ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
1401 H St. NW
Washington, DC
20005
INVESTMENT
COMPANY BLANKET BOND
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
1401 H St. NW
Washington, DC
20005
DECLARATIONS
NOTICE
This policy is
issued by your risk retention group. Your risk retention group may not be subject to all of the insurance laws and regulations
of your state. State insurance insolvency guaranty funds are not available for your risk retention group.
Item 1.
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Name of Insured (the "Insured")
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Bond Number
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|
Capital Research and Management Company
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87111112B
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Principal Office:
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Mailing Address:
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333 South Hope Street, 55
th
Floor
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333 South Hope Street, 55
th
Floor
|
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Los Angeles, CA 90071-1406
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Los Angeles, CA 90071-1406
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Item 2.
Bond Period: from 12:01 a.m. on
December 19, 2012
, to 12:01 a.m. on
December 19, 2013
, or the earlier effective
date of the termination of this Bond, standard time at the Principal Address as to each of said dates.
Item 3
.
Limit of Liability—
Subject to
Sections 9, 10 and 12 hereof:
|
Limit
of
liability
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Deductible
amount
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Insuring Agreement
A- FIDELITY
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$100,000,000
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$250,000
|
Insuring Agreement
B- AUDIT EXPENSE
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$50,000
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$10,000
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Insuring Agreement
C- ON PREMISES
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$100,000,000
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$250,000
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Insuring Agreement
D- IN TRANSIT
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$100,000,000
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$250,000
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Insuring Agreement
E- FORGERY OR ALTERATION
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$100,000,000
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$250,000
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Insuring Agreement
F- SECURITIES
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$100,000,000
|
$250,000
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Insuring Agreement
G- COUNTERFEIT CURRENCY
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$100,000,000
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$250,000
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Insuring Agreement
H- UNCOLLECTIBLE ITEMS OF DEPOSIT
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$25,000
|
$5,000
|
Insuring Agreement
I- PHONE/ELECTRONIC TRANSACTIONS
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$100,000,000
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$250,000
|
If “Not
Covered” is inserted opposite any Insuring Agreement above, such Insuring Agreement and any reference thereto shall be deemed
to be deleted from this Bond.
OPTIONAL INSURING
AGREEMENTS ADDED BY RIDER:
Insuring
Agreement J- COMPUTER SECURITY
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$100,000,000
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$250,000
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Item
4.
Offices or Premises Covered--All the Insured's offices or other premises in existence at the time this Bond becomes
effective are covered under this Bond, except the offices or other premises excluded by Rider. Offices or other premises acquired
or established after the effective date of this Bond are covered subject to the terms of General Agreement A.
Item 5.
The liability of ICI Mutual
Insurance Company (the "Underwriter") is subject to the terms of the following Riders attached hereto:
Riders: 1-2-3-4-5-6-7-8-9-10-11-12-13-14-15-16
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and of all
Riders applicable to this Bond issued during the Bond Period.
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By: _____
/S/
John Mulligan
_________
Authorized Representative
INVESTMENT
COMPANY BLANKET BOND
NOTICE
This policy
is issued by your risk retention group. Your risk retention group may not be subject to all of the insurance laws and regulations
of your state. State insurance insolvency guaranty funds are not available for your risk retention group.
ICI Mutual
Insurance Company, a Risk Retention Group (the “Underwriter”), in consideration of an agreed premium, and in reliance
upon the Application and all other information furnished to the Underwriter by the Insured, and subject to and in accordance with
the Declarations, General Agreements, Provisions, Conditions and Limitations and other terms of this bond (including all riders
hereto) (“Bond”), to the extent of the Limit of Liability and subject to the Deductible Amount, agrees to indemnify
the Insured for the loss, as described in the Insuring Agreements, sustained by the Insured at any time but discovered during
the Bond Period.
INSURING
AGREEMENTS
A. FIDELITY
Loss
caused by any Dishonest or Fraudulent Act or Theft committed by an Employee anywhere, alone or in collusion with other persons
(whether or not Employees), during the time such Employee has the status of an Employee as defined herein, and even if such loss
is not discovered until after he or she ceases to be an Employee, EXCLUDING loss covered under Insuring Agreement B.
B. AUDIT EXPENSE
Expense
incurred by the Insured for that part of audits or examinations required by any governmental regulatory authority or Self Regulatory
Organization to be conducted by such authority or Organization or by an independent accountant or other person, by reason of the
discovery of loss sustained by the Insured and covered by this Bond.
C. ON PREMISES
Loss
resulting from Property that is (1) located or reasonably believed by the Insured to be located within the Insured’s offices
or premises, and (2) the object of Theft, Dishonest or Fraudulent Act, or Mysterious Disappearance, EXCLUDING loss covered under
Insuring Agreement A.
D. IN TRANSIT
Loss
resulting from Property that is (1) in transit in the custody of any person authorized by an Insured to act as a messenger, except
while in the mail or with a carrier for hire (other than a Security Company), and (2) the object of Theft, Dishonest or Fraudulent
Act, or Mysterious Disappearance, EXCLUDING loss covered under Insuring Agreement A. Property is “in transit” beginning
immediately upon receipt of such Property by the transporting person and ending immediately upon delivery at the specified destination.
Loss
caused by the Forgery or Alteration of or on (1) any bills of exchange, checks, drafts, or other written orders or directions
to pay certain sums in money, acceptances, certificates of deposit, due bills, money orders, or letters of credit; or (2) other
written instructions, requests or applications to the Insured, authorizing or acknowledging the transfer, payment, redemption,
delivery or receipt of Property, or giving notice of any bank account, which instructions or requests or applications purport
to have been signed or endorsed by (a) any customer of the Insured, or (b) any shareholder of or subscriber to shares issued by
any Investment Company, or (c) any financial or banking institution or stockbroker; or (3) withdrawal orders or receipts for the
withdrawal of Property, or receipts or certificates of deposit for Property and bearing the name of the Insured as issuer or of
another Investment Company for which the Insured acts as agent. This Insuring Agreement E does not cover loss caused by Forgery
or Alteration of Securities or loss covered under Insuring Agreement A.
Loss
resulting from the Insured, in good faith, in the ordinary course of business, and in any capacity whatsoever, whether for its
own account or for the account of others, having acquired, accepted or received, or sold or delivered, or given any value, extended
any credit or assumed any liability on the faith of any Securities, where such loss results from the fact that such Securities
(1) were Counterfeit, or (2) were lost or stolen, or (3) contain a Forgery or Alteration, and notwithstanding whether or not the
act of the Insured causing such loss violated the constitution, by-laws, rules or regulations of any Self Regulatory Organization,
whether or not the Insured was a member thereof, EXCLUDING loss covered under Insuring Agreement A.
G.
COUNTERFEIT
CURRENCY
Loss
caused by the Insured in good faith having received or accepted (1) any money orders which prove to be Counterfeit or to contain
an Alteration or (2) paper currencies or coin of the United States of America or Canada which prove to be Counterfeit. This Insuring
Agreement G does not cover loss covered under Insuring Agreement A.
H. UNCOLLECTIBLE ITEMS
OF DEPOSIT
Loss
resulting from the payment of dividends, issuance of Fund shares or redemptions or exchanges permitted from an account with the
Fund as a consequence of
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(1)
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uncollectible
Items of Deposit of a Fund’s customer, shareholder or subscriber
credited by the Insured or its agent to such person’s Fund
account, or
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(2)
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any
Item of Deposit processed through an automated clearing house which
is reversed by a Fund’s customer, shareholder or subscriber
and is deemed uncollectible by the Insured;
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PROVIDED,
that (a) Items of Deposit shall not be deemed uncollectible until the Insured’s collection procedures have failed, (b) exchanges
of shares between Funds with exchange privileges shall be covered hereunder only if all such Funds are insured by the Underwriter
for uncollectible Items of Deposit, and (c) the Insured Fund shall have implemented and maintained a policy to hold Items of Deposit
for the minimum number of days stated in its Application (as amended from time to time) before paying any dividend or permitting
any withdrawal with respect to such Items of Deposit (other than exchanges between Funds). Regardless of the number of transactions
between Funds in an exchange program, the minimum number of days an Item of Deposit must be held shall begin from the date the
Item of Deposit was first credited to any Insured Fund.
This
Insuring Agreement H does not cover loss covered under Insuring Agreement A.
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I.
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PHONE/ELECTRONIC TRANSACTIONS
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Loss
caused by a Phone/Electronic Transaction, where the request for such Phone/Electronic Transaction:
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(1)
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is
transmitted to the Insured or its agents by voice over the telephone
or by Electronic Transmission; and
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(2)
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is
made by an individual purporting to be a Fund shareholder or subscriber
or an authorized agent of a Fund shareholder or subscriber; and
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(3)
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is
unauthorized or fraudulent and is made with the manifest intent to
deceive;
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PROVIDED,
that the entity receiving such request generally maintains and follows during the Bond Period all Phone/Electronic Transaction
Security Procedures with respect to all Phone/Electronic Transactions; and
EXCLUDING
loss resulting from:
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(1)
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the
failure to pay for shares attempted to be purchased; or
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(2)
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any
redemption of Investment Company shares which had been improperly
credited to a shareholder’s account where such shareholder
(a) did not cause, directly or indirectly, such shares to be credited
to such account, and (b) directly or indirectly received any proceeds
or other benefit from such redemption; or
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(3)
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any
redemption of shares issued by an Investment Company where the proceeds
of such redemption were requested to be paid or made payable to other
than (a) the Shareholder of Record, or (b) any other person or bank
account designated to receive redemption proceeds (i) in the initial
account application, or (ii) in writing (not to include Electronic
Transmission) accompanied by a signature guarantee; or
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(4)
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any
redemption of shares issued by an Investment Company where the proceeds
of such redemption were requested to be sent to other than any address
for such account which was designated (a) in the initial account
application, or (b) in writing (not to include Electronic Transmission),
where such writing is received at least one (1) day prior to such
redemption request, or (c) by voice over the telephone or by Electronic
Transmission at least fifteen (15) days prior to such redemption;
or
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(5)
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the
intentional failure to adhere to one or more Phone/Electronic Transaction
Security Procedures; or
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(6)
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a Phone/Electronic
Transaction request transmitted by electronic mail or transmitted
by any method not subject to the Phone/Electronic Transaction Security
Procedures; or
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(7)
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the
failure or circumvention of any physical or electronic protection
device, including any firewall, that imposes restrictions on the
flow of electronic traffic in or out of any Computer System.
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This
Insuring Agreement I does not cover loss covered under Insuring Agreement A, “Fidelity” or Insuring Agreement J, “Computer
Security”.
GENERAL
AGREEMENTS
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A.
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ADDITIONAL OFFICES OR EMPLOYEES—CONSOLIDATION
OR MERGER--NOTICE
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1.
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Except
as provided in paragraph 2 below, this Bond shall apply to any additional
office(s) established by the Insured during the Bond Period and to
all Employees during the Bond Period, without the need to give notice
thereof or pay additional premiums to the Underwriter for the Bond
Period.
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2.
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If during
the Bond Period an Insured Investment Company shall merge or consolidate
with an institution in which such Insured is the surviving entity,
or purchase substantially all the assets or capital stock of another
institution, or acquire or create a separate investment portfolio,
and shall within sixty (60) days notify the Underwriter thereof, then
this Bond shall automatically apply to the Property and Employees
resulting from such merger, consolidation, acquisition or creation
from the date thereof; provided, that the Underwriter may make such
coverage contingent upon the payment of an additional premium.
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B. WARRANTY
No
statement made by or on behalf of the Insured, whether contained in the Application or otherwise, shall be deemed to be an absolute
warranty, but only a warranty that such statement is true to the best of the knowledge of the person responsible for such statement.
C. COURT COSTS AND
ATTORNEYS’ FEES
The
Underwriter will indemnify the Insured against court costs and reasonable attorneys’ fees incurred and paid by the Insured
in defense of any legal proceeding brought against the Insured seeking recovery for any loss which, if established against the
Insured, would constitute a loss covered under the terms of this Bond; provided, however, that with respect to Insuring Agreement
A this indemnity shall apply only in the event that
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1.
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an Employee
admits to having committed or is adjudicated to have committed a Dishonest
or Fraudulent Act or Theft which caused the loss; or
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2.
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in the
absence of such an admission or adjudication, an arbitrator or arbitrators
acceptable to the Insured and the Underwriter concludes, after a review
of an agreed statement of facts, that an Employee has committed a
Dishonest or Fraudulent Act or Theft which caused the loss.
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The
Insured shall promptly give notice to the Underwriter of any such legal proceeding and upon request shall furnish the Underwriter
with copies of all pleadings and other papers therein. At the Underwriter's election the Insured shall permit the Underwriter
to conduct the defense of such legal proceeding in the Insured's name, through attorneys of the Underwriter's selection. In such
event, the Insured shall give all reasonable information and assistance which the Underwriter shall deem necessary to the proper
defense of such legal proceeding.
If
the amount of the Insured’s liability or alleged liability in any such legal proceeding is greater than the amount which
the Insured would be entitled to recover under this Bond (other than pursuant to this General Agreement C), or if a Deductible
Amount is applicable, or both, the indemnity liability of the Underwriter under this General Agreement C is limited to the proportion
of court costs and attorneys’ fees incurred and paid by the Insured or by the Underwriter that the amount which the Insured
would be entitled to recover under this Bond (other than pursuant to this General Agreement C) bears to the sum of such amount
plus the amount which the Insured is not entitled to recover. Such indemnity shall be in addition to the Limit of Liability for
the applicable Insuring Agreement.
This
Bond shall be interpreted with due regard to the purpose of fidelity bonding under Rule 17g-1 of the Investment Company Act of
1940 (i.e., to protect innocent third parties from harm) and to the structure of the investment management industry (in which
a loss of Property resulting from a cause described in any Insuring Agreement ordinarily gives rise to a potential legal liability
on the part of the Insured), such that the term “loss” as used herein shall include an Insured’s legal liability
for direct compensatory damages resulting directly from a misappropriation, or measurable diminution in value, of Property.
THIS BOND,
INCLUDING THE FOREGOING INSURING AGREEMENTS
AND GENERAL
AGREEMENTS, IS SUBJECT TO THE FOLLOWING
PROVISIONS,
CONDITIONS AND LIMITATIONS:
SECTION
1. DEFINITIONS
The
following terms used in this Bond shall have the meanings stated in this Section:
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A.
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“Alteration”
means the marking, changing or altering in a material way
of the terms, meaning or legal effect of a document with the intent
to deceive.
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B.
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“Application”
means the Insured’s application (and any attachments
and materials submitted in connection therewith) furnished to
the Underwriter for this Bond.
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C.
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“Computer
System”
means (1) computers with related peripheral
components, including storage components, (2) systems and applications
software, (3) terminal devices, (4) related communications networks
or customer communication systems, and (5) related electronic
funds transfer systems; by which data or monies are electronically
collected, transmitted, processed, stored or retrieved.
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D.
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“Counterfeit”
means, with respect to any item, one which is false but is
intended to deceive and to be taken for the original authentic
item.
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E.
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“Deductible
Amount”
means, with respect to any Insuring Agreement,
the amount set forth under the heading “Deductible Amount”
in Item 3 of the Declarations or in any Rider for such Insuring
Agreement, applicable to each Single Loss covered by such Insuring
Agreement.
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F.
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“Depository”
means any “securities depository” (other than
any foreign securities depository) in which an Investment Company
may deposit its Securities in accordance with Rule 17f-4 under
the Investment Company Act of 1940.
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G.
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“Dishonest
or Fraudulent Act”
means any dishonest or fraudulent
act, including “larceny and embezzlement” as defined
in Section 37 of the Investment Company Act of 1940, committed
with the conscious manifest intent (1) to cause the Insured to
sustain a loss and (2) to obtain financial benefit for the perpetrator
or any other person (other than salaries, commissions, fees, bonuses,
awards, profit sharing, pensions or other employee benefits).
A Dishonest or Fraudulent Act does not mean or include a reckless
act, a negligent act, or a grossly negligent act.
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H.
