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.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in American Funds Corporate Bond Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $10,782 for a total return of roughly 7.82%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
American Funds Corporate Bond Fund had a return of 2.47% year-to-date (YTD) and -7.39% in the last 12 months. Over the past 10 years, American Funds Corporate Bond Fund had an annualized return of 1.14%, while the S&P 500 had an annualized return of 9.47%, indicating that American Funds Corporate Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 1.11% | -3.13% |
| Year-To-Date | 2.47% | 2.92% |
| 6 months | 2.43% | 2.02% |
| 1 year | -7.39% | -11.46% |
| 5 years (annualized) | 1.67% | 7.79% |
| 10 years (annualized) | 1.14% | 9.47% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 3.85% | -3.01% | ||||||||||
| 2022 | -5.03% | -1.09% | 4.77% | -0.56% |
Dividend History
American Funds Corporate Bond Fund granted a 3.22% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.24 | $0.17 | $0.52 | $0.39 | $0.26 | $0.24 | $0.14 |
Dividend yield | 3.22% | 2.61% | 1.54% | 4.63% | 3.97% | 3.00% | 2.70% | 1.61% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.02 | $0.02 | ||||||||||
| 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 Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the American Funds Corporate Bond Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the American Funds Corporate Bond Fund is 22.51%, recorded on Oct 21, 2022. The portfolio has not recovered from it yet.
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 |
| -4.25% | 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 |
| -2.55% | Sep 5, 2019 | 7 | Sep 13, 2019 | 56 | Dec 3, 2019 | 63 |
| -1.51% | Apr 30, 2020 | 8 | May 11, 2020 | 7 | May 20, 2020 | 15 |
| -1.12% | Jul 5, 2019 | 5 | Jul 11, 2019 | 15 | Aug 1, 2019 | 20 |
| -0.96% | Oct 16, 2017 | 20 | Nov 10, 2017 | 16 | Dec 5, 2017 | 36 |
| -0.77% | Aug 4, 2017 | 8 | Aug 15, 2017 | 12 | Aug 31, 2017 | 20 |
Volatility Chart
Current American Funds Corporate Bond Fund volatility is 9.49%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.