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ABNDX American Funds Bond Fund of Amer A

  • Fund
  • ABNDX
  • Price as of: Dec 09, 2016
  • $12.70
  • - $0.05
  • - 0.39%
  • Category
  • Total Bond Market

ABNDX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 2.5%
  • 5 Yr Annualized Return 2.6%
  • Net Assets $31.8 B
  • Holdings in Top 10 15.4%

52 WEEK LOW AND HIGH

$12.70
$12.57
$13.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 401.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.81%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Funds The Bond Fund of America®
  • Fund Family Name American Funds
  • Inception Date May 28, 1974
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager David A. Daigle

Fund Description

The American Funds Bond Fund of America Fund Class A (ABNDX) is a multisector income fund that focuses on high yield. ABNDX invests in a wide range of fixed-income subsectors, including corporate bonds, Treasuries and mortgage-related securities. This can include exposure to international bonds and other debt as well. The fund’s managers use credit analysis to keep ABNDX as close to an A rating as possible while still reaching its high income goal.

As a “go anywhere” bond fund, ABNDX makes an ideal core choice for investors looking to add fixed-income exposure to their portfolios. The fund is managed by Capital Research and Management Company.

ABNDX - Performance

Return Ranking - Trailing

Period ABNDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.9% -11.3% 201.5% 30.95% 3
1 Yr 2.0% -12.6% 13.8% 50.00% 3
3 Yr 2.5% * -5.9% 8.2% 31.80% 2
5 Yr 2.6% * -3.1% 13.6% 45.32% 3
10 Yr 2.9% * -2.2% 9.5% 67.70% 4

* Annualized


Return Ranking - Calendar

Period ABNDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.7% -33.0% 3.0% 19.13% 2
2014 3.3% -9.3% 14.9% 8.55% 1
2013 -4.2% -24.1% 40.4% 43.89% 4
2012 3.2% -100.0% 18.7% 29.63% 3
2011 3.0% -20.6% 15.5% 11.67% 1

Total Return Ranking - Trailing

Period ABNDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.9% -9.9% 204.3% 42.38% 3
1 Yr -1.9% -12.6% 16.3% 87.71% 5
3 Yr 1.2% * -7.2% 8.2% 57.88% 3
5 Yr 1.8% * -3.9% 13.6% 61.62% 4
10 Yr 2.6% * -2.2% 9.5% 75.59% 4

* Annualized


Total Return Ranking - Calendar

Period ABNDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.7% -32.5% 4.5% 39.57% 3
2014 3.3% -8.3% 16.8% 27.51% 2
2013 -4.2% -12.9% 58.5% 61.87% 5
2012 3.2% -100.0% 35.2% 50.32% 4
2011 3.0% -20.7% 18.1% 36.47% 3

NAV & Total Return History

ABNDX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

ABNDX Category Low Category High ABNDX % Rank Quintile
Net Assets 31.8 B 319 K 176 B 0.81% 1
Number of Holdings 1929 1 17569 1.68% 1
Net Assets in Top 10 5.19 B -36 B 36.7 B 1.27% 1
Weighting of Top 10 15.4% 0.0% 1167.9% 25.18% 5

Top 10 Holdings

  1. Japan(Govt Of) 2.64%
  2. US Treasury Note 1.125% 2.09%
  3. US Treasury Bond 2.5% 1.94%
  4. Chase Issuance Tr 2016-6 1.1% 1.43%
  5. US Treasury Note 1.5% 1.37%
  6. US Treasury Note 1.375% 1.36%
  7. Ginnie Mae Jumbos TBA 4% 2046-11-01 1.20%
  8. US Treasury Note 1.16%
  9. US Treasury Note 1.625% 1.14%
  10. US Treasury Note 2.125% 1.10%

Asset Allocation

Weighting Category Low Category High ABNDX % Rank Quintile
Bonds
96.95% -175.98% 1241.14% 8.04% 2
Other
2.50% -30.13% 98.36% 6.15% 2
Cash
0.50% -1141.94% 275.92% 24.57% 5
Preferred Stocks
0.03% -0.45% 17.66% 7.38% 3
Stocks
0.01% -3.27% 98.55% 5.95% 2
Convertible Bonds
0.00% 0.00% 12.73% 5.65% 5

Stock Sector Breakdown

Weighting Category Low Category High ABNDX % Rank Quintile
Communication Services
0.01% -0.57% 7.99% 3.75% 2
Financial Services
0.00% -0.51% 18.48% 8.04% 5
Real Estate
0.00% -0.28% 15.77% 4.63% 5
Industrials
0.00% -0.83% 11.30% 5.18% 5
Healthcare
0.00% -0.69% 11.85% 4.41% 5
Technology
0.00% -1.56% 19.47% 5.18% 5
Energy
0.00% -0.88% 10.43% 5.40% 5
Utilities
0.00% -0.13% 4.35% 5.29% 5
Consumer Defense
0.00% -0.34% 13.63% 4.85% 5
Consumer Cyclical
0.00% -0.36% 11.97% 5.84% 5
Basic Materials
0.00% -0.43% 11.11% 5.07% 5

Stock Geographic Breakdown

Weighting Category Low Category High ABNDX % Rank Quintile
US
0.01% -2.63% 92.41% 5.44% 2
Non US
0.00% -1.06% 96.95% 3.10% 5

