**PLAN OF DISTRIBUTION**

**of**

**[Nameof fund]**

**relating to its**

**CLASS R-2E SHARES**

 

 

WHEREAS, [Name Of Fund] (the “Fund”)is a [Delaware statutory trust] that offers various classes of shares of [common stock/beneficial interest];

 

WHEREAS, American Funds Distributors, Inc. (“AFD”)or any successor entity designated by the Fund (AFD and any such successor collectively are referred to as “Distributor”)will serve as distributor of the shares of [common stock/beneficial interest] of the Fund, and the Fund and Distributor are partiesto a principal underwriting agreement (the “Agreement”);

 

WHEREAS, the purpose of this Plan of Distribution(the “Plan”) is to authorize the Fund to bear expenses of distribution and servicing of its Class R-2E shares; and

 

WHEREAS, the Board of Trustees of the Fund hasdetermined that there is a reasonable likelihood that this Plan will benefit the Fund and its shareholders;

 

NOW, THEREFORE, the Fund adopts this Plan as follows:

 

1.	**Payments to Distributor.** TheFund may expend pursuant to this Plan and as set forth below an aggregate amount not to exceed .85% per annum of the average dailynet assets of the Fund’s Class R-2E shares.

 

The categories of expenses permitted under thisPlan include service fees (“Service Fees”) in an amount not to exceed .25%, and distribution fees (“DistributionFees”) in an amount not to exceed .60%, each such percentage being per annum of the average daily net assets of the Fund’sClass R-2E shares. Expenditures characterized as Distribution Fees may, nonetheless, be used to provide shareholder services. Theactual amounts paid shall be determined by the Board of Trustees. The Service Fee compensates the Distributor for service-relatedexpenses, including paying Service Fees to others in respect of Class R-2E shares of the Fund. The Distribution Fee compensatesthe Distributor for providing distribution services in respect of Class R-2E shares of the Fund. Notwithstanding the foregoing,the Distributor will receive such fees only with respect to accounts to which a broker-dealer (or other intermediary) other thanthe Distributor has been assigned at anytime during the payment period.

 

2.	**Approval by the Board.** ThisPlan shall not take effect until it has been approved, together with any related agreement, 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 Investment Company Act of 1940) and have no direct or indirect financial interest in the operation of this Planor any agreement related to it (the “Independent Trustees”), cast in person at a meeting called for the purpose ofvoting on this Plan and/or such agreement.

3.	**Review of Expenditures.** Atleast quarterly, the Board of Trustees shall be provided by any person authorized to direct the disposition of monies paid or payableby the Fund pursuant to this Plan or any related agreement, and the Board shall review, a written report of the amounts expendedpursuant to this Plan and the purposes for which such expenditures were made.

 

4.	**Termination of Plan.** This Planmay be terminated as to the Fund’s Class R-2E shares at any time by vote of a majority of the Independent Trustees, or byvote of a majority of the outstanding Class R-2E shares of the Fund. Unless sooner terminated in accordance with this provision,this Plan shall continue in effect until [DATE]. It may thereafter be continued from year to year in the manner provided for inparagraph 2 hereof.

 

5.	**Requirements of Agreement.**Anyagreement related to this Plan shall be in writing, and shall provide:

 

 

 

6.	**Amendment.**This Plan may notbe amended to increase materially the maximum amount of fees or other distribution expenses provided for in paragraph 1 hereofwith respect to the Class R-2E shares of the Fund unless such amendment is approved by vote of a majority of the outstanding votingsecurities of the Class R-2E shares of the Fund and as provided in paragraph 2 hereof, and no other material amendment to thisPlan shall be made unless approved in the manner provided for in paragraph 2 hereof.

 

7.	**Nomination of Trustees.**Whilethis Plan is in effect, the selection and nomination of Independent Trustees shall be committed to the discretion of the IndependentTrustees of the Fund.

 

8.	**Issuance of Series of Shares.**Ifthe Fund shall at any time issue shares in more than one series, this Plan may be adopted, amended, continued or renewed with respectto a series as provided herein, notwithstanding that such adoption, amendment, continuance or renewal has not been effected withrespect to any one or more other series of the Fund.

 

9.	**Record Retention.**The Fundshall preserve copies of this Plan and any related agreement and all reports made pursuant to paragraph 3 hereof for not less thansix (6) years from the date of this Plan, or such agreement or reports, as the case may be, the first two (2) years of which suchrecords shall be stored in an easily accessible place.

 

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