Investment Fund

Share Class
Purchase Restrictions: Class 529-F-1 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
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.
Price at NAV $11.22 as of 11/20/2024 (updated daily)
Fund Assets (millions) $90,913.3
Portfolio Managers
5
Expense Ratio
(Gross/Net %)
0.71 / 0.71%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds87.5%
Non-U.S. Bonds9.5%
Cash & Equivalents
3.0%
As of 10/31/2024 (updated monthly)

Growth of 10K

Read important investment disclosures

High & Low Prices

Fund Statistics

6.2 years
Effective Duration
5.2%
Average Yield
to Worst
4.3%
Average Coupon
% of net assets as of 10/31/2024 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 9/30/24 (updated quarterly)

Description

Fund Objective
The fund's investment objective is to provide as high a level of current income as is consistent with the preservation of capital.
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.
Types of Investments
Primarily invests in corporate debt securities, U.S. and other government securities, mortgage-related securities and cash.
Holdings Outside the U.S.
May invest in fixed-income securities of corporations and government entities outside the United States.
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.

Fund Facts

Fund Inception 5/28/1974
Fund Assets (millions)
As of 10/31/2024
 $90,913.3
Companies/Issuers
Holdings are as of 10/31/2024 (updated monthly).
 1380+
Shareholder Accounts
Shareholder accounts are as of 10/31/2024
 1
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2023) 466%
Fiscal Year-End Dec
Prospectus Date 03/01/2024
CUSIP 097873 88 9
Fund Number 1408

Returns

Internal Prompt

Month-End Returns as of 10/31/24

Returns at NAV
| With Sales Charge
Read important investment disclosures
CFAFX
Bloomberg U.S. Aggregate Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/24

Internal Prompt

Volatility & Return

Read important investment disclosures

Fixed-Income

For Class 529-F-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the fixed income funds
CFAFX
Bloomberg U.S. Aggregate Index
Other AF Funds
Standard Deviation as of 10/31/2024 (updated monthly) . Annualized return as of 10/31/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 4.36% 4.51%
Fund at MOP N/A N/A
As of 10/31/2024 (updated monthly)

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Pramod Atluri 8 8 20
David J. Betanzos 8 22 26
David A. Hoag 15 32 36
Fergus N. MacDonald 9 20 31
Chitrang Purani 1 2 20
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(431)
3-yr. Morningstar RatingTM
(431 funds rated)
5-yr. Morningstar RatingTM
(387 funds rated)
10-yr. Morningstar RatingTM
(273 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Intermediate Core Bond
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 10/31/2024 (updated monthly).

Risk Measures

Fund
Standard Deviation
4.98
Sharpe Ratio
0.03
For the 10 Years ending 10/31/24 (updated monthly).
American Funds/
Morningstar Benchmark
Bloomberg US Agg Bond TR USD
R-squared
98
Beta
0.99
Capture Ratio (Downside/Upside)
96/101
American Funds and Morningstar Benchmark for the 10 Years ending 10/31/24 (updated monthly).
U.S. Treasuries/Agencies
21.8%
AAA/Aaa
41.8%
AA/Aa
3.6%
A
12.9%
BBB/Baa
13.9%
BB/Ba
2.0%
B
0.1%
CCC & Below
0.0%
Unrated
0.8%
Cash & equivalents
3.0%
% of net assets as of 10/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
51.5%
5-9.9 Years
36.5%
10-19.9 Years
3.1%
20-29.9 Years
5.4%
30+ Years
0.1%
% of net assets as of 9/30/2024 (updated monthly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 21.3%
Asset-backed obligations 6.6%
Non-U.S. government/agency securities 0.9%
General obligation bonds 0.3%
Revenue bonds 0.1%

% of net assets as of 9/30/2024 (updated quarterly)

Top Fixed-Income Issuers

U.S. Treasury
21.8%
Fannie Mae
11.6%
Federal Home Loan Mortgage
10.9%
UMBS
8.8%
Ginnie Mae II
2.1%
Mexico (United Mexican States) (Government)
1.4%
PG&E
1.2%
Ford Motor
1.1%
UBS Group AG
0.7%
Deutsche Bank
0.7%

% of net assets as of 10/31/2024 (updated monthly)

Geographic Breakdown

Regions | Currency Weighting
| Top Countries
United States
87.5%
Europe
4.7%
Asia & Pacific Basin
1.4%
Other (Including Canada & Latin America)
3.3%
Cash & equivalents
3.0%
% of net assets as of 10/31/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2024

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 11/20/24

FIND HISTORICAL DISTRIBUTIONS
2024
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/24 02/01/24 $0.0404615 $0.00 $0.00 $0.00 $11.44
Daily 02/29/24 03/01/24 $0.0385616 $0.00 $0.00 $0.00 $11.22
Daily 03/28/24 04/01/24 $0.0401685 $0.00 $0.00 $0.00 $11.28
Daily 04/30/24 05/01/24 $0.0421274 $0.00 $0.00 $0.00 $10.96
Daily 05/31/24 06/03/24 $0.0420518 $0.00 $0.00 $0.00 $11.09
Daily 06/28/24 07/01/24 $0.0404051 $0.00 $0.00 $0.00 $11.17
Daily 07/31/24 08/01/24 $0.043103 $0.00 $0.00 $0.00 $11.38
Daily 08/30/24 09/03/24 $0.042105 $0.00 $0.00 $0.00 $11.51
Daily 09/30/24 10/01/24 $0.0417013 $0.00 $0.00 $0.00 $11.63
Daily 10/31/24 11/01/24 $0.0423065 $0.00 $0.00 $0.00 $11.28
2024 Year-to-Date: Dividends Subtotal: $0.41299165 Cap Gains Subtotal: $0.00
Total Distributions: $0.41299165

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.20%
Other Expenses 0.26%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CFAFX 0.71%
Lipper Core Bond Funds Average
0.64%
Fund as of most recent prospectus. Lipper Category as of 9/30/24 (updated quarterly).