UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
Certified Shareholder Report of
Registered Management Investment Companies
Investment Company Act File Number: 811-02444
The Bond Fund of America
(Exact Name of Registrant as Specified in Charter)
333 South Hope Street, 55th Floor
Los Angeles, California 90071
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (949) 975-5000
Date of fiscal year end: December 31
Date of reporting period: June 30, 2023
Becky L. Park
The Bond Fund of America
6455 Irvine Center Drive
Irvine, California 92618
(Name and Address of Agent for Service)
ITEM 1 – Reports to Stockholders
The Bond Fund of America® Semi-annual report for the six months ended June 30, 2023 | ![](https://capedge.com/proxy/N-CSRS/0000051931-23-000907/x1_c106883x1x1.jpg) |
![](https://capedge.com/proxy/N-CSRS/0000051931-23-000907/x1_c106883x1x2.jpg)
Invest with a stable,
long-term approach
The Bond Fund of America seeks as high a level of current income as is consistent with the preservation of capital.
This fund is one of more than 40 offered by Capital Group, home of American Funds, one of the nation’s largest mutual fund families. For over 90 years, Capital Group has invested with a long-term focus based on thorough research and attention to risk.
Fund results shown in this report, unless otherwise indicated, are for Class F-2 shares. Class A share results are shown at net asset value unless otherwise indicated. If a sales charge (maximum 3.75%) had been deducted, the results would have been lower. Results are for past periods and are not predictive of results for future periods. Current and future results may be lower or higher than those shown. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. For current information and month-end results, refer to capitalgroup.com.
Here are the average annual total returns on a $1,000 investment with all distributions reinvested for periods ended June 30, 2023 (the most recent calendar quarter-end):
| | 1 year | | 5 years | | 10 years |
Class F-2 shares | | | –1.13 | % | | | 1.49 | % | | | 1.94 | % |
Class A shares (reflecting 3.75% maximum sales charge) | | | –5.08 | | | | 0.47 | | | | 1.30 | |
For other share class results, refer to capitalgroup.com and americanfundsretirement.com.
The total annual fund operating expense ratios are 0.33% for Class F-2 and 0.59% for Class A shares as of the prospectus dated March 1, 2023. The expense ratios are restated to reflect current fees.
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Refer to capitalgroup.com for more information.
The fund’s 30-day yield as of June 30, 2023, was 4.80% for Class F-2 shares and 4.36% for Class A shares calculated in accordance with the U.S. Securities and Exchange Commission formula. The fund’s distribution rate as of that date was 3.41% for Class F-2 shares and 3.02% for Class A shares. The Class A share results for both reflect the 3.75% maximum sales charge. The SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities while the distribution rate reflects the fund’s past dividends paid to shareholders. Accordingly, the fund’s SEC yield and distribution rate may differ.
The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. High-yield bonds are subject to greater fluctuations in value and risk of loss of income and principal than investment-grade bonds. Investing in bonds issued outside the U.S. may be subject to additional risks. They include currency fluctuations, political and social instability, differing securities regulations and accounting standards, higher transaction costs, possible changes in taxation, illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries. Refer to the fund prospectus and the Risk Factors section of this report for more information on these and other risks associated with investing in the fund.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Fellow investors:
Results for The Bond Fund of America for the periods ended June 30, 2023, are shown in the table below, as well as results of the fund’s benchmark peer group.
For additional information about the fund, its investment results, holdings and portfolio managers, refer to capitalgroup.com/individual/investments/fund/ABNFX. You can also access information about Capital Group’s American Funds and read our insights about the markets, retirement, saving for college, investing fundamentals and more at capitalgroup.com.
Contents
Results at a glance
For periods ended June 30, 2023, with all distributions reinvested
| | Cumulative total returns | | Average annual total returns |
| | 6 months | | 1 year | | 5 years | | 10 years | | Lifetime (since class A inception on 5/28/74) |
| | | | | | | | | | |
The Bond Fund of America (Class F-2 shares)1 | | | 1.44 | % | | | –1.13 | % | | | 1.49 | % | | | 1.94 | % | | | 7.02 | % |
The Bond Fund of America (Class A shares) | | | 1.30 | | | | –1.39 | | | | 1.24 | | | | 1.69 | | | | 6.78 | |
Bloomberg U.S. Aggregate Index2 | | | 2.09 | | | | –0.94 | | | | 0.77 | | | | 1.52 | | | | 6.71 | |
Lipper Core Bond Funds Average3 | | | 2.21 | | | | –0.73 | | | | 0.74 | | | | 1.47 | | | | 6.57 | |
Past results are not predictive of results in future periods.
1 | Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund without a sales charge, adjusted for typical estimated expenses. Refer to capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale. |
2 | Bloomberg Index Services Limited. The Bloomberg U.S. Aggregate Index began on January 1, 1976. From May 28, 1974, through December 31, 1975, the Barclays U.S. Government/Credit Index (now called “the Bloomberg U.S. Government/Credit Index”) was used. The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index. Bloomberg U.S. Aggregate Index represents the U.S. investment-grade fixed-rate bond market. This index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes. |
3 | Source: Refinitiv Lipper. Results for the Lipper averages do not reflect sales charges. Lipper averages reflect the current composition of all eligible mutual funds (all share classes) within a given category. To review the number of funds included in the Lipper category for each fund’s lifetime, please view the Quarterly Statistical Update, available on our website. |
The Bond Fund of America | 1 |
Investment portfolio June 30, 2023 | unaudited |
| |
Portfolio by type of security | Percent of net assets |
![](https://capedge.com/proxy/N-CSRS/0000051931-23-000907/x1_c106883x4x1.jpg)
Portfolio quality summary* | | Percent of net assets |
U.S. Treasury and agency† | | | 26.91 | % |
AAA/Aaa | | | 34.71 | |
AA/Aa | | | 4.99 | |
A/A | | | 10.93 | |
BBB/Baa | | | 15.33 | |
Below investment grade | | | 3.59 | |
Unrated | | | .05 | |
Short-term securities & other assets less liabilities | | | 3.49 | |
* | Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch as an indication of an issuer’s creditworthiness. In assigning a credit rating to a security, the fund looks specifically to the ratings assigned to the issuer of the security by Standard & Poor’s, Moody’s and/or Fitch. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies. Securities in the “unrated” category (above) have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with the fund’s investment policies. |
† | These securities are guaranteed by the full faith and credit of the U.S. government. |
Bonds, notes & other debt instruments 96.45% | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans 31.57% | | | | | | |
Financials 10.10% | | | | | | | | |
AerCap Ireland Capital DAC 1.15% 10/29/2023 | | USD | 18,000 | | | $ | 17,714 | |
AerCap Ireland Capital DAC 1.65% 10/29/2024 | | | 50,868 | | | | 47,825 | |
AerCap Ireland Capital DAC 6.50% 7/15/2025 | | | 4,854 | | | | 4,881 | |
AerCap Ireland Capital DAC 1.75% 1/30/2026 | | | 7,812 | | | | 7,018 | |
AerCap Ireland Capital DAC 2.45% 10/29/2026 | | | 60,098 | | | | 53,723 | |
AerCap Ireland Capital DAC 5.75% 6/6/2028 | | | 29,682 | | | | 29,470 | |
AerCap Ireland Capital DAC 3.00% 10/29/2028 | | | 48,387 | | | | 41,876 | |
AerCap Ireland Capital DAC 3.30% 1/30/2032 | | | 53,178 | | | | 43,530 | |
AerCap Ireland Capital DAC 3.40% 10/29/2033 | | | 26,051 | | | | 20,951 | |
AerCap Ireland Capital DAC 3.85% 10/29/2041 | | | 8,351 | | | | 6,351 | |
AIA Group, Ltd. 0.88% 9/9/2033 (5-year EUR Mid-Swap + 1.10% on 9/9/2028)1 | | EUR | 9,525 | | | | 8,246 | |
Ally Financial, Inc. 5.125% 9/30/2024 | | USD | 3,863 | | | | 3,792 | |
Ally Financial, Inc. 5.80% 5/1/2025 | | | 6,400 | | | | 6,295 | |
Ally Financial, Inc. 8.00% 11/1/2031 | | | 22,786 | | | | 23,551 | |
American Express Co. 5.85% 11/5/2027 | | | 1,700 | | | | 1,742 | |
American Express Co. 4.42% 8/3/2033 (USD-SOFR + 1.76% on 8/3/2032)1 | | | 21,950 | | | | 20,723 | |
American Express Co. 5.043% 5/1/2034 (USD-SOFR + 1.835% on 5/1/2033)1 | | | 55,975 | | | | 54,780 | |
American International Group, Inc. 2.50% 6/30/2025 | | | 7,000 | | | | 6,596 | |
American International Group, Inc. 3.90% 4/1/2026 | | | 1,313 | | | | 1,263 | |
American International Group, Inc. 5.125% 3/27/2033 | | | 20,794 | | | | 20,322 | |
American International Group, Inc. 4.375% 6/30/2050 | | | 2,730 | | | | 2,309 | |
Aon Corp. 2.85% 5/28/2027 | | | 1,000 | | | | 915 | |
Aon Corp. 2.60% 12/2/2031 | | | 10,750 | | | | 8,866 | |
Aon Corp. 5.00% 9/12/2032 | | | 6,000 | | | | 5,927 | |
Aon Corp. 5.35% 2/28/2033 | | | 11,432 | | | | 11,525 | |
Aon Corp. 3.90% 2/28/2052 | | | 1,000 | | | | 786 | |
2 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Financials (continued) | | | | | | | | |
Arthur J. Gallagher & Co. 3.50% 5/20/2051 | | USD | 4,395 | | | $ | 3,150 | |
Australia and New Zealand Banking Group, Ltd. 4.829% 2/3/20252 | | | 955 | | | | 945 | |
Australia and New Zealand Banking Group, Ltd. 6.742% 12/8/20322 | | | 1,518 | | | | 1,571 | |
Banco de Credito del Peru SA 3.25% 9/30/2031 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.45% on 9/30/2026)1,2 | | | 6,910 | | | | 6,090 | |
Banco Santander México, SA, Institución de Banca Múltiple, Grupo Financiero Santander México 5.375% 4/17/20252 | | | 7,500 | | | | 7,425 | |
Banco Santander, SA 2.746% 5/28/2025 | | | 8,200 | | | | 7,703 | |
Banco Santander, SA 5.147% 8/18/2025 | | | 18,400 | | | | 18,081 | |
Banco Santander, SA 5.294% 8/18/2027 | | | 9,800 | | | | 9,618 | |
Banco Santander, SA 1.722% 9/14/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.90% on 9/14/2026)1 | | | 7,800 | | | | 6,777 | |
Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)1 | | | 19,965 | | | | 16,948 | |
Bank of America Corp. 5.08% 1/20/2027 (USD-SOFR + 1.29% on 1/20/2026)1 | | | 47,781 | | | | 47,064 | |
Bank of America Corp. 1.658% 3/11/2027 (USD-SOFR + 0.91% on 3/11/2026)1 | | | 30,000 | | | | 27,011 | |
Bank of America Corp. 1.734% 7/22/2027 (USD-SOFR + 0.96% on 7/22/2026)1 | | | 19,965 | | | | 17,835 | |
Bank of America Corp. 2.551% 2/4/2028 (USD-SOFR + 1.05% on 2/4/2027)1 | | | 30,000 | | | | 27,099 | |
Bank of America Corp. 4.376% 4/27/2028 (USD-SOFR + 1.58% on 4/27/2027)1 | | | 17,314 | | | | 16,635 | |
Bank of America Corp. 4.948% 7/22/2028 (USD-SOFR + 2.04% on 7/22/2027)1 | | | 85,221 | | | | 83,765 | |
Bank of America Corp. 6.204% 11/10/2028 (USD-SOFR + 1.99% on 11/10/2027)1 | | | 33,273 | | | | 34,227 | |
Bank of America Corp. 3.419% 12/20/2028 (3-month USD CME Term SOFR + 1.302% on 12/20/2027)1 | | | 38,883 | | | | 35,691 | |
Bank of America Corp. 5.202% 4/25/2029 (USD-SOFR + 1.63% on 4/25/2028)1 | | | 54,681 | | | | 54,118 | |
Bank of America Corp. 2.087% 6/14/2029 (USD-SOFR + 1.06% on 6/14/2028)1 | | | 53,866 | | | | 45,992 | |
Bank of America Corp. 1.898% 7/23/2031 (USD-SOFR + 1.53% on 7/23/2030)1 | | | 40,370 | | | | 32,166 | |
Bank of America Corp. 2.651% 3/11/2032 (USD-SOFR + 1.22% on 3/11/2031)1 | | | 5,706 | | | | 4,728 | |
Bank of America Corp. 2.687% 4/22/2032 (USD-SOFR + 1.32% on 4/22/2031)1 | | | 16,219 | | | | 13,448 | |
Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031)1 | | | 71,753 | | | | 57,411 | |
Bank of America Corp. 2.572% 10/20/2032 (USD-SOFR + 1.21% on 10/20/2031)1 | | | 2,416 | | | | 1,969 | |
Bank of America Corp. 2.972% 2/4/2033 (USD-SOFR + 1.33% on 2/4/2032)1 | | | 809 | | | | 675 | |
Bank of America Corp. 4.571% 4/27/2033 (USD-SOFR + 1.83% on 4/27/2032)1 | | | 47,000 | | | | 44,214 | |
Bank of America Corp. 5.015% 7/22/2033 (USD-SOFR + 2.16% on 7/22/2032)1 | | | 22,131 | | | | 21,662 | |
Bank of America Corp. 5.288% 4/25/2034 (USD-SOFR + 1.91% on 4/25/2033)1 | | | 47,931 | | | | 47,507 | |
Bank of America Corp. 2.676% 6/19/2041 (USD-SOFR + 1.93% on 6/19/2040)1 | | | 530 | | | | 372 | |
