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CAFBX Amcap Fund

Filed: 3 Sep 18, 8:00pm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

 

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

 

 

Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]

Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
[X] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material under Rule14a-12

AMCAP Fund

American Balanced Fund

American Funds College Target Date Series

American Funds Corporate Bond Fund

American Funds Developing World Growth and Income Fund

American Funds Emerging Markets Bond Fund

American Funds Fundamental Investors

American Funds Global Balanced Fund

The American Funds Income Series

American Funds Inflation Linked Bond Fund

American Funds Mortgage Fund

American Funds Portfolio Series

American Funds Retirement Income Portfolio Series

American Funds Short-Term Tax-Exempt Bond Fund

American Funds Strategic Bond Fund

American Funds Target Date Retirement Series

American Funds Tax-Exempt Fund of New York

American Funds Tax-Exempt Series II

American Funds U.S. Government Money Market Fund

American High-Income Municipal Bond Fund

American High-Income Trust

American Mutual Fund

The Bond Fund of America

Capital Income Builder

Capital World Bond Fund

Capital World Growth and Income Fund

EuroPacific Growth Fund

The Growth Fund of America

The Income Fund of America

Intermediate Bond Fund of America

International Growth and Income Fund

The Investment Company of America

Limited Term Tax-Exempt Bond Fund of America

The New Economy Fund

New Perspective Fund

New World Fund, Inc.

Short-Term Bond Fund of America

SMALLCAP World Fund, Inc.

The Tax-Exempt Bond Fund of America

Washington Mutual Investors Fund

 

(Name of Registrant as Specified in Its Charter)

 

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

 

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Table of Contents

Important news about American Funds®

shareholder meetings

Joint proxy statement

 

 


Table of Contents

Important Proxy Material

PLEASE CAST YOUR VOTE NOW

American Funds

333 South Hope Street, 55th Floor

Los Angeles, California 90071

August 31, 2018

Dear Shareholder:

I am writing to let you know that special shareholder meetings for the American Funds will be held on November 28, 2018 at the office of Capital Group, 333 South Hope Street, Los Angeles, California 90071 at 9:00 a.m. Pacific Time. On the following page you will find a listing of the series and the funds that will be holding meetings (each a “Fund” and, collectively, the “Funds”).

At the meetings, shareholders of each Fund will be asked to vote to elect board members of the Fund. Detailed information about the proposal, including, in particular, a description of the proposed slate of board members for each Fund, is contained in the enclosed material and Joint Proxy Statement, which we invite you to review closely.

Importantly, the current board members of each Fund, most of whom are not affiliated with Capital Group, have considered the proposal and have determined that the proposal detailed in the Joint Proxy Statement is in the best interest of the applicable Fund and its shareholders, and unanimously recommend that you vote “FOR” each of the nominees.

Whether or not you plan to attend the meetings in person,we need your vote regardless of how many shares you own. We realize that you lead a busy life and may be tempted to put aside this proxy information for another time. By responding promptly, you will save your Fund(s) the expense of additionalfollow-up mailings and solicitations.Please vote today.

Voting is quick and easy. You may vote your shares by telephone, via the Internet or by simply completing and signing the enclosed proxy card (your ballot), and mailing it in the postage-paid envelope included in this package. If you have questions, please call us toll-free at(800) 421-4225. We will be glad to help you cast your vote quickly. Thank you for participating in this important initiative.

Sincerely,

 

[/s/ Timothy D. Armour ]

Timothy D. Armour

Chairman of the Board and Principal Executive Officer

Capital Research and Management Company,

Investment Adviser to American Funds


Table of Contents

JOINT SPECIAL MEETINGS OF SHAREHOLDERS

OF AMERICAN FUNDS

The following series or funds (each a “Fund,” and, collectively, the “Funds”) will each hold special shareholder meetings on November 28, 2018, at the office of Capital Group, 333 South Hope Street, Los Angeles, California 90071 at 9:00 a.m. Pacific Time:

AMCAP Fund®

American Balanced Fund®

American Funds College Target Date Series®

American Funds Corporate Bond Fund®

American Funds Developing World Growth and Income FundSM

American Funds Emerging Markets Bond Fund®

American Funds Fundamental Investors®

American Funds Global Balanced FundSM

The American Funds Income Series® – U.S. Government Securities Fund®

American Funds Inflation Linked Bond Fund®

American Funds Mortgage Fund®

American Funds Portfolio SeriesSM

American Funds Retirement Income Portfolio SeriesSM

American Funds Short-TermTax-Exempt Bond Fund®

American Funds Strategic Bond FundSM

American Funds Target Date Retirement Series®

American FundsTax-Exempt Fund of New York®

American FundsTax-Exempt Series IISM – TheTax-Exempt Fund of California®

American Funds U.S. Government Money Market FundSM

American High-Income Municipal Bond Fund®

American High-Income Trust®

American Mutual Fund®

The Bond Fund of America®

Capital Income Builder®

Capital World Bond Fund®

Capital World Growth and Income Fund®

EuroPacific Growth Fund®

The Growth Fund of America®

The Income Fund of America®

Intermediate Bond Fund of America®

International Growth and Income FundSM

The Investment Company of America®

Limited TermTax-Exempt Bond Fund of America®

The New Economy Fund®

New Perspective Fund®

New World Fund®, Inc.

Short-Term Bond Fund of America®

SMALLCAP World Fund®, Inc.

TheTax-Exempt Bond Fund of America®

Washington Mutual Investors FundSM

 

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IMPORTANT INFORMATION

TO HELP YOU UNDERSTAND AND VOTE ON THE PROPOSAL

Please read the full text of the Joint Proxy Statement. Below is a brief overview of the proposal to be voted upon. Your vote is important.

Why am I being asked to vote?

You are, or were as of the record date (August 31, 2018), a shareholder of one or more of the Funds. The proposal with respect to each Fund requires the approval of shareholders of such Fund. The Board of Directors or Trustees (the “Board”) of each Fund has approved the proposal to elect Board members for the Fund, as further described below, and recommends that you vote “FOR” each of the nominees.

What am I being asked to vote on?

You are being asked to vote on a proposal (hereinafter, the “Proposal”) to elect Board members of each of the Fund(s) for which you are a shareholder. It has been a number of years since the Funds held special meetings of shareholders to elect Board members, and subsequent changes in the composition of each Fund’s Board now necessitate the election of the nominees. Under the Investment Company Act of 1940 (the “1940 Act”), the Board may fill vacancies by appointment so long as, after the Board fills the vacancy, at least two-thirds of the Board members were elected by shareholders. By electing Board members now, the Funds’ Boards will be able to add new members for a longer period without the expense of conducting additional shareholder meetings. The Joint Proxy Statement contains information relevant to the consideration of nominees for the Boards. Shareholders of each Fund will vote as a separate class to elect members of the Board of the respective Fund. Shareholders of each Fund that offers multiple series of shares with respect to distinct portfolio funds (i.e., American Funds College Target Date Series, American Funds Portfolio Series, American Funds Retirement Income Portfolio Series and American Funds Target Date Series) will vote together as a single class and not by individual portfolio fund.

Have the Funds’ Boards approved the Proposal?

The Board of each Fund has approved the Proposal and recommends that you vote “FOR” each of the nominees.

What are the reasons for and advantages of the Proposal?

The Proposal is intended to give the Funds flexibility to add Board members and to efficiently manage costs for the Funds over the long term.

What if the Proposal is not approved?

If there are not enough votes by shareholders of a Fund to approve the Proposal by the time of the Fund’s shareholder meeting, that Fund’s meeting may be adjourned to permit further solicitation of proxy votes. If a Fund’s shareholders do not ultimately approve the Proposal, its Board and Capital Research and Management Company (“CRMC”), the investment adviser to each Fund, will continue to operate the Fund as they currently do. Note, though, that approval of the Proposal for each Fund (other

 

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than EUPAC) requires the affirmative vote of a plurality of votes cast at the applicable Shareholder Meeting. Given the plurality voting standard and because each nominee is running unopposed, so long as a quorum is present at a Fund’s Shareholder Meeting, it is likely that each nominee will be elected. See the section of this Joint Proxy Statement captioned “Method of tabulation” for more information regarding the plurality voting standard.

Who is Computershare Fund Services?

Computershare Fund Services (“Computershare”) is not affiliated with the Funds or CRMC, and is a company that specializes in assisting financial firms with shareholder meetings. The Funds have hired Computershare to contact shareholders and record proxy votes. As the shareholder meetings approach, shareholders who have not yet voted their shares may receive a phone call from Computershare asking for shareholders’ votes so that the meetings will not need to be adjourned or postponed.

Who will pay the costs associated with obtaining shareholder approval of the Proposal?

The Board of each Fund has determined that the expenses associated with obtaining shareholder approval of the Proposal, including printing and mailing of this Joint Proxy Statement and solicitation of proxies, are appropriate expenses for the Fund to incur. Accordingly, the Funds will bear these costs. We estimate that these costs will average across all Funds less than $1.00 per shareholder account.

How many votes am I entitled to cast?

As a shareholder of a Fund, you are entitled to one vote per share and a proportionate fractional vote for each fractional share you own of the Fund on the record date (August 31, 2018) with respect to that Fund’s shareholder meeting.

How do I vote my shares?

You may vote your shares via the Internet or by telephone, by mail or by attending a shareholder meeting in person. To vote via the Internet (24 hours a day) or by telephone (24 hours a day), please visit the website or call the number on your proxy card(s) and follow the instructions. When voting via the Internet or by telephone you will be required to enter the identifying numbers that appear on your proxy card(s).

You can vote by mail by completing, signing and dating the enclosed proxy card (or cards) and mailing it (or them) in the enclosed postage-paid envelope. Proxy cards that are signed and dated but not completed will be voted “FOR” each of the nominees.

If you need assistance, or have any questions regarding the Proposal or how to vote your shares, please call American Funds at (800)421-4225.

You can help reduce shareholder costs by voting promptly. Your vote is important, regardless of the number of shares you own. Please read the enclosed material and vote your shares.

 

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How do I sign the proxy card?

When voting via the Internet or by telephone you will be required to enter the identifying numbers that appear on your proxy card(s). If voting by mail, please complete, sign and date the proxy card(s). When signing the proxy card(s):

Individual accounts: Shareholders should sign exactly as their names appear on the account registration shown on the proxy card.

Joint accounts: Either owner may sign the proxy card, but the name of the person signing should conform exactly to the name shown in the registration.

All other accounts: The person signing must indicate his or her capacity. For example, a trustee for a trust or other entity should sign “Mary Smith, Trustee.”

 

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NOTICE OF SPECIAL MEETINGS OF SHAREHOLDERS

August 31, 2018

To shareholders:

Notice is given that a special meeting of shareholders of each of AMCAP Fund, American Balanced Fund, American Funds College Target Date Series, American Funds Corporate Bond Fund, American Funds Developing World Growth and Income Fund, American Funds Emerging Markets Bond Fund, American Funds Fundamental Investors, American Funds Global Balanced Fund, The American Funds Income Series, American Funds Inflation Linked Bond Fund, American Funds Mortgage Fund, American Funds Portfolio Series, American Funds Retirement Income Portfolio Series, American Funds Short-TermTax-Exempt Bond Fund, American Funds Strategic Bond Fund, American Funds Target Date Retirement Series, American FundsTax-Exempt Fund of New York, American FundsTax-Exempt Series II, American Funds U.S. Government Money Market Fund, American High-Income Municipal Bond Fund, American High-Income Trust, American Mutual Fund, The Bond Fund of America, Capital Income Builder, Capital World Bond Fund, Capital World Growth and Income Fund, EuroPacific Growth Fund, The Growth Fund of America, The Income Fund of America, Intermediate Bond Fund of America, International Growth and Income Fund, The Investment Company of America, Limited TermTax-Exempt Bond Fund of America, The New Economy Fund, New Perspective Fund, New World Fund, Inc., Short-Term Bond Fund of America, SMALLCAP World Fund, Inc., TheTax-Exempt Bond Fund of America and Washington Mutual Investors Fund (each a “Fund,” and collectively, the “Funds”) will be held on Wednesday, November 28, 2018, at the office of Capital Group, 333 South Hope Street, Los Angeles, California 90071, at 9:00 a.m. Pacific Time (each meeting of shareholders is referred to as a “Shareholder Meeting,” and, collectively, they are referred to as the “Shareholder Meetings”), and at any adjournment or adjournments thereof, for the following purposes:

 

1.

To elect board members of the Fund (the “Proposal”).

 

2.

To consider and act upon any other business as may properly come before the Fund’s Shareholder Meeting and any adjournment or adjournments thereof.

The Board of Directors or Trustees (the “Board”) of each Fund recommends that you vote “FOR” each of the nominees.

The proposed business cannot be conducted for a Fund at its Shareholder Meeting unless the required quorum of shares of the Fund outstanding on August 31, 2018 (the “Record Date”) is present in person or by proxy. Therefore, please cast your vote via the Internet or by telephone or mark, sign, date and return the enclosed proxy card(s) as soon as possible. You may revoke your proxy at any time before its use. Only shareholders of record of a Fund at the close of business on the Record Date are entitled to notice of and to vote at the Fund’s Shareholder Meeting and any adjournment or adjournments thereof.

 

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This notice and the accompanying proxy material are first being sent to shareholders on or about August 31, 2018.

By order of the Boards of the Funds,

 

Jennifer L. Butler  Laurie D. Neat
Secretary,  Secretary,
WMIF  AMCAP, AMF, GBAL and ICA
Steven I. Koszalka  Michael W. Stockton
Secretary,  Secretary,
AFCTD, AFMF, AFPS, AFRIS, AFTD, AHIM, AHIT, BFA, CBF, EMBF, GVT, IBFA, ILBF, LTEX, MMF, SBF, STBF, STEX, TEBF, TEFCA, TEFNY and WBF  AMBAL, CIB, DWGI, EUPAC, FI, GFA, IFA, IGI, NEF, NPF, NWF, SCWF and WGI

You are invited to attend the Shareholder Meetings in person. However, you may vote prior to the Shareholder Meetings via the Internet, by telephone or by returning your completed proxy card(s). Your vote is important no matter how many shares you owned on the Record Date.

Important

You can help your Fund(s) avoid the expense of further proxy solicitation by promptly voting your shares using one of three convenient methods: (a) by accessing the Internet website as described in the enclosed proxy card(s); (b) by calling the toll-free number as described in the enclosed proxy card(s); or (c) by signing, dating and returning the enclosed proxy card(s) in the enclosed postage-paid envelope.

 

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JOINT PROXY STATEMENT

TABLE OF CONTENTS

 

   Page 

Fund Abbreviations

   2 

Part I – The Proposal

    

The Proposal – To Elect Board Members

   3 

Part II

    

Additional Information about the Funds

   8 

Audit Committee

   9 

Further Information About Voting and the Shareholder Meetings

   10 

EXHIBIT

Exhibit A – Form of Nominating and Governance Committee Charter

APPENDICES

Appendix 1 – Director/Trustee and Nominee Information

Appendix 2 – Board and Committee Meetings; Committee Composition

Appendix 3 – Board Member Compensation and Fund Ownership

Appendix 4 – Executive Officers

Appendix 5 – Total Shares Outstanding

Appendix 6 – Principal Beneficial Holders

Appendix 7 – Independent Auditors and Related Fees

Throughout this Joint Proxy Statement, except where the context indicates otherwise, all references to the “Fund” shall apply to each Fund. A list of the Funds and abbreviations used for each Fund in this Joint Proxy Statement is set forth on the next page.

 

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Fund Abbreviations

 

Name of Fund Abbreviation
AMCAP Fund AMCAP
American Balanced Fund AMBAL
American Funds College Target Date Series AFCTD
American Funds Corporate Bond Fund CBF
American Funds Developing World Growth and Income Fund DWGI
American Funds Emerging Markets Bond Fund EMBF
American Funds Fundamental Investors FI
American Funds Global Balanced Fund GBAL
The American Funds Income Series: U.S. Government Securities Fund GVT
American Funds Inflation Linked Bond Fund ILBF
American Funds Mortgage Fund AFMF
American Funds Portfolio Series AFPS
American Funds Retirement Income Portfolio Series AFRIS
American Funds Short-TermTax-Exempt Bond Fund STEX
American Funds Strategic Bond Fund SBF
American Funds Target Date Retirement Series AFTD
American FundsTax-Exempt Fund of New York TEFNY
American FundsTax-Exempt Series II: TheTax-Exempt Fund of California TEFCA
American Funds U.S. Government Money Market Fund MMF
American High-Income Municipal Bond Fund AHIM
American High-Income Trust AHIT
American Mutual Fund AMF
The Bond Fund of America BFA
Capital Income Builder CIB
Capital World Bond Fund WBF
Capital World Growth and Income Fund WGI
EuroPacific Growth Fund EUPAC
The Growth Fund of America GFA
The Income Fund of America IFA
Intermediate Bond Fund of America IBFA
International Growth and Income Fund IGI
The Investment Company of America ICA
Limited TermTax-Exempt Bond Fund of America LTEX
The New Economy Fund NEF
New Perspective Fund NPF
New World Fund, Inc. NWF
Short-Term Bond Fund of America STBF
SMALLCAP World Fund, Inc. SCWF
TheTax-Exempt Bond Fund of America TEBF
Washington Mutual Investors Fund WMIF

With the exception of EUPAC, which is a Massachusetts business trust, and NWF and SCWF, which are Maryland corporations, each of the Funds is a Delaware statutory trust.

 

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PART I — THE PROPOSAL

Shareholders of each Fund will vote separately on the Proposal. The successful passage of the Proposal as to any Fund is not conditioned on the approval of the Proposal by the shareholders of any other Fund.

THE PROPOSAL:TO ELECT BOARD MEMBERS

The purpose of the Proposal is to elect members of the board of directors/trustees (the “Board”) for each of the Funds. You are being asked to vote for the election of directors or trustees for your Fund(s).

It is intended that the enclosed proxy card(s) will be voted for all nominees (the “nominees”) listed below for the applicable Board unless a proxy contains specific instructions to the contrary. If elected by shareholders, each nominee’s term in office will commence on January 1, 2019 and will continue until his or her resignation, death or disability, or until his or her successor is elected and qualified.

Each nominee has consented to serve on the applicable Board if elected by shareholders. If, however, before the election, any nominee refuses or is unable to serve, proxies may be voted for a replacement nominee, if any, designated by the applicable Board.

Pertinent information about each of the nominees, including information relating to the experience, attributes and skills relevant to the nominee’s qualifications to serve on the Board, is set forth inAppendix 1 to this Joint Proxy Statement. Following is the list of nominees and the Fund(s) for which he or she is standing for election.

