Fund Details

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 $11.55 as of 3/30/2023 (updated daily)

Fund Assets (millions) $73,415.7

Portfolio Managers

Expense Ratio

0.59%

Prospectus (PDF)

Internal Prompt

Returns at NAV
Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Read important investment disclosures

-13.06%

1-year return

0.33%

5-year return

0.94%

10-year return

2.84%

30-Day SEC Yield

Returns as of 2/28/23 (updated monthly). Yield as of 2/28/23 (updated monthly).

Asset Mix

	U.S. Equities0.1%		Non-U.S. Equities0.0%
	U.S. Bonds85.7%		Non-U.S. Bonds11.0%
	Cash & Equivalents 3.3%

	U.S. Equities0.1%
	Non-U.S. Equities0.0%
	U.S. Bonds85.7%
	Non-U.S. Bonds11.0%
	Cash & Equivalents 3.3%

As of 2/28/2023 (updated monthly)

Growth of 10K
High & Low Prices

Growth of 10K

Read important investment disclosures

For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2022.

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ABNDX

Bloomberg U.S. Aggregate Index

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High & Low Prices

Fund Statistics

6.2 years

Effective Duration

5.1%

Average Yield
to Worst

Average Coupon

% of net assets as of 12/31/2022 (updated quarterly)

Morningstar Style Box^TM— Fixed-Income

Medium Quality

Moderate Interest-Rate Sensitivity

Morningstar data as } of 12/31/22 (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.

Maturity

Typically, the fund will be invested in intermediate- to long-term securities.

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 2/28/2023	$73,415.7
Companies/Issuers Holdings are as of 12/31/2022 (updated quarterly).	1022+
Shareholder Accounts Shareholder accounts are as of 2/28/2023	1,369,322
Regular Dividends Paid	Monthly

Minimum Initial Investment	$250
Capital Gains Paid	Jun, Dec
Portfolio Turnover (2022)	412%
Fiscal Year-End	Dec
Prospectus Date	03/01/2023
CUSIP	097873 10 3
Fund Number	8

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Internal Prompt

Month-End Returns as of 2/28/23
Quarter-End Returns as of 12/31/22

ANNUAL RETURNS CHART

Month-End Returns as of 2/28/23

Returns at NAV

| With Sales Charge

Read important investment disclosures

ABNDX

Bloomberg U.S. Aggregate Index

ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/22

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 02/28/2023 (updated monthly) . Annualized return as of 02/28/2023 (updated monthly) .

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Internal Prompt

Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	2.87%	N/A
Fund at MOP	2.76%	2.84%

As of 2/28/2023 (updated monthly)

Portfolio Management

Years of Experience with Fund

Years of Experience with Capital Group

Years of Experience with Investment Industry

Pramod Atluri 25 7 7

David J. Betanzos 23 21 7

David A. Hoag 35 32 14

Fergus N. MacDonald 30 19 8

Pramod Atluri	7	7	25
David J. Betanzos	7	21	23
David A. Hoag	14	32	35
Fergus N. MacDonald	8	19	30

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 Rating^TM Funds rated(407)
3-yr. Morningstar Rating^TM (407 funds rated)
5-yr. Morningstar Rating^TM (374 funds rated)
10-yr. Morningstar Rating^TM (277 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 2/28/2023 (updated monthly).

Risk Measures

Fund
Standard Deviation	4.32
Sharpe Ratio	0.12
For the 10 Years ending 2/28/23 (updated monthly).
	American Funds/ Morningstar Benchmark
	Bloomberg US Agg Bond TR USD
R-squared	98
Beta	1.00
Capture Ratio (Downside/Upside)	97/101
American Funds and Morningstar Benchmark for the 10 Years ending 2/28/23 (updated monthly).

Quality Summary

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U.S. Treasuries/Agencies

30.8%

AAA/Aaa

28.0%

AA/Aa

5.2%

10.2%

BBB/Baa

18.1%

BB/Ba

2.9%

0.1%

CCC & Below

0.0%

Unrated

0.9%

Cash & equivalents

3.5%

% of net assets as of 12/31/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years

47.4%

5-9.9 Years

33.9%

10-19.9 Years

6.6%

20-29.9 Years

7.9%

30+ Years

0.4%

% of net assets as of 12/31/2022 (updated quarterly)

Holdings

Bonds Breakdown

Total bond holdings

Corporate bonds, notes & loans + 33.2%

Financials	9.1%
Utilities	4.6%
Consumer discretionary	3.6%
Health Care	3.3%
Telecommunication services	3.1%
Industrials	2.8%
Energy	2.2%
Consumer staples	1.8%
Information technology	1.3%
Other corporate bonds, notes & loans	0.9%
Materials	0.5%

U.S. government & government agency bonds & notes 30.9%

Mortgage-backed obligations + 26.1%

Asset-backed obligations 4.0%

Non-U.S. government/agency securities 1.4%

Municipal securities 0.6%

% of net assets as of 12/31/2022 (updated quarterly)

