The Bond Fund of America, Class F-1 Shares
BFAFX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 333 S Hope St - 55th Fl (micg) Los Angeles CA United States of America 90071
- IPO Date
- Mar 15, 2001
- CIK
- 0000013075
- Website
- capitalgroup.com
- Similar Companies
- Business
- The Bond Fund of America, Class F-1 Shares (BFAFX), represents a share class of American Funds Bond Fund of America, a diversified fixed-income mutual fund managed by Capital Research and Management Company (CRMC), the principal investment adviser within Capital Group Companies, Inc. The fund seeks maximum total return, consistent with capital preservation, by investing primarily in investment-grade debt securities, including U.S. government obligations, corporate bonds, mortgage-backed securities, asset-backed securities, and municipal bonds; it also employs derivatives such as futures, swaps, and options for hedging and income enhancement. Core offerings encompass a broad range of fixed-income instruments across investment-grade categories, with allocations typically including U.S. Treasuries, agency securities, investment-grade corporate debt from sectors like financials, industrials, and utilities, residential and commercial mortgage-backed securities, and a modest allocation to high-yield bonds or emerging market debt for yield enhancement; the fund maintains a duration profile aligned with intermediate-term bonds to balance yield and interest rate risk. Geographically, operations focus on U.S. dollar-denominated securities with primary exposure to North American issuers, supplemented by global opportunities in developed markets. Founded in 1973 and headquartered in Los Angeles, California, the fund operates as part of the American Funds family under Capital Group, with no notable subsidiaries but integrated distribution through financial intermediaries. Recent developments include adjustments to portfolio positioning amid 2024 Federal Reserve rate cuts, with increased emphasis on agency mortgage-backed securities and short-duration strategies; in late 2024, Capital Group announced enhancements to ESG integration across funds, including BFAFX, incorporating proprietary stewardship tools for bond issuer analysis; additionally, the firm completed a strategic acquisition of a majority stake in an independent fixed-income research provider in mid-2025 to bolster credit research capabilities.