 

Independent Board Members1  Funds
Gina F. Adams  WMIF
Elisabeth Allison  EUPAC, NPF, NWF
Charles E. Andrews  WMIF
William H. Baribault  AFCTD, AFPS, AFRIS, AFTD, AMBAL, DWGI, IFA, IGI, Fixed Income Funds2
Joseph C. Berenato  CIB, FI, GFA, NEF, SCWF, WGI
Joseph J. Bonner  FI, GFA, SCWF
Louise H. Bryson  AMCAP, AMF, FI, GBAL, GFA, ICA, SCWF
Michael C. Camuñez  AMBAL, DWGI, IFA, IGI
Vanessa C. L. Chang  AMBAL, DWGI, EUPAC, IFA, IGI, NPF, NWF
Mary Anne Dolan  AMCAP, AMF, CIB, FI, GBAL, GFA, ICA, NEF, SCWF, WGI
James G. Ellis  AFCTD, AFPS, AFRIS, AFTD, AMCAP, AMF, GBAL, ICA, Fixed Income Funds2
Nariman Farvardin  AFCTD, AFPS, AFRIS, AFTD, WMIF , Fixed Income Funds2
John G. Freund  CIB, FI, GFA, NEF, SCWF, WGI
Pablo R. González Guajardo  AMCAP, AMF, EUPAC, GBAL, ICA, NPF, NWF

 

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Independent Board Members1  Funds
Yvonne L. Greenstreet  FI, GFA, SCWF
Pedro J. Greer, Jr.  CIB, NEF, WGI
Linda Griego  AMBAL, DWGI, FI, GFA, IFA, IGI, SCWF
Mary Davis Holt  AFCTD, AFPS, AFRIS, AFTD, WMIF, Fixed Income Funds2
R. Clark Hooper  AFCTD, AFPS, AFRIS, AFTD, CIB, NEF, WGI, WMIF, Fixed Income Funds2
Merit E. Janow  AFCTD, AFPS, AFRIS, AFTD, CIB, NEF, WGI, Fixed Income Funds2
Leonade D. Jones  AMBAL, CIB, DWGI, FI, GFA, IFA, IGI, NEF, SCWF, WGI
William D. Jones  AMBAL, AMCAP, AMF, DWGI, GBAL, ICA, IFA, IGI
Martin E. Koehler  EUPAC, NPF, NWF
Earl Lewis, Jr.  CIB, NEF, WGI
John C. Mazziotta  AMCAP, AMF, GBAL, ICA
William R. McLaughlin  AMCAP, AMF, GBAL, ICA
Sharon I. Meers  FI, GFA, SCWF
Pascal Millaire  EUPAC, NPF, NWF
William I. Miller  EUPAC, NPF, NWF
Laurel B. Mitchell  AFCTD, AFPS, AFRIS, AFTD, WMIF, Fixed Income Funds2
Donald L. Nickles  WMIF
Alessandro Ovi  EUPAC, NPF, NWF
James J. Postl  AMBAL, DWGI, IFA, IGI
Josette Sheeran  AMBAL, DWGI, EUPAC, IFA, IGI, NPF, NWF
Kenneth M. Simril  AMCAP, AMF, FI, GBAL, GFA, ICA, SCWF
John Knox Singleton  WMIF
Margaret Spellings  AFCTD, AFPS, AFRIS, AFTD, AMBAL, DWGI, IFA, IGI, WMIF, Fixed Income Funds2
Isaac Stein  AMBAL, DWGI, IFA, IGI
Christopher E. Stone  CIB, FI, GFA, NEF, SCWF, WGI
Lydia Waters Thomas  WMIF
Alexandra Trower  AFCTD, AFPS, AFRIS, AFTD, Fixed Income Funds2
Kathy J. Williams  AMCAP, AMF, GBAL, ICA
Amy Zegart  EUPAC, NPF, NWF
    
Interested Board Members3  Funds
Hilda L. Applbaum  AMBAL, DWGI, IFA, IGI
Alan N. Berro  WMIF
Brady L. Enright  FI, GFA, SCWF
Michael C. Gitlin  AFCTD, AFPS, AFRIS, AFTD, Fixed Income Funds2
Gregory D. Johnson  AMBAL, DWGI, IFA, IGI
Joanna F. Jonsson  EUPAC, NPF, NWF

 

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Interested Board Members3  Funds
Carl M. Kawaja  EUPAC, NPF, NWF
Winnie Kwan  CIB, NEF, WGI
Sung Lee  CIB, NEF, WGI
Anne-Marie Peterson  FI, GFA, SCWF
William L. Robbins  AMCAP, AMF, GBAL, ICA
Eric H. Stern  WMIF
James Terrile  AMCAP, AMF, GBAL, ICA
Bradley J. Vogt  AFCTD, AFPS, AFRIS, AFTD
Karl J. Zeile  Fixed Income Funds2

 

1

The term “independent” Board member refers to a Board member who is not an “interested person” of the Fund within the meaning of the Investment Company Act of 1940 (the “1940 Act”). Each “independent” Board nominee was nominated by the applicable Fund’s current “independent” members.

2 

Fixed Income Funds are AFMF, AHIM, AHIT, BFA, CBF, EMBF, GVT, IBFA, ILBF, LTEX, MMF, SBF, STBF, STEX, TEBF, TEFCA, TEFNY and WBF.

3

Board member affiliated with Capital Research and Management Company (“CRMC”) or its affiliates.

The following current Independent Directors (defined below) are planning to retire from their respective Board(s) at the end of 2018: Leonard R. Fuller (AFCTD, AFPS, AFRIS, AFTD, AMCAP, AMF, Fixed Income Funds, GBAL and ICA) and Frank M. Sanchez (AFCTD, AFPS, AFRIS, AFTD and Fixed Income Funds). These Board members will remain on their respective Board(s) until their retirement (or, if later, until their respective successors are elected and qualified) but will not stand for election at the upcoming Shareholder Meetings. Pertinent information about each of these Board members is included inAppendix 1 to this Joint Proxy Statement.

THE BOARD OF EACH OF THE RESPECTIVE FUNDS RECOMMENDS THAT YOU VOTE “FOR” EACH OF THE NOMINEES FOR YOUR FUND(S).

PROXIES WILL BE VOTED “FOR” THE ELECTION OF THE NOMINEES, UNLESS OTHERWISE SPECIFIED.

Board leadership structure

The chair of each Board is currently an independent director/trustee who is not an “interested person” of his or her applicable Fund within the meaning of the 1940 Act (an “Independent Director”). The Boards have determined that an independent chair facilitates oversight and enhances the effectiveness of the Boards. Each independent chair’s duties include, without limitation, generally presiding at meetings of the respective Board, approving Board meeting schedules and agendas, leading meetings of the Independent Directors in executive session, facilitating communication with committee chairs and serving as the principal Independent Director contact for Fund management and counsel to the Independent Directors and the Fund.

 

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Board role in risk oversight

The operations of each Fund are supervised by its Board, which meets periodically and performs duties required by applicable state and federal laws.Day-to-day management of each Fund, including risk management, is the responsibility of the Fund’s contractual service providers, including the Fund’s investment adviser, principal underwriter/distributor and transfer agent. Each of these entities is responsible for specific portions of the Fund’s operations, including the processes and associated risks relating to the Fund’s investments, integrity of cash movements, financial reporting, operations and compliance. The Boards oversee the service providers’ discharge of their responsibilities, including the processes they use to manage relevant risks. In that regard, the Boards receive reports regarding the operations of a Fund’s service providers, including risks. For example, the Boards receive reports from investment professionals regarding risks related to a Fund’s investments and trading. The Boards also receive compliance reports from the chief compliance officers of the Funds and CRMC addressing certain areas of risk.

As described in greater detail below, each Board has organized three standing committees, each of which is comprised entirely of Independent Directors: an audit committee, a contracts committee and a nominating and governance committee. Those committees, as well as joint committees of Independent Directors of the Funds, also explore risk management procedures in particular areas and report back to the full Board.

Not all risks that may affect the Funds can be identified or processes and controls developed to eliminate or mitigate their effect. Moreover, it is necessary to bear certain risks (such as investment-related risks) to achieve a Fund’s objectives. As a result of the foregoing and other factors, the ability of the Funds’ service providers to eliminate or mitigate risks is subject to limitations.

Board committees and membership

Each Board member serving on a committee was an “Independent Director” during such Fund’s most recent fiscal year. The current membership for each committee is set forth inAppendix 2 to this Joint Proxy Statement. If the nominees are elected, each Board may reconstitute its committees; however, each Board expects that only Independent Directors will continue to comprise the committees.

Each Fund has an audit committee composed of certain Independent Directors. The audit committee provides oversight regarding the Fund’s accounting and financial reporting policies and practices, its internal controls and the internal controls of the Fund’s principal service providers. The audit committee acts as a liaison between the Fund’s independent registered public accounting firm and its full Board.

Each Fund has a contracts committee composed of all of the Board’s Independent Directors. The contracts committee’s principal function is to request, review and consider the information deemed necessary to evaluate the terms of certain agreements between the Fund and its investment adviser or the investment adviser’s affiliates, such as the Investment Advisory and Service Agreement, Principal

 

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Underwriting Agreement, Administrative Services Agreement and Plans of Distribution under Rule12b-1 adopted under the 1940 Act, that the Fund may enter into, renew or continue, and to make recommendations to the Fund’s full Board on these matters.

Each Fund has a nominating and governance committee composed of certain Independent Directors. The nominating and governance committee operates under a written charter, a form of which is set forth inExhibit A to this Joint Proxy Statement. The nominating and governance committee periodically reviews such issues as the Board’s composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full Board. The nominating and governance committee also coordinates annual self-assessments of each Fund’s Board and evaluates, selects and nominates Independent Directors to the full Board. While the nominating and governance committee of each Fund normally is able to identify from its own and other resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the Board. Such suggestions must be made in writing to the nominating and governance committee of the Fund, addressed to the Fund’s secretary, and accompanied by complete biographical and occupational data of the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee (see also the section of this Joint Proxy Statement titled “Shareholder Proposals”).

Board member compensation and Fund ownership

Compensation paid to each Independent Director for the Fund(s) he or she oversees as a Board member, during the most recent fiscal year for each Fund, is set forth inAppendix 3 to this Joint Proxy Statement. The value of Fund shares owned by each Director or nominee in the Fund(s) he or she oversees, or would oversee, as a Board member as of June 30, 2018, is also set forth inAppendix 3 to this Joint Proxy Statement. No compensation is paid by the Fund to any Director who is affiliated with the investment adviser. No pension or retirement benefits are accrued to any nominee as part of Fund expenses.

Other officers

Set forth inAppendix 4 to this Joint Proxy Statement are the executive officers of each Fund as of the date of this Joint Proxy Statement. Each officer listed was appointed and each will hold office until his or her resignation, removal or retirement, or until a successor is duly elected and qualified.

No officer, director or employee of CRMC receives any remuneration from any Fund.

Board correspondence

The Funds do not hold annual meetings of shareholders and, therefore, do not have a policy with regard to Board member attendance at such meetings. If a shareholder wishes to send a communication to any of the Boards, or to a specified Board member, the communication should be submitted in writing to the Secretary of the applicable Fund(s) at 333 South Hope Street, 55th Floor, Los Angeles, California 90071, who will forward such communication to the applicable Board member(s).

 

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PART II

ADDITIONAL INFORMATION ABOUT THE FUNDS

THE INVESTMENT ADVISER. CRMC, an experienced investment management organization founded in 1931, serves as investment adviser to each Fund. CRMC is a wholly owned subsidiary of The Capital Group Companies, Inc. and is located at 333 South Hope Street, Los Angeles, CA 90071. CRMC manages the investment portfolios and business affairs of each Fund pursuant to an Investment Advisory and Service Agreement with the Fund.

THE UNDERWRITER. American Funds Distributors, Inc., a wholly owned subsidiary of CRMC, is the principal underwriter of the Funds’ shares. American Funds Distributors, Inc. is located at 333 South Hope Street, Los Angeles, CA 90071; 6455 Irvine Center Drive, Irvine, CA 92618; 3500 Wiseman Boulevard, San Antonio, TX 78251; and 12811 N. Meridian Street, Indianapolis, IN 46032.

THE TRANSFER AGENT. American Funds Service Company, a wholly owned subsidiary of CRMC, maintains the records of shareholder accounts, processes purchases and redemptions of the Funds’ shares, acts as dividend and capital gain distribution disbursing agent, and performs other related shareholder service functions for each Fund. The principal office of American Funds Service Company is located at 6455 Irvine Center Drive, Irvine, CA 92618. In the case of certain shareholder accounts, third parties who may be unaffiliated with the investment adviser provide transfer agency and shareholder services in place of American Funds Service Company. These services are rendered under agreements with American Funds Service Company, or its affiliates, and the third parties receive compensation in accordance with the terms of such agreements.

THE CUSTODIAN. State Street Bank and Trust Company, One Lincoln Street, Boston, MA 02111, is the custodian for the cash and securities of AFCTD, FI, GFA, NEF and SCWF. Bank of New York Mellon, One Wall Street, New York, NY 10286, is the custodian for the cash and securities of AFMF, AFRIS, CBF, DWGI, EMBF, GBAL, ILBF, and TEFNY. JP Morgan Chase Bank N.A., 270 Park Avenue, New York, NY 10017, is the custodian for the cash and securities of each of the other Funds.

OTHER MATTERS. Each Fund’s last audited financial statements and most recent annual and semi-annual reports are available free of charge. Copies of these documents can be obtained by writing to the secretary of the Fund at 333 South Hope Street, Los Angeles, CA 90071 or by calling American Funds Service Company, toll free, at (800)421-4225.

SHAREHOLDERS SHARING THE SAME ADDRESS. If two or more shareholders share the same address, only one copy of this proxy statement is being delivered to that address, unless the Funds have received contrary instructions from one or more of the shareholders at that shared address. Upon written or oral request, the Funds will deliver promptly a separate copy of this proxy statement to a shareholder at a shared address. Please call American Funds Service Company at (800)421-4225 or write to the secretary of the Fund at 333 South Hope Street, Los Angeles, CA 90071 if you would like to (1) receive a separate copy of this proxy statement; (2) receive your

 

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annual or semi-annual reports or proxy statements separately in the future; or (3) request delivery of a single copy of annual or semi-annual reports or proxy statements if you are currently receiving multiple copies at a shared address.

PRINCIPAL SHAREHOLDERS. The outstanding shares and classes of each Fund as of June 30, 2018 were as set forth inAppendix 5.

Each Fund’s shareholders who are known by the Fund to have been the beneficial owners of more than 5% of any class of the Fund’s shares as of June 30, 2018 are set forth inAppendix 6.

As of June 30, 2018, the officers and directors/trustees of each Fund, as a group, owned of record and beneficially less than 1% of the outstanding voting securities of such Fund.

AUDIT COMMITTEE

AUDIT COMMITTEE AND INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. Each Fund’s Audit Committee acts as the liaison between the full Board and the Fund’s independent registered public accounting firm (“auditors”). The Audit Committee of each Fund is responsible for the appointment, compensation and retention of the Fund’s auditors, including evaluating their independence, recommending the selection of the Fund’s auditors to the full Board, and meeting with such auditors to consider and review matters relating to the Fund’s financial reports and internal accounting. The members of each Fund’s Audit Committee, all of whom are Independent Directors, are indicated inAppendix 2.

SELECTION OF AUDITORS. The Audit Committee and the Board of each Fund have selected either Deloitte & Touche LLP (“D&T”) or PricewaterhouseCoopers LLP (“PwC”), as indicated inAppendix 7, as auditors of such Fund for the current fiscal year. The Funds do not expect representatives of D&T or PwC to be present at the Shareholder Meetings; however, representatives of D&T and/or PWC will have the opportunity to make a statement if they wish and will be available should any matter arise requiring their presence.

AUDIT FEES. The aggregate fees paid to D&T or PwC by each Fund for professional services rendered for the audit of the Fund’s annual financial statements or for services that are normally provided in connection with statutory and regulatory filings or engagements for the Fund’s last two fiscal years are set forth inAppendix 7.

AUDIT-RELATED FEES. The aggregate fees paid to D&T or PwC by each Fund for assurance and other services rendered that are reasonably related to the performance of the audit or review of the Fund’s financial statements for the Fund’s last two fiscal years and not reported under “Audit Fees” above are set forth inAppendix 7.

TAX FEES. The aggregate fees paid to D&T or PwC by each Fund for tax compliance, tax advice or tax planning services (“tax services”) rendered by D&T or PwC to a Fund for that Fund’s last two fiscal years are set forth inAppendix 7. The tax services for which these fees were paid related to the preparation of the Fund’s tax returns.

 

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ALL OTHER FEES. The Funds did not pay any fees for products or services provided by D&T or PwC to the Funds, other than those reported above, for each Fund’s last two fiscal years.

AGGREGATENON-AUDIT FEES. The aggregate fees paid to D&T or PwC by each Fund fornon-audit services provided to such Fund, to CRMC and to any entity controlling, controlled by, or under common control with CRMC that provide ongoing services to the Fund for each Fund’s last two fiscal years are set forth inAppendix 7. The Audit Committee of each Fund has determined that the provision of suchnon-audit services, includingtax-related services, to CRMC and to any entities controlling, controlled by, or under common control with CRMC that provide ongoing services to the Fund is compatible with maintaining D&T’s or PwC’s independence.

AUDIT COMMITTEEPRE-APPROVAL POLICIES AND PROCEDURES. The Audit Committee of each Fund has adoptedpre-approval policies and procedures that require all audit, audit-related, tax and other services provided by D&T or PwC bepre-approved by the Audit Committee. The Audit Committee of each Fund has further delegated the authority to review andpre-approve such fees for services not to exceed an aggregate amount of $5,000 to the Audit Committee Chair, provided the Audit Committee Chair reports such matters to the full Audit Committee at its next meeting.

FURTHER INFORMATION ABOUT VOTING AND THE SHAREHOLDER MEETINGS

SOLICITATION OF PROXIES. Your vote is being solicited by, and on behalf of, the Directors of each Fund. The cost of soliciting proxies, including the fees of a proxy soliciting agent, will be borne by the Funds. The Funds reimburse brokerage firms and others for their expenses in forwarding proxy material to the beneficial owners and soliciting them to execute proxies. The Funds have engaged Computershare Fund Services (“Computershare”), a professional proxy solicitation firm, to solicit proxies from brokers, banks, other institutional holders and individual shareholders. We estimate the total costs associated with obtaining shareholder approval of the Proposal, including printing and mailing of this Joint Proxy Statement and solicitation of shareholders’ votes, will average across all Funds less than $1.00 per shareholder account. The Funds expect that the solicitation will be primarily by mail, but may also include telephone, facsimile, electronic or other means of communication. If your Fund does not receive your proxy by a certain time you may receive a telephone call from Computershare asking you to vote. In any case, Computershare will be: (i) required to maintain the confidentiality of all shareholder information; (ii) prohibited from selling or otherwise disclosing shareholder information to any third party; and (iii) required to comply with applicable state telemarketing laws. The Fund does not reimburse Directors and officers of the Fund or regular employees and agents of CRMC involved in the solicitation of proxies. The Funds intend to pay all costs associated with the solicitation and the Shareholder Meetings. Such costs will be allocated among the Funds.

VOTING BY BROKER-DEALERS. The Funds expect that, before the Shareholder Meetings, broker-dealer firms holding shares of the Funds in “street name” for their

 

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customers will request voting instructions from their customers and beneficial owners. If these instructions are not received by the date specified in the broker-dealer firms’ proxy solicitation material, the Funds understand that broker-dealers may vote on the Proposal on behalf of their customers and beneficial owners. Certain broker-dealers may exercise discretion over shares held in their name for which no instructions are received by voting these shares in the same proportion as they vote shares for which they received instructions.

QUORUM. Holders of a majority of the outstanding shares of EUPAC and holders ofone-third of the outstanding shares of every other Fund, present in person or represented by proxy, constitute a quorum at the applicable Shareholder Meeting for purposes of acting upon the Proposal with respect to that Fund. Proxies returned with respect to shares over which broker-dealers have discretionary voting power, shares that represent “brokernon-votes” (i.e., shares held by brokers or nominees as to which (i) instructions have not been received from the beneficial owners or persons entitled to vote and (ii) the broker or nominee does not have discretionary voting power on a particular matter), and shares whose proxy instructions reflect an abstention will all be counted as shares present and entitled to vote for purposes of determining whether the required quorum of shares exists.

METHOD OF TABULATION. Except for EUPAC, approval of the Proposal as to each Fund requires the affirmative vote of a plurality of the votes cast in person or by proxy at the applicable Shareholder Meeting. It is expected that, as to each of these Funds, the Proposal will be approved and each nominee to the respective Board will be elected. Under a plurality voting standard, the nominee receiving the greatest number of affirmative votes will be elected for the board seat for which he or she has been nominated, regardless of whether the nominee receives a majority of the votes cast. In other words, a majority of a Fund’s shareholders could withhold approval of a nominee’s election, but, so long as a quorum is present, the nominee could be elected with a single “FOR” vote so long as no other person receives any “FOR” votes. Because a single nominee has been nominated for each available Board seat and because each nominee is running unopposed, provided a quorum is present, each nominee for each Fund (other than EUPAC) is expected to be elected.

For EUPAC, approval of the Proposal requires the affirmative vote of a majority of the votes cast in person or by proxy at the Shareholder Meeting of the Fund.

Abstentions and brokernon-votes will be treated as votes present at the Shareholder Meetings, but will not be treated as votes cast. Abstentions and brokernon-votes, therefore, will have no effect on the Proposal. Proxy cards that are signed and dated, but not completed, will be voted “FOR” each of the nominees for the applicable Fund(s).

ADJOURNMENT. With respect to any Fund, whether or not a quorum is present, the Shareholder Meeting may be adjourned by a majority of the votes properly cast upon the question of adjourning the Shareholder Meeting to another date and time. For each Fund (other than EUPAC, NWF and SCWF), the Shareholder Meeting may also be adjourned to another date and time by, or upon the authority of, the Chairman of the Board or the Directors of the Fund. For EUPAC, NWF and SCWF, the

 

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Shareholder Meeting may also be adjourned to another date, time or place by the Chairman of the meeting. Such authority to adjourn the Shareholder Meeting may be exercised if a quorum is not present at the Shareholder Meeting, or, if a quorum is present but sufficient votes have not been received to approve the Proposal or for any other reason consistent with applicable laws and the Fund’s charter, bylaws or other governing documents, including to allow for the further solicitation of proxies. Any adjournment may be made with respect to any business which might have been transacted at such Shareholder Meeting, and any adjournment will not delay or otherwise affect the effectiveness and validity of any business transacted at the Shareholder Meeting prior to adjournment. Unless otherwise instructed by a shareholder granting a proxy, the persons designated as proxies may use their discretionary authority to vote as instructed by management of the Fund on questions of adjournment and on any other proposals raised at the Shareholder Meeting to the extent permitted by federal proxy rules, including proposals for which management of the Fund did not have timely notice.