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“Electronic
Transmission”
means any transmission effected by electronic
means, including but not limited to a transmission effected by
telephone tones, Telefacsimile, wireless device, or over the Internet.
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(1)
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each
officer, director, trustee, partner or employee of the Insured, and
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(2)
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each
officer, director, trustee, partner or employee of any predecessor
of the Insured whose principal assets are acquired by the Insured
by consolidation or merger with, or purchase of assets or capital
stock of, such predecessor, and
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(3)
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each
attorney performing legal services for the Insured and each employee
of such attorney or of the law firm of such attorney while performing
services for the Insured, and
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(4)
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each
student who is an authorized intern of the Insured, while in any
of the Insured’s offices, and
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(5)
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each
officer, director, trustee, partner or employee of
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(a)
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an
investment adviser,
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(b)
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an
underwriter (distributor),
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(c)
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a transfer
agent or shareholder accounting recordkeeper, or
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(d)
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an
administrator authorized by written agreement to keep financial and/or
other required records,
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for
an Investment Company named as an Insured, BUT ONLY while (i) such officer, partner or employee is performing acts coming within
the scope of the usual duties of an officer or employee of an Insured, or (ii) such officer, director, trustee, partner or employee
is acting as a member of any committee duly elected or appointed to examine or audit or have custody of or access to the Property
of the Insured, or (iii) such director or trustee (or anyone acting in a similar capacity) is acting outside the scope of the
usual duties of a director or trustee;PROVIDED, that the term “Employee” shall not include any officer, director,
trustee, partner or employee of a transfer agent, shareholder accounting recordkeeper or administrator (x) which is not an “affiliated
person” (as defined in Section 2(a) of the Investment Company Act of 1940) of an Investment Company named as Insured or
of the adviser or underwriter of such Investment Company, or (y) which is a “Bank” (as defined in Section 2(a) of
the Investment Company Act of 1940), and
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(6)
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each
individual assigned, by contract or by any agency furnishing temporary
personnel, in either case on a contingent or part-time basis, to
perform the usual duties of an employee in any office of the Insured,
and
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(7)
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each
individual assigned to perform the usual duties of an employee or
officer of any entity authorized by written agreement with the Insured
to perform services as electronic data processor of checks or other
accounting records of the Insured, but excluding a processor which
acts as transfer agent or in any other agency capacity for the Insured
in issuing checks, drafts or securities, unless included under subsection
(5) hereof, and
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(8)
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each officer, partner or employee
of
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(a)
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any Depository or Exchange,
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(b)
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any nominee in whose name is registered
any Security included in the systems for the central handling of
securities established and maintained by any Depository, and
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(c)
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any recognized service company
which provides clerks or other personnel to any Depository or Exchange
on a contract basis,
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while such officer, partner
or employee is performing services for any Depository in the operation of systems for the central handling of securities, and
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(9)
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in
the case of an Insured which is an “employee benefit plan”
(as defined in Section 3 of the Employee Retirement Income Security
Act of 1974 (“ERISA”)) for officers, directors or employees
of another Insured (“In-House Plan”), any “fiduciary”
or other “plan official” (within the meaning of Section
412 of ERISA) of such In-House Plan, provided that such fiduciary
or other plan official is a director, partner, officer, trustee or
employee of an Insured (other than an In-House Plan).
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Each
employer of temporary personnel and each entity referred to in subsections (6) and (7) and their respective partners, officers
and employees shall collectively be deemed to be one person for all the purposes of this Bond.
Brokers,
agents, independent contractors, or representatives of the same general character shall not be considered Employees, except as
provided in subsections (3), (6), and (7).
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J.
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“Exchange”
means any national securities exchange registered under the
Securities Exchange Act of 1934.
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K.
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“Forgery”
means the physical signing on a document of the name of another
person (whether real or fictitious) with the intent to deceive.
A Forgery may be by means of mechanically reproduced facsimile
signatures as well as handwritten signatures. Forgery does not
include the signing of an individual’s own name, regardless
of such individual’s authority, capacity or purpose.
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L.
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“Items
of Deposit”
means one or more checks or drafts.
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M.
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“Investment
Company”
or
“Fund”
means an investment
company registered under the Investment Company Act of 1940.
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N.
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“Limit
of Liability”
means, with respect to any Insuring Agreement,
the limit of liability of the Underwriter for any Single Loss
covered by such Insuring Agreement as set forth under the heading
“Limit of Liability” in Item 3 of the Declarations
or in any Rider for such Insuring Agreement.
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O.
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“Mysterious
Disappearance”
means any disappearance of Property which,
after a reasonable investigation has been conducted, cannot be
explained.
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P.
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“Non-Fund”
means any corporation, business trust, partnership, trust
or other entity which is not an Investment Company.
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Q.
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“Phone/Electronic
Transaction Security Procedures”
means security procedures
for Phone/
Electronic Transactions as provided in writing to the Underwriter.
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R.
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“Phone/Electronic
Transaction”
means any (1) redemption of shares issued
by an Investment Company, (2) election concerning dividend options
available to Fund shareholders, (3) exchange of shares in a registered
account of one Fund into shares in an identically registered account
of another Fund in the same complex pursuant to exchange privileges
of the two Funds, or (4) purchase of shares issued by an Investment
Company, which redemption, election, exchange or purchase is requested
by voice over the telephone or through an Electronic Transmission.
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S.
|
“Property”
means the following tangible items: money, postage and revenue
stamps, precious metals, Securities, bills of exchange, acceptances,
checks, drafts, or other written orders or directions to pay sums
certain in money, certificates of deposit, due bills, money orders,
letters of credit, financial futures contracts, conditional sales
contracts, abstracts of title, insurance policies, deeds, mortgages,
and assignments of any of the foregoing, and other valuable papers,
including books of account and other records used by the Insured
in the conduct of its business, and all other instruments similar
to or in the nature of the foregoing (but excluding all data processing
records), (1) in which the Insured has a legally cognizable interest,
(2) in which the Insured acquired or should have acquired such
an interest by reason of a predecessor’s declared financial
condition at the time of the Insured’s consolidation or
merger with, or purchase of the principal assets of, such predecessor
or (3) which are held by the Insured for any purpose or in any
capacity.
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T.
|
“Securities”
means original negotiable or non-negotiable agreements or
instruments which represent an equitable or legal interest, ownership
or debt (including stock certificates, bonds, promissory notes,
and assignments thereof), which are in the ordinary course of
business and transferable by physical delivery with appropriate
endorsement or assignment. “Securities” does not include
bills of exchange, acceptances, certificates of deposit, checks,
drafts, or other written orders or directions to pay sums certain
in money, due bills, money orders, or letters of credit.
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U.
|
“Security
Company”
means an entity which provides or purports
to provide the transport of Property by secure means, including,
without limitation, by use of armored vehicles or guards.
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V.
|
“Self
Regulatory Organization”
means any association of investment
advisers or securities dealers registered under the federal securities
laws, or any Exchange.
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W.
|
“Shareholder
of Record”
means the record owner of shares issued by
an Investment Company or, in the case of joint ownership of such
shares, all record owners, as designated (1) in the initial account
application, or (2) in writing accompanied by a signature guarantee,
or (3) pursuant to procedures as set forth in the Application.
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(1)
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all
loss resulting from any one actual or attempted Theft committed by
one person, or
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(2)
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all
loss caused by any one act (other than a Theft or a Dishonest or
Fraudulent Act) committed by one person, or
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(3)
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all
loss caused by Dishonest or Fraudulent Acts committed by one person,
or
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(4)
|
all
expenses incurred with respect to any one audit or examination, or
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(5)
|
all
loss caused by any one occurrence or event other than those specified
in subsections (1) through (4) above.
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All
acts or omissions of one or more persons which directly or indirectly aid or, by failure to report or otherwise, permit the continuation
of an act referred to in subsections (1) through (3) above of any other person shall be deemed to be the acts of such other person
for purposes of this subsection.
All
acts or occurrences or events which have as a common nexus any fact, circumstance, situation, transaction or series of facts,
circumstances, situations, or transactions shall be deemed to be one act, one occurrence, or one event.
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Y.
|
“Telefacsimile”
means a system of transmitting and reproducing fixed graphic
material (as, for example, printing) by means of signals transmitted
over telephone lines or over the Internet.
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Z.
|
“Theft”
means robbery, burglary or hold-up, occurring with or without
violence or the threat of violence.
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SECTION
2. EXCLUSIONS
THIS BOND
DOES NOT COVER:
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A.
|
Loss resulting
from (1) riot or civil commotion outside the United States of America
and Canada, or (2) war, revolution, insurrection, action by armed forces,
or usurped power, wherever occurring; except if such loss occurs while
the Property is in transit, is otherwise covered under Insuring Agreement
D, and when such transit was initiated, the Insured or any person initiating
such transit on the Insured’s behalf had no knowledge of such riot,
civil commotion, war, revolution, insurrection, action by armed forces,
or usurped power.
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B.
|
Loss in
time of peace or war resulting from nuclear fission or fusion or radioactivity,
or biological or chemical agents or hazards, or fire, smoke, or explosion,
or the effects of any of the foregoing.
|
|
C.
|
Loss resulting
from any Dishonest or Fraudulent Act committed by any person while acting
in the capacity of a member of the Board of Directors or any equivalent
body of the Insured or of any other entity.
|
|
D.
|
Loss resulting
from any nonpayment or other default of any loan or similar transaction
made by the Insured or any of its partners, directors, officers or employees,
whether or not authorized and whether procured in good faith or through
a Dishonest or Fraudulent Act, unless such loss is otherwise covered
under Insuring Agreement A, E or F.
|
|
E.
|
Loss resulting
from any violation by the Insured or by any Employee of any law, or any
rule or regulation pursuant thereto or adopted by a Self Regulatory Organization,
regulating the issuance, purchase or sale of securities, securities transactions
upon security exchanges or over the counter markets, Investment Companies,
or investment advisers, unless such loss, in the absence of such law,
rule or regulation, would be covered under Insuring Agreement A, E or
F.
|
|
F.
|
Loss resulting
from Property that is the object of Theft, Dishonest or Fraudulent Act,
or Mysterious Disappearance while in the custody of any Security Company,
unless such loss is covered under this Bond and is in excess of the amount
recovered or received by the Insured under (1) the Insured’s contract
with such Security Company, and (2) insurance or indemnity of any kind
carried by such Security Company for the benefit of, or otherwise available
to, users of its service, in which case this Bond shall cover only such
excess, subject to the applicable Limit of Liability and Deductible Amount.
|
|
G.
|
Potential
income, including but not limited to interest and dividends, not realized
by the Insured because of a loss covered under this Bond, except when
covered under Insuring Agreement H.
|
|
H.
|
Loss in
the form of (1) damages of any type for which the Insured is legally
liable, except direct compensatory damages, or (2) taxes, fines, or penalties,
including without limitation two-thirds of treble damage awards pursuant
to judgments under any statute or regulation.
|
|
I.
|
Loss resulting
from the surrender of Property away from an office of the Insured as
a result of a threat
|
|
(1)
|
to
do bodily harm to any person, except where the Property is in transit
in the custody of any person acting as messenger as a result of a
threat to do bodily harm to such person, if the Insured had no knowledge
of such threat at the time such transit was initiated, or
|
|
(2)
|
to
do damage to the premises or Property of the Insured,
|
unless
such loss is otherwise covered under Insuring Agreement A.
|
J.
|
All costs,
fees and other expenses incurred by the Insured in establishing the existence
of or amount of loss covered under this Bond, except to the extent certain
audit expenses are covered under Insuring Agreement B.
|
|
K.
|
Loss resulting
from payments made to or withdrawals from any account, involving funds
erroneously credited to such account, unless such loss is otherwise covered
under Insuring Agreement A.
|
|
L.
|
Loss resulting
from uncollectible Items of Deposit which are drawn upon a financial
institution outside the United States of America, its territories and
possessions, or Canada.
|
|
M.
|
Loss resulting
from the Dishonest or Fraudulent Acts, Theft, or other acts or omissions
of an Employee primarily engaged in the sale of shares issued by an Investment
Company to persons other than (1) a person registered as a broker under
the Securities Exchange Act of 1934 or (2) an “accredited investor”
as defined in Rule 501(a) of Regulation D under the Securities Act of
1933, which is not an individual.
|
|
N.
|
Loss resulting
from the use of credit, debit, charge, access, convenience, identification,
cash management or other cards, whether such cards were issued or purport
to have been issued by the Insured or by anyone else, unless such loss
is otherwise covered under Insuring Agreement A.
|
|
O.
|
Loss resulting
from any purchase, redemption or exchange of securities issued by an
Investment Company or other Insured, or any other instruction, request,
acknowledgement, notice or transaction involving securities issued by
an Investment Company or other Insured or the dividends in respect thereof,
when any of the foregoing is requested, authorized or directed or purported
to be requested, authorized or directed by voice over the telephone or
by Electronic Transmission, unless such loss is otherwise covered under
Insuring Agreement A or Insuring Agreement I.
|
|
P.
|
Loss resulting
from any Dishonest or Fraudulent Act or Theft committed by an Employee
as defined in Section 1.I(2), unless such loss (1) could not have been
reasonably discovered by the due diligence of the Insured at or prior
to the time of acquisition by the Insured of the assets acquired from
a predecessor, and (2) arose out of a lawsuit or valid claim brought
against the Insured by a person unaffiliated with the Insured or with
any person affiliated with the Insured.
|
|
Q.
|
Loss resulting
from the unauthorized entry of data into, or the deletion or destruction
of data in, or the change of data elements or programs within, any Computer
System, unless such loss is otherwise covered under Insuring Agreement
A.
|
SECTION
3. ASSIGNMENT OF RIGHTS
Upon
payment to the Insured hereunder for any loss, the Underwriter shall be subrogated to the extent of such payment to all of the
Insured’s rights and claims in connection with such loss; provided, however, that the Underwriter shall not be subrogated
to any such rights or claims one named Insured under this Bond may have against another named Insured under this Bond. At the
request of the Underwriter, the Insured shall execute all assignments or other documents and take such action as the Underwriter
may deem necessary or desirable to secure and perfect such rights and claims, including the execution of documents necessary to
enable the Underwriter to bring suit in the name of the Insured.
Assignment
of any rights or claims under this Bond shall not bind the Underwriter without the Underwriter’s written consent.
SECTION
4. LOSS
—
NOTICE
—
PROOF
—
LEGAL PROCEEDINGS
This
Bond is for the use and benefit only of the Insured and the Underwriter shall not be liable hereunder to anyone other than the
Insured. As soon as practicable and not more than sixty (60) days after discovery, the Insured shall give the Underwriter written
notice thereof and, as soon as practicable and within one year after such discovery, shall also furnish to the Underwriter affirmative
proof of loss with full particulars. The Underwriter may extend the sixty day notice period or the one year proof of loss period
if the Insured requests an extension and shows good cause therefor.
See
also General Agreement C (Court Costs and Attorneys' Fees).
The
Underwriter shall not be liable hereunder for loss of Securities unless each of the Securities is identified in such proof of
loss by a certificate or bond number or by such identification means as the Underwriter may require. The Underwriter shall have
a reasonable period after receipt of a proper affirmative proof of loss within which to investigate the claim, but where the Property
is Securities and the loss is clear and undisputed, settlement shall be made within forty-eight (48) hours even if the loss involves
Securities of which duplicates may be obtained.
The
Insured shall not bring legal proceedings against the Underwriter to recover any loss hereunder prior to sixty (60) days after
filing such proof of loss or subsequent to twenty-four (24) months after the discovery of such loss or, in the case of a legal
proceeding to recover hereunder on account of any judgment against the Insured in or settlement of any suit mentioned in General
Agreement C or to recover court costs or attorneys’ fees paid in any such suit, twenty-four (24) months after the date of
the final judgment in or settlement of such suit. If any limitation in this Bond is prohibited by any applicable law, such limitation
shall be deemed to be amended to be equal to the minimum period of limitation permitted by such law.
Notice
hereunder shall be given to Manager, Professional Liability Claims, ICI Mutual Insurance Company, 1401 H St. NW, Washington, DC
20005.