U.S. Treasury

30.8%

UMBS

9.5%

Fannie Mae

5.3%

Ginnie Mae II

3.9%

Federal Home Loan Mortgage

3.6%

% of net assets as of 12/31/2022 (updated quarterly)

QUARTERLY HOLDINGS

Geographic Breakdown

Regions | Currency Weighting

| Top Countries

United States

85.1%

Europe

5.7%

Asia & Pacific Basin

2.4%

Other (Including Canada & Latin America)

3.1%

Cash & equivalents

3.7%

% of net assets as of 12/31/2022 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2023

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

Historical Distributions
as of 03/30/23

Historical Distributions as of 03/30/23

2023

Record Date	Calculated Date	Pay Date	Income Dividend Regular	Income Dividend Special	Cap. Gains Long-Term	Cap. Gains Short-Term	Reinvest NAV
Daily	01/31/23	02/01/23	$0.0270564	$0.00	$0.00	$0.00	$11.71
Daily	02/28/23	03/01/23	$0.0240026	$0.00	$0.00	$0.00	$11.36
		2023 Year-to-Date:	Dividends Subtotal: $0.05105901		Cap Gains Subtotal: $0.00
			Total Distributions: $0.05105901

Rate	As of Date
0.00118628	03/01/2023
0.00106221	03/02/2023
0.00156671	03/03/2023
0.00267413	03/06/2023
0.00164884	03/07/2023
0.00114930	03/08/2023
0.00116894	03/09/2023
0.00156964	03/10/2023
0.00267917	03/13/2023
0.00165655	03/14/2023
0.00113990	03/15/2023
0.00113530	03/16/2023
0.00139999	03/17/2023
0.00258981	03/20/2023
0.00167299	03/21/2023
0.00114038	03/22/2023
0.00117550	03/23/2023
0.00136592	03/24/2023
0.00276786	03/27/2023
0.00156882	03/28/2023
0.00113529	03/29/2023
0.00113031	03/30/2023

FIND HISTORICAL DISTRIBUTIONS

CURRENT DAILY DIVIDENDS

Rate		As of-Date
0.00118628		03/01/2023
0.00106221		03/02/2023
0.00156671		03/03/2023
0.00267413		03/06/2023
0.00164884		03/07/2023
0.00114930		03/08/2023
0.00116894		03/09/2023
0.00156964		03/10/2023
0.00267917		03/13/2023
0.00165655		03/14/2023
0.00113990		03/15/2023
0.00113530		03/16/2023
0.00139999		03/17/2023
0.00258981		03/20/2023
0.00167299		03/21/2023
0.00114038		03/22/2023
0.00117550		03/23/2023
0.00136592		03/24/2023
0.00276786		03/27/2023
0.00156882		03/28/2023
0.00113529		03/29/2023
0.00113031		03/30/2023

Fees & Expenses

Internal Prompt

Fees


Annual Management Fees	0.18%
Other Expenses	0.16%
Service 12b-1	0.25%

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

ABNDX	0.59%
Lipper Core Bond Funds Average	0.77%

Fund as of most recent prospectus. Lipper Category as of 12/31/22 (updated quarterly).

Resources

Prospectuses & Reports for ABNDX

Quarterly Fund Fact Sheet (PDF) 01/23
Summary Prospectus (PDF) 03/23
Prospectus (PDF) 03/23
Statement of additional information (PDF) 03/23
Semi-Annual Report (PDF) 08/22
Annual Report (PDF) 02/23

About Our Funds

Share Class Pricing Details
Stats Update (PDF)
Resource Guide (PDF)
4Q-2022 Quarterly Statistical Update (PDF)

ACCOUNT INFORMATION

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CAPITAL IDEAS

Investment Fund

The Bond Fund of America ® (ABNDX)

Summary

Returns at NAV

Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Asset Mix

Growth of 10K

High & Low Prices

Growth of 10K

High & Low Prices

Fund Statistics

Morningstar Style BoxTM— Fixed-Income

Description

Fund Facts

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Month-End Returns as of 2/28/23

Quarter-End Returns as of 12/31/22

Month-End Returns as of 2/28/23

Quarter-End Returns as of 12/31/22

Volatility & Return

Yield

Portfolio Management

Ratings & Risk

Morningstar Rating TM

Risk Measures

Quality Summary

Average Life Breakdown

Holdings

Bonds Breakdown

Bond Details

Top Fixed-Income Issuers

Geographic Breakdown

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

Historical Prices Month-End

Historical Prices Year-End

Historical Distributions

Historical Distributions as of 03/30/23

Fees & Expenses

Fees

Expense Ratio

Resources

Prospectuses & Reports for ABNDX

About Our Funds

Morningstar Style Box^TM— Fixed-Income

Morningstar Rating ^TM