services Account #1 Los Angeles, CA	Record Beneficial	Class F-2	17.63
Capital Guardian Trust Company Capital Group Private Client Services Account #2 Los Angeles, CA	Record Beneficial	Class F-2	8.32
LPL Financial Omnibus Account San Diego, CA	Record	Class F-2	5.27
Hartford Life Insurance Co. Separate Account 401K Plan Hartford, CT	Record Beneficial	Class R-1 Class R-3	48.52 6.80
ING Life Insurance & Annuity Hartford, CT	Record	Class R-3 Class R-4	18.35 15.50
NFS, LLC FEBO Transamerica Life Insurance Los Angeles, CA	Record Beneficial	Class R-3	6.60
Principal Financial Group Omnibus Account Des Moines, IA	Record	Class R-3	5.35

Portfolio counselor	Dollar range of fund shares owned1	Number of other registered investment companies (RICs) for which portfolio counselor is a manager (assets of RICs in billions)2		Number of other pooled investment vehicles (PIVs) for which portfolio counselor is a manager (assets of PIVs in billions)3		Number of other accounts for which portfolio counselor is a manager (assets of other accounts in billions)4
Robert W. Lovelace	Over $1,000,000	3	$226.9	1	$0.96	None
Gregg E. Ireland	Over $1,000,000	2	$255.7	1	$0.09	None
Brady L. Enright	$100,001 – $500,000	2	$65.6	None		None
Joanna F. Jonsson	$500,001 – $1,000,000	1	$65.6	1	$0.09	None
Jonathan Knowles	None5	2	$123.3	None		None
Dina N. Perry	Over $1,000,000	3	$159.3	1	$0.96	None
Steven T. Watson	$500,001 – $1,000,000	3	$174.1	None		None

	Administrative services fee
Class C	$2,403,000
Class F-1	1,453,000
Class F-2	442,000
Class 529-A	1,005,000
Class 529-B	139,000
Class 529-C	282,000
Class 529-E	57,000
Class 529-F-1	21,000
Class R-1	100,000
Class R-2	2,437,000
Class R-3	2,320,000
Class R-4	1,424,000
Class R-5	1,431,000
Class R-6	822,000

	Fiscal year		Commissions, revenue or fees retained		Allowance or compensation to dealers
Class A		2010		$ 6,114,000	$27,836,000
		2009		4,886,000	22,112,000
		2008		12,038,000	53,084,000
Class B		2010		—	—
		2009		149,000	947,000
		2008		270,000	3,736,000
Class C		2010		152,000	1,394,000
		2009		402,000	1,071,000
		2008		568,000	2,695,000
Class 529-A		2010		547,000	2,623,000
		2009		459,000	2,211,000
		2008		734,000	3,401,000
Class 529-B		2010		—	—
		2009		23,000	140,000
		2008		28,000	425,000
Class 529-C		2010		30,000	260,000
		2009		—	247,000
		2008		4,000	374,000

Share class	Service related payments1	Distribution related payments1	Total allowable under the Plans2
Class C	0.25%	0.75%	1.00%
Class 529-C	0.25	0.75	1.00
Class F-1	0.25	—	0.50
Class 529-F-1	0.25	—	0.50
Class 529-E	0.25	0.25	0.75
Class R-1	0.25	0.75	1.00
Class R-2	0.25	0.50	1.00
Class R-3	0.25	0.25	0.75
Class R-4	0.25	—	0.50

	12b-1 expenses	12b-1 unpaid liability outstanding
Class A	$74,081,000	$5,690,000
Class B	8,912,000	638,000
Class C	13,836,000	1,172,000
Class F-1	2,401,000	264,000
Class 529-A	1,769,000	147,000
Class 529-B	1,021,000	81,000
Class 529-C	2,145,000	212,000
Class 529-E	236,000	21,000
Class 529-F-1	—	—
Class R-1	605,000	58,000
Class R-2	4,127,000	355,000
Class R-3	5,620,000	487,000
Class R-4	2,377,000	218,000

