American Funds The Bond Fund of America (ABNDX)
The investment seeks to provide as high a level of current income as is consistent with the preservation of capital. The fund invests at least 80% of its assets in bonds and other debt securities, which may be represented by other investment instruments, including derivatives. It invests at least 60% of its assets in debt securities rated A3 or better or A- or better by Nationally Recognized Statistical Ratings Organizations designated by the fund’s investment adviser, or in debt securities that are unrated but determined to be of equivalent quality by the fund’s investment adviser, including U.S. government securities, money market instruments or cash.
Fund Info
US0978731034
097873103
May 28, 1974
$250
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Funds The Bond Fund of America, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
American Funds The Bond Fund of America had a return of 1.09% year-to-date (YTD) and 6.39% in the last 12 months. Over the past 10 years, American Funds The Bond Fund of America had an annualized return of 1.03%, while the S&P 500 had an annualized return of 11.18%, indicating that American Funds The Bond Fund of America did not perform as well as the benchmark.
ABNDX
1.09%
-0.78%
3.10%
6.39%
-0.70%
1.03%
^GSPC (Benchmark)
25.15%
2.74%
12.53%
30.93%
13.79%
11.18%
Monthly Returns
The table below presents the monthly returns of ABNDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.09% | -1.60% | 0.88% | -2.47% | 1.55% | 1.08% | 2.26% | 1.50% | 1.39% | -2.65% | 1.09% | ||
| 2023 | 3.14% | -2.78% | 2.52% | 0.46% | -1.24% | -0.65% | -0.04% | -0.64% | -2.45% | -1.49% | 4.47% | 3.67% | 4.72% |
| 2022 | -2.04% | -1.03% | -2.52% | -3.60% | 0.45% | -2.11% | 2.65% | -2.65% | -4.51% | -1.07% | 3.66% | -0.52% | -12.78% |
| 2021 | -0.54% | -1.36% | -1.09% | 0.79% | 0.27% | 0.42% | 1.11% | -0.15% | -0.77% | 0.18% | 0.18% | -0.50% | -1.49% |
| 2020 | 1.93% | 1.80% | 0.01% | 2.18% | 0.96% | 0.93% | 1.87% | -0.71% | -0.16% | -0.37% | 1.47% | -2.72% | 7.33% |
| 2019 | 1.15% | -0.06% | 1.79% | 0.22% | 1.46% | 1.28% | -0.05% | 2.17% | -0.56% | 0.35% | -0.06% | -1.25% | 6.59% |
| 2018 | -1.16% | -0.79% | 0.52% | -0.77% | 0.65% | -0.06% | 0.04% | 0.52% | -0.60% | -0.65% | 0.57% | 1.64% | -0.12% |
| 2017 | 0.46% | 0.60% | 0.02% | 0.78% | 0.69% | -0.08% | 0.46% | 0.76% | -0.40% | 0.00% | -0.36% | 0.24% | 3.22% |
| 2016 | 1.14% | 0.44% | 1.32% | 0.50% | -0.28% | 1.85% | 0.53% | -0.24% | 0.18% | -0.49% | -2.38% | 0.21% | 2.75% |
| 2015 | 2.25% | -0.93% | 0.30% | -0.14% | -0.43% | -1.11% | 0.80% | -0.39% | 0.56% | 0.17% | -0.22% | -0.56% | 0.25% |
| 2014 | 1.58% | 0.60% | -0.11% | 0.81% | 1.13% | 0.18% | -0.30% | 0.94% | -0.86% | 0.88% | 0.71% | -0.13% | 5.55% |
| 2013 | -0.52% | 0.40% | 0.10% | 0.96% | -1.75% | -1.85% | 0.35% | -0.77% | 1.24% | 0.94% | -0.40% | -0.65% | -1.98% |
Expense Ratio
ABNDX features an expense ratio of 0.55%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ABNDX is 13, indicating that it is in the bottom 13% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Funds The Bond Fund of America (ABNDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American Funds The Bond Fund of America provided a 4.24% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.41 | $0.31 | $0.19 | $0.26 | $0.30 | $0.30 | $0.24 | $0.22 | $0.25 | $0.27 | $0.30 |
Dividend yield | 4.24% | 3.58% | 2.71% | 1.45% | 1.87% | 2.32% | 2.39% | 1.84% | 1.71% | 2.01% | 2.13% | 2.38% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds The Bond Fund of America. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.40 | |
| 2023 | $0.03 | $0.02 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.41 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.03 | $0.04 | $0.02 | $0.03 | $0.04 | $0.02 | $0.02 | $0.03 | $0.03 | $0.31 |
| 2021 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.19 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.30 |
| 2018 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds The Bond Fund of America. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds The Bond Fund of America was 20.29%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current American Funds The Bond Fund of America drawdown is 11.71%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.29% | Dec 31, 2020 | 455 | Oct 20, 2022 | — | — | — |
| -17.09% | Feb 4, 2008 | 205 | Nov 24, 2008 | 247 | Nov 17, 2009 | 452 |
| -11.35% | Mar 3, 1987 | 165 | Oct 19, 1987 | 79 | Feb 5, 1988 | 244 |
| -7.91% | Feb 1, 1994 | 72 | May 11, 1994 | 255 | May 3, 1995 | 327 |
| -6.67% | Mar 9, 2020 | 9 | Mar 19, 2020 | 18 | Apr 15, 2020 | 27 |
Volatility
Volatility Chart
The current American Funds The Bond Fund of America volatility is 1.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.