Verschmelzung von Fonds der Capital Group

Capital Group hat uns darüber informiert, dass folgende Fonds zum 17. Juni 2016 fusionieren. Die Anteile des „abgebenden Fonds“ gehen damit in dem „aufnehmenden Fonds“ auf. Das Umtauschverhältnis wird von der Fondsgesellschaft vorgegebenen und am Fusionstag bekannt gemacht.

Fondsanteile des „abgebenden Fonds“ können über die FFB bis zum 08. Juni.2016 gekauft und zurückgegeben werden.
Bei der Fondszusammenlegung verfahren wir nach dem Vorschlag der Fondsgesellschaft. Pläne in den „abgebenden Fonds“ werden automatisch auf den „aufnehmenden Fonds“ umgestellt und dort fortgeführt. Beachten Sie hierbei jedoch eventuell abweichende Anlageschwerpunkte. Soll zur Abdeckung der ursprünglich verfolgten Anlageziele ein anderer Fonds genutzt werden, benötigen wir einen neuen schriftlichen Auftrag.

Wir weisen darauf hin, dass die Verschmelzung für unsere gemeinsamen Kunden unter Umständen steuerliche Konsequenzen hat. Wir empfehlen den Kunden daher, sich bei ihrem Steuer- bzw. Finanzberater über die steuerlichen Auswirkungen zu informieren.
Kunden des aufnehmenden Fonds werden ebenfalls über die Fusion informiert.
Den dauerhaften Datenträger der Fondsgesellschaft haben wir Ihnen beigelegt. Für die Verwahrung und Administration von Anteilen und die Umsetzung von Aufträgen verweisen wir auf unsere allgemeinen Geschäftsbedingungen und unser Preis- und Leistungsverzeichnis.
Freundliche Grüße
FFB-Vertriebspartnerbetreuung

10 May 2016
Capital International Fund
Société d’Investissement à Capital Variable organised under the laws of the Grand Duchy of Luxembourg
Trade and Companies Register of Luxembourg: B 8833
Notification of the merger of Capital Group US Growth and Income Fund (LUX) into Capital Group Investment Company of America (LUX) under the CIF umbrella
Dear Investor,
We would like to inform you that the Board of Directors has decided to merge Capital Group US Growth and Income Fund (LUX) (‘CGUSGILU’, the ‘Absorbed Sub-Fund‘) into Capital Group Investment Company of America (LUX) (‘CGICALU’, the ‘Absorbing Sub-Fund‘), both being sub-funds of the Capital International Fund umbrella (‘CIF’).
The Investment Company of America (‘ICA’) strategy, Capital Group’s longest-established investment strategy, launched in 1934, was previously only available to US investors but we are now making it available outside of the US via CGICALU. The ICA strategy, which has been proven over eight decades of investing, has typically offered long-term returns at lower volatility and with greater downside protection.
It also provides access to a wider portfolio management team – CGUSGILU is managed by a subset of this team. This broader team offers an extra layer of diversification and balance to the portfolio while maintaining the same high conviction investment approach.
If you would like to participate in the merger you need take no further action other than consider the content of this letter. The merger will take place on 17 June 2016 and your holdings will be automatically merged into the Absorbing Sub-Fund.
Investment objectives
CGICALU will share a similar investment strategy with CGUSGILU. Both sub-funds seek to achieve longterm growth of capital and income through investment in listed equity of issuers domiciled and/or having their principal place of business in the USA. CGICALU has a stated objective of also seeking potential for capital appreciation and future dividends. Both sub-funds share a similar investment universe: for CGUSGILU, the USA; for CGICALU, the USA and any country included at any time in the MSCI World Index, Luxembourg and Emerging Markets (as defined in the Company’s prospectus) with a possibility to invest up to 15% of its assets outside the USA (whereas CGUSGILU may invest up to 10% of its assets in securities of issuers that are not domiciled nor have their principal place of business in the USA).
CGICALU will launch on 17 June 2016. With the merger we will be able to offer access to an exposure to the US through a time-tested approach. We continually explore ways in which we can offer the best service to our investors, and we believe that the merger of these two funds is in line with this objective.