	(b) parents and children, including parents and children in step and adoptive relationships, sons-in-law and daughters-in-law , and (c) parents-in-law, if the Eligible Persons or the spouses, children or parents of the Eligible Persons are listed in the account registration with the parents-in-law) of dealers who have sales agreements with the Principal Underwriter (or who clear transactions through such dealers), plans for the dealers, and plans that include as participants only the Eligible Persons, their spouses, parents and/or children;
(3)	currently registered investment advisers (“RIAs”) and assistants directly employed by such RIAs, retired RIAs with respect to accounts established while active, or full-time employees (collectively, “Eligible Persons”) (and their (a) spouses or equivalents if recognized under local law, (b) parents and children, including parents and children in step and adoptive relationships, sons-in-law and daughters-in-law and (c) parents-in-law, if the Eligible Persons or the spouses, children or parents of the Eligible Persons are listed in the account registration with the parents-in-law) of RIA firms that are authorized to sell shares of the funds, plans for the RIA firms, and plans that include as participants only the Eligible Persons, their spouses, parents and/or children;
(4)	companies exchanging securities with the fund through a merger, acquisition or exchange offer;
(5)	insurance company separate accounts;
(6)	accounts managed by subsidiaries of The Capital Group Companies, Inc.;
(7)	The Capital Group Companies, Inc., its affiliated companies and Washington Management Corporation;
(8)	an individual or entity with a substantial business relationship with The Capital Group Companies, Inc. or its affiliates, or an individual or entity related or relating to such individual or entity;
(9)	wholesalers and full-time employees directly supporting wholesalers involved in the distribution of insurance company separate accounts whose underlying investments are managed by any affiliate of The Capital Group Companies, Inc.; and
(10)	full-time employees of banks that have sales agreements with the Principal Underwriter, who are solely dedicated to directly supporting the sale of mutual funds.

Net asset value and redemption price per share (Net assets divided by shares outstanding)		$26.54
Maximum offering price per share (100/94.25 of net asset value per share, which takes into account the fund’s current maximum sales charge)		$28.16

	Fund numbers
Fund	Class A	Class B	Class C	Class F-1	Class F-2
Stock and stock/bond funds
AMCAP Fund®	002	202	302	402	602
American Balanced Fund®	011	211	311	411	611
American Mutual Fund®	003	203	303	403	603
Capital Income Builder®	012	212	312	412	612
Capital World Growth and Income FundSM	033	233	333	433	633
EuroPacific Growth Fund®	016	216	316	416	616
Fundamental InvestorsSM	010	210	310	410	610
The Growth Fund of America®	005	205	305	405	605
The Income Fund of America®	006	206	306	406	606
International Growth and Income FundSM	034	234	334	434	634
The Investment Company of America®	004	204	304	404	604
The New Economy Fund®	014	214	314	414	614
New Perspective Fund®	007	207	307	407	607
New World Fund®	036	236	336	436	636
SMALLCAP World Fund®	035	235	335	435	635
Washington Mutual Investors FundSM	001	201	301	401	601
Bond funds
American Funds Mortgage FundSM	042	242	342	442	642
American Funds Short-Term Tax-Exempt Bond FundSM	039	N/A	N/A	439	639
American Funds Tax-Exempt Fund of New YorkSM	041	241	341	441	641
American High-Income Municipal Bond Fund®	040	240	340	440	640
American High-Income TrustSM	021	221	321	421	621
The Bond Fund of AmericaSM	008	208	308	408	608
Capital World Bond Fund®	031	231	331	431	631
Intermediate Bond Fund of AmericaSM	023	223	323	423	623
Limited Term Tax-Exempt Bond Fund of AmericaSM	043	243	343	443	643
Short-Term Bond Fund of AmericaSM	048	248	348	448	648
The Tax-Exempt Bond Fund of America®	019	219	319	419	619
The Tax-Exempt Fund of California®*	020	220	320	420	620
The Tax-Exempt Fund of Maryland®*	024	224	324	424	624
The Tax-Exempt Fund of Virginia®*	025	225	325	425	625
U.S. Government Securities FundSM	022	222	322	422	622
Money market fund
American Funds Money Market Fund®	059	259	359	459	659