Bank of East Asia, Ltd. 4.875% 4/22/2032 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.30% on 4/22/2027)1 | | | 7,000 | | | | 6,316 | |
Bank of Ireland Group PLC 6.253% 9/16/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.65% on 9/16/2025)1,2 | | | 32,600 | | | | 32,397 | |
Bank of Ireland Group PLC 2.029% 9/30/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.10% on 9/30/2026)1,2 | | | 9,200 | | | | 7,968 | |
Bank of Montreal 5.30% 6/5/2026 | | | 10,000 | | | | 9,978 | |
Bank of Montreal 5.203% 2/1/2028 | | | 4,000 | | | | 4,001 | |
Bank of New York Mellon Corp. 4.947% 4/26/2027 (USD-SOFR + 1.026% on 4/26/2026)1 | | | 15,000 | | | | 14,822 | |
Bank of New York Mellon Corp. 5.802% 10/25/2028 (USD-SOFR + 1.802% on 10/25/2027)1 | | | 10,000 | | | | 10,200 | |
Bank of New York Mellon Corp. 4.534% 2/1/2029 (USD-SOFR + 1.169% on 2/1/2028)1 | | | 18,000 | | | | 17,533 | |
Bank of New York Mellon Corp. 4.705% 2/1/2034 (USD-SOFR + 1.512% on 2/1/2033)1 | | | 22,105 | | | | 21,248 | |
Barclays PLC 5.304% 8/9/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.30% on 8/9/2025)1 | | | 725 | | | | 708 | |
Barclays PLC 5.829% 5/9/2027 (USD-SOFR + 2.21% on 5/9/2026)1 | | | 18,000 | | | | 17,766 | |
Barclays PLC 5.501% 8/9/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.65% on 8/5/2027)1 | | | 29,640 | | | | 28,929 | |
Barclays PLC 6.224% 5/9/2034 (USD-SOFR + 2.98% on 5/9/2033)1 | | | 25,425 | | | | 25,341 | |
BBVA Bancomer, SA 8.45% 6/29/2038 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.661% on 6/29/2033)1,2 | | | 14,100 | | | | 14,127 | |
Berkshire Hathaway Finance Corp. 2.875% 3/15/2032 | | | 2,032 | | | | 1,790 | |
Berkshire Hathaway Finance Corp. 4.20% 8/15/2048 | | | 14,738 | | | | 13,287 | |
Berkshire Hathaway Finance Corp. 4.25% 1/15/2049 | | | 1,000 | | | | 912 | |
Berkshire Hathaway Finance Corp. 3.85% 3/15/2052 | | | 2,253 | | | | 1,864 | |
BlackRock, Inc. 2.10% 2/25/2032 | | | 9,025 | | | | 7,287 | |
BlackRock, Inc. 4.75% 5/25/2033 | | | 15,150 | | | | 14,899 | |
Blackstone Holdings Finance Co., LLC 5.90% 11/3/20272 | | | 12,375 | | | | 12,535 | |
Blackstone Holdings Finance Co., LLC 6.20% 4/22/20332 | | | 3,520 | | | | 3,599 | |
Block, Inc. 2.75% 6/1/2026 | | | 8,000 | | | | 7,292 | |
Block, Inc. 3.50% 6/1/2031 | | | 5,025 | | | | 4,168 | |
The Bond Fund of America | 3 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Financials (continued) | | | | | | | | |
BNP Paribas SA 3.375% 1/9/20252 | | USD | 11,000 | | | $ | 10,570 | |
BNP Paribas SA 1.323% 1/13/2027 (USD-SOFR + 1.004% on 1/13/2026)1,2 | | | 9,000 | | | | 7,987 | |
BNP Paribas SA 1.675% 6/30/2027 (USD-SOFR + 0.912% on 6/30/2026)1,2 | | | 7,417 | | | | 6,543 | |
BNP Paribas SA 2.591% 1/20/2028 (USD-SOFR + 1.228% on 1/20/2027)1,2 | | | 77,065 | | | | 68,947 | |
BNP Paribas SA 2.159% 9/15/2029 (USD-SOFR + 1.218% on 9/15/2028)1,2 | | | 8,319 | | | | 6,936 | |
BNP Paribas SA 2.871% 4/19/2032 (USD-SOFR + 1.387% on 4/19/2031)1,2 | | | 63,214 | | | | 51,827 | |
Bocom Leasing Management Hong Kong Co., Ltd. 4.375% 1/22/2024 | | | 2,500 | | | | 2,479 | |
BPCE 5.70% 10/22/20232 | | | 27,768 | | | | 27,650 | |
BPCE 4.625% 7/11/20242 | | | 20,600 | | | | 20,137 | |
BPCE 5.15% 7/21/20242 | | | 28,454 | | | | 27,948 | |
BPCE 1.625% 1/14/20252 | | | 18,000 | | | | 16,811 | |
BPCE 1.652% 10/6/2026 (USD-SOFR + 1.52% on 10/6/2025)1,2 | | | 38,255 | | | | 34,328 | |
BPCE 5.975% 1/18/2027 (USD-SOFR + 2.10% on 1/18/2026)1,2 | | | 19,000 | | | | 18,830 | |
BPCE 2.045% 10/19/2027 (USD-SOFR + 1.087% on 10/19/2026)1,2 | | | 10,656 | | | | 9,301 | |
BPCE 2.277% 1/20/2032 (USD-SOFR + 1.312% on 1/20/2031)1,2 | | | 36,234 | | | | 28,010 | |
BPCE 5.748% 7/19/2033 (USD-SOFR + 2.865% on 7/19/2032)1,2 | | | 27,495 | | | | 26,871 | |
CaixaBank, SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028)1,2 | | | 25,500 | | | | 25,462 | |
Canadian Imperial Bank of Commerce 5.144% 4/28/2025 | | | 10,000 | | | | 9,920 | |
Canadian Imperial Bank of Commerce 3.60% 4/7/2032 | | | 197 | | | | 177 | |
Capital One Financial Corp. 1.343% 12/6/2024 (USD-SOFR + 0.69% on 12/6/2023)1 | | | 26,900 | | | | 26,202 | |
Capital One Financial Corp. 4.985% 7/24/2026 (USD-SOFR + 2.16% on 7/24/2025)1 | | | 16,000 | | | | 15,514 | |
Capital One Financial Corp. 4.927% 5/10/2028 (USD-SOFR + 2.057% on 5/10/2027)1 | | | 16,300 | | | | 15,478 | |
Capital One Financial Corp. 5.468% 2/1/2029 (USD-SOFR + 2.08% on 2/1/2028)1 | | | 12,140 | | | | 11,638 | |
Capital One Financial Corp. 6.312% 6/8/2029 (USD-SOFR + 2.64% on 6/8/2028)1 | | | 4,850 | | | | 4,821 | |
Capital One Financial Corp. 6.377% 6/8/2034 (USD-SOFR + 2.86% on 6/8/2033)1 | | | 1,550 | | | | 1,540 | |
Charles Schwab Corp. 5.643% 5/19/2029 (USD-SOFR + 2.21% on 5/19/2028)1 | | | 24,850 | | | | 24,851 | |
Charles Schwab Corp. 5.853% 5/19/2034 (USD-SOFR + 2.50% on 5/19/2033)1 | | | 17,388 | | | | 17,659 | |
China Merchants Bank Co., Ltd. (USD-SOFR + 0.65%) 1.082% 6/13/20263 | | | 9,000 | | | | 9,010 | |
China Ping An Insurance Overseas (Holdings), Ltd. 2.85% 8/12/2031 | | | 7,247 | | | | 5,632 | |
Chubb INA Holdings, Inc. 3.35% 5/3/2026 | | | 100 | | | | 96 | |
Chubb INA Holdings, Inc. 1.375% 9/15/2030 | | | 3,750 | | | | 2,985 | |
Chubb INA Holdings, Inc. 4.35% 11/3/2045 | | | 100 | | | | 91 | |
Chubb INA Holdings, Inc. 2.85% 12/15/2051 | | | 1,588 | | | | 1,108 | |
Chubb INA Holdings, Inc. 3.05% 12/15/2061 | | | 3,758 | | | | 2,534 | |
Citigroup, Inc. 2.014% 1/25/2026 (USD-SOFR + 0.694% on 1/25/2025)1 | | | 12,852 | | | | 12,080 | |
Citigroup, Inc. 4.45% 9/29/2027 | | | 400 | | | | 382 | |
Citigroup, Inc. 3.07% 2/24/2028 (USD-SOFR + 1.28% on 2/24/2027)1 | | | 76,579 | | | | 70,514 | |
Citigroup, Inc. 2.572% 6/3/2031 (USD-SOFR + 2.107% on 6/3/2030)1 | | | 21,769 | | | | 18,172 | |
Citigroup, Inc. 2.561% 5/1/2032 (USD-SOFR + 1.167% on 5/1/2031)1 | | | 6,406 | | | | 5,233 | |
Citigroup, Inc. 2.52% 11/3/2032 (USD-SOFR + 1.177% on 11/3/2031)1 | | | 13,207 | | | | 10,648 | |
Citigroup, Inc. 3.057% 1/25/2033 (USD-SOFR + 1.351% on 1/25/2032)1 | | | 5,991 | | | | 5,004 | |
Citigroup, Inc. 3.785% 3/17/2033 (USD-SOFR + 1.939% on 3/17/2032)1 | | | 8,739 | | | | 7,725 | |
Citigroup, Inc. 4.91% 5/24/2033 (USD-SOFR + 2.086% on 5/24/2032)1 | | | 2,935 | | | | 2,842 | |
Citigroup, Inc. 6.27% 11/17/2033 (USD-SOFR + 2.338% on 11/17/2032)1 | | | 87,325 | | | | 92,738 | |
Citigroup, Inc. 6.174% 5/25/2034 (USD-SOFR + 2.661% on 5/25/2033)1 | | | 925 | | | | 934 | |
Commonwealth Bank of Australia 2.688% 3/11/20312 | | | 17,450 | | | | 13,695 | |
Cooperatieve Rabobank UA 2.625% 7/22/20242 | | | 698 | | | | 674 | |
Corebridge Financial, Inc. 3.50% 4/4/2025 | | | 10,376 | | | | 9,892 | |
Corebridge Financial, Inc. 3.65% 4/5/2027 | | | 26,338 | | | | 24,615 | |
Corebridge Financial, Inc. 3.85% 4/5/2029 | | | 37,736 | | | | 33,989 | |
Corebridge Financial, Inc. 3.90% 4/5/2032 | | | 38,591 | | | | 33,584 | |
Corebridge Financial, Inc. 4.35% 4/5/2042 | | | 2,317 | | | | 1,873 | |
Corebridge Financial, Inc. 4.40% 4/5/2052 | | | 7,813 | | | | 6,155 | |
Crédit Agricole SA 3.25% 10/4/20242 | | | 6,200 | | | | 5,974 | |
Crédit Agricole SA 4.375% 3/17/20252 | | | 3,500 | | | | 3,373 | |
Crédit Agricole SA 1.907% 6/16/2026 (USD-SOFR + 1.676% on 6/16/2025)1,2 | | | 12,000 | | | | 11,053 | |
Crédit Agricole SA 1.247% 1/26/2027 (USD-SOFR + 0.892% on 1/26/2026)1,2 | | | 12,327 | | | | 10,926 | |
Credit Suisse AG 2.95% 4/9/2025 | | | 2,350 | | | | 2,210 | |
Credit Suisse AG 7.50% 2/15/2028 | | | 17,000 | | | | 18,075 | |
Credit Suisse Group AG 4.55% 4/17/2026 | | | 7,000 | | | | 6,733 | |
Danske Bank AS 3.875% 9/12/20232 | | | 15,165 | | | | 15,108 | |
Danske Bank AS 6.466% 1/9/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 1/9/2025)1,2 | | | 3,831 | | | | 3,824 | |
Danske Bank AS 1.549% 9/10/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.73% on 9/10/2026)1,2 | | | 14,200 | | | | 12,345 | |
Danske Bank AS 4.298% 4/1/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 4/1/2027)1,2 | | | 19,150 | | | | 17,893 | |
4 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Financials (continued) | | | | | | | | |
DBS Bank, Ltd. (3-month AUD-BBSW + 0.55%) 4.767% 9/10/20243 | | AUD | 24,980 | | | $ | 16,645 | |
DBS Bank, Ltd. (3-month AUD-BBSW + 0.57%) 4.592% 12/2/20243 | | | 14,970 | | | | 9,965 | |
Deutsche Bank AG 0.898% 5/28/2024 | | USD | 15,450 | | | | 14,685 | |
Deutsche Bank AG 3.70% 5/30/2024 | | | 12,900 | | | | 12,529 | |
Deutsche Bank AG 2.222% 9/18/2024 (USD-SOFR + 2.159% on 9/18/2023)1 | | | 89,334 | | | | 88,210 | |
Deutsche Bank AG 1.447% 4/1/2025 (USD-SOFR + 1.131% on 4/1/2024)1 | | | 24,716 | | | | 23,493 | |
Deutsche Bank AG 3.961% 11/26/2025 (USD-SOFR + 2.581% on 11/26/2024)1 | | | 17,750 | | | | 16,933 | |
Deutsche Bank AG 4.10% 1/13/2026 | | | 16,415 | | | | 15,377 | |
Deutsche Bank AG 4.10% 1/13/2026 | | | 4,936 | | | | 4,662 | |
Deutsche Bank AG 2.129% 11/24/2026 (USD-SOFR + 1.87% on 11/24/2025)1 | | | 65,864 | | | | 58,631 | |
Deutsche Bank AG 2.311% 11/16/2027 (USD-SOFR + 1.219% on 11/16/2026)1 | | | 54,900 | | | | 47,217 | |
Deutsche Bank AG 2.552% 1/7/2028 (USD-SOFR + 1.318% on 1/7/2027)1 | | | 104,464 | | | | 90,657 | |
Deutsche Bank AG 6.72% 1/18/2029 (USD-SOFR + 3.18% on 1/18/2028)1 | | | 60,492 | | | | 60,625 | |
Deutsche Bank AG 3.547% 9/18/2031 (USD-SOFR + 3.043% on 9/18/2030)1 | | | 23,376 | | | | 19,427 | |
Deutsche Bank AG 3.729% 1/14/2032 (USD-SOFR + 2.757% on 1/14/2031)1 | | | 23,000 | | | | 17,407 | |
Deutsche Bank AG 3.035% 5/28/2032 (USD-SOFR + 1.718% on 5/28/2031)1 | | | 406 | | | | 320 | |
Deutsche Bank AG 7.079% 2/10/2034 (USD-SOFR + 3.65% on 2/10/2033)1 | | | 1,500 | | | | 1,388 | |
Discover Bank 3.45% 7/27/2026 | | | 2,343 | | | | 2,158 | |
Discover Financial Services 6.70% 11/29/2032 | | | 5,278 | | | | 5,440 | |
DNB Bank ASA 1.127% 9/16/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on 9/16/2025)1,2 | | | 2,882 | | | | 2,575 | |
DNB Bank ASA 5.896% 10/9/2026 (USD-SOFR + 1.95% on 10/9/2025)1,2 | | | 2,000 | | | | 1,982 | |
DNB Bank ASA 1.535% 5/25/2027 (5-year UST Yield Curve Rate T Note Constant Maturity + 0.72% on 5/25/2026)1,2 | | | 8,037 | | | | 7,082 | |
Fidelity National Information Services, Inc. 1.15% 3/1/2026 | | | 22,429 | | | | 20,019 | |
Fidelity National Information Services, Inc. 2.25% 3/1/2031 | | | 4,699 | | | | 3,753 | |
Fiserv, Inc. 2.75% 7/1/2024 | | | 19,000 | | | | 18,439 | |
Fiserv, Inc. 3.50% 7/1/2029 | | | 4,590 | | | | 4,192 | |
Fiserv, Inc. 2.65% 6/1/2030 | | | 900 | | | | 768 | |
Five Corners Funding Trust II 2.85% 5/15/20302 | | | 4,300 | | | | 3,659 | |
Five Corners Funding Trust III 5.791% 2/15/20332 | | | 15,060 | | | | 15,277 | |
Five Corners Funding Trust IV 5.997% 2/15/20532 | | | 2,500 | | | | 2,544 | |
Fortrea Holdings, Inc. 7.50% 7/1/20302 | | | 2,825 | | | | 2,896 | |
GE Capital Funding, LLC 4.55% 5/15/2032 | | | 2,672 | | | | 2,597 | |
Global Payments, Inc. 2.90% 5/15/2030 | | | 3,345 | | | | 2,838 | |
Global Payments, Inc. 2.90% 11/15/2031 | | | 5,973 | | | | 4,864 | |
Goldman Sachs Group, Inc. 1.757% 1/24/2025 (USD-SOFR + 0.73% on 1/24/2024)1 | | | 2,500 | | | | 2,435 | |
Goldman Sachs Group, Inc. 3.50% 4/1/2025 | | | 14,230 | | | | 13,679 | |
Goldman Sachs Group, Inc. 0.855% 2/12/2026 (USD-SOFR + 0.609% on 2/12/2025)1 | | | 400 | | | | 369 | |
Goldman Sachs Group, Inc. (3-month USD-LIBOR + 1.17%) 6.491% 5/15/20263 | | | 7,000 | | | | 7,087 | |
Goldman Sachs Group, Inc. 1.093% 12/9/2026 (USD-SOFR + 0.789% on 12/9/2025)1 | | | 2,374 | | | | 2,117 | |
Goldman Sachs Group, Inc. 1.542% 9/10/2027 (USD-SOFR + 0.818% on 9/10/2026)1 | | | 61,000 | | | | 53,652 | |
Goldman Sachs Group, Inc. 1.948% 10/21/2027 (USD-SOFR + 0.913% on 10/21/2026)1 | | | 92,878 | | | | 82,653 | |
Goldman Sachs Group, Inc. 2.64% 2/24/2028 (USD-SOFR + 1.114% on 2/24/2027)1 | | | 19,614 | | | | 17,812 | |
Goldman Sachs Group, Inc. 3.615% 3/15/2028 (USD-SOFR + 1.846% on 3/15/2027)1 | | | 47,274 | | | | 44,394 | |
Goldman Sachs Group, Inc. 4.482% 8/23/2028 (USD-SOFR + 1.725% on 8/23/2027)1 | | | 53,775 | | | | 52,026 | |
Goldman Sachs Group, Inc. 3.814% 4/23/2029 (3-month USD CME Term SOFR + 1.42% on 4/23/2028)1 | | | 5,725 | | | | 5,319 | |
Goldman Sachs Group, Inc. 2.60% 2/7/2030 | | | 5,356 | | | | 4,567 | |
Goldman Sachs Group, Inc. 3.80% 3/15/2030 | | | 9,419 | | | | 8,720 | |
Goldman Sachs Group, Inc. 1.992% 1/27/2032 (USD-SOFR + 1.09% on 1/27/2031)1 | | | 48,715 | | | | 38,369 | |
Goldman Sachs Group, Inc. 2.615% 4/22/2032 (USD-SOFR + 1.281% on 4/22/2031)1 | | | 14,670 | | | | 12,035 | |
