RCBAX - American Funds Corporate Bond R1

Nasdaq - Nasdaq Delayed Price. Currency in USD

American Funds Corporate Bond R1

6455 Irvine Center Drive
Management Information
David S. Lee,Lead Manager since December 13, 2012
David S. Lee is a fixed-income portfolio manager at Capital Group. Earlier in his career, as a fixed-income investment analyst at Capital, he covered brokerage, media, paper and hotel companies. Before joining Capital, he was at Pacific Investment Management Company. He holds an MBA from the University of Chicago Booth School of Business and both a master’s degree and bachelor’s degree in engineering from Stanford University.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryCorporate Bond
Fund FamilyAmerican Funds
Net Assets494.6M
YTD Return-2.36%
Morningstar Rating★★★
Inception DateJul 28, 2016

Fund Operations

Last Dividend0.01
Last Cap Gain0.00
Holdings Turnover162.00%
Average for CategoryN/A

Fees & Expenses

ExpenseRCBAXCategory Average
Annual Report Expense Ratio (net)0.97%0.84%
Prospectus Net Expense Ratio1.68%N/A
Prospectus Gross Expense Ratio1.78%N/A
Max 12b1 Fee1.00%N/A
Max Front End Sales LoadN/A3.73%
Max Deferred Sales LoadN/A1.59%
3 Yr Expense Projection551N/A
5 Yr Expense Projection955N/A
10 Yr Expense Projection2,086N/A