Bond Sector Breakdown

Weighting Category Low Category High ABNDX % Rank Quintile
Government
44.63% -389.49% 1167.69% 4.07% 1
Corporate
28.49% 0.00% 221.70% 21.11% 4
Securitized
21.87% 0.00% 105.84% 20.65% 4
Cash & Equivalents
1.72% -1141.94% 416.01% 22.18% 4
Municipal
0.75% 0.00% 98.41% 10.33% 2
Derivative
0.00% -513.07% 38.63% 2.39% 4

Bond Geographic Breakdown

Weighting Category Low Category High ABNDX % Rank Quintile
US
82.27% -370.09% 982.00% 13.84% 3
Non US
14.68% -45.82% 351.70% 12.87% 3

ABNDX - Expenses

Operational Fees

ABNDX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.60% 0.00% 42.51% 11.60% 2
Management Fee 0.19% 0.00% 2.15% 3.97% 1
12b-1 Fee 0.24% 0.00% 1.00% 1.99% 2
Administrative Fee 0.01% 0.00% 0.63% 4.36% 1

Sales Fees

ABNDX Fees (% of AUM) Category Low Category High ABNDX Rank Quintile
Front Load 3.75% 0.00% 5.75% 2.38% 3
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

ABNDX Fees (% of AUM) Category Low Category High ABNDX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ABNDX Fees (% of AUM) Category Low Category High ABNDX Rank Quintile
Turnover 401.00% 0.00% 1856.00% 2.60% 5

ABNDX - Distributions

Dividend Yield Analysis

ABNDX Category Low Category High ABNDX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.30% 15.96% 2

Dividend Distribution Analysis

ABNDX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ABNDX Category Low Category High ABNDX % Rank Quintile
Net Income Ratio 1.81% -1.76% 17.13% 15.01% 3

Capital Gain Distribution Analysis

ABNDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

ABNDX - Managers

David A. Daigle

Manager

Start Date

Mar 01, 2011

Tenure

5.76

Tenure Rank

5.0%

David A. Daigle is a fixed-income portfolio manager at Capital Group. As a fixed-income investment analyst, he covers wireless communications and building products companies. Earlier in his career at Capital, David covered multiple industries including health care, technology and directories. He holds an MBA from the University of Chicago Booth School of Business and a bachelor’s degree in business administration from the University of Vermont. David is based in New York.


John H. Smet

Manager

Start Date

Jan 01, 1989

Tenure

27.93

Tenure Rank

0.0%

John H. Smet is a fixed-income portfolio manager at Capital Group. He has 34 years of investment experience and 32 years at Capital. Earlier in his career, as a fixed-income investment analyst at Capital, John covered mortgage-backed securities and railroads. He holds an MBA in finance and a bachelor’s degree in economics from the University of Wisconsin-Madison. He also holds the Chartered Financial Analyst® designation and is a member of the Los Angeles Society of Financial Analysts. John is based in Los Angeles.


David A. Hoag

Manager

Start Date

Mar 01, 2009

Tenure

7.76

Tenure Rank

3.9%

Hoag is vice president and director of Capital Research and Management Company. He joined the company in 1991 and has a total of 18 years of professional experience.


Andrew F. Barth

Manager

Start Date

Mar 01, 2010

Tenure

6.76

Tenure Rank

4.4%

Andrew F. Barth is a fixed-income portfolio manager at Capital Group. He is chairman of Capital Guardian Trust Company. He has 27 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, Andy covered U.S. autos, thrifts, financial services, global thrifts, diversified financial services and consumer finance companies. Andy holds an MBA in finance from Columbia University Graduate School of Business and a bachelor’s degree in economics from Columbia University graduating summa cum laude (Phi Beta Kappa). Andy is based in Los Angeles.


Robert H. Neithart

Manager

Start Date

Mar 01, 2009

Tenure

7.76

Tenure Rank

3.9%

Robert H. Neithart is a fixed-income portfolio manager at Capital Group. He is chairman of the Fixed Income Management Committee and of Capital Strategy Research, Inc. Rob’s investment responsibilities are focused on global multi-currency fixed income, emerging market debt and global high income portfolios. He has 26 years of investment experience, all with Capital Group. Rob began his career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. He holds a bachelor’s degree in economics from Occidental College graduating cum laude. He also holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and the National Association of Business Economists. Rob is based in Los Angeles.


Fergus N. MacDonald

Manager

Start Date

Oct 01, 2015

Tenure

1.17

Tenure Rank

8.3%

Investment professional since 1992; more than 11 years with Capital Research and Management Company or affiliate. Vice President – Fixed Income, Capital Research Company.


Thomas H. Høgh

Manager

Start Date

Mar 01, 2009

Tenure

7.76

Tenure Rank

3.9%

Hogh is a vice president with Capital International Research, his employer since 1990. He has been an investment professional for 20 years.


David J. Betanzos

Manager

Start Date

Jul 01, 2016

Tenure

0.42

Tenure Rank

9.0%

David J. Betanzos, Senior Vice President for Capital Fixed Income Investors. Mr. Betanzos has been wirth Capital Research and Management Company or affiliate since 2002.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.12

Category Mode

1.9