- ISIN
- US02629H1095
- CUSIP
- 02629H109
- Issuer
- American Funds
- Inception Date
- Dec 14, 2012
- Category
- Corporate Bonds
- Min. Investment
- $250
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BFCAX Performance Chart
American Funds Corporate Bond Fund (BFCAX) is up 0.4% since the beginning of the year. BFCAX is currently trading at $9 per share. Investors who bought $1,000 worth of BFCAX shares 5 years ago would now be looking at an investment worth $971.
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Returns By Period
American Funds Corporate Bond Fund (BFCAX) has returned 0.35% so far this year and 4.47% over the past 12 months.
American Funds Corporate Bond Fund
- 1D
- 0.21%
- 1M
- 0.89%
- YTD
- 0.35%
- 6M
- 0.71%
- 1Y
- 4.47%
- 3Y*
- 4.31%
- 5Y*
- -0.59%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BFCAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, BFCAX's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2023 with a return of +5.8%, while the worst month was Apr 2022 at -5.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BFCAX closed higher 46% of trading days. The best single day was Nov 10, 2022 with a return of +2.3%, while the worst single day was Mar 18, 2020 at -3.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.24% | 1.37% | -2.03% | 0.35% | 0.57% | -0.11% | 0.35% | ||||||
| 2025 | 0.36% | 2.05% | -0.15% | -0.07% | -0.15% | 1.75% | -0.06% | 0.88% | 1.40% | 0.35% | 0.64% | -0.48% | 6.67% |
| 2024 | -0.29% | -1.48% | 1.19% | -2.55% | 1.77% | 0.76% | 2.50% | 1.60% | 1.69% | -2.53% | 1.17% | -1.95% | 1.71% |
| 2023 | 3.85% | -3.00% | 3.11% | 0.42% | -1.50% | 0.07% | 0.18% | -0.88% | -2.95% | -2.24% | 5.82% | 4.25% | 6.85% |
| 2022 | -3.15% | -1.70% | -2.57% | -5.61% | 0.61% | -2.95% | 3.14% | -3.04% | -5.25% | -1.09% | 4.78% | -0.56% | -16.51% |
| 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% |
Benchmark Metrics
American Funds Corporate Bond Fund has an annualized alpha of 2.08%, beta of 0.04, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participated in 31.03% of S&P 500 Index downside but only 19.23% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.04 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.08%
- Beta
- 0.04
- R²
- 0.01
- Upside Capture
- 19.23%
- Downside Capture
- 31.03%
Expense Ratio
BFCAX has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BFCAX ranks 16 for risk / return — in the bottom 16% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for American Funds Corporate Bond Fund (BFCAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BFCAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.78 | -1.34 |
| Martin ratioReturn relative to average drawdown | 4.08 | 12.44 | -8.36 |
Dividends
Dividend History
American Funds Corporate Bond Fund provided a 4.20% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.38 | $0.27 | $0.18 | $0.17 | $0.52 | $0.37 | $0.26 | $0.28 |
Dividend yield | 4.20% | 4.20% | 4.06% | 2.82% | 1.95% | 1.50% | 4.43% | 3.44% | 2.63% | 2.68% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 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 | $0.03 | $0.02 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.27 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.03 | $0.03 | $0.18 |
| 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 |
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.
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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 23.01%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current American Funds Corporate Bond Fund drawdown is 4.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -23.01%Oct 2022 | 2y 2mo | — | 5y 10moAug 2020 - now |
COVID crash2020 | -12.73%Mar 2020 | 10d | 1mo 10d | 1mo 20dMar 2020 - Apr 2020 |
Rate-hike selloffLate 2018 | -4.16%Nov 2018 | 11mo | 3mo | 1y 1moJan 2018 - Feb 2019 |
2019 pullback2019 | -2.55%Sep 2019 | 8d | 2mo 21d | 2mo 29dSep 2019 - Dec 2019 |
2017 pullback2017 | -1.81%Mar 2017 | 14d | 21d | 1mo 5dFeb 2017 - Apr 2017 |
Drawdown Indicators
| BFCAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.01% | -56.78% | +33.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -9.10% | +5.99% |
Max Drawdown (3Y)Largest decline over 3 years | -6.92% | -18.90% | +11.98% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -25.43% | +2.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.95% | -1.80% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -10.71% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 2.03% | -0.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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