SHAREHOLDER PROPOSALS. The Funds are not required and do not intend to hold regular annual meetings of shareholders. A shareholder who wishes to submit a proposal for consideration for inclusion in a Fund’s proxy statement for its next meeting of shareholders should send a written proposal to the Fund’s office at 333 South Hope Street, Los Angeles, CA 90071, Attention: Secretary, so that it is received within a reasonable time in advance of such meeting in order to be included in the Fund’s proxy statement and proxy card relating to that meeting and presented at the meeting. A shareholder proposal may be presented at a meeting of shareholders only if such proposal concerns a matter that may be properly brought before the meeting under applicable federal proxy rules, state law and other governing instruments. Submission of a proposal by a shareholder does not guarantee that the proposal will be included in a Fund’s proxy statement or presented at the meeting.

REVOKING YOUR PROXY. Your latest vote is the one that counts. Therefore, you can revoke a prior proxy simply by voting again — via the Internet, with your proxy card, or by toll-free telephone call. You can also revoke a prior proxy by writing to the Fund’s secretary at 333 South Hope Street, Los Angeles, CA 90071 or by voting in person at the Shareholder Meeting. You may revoke your proxy at any time up until voting results are announced at the Shareholder Meeting.

OTHER BUSINESS. No business other than the matter described above is expected to come before the Shareholder Meetings, but should any other matter requiring a vote of any Fund’s shareholders arise, including any questions as to an adjournment or postponement of a Shareholder Meeting, the persons designated as proxies named on the enclosed proxy card will vote on such matters in accordance with the views of management.

 

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By Order of the Board,

 

Jennifer L. Butler

 

Secretary, WMIF

 

Steven I. Koszalka

 Secretary, AFCTD, AFMF, AFPS, AFRIS, AFTD, AHIM, AHIT, BFA, CBF, EMBF, GVT, IBFA, ILBF, LTEX, MMF, SBF, STBF, STEX, TEBF, TEFCA, TEFNY and WBF
 

Laurie D. Neat

 Secretary, AMCAP, AMF, GBAL and ICA
 

Michael W. Stockton

 Secretary, AMBAL, CIB, DWGI, EUPAC, FI, GFA, IFA, IGI, NEF, NPF, NWF, SCWF and WGI

August 31, 2018

 

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EXHIBITS AND APPENDICES

EXHIBIT

 

Exhibit A – Form of Nominating and Governance Committee Charter

   A-1 

APPENDICES

 

Appendix 1 – Director/Trustee and Nominee Information

   1-1 

Appendix 2 – Board and Committee Meetings; Committee Composition

   2-1 

Appendix 3 – Board Member Compensation and Fund Ownership

   3-1 

Appendix 4 – Executive Officers

   4-1 

Appendix 5 – Total Shares Outstanding

   5-1 

Appendix 6 – Principal Beneficial Holders

   6-1 

Appendix 7 – Independent Auditors and Related Fees

   7-1 

 

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EXHIBIT A

FORM OF

NOMINATING AND GOVERNANCE COMMITTEE CHARTER

 

 I.

COMMITTEE ORGANIZATION

The Nominating and Governance Committee (the “Committee”), a committee established by the Board of Directors/Trustees (the “Board”) of the Fund/Trust, will be comprised solely of members of the Board who are not considered “interested persons” of the Fund/Trust under the Investment Company Act of 1940 (the “Act”), and who are otherwise independent. To be considered independent a member may not, other than in his or her capacity as a member of the Board, the Committee or any other committee of the Board, accept any consulting, advisory or other compensatory fee from the Fund/Trust, or be a former officer or director of Capital Research and Management Company (“CRMC”) or any of its affiliates.

The Board will appoint the members of the Committee. If the Board has not designated a Chair of the Committee, the Committee members may designate a Chair by majority vote of all members. The Committee will be composed of at least three independent board members. The Fund’s/Trust’s Secretary will serve as Secretary of the Committee.

The Committee will meet with the frequency, and at the times, determined by the Committee Chair or a majority of Committee members. Under normal circumstances, the Committee is expected to meet at least annually. The Chair will cause notice of each meeting, together with the agenda and any related material, to be sent to each member, normally at least one week before the meeting. The Chair will cause minutes of each Committee meeting to be prepared and distributed to Committee members promptly. The Committee may ask independent legal counsel, representatives of CRMC or others to attend Committee meetings and provide pertinent information as necessary or desirable. The Committee may also meet in executive session.

 

 II.

DUTIES AND RESPONSIBILITIES

The Committee will:

 

 (a)

Evaluate the size and composition of the Board, and formulate policies and objectives concerning the desired mix of independent board member skills and characteristics. In doing so, the Committee will take into account all factors it considers relevant, including experience, demonstrated capabilities, independence, commitment, reputation, background, understanding of the investment business and understanding of business and financial matters generally. Where feasible and appropriate, the Committee will seek to enhance the diversity of Board membership. The Committee will also consider Board member succession issues.

 

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 (b)

Identify and screen independent board member candidates for appointment to the Board, and submit final recommendations to the full Board for approval.1 The Committee will, in identifying and screening candidates, consider any policies and objectives it has previously formulated concerning independent board member skills and characteristics.

 

 (c)

Review independent board member compensation at least every two years, and expense-reimbursement policies as appropriate. The Committee will make recommendations on these matters to the full Board.2

 

 (d)

Review material, including information drawn from independent board member questionnaires, relating to positions, transactions and relationships that could reasonably bear on the independence of board members or raise concerns regarding potential conflicts of interest.

 

 (e)

Make recommendations to the full Board concerning the appointment of the Chairman and Vice Chairman of the Board.

 

 (f)

Make recommendations to the full Board concerning the appointment of independent board members to the Board’s committees. The Committee may make recommendations to the full Board concerning the appointment of the Chair of each Board committee and periodic changes in those appointments and designations.3

 

 (g)

Periodically consider the responsibilities of Board committees, the continuing need for each committee, the possible need for additional committees, and the desirability of combining or reorganizing committees, and make recommendations to the full Board with respect to such matters.

 

 (h)

Participate in discussions regarding the annual assessment of the Board’s performance and review, discuss and make recommendations to the Board relating to those issues arising from such assessment.

 

 (i)

Consider governance-related matters and recommend to the Board any actions related to such matters as the Committee may deem necessary or advisable from time to time.

 

1 

Committee members are encouraged to be alert to potential candidates on an ongoing basis, so that a pool of prospects is available for consideration when needs arise. As part of the identification and screening process, the Committee may consider candidates CRMC suggests, and may involve CRMC representatives in screening candidates. However, the decision to approve candidates for submission to the Board will be made exclusively by the Committee.

 

2 

Board member compensation recommendations may take into account the size of the Fund, the demands placed on the independent board members, the practices of other mutual fund groups, the need to attract and retain qualified independent board members, any relevant regulatory or judicial developments, and other considerations deemed appropriate by the Committee.

 

3 

Recommendations in this area will be made after consideration of all relevant factors, including the desires and capacities of individual board members, and their roles on the boards and board committees of other funds managed by CRMC. Formal term limits for committee members or Chairs are not necessary, but the Committee will periodically consider their terms of service and the possible desirability of changes.

 

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 III.

AUTHORITY AND RESOURCES

The Committee will have the resources and authority appropriate to discharge its responsibilities, including, among other things, the authority to retain a search firm to assist the Committee in identifying, screening and attracting independent board members.

Independent legal counsel to the independent board members will serve as independent legal counsel to the Committee.

 

 IV.

POLICIES AND PROCEDURES

The Committee’s policies and procedures may change from time to time to reflect new or evolving business conditions or nominating committee practices. In meeting its responsibilities, the Committee is expected to:

 

 (a)

Provide oversight regarding the orientation of new independent board members.4 The Committee Chair will designate an experienced independent board member to assist, and be available to, each new independent board member during his or her first year of service on the Board.

 

 (b)

Consider, at such times as the Committee may deem appropriate, whether the composition of the Board and of its committees reflect an appropriate blend of skills, backgrounds and experience, in relation to the goal of maximizing their effectiveness. The Committee may also consider the effectiveness of meetings, including their frequency, scheduling and duration, adequacy and focus of agendas, and material and presentations, and, as appropriate, Board member attendance.

 

 (c)

Periodically review and reassess the adequacy of this Charter, and recommend to the full Board any changes deemed advisable.

 

4 

It is expected that orientation material will be provided to each new board member and one or more orientation sessions arranged. These sessions should be geared towards providing a working knowledge of the duties and obligations of mutual fund board members and their role in overseeing mutual fund investments and operations. Orientation sessions may be facilitated by or include members of the Committee, representatives of CRMC and/or independent legal counsel, as appropriate. New independent board members are encouraged to participate in other educational opportunities, including those provided by the Investment Company Institute.

 

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APPENDIX 1

Director/Trustee and Nominee Information

Each Fund’s nominating and governance committee and Board select nominees with a view toward constituting a Board that, as a body, possesses the qualifications, skills, attributes and experience to appropriately oversee the actions of the Fund’s service providers, decide upon matters of general policy and represent the long-term interests of Fund shareholders. In doing so, they consider the qualifications, skills, attributes and experience of the current Board members, with a view toward maintaining a Board that is diverse in viewpoint, experience, education and skills.

Each Fund seeks nominees who have high ethical standards and the highest levels of integrity and commitment, who have inquiring and independent minds, mature judgment, good communication skills, and other complementary personal qualifications and skills that enable them to function effectively in the context of the Fund’s board and committee structure and who have the ability and willingness to dedicate sufficient time to effectively fulfill their duties and responsibilities.

Each nominee has a significant record of accomplishments in governance, business,not-for-profit organizations, government service, academia, law, accounting or other professions. Although no single list could identify all experience upon which the Fund’s Independent Directors draw in connection with their service, the following table summarizes key experience for each nominee. These references to the qualifications, attributes and skills of the nominees are pursuant to federal proxy disclosure requirements, and shall not be deemed to impose any greater responsibility or liability on any nominee, director/trustee or the Board as a whole. Notwithstanding the accomplishments listed below, none of the nominees is considered an “expert” within the meaning of the federal securities laws with respect to information in this Joint Proxy Statement.

 

Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund  complex
overseen3
  

Other directorships4

held during past five
years

Independent

Director/Trustee1

               

Gina F. Adams

1958

  Nominee: WMIF  Senior Vice President, Government Affairs, FedEx Corporation (transportation/logistics company)  1  None

 

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Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund  complex
overseen3
  

Other directorships4

held during past five
years

Elisabeth Allison

1946

  

Director: NWF (1999)

Trustee: EUPAC (1991);
NPF (1991)

  Trustee,Co-Director, The Stanton Foundation  3  None

Charles E. Andrews

1952

  Trustee: WMIF (2013)  Board Member and Advisor, MorganFranklin Consulting (business consulting and technology solutions); Consultant and corporate director; former CEO, MorganFranklin Consulting  1  

Marriott Vacations Worldwide Corporation; NVR, Inc.

Former director of

WashingtonFirst Bankshares, Inc. (until 2017)

William H. Baribault

1945

  Trustee: AFTD (2009); AFMF, AHIM, AHIT, BFA, GVT, IBFA, LTEX, MMF, STBF, STEX, TEBF, TEFCA, TEFNY, WBF (2010); AFCTD, AFPS, AMBAL, CBF, IFA, IGI, ILBF (2012); DWGI (2013); AFRIS, EMBF, SBF (2015)  CEO and President, Richard Nixon Foundation; Chairman of the Board and CEO, Oakwood Enterprises (private investment and consulting)  81  General Finance Corporation

Joseph C. Berenato

1946

  

Chairman of the Board: NEF (2000); CIB, WGI (2005);

Director: SCWF (2000)

Trustee: FI, GFA (2003)

  Former Chairman and CEO, Ducommun Incorporated (aerospace components manufacturer)  16  Former director of Ducommun Incorporated (until 2017)

 

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Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund complex
overseen3
 

Other directorships4

held during past five
years

Joseph J. Bonner

1955

  Nominee: FI, GFA, SCWF  President and CEO, Solana Beach Capital LLC (real estate advisory); Board Member, USAA Real Estate (real estate investment management); Advisory Board Member, Everwest Real Estate Partners (real estate investment management); Global Head of Real Estate, Board Member, The Interlink Group (private merchant bank); Chief Investment Officer, Mubadala Pramerica Real Estate Investors (real estate investment management) 3 None

Louise H. Bryson

1944

  

Trustee: ICA (1999), FI, GFA (2008); AMCAP, AMF,
GBAL (2010);

Director: SCWF (2010)

  Chair Emerita of the Board of Trustees, J. Paul Getty Trust; former President, Distribution, Lifetime Entertainment Network (retired 2008); former Executive Vice President and General Manager, Lifetime Movie Network (retired 2008) 7 None

 

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Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

 Principal occupation(s)
during past five years
 Number of
portfolios in
Fund complex
overseen3
 

Other directorships4

held during past five
years

Michael C. Camuñez

1969

  Nominee: AMBAL, DWGI, IFA, IGI 

President and CEO, Monarch Global Strategies LLC, previously ManattJones Global Strategies (international consulting); Former Assistant Secretary of Commerce, U.S. Department of Commerce

 4 Edison International/
Southern California Edison

Vanessa C. L. Chang

1952

  

Trustee: NPF (2000); EUPAC (2005); AMBAL, IFA, IGI (2012); DWGI (2013)

Director: NWF (2005)

 Former Director, EL & EL Investments (real estate) 17 Edison International; Sykes Enterprises; Transocean Ltd.

Mary Anne Dolan

1947

  

Chairman of the Board: SCWF (2008); FI, GFA (2010);

Trustee: AMF (1993); AMCAP (1998); ICA (2000); NEF (2008); CIB, GBAL, WGI (2010)

 Founder and President, MAD Ink (communications company); formerEditor-in-Chief, The Los Angeles Herald Examiner (retired 1989) 10 None

James G. Ellis

1947

  Trustee: AHIM, AHIT, BFA, GVT, IBFA, LTEX, STBF, TEBF, TEFCA, WBF (2006); ICA (2008); MMF, STEX (2009); AFMF, AFTD, AMCAP, AMF, GBAL, TEFNY (2010); AFCTD, AFPS, CBF, ILBF (2012); AFRIS, EMBF, SBF (2015) Dean and Professor of Marketing, Marshall School of Business, University of Southern California 91 

Mercury General Corporation

Former director of Quiksilver, Inc. (until 2014)

 

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Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund complex
overseen3
 

Other directorships4

held during past five
years

Nariman Farvardin

1956

  Trustee: WMIF (2007); AFCTD, AFMF, AFPS, AFRIS, AFTD, AHIM, AHIT, BFA, CBF, EMBF, GVT, IBFA, ILBF, LTEX, MMF, SBF, STBF, STEX, TEBF, TEFCA, TEFNY, WBF (2018)  President, Stevens Institute of Technology 78 Former director of JPMorgan Value Opportunities Fund, Inc. (until 2014)

John G. Freund, MD

1953

  

Director: SCWF (2000)

Trustee: FI, GFA (2010); CIB, WGI, NEF (2016)

  Founder and Managing Director, Skyline Ventures (a venture capital investor in health care companies) 6 

Collegium Pharmaceutical, Inc.; Proteon Therapeutics, Inc.; Tetraphase Pharmaceuticals, Inc.

Former director of MAKO Surgical Corporation (until 2013); Concert Pharmaceuticals, Inc. (until 2015); XenoPort, Inc. (until 2016)

Leonard R. Fuller5

1946

  Trustee: AHIM, AHIT, BFA, GVT, IBFA, LTEX, TEBF, TEFCA, WBF (1994); STEX (1995); ICA (2002); STBF (2006); AFTD (2007); MMF (2009); AFMF, AMCAP, AMF, GBAL, TEFNY (2010); AFCTD, AFPS, CBF, ILBF (2012); AFRIS, EMBF, SBF (2015)  Private investor; former President and CEO, Fuller Consulting (financial management consulting) None None

 

1-5


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund complex
overseen3
 

Other directorships4

held during past five
years

Pablo R. González Guajardo

1967

  

Director: NWF (2014)

Trustee: EUPAC, NPF (2014); AMCAP, AMF, ICA, GBAL (2015)

  CEO, Kimberly-Clark de México, S.A.B. de C.V. 17 América Móvil, S.A.B. de C.V.; Grupo Lala, S.A.B. de C.V.; Grupo Sanborns, S.A.B. de C.V.; Kimberly-Clark de México, S.A.B. de C.V.

Yvonne L. Greenstreet

1962

  Nominee: FI, GFA, SCWF  Chief Operating Officer, Alnylam Pharmaceuticals; Founder and Managing Director, Highgate LLC (consulting); Senior Vice President, Pfizer 3 Pacira, Inc. (pharmaceuticals); Indivior PLC (pharmaceuticals); Moelis & Company (investment banking); Advanced Accelerator Applications (pharmaceuticals)

Pedro J. Greer Jr.

1956

  Trustee: CIB, NEF, WGI (2016)  Physician; Chairman/Associate Dean, Florida International University 3 None

Linda Griego

1947

  

Trustee: AMBAL, IFA, IGI (2012); DWGI (2013); FI, GFA (2015);

Director: SCWF (2015)

  President and CEO, Griego Enterprises, Inc. (business management company) 7 AECOM; CBS Corporation

 

1-6


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund complex
overseen3
 

Other directorships4

held during past five
years

Mary Davis Holt

1950

  Trustee: WMIF (2010); AFCTD, AFMF, AFPS, AFRIS, AFTD, AHIM, AHIT, BFA, CBF, EMBF, GVT, IBFA, ILBF, LTEX, MMF, SBF, STBF, STEX, TEBF, TEFCA, TEFNY, WBF (2015-2016; 2017)  Principal, Mary Davis Holt Enterprises, LLC (leadership development consulting); former Partner, Flynn Heath Holt Leadership, LLC (leadership consulting); former COO, Time Life Inc. (1993 – 2003) 78 None

R. Clark Hooper

1946

  

Chairman of the Board: AHIM, AHIT, BFA, GVT,

IBFA, LTEX, STEX, TEBF,

TEFCA, WBF (2005); STBF (2006); MMF (2009); AFMF, AFTD, TEFNY (2010); AFCTD, AFPS, CBF, ILBF (2012); AFRIS, EMBF, SBF (2015)

Trustee: WMIF (2003); NEF (2006); CIB, WGI (2010)

  Private investor 81 Former director of JPMorgan Value Opportunities Fund, Inc. (until 2014); The Swiss Helvetia Fund, Inc. (until 2016)

Merit E. Janow

1958

  

Trustee: CIB, WGI (2001);

AFTD (2007); AFMF, AHIM, AHIT, BFA, GVT, IBFA, LTEX, MMF, NEF, STBF, STEX, TEBF,

TEFCA, TEFNY, WBF (2010); AFCTD, AFPS,

CBF, ILBF (2012); AFRIS,

EMBF, SBF (2015)

  Dean and Professor, Columbia University, School of International and Public Affairs 80 

MasterCard Incorporated; Trimble Inc.

Former director of The NASDAQ Stock Market LLC (until 2016)

 

1-7


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund complex
overseen3
 

Other directorships4

held during past five
years

Leonade D. Jones

1947

  

Trustee: AMBAL, GFA, IFA (1993); NEF (1995); FI (1998); IGI (2008); CIB, WGI (2010); DWGI (2013);

Director: SCWF (1995)

  Retired; former Treasurer, The Washington Post Company (retired 1996) 10 None

William D. Jones

1955

  

Chairman of the Board:

AMCAP, AMF (2006); GBAL, ICA (2010)

Trustee: AMBAL, IFA, IGI (2008); DWGI (2013)

  Real estate developer/owner, President and CEO, CityLink Investment Corporation (acquires, develops and manages real estate ventures in urban communities) and City Scene Management Company (provides commercial asset management services) 18 Sempra Energy

Martin E. Koehler

1957

  

Trustee: EUPAC, NPF (2015)

Director: NWF (2015)

  Independent management consultant; former Managing Director and Senior Advisor, The Boston Consulting Group 3 Deutsche Lufthansa AG

Earl Lewis, Jr.

1955

  Trustee: CIB, NEF, WGI (2017)  Former President, The Andrew W. Mellon Foundation 3 2U, Inc.

 

1-8


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund complex
overseen3
 

Other directorships4

held during past five
years

John C. Mazziotta, MD, PhD

1949

  Trustee: AMCAP, AMF, GBAL, ICA (2011)  Physician; Professor of Neurology, University of California at Los Angeles; Vice Chancellor, UCLA Health Sciences; CEO, UCLA Health System; former Dean, David Geffen School of Medicine at UCLA; former Chair, Department of Neurology, UCLA; former Associate Director, Semel Institute, UCLA; former Director, Brain Mapping Center, UCLA 4 None

William R. McLaughlin

1956

  Trustee: AMCAP, AMF, GBAL, ICA (2015)  President and CEO, The Orvis Company (outdoor equipment retailer) 4 None

Sharon I. Meers

1965

  

Trustee: FI, GFA (2017)

Director: SCWF (2017)

  Former Senior Director, Head of Strategic Partnerships, eBay Enterprise 3 None

Pascal Millaire

1983

  Nominee: EUPAC, NPF, NWF  CEO, CyberCube Analytics, Inc. (cyber risk software for insurers); Vice President and General Manager, Symantec Corporation (cybersecurity company); Fingi Inc (enterprise software) 3 None

 

1-9


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund complex
overseen3
 

Other directorships4

held during past five
years

William I. Miller

1956

  Trustee: EUPAC, NPF (1992); Director: NWF (1999)  President, The Wallace Foundation 3 Cummins, Inc.

