Capital Research and Management Company

ITEM 5: FEES AND COMPENSATION

Capital Research and Management Company’s fees are generally not negotiable. Capital
Research and Management Company’s management fees are paid pursuant to investment
advisory agreements, or in the case of Capital Bank and Trust Company, Capital International
Assets Management (Canada), Inc. and Capital International Management Company Sarl,
advisory or sub-advisory agreements. Capital Research and Management Company’s
management fees are generally based on a percentage of assets under management and, for
certain funds, a combination of assets under management and gross investment income.

Management fees are paid monthly by the American Funds, Capital Group KKR funds and ETFs
to Capital Research and Management Company based on the previous month’s daily net asset
levels. Management fees for each of the American Funds, Capital Group KKR funds and ETFs
are described in such fund’s prospectus and statement of additional information.

The annual fees for advisory services provided by Capital Research and Management Company
to Capital Bank and Trust Company, in its capacity as trustee to certain collective investment
trusts, are agreed upon from time to time in writing. The fees that Capital Bank and Trust
Company receives for such collective investment trusts are described in the characteristic
documents.

The annual fees for investment advisory or sub-advisory services for Capital International Assets
Management (Canada), Inc., and Capital International Fund are agreed to from time to time in
writing. Management fees paid by investors in each of these funds are described in such fund’s
governing documents.

The funds incur fees and expenses in addition to the management fees described above,
including administrative service fees, custodial fees and other fund expenses. With respect to the
American Funds and Capital Group KKR funds, Capital Research and Management Company
provides certain transfer agent and administrative services for shareholders of the funds pursuant
to an administrative service agreement. Capital Research and Management Company contracts
with third parties and affiliates, including American Funds Service Company, the funds’ Transfer
Agent, and Capital Client Group, Inc., the funds’ principal underwriter, to provide some of these
services. In addition, the funds will incur brokerage and other transaction costs. Please refer to

ITEM 7: TYPES OF CLIENTS

Capital Research and Management Company provides investment management services to
registered investment companies and other pooled investment vehicles. It is also the investment
adviser to the Capital International Fund and International Investment Portfolios , two
Luxembourg investment companies, Capital Group Fund, a United Kingdom Open-Ended
Investment Company, and an investment adviser and/or sub-adviser to investment vehicles of
Capital International Asset Management (Canada), Inc., Capital Group Private Client Services,
Inc., Capital International Management Company Sarl, Capital International Sarl, Capital
International K.K., Capital International Limited, and Capital International, Inc., affiliates of
Capital Research and Management Company. In addition, Capital Research and Management
Company serves as the investment adviser to Capital Bank and Trust Company in its capacity as
the trustee of certain collective investment trusts that are exempt from SEC registration. Capital
Research and Management Company also provides investment management and related services
to participants in managed account programs.

Minimum account sizes for fund investments are disclosed in each fund’s prospectus, statement
of additional information, characteristics, annual information form or other disclosure
documents.

The minimum account size for dual contract managed account program clients is generally
$250,000. Please refer to Item 5 (Fees and Compensation) for information on minimum account
sizes.