David A. Hoag

Capital Research & Management Co. (CRMC) is a SEC-registered investment advisor headquartered in Los Angeles, California. The firm was founded by Jonathan Bell Lovelace in 1931 and operates as a wholly-owned subsidiary of The Capital Group Companies, Inc. CRMC provides investment management services to registered investment companies and other pooled investment vehicles. In addition, the firm serves as the investment adviser to Capital Bank and Trust Company in its capacity as the trustee of certain collective investment trusts that are exempt from SEC registration. They also provide investment management and related services to participants in managed account programs.

Capital Guardian Trust Co. (CGTC) is a registered investment advisor headquartered in Los Angeles, California. The firm is a wholly-owned subsidiary of Capital Group International, Inc., ultimately held by The Capital Group Cos., Inc. The Capital Group Companies form one of the most experienced families of investment management firms in the world, dating to 1931, and have always been privately held. CGTC was chartered in 1968 under California banking laws as a non-depository trust company. They provides investment management and advisory services to large corporate and public pension plans, financial institutions, registered investment companies, endowments and foundations, foreign investors, and certain affiliated companies. In addition, the firm serves as the investment advisor to the trustee for privately-offered collective investment trusts that are exempt from SEC registration. CGTC also provides investment management to individuals, corporations, foundations, trusts and other investors through wrap fee programs or separate account client programs. The firm provides investment management and trust services to high net-worth individuals and trusts through the Capital Group Private Client Services (CGPCS) division.