Laurel B. Mitchell, PhD

1955

  

Nominee: WMIF

Trustee: BFA, MMF, STBF,

STEX, TEFCA (2009); AFMF, AFTD, AHIM, AHIT, GVT, IBFA, LTEX, TEBF, TEFNY, WBF (2010); AFCTD, AFPS, CBF, ILBF (2012); AFRIS, EMBF, SBF (2015)

  Chair, California Jump$tart Coalition for Personal Financial Literacy;part-time faculty, Pomona College; Professor Emerita, University of Redlands; former Distinguished Professor of Accounting, University of Redlands; former Director, Accounting Program, University of Redlands 78 None

Donald L. Nickles

1948

  Trustee: WMIF (2007)  

Chairman and CEO, The Nickles Group (consulting

and business venture); former United States Senator (Oklahoma) (1981 – 2005)

 1 Valero Energy Corporation

Alessandro Ovi

1944

  

Director: NWF (2001);

Trustee: EUPAC (2002); NPF (2005)

  Publisher and Editor, Technology Review; President, TechRev.srl 3 

Landi Renzo SpA;

ST Microelectronics SNV

Former director of Guala Closures SpA (until 2015)

 

1-10


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund complex
overseen3
 

Other directorships4

held during past five
years

James J. Postl

1946

  Trustee: AMBAL (2007); IFA, IGI (2008); DWGI (2013)  Retired; former President and CEO,Pennzoil-Quaker State Company (automotive products and services) (retired 2002) 4 Former director of Pulte, Inc. (until 2017)

Frank M. Sanchez6

1943

  Trustee: AHIM, AHIT, BFA, GVT, IBFA, LTEX, STEX, TEBF, TEFCA, WBF (1999); STBF (2006); MMF (2009); AFMF, AFTD, TEFNY (2010); AFCTD, AFPS, CBF, ILBF (2012); AFRIS, EMBF, SBF (2015)  Principal, The Sanchez Family Corporation dba McDonald’s Restaurants (McDonald’s licensee) None None

Josette Sheeran

1954

  

Nominee: AMBAL, DWGI, IFA, IGI

Trustee: EUPAC, NPF (2015);

Director: NWF (2015)

  President and CEO, Asia Society; United Nations Special Envoy for Haiti; former Vice Chair, World Economic Forum 7 None

Kenneth M. Simril

1965

  

Nominee: AMCAP, AMF, GBAL, ICA

Trustee: FI, GFA (2016);

Director: SCWF (2016)

  President and CEO, SCI Ingredients Holdings, Inc. (food manufacturing) 7 None

John Knox Singleton

1948

  Chairman of the Board: WMIF (2001)  Former President and CEO, INOVA Health System 1 

Healthcare Realty Trust, Inc.

Former director of JPMorgan Value Opportunities Fund, Inc. (until 2014)

 

1-11


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund complex
overseen3
 

Other directorships4

held during past five
years

Margaret Spellings

1957

  Trustee: MMF, STBF, STEX (2009); AFMF, AFTD, AHIM, AHIT, BFA, GVT, IBFA, LTEX, TEBF, TEFCA, TEFNY, WBF (2010); AFCTD, AFPS, AMBAL, CBF, IFA, IGI, ILBF (2012); DWGI (2013); AFRIS, EMBF, SBF, WMIF (2015)  President, The University of North Carolina; former President, George W. Bush Foundation; former President and CEO, Margaret Spellings & Company (public policy and strategic consulting); former President, U.S. Chamber Foundation and Senior Advisor to the President and CEO, U.S. Chamber of Commerce 82 Former director of Apollo Education Group, Inc. (until 2013); ClubCorp Holdings, Inc. (until 2017)

Isaac Stein

1946

  Chairman of the Board: AMBAL, IFA (2004); IGI (2008); DWGI (2013)  Private investor; former President, Waverley Associates (private investment fund); Chairman Emeritus of the Board of Trustees, Stanford University 4 Former director of Maxygen, Inc. (until 2013); Alexza Pharmaceuticals, Inc. (until 2016)

Christopher E. Stone

1956

  

Director: SCWF (2007)

Trustee: NEF (2007); CIB, WGI (2009); FI, GFA (2010)

  Former President, Open Society Foundations 6 None

Lydia Waters Thomas, PhD

1944

  Trustee: WMIF (2010)  Corporate director 1 

Mueller Water Products, Inc.

Former director of Cabot Corporation (until 2017)

 

1-12


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first elected2)

  Principal occupation(s)
during past five years
 Number of
portfolios in
Fund complex
overseen3
 

Other directorships4

held during past five
years

Alexandra Trower

1964

  

Nominee: AHIT, BFA, LTEX, MMF, STBF, STEX, TEBF, TEFCA, WBF

Trustee: AFCTD, AFMF, AFPS, AFRIS, AFTD, AHIM, CBF, EMBF, GVT, IBFA, ILBF, SBF, TEFNY (2018)

  Executive Vice President, Global Communications and Corporate Officer, The Estée Lauder Companies 77 None

Kathy J. Williams

1955

  Nominee: AMCAP, AMF, GBAL, ICA  Commissioner, Marin County Human Rights Commission; Commissioner, Juvenile Justice Delinquency Prevention Commission; Board Member, Aspen Pubic Radio 4 None

Amy Zegart

1967

  Nominee: EUPAC, NPF, NWF  Senior Fellow, Hoover Institution, Stanford University; Senior Fellow, Freeman Spogli Institute, Stanford University; Director Kratos Defense & Security Solutions 3 Kratos Defense & Security Solutions

 

1-13


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first appointed2)

  Principal occupation(s)
during past five years and
positions held with
affiliates of the Fund
 Number of
portfolios in
Fund complex
overseen3
 Other  directorships4
held during past five
years

Interested

Director/Trustee7

              

Hilda L. Applbaum

1961

  

Nominee: AMBAL, DWGI, IGI

President and Trustee: IFA (1998)

President: AMBAL (1999)

  Partner – Capital World Investors (CWI), CRMC 4 None

Timothy D. Armour8

1960

  President and Trustee: NEF (1991)  Chairman of the Board, CRMC; Partner – CWI, CRMC; Chairman of the Board and CEO, The Capital Group Companies, Inc.9 (CGC) None None

Alan N. Berro

1960

  President and Trustee: WMIF (2012)  Partner – CWI, CRMC; Director, CRMC 1 None

Mark E. Denning8

1957

  President and Trustee: WGI (1993)  Partner – CWI, Capital Research Company9 (CRC); Partner – CWI, Capital International, Inc.9 (CIInc.); Director, CRMC None None

Brady L. Enright

1967

  

Nominee: GFA, SCWF

President and Trustee: FI (2015)

Senior Vice President: SCWF (2004)

  Partner – CWI, CRMC; Director, CGC9 3 None

 

1-14


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first appointed2)

 Principal occupation(s)
during past five years and
positions held with
affiliates of the Fund
 Number of
portfolios in
Fund complex
overseen3
 Other  directorships4
held during past five
years

Michael C. Gitlin

1970

  

Nominee: AFCTD, AFPS, AFRIS, AFTD

Trustee: AFMF, AHIM, AHIT, BFA, CBF, EMBF, GVT, IBFA, ILBF, LTEX, MMF, SBF, STBF, STEX, TEBF, TEFCA, TEFNY, WBF (2015)

 Partner – Capital Fixed Income Investors (CFII), CRMC; Director, CGC9; served as Head of Fixed Income at a large investment management firm prior to joining CRMC in 2015 77 None

Joyce E. Gordon8

1956

  President and Trustee: AMF (1996-2001, 2005); Senior Vice President and Trustee: CIB (1996) Partner – Capital Research Global Investors (CRGI), CRMC; Director, CRMC None None

Nicholas J. Grace8

1966

  President and Director: NWF (2008) Partner – CRGI, CRC9; Director, CGC9 None None

Claudia P. Huntington8

1952

  

President and Trustee: NEF (1996)

Senior Vice President and Trustee: AMCAP (1992)

 Partner – CRGI, CRMC; Director, CGC9 None None

Gregory D. Johnson

1963

  

Nominee: DWGI, IFA, IGI

President and Trustee: AMBAL (2003)

 Partner – CWI, CRMC; Director, CRMC 4 None

Joanna F. Jonsson

1963

  

Nominee: EUPAC, NWF

President and Trustee: NPF (2008)

 Partner – CWI, CRMC; Partner – CWI, Capital Bank and Trust Company9 (CB&T); Director, CRMC 3 None

 

1-15


Table of Contents

Nominee name and

year of birth

 

Position with the Fund

(year first appointed2)

 Principal occupation(s)
during past five years and
positions held with
affiliates of the Fund
 Number of
portfolios in
Fund complex
overseen3
 Other  directorships4
held during past five
years

Carl M. Kawaja

1964

 

Nominee: NPF, NWF

President and Trustee: EUPAC (2003); President: NWF (1999-2016, 2018)

 Partner – CWI, CRMC; Director, CGC9 3 None

Michael T. Kerr8

1959

 President and Trustee: GFA (1998) Partner – Capital International Investors (CII), CRMC None None

Jonathan Knowles, PhD8

1961

 President and Director:
SCWF (2000)
 Partner – CWI, CIInc.9; Director, CGC9 None None

Winnie Kwan

1972

 

Nominee: CIB, NEF, WGI

Senior Vice President: CIB (2017)

 Partner – CRGI, CIInc.9 3 None

Sung Lee

1966

 

Nominee: CIB, NEF, WGI

President: WGI (2008)

 Partner – CRGI, CIInc.9 3 None

James B. Lovelace8

1956

 President and Trustee: CIB (1992), ICA (1994) Partner – CRGI, CRMC; Director, CRMC None None

Robert W. Lovelace8

1962

 President and Trustee: NPF (2001); President and Director: NWF (1999) President and Director, CRMC; Partner – CII, CRMC; Vice Chairman of the Board, CGC9; Director, Capital Group Private Markets, Inc.9 (CGPM) None None

Kristine M. Nishiyama8

1970

 President and Trustee: MMF (2009) Senior Vice President and Senior Counsel, Fund Business Management Group – CRMC; Chair, Senior Vice President and General Counsel – CB&T None None

 

1-16


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first appointed2)

 Principal occupation(s)
during past five years and
positions held with
affiliates of the Fund
 Number of
portfolios in
Fund complex
overseen3
 Other  directorships4
held during past five
years

Donald D. O’Neal8

1960

  President and Trustee: ICA (1994), GFA (1995) Partner – CII, CRMC; Director, CRMC 29 None

Dina N. Perry8

1945

  Senior Vice President and Trustee: FI (1994) Partner – CWI, CRMC None None

Anne-Marie Peterson

1972

  

Nominee: FI, GFA, SCWF

President: GFA (2016)

 Partner – CWI, CRMC; Director, CGC9 3 None

Eric S. Richter8

1960

  President and Trustee: GBAL (2010) Partner – CRGI, CRMC None None

William L. Robbins

1968

  

Nominee: AMCAP, ICA, GBAL

President and Trustee: AMF (2004)

 Partner, CII, CRMC 4 None

Paul F. Roye8

1953

  Executive Vice President and Trustee: WMIF (2012) Senior Vice President and Senior Counsel – Fund Business Management Group, CRMC; Director, CRMC None None

John H. Smet8

1956

  President and Trustee: BFA (1994); Senior Vice President and Trustee: AFTD (2007); Trustee: GVT, IBFA (1993); AFMF (2010); AHIT, STBF, WBF (2011); CBF, ILBF (2012); EMBF, SBF (2015) Partner – CFII, CRMC; Director, CRMC None None

Eric H. Stern

1964

  

Nominee: WMIF

President: WMIF (2014)

 Partner – CII, CRMC; Partner – CII, CB&T9; Partner – CII, Capital Guardian Trust Company9 (CGTC) 1 None

 

1-17


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first appointed2)

  Principal occupation(s)
during past five years and
positions held with
affiliates of the Fund
 Number of
portfolios in
Fund complex
overseen3
 Other  directorships4
held during past five
years

James Terrile

1965

  

Nominee: AMF, ICA, GBAL

President and Trustee: AMCAP (2006)

Senior Vice President: AMF (2007)

  Partner – CRGI, CRMC; Director, CGC9; Director, Capital Strategy Research, Inc.9 (CSR) 4 None

Bradley J. Vogt

1965

  

Nominee: AFTD

Senior Vice President and Trustee: AFPS, AFCTD (2012); AFRIS (2015); President: AFTD (2012)

  Chairman of the Board, CRC9; Partner – CRGI, CRMC; Director, CGC9 29 None

Shaw B. Wagener8

1959

  President and Trustee: DWGI (2013)  Chairman of the Board, Capital Group International, Inc.9 (CGII); Chairman of the Board, CIInc.9; Director, CGPM9; Partner – CII, CRMC None None

Steven T. Watson8

1955

  President and Trustee: IGI (2008)  Partner – CII, CIInc.9 None None

Gregory W. Wendt8

1961

  President and Director: SCWF (1992)  Partner – CRGI, CRMC None None

 

1-18


Table of Contents

Nominee name and

year of birth

  

Position with the Fund

(year first appointed2)

 Principal occupation(s)
during past five years and
positions held with
affiliates of the Fund
 Number of
portfolios in
Fund complex
overseen3
 Other  directorships4
held during past five
years

Karl J. Zeile

1966

  

Nominee: AFMF, AHIT, BFA, CBF, EMBF, GVT, IBFA, ILBF, MMF, SBF, STBF, WBF

President and Trustee: TEBF (2009); Senior Vice President and Trustee: LTEX (2004); AHIM (2008); TEFCA (2009); TEFNY (2010); Trustee: STEX (2011)

 Partner – CFII, CRMC; Director, CGC9 19 None

 

1

The term independent director/trustee refers to a director/trustee who is not an “interested person” of the Fund within the meaning of the 1940 Act.

2

Directors/Trustees and officers of the Fund serve until their resignation, removal or retirement.

3

Funds managed by CRMC or its affiliates. The number of portfolios within the fund complex overseen by a director/trustee includes portfolios that a nominee would oversee if elected.

4

This includes all directorships/trusteeships (other than those in the American Funds or other funds managed by CRMC or its affiliates) that are held by each director/trustee as a director/trustee of a public company or a registered investment company. Unless otherwise noted, all directorships/trusteeships are current.

5 

Mr. Fuller plans to retire from the Boards of AFCTD, AFTD, AFPS, AFRIS, AMCAP, AMF, Fixed Income Funds, GBAL and ICA at the end of 2018. He will remain on the Boards until his retirement (or, if later, until his successor is elected and qualified) but will not stand for election at the Shareholder Meetings.

6 

Mr. Sanchez plans to retire from the Boards of AFCTD, AFTD, AFPS, AFRIS and Fixed Income Funds at the end of 2018. He will remain on the Boards until his retirement (or, if later, until his successor is elected and qualified) but will not stand for election at the Shareholder Meetings.

7

The term interested director/trustee refers to a trustee who is an “interested person” of the Fund within the meaning of the 1940 Act, on the basis of his or her affiliation with the Fund’s investment adviser, CRMC, or affiliated entities.

8

These interested trustees will remain as directors/trustees of their Boards until the end of 2018 (or, if later, until his or her successor is elected and qualified) but will not stand for election at the Shareholder Meetings.

9 

Company affiliated with CRMC.

The address for all directors/trustees and nominees of the Funds is 333 South Hope Street, 55th Floor, Los Angeles, California 90071, Attention: Secretary.

 

1-19


Table of Contents

APPENDIX 2

Board and Committee Meetings; Committee Composition1,2

 

         Audit Committee 

Contracts Committee

 Nominating and
Governance Committee
Fund Most recent
fiscal
year end
 Number of
board
meetings3
 Members Number of
meetings3
 Members Number of
meetings3
 Members Number of
meetings3

AFCTD

AFPS

AFRIS

AFTD

 10/31/2017

10/31/2017

10/31/2017

10/31/2017

 4 Fuller, Holt, Mitchell, Sanchez, Trower 5 All Independent Directors 1 Baribault, Ellis, Farvardin, Hooper, Janow, Spellings 2

AMBAL

DWGI

IGI

 12/31/2017

11/30/2017

6/30/2018

 4 Baribault, Chang, Griego, L. Jones, Postl, Spellings 5 All Independent Directors 1 

Griego, L. Jones,

W. Jones, Postl, Spellings, Stein

 4

AMCAP4

ICA4

 2/28/2018

12/31/2017

 4 Ellis, Fuller, González, McLaughlin 5 All Independent Directors 1 Bryson, Dolan, Mazziotta 3

AMF

GBAL

 10/31/2017

10/31/2017

 4 Ellis, Fuller, González, McLaughlin 4 All Independent Directors 1 Bryson, Dolan, Mazziotta 2

CIB

NEF

WGI

 10/31/2017

11/30/2017

11/30/2017

 4 Freund, Greer, Lewis 5 All Independent Directors 1 Dolan, Hooper, Janow, L. Jones, Stone 2

 

2-1


Table of Contents
         Audit Committee 

Contracts Committee

 Nominating and
Governance Committee
Fund Most recent
fiscal
year end
 Number of
board
meetings3
 Members Number of
meetings3
 Members Number of
meetings3
 Members Number of
meetings3

EUPAC

 3/31/2018 4 Allison, Chang, González, Sheeran 4 All Independent Directors 1 Koehler, Miller, Ovi 5

FI

GFA

SCWF

 12/31/2017

8/31/2017

9/30/2017

 4 Griego, Meers, Simril, Stone 5 All Independent Directors 1 Berenato, Bryson, Freund, L. Jones 3

Fixed Income Funds5

 Various6 4 Fuller, Holt, Mitchell, Sanchez, Trower 5 All Independent Directors 1 Baribault, Ellis, Farvardin, Hooper, Janow, Spellings 2

IFA

 7/31/2017 4 Baribault, Chang, Griego, L. Jones, Postl, Spellings 5 All Independent Directors 1 Griego, L. Jones, W. Jones, Postl, Spellings, Stein 2

NPF

NWF

 9/30/2017

10/31/2017

 4 Allison, Chang, González, Sheeran 5 All Independent Directors 1 Koehler, Miller, Ovi 4

 

2-2


Table of Contents
         Audit Committee 

Contracts Committee

 Nominating and
Governance Committee
Fund Most recent
fiscal
year end
 Number of
board
meetings3
 Members Number of
meetings3
 Members Number of
meetings3
 Members Number of
meetings3

WMIF

 4/30/2018 4 Andrews, Holt, Hooper, Spellings 5 All Independent Directors 1 Farvardin, Nickles, Singleton, Thomas 3

 

1

The following current committee members are planning to retire from their respective board(s) by the end of 2018: Mr. Fuller (AMCAP, AMF, ICA, GBAL, AFCTD, AFPS, AFRIS, AFTD and Fixed Income Funds) and Mr. Sanchez (AFCTD, AFPS, AFRIS, AFTD and Fixed Income Funds).

2 

Each incumbent director/trustee attended 75% or more of the meetings of the board and committees on which he or she served with the exception of AMCAP and ICA as further noted.

3 

For the most recently ended fiscal year.

4 

AMCAP and ICA: Ms. Dolan was unable to attend one of four board meetings and the sole contracts committee meeting.

5 

Ms. Trower is currently serving only on the Boards of AFMF, AHIM, CBF, EMBF, GVT, IBFA, ILBF, SBF, and TEFNY.

6 

Most recent fiscal year ends for the Fixed Income Funds are as follows: 7/31/2017 (AHIM, LTEX, STEX, TEBF, TEFCA and TEFNY); 8/31/2017 (AFMF, GVT, IBFA and STBF); 9/30/2017 (AHIT and MMF); 11/30/2017 (ILBF); 12/31/2017 (BFA, EMBF, SBF and WBF); and 5/31/2018 (CBF).

 

2-3


Table of Contents

APPENDIX 3

Board Member Compensation and Fund Ownership

The following tables set forth for each nominee or continuing director/trustee the total compensation paid to him or her by the Fund and by all Funds managed by CRMC or its affiliates that he or she oversees as a director/trustee during the most recent fiscal year, as well as the value of his or her holdings in each Fund and in all of the Funds he or she oversees (or would oversee, if elected) as a director/trustee as of June 30, 2018. As of June 30, 2018, the nominees, continuing directors/trustees and officers of each Fund owned, in aggregate, less than 1% of each Fund’s outstanding shares.

