**[nameof fund]**

** **

**AMENDEDAND RESTATED MULTIPLE****CLASS PLAN**

 

 

WHEREAS, [Name Of Fund] (the “Fund”),[a Delaware statutory trust], is registered under the Investment Company Act of 1940, as amended (the “1940 Act”),as an open-end management investment company that offers shares of [common stock/beneficial interest];

 

WHEREAS, American Funds Distributors, Inc. (the“Distributor”) serves as the principal underwriter for the Fund;

 

WHEREAS, the Fund has adopted Plans of Distribution(each a “12b-1 Plan”) under which the Fund may bear expenses of distribution and servicing of its shares, includingpayments to and/or reimbursement of certain expenses incurred by the Distributor in connection with its distribution of the Fund’sshares;

 

WHEREAS, the Fund has entered into an Amended andRestated Administrative Services Agreement with Capital Research and Management Company under which the Fund may bear certain administrativeexpenses for certain classes of shares;

 

WHEREAS, the Fund has entered into an Amended andRestated Shareholder Services Agreement with American Funds Service Company under which the Fund may bear certain transfer agencyexpenses for its shares;

 

WHEREAS, the Fund is authorized to issue the followingclasses of shares of [common stock/beneficial interest]: [Class A shares, Class B shares, Class C shares, Class F-1 shares andClass F-2 shares (together, “Class F shares”), Class R-1 shares, Class R-2 shares, Class R-2E shares, Class R-3shares, Class R-4 shares, Class R-5 shares, and Class R-6 shares (collectively, “Class R shares”), as well as Class529-A shares, Class 529-B shares, Class 529-C shares, Class 529-E shares and Class 529-F-1 shares (collectively, “Class529 shares”)];

 

WHEREAS, Rule 18f-3 under the 1940 Act permitsopen-end management investment companies to issue multiple classes of voting shares representing interests in the same portfolioif, among other things, an investment company adopts a written Multiple Class Plan (the “Plan”) setting forth the separatearrangement and expense allocation of each class and any related conversion features or exchange privileges; and

 

WHEREAS, the Board of Trustees of the Fund hasdetermined, that it is in the best interest of each class of shares of the Fund individually, and the Fund as a whole, to adoptthis Plan;

 

NOW THEREFORE, the Fund adopts the Amended andRestated Plan as follows:

 

1.	Each class of shares will represent interestsin the same portfolio of investments of the Fund, and be identical in all respects to each other class, except as set forth below.The differences among the various classes of shares of the Fund will relate to: (i) distribution, service and other charges andexpenses as provided for in paragraph 3 of this Plan; (ii) the exclusive right of each class of shares to vote on matters submittedto shareholders that relate solely to that class or the separate voting right of each class on matters for which the interestsof one class differ from the interests of another class; and (iii) such differences relating to (a) eligible investors, (b) thedesignation of each class of shares, (c) conversion features, and (d) exchange privileges each as may be set forth in the Fund’sprospectus and statement of additional information (“SAI”), as the same may be amended or supplemented from time totime.

 

2.	(a)	Certain expenses may be attributableto the Fund, but not a particular class of shares thereof. All such expenses will be borne by each class on the basis of the relativeaggregate net assets of the classes. Notwithstanding the foregoing, the Distributor, the investment adviser or other provider ofservices to the Fund may waive or reimburse the expenses of a specific class or classes to the extent permitted by Rule 18f-3under the 1940 Act and any other applicable law.

 

	(b)	A class of shares may be permitted tobear expenses that are directly attributable to that class, including: (i) any distribution service fees associated with any rule12b-1 Plan for a particular class and any other costs relating to implementing or amending such rule 12b-1 Plan; (ii) any administrativeservice fees attributable to such class; and (iii) any transfer agency, sub-transfer agency and shareholder servicing fees attributableto such class.

 

	(c)	Any additional incremental expensesnot specifically identified above that are subsequently identified and determined to be applied properly to one class of sharesof the Fund shall be so applied upon approval by votes of the majority of both (i) the Board of Trustees of the Fund; and(ii) those trustees of the Fund who are not “interested persons” of the Fund (as defined in the 1940 Act) (“IndependentTrustees”).

 

3.	Consistent with the general provisions ofsection 2(b), above, each class of shares of the Fund shall differ in the amount of, and the manner in which costs are borne byshareholders as follows:

 

	(a)	Class A shares

 

(i)	Class A shares shall be sold at net asset valueplus a front-end sales charge, at net asset value without a front-end sales charge but subject to a contingent deferred sales charge(“CDSC”), and at net asset value without any sales charge, as set forth in the Fund’s prospectus and SAI.

