American Funds Insurance Series Portfolio Managers The Capital System SM uses a system of multiple portfolio managers in managing mutual fund assets. Under this approach, the portfolio of a fund is divided into segments managed by individual managers who decide how their respective segments will be invested. In addition to the portfolio managers below, Capital Research and Management Company s investment analysts may make investment decisions with respect to a portion of a fund s portfolio. Investment decisions are subject to a fund s objective(s), policies and restrictions and the oversight of the appropriate investment-related committees of Capital Research and Management Company and its investment divisions. Certain senior members of Capital Fixed Income Investors, the investment adviser s fixed-income investment division, serve on a portfolio strategy group. The group utilizes a research-driven process with input from the investment adviser s analysts, portfolio managers and economists to define investment themes and to set guidance on a range of macroeconomic factors, including duration, yield curve and sector allocation, for certain of the fixed-income portfolios. To the extent applicable, a fund s fixed-income portfolio managers consider guidance of the portfolio strategy group in making their investment decisions. The primary individual portfolio managers for each of the American Funds Insurance Series (AFIS) funds are: Donald D. O Neal Vice Chairman of the Board President Carl M. Kawaja Vice President Sung Lee Vice President Dylan Yolles Vice President Hilda L. Applbaum David C. Barclay Investment professional for 30 years, all with Investment professional for 28 years in Investment professional for 18 years in total; 15 years with Capital Research and Investment professional for 28 years in total; 20 years with Capital Research and Investment professional for 34 years in total; 27 years with Capital Research and Growth-Income Fund 10 years Asset Allocation Fund 15 years New World Fund 16 years International Fund 9 years International Growth and Income Fund 7 years Growth-Income Fund 10 years (plus 5 years for Serves as an equity/fixed-income portfolio manager for: Bond Fund 17 years High-Income Bond Fund 22 years Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. 1
Donnalisa Parks Barnum Investment professional for 34 years in total; 29 years with Capital Research and L. Alfonso Barroso David J. Betanzos Investment professional for 15 years in total; 13 years with Capital Research and Mark A. Brett Investment professional for 36 years in Christopher D. Buchbinder Investment professional for 20 years, all with J. David Carpenter Investment professional for 21 years in total; 17 years with Capital Research and Patrice Collette* Investment professional for 21 years in total; 16 years with Capital Research and David A. Daigle Isabelle de Wismes Investment professional for 31 years in Mark E. Denning Investment professional for 33 years, all with Paul Flynn Investment professional for 19 years in total; 17 years with Capital Research and J. Blair Frank Investment professional for 22 years in total; 21 years with Capital Research and Bradford F. Freer* Nicholas J. Grace Investment professional for 25 years in total; 21 years with Capital Research and Growth Fund 12 years International Fund 6 years Mortgage Fund 1 year U.S. Government/AAA-Rated Securities Fund Global Bond Fund Blue Chip Income and Growth Fund 8 years Asset Allocation Fund 2 years Global Growth Fund (plus 14 years of prior experience as an investment analyst for Asset Allocation Fund 6 years Global Bond Fund High-Income Bond Fund 6 years (plus 9 years for Global Growth Fund 3 years (plus 14 years of Global Small Capitalization Fund 17 years Serves as an equity/fixed-income portfolio manager for: Global Balanced Fund 2 years Global Small Capitalization Fund 12 years Growth-Income Fund 9 years Global Growth and Income Fund 2 years (plus 6 years of prior experience as an investment analyst for New World Fund 3 years (plus 8 years of 2
Laurentius Harrer David A. Hoag Thomas H. Høgh Galen Hoskin Claudia P. Huntington Gregg E. Ireland Gregory D. Johnson Joanna F. Jonsson Michael T. Kerr Jonathan Knowles Darcy Kopcho Lawrence Kymisis Harold H. La Jeffrey T. Lager Investment professional for 26 years in total; 21 years with Capital Research and Investment professional for 27 years in Investment professional for 28 years in total; 25 years with Capital Research and Investment professional for 42 years in total; 40 years with Capital Research and Investment professional for 43 years, all with Investment professional for 22 years, all with Investment professional for 26 years in total; 25 years with Capital Research and Investment professional for 32 years in total; 30 years with Capital Research and Investment professional for 23 years, all with Investment professional for 35 years in total; 27 years with Capital Research and total; 12 years with Capital Research and Investment professional for 17 years in total; 16 years with Capital Research and total; 19 years with Capital Research and High-Income Bond Fund Bond Fund 8 years Bond Fund 8 years Global Bond Fund 9 years New World Fund 9 years (plus 6 years of Global Growth Fund 2 years (plus 14 years of * Global Small Capitalization Fund 2 years Growth-Income Fund 21 years (plus 5 years for Global Growth and Income Fund 9 years Growth Fund 8 years Growth Fund 10 years Global Growth Fund 2 years (plus 10 years of Global Small Capitalization Fund 3 years Global Small Capitalization Fund 7 years (plus 4 years of prior experience as an investment analyst for Asset Allocation Fund 8 years 3
