Fixed Income / Core
The Bond Fund of America®
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.
Overview
Key information
Objective
The fund's investment objective is to provide as high a level of current income as is consistent with the preservation of capital.
Types of investments
Primarily invests in corporate debt securities, U.S. and other government securities, mortgage-related securities and cash.
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.
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 5% of its assets in debt securities rated Ba1 and BB+ or below.
Holdings outside the U.S.
May invest in fixed-income securities of corporations and government entities outside the United States.
Key facts
Fund inception
5/28/74
Fund assets (millions)
$98,899.8
As of 11/30/25 (updated monthly)
Companies/issuers
1,429
Holdings of 11/30/25 (updated monthly)
Regular dividends paid
Monthly
Capital gains paid
June, Dec.
Portfolio turnover (%) tooltip: FC_PT definition not found.
370
Fiscal year-end
December
Prospectus date
3/1/25
CUSIP
097873 84 8
Fund number
2408
Portfolio managers
Portfolio managers years of experience are as of the previous calendar year end.
Pramod Atluri
Principal Investment Officer
21 years of investment industry experience
9 years with Capital Group
9 years managing fund
David Hoag
37 years of investment industry experience
33 years with Capital Group
12 years managing fund
Fergus MacDonald
32 years of investment industry experience
21 years with Capital Group
10 years managing fund
Chit Purani
21 years of investment industry experience
3 years with Capital Group
2 years managing fund
Returns
Investment results
Total returns for periods ended 11/30/25 (%)
- ●RBFEX
- ●Index
| Fund | Daily YTD | 1M | 3M | YTD | 1Y | 3Y | 5Y | 7Y | 10Y | 15Y | 20Y | Lifetime |
|---|
Index data refers to the Bloomberg U.S. Aggregate Index tooltip: 52005 definition not found..
Daily YTD as of 12/22/25.
Fund inception: 5/28/74. Index lifetime is based on inception date of the fund.
Returns greater than one year are annualized.
Volatility & returns
As of 11/30/25 (updated monthly)
- ●RBFEX
- ▲Other CG funds
- ■Bloomberg U.S. Aggregate Index tooltip: 52005 definition not found.
Risk measures
As of 11/30/25 (updated monthly)
| Standard deviation tooltip: SDF definition not found. | |
| RBFEX | 6.09 |
| Bloomberg U.S. Aggregate Index tooltip: 52005 definition not found. | 6.07 |
| Sharpe ratio tooltip: SRAT definition not found. | |
| RBFEX | -0.10 |
| Bloomberg U.S. Aggregate Index tooltip: 52005 definition not found. | -0.04 |
| R-squared tooltip: RSQ_AFR definition not found. | 100 |
| Alpha tooltip: Alpha definition not found. | -0.34 |
| Beta tooltip: BETA_AF definition not found. | 1.00 |
| Information ratio tooltip: informationRatio definition not found. | -0.87 |
| Downside capture ratio tooltip: DCAPRAT definition not found. | 104 |
| Upside capture ratio tooltip: UCAPRAT definition not found. | 99 |
| Tracking error tooltip: TRKERR definition not found. | 0.41 |
| S&P 500 correlation tooltip: indexCorrelation definition not found. | 0.58 |
| MSCI ACWI correlation tooltip: indexCorrelation definition not found. | 0.68 |
Data calculated against the Bloomberg U.S. Aggregate Index tooltip: 52005 definition not found.unless noted otherwise.
Prices & distributions
As of 12/22/25
- Price at nav ($)
- Price change ($)
- Price change (%)
| YTD dividends subtotal ($) | 0.43459565 |
| YTD cap gains subtotal ($) | 0.00 |
| YTD total distributions ($) | 0.43459565 |
Yield
As of 11/30/25 (updated monthly)
| 12-month distribution rates (at NAV, %) tooltip: DBR definition not found. | 4.13 |
| 30-day SEC yield (gross/net %) tooltip: SECYield definition not found. | 3.94 / 3.94 |
Ratings are based on risk-adjusted returns.
