Summary
Internal Prompt
A high-quality core bond portfolio with broad diversification. The fund has the ability to invest in every sector of the bond market and pursue multiple sources of active return, with a limited percentage of below-investment-grade holdings. This approach may help diversify equity risk in a portfolio.
Price at NAV $11.11 as of 5/24/2024 (updated daily)
Fund Assets (millions) $82,551.0
Portfolio Managers 5
Expense Ratio
(Gross/Net %) 0.62 / 0.62%
Prospectus (PDF)
Internal Prompt
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Returns at NAV
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Returns with Sales Charge
Returns at NAV
Returns with Sales Charge
Read important investment disclosures
-5.59%
1-year return
-0.45%
5-year return
0.94%
10-year return
4.64%
30-Day SEC Yield
Returns as of 4/30/24 (updated monthly). Yield as of 4/30/24 (updated monthly).
Asset Mix
U.S. Equities0.1% | Non-U.S. Equities0.0% | ||
U.S. Bonds87.4% | Non-U.S. Bonds9.2% | ||
Cash & Equivalents 3.4% |
U.S. Equities0.1% | |
Non-U.S. Equities0.0% | |
U.S. Bonds87.4% | |
Non-U.S. Bonds9.2% | |
Cash & Equivalents 3.4% |
As of 4/30/2024(updated monthly)
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Growth of 10K
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High & Low Prices
Growth of 10K
Read important investment disclosures
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2023.
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ABNDX
Bloomberg U.S. Aggregate Index
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High & Low Prices
Fund Statistics
6.1 years Effective Duration | 5.8% Average Yieldto Worst | 4.3% Average Coupon |
% of net assets as of 4/30/2024 (updated monthly)
Morningstar Style BoxTM— Fixed-Income
High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 3/31/24 (updated quarterly)
Description
Fund Objective
The fund's investment objective is to provide as high a level of current income as is consistent with the preservation of capital.
Distinguishing Characteristics
Taking a broadly diversified, high-quality approach, this core bond fund has the ability to invest in every sector of the bond market and pursue multiple sources of active return, with a limited percentage of below-investment-grade holdings. This approach may help diversify equity risk in a portfolio. The fund draws on our experience in managing U.S. core bonds since 1973 and a 90-year heritage of investing in U.S. markets.
Types of Investments
Primarily invests in corporate debt securities, U.S. and other government securities, mortgage-related securities and cash.
Holdings Outside the U.S.
May invest in fixed-income securities of corporations and government entities outside the United States.
Portfolio Restrictions
The fund generally invests at least 80% of its assets in bonds, including corporate bonds, U.S. government securities and money market instruments. At least 60% of its assets will be invested in securities rated A3/A- or better at the time of purchase (or unrated but determined by the fund’s investment adviser to be of equivalent quality). It is the fund’s current practice not to invest more than 10% of its assets in debt securities rated Ba1 and BB+ or below.
Fund Facts
Fund Inception | 5/28/1974 |
Fund Assets (millions) As of 4/30/2024 | $82,551.0 |
Companies/Issuers Holdings are as of 4/30/2024 (updated monthly). | 1253+ |
Shareholder Accounts Shareholder accounts are as of 4/30/2024 | 1,340,187 |
Regular Dividends Paid | Monthly |
Minimum Initial Investment | $250 |
Capital Gains Paid | Jun, Dec |
Portfolio Turnover (2023) | 466% |
Fiscal Year-End | Dec |
Prospectus Date | 03/01/2024 |
CUSIP | 097873 10 3 |
Fund Number | 8 |
Internal Prompt
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Month-End Returns as of 4/30/24
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Quarter-End Returns as of 3/31/24
ANNUAL RETURNS CHART
Month-End Returns as of 4/30/24
|
With Sales ChargeRead important investment disclosures
ABNDX
Bloomberg U.S. Aggregate Index
ANNUAL RETURNS CHART
Quarter-End Returns as of 3/31/24
Internal Prompt
Volatility & Return
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Fixed-Income
For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the fixed income funds
ABNDX
Bloomberg U.S. Aggregate Index
Other AF Funds
Standard Deviation as of 04/30/2024 (updated monthly) . Annualized return as of 04/30/2024 (updated monthly).
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Internal Prompt
Yield
12-month | ||
Distribution Rates | 30-day SEC Yield | |
Fund at NAV | 4.07% | N/A |
Fund at MOP | 3.92% | 4.64% |
As of 4/30/2024 (updated monthly)
Portfolio Management
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Pramod Atluri2088
David J. Betanzos26228
David A. Hoag363215
Fergus N. MacDonald31209
Chitrang Purani2021
Pramod Atluri | 8 | 8 | 20 | |
David J. Betanzos | 8 | 22 | 26 | |
David A. Hoag | 15 | 32 | 36 | |
Fergus N. MacDonald | 9 | 20 | 31 | |
Chitrang Purani | 1 | 2 | 20 |
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.
Ratings & Risk
Morningstar Rating TM
Overall Morningstar RatingTM Funds rated(430) | |
3-yr. Morningstar RatingTM (430 funds rated) | |
5-yr. Morningstar RatingTM (385 funds rated) | |
10-yr. Morningstar RatingTM (274 funds rated) | |
Overall Morningstar Risk | Average HIGH LOW |
Category | Intermediate Core Bond |
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 4/30/2024 (updated monthly).
