Reducing sales charges on Class A and A-2 shares

There are a number of ways you can reduce your sales charge. Learn about options that may be available to you.

To ensure your investment receives the appropriate sales charge, you or your financial professional should notify us when a purchase is eligible for a reduced sales charge; otherwise, the maximum sales charge may be applied.

Sales charges and breakpoints

Sales charges and breakpoints for Class A shares

Sales charges and breakpoints for Class A-2 shares

Footnotes:
^†A 0.75% contingent deferred sales charge may be assessed on redemptions within 18 months of purchase.

^‡A 1.00% contingent deferred sales charge may be assessed on redemptions within 12 months of purchase.

Account aggregation

In determining sales charges, solely with respect to Class A shares, you can combine your Capital Group KKR Public-Private+ (PPS) Funds, American Funds and American Legacy account values with those of your spouse or spouse equivalent (if recognized by law) and children under 21, including:

• Trust accounts established by the above family members. If the person(s) who established the trust is deceased, the primary beneficiary can combine accounts.
• Solely controlled business accounts
• Single-participant retirement plans
• Endowments or foundations established and controlled by the investor or immediate family member

Direct purchases of money market funds, and American Legacy accounts established after March 31, 2007, cannot be aggregated.

Trustees or other fiduciaries

Investments made by a trustee or other fiduciary for a single trust estate or fiduciary account and multiple-employee benefit plans of a single employer or affiliated employers may be aggregated, provided they are not aggregated with personal accounts.

We do not aggregate accounts of investors who are affiliated with each other by virtue of being in an association.

403(b) plans 

Investments made for participant accounts of a 403(b) plan that is treated like an employer-sponsored plan, or multiple 403(b) plans of a single employer or affiliated employers, can be aggregated.

Nonprofit and charitable organizations

Investments made for nonprofit, charitable or educational organizations (or any employer-sponsored retirement plan for such an endowment or foundation) or any endowments or foundations established and controlled by the organization can be aggregated.

SEP and SIMPLE IRAs

SEP and SIMPLE IRA accounts in plans established after November 15, 2004, by an employer adopting any plan document other than a prototype plan produced by Capital Client Group, Inc. or an affiliate may be aggregated

Trust funds and pooled accounts 

Investments made by a common trust fund or other diversified pooled accounts that are not specifically formed for the purpose of accumulating fund shares may be aggregated.

Accounts ineligible for aggregation 

Some investment firms request accounts to be set up as "street name" or "nominee" accounts. This simply means that the investment firm has sole access, or that we have limited access, to their clients' account information.

Since American Funds Service Company has little or no access to certain nominee or street name account information, we are generally unable to aggregate those accounts. You should check with your financial professional to determine if this applies to your account(s).

Concurrent purchases 

You can combine simultaneous purchases of all classes of shares in PPS Funds or American Funds (including, upon request, purchases for gifts) — as well as holdings in American Legacy accounts established on or before March 31, 2007 — as another way to reduce Class A sales charges. This applies to direct fund purchases into any accounts that you and/or your immediate family own. Exceptions include direct purchases of American Funds U.S. Government Money Market Fund Class A shares and employer-sponsored retirement plans not outlined Account aggregation nor Rights of accumulation.

For example, if you simultaneously invested $50,000 in Capital Group KKR Core Plus+ Class A shares and $50,000 in Capital Group KKR Multi-Sector+ Class F-2 shares, you could purchase the Class A shares at the $100,000 sales charge of 3.50%.

Class A-2 sales charge may be reduced by combining purchases of all classes of shares in the PPS Funds (but not the American Funds).

Rights of accumulation

You can add the value of all investments in Capital Group KKR Public-Private+ (PPS) Funds and American Funds share classes already owned to new purchases to qualify for a reduced sales charge on Class A share purchases.

You may only combine investments in PPS Funds to qualify for a reduced sales charge on Class A-2 shares.

American Legacy accounts established on or before March 31, 2007, can also be applied to qualify for a discount on Class A purchases.

Direct purchases of the money market fund are excluded.

Statement of intention

You can reduce the sales charge you pay on Class A share purchases by establishing a statement of intention. A statement of intention allows you to combine fund purchases of all PPS Funds and American Funds share classes (excluding money market fund purchases) that you intend to make over a 13-month period in order to determine your applicable sales charge.

A statement of intention lets you take immediate advantage of the maximum quantity discount* available.

• Capital appreciation and reinvested dividends/capital gains do not apply toward your combined purchases.
• If you do not complete your statement of intention during the 13-month period, an additional sales charge will be due on the investment(s) made under the agreement. This additional sales charge represents the difference between the sales charge actually paid and the higher sales charge due. Any adjustments will be reflected in an Account Confirmation and may result in corrected tax forms.

Special statement of intention rules apply to shareholders investing by payroll deduction. Please see the statement of additional information for details.

Contact your financial professional or call us to establish a statement of intention.

* American Legacy accounts established on or before March 31, 2007, may count toward a statement of intention.

Right of reinvestment (reinstatement)

You can reinvest proceeds from a redemption, dividend payment or capital gain distribution back into the same account from which the proceeds came without a sales charge, provided the reinvestment occurs within 90 days after the date of the transaction.

If your account has been closed, the money can be reinvested into another fund provided:

• the reinvestment occurs within 90 days after the date of the sale
• the money is reinvested in the same type of account as the account from which it came
• the account has the same owner

See your financial professional or the fund's statement of additional information for details.

Gift of shares

If you want to buy shares as a gift, we'll take into account the current value of your holdings with us when determining the sales charge on your gift purchase. You'll need to send a letter of instruction along with a new account application, if needed.