Fund Spy

This Core Bond Fund Provides Ballast

Emory Zink
The following is our latest Fund Analyst Report for American Funds Bond Fund of America (ABNDX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.

American Funds Bond Fund of America's hemmed-in profile offers diversification benefits relative to equities, while its substantial process improvements in recent years and low fees give it a competitive edge. It earns a Morningstar Analyst Rating of Bronze.

Capital Group used the fund's financial-crisis struggles as impetus to improve its fixed-income investment process. In recent years, the fund's investment team has benefited from a strengthened tool kit, including enhanced analytical tools, quantitative-risk systems, research, and better coordination of the team's top-down views. Coinciding with these process improvements was a shuffling of the management roster, retaining long-tenured members such as principal investment officer John Smet for consistency, while acquiring new perspectives from experienced hires, such as comanager Pramod Atluri, who joined from Fidelity in 2016.

Emory Zink does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.