American Funds Corporate Bond Fund (BFCAX)
The investment seeks to provide maximum total return consistent with capital preservation and prudent risk management. The fund normally invests at least 80% of its assets in corporate debt securities, which may be represented by other investment instruments, including derivatives. It will also normally invest all of its assets in debt instruments, including bonds, mortgage- and other asset-backed securities, cash, cash equivalents and certain derivative instruments, with quality ratings of Baa3 or better or BBB- or better or in debt instruments that are unrated but determined at the time of purchase to be of equivalent quality by the investment adviser.
Fund Info
| ISIN | US02629H1095 |
|---|---|
| CUSIP | 02629H109 |
| Issuer | American Funds |
| Inception Date | Dec 14, 2012 |
| Category | Corporate Bonds |
| Min. Investment | $250 |
| Asset Class | Bond |
Expense Ratio
The American Funds Corporate Bond Fund has a high expense ratio of 0.70%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: BFCAX vs. FFHCX, BFCAX vs. SPY, BFCAX vs. AIQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Funds Corporate Bond Fund, 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 Corporate Bond Fund had a return of -3.24% year-to-date (YTD) and 0.54% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.24% | 5.05% |
| 1 month | -2.23% | -4.27% |
| 6 months | 6.82% | 18.82% |
| 1 year | 0.54% | 21.22% |
| 5 years (annualized) | 0.83% | 11.38% |
| 10 years (annualized) | N/A | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.29% | -1.48% | 1.19% | |||||||||
| 2023 | -2.95% | -1.93% | 5.82% | 4.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
American Funds Corporate Bond Fund(BFCAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Funds Corporate Bond Fund (BFCAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American Funds Corporate Bond Fund granted a 3.69% dividend yield in the last twelve months. The annual payout for that period amounted to $0.34 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.32 | $0.24 | $0.17 | $0.52 | $0.39 | $0.26 | $0.24 | $0.14 |
Dividend yield | 3.69% | 3.36% | 2.60% | 1.49% | 4.42% | 3.63% | 2.64% | 2.30% | 1.35% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds Corporate Bond Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.33 |
| 2019 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.14 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $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 | $0.03 |
| 2016 | $0.02 | $0.01 | $0.02 | $0.02 | $0.07 |
Drawdowns
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 Corporate Bond Fund. 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 Corporate Bond Fund was 22.51%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current American Funds Corporate Bond Fund drawdown is 14.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.51% | Jan 4, 2021 | 455 | Oct 21, 2022 | — | — | — |
| -12.73% | Mar 9, 2020 | 9 | Mar 19, 2020 | 27 | Apr 28, 2020 | 36 |
| -4.57% | Sep 7, 2016 | 71 | Dec 15, 2016 | 115 | Jun 2, 2017 | 186 |
| -4.26% | Dec 18, 2017 | 239 | Nov 28, 2018 | 65 | Mar 6, 2019 | 304 |
| -2.78% | Aug 7, 2020 | 60 | Oct 30, 2020 | 42 | Dec 31, 2020 | 102 |
Volatility
Volatility Chart
The current American Funds Corporate Bond Fund volatility is 2.07%, 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.