Portfolio Composition
Asset mix
As of 11/30/25 (updated monthly, %)
U.S. Equities | 0.0 |
|---|---|
Non-U.S. Equities | 0.0 |
U.S. Bonds | 87.0 |
Non-U.S. Bonds | 9.2 |
Cash, Equivalents & Other | 3.7 |
U.S. Equities | 0.0 |
|---|---|
Non-U.S. Equities | — |
U.S Bonds | 87.0 |
Non-U.S. Bonds | 9.2 |
Cash, Equivalents & Other | 3.7 |
Key statistics
% of net assets as of 11/30/25 (updated monthly)
RBFEX | INDEX | |
|---|---|---|
Yield to worst (%) tooltip: BS_YTW definition not found. | 4.4 | 4.3 |
Yield to maturity (%) tooltip: BS_YLDMAT definition not found. | 4.4 | 4.3 |
Average coupon (%) tooltip: AVGCOUP definition not found. | 4.2 | 3.6 |
Effective duration (years) tooltip: BS_ED definition not found. | 5.8 | 5.9 |
Spread duration (years) tooltip: spreadDuration definition not found. | 3.3 | 3.2 |
Option adjusted spread (bps) tooltip: BS_OAS definition not found. | 52.2 | 31 |
Duration times spread (bps) tooltip: durationTimesSpread definition not found. | 275 | 208 |
Index data refers to the Bloomberg U.S. Aggregate Index tooltip: 52005 definition not found..
Morningstar Style Box™
As of 9/30/25 (updated quarterly)
Top fixed income issuers
As of 10/31/25 (updated monthly)
| RBFEX | Index | |
|---|---|---|
| U.S. Treasury | 28.2% | 45.8% |
| Fannie Mae | 10.3% | 0.1% |
| Federal Home Loan Mortgage | 9.2% | 0.5% |
| UMBS | 4.8% | 18.2% |
| Ginnie Mae II | 1.5% | 0.4% |
| Ford Motor | 1.4% | 0.2% |
| PG&E | 1.1% | 0.1% |
| Pemex | 0.8% | — |
| Edison International | 0.7% | 0.1% |
| Charter Communications | 0.6% | 0.2% |
Index data refers to the Bloomberg U.S. Aggregate Bond Index tooltip: 52005 definition not found..
Portfolio exposures
As of 11/30/25 (updated monthly)
| Market value (%) | Contribution to duration | ||||
|---|---|---|---|---|---|
| RBFEX | INDEX | RBFEX | INDEX | ||
| Government | 29.1 | 46.3 | 2.6 | 2.7 | |
| Credit | 24.0 | 26.5 | 1.4 | 1.7 | |
| Securitized | 37.5 | 26.1 | 1.4 | 1.4 | |
| Emerging Markets Debt | 4.2 | 1.2 | 0.3 | 0.1 | |
| High Yield | 1.3 | — | 0.1 | — | |
| Direct Lending | — | — | — | — | |
| Asset Based Finance | — | — | — | — | |
| Other | 0.0 | 0.0 | 0.0 | 0.0 | |
| Unassigned | 0.0 | 0.0 | — | 0.0 | |
| Cash & equivalents | 3.0 | — | 0.0 | — | |
| CDX tooltip: CDX definition not found.& TRS tooltip: TRS definition not found. Offset | 0.9 | — | — | — | |
Index data refers to the Bloomberg U.S. Aggregate Index tooltip: 52005 definition not found..
Fees & Expenses
Fees
As of the most recent prospectus
Annual management fees (%) | 0.21 |
|---|---|
Other expenses (%) | 0.13 |
Service 12b-1 (%) | 0.25 |
Expense ratio
Values shown as percentages (%).
RBFEX (gross/net) | 0.59/0.58 |
|---|---|
Morningstar Intermediate-Term Bond Retirement, Medium median As of 9/30/25 (updated quarterly) | 0.96 |
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