Goldman Sachs Group, Inc. 2.383% 7/21/2032 (USD-SOFR + 1.248% on 7/21/2031)1 | | | 8,941 | | | | 7,165 | |
Goldman Sachs Group, Inc. 2.65% 10/21/2032 (USD-SOFR + 1.264% on 10/21/2031)1 | | | 5,120 | | | | 4,175 | |
Goldman Sachs Group, Inc. 3.102% 2/24/2033 (USD-SOFR + 1.41% on 2/24/2032)1 | | | 36,988 | | | | 31,262 | |
Goldman Sachs Group, Inc. 4.017% 10/31/2038 (3-month USD CME Term SOFR + 1.635% on 10/31/2037)1 | | | 175 | | | | 148 | |
Goldman Sachs Group, Inc. 2.908% 7/21/2042 (USD-SOFR + 1.40% on 7/21/2041)1 | | | 10,000 | | | | 7,072 | |
Goldman Sachs Group, Inc. 3.436% 2/24/2043 (USD-SOFR + 1.632% on 2/24/2042)1 | | | 9,000 | | | | 6,856 | |
HSBC Holdings PLC 2.633% 11/7/2025 (USD-SOFR + 1.402% on 11/7/2024)1 | | | 5,000 | | | | 4,752 | |
HSBC Holdings PLC 2.256% 11/13/2026 (1-year GBP-ICE Swap + 1.317% on 11/13/2025)1 | | GBP | 6,050 | | | | 6,854 | |
HSBC Holdings PLC 2.251% 11/22/2027 (USD-SOFR + 1.10% on 11/22/2026)1 | | USD | 11,240 | | | | 9,982 | |
HSBC Holdings PLC 4.755% 6/9/2028 (USD-SOFR + 2.11% on 6/9/2027)1 | | | 22,033 | | | | 21,187 | |
HSBC Holdings PLC 6.161% 3/9/2029 (USD-SOFR + 1.97% on 3/9/2028)1 | | | 15,000 | | | | 15,142 | |
The Bond Fund of America | 5 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Financials (continued) | | | | | | | | |
HSBC Holdings PLC 4.583% 6/19/2029 (3-month USD CME Term SOFR + 1.796% on 6/19/2028)1 | | USD | 5,000 | | | $ | 4,710 | |
HSBC Holdings PLC 2.206% 8/17/2029 (USD-SOFR + 1.285% on 8/17/2028)1 | | | 3,246 | | | | 2,719 | |
HSBC Holdings PLC 4.95% 3/31/2030 | | | 3,150 | | | | 3,104 | |
HSBC Holdings PLC 3.973% 5/22/2030 (3-month USD CME Term SOFR + 1.872% on 5/22/2029)1 | | | 21,463 | | | | 19,293 | |
HSBC Holdings PLC 3.00% 5/29/2030 (1-year EUR Annual (vs. 6-month GBP-LIBOR) + 1.77% on 5/29/2029)1 | | GBP | 3,613 | | | | 3,729 | |
HSBC Holdings PLC 2.357% 8/18/2031 (USD-SOFR + 1.947% on 8/18/2030)1 | | USD | 5,870 | | | | 4,689 | |
HSBC Holdings PLC 2.804% 5/24/2032 (USD-SOFR + 1.187% on 5/24/2031)1 | | | 40,300 | | | | 32,615 | |
HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031)1 | | | 4,222 | | | | 3,407 | |
HSBC Holdings PLC 8.113% 11/3/2033 (USD-SOFR + 4.25% on 11/3/2032)1 | | | 15,000 | | | | 16,661 | |
HSBC Holdings PLC 6.254% 3/9/2034 (USD-SOFR + 2.39% on 3/9/2033)1 | | | 4,200 | | | | 4,308 | |
HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043)1 | | | 18,190 | | | | 18,874 | |
Huarong Finance 2017 Co., Ltd. 4.75% 4/27/2027 | | | 7,854 | | | | 6,802 | |
Huarong Finance 2017 Co., Ltd. 4.25% 11/7/2027 | | | 39,663 | | | | 33,068 | |
Huarong Finance 2019 Co., Ltd. (3-month USD-LIBOR + 1.25%) 6.625% 2/24/20253 | | | 2,556 | | | | 2,405 | |
Huarong Finance 2019 Co., Ltd. 4.50% 5/29/2029 | | | 2,367 | | | | 1,900 | |
Huarong Finance 2019 Co., Ltd. 3.875% 11/13/2029 | | | 2,500 | | | | 1,931 | |
Huarong Finance 2019 Co., Ltd. 3.375% 2/24/2030 | | | 9,029 | | | | 6,848 | |
Huarong Finance II Co., Ltd. 5.50% 1/16/2025 | | | 38,773 | | | | 36,891 | |
Huarong Finance II Co., Ltd. 5.00% 11/19/2025 | | | 3,637 | | | | 3,359 | |
Huarong Finance II Co., Ltd. 4.625% 6/3/2026 | | | 360 | | | | 321 | |
Huarong Finance II Co., Ltd. 4.875% 11/22/2026 | | | 12,224 | | | | 10,827 | |
Industrial and Commercial Bank of China, Ltd. 2.875% 9/12/2029 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.65% on 9/12/2024)3 | | | 3,000 | | | | 2,888 | |
Insurance Australia Group, Ltd. (3-month AUD-BBSW + 2.45%) 6.686% 12/15/20363 | | AUD | 7,280 | | | | 4,836 | |
Intercontinental Exchange, Inc. 4.00% 9/15/2027 | | USD | 259 | | | | 252 | |
Intercontinental Exchange, Inc. 4.35% 6/15/2029 | | | 20,255 | | | | 19,836 | |
Intercontinental Exchange, Inc. 2.10% 6/15/2030 | | | 20,000 | | | | 16,764 | |
Intercontinental Exchange, Inc. 4.60% 3/15/2033 | | | 21,619 | | | | 20,994 | |
Intercontinental Exchange, Inc. 2.65% 9/15/2040 | | | 3,875 | | | | 2,745 | |
Intercontinental Exchange, Inc. 3.00% 6/15/2050 | | | 14,706 | | | | 10,228 | |
Intercontinental Exchange, Inc. 4.95% 6/15/2052 | | | 7,119 | | | | 6,779 | |
Intercontinental Exchange, Inc. 3.00% 9/15/2060 | | | 6,311 | | | | 4,136 | |
Intesa Sanpaolo SpA 5.017% 6/26/20242 | | | 125,758 | | | | 121,858 | |
Intesa Sanpaolo SpA 3.25% 9/23/20242 | | | 8,260 | | | | 7,927 | |
Intesa Sanpaolo SpA 7.00% 11/21/20252 | | | 20,450 | | | | 20,650 | |
Intesa Sanpaolo SpA 5.71% 1/15/20262 | | | 24,105 | | | | 22,964 | |
Intesa Sanpaolo SpA 3.875% 7/14/20272 | | | 10,275 | | | | 9,270 | |
Intesa Sanpaolo SpA 3.875% 1/12/20282 | | | 4,974 | | | | 4,445 | |
Intesa Sanpaolo SpA 4.00% 9/23/20292 | | | 3,000 | | | | 2,609 | |
Intesa Sanpaolo SpA 8.248% 11/21/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 4.40% on 11/21/2032)1,2 | | | 2,525 | | | | 2,654 | |
Intesa Sanpaolo SpA 7.778% 6/20/2054 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.90% on 6/20/2053)1,2 | | | 37,275 | | | | 37,184 | |
Iron Mountain Information Management Services, Inc. 5.00% 7/15/20322 | | | 12,345 | | | | 10,675 | |
JPMorgan Chase & Co. 4.023% 12/5/2024 (3-month USD CME Term SOFR + 1.262% on 12/5/2023)1 | | | 5,000 | | | | 4,958 | |
JPMorgan Chase & Co. 2.301% 10/15/2025 (USD-SOFR + 1.16% on 10/15/2024)1 | | | 62,749 | | | | 59,819 | |
JPMorgan Chase & Co. 1.561% 12/10/2025 (USD-SOFR + 0.605% on 12/10/2024)1 | | | 155,249 | | | | 145,429 | |
JPMorgan Chase & Co. 5.546% 12/15/2025 (USD-SOFR + 1.07% on 12/15/2024)1 | | | 5,002 | | | | 4,983 | |
JPMorgan Chase & Co. 2.005% 3/13/2026 (USD-SOFR + 1.585% on 3/13/2025)1 | | | 22,000 | | | | 20,672 | |
JPMorgan Chase & Co. 1.578% 4/22/2027 (USD-SOFR + 0.885% on 4/22/2026)1 | | | 23,622 | | | | 21,229 | |
JPMorgan Chase & Co. 1.47% 9/22/2027 (USD-SOFR + 0.765% on 9/22/2026)1 | | | 31,459 | | | | 27,792 | |
JPMorgan Chase & Co. 2.947% 2/24/2028 (USD-SOFR + 1.17% on 2/24/2027)1 | | | 67,908 | | | | 62,402 | |
JPMorgan Chase & Co. 4.323% 4/26/2028 (USD-SOFR + 1.56% on 4/26/2027)1 | | | 57,161 | | | | 55,208 | |
JPMorgan Chase & Co. 4.851% 7/25/2028 (USD-SOFR + 1.99% on 7/25/2027)1 | | | 39,114 | | | | 38,615 | |
JPMorgan Chase & Co. 3.509% 1/23/2029 (3-month USD CME Term SOFR + 1.207% on 1/23/2028)1 | | | 13,444 | | | | 12,439 | |
JPMorgan Chase & Co. 2.069% 6/1/2029 (USD-SOFR + 1.015% on 6/1/2028)1 | | | 41,999 | | | | 36,051 | |
JPMorgan Chase & Co. 2.522% 4/22/2031 (USD-SOFR + 2.04% on 4/22/2030)1 | | | 1,725 | | | | 1,460 | |
JPMorgan Chase & Co. 1.764% 11/19/2031 (USD-SOFR + 1.05% on 11/19/2030)1 | | | 2,115 | | | | 1,675 | |
JPMorgan Chase & Co. 1.953% 2/4/2032 (USD-SOFR + 1.065% on 2/4/2031)1 | | | 8,744 | | | | 6,970 | |
JPMorgan Chase & Co. 2.58% 4/22/2032 (USD-SOFR + 1.25% on 4/22/2031)1 | | | 1,890 | | | | 1,571 | |
JPMorgan Chase & Co. 2.545% 11/8/2032 (USD-SOFR + 1.18% on 11/8/2031)1 | | | 20,939 | | | | 17,165 | |
JPMorgan Chase & Co. 2.963% 1/25/2033 (USD-SOFR + 1.26% on 1/25/2032)1 | | | 3,017 | | | | 2,543 | |
6 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Financials (continued) | | | | | | | | |
JPMorgan Chase & Co. 4.586% 4/26/2033 (USD-SOFR + 1.80% on 4/26/2032)1 | | USD | 10,264 | | | $ | 9,789 | |
JPMorgan Chase & Co. 4.912% 7/25/2033 (USD-SOFR + 2.08% on 7/25/2032)1 | | | 25,797 | | | | 25,218 | |
JPMorgan Chase & Co. 5.35% 6/1/2034 (USD-SOFR + 1.845% on 6/1/2033)1 | | | 41,503 | | | | 41,851 | |
JPMorgan Chase & Co. 3.109% 4/22/2051 (USD-SOFR + 3.109% on 4/22/2050)1 | | | 351 | | | | 246 | |
JPMorgan Chase & Co. 3.328% 4/22/2052 (USD-SOFR + 1.58% on 4/22/2051)1 | | | 1,907 | | | | 1,391 | |
Kasikornbank PCL (Hong Kong Branch) 5.458% 3/7/2028 | | | 3,000 | | | | 3,003 | |
Kasikornbank PCL (Hong Kong Branch) 3.343% 10/2/2031 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.70% on 10/2/2026)1 | | | 19,035 | | | | 16,822 | |
KBC Groep NV 5.796% 1/19/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 1/19/2028)1,2 | | | 9,675 | | | | 9,618 | |
Korea Exchange Bank 3.25% 3/30/20272 | | | 8,350 | | | | 7,823 | |
Lloyds Banking Group PLC 3.87% 7/9/2025 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.50% on 7/9/2024)1 | | | 523 | | | | 510 | |
Lloyds Banking Group PLC 2.438% 2/5/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.00% on 2/5/2025)1 | | | 13,875 | | | | 13,071 | |
Lloyds Banking Group PLC 1.627% 5/11/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on 5/11/2026)1 | | | 312 | | | | 276 | |
Lloyds Banking Group PLC 3.75% 3/18/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on 3/18/2027)1 | | | 26,573 | | | | 24,565 | |
Lloyds Banking Group PLC 4.375% 3/22/2028 | | | 6,323 | | | | 6,002 | |
Lloyds Banking Group PLC 5.871% 3/6/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.70% on 3/6/2028)1 | | | 19,000 | | | | 18,862 | |
Lloyds Banking Group PLC 4.976% 8/11/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.30% on 8/11/2032)1 | | | 16,390 | | | | 15,341 | |
LPL Holdings, Inc. 4.625% 11/15/20272 | | | 270 | | | | 253 | |
LPL Holdings, Inc. 4.375% 5/15/20312 | | | 1,800 | | | | 1,557 | |
M&T Bank Corp. 5.00% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 3.174% on 8/1/2024)1 | | | 5,000 | | | | 3,952 | |
Macquarie Bank, Ltd. 5.208% 6/15/20262 | | | 5,000 | | | | 4,959 | |
Marsh & McLennan Companies, Inc. 3.875% 3/15/2024 | | | 17,615 | | | | 17,381 | |
Marsh & McLennan Companies, Inc. 2.25% 11/15/2030 | | | 4,221 | | | | 3,513 | |
Marsh & McLennan Companies, Inc. 2.375% 12/15/2031 | | | 1,192 | | | | 972 | |
Marsh & McLennan Companies, Inc. 4.75% 3/15/2039 | | | 750 | | | | 708 | |
Marsh & McLennan Companies, Inc. 2.90% 12/15/2051 | | | 6,145 | | | | 4,102 | |
Marsh & McLennan Companies, Inc. 5.45% 3/15/2053 | | | 1,325 | | | | 1,350 | |
Mastercard, Inc. 4.875% 3/9/2028 | | | 1,186 | | | | 1,200 | |
Mastercard, Inc. 4.85% 3/9/2033 | | | 26,853 | | | | 27,323 | |
Mastercard, Inc. 2.95% 3/15/2051 | | | 4,308 | | | | 3,148 | |
Met Tower Global Funding 5.40% 6/20/20262 | | | 10,000 | | | | 9,960 | |
MetLife Capital Trust IV, junior subordinated, 7.875% 12/15/2067 (3-month USD-LIBOR + 3.96% on 12/1/2037)1,2 | | | 100 | | | | 105 | |
MetLife, Inc. 3.60% 11/13/2025 | | | 100 | | | | 96 | |
MetLife, Inc. 4.55% 3/23/2030 | | | 2,417 | | | | 2,365 | |
MetLife, Inc. 4.60% 5/13/2046 | | | 800 | | | | 724 | |
Metropolitan Life Global Funding I 3.60% 1/11/20242 | | | 3,000 | | | | 2,967 | |
Metropolitan Life Global Funding I 0.95% 7/2/20252 | | | 5,764 | | | | 5,245 | |
Metropolitan Life Global Funding I 3.45% 12/18/20262 | | | 2,315 | | | | 2,167 | |
Metropolitan Life Global Funding I 4.40% 6/30/20272 | | | 4,574 | | | | 4,447 | |
Metropolitan Life Global Funding I 5.05% 1/6/20282 | | | 11,150 | | | | 11,110 | |
Metropolitan Life Global Funding I 3.05% 6/17/20292 | | | 5,000 | | | | 4,439 | |
Metropolitan Life Global Funding I 4.30% 8/25/20292 | | | 8,134 | | | | 7,719 | |
Metropolitan Life Global Funding I 2.95% 4/9/20302 | | | 980 | | | | 848 | |
Metropolitan Life Global Funding I 1.55% 1/7/20312 | | | 2,284 | | | | 1,779 | |
Metropolitan Life Global Funding I 2.40% 1/11/20322 | | | 3,250 | | | | 2,657 | |
Metropolitan Life Global Funding I 5.15% 3/28/20332 | | | 7,621 | | | | 7,543 | |
Mitsubishi UFJ Financial Group, Inc. 0.962% 10/11/2025 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.45% on 10/11/2024)1 | | | 17,000 | | | | 15,870 | |
Mitsubishi UFJ Financial Group, Inc. 1.538% 7/20/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.75% on 7/20/2026)1 | | | 35,000 | | | | 30,911 | |
Mitsubishi UFJ Financial Group, Inc. 1.64% 10/13/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.67% on 10/13/2026)1 | | | 12,800 | | | | 11,273 | |
Mitsubishi UFJ Financial Group, Inc. 2.341% 1/19/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.83% on 1/19/2027)1 | | | 18,000 | | | | 16,111 | |
Mitsubishi UFJ Financial Group, Inc. 4.08% 4/19/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.30% on 4/19/2027)1 | | | 19,000 | | | | 18,041 | |
Mitsubishi UFJ Financial Group, Inc. 5.422% 2/22/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.38% on 2/22/2028)1 | | | 10,000 | | | | 9,953 | |
The Bond Fund of America | 7 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Financials (continued) | | | | | | | | |
Mitsubishi UFJ Financial Group, Inc. 2.309% 7/20/2032 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.95% on 7/20/2031)1 | | USD | 5,349 | | | $ | 4,262 | |
Mitsubishi UFJ Financial Group, Inc. 5.133% 7/20/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.125% on 7/20/2032)1 | | | 631 | | | | 619 | |
Mizuho Financial Group, Inc. 1.234% 5/22/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.67% on 5/22/2026)1 | | | 10,000 | | | | 8,792 | |