SECTION
5. DISCOVERY
For
all purposes under this Bond, a loss is discovered, and discovery of a loss occurs, when the Insured
|
(1)
|
becomes
aware of facts, or
|
|
(2)
|
receives
notice of an actual or potential claim by a third party which alleges
that the Insured is liable under circumstances,
|
which
would cause a reasonable person to assume that loss covered by this Bond has been or is likely to be incurred even though the
exact amount or details of loss may not be known.
SECTION
6. VALUATION OF PROPERTY
For
the purpose of determining the amount of any loss hereunder, the value of any Property shall be the market value of such Property
at the close of business on the first business day before the discovery of such loss; except that
|
(1)
|
the
value of any Property replaced by the Insured prior to the payment
of a claim therefor shall be the actual market value of such Property
at the time of replacement, but not in excess of the market value
of such Property on the first business day before the discovery of
the loss of such Property;
|
|
(2)
|
the
value of Securities which must be produced to exercise subscription,
conversion, redemption or deposit privileges shall be the market
value of such privileges immediately preceding the expiration thereof
if the loss of such Securities is not discovered until after such
expiration, but if there is no quoted or other ascertainable market
price for such Property or privileges referred to in clauses (1)
and (2), their value shall be fixed by agreement between the parties
or by arbitration before an arbitrator or arbitrators acceptable
to the parties; and
|
|
(3)
|
the
value of books of accounts or other records used by the Insured in
the conduct of its business shall be limited to the actual cost of
blank books, blank pages or other materials if the books or records
are reproduced plus the cost of labor for the transcription or copying
of data furnished by the Insured for reproduction.
|
SECTION
7. LOST SECURITIES
The
maximum liability of the Underwriter hereunder for lost Securities shall be the payment for, or replacement of, such Securities
having an aggregate value not to exceed the applicable Limit of Liability. If the Underwriter shall make payment to the Insured
for any loss of
S
ecurities, the Insured shall assign to the Underwriter all of the Insured’s
right, title and interest in and to such Securities. In lieu of such payment, the Underwriter may, at its option, replace such
lost Securities, and in such case the Insured shall cooperate to effect such replacement. To effect the replacement of lost Securities,
the Underwriter may issue or arrange for the issuance of a lost instrument bond. If the value of such Securities does not exceed
the applicable Deductible Amount (at the time of the discovery of the loss), the Insured will pay the usual premium charged for
the lost instrument bond and will indemnify the issuer of such bond against all loss and expense that it may sustain because of
the issuance of such bond.
If
the value of such Securities exceeds the applicable Deductible Amount (at the time of discovery of the loss), the Insured will
pay a proportion of the usual premium charged for the lost instrument bond, equal to the percentage that the applicable Deductible
Amount bears to the value of such Securities upon discovery of the loss, and will indemnify the issuer of such bond against all
loss and expense that is not recovered from the Underwriter under the terms and conditions of this Bond, subject to the applicable
Limit of Liability.
SECTION
8. SALVAGE
If
any recovery is made, whether by the Insured or the Underwriter, on account of any loss within the applicable Limit of Liability
hereunder, the Underwriter shall be entitled to the full amount of such recovery to reimburse the Underwriter for all amounts
paid hereunder with respect to such loss. If any recovery is made, whether by the Insured or the Underwriter, on account of any
loss in excess of the applicable Limit of Liability hereunder plus the Deductible Amount applicable to such loss from any source
other than suretyship, insurance, reinsurance, security or indemnity taken by or for the benefit of the Underwriter, the amount
of such recovery, net of the actual costs and expenses of recovery, shall be applied to reimburse the Insured in full for the
portion of such loss in excess of such Limit of Liability, and the remainder, if any, shall be paid first to reimburse the Underwriter
for all amounts paid hereunder with respect to such loss and then to the Insured to the extent of the portion of such loss within
the Deductible Amount. The Insured shall execute all documents which the Underwriter deems necessary or desirable to secure to
the Underwriter the rights provided for herein.
SECTION
9. NON-REDUCTION AND NON-ACCUMULATION OF LIABILITY AND TOTAL LIABILITY
Prior
to its termination, this Bond shall continue in force up to the Limit of Liability for each Insuring Agreement for each Single
Loss, notwithstanding any previous loss (other than such Single Loss) for which the Underwriter may have paid or be liable to
pay hereunder; PROVIDED, however, that regardless of the number of years this Bond shall continue in force and the number of premiums
which shall be payable or paid, the liability of the Underwriter under this Bond with respect to any Single Loss shall be limited
to the applicable Limit of Liability irrespective of the total amount of such Single Loss and shall not be cumulative in amounts
from year to year or from period to period.
SECTION
10. MAXIMUM LIABILITY OF UNDERWRITER; OTHER BONDS OR POLICIES
The
maximum liability of the Underwriter for any Single Loss covered by any Insuring Agreement under this Bond shall be the Limit
of Liability applicable to such Insuring Agreement, subject to the applicable Deductible Amount and the other provisions of this
Bond. Recovery for any Single Loss may not be made under more than one Insuring Agreement. If any Single Loss covered under this
Bond is recoverable or recovered in whole or in part because of an unexpired discovery period under any other bonds or policies
issued by the Underwriter to the Insured or to any predecessor in interest of the Insured, the maximum liability of the Underwriter
shall be the greater of either (1) the applicable Limit of Liability under this Bond, or (2) the maximum liability of the Underwriter
under such other bonds or policies.
SECTION
11.
OTHER INSURANCE
Notwithstanding
anything to the contrary herein, if any loss covered by this Bond shall also be covered by other insurance or suretyship for the
benefit of the Insured, the Underwriter shall be liable hereunder only for the portion of such loss in excess of the amount recoverable
under such other insurance or suretyship, but not exceeding the applicable Limit of Liability of this Bond.
SECTION
12. DEDUCTIBLE AMOUNT
The
Underwriter shall not be liable under any Insuring Agreement unless the amount of the loss covered thereunder, after deducting
the net amount of all reimbursement and/or recovery received by the Insured with respect to such loss (other than from any other
bond, suretyship or insurance policy or as an advance by the Underwriter hereunder) shall exceed the applicable Deductible Amount;
in such case the Underwriter shall be liable only for such excess, subject to the applicable Limit of Liability and the other
terms of this Bond.
No
Deductible Amount shall apply to any loss covered under Insuring Agreement A sustained by any Investment Company named as an Insured.
SECTION
13. TERMINATION
The
Underwriter may terminate this Bond as to any Insured or all Insureds only by written notice to such Insured or Insureds and,
if this Bond is terminated as to any Investment Company, to each such Investment Company terminated thereby and to the Securities
and Exchange Commission, Washington, D.C., in all cases not less than sixty (60) days prior to the effective date of termination
specified in such notice.
The
Insured may terminate this Bond only by written notice to the Underwriter not less than sixty (60) days prior to the effective
date of the termination specified in such notice. Notwithstanding the foregoing, when the Insured terminates this Bond as to any
Investment Company, the effective date of termination shall be not less than sixty (60) days from the date the Underwriter provides
written notice of the termination to each such Investment Company terminated thereby and to the Securities and Exchange Commission,
Washington, D.C.
This
Bond will terminate as to any Insured that is a Non-Fund immediately and without notice upon (1) the takeover of such Insured’s
business by any State or Federal official or agency, or by any receiver or liquidator, or (2) the filing of a petition under any
State or Federal statute relative to bankruptcy or reorganization of the Insured, or assignment for the benefit of creditors of
the Insured.
Premiums
are earned until the effective date of termination. The Underwriter shall refund the unearned premium computed at short rates
in accordance with the Underwriter’s standard short rate cancellation tables if this Bond is terminated by the Insured or
pro rata if this Bond is terminated by the Underwriter.
Upon
the detection by any Insured that an Employee has committed any Dishonest or Fraudulent Act(s) or Theft, the Insured shall immediately
remove such Employee from a position that may enable such Employee to cause the Insured to suffer a loss by any subsequent Dishonest
or Fraudulent Act(s) or Theft. The Insured, within two (2) business days of such detection, shall notify the Underwriter with
full and complete particulars of the detected Dishonest or Fraudulent Act(s) or Theft.
For
purposes of this section, detection occurs when any partner, officer, or supervisory employee of any Insured, who is not in collusion
with such Employee, becomes aware that the Employee has committed any Dishonest or Fraudulent Act(s) or Theft.
This
Bond shall terminate as to any Employee by written notice from the Underwriter to each Insured and, if such Employee is an Employee
of an Insured Investment Company, to the Securities and Exchange Commission, in all cases not less than sixty (60) days prior
to the effective date of termination specified in such notice.
SECTION
14. RIGHTS AFTER TERMINATION
At
any time prior to the effective date of termination of this Bond as to any Insured, such Insured may, by written notice to the
Underwriter, elect to purchase the right under this Bond to an additional period of twelve (12) months within which to discover
loss sustained by such Insured prior to the effective date of such termination and shall pay an additional premium therefor as
the Underwriter may require.
Such
additional discovery period shall terminate immediately and without notice upon the takeover of such Insured’s business
by any State or Federal official or agency, or by any receiver or liquidator. Promptly after such termination the Underwriter
shall refund to the Insured any unearned premium.
The
right to purchase such additional discovery period may not be exercised by any State or Federal official or agency, or by any
receiver or liquidator, acting or appointed to take over the Insured’s business.
SECTION
15. CENTRAL HANDLING OF SECURITIES
The
Underwriter shall not be liable for loss in connection with the central handling of securities within the systems established
and maintained by any Depository (“Systems”), unless the amount of such loss exceeds the amount recoverable or recovered
under any bond or policy or participants’ fund insuring the Depository against such loss (the “Depository’s
Recovery”); in such case the Underwriter shall be liable hereunder only for the Insured’s share of such excess loss,
subject to the applicable Limit of Liability, the Deductible Amount and the other terms of this Bond.
For
determining the Insured’s share of such excess loss, (1) the Insured shall be deemed to have an interest in any certificate
representing any security included within the Systems equivalent to the interest the Insured then has in all certificates representing
the same security included within the Systems; (2) the Depository shall have reasonably and fairly apportioned the Depository’s
Recovery among all those having an interest as recorded by appropriate entries in the books and records of the Depository in Property
involved in such loss, so that each such interest shall share in the Depository’s Recovery in the ratio that the value of
each such interest bears to the total value of all such interests; and (3) the Insured’s share of such excess loss shall
be the amount of the Insured’s interest in such Property in excess of the amount(s) so apportioned to the Insured by the
Depository.
This
Bond does not afford coverage in favor of any Depository or Exchange or any nominee in whose name is registered any security included
within the Systems.
SECTION
16. ADDITIONAL COMPANIES INCLUDED AS INSURED
If
more than one entity is named as the Insured:
|
A.
|
the
total liability of the Underwriter hereunder for each Single Loss
shall not exceed the Limit of Liability which would be applicable
if there were only one named Insured, regardless of the number of
Insured entities which sustain loss as a result of such Single Loss,
|
|
B.
|
the
Insured first named in Item 1 of the Declarations shall be deemed
authorized to make, adjust, and settle, and receive and enforce payment
of, all claims hereunder as the agent of each other Insured for such
purposes and for the giving or receiving of any notice required or
permitted to be given hereunder; provided, that the Underwriter shall
promptly furnish each named Insured Investment Company with (1) a
copy of this Bond and any amendments thereto, (2) a copy of each formal
filing of a claim hereunder by any other Insured, and (3) notification
of the terms of the settlement of each such claim prior to the execution
of such settlement,
|
|
C.
|
the
Underwriter shall not be responsible or have any liability for the
proper application by the Insured first named in Item 1 of the Declarations
of any payment made hereunder to the first named Insured,
|
|
D.
|
for
the purposes of Sections 4 and 13, knowledge possessed or discovery
made by any partner, officer or supervisory Employee of any Insured
shall constitute knowledge or discovery by every named Insured,
|
|
E.
|
if the
first named Insured ceases for any reason to be covered under this
Bond, then the Insured next named shall thereafter be considered as
the first named Insured for the purposes of this Bond, and
|
|
F.
|
each
named Insured shall constitute “the Insured” for all purposes
of this Bond.
|
SECTION
17. NOTICE AND CHANGE OF CONTROL
Within
thirty (30) days after learning that there has been a change in control of an Insured by transfer of its outstanding voting securities
the Insured shall give written notice to the Underwriter of:
|
A.
|
the
names of the transferors and transferees (or the names of the beneficial
owners if the voting securities are registered in another name), and
|
|
B.
|
the
total number of voting securities owned by the transferors and the
transferees (or the beneficial owners), both immediately before and
after the transfer, and
|
|
C.
|
the
total number of outstanding voting securities.
|
As
used in this Section, “control” means the power to exercise a controlling influence over the management or policies
of the Insured.
SECTION
18. CHANGE OR MODIFICATION
This
Bond may only be modified by written Rider forming a part hereof over the signature of the Underwriter’s authorized representative.
Any Rider which modifies the coverage provided by Insuring Agreement A, Fidelity, in a manner which adversely affects the rights
of an Insured Investment Company shall not become effective until at least sixty (60) days after the Underwriter has given written
notice thereof to the Securities and Exchange Commission, Washington, D.C., and to each Insured Investment Company affected thereby.
SECTION
19. COMPLIANCE WITH APPLICABLE TRADE AND ECONOMIC SANCTIONS
This
Bond shall not be deemed to provide any coverage, and the Underwriter shall not be required to pay any loss or provide any benefit
hereunder, to the extent that the provision of such coverage, payment of such loss or provision of such benefit would cause the
Underwriter to be in violation of any applicable trade or economic sanctions, laws or regulations, including, but not limited
to, any sanctions, laws or regulations administered and enforced by the U.S. Department of Treasury Office of Foreign Assets Control
(OFAC).
IN WITNESS
WHEREOF, the Underwriter has caused this Bond to be executed on the Declarations Page.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 1
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE DATE
|
BOND PERIOD
|
AUTHORIZED REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration
of the premium charged for this Bond, it is hereby understood and agreed that Item 1 of the Declarations, Name of Insured, shall
include the following:
Non-Funds
American
Funds Distributors, Inc.
American
Funds Service Company
Capital
Bank and Trust Company
Capital
Group Companies Global
Capital
Group Research, Inc.
Capital
International Research, Inc.
Capital
Management Services, Inc.
Capital
Research Company
Capital
Strategy Research, Inc.
The Capital
Group Companies, Inc.
In-House
Plans
Capital
Special Retention Benefit Plan
The Health
and Welfare Benefits Plan for Employees of the Capital Group
Companies,
Inc. or any similar plan merged into this plan on or prior to
January
1, 2010
The Severance
Pay Plan for U.S. Associates of the Capital Group Companies, Inc.
and
Participating U.S. Affiliates or any similar plan merged into this plan on or
prior
to January 1, 2010
Group
Medical and Dental Insurance Plan for Retirees of the Capital Group
Companies,
Inc. or any similar plan merged into this plan on or
prior
to January 1, 2010
Revised
Master Retirement Plan of the Capital Group Companies, Inc.
The 401(k)
Tax Advantage Plan of the Capital Group Companies, Inc.
Funds
AMCAP
Fund
American
Balanced Fund
American
High-Income Trust
American
High-Income Municipal Bond Fund
American
Mutual Fund
American
Funds Corporate Bond Fund
American
Funds Global High-Income Opportunities Fund
American
Funds Inflation Linked Bond Fund
American
Funds College Target Date Series
American
Funds Portfolio Series
American
Funds Short-Term Tax-Exempt Bond Fund
American
Funds Global Balanced Fund
American
Funds Money Market Fund
American
Funds Mortgage Fund
American
Funds Tax-Exempt Fund of New York
American
Funds Insurance Series
American
Funds Target Date Retirement Series
Capital
Emerging Markets Total Opportunities Fund
Capital
Income Builder
Capital
Private Client Services Funds
Capital
World Bond Fund
Capital
World Growth and Income Fund, Inc.
Emerging
Markets Growth Fund, Inc.
EuroPacific
Growth Fund
American
Funds Fundamental Investors
Intermediate
Bond Fund of America
International
Growth and Income Fund
Limited
Term Tax-Exempt Bond Fund of America
New Perspective
Fund, Inc.
