The Bond Fund of America®
Bond
Overview
The Bond Fund of America may be appropriate for:
- Individuals who seek a diversified approach to fixed-income investing through a bond fund with a proven track record
- Income-oriented investors who want a solid core holding for their financial programs
- Investors seeking a well-diversified bond fund to balance their overall portfolios
Objective
The fund's investment objective is to provide as high a level of current income as is consistent with the preservation of capital.
Manager
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
Fund information
- Began operations: 5/28/74
- Expense ratio:* 0.24%
- Investment expenses paid annually:† $2.40 for a $1,000 balance
- Ticker symbol: RBFGX
*Fund expenses are as of each fund’s prospectus. Please see the fund’s most recent prospectus for details.
†You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the expense ratio.
Investments
Normally, the fund invests at least 80% of its assets in bonds and other debt securities, including U.S. government, corporate, and mortgage-backed securities. The majority of the fund’s investments are rated A or better (or unrated but determined by the fund’s investment adviser to be of equivalent quality) at the time of purchase. The fund’s current practice is not to invest more than 10% of its assets in debt securities rated BB or below. Up to 25% of assets may be invested in securities of issuers outside the United States. The fund invests in debt securities with a wide range of maturities.
Where the fund was invested
(as of 6/30/24; percentage of net assets; holdings are subject to change)
*Cash and equivalents includes short-term securities, accrued income and other assets less liabilities. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
Past results
The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (These percentages are based on Class R-6 shares at net asset value after the share class inception date of May 1, 2009. All Class R-6 share results prior to this date, or prior to the date of first sale, are hypothetical based on Class A share results, adjusted for typical estimated expenses, and are calculated without a sales charge. These results are updated annually as of 12/31. Other share class results will vary.)
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely.
Average annual total returns through 6/30/24
Class R-6 Shares
| Latest10 years | Latest5 years | Latest3 years | Latestyear | |
|---|---|---|---|---|
| At net asset value | 1.82% | 0.65% | -2.69% | 2.99% |
Investment results reflect the deduction of applicable fees and expenses and the reinvestment of all distributions. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. See results without waivers and/or reimbursements. Read details about how waivers and/or reimbursements affect the results for each fund.
Class R-6 shares were first offered on 5/1/09 and are sold without a sales charge. Class R-6 share returns prior to the date of first sale are hypothetical. Hypothetical returns prior to the date of first sale were calculated by adjusting Class A share returns without a sales charge for the difference between the Class A share expense ratio and the estimated Class R-6 share expense ratio as of the date of first sale. See the dates of first sale and expense adjustments for Class R-6 shares. The investment adviser waived a portion of its management fees from 9/1/04 through 12/31/08. When applicable, hypothetical returns reflect the waiver, without which results would have been lower. Please see the fund prospectus for more information about specific expenses.
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