Mizuho Financial Group, Inc. 1.554% 7/9/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.75% on 7/9/2026)1 | | | 26,000 | | | | 22,954 | |
Mizuho Financial Group, Inc. 5.778% 7/6/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.65% on 7/6/2028)1 | | | 12,530 | | | | 12,569 | |
Mizuho Financial Group, Inc. 5.669% 9/13/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.40% on 9/13/2032)1 | | | 16,070 | | | | 16,200 | |
Moody’s Corp. 4.25% 8/8/2032 | | | 4,220 | | | | 4,013 | |
Morgan Stanley (USD-SOFR + 0.455%) 5.09% 1/25/20243 | | | 1,768 | | | | 1,766 | |
Morgan Stanley 2.72% 7/22/2025 (USD-SOFR + 1.152% on 7/22/2024)1 | | | 1,640 | | | | 1,582 | |
Morgan Stanley 1.164% 10/21/2025 (USD-SOFR + 0.56% on 10/21/2024)1 | | | 995 | | | | 930 | |
Morgan Stanley 4.754% 4/21/2026 | | | 25,000 | | | | 24,643 | |
Morgan Stanley 2.188% 4/28/2026 (USD-SOFR + 1.99% on 4/28/2025)1 | | | 1,326 | | | | 1,245 | |
Morgan Stanley 0.985% 12/10/2026 (USD-SOFR + 0.72% on 12/10/2025)1 | | | 1,386 | | | | 1,236 | |
Morgan Stanley 1.593% 5/4/2027 (USD-SOFR + 0.879% on 5/4/2026)1 | | | 9,411 | | | | 8,429 | |
Morgan Stanley 1.512% 7/20/2027 (USD-SOFR + 0.858% on 7/20/2026)1 | | | 70,656 | | | | 62,625 | |
Morgan Stanley 2.475% 1/21/2028 (USD-SOFR + 1.00% on 1/21/2027)1 | | | 2,594 | | | | 2,343 | |
Morgan Stanley 4.21% 4/20/2028 (USD-SOFR + 1.61% on 4/20/2027)1 | | | 19,041 | | | | 18,307 | |
Morgan Stanley 6.296% 10/18/2028 (USD-SOFR + 2.44% on 10/18/2027)1 | | | 25,332 | | | | 26,053 | |
Morgan Stanley 5.123% 2/1/2029 (USD-SOFR + 1.73% on 2/1/2028)1 | | | 61,702 | | | | 60,890 | |
Morgan Stanley 5.164% 4/20/2029 (USD-SOFR + 1.59% on 4/20/2028)1 | | | 49,800 | | | | 49,229 | |
Morgan Stanley 2.699% 1/22/2031 (USD-SOFR + 1.143% on 1/22/2030)1 | | | 2,300 | | | | 1,957 | |
Morgan Stanley 1.794% 2/13/2032 (USD-SOFR + 1.034% on 2/13/2031)1 | | | 35,786 | | | | 27,779 | |
Morgan Stanley 1.928% 4/28/2032 (USD-SOFR + 1.02% on 4/28/2031)1 | | | 5,267 | | | | 4,114 | |
Morgan Stanley 2.239% 7/21/2032 (USD-SOFR + 1.178% on 7/21/2031)1 | | | 44,097 | | | | 35,066 | |
Morgan Stanley 2.511% 10/20/2032 (USD-SOFR + 1.20% on 10/20/2031)1 | | | 13,946 | | | | 11,271 | |
Morgan Stanley 2.943% 1/21/2033 (USD-SOFR + 1.29% on 1/21/2032)1 | | | 16,934 | | | | 14,085 | |
Morgan Stanley 4.889% 7/20/2033 (USD-SOFR + 2.077% on 7/20/2032)1 | | | 12,315 | | | | 11,859 | |
Morgan Stanley 6.342% 10/18/2033 (USD-SOFR + 2.565% on 10/18/2032)1 | | | 16,107 | | | | 17,142 | |
Morgan Stanley 5.25% 4/21/2034 (USD-SOFR + 1.87% on 4/21/2033)1 | | | 45,895 | | | | 45,341 | |
Morgan Stanley 5.297% 4/20/2037 (USD-SOFR + 2.62% on 4/20/2032)1 | | | 20,106 | | | | 19,035 | |
Morgan Stanley 3.217% 4/22/2042 (USD-SOFR + 1.485% on 4/22/2041)1 | | | 5,708 | | | | 4,335 | |
MSCI, Inc. 3.625% 9/1/20302 | | | 16,200 | | | | 13,985 | |
MSCI, Inc. 3.25% 8/15/20332 | | | 15,450 | | | | 12,459 | |
Münchener Rückversicherungs-Gesellschaft AG 5.875% 5/23/2042 (5-year UST Yield Curve Rate T Note Constant Maturity + 3.982% on 5/23/2032)1,2 | | | 6,000 | | | | 6,034 | |
Nasdaq, Inc. 5.35% 6/28/2028 | | | 4,393 | | | | 4,402 | |
Nasdaq, Inc. 5.55% 2/15/2034 | | | 9,368 | | | | 9,409 | |
Nasdaq, Inc. 5.95% 8/15/2053 | | | 625 | | | | 640 | |
Nasdaq, Inc. 6.10% 6/28/2063 | | | 792 | | | | 811 | |
National Australia Bank, Ltd. 4.944% 1/12/2028 | | | 3,474 | | | | 3,475 | |
National Australia Bank, Ltd. 4.90% 6/13/2028 | | | 5,000 | | | | 4,956 | |
Nationwide Building Society 4.363% 8/1/2024 (3-month USD-LIBOR + 1.392% on 8/1/2023)1,2 | | | 33,400 | | | | 33,334 | |
NatWest Group PLC 5.847% 3/2/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.35% on 3/2/2026)1 | | | 25,000 | | | | 24,742 | |
NatWest Group PLC 3.073% 5/22/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.55% on 5/22/2027)1 | | | 7,500 | | | | 6,753 | |
NatWest Group PLC 5.076% 1/27/2030 (3-month USD-LIBOR + 1.905% on 1/27/2029)1 | | | 2,650 | | | | 2,530 | |
NatWest Group PLC 4.445% 5/8/2030 (3-month USD-LIBOR + 1.871% on 5/5/2029)1 | | | 11,600 | | | | 10,673 | |
NatWest Group PLC 6.016% 3/2/2034 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 3/2/2033)1 | | | 8,000 | | | | 8,048 | |
Navient Corp. 5.875% 10/25/2024 | | | 1,000 | | | | 984 | |
Navient Corp. 6.75% 6/25/2025 | | | 5,000 | | | | 4,920 | |
Navient Corp. 5.00% 3/15/2027 | | | 6,250 | | | | 5,597 | |
Navient Corp. 5.625% 8/1/2033 | | | 3,000 | | | | 2,259 | |
New York Life Global Funding 0.95% 6/24/20252 | | | 1,403 | | | | 1,282 | |
New York Life Global Funding 0.85% 1/15/20262 | | | 32,280 | | | | 28,869 | |
New York Life Global Funding 3.25% 4/7/20272 | | | 17,000 | | | | 16,005 | |
New York Life Global Funding 4.90% 6/13/20282 | | | 7,500 | | | | 7,435 | |
New York Life Global Funding 1.20% 8/7/20302 | | | 15,487 | | | | 12,008 | |
New York Life Global Funding 1.85% 8/1/20312 | | | 2,250 | | | | 1,779 | |
8 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Financials (continued) | | | | | | | | |
New York Life Global Funding 4.55% 1/28/20332 | | USD | 8,366 | | | $ | 8,066 | |
NongHyup Bank 4.875% 7/3/20282 | | | 16,213 | | | | 16,008 | |
Nordea Bank ABP 3.60% 6/6/20252 | | | 7,360 | | | | 7,054 | |
Northwestern Mutual Global Funding 0.80% 1/14/20262 | | | 16,382 | | | | 14,609 | |
OneMain Finance Corp. 6.125% 3/15/2024 | | | 500 | | | | 499 | |
OneMain Finance Corp. 7.125% 3/15/2026 | | | 9,300 | | | | 9,146 | |
Oversea-Chinese Banking Corp., Ltd. (3-month AUD-BBSW + 0.70%) 4.354% 4/14/20253 | | AUD | 29,750 | | | | 19,832 | |
Oversea-Chinese Banking Corp., Ltd. 1.832% 9/10/2030 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.58% on 9/10/2025)1 | | USD | 2,250 | | | | 2,052 | |
PayPal Holdings, Inc. 3.90% 6/1/2027 | | | 5,603 | | | | 5,422 | |
PayPal Holdings, Inc. 4.40% 6/1/2032 | | | 15,247 | | | | 14,697 | |
PayPal Holdings, Inc. 3.25% 6/1/2050 | | | 1,114 | | | | 809 | |
PayPal Holdings, Inc. 5.05% 6/1/2052 | | | 32,292 | | | | 31,643 | |
PayPal Holdings, Inc. 5.25% 6/1/2062 | | | 321 | | | | 312 | |
PNC Financial Services Group, Inc. 5.354% 12/2/2028 (USD-SOFR + 1.62% on 12/2/2027)1 | | | 10,000 | | | | 9,897 | |
PNC Financial Services Group, Inc. 5.582% 6/12/2029 (USD-SOFR + 1.841% on 6/12/2028)1 | | | 43,252 | | | | 43,080 | |
PNC Financial Services Group, Inc. 6.037% 10/28/2033 (USD-SOFR + 2.14% on 10/28/2032)1 | | | 9,176 | | | | 9,395 | |
PNC Financial Services Group, Inc. 5.068% 1/24/2034 (USD-SOFR + 1.933% on 1/24/2033)1 | | | 11,898 | | | | 11,414 | |
PNC Financial Services Group, Inc. 3.40% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 2.595% on 9/15/2026)1 | | | 4,562 | | | | 3,376 | |
Power Finance Corp., Ltd. 4.50% 6/18/2029 | | | 5,000 | | | | 4,644 | |
Power Finance Corp., Ltd. 3.90% 9/16/2029 | | | 2,000 | | | | 1,784 | |
Power Finance Corp., Ltd. 3.95% 4/23/2030 | | | 32,000 | | | | 28,488 | |
Power Finance Corp., Ltd. 3.35% 5/16/2031 | | | 8,670 | | | | 7,276 | |
PRICOA Global Funding I 3.45% 9/1/20232 | | | 11,825 | | | | 11,775 | |
Prudential Financial, Inc. 3.905% 12/7/2047 | | | 850 | | | | 679 | |
Prudential Financial, Inc. 4.418% 3/27/2048 | | | 1,000 | | | | 849 | |
Prudential Financial, Inc. 4.35% 2/25/2050 | | | 1,155 | | | | 981 | |
Prudential Financial, Inc. 3.70% 3/13/2051 | | | 10,665 | | | | 8,185 | |
QBE Insurance Group, Ltd. (3-month AUD-BBSW + 2.75%) 6.68% 8/25/20363 | | AUD | 12,200 | | | | 8,083 | |
QBE Insurance Group, Ltd. 2.50% 9/13/2038 (5-year GBP-GILT + 2.061% on 9/13/2028)1 | | GBP | 3,840 | | | | 3,733 | |
Rede D’Or Finance SARL 4.50% 1/22/20302 | | USD | 3,800 | | | | 3,242 | |
Royal Bank of Canada 0.75% 10/7/2024 | | | 1,347 | | | | 1,265 | |
Royal Bank of Canada 4.95% 4/25/2025 | | | 5,000 | | | | 4,936 | |
Royal Bank of Canada 3.625% 5/4/2027 | | | 748 | | | | 708 | |
Royal Bank of Canada 6.00% 11/1/2027 | | | 1,098 | | | | 1,125 | |
Royal Bank of Canada 4.90% 1/12/2028 | | | 1,650 | | | | 1,629 | |
Royal Bank of Canada 5.00% 2/1/2033 | | | 58,704 | | | | 57,574 | |
Santander Holdings USA, Inc. 3.50% 6/7/2024 | | | 13,325 | | | | 12,944 | |
Santander Holdings USA, Inc. 2.49% 1/6/2028 (USD-SOFR + 1.249% on 1/6/2027)1 | | | 10,775 | | | | 9,316 | |
Santander Holdings USA, Inc. 6.499% 3/9/2029 (USD-SOFR + 2.356% on 3/9/2028)1 | | | 28,100 | | | | 27,816 | |
Standard Chartered PLC 6.296% 7/6/2034 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.58% on 7/6/2033)1,2 | | | 8,908 | | | | 8,927 | |
Starwood Property Trust, Inc. 5.50% 11/1/20232 | | | 2,295 | | | | 2,278 | |
State Street Corp. 5.82% 11/4/2028 (USD-SOFR + 1.715% on 11/4/2027)1 | | | 430 | | | | 441 | |
State Street Corp. 4.164% 8/4/2033 (USD-SOFR + 1.726% on 8/4/2032)1 | | | 10,825 | | | | 10,031 | |
State Street Corp. 4.821% 1/26/2034 (USD-SOFR + 1.567% on 1/26/2033)1 | | | 18,331 | | | | 17,807 | |
State Street Corp. 5.159% 5/18/2034 (USD-SOFR + 1.89% on 5/18/2033)1 | | | 56,354 | | | | 56,042 | |
Sumitomo Mitsui Financial Group, Inc. 2.174% 1/14/2027 | | | 6,775 | | | | 6,061 | |
Sumitomo Mitsui Financial Group, Inc. 5.766% 1/13/2033 | | | 427 | | | | 440 | |
Suncorp Group, Ltd. (3-month AUD-BBSW + 2.15%) 6.223% 12/5/20283 | | AUD | 1,000 | | | | 667 | |
Suncorp Group, Ltd. (3-month AUD-BBSW + 2.30%) 6.315% 6/1/20373 | | | 7,500 | | | | 4,991 | |
Suncorp Group, Ltd. (3-month AUD-BBSW + 2.65%) 6.665% 12/1/20383 | | | 50 | | | | 34 | |
Suncorp-Metway, Ltd. (3-month AUD-BBSW + 0.78%) 4.458% 7/30/20243 | | | 24,500 | | | | 16,334 | |
SVB Financial Group 4.70% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 3.064% on 11/15/2031)1,4 | | USD | 11,614 | | | | 824 | |
Svenska Handelsbanken AB 5.50% 6/15/20282 | | | 5,000 | | | | 4,904 | |
Synchrony Bank 5.40% 8/22/2025 | | | 17,000 | | | | 16,278 | |
Synchrony Bank 5.625% 8/23/2027 | | | 17,000 | | | | 15,967 | |
Synchrony Financial 4.375% 3/19/2024 | | | 5,825 | | | | 5,713 | |
The Bond Fund of America | 9 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Financials (continued) | | | | | | | | |
Synchrony Financial 2.875% 10/28/2031 | | USD | 6,500 | | | $ | 4,732 | |
The Allstate Corp. 0.75% 12/15/2025 | | | 2,089 | | | | 1,872 | |
The Allstate Corp. 5.25% 3/30/2033 | | | 12,453 | | | | 12,426 | |
The Allstate Corp. 3.85% 8/10/2049 | | | 6,100 | | | | 4,747 | |
The Bank of Nova Scotia 5.25% 6/12/2028 | | | 10,000 | | | | 9,935 | |
The Hongkong Land Finance (Cayman Islands) Co., Ltd. 4.625% 1/16/2024 | | | 4,000 | | | | 3,974 | |
The Northwestern Mutual Life Insurance Co. 4.90% 6/12/20282 | | | 15,250 | | | | 15,144 | |
Toronto-Dominion Bank 0.75% 9/11/2025 | | | 23,900 | | | | 21,642 | |
Toronto-Dominion Bank 5.156% 1/10/2028 | | | 107,923 | | | | 107,232 | |
Toronto-Dominion Bank 4.456% 6/8/2032 | | | 5,061 | | | | 4,806 | |
Travelers Companies, Inc. 4.00% 5/30/2047 | | | 2,250 | | | | 1,902 | |
Travelers Companies, Inc. 4.10% 3/4/2049 | | | 1,500 | | | | 1,282 | |
Travelers Companies, Inc. 2.55% 4/27/2050 | | | 1,601 | | | | 1,029 | |
Travelers Companies, Inc. 5.45% 5/25/2053 | | | 1,914 | | | | 2,005 | |
Truist Financial Corp. 6.047% 6/8/2027 (USD-SOFR + 2.05% on 6/8/2026)1 | | | 10,000 | | | | 10,009 | |
Truist Financial Corp. 4.873% 1/26/2029 (USD-SOFR + 1.435% on 1/26/2028)1 | | | 18,000 | | | | 17,313 | |
Truist Financial Corp. 5.122% 1/26/2034 (USD-SOFR + 1.60% on 1/26/2033)1 | | | 18,975 | | | | 17,988 | |
Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033)1 | | | 8,929 | | | | 8,937 | |
U.S. Bancorp 2.40% 7/30/2024 | | | 19,000 | | | | 18,332 | |
U.S. Bancorp 3.10% 4/27/2026 | | | 7,000 | | | | 6,545 | |
U.S. Bancorp 4.548% 7/22/2028 (USD-SOFR + 1.66% on 7/27/2027)1 | | | 16,000 | | | | 15,313 | |
U.S. Bancorp 4.653% 2/1/2029 (USD-SOFR + 1.23% on 2/1/2028)1 | | | 7,500 | | | | 7,171 | |
U.S. Bancorp 5.775% 6/12/2029 (USD-SOFR + 2.02% on 6/12/2028)1 | | | 7,500 | | | | 7,503 | |
U.S. Bancorp 2.677% 1/27/2033 (USD-SOFR + 1.02% on 1/27/2032)1 | | | 2,675 | | | | 2,142 | |
U.S. Bancorp 4.839% 2/1/2034 (USD-SOFR + 1.60% on 2/1/2033)1 | | | 49,596 | | | | 46,350 | |
U.S. Bancorp 5.836% 6/12/2034 (USD-SOFR + 2.26% on 6/10/2033)1 | | | 29,852 | | | | 30,082 | |
U.S. Bancorp 3.70% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 2.541% on 1/15/2027)1 | | | 4,711 | | | | 3,507 | |
U.S. Bank National Association 3.40% 7/24/2023 | | | 13,125 | | | | 13,108 | |
UBS Group AG 4.49% 8/5/2025 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.60% on 8/5/2024)1,2 | | | 2,360 | | | | 2,308 | |
UBS Group AG 2.593% 9/11/2025 (USD-SOFR + 1.56% on 9/11/2024)1,2 | | | 3,418 | | | | 3,259 | |