New World
Fund, Inc.
Short-Term
Bond Fund of America
SMALLCAP
World Fund, Inc.
The American
Funds Income Series
The American
Funds Tax-Exempt Series I
The American
Funds Tax-Exempt Series II
The Bond
Fund of America
The Growth
Fund of America, Inc.
The Income
Fund of America
The Investment
Company of America
The New
Economy Fund
The Tax-Exempt
Bond Fund of America
Washington
Mutual Investors Fund, Inc.
CGPE
IV, L.P.
CGPE
V, L.P.
CGPE
VI, L.P.
It is further
understood and agreed that each Investment Company named above shall include (1) each and all series thereof existing at the effective
date of this rider; and (2) subject to the requirements of General Agreement A.2 and Rider No. 10, any series thereof newly created
or acquired during the Bond Period.
Except as above stated, nothing herein shall be held to alter,
waive or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 2
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE DATE
|
BOND PERIOD
|
AUTHORIZED REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration
of the premium charged for this Bond, it is hereby understood and agreed that this Bond (other than Insuring Agreements C and
D) does not cover loss resulting from or in connection with any business, activities, or acts or omissions of (including services
rendered by) any Insured which is
not
an Insured Fund ("Non-Fund") or any Employee of a Non-Fund,
except
loss, otherwise covered by the terms of this Bond, resulting from or in connection with (1) services rendered by a Non-Fund to
an Insured Fund, or to shareholders of such Fund in connection with the issuance, transfer, or redemption of their Fund shares,
or (2) in the case of a Non-Fund substantially all of whose business is rendering the services described in (1) above, the general
business, activities or operations of such Non-Fund,
excluding
(a) the rendering of services (other than those described
in (1) above) to any person, or (b) the sale of goods or property of any kind.
It is further
understood and agreed that with respect to any Non-Fund, Insuring Agreements C and D only cover loss of Property which a Non-Fund
uses or holds, or in which a Non-Fund has an interest, in each case wholly or partially in connection with the rendering of services
by a Non-Fund to an Insured Fund, or to shareholders of such Fund in connection with the issuance, transfer, or redemption of
their Fund shares.
Except as above stated, nothing herein shall be held to alter,
waive or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 3
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE DATE
|
BOND PERIOD
|
AUTHORIZED REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration of the premium charged for this Bond, it is hereby
understood and agreed that this Bond (other than Insuring Agreements C and D) does not cover loss resulting from or in connection
with any business, activities, acts or omissions of any Insured or any Employee of any Insured where such loss is based upon,
arises out of or in any way involves the provision of services to any Plan,
EXCEPT
loss, otherwise covered by the terms
of this Bond, resulting from, or in connection with the business of:
|
(a)
|
the
provision of Investment Advisory Services by an Insured to any In-House
Plan; or
|
|
(b)
|
the
provision of Administrative Services by an Insured to any In-House
Plan; or
|
|
(c)
|
the
provision of Investment Advisory Services by an Insured (“Adviser”)
to any Third Party Plan that is a client of the Adviser; or
|
|
(d)
|
the
provision of Administrative Services by Capital Bank & Trust
Company to any Third Party Plan that is a client of the Insured.
|
It is further
understood and agreed that Insuring Agreements C and D only cover loss of Property which an Insured uses or holds, or in which
the Insured has an interest, in each case in connection with (a), (b), (c) or (d)
above.
It is further
understood and agreed that notwithstanding the foregoing, this Bond (other than Insuring Agreements C and D) does not cover loss
resulting from or in connection with, and Insuring Agreements C and D do not cover loss of Property which an Insured uses or holds,
or in which it has an interest, in each case in connection with:
|
(1)
|
the discretionary
voting by or on behalf of any Plan of Designated Securities owned or
held by such Plan,
unless
, in the case of a vote by or on behalf
of the Plan, such vote was pursuant to the direction of a majority
of trustees of such Plan who were not then Interested Trustees;
|
|
(2)
|
custodial
services for the safekeeping and custody of securities or other property;
or
|
|
(3)
|
liability
of an Insured arising from its status as the employer of employees
covered by a Plan (including liability arising from the Insured’s
failure to collect contributions or to pay benefits).
|
|
(4)
|
liability
of an Insured arising from its status as the employer of employees
covered by a Plan (including liability arising from the Insured’s
failure to collect contributions or to pay benefits); or
|
|
(5)
|
in the
case of an Insured acting or purporting to act as a trustee or “directed
trustee” for any Third Party Plan, any liability of the Insured
arising from its actual or alleged status as a fiduciary (within the
meaning of the Employee Retirement Security Act of 1974, as amended
(“ERISA”)) to any such Third Party Plan or its actual or
alleged violation of Section 502(a)(3) of ERISA, except that this subpart
(5) shall not preclude indemnification for associated court costs and
attorneys’ fees for which coverage is otherwise available under
General Agreement C of this Bond.
|
It is further
understood and agreed that for purposes of this rider:
|
(1)
|
“Administrative
Services” shall mean administrative services, including, without
limitation, voting securities which are Plan assets, causing Plan assets
to be invested as directed in accordance with the Plan, and maintaining
records and preparing reports with respect to Plan contributions, participant
accounts and investments.
|
|
(2)
|
“Affiliated
Entity” means any entity controlling, controlled by, or under
common control with an Insured.
|
|
(3)
|
"Designated
Securities" means securities issued by an Insured, or by any Affiliated
Entity, or by any Fund to which such Insured or any Affiliated Entity
provides any services.
|
|
(4)
|
"Interested
Trustee" means any trustee of a Plan who is also (a) an officer,
director, trustee, partner or employee of, or who owns, controls, or
holds power to vote 5% or more of the outstanding voting securities
of, (i) any Insured (other than such Plan), or (ii) any Affiliated
Entity, or (iii) any Fund to which such Insured or any Affiliated Entity
provides any services, or (b) an Insured or an Affiliated Entity.
|
|
(5)
|
“Plan”
means any retirement or employee benefit plan, including any trust
relating thereto.
|
|
(6)
|
“In-House
Plan” means any Plan for employees of an Insured, or for any
Affiliated Entity, but always excluding employee stock ownership plans,
stock bonus plans, and any trusts relating thereto.
|
|
(7)
|
“Third
Party Plan” means any Plan for employees of an entity that is
neither an Insured nor an Affiliated Entity.
|
It is further
understood and agreed that with respect to In-House Plans, for purposes of Rider No. 3 of this Bond only, an In-House Plan named
as an Insured under this Bond shall not be deemed to be a Non-Fund.
Except as above stated, nothing herein shall be held to alter,
waive or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 4
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE DATE
|
BOND PERIOD
|
AUTHORIZED REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration of the premium charged
for this Bond, it is hereby understood and agreed that notwithstanding Section 2.Q of this Bond, this Bond is amended by adding
an additional Insuring Agreement J as follows:
J. COMPUTER
SECURITY
Loss (including
loss of Property) resulting directly from Computer Fraud;
provided
, that the Insured has adopted in writing and generally
maintains and follows during the Bond Period all Computer Security Procedures. The isolated failure of the Insured to maintain
and follow a particular Computer Security Procedure in a particular instance will not preclude coverage under this Insuring Agreement,
subject to the specific exclusions herein and in the Bond.
|
1.
|
Definitions
.
The following terms used in this Insuring Agreement shall have
the following meanings:
|
|
a.
|
"Authorized
User" means any person or entity designated by the Insured
(through contract, assignment of User Identification, or otherwise)
as authorized to use a Covered Computer System, or any part thereof
.
An individual who invests in an Insured Fund shall not be considered
to be an Authorized User solely by virtue of being an investor.
|
|
b.
|
"Computer
Fraud" means the unauthorized entry of data into, or the deletion
or destruction of data in, or change of data elements or programs
within, a Covered Computer System which:
|
|
(1)
|
is
committed by any Unauthorized Third Party anywhere, alone or
in collusion with other Unauthorized Third Parties;
and
|
|
(2)
|
is
committed with the conscious manifest intent (a) to cause the
Insured to sustain a loss,
and
(b) to obtain financial
benefit for the perpetrator or any other person;
and
|
|
(3)
|
causes
(x) Property to be transferred, paid or delivered;
or
(y) an account of the Insured, or of its customer, to be added,
deleted, debited or credited;
or
(z) an unauthorized or
fictitious account to be debited or credited.
|
|
c.
|
"Computer
Security Procedures" means procedures for prevention of unauthorized
computer access and use and administration of computer access and
use as provided in writing to the Underwriter.
|
|
d.
|
"Covered
Computer System" means any Computer System as to which the
Insured has possession, custody and control.
|
|
e.
|
"Unauthorized
Third Party" means any person or entity that, at the time
of the Computer Fraud, is not an Authorized User.
|
|
f.
|
"User
Identification" means any unique user name (
i.e.
, a
series of characters) that is assigned to a person or entity by
the Insured.
|
|
2.
|
Exclusions
.
It is further understood and agreed that this Insuring Agreement
J shall not cover:
|
|
a.
|
Any
loss covered under Insuring Agreement A, "Fidelity,"
of this Bond;
and
|
|
b.
|
Any
loss resulting directly or indirectly from Theft or misappropriation
of confidential or proprietary information, material or data (including
but not limited to trade secrets, computer programs or customer
information);
and
|
|
c.
|
Any
loss resulting from the intentional failure to adhere to one or
more Computer Security Procedures;
and
|
|
d.
|
Any
loss resulting from a Computer Fraud committed by or in collusion
with:
|
|
(1)
|
any
Authorized User (whether a natural person or an entity);
or
|
|
(2)
|
in
the case of any Authorized User which is an entity, (a) any director,
officer, partner, employee or agent of such Authorized User, or (b)
any entity which controls, is controlled by, or is under common control
with such Authorized User ("Related Entity"), or (c) any
director, officer, partner, employee or agent of such Related Entity;
or
|
|
(3)
|
in
the case of any Authorized User who is a natural person, (a) any
entity for which such Authorized User is a director, officer, partner,
employee or agent ("Employer Entity"), or (b) any director,
officer, partner, employee or agent of such Employer Entity, or (c)
any entity which controls, is controlled by, or is under common control
with such Employer Entity ("Employer-Related Entity"),
or (d) any director, officer, partner, employee or agent of such
Employer-Related Entity;
|
and
|
e.
|
Any
loss resulting from physical damage to or destruction of any Covered
Computer System, or any part thereof, or any data, data elements
or media associated therewith;
and
|
|
f.
|
Any
loss resulting from Computer Fraud committed by means of wireless
access to any Covered Computer System, or any part thereof, or
any data, data elements or media associated therewith;
and
|
|
g.
|
Any
loss not directly and proximately caused by Computer Fraud (including,
without limitation, disruption of business and extra expense);
and
|
h. Payments
made to any person(s) who has threatened to deny or has denied authorized access to a Covered Computer System or otherwise has
threatened to disrupt the business of the Insured.
For purposes
of this Insuring Agreement, "Single Loss," as defined in Section 1.X of this Bond, shall also include all loss caused
by Computer Fraud(s) committed by one person, or in which one person is implicated, whether or not that person is specifically
identified. A series of losses involving unidentified individuals, but arising from the same method of operation, may be deemed
by the Underwriter to involve the same individual and in that event shall be treated as a Single Loss.
It is further
understood and agreed that nothing in this Rider shall affect the exclusion set forth in Section 2.O of this Bond.
Coverage under
this Insuring Agreement shall terminate upon termination of this Bond. Coverage under this Insuring Agreement may also be terminated
without terminating this Bond as an entirety:
|
(a)
|
by
written notice from the Underwriter not less than sixty (60) days
prior to the effective date of termination specified in such notice;
or
|
|
(b)
|
immediately
by written notice from the Insured to the Underwriter.
|
Except as above stated, nothing herein shall be held to alter, waive
or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 5
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE DATE
|
BOND PERIOD
|
AUTHORIZED REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration
of the premium charged for this Bond, it is hereby understood and agreed that the Deductible Amount for Insuring Agreement E,
Forgery or Alteration, and Insuring Agreement F, Securities, shall not apply with respect to loss through Forgery of a signature
on the following documents:
|
(1)
|
letter
requesting redemption of $50,000 or less payable by check to the
shareholder of record and addressed to the address of record;
or
|
|
(2)
|
letter
requesting redemption of $50,000 or less by wire transfer to the
record shareholder's bank account of record; or
|
|
(3)
|
written
request to a trustee or custodian for a Designated Retirement
Account ("DRA") which holds shares of an Insured Fund,
where such request (a) purports to be from or at the instruction
of the Owner of such DRA, and (b) directs such trustee or custodian
to transfer $50,000 or less from such DRA to a trustee or custodian
for another DRA established for the benefit of such Owner;
|
provided
,
that the Limit of Liability for a Single Loss as described above shall be $50,000 and that the Insured shall bear 20% of each
such loss. This Rider shall not apply in the case of any such Single Loss which exceeds $50,000; in such case the Deductible Amounts
and Limits of Liability set forth in Item 3 of the Declarations shall control.
For purposes
of this Rider:
|
(A)
|
"Designated
Retirement Account" means any retirement plan or account
described or qualified under the Internal Revenue Code of 1986,
as amended, or a subaccount thereof.
|
|
(B)
|
"Owner"
means the individual for whose benefit the DRA, or a subaccount
thereof, is established.
|
Except as above stated, nothing herein shall be held to alter, waive
or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 6
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE
DATE
|
BOND
PERIOD
|
AUTHORIZED
REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration
of the premium charged for this Bond, it is hereby understood and agreed that this Bond does not cover any loss resulting from
or in connection with the acceptance of any Third Party Check, unless
|
(1)
|
such
Third Party Check is used to open or increase an account which is
registered in the name of one or more of the payees on such Third
Party Check, and
|
|
(2)
|
reasonable
efforts are made by the Insured, or by the entity receiving Third
Party Checks on behalf of the Insured, to verify all endorsements
on all Third Party Checks made payable in amounts greater than $100,000
(provided, however, that the isolated failure to make such efforts
in a particular instance will not preclude coverage, subject to the
exclusions herein and in the Bond),
|
and
then only to the extent such loss is otherwise covered under this Bond.
For purposes
of this Rider, "Third Party Check" means a check made payable to one or more parties and offered as payment to one or
more other parties.
It is further
understood and agreed that notwithstanding anything to the contrary above or elsewhere in the Bond, this Bond does not cover any
loss resulting from or in connection with the acceptance of a Third Party Check where:
|
(1)
|
any
payee on such Third Party Check reasonably appears to be a corporation
or other entity; or
|
|
(2)
|
such
Third Party Check is made payable in an amount greater than $100,000
and does not include the purported endorsements of all payees on
such Third Party Check.
|
It is further
understood and agreed that this Rider shall not apply with respect to any coverage that may be available under Insuring Agreement
A, "Fidelity."
Except as above stated, nothing herein shall be held to alter,
waive or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 7
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE DATE
|
BOND PERIOD
|
AUTHORIZED REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration
of the premium charged for this Bond, it is hereby understood and agreed that, notwithstanding anything to the contrary in General
Agreement A of this Bond, Item 1 of the Declarations shall include any Newly Created Investment Company or portfolio provided
that the Insured shall submit to the Underwriter, at least annually, a list of all Newly Created Investment Companies or portfolios,
the estimated annual assets of each Newly Created Investment Company or portfolio, and copies of any prospectuses and statements
of additional information relating to such Newly Created Investment Companies or portfolios, unless said prospectuses and statements
of additional information have been previously submitted.
For purposes
of this Rider, “Newly Created Investment Company or portfolio” shall mean any Investment Company or portfolio (1)
for which registration with the SEC has been declared after the inception of the Policy Period.
