- What does BFCFX invest in?
- The fund's main goal is to generate the highest possible total return while also carefully preserving capital and managing risks responsibly. It typically commits a minimum of 80% of its assets to corporate debt obligations, which may also be represented by other financial instruments like derivatives. Furthermore, the entire portfolio is generally invested in various debt instruments, such as traditional bonds, mortgage-backed securities, other asset-backed securities, cash, cash equivalents, and certain derivatives. These debt holdings must possess an investment-grade credit rating of at least Baa3 (Moody's) or BBB- (S&P) when acquired, or be judged by the investment adviser to be of comparable quality if unrated.
- What is the expense ratio of BFCFX?
- American Funds Corporate Bond Fund - Class F-1 (BFCFX) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.
- What is BFCFX's dividend yield?
- BFCFX's trailing-twelve-month yield is 4.26%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of BFCFX?
- Effective duration measures BFCFX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BFCFX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of BFCFX?
- BFCFX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of BFCFX?
- Yield to maturity (YTM) is the total return you'd earn from BFCFX if every bond in the portfolio is held to maturity at the current price. BFCFX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
