BFCFX

About BFCFX

American Funds Corporate Bond Fund Class F-1 is a mutual fund specializing in U.S. dollar-denominated corporate bonds. Its primary objective is to maximize total return while preserving capital and managing risk prudently. The fund invests at least 80% of its assets in investment-grade corporate debt, balancing income generation with a disciplined approach to credit quality and interest rate sensitivity. A minor allocation is also made to U.S. Treasury securities and other fixed-income instruments to enhance diversification. This fund, managed by Capital Group since its inception in December 2012, typically holds a diversified portfolio spanning over 190 issuers, with the largest exposures concentrated among major U.S. corporations and select government issues. It pays regular monthly dividends, reflecting a strong focus on income for its shareholders. Key metrics include an effective duration of about 6.6 years and an average yield to worst around 5%, with the fund's strategy targeting investors seeking stable income and moderate risk exposure within the fixed-income market. The fund's role is significant for investors seeking a core holding in their fixed-income allocation, as it offers broad access to the U.S. corporate bond sector under the management of an established investment team.