Summary Prospectus by Investment Company (Form 497K)

For the following funds with the most recent summary and statutory prospectuses (as supplemented to date):

1. The table under the heading "Portfolio managers" in the "Management" section of the summary prospectus for AMCAP Fund is amended to read as follows:

2. The following is added to the section titled "The Capital System^TM" in the "Management and organization" section of the statutory prospectus for AMCAP Fund:

Brad Barrett, Partner, Capital Research Global Investors, serves as an equity portfolio manager for the fund. Brad has 25 years of investment experience (all with Capital Research and Management Company or affiliate). He has five years of experience in managing the fund and 17 years of prior experience as an investment analyst for the fund.

Cheryl E. Frank and Eric H. Stern no longer manage money in the fund.

3. The table under the heading "Portfolio managers" in the "Management" section of the summary prospectus for The New Economy Fund is amended to read as follows:

4. The following is added to the section titled "The Capital System^TM" in the "Management and organization" section of the statutory prospectus for The New Economy Fund:

Peter Gusev, Partner, Capital World Investors, serves as an equity portfolio manager for the fund. Peter has 29 years of investment experience in total (18 years with Capital Research and Management Company or affiliate). He has less than one year of experience in managing the fund.

Caroline Jones, Harold H. La and Reed Lowenstein no longer manage money in the fund.

5. The table under the heading "Portfolio managers" in the "Management" section of the summary prospectus for American Funds U.S. Small and Mid Cap Equity Fund is amended to read as follows:

6. The following is added to the section titled "The Capital System^TM" in the "Management and organization" section of the statutory prospectus for American Funds U.S. Small and Mid Cap Equity Fund:

M. Taylor Hinshaw, Partner, Capital World Investors, serves as an equity portfolio manager for the fund. Taylor has been an investment professional since 2002 (all with Capital Research and Management Company or affiliate). He has been managing in the fund since 2026.

Dimitrije M. Mitrinovic no longer manages money in the fund.

Keep this supplement with your summary and statutory prospectuses.

Lit. No. MFGESU-011-0126P CGD/TM/10039-S106810

THE FUND PROVIDES A SPANISH TRANSLATION OF THE ABOVE SUMMARY PROSPECTUS SUPPLEMENT IN CONNECTION WITH THE PUBLIC OFFERING AND SALE OF ITS SHARES. THE FOLLOWING IS A FAIR AND ACCURATE ENGLISH TRANSLATION OF A SPANISH LANGUAGE SUMMARY PROSPECTUS SUPPLEMENT FOR THE FUND.