 

Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
  Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
  Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

AFCTD

                

Independent Trustees1

                

William H. Baribault

  $3,306   $390,631  None Over $100,000 N/A Over $100,000

James G. Ellis

  3,294   393,969  None Over $100,000 N/A N/A

Nariman Farvardin4

  N/A   183,750  None Over $100,000 NA Over $100,000

Leonard R. Fuller8

  3,215   387,131  None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

  1,010   216,396  None Over $100,000 N/A N/A

R. Clark Hooper

  3,831   485,562  $1 - $10,000 Over $100,000 N/A Over $100,000

Merit E. Janow

  3,169   402,381  None Over $100,000 N/A N/A

Laurel B. Mitchell

  4,195   301,162  None Over $100,000 N/A Over $100,000

Frank M. Sanchez9

  3,833   272,662  None $1 - $10,000 N/A N/A

Margaret Spellings

  2,800   426,387  None Over $100,000 N/A Over $100,000

Alexandra Trower4

  N/A   N/A  None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

                

Michael C. Gitlin7

  None6   None6  None Over $100,000 N/A N/A

Bradley J. Vogt

  None6   None6  Over $100,000 Over $100,000 N/A N/A

 

3-1


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

AFMF

            

Independent Trustees1

            

William H. Baribault

 $1,728 $389,099 None Over $100,000 N/A Over $100,000

James G. Ellis

 1,720 392,438 None Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 187,500 None Over $100,000 NA Over $100,000

Leonard R. Fuller8

 1,664 385,600 None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

 80 174,959 None Over $100,000 N/A N/A

R. Clark Hooper

 1,993 493,687 None Over $100,000 N/A Over $100,000

Merit E. Janow

 1,630 407,599 None Over $100,000 N/A N/A

Laurel B. Mitchell

 2,245 300,662 $1 - $10,000 Over $100,000 $10,001 - $50,000 Over $100,000

Frank M. Sanchez9

 2,034 272,162 None $1 - $10,000 N/A N/A

Margaret Spellings

 1,414 428,212 None Over $100,000 N/A Over $100,000

Alexandra Trower4

 N/A N/A None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

            

Michael C. Gitlin

 None6 None6 Over $100,000 Over $100,000 N/A N/A

John H. Smet10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile7

 None6 None6 $10,000 - $50,000 Over $100,000 N/A N/A

AFPS

            

Independent Trustees1

            

William H. Baribault

 $15,132 $390,631 $10,001 - $50,000 Over $100,000 $1 - $10,000 Over $100,000

James G. Ellis

 15,075 393,969 None Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 183,750 $50,001 - $100,000 Over $100,000 Over $100,000 Over $100,000

Leonard R. Fuller8

 14,718 387,131 None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

 4,502 216,396 None Over $100,000 N/A N/A

 

3-2


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

R. Clark Hooper

 17,696 485,562 $10,001 - $50,000 Over $100,000 N/A Over $100,000

Merit E. Janow

 14,503 402,381 None Over $100,000 N/A N/A

Laurel B. Mitchell

 19,195 301,162 Over $100,000 Over $100,000 $1 - $10,000 Over $100,000

Frank M. Sanchez9

 17,452 272,662 None $1 - $10,000 N/A N/A

Margaret Spellings

 12,818 426,387 None Over $100,000 N/A Over $100,000

Alexandra Trower4

 N/A N/A None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

            

Michael C. Gitlin7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Bradley J. Vogt

 None6 None6 Over $100,000 Over $100,000 N/A N/A

AFRIS

            

Independent Trustees1

            

William H. Baribault

 $433 $390,631 None Over $100,000 N/A Over $100,000

James G. Ellis

 $432 393,969 None Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 183,750 None Over $100,000 NA Over $100,000

Leonard R. Fuller8

 421 387,131 None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

 163 216,396 None Over $100,000 N/A N/A

R. Clark Hooper

 462 485,562 None Over $100,000 N/A Over $100,000

Merit E. Janow

 415 402,381 None Over $100,000 N/A N/A

Laurel B. Mitchell

 551 301,162 $10,001 - $50,000 Over $100,000 $1 - $10,000 Over $100,000

Frank M. Sanchez9

 526 272,662 None $1 - $10,000 N/A N/A

Margaret Spellings

 366 426,387 None Over $100,000 N/A Over $100,000

Alexandra Trower4

 N/A N/A None $10,000 - $50,000 $10,000 - $50,000 $50,000 - $100,000

Interested Trustees5

            

Michael C. Gitlin7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

 

3-3


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Bradley J. Vogt

 None6 None6 Over $100,000 Over $100,000 N/A N/A

AFTD

            

Independent Trustees1

            

William H. Baribault

 $31,422 $390,631 $50,001 - $100,000 Over $100,000 $50,001 - $100,000 Over $100,000

James G. Ellis

 31,303 393,969 None Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 183,750 $50,001 - $100,000 Over $100,000 Over $100,000 Over $100,000

Leonard R. Fuller8

 30,560 387,131 None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

 9,661 216,396 None Over $100,000 N/A N/A

R. Clark Hooper

 36,326 485,562 $50,001 - $100,000 Over $100,000 N/A Over $100,000

Merit E. Janow

 30,114 402,381 $1 - $10,000 Over $100,000 N/A N/A

Laurel B. Mitchell

 39,868 301,162 $50,001 - $100,000 Over $100,000 $10,001 - $50,000 Over $100,000

Frank M. Sanchez9

 36,483 272,662 None $1 - $10,000 N/A N/A

Margaret Spellings

 26,605 426,387 None Over $100,000 N/A Over $100,000

Alexandra Trower4

 N/A N/A None $10,000 - $50,000 $10,000 - $50,000 $50,000 - $100,000

Interested Trustees5

            

Michael C. Gitlin7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

John H. Smet10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Bradley J. Vogt7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

AHIM

            

Independent Trustees1

            

William H. Baribault

 $3,292 $389,099 None Over $100,000 N/A Over $100,000

James G. Ellis

 3,276 392,438 $10,001 - $50,000 Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 183,750 None Over $100,000 NA Over $100,000

Leonard R. Fuller8

 3,170 385,600 None $10,001 - $50,000 N/A Over $100,000

 

3-4


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Mary Davis Holt

 144 174,959 None Over $100,000 N/A N/A

R. Clark Hooper

 3,816 493,687 None Over $100,000 N/A Over $100,000

Merit E. Janow

 3,106 407,599 None Over $100,000 N/A N/A

Laurel B. Mitchell

 4,275 300,662 $1 - $10,000 Over $100,000 N/A Over $100,000

Frank M. Sanchez9

 3,857 272,162 None $1 - $10,000 N/A N/A

Margaret Spellings

 2,695 428,212 $10,001 - $50,000 Over $100,000 N/A Over $100,000

Alexandra Trower4

 N/A N/A None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

            

Michael C. Gitlin

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile

 None6 None6 Over $100,000 Over $100,000 N/A N/A

AHIT

            

Independent Trustees1

            

William H. Baribault

 $12,117 $390,631 None Over $100,000 $1 - $10,000 Over $100,000

James G. Ellis

 12,055 393,969 $10,001 - $50,000 Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 183,750 None Over $100,000 NA Over $100,000

Leonard R. Fuller8

 11,664 387,131 None $10,001 - $50,000 $10,001 - $50,000 Over $100,000

Mary Davis Holt

 3,391 216,396 None Over $100,000 N/A N/A

R. Clark Hooper

 14,156 485,562 $10,001 - $50,000 Over $100,000 N/A Over $100,000

Merit E. Janow

 11,430 402,381 None Over $100,000 N/A N/A

Laurel B. Mitchell

 15,835 301,162 $10,001 - $50,000 Over $100,000 $10,001 - $50,000 Over $100,000

Frank M. Sanchez9

 14,151 272,662 None $1 - $10,000 N/A N/A

Margaret Spellings

 9,865 426,387 None Over $100,000 N/A Over $100,000

Alexandra Trower4,7

 N/A N/A None $10,000 - $50,000 N/A $50,000 - $100,000

 

3-5


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Interested Trustees5

            

Michael C. Gitlin

 None6 None6 Over $100,000 Over $100,000 N/A N/A

John H. Smet10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

AMBAL

            

Independent Trustees1

            

William H. Baribault

 $39,375 $385,500 $1 - $10,000 Over $100,000 $10,001 - $50,000 Over $100,000

Michael C. Camuñez4,7

 N/A N/A None None N/A N/A

Vanessa C. L. Chang

 42,313 370,500 Over $100,000 Over $100,000 N/A N/A

Linda Griego

 50,125 332,500 None Over $100,000 N/A N/A

Leonade D. Jones

 42,900 409,100 Over $100,000 Over $100,000 Over $100,000 Over $100,000

William D. Jones

 41,500 373,000 $50,001 - $100,000 Over $100,000 Over $100,000 Over $100,000

James J. Postl

 64,625 258,500 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Josette Sheeran4,7

 N/A 178,000 None Over $100,000 N/A N/A

Margaret Spellings

 41,088 438,400 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Isaac Stein

 72,500 290,000 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Interested Trustees5

            

Hilda L. Applbaum7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Gregory D. Johnson

 None6 None6 Over $100,000 Over $100,000 N/A N/A

AMCAP

            

Independent Trustees1

            

Louise H. Bryson

 $39,563 $300,500 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Mary Anne Dolan

 25,984 386,100 Over $100,000 Over $100,000 N/A N/A

James G. Ellis

 41,250 392,000 $10,001 - $50,000 Over $100,000 N/A N/A

Leonard R. Fuller8

 38,438 382,000 $10,001 - $50,000 $10,001 - $50,000 $10,001 - $50,000 Over $100,000

 

3-6


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Pablo R. González Guajardo

 38,125 286,500 None Over $100,000 Over $100,000 Over $100,000

William D. Jones

 51,750 373,000 $50,001 - $100,000 Over $100,000 Over $100,000 Over $100,000

John C. Mazziotta

 56,375 225,500 None None Over $100,000 Over $100,000

William R. McLaughlin

 54,750 219,000 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Kenneth M. Simril4,7

 N/A 183,500 $10,001 - $50,000 Over $100,000 N/A N/A

Kathy J. Williams4,7

 N/A N/A None None N/A N/A

Interested Trustees5

            

Claudia P. Huntington10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

William L. Robbins7

 None6 None6 None Over $100,000 N/A N/A

James Terrile

 None6 None6 Over $100,000 Over $100,000 N/A N/A

AMF

            

Independent Trustees1

            

Louise H. Bryson

 $37,180 $295,313 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Mary Anne Dolan

 32,815 428,125 Over $100,000 Over $100,000 N/A N/A

James G. Ellis

 41,430 393,969 $10,001 - $50,000 Over $100,000 N/A N/A

Leonard R. Fuller8

 37,742 387,131 $1 - $10,000 $10,001 - $50,000 $1 - $10,000 Over $100,000

Pablo R. González Guajardo

 37,742 283,312 None Over $100,000 Over $100,000 Over $100,000

William D. Jones

 49,055 343,438 $50,001 - $100,000 Over $100,000 $50,001 - $100,000 Over $100,000

John C. Mazziotta

 53,188 212,750 None None Over $100,000 Over $100,000

William R. McLaughlin

 52,938 211,750 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Kenneth M. Simril4,7

 N/A 176,375 $10,001 - $50,000 Over $100,000 N/A N/A

Kathy J. Williams4,7

 N/A N/A None None N/A N/A

 

3-7


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Interested Trustees5

            

Joyce E. Gordon10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

William L. Robbins

 None6 None6 Over $100,000 Over $100,000 N/A N/A

James Terrile7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

BFA

            

Independent Trustees1

            

William H. Baribault

 $22,445 $388,500 None Over $100,000 N/A Over $100,000

James G. Ellis

 22,329 392,000 $10,001 - $50,000 Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 187,500 None Over $100,000 NA Over $100,000

Leonard R. Fuller8

 21,602 382,000 None $10,001 - $50,000 $50,001 - $100,000 Over $100,000

Mary Davis Holt

 12,298 264,834 None Over $100,000 N/A N/A

R. Clark Hooper

 25,799 463,800 $10,001 - $50,000 Over $100,000 N/A Over $100,000

Merit E. Janow

 21,457 364,000 None Over $100,000 N/A N/A

Laurel B. Mitchell

 29,481 294,500 $10,001 - $50,000 Over $100,000 $10,001 - $50,0000 Over $100,000

Frank M. Sanchez9

 28,202 283,500 None $1 - $10,000 N/A N/A

Margaret Spellings

 18,142 438,400 $10,001 - $50,0000 Over $100,000 N/A Over $100,000

Alexandra Trower4,7

 N/A N/A None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

            

Michael C. Gitlin

 None6 None6 Over $100,000 Over $100,000 N/A N/A

John H. Smet10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile7

 None6 None6 $50,001 - $100,000 Over $100,000 N/A N/A

CBF

            

Independent Trustees1

            

William H. Baribault

 $122 $386,875 None Over $100,000 N/A Over $100,000

 

3-8


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

James G. Ellis

 121 393,375 None Over $100,000 N/A N/A

Nariman Farvardin

 61 223,925 None Over $100,000 NA Over $100,000

Leonard R. Fuller8

 117 382,750 None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

 104 301,259 None Over $100,000 N/A N/A

R. Clark Hooper

 136 464,644 $10,001 - $50,000 Over $100,000 N/A Over $100,000

Merit E. Janow

 116 364,750 None Over $100,000 N/A N/A

Laurel B. Mitchell

 162 297,250 $1 - $10,000 Over $100,000 N/A Over $100,000

Frank M. Sanchez9

 155 286,250 None $1 - $10,000 N/A N/A

Margaret Spellings

 99 439,194 $1 - $10,000 Over $100,000 N/A Over $100,000

Alexandra Trower

 305 72,875 None $10,000 - $50,000 N/A $50,001 - $100,000

Interested Trustees5

            

Michael C. Gitlin

 None6 None6 Over $100,000 Over $100,000 N/A N/A

John H. Smet10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

CIB

            

Independent Trustees1

            

Joseph C. Berenato

 $52,115 $369,525 Over $100,000 Over $100,000 N/A N/A

Mary Anne Dolan

 42,519 428,125 Over $100,000 Over $100,000 N/A N/A

John G. Freund

 40,698 265,687 None None Over $100,000 Over $100,000

Pedro J. Greer, Jr.

 58,792 176,375 None None $50,001 - $100,000 Over $100,000

R. Clark Hooper

 41,686 485,562 $10,001 - $50,000 Over $100,000 $10,001 - $50,000 Over $100,000

Merit E. Janow

 57,490 402,381 Over $100,000 Over $100,000 N/A N/A

Leonade D. Jones

 39,366 393,375 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Earl Lewis, Jr.

 38,000 114,000 $1 - $10,000 $10,001 - $50,000 $10,001 - $50,000 $50,001 - $100,000

 

3-9


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Christopher E. Stone

 47,094 270,938 $50,001 - $100,000 Over $100,000 N/A N/A

Interested Trustees5

            

Joyce E. Gordon10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Winnie Kwan7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Sung Lee7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

James B. Lovelace10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

DWGI

            

Independent Trustees1

            

William H. Baribault

 $38,680 $390,631 None Over $100,000 N/A Over $100,000

Michael C. Camuñez4,7

 N/A N/A None None N/A N/A

Vanessa C. L. Chang

 41,742 360,900 Over $100,000 Over $100,000 N/A N/A

Linda Griego

 45,430 316,813 $50,001 - $100,000 Over $100,000 N/A N/A

Leonade D. Jones

 38,419 393,375 Over $100,000 Over $100,000 N/A Over $100,000

William D. Jones

 36,805 343,438 $10,001 - $50,000 Over $100,000 $50,000 - $100,000 Over $100,000

James J. Postl

 58,688 234,750 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Josette Sheeran4,7

 N/A 178,125 None Over $100,000 N/A N/A

Margaret Spellings

 36,919 426,387 Over $100,000 Over $100,000 N/A Over $100,000

Isaac Stein

 64,688 258,750 None Over $100,000 Over $100,000 Over $100,000

Interested Trustees5

            

Hilda L. Applbaum7

 None6 None6 None Over $100,000 N/A N/A

Gregory D. Johnson7

 None6 None6 None Over $100,000 N/A N/A

Shaw B. Wagener10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

 

3-10


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

EMBF

            

Independent Trustees1

            

William H. Baribault

 $41 $385,500 None Over $100,000 N/A Over $100,000

James G. Ellis

 41 392,000 None Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 187,500 None Over $100,000 NA Over $100,000

Leonard R. Fuller8

 39 382,000 None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

 22 264,834 None Over $100,000 N/A N/A

R. Clark Hooper

 47 463,800 None Over $100,000 N/A Over $100,000

Merit E. Janow

 39 364,000 None Over $100,000 N/A N/A

Laurel B. Mitchell

 54 294,500 $1 - $10,000 Over $100,000 N/A Over $100,000

Frank M. Sanchez9

 51 283,500 None $1 - $10,000 N/A N/A

Margaret Spellings

 33 438,400 None Over $100,000 N/A Over $100,000

Alexandra Trower4

 N/A N/A None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

            

Michael C. Gitlin

 None6 None6 Over $100,000 Over $100,000 N/A N/A

John H. Smet10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

EUPAC

            

Independent Trustees1

            

Elisabeth Allison

 $63,543 $190,625 Over $100,000 Over $100,000 N/A N/A

Vanessa C.L. Chang

 45,126 372,900 Over $100,000 Over $100,000 N/A N/A

Pablo R. González Guajardo

 44,875 287,750 $10,001 - $50,000 Over $100,000 Over $100,000 Over $100,000

Martin E. Koehler

 63,417 190,250 $50,001 - $100,000 Over $100,000 $50,001 - $100,000 Over $100,000

Pascal Millaire4,7

 N/A N/A Over $100,000 Over $100,000 N/A N/A

 

3-11


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

William I. Miller

 70,043 210,125 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Alessandro Ovi

 68,667 206,000 Over $100,000 Over $100,000 N/A N/A

Josette Sheeran

 60,209 180,625 $10,001 - $50,000 Over $100,000 N/A N/A

Amy Zegart4,7

 N/A N/A None None N/A N/A

Interested Trustees5

            

Joanna F. Jonsson7

 None6 None6 None Over $100,000 N/A N/A

Carl M. Kawaja

 None6 None6 Over $100,000 Over $100,000 N/A N/A

FI

            

Independent Trustees1

            

Joseph C. Berenato

 $49,333 368,500 $1 - $10,000 Over $100,000 N/A N/A

Joseph J. Bonner4,7

 N/A N/A None None N/A N/A

Louise H. Bryson

 47,416 300,500 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Mary Anne Dolan

 56,777 386,100 $50,001 - $100,000 Over $100,000 N/A N/A

John G. Freund

 46,500 273,000 None None Over $100,000 Over $100,000

Yvonne L. Greenstreet4,7

 N/A N/A None None N/A N/A

Linda Griego

 44,000 332,500 None Over $100,000 N/A N/A

Leonade D. Jones

 42,667 409,100 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Sharon I. Meers

 14,000 42,000 $50,001 - $100,000 Over $100,000 $10,001 - $50,000 $50,001 - $100,000

Kenneth M. Simril

 61,167 183,500 $10,001 - $50,000 Over $100,000 N/A N/A

Christopher E. Stone

 44,500 277,000 Over $100,000 Over $100,000 N/A N/A

Interested” Trustees5

            

Brady L. Enright

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Dina N. Perry10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Anne-Marie Peterson7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

 

3-12


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

GBAL

            

Independent Trustees1

            

Louise H. Bryson

 $37,180 $295,313 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Mary Anne Dolan

 32,815 428,125 $50,001 - 100,000 Over $100,000 N/A N/A

James G. Ellis

 41,430 393,969 $50,001 - 100,000 Over $100,000 N/A N/A

Leonard R. Fuller8

 37,742 387,131 $1 - $10,000 $10,001 - $50,000 N/A Over $100,000

Pablo R. González Guajardo

 37,742 283,312 None Over $100,000 Over $100,000 Over $100,000

William D. Jones

 49,055 343,438 $50,001 - $100,000 Over $100,000 $50,001 - $100,000 Over $100,000

John C. Mazziotta

 53,188 212,750 None None $10,001 - $50,000 Over $100,000

William R. McLaughlin

 52,938 211,750 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Kenneth M. Simril4,7

 N/A 176,376 $10,001 - $50,000 Over $100,000 N/A N/A

Kathy J. Williams4,7

 N/A N/A None None N/A N/A

Interested Trustees5

            

Eric S. Richter10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

William L. Robbins7

 None6 None6 None Over $100,000 N/A N/A

James Terrile7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

GFA

            

Independent Trustees1

            

Joseph C. Berenato

 $49,396 $361,550 $1 - $10,000 Over $100,000 N/A N/A

Joseph J. Bonner4,7

 N/A N/A None None N/A N/A

Louise H. Bryson

 47,896 289,625 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Mary Anne Dolan

 56,095 427,650 Over $100,000 Over $100,000 N/A N/A

John G. Freund

 46,812 257,375 None None Over $100,000 Over $100,000

 

