American Funds® Core Plus Bond Fund
A balanced approach to core plus investing. This fund takes a diversified approach to credit, complemented by active rates positioning to drive results. Risk management designed to monitor portfolio diversification.
Overview
Key information
Key facts
Portfolio managers7




Portfolio managers7




Returns
Investment results1, 2
- ●NAV
- ●Index
| FUND | Daily YTD | 1M | 3M | YTD | 1Y | Lifetime |
|---|
Long-term results
| Average rolling monthly return(%)tooltip: Average rolling return provides the average return for the portfolio across all periods within the specified timeframe. | -2.09 |
|---|---|
| Average rolling monthly index return(%)tooltip: Average rolling index return provides the average return for the index across all periods within the specified timeframe. | -1.84 |
| Average outpaced rolling monthly return(%)tooltip: Average outpaced rolling return is the average percentage the portfolio outpaced the index in periods where the portfolio return was greater than the index for the specified timeframe. | — |
| Average lagging rolling monthly return(%)tooltip: Average lagged rolling return is the average percentage the portfolio lagged the index in periods where the portfolio return was less than the index for the specified timeframe. | -0.25 |
| Average excess rolling monthly return(%)tooltip: Average excess rolling return is the average of the excess return between the portfolio and the index across all periods for the specified timeframe. | -0.25 |
Prices & distributions
- Price at nav ($)
- Price change ($)
- Price change (%)
| YTD dividends subtotal | $0.33684417 |
| YTD cap gains subtotal | $0.00 |
| YTD total distributions | $0.33684417 |
Yield
| 12-month distribution rate (at NAV)tooltip: The income per share paid by the fund over the past 12 months to an investor from dividends (including any special dividends). The distribution rate is expressed as a percentage of the current price.6 | 5.03 |
| 30-day SEC yield (gross/net)tooltip: The 30-day SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities calculated according to the standardized SEC formula; when applicable, it reflects the maximum sales charge. If shown, a net yield reflects fee waivers and/or expense reimbursements in effect during the period. Without waivers and/or reimbursements, the yield would be reduced. Gross yield does not adjust for any fee waivers and/or expense reimbursements in effect. | 3.39 / 5.90 |
Portfolio composition
Asset mix
U.S. Equities | 0.2 |
|---|---|
Non-U.S. Equities | 0.0 |
U.S. Bonds | 84.6 |
Non-U.S. Bonds | 8.8 |
Cash, Equivalents & Other8 | 6.4 |
U.S. Equities | 0.2 |
|---|---|
Non-U.S. Equities | 0.0 |
U.S Bonds | 84.6 |
Non-U.S. Bonds | 8.8 |
Cash, Equivalents & Other | 6.4 |
Key statistics
AFPSX | INDEX | |
|---|---|---|
Yield to worst (%)tooltip: Lower of Yield to Maturity or the bond's total return if put or call options are exercised prior to maturity but no default occurs. | 6.6 | 5.6 |
Yield to maturity (%)tooltip: A bond's total return if held to maturity and no default occurs or options are exercised. Assumes coupons are paid on time and accounts for their present value. Assumes principal is returned at maturity. | 6.6 | 5.6 |
Average coupon (%)tooltip: The average coupon is the weighted average coupon rate of all the bond holdings. | 5.2 | 3.7 |
Effective duration (years)tooltip: Effective duration is a duration calculation for bonds that takes into account that expected cash flows will fluctuate as interest rates change. | 6.1 | 5.7 |
Spread duration (years)tooltip: A measure of fixed income securities' sensitivity to spread movement. | 4.2 | 3.2 |
Option adjusted spread (bps)tooltip: Option-adjusted spread is a yield-spread calculation used to value securities with embedded options. | 118 | 31 |
Duration times spread (bps)tooltip: A measure of fixed income securities' spread exposure, taking into account both spread duration and credit spread exposure. | 532 | 205 |
Morningstar Style Box™9
Top investment grade credit issuers
| AFPSX | Index | |
|---|---|---|
| Teva Pharmaceutical Industries | 1.28% | 0.0% |
| Berkshire Hathaway | 1.28% | 0.2% |
| Ford Motor | 1.11% | 0.1% |
| JPMorgan Chase | 1.09% | 0.5% |
| Goldman Sachs | 0.97% | 0.4% |
| Oracle | 0.83% | 0.3% |
| Morgan Stanley | 0.76% | 0.5% |
| BPCE SA | 0.76% | — |
| Wells Fargo | 0.66% | 0.3% |
| Philip Morris International | 0.65% | 0.1% |
Portfolio exposures
| Market value (%) | Contribution to duration (years) | ||||
|---|---|---|---|---|---|
| Sectors | AFPSX | INDEX | AFPSX | INDEX | |
| Government | 15.2 | 47.1 | 2.6 | 2.6 | |
| Credit | 36.0 | 26.7 | 1.8 | 1.6 | |
| Securitized | 35.7 | 25.0 | 1.2 | 1.4 | |
| Emerging markets | 2.7 | 1.1 | 0.1 | 0.1 | |
| High yield | 13.1 | 0.0 | 0.3 | 0.0 | |
| Other12 | 0.3 | 0.0 | 0.0 | 0.0 | |
| Cash & equivalents10 | 5.7 | — | 0.0 | — | |
| CDXtooltip: The credit default swap index (CDX) is a benchmark financial instrument made up of credit default swaps (CDS) that have been issued by North American or emerging markets companies. Credit default swaps act like insurance policies offering a buyer protection in case of the borrower's default.& TRStooltip: A total return swap (TRS) is a contract between a total return payer and total return receiver. The payer usually pays the total return of agreed security to the receiver and receives a fixed/floating rate payment in exchange. The agreed (or referenced) security can be a bond, index, equity, loan, or commodity. Offset13 | -8.8 | — | — | — | |
Fees & expenses
Fees
Annual management fees | 0.28 |
|---|---|
Other expenses | 0.33 |
12b-1 | n/a |
Expense ratio
AFPSX (gross/net)3 | 0.61/0.34 |
|---|---|
Morningstar Intermediate-Term Bond Retirement, Large median16 As of 9/30/26 (updated quarterly) | 0.38 |
Resources
Literature
Dates as of posting
Timely thought leadership to guide your investment perspectives
EXPLORE INSIGHTSFind resources on topics ranging from plan design to participant education
EXPLORE RESOURCES- Class R-6 shares (expiration: 11/1/26)
- Class R-6