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American Funds Corporate Bond Fund (BFCAX)

9.21
-0.02
(-0.22%)
At close: April 11 at 8:00:07 PM EDT

Fund Summary

The fund normally invests at least 80% of its assets in corporate debt securities, which may be represented by derivatives. It will also normally invest all of its assets in debt instruments, (including bonds, mortgage- and other asset-backed securities, but excluding derivatives) with quality ratings of Baa3 or better or BBB- or better or in debt instruments that are unrated but determined at the time of purchase to be of equivalent quality by the investment adviser.

American Funds Corporate Bond Fund

6455 Irvine Center Drive
(949) 975-5000

Fund Overview

Category Corporate Bond
Fund Family American Funds
Net Assets 1.95B
YTD Return 2.25%
Yield 4.10%
Morningstar Rating
Inception Date Jul 29, 2016

Fund Operations

Last Dividend 0.10
Last Cap Gain -19.00
Holdings Turnover 191.00%
Average for Category --

Fees & Expenses

Expense BFCAX Category Average
Annual Report Expense Ratio (net) 0.71% 0.70%
Prospectus Net Expense Ratio 0.71% --
Prospectus Gross Expense Ratio 0.72% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.44%
Max Deferred Sales Load -- 1.44%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Karen Choi is a fixed income portfolio manager at Capital Group. She has 25 years of investment industry experience and has been with Capital Group for 16 years. Earlier in her career at Capital, as a fixed income investment analyst, Karen covered utilities, regional banks and non-bank financials in the U.S. Prior to joining Capital, she was a fixed income analyst with AllianceBernstein and before that with Prudential Financial. She holds a bachelor's degree in international relations from Wellesley College. She also holds the Chartered Financial Analyst® designation. Karen is based in New York.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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