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
US02629H1095
02629H109
Dec 14, 2012
$250
Expense Ratio
BFCAX has an expense ratio of 0.70%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
American Funds Corporate Bond Fund (BFCAX) returned 0.96% year-to-date (YTD) and 4.06% over the past 12 months.
BFCAX
0.96%
0.32%
0.89%
4.06%
-1.17%
N/A
^GSPC (Benchmark)
1.30%
12.79%
1.49%
12.35%
15.37%
10.87%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.37% | 2.04% | -0.16% | -0.42% | -0.85% | 0.96% | |||||||
| 2024 | -0.29% | -1.48% | 1.19% | -2.55% | 1.76% | 0.76% | 2.50% | 1.60% | 1.68% | -2.53% | 1.17% | -1.95% | 1.70% |
| 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% | -2.49% |
| 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 54, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
Loading data...
Dividends
Dividend History
American Funds Corporate Bond Fund provided a 4.18% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.38 | $0.32 | $0.24 | $0.17 | $0.52 | $0.39 | $0.26 | $0.24 | $0.14 |
Dividend yield | 4.18% | 4.05% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.04 | $0.03 | $0.00 | $0.13 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 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 | $0.32 |
| 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 | $0.24 |
| 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 | $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 | $0.33 | $0.52 |
| 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 | $0.39 |
| 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 | $0.03 | $0.24 |
| 2016 | $0.02 | $0.01 | $0.02 | $0.02 | $0.07 | $0.14 |
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.
Loading data...
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 11.65%.
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 7, 2017 | 246 | Nov 28, 2018 | 66 | Mar 7, 2019 | 312 |
| -2.55% | Sep 5, 2019 | 7 | Sep 13, 2019 | 56 | Dec 3, 2019 | 63 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...