Head of the class. CollegeAmerica is a nationwide plan sponsored by Virginia 529 SM

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1 Head of the class American Funds College Target Date Series SM Convenience with confidence from CollegeAmerica, the nation s largest 529 college savings plan CollegeAmerica is a nationwide plan sponsored by Virginia 529 SM

2 American Funds College Target Date Series Thoughtfully designed for an important goal As an investment goal, saving for college presents a unique mix of challenges. It has a relatively short investment time frame typically 18 years or less for accumulation a compressed distribution period and, regardless of market conditions, the money must be available when the account beneficiary is ready to enroll. With these realities in mind, the veteran investment professionals who designed the American Funds College Target Date Series focused on two needs common to most college savings investors: 1) Keeping pace with, if not exceeding, the rising cost of higher education. Investors want their hard-earned dollars to have a meaningful impact when enrollment arrives. The funds seek risk-sensitive growth when enrollment is still several years away. 2) Preserving capital as the enrollment date approaches. College choice is often influenced by the financial resources students expect to have upon enrolling. Our target date funds become heavily oriented toward bonds as the expected target enrollment date nears, and grow even more preservation oriented when the date arrives. A new investment option for CollegeAmerica accounts A different mix of the American Funds comprises each of the fund of funds in the series. Based on the target enrollment date, they incorporate varying degrees of risk and diversification. Over time, the funds will be invested with an increasing emphasis on preservation of assets. Of course, this allocation strategy does not guarantee that your education savings goals will be met, and an investment should be evaluated periodically to determine whether it continues to be a good fit. Glide path for the College Target Date funds 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Bond funds Equity-income/Balanced funds Growth-and-income funds Growth funds Years to College Enrollment College Enrollment Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. The target date funds are not guaranteed and are subject to the risks and returns of the underlying American Funds. 2

3 How the College Target Date Series works Choose a fund Choose the fund with the target date closest to the year the student is expected to enroll in college and withdrawals are expected to begin. Fund is adjusted over time Over time, experienced investment professionals will adjust the underlying mix of American Funds so that the allocations remain appropriate for the fund s time horizon. Assets remain until withdrawn Eventually the assets transition into the College Enrollment Fund, a preservation-oriented portfolio of high-quality, shorter term bonds. The assets remain there until they re withdrawn.* 2030 American Funds College 2030 Fund SM Growth 20% Growth-and-income 70% Equity-income/Balanced 0% Bond 10% EuroPacific Growth Fund The Growth Fund Capital World Growth and Income Fund Fundamental Investors SM Capital World Bond Fund Age of child: 0 3 in 2029 to The Investment Company American Funds College 2027 Fund SM Growth 15% Growth-and-income 55% Equity-income/Balanced 10% Bond 20% EuroPacific Growth Fund The Growth Fund Capital World Growth and Income Fund Fundamental Investors SM American Funds Global Balanced Fund SM Capital World Bond Fund Age of child: 4 6 in 2026 to 2028 The Investment Company * If withdrawals are used for purposes other than qualified higher education expenses, the earnings will be subject to federal income tax and possibly a 10% federal tax penalty. Investment allocations and underlying funds are as of September 14, Allocation percentages and underlying funds are subject to the Portfolio Oversight Committee s discretion and will evolve over time. Underlying funds may be added or removed during the year. For quarterly updates of the underlying fund allocations, visit americanfunds.com. Although some of the target date funds have the same initial allocation, those closest to their target date will begin to shift their allocations sooner. Investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund-of-funds expenses. The funds risks are directly related to the risks of the underlying funds, as described below. Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the funds prospectuses. These risks may be heightened in connection with investments in developing countries. Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than are higher rated bonds. The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. Shares of the Securities Fund are not guaranteed by the U.S. government. Diversification does not eliminate the risk of investing; losses are possible in diversified portfolios. Like other investments, College Enrollment Fund investments can lose value. 3