Lower fee for Z share class until 30 June 2018
We are pleased to announce that the management fee for class Z and equivalent shares in CGICALU will be reduced by 10bps to 65bps until 30 June 2018. The fund administration fee, custody fee, sales charge, management fee (other than for class Z as mentioned above) and redemption charge applying to CGICALU will remain the same. It is therefore expected that the total expense ratios at share class level will be unchanged in CGICALU, except for class Z and equivalent shares where the total expense ratio will benefit from the temporary lower management fee. In addition, we can confirm that whilst transaction costs related to the repositioning of the Absorbed Sub-Fund’s portfolio and its transfer into the Absorbing Sub-Fund will be supported by the investors of the Absorbed Sub-Fund, all legal, administrative and advisory costs related to the merger will be covered by Capital Group.
To keep transaction costs to the minimum and to maintain exposure to the market, we plan to transfer the majority of the existing securities of the Absorbed Sub-Fund into the Absorbing Sub-Fund. The remaining securities that cannot be transferred will be sold and new securities purchased in the Absorbing Sub- Fund in a timely manner in the days leading up to and including the merger. However, investors participating in the merger should note that it may not be possible to ensure the same degree of exposure to the market up to and including the effective date of the merger.
Important information
We would like to draw your attention to the enclosed Key Investor Information Documents (KIIDs), which outline the main features of CGICALU, and emphasize the importance of reading it. As indicated above, CGICALU will be launched on 17 June 2016 and hence, the KIIDs of CGICALU only enter into force and be available on our website: thecapitalgroup.com/emea on that date. A copy of the KIIDs can also be requested free of charge at the registered office of the Company. You will also find in the attached table the Synthetic Risk and Reward Indicator (SRRI) per share class and currency in both the Absorbed Sub- Fund and the Absorbing Sub-Fund. (Global exposure in both the Absorbed Sub-Fund and the Absorbing Sub-Fund is calculated in accordance with the commitment approach1.)
For investors holding shares in dividend-distributing share classes of the Absorbed Sub-Fund, a special dividend distribution made out of the investment income accrued previously to the merger will take place on 10 June 2016. The dividend policy which currently applies to the relevant Absorbed Sub-Fund share class will apply in the same way to the new corresponding share class of the Absorbing Sub-Fund. For investors in these share classes electing to redeem out of the said share classes before 10 June 2016, they will receive their portion of the investment income accrued up to the redemptions date, as part of their redemption proceeds. The treatment of their redemption will not differ from any regular redemption.
Should you wish to read the report prepared by CIF’s approved statutory auditor, you can obtain it upon request at the registered office of the Company: 6C, route de Trèves, L–2633 Senningerberg, Luxembourg.
1 As per relevant Luxembourg law risk management requirement approach.
Taxation
Whilst we do not expect the merger to be a taxable event in many jurisdictions, it is possible that you may be resident and pay taxes in a country where the merger could trigger taxation (including, in particular, capital gains tax).
We encourage you to seek the assistance of an independent financial professional or tax adviser to assess the potential financial impact the merger will have in your particular situation.
Next steps
Investors will receive a number of shares at the net asset value per share prevailing on the effective date of the merger in the relevant class in the Absorbing Sub-Fund, in proportion to the total value of the shares they hold in the corresponding class in the Absorbed Sub-Fund. The Absorbing Sub-Fund being empty on the effective date of the merger, the initial net asset value per share will be USD ten (10) or the equivalent net asset value per share in the currency of the share class. The exchange ratio will be calculated for each class by dividing the net asset value per share of such class in the Absorbed Sub-Fund calculated on the effective date by USD ten (10) or equivalent.
If you do not wish to proceed with the merger you may redeem your shares in the Absorbed Sub-Fund without any redemption charges being applied and in accordance with the provisions of the CIF prospectus until 10 June 2016. Please note that subscriptions, redemptions and switches in the Absorbed Sub-Fund will be discontinued as from 13 June 2016 inclusive until the effective date of the merger.
Investors not having made use of the redemption right granted within the time limit referred to in the first sentence above shall be able to exercise their rights as shareholders of the Absorbing Sub-Fund from 20 June 2016.
If you have any questions about this letter or your investment with Capital Group, please contact our Investor Services Team on +41 22 807 4800. Alternatively, you can email your query to ist@capgroup.com. For more information, or if you would prefer to read this letter in French, Italian or Spanish, please visit our website: thecapitalgroup.com/emea. The latest CIF prospectus is also available on this website.
Thank you for investing with Capital Group.
Yours faithfully,
Sinisa Vacic
Senior Manager, Investor Services
On behalf of the Board of Directors