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Intro Guide to the American Funds Bond Fund of America A Fund (ABNDX)

American Funds Bond Fund of America A (ABNDX) a Zacks Ranked #2 (Buy) was incepted in May 1974 and is managed by Capital Research and Management Company. The objective of ABNDX is to seek high level of current income as is consistent with preservation of capital. ABNDX invests in corporate debt securities, U.S. and other government securities, mortgage-related securities, money market instruments and cash. ABNDX is one of the most broadly diversified fixed-income funds available, giving the fund's managers great flexibility in responding to bond market conditions.

American Funds Bond Fund of America A, managed by American Funds, carries an expense ratio of 0.60%. Moreover, ABNDX requires a minimal initial investment of $250.

ABNDX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.19% and 5 year 3.58%. To see how this fund performed compared in its category, please click here .

ABNDX’s performance, as of the last filing, when compared to funds in its category was in the top 11% in 1 year, top 20% over the past 3 years, and in the 29% over the past 5 years.

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