3-13


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Yvonne L. Greenstreet4,7

 N/A N/A None None N/A N/A

Linda Griego

 44,063 311,125 None Over $100,000 N/A N/A

Leonade D. Jones

 40,400 390,650 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Sharon I. Meers4

 N/A N/A $10,001 - $50,000 Over $100,000 N/A $50,001 - $100,000

Kenneth M. Simril

 43,750 131,250 $10,001 - $50,000 Over $100,000 N/A N/A

Christopher E. Stone

 41,938 264,875 Over $100,000 Over $100,000 N/A N/A

Interested Trustees5

            

Brady L. Enright7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Michael T. Kerr10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Donald D. O’Neal10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Anne-Marie Peterson7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

GVT

            

Independent Trustees1

            

William H. Baribault

 $5,928 $389,099 None Over $100,000 $1 - $10,000 Over $100,000

James G. Ellis

 5,898 392,438 None Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 187,500 None Over $100,000 NA Over $100,000

Leonard R. Fuller8

 5,707 385,600 None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

 254 174,959 None Over $100,000 N/A N/A

R. Clark Hooper

 6,880 493,687 None Over $100,000 N/A Over $100,000

Merit E. Janow

 5,593 407,599 None Over $100,000 N/A N/A

Laurel B. Mitchell

 7,696 300,662 $1 - $10,000 Over $100,000 N/A Over $100,000

Frank M. Sanchez9

 6,936 272,162 None $1 - $10,000 N/A N/A

Margaret Spellings

 4,853 428,212 None Over $100,000 N/A Over $100,000

Alexandra Trower4

 N/A N/A None $10,000 - $50,000 N/A $50,000 - $100,000

 

3-14


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Interested Trustees5

            

Michael C. Gitlin

 None6 None6 Over $100,000 Over $100,000 N/A N/A

John H. Smet10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile7

 None6 None6 $50,000 - $100,000 Over $100,000 N/A N/A

IBFA

            

Independent Trustees1

            

William H. Baribault

 $9,039 $389,099 None Over $100,000 N/A Over $100,000

James G. Ellis

 8,992 392,438 $10,001 - $50,000 Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 187,500 None Over $100,000 NA Over $100,000

Leonard R. Fuller8

 8,701 385,600 None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

 376 174,959 None Over $100,000 N/A N/A

R. Clark Hooper

 10,513 493,687 None Over $100,000 N/A Over $100,000

Merit E. Janow

 8,527 407,599 None Over $100,000 N/A N/A

Laurel B. Mitchell

 11,731 300,662 $1 - $10,000 Over $100,000 $10,001 - $50,000 Over $100,000

Frank M. Sanchez9

 10,552 272,162 None $1 - $10,000 N/A N/A

Margaret Spellings

 7,402 428,212 None Over $100,000 N/A Over $100,000

Alexandra Trower4

 N/A N/A None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

            

Michael C. Gitlin

 None6 None6 Over $100,000 Over $100,000 N/A N/A

John H. Smet10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile7

 None6 None6 $50,000 - $100,000 Over $100,000 N/A N/A

ICA

            

Independent Trustees1

            

Louise H. Bryson

 $39,563 $300,500 Over $100,000 Over $100,000 Over $100,000 Over $100,000

 

3-15


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Mary Anne Dolan

 25,984 386,100 Over $100,000 Over $100,000 N/A N/A

James G. Ellis

 41,250 392,000 $50,001 - $100,000 Over $100,000 N/A N/A

Leonard R. Fuller8

��38,438 382,000 None $10,001 - $50,000 Over $100,000 Over $100,000

Pablo R. González Guajardo

 38,125 286,500 None Over $100,000 Over $100,000 Over $100,000

William D. Jones

 51,750 373,000 $50,001 - $100,000 Over $100,000 $50,001 - $100,000 Over $100,000

John C. Mazziotta

 56,375 225,500 None None Over $100,000 Over $100,000

William R. McLaughlin

 54,750 219,000 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Kenneth M. Simril4,7

 N/A 183,500 $10,001 - $50,000 Over $100,000 N/A N/A

Kathy J. Williams4,7

 N/A N/A None None N/A N/A

Interested Trustees5

            

James B. Lovelace10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Donald D. O’Neal10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

William L. Robbins7

 None6 None6 None Over $100,000 N/A N/A

James Terrile7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

IFA

            

Independent Trustees1

            

William H. Baribault

 $37,985 $389,099 $10,001 - $50,000 Over $100,000 $10,001 - $50,000 Over $100,000

Michael C. Camuñez4,7

 N/A N/A None None N/A N/A

Vanessa C. L. Chang

 41,047 350,800 Over $100,000 Over $100,000 N/A N/A

Linda Griego

 44,735 311,125 None Over $100,000 N/A N/A

Leonade D. Jones

 37,938 390,650 Over $100,000 Over $100,000 Over $100,000 Over $100,000

William D. Jones

 36,110 337,875 $50,001 - $100,000 Over $100,000 $50,001 - $100,000 Over $100,000

Josette Sheeran4,7

 N/A 172,750 None Over $100,000 N/A N/A

 

3-16


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

James J. Postl

 57,500 230,000 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Margaret Spellings

 36,750 428,212 None Over $100,000 Over $100,000 Over $100,000

Isaac Stein

 63,500 254,000 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Interested Trustees5

            

Hilda L. Applbaum

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Gregory D. Johnson7

 None6 None6 None Over $100,000 N/A N/A

IGI

            

Independent Trustees1

            

William H. Baribault

 $39,688 $388,250 None Over $100,000 $1 - $10,000 Over $100,000

Michael C. Camuñez4,7

 N/A N/A None None N/A N/A

Vanessa C. L. Chang

 42,625 375,300 Over $100,000 Over $100,000 N/A N/A

Linda Griego

 49,969 335,000 None Over $100,000 N/A N/A

Leonade D. Jones

 43,000 404,750 Over $100,000 Over $100,000 Over $100,000 Over $100,000

William D. Jones

 41,813 375,500 $50,001 - $100,000 Over $100,000 $50,001 - $100,000 Over $100,000

James J. Postl

 65,938 263,750 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Josette Sheeran4,7

 N/A 183,250 None Over $100,000 N/A N/A

Margaret Spellings

 41,187 439,988 Over $100,000 Over $100,000 N/A Over $100,000

Isaac Stein

 73,500 294,000 Over $100,000 Over $100,000 Over $100,000 Over $100,000

Interested Trustees5

            

Hilda L. Applbaum7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Gregory D. Johnson7

 None6 None6 None Over $100,000 N/A N/A

Steven T. Watson10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

 

3-17


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
 Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
 Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

ILBF

            

Independent Trustees1

            

William H. Baribault

 $1,332 $390,631 None Over $100,000 N/A Over $100,000

James G. Ellis

 1,326 393,969 None Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 183,750 None Over $100,000 NA Over $100,000

Leonard R. Fuller8

 1,282 387,131 None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

 426 216,396 None Over $100,000 N/A N/A

R. Clark Hooper

 1,513 485,562 None Over $100,000 N/A Over $100,000

Merit E. Janow

 1,257 402,381 None Over $100,000 N/A N/A

Laurel B. Mitchell

 1,742 301,162 $1 - $10,000 Over $100,000 N/A Over $100,000

Frank M. Sanchez9

 1,595 272,662 None $1 - $10,000 N/A N/A

Margaret Spellings

 1,802 426,387 None Over $100,000 N/A Over $100,000

Alexandra Trower4

 N/A N/A None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

            

Michael C. Gitlin

 None6 None6 Over $100,000 Over $100,000 N/A N/A

John H. Smet10

 None6 None6 Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile7

 None6 None6 Over $100,000 Over $100,000 N/A N/A

LTEX

            

Independent Trustees1

            

William H. Baribault

 $2,639 $389,099 Over $100,000 Over $100,000 Over $100,000 Over $100,000

James G. Ellis

 2,625 392,438 $10,001 - $50,000 Over $100,000 N/A N/A

Nariman Farvardin4

 N/A 187,500 None Over $100,000 NA Over $100,000

Leonard R. Fuller8

 2,540 385,600 None $10,001 - $50,000 $1 - $10,000 Over $100,000

Mary Davis Holt

 111 174,959 None Over $100,000 N/A N/A

R. Clark Hooper

 3,068 493,687 None Over $100,000 N/A Over $100,000

 

3-18


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
  Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
  Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Merit E. Janow

  2,489   407,599  None Over $100,000 N/A N/A

Laurel B. Mitchell

  3,425   300,662  $1 - $10,000 Over $100,000 N/A Over $100,000

Frank M. Sanchez9

  3,082   272,162  None $1 - $10,000 N/A N/A

Margaret Spellings

  2,161   428,212  None Over $100,000 N/A Over $100,000

Alexandra Trower4,7

  N/A   N/A  None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

                

Michael C. Gitlin

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile

  None6   None6  Over $100,000 Over $100,000 N/A N/A

MMF

                

Independent Trustees1

                

William H. Baribault

  $13,367   $390,631  Over $100,000 Over $100,000 Over $100,000 Over $100,000

James G. Ellis

  13,298   393,969  None Over $100,000 N/A N/A

Nariman Farvardin4

  N/A   187,500  None Over $100,000 $1 - $10,000 Over $100,000

Leonard R. Fuller8

  12,867   387,131  $1 - $10,000 $10,001 - $50,000 $10,001 - $50,000 Over $100,000

Mary Davis Holt

  3,847   216,396  None Over $100,000 N/A N/A

R. Clark Hooper

  15,528   485,562  None Over $100,000 N/A Over $100,000

Merit E. Janow

  12,608   402,381  None Over $100,000 N/A N/A

Laurel B. Mitchell

  17,468   301,162  None Over $100,000 $10,001 - $50,000 Over $100,000

Frank M. Sanchez9

  15,689   272,662  None $1 - $10,000 N/A N/A

Margaret Spellings

  10,877   426,387  None Over $100,000 $10,001 - $50,000 Over $100,000

Alexandra Trower4,7

  N/A   N/A  None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

                

Michael C. Gitlin

  None6   None6  Over $100,00011 Over $100,000 N/A N/A

Kristine M. Nishiyama10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

 

3-19


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
  Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
  Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Karl J. Zeile7

  None6   None6  $10,000 - $50,000 Over $100,000 N/A N/A

NEF

                

Independent Trustees1

                

Joseph C. Berenato

  $52,114   $369,525  $1 - $10,000 Over $100,000 N/A N/A

Mary Anne Dolan

  42,519   428,125  $50,001 - $100,000 Over $100,000 N/A N/A

John G. Freund

  40,698   265,687  None None Over $100,000 Over $100,000

Pedro J. Greer, Jr.

  58,791   176,375  None None $50,0001 - $100,000 Over $100,000

R. Clark Hooper

  41,686   485,562  $10,001 - $50,000 Over $100,000 $10,001 - $50,000 Over $100,000

Merit E. Janow

  57,489   402,381  Over $100,000 Over $100,000 N/A N/A

Leonade D. Jones

  39,366   393,375  Over $100,000 Over $100,000 Over $100,000 Over $100,000

Earl Lewis, Jr.

  38,000   114,000  $10,001 - $50,000 $10,001 - $50,000 $10,001 - $50,000 $50,001 - $100,000

Christopher E. Stone

  47,094   270,938  Over $100,000 Over $100,000 N/A N/A

Interested Trustees5

                

Timothy D. Armour10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Winnie Kwan7

  None6   None6  None Over $100,000 N/A N/A

Sung Lee7

  None6   None6  None Over $100,000 N/A N/A

Claudia P. Huntington10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

NPF

                

Independent Trustees1

                

Elisabeth Allison

  $61,249   $183,750  Over $100,000 Over $100,000 N/A N/A

Vanessa C.L. Chang

  43,948   360,900  Over $100,000 Over $100,000 N/A N/A

Pablo R. González Guajardo

  44,115   283,312  $10,001 - $50,000 Over $100,000 Over $100,000 Over $100,000

Martin E. Koehler

  59,375   178,125  $50,001 - $100,000 Over $100,000 $50,001 - $100,000 Over $100,000

 

3-20


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
  Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
  Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Pascal Millaire4,7

  N/A   N/A  Over $100,000 Over $100,000 N/A N/A

William I. Miller

  60,750   182,250  Over $100,000 Over $100,000 Over $100,000 Over $100,000

Alessandro Ovi

  58,584   175,750  $50,001 - $100,000 Over $100,000 N/A N/A

Josette Sheeran

  59,375   178,125  $10,001 - $50,000 Over $100,000 N/A N/A

Amy Zegart4,7

  N/A   N/A  None None N/A N/A

Interested Trustees5

                

Joanna F. Jonsson

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Carl M. Kawaja7

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Robert W. Lovelace10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

NWF

                

Independent Directors1

                

Elisabeth Allison

  $61,250   $183,750  Over $100,000 Over $100,000 N/A N/A

Vanessa C.L. Chang

  43,947   360,900  Over $100,000 Over $100,000 N/A N/A

Pablo R. González Guajardo

  44,115   283,312  $10,001 - $50,000 Over $100,000 Over $100,000 Over $100,000

Martin E. Koehler

  59,374   178,125  $50,001 - $100,000 Over $100,000 $50,001 - $100,000 Over $100,000

Pascal Millaire4,7

  N/A   N/A  Over $100,000 Over $100,000 N/A N/A

William I. Miller

  60,749   182,250  Over $100,000 Over $100,000 Over $100,000 Over $100,000

Alessandro Ovi

  58,583   175,750  Over $100,000 Over $100,000 N/A N/A

Josette Sheeran

  59,374   178,125  $50,001 - $100,000 Over $100,000 N/A N/A

Amy Zegart4,7

  N/A   N/A  None None N/A N/A

Interested Directors5

                

Nicholas J. Grace10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Joanna F. Jonsson7

  None6   None6  None Over $100,000 N/A N/A

 

3-21


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
  Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
  Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Carl M. Kawaja7

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Robert W. Lovelace10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

SBF

                

Independent Trustees1

                

William H. Baribault

  $183   $385,500  None Over $100,000 N/A Over $100,000

James G. Ellis

  182   392,000  None Over $100,000 N/A N/A

Nariman Farvardin4

  N/A   187,500  None Over $100,000 NA Over $100,000

Leonard R. Fuller8

  176   382,000  None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

  100   264,834  None Over $100,000 N/A N/A

R. Clark Hooper

  211   463,800  None Over $100,000 N/A Over $100,000

Merit E. Janow

  175   364,000  None Over $100,000 N/A N/A

Laurel B. Mitchell

  241   294,500  $1 - $10,000 Over $100,000 N/A Over $100,000

Frank M. Sanchez9

  230   283,500  None $1 - $10,000 N/A N/A

Margaret Spellings

  148   438,400  None Over $100,000 N/A Over $100,000

Alexandra Trower4

  N/A   N/A  None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

                

Michael C. Gitlin

  None6   None6  Over $100,000 Over $100,000 N/A N/A

John H. Smet10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile7

  None6   None6  $50,000 - $100,000 Over $100,000 N/A N/A

SCWF

                

Independent Directors1

                

Joseph C. Berenato

  $50,364   $369,525  Over $100,000 Over $100,000 N/A N/A

Joseph J. Bonner4,7

  N/A   N/A  None None N/A N/A

Louise H. Bryson

  48,864   295,313  Over $100,000 Over $100,000 Over $100,000 Over $100,000

 

3-22


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
  Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
  Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Mary Anne Dolan

  56,436   428,125  $10,001 - $50,000 Over $100,000 N/A N/A

John G. Freund

  47.865   265,687  None None Over $100,000 Over $100,000

Yvonne L. Greenstreet4,7

  N/A   N/A  None None N/A N/A

Linda Griego

  45,031   316,813  $50,001 - $100,000 Over $100,000 N/A N/A

Leonade D. Jones

  40,533   393,375  Over $100,000 Over $100,000 Over $100,000 Over $100,000

Sharon I. Meers4

  N/A   N/A  $10,001 - $50,000 Over $100,000 $10,001 - $50,000 $50,001 - $100,000

Kenneth M. Simril

  58,791   176,375  $10,001 - $50,000 Over $100,000 N/A N/A

Christopher E. Stone

  43,219   270,938  Over $100,000 Over $100,000 N/A N/A

Interested Directors5

                

Brady L. Enright7

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Jonathan Knowles10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Anne-Marie Peterson7

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Gregory W. Wendt10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

STBF

                

Independent Trustees1

                

William H. Baribault

  $3,936   $389,099  None Over $100,000 N/A Over $100,000

James G. Ellis

  3,916   392,438  $10,001 - $50,000 Over $100,000 N/A N/A

Nariman Farvardin4

  N/A  ��187,500  None Over $100,000 NA Over $100,000

Leonard R. Fuller8

  3,789   385,000  None $10,001 - $50,000 $50,001 - $100,000 Over $100,000

Mary Davis Holt

  163   174,959  None Over $100,000 N/A N/A

R. Clark Hooper

  4,579   493,687  None Over $100,000 N/A Over $100,000

Merit E. Janow

  3,713   407,599  None Over $100,000 N/A N/A

Laurel B. Mitchell

  5,108   300,662  $1 - $10,000 Over $100,000 N/A Over $100,000

Frank M. Sanchez9

  4,595   272,162  $1 - $10,000 $1 - $10,000 N/A N/A

 

3-23


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
  Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
  Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Margaret Spellings

  3,223   428,212  None Over $100,000 N/A Over $100,000

Alexandra Trower4,7

  N/A   N/A  None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

                

Michael C. Gitlin

  None6   None6  Over $100,000 Over $100,000 N/A N/A

John H. Smet10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile7

  None6   None6  $10,001 - $50,000 Over $100,000 N/A N/A

STEX

                

Independent Trustees1

                

William H. Baribault

  $586   $389,099  None Over $100,000 N/A Over $100,000

James G. Ellis

  583   392,438  None Over $100,000 N/A N/A

Nariman Farvardin4

  N/A   187,500  None Over $100,000 NA Over $100,000

Leonard R. Fuller8

  564   385,600  None $10,001 - $50,000 $1 - $10,000 Over $100,000

Mary Davis Holt

  24   174,959  None Over $100,000 N/A N/A

R. Clark Hooper

  683   493,687  None Over $100,000 N/A Over $100,000

Merit E. Janow

  553   407,599  None Over $100,000 N/A N/A

Laurel B. Mitchell

  761   300,662  $1 - $10,000 Over $100,000 N/A Over $100,000

Frank M. Sanchez9

  683   272,162  None $1 - $10,000 N/A N/A

Margaret Spellings

  480   428,212  None Over $100,000 N/A Over $100,000

Alexandra Trower4,7

  N/A   N/A  None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

                

Michael C. Gitlin

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile

  None6   None6  Over $100,000 Over $100,000 N/A N/A

 

3-24


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
  Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
  Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

TEBF

                

Independent Trustees1

                

William H. Baribault

  $9,226   $389,099  None Over $100,000 N/A Over $100,000

James G. Ellis

  9,179   392,438  $10,001 - $50,000 Over $100,000 N/A N/A

Nariman Farvardin4

  N/A   187,500  None Over $100,000 NA Over $100,000

Leonard R. Fuller8

  8,882   385,600  None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

  400   174,959  $50,001 - $100,000 Over $100,000 N/A N/A

R. Clark Hooper

  10,699   493,687  $10,001 - $50,000 Over $100,000 N/A Over $100,000

Merit E. Janow

  8,704   407,599  None Over $100,000 N/A N/A

Laurel B. Mitchell

  11,978   300,662  $1 - $10,000 Over $100,000 N/A Over $100,000

Frank M. Sanchez9

  10,802   272,162  None $1 - $10,000 N/A N/A

Margaret Spellings

  7,552   428,212  None Over $100,000 N/A Over $100,000

Alexandra Trower4,7

  N/A   N/A  None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

                

Michael C. Gitlin

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile

  None6   None6  Over $100,000 Over $100,000 N/A N/A

TEFCA

                

Independent Trustees1

                

William H. Baribault

  $1,388   $389,099  None Over $100,000 N/A Over $100,000

James G. Ellis

  1,381   392,438  None Over $100,000 N/A N/A

Nariman Farvardin4

  N/A   187,500  None Over $100,000 NA Over $100,000

Leonard R. Fuller8

  1,336   385,600  None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

  58   174,959  None Over $100,000 N/A N/A

R. Clark Hooper

  1,614   493,687  None Over $100,000 N/A Over $100,000

Merit E. Janow

  $1,310   407,599  None Over $100,000 N/A N/A

 

3-25


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
  Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
  Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Laurel B. Mitchell

  1,802   300,662  $1 - $10,000 Over $100,000 N/A Over $100,000

Frank M. Sanchez9

  1,622   272,162  None $1 - $10,000 N/A N/A

Margaret Spellings

  1,137   428,212  None Over $100,000 N/A Over $100,000

Alexandra Trower4,7

  N/A   N/A  None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

                

Michael C. Gitlin

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile

  None6   None6  Over $100,000 Over $100,000 N/A N/A

TEFNY

                

Independent Trustees1

                

William H. Baribault

  $138   $389,099  None Over $100,000 N/A Over $100,000

James G. Ellis

  137   392,438  None Over $100,000 N/A N/A

Nariman Farvardin4

  N/A   187,500  None Over $100,000 NA Over $100,000

Leonard R. Fuller8

  133   385,600  None $10,001 - $50,000 N/A Over $100,000

Mary Davis Holt

  6   174,959  None Over $100,000 N/A N/A

R. Clark Hooper

  160   493,687  None Over $100,000 N/A Over $100,000

Merit E. Janow

  130   407,599  None Over $100,000 N/A N/A

Laurel B. Mitchell

  179   300,662  None Over $100,000 N/A Over $100,000

Frank M. Sanchez9

  162   272,162  None $1 - $10,000 N/A N/A

Margaret Spellings

  113   428,212  None Over $100,000 N/A Over $100,000

Alexandra Trower4

  N/A   N/A  $10,000 - $50,000 $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

                

Michael C. Gitlin

  None6   None6  None Over $100,000 N/A N/A

Karl J. Zeile

  None6   None6  None Over $100,000 N/A N/A

 

3-26


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
  Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
  Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

WBF

                

Independent Trustees1

                

William H. Baribault

  $8,410   $385,500  None Over $100,000 N/A Over $100,000

James G. Ellis

  8,366   392,000  $10,001 - $50,000 Over $100,000 N/A N/A

Nariman Farvardin4

  N/A   187,500  None Over $100,000 NA Over $100,000

Leonard R. Fuller8

  8,094   382,000  None $10,001 - $50,000 $10,001 - $50,000 Over $100,000

Mary Davis Holt

  4,608   264,834  None Over $100,000 N/A N/A

R. Clark Hooper

  9,666   463,800  $10,001 - $50,000 Over $100,000 N/A Over $100,000

Merit E. Janow

  8,040   364,000  None Over $100,000 N/A N/A

Laurel B. Mitchell

  11,046   294,500  $10, 001 - $50,000 Over $100,000 $10,001 - $50,000 Over $100,000

Frank M. Sanchez9

  10,567   283,500  None $1 - $10,000 N/A N/A

Margaret Spellings

  6,798   438,400  None Over $100,000 $50,001 - $100,000 Over $100,000

Alexandra Trower4,7

  N/A   N/A  None $10,000 - $50,000 N/A $50,000 - $100,000

Interested Trustees5

                

Michael C. Gitlin

  None6   None6  Over $100,000 Over $100,000 N/A N/A

John H. Smet10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Karl J. Zeile7

  None6   None6  $50,000 - $100,000 Over $100,000 N/A N/A

WGI

                

Independent Trustees1

                

Joseph C. Berenato

  $52,114   $369,525  Over $100,000 Over $100,000 N/A N/A

Mary Anne Dolan

  42,519   428,125  $50,001 - $100,000 Over $100,000 N/A N/A

John G. Freund

  40,698   265,687  None None Over $100,000 Over $100,000

Pedro J. Greer, Jr.

