The Bond Fund of America (Class R-2E) is an open-ended mutual fund specializing in fixed-income investments. Its primary purpose is to deliver a high level of current income while maintaining the preservation of capital. This fund predominantly allocates its assets to a diversified portfolio of bonds—including U.S. government and agency securities, corporate bonds, mortgage-backed obligations, and asset-backed securities—allowing it to capture exposure across multiple segments of the bond market. Notably, the fund maintains a broad diversification, investing at least 80% of its assets in bonds and related debt securities, with a significant focus on U.S. bonds alongside modest allocations to non-U.S. issues and cash equivalents. Designed as a core bond holding, it aims to offer steady monthly income through regular dividend distributions and serves as a potential diversifier to equity risk in investor portfolios. Managed by Capital Group, it is one of the larger funds in its category by assets, reflecting its substantial role in the core bond market segment and its ability to accommodate a range of institutional and retirement investors seeking stable, income-oriented investment exposure.
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