American Funds is among the leader of mutual fund family. It offers variety of mutual funds including fixed income or bond funds, balanced funds, and equity or stock funds. One of the most popular funds is American Funds Bond Fund of America A fund. Details review is below.
American Funds Bond Fund of America A (ABNDX)
The American Funds Bond Fund of America fund’s objective is to provide as high a level of current income with consistent capital preservation. The fund generally invests >80% of assets in bonds and other fixed income securities. It invests a majority of its assets in debt securities rated A3/A- or better which is issued or guaranteed by US Government or other governments (including mortgages and other assets). It may invest its assets in corporate debts, mortgage related debts, and high yield bonds. This American Funds fund invests in debt securities with a wide range of maturities.Fund Details
American Funds Bond Fund of America A |
- Fund Inception Date: May 28, 1974
- Ticker Symbol: ABNDX (Class A)
- CUSIP: 097873103
- Beta (3yr): 0.95
- Rank in category (YTD): 33%
- Category: Intermediate-Term Bond
- Distribution: 1.75%
- Capital Gains: 0%
- Expense Ratio: 0.61%
- Net Assets: $ 31.90 billion
- Number of Years Up: 34 years
- Number of Years Down: 2 years
- Average Duration: 4.72 years
- Annual Turnover Rate: 99.0%