About RCBAX
American Funds Corporate Bond Fund, Class R-1, is a mutual fund focused on the investment-grade corporate debt market. Its primary objective is to deliver maximum total return while emphasizing capital preservation and prudent risk management. The fund mainly invests at least 80% of its assets in U.S. dollar-denominated, investment-grade bonds issued by corporations, complemented by allocations to U.S. Treasury securities, non-U.S. bonds, and cash equivalents. This approach provides exposure to sectors such as industrials, financials, and government-related issuers. The fund’s portfolio management leverages extensive fixed-income research to seek diversified return sources and maintain moderate credit quality and interest rate risk profiles. With a typical effective duration near seven years, it occupies a moderate position in terms of sensitivity to market interest rate changes. American Funds Corporate Bond Fund, Class R-1, is designed for investors in retirement and small institution plans who require regular income, portfolio diversification, and capital stability. Its low carbon risk score also suggests limited exposure to carbon-related sector risks, adding an extra dimension of sustainability for the fixed-income investor.
Fund Family Capital Group
Category Corporate Bond
Performance Rating Low
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol RCBAX
Share Class Class R-1
Index Bloomberg U.S. Corp Investment Grade TR
RCBAX had a total return of -3.64% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.38%.