 

(ii)	Class A shares shall be subject to an annual distributionexpense under the Fund’s Class A Plan of Distribution of up to 0.30% of average daily net assets, as set forth in the Fund’sprospectus, SAI, and Plan of Distribution. This expense consists of a service fee of up to 0.25% plus certain other distributioncosts.

 

(iii)	Class A shares shall be subject to a transferagent fee according to the Shareholder Services Agreement between the Fund and its transfer agent. In calculating transfer agentfees allocable to the Class A shares, the fees generated shall be charged to the Fund and allocated to the Class A shares basedon their aggregate net assets relative to those of the Class B, Class C and Class 529 shares, except that sub-transfer agency feespayable to intermediaries holding shareholder accounts in street name are not allocated to the Class 529 shares (other than intermediariesholding accounts with Class 529 shares in street name).

 

(iv)	Class A shares shall be subject to an administrativeservices fee of 0.01% of average daily net assets, as set forth in the Fund’s prospectus, SAI, and its Administrative ServicesAgreement.

 

	(b)	Class B shares

 

(i)	Class B shares shall be sold at net asset valuewithout a front-end sales charge, but subject to a CDSC and maximum purchase limits as set forth in the Fund’s prospectusand SAI.

 

(ii)	Class B shares shall be subject to an annual 12b-1expense under the Fund’s Class B Plan of Distribution of up to 1.00% of average daily net assets, as set forth in theFund’s prospectus, SAI, and Class B Plan of Distribution. This expense shall consist of a distribution fee of 0.75% and aservice fee of up to 0.25% of such average daily net assets.

 

(iii)	Class B shares shall be subject to a transferagent fee according to the Shareholder Services Agreement between the Fund and its transfer agent. In calculating transfer agentfees allocable to the Class B shares, the fees generated shall be charged to the Fund and allocated to the Class B shares basedon their aggregate net assets relative to those of the Class A, Class C and Class 529 shares, except that sub-transfer agency feespayable to intermediaries holding shareholder accounts in street name are not allocated to the Class 529 shares (other than intermediariesholding accounts with Class 529 shares in street name).

 

(iv)	Class B shares will automatically convert to ClassA shares of the Fund approximately eight years after purchase, subject to the

limitations described in the Fund’s prospectus andSAI. All conversions shall be effected on the basis of the relative net asset values of the two classes of shares without the impositionof any sales load or other charge.

 

(v)	Class B shares shall be subject to a fee (includedwithin the transfer agency expense) for additional costs associated with tracking the age of each Class B share.

 

	(c)	Class C shares

 

(i)	Class C shares shall be sold at net asset valuewithout a front-end sales charge, but subject to a CDSC and maximum purchase limits as set forth in the Fund’s prospectusand SAI.

 

(ii)	Class C shares shall be subject to an annual 12b-1expense under the Fund’s Class C Plan of Distribution of up to 1.00% of average daily net assets, as set forth in the Fund’sprospectus, SAI, and Class C Plan of Distribution. This expense shall consist of a distribution fee of up to 0.75% and a servicefee of up to 0.25% of such average daily net assets.

 

(iii)	Class C shares shall be subject to a transferagent fee according to the Shareholder Services Agreement between the Fund and its transfer agent. In calculating transfer agentfees allocable to the Class C shares, the fees generated shall be charged to the Fund and allocated to the Class C shares basedon their aggregate net assets relative to those of the Class A, Class B and Class 529 shares, except that sub-transfer agency feespayable to intermediaries holding shareholder accounts in street name are not allocated to the Class 529 shares (other than intermediariesholding accounts with Class 529 shares in street name).

 

(iv)	Class C shares shall be subject to an administrativeservices fee of 0.05% of average daily net assets, as set forth in the Fund’s prospectus, SAI, and its Administrative ServicesAgreement.

 

(v)	Class C shares will automatically convert to ClassF-1 shares of the Fund approximately ten years after purchase, subject to the limitations described in the Fund’s prospectusand SAI. All conversions shall be effected on the basis of the relative net asset values of the two classes of shares without theimposition of any sales load or other charge.

 

(vi)	Class C shares shall be subject to a fee, if any,(included within the transfer agency expense) for additional costs associated with tracking the age of each Class C share.

 

	(d)	The Class F shares consistingof Class F-1 shares and Class F-2 shares

 

(i)	The Class F shares shall be sold at net asset valuewithout a front-end or back-end sales charge.