Except as above stated, nothing herein shall be held to alter,
waive or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 8
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE DATE
|
BOND PERIOD
|
AUTHORIZED REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration
for the premium charged for this Bond, it is hereby understood and agreed that notwithstanding anything to the contrary in this
Bond (including Insuring Agreement I), this Bond does not cover any loss resulting from any On-Line Redemption(s) or On-Line Purchase(s)
involving an aggregate amount in excess of $250,000 per shareholder account per day, unless before such redemption(s) or purchase(s),
in a procedure initiated by the Insured or by the entity receiving the request for such On-Line Redemption(s) or On-Line Purchase(s):
(i)
the Shareholder of Record verifies, by some method other than an Electronic Transmission effected over the Internet, that each
such redemption or purchase has been authorized, and (ii) if such redemption or purchase is to be effected by wire to or from
a particular bank account, a duly authorized employee of the bank verifies the account number to or from which funds are being
transferred, and that the name on the account is the same as the name of the intended recipient of the proceeds.
It is further
understood and agreed that, notwithstanding the Limit of Liability set forth herein or any other provision of this Bond, the Limit
of Liability with respect to any Single Loss caused by an On-Line Transaction shall be Ten Million Dollars ($10,000,000) and the
On-Line Deductible with respect to Insuring Agreement I is Fifty Thousand Dollars ($50,000).
It is further
understood and agreed that, notwithstanding Section 8, Non-Reduction and Non-Accumulation of Liability and Total Liability, or
any other provision of this Bond, the Aggregate Limit of Liability of the Underwriter under this Bond with respect to any and
all loss or losses caused by On-Line Transactions shall be an aggregate of Ten Million Dollars ($10,000,000) for the Bond Period,
irrespective of the total amount of such loss or losses.
For purposes
of this Rider, the following terms shall have the following meanings:
“On-Line
Purchase” means any purchase of shares issued by an Investment Company, which purchase is requested through an Electronic
Transmission over the Internet.
“On-Line
Redemption” means any redemption of shares issued by an Investment Company, which redemption is requested through an Electronic
Transmission over the Internet.
“On-Line
Transaction” means any Phone/Electronic Transaction requested through an Electronic Transmission over the Internet.
Except as above stated, nothing herein shall be held
to alter, waive or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 9
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE DATE
|
BOND PERIOD
|
AUTHORIZED REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration
for the premium charged for this Bond, it is hereby understood and agreed that, with respect to Insuring Agreement I only, the
Deductible Amount set forth in Item 3 of the Declarations (“Phone/Electronic Deductible”) shall not apply with respect
to a Single Loss, otherwise covered by Insuring Agreement I, caused by:
|
(1)
|
a
Phone/Electronic Redemption requested to be paid or made payable
by check to the Shareholder of Record at the address of record;
or
|
|
(2)
|
a
Phone/Electronic Redemption requested to be paid or made payable
by wire transfer to the Shareholder of Record’s bank account
of record,
|
provided
,
that the Limit of Liability for a Single Loss as described in (1) or (2) above shall be the lesser of 80% of such loss or $40,000
and that the Insured shall bear the remainder of each such Loss. This Rider shall not apply if the application of the Phone/Electronic
Deductible to the Single Loss would result in coverage of greater than $40,000 or more; in such case the Phone-initiated Deductible
and Limit of Liability set forth in Item 3 of the Declarations shall control.
For purposes
of this Rider, “Phone/Electronic Redemption” means any redemption of shares issued by an Investment Company, which
redemption is requested (a) by voice over the telephone, (b) through an automated telephone tone or voice response system, (c)
by Telefacsimile, or (d) through an Electronic Transmission over the Internet.
Except as above stated, nothing herein shall be held
to alter, waive or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 10
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE DATE
|
BOND PERIOD
|
AUTHORIZED REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration
of the premium charged for this Bond, it is hereby understood and agreed that the Insuring Agreement G. COUNTERFEIT CURRENCY of
this Bond is amended to read as follows:
|
|
"Loss
caused by the Insured in good faith having received or accepted (1) any
money orders which prove to be Counterfeit or to contain an Alteration
or (2) paper currencies or coin of any country which prove to be Counterfeit.
|
|
|
This
Insuring Agreement does not cover loss covered under Insuring Agreement
A.”
|
Except as above stated, nothing herein shall be held
to alter, waive or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 11
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE DATE
|
BOND PERIOD
|
AUTHORIZED REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration of the premium charged
for this Bond, it is hereby understood and agreed that Section 5 of this Bond is amended to read as follows:
|
|
"Discovery
occurs when the Management Committee of The Capital Group Companies, Inc.,
the Chief Compliance Officer, the Risk and Insurance Manager, or the Head
of the Legal Department of the Insured becomes aware of facts which would
cause a reasonable person to assume that a loss of over $250,000 (Two
Hundred Fifty Thousand Dollars) covered by the Bond has been or is likely
to be incurred, regardless of when the act causing or contributing to
such loss occurred, even though the exact amount of details of loss may
not then be known. Notice to the Management Committee of The Capital Group
Companies, Inc., the Risk and Insurance Manager, or the Head of the Legal
Department of the Insured of an actual or potential claim of over $250,000
(Two Hundred Fifty Thousand Dollars) by a third party which alleges that
the Insured is liable under circumstances which, if true, would create
a loss of over $250,000 (Two Hundred Fifty Thousand Dollars) under this
Bond, constitutes such discovery."
|
Except as above stated, nothing herein shall be held
to alter, waive or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 12
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE DATE
|
BOND PERIOD
|
AUTHORIZED REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration
of the premium charged for this Bond, it is hereby understood and agreed that:
|
1.
|
In
the event that a loss is covered under more than one bond issued
to Capital Research and Management Company or any affiliates thereof
issued by ICI Mutual Insurance Company, the total liability of
ICI Mutual Insurance Company under all implicated bonds in combination
shall not exceed the applicable Limit of Liability of the largest
of the implicated bonds. In no event shall the applicable Limits
of Liability of each of the implicated bonds be added together
or otherwise combined to determine the total liability of ICI Mutual
Insurance Company.
|
Except as above stated, nothing herein shall be held to alter,
waive or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 13
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE
DATE
|
BOND
PERIOD
|
AUTHORIZED
REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration of the premium charged
for this Bond, it is hereby understood and agreed that the Underwriter will use its best efforts to notify the Financial Industry
Regulatory Authority, Inc. within 30 days in the event the Bond is substantially modified, terminated or canceled.
Except as above stated, nothing herein shall be held to alter, waive
or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 14
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE
DATE
|
BOND
PERIOD
|
AUTHORIZED
REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
Most property
and casualty insurers, including ICI Mutual Insurance Company, a Risk Retention Group (“ICI Mutual”), are subject
to the requirements of the Terrorism Risk Insurance Act of 2002 (the “Act”). The Act establishes a Federal insurance
backstop under which ICI Mutual and these other insurers will be partially reimbursed for future
“insured losses”
resulting from certified
“acts of terrorism.”
(Each of these
bolded terms
is defined by the Act.)
The Act also places certain disclosure and other obligations on ICI Mutual and these other insurers.
Pursuant to the
Act, any future losses to ICI Mutual caused by certified
“acts of terrorism”
will be partially reimbursed by
the United States government under a formula established by the Act. Under this formula, the United States government will reimburse
ICI Mutual for 85% of ICI Mutual’s
“insured losses”
in excess of a statutorily established deductible
until total insured losses of all participating insurers reach $100 billion. If total “insured losses” of all property
and casualty insurers reach $100 billion during any applicable period, the Act provides that the insurers will not be liable under
their policies for their portions of such losses that exceed such amount. Amounts otherwise payable under this bond may be reduced
as a result.
This bond has no express exclusion for
“acts
of terrorism.”
However, coverage under this bond remains subject to all applicable terms, conditions and limitations
of the bond (including exclusions) that are permissible under the Act. The portion of the premium that is attributable to any
coverage potentially available under the bond for
“acts of terrorism”
is one percent (1%).
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 15
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE
DATE
|
BOND
PERIOD
|
AUTHORIZED
REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration
of the premium charged for this Bond, it is hereby understood and agreed that Item 1 of the Declarations, Name of Insured, shall
include Capital International, Inc.
only
with respect to the provision of its services to the Emerging Markets Growth Fund,
Inc. or to shareholders of such Fund in connection with the issuance, transfer, or reduction of their Fund shares.
It is further
understood and agreed that Item 1 of the Declarations, Name of Insured, shall include Capital Guardian Trust Company
only
with respect to the provision of its services to the Capital Private Client Services Funds, Capital Emerging Markets Total Opportunities
Fund or to shareholders of such Funds in connection with the issuance, transfer, or reduction of their Fund shares.
Except as above stated, nothing herein shall be held to alter,
waive or extend any of the terms of this Bond.
ICI MUTUAL
INSURANCE COMPANY,
a Risk Retention
Group
INVESTMENT
COMPANY BLANKET BOND
RIDER NO. 16
INSURED
|
|
BOND
NUMBER
|
|
|
|
Capital
Research and Management Company
|
|
87111112B
|
EFFECTIVE
DATE
|
BOND
PERIOD
|
AUTHORIZED
REPRESENTATIVE
|
|
|
|
December
19, 2012
|
December
19, 2012 to December 19, 2013
|
/S/
John Mulligan
|
In consideration
of the premium charged for this Bond, it is hereby understood and agreed that the Underwriter shall use its best efforts to enter
into an agreement with each Facultative Reinsurer on this Bond, regarding the Insureds’ rights against such Facultative
Reinsurer (“Cut Through Agreement”), in substantially the form(s) previously reviewed and agreed to by the Insureds.
It is further
understood and agreed that as used in this rider, “Facultative Reinsurer” means any entity providing reinsurance for
this Bond to the Underwriter on a facultative basis (and always excluding any entity providing reinsurance for this Bond to the
Underwriter pursuant to treaty).
Nothing herein contained shall be held to vary, alter,
waive or extend any of the terms, conditions, provisions, agreements or limitations of this Bond other than as above stated.
The Fixed-Income Funds of American Funds
333 South Hope Street
Los Angeles, California 90071-1406
Phone (213) 486 9200
Fax (213) 486 9455
Courtney R. Taylor
Secretary
CERTIFICATE OF
SECRETARY
I,
Courtney R. Taylor, Secretary of The American Funds Income Series; American Funds Money Market Fund; American Funds Mortgage Fund;
American Funds Short-Term Tax-Exempt Bond Fund; American Funds Tax-Exempt Fund of New York; The American Funds Tax-Exempt Series
II; American High-Income Municipal Bond Fund; American High-Income Trust; The Bond Fund of America, Inc.; Capital World Bond Fund;
Intermediate Bond Fund of America; Limited Term Tax-Exempt Bond Fund of America; Short-Term Bond Fund of America; and The Tax-Exempt
Bond Fund of America, do hereby certify that the following is a true and correct copy of a resolution adopted at a meeting of
the Board of Trustees of each Trust, duly called and held on December 5, 2012 at which a quorum was present and voting throughout,
and said resolution has not been in anywise amended, annulled, rescinded or revoked, and the same is still in full force and effect:
WHEREAS,
rule 17g-1 under the Investment Company Act of 1940 provides that every registered investment company shall maintain a bond issued
by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons” of the
Fund shall approve the reasonableness of the form and amount of this Fund’s fidelity bond, as often as their fiduciary duty
requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid by such
company; and
WHEREAS,
the Board previously authorized and empowered the officers of this Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund,
other investment companies served by Capital Research and Management Company and certain other affiliated companies, and certain
medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement by their
respective officers and employees; and
WHEREAS,
this Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of the bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of this Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund, other
investment companies served by Capital Research and Management Company or its affiliates, and certain other affiliated companies,
and certain insurance, medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond hereby determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person
may have access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature
of securities in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business
activities of such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent
to which the share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided
and maintained a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage
in the aggregate amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund
against possible larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that the officers of the Fund are hereby authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by rule 17g-1 under the Investment
Company Act of 1940; and
FURTHER
RESOLVED, that the Secretary of the Fund is hereby designated, pursuant to rule 17g-1 under the Investment Company Act of 1940,
as the person who shall make the filings and give the notices required by said rule.
Witness my hand
this 23rd day of January, 2013.
/s/
Courtney R. Taylor
Courtney R. Taylor
Capital Emerging Markets Total Opportunities Fund
6455 Irvine Center Drive
Irvine, California 92618
Courtney R. Taylor
Secretary
CERTIFICATE OF
SECRETARY
I,
Courtney R. Taylor, Secretary of Capital Emerging Markets Total Opportunities Fund do hereby certify that the following is a true
and correct copy of a resolution adopted at a meeting of the Board of Trustees of the Trust, duly called and held on December
12, 2012 at which a quorum was present and voting throughout, and said resolution has not been in anywise amended, annulled, rescinded
or revoked, and the same is still in full force and effect:
WHEREAS,
rule 17g-1 under the Investment Company Act of 1940 provides that every registered investment company shall maintain a bond issued
by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons” of the
Fund shall approve the reasonableness of the form and amount of this Fund’s fidelity bond, as often as their fiduciary duty
requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid by such
company; and
WHEREAS,
the Board previously authorized and empowered the officers of this Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund,
other investment companies served by Capital Research and Management Company and certain other affiliated companies, and certain
medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement by their
respective officers and employees; and
WHEREAS,
this Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of the bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of this Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund, other
investment companies served by Capital Research and Management Company or its affiliates, and certain other affiliated companies,
and certain insurance, medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond hereby determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person
may have access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature
of securities in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business
activities of such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent
to which the share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided
and maintained a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage
in the aggregate amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund
against possible larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that the officers of the Fund are hereby authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by rule 17g-1 under the Investment
Company Act of 1940; and
FURTHER
RESOLVED, that the Secretary of the Fund is hereby designated, pursuant to rule 17g-1 under the Investment Company Act of 1940,
as the person who shall make the filings and give the notices required by said rule.
Witness my hand
this 23rd day of January, 2013.
/s/Courtney
R. Taylor
Courtney R. Taylor
Capital Private Client Services Funds
6455 Irvine Center Drive
Irvine, California 92618
Courtney R. Taylor
Secretary
CERTIFICATE OF
SECRETARY
I,
Courtney R. Taylor, Secretary of Capital Private Client Services Funds do hereby certify that the following is a true and correct
copy of a resolution adopted at a meeting of the Board of Trustees of the Trust, duly called and held on December 12, 2012 at
which a quorum was present and voting throughout, and said resolution has not been in anywise amended, annulled, rescinded or
revoked, and the same is still in full force and effect:
WHEREAS,
rule 17g-1 under the Investment Company Act of 1940 provides that every registered investment company shall maintain a bond issued
by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons” of the
Fund shall approve the reasonableness of the form and amount of this Fund’s fidelity bond, as often as their fiduciary duty
requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid by such
company; and
WHEREAS,
the Board previously authorized and empowered the officers of this Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund,
other investment companies served by Capital Research and Management Company and certain other affiliated companies, and certain
medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement by their
respective officers and employees; and
WHEREAS,
this Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of the bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of this Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund, other
investment companies served by Capital Research and Management Company or its affiliates, and certain other affiliated companies,
and certain insurance, medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond hereby determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person
may have access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature
of securities in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business
activities of such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent
to which the share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided
and maintained a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage
in the aggregate amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund
against possible larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that the officers of the Fund are hereby authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by rule 17g-1 under the Investment
Company Act of 1940; and
FURTHER
RESOLVED, that the Secretary of the Fund is hereby designated, pursuant to rule 17g-1 under the Investment Company Act of 1940,
as the person who shall make the filings and give the notices required by said rule.
Witness my hand
this 23rd day of January, 2013.
