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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

FIXED INCOME

Seek more from Core with The Bond Fund of America®

RESILIENCE

The Bond Fund of America (BFA) has delivered strong results over time, and resilience when it was needed most.

 

BFA (Class F-2) percentile rankings as of March 31, 2021. Morningstar Intermediate Core Bond category

This exhibit shows the peer group percentile rankings for The Bond Fund of America for 1-, 3-, 5- and 10-year periods; these percentile rankings were 33, 2, 8 and 16, respectively.

Rankings based on total return. The number of funds in 1-, 3-, 5- and 10-year groups were 421, 385, 337 and 255, respectively.

 

The Morningstar rankings do not reflect the effects of sales charges, account fees or taxes. Past results are not predictive of results in future periods.

The Bond Fund of America takes a true core approach that provides elements of all four roles of fixed income. It also reflects the four beliefs that we find essential to investor success: distinctive investing approach, fundamental research, a long-term view and partnership with financial advisors.

 

BFA can help client portfolios stay on track

Looking for resilience when stock markets are unsettled? The Bond Fund of America has delivered strong equity diversification. 

Cumulative returns (%) during the five largest equity market declines since 2009

This exhibit shows the five largest equity market decline periods, as measured by the S&P 500 Index, since 2009. In all periods, The Bond Fund of America returned between 3.4% and negative 1.1% for the F-2 share class, while the equity index returned between negative 12.7% and negative 33.8%. In each period, the fund sharply outpaced the equity index, providing strong diversification.

The Bond Fund of America

Sources: Capital Group, Morningstar. As of 3/31/21.

The market indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index. Past results are not predictive of future results. Dates shown are representative of the five largest equity market declines (without dividends reinvested) in the unmanaged S&P 500 with at least 50% recovery persisting for more than one business day between declines. The returns are based on total returns. There have been periods when the fund has lagged the index, such as in rising equity markets.

EXCESS RETURNS

As the largest actively managed fund in Morningstar’s Core Bond category¹, BFA has consistently added value.

Average annualized excess returns for The Bond Fund of America and passive peers (%)2

This exhibit shows the 3-, 5- and 10-year rolling period returns versus respective benchmarks for The Bond Fund of America F-2 share class and its passive peers in Morningstar's Intermediate Core Bond category. In each period, The Bond Fund of America's annualized excess return was 0.43%, 0.36% and 0.48% respectively, while the passive peer average  excess return was negative 0.36%, negative 0.36% and negative 0.36%, respectively.

Sources: Capital Group, Bloomberg Index Services Ltd., Morningstar. As of 12/31/20. All passive peers reflects all passive bond strategies in Morningstar's Intermediate Core category.

Passive funds are not striving to outpace their benchmarks; rather, they seek to replicate the benchmark's return pattern.

 

 This graphic shows the icon for the Morningstar Analyst Rating of Silver, which has been awarded to The Bond Fund of America.
ALLOCATE RIGHT

Why should your fixed income be mostly Core? It’s simple: balance.

If, for example, your fixed income is dominated by Core-Plus, your portfolio could be more vulnerable than you think.

This exhibit shows the The Bond Fund of America provided 503 basis points of excess return over the Core-Plus category average during Coronavirus pandemic equity market decline period from February 19 through  March 23 in 2020.

Read important investment disclosures

Excess return of The Bond Fund of America® over the Core-Plus average during the most recent correction

Sources: Capital Group, Morningstar. As of 3/31/21.

The market indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index. Past results are not predictive of future results. Fund's excess return over Morningstar Intermediate Core-Plus category average in most recent market correction (2/19/2020-3/23/2020) shown above. Excess returns for the six prior correction periods were: 85 bps (9/20/2018-12/24/2018); 17 bps (1/29/2018-2/8/2018); 120 bps (11/4/2015-2/11/2016); 73 bps (5/22/2015-8/25/2015); 115 bps (5/2/2011-10/3/2011); 32 bps (4/24/2010-7/2/2010). Dates shown for market corrections are based on price declines of 10% or more (without dividends reinvested) in the unmanaged S&P 500 with at least 50% recovery between declines. There have been periods when the fund has lagged the Core-Plus category average.

Average annual total returns as of 3/31/21 (Class F-2)
  1 year 5 years 10 years
Standard & Poor’s 500 Composite Index 
56.35%
16.29%
13.91%
The Bond Fund of America
3.78
3.88
3.87
Morningstar Intermediate Core Bond Category Average 
2.79
3.11
3.34
Morningstar Intermediate Core-Plus Bond Category Average
6.63
3.85
3.83

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¹Source Morningstar. Size of fund versus peers as of 12/31/20.

²Respective rolling period excess returns shown over strategies' respective prospectus benchmark for passive peer groups net of fees from the Morningstar Intermediate Core category. Group of all passive peers includes passive Intermediate Core category strategies. Based on monthly data for the period 1/1/09 through 12/31/20. The number of rolling periods in 3-, 5-, and 10-year annual excess return timeframes were 109, 85 and 25, respectively. On January 1, 2009, The Bond Fund of America's strategy was repositioned from core plus to core fixed income, withits prospectus and guidelines adjusted accordingly.

³Source: Morningstar. Analyst rating based on Morningstar Global Fund Report for American Funds Bond Fund of America F-2, December 2, 2020. The Morningstar Analyst RatingTM is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark, or in the case of exchange-traded funds and index mutual funds, a relevant peer group, over the long term on a risk-adjusted basis. They consider quantitative and qualitative factors in their research, and the weight of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. A Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s conviction in a fund’s prospects for outperformance. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to global.morningstar.com/managerdisclosures/.

The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Group’s expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. View fund expense ratios and returns.

Returns shown at net asset value (NAV) have all distributions reinvested. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

There may have been periods when the fund(s) lagged the index(es). Certain market indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.

All Capital Group trademarks referenced are registered trademarks owned by The Capital Group Companies, Inc. or an affiliated company. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies.

Funds are managed, so holdings will change. 

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund. View results and yields without fee waiver and/or expense reimbursement.

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries.

The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. Investments in mortgage-related securities involve additional risks, such as prepayment risk, as more fully described in the prospectus.

Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.

Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for typical estimated expenses.

Bloomberg® is a trademark of Bloomberg Finance L.P. (collectively with its affiliates, “Bloomberg”). Barclays® is a trademark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Neither Bloomberg nor Barclays approves or endorses this material, guarantees the accuracy or completeness of any information herein and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith. Bloomberg Barclays U.S. Aggregate Index represents the U.S. investment-grade fixed-rate bond market.

Standard & Poor’s 500 Composite Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Capital Group. Copyright © 2021 S&P Dow Jones Indices LLC, a division of S&P Global, and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC.

The Core category contains portfolios that invest primarily in investment-grade U.S. fixed-income issues and hold less than 5% in below-investment-grade exposures. The Core-Plus category contains portfolios that invest primarily in investment-grade U.S. fixed-income issues but have greater flexibility than core offerings to hold non-core sectors such as corporate high yield, bank loan, emerging-markets debt, and non-U.S. currency exposures.

© 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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