 

(ii)	Class F-1 shares shall be subject to an annual12b-1 expense under the Fund’s Class F-1 Plan of Distribution of up to 0.50% of average daily net assets, as set forth inthe Fund’s prospectus, SAI, and Class F-1 Plan of Distribution. This expense shall consist of a distribution fee of up to0.25% and a service fee of up to 0.25% of such average daily net assets.

 

(iii)	Class F-2 shares shall not be subject to an annual12b-1 expense.

 

(iv)	The Class F shares shall be subject to a transferagent fee according to the Shareholder Services Agreement between the Fund and its transfer agent. The Class F shares will payonly those transfer agent fees and third party pass-through fees (e.g., DST and NSCC fees) that are directly attributed to accountsof and activities generated by the Class F shares.

 

(v)	The Class F shares shall be subject to an administrativeservices fee of 0.05% of average daily net assets, as set forth in the Fund’s prospectus, SAI, and its Administrative ServicesAgreement.

 

	(e)	The Class R shares consistingof Class R-1 shares, Class R-2 shares, Class R-2E shares, Class R-3 shares, Class R-4 shares, Class R-5 shares, and Class R-6 shares

 

(i)	The Class R shares shall be sold at net asset valuewithout a front-end or back-end sales charge.

 

(ii)	Class R-1 shares shall be subject to an annual12b-1 expense under the Fund’s Class R-1 Plan of Distribution of up to 1.00% of average daily net assets, as set forth inthe Fund’s prospectus, SAI, and Class R-1 Plan of Distribution. This expense shall consist of a distribution fee of up to0.75% and a service fee of up to 0.25% of such average daily net assets.

 

(iii)	Class R-2 shares shall be subject to an annual12b-1 expense under the Fund’s Class R-2 Plan of Distribution of up to 1.00% of average daily net assets, as set forth inthe Fund’s prospectus, SAI, and Class R-2 Plan of Distribution. This expense shall consist of a distribution fee of up to0.75% and a service fee of up to 0.25% of such average daily net assets.

 

(iv)	Class R-2E shares shall be subject to an annual12b-1 expense under the Fund’s Class R-2E Plan of Distribution of up to .85% of average daily net assets, as set forth inthe Fund’s prospectus, SAI, and Class R-2E Plan of Distribution. This expense shall consist of a distribution fee of up to0.60% and a service fee of up to 0.25% of such average daily net assets.

 

(v)	Class R-3 shares shall be subject to an annual 12b-1expense under the Fund’s Class R-3 Plan of Distribution of up to 0.75% of average daily net assets, as set forth in the Fund’sprospectus, SAI, and Class R-3 Plan of Distribution. This expense shall consist of a distribution fee of up to 0.50% and a servicefee of up to 0.25% of such average daily net assets.

 

(vi)	Class R-4 shares shall be subject to an annual12b-1 expense under the Fund’s Class R-4 Plan of Distribution of up to 0.50% of average daily net assets, as set forth inthe Fund’s prospectus, SAI, and Class R-4 Plan of Distribution. This expense shall consist of a distribution fee of up to0.25% and a service fee of up to 0.25% of such average daily net assets.

 

(vii)	Class R-5 shares shall not be subject to an annual12b-1 expense.

 

(viii)	Class R-6 shares shall not be subject to an annual12b-1 expense.

 

(ix)	The Class R shares shall be subject to a transferagent fee according to the Shareholder Services Agreement between the Fund and its transfer agent. Each of the Class R share classeswill pay only those transfer agent fees and third party pass-through fees (*e.g.*, DST and NSCC fees) that are directly attributedto accounts of and activities generated by its own share class.

 

(x)	The Class R-2, Class R-2E and Class R-3 shares maybe subject to additional sub-transfer agent fees paid to third parties providing services to Fund shareholders in those share classes.These fees will be charged directly to the share class incurring the expense.

 

(xi)	The Class R shares shall be subject to an administrativeservices fee of 0.05% of average daily net assets as set forth in the Fund’s prospectus, SAI, and Administrative ServicesAgreement.

 

	(f)	The 529 share classesconsisting of Class 529-A shares, Class 529-B shares, Class 529-C shares, Class 529-E shares and Class 529-F-1 shares

 

(i)	The Class 529-A shares shall be sold at net assetvalue plus a front-end sales charge, at net asset value without a front-end sales charge but subject to a CDSC, and at net assetvalue without any sales charge, as set forth in the Fund’s prospectus and SAI.

 

(ii)	The Class 529-B and Class 529-C shares shall besold at net asset value without a front-end sales charge, but subject to a CDSC and maximum purchase limits as set forth in theFund’s prospectus and SAI.

 

(iii)	The Class 529-E and Class 529-F-1 shares shallbe sold at net asset value without a front-end or back-end sales charge.