	Fund numbers
Fund	Class 529-A	Class 529-B	Class 529-C	Class 529-E	Class 529-F-1
Stock and stock/bond funds
AMCAP Fund	1002	1202	1302	1502	1402
American Balanced Fund	1011	1211	1311	1511	1411
American Mutual Fund	1003	1203	1303	1503	1403
Capital Income Builder	1012	1212	1312	1512	1412
Capital World Growth and Income Fund	1033	1233	1333	1533	1433
EuroPacific Growth Fund	1016	1216	1316	1516	1416
Fundamental Investors	1010	1210	1310	1510	1410
The Growth Fund of America	1005	1205	1305	1505	1405
The Income Fund of America	1006	1206	1306	1506	1406
International Growth and Income Fund	1034	1234	1334	1534	1434
The Investment Company of America	1004	1204	1304	1504	1404
The New Economy Fund	1014	1214	1314	1514	1414
New Perspective Fund	1007	1207	1307	1507	1407
New World Fund	1036	1236	1336	1536	1436
SMALLCAP World Fund	1035	1235	1335	1535	1435
Washington Mutual Investors Fund	1001	1201	1301	1501	1401
Bond funds
American Funds Mortgage Fund	1042	1242	1342	1542	1442
American High-Income Trust	1021	1221	1321	1521	1421
The Bond Fund of America	1008	1208	1308	1508	1408
Capital World Bond Fund	1031	1231	1331	1531	1431
Intermediate Bond Fund of America	1023	1223	1323	1523	1423
Short-Term Bond Fund of America	1048	1248	1348	1548	1448
U.S. Government Securities Fund	1022	1222	1322	1522	1422
Money market fund
American Funds Money Market Fund	1059	1259	1359	1559	1459

	Fund numbers
Fund		Class R-1	Class R-2	Class R-3	Class R-4	Class R-5	Class R-6
Stock and stock/bond funds
AMCAP Fund		2102	2202	2302	2402	2502	2602
American Balanced Fund		2111	2211	2311	2411	2511	2611
American Mutual Fund		2103	2203	2303	2403	2503	2603
Capital Income Builder		2112	2212	2312	2412	2512	2612
Capital World Growth and Income Fund		2133	2233	2333	2433	2533	2633
EuroPacific Growth Fund		2116	2216	2316	2416	2516	2616
Fundamental Investors		2110	2210	2310	2410	2510	2610
The Growth Fund of America		2105	2205	2305	2405	2505	2605
The Income Fund of America		2106	2206	2306	2406	2506	2606
International Growth and Income Fund		2134	2234	2334	2434	2534	2634
The Investment Company of America		2104	2204	2304	2404	2504	2604
The New Economy Fund		2114	2214	2314	2414	2514	2614
New Perspective Fund		2107	2207	2307	2407	2507	2607
New World Fund		2136	2236	2336	2436	2536	2636
SMALLCAP World Fund		2135	2235	2335	2435	2535	2635
Washington Mutual Investors Fund		2101	2201	2301	2401	2501	2601
Bond funds
American Funds Mortgage Fund		2142	2242	2342	2442	2542	2642
American High-Income Trust		2121	2221	2321	2421	2521	2621
The Bond Fund of America		2108	2208	2308	2408	2508	2608
Capital World Bond Fund		2131	2231	2331	2431	2531	2631
Intermediate Bond Fund of America		2123	2223	2323	2423	2523	2623
Short-Term Bond Fund of America		2148	2248	2348	2448	2548	2648
U.S. Government Securities Fund		2122	2222	2322	2422	2522	2622
Money market fund
American Funds Money Market Fund		2159	2259	2359	2459	2559	2659