UBS Group AG 2.193% 6/5/2026 (USD-SOFR + 2.044% on 6/5/2025)1,2 | | | 26,727 | | | | 24,522 | |
UBS Group AG 5.711% 1/12/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.55% on 1/12/2026)1,2 | | | 20,000 | | | | 19,811 | |
UBS Group AG 1.364% 1/30/2027 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.08% on 1/30/2026)1,2 | | | 5,300 | | | | 4,647 | |
UBS Group AG 1.305% 2/2/2027 (USD-SOFR + 0.98% on 2/2/2026)1,2 | | | 38,389 | | | | 33,635 | |
UBS Group AG 4.703% 8/5/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.05% on 8/5/2026)1,2 | | | 50,000 | | | | 47,809 | |
UBS Group AG 1.494% 8/10/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on 8/10/2026)1,2 | | | 22,475 | | | | 19,318 | |
UBS Group AG 4.751% 5/12/2028 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 5/12/2027)1,2 | | | 8,300 | | | | 7,872 | |
UBS Group AG 6.442% 8/11/2028 (USD-SOFR + 3.70% on 8/11/2027)1,2 | | | 10,000 | | | | 10,045 | |
UBS Group AG 3.869% 1/12/2029 (3-month USD-LIBOR + 1.41% on 1/12/2028)1,2 | | | 12,135 | | | | 10,981 | |
UBS Group AG 3.126% 8/13/2030 (3-month USD-LIBOR + 1.468% on 8/13/2029)1,2 | | | 11,000 | | | | 9,279 | |
UBS Group AG 4.194% 4/1/2031 (USD-SOFR + 3.73% on 4/1/2030)1,2 | | | 75,875 | | | | 67,573 | |
UBS Group AG 2.095% 2/11/2032 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.00% on 2/11/2031)1,2 | | | 11,785 | | | | 8,934 | |
UBS Group AG 3.091% 5/14/2032 (USD-SOFR + 1.73% on 5/14/2031)1,2 | | | 69,306 | | | | 56,092 | |
UBS Group AG 2.746% 2/11/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.10% on 2/11/2032)1,2 | | | 20,567 | | | | 16,032 | |
UBS Group AG 6.537% 8/12/2033 (USD-SOFR + 3.92% on 8/12/2032)1,2 | | | 6,855 | | | | 7,026 | |
UBS Group AG 9.016% 11/15/2033 (USD-SOFR + 5.02% on 11/15/2032)1,2 | | | 46,875 | | | | 56,221 | |
UBS Group AG 5.959% 1/12/2034 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.20% on 1/12/2033)1,2 | | | 2,451 | | | | 2,440 | |
UniCredit SpA 4.625% 4/12/20272 | | | 17,010 | | | | 16,171 | |
UniCredit SpA 5.861% 6/19/2032 (5-year USD-ICE Swap + 3.703% on 6/19/2027)1,2 | | | 29,477 | | | | 26,818 | |
United Overseas Bank, Ltd. 2.00% 10/14/2031 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.23% on 10/14/2026)1,2 | | | 8,430 | | | | 7,410 | |
Vigorous Champion International, Ltd. 4.25% 5/28/2029 | | | 1,708 | | | | 1,519 | |
Vnesheconombank Via VEB Finance PLC 6.80% 11/22/20252,4,5 | | | 500 | | | | — | 6 |
Wells Fargo & Company 2.406% 10/30/2025 (3-month USD CME Term SOFR + 1.087% on 10/30/2024)1 | | | 36,060 | | | | 34,353 | |
Wells Fargo & Company 3.00% 4/22/2026 | | | 3,053 | | | | 2,872 | |
Wells Fargo & Company 3.908% 4/25/2026 (USD-SOFR + 1.32% on 4/25/2025)1 | | | 9,960 | | | | 9,634 | |
10 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Financials (continued) | | | | | | | | |
Wells Fargo & Company 3.00% 10/23/2026 | | USD | 28,791 | | | $ | 26,745 | |
Wells Fargo & Company 3.196% 6/17/2027 (3-month USD CME Term SOFR + 1.432% on 6/17/2026)1 | | | 23,774 | | | | 22,338 | |
Wells Fargo & Company 3.526% 3/24/2028 (USD-SOFR + 1.51% on 3/24/2027)1 | | | 59,108 | | | | 55,229 | |
Wells Fargo & Company 2.393% 6/2/2028 (USD-SOFR + 2.10% on 6/2/2027)1 | | | 8,416 | | | | 7,506 | |
Wells Fargo & Company 4.808% 7/25/2028 (USD-SOFR + 1.98% on 7/25/2027)1 | | | 85,603 | | | | 83,745 | |
Wells Fargo & Company 2.879% 10/30/2030 (3-month USD CME Term SOFR + 1.432% on 10/30/2029)1 | | | 800 | | | | 692 | |
Wells Fargo & Company 3.35% 3/2/2033 (USD-SOFR + 1.50% on 3/2/2032)1 | | | 10,885 | | | | 9,320 | |
Wells Fargo & Company 4.897% 7/25/2033 (USD-SOFR + 4.897% on 7/25/2032)1 | | | 22,619 | | | | 21,709 | |
Wells Fargo & Company 5.389% 4/24/2034 (USD-SOFR + 2.02% on 4/24/2033)1 | | | 110,746 | | | | 110,090 | |
Wells Fargo & Company 4.611% 4/25/2053 (USD-SOFR + 2.13% on 4/25/2052)1 | | | 69,324 | | | | 60,855 | |
Westpac Banking Corp. 2.894% 2/4/2030 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.35% on 2/4/2025)1 | | | 10,000 | | | | 9,348 | |
Westpac Banking Corp. 4.11% 7/24/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.00% on 7/24/2029)1 | | | 11,339 | | | | 9,871 | |
Westpac Banking Corp. 2.668% 11/15/2035 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 11/15/2030)1 | | | 20,125 | | | | 15,460 | |
Willis North America, Inc. 4.65% 6/15/2027 | | | 5,685 | | | | 5,527 | |
Willis North America, Inc. 5.35% 5/15/2033 | | | 7,500 | | | | 7,319 | |
Willis North America, Inc. 3.875% 9/15/2049 | | | 4,700 | | | | 3,431 | |
Xiaomi Best Time International, Ltd. 3.375% 4/29/2030 | | | 2,865 | | | | 2,330 | |
Xiaomi Best Time International, Ltd. 2.875% 7/14/2031 | | | 2,000 | | | | 1,513 | |
Xiaomi Best Time International, Ltd. 4.10% 7/14/2051 | | | 3,000 | | | | 1,778 | |
| | | | | | | 7,653,909 | |
| | | | | | | | |
Utilities 4.27% | | | | | | | | |
Adani Transmission Step-One, Ltd. 4.00% 8/3/2026 | | | 2,000 | | | | 1,750 | |
AEP Texas, Inc. 3.45% 5/15/2051 | | | 5,551 | | | | 3,958 | |
AEP Transmission Co., LLC 3.10% 12/1/2026 | | | 12,269 | | | | 11,510 | |
AEP Transmission Co., LLC 3.65% 4/1/2050 | | | 110 | | | | 86 | |
AEP Transmission Co., LLC 2.75% 8/15/2051 | | | 2,181 | | | | 1,410 | |
AES Panama Generation Holdings SRL 4.375% 5/31/20302 | | | 8,488 | | | | 7,256 | |
Alabama Power Co. 3.00% 3/15/2052 | | | 31,200 | | | | 21,108 | |
Alfa Desarrollo SpA 4.55% 9/27/20512 | | | 5,702 | | | | 4,189 | |
Ameren Corp. 2.50% 9/15/2024 | | | 1,616 | | | | 1,549 | |
American Electric Power Company, Inc. 1.00% 11/1/2025 | | | 3,075 | | | | 2,778 | |
American Electric Power Company, Inc. 4.30% 12/1/2028 | | | 31,133 | | | | 29,718 | |
American Electric Power Company, Inc. 3.25% 3/1/2050 | | | 22,050 | | | | 15,104 | |
American Transmission Systems, Inc. 2.65% 1/15/20322 | | | 1,695 | | | | 1,404 | |
Atlantic City Electric Co. 2.30% 3/15/2031 | | | 2,175 | | | | 1,800 | |
Baltimore Gas and Electric Co. 4.55% 6/1/2052 | | | 3,150 | | | | 2,807 | |
Berkshire Hathaway Energy Company 4.50% 2/1/2045 | | | 200 | | | | 171 | |
Berkshire Hathaway Energy Company 4.60% 5/1/2053 | | | 12,684 | | | | 10,883 | |
Calpine Corp. 5.25% 6/1/20262 | | | 3,398 | | | | 3,284 | |
Calpine Corp. 4.50% 2/15/20282 | | | 4,000 | | | | 3,625 | |
CenterPoint Energy Houston Electric, LLC 4.95% 4/1/2033 | | | 5,750 | | | | 5,743 | |
CenterPoint Energy Houston Electric, LLC 2.90% 7/1/2050 | | | 5,867 | | | | 4,007 | |
CenterPoint Energy Houston Electric, LLC 3.60% 3/1/2052 | | | 5,392 | | | | 4,197 | |
CenterPoint Energy, Inc. 2.65% 6/1/2031 | | | 15,737 | | | | 13,139 | |
CenterPoint Energy, Inc. 3.70% 9/1/2049 | | | 2,775 | | | | 2,093 | |
CMS Energy Corp. 3.00% 5/15/2026 | | | 6,667 | | | | 6,246 | |
CMS Energy Corp. 3.45% 8/15/2027 | | | 1,460 | | | | 1,366 | |
Colbún SA 3.95% 10/11/20272 | | | 7,000 | | | | 6,636 | |
Comision Federal de Electricidad 4.688% 5/15/20292 | | | 30,765 | | | | 27,723 | |
Consumers Energy Co. 3.60% 8/15/2032 | | | 41,137 | | | | 37,131 | |
Consumers Energy Co. 4.625% 5/15/2033 | | | 35,460 | | | | 34,528 | |
Consumers Energy Co. 3.25% 8/15/2046 | | | 7,385 | | | | 5,460 | |
Consumers Energy Co. 3.75% 2/15/2050 | | | 7,594 | | | | 6,061 | |
Consumers Energy Co. 3.10% 8/15/2050 | | | 10,243 | | | | 7,252 | |
Consumers Energy Co. 2.65% 8/15/2052 | | | 11,863 | | | | 7,619 | |
Dominion Energy, Inc. 3.30% 3/15/2025 | | | 2,113 | | | | 2,025 | |
Dominion Energy, Inc. 3.375% 4/1/2030 | | | 20,716 | | | | 18,550 | |
Dominion Energy, Inc., junior subordinated, 3.071% 8/15/2024 | | | 4,825 | | | | 4,662 | |
DPL, Inc. 4.125% 7/1/2025 | | | 1,040 | | | | 992 | |
DTE Electric Co. 2.625% 3/1/2031 | | | 4,242 | | | | 3,629 | |
DTE Electric Co. 5.20% 4/1/2033 | | | 1,500 | | | | 1,525 | |
The Bond Fund of America | 11 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Utilities (continued) | | | | | | | | |
DTE Electric Co. 3.70% 3/15/2045 | | USD | 657 | | | $ | 524 | |
DTE Electric Co. 3.65% 3/1/2052 | | | 2,146 | | | | 1,675 | |
DTE Energy Company 2.85% 10/1/2026 | | | 6,100 | | | | 5,616 | |
DTE Energy Company 1.90% 4/1/2028 | | | 1,505 | | | | 1,318 | |
DTE Energy Company 2.25% 3/1/2030 | | | 19,855 | | | | 16,974 | |
DTE Energy Company 3.00% 3/1/2032 | | | 31,550 | | | | 27,196 | |
DTE Energy Company 2.95% 3/1/2050 | | | 1,994 | | | | 1,359 | |
Duke Energy Carolinas, LLC 2.45% 8/15/2029 | | | 32,831 | | | | 28,361 | |
Duke Energy Carolinas, LLC 2.55% 4/15/2031 | | | 3,362 | | | | 2,855 | |
Duke Energy Carolinas, LLC 4.95% 1/15/2033 | | | 5,373 | | | | 5,336 | |
Duke Energy Carolinas, LLC 3.20% 8/15/2049 | | | 77 | | | | 55 | |
Duke Energy Carolinas, LLC 5.35% 1/15/2053 | | | 3,528 | | | | 3,579 | |
Duke Energy Corp. 4.50% 8/15/2032 | | | 49,225 | | | | 46,426 | |
Duke Energy Corp. 3.50% 6/15/2051 | | | 599 | | | | 435 | |
Duke Energy Corp. 5.00% 8/15/2052 | | | 2,563 | | | | 2,345 | |
Duke Energy Florida, LLC 2.50% 12/1/2029 | | | 7,463 | | | | 6,451 | |
Duke Energy Florida, LLC 1.75% 6/15/2030 | | | 9,021 | | | | 7,349 | |
Duke Energy Florida, LLC 3.00% 12/15/2051 | | | 8,684 | | | | 5,964 | |
Duke Energy Florida, LLC 5.95% 11/15/2052 | | | 2,500 | | | | 2,729 | |
Duke Energy Ohio, Inc. 2.125% 6/1/2030 | | | 5,250 | | | | 4,361 | |
Duke Energy Progress, LLC 2.00% 8/15/2031 | | | 769 | | | | 619 | |
Duke Energy Progress, LLC 2.50% 8/15/2050 | | | 4,854 | | | | 3,020 | |
Duke Energy Progress, LLC 2.90% 8/15/2051 | | | 3,675 | | | | 2,459 | |
Edison International 3.55% 11/15/2024 | | | 19,450 | | | | 18,807 | |
Edison International 4.95% 4/15/2025 | | | 6,354 | | | | 6,223 | |
Edison International 5.75% 6/15/2027 | | | 13,258 | | | | 13,267 | |
Edison International 4.125% 3/15/2028 | | | 56,140 | | | | 52,436 | |
Edison International 5.25% 11/15/2028 | | | 31,550 | | | | 30,726 | |
Edison International 6.95% 11/15/2029 | | | 28,598 | | | | 30,110 | |
Electricité de France SA 5.70% 5/23/20282 | | | 4,900 | | | | 4,896 | |
Electricité de France SA 6.25% 5/23/20332 | | | 9,350 | | | | 9,511 | |
Electricité de France SA 4.75% 10/13/20352 | | | 6,643 | | | | 5,852 | |
Electricité de France SA 6.90% 5/23/20532 | | | 17,350 | | | | 17,997 | |
Electricité de France SA 9.125% 12/31/2079 (5-year UST Yield Curve Rate T Note Constant Maturity + 5.411% on 6/15/2033)1,2 | | | 7,450 | | | | 7,658 | |
Electricité de France SA 2.625% junior subordinated perpetual bonds (5-year EUR Mid-Swap + 2.86% on 6/1/2028)1 | | EUR | 15,000 | | | | 13,248 | |
Emera US Finance, LP 0.833% 6/15/2024 | | USD | 3,750 | | | | 3,548 | |
Emera US Finance, LP 2.639% 6/15/2031 | | | 27,050 | | | | 21,613 | |
Emera, Inc. 6.75% 6/15/2076 (3-month USD-LIBOR + 5.44% on 6/15/2026)1 | | | 2,350 | | | | 2,281 | |
Empresas Publicas de Medellin ESP 4.375% 2/15/20312 | | | 3,000 | | | | 2,251 | |
Enel Finance America, LLC 7.10% 10/14/20272 | | | 30,000 | | | | 31,545 | |
Engie Energia Chile SA 3.40% 1/28/20302 | | | 7,054 | | | | 5,883 | |
ENN Clean Energy International Investment, Ltd. 3.375% 5/12/20262 | | | 8,250 | | | | 7,644 | |
ENN Energy Holdings, Ltd. 2.625% 9/17/20302 | | | 14,093 | | | | 11,796 | |
Entergy Corp. 1.90% 6/15/2028 | | | 34,227 | | | | 29,199 | |
Entergy Corp. 2.40% 6/15/2031 | | | 24,551 | | | | 19,901 | |
Entergy Louisiana, LLC 3.12% 9/1/2027 | | | 4,780 | | | | 4,415 | |
Entergy Louisiana, LLC 1.60% 12/15/2030 | | | 1,700 | | | | 1,330 | |
Entergy Louisiana, LLC 2.35% 6/15/2032 | | | 4,469 | | | | 3,589 | |
Entergy Louisiana, LLC 2.90% 3/15/2051 | | | 18,061 | | | | 11,939 | |
Entergy Louisiana, LLC 4.75% 9/15/2052 | | | 6,431 | | | | 5,911 | |
Entergy Texas, Inc. 1.75% 3/15/2031 | | | 3,450 | | | | 2,727 | |
Exelon Corp. 4.10% 3/15/2052 | | | 1,725 | | | | 1,394 | |
FirstEnergy Corp. 2.05% 3/1/2025 | | | 25,920 | | | | 24,280 | |
FirstEnergy Corp. 1.60% 1/15/2026 | | | 54,542 | | | | 49,507 | |
FirstEnergy Corp. 2.65% 3/1/2030 | | | 43,552 | | | | 36,770 | |
FirstEnergy Corp. 2.25% 9/1/2030 | | | 117,043 | | | | 95,089 | |
FirstEnergy Corp. 3.40% 3/1/2050 | | | 18,830 | | | | 13,001 | |
FirstEnergy Corp., Series B, 4.15% 7/15/2027 | | | 91,819 | | | | 87,295 | |
FirstEnergy Transmission, LLC 4.35% 1/15/20252 | | | 1,260 | | | | 1,229 | |
FirstEnergy Transmission, LLC 2.866% 9/15/20282 | | | 74,825 | | | | 65,926 | |
Florida Power & Light Company 5.05% 4/1/2028 | | | 10,600 | | | | 10,689 | |
Florida Power & Light Company 4.40% 5/15/2028 | | | 12,000 | | | | 11,782 | |
Florida Power & Light Company 2.45% 2/3/2032 | | | 20,210 | | | | 17,018 | |
Florida Power & Light Company 5.10% 4/1/2033 | | | 18,200 | | | | 18,476 | |
Florida Power & Light Company 4.80% 5/15/2033 | | | 7,868 | | | | 7,816 | |