/s/
Courtney R. Taylor
Courtney R. Taylor
American Funds Corporate Bond Fund
American Funds Global High-Income
Opportunities Fund
American Funds Inflation Linked Bond Fund
6455 Irvine Center Drive
Irvine, California 92618
Courtney R. Taylor
Secretary
CERTIFICATE OF
SECRETARY
I,
Courtney R. Taylor, Secretary of American Funds Corporate Bond Fund, American Funds Global High-Income Opportunities Fund and
American Funds Inflation Linked Bond Fund, do hereby certify that the following is a true and correct copy of a resolution adopted
at a meeting of the Board of each Fund, duly called and held on December 5, 2012 at which a quorum was present and voting throughout,
and said resolution has not been in anywise amended, annulled, rescinded or revoked, and the same is still in full force and effect:
WHEREAS,
rule 17g-1 adopted by the U.S. Securities and Exchange Commission pursuant to the Investment Company Act of 1940, as amended (the
“1940 Act”), provides that every registered investment company shall maintain a bond issued by a reputable fidelity
insurance company and that a majority of the members of the Board who are not “interested persons” of the Trust (as
defined in the 1940 Act) shall approve the reasonableness of the form and amount of the Trust’s fidelity bond, as often
as their fiduciary duty requires, but not less than once annually and shall also approve the portion of the premium for any joint
bond to be paid by such company;
NOW,
THEREFORE, BE IT RESOLVED, that each of the officers of the Trust is authorized, empowered and directed to provide and maintain
for the Trust a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance
Company, which bond conforms with the requirements of rule 17g-1 under the 1940 Act and protects this Trust, other investment
companies served by Capital Research and Management Company, and certain other affiliated companies, and certain insurance, medical
and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board members who are not “interested persons” of the Trust (as defined in the 1940
Act) or any other insured under said joint insured bond determine, with due consideration to (1) the value of the aggregate assets
of the Trust to which any covered person may have access, (2) the type and terms of the arrangements made for the custody and
safekeeping of such assets, (3) the nature of securities in the portfolio of the Trust, (4) the number of other parties named
as insureds, (5) the nature of the business activities of such other parties, (6) the method of allocation of the premium among
the parties named as insureds, (7) the extent to which the share of the premium allocated to the Trust, if any, is less than the
premium the Trust would have had to pay if it had provided and maintained a single insured bond, and (8) such other matters
as they consider relevant, that the proposed fidelity bond coverage in the aggregate amount of $100 million is in reasonable form
and constitutes a reasonable amount of coverage to protect the Trust against possible larceny or embezzlement by its officers
and employees; and
FURTHER
RESOLVED, that each of the officers of the Trust is authorized, empowered and directed, on behalf of the Trust and in its name,
to execute and enter into an agreement with other joint insureds regarding such coverage, said agreement providing that in the
event recovery is received under the bond as a result of a loss sustained, the Trust shall receive an equitable and proportionate
share of the recovery but at least equal to the amount which it would have received had it provided and maintained a single insured
bond with the minimum coverage required by rule 17g-1 under the 1940 Act; and
FURTHER
RESOLVED, that the Secretary of the Trust is designated, pursuant to rule 17g-1, as the person who shall make the filings and
give the notices required by said rule.
Witness my hand
this 23rd day of January, 2013.
/s/
Courtney R. Taylor
Courtney
R. Taylor
CERTIFICATE OF
SECRETARY
I,
Jennifer L. Butler, Secretary of Washington Mutual Investors Fund, do hereby certify that the following is a true and correct
copy of a resolution adopted via Unanimous Written Consent by the Board of Trustees of the Fund to be effective December 12, 2012,
and said resolution has not been in anywise amended, annulled, rescinded or revoked, and the same is still in full force and effect:
WHEREAS,
Rule 17g-1 under the Investment Company Act of 1940 provides that every registered investment company shall maintain a bond issued
by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons” of the
Fund shall approve the reasonableness of the form and amount of this Fund’s fidelity bond, as often as their fiduciary duty
requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid by such
company; and
WHEREAS,
the Board previously authorized and empowered the officers of this Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of Rule 17g-1 under the Investment Company Act of 1940 and protects this Fund,
other investment companies served by Capital Research and Management Company and certain other affiliated companies, and certain
medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement by their
respective officers and employees; and
WHEREAS,
this Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of the bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of this Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of Rule 17g-1 under the Investment Company Act of 1940 and protects this Fund, other
investment companies served by Capital Research and Management Company, and certain other affiliated companies, and certain insurance,
medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond hereby determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person
may have access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature
of securities in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business
activities of such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent
to which the share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided
and maintained a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage
in the aggregate amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund
against possible larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that the officers of the Fund are hereby authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by Rule 17g-1 under the Investment
Company Act of 1940; and
FURTHER
RESOLVED, that the Secretary of the Fund is hereby designated, pursuant to Rule 17g-1 under the Investment Company Act of 1940,
as the person who shall make the filings and give the notices required by said Rule.
Witness my hand
this 16th day of January, 2013.
/s/
Jennifer L. Butler
Jennifer
L. Butler
Secretary
|
Emerging
Markets Growth Fund, Inc.
333 South Hope
Street, 31
st
Floor
Los Angeles,
California 90071
|
CERTIFICATE OF
SECRETARY
I,
Laurie D. Neat, Secretary of Emerging Markets Growth Fund, Inc. do hereby certify that the following is a true and correct copy
of a resolution adopted at a meeting of the Board of Directors of the Corporation, duly called and held on December 17, 2012 at
which a quorum was present and voting throughout, and said resolution has not been in anywise amended, annulled, rescinded or
revoked, and the same is still in full force and effect:
WHEREAS,
rule 17g-1 under the Investment Company Act of 1940 provides that every registered investment company shall maintain a bond issued
by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons” of the
Corporation shall approve the reasonableness of the form and amount of this Corporation’s fidelity bond, as often as their
fiduciary duty requires, but not less than once annually and shall also approve the portion of the premium for any joint bond
to be paid by such company; and
WHEREAS,
the Board previously authorized and empowered the officers of this Corporation to provide and maintain for the Corporation a joint
insured registered investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will
expire on December 19, 2012, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940
and protects this Corporation, other investment companies served by Capital Research and Management Company and certain other
affiliated companies, and certain medical, retirement, and benefit plans for officers and employees of such corporations, against
larceny and embezzlement by their respective officers and employees; and
WHEREAS,
this Board has received and reviewed a memorandum dated December 7, 2012, describing, among other things, proposed coverage and
terms of the bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of this Corporation to provide and maintain for
the Corporation a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance
Company, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Corporation,
other investment companies served by Capital Research and Management Company or its affiliates, certain other affiliated companies,
and certain insurance, medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Corporation or any other insured under said joint
insured bond hereby determine, with due consideration to (1) the value of the aggregate assets of the Corporation to which any
covered person may have access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets,
(3) the nature of securities in the portfolio of the Corporation, (4) the number of other parties named as insureds, (5) the nature
of the business activities of such other parties, (6) the method of allocation of the premium among the parties named as insureds,
(7) the extent to which the share of the premium allocated to the Corporation is less than the premium the Corporation would have
had to pay if it had provided and maintained a single insured bond, and (8) such other matters as they consider relevant, that
the proposed fidelity bond coverage in the aggregate amount of $100 million is in reasonable form and constitutes a reasonable
amount of coverage to protect the Corporation against possible larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that the officers of the Corporation are hereby authorized to enter into a revised agreement with other joint insureds
regarding such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss
sustained, the Corporation shall receive an equitable and proportionate share of the recovery but at least equal to the amount
which it would have received had it provided and maintained a single insured bond with the minimum coverage required by rule 17g-1
under the Investment Company Act of 1940; and
FURTHER
RESOLVED, that the Secretary of the Corporation is hereby designated, pursuant to rule 17g-1 under the Investment Company Act
of 1940, as the person who shall make the filings and give the notices required by said rule.
Witness my hand
this 23 day of January, 2013.
/s/
Laurie D. Neat
Laurie
D. Neat
American
Balanced Fund
American
Funds
Fundamental
Investors
The
Growth Fund of America, Inc.
The
Income Fund of America
International
Growth and
Income
Fund
SMALLCAP
World Fund, Inc.
One
Market, Steuart Tower
Suite
2000
San
Francisco, California 94105
Mailing
address:
P.O.
Box 7650
San
Francisco, California 94120-7650
Phone
(415) 393 7110
Fax
(415) 393 7140
Patrick
Quan
Secretary
|
CERTIFICATE
OF SECRETARY
I, PATRICK F. QUAN,
Secretary of AMERICAN BALANCED FUND, AMERICAN FUNDS FUNDAMENTAL INVESTORS, THE GROWTH FUND OF AMERICA, INC., THE INCOME FUND OF
AMERICA, INTERNATIONAL GROWTH AND INCOME FUND, and SMALLCAP WORLD FUND, INC., do hereby certify that the following is a true and
correct copy of a resolution adopted at meetings of the Boards of said companies, duly called and held on December 6, 2012, at
which quorums were present and voting throughout, and said resolution has not been in anywise amended, annulled, rescinded or
revoked, and the same is still in full force and effect:
WHEREAS,
rule 17g-1 under the Investment Company Act of 1940, as amended, provides that every registered investment company shall maintain
a bond issued by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons”
of the Fund shall approve the reasonableness of the form and amount of the Fund’s fidelity bond, as often as their fiduciary
duty requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid
by such company; and
WHEREAS,
the Board previously authorized and empowered the officers of the Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940, as amended, and protects
the Fund, other investment companies served by Capital Research and Management Company and certain other affiliated companies,
and certain medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement
by their respective officers and employees; and
WHEREAS,
the Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of a bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of the Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940, as amended, and protects the
Fund, other investment companies served by Capital Research and Management Company, and certain other affiliated companies, and
certain insurance, medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person may have
access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature of securities
in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business activities of
such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent to which the
share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided and maintained
a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage in the aggregate
amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund against possible
larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that each of the officers of the Fund is authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by rule 17g-1 under the Investment
Company Act of 1940, as amended; and
FURTHER
RESOLVED, that the Secretary of the Fund is designated, pursuant to rule 17g-1 under the Investment Company Act of 1940, as amended,
as the person who shall make the filings and give the notices required by said rule.
WITNESS
my hand this 10th day of January, 2013.
/s/
Patrick F. Quan
Patrick
F. Quan
American Funds College Target Date Series
6455 Irvine Center Drive
Irvine, California 92618
Phone (213) 486 9447
Fax (213) 486 9455
E-mail: siik@capgroup.com
Steven I. Koszalka
Secretary
CERTIFICATE
OF SECRETARY
I,
Steven I. Koszalka, Secretary of American Funds College Target Date Series do hereby certify that the following is a true and
correct copy of a resolution adopted at a meeting of the Board of Trustees of the Trust, duly called and held on December 5, 2012
at which a quorum was present and voting throughout, and said resolution has not been in anywise amended, annulled, rescinded
or revoked, and the same is still in full force and effect:
WHEREAS,
rule 17g-1 under the Investment Company Act of 1940 provides that every registered investment company shall maintain a bond issued
by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons” of the
Fund shall approve the reasonableness of the form and amount of this Fund’s fidelity bond, as often as their fiduciary duty
requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid by such
company; and
WHEREAS,
the Board previously authorized and empowered the officers of this Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund,
other investment companies served by Capital Research and Management Company and certain other affiliated companies, and certain
medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement by their
respective officers and employees; and
WHEREAS,
this Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of the bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of this Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund, other
investment companies served by Capital Research and Management Company or its affiliates, and certain other affiliated companies,
and certain insurance, medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond hereby determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person
may have access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature
of securities in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business
activities of such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent
to which the share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided
and maintained a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage
in the aggregate amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund
against possible larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that the officers of the Fund are hereby authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by rule 17g-1 under the Investment
Company Act of 1940; and
FURTHER
RESOLVED, that the Secretary of the Fund is hereby designated, pursuant to rule 17g-1 under the Investment Company Act of 1940,
as the person who shall make the filings and give the notices required by said rule.
Witness my hand
this 10th day of January, 2013.
/s/
Steven I. Koszalka
Steven
I. Koszalka
American Funds Insurance Series
333 South Hope Street
Los Angeles, California 90071-1406
Phone (213) 486 9447
Fax (213) 486 9455
E-mail: siik@capgroup.com
Steven I. Koszalka
Secretary
CERTIFICATE
OF SECRETARY
I,
Steven I. Koszalka, Secretary of American Funds Insurance Series do hereby certify that the following is a true and correct copy
of a resolution adopted at a meeting of the Board of Trustees of the Trust, duly called and held on December 5, 2012 at which
a quorum was present and voting throughout, and said resolution has not been in anywise amended, annulled, rescinded or revoked,
and the same is still in full force and effect:
WHEREAS,
rule 17g-1 under the Investment Company Act of 1940 provides that every registered investment company shall maintain a bond issued
by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons” of the
Fund shall approve the reasonableness of the form and amount of this Fund’s fidelity bond, as often as their fiduciary duty
requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid by such
company; and
WHEREAS,
the Board previously authorized and empowered the officers of this Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund,
other investment companies served by Capital Research and Management Company and certain other affiliated companies, and certain
medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement by their
respective officers and employees; and
WHEREAS,
this Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of the bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of this Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund, other
investment companies served by Capital Research and Management Company or its affiliates, and certain other affiliated companies,
and certain insurance, medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond hereby determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person
may have access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature
of securities in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business
activities of such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent
to which the share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided
and maintained a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage
in the aggregate amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund
against possible larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that the officers of the Fund are hereby authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by rule 17g-1 under the Investment
Company Act of 1940; and
FURTHER
RESOLVED, that the Secretary of the Fund is hereby designated, pursuant to rule 17g-1 under the Investment Company Act of 1940,
as the person who shall make the filings and give the notices required by said rule.
Witness my hand
this 10th day of January, 2013.
/s/
Steven I. Koszalka
Steven
I. Koszalka
American Funds Portfolio Series
6455 Irvine Center Drive
Irvine, California 92618
Phone (213) 486 9447
Fax (213) 486 9455
E-mail: siik@capgroup.com
Steven I. Koszalka
Secretary
CERTIFICATE
OF SECRETARY
I,
Steven I. Koszalka, Secretary of American Funds Portfolio Series do hereby certify that the following is a true and correct copy
of a resolution adopted at a meeting of the Board of Trustees of the Trust, duly called and held on December 5, 2012 at which
a quorum was present and voting throughout, and said resolution has not been in anywise amended, annulled, rescinded or revoked,
and the same is still in full force and effect:
WHEREAS,
rule 17g-1 under the Investment Company Act of 1940 provides that every registered investment company shall maintain a bond issued
by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons” of the
Fund shall approve the reasonableness of the form and amount of this Fund’s fidelity bond, as often as their fiduciary duty
requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid by such
company; and
WHEREAS,
the Board previously authorized and empowered the officers of this Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund,
other investment companies served by Capital Research and Management Company and certain other affiliated companies, and certain
medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement by their
respective officers and employees; and
WHEREAS,
this Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of the bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of this Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund, other
investment companies served by Capital Research and Management Company or its affiliates, and certain other affiliated companies,
and certain insurance, medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond hereby determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person
may have access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature
of securities in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business
activities of such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent
to which the share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided
and maintained a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage
in the aggregate amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund
against possible larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that the officers of the Fund are hereby authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by rule 17g-1 under the Investment
Company Act of 1940; and
FURTHER
RESOLVED, that the Secretary of the Fund is hereby designated, pursuant to rule 17g-1 under the Investment Company Act of 1940,
as the person who shall make the filings and give the notices required by said rule.
Witness my hand
this 10th day of January, 2013.
/s/Steven
I. Koszalka
Steven
I. Koszalka
American Funds Target Date Retirement Series
333 South Hope Street
Los Angeles, California 90071-1406
Phone (213) 486 9447
Fax (213) 486 9455
E-mail: siik@capgroup.com
Steven I. Koszalka
Secretary
CERTIFICATE
OF SECRETARY
I,
Steven I. Koszalka, Secretary of American Funds Target Date Retirement Series, do hereby certify that the following is a true
and correct copy of a resolution adopted at a meeting of the Board of Trustees of the Trust, duly called and held on December
5, 2012 at which a quorum was present and voting throughout, and said resolution has not been in anywise amended, annulled, rescinded
or revoked, and the same is still in full force and effect:
WHEREAS,
rule 17g-1 under the Investment Company Act of 1940 provides that every registered investment company shall maintain a bond issued
by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons” of the
Fund shall approve the reasonableness of the form and amount of this Fund’s fidelity bond, as often as their fiduciary duty
requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid by such
company; and
WHEREAS,
the Board previously authorized and empowered the officers of this Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund,
other investment companies served by Capital Research and Management Company and certain other affiliated companies, and certain
medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement by their
respective officers and employees; and
WHEREAS,
this Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of the bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of this Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940 and protects this Fund, other
investment companies served by Capital Research and Management Company or its affiliates, and certain other affiliated companies,
and certain insurance, medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond hereby determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person
may have access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature
of securities in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business
activities of such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent
to which the share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided
and maintained a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage
in the aggregate amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund
against possible larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that the officers of the Fund are hereby authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by rule 17g-1 under the Investment
Company Act of 1940; and
FURTHER
RESOLVED, that the Secretary of the Fund is hereby designated, pursuant to rule 17g-1 under the Investment Company Act of 1940,
as the person who shall make the filings and give the notices required by said rule.