  58,792   176,375  None None $50,0001 - $100,000 Over $100,000

R. Clark Hooper

  41,686   485,562  $10,001 - $50,000 Over $100,000 N/A Over $100,000

Merit E. Janow

  57,489   402,381  Over $100,000 Over $100,000 N/A N/A

 

3-27


Table of Contents
Name Aggregate
compensation
from Fund
(inc. voluntarily
deferred
compensation2)
  Total compensation
from all Funds
(inc. voluntarily
deferred
compensation2)
  Dollar range3
of Fund  shares
owned
 Aggregate dollar
range3 of shares
owned in  all
overseen Funds
 Dollar range3
of deferred
compensation2
allocated to
Fund
 Aggregate dollar
range3  of
deferred
compensation2
allocated to all
overseen Funds

Leonade D. Jones

  39,366   393,375  Over $100,000 Over $100,000 Over $100,000 Over $100,000

Earl Lewis, Jr.

  38,000   114,000  $10,001 - $50,000 $10,001 - $50,000 N/A $50,001 - $100,000

Christopher E. Stone

  47,094   270,938  Over $100,000 Over $100,000 N/A N/A

Interested Trustees5

                

Mark E. Denning10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Winnie Kwan7

  None6   None6  None Over $100,000 N/A N/A

Sung Lee7

  None6   None6  Over $100,000 Over $100,000 N/A N/A

WMIF

                

Independent Trustees1

                

Gina F. Adams4,7

  N/A   N/A  $10,001 - $50,000 $10,001 - $50,000 N/A N/A

Charles E. Andrews

  $188,750   $188,750  Over $100,000 Over $100,000 N/A N/A

Nariman Farvardin

  169,300   223,925  Over $100,000 Over $100,000 Over $100,000 Over $100,000

Mary Davis Holt

  119,280   301,259  $50,001 - $100,0000 Over $100,000 N/A N/A

R. Clark Hooper

  89,833   464,644  $50,001 - $100,000 Over $100,000 Over $100,000 Over $100,000

Laurel B. Mitchell4,7

  N/A   297,250  $50, 001 - $100,000 Over $100,000 N/A Over $100,000

Donald L. Nickles

  179,250   179,250  Over $100,000 Over $100,000 Over $100,000 Over $100,000

John Knox Singleton

  229,750   229,750  None None Over $100,000 Over $100,000

Margaret Spellings

  85,250   439,194  $10,001 - $50,000 Over $100,000 Over $100,000 Over $100,000

Lydia Waters Thomas

  185,625   185,625  Over $100,000 Over $100,000 N/A N/A

Interested Trustees5

                

Alan N. Berro

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Paul F. Roye10

  None6   None6  Over $100,000 Over $100,000 N/A N/A

Eric H. Stern7

  None6   None6  Over $100,000 Over $100,000 N/A N/A

 

3-28


Table of Contents
1 

An independent director/trustee refers to a director/trustee who is not an “interested person” of the Fund within the meaning of the 1940 Act.

2 

Amounts may be deferred by eligible directors/trustees under a nonqualified deferred compensation plan adopted by the Funds. Deferred amounts accumulate at an earnings rate determined by the total return of one or more Funds as designated by the directors/trustees. Compensation shown in this table for the most recent fiscal year does not include earnings on amounts deferred in previous fiscal years.

3 

Ownership disclosure is made using the following ranges: None; $1 - $10,000; $10,001 -$50,000; $50,001 - $100,000 and Over $100,000. The amounts listed for interested directors/trustees include shares owned through the CGC retirement plan and 401(k) plan.

4 

Nominee who was not an independent director/trustee of the Fund at the close of the most recent fiscal year end period; therefore, the nominee did not receive any compensation from the Fund during its most recent fiscal year.

5 

An interested director/trustee refers to a director/trustee who is an “interested person” of the Fund within the meaning of the 1940 Act on the basis of their affiliation with CRMC or affiliated entities.

6 

No compensation is paid by the Fund to any director/trustee who is affiliated with CRMC.

7 

Nominee who is not currently a director/trustee of the Fund.

8

Mr. Fuller plans to retire from the Boards of AFCTD, AFTD, AFPS, AFRIS, AMF, AMCAP, Fixed Income Funds, GBAL and ICA at the end of 2018. He will remain on the Boards until his retirement (or, if later, until his successor is elected and qualified) but will not stand for election at the Shareholder Meetings.

9

Mr. Sanchez plans to retire from the Boards of AFCTD, AFTD, AFPS, AFRIS and Fixed Income Funds at the end of 2018. He will remain on the Boards until his retirement (or, if later, until his successor is elected and qualified) but will not stand for election at the Shareholder Meetings.

10

Interested director/trustee who plans to resign from the Board(s) on which he or she serves at the end of 2018 and, accordingly, will not stand for election at the Shareholder Meetings.

11 

As of August 15, 2018.

 

3-29


Table of Contents

APPENDIX 4

Executive Officers

Following are the executive officers of each Fund. Each officer listed was appointed and each will hold office until his or her resignation, removal or retirement, or until a successor is duly elected and qualified.

 

Name and

Year of Birth

 Principal occupation(s) during past five
years and positions held with affiliated
entities or the Principal Underwriter of
the Fund
 Current position with Fund (year first appointed)
 President Executive Vice
President
 Senior Vice
President
 Treasurer Secretary

Julian N. Abdey

1972

 Partner and Portfolio Manager – CII, CRMC SCWF (2014)        

Hilda L. Applbaum

1961

 Partner – CWI, CRMC IFA (1998)   AMBAL (1999)    

Timothy D. Armour

1960

 Chairman of the Board, CRMC; Partner – CWI, CRMC; Chairman of the Board and CEO, CGC1 NEF (1991)        

Brad A. Barrett

1977

 Partner – CRGI, CRMC     GFA (2010)    

L. Alfonso Barroso

1971

 Partner – CRGI, CRC1     WGI (2010)    

Paul R. Benjamin

1979

 Partner – CWI, CRMC     AMBAL (2014)    

Alan N. Berro

1960

 Partner – CWI, CRMC; Director, CRMC WMIF (2012)   

AFCTD (2012)

AFPS (2012)

AFRIS (2015)

AFTD (2007)

    

David J. Betanzos

1974

 Partner – CFII, CRMC AFMF (2014)   

BFA (2016)

GVT (2015)

IBFA (2018)

    

 

4-1


Table of Contents

Name and

Year of Birth

 Principal occupation(s) during past five
years and positions held with affiliated
entities or the Principal Underwriter of
the Fund
 Current position with Fund (year first appointed)
 President Executive Vice
President
 Senior Vice
President
 Treasurer Secretary

Mark A. Brett

1958

 Partner – CFII, CB&T1; Partner – CFII, Capital International Limited (CIL)1; Senior Vice President, CIL1; Senior Vice President, Capital International Sàrl1; Director, CSR1 IBFA (2010)   WBF (2016)    

Christopher D. Buchbinder

1971

 Partner – CRGI, CRMC GFA (2015)   ICA (2010)    

Brian D. Bullard

1969

 Senior Vice President – Investment Operations, CRMC     Various2    

Walter R. Burkley

1966

 Senior Vice President and Senior Counsel – Fund Business Management Group, CRMC; Director, CRC1   

AFCTD (2012)

AFPS (2012)

AFRIS (2015)

AFTD (2018)

EUPAC (2012)

NPF (2012)

NWF (2012)

      

Jennifer L. Butler

1966

 Assistant Vice President – Fund Business Management Group, CRMC         WMIF (2005)

Mark L. Casey

1970

 Partner, CII, CRMC FI (2008)        

Noriko H. Chen

1967

 Partner – CII, CRMC; Director, CGC1     

DWGI (2013)

NPF (2015)

    

 

4-2


Table of Contents

Name and

Year of Birth

 Principal occupation(s) during past five
years and positions held with affiliated
entities or the Principal Underwriter of
the Fund
 Current position with Fund (year first appointed)
 President Executive Vice
President
 Senior Vice
President
 Treasurer Secretary

Michael Cohen

1961

 Director – CRMC; Chairman of the Board and Senior Vice President – CIL1; Partner – CWI, CB&T1; Partner – CWI, CRC1     WGI (2008-2009; 2014)    

Barry S. Crosthwaite

1958

 Partner – CII, CRMC AMCAP (2006)        

David A. Daigle

1967

 Partner – CFII, CRMC; Partner – CFII, CB&T1 AHIT (2008)   WBF (2015)    

Mark E. Denning

1957

 Partner – CWI, CRC1; Partner – CWI, CIInc.1; Director, CRMC WGI (1993)   

EUPAC (1994)

NEF (2006)

NWF (1999)

    

Brady L. Enright

1967

 Partner – CWI, CRMC; Director, CGC1 

FI (2015)

SCWF (2004)

        

J. Blair Frank

1966

 Partner – CRGI, CRMC     SCWF (1999)    

Joyce E. Gordon

1956

 Partner – CRGI, CRMC; Director, CRMC AMF (1996-2001; 2005)   

CIB (1996)

ICA (1998)

    

Nicholas J. Grace

1966

 Partner – CRGI, CRC1; Director, CGC1 NWF (2008)        

David A. Hoag

1965

 Partner – CFII, CRMC; Partner – CFII, CB&T1; Director, CGC1 

CIB (2006)

ILBF (2012)

SBF (2015)

   BFA (2015)    

Thomas H. Høgh

1963

 Partner – CFII, CRC1 WBF (2001)        

 

4-3


Table of Contents

Name and

Year of Birth

 Principal occupation(s) during past five
years and positions held with affiliated
entities or the Principal Underwriter of
the Fund
 Current position with Fund (year first appointed)
 President Executive Vice
President
 Senior Vice
President
 Treasurer Secretary

Claudia P. Huntington

1952

 Partner – CRGI, CRMC; Director, CGC1 NEF (1996)   AMCAP (1992)    

Brian C. Janssen

1972

 Vice President – Investment Operations, CRMC       Various3  

Gregory D. Johnson

1963

 Partner – CWI, CRMC; Director, CRMC AMBAL (2003)        

Joanna F. Jonsson

1963

 Partner – CWI, CRMC; Partner – CWI, CB&T1; Director, CRMC NPF (2008)   

AFCTD (2014)

AFPS (2014)

AFRIS (2015)

AFTD (2014)

    

Carl M. Kawaja

1964

 Partner – CWI, CRMC; Director, CGC1 

EUPAC (2003)

NWF (1999-2016; 2018)

        

Michael T. Kerr

1959

 Partner – CII, CRMC GFA (1998)   FI (1995)    

Jonathan Knowles, PhD

1961

 Partner – CWI, CIInc.1; Director, CGC1 SCWF (2000)   EUPAC (2012)    

Steven I. Koszalka

1964

 Vice President – Fund Business Management Group, CRMC         Various4

Winnie Kwan

1972

 Partner – CRGI, CIInc.1     CIB (2017)    

Harold H. La

1970

 Partner – CRGI, CIInc.1     NEF (2006)    

 

4-4


Table of Contents

Name and

Year of Birth

 Principal occupation(s) during past five
years and positions held with affiliated
entities or the Principal Underwriter of
the Fund
 Current position with Fund (year first appointed)
 President Executive Vice
President
 Senior Vice
President
 Treasurer Secretary

Jeffrey T. Lager

1968

 Partner – CII, CRMC AMBAL (2002)   WMIF (2014)    

Neil L. Langberg

1953

 Partner – CFII, CRMC 

LTEX (1993)

STEX (1989)

TEFCA (1986)

   

AHIM (1994)

TEBF (1985)

    

Hong Le

1978

 Assistant Vice President – Investment Operations, CRMC; Assistant Vice President, CB&T1       

AMBAL (2016)

DWGI (2016)

IFA (2016)

IGI (2016)

  

David S. Lee

1972

 Partner – CFII, CRMC; Partner – CFII, CB&T1 CBF (2015)   

BFA (2017)

IBFA (2015)

    

Sung Lee

1966

 Partner – CRGI, CIInc.1 WGI (2008)   EUPAC (2003)    

James B. Lovelace5

1956

 Partner – CRGI, CRMC; Director, CRMC 

CIB (1992)

ICA (1994)

   

AFCTD (2012)

AFPS (2012)

AFRIS (2015)

AFTD (2007)

AMF (2006)

    

Robert W. Lovelace5

1962

 President and Director, CRMC; Partner – CII, CRMC; Vice Chairman of the Board, CGC1; Director, CGPM1 

NPF (2001)

NWF (1999)

        

 

4-5


Table of Contents

Name and

Year of Birth

 Principal occupation(s) during past five
years and positions held with affiliated
entities or the Principal Underwriter of
the Fund
 Current position with Fund (year first appointed)
 President Executive Vice
President
 Senior Vice
President
 Treasurer Secretary

Fergus N. MacDonald

1969

 Partner – CFII, CRMC GVT (2011)   

AFMF (2010)

BFA (2015)

IBFA (2015)

    

James R. Mulally

1952

 Partner – CFII, CRMC     AMBAL (2009)    

Laurie D. Neat

1971

 Vice President – Fund Business Management Group, CRMC; Vice President, CGTC1; Vice President and Trust Officer, CB&T1; Vice President, CIInc.1         

AMCAP (2016)

AMF (2016)

GBAL (2016)

ICA (2016)

Robert H. Neithart

1965

 Partner – CFII, CRMC; Partner – CFII, CB&T1; Chairman of the Board, CSR1 EMBF (2015)   

BFA (2011)

WBF (2011)

    

Gregory F. Niland

1971

 Vice President – Investment Operations, CRMC       Various6  

Kristine M. Nishiyama

1970

 Senior Vice President and Senior Counsel, Fund Business Management Group – CRMC; Chair, Senior Vice President and General Counsel – CB&T1 MMF (2009) Various7      

Donald D. O’Neal

1960

 Partner – CII, CRMC; Director, CRMC 

GFA (1995)

ICA (1994)

        

Dina N. Perry

1945

 Partner – CWI, CRMC     

FI (1994)

IFA (1994)

    

Anne-Marie Peterson

1972

 Partner – CWI, CRMC; Director, CGC1 GFA (2016)        

 

4-6


Table of Contents

Name and

Year of Birth

 Principal occupation(s) during past five
years and positions held with affiliated
entities or the Principal Underwriter of
the Fund
 Current position with Fund (year first appointed)
 President Executive Vice
President
 Senior Vice
President
 Treasurer Secretary

Wesley Phoa

1966

 Partner – CFII, CRMC; Partner – CFII, CB&T1 AFCTD (2012)   

AFPS (2012)

AFRIS (2015)

AFTD (2012)

    

Herbert Y. Poon

1973

 Senior Vice President and Senior Counsel – Fund Business Management Group, CRMC   

AMCAP (2012)

AMF (2012)

GBAL (2012)

ICA (2012)

      

John R. Queen

1965

 Partner – CFII, CRMC; Senior Vice President – Private Client Services Division, CB&T1 STBF (2011)   AMBAL (2018)  �� 

Chad M. Rach

1972

 Partner – CFII, CRMC AHIM (2015)   TEBF (2016)    

Eric S. Richter

1960

 Partner – CRGI, CRMC GBAL (2010)   AMCAP (2008)    

David M. Riley

1967

 Partner – CRGI, CRMC; Director, CGC1     

CIB (2006)

GBAL (2010)

    

William L. Robbins

1968

 Partner, CII, CRMC AMF (2004)        

Donald H. Rolfe

1972

 Senior Vice President and Senior Counsel – Fund Business Management Group, CRMC   

AMBAL (2012)

DWGI (2013)

IFA (2012)

IGI (2012)

CIB (2008)

NEF (2010)

WGI (2008)

      

 

4-7


Table of Contents

Name and

Year of Birth

 Principal occupation(s) during past five
years and positions held with affiliated
entities or the Principal Underwriter of
the Fund
 Current position with Fund (year first appointed)
 President Executive Vice
President
 Senior Vice
President
 Treasurer Secretary

Martin Romo

1967

 Partner – CRGI, CRMC; President and Director, CRC1; Director, CGC1     

GFA (2010)

ICA (2018)

    

Paul F. Roye

1953

 Senior Vice President and Senior Counsel – Fund Business Management Group, CRMC; Director, CRMC   

FI (2012)

GFA (2012)

SCWF (2007)

WMIF (2012)

 

AMBAL (2007)

ICA (2008)

IFA (2007)

    

John H. Smet

1956

 Partner – CFII, CRMC; Director, CRMC BFA (1994)   

AFCTD (2012)

AFPS (2012)

AFRIS (2015)

AFTD (2007)

AMBAL (2000)

    

Jerome H. Solomon

1963

 Partner – CFII, CRMC TEFNY (2011)   AHIM (2017)    

Jessica Chase Spaly

1977

 Partner – CRGI, CRMC; Director, CGC1     AMCAP (2015)    

Kirstie Spence

1973

 Partner, CFII, CIL1; Director, CRC1; Vice President and Director, CIL1     EMBF (2015)    

Eric H. Stern

1964

 Partner – CII, CRMC; Partner – CII, CGTC1; Partner – CII, CB&T1 WMIF (2014)        

Michael W. Stockton

1967

 Vice President – Fund Business Management Group, CRMC     WMIF (1995)   Various8

Andrew B. Suzman

1967

 Partner – CWI, CRMC 

AFPS (2012)

AFRIS (2015)

IFA (2004)

IGI (2008)

   

AFCTD (2012)

AFTD (2012)

    

 

4-8


Table of Contents

Name and

Year of Birth

 Principal occupation(s) during past five
years and positions held with affiliated
entities or the Principal Underwriter of
the Fund
 Current position with Fund (year first appointed)
 President Executive Vice
President
 Senior Vice
President
 Treasurer Secretary

Scott T. Sykes

1971

 Partner – CFII, CRMC     CBF (2017)    

F. Chapman Taylor

1959

 Partner – CII, CRMC     DWGI (2013)    

James Terrile

1965

 Partner – CRGI, CRMC; Director CGC1; Director, CSR1 AMCAP (2006)   AMF (2007)    

Christopher Thomsen

1970

 Partner – CRGI, CRC1 EUPAC (2015)        

Tara L. Torrens

1979

 Partner – CFII, CRMC; Director, CRMC     AHIT (2016)    

Bradley J. Vogt

1965

 Chairman of the Board, CRC1; Partner – CRGI, CRMC; Director, CGC1 AFTD (2012)   

AFCTD (2012)

AFPS (2012)

AFRIS (2015)

CIB (2010)

    

Shaw B. Wagener

1959

 Chairman of the Board, Capital Group International, Inc.1; Chairman of the Board, CIInc.1; Director, CGPM1; Partner – CII, CRMC DWGI (2013)        

Steven T. Watson

1955

 Partner – CII, CIInc.1 

CIB (2017)

IGI (2008)

        

Gregory W. Wendt

1961

 Partner – CRGI, CRMC SCWF (1992) AFCTD (2012)      

Richmond A. Wolf

1970

 Partner – CWI, CRMC     AMBAL (2014)    

Dylan Yolles

1969

 Partner – CII, CRMC     AMF (2015)    

 

4-9


Table of Contents

Name and

Year of Birth

 Principal occupation(s) during past five
years and positions held with affiliated
entities or the Principal Underwriter of
the Fund
 Current position with Fund (year first appointed)
 President Executive Vice
President
 Senior Vice
President
 Treasurer Secretary

Karl J. Zeile

1966

 Partner – CFII, CRMC; Director, CGC1 TEBF (2009)   

AHIM (2008)

LTEX (2004)

TEFCA (2009)

TEFNY (2010)

    

 

1 

Company affiliated with CRMC.