12 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Utilities (continued) | | | | | | | | |
Florida Power & Light Company 2.875% 12/4/2051 | | USD | 21,385 | | | $ | 14,810 | |
Florida Power & Light Company 5.30% 4/1/2053 | | | 5 | | | | 5 | |
Georgia Power Co. 4.65% 5/16/2028 | | | 10,800 | | | | 10,590 | |
Georgia Power Co. 4.95% 5/17/2033 | | | 31,800 | | | | 31,406 | |
Georgia Power Co. 3.70% 1/30/2050 | | | 625 | | | | 479 | |
Gulf Power Co. 3.30% 5/30/2027 | | | 10,000 | | | | 9,428 | |
Jersey Central Power & Light Co. 4.30% 1/15/20262 | | | 4,480 | | | | 4,336 | |
Jersey Central Power & Light Co. 2.75% 3/1/20322 | | | 7,574 | | | | 6,255 | |
Korea East-West Power Co., Ltd. 1.75% 5/6/2025 | | | 1,500 | | | | 1,399 | |
Korea East-West Power Co., Ltd. 3.60% 5/6/2025 | | | 1,500 | | | | 1,444 | |
Metropolitan Edison Co. 4.30% 1/15/20292 | | | 5,000 | | | | 4,733 | |
MidAmerican Energy Co. 3.10% 5/1/2027 | | | 2,273 | | | | 2,126 | |
MidAmerican Energy Co. 3.65% 4/15/2029 | | | 2,300 | | | | 2,138 | |
MidAmerican Energy Co. 3.65% 8/1/2048 | | | 1,449 | | | | 1,118 | |
Mid-Atlantic Interstate Transmission, LLC 4.10% 5/15/20282 | | | 6,025 | | | | 5,702 | |
Minejesa Capital BV 4.625% 8/10/2030 | | | 5,135 | | | | 4,623 | |
Minejesa Capital BV 5.625% 8/10/2037 | | | 12,000 | | | | 9,434 | |
Mississippi Power Co. 4.25% 3/15/2042 | | | 14,426 | | | | 12,033 | |
Monongahela Power Co. 3.55% 5/15/20272 | | | 4,800 | | | | 4,504 | |
NextEra Energy Capital Holdings, Inc. 6.051% 3/1/2025 | | | 4,050 | | | | 4,067 | |
NextEra Energy Capital Holdings, Inc. 1.875% 1/15/2027 | | | 13,042 | | | | 11,634 | |
NextEra Energy Capital Holdings, Inc. 4.625% 7/15/2027 | | | 428 | | | | 419 | |
NextEra Energy Operating Partners, LP 4.25% 7/15/20242 | | | 4,715 | | �� | | 4,616 | |
NextEra Energy Operating Partners, LP 3.875% 10/15/20262 | | | 3,535 | | | | 3,288 | |
NiSource, Inc. 5.40% 6/30/2033 | | | 21,605 | | | | 21,641 | |
NiSource, Inc. 5.00% 6/15/2052 | | | 24 | | | | 22 | |
Northern States Power Co. 2.25% 4/1/2031 | | | 4,287 | | | | 3,585 | |
Northern States Power Co. 2.90% 3/1/2050 | | | 124 | | | | 86 | |
Northern States Power Co. 2.60% 6/1/2051 | | | 16,415 | | | | 10,545 | |
Northern States Power Co. 3.20% 4/1/2052 | | | 526 | | | | 378 | |
Northern States Power Co. 4.50% 6/1/2052 | | | 187 | | | | 169 | |
Northern States Power Co. 5.10% 5/15/2053 | | | 15,248 | | | | 15,029 | |
NRG Energy, Inc. 3.625% 2/15/20312 | | | 5,000 | | | | 3,908 | |
NRG Energy, Inc. 3.875% 2/15/20322 | | | 3,000 | | | | 2,315 | |
NTPC, Ltd. 3.75% 4/3/2024 | | | 3,000 | | | | 2,950 | |
NTPC, Ltd. 4.375% 11/26/2024 | | | 3,000 | | | | 2,930 | |
Oncor Electric Delivery Company, LLC 0.55% 10/1/2025 | | | 8,100 | | | | 7,326 | |
Oncor Electric Delivery Company, LLC 4.55% 9/15/2032 | | | 1,239 | | | | 1,203 | |
Oncor Electric Delivery Company, LLC 2.70% 11/15/2051 | | | 7,613 | | | | 4,943 | |
Pacific Gas and Electric Co. 3.85% 11/15/2023 | | | 3,800 | | | | 3,767 | |
Pacific Gas and Electric Co. 3.50% 6/15/2025 | | | 4,379 | | | | 4,148 | |
Pacific Gas and Electric Co. 3.15% 1/1/2026 | | | 135,185 | | | | 125,509 | |
Pacific Gas and Electric Co. 2.95% 3/1/2026 | | | 53,431 | | | | 48,972 | |
Pacific Gas and Electric Co. 3.30% 3/15/2027 | | | 27,575 | | | | 25,051 | |
Pacific Gas and Electric Co. 2.10% 8/1/2027 | | | 61,726 | | | | 52,773 | |
Pacific Gas and Electric Co. 3.30% 12/1/2027 | | | 51,590 | | | | 45,273 | |
Pacific Gas and Electric Co. 3.00% 6/15/2028 | | | 29,170 | | | | 25,171 | |
Pacific Gas and Electric Co. 3.75% 7/1/2028 | | | 33,012 | | | | 29,610 | |
Pacific Gas and Electric Co. 4.65% 8/1/2028 | | | 48,518 | | | | 44,905 | |
Pacific Gas and Electric Co. 6.10% 1/15/2029 | | | 27,440 | | | | 27,019 | |
Pacific Gas and Electric Co. 4.55% 7/1/2030 | | | 184,290 | | | | 166,925 | |
Pacific Gas and Electric Co. 2.50% 2/1/2031 | | | 168,055 | | | | 131,700 | |
Pacific Gas and Electric Co. 3.25% 6/1/2031 | | | 27,262 | | | | 22,192 | |
Pacific Gas and Electric Co. 6.15% 1/15/2033 | | | 8,690 | | | | 8,504 | |
Pacific Gas and Electric Co. 6.40% 6/15/2033 | | | 46,156 | | | | 45,936 | |
Pacific Gas and Electric Co. 3.30% 8/1/2040 | | | 33,295 | | | | 22,476 | |
Pacific Gas and Electric Co. 3.75% 8/15/2042 | | | 29,730 | | | | 20,602 | |
Pacific Gas and Electric Co. 3.50% 8/1/2050 | | | 56,961 | | | | 36,311 | |
Pacific Gas and Electric Co. 6.75% 1/15/2053 | | | 6,114 | | | | 6,041 | |
PECO Energy Co. 2.80% 6/15/2050 | | | 10,000 | | | | 6,634 | |
PG&E Corp. 5.00% 7/1/2028 | | | 9,485 | | | | 8,712 | |
PG&E Corp. 5.25% 7/1/2030 | | | 7,450 | | | | 6,684 | |
Progress Energy, Inc. 7.00% 10/30/2031 | | | 8,568 | | | | 9,397 | |
Public Service Company of Colorado 3.70% 6/15/2028 | | | 114 | | | | 108 | |
Public Service Company of Colorado 1.90% 1/15/2031 | | | 111 | | | | 90 | |
Public Service Company of Colorado 1.875% 6/15/2031 | | | 33,485 | | | | 26,726 | |
Public Service Company of Colorado 2.70% 1/15/2051 | | | 1,710 | | | | 1,085 | |
The Bond Fund of America | 13 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Utilities (continued) | | | | | | | | |
Public Service Company of Colorado 5.25% 4/1/2053 | | USD | 3,350 | | | $ | 3,222 | |
Public Service Electric and Gas Co. 0.95% 3/15/2026 | | | 17,350 | | | | 15,662 | |
Public Service Electric and Gas Co. 3.65% 9/1/2028 | | | 2,978 | | | | 2,793 | |
Public Service Electric and Gas Co. 3.20% 5/15/2029 | | | 6,374 | | | | 5,777 | |
Public Service Electric and Gas Co. 2.45% 1/15/2030 | | | 4,830 | | | | 4,171 | |
Public Service Electric and Gas Co. 1.90% 8/15/2031 | | | 4,425 | | | | 3,559 | |
Public Service Electric and Gas Co. 3.10% 3/15/2032 | | | 30,715 | | | | 26,873 | |
Public Service Electric and Gas Co. 4.90% 12/15/2032 | | | 491 | | | | 491 | |
Public Service Electric and Gas Co. 3.20% 8/1/2049 | | | 2,475 | | | | 1,834 | |
Public Service Electric and Gas Co. 3.15% 1/1/2050 | | | 15,000 | | | | 10,950 | |
Public Service Electric and Gas Co. 2.05% 8/1/2050 | | | 16,000 | | | | 9,444 | |
San Diego Gas & Electric Co. 3.32% 4/15/2050 | | | 2,025 | | | | 1,452 | |
Southern California Edison Co. 1.10% 4/1/2024 | | | 28,861 | | | | 27,870 | |
Southern California Edison Co. 1.20% 2/1/2026 | | | 20,000 | | | | 17,875 | |
Southern California Edison Co. 4.90% 6/1/2026 | | | 10,000 | | | | 9,863 | |
Southern California Edison Co. 4.70% 6/1/2027 | | | 25,265 | | | | 24,855 | |
Southern California Edison Co. 5.85% 11/1/2027 | | | 7,531 | | | | 7,707 | |
Southern California Edison Co. 3.65% 3/1/2028 | | | 19,403 | | | | 18,124 | |
Southern California Edison Co. 5.30% 3/1/2028 | | | 1,500 | | | | 1,501 | |
Southern California Edison Co. 4.20% 3/1/2029 | | | 28,275 | | | | 26,900 | |
Southern California Edison Co. 2.85% 8/1/2029 | | | 73,313 | | | | 64,129 | |
Southern California Edison Co. 2.25% 6/1/2030 | | | 17,751 | | | | 14,858 | |
Southern California Edison Co. 2.50% 6/1/2031 | | | 24,738 | | | | 20,591 | |
Southern California Edison Co. 2.75% 2/1/2032 | | | 20,006 | | | | 16,750 | |
Southern California Edison Co. 6.00% 1/15/2034 | | | 3,039 | | | | 3,150 | |
Southern California Edison Co. 5.75% 4/1/2035 | | | 6,666 | | | | 6,780 | |
Southern California Edison Co. 5.35% 7/15/2035 | | | 30,475 | | | | 29,825 | |
Southern California Edison Co. 5.625% 2/1/2036 | | | 5,649 | | | | 5,603 | |
Southern California Edison Co. 5.55% 1/15/2037 | | | 6,946 | | | | 6,781 | |
Southern California Edison Co. 5.95% 2/1/2038 | | | 12,088 | | | | 12,448 | |
Southern California Edison Co. 4.50% 9/1/2040 | | | 20,920 | | | | 18,279 | |
Southern California Edison Co. 3.60% 2/1/2045 | | | 12,979 | | | | 9,566 | |
Southern California Edison Co. 4.00% 4/1/2047 | | | 3,524 | | | | 2,803 | |
Southern California Edison Co. 4.125% 3/1/2048 | | | 1,600 | | | | 1,300 | |
Southern California Edison Co. 3.65% 2/1/2050 | | | 18,994 | | | | 14,154 | |
Southern California Edison Co. 2.95% 2/1/2051 | | | 24,804 | | | | 16,278 | |
Southern California Edison Co. 3.65% 6/1/2051 | | | 936 | | | | 696 | |
Southern California Edison Co. 3.45% 2/1/2052 | | | 3,176 | | | | 2,277 | |
Southern California Gas Company 2.55% 2/1/2030 | | | 6,775 | | | | 5,831 | |
Southwestern Electric Power Co. 1.65% 3/15/2026 | | | 12,675 | | | | 11,465 | |
Southwestern Electric Power Co. 3.25% 11/1/2051 | | | 12,598 | | | | 8,473 | |
State Grid Overseas Investment (2014), Ltd. 4.125% 5/7/2024 | | | 3,070 | | | | 3,031 | |
Talen Energy Supply, LLC 8.625% 6/1/20302 | | | 14,808 | | | | 15,340 | |
The Cleveland Electric Illuminating Co. 3.50% 4/1/20282 | | | 15,958 | | | | 14,639 | |
The Cleveland Electric Illuminating Co. 4.55% 11/15/20302 | | | 5,500 | | | | 5,200 | |
The Connecticut Light and Power Co. 3.20% 3/15/2027 | | | 1,866 | | | | 1,758 | |
The Connecticut Light and Power Co. 2.05% 7/1/2031 | | | 12,036 | | | | 9,809 | |
TNB Global Ventures Capital Bhd 4.851% 11/1/2028 | | | 4,000 | | | | 3,937 | |
Union Electric Co. 2.15% 3/15/2032 | | | 12,550 | | | | 10,057 | |
Union Electric Co. 2.625% 3/15/2051 | | | 132 | | | | 85 | |
Union Electric Co. 3.90% 4/1/2052 | | | 7,318 | | | | 5,983 | |
Virginia Electric & Power 2.95% 11/15/2026 | | | 3,000 | | | | 2,783 | |
Virginia Electric & Power 2.875% 7/15/2029 | | | 1,820 | | | | 1,617 | |
Virginia Electric & Power 2.30% 11/15/2031 | | | 9,089 | | | | 7,382 | |
Virginia Electric & Power 2.40% 3/30/2032 | | | 7,258 | | | | 5,925 | |
Virginia Electric & Power 2.45% 12/15/2050 | | | 6,129 | | | | 3,678 | |
Vistra Operations Co., LLC 3.55% 7/15/20242 | | | 8,000 | | | | 7,729 | |
Vistra Operations Co., LLC 5.00% 7/31/20272 | | | 1,000 | | | | 937 | |
WEC Energy Group, Inc. 4.75% 1/9/2026 | | | 5,000 | | | | 4,927 | |
WEC Energy Group, Inc. 5.15% 10/1/2027 | | | 18,800 | | | | 18,785 | |
WEC Energy Group, Inc. 2.20% 12/15/2028 | | | 5,400 | | | | 4,650 | |
Wisconsin Power and Light Co. 1.95% 9/16/2031 | | | 15,450 | | | | 12,286 | |
Wisconsin Power and Light Co. 3.95% 9/1/2032 | | | 1,276 | | | | 1,179 | |
Wisconsin Power and Light Co. 3.65% 4/1/2050 | | | 2,675 | | | | 2,031 | |
Xcel Energy, Inc. 3.35% 12/1/2026 | | | 10,439 | | | | 9,800 | |
Xcel Energy, Inc. 1.75% 3/15/2027 | | | 11,088 | | | | 9,828 | |
Xcel Energy, Inc. 2.60% 12/1/2029 | | | 23,362 | | | | 19,979 | |
14 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Utilities (continued) | | | | | | | | |
Xcel Energy, Inc. 2.35% 11/15/2031 | | USD | 30,760 | | | $ | 24,493 | |
Xcel Energy, Inc. 4.60% 6/1/2032 | | | 25,543 | | | | 24,137 | |
Xcel Energy, Inc. 3.50% 12/1/2049 | | | 14,159 | | | | 10,287 | |
| | | | | | | 3,233,725 | |
| | | | | | | | |
Health care 3.38% | | | | | | | | |
AbbVie, Inc. 2.60% 11/21/2024 | | | 30,200 | | | | 28,991 | |
AbbVie, Inc. 2.95% 11/21/2026 | | | 16,395 | | | | 15,324 | |
AbbVie, Inc. 3.20% 11/21/2029 | | | 4,409 | | | | 3,990 | |
AbbVie, Inc. 4.25% 11/21/2049 | | | 202 | | | | 174 | |
AmerisourceBergen Corp. 2.70% 3/15/2031 | | | 17,987 | | | | 15,301 | |
Amgen, Inc. 5.507% 3/2/2026 | | | 3,000 | | | | 2,995 | |
Amgen, Inc. 5.15% 3/2/2028 | | | 35,867 | | | | 35,860 | |
Amgen, Inc. 3.00% 2/22/2029 | | | 3,098 | | | | 2,799 | |
Amgen, Inc. 4.05% 8/18/2029 | | | 31,879 | | | | 30,247 | |
Amgen, Inc. 2.45% 2/21/2030 | | | 18,829 | | | | 16,154 | |
Amgen, Inc. 5.25% 3/2/2030 | | | 16,187 | | | | 16,232 | |
Amgen, Inc. 2.30% 2/25/2031 | | | 5,000 | | | | 4,157 | |
Amgen, Inc. 4.20% 3/1/2033 | | | 36,903 | | | | 34,462 | |
Amgen, Inc. 5.25% 3/2/2033 | | | 55,525 | | | | 55,622 | |
Amgen, Inc. 5.60% 3/2/2043 | | | 17,950 | | | | 18,017 | |
Amgen, Inc. 3.375% 2/21/2050 | | | 122 | | | | 89 | |
Amgen, Inc. 4.875% 3/1/2053 | | | 15,308 | | | | 14,095 | |
Amgen, Inc. 5.65% 3/2/2053 | | | 38,294 | | | | 38,808 | |
Amgen, Inc. 5.75% 3/2/2063 | | | 22,800 | | | | 23,147 | |
AstraZeneca Finance, LLC 1.75% 5/28/2028 | | | 4,450 | | | | 3,858 | |
AstraZeneca Finance, LLC 4.90% 3/3/2030 | | | 12,380 | | | | 12,411 | |
AstraZeneca Finance, LLC 2.25% 5/28/2031 | | | 6,852 | | | | 5,785 | |
AstraZeneca Finance, LLC 4.875% 3/3/2033 | | | 17,730 | | | | 17,992 | |
AstraZeneca PLC 3.50% 8/17/2023 | | | 14,500 | | | | 14,465 | |
AstraZeneca PLC 3.375% 11/16/2025 | | | 20,139 | | | | 19,370 | |
AstraZeneca PLC 0.70% 4/8/2026 | | | 6,589 | | | | 5,889 | |
AstraZeneca PLC 4.00% 1/17/2029 | | | 2,027 | | | | 1,956 | |
AstraZeneca PLC 1.375% 8/6/2030 | | | 17,516 | | | | 14,101 | |
AstraZeneca PLC 3.00% 5/28/2051 | | | 3,294 | | | | 2,446 | |
Avantor Funding, Inc. 4.625% 7/15/20282 | | | 6,320 | | | | 5,864 | |
Bausch Health Companies, Inc. 5.50% 11/1/20252 | | | 17,750 | | | | 15,708 | |