4 2024 Age of child: 7 9 in:2023 to American Funds College 2024 Fund SM Growth 10% Growth-and-income 45% Equity-income/Balanced 10% Bond 35% The Growth Fund Capital World Growth and Income Fund The Investment Company Washington Mutual Investors Fund SM American Funds Global Balanced Fund SM Capital World Bond Fund American Funds College 2021 Fund SM Growth 0% Growth-and-income 40% Equity-income/Balanced 15% Bond 45% American Mutual Fund Washington Mutual Investors Fund SM American Funds Global Balanced Fund SM American Funds Age of child: in 2020 to American Funds College 2018 Fund SM Growth 0% Growth-and-income 20% Equity-income/Balanced 20% Bond 60% American Mutual Fund The Income Fund American Funds Intermediate Bond Fund Age of child: in:2017 to American Funds College 2015 Fund SM Growth 0% Growth-and-income 0% Equity-income/Balanced 10% Bond 90% The Income Fund American Funds Intermediate Bond Fund Age of child: in:2014 to 2016 College Enrollment American Funds College Enrollment Fund SM Growth 0% Growth-and-income 0% Equity-income/Balanced 0% Bond 100% American Funds Intermediate Bond Fund Short-Term Bond Fund Age of child: 18+ in: 2012, 2013 or already enrolled 4

5 Building the funds The College Target Date Series was built by the Portfolio Oversight Committee, a seasoned group of investment professionals. They conducted a rigorous process to determine the glide path for the series and the combinations of individual funds in each of the fund of funds. That process incorporated: Quantitative analyses of different fund combinations. They evaluated long-term returns and geographic exposure as well as results for five- and 10-year periods, full market cycles, periods of rising interest rates and bear markets. They also examined a range of possible future scenarios. Seasoned judgment of the investment professionals who know our funds best. Together, they have a median 21 years of experience managing our funds as of June 30, Ongoing oversight The Portfolio Oversight Committee will continue to actively monitor the funds, reviewing results and asset allocations to keep them aligned with the objectives of the funds. The committee may occasionally add, remove or change the proportions of the underlying funds to help the funds pursue their objectives. Investing in their future CollegeAmerica A 529 college savings plan trusted by nearly 1 million families and their financial advisers Introducing the new American Funds College Target Date Series ṢM See page 5. CollegeAmerica is a nationwide plan sponsored by Virginia 529 SM The CollegeAmerica difference With all of CollegeAmerica s investment options, you get access to: The nation s largest 529 college savings plan, 1 and the only one to feature the American Funds. Among the lowest expenses in the 529 plan industry. 2 A Morningstar top-rated 529 college savings plan since 2004 the year Morningstar began issuing ratings and currently the only adviser-sold plan to hold that honor. 3 The consistent and superior long-term track record of the American Funds. The country s largest adviser-sold 529 plan. Nationwide, nearly 1 million families have entrusted their college savings investments to CollegeAmerica. 1 Source: Financial Research Corporation, College Savings Quarterly Data Update (2012) 2 According to a 2011 Morningstar study of 529 college savings plans 3 Top rating is based on annual Morningstar reports. Among the criteria assessed were fees, flexibility of investment options and our record of treating shareholders well. Other CollegeAmerica investment options The individual American Funds From short-term bonds to global growth stocks, the 25 American Funds available in CollegeAmerica can be combined for those seeking a customized and diversified portfolio. American Funds Portfolio Series SM These funds of funds feature a mix of the American Funds, and each was built to pursue a common investor objective such as preservation, income or growth. Depending on your state of residence, there may be an in-state plan that provides tax and other benefits not available through CollegeAmerica. 5

6 The right choice for the long term The American Funds difference Since 1931, American Funds has helped investors pursue long-term investment success. Our consistent approach in combination with a proven system has resulted in a superior long-term track record. Consistent approach Proven system Superior long-term track record We base our decisions on a long-term perspective because we believe it is the best way to achieve superior long-term investment results. Our portfolio counselors average 25 years of investment experience, including 21 years at our company, reflecting a career commitment to our long-term approach. 1 Our system combines individual accountability with teamwork. Each fund is divided into portions that are managed by investment professionals with varied backgrounds, ages and investment styles. An extensive global research effort is the backbone of our system. Our equity funds have beaten their Lipper peer indexes in 91% of 10-year periods and 96% of 20-year periods. Our fixedincome funds have beaten their Lipper indexes in 60% of 10-year periods and 67% of 20-year periods. 2 Our fund management fees have been among the lowest in the industry. 3 Past results are not predictive of results in future periods. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and the CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors and sold through unaffiliated intermediaries. Visit us at americanfunds.com/ As of December 31, Based on Class A share results for periods through December 31, Periods covered are the shorter of the fund s lifetime or since the comparable Lipper index inception date. 3 Based on management fees for the 20-year period ended December 31, 2011, versus comparable Lipper categories, excluding funds of funds. Lit. No. CACPBR P Litho in USA CGD/CG/8254-S American Funds Distributors, Inc. Printed on recycled paper The Capital Group Companies American Funds Capital Research and Management Capital International Capital Guardian Capital Bank and Trust