Witness my hand
this 10th day of January, 2013.
/s/
Steven I. Koszalka
Steven
I. Koszalka
CERTIFICATE OF
SECRETARY
I,
Stephanie L. Pfromer, Secretary of The American Funds Tax-Exempt Series I, do hereby certify that the following is a true and
correct copy of a resolution adopted via Unanimous Written Consent by the Board of Trustees of the Trust to be effective December
12, 2012, and said resolution has not been in anywise amended, annulled, rescinded or revoked, and the same is still in full force
and effect:
WHEREAS,
Rule 17g-1 under the Investment Company Act of 1940 provides that every registered investment company shall maintain a bond issued
by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons” of the
Fund shall approve the reasonableness of the form and amount of this Fund’s fidelity bond, as often as their fiduciary duty
requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid by such
company; and
WHEREAS,
the Board previously authorized and empowered the officers of this Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of Rule 17g-1 under the Investment Company Act of 1940 and protects this Fund,
other investment companies served by Capital Research and Management Company and certain other affiliated companies, and certain
medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement by their
respective officers and employees; and
WHEREAS,
this Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of the bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of this Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of Rule 17g-1 under the Investment Company Act of 1940 and protects this Fund, other
investment companies served by Capital Research and Management Company, and certain other affiliated companies, and certain insurance,
medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond hereby determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person
may have access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature
of securities in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business
activities of such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent
to which the share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided
and maintained a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage
in the aggregate amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund
against possible larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that the officers of the Fund are hereby authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by Rule 17g-1 under the Investment
Company Act of 1940; and
FURTHER
RESOLVED, that the Secretary of the Fund is hereby designated, pursuant to Rule 17g-1 under the Investment Company Act of 1940,
as the person who shall make the filings and give the notices required by said Rule.
Witness my hand
this 16th day of January, 2013.
/s/
Stephanie L. Pfromer
Stephanie
L. Pfromer
Secretary
EuroPacific
Growth Fund
New
Perspective Fund
New
World Fund, Inc.
Phone
(213) 486 9200
Fax
(213) 486 9455
Vincent
P. Corti
Secretary
|
CERTIFICATE
OF SECRETARY
I, Vincent P. Corti,
Secretary of EUROPACIFIC GROWTH FUND, NEW PERSPECTIVE FUND and NEW WORLD FUND, INC., do hereby certify that the following is a
true and correct copy of a resolution adopted at meetings of the Boards of said companies, duly called and held on December 3,
2012, at which quorums were present and voting throughout, and said resolution has not been in anywise amended, annulled, rescinded
or revoked, and the same is still in full force and effect:
WHEREAS,
rule 17g-1 under the Investment Company Act of 1940, as amended, provides that every registered investment company shall maintain
a bond issued by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons”
of the Fund shall approve the reasonableness of the form and amount of the Fund’s fidelity bond, as often as their fiduciary
duty requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid
by such company; and
WHEREAS,
the Board previously authorized and empowered the officers of the Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940, as amended, and protects
the Fund, other investment companies served by Capital Research and Management Company and certain other affiliated companies,
and certain medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement
by their respective officers and employees; and
WHEREAS,
the Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of a bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of the Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940, as amended, and protects the
Fund, other investment companies served by Capital Research and Management Company, and certain other affiliated companies, and
certain insurance, medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person may have
access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature of securities
in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business activities of
such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent to which the
share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided and maintained
a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage in the aggregate
amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund against possible
larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that each of the officers of the Fund is authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by rule 17g-1 under the Investment
Company Act of 1940, as amended; and
FURTHER
RESOLVED, that the Secretary of the Fund is designated, pursuant to rule 17g-1 under the Investment Company Act of 1940, as amended,
as the person who shall make the filings and give the notices required by said rule.
WITNESS
my hand this 31st day of January, 2013.
/s/
Vincent P. Corti
Vincent
P. Corti
AMCAP
Fund
American
Funds Global Balanced Fund
American
Mutual Fund
Capital
Income Builder
Capital
World Growth and Income Fund
The
Investment Company of America
The
New Economy Fund
Phone
(213) 486 9200
Fax
(213) 486 9455
Vincent
P. Corti
Secretary
|
CERTIFICATE
OF SECRETARY
I, Vincent P. Corti,
Secretary of AMCAP FUND, AMERICAN FUNDS GLOBAL BALANCED FUND, AMERICAN MUTUAL FUND, CAPITAL INCOME BUILDER, CAPITAL WORLD GROWTH
AND INCOME FUND, THE INVESTMENT COMPANY OF AMERICA and THE NEW ECONOMY FUND., do hereby certify that the following is a true and
correct copy of a resolution adopted at meetings of the Boards of said companies, duly called and held on December 4, 2012, at
which quorums were present and voting throughout, and said resolution has not been in anywise amended, annulled, rescinded or
revoked, and the same is still in full force and effect:
WHEREAS,
rule 17g-1 under the Investment Company Act of 1940, as amended, provides that every registered investment company shall maintain
a bond issued by a reputable fidelity insurance company and that a majority of the Board who are not “interested persons”
of the Fund shall approve the reasonableness of the form and amount of the Fund’s fidelity bond, as often as their fiduciary
duty requires, but not less than once annually and shall also approve the portion of the premium for any joint bond to be paid
by such company; and
WHEREAS,
the Board previously authorized and empowered the officers of the Fund to provide and maintain for the Fund a joint insured registered
investment company bond, consisting of a $100 million bond written by ICI Mutual Insurance Company, which will expire on December
19, 2012, which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940, as amended, and protects
the Fund, other investment companies served by Capital Research and Management Company and certain other affiliated companies,
and certain medical, retirement, and benefit plans for officers and employees of such corporations, against larceny and embezzlement
by their respective officers and employees; and
WHEREAS,
the Board has received and reviewed a memorandum dated November 27, 2012, describing, among other things, proposed coverage and
terms of a bond and the proposed method of allocating premiums among the joint participants;
NOW,
THEREFORE, BE IT RESOLVED, that the Board authorizes and empowers the officers of the Fund to provide and maintain for the Fund
a joint insured registered investment company bond consisting of a $100 million bond written by ICI Mutual Insurance Company,
which bond conforms with the requirements of rule 17g-1 under the Investment Company Act of 1940, as amended, and protects the
Fund, other investment companies served by Capital Research and Management Company, and certain other affiliated companies, and
certain insurance, medical and retirement plans for officers and employees of such corporations; and
FURTHER
RESOLVED, that a majority of the Board who are not interested persons of the Fund or any other insured under said joint insured
bond determine, with due consideration to (1) the value of the aggregate assets of the Fund to which any covered person may have
access, (2) the type and terms of the arrangements made for the custody and safekeeping of such assets, (3) the nature of securities
in the portfolio of the Fund, (4) the number of other parties named as insureds, (5) the nature of the business activities of
such other parties, (6) the method of allocation of the premium among the parties named as insureds, (7) the extent to which the
share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided and maintained
a single insured bond, and (8) such other matters as they consider relevant, that the proposed fidelity bond coverage in the aggregate
amount of $100 million is in reasonable form and constitutes a reasonable amount of coverage to protect the Fund against possible
larceny or embezzlement by its officers and employees; and
FURTHER
RESOLVED, that each of the officers of the Fund is authorized to enter into a revised agreement with other joint insureds regarding
such coverage, said agreement providing that in the event recovery is received under the bond as a result of a loss sustained,
the Fund shall receive an equitable and proportionate share of the recovery but at least equal to the amount which it would have
received had it provided and maintained a single insured bond with the minimum coverage required by rule 17g-1 under the Investment
Company Act of 1940, as amended; and
FURTHER
RESOLVED, that the Secretary of the Fund is designated, pursuant to rule 17g-1 under the Investment Company Act of 1940, as amended,
as the person who shall make the filings and give the notices required by said rule.
WITNESS
my hand this 31st day of January, 2013.
/s/
Vincent P. Corti
Vincent
P. Corti
Fidelity bond
premium allocation, 2012 - 2013
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund
|
Gross
assets ($MM)
as of fiscal quarter end
1
|
Rule
17g-1
minimum coverage
|
Premium
for
individual policy
2
|
2012-13
allocation factor
(%)
|
2012-13
estimated
premium allocation
per fund
3
|
|
|
Funds
managed by Capital Research and Management Company
|
|
|
AFCTD
|
$37.1
|
$350,000
|
$30,000
|
0.641%
|
$769
|
|
|
AFIS
|
104,970.3
|
2,500,000
|
$178,000
|
3.801%
|
$4,561
|
|
|
AFTD
|
12,745.2
|
2,500,000
|
115,000
|
2.456%
|
$2,947
|
|
|
AFMF
|
627.6
|
900,000
|
60,000
|
1.281%
|
$1,537
|
|
|
AFPS
|
1,602.8
|
1,500,000
|
70,000
|
1.495%
|
|
|
|
AHIM
|
2,870.5
|
1,900,000
|
70,000
|
1.495%
|
$1,794
|
|
|
AHIT
|
19,808.7
|
2,500,000
|
150,000
|
3.203%
|
$3,844
|
|
|
AMBAL
|
55,429.8
|
2,500,000
|
170,000
|
3.630%
|
$4,356
|
|
|
AMCAP
|
24,645.1
|
2,500,000
|
150,000
|
3.203%
|
$3,844
|
|
|
AMF
|
22,623.2
|
2,500,000
|
150,000
|
3.203%
|
$3,844
|
|
|
BFA
|
34,027.6
|
2,500,000
|
160,000
|
3.417%
|
$4,100
|
|
|
CBF
4
|
50.0
|
400,000
|
30,000
|
0.641%
|
$769
|
|
|
CIB
|
78,718.2
|
2,500,000
|
178,000
|
3.801%
|
$4,561
|
|
|
EUPAC
|
100,282.5
|
2,500,000
|
178,000
|
3.801%
|
$4,561
|
|
|
FI
|
51,559.0
|
2,500,000
|
170,000
|
3.630%
|
$4,356
|
|
|
GBAL
|
3,327.7
|
2,100,000
|
75,000
|
1.602%
|
$1,922
|
|
|
GFA
|
114,773.6
|
2,500,000
|
213,000
|
4.548%
|
$5,458
|
|
|
GHI
4
|
50.0
|
400,000
|
30,000
|
0.641%
|
$769
|
|
|
GVT
|
7,336.6
|
2,500,000
|
85,000
|
1.815%
|
$2,178
|
|
|
IBFA
|
9,713.7
|
2,500,000
|
95,000
|
2.029%
|
$2,434
|
|
|
ICA
|
58,518.5
|
2,500,000
|
170,000
|
3.630%
|
$4,356
|
|
|
IFA
|
74,606.2
|
2,500,000
|
178,000
|
3.801%
|
$4,561
|
|
|
IGI
|
5,202.5
|
2,500,000
|
80,000
|
1.708%
|
$2,050
|
|
|
ILBF
4
|
25.0
|
300,000
|
30,000
|
0.641%
|
$769
|
|
|
LTEX
|
3,068.0
|
2,100,000
|
75,000
|
1.602%
|
$1,922
|
|
|
MMF
|
17,941.0
|
2,500,000
|
145,000
|
3.096%
|
$3,716
|
|
|
NEF
|
7,543.3
|
2,500,000
|
85,000
|
1.815%
|
$2,178
|
|
|
NPF
|
43,258.2
|
2,500,000
|
160,000
|
3.417%
|
$4,100
|
|
|
NWF
|
19,125.6
|
2,500,000
|
150,000
|
3.203%
|
$3,844
|
|
|
SCWF
|
19,661.4
|
2,500,000
|
150,000
|
3.203%
|
$3,844
|
|
|
STBF
|
4,321.9
|
2,500,000
|
80,000
|
1.708%
|
$2,050
|
|
|
STEX
|
658.2
|
900,000
|
60,000
|
1.281%
|
$1,537
|
|
|
TEBF
|
9,702.4
|
2,500,000
|
95,000
|
2.029%
|
$2,434
|
|
|
TEFCA
|
1,596.1
|
1,500,000
|
70,000
|
1.495%
|
$1,794
|
|
|
TEFMD/TEFVA
|
905.4
|
1,000,000
|
60,000
|
1.281%
|
$1,537
|
|
|
TEFNY
|
132.1
|
525,000
|
60,000
|
1.281%
|
$1,537
|
|
|
WBF
|
13,641.7
|
2,500,000
|
115,000
|
2.456%
|
$2,947
|
|
|
WGI
|
68,732.4
|
2,500,000
|
178,000
|
3.801%
|
$4,561
|
|
|
WMIF
|
55,855.4
|
2,500,000
|
170,000
|
3.630%
|
$4,356
|
|
|
Funds managed
by Capital International, Inc.
|
|
|
EMGF
|
11,651.6
|
2,500,000
|
115,000
|
2.456%
|
$2,947
|
|
|
Funds managed
by Capital Guardian Trust Company
|
|
|
ETOP
|
21.3
|
250,000
|
30,000
|
0.641%
|
$769
|
|
|
PCS
|
1,596.0
|
1,500,000
|
70,000
|
1.495%
|
$1,794
|
|
|
TOTAL
|
$1,048,578.3
5
|
$83,125,000
|
$4,683,000
|
100%
|
$120,000
|
|
1
Assets are shown as of the most recent fiscal quarter end prior to December 19, 2012 renewal date. Where October 31, 2012 assets were not available, September 30, 2012 figures were used.
|
|
2
Premiums for individual policies were provided by insurance consultant, Swett & Crawford, and are based on recommended levels of coverage which take into account Rule 17g-1
minimum coverage requirements and asset size.
|
|
3
Estimated premium allocations are based on a preliminary indication of $480,000 for a $100 million fidelity bond.
|
|
4
American
Funds Corporate Bond Fund, American Funds Global High-Income Opportunities Fund and American Funds Inflation Linked Bond Fund
are expected to commence operations in Spring 2013. The Funds will be managed by Capital Research and Management Company.
|
5
Total excludes AFCTD, AFTD and AFPS assets which are already included in totals for the underlying funds. Total also excludes American Funds Insurance Series - Protected Asset Allocation Fund.
|
|
2012 - 2013
Fidelity Bond allocation
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Group
|
|
|
|
Percent of allocation
|
|
2012-2013 estimated
premium allocation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Funds
|
|
|
|
25%
|
|
$120,000
|
|
|
|
|
|
|
|
|
|
|
American Funds Service Company
|
|
|
40%
|
|
$192,000
|
|
|
|
|
|
|
|
|
|
|
Capital Group companies and related
|
|
35%
|
|
$168,000
|
|
participants including:
|
|
|
|
|
|
|
|
American Funds Distributors, Inc.
|
|
|
|
|
|
|
|
Capital Bank and Trust Company
|
|
|
|
|
|
|
|
The Capital Group Companies, Inc.
|
|
|
|
|
|
|
|
Capital Group Research, Inc.
|
|
|
|
|
|
|
|
Capital Research and Management Company
|
|
|
|
|
|
|
Capital Research Company
|
|
|
|
|
|
|
|
Capital Strategy Research, Inc.
|
|
|
|
|
|
|
|
Certain Capital Group benefit plans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
|
|
100%
|
|
$480,000
2
|
|
|
|
|
|
|
|
|
|
1
The recommended allocation between the Funds and the participating Capital Group companies is based on information received from
insurance consultant Swett & Crawford and ICI Mutual Insurance Company taking into consideration relative risk and industry practice.
|
|
2
Based on ICI Mutual's preliminary indication for a $100 million fidelity bond. Does not include tax.
|
OFFICER’S
CERTIFICATE
This
is to certify that the premium for the joint insured Registered Management Investment Company Bond issued by ICI Mutual Insurance
Company was paid for the period December 19, 2012 through December 19, 2013.
