My Accounts
ACCOUNT INFORMATION

View Portfolio

Portfolio Value History

Statements & Tax Forms

Account Forms

See My Accounts 

Select your location

  • Japan
  • International - other
  • Asia - other

Who are you ?

Adviser

Institutions & Consultants

Individual Investors

Select another location

Wer bist du ?

Institutionelle Investoren & Consultants

Finanzintermediäre

Privatanleger

Wählen Sie einen anderen Ort

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Qui êtes vous ?

Institutions et consultants

Intermédiaires financiers

Investisseurs particuliers

Sélectionnez un autre emplacement

Who are you ?

Individual Investors

Financial Advisors

Institutions and Consultants

Select another location

Qui êtes vous ?

Particuliers

Conseillers financiers

Institutions et consultants

Sélectionnez un autre emplacement

Who are you ?

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Qui êtes vous ?

Institutions et consultants

Intermédiaires financiers

Investisseurs particuliers

Sélectionnez un autre emplacement

Wer bist du ?

Institutionelle Investoren & Consultants

Finanzintermediäre

Privatanleger

Wählen Sie einen anderen Ort

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

機構投資者及顧問

金融中介

個人投資者

中國香港特別行政區

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

tu chi sei ?

Clienti Istituzionali

Intermediari e Consulenti Finanziari

Investitori privati

Seleziona un'altra posizione

Who are you ?

Financial Intermediaries

Individual Investors

Select another location

Wer bist du ?

Finanzintermediäre

Privatanleger

Wählen Sie einen anderen Ort

Wer bist du ?

Institutionelle Investoren & Consultants

Finanzintermediäre

Privatanleger

Wählen Sie einen anderen Ort

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Qui êtes vous ?

Institutions et consultants

Intermédiaires financiers

Investisseurs particuliers

Sélectionnez un autre emplacement

Who are you ?

Institutions & Consultants

Financial Intermediaries

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Quién eres tú ?

Instituciones y consultores

Intermediarios financieros

Inversores individuales

Seleccione otra ubicación

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Wer bist du ?

Institutionelle Investoren & Consultants

Finanzintermediäre

Privatanleger

Wählen Sie einen anderen Ort

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Qui êtes vous ?

Institutions et consultants

Intermédiaires financiers

Investisseurs particuliers

Sélectionnez un autre emplacement

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

FINANCIAL INTERMEDIARIES

Financial Professional

RIA

INVESTORS

Individual Investor

Private Client

Retirement Plan Investor

INSTITUTIONS

Institution or Consultant

RETIREMENT PLANS

Employer or Plan Sponsor

Third-Party Administrator

Select another location

Who are you ?

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

Back to select a different role

Who are you ?

U.S. Offshore Advisors

Select another location

Who are you ?

Offshore de EE. UU.

Select another location

Investment Fund

®

Share Class

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 $10.80 as of 10/02/2023 (updated daily)
Fund Assets (millions) $76,153.1
Portfolio Managers
4
Expense Ratio
0.59%
Prospectus (PDF)

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
-5.68%
1-year return
0.22%
5-year return
1.27%
10-year return
4.46%
30-Day SEC Yield
Returns as of 8/31/23 (updated monthly). Yield as of 8/31/23 (updated monthly).

Asset Mix

U.S. Equities0.1%
Non-U.S. Equities0.0%
U.S. Bonds87.2%
Non-U.S. Bonds10.1%
Cash & Equivalents
2.7%
As of 8/31/2023 (updated monthly)

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 12/31/2022.
ABNDX
Bloomberg U.S. Aggregate Index
VIEW LARGER CHART

High & Low Prices

Fund Statistics

6.3 years
Effective Duration
5.5%
Average Yield
to Worst
3.6%
Average Coupon
% of net assets as of 6/30/2023 (updated quarterly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 6/30/23 (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 8/31/2023
 $76,153.1
Companies/Issuers
Holdings are as of 6/30/2023 (updated quarterly).
 1155+
Shareholder Accounts
Shareholder accounts are as of 8/31/2023
 1,362,457
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

Internal Prompt

Month-End Returns as of 8/31/23

Returns at NAV
| With Sales Charge
Read important investment disclosures
ABNDX
Bloomberg U.S. Aggregate Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 6/30/23

Internal Prompt

Volatility & Return

Read important investment disclosures

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 08/31/2023 (updated monthly) . Annualized return as of 08/31/2023 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 3.18% N/A
Fund at MOP 3.06% 4.46%
As of 8/31/2023 (updated monthly)

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
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 RatingTM
Funds rated(415)
3-yr. Morningstar RatingTM
(415 funds rated)
5-yr. Morningstar RatingTM
(379 funds rated)
10-yr. Morningstar RatingTM
(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 8/31/2023 (updated monthly).

Risk Measures

Fund
Standard Deviation
4.32
Sharpe Ratio
0.14
For the 10 Years ending 8/31/23 (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 8/31/23 (updated monthly).
U.S. Treasuries/Agencies
26.9%
AAA/Aaa
34.5%
AA/Aa
5.0%
A
11.4%
BBB/Baa
14.5%
BB/Ba
3.4%
B
0.1%
Unrated
0.8%
Cash & equivalents
3.5%
% of net assets as of 6/30/2023 (updated quarterly)

Average Life Breakdown

0-4.9 Years
39.3%
5-9.9 Years
42.5%
10-19.9 Years
7.9%
20-29.9 Years
6.6%
30+ Years
0.2%
% of net assets as of 6/30/2023 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. government & government agency bonds & notes 26.9%
Asset-backed obligations 4.8%
Non-U.S. government/agency securities 1.1%
Municipal securities 0.5%

% of net assets as of 6/30/2023 (updated quarterly)

Top Fixed-Income Issuers

U.S. Treasury
26.9%
Fannie Mae
9.1%
UMBS
8.0%
Federal Home Loan Mortgage
7.4%
Ginnie Mae II
2.7%

% of net assets as of 6/30/2023 (updated quarterly)

Geographic Breakdown

Regions | Currency Weighting
| Top Countries
United States
86.0%
Europe
6.1%
Asia & Pacific Basin
2.4%
Other (Including Canada & Latin America)
2.0%
Cash & equivalents
3.5%
% of net assets as of 6/30/2023 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2023

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 10/02/23

FIND HISTORICAL DISTRIBUTIONS
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
Daily 03/31/23 04/03/23 $0.0358671 $0.00 $0.00 $0.00 $11.61
Daily 04/28/23 05/01/23 $0.0325853 $0.00 $0.00 $0.00 $11.63
Daily 05/31/23 06/01/23 $0.0349245 $0.00 $0.00 $0.00 $11.45
Daily 06/30/23 07/03/23 $0.0353482 $0.00 $0.00 $0.00 $11.34
Daily 07/31/23 08/01/23 $0.0350729 $0.00 $0.00 $0.00 $11.30
Daily 08/31/23 09/01/23 $0.0366589 $0.00 $0.00 $0.00 $11.19
Daily 09/29/23 10/02/23 $0.035549 $0.00 $0.00 $0.00 $10.88
2023 Year-to-Date: Dividends Subtotal: $0.29706479 Cap Gains Subtotal: $0.00
Total Distributions: $0.29706479

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 6/30/23 (updated quarterly).

Resources

Prospectuses & Reports for ABNDX