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
| ISIN | US0978731034 |
|---|---|
| CUSIP | 097873103 |
| Issuer | American Funds |
| Inception Date | May 28, 1974 |
| Category | Intermediate Core Bond |
| Minimum Investment | $250 |
| Asset Class | Bond |
Expense Ratio
The American Funds The Bond Fund of America has a high expense ratio of 0.55%, indicating higher-than-average management fees.
Share Price Chart
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Performance
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.
Compare to other instruments
Return
American Funds The Bond Fund of America had a return of 1.82% year-to-date (YTD) and -0.02% in the last 12 months. Over the past 10 years, American Funds The Bond Fund of America had an annualized return of 1.56%, while the S&P 500 had an annualized return of 9.85%, indicating that American Funds The Bond Fund of America did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.82% | 19.92% |
| 1 month | 2.81% | 5.06% |
| 6 months | 0.47% | 7.11% |
| 1 year | -0.02% | 16.17% |
| 5 years (annualized) | 1.14% | 11.84% |
| 10 years (annualized) | 1.56% | 9.85% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -1.25% | -0.65% | -0.04% | -0.65% | -2.45% | -1.49% | 4.47% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for American Funds The Bond Fund of America (ABNDX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ABNDX American Funds The Bond Fund of America | -0.05 | ||||
^GSPC S&P 500 | 1.25 |
Dividend History
American Funds The Bond Fund of America granted a 3.59% dividend yield in the last twelve months. The annual payout for that period amounted to $0.40 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.31 | $0.22 | $0.69 | $0.48 | $0.30 | $0.24 | $0.20 | $0.25 | $0.27 | $0.30 | $0.33 |
Dividend yield | 3.59% | 2.71% | 1.62% | 5.03% | 3.66% | 2.38% | 1.84% | 1.55% | 2.01% | 2.13% | 2.38% | 2.57% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.03 | $0.02 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | |
| 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 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.04 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.45 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.20 |
| 2018 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 |
| 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 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 |
| 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 |
| 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 |
| 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 |
| 2012 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 17.75%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.75% | Jan 5, 2021 | 455 | Oct 24, 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 | 70 | May 9, 1994 | 257 | May 3, 1995 | 327 |
| -6.67% | Mar 9, 2020 | 9 | Mar 19, 2020 | 18 | Apr 15, 2020 | 27 |
Volatility Chart
The current American Funds The Bond Fund of America volatility is 2.36%, 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.