Risk Measures
Fund | ||
Standard Deviation | 4.82 | |
Sharpe Ratio | -0.02 | |
For the 10 Years ending 4/30/24 (updated monthly). | ||
American Funds/ Morningstar Benchmark | ||
Bloomberg US Agg Bond TR USD | ||
R-squared | 98 | |
Beta | 0.99 | |
Capture Ratio (Downside/Upside) | 97/99 | |
American Funds and Morningstar Benchmark for the 10 Years ending 4/30/24 (updated monthly). |
Quality Summary
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U.S. Treasuries/Agencies
20.4%
AAA/Aaa
43.4%
AA/Aa
3.4%
A
13.0%
BBB/Baa
13.4%
BB/Ba
2.2%
B
0.1%
CCC & Below
0.0%
Unrated
0.7%
Cash & equivalents
3.3%
% of net assets as of 4/30/2024 (updated monthly)
Average Life Breakdown
0-4.9 Years
40.1%
5-9.9 Years
45.4%
10-19.9 Years
4.9%
20-29.9 Years
5.5%
30+ Years
0.2%
% of net assets as of 3/31/2024 (updated monthly)
Bonds Breakdown
Bond Details
Total bond holdings
Mortgage-backed obligations + 39.6% | |
Corporate bonds, notes & loans + 29.2% | |
U.S. Treasury bonds & notes 20.9% | |
Asset-backed obligations 5.4% | |
Non-U.S. government/agency securities 0.7% | |
General obligation bonds 0.3% | |
Revenue bonds 0.1% |
% of net assets as of 3/31/2024 (updated quarterly)
Top Fixed-Income Issuers
U.S. Treasury
20.6%
Fannie Mae
12.5%
UMBS
10.9%
Federal Home Loan Mortgage
10.2%
Ginnie Mae II
2.1%
% of net assets as of 3/31/2024 (updated quarterly)
QUARTERLY HOLDINGS
Prices & Distributions
Internal Prompt
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Historical Prices Month-End
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Historical Prices Year-End
FIND HISTORICAL PRICES
Historical Prices Month-End
2024 |
FIND HISTORICAL PRICES
Historical Prices Year-End
Internal Prompt
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Historical Distributions as of 05/24/24
Historical Distributions as of 05/24/24
FIND HISTORICAL DISTRIBUTIONS
CURRENT DAILY DIVIDENDS
2024 |
Record Date | Calculated Date | Pay Date | Income Dividend Regular | Income Dividend Special | Cap. Gains Long-Term | Cap. Gains Short-Term | Reinvest NAV |
Daily | 01/31/24 | 02/01/24 | $0.0389038 | $0.00 | $0.00 | $0.00 | $11.44 |
Daily | 02/29/24 | 03/01/24 | $0.0369612 | $0.00 | $0.00 | $0.00 | $11.22 |
Daily | 03/28/24 | 04/01/24 | $0.0390186 | $0.00 | $0.00 | $0.00 | $11.28 |
Daily | 04/30/24 | 05/01/24 | $0.0405314 | $0.00 | $0.00 | $0.00 | $10.96 |
2024 Year-to-Date: | Dividends Subtotal: $0.15541498 | Cap Gains Subtotal: $0.00 | |||||
Total Distributions: $0.15541498 |
Daily Dividend Accrual
for Pay Date
Close
Rate | As of Date |
---|---|
0.00130553 | 05/01/2024 |
0.00128230 | 05/02/2024 |
0.00138554 | 05/03/2024 |
0.00335467 | 05/06/2024 |
0.00178309 | 05/07/2024 |
0.00128543 | 05/08/2024 |
0.00132656 | 05/09/2024 |
0.00137931 | 05/10/2024 |
0.00335806 | 05/13/2024 |
0.00180667 | 05/14/2024 |
0.00132728 | 05/15/2024 |
0.00131982 | 05/16/2024 |
0.00135434 | 05/17/2024 |
0.00332129 | 05/20/2024 |
0.00187745 | 05/21/2024 |
0.00132280 | 05/22/2024 |
0.00133131 | 05/23/2024 |
0.00125973 | 05/24/2024 |
FIND HISTORICAL DISTRIBUTIONS
CURRENT DAILY DIVIDENDS
Current Daily
Dividend Accrual
Close
Rate | As of-Date | |
---|---|---|
0.00130553 | 05/01/2024 | |
0.00128230 | 05/02/2024 | |
0.00138554 | 05/03/2024 | |
0.00335467 | 05/06/2024 | |
0.00178309 | 05/07/2024 | |
0.00128543 | 05/08/2024 | |
0.00132656 | 05/09/2024 | |
0.00137931 | 05/10/2024 | |
0.00335806 | 05/13/2024 | |
0.00180667 | 05/14/2024 | |
0.00132728 | 05/15/2024 | |
0.00131982 | 05/16/2024 | |
0.00135434 | 05/17/2024 | |
0.00332129 | 05/20/2024 | |
0.00187745 | 05/21/2024 | |
0.00132280 | 05/22/2024 | |
0.00133131 | 05/23/2024 | |
0.00125973 | 05/24/2024 |
Internal Prompt
Fees
Annual Management Fees | 0.20% |
Other Expenses | 0.17% |
Service 12b-1 | 0.25% |
As of each fund's most recent prospectus.
Internal Prompt
Expense Ratio
ABNDX | 0.62% |
Lipper Core BondFunds Average | 0.77% |
Fund as of most recent prospectus. Lipper Category as of 3/31/24 (updated quarterly).
Resources
Prospectuses & Reports for ABNDX
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Quarterly Fund Fact Sheet (PDF) 05/24
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Summary Prospectus (PDF) 03/24
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Prospectus (PDF) 03/24
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Statement of additional information (PDF) 03/24
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Semi-Annual Report (PDF) 08/23
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Annual Report (PDF) 02/24
About Our Funds
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Share Class Pricing Details
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Stats Update (PDF)
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Resource Guide (PDF)
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1Q-2024 Quarterly Statistical Update (PDF)