Capital World Bond Fund - R-3 | American Funds

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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, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

BOND FUNDS

®

Share Class
Purchase Restrictions: Class R-3 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
A broadly diversified approach to global bonds. Invests primarily in sovereign and corporate bonds in more than 60 developed and developing markets. It provides exposure to high-yielding bond markets and currencies outside the U.S., adding an extra layer of diversification from U.S. investment-grade bonds.
Price at NAV $16.66 as of 7/01/2022 (updated daily)
Fund Assets (millions) $13,756.8
Portfolio Managers
3
Expense Ratio
1.13%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds39.3%
Non-U.S. Bonds55.3%
Cash & Equivalents
5.4%
U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds39.3%
Non-U.S. Bonds55.3%
Cash & Equivalents
5.4%
As of 5/31/2022 (updated monthly)

Growth of 10K

High & Low Prices

Fund Statistics

6.9 years
Effective Duration
3%
Average Yield
to Worst
2.2%
Average Coupon
% of net assets as of 3/31/2022 (updated quarterly)

Morningstar Style BoxTM— Fixed-Income

Medium Quality
Extensive Interest-Rate Sensitivity
Morningstar data as } of 3/31/22 (updated quarterly)

Description

Fund Objective
The fund's investment objective is to provide you, over the long term, with a high level of total return consistent with prudent investment management. Total return comprises the income generated by the fund and the changes in the market value of the fund's investments.
Distinguishing Characteristics
This broadly diversified global bond strategy invests primarily in sovereign and corporate bonds in more than 60 developed and developing markets. The strategy has a conservative investment philosophy, investing in a portfolio of global bonds with moderate exposure to emerging markets. It also provides exposure to high-yield bond markets and currencies outside the U.S., adding an extra layer of diversification from U.S. investment-grade bonds. One of the earliest investors in the global bond markets and emerging markets debt, this is our most research-intensive bond strategy; with a team of more than 100 all over the world, it takes full advantage of our global presence and insights.
Types of Investments
Primarily government/agency, corporate and mortgage- and asset-backed bonds.
Maturity
Typically, the fund will be invested in intermediate- to long-term securities.
Portfolio Restrictions
The fund may invest up to 25% of assets in bonds rated below investment grade (BB/Ba 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.

Fund Facts

Fund Inception 8/04/1987
Fund Assets (millions)
As of 5/31/2022
$13,756.8
Companies/Issuers
Holdings are as of 3/31/2022 (updated quarterly).
584+
Shareholder Accounts
Shareholder accounts are as of 5/31/2022
6,392
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $0
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2021) 89%
Fiscal Year-End Dec
Prospectus Date 03/01/2022
CUSIP 140541 85 5
Fund Number 2331

Returns

Internal Prompt

Month-End Returns as of 5/31/22

Quarter-End Returns as of 3/31/22

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Volatility & Return

Read important investment disclosures

Fixed-Income

For Class R-3 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the fixed income funds
RCWCX
Bloomberg Global Aggregate Index
Other AF Funds
Standard Deviation as of 05/31/2022 (updated monthly) . Annualized return as of 05/31/2022 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.06% 2.97%
Fund at MOP N/A N/A
As of 5/31/2022 (updated monthly)

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Philip Chitty 3 18 28
Andrew A. Cormack 3 3 18
Thomas H. Høgh 26 31 35
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(193)
3-yr. Morningstar RatingTM
(193 funds rated)
5-yr. Morningstar RatingTM
(171 funds rated)
10-yr. Morningstar RatingTM
(133 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category Global Bond
Ratings are based on risk-adjusted returns as of 5/31/2022 (updated monthly).

Risk Measures

Fund
Standard Deviation
5.33
Sharpe Ratio
-0.05
For the 10 Years ending 5/31/22 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg Global Aggregate Index
Bloomberg US Agg Bond TR USD
R-squared 91 59
Beta 1.07 1.19
Capture Ratio (Downside/Upside) 109/102 151/107
American Funds Benchmark for the 10 Years ending 3/31/22 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 5/31/22 (updated monthly).
U.S. Treasuries/Agencies
21.2%
AAA/Aaa
13.2%
AA/Aa
10.6%
A
21.6%
BBB/Baa
18.4%
BB/Ba
5.1%
B
2.5%
CCC & Below
1.1%
Unrated
2.0%
Cash & equivalents
4.5%
% of net assets as of 3/31/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years
35.6%
5-9.9 Years
39.3%
10-19.9 Years
9.9%
20-29.9 Years
9.7%
30+ Years
0.5%
% of net assets as of 3/31/2022 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
Non-U.S. government/agency securities 46.8%
U.S. Treasury bonds & notes 21.1%
Mortgage-backed obligations 5.1%
Municipal securities 0.1%

% of net assets as of 3/31/2022 (updated quarterly)

Top Fixed-Income Issuers

U.S. Treasury
21.1%
Japan, Government of
7.8%
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)
3.1%
UK Conventional Gilts
3.0%
France, Republic of
2.9%

% of net assets as of 3/31/2022 (updated quarterly)

Geographic Breakdown

United States
36.3%
Europe
24.4%
Asia & Pacific Basin
19.7%
Other (Including Canada & Latin America)
14.5%
Cash & equivalents
5.0%
% of net assets as of 3/31/2022 (updated quarterly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 07/01/22

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/18/22 03/18/22 03/21/22 $0.0693 $0.00 $0.00 $0.00 $18.30
06/17/22 06/17/22 06/21/22 $0.0715 $0.00 $0.00 $0.00 $16.42
2022 Year-to-Date: Dividends Subtotal: $0.1408 Cap Gains Subtotal: $0.00
Total Distributions: $0.1408

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.43%
Other Expenses 0.20%
Service 12b-1 0.50%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RCWCX 1.13%
Lipper Global Income Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for RCWCX