Capital Research Advisors, LLC (“Capital Research Advisors, LLC”) is a registered investment adviser located in Suwanee, Georgia. Capital Research Advisors, LLC and its representatives are in compliance with the current filing requirements imposed upon a registered investment advisers by those states in which Capital Research Advisors, LLC maintains clients. Capital Research Advisors, LLC may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Capital Research Advisors, LLC’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Capital Research Advisors, LLC’s web site on the Internet should not be construed by any consumer and/or prospective client as Capital Research Advisors, LLC’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Capital Research Advisors, LLC with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Capital Research Advisors, LLC, please contact the state securities regulators for those states in which Capital Research Advisors, LLC maintains a notice filing. A copy of Capital Research Advisors, LLC’s current written disclosure statement discussing Capital Research Advisors, LLC’s business operations, services, and fees is available from Capital Research Advisors, LLC upon written request. Capital Research Advisors, LLC does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Capital Research Advisors, LLC web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Capital Research Advisors, LLC), will be profitable or equal any historical performance level(s).

Certain portions of Capital Research Advisors, LLC’s web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Capital Research Advisors, LLC (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Capital Research Advisors, LLC, or from any other investment professional. Capital Research Advisors, LLC is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.