Bausch Health Companies, Inc. 4.875% 6/1/20282 | | | 8,125 | | | | 4,846 | |
Baxter International, Inc. 2.272% 12/1/2028 | | | 3,250 | | | | 2,787 | |
Baxter International, Inc. 2.539% 2/1/2032 | | | 37,704 | | | | 30,563 | |
Baxter International, Inc. 3.132% 12/1/2051 | | | 2,284 | | | | 1,509 | |
Bayer US Finance II, LLC 3.875% 12/15/20232 | | | 11,650 | | | | 11,539 | |
Bayer US Finance II, LLC 4.375% 12/15/20282 | | | 4,250 | | | | 4,034 | |
Becton, Dickinson and Company 3.363% 6/6/2024 | | | 8,545 | | | | 8,362 | |
Becton, Dickinson and Company 4.298% 8/22/2032 | | | 6,700 | | | | 6,360 | |
Boston Scientific Corp. 3.45% 3/1/2024 | | | 875 | | | | 861 | |
Boston Scientific Corp. 2.65% 6/1/2030 | | | 41,291 | | | | 36,003 | |
Boston Scientific Corp. 4.70% 3/1/2049 | | | 340 | | | | 319 | |
Bristol-Myers Squibb Co. 2.90% 7/26/2024 | | | 9,095 | | | | 8,860 | |
Bristol-Myers Squibb Co. 3.20% 6/15/2026 | | | 7,768 | | | | 7,437 | |
Bristol-Myers Squibb Co. 3.40% 7/26/2029 | | | 2,197 | | | | 2,042 | |
Catalent Pharma Solutions, Inc. 3.50% 4/1/20302 | | | 16,500 | | | | 13,381 | |
Centene Corp. 4.25% 12/15/2027 | | | 58,085 | | | | 54,362 | |
Centene Corp. 2.45% 7/15/2028 | | | 82,808 | | | | 70,861 | |
Centene Corp. 4.625% 12/15/2029 | | | 42,335 | | | | 39,005 | |
Centene Corp. 3.375% 2/15/2030 | | | 45,137 | | | | 38,833 | |
Centene Corp. 3.00% 10/15/2030 | | | 23,055 | | | | 19,234 | |
Centene Corp. 2.50% 3/1/2031 | | | 71,209 | | | | 56,858 | |
Centene Corp. 2.625% 8/1/2031 | | | 14,110 | | | | 11,263 | |
Charles River Laboratories International, Inc. 3.75% 3/15/20292 | | | 4,335 | | | | 3,819 | |
CHS / Community Health Systems, Inc. 4.75% 2/15/20312 | | | 6,000 | | | | 4,541 | |
CVS Health Corp. 1.30% 8/21/2027 | | | 10,000 | | | | 8,611 | |
CVS Health Corp. 3.25% 8/15/2029 | | | 10,362 | | | | 9,311 | |
CVS Health Corp. 5.125% 2/21/2030 | | | 12,000 | | | | 11,925 | |
CVS Health Corp. 1.75% 8/21/2030 | | | 5,660 | | | | 4,520 | |
CVS Health Corp. 5.25% 1/30/2031 | | | 7,000 | | | | 6,980 | |
CVS Health Corp. 1.875% 2/28/2031 | | | 13,185 | | | | 10,480 | |
The Bond Fund of America | 15 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Health care (continued) | | | | | | | | |
CVS Health Corp. 5.25% 2/21/2033 | | USD | 14,789 | | | $ | 14,738 | |
CVS Health Corp. 5.30% 6/1/2033 | | | 17,469 | | | | 17,450 | |
CVS Health Corp. 5.05% 3/25/2048 | | | 1,707 | | | | 1,575 | |
CVS Health Corp. 4.25% 4/1/2050 | | | 8,451 | | | | 7,007 | |
CVS Health Corp. 5.625% 2/21/2053 | | | 6,250 | | | | 6,218 | |
CVS Health Corp. 5.875% 6/1/2053 | | | 4,944 | | | | 5,074 | |
CVS Health Corp. 6.00% 6/1/2063 | | | 11,135 | | | | 11,467 | |
Elevance Health, Inc. 3.50% 8/15/2024 | | | 9,349 | | | | 9,111 | |
Elevance Health, Inc. 2.375% 1/15/2025 | | | 1,534 | | | | 1,459 | |
Elevance Health, Inc. 4.10% 5/15/2032 | | | 31,973 | | | | 29,818 | |
Elevance Health, Inc. 4.75% 2/15/2033 | | | 7,823 | | | | 7,601 | |
Elevance Health, Inc. 4.55% 5/15/2052 | | | 8,831 | | | | 7,899 | |
Elevance Health, Inc. 5.125% 2/15/2053 | | | 2,910 | | | | 2,824 | |
Eli Lilly and Co. 3.375% 3/15/2029 | | | 9,000 | | | | 8,461 | |
Eli Lilly and Co. 4.70% 2/27/2033 | | | 38,455 | | | | 38,974 | |
Eli Lilly and Co. 4.875% 2/27/2053 | | | 9,163 | | | | 9,419 | |
Eli Lilly and Co. 4.95% 2/27/2063 | | | 916 | | | | 936 | |
EMD Finance, LLC 3.25% 3/19/20252 | | | 16,185 | | | | 15,520 | |
Fortrea Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 5.05% 6/30/20303,7 | | | 2,720 | | | | 2,723 | |
GE HealthCare Technologies, Inc. 5.65% 11/15/2027 | | | 33,699 | | | | 34,126 | |
GE HealthCare Technologies, Inc. 5.857% 3/15/2030 | | | 7,880 | | | | 8,092 | |
GE HealthCare Technologies, Inc. 5.905% 11/22/2032 | | | 52,792 | | | | 55,253 | |
GE HealthCare Technologies, Inc. 6.377% 11/22/2052 | | | 2,650 | | | | 2,951 | |
Gilead Sciences, Inc. 2.80% 10/1/2050 | | | 65 | | | | 44 | |
GlaxoSmithKline Capital, Inc. 3.625% 5/15/2025 | | | 11,425 | | | | 11,111 | |
HCA, Inc. 5.875% 2/15/2026 | | | 4,700 | | | | 4,704 | |
HCA, Inc. 5.20% 6/1/2028 | | | 30,000 | | | | 29,777 | |
HCA, Inc. 5.875% 2/1/2029 | | | 7,130 | | | | 7,180 | |
HCA, Inc. 3.375% 3/15/20292 | | | 401 | | | | 357 | |
HCA, Inc. 4.125% 6/15/2029 | | | 2,825 | | | | 2,616 | |
HCA, Inc. 3.50% 9/1/2030 | | | 5,225 | | | | 4,583 | |
HCA, Inc. 2.375% 7/15/2031 | | | 2,704 | | | | 2,164 | |
HCA, Inc. 3.625% 3/15/20322 | | | 13,278 | | | | 11,531 | |
HCA, Inc. 5.25% 6/15/2049 | | | 8,300 | | | | 7,497 | |
HCA, Inc. 4.625% 3/15/20522 | | | 323 | | | | 266 | |
Humana, Inc. 3.70% 3/23/2029 | | | 15,704 | | | | 14,392 | |
IQVIA, Inc. 5.00% 10/15/20262 | | | 5,750 | | | | 5,557 | |
Johnson & Johnson 0.95% 9/1/2027 | | | 6,000 | | | | 5,248 | |
Johnson & Johnson 1.30% 9/1/2030 | | | 28,696 | | | | 23,584 | |
Johnson & Johnson 2.10% 9/1/2040 | | | 4,000 | | | | 2,821 | |
Johnson & Johnson 2.25% 9/1/2050 | | | 11,000 | | | | 7,297 | |
Kaiser Foundation Hospitals 2.81% 6/1/2041 | | | 701 | | | | 516 | |
Laboratory Corporation of America Holdings 1.55% 6/1/2026 | | | 4,555 | | | | 4,071 | |
Medtronic Global Holdings S.C.A. 4.50% 3/30/2033 | | | 10,500 | | | | 10,295 | |
Merck & Co., Inc. 2.75% 2/10/2025 | | | 34,000 | | | | 32,742 | |
Merck & Co., Inc. 1.70% 6/10/2027 | | | 18,478 | | | | 16,563 | |
Merck & Co., Inc. 1.45% 6/24/2030 | | | 20,106 | | | | 16,405 | |
Merck & Co., Inc. 4.90% 5/17/2044 | | | 2,749 | | | | 2,758 | |
Merck & Co., Inc. 2.75% 12/10/2051 | | | 10,000 | | | | 6,908 | |
Merck & Co., Inc. 5.00% 5/17/2053 | | | 6,482 | | | | 6,572 | |
Merck & Co., Inc. 5.15% 5/17/2063 | | | 7,855 | | | | 8,030 | |
Molina Healthcare, Inc. 4.375% 6/15/20282 | | | 2,125 | | | | 1,961 | |
Molina Healthcare, Inc. 3.875% 11/15/20302 | | | 2,665 | | | | 2,292 | |
Molina Healthcare, Inc. 3.875% 5/15/20322 | | | 15,500 | | | | 13,015 | |
Novartis Capital Corp. 1.75% 2/14/2025 | | | 1,167 | | | | 1,107 | |
Novartis Capital Corp. 2.00% 2/14/2027 | | | 6,000 | | | | 5,501 | |
Novartis Capital Corp. 2.20% 8/14/2030 | | | 22,078 | | | | 19,100 | |
Pfizer Investment Enterprises Pte., Ltd. 4.45% 5/19/2028 | | | 11,750 | | | | 11,554 | |
Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033 | | | 32,653 | | | | 32,543 | |
Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053 | | | 27,222 | | | | 28,324 | |
Pfizer, Inc. 2.95% 3/15/2024 | | | 2,150 | | | | 2,112 | |
Pfizer, Inc. 3.45% 3/15/2029 | | | 140 | | | | 132 | |
Pfizer, Inc. 1.70% 5/28/2030 | | | 690 | | | | 573 | |
Regeneron Pharmaceuticals, Inc. 1.75% 9/15/2030 | | | 17,136 | | | | 13,667 | |
Roche Holdings, Inc. 1.93% 12/13/20282 | | | 28,439 | | | | 24,710 | |
Roche Holdings, Inc. 2.076% 12/13/20312 | | | 101,540 | | | | 83,716 | |
16 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Health care (continued) | | | | | | | | |
Roche Holdings, Inc. 2.607% 12/13/20512 | | USD | 320 | | | $ | 217 | |
Shire Acquisitions Investments Ireland DAC 2.875% 9/23/2023 | | | 4,486 | | | | 4,457 | |
Shire Acquisitions Investments Ireland DAC 3.20% 9/23/2026 | | | 23,317 | | | | 21,902 | |
Summa Health 3.511% 11/15/2051 | | | 187 | | | | 133 | |
Syneos Health, Inc. 3.625% 1/15/20292 | | | 2,315 | | | | 2,266 | |
Takeda Pharmaceutical Co., Ltd. 4.40% 11/26/2023 | | | 10,926 | | | | 10,866 | |
Takeda Pharmaceutical Co., Ltd. 5.00% 11/26/2028 | | | 7,500 | | | | 7,460 | |
Tenet Healthcare Corp. 4.875% 1/1/2026 | | | 5,535 | | | | 5,397 | |
Tenet Healthcare Corp. 5.125% 11/1/2027 | | | 4,565 | | | | 4,363 | |
Tenet Healthcare Corp. 6.125% 6/15/2030 | | | 4,000 | | | | 3,948 | |
Tenet Healthcare Corp. 6.75% 5/15/20312 | | | 10,000 | | | | 10,037 | |
Teva Pharmaceutical Finance Co., LLC 6.15% 2/1/2036 | | | 11,690 | | | | 10,405 | |
Teva Pharmaceutical Finance Netherlands III BV 2.80% 7/21/2023 | | | 2,539 | | | | 2,536 | |
Teva Pharmaceutical Finance Netherlands III BV 6.00% 4/15/2024 | | | 74,546 | | | | 74,128 | |
Teva Pharmaceutical Finance Netherlands III BV 7.125% 1/31/2025 | | | 66,000 | | | | 66,951 | |
Teva Pharmaceutical Finance Netherlands III BV 3.15% 10/1/2026 | | | 147,495 | | | | 132,348 | |
Teva Pharmaceutical Finance Netherlands III BV 4.75% 5/9/2027 | | | 25,870 | | | | 23,964 | |
Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028 | | | 127,679 | | | | 125,908 | |
Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029 | | | 20,815 | | | | 18,903 | |
Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046 | | | 173,286 | | | | 114,153 | |
The Cigna Group 2.375% 3/15/2031 | | | 2,853 | | | | 2,393 | |
Thermo Fisher Scientific, Inc. 4.80% 11/21/2027 | | | 12,000 | | | | 12,061 | |
Thermo Fisher Scientific, Inc. 4.95% 11/21/2032 | | | 4,856 | | | | 4,946 | |
UnitedHealth Group, Inc. 3.50% 2/15/2024 | | | 6,860 | | | | 6,782 | |
UnitedHealth Group, Inc. 2.375% 8/15/2024 | | | 7,903 | | | | 7,640 | |
UnitedHealth Group, Inc. 3.75% 7/15/2025 | | | 5,900 | | | | 5,745 | |
UnitedHealth Group, Inc. 3.70% 12/15/2025 | | | 15,430 | | | | 14,907 | |
UnitedHealth Group, Inc. 5.25% 2/15/2028 | | | 3,011 | | | | 3,072 | |
UnitedHealth Group, Inc. 4.00% 5/15/2029 | | | 14,165 | | | | 13,547 | |
UnitedHealth Group, Inc. 2.875% 8/15/2029 | | | 1,172 | | | | 1,054 | |
UnitedHealth Group, Inc. 2.00% 5/15/2030 | | | 13,538 | | | | 11,403 | |
UnitedHealth Group, Inc. 4.20% 5/15/2032 | | | 14,062 | | | | 13,430 | |
UnitedHealth Group, Inc. 5.35% 2/15/2033 | | | 5,984 | | | | 6,222 | |
UnitedHealth Group, Inc. 3.05% 5/15/2041 | | | 8,000 | | | | 6,191 | |
UnitedHealth Group, Inc. 4.25% 6/15/2048 | | | 3,314 | | | | 2,925 | |
UnitedHealth Group, Inc. 4.45% 12/15/2048 | | | 2,015 | | | | 1,838 | |
UnitedHealth Group, Inc. 3.70% 8/15/2049 | | | 6,795 | | | | 5,465 | |
UnitedHealth Group, Inc. 2.90% 5/15/2050 | | | 9,116 | | | | 6,362 | |
UnitedHealth Group, Inc. 3.25% 5/15/2051 | | | 5,865 | | | | 4,381 | |
UnitedHealth Group, Inc. 4.75% 5/15/2052 | | | 8,835 | | | | 8,389 | |
UnitedHealth Group, Inc. 5.875% 2/15/2053 | | | 5,910 | | | | 6,571 | |
UnitedHealth Group, Inc. 4.95% 5/15/2062 | | | 225 | | | | 217 | |
UnitedHealth Group, Inc. 6.05% 2/15/2063 | | | 4,565 | | | | 5,167 | |
Zoetis, Inc. 5.60% 11/16/2032 | | | 15,969 | | | | 16,698 | |
| | | | | | | 2,558,155 | |
| | | | | | | | |
Consumer discretionary 2.85% | | | | | | | | |
Alibaba Group Holding, Ltd. 2.125% 2/9/2031 | | | 5,000 | | | | 4,074 | |
Alibaba Group Holding, Ltd. 2.70% 2/9/2041 | | | 6,206 | | | | 4,150 | |
Allied Universal Holdco, LLC 4.625% 6/1/20282 | | | 2,105 | | | | 1,784 | |
Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/20292 | | | 2,471 | | | | 2,512 | |
Amazon.com, Inc. 1.65% 5/12/2028 | | | 25,000 | | | | 21,849 | |
Amazon.com, Inc. 3.45% 4/13/2029 | | | 3,434 | | | | 3,236 | |
Amazon.com, Inc. 1.50% 6/3/2030 | | | 6,278 | | | | 5,165 | |
Amazon.com, Inc. 2.10% 5/12/2031 | | | 25,000 | | | | 21,036 | |
Amazon.com, Inc. 3.60% 4/13/2032 | | | 4,050 | | | | 3,778 | |
Amazon.com, Inc. 4.70% 12/1/2032 | | | 14,370 | | | | 14,495 | |
Amazon.com, Inc. 2.875% 5/12/2041 | | | 5,827 | | | | 4,499 | |
Amazon.com, Inc. 3.10% 5/12/2051 | | | 7,293 | | | | 5,448 | |
American Honda Finance Corp. 1.20% 7/8/2025 | | | 10,182 | | | | 9,375 | |
Atlas LuxCo 4 SARL 4.625% 6/1/20282 | | | 1,610 | | | | 1,356 | |
Bath & Body Works, Inc. 6.875% 11/1/2035 | | | 4,500 | | | | 4,124 | |
Bath & Body Works, Inc. 6.75% 7/1/2036 | | | 4,800 | | | | 4,325 | |
BMW US Capital, LLC 3.90% 4/9/20252 | | | 21,240 | | | | 20,732 | |
BMW US Capital, LLC 3.45% 4/1/20272 | | | 1,300 | | | | 1,234 | |
BMW US Capital, LLC 2.55% 4/1/20312 | | | 14,011 | | | | 11,915 | |
BMW US Capital, LLC 3.70% 4/1/20322 | | | 6,842 | | | | 6,313 | |
The Bond Fund of America | 17 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Consumer discretionary (continued) | | | | | | | | |
Carnival Corp. 10.50% 2/1/20262 | | USD | 1,250 | | | $ | 1,315 | |
Carnival Corp. 4.00% 8/1/20282 | | | 1,000 | | | | 887 | |
Daimler Trucks Finance North America, LLC 1.625% 12/13/20242 | | | 18,450 | | | | 17,377 | |
Daimler Trucks Finance North America, LLC 3.50% 4/7/20252 | | | 11,275 | | | | 10,852 | |
Daimler Trucks Finance North America, LLC 5.15% 1/16/20262 | | | 6,983 | | | | 6,954 | |
Daimler Trucks Finance North America, LLC 2.00% 12/14/20262 | | | 10,500 | | | | 9,380 | |
Daimler Trucks Finance North America, LLC 3.65% 4/7/20272 | | | 15,333 | | | | 14,503 | |
Daimler Trucks Finance North America, LLC 5.125% 1/19/20282 | | | 3,772 | | | | 3,741 | |
Daimler Trucks Finance North America, LLC 2.375% 12/14/20282 | | | 19,527 | | | | 16,918 | |