 

(iv)	Class 529-A shares shall be subject to an annual12b-1 expense under the Fund’s Class 529-A Plan of Distribution of up to 0.50% of average daily net assets, as set forthin the Fund’s prospectus, SAI, and Class 529-A Plan of Distribution. This expense shall consist of a distribution fee ofup to 0.25% and a service fee of up to 0.25% of such average daily net assets.

 

(v)	Class 529-B shares shall be subject to an annual12b-1 expense under the Fund’s Class 529-B Plan of Distribution of up to 1.00% of average daily net assets, as set forthin the Fund’s prospectus, SAI, and Class 529-B Plan of Distribution. This expense shall consist of a distribution fee of0.75% and a service fee of up to 0.25% of such average daily net assets.

 

(vi)	Class 529-C shares shall be subject to an annual12b-1 expense under the Fund’s Class 529-C Plan of Distribution of up to 1.00% of average daily net assets, as set forthin the Fund’s prospectus, SAI, and Class 529-C Plan of Distribution. This expense shall consist of a distribution fee ofup to 0.75% and a service fee of up to 0.25% of such average daily net assets.

 

(vii)	Class 529-E shares shall be subject to an annual12b-1 expense under the Fund’s Class 529-E Plan of Distribution of up to 0.75% of average daily net assets, as set forthin the Fund’s prospectus, SAI, and Class 529-E Plan of Distribution. This expense shall consist of a distribution fee ofup to 0.50% and a service fee of up to 0.25% of such average daily net assets.

 

(viii)	Class 529-F-1 shares shall be subject to an annual12b-1 expense under the Fund’s Class 529-F-1 Plan of Distribution of up to 0.50% of average daily net assets, as set forthin the Fund’s prospectus, SAI, and Class 529-F-1 Plan of Distribution. This expense shall consist of a distribution fee ofup to 0.25% and a service fee of up to 0.25% of such average daily net assets.

 

(ix)	The Class 529 shares shall be subject to a transferagent fee according to the Shareholder Services Agreement between the Fund and its transfer agent. In calculating transfer agentfees allocable to the Class 529 shares, the fees generated shall be charged to the Fund and allocated to the Class 529 shares basedon their aggregate net assets relative to those of the Class A, Class B and Class C shares.

 

(x)	The Class 529 shares shall be subject to an administrativeservices fee of 0.05% of average daily net assets as set forth in the Fund’s prospectus, SAI, and its Administrative ServicesAgreement.

 

(xi)	The Class 529 shares shall be subject to a 529plan services fee of up to 0.10% of average daily net assets payable to the Commonwealth of Virginia, as set forth in the Fund’sprospectus and SAI.

 

All other rights and privileges of Fund shareholdersare identical regardless of which class of shares is held.

 

4.	This Plan shall not take effect until ithas been approved by votes of the majority of both (i) the Board of Trustees of the Fund and (ii) the Independent Trustees.

 

5.	This Plan shall become effective with respectto any class of shares of the Fund, other than Class A, Class B, Class C, Class F-1, ClassF-2, Class R-1, Class R-2, Class R-2E, Class R-3, Class R-4, Class R-5, Class R-6, Class 529-A, Class 529-B, Class 529-C, Class529-E or Class 529-F-1 shares upon the commencement of the initial public offering thereof (provided that the Planhas previously been approved with respect to such additional class by votes of the majority of both (i) the Board of Trustees ofthe Fund; and (ii) Independent Trustees prior to the offering of such additional class of shares), and shall continue in effectwith respect to such additional class or classes until terminated in accordance with paragraph 7. An addendum setting forth suchspecific and different terms of such additional class or classes shall be attached to and made part of this Plan.

 

6.	No material amendment to the Plan shall beeffective unless it is approved by the votes of the majority of both (i) the Board of Trustees of the Fund and (ii) IndependentTrustees.

 

7.	This Plan may be terminated at any time withrespect to the Fund as a whole or any class of shares individually, by the votes of the majority of both (i) the Board of Trusteesof the Fund and (ii) Independent Trustees. This Plan may remain in effect with respect to a particular class or classes ofshares of the Fund even if it has been terminated in accordance with this paragraph with respect to any other class of shares.

 

 

 

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IN WITNESS WHEREOF, the Fund has caused this Planto be executed by its officers thereunto duly authorized, as of [DATE].

 

 

[NAMEOF FUND]

 

 

 

By:	_______________________

	[                                 ]

	Vice Chairman, President

	and Principal Executive Officer

 

 

 

By:		______________________

	[                                 ]

	Secretary