Select your location

  • Japan
  • U.S. Offshore
  • International - other
  • Asia - other

Who are you ?

Select another location

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Qui êtes vous ?

Sélectionnez un autre emplacement

Who are you ?

Select another location

Qui êtes vous ?

Sélectionnez un autre emplacement

Wer bist du ?

Wählen Sie einen anderen Ort

Who are you ?

Select another location

Who are you ?

中國香港特別行政區

Who are you ?

Select another location

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Who are you ?

Select another location

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Who are you ?

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

Investment Fund

SM

Share Class
Purchase Restrictions: Class R-2 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
A differentiated approach to core plus investing. This fund seeks higher returns than core bond funds with generally low equity correlation. It aims to drive returns primarily through interest rate, yield curve and inflation positioning, generally resulting in liquid investments with high credit quality. Flexibility to invest in extended bond sectors on an opportunistic basis.
Price at NAV $9.40 as of 6/06/2023 (updated daily)
Fund Assets (millions) $17,973.4
Portfolio Managers
4
Expense Ratio
1.37%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds87.8%
Non-U.S. Bonds9.0%
Cash & Equivalents
3.2%
As of 4/30/2023 (updated monthly)

Growth of 10K

High & Low Prices

Fund Statistics

5.8 years
Effective Duration
4.5%
Average Yield
to Worst
2.4%
Average Coupon
% of net assets as of 3/31/2023 (updated quarterly)

Morningstar Style BoxTM— Fixed-Income

Medium Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 3/31/23 (updated quarterly)

Description

Fund Objective
The fund’s investment objective is to provide maximum total return consistent with preservation of capital.
Distinguishing Characteristics
This differentiated core plus fund seeks higher returns than core bond funds while maintaining a low equity correlation. This fund aims to drive returns primarily through interest rate, yield curve and inflation positioning, generally resulting in liquid investments with high credit quality. With the flexibility to hold a broad range of debt securities, it can invest in emerging markets, high-yield bonds and non-U.S. dollar markets on an opportunistic basis.
Types of Investments
Government debt and agency bonds, corporate bonds, mortgage- and asset-backed securities, emerging markets debt, non-U.S., municipals and high-yield.
Maturity
The bond maturities that the fund targets will vary depending on the current strategy being implemented.
Portfolio Restrictions
The fund may invest no more than 35% of its assets in securities rated below investment grade (BB+/Ba1 and below, or unrated, but determined by the fund’s investment adviser to be of equivalent quality) at the time of purchase, including high-yield corporate bonds or those issued by developing country governments and companies. The fund may invest up to 10% of its assets in equity securities and certain securities with a combination of debt and equity characteristics. The fund may invest up to 35% of its assets in securities denominated in currencies other than the U.S. dollar. The fund may invest up to 35% of its assets in securities of emerging market issuers.

Fund Facts

Fund Inception 3/18/2016
Fund Assets (millions)
As of 4/30/2023
$17,973.4
Companies/Issuers
Holdings are as of 3/31/2023 (updated quarterly).
684+
Shareholder Accounts
Shareholder accounts are as of 4/30/2023
566
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $0
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2022) 228%
Fiscal Year-End Dec
Prospectus Date 03/01/2023
CUSIP 02631E 85 4
Fund Number 22112

Returns

Internal Prompt

Month-End Returns as of 5/31/23

Quarter-End Returns as of 3/31/23

Internal Prompt

Volatility & Return

Read important investment disclosures

Volatility & Return chart is not available for funds less than 10 years old.

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 4.51% 3.23%
Fund at MOP N/A N/A
As of 4/30/2023 (updated monthly)

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Xavier Goss 2 2 20
Damien J. McCann 7 23
Timothy Ng 1 9 18
Ritchie Tuazon 7 12 23
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(552)
3-yr. Morningstar RatingTM
(552 funds rated)
5-yr. Morningstar RatingTM
(511 funds rated)
10-yr. Morningstar RatingTM
(-- funds rated)
--
Overall Morningstar Risk Above Average
HIGH
LOW
Category Intermediate Core-Plus Bond
Ratings are based on risk-adjusted returns as of 5/31/2023 (updated monthly).

Risk Measures

Fund
Standard Deviation
6.12
Sharpe Ratio
0.06
For the 5 Years ending 5/31/23 (updated monthly).
American Funds/
Morningstar Benchmark
Bloomberg US Agg Bond TR USD
R-squared 80
Beta 1.01
Capture Ratio (Downside/Upside) 91/105
American Funds and Morningstar Benchmark for the 5 Years ending 5/31/23 (updated monthly).
U.S. Treasuries/Agencies
30.1%
AAA/Aaa
23.9%
AA/Aa
5.0%
A
7.8%
BBB/Baa
10.6%
BB/Ba
4.5%
B
2.2%
CCC & Below
1.2%
Unrated
3.6%
Cash & equivalents
11.8%
% of net assets as of 3/31/2023 (updated quarterly)

Average Life Breakdown

0-4.9 Years
23.4%
5-9.9 Years
50.6%
10-19.9 Years
7.1%
20-29.9 Years
7.1%
30+ Years
0.6%
% of net assets as of 3/31/2023 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 29.8%
Mortgage-backed obligations 25.5%
Other 5.1%
Non-U.S. government/agency securities 3.4%
Municipal securities 1.2%

% of net assets as of 3/31/2023 (updated quarterly)

Top Fixed-Income Issuers

U.S. Treasury
29.9%
UMBS
19.7%
Ginnie Mae II
1.0%
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)
0.8%
Amgen
0.6%

% of net assets as of 3/31/2023 (updated quarterly)

Geographic Breakdown

United States
80.8%
Europe
2.5%
Asia & Pacific Basin
1.1%
Other (Including Canada & Latin America)
4.4%
Cash & equivalents
11.2%
% of net assets as of 3/31/2023 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 06/06/23

2023
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/17/23 03/17/23 03/20/23 $0.0477 $0.00 $0.00 $0.00 $9.68
2023 Year-to-Date: Dividends Subtotal: $0.0477 Cap Gains Subtotal: $0.00
Total Distributions: $0.0477

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.28%
Other Expenses 0.34%
Service 12b-1 0.75%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RANBX 1.37%
Lipper Core Plus Bond Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for RANBX