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
BFCAX features an expense ratio of 0.70%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BFCAX vs. FFHCX, BFCAX vs. SPY, BFCAX vs. AIQ, BFCAX vs. MGK, BFCAX vs. NDARX
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 1.88% year-to-date (YTD) and 8.29% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.88% | 25.48% |
| 1 month | -1.53% | 2.14% |
| 6 months | 2.81% | 12.76% |
| 1 year | 8.29% | 33.14% |
| 5 years (annualized) | -0.20% | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of BFCAX, 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 | -0.29% | -1.48% | 1.19% | -2.55% | 1.76% | 0.76% | 2.50% | 1.60% | 1.69% | -2.53% | 1.88% | ||
| 2023 | 3.85% | -3.00% | 3.11% | 0.69% | -1.50% | 0.07% | 0.18% | -0.88% | -2.95% | -1.93% | 5.82% | 4.25% | 7.48% |
| 2022 | -3.15% | -1.70% | -2.57% | -5.61% | 0.61% | -2.75% | 3.36% | -3.04% | -5.03% | -1.09% | 4.78% | -0.56% | -15.96% |
| 2021 | -1.43% | -1.98% | -1.76% | 1.03% | 0.40% | 1.65% | 1.36% | -0.39% | -0.92% | 0.31% | -0.22% | -0.13% | -2.15% |
| 2020 | 2.50% | 1.41% | -3.57% | 5.75% | 1.58% | 1.62% | 2.89% | -1.46% | -0.29% | -0.64% | 2.52% | -2.31% | 10.09% |
| 2019 | 2.28% | 0.23% | 2.52% | 0.53% | 1.30% | 2.32% | 0.49% | 2.92% | -0.71% | 0.38% | 0.27% | -0.92% | 12.14% |
| 2018 | -0.87% | -1.58% | 0.22% | -0.88% | 0.32% | -0.28% | 0.92% | 0.22% | -0.29% | -1.27% | -0.27% | 1.29% | -2.48% |
| 2017 | 0.28% | 0.95% | -0.01% | 1.09% | 0.99% | 0.18% | 0.86% | 0.58% | -0.01% | 0.19% | -0.29% | 0.39% | 5.32% |
| 2016 | 0.34% | -0.06% | -0.78% | -2.92% | -0.02% | -3.42% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BFCAX is 21, indicating that it is in the bottom 21% 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 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 provided a 3.96% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.32 | $0.24 | $0.17 | $0.20 | $0.27 | $0.26 | $0.23 | $0.08 |
Dividend yield | 3.96% | 3.38% | 2.61% | 1.49% | 1.74% | 2.48% | 2.64% | 2.23% | 0.81% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.31 | |
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.24 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.20 |
| 2019 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 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 | $0.26 |
| 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 | $0.23 |
| 2016 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.08 |
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 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 24.55%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current American Funds Corporate Bond Fund drawdown is 12.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.55% | Aug 7, 2020 | 557 | 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 | 148 | Jul 20, 2017 | 219 |
| -4.33% | Dec 18, 2017 | 239 | Nov 28, 2018 | 66 | Mar 7, 2019 | 305 |
| -2.55% | Sep 5, 2019 | 7 | Sep 13, 2019 | 56 | Dec 3, 2019 | 63 |
Volatility
Volatility Chart
The current American Funds Corporate Bond Fund volatility is 1.95%, 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.