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0.0008 0.0395 0.0047 0.0716 0.0395 0.0047 0.0716 0.7417 0.1057 0.0360 0.0008 0.0008 0.0395 0.0047 0.7417 0.1057 0.0360 0.0716 0.0008 0.0395 0.0047 0.0716 0.7417 0.1057 0.0360 0.0008 0.0395 0.0047 0.0716 0.7417 0.1057 0.0360 0.7417 0.1057 0.0360 0.0008 0.0395 0.0047 0.0716 0.0716 0.7417 0.1057 0.0360 0.0008 0.0395 0.0047 0.0360 0.0008 0.0395 0.0047 0.0716 0.7417 0.1057 2026-03-31 American High-Income Trust® Class A AHITX This semi-annual shareholder report contains important information about American High-Income Trust<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>(the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-A</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-A (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class A</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>37</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 37 0.0073 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585399.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagr<div style="display:inline;">eeme</div>nts with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class C AHTCX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-C</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-C (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class C</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>73</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">1.46<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 73 0.0146 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585443.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class T TAHIX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class T</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>22</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 22 0.0044 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1586191.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was di<div style="letter-spacing: 0px; top: 0px;display:inline;">smi</div>ssed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class F-1 AHTFX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-F1</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-F1 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class F-1</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>37</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 37 0.0074 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585487.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with ac<div style="display:inline;">coun</div>tants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class F-2 AHIFX This semi-annual shareholder report contains important information about American High-Income Trust<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>(the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-F2</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-F2 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class F-2</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>23</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 23 0.0045 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585531.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with acc<div style="display:inline;">ount</div>ants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class F-3 HIGFX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-F3</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-F3 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class F-3</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>17</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 17 0.0034 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1586103.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accou<div style="display:inline;">ntan</div>ts</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class 529-A CITAX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-529A</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-529A (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-A</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>37</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 37 0.0074 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585575.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class 529-C CITCX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-529C</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-529C (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-C</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>75</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">1.50<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 75 0.015 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statist<div style="display:inline;">ics</div></div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585619.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class 529-E CITEX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-529E</div></div>. You can also request this information by contacting us at<div style="background-color:#ffffff;display:inline;"> </div><div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-529E (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-E</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>47</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 47 0.0094 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585707.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dis<div style="letter-spacing: 0px; top: 0px;display:inline;">mis</div>sed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class 529-T TAIHX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature</div></div>. You can also request this information by contacting us at<div style="background-color:#ffffff;display:inline;"> </div><div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six <div style="letter-spacing: 0px; top: 0px;display:inline;">mo</div>nths?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-T</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>25</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.50<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 25 0.005 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1586147.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class 529-F-1 CITFX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-529F1</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-529F1 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-F-1</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 27 0.0054 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund stat<div style="display:inline;">isti</div>cs</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585663.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class 529-F-2 FAHHX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-529F2</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-529F2 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-F-2</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>22</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 22 0.0044 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1586235.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class 529-F-3 FTAHX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-529F3</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-529F3 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-F-3</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>20</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 20 0.0039 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1586279.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class R-1 RITAX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-R1</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-R1 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-1</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>72</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 72 0.0143 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585751.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with a<div style="display:inline;">ccoun</div>tants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class R-2 RITBX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-R2</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-R2 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-2</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>72</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 72 0.0143 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585795.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class R-2E RTEHX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-R2E</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-R2E (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-2E</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>57</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">1.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 57 0.0114 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1586015.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class R-3 RITCX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-R3</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-R3 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <div style="margin-bottom: 4pt;"> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-3</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>50</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 50 0.0099 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585839.jpg" style="float: right; width: 300pt;"/> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class R-4 RITEX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-R4</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-R4 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <div style="margin-bottom: 4pt;"> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-4</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>35</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.69<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*<div style="letter-spacing: 0px; top: 0px;display:inline;">Annualized</div>.</div> 35 0.0069 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585883.jpg" style="float: right; width: 300pt;"/> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class R-5E RITHX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-R5E</div></div>. You can also request this information by contacting us at<div style="background-color:#ffffff;display:inline;"> </div><div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-R5E (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the f<div style="letter-spacing: 0px; top: 0px;display:inline;">un</div>d costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <div style="margin-bottom: 4pt;"> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-5E</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>25</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 25 0.0049 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1586059.jpg" style="float: right; width: 300pt;"/> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class R-5 RITFX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-R5</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-R5 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypo<div style="display:inline;">the</div>tical $10,000 investment)</div> </div> <div style="margin-bottom: 4pt;"> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-5</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>20</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 20 0.004 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585927.jpg" style="float: right; width: 300pt;"/> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 American High-Income Trust® Class R-6 RITGX This semi-annual shareholder report contains important information about American High-Income Trust (the "fund") for the period from October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: &quot;Times New Roman&quot;; color: rgb(0, 95, 158); font-size: 10pt; letter-spacing: -0.05pt; line-height: 15pt; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">capitalgroup.com/mutual-fund-literature-R6</div></div>. You can also request this information by contacting us at <div style="background-color:#ffffff;display:inline;">(800) 421-4225</div><div style="background-color:#ffffff;display:inline;">.</div> capitalgroup.com/mutual-fund-literature-R6 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bolder;display:inline;width:100%;">What were the fund costs for the last six months?</div> (based on a hypothetical $10,000 investment)</div> </div> <div style="margin-bottom: 4pt;"> <table style="text-align:start; break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse; border-bottom-color: rgb(153, 153, 153); border-bottom-style: solid; border-bottom-width: 0.5pt; margin-bottom: 3pt;"> <tr style="break-after: avoid; border-bottom-style: none; border-bottom-width: initial; break-inside: avoid-page; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Share class</div></td> <td style="break-inside: avoid-page; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: &quot;Times New Roman&quot;; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: initial initial;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-6</td> <td style="break-inside: avoid-page; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>17</td> <td style="break-inside: avoid-page; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style=";display:inline;vertical-align: super;font-size:9.2px">*</div></td> </tr> </table> </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 8pt; line-height: 8.5pt; color: rgb(0, 0, 0); margin-bottom: 4pt;">*Annualized.</div> 17 0.0034 <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 18pt;">Key fund statistics</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>27,338</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">1,071</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; white-space: nowrap; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 27338000000 1071 0.15 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt; margin-top: 18pt;"><div style="font-family: 'Times New Roman'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bolder;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-right: 0; display: inline-block; padding-left: 25pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1585971.jpg" style="float: right; width: 300pt;"/> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> <div style="font-family: 'Times New Roman'; font-weight: bold; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); margin-bottom: 2.0016pt; margin-top: 10pt; clear: both;">Changes in and disagreements with accountants</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 10pt;">On September 9, 2025, Deloitte &amp; Touche LLP (“D&amp;T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending September 30, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended September 30, 2024 and September 30, and the subsequent interim period through November 10, 2025, were there any disagreements between management and D&amp;T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.</div> 2025-09-09 Annualized. Includes derivatives.