Apr. 06, 2017

U.S. Government Securities Fund®

U.S. Government Securities Fund®

Prospectus Supplement

April 7, 2017

For the following funds with prospectuses dated April 7, 2017:

AMCAP Fund® American Balanced Fund® American Funds Corporate Bond Fund^SM American Funds Developing World Growth and Income Fund^SM American Funds Emerging Markets Bond Fund^SM American Funds Global Balanced Fund^SM American Funds Inflation Linked Bond Fund® American Funds Mortgage Fund® American Funds Short-Term Tax-Exempt Bond Fund® American Funds Strategic Bond Fund^SM American Funds Tax-Exempt Fund of New York® American High-Income Municipal Bond Fund® American High-Income Trust® American Mutual Fund® The Bond Fund of America® Capital Income Builder® Capital World Bond Fund® EuroPacific Growth Fund® Fundamental Investors® The Growth Fund of America® The Income Fund of America® Intermediate Bond Fund of America® International Growth and Income Fund^SM The Investment Company of America® Limited Term Tax-Exempt Bond Fund of America® The New Economy Fund® New Perspective Fund® New World Fund® Short-Term Bond Fund of America® SMALLCAP World Fund,® Inc. The Tax-Exempt Bond Fund of America® The Tax-Exempt Fund of California® U.S. Government Securities Fund® Washington Mutual Investors Fund^SM

1. The following language is added to the end of the paragraph preceding the Fee and expense table:

“and in the sales charge waiver appendix to this prospectus.”

Keep this supplement with your prospectus.