2 

Mr. Bullard is a treasurer of the following funds: AMCAP (2015-2016, 2016), AMF (2015-2016, 2016), FI (2016), GBAL (2015-2016, 2016), GFA (2016), ICA (2008-2016; 2016) and SCWF (2016).

3 

Mr. Janssen is a treasurer of the following funds: AFMF (2012), AHIM (2015), AHIT (2012), BFA (2011), CBF (2012), EMBF (2015), EUPAC (2010), GVT (2015), IBFA (2015), ILBF (2012), LTEX (2015), MMF (2011), NPF (2010), NWF (2010), SBF (2015), STBF (2015), STEX (2015), TEBF (2012), TEFCA (2012), TEFNY (2012), WBF (2012) and WMIF (2016).

4 

Mr. Koszalka is a secretary of the following funds: AFCTD (2012), AFPS (2012), AFRIS (2015), AFTD (2006), AFMF (2010), AHIM (2010), AHIT (2010), BFA (2010), CBF (2012), EMBF (2015), GVT (2010), IBFA (2010), ILBF (2012), LTEX (2010), MMF (2010), SBF (2015), STBF (2010), STEX (2010), TEBF (2010), TEFCA (2010), TEFNY (2010), and WBF (2010).

5 

James B. Lovelace and Robert W. Lovelace are brothers.

6 

Mr. Niland is a treasurer of the following funds: AFCTD (2012), AFPS (2012), AFRIS (2015), AFTD (2007), CIB (2016), NEF (2016) and WGI (2016).

7 

Ms. Nishiyama is an executive vice president of the following funds: AFMF (2010), AHIM (2003), AHIT (2003), BFA (2003), CBF (2012), EMBF (2015), GVT (2003), IBFA (2003), ILBF (2012), LTEX (2003), SBF (2015), STBF (2006), STEX (2003), TEBF (2003), TEFCA (2003), TEFNY (2010) and WBF (2003).

8 

Mr. Stockton is a secretary of the following funds: AMBAL (2014), CIB (2013), DWGI (2014), EUPAC (2013), FI (2014), GFA (2014), IFA (2014), IGI (2014), NEF (2013), NPF (2013), NWF (2013), SCWF (2014) and WGI (2013).

 

4-10


Table of Contents

APPENDIX 5

Total Shares Outstanding

(as of June 30, 2018)

 

Fund All share classes   Fund All share classes

AFCTD

 691,288,457  IBFA 1,318,540,233

AFMF

 469,134,303  ICA 2,342,712,001

AFPS

 2,366,230,781  IFA 4,736,185,896

AFRIS

 180,210,406  IGI 428,614,234

AFTD

 7,130,488,509  ILBF 463,472,098

AHIM

 407,598,956  LTEX 255,668,847

AHIT

 1,591,211,252  MMF 15,819,828,967

AMBAL

 4,762,782,342  NEF 436,484,939

AMCAP

 1,971,268,845  NPF 1,824,300,575

AMF

 1,218,943,021  NWF 556,468,319

BFA

 3,023,274,878  SBF 60,335,644

CBF

 51,338,491  SCWF 720,841,312

CIB

 1,742,647,834  STBF 612,400,969

DWGI

 296,840,054  STEX 97,633,858

EMBF

 76,215,001  TEBF 1,475,286,356

EUPAC

 3,070,233,742  TEFCA 128,716,675

FI

 1,563,628,472  TEFNY 22,754,179

GBAL

 520,961,850  WBF 679,856,348

GFA

 3,546,324,130  WGI 1,939,193,748

GVT

 881,255,377  WMIF 2,335,475,261

 

5-1


Table of Contents

APPENDIX 6

Principal Beneficial Holders

(as of June 30, 2018)

 

    AFMF  AFTD 2020  CBF  AFCTD 2036  CIB  DWGI 
                                       
Name and Address Class Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
 
                                       

Hancheck Family Dentistry 401K Plan

Individual Investor

Morgantown WV

 R-2  22,428   6.81   -   -   -   -   -   -   -   -   -   - 
             

401K Plan #1

Individual Investor

University Place WA

 R-5  7,984   6.45   -   -   13,077   18.50   -   -   -   -   -   - 
             

401K Plan #2

Individual Investor

Tacoma WA

 R-5  7,700   6.22   -   -   12,726   18.00   -   -   -   -   -   - 
             

401K Plan #3

Individual Investor

Gadsden AL

 R-5  6,471   5.22   -   -   -   -   -   -   -   -   -   - 
             

Delaware Bankers Association 401K

Individual Investor #1

Alloway NJ

 R-5E  3,874   54.73   -   -   -   -   -   -   -   -   -   - 
             

Delaware Bankers Association 401K

Individual Investor #2

Harrington DE

 R-5E  1,682   23.77   -   -   -   -   -   -   -   -   -   - 
             

Jackson Pathology Association

Profit Sharing Plan

Individual Investor

Dexter MI

 R-1  -   -   83,650   5.97   -   -   -   -   -   -   -   - 
             

 

6-1


Table of Contents
     AFMF  AFTD 2020  CBF  AFCTD 2036  CIB  DWGI 
                                        
Name and Address Class  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
 
                                        

VCSP/CollegeAmerica

Individual Investor #1

Horseheads NY

  529-E   -   -   -   -   4,966   5.40   -   -   -   -   -   - 
             

VCSP/CollegeAmerica

Individual Investor #2

Northbrook IL

  529-F-1   -   -   -   -   14,239   5.67   -   -   -   -   -   - 
             

Iowa Business Growth Co

401K Plan

Individual Investor

Johnston IA

  R-1   -   -   -   -   10,165   38.14   -   -   -   -   -   - 
             

Capital Research & Management Company

  R-1   -   -   -   -   2,365   8.87   -   -   -   -   -   - 

Corporate Account

  R-2E   979   9.20   -   -   2,365   7.43   -   -   -   -   -   - 

Los Angeles CA

  R-5E   975   13.78   -   -   2,365   10.48   -   -   -   -   -   - 
             

CB&T Custodian

Edwin Fair Community

Mental Health Center Inc 403B Plan

Greenwood Village Co

  R-2E   -   -   -   -   6,004   18.87   -   -   -   -   -   - 
             

Profit Sharing Plan

Individual Investor

Slidell LA

  R-4   -   -   -   -   42,847   24.09   -   -   -   -   -   - 
             

Plastic Surgeons of Lex PLLC 401K

Individual Investor

Lexington KY

  R-4   -   -   -   -   27,489   15.46   -   -   -   -   -   - 
             

Piedmont Eye Center Inc 401K PSP&T

  R-5   -   -   -   -   11,355   16.06   -   -   -   -   -   - 

Individual Investor #1

             

Lynchburg VA

             
             

Piedmont Eye Center Inc 401K PSP&T

  R-5   -   -   -   -   5,199   7.35   -   -   -   -   -   - 

Individual Investor #2

             

Amherst VA

             
             

 

6-2


Table of Contents
     AFMF  AFTD 2020  CBF  AFCTD 2036  CIB  DWGI 
                                        
Name and Address Class  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
 
                                        

Willapa Harbor Hospital

  R-5E   -   -   -   -   11,333   50.22   -   -   -   -   -   - 

Retirment Plan

             

Individual Investor #1

             

Raymond WA

             
             

Willapa Harbor Hospital

  R-5E   -   -   -   -   2,524   11.18   -   -   -   -   -   - 

Retirment Plan

             

Individual Investor #2

             

Raymond WA

             
             

Willapa Harbor Hospital

  R-5E   -   -   -   -   2,331   10.33   -   -   -   -   -   - 

Retirment Plan

             

Individual Investor #3

             

Raymond WA

             
             

Willapa Harbor Hospital

  R-5E   -   -   -   -   1,370   6.07   -   -   -   -   -   - 

Retirment Plan

             

Individual Investor #4

             

Raymond WA

             
             

VCSP/CollegeAmerica

  529-E   -   -   -   -   -   -   19,452   13.88   -   -   -   - 

Individual Investor #3

             

Greenville NC

             
             

VCSP/CollegeAmerica

  529-E   -   -   -   -   -   -   16,210   11.56   -   -   -   - 

Individual Investor #4

             

Greenville NC

             
             

VCSP/CollegeAmerica

  529-E   -   -   -   -   -   -   12,503   8.92   -   -   -   - 

Individual Investor #5

             

Richmond VA

  ��          
             

VCSP/CollegeAmerica

  529-E   -   -   -   -   -   -   10,676   7.62   -   -   -   - 

Individual Investor #6

             

Greenville NC

             
             

VCSP/CollegeAmerica

  529-E   -   -   -   -   -   -   9,639   6.88   -   -   -   - 

Individual Investor #7

             

S Portland ME

             
             

 

6-3


Table of Contents
     AFMF  AFTD 2020  CBF  AFCTD 2036  CIB  DWGI 
                                        
Name and Address Class  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
 
                                        

VCSP/CollegeAmerica

  529-F-1   -   -   -   -   -   -   24,630   11.82   -   -   -   - 

Individual Investor #8

             

Longmeadow MA

             
             

VCSP/CollegeAmerica

  529-F-1   -   -   -   -   -   -   14,059   6.75   -   -   -   - 

Individual Investor #9

             

Indianapolis IN

             
             

National Financial Services LLC

  R-5   -   -   -   -   -   -   -   -   336,679   8.51   -   - 

Individual Investor

             

Jersey City NJ

             
             

Neurologic Associates Of

  R-1   -   -   -   -   -   -   -   -   -   -   12,413   9.52 

Central Brevard Inc

             

Profit Sharing Plan

             

Individual Investor

             

Merritt IS FL

             
             

Profit Sharing Plan #1

  R-5E   -   -   -   -   -   -   -   -   -   -   14,942   38.39 

Individual Investor

             

Collingswood NJ

             
             

Lifepoint Financial Solutions 401K

Individual Investor

Miamisburg OH

  R-5E   -   -   -   -   -   -   -   -   -   -   3,426   8.81 
             

Auto Park Truck 401K

Individual Investor

Kuna ID

  R-5E   -   -   -   -  ��-   -   -   -   -   -   2,839   7.30 
             

Profit Sharing Plan #2

Individual Investor

Bellmawr NJ

  R-5E   -   -   -   -   -   -   -   -   -   -   1,991   5.12 
             

CT Pest Elimination 401K Plan

Individual Investor

West Haven CT

  R-5E   -   -   -   -   -   -   -   -   -   -   1,954   5.02 
             

 

6-4


Table of Contents
    EMBF  GBAL  GVT  IBFA  IFA  IGI 
                                       
Name and Address Class Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
 
                                       

Capital Research & Management Company

Corporate Account

Los Angeles CA

 A
529-E
R-1

R-5

R-5E

  



4,393,661
2,723
2,453
2,453
2,453
 
 
 
 
 
  



14.24
6.43
20.67
6.61
73.09
 
 
 
 
 
  -   -   -   -   -   -   -   -   -   - 
             

VCSP/CollegeAmerica

Individual Investor #1

Lewisville TX

 529-E  18,640   43.98   -   -   -   -   -   -   -   -   -   - 
             

Copeland Surveying Inc

Profit Sharing Plan

Individual Investor

Medford NJ

 R-1  2,422   20.42   -   -   -   -   -   -   -   -   -   - 
             

Bird-B-Gone 401K PSP

Individual Investor #1

Laguna Beach CA

 R-3  12,881   9.42   -   -   -   -   -   -   -   -   -   - 
             

Ocean Machinery

Retirement Plan

Individual Investor

Fort Lauderdale FL

 R-3  12,814   9.37   -   -   -   -   -   -   -   -   -   - 
             

Bird-B-Gone 401K PSP

Individual Investor #2

Laguna Beach CA

 R-3  11,755   8.59   -   -   -   -   -   -   -   -   -   - 
             

Ginsburg Financial Advisors 401(K)

Individual Investor

Oakland CA

 R-4  12,606   14.85   -   -   -   -   -   -   -   -   -   - 
             

Acci 401K PSP

Individual Investor

Berkeley CA

 R-4  9,731   11.46   -   -   -   -   -   -   -   -   -   - 
             

Weber Murphy Fox 401K Retirement

Individual Investor

North East PA

 R-4  5,586   6.58   -   -   -   -   -   -   -   -   -   - 
             

 

6-5


Table of Contents
     EMBF  GBAL  GVT  IBFA  IFA  IGI 
                                        
Name and Address Class  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
 
                                        

Snyder Fuel Service Inc 401(K) Plan

  R-4   4,964   5.85   -   -   -   -   -   -   -   -   -   - 

Individual Investor

             

Newport NY

             
             

Solano Sports PT Inc 401K PSP

  R-4   4,720   5.56   -   -   -   -   -   -   -   -   -   - 

Individual Investor

             

Vacaville CA

             
             

Dunham Enterprises 401K

  R-5   12,919   34.82   -   -   -   -   -   -   -   -   -   - 

Individual Investor #1

             

Poland OH

             
             

Dunham Enterprises 401K

  R-5   10,498   28.29   -   -   -   -   -   -   -   -   -   - 

Individual Investor #2

             

Poland OH

             
             

401K Plan #1

  R-5   7,276   19.61   -   -   -   -   -   -   -   -   -   - 

Individual Investor

             

Cleveland OH

             
             

R.B. Smith Company Assoc. Inc.

  R-5   2,487   6.71   -   -   -   -   -   -   -   -   -   - 

Retirement Plan

             

Individual Investor

             

Valparaiso IN

             
             

O’Connor Law Group P C 401K PSP

  R-5E   323   9.64   -   -   -   -   -   -   -   -   -   - 

Individual Investor

             

Laguna Beach CA

             
             

Korean Health ED Info Ref Cntr 403B

  R-5E   188   5.62   -   -   -   -   -   -   -   -   -   - 

Individual Investor

             

Los Angeles CA

             
             

The Financial SVCS Network 401K

  R-5E   185   5.54   -   -   -   -   -   -   -   -   -   - 

Individual Investor

             

Carmichael CA

             
             

Sole Proprietor 401K PSP

  R-5E   -   -   3,591   23.10   -   -   -   -   -   -   -   - 

Individual Investor

             

Orinda CA

             
             

CT Pest Elimination 401K Plan

  R-5E   -   -   1,257   8.09   -   -   -   -   -   -   -   - 

Individual Investor #1

             

West Haven CT

             
             

 

6-6


Table of Contents
     EMBF  GBAL  GVT  IBFA  IFA  IGI 
                                        
Name and Address Class  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
 
                                        

Roberts & Durkee PA 401K Plan

  R-5E   -   -   1,256   8.08   -   -   -   -   -   -   -   - 

Individual Investor

             

Coral Gables FL

             
             

CT Pest Elimination 401K Plan

  R-5E   -   -   1,191   7.66   -   -   -   -   -   -   -   - 

Individual Investor #2

             

West Haven CT

             
             

Watermark Financial Serv Inc 401K

  R-5E   -   -   982   6.32   -   -   -   -   -   -   -   - 

Individual Investor

             

Hilbert WI

             
             

Aftermarket Specialty 401K Plan

  R-5E   -   -   884   5.69   -   -   -   -   -   -   -   - 

Individual Investor

             

Cheshire CT

             
             

Proto & Loskey 401(K) PSP

  R-5E   -   -   876   5.64   -   -   -   -   -   -   -   - 

Individual Investor

             

Olean NY

             
             

Oxford Architecture 401(K) Plan

  R-5E   -   -   -   -   5,472   11.44   -   -   -   -   -   - 

Individual Investor

             

Nashville TN

             
             

Willapa Harbor Hospital

  R-5E   -   -   -   -   3,774   7.89   -   -   -   -   -   - 

Retirment Plan

             

Individual Investor #1

             

Raymond WA

             
             

Cutting Edge Cabinet Inc 401K PSP

  R-5E   -   -   -   -   2,628   5.49   -   -   -   -   -   - 

Individual Investor

             

Idaho Falls ID

             
             

Pinellas Primary Care Inc 401K PSP

  R-5E   -   -   -   -   2,469   5.16   -   -   -   -   -   - 

Individual Investor

             

Tampa FL

             
             

Wealth Management Associates

  R-5E   -   -   -   -   -   -   9,324   12.08   -   -   -   - 

Retirement Plan

             

Individual Investor

             

Eagle ID

             
             

Profit Sharing Plan

  R-5E   -   -   -   -   -   -   5,221   6.76   -   -   -   - 

Individual Investor

             

Thornton PA

             
             

 

6-7


Table of Contents
     EMBF  GBAL  GVT  IBFA  IFA  IGI 
                                        
Name and Address Class  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
 
                                        

Door Creek Financial 401K Plan

  R-5E   -   -   -   -   -   -   4,161   5.39   -   -   -   - 

Individual Investor

             

Cottage Grove WI

             
             

401K Plan #2

  R-5E   -   -   -   -   -   -   3,890   5.04   -   -   -   - 

Individual Investor

             

Hillsborough CA

             
             

National Financial Services LLC

  R-5   -   -   -   -   -   -   -   -   973,637   5.05   -   - 

Individual Investor

             

Jersey City NJ

             
             

United Processing PSP

  R-5E   -   -   -   -   -   -   -   -   -   -   2,834   12.36 

Individual Investor

             

Chicago IL

             

 

    ILBF  MMF  PSCGI  PSGG  PSMGI  PSP 
                                       
Name and Address Class Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
 
                                       

401K Plan

 R-4  60,686   12.87   -   -   -   -   -   -   -   -   -   - 

Individual Investor

             

West Chester PA

             
             

Icenogle & Boggins 401K Plan

 R-5  41,936   18.49   -   -   -   -   -   -   -   -   -   - 

Individual Investor

             

Austin TX

             
             

Profit Sharing Plan

 R-5  15,349   6.77   -   -   -   -   -   -   -   -   -   - 

Individual Investor

             

Roanoke VA

             
             

Dunham Enterprises 401K

 R-5  13,567   5.98   -   -   -   -   -   -   -   -   -   - 

Individual Investor

             

Poland OH

             
             

 

6-8


Table of Contents
     ILBF  MMF  PSCGI  PSGG  PSMGI  PSP 
                                        
Name and Address Class  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
  Shares
Held
  As % of
shares
outstanding
 
                                        

Individual Investor

  R-5E   -   -   2,474,003   21.05   -   -   -   -   -   -   -   - 

Hillsdale MI

             
             

VCSP/CollegeAmerica

  529-E   -   -   -   -   29,228   5.69   -   -   -   -   -   - 

Individual Investor

             

Vienna VA

             
             

National Financial Services LLC

  R-1   -   -   -   -   27,628   19.60   -   -   -   -   -   - 

Account

             

Jersey City NJ

             
             

Capital Research & Management Company

  R-2E   -   -   -   -   828   7.17   -   -   -   -   -   - 

Corporate Account

             

Los Angeles CA

             
             

Healthy Solutions Inc

  R-5   -   -   -   -   42,391   7.69   -   -   -   -   -   - 

Retirement Plan

             

Individual Investor

             

Overland Park KS

             
             

NW Portland Dental 401K Plan

  R-5E   -   -   -   -   26,788   10.98   -   -   -   -   -   - 

Individual Investor

             

Portland OR

             
             

CB&T Custodian

  R-2E   -   -   -   -   -   -   12,902   7.94   -   -   -   - 

Edwin Fair Community

             

Mental Health Center Inc 403B Plan

             

Greenwood Village Co