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Morningstar

American Funds Corporate Bond R2 RCBBX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 9.18  /  +0.56 %
  • Total Assets 1.8 Bil
  • Adj. Expense Ratio
    1.390%
  • Expense Ratio 1.390%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Small
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.93%
  • Effective Duration 6.82 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 9:57 PM GMT+0

Morningstar’s Analysis RCBBX

Will RCBBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RCBBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RCBBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RCBBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

American Funds Corporate Bond R2 boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings RCBBX

More RCBBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

6.68 120.7 Mil
Cash and Equivalents

United States Treasury Notes 4.25%

1.88 33.9 Mil
Government

Cash And Other Assets Less Liablities

1.76 31.8 Mil
Cash and Equivalents

AbbVie Inc. 5.05%

1.49 26.8 Mil
Corporate

United States Treasury Notes 4%

1.26 22.7 Mil
Government

JPMorgan Chase & Co. 2.005%

1.22 22.0 Mil
Corporate

United States Treasury Bonds 4.5%

0.92 16.6 Mil
Government

Bristol-Myers Squibb Company 5.2%

0.89 16.2 Mil
Corporate

The Boeing Company 2.75%

0.85 15.3 Mil
Corporate

Servicenow Inc 1.4%

0.83 15.1 Mil
Corporate