BFCAX

About BFCAX

American Funds Corporate Bond Fund Class A is an open-end mutual fund specializing in investment-grade corporate debt securities. It aims to provide maximum total return while maintaining capital preservation and prudent risk management, making it suitable for investors seeking dedicated exposure to corporate bonds and enhanced income compared to core bond funds. Managed by Capital Research and Management Company, the fund allocates at least 80% of its assets to corporate bonds, with over 84% of its portfolio currently in corporate bonds, notes, and loans, and additional exposure to U.S. Treasury securities and other fixed-income instruments. With a portfolio typically rated BBB- or higher, it offers a balance between credit quality and yield potential. The fund pays monthly dividends and reports a moderate effective duration, generally around 6.6 years, positioning it to manage interest rate risk effectively. With more than $1.9 billion in assets and a roster of over 190 issuers, it plays a significant role for investors and institutions seeking fixed-income diversification and dedicated credit market exposure within their broader portfolios.