Dated: January 28, 2013
/s/ Michael J.
Downer
Michael J. Downer
Joint Insuring
Agreement for Investment Company Blanket Bond “Fidelity Bond”
The investment companies managed by
Capital Research and Management Company, its subsidiaries or affiliates, (collectively, the “Investment Company Insureds”);
the investment companies and other pooled investment vehicles managed by Capital Research and Management Company, its subsidiaries
or affiliates which are no longer in operation, and American Funds Distributors, Inc., American Funds Service Company, Capital
Bank and Trust Company, The Capital Group Companies, Inc., Capital International, Inc., Capital Guardian Trust Company, Capital
Group Companies Global, Capital Group Research, Inc., Capital Management Services, Inc., Capital International Research, Inc.,
Capital Research Company, Capital Research and Management Company, Capital Strategy Research, Inc., and certain benefit plans
maintained by the The Capital Group Companies, Inc. or its subsidiaries or affiliates for the benefit of current or former employees
(collectively, “Other Insureds”)(together, the “Parties”), hereby agree to jointly participate as named
insureds in a joint insured fidelity bond providing for fidelity bonding of the officers and employees of the named insureds (the
“Bond”), subject to the following terms and conditions:
I.
Definitions
|
a)
|
Actual Loss - the total amount of
any pecuniary loss suffered by any of the Parties under circumstances
covered by the terms of the Policy(ies) without regard to whether the
amount of coverage is sufficient to enable such party to recover the
total amount of such pecuniary loss.
|
|
b)
|
Excess Investment Company Coverage
- the amount by which the Investment Company Coverage exceeds the amount
of the combined Rule 17g-1 Minimum Coverage Requirements of the Investment
Company Insureds.
|
|
c)
|
Fidelity Coverage - the total amount
of coverage provided under the Bond.
|
|
d)
|
Investment Company Coverage - the
amount of coverage attributable to the premiums paid by the Investment
Company Insureds.
|
|
e)
|
Rule 17g-1 Minimum Coverage Requirement
- the minimum amount of insurance coverage required to be maintained
by an entity on a current basis based upon the gross assets of each
Investment Company and being determined as of the close of the most
recent fiscal quarter in accordance with the table set forth in Rule
17g-1 of the Investment Company Act of 1940 as it may from time to
time be amended by the Securities and Exchange Commission or any successor
agency thereto responsible for the regulation of investment companies.
|
|
g)
|
Other Insureds Coverage - the amount
of coverage attributable to premiums paid by the Other Insureds.
|
II.
Amount of the Bond
It shall be the intent of the Parties
that the amount of the Fidelity Coverage at all times shall be at least equal to the amount of the combined 17g-1 Minimum Coverage
Requirements of the Investment Company Insureds plus the amount of coverage that would have been required by the Other Insureds
pursuant to federal statute or regulations had they not been named as insureds under the Bond.
III.
Allocation of Recovery under
the Bond
In the event Actual Loss is suffered
concurrently by any of the Parties and aggregate losses exceed policy limits, recovery to the extent of an Actual Loss will be
allocated in the following manner, subject to the provisions in Section V:
|
a)
|
each Investment Company Insured which
has suffered such Actual Loss shall be entitled to recover from the
Investment Company Coverage, (i) its Rule 17g-1 Minimum Coverage Requirement,
and (ii) to the extent there is Excess Investment Company Coverage,
each such Investment Company Insured shall recover the proportion of
such coverage that its premium bears to the amount of all premiums
paid by all such Investment Company Insureds;
|
|
b)
|
each Other Insured which has suffered
such Actual Loss shall be entitled to recover from the Other Insureds
Coverage, (i), to the extent applicable, such Other Insured’s
Rule 17g-1 Minimum Coverage Requirement, and (ii) to the extent there
is excess Other Insureds Coverage, the proportion of such coverage
that its premium bears to the amount of all premiums paid by all such
Other Insureds;
|
c)
each such Party shall be entitled to recover from any coverage remaining after recovery under a) and b) the proportion of such
coverage that its premium bears to the amount of all premiums paid by such Parties. Entities not bearing a specific premium amount
or bearing a
de minimis
amount as the result of recent commencement of operations shall be allocated a fair and reasonable
amount in light of the facts and circumstances as determined by The Capital Group Companies Management Committee.
IV.
Annual Review
The majority of the directors of each
Investment Company Insured shall, not less than annually, approve the amount of the fidelity bond, the joint nature of the policies,
and the portion of the premiums ratable to each Company.
V.
Additional Parties
Any registered investment company
managed by Capital Research and Management Company, Capital International, Inc., Capital Guardian Trust Company or any company
affiliated with The Capital Group Companies, Inc. that is an eligible insured party under Rules 17g-1(b) and 17d-1(d)(7) (“Additional
Party”), as applicable, may become a Party hereto.
Notwithstanding the provisions in
Section III, any Additional Party shall be entitled to recover its Rule 17g-1 Minimum Coverage Requirements amount under the Other
Insured Coverage and, under III. b.ii), based on premiums paid by an Investment Company Insured of similar size. Additional parties
that are not subject to a Rule 17g-1 Minimum Coverage Requirement may be allocated a fair and reasonable amount in light of the
facts and circumstances as determined by The Capital Group Companies Management Committee.
Witness our hand and signatures this
19th day of December, 2012
Funds Managed
by Capital Research and Management Company
AMCAP
FUND
|
|
AMERICAN
BALANCED FUND
|
|
|
|
/s/Vincent
P. Corti
|
|
/s/Patrick
F. Quan
|
Vincent P. Corti,
Secretary
|
|
Patrick F. Quan,
Secretary
|
|
|
|
AMERICAN FUNDS
COLLEGE TARGET DATE SERIES
|
|
AMERICAN FUNDS
FUNDAMENTAL INVESTORS
|
|
|
|
/s/Steven
I. Koszalka
|
|
/s/Patrick
F. Quan
|
Steven I. Koszalka,
Secretary
|
|
Patrick F. Quan,
Secretary
|
|
|
|
|
|
|
AMERICAN FUNDS
GLOBAL BALANCED FUND
|
|
THE AMERICAN FUNDS
INCOME SERIES
|
|
|
|
/s/Vincent
P. Corti
|
|
/s/Courtney
R. Taylor
|
Vincent P. Corti,
Secretary
|
|
Courtney R. Taylor,
Secretary
|
|
|
|
|
|
|
AMERICAN FUNDS
INSURANCE SERIES
|
|
AMERICAN FUNDS
MONEY MARKET FUND
|
|
|
|
/s/Steven
I. Koszalka
|
|
/s/Courtney
R. Taylor
|
Steven I. Koszalka,
Secretary
|
|
Courtney R. Taylor,
Secretary
|
|
|
|
|
|
|
|
|
|
AMERICAN FUNDS
MORTGAGE FUND
|
|
AMERICAN FUNDS
PORTFOLIO SERIES
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Steven
I. Koszalka
|
Courtney R. Taylor,
Secretary
|
|
Steven I. Koszalka,
Secretary
|
|
|
|
|
|
|
AMERICAN FUNDS
SHORT-TERM TAX-EXEMPT BOND FUND
|
|
AMERICAN FUNDS
TARGET DATE RETIREMENT SERIES
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Steven
I. Koszalka
|
Courtney R. Taylor,
Secretary
|
|
Steven I. Koszalka,
Secretary
|
|
|
|
|
|
|
AMERICAN FUNDS
TAX-EXEMPT FUND OF NEW YORK
|
|
THE AMERICAN FUNDS
TAX-EXEMPT SERIES I
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Stephanie
L. Pfromer
|
Courtney R. Taylor,
Secretary
|
|
Stephanie L. Pfromer,
Secretary
|
|
|
|
|
|
|
THE AMERICAN FUNDS
TAX-EXEMPT SERIES II
|
|
AMERICAN HIGH-INCOME
MUNICIPAL BOND FUND
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Courtney
R. Taylor
|
Courtney R. Taylor,
Secretary
|
|
Courtney R. Taylor,
Secretary
|
|
|
|
|
|
|
AMERICAN HIGH-INCOME
TRUST
|
|
AMERICAN MUTUAL
FUND
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Vincent
P. Corti
|
Courtney R. Taylor,
Secretary
|
|
Vincent P. Corti,
Secretary
|
|
|
|
|
|
|
THE BOND FUND
OF AMERICA
|
|
CAPITAL INCOME
BUILDER
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Vincent
P. Corti
|
Courtney R. Taylor,
Secretary
|
|
Vincent P. Corti,
Secretary
|
|
|
|
|
|
|
CAPITAL WORLD
BOND FUND
|
|
CAPITAL WORLD
GROWTH AND INCOME FUND, INC.
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Vincent
P. Corti
|
Courtney R. Taylor,
Secretary
|
|
Vincent P. Corti,
Secretary
|
|
|
|
EUROPACIFIC GROWTH
FUND
|
|
THE GROWTH FUND
OF AMERICA, INC.
|
|
|
|
/s/Vincent
P. Corti
|
|
/s/Patrick
F. Quan
|
Vincent P. Corti,
Secretary
|
|
Patrick F. Quan,
Secretary
|
|
|
|
|
|
|
THE INCOME FUND
OF AMERICA
|
|
INTERMEDIATE BOND
FUND OF AMERICA
|
|
|
|
/s/Patrick
F. Quan
|
|
/s/Courtney
R. Taylor
|
Patrick F. Quan,
Secretary
|
|
Courtney R. Taylor,
Secretary
|
|
|
|
|
|
|
INTERNATIONAL
GROWTH AND INCOME FUND
|
|
THE INVESTMENT
COMPANY OF AMERICA
|
|
|
|
/s/Patrick
F. Quan
|
|
/s/Vincent
P. Corti
|
Patrick F. Quan,
Secretary
|
|
Vincent P. Corti,
Secretary
|
|
|
|
|
|
|
LIMITED TERM TAX-EXEMPT
BOND FUND OF AMERICA
|
|
THE NEW ECONOMY
FUND
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Vincent
P. Corti
|
Courtney R. Taylor,
Secretary
|
|
Vincent P. Corti,
Secretary
|
|
|
|
|
|
|
NEW PERSPECTIVE
FUND, INC.
|
|
NEW WORLD FUND,
INC.
|
|
|
|
/s/Vincent
P. Corti
|
|
/s/Vincent
P. Corti
|
Vincent P. Corti,
Secretary
|
|
Vincent P. Corti,
Secretary
|
|
|
|
|
|
|
SHORT-TERM BOND
FUND OF AMERICA
|
|
SMALLCAP WORLD
FUND, INC.
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Patrick
F. Quan
|
Courtney R. Taylor,
Secretary
|
|
Patrick F. Quan,
Secretary
|
|
|
|
THE TAX-EXEMPT
BOND FUND OF AMERICA
|
|
WASHINGTON MUTUAL INVESTORS
FUND
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Jennifer
L. Butler
|
Courtney R. Taylor,
Secretary
|
|
Jennifer L. Butler,
Secretary
|
|
|
|
|
|
|
AMERICAN FUNDS CORPORATE BOND FUND
|
|
AMERICAN FUNDS
GLOBAL HIGH-INCOME OPPORTUNITIES FUND
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Courtney
R. Taylor
|
Courtney R. Taylor,
Secretary
|
|
Courtney R. Taylor,
Secretary
|
|
|
|
|
|
|
AMERICAN FUNDS
INFLATION LINKED BOND FUND
|
|
|
|
|
|
/s/Courtney
R. Taylor
|
|
|
Courtney R. Taylor,
Secretary
|
|
|
Funds Managed
by Capital International, Inc.
EMERGING
MARKETS GROWTH FUND, INC.
|
|
CGPE
IV, L. P.
|
|
|
|
/s/Laurie
D. Neat
|
|
/s/Peter
C. Kelly
|
Laurie D. Neat,
Secretary
|
|
Peter C. Kelly, Authorized
Signer
Capital International Investments
IV, L. L. C.
|
|
|
|
|
|
|
CGPE V, L. P.
|
|
CGPE VI, L. P.
|
|
|
|
/s/Peter
C. Kelly
|
|
/s/Peter
C. Kelly
|
Peter C. Kelly, Authorized
Signer
Capital International Investments
V, L. L. C.
|
|
Peter C. Kelly, Authorized
Signer
Capital International Investments
VI, L. L. C.
|
Funds Managed
by Capital Guardian Trust Company
CAPITAL
PRIVATE CLIENT SERVICES FUNDS
|
|
CAPITAL
EMERGING MARKETS TOTAL OPPORTUNITIES FUND
|
|
|
|
/s/Courtney
R. Taylor
|
|
/s/Courtney
R. Taylor
|
Courtney R. Taylor,
Secretary
|
|
Courtney R. Taylor,
Secretary
|
Other Insureds
AMERICAN
FUNDS DISTRIBUTORS, INC.
|
|
AMERICAN
FUNDS SERVICE COMPANY
|
|
|
|
/s/Timothy
W. McHale
|
|
/s/Angela
M. Mitchell
|
Timothy W. McHale,
Secretary
|
|
Angela M. Mitchell,
Secretary
|
|
|
|
|
|
|
CAPITAL BANK AND
TRUST COMPANY
|
|
THE CAPITAL GROUP
COMPANIES, INC.
|
|
|
|
/s/David
M. Givner
|
|
/s/James
P. Ryan
|
David M. Givner, Vice President and Secretary
|
|
James P. Ryan, Senior Vice
President
and Secretary
|
CAPITAL
INTERNATIONAL, INC.
|
|
CAPITAL
GUARDIAN TRUST COMPANY
|
|
|
|
/s/Peter
C. Kelly
|
|
/s/Kevin
M. Saks
|
Peter C. Kelly,
Senior Vice President, Senior Counsel and Secretary
|
|
Kevin M. Saks,
Senior Vice President
|
|
|
|
|
|
|
CAPITAL GROUP
COMPANIES GLOBAL
|
|
CAPITAL GROUP RESEARCH, INC.
|
|
|
|
/s/James
P. Ryan
|
|
/s/Jennifer
L. Ryba
|
James P. Ryan, Senior Vice
President and Secretary
|
|
Jennifer L. Ryba,
Secretary
|
|
|
|
|
|
|
CAPITAL MANAGEMENT
SERVICES, INC.
|
|
CAPITAL INTERNATIONAL
RESEARCH, INC.
|
|
|
|
/s/Cheryl
L. Hesse
|
|
/s/Jennifer
L. Ryba
|
Cheryl L. Hesse,
Secretary
|
|
Jennifer L. Ryba,
Secretary
|
|
|
|
|
|
|
CAPITAL RESEARCH
COMPANY
|
|
CAPITAL RESEARCH
AND MANAGEMENT COMPANY
|
|
|
|
/s/Tamara
Brown
|
|
/s/Michael
J. Downer
|
Tamara Brown,
Secretary
|
|
Michael J. Downer,
Senior Vice President and Secretary
|
|
|
|
CAPITAL STRATEGY
RESEARCH, INC.
|
|
REVISED MASTER
RETIREMENT PLAN OF THE CAPITAL GROUP COMPANIES, INC.
|
|
|
|
/s/Ruth
H. Turner
|
|
/s/Wendy
S. Lees
|
Ruth H. Turner,
Secretary
|
|
Wendy S. Lees, Chairperson
of U. S. Retirement Benefits Committee
|
|
|
|
|
|
|
GROUP LIFE, MAJOR
MEDICAL AND DENTAL INSURANCE PLANS AND 401(K) AND SEC. 125 PLANS (THE CAPITAL GROUP COMPANIES)
|
|
|
|
|
|
/s/James
P. Ryan
|
|
|
James P. Ryan, Senior Vice
President and Secretary,
The Capital Group Companies, Inc.
|
|
|