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American Funds Bond Fund of Amer A ABNDX

Analyst rating as of
NAV / 1-Day Return
14.07  /  0.14 %
Total Assets
64.8 Bil
Adj. Expense Ratio
0.610%
Expense Ratio
0.610%
Fee Level
Low
Longest Manager Tenure
11.59 years
Category
US Fund Intermediate-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
250
Status
Open
TTM Yield
1.96%
Effective Duration
5.66 years
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Morningstar’s Analysis

Will ABNDX outperform in future?

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A Manager Retirement Is Not Cause for Concern on American Funds Bond Fund of America

Analyst

Analyst Note

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Effective April 1, 2020, David Lee, a two-decade industry veteran and corporate-credit specialist, retired from Capital Group and is no longer a portfolio manager on American Funds Bond Fund of America. The assets that he managed in his designated sleeve of this portfolio will move to a corporate bond sleeve that is managed with input from other corporate bond specialists, including Karen Choi. Although not named as a portfolio manager here, Choi, who is a comanager on American Funds Intermediate Bond Fund of America, assumed Lee’s assets in that strategy upon this announcement. She brings two decades of industry experience to the responsibilities and has served as a corporate credit analyst covering utilities, regional banks, and nonbank financials for the firm.

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