American Funds Corporate Bond Fund - Class F-1
BFCFX
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USD
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Capital Structure
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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
- Jul 29, 2016
- CIK
- 0001553195
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds Corporate Bond Fund - Class F-1 (BFCFX) is an open-end mutual fund managed by Capital Group Companies, Inc. that seeks maximum total return consistent with capital preservation and prudent risk management by investing primarily in investment-grade corporate debt securities. The fund normally allocates at least 80% of its assets to corporate bonds, notes, and loans (86.6% of net assets); U.S. Treasury bonds and notes (6.0%); asset-backed obligations (0.8%); revenue bonds (0.2%); and non-U.S. government or agency securities (0.1%), with additional exposure to U.S. bonds (82.0% total), non-U.S. bonds (11.7%), and cash equivalents (6.3%). It features an effective duration of 6.9 years, average yield to worst of 4.8%, average coupon of 4.5%, monthly dividend payments, and a 30-day SEC yield of 4.15% (as of late 2025), holding over 183 issuers with total net assets of approximately $1.95 billion. Capital Group, founded in 1931 and headquartered in Los Angeles, California, serves as the investment manager for the American Funds family, including this fund launched on December 14, 2012, with a minimum initial investment of $250 and an expense ratio of 0.70%. The fund's portfolio is managed by a team including Scott Sykes (since 2018), Karen Choi (since 2019), and Robert Caldwell, focusing on mid-quality credit and moderate interest-rate sensitivity within the corporate bond category. Recent operational updates include a prospectus date of August 1, 2025, and elevated portfolio turnover of 216% in fiscal year 2025 (ended May), reflecting active management amid fluctuating fixed-income markets; no major acquisitions, partnerships, or strategic shifts were announced for the fund in 2024-2025.