James B. Lovelace Jesper Lyckeus Fergus N. MacDonald Ronald B. Morrow James R. Mulally Robert H. Neithart Aidan O Connell Andraz Razen David M. Riley William L. Robbins Martin Romo Theodore R. Samuels Eugene P. Stein Andrew B. Suzman Investment professional for 33 years, all with total; 19 years with Capital Research and total; 12 years with Capital Research and Investment professional for 47 years in total; 18 years with Capital Research and Investment professional for 39 years in total; 35 years with Capital Research and Investment professional for 28 years, all with Vice President Capital Research Global Investors Investment professional for 17 years in total; 11 years with Capital Research and Vice President Capital World Investors Investment professional for 17 years in total; 11 years with Capital Research and total; 20 years with Capital Research and Investment professional for 36 years in total; 34 years with Capital Research and Investment professional for 44 years in total; 43 years with Capital Research and Investment professional for 22 years, all with Blue Chip Income and Growth Fund 8 years International Fund 8 years (plus 8 years of International Growth and Income Fund 7 years Mortgage Fund 4 years U.S. Government/AAA-Rated Securities Fund 5 years Growth Fund 12 years (plus 5 years of prior experience as an investment analyst for the fund) Asset Allocation Fund 9 years New World Fund 3 years (plus 2 years of Global Bond Fund 2 years Global Small Capitalization Fund 1 year (plus 9 years of prior experience as an investment analyst for Growth Fund 2 years (plus 3 years of prior experience as an investment analyst for the fund) International Growth and Income Fund 7 years Growth-Income Fund 3 years (plus 12 years for Global Growth and Income Fund 6 years (plus 1 year of prior experience as an investment analyst for Asset Allocation Fund 7 years Global Growth and Income Fund 6 years 4
James Terrile Christopher Thomsen Ritchie Tuazon Alan J. Wilson Philip Winston total; 19 years with Capital Research and Investment professional for 18 years, all with Vice President Capital Fixed Income Investors Investment professional for 15 years in total; 4 years with Capital Research and Investment professional for 30 years in Investment professional for 30 years in total; 18 years with Capital Research and Blue Chip Income and Growth Fund 3 years International Fund 9 years U.S. Government/AAA-Rated Securities Fund Growth Fund 1 year Managed Risk Funds The table below shows the investment experience and role in management for each of the investment adviser s investment professionals primarily responsible for management of the AFIS managed risk funds (Managed Risk Growth Fund, Managed Risk International Fund, Managed Risk Blue Chip Income and Growth Fund, Managed Risk Growth-Income Fund and Managed Risk Asset Allocation Fund). President James R. Mulally Investment professional for 39 years in total; 35 years with Capital Research and 3 years Serves as a portfolio manager 3 years Serves as a portfolio manager Milliman Financial Risk Management LLC is the subadviser to the AFIS managed risk funds. The table below shows the investment experience and role in management for the subadviser s investment professional primarily responsible for the management of the funds managed risk strategies. Adam Schenck Investment professional for 10 years, all with Milliman Financial Risk Management LLC 3 years Serves as a portfolio manager of the subadviser with respect to the funds managed risk strategies 5
American Funds Insurance Series Portfolio Series SM Portfolio management for the funds is the investment adviser to the funds (American Funds Global Growth Portfolio, American Funds Managed Risk Growth Portfolio, American Funds Growth and Income Portfolio, American Funds Managed Risk Growth and Income Portfolio and American Funds Managed Risk Global Allocation Portfolio) and the underlying funds. For each of the funds, the Portfolio develops the allocation approach and selects the underlying funds. The table below shows the investment experience and role in management for each of the members of the Portfolio. Investment Professional Investment Experience Experience in the Funds Role in Management of the Funds Investment professional for 33 years in total; 32 years with Capital Research and Investment professional for 26 years in total; 25 years with Capital Research and Investment professional for 33 years, all with Capital Research and Management Company Investment professional for 21 years in total; 16 years with Capital Research and Investment professional for 22 years, all with Capital Research and Management Company Investment professional for 28 years, all with Capital Research and Management Company John H. Smet Joanna F. Jonsson James B. Lovelace Wesley K.-S. Phoa Andrew B. Suzman Bradley J. Vogt The table below shows the investment experience and role in management for each of the investment adviser s investment professionals primarily responsible for the overall management of the three managed risk funds in the Portfolio Series. James R. Mulally Investment professional for 39 years in total; 35 years with Capital Research and Serves as a portfolio manager Serves as a portfolio manager Milliman Financial Risk Management LLC is the subadviser to the three managed risk funds in the Portfolio Series. The table below shows the investment experience and role in management for the subadviser s investment professional primarily responsible for the management of the managed risk strategies of the managed risk funds in the Portfolio Series. Adam Schenck Investment professional for 10 years, all with Milliman Financial Risk Management LLC Serves as a portfolio manager of the subadviser with respect to the funds managed risk strategies Unless otherwise indicated, the portfolio managers and years of experience shown are reflected in the funds prospectuses dated May 1, 2015. *Portfolio manager experience and years of experience are as of a prospectus amendment dated November 1, 2015. Lit. No. INGEFL-046-1115O CGD/9686-S51960 2015 American Funds Distributors, Inc. 6