About CFAFX
American Funds The Bond Fund of America® 529-F-1 is a mutual fund focused on providing a high level of current income with an emphasis on capital preservation. Managed by Capital Research and Management Company, this fund is structured as a 529 share class, making it suitable for educational savings accounts seeking fixed-income exposure. The fund maintains a broadly diversified portfolio, primarily investing at least 80% of its assets in bonds and other debt securities, including U.S. government, corporate, and mortgage-backed securities. Most holdings are investment-grade, rated A or better, with limited exposure—no more than 10%—to securities rated below investment grade (BB or lower). The fund also allocates up to 25% of assets to non-U.S. issuers, offering geographic diversification. With thousands of individual securities across sectors and maturities, it serves as a core fixed-income holding for investors aiming to balance risk and income needs within a 529 plan structure. Regular monthly dividends and prudent risk management contribute to its role as a staple in multi-asset portfolios requiring fixed-income stability.
Fund Family Capital Group
Category Intermediate Core Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol CFAFX
Share Class Class 529-f-1
Index Bloomberg U.S. Aggregate Bond TR
CFAFX had a total return of 5.45% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.09%.