Daimler Trucks Finance North America, LLC 2.50% 12/14/20312 | | | 62,028 | | | | 50,426 | |
Falabella SA 3.75% 10/30/20272 | | | 8,295 | | | | 7,443 | |
Ford Motor Co. 6.10% 8/19/2032 | | | 25,000 | | | | 24,253 | |
Ford Motor Credit Co., LLC 3.81% 1/9/2024 | | | 3,935 | | | | 3,882 | |
Ford Motor Credit Co., LLC 5.584% 3/18/2024 | | | 423 | | | | 420 | |
Ford Motor Credit Co., LLC 3.664% 9/8/2024 | | | 5,756 | | | | 5,567 | |
Ford Motor Credit Co., LLC 2.30% 2/10/2025 | | | 33,110 | | | | 30,983 | |
Ford Motor Credit Co., LLC 5.125% 6/16/2025 | | | 1,000 | | | | 973 | |
Ford Motor Credit Co., LLC 4.134% 8/4/2025 | | | 400 | | | | 380 | |
Ford Motor Credit Co., LLC 4.542% 8/1/2026 | | | 18,000 | | | | 16,936 | |
Ford Motor Credit Co., LLC 2.70% 8/10/2026 | | | 66,960 | | | | 59,845 | |
Ford Motor Credit Co., LLC 4.271% 1/9/2027 | | | 41,650 | | | | 38,596 | |
Ford Motor Credit Co., LLC 4.95% 5/28/2027 | | | 9,920 | | | | 9,369 | |
Ford Motor Credit Co., LLC 4.125% 8/17/2027 | | | 19,805 | | | | 18,103 | |
Ford Motor Credit Co., LLC 3.815% 11/2/2027 | | | 5,575 | | | | 4,988 | |
Ford Motor Credit Co., LLC 7.35% 11/4/2027 | | | 93,397 | | | | 95,603 | |
Ford Motor Credit Co., LLC 2.90% 2/16/2028 | | | 13,400 | | | | 11,490 | |
Ford Motor Credit Co., LLC 2.90% 2/10/2029 | | | 65,800 | | | | 54,515 | |
Ford Motor Credit Co., LLC 7.35% 3/6/2030 | | | 43,855 | | | | 44,836 | |
Ford Motor Credit Co., LLC 3.625% 6/17/2031 | | | 1,500 | | | | 1,231 | |
General Motors Company 6.125% 10/1/2025 | | | 28,548 | | | | 28,754 | |
General Motors Company 6.80% 10/1/2027 | | | 17,934 | | | | 18,641 | |
General Motors Company 5.40% 10/15/2029 | | | 16,960 | | | | 16,550 | |
General Motors Company 5.60% 10/15/2032 | | | 16,000 | | | | 15,487 | |
General Motors Company 5.40% 4/1/2048 | | | 4,000 | | | | 3,441 | |
General Motors Financial Co., Inc. 3.80% 4/7/2025 | | | 10,383 | | | | 10,019 | |
General Motors Financial Co., Inc. 2.75% 6/20/2025 | | | 24,892 | | | | 23,461 | |
General Motors Financial Co., Inc. 1.25% 1/8/2026 | | | 6,450 | | | | 5,757 | |
General Motors Financial Co., Inc. 1.50% 6/10/2026 | | | 58,525 | | | | 51,744 | |
General Motors Financial Co., Inc. 4.00% 10/6/2026 | | | 7,285 | | | | 6,912 | |
General Motors Financial Co., Inc. 2.35% 2/26/2027 | | | 42,397 | | | | 37,817 | |
General Motors Financial Co., Inc. 2.70% 8/20/2027 | | | 37,175 | | | | 32,945 | |
General Motors Financial Co., Inc. 2.40% 4/10/2028 | | | 12,928 | | | | 11,155 | |
General Motors Financial Co., Inc. 5.80% 6/23/2028 | | | 19,000 | | | | 18,937 | |
General Motors Financial Co., Inc. 2.40% 10/15/2028 | | | 40,580 | | | | 34,387 | |
General Motors Financial Co., Inc. 4.30% 4/6/2029 | | | 13,600 | | | | 12,490 | |
General Motors Financial Co., Inc. 3.60% 6/21/2030 | | | 1,735 | | | | 1,501 | |
General Motors Financial Co., Inc. 2.35% 1/8/2031 | | | 32,503 | | | | 25,482 | |
General Motors Financial Co., Inc. 2.70% 6/10/2031 | | | 27,854 | | | | 22,234 | |
General Motors Financial Co., Inc. 6.40% 1/9/2033 | | | 18,000 | | | | 18,308 | |
GOHL Capital, Ltd. 4.25% 1/24/2027 | | | 15,000 | | | | 13,939 | |
Grand Canyon University 4.125% 10/1/2024 | | | 25,000 | | | | 23,680 | |
Hanesbrands, Inc. 9.00% 2/15/20312 | | | 3,681 | | | | 3,713 | |
Hilton Domestic Operating Co., Inc. 4.00% 5/1/20312 | | | 13,960 | | | | 12,137 | |
Hilton Domestic Operating Co., Inc. 3.625% 2/15/20322 | | | 11,040 | | | | 9,215 | |
Home Depot, Inc. 2.95% 6/15/2029 | | | 32,205 | | | | 29,336 | |
Home Depot, Inc. 2.70% 4/15/2030 | | | 25,000 | | | | 22,229 | |
Home Depot, Inc. 1.375% 3/15/2031 | | | 16,666 | | | | 13,172 | |
Home Depot, Inc. 2.375% 3/15/2051 | | | 7,293 | | | | 4,524 | |
Hyundai Capital America 1.25% 9/18/20232 | | | 18,902 | | | | 18,724 | |
Hyundai Capital America 0.875% 6/14/20242 | | | 17,000 | | | | 16,218 | |
Hyundai Capital America 1.00% 9/17/20242 | | | 15,600 | | | | 14,678 | |
Hyundai Capital America 2.65% 2/10/20252 | | | 28,554 | | | | 27,077 | |
Hyundai Capital America 5.875% 4/7/20252 | | | 10,000 | | | | 10,001 | |
Hyundai Capital America 1.80% 10/15/20252 | | | 56,387 | | | | 51,458 | |
Hyundai Capital America 1.30% 1/8/20262 | | | 17,000 | | | | 15,219 | |
Hyundai Capital America 5.50% 3/30/20262 | | | 5,000 | | | | 4,957 | |
Hyundai Capital America 1.50% 6/15/20262 | | | 33,915 | | | | 30,052 | |
18 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Consumer discretionary (continued) | | | | | | | | |
Hyundai Capital America 1.65% 9/17/20262 | | USD | 36,910 | | | $ | 32,540 | |
Hyundai Capital America 3.00% 2/10/20272 | | | 19,717 | | | | 17,989 | |
Hyundai Capital America 2.375% 10/15/20272 | | | 14,154 | | | | 12,394 | |
Hyundai Capital America 1.80% 1/10/20282 | | | 15,611 | | | | 13,173 | |
Hyundai Capital America 5.60% 3/30/20282 | | | 9,800 | | | | 9,756 | |
Hyundai Capital America 2.00% 6/15/20282 | | | 36,819 | | | | 30,984 | |
Hyundai Capital America 5.68% 6/26/20282 | | | 19,000 | | | | 18,858 | |
Hyundai Capital America 2.10% 9/15/20282 | | | 14,290 | | | | 11,989 | |
Hyundai Capital America 5.80% 4/1/20302 | | | 16,980 | | | | 17,109 | |
Hyundai Capital America 5.70% 6/26/20302 | | | 11,395 | | | | 11,327 | |
Hyundai Capital Services, Inc. 2.125% 4/24/20252 | | | 5,225 | | | | 4,898 | |
Hyundai Capital Services, Inc. 1.25% 2/8/20262 | | | 6,570 | | | | 5,863 | |
International Game Technology PLC 6.50% 2/15/20252 | | | 1,160 | | | | 1,161 | |
International Game Technology PLC 4.125% 4/15/20262 | | | 2,115 | | | | 2,010 | |
International Game Technology PLC 6.25% 1/15/20272 | | | 3,500 | | | | 3,490 | |
International Game Technology PLC 5.25% 1/15/20292 | | | 6,940 | | | | 6,580 | |
KB Home 6.875% 6/15/2027 | | | 5,000 | | | | 5,079 | |
KIA Corp. 1.00% 4/16/2024 | | | 5,000 | | | | 4,813 | |
KIA Corp. 2.375% 2/14/20252 | | | 9,995 | | | | 9,480 | |
Lennar Corp. 4.50% 4/30/2024 | | | 3,015 | | | | 2,990 | |
M.D.C. Holdings, Inc. 6.00% 1/15/2043 | | | 7,475 | | | | 6,752 | |
Marriott International, Inc. 5.75% 5/1/2025 | | | 208 | | | | 208 | |
Marriott International, Inc. 5.00% 10/15/2027 | | | 20,771 | | | | 20,620 | |
Marriott International, Inc. 4.90% 4/15/2029 | | | 7,598 | | | | 7,396 | |
Marriott International, Inc. 2.85% 4/15/2031 | | | 16,535 | | | | 13,913 | |
Marriott International, Inc. 2.75% 10/15/2033 | | | 26,188 | | | | 20,834 | |
McDonald’s Corp. 3.70% 1/30/2026 | | | 135 | | | | 131 | |
McDonald’s Corp. 3.50% 3/1/2027 | | | 185 | | | | 177 | |
McDonald’s Corp. 2.125% 3/1/2030 | | | 5,793 | | | | 4,932 | |
McDonald’s Corp. 4.60% 9/9/2032 | | | 8,500 | | | | 8,423 | |
McDonald’s Corp. 4.45% 9/1/2048 | | | 242 | | | | 218 | |
McDonald’s Corp. 3.625% 9/1/2049 | | | 6,857 | | | | 5,414 | |
McDonald’s Corp. 4.20% 4/1/2050 | | | 708 | | | | 613 | |
McDonald’s Corp. 5.15% 9/9/2052 | | | 3,265 | | | | 3,257 | |
Meituan 2.125% 10/28/20252 | | | 5,041 | | | | 4,607 | |
Meituan 3.05% 10/28/20302 | | | 17,000 | | | | 13,478 | |
Meituan 3.05% 10/28/2030 | | | 15,000 | | | | 11,892 | |
Mercedes-Benz Finance North America, LLC 0.75% 3/1/20242 | | | 5,000 | | | | 4,839 | |
Mercedes-Benz Finance North America, LLC 2.70% 6/14/20242 | | | 7,500 | | | | 7,306 | |
Mercedes-Benz Finance North America, LLC 5.375% 11/26/20252 | | | 275 | | | | 275 | |
MGM Resorts International 6.75% 5/1/2025 | | | 3,000 | | | | 3,010 | |
NIKE, Inc. 2.40% 3/27/2025 | | | 8,656 | | | | 8,282 | |
NIKE, Inc. 3.25% 3/27/2040 | | | 5,469 | | | | 4,500 | |
Nissan Motor Acceptance Corp. 1.85% 9/16/20262 | | | 4,874 | | | | 4,138 | |
Nissan Motor Acceptance Corp. 2.75% 3/9/20282 | | | 11,315 | | | | 9,308 | |
Nissan Motor Acceptance Corp. 2.45% 9/15/20282 | | | 15,000 | | | | 11,988 | |
Nissan Motor Co., Ltd. 3.043% 9/15/20232 | | | 8,756 | | | | 8,695 | |
President and Fellows of Harvard College 2.517% 10/15/2050 | | | 5,500 | | | | 3,682 | |
QVC, Inc. 4.85% 4/1/2024 | | | 11,050 | | | | 10,815 | |
QVC, Inc. 4.45% 2/15/2025 | | | 1,500 | | | | 1,327 | |
Royal Caribbean Cruises, Ltd. 11.50% 6/1/20252 | | | 1,796 | | | | 1,907 | |
Sally Holdings, LLC 5.625% 12/1/2025 | | | 200 | | | | 197 | |
Sands China, Ltd. 5.625% 8/8/2025 | | | 5,000 | | | | 4,881 | |
Sands China, Ltd. 5.90% 8/8/2028 | | | 48,750 | | | | 46,515 | |
St Engineering Rhq, Ltd. 1.50% 4/29/2025 | | | 5,000 | | | | 4,662 | |
Starbucks Corp. 3.80% 8/15/2025 | | | 14,000 | | | | 13,563 | |
Stellantis Finance US, Inc. 1.711% 1/29/20272 | | | 14,400 | | | | 12,626 | |
Stellantis Finance US, Inc. 5.625% 1/12/20282 | | | 51,318 | | | | 51,798 | |
Stellantis Finance US, Inc. 2.691% 9/15/20312 | | | 24,111 | | | | 19,278 | |
Stellantis Finance US, Inc. 6.375% 9/12/20322 | | | 44,540 | | | | 45,492 | |
Taylor Morrison Communities, Inc. 5.75% 1/15/20282 | | | 3,500 | | | | 3,387 | |
The Morongo Band of Mission Indians 7.00% 10/1/20392 | | | 11,225 | | | | 11,979 | |
Toyota Motor Corp. 0.681% 3/25/2024 | | | 6,731 | | | | 6,499 | |
Toyota Motor Credit Corp. 1.90% 1/13/2027 | | | 2,568 | | | | 2,320 | |
Toyota Motor Credit Corp. 1.15% 8/13/2027 | | | 6,086 | | | | 5,265 | |
Toyota Motor Credit Corp. 1.90% 4/6/2028 | | | 3,802 | | | | 3,333 | |
Toyota Motor Credit Corp. 4.45% 6/29/2029 | | | 616 | | | | 605 | |
The Bond Fund of America | 19 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Consumer discretionary (continued) | | | | | | | | |
Toyota Motor Credit Corp. 3.375% 4/1/2030 | | USD | 8,330 | | | $ | 7,669 | |
Toyota Motor Credit Corp. 4.55% 5/17/2030 | | | 11,800 | | | | 11,519 | |
Travel + Leisure Co. 6.625% 7/31/20262 | | | 4,000 | | | | 3,973 | |
Volkswagen Group of America Finance, LLC 3.35% 5/13/20252 | | | 21,089 | | | | 20,210 | |
Volkswagen Group of America Finance, LLC 1.25% 11/24/20252 | | | 3,530 | | | | 3,183 | |
Volkswagen Group of America Finance, LLC 1.625% 11/24/20272 | | | 16,375 | | | | 14,027 | |
Wynn Resorts Finance, LLC 5.125% 10/1/20292 | | | 2,500 | | | | 2,243 | |
ZF North America Capital, Inc. 7.125% 4/14/20302 | | | 9,500 | | | | 9,672 | |
| | | | | | | 2,159,833 | |
| | | | | | | | |
Communication services 2.81% | | | | | | | | |
América Móvil, SAB de CV 9.50% 1/27/2031 | | MXN | 117,330 | | | | 6,792 | |
AT&T, Inc. 1.70% 3/25/2026 | | USD | 13,751 | | | | 12,539 | |
AT&T, Inc. 2.30% 6/1/2027 | | | 11,896 | | | | 10,705 | |
AT&T, Inc. 1.65% 2/1/2028 | | | 15,971 | | | | 13,734 | |
AT&T, Inc. 4.35% 3/1/2029 | | | 14,011 | | | | 13,465 | |
AT&T, Inc. 4.30% 2/15/2030 | | | 71,889 | | | | 68,273 | |
AT&T, Inc. 2.75% 6/1/2031 | | | 58,116 | | | | 49,055 | |
AT&T, Inc. 2.25% 2/1/2032 | | | 32,537 | | | | 25,854 | |
AT&T, Inc. 2.55% 12/1/2033 | | | 18,907 | | | | 14,857 | |
AT&T, Inc. 5.40% 2/15/2034 | | | 20,076 | | | | 20,120 | |
AT&T, Inc. 3.50% 9/15/2053 | | | 58,356 | | | | 41,352 | |
Axiata SPV2 Berhad 2.163% 8/19/2030 | | | 4,883 | | | | 4,152 | |
Bharti Airtel International (Netherlands) BV 5.35% 5/20/2024 | | | 3,000 | | | | 2,981 | |
Bharti Airtel, Ltd. 4.375% 6/10/2025 | | | 3,000 | | | | 2,917 | |
CCO Holdings, LLC 5.375% 6/1/20292 | | | 2,700 | | | | 2,444 | |
CCO Holdings, LLC 4.75% 3/1/20302 | | | 9,665 | | | | 8,273 | |
CCO Holdings, LLC 4.50% 8/15/20302 | | | 18,675 | | | | 15,567 | |
CCO Holdings, LLC 4.75% 2/1/20322 | | | 8,000 | | | | 6,532 | |
CCO Holdings, LLC 4.50% 5/1/2032 | | | 2,225 | | | | 1,779 | |
CCO Holdings, LLC 4.25% 1/15/20342 | | | 21,825 | | | | 16,517 | |
Charter Communications Operating, LLC 4.908% 7/23/2025 | | | 165 | | | | 162 | |
Charter Communications Operating, LLC 2.25% 1/15/2029 | | | 7,734 | | | | 6,444 | |
Charter Communications Operating, LLC 2.80% 4/1/2031 | | | 41,711 | | | | 33,579 | |
Charter Communications Operating, LLC 2.30% 2/1/2032 | | | 13,963 | | | | 10,578 | |
Charter Communications Operating, LLC 4.40% 4/1/2033 | | | 11,385 | | | | 9,997 | |
Charter Communications Operating, LLC 6.484% 10/23/2045 | | | 6,850 | | | | 6,444 | |
Charter Communications Operating, LLC 5.125% 7/1/2049 | | | 18,943 | | | | 14,918 | |
Charter Communications Operating, LLC 4.80% 3/1/2050 | | | 5,000 | | | | 3,777 | |
Charter Communications Operating, LLC 3.70% 4/1/2051 | | | 28,727 | | | | 18,174 | |
Charter Communications Operating, LLC 3.90% 6/1/2052 | | | 2,900 | | | | 1,900 | |
Charter Communications Operating, LLC 5.25% 4/1/2053 | | | 5,000 | | | | 4,041 | |
Comcast Corp. 4.55% 1/15/2029 | | | 11,600 | | | | 11,397 | |
Comcast Corp. 2.65% 2/1/2030 | | | 20,000 | | | | 17,506 | |
Comcast Corp. 1.95% 1/15/2031 | | | 7,446 | | | | 6,095 | |
Comcast Corp. 1.50% 2/15/2031 | | | 1,000 | | | | 796 | |
Comcast Corp. 4.80% 5/15/2033 | | | 47,328 | | | | 46,853 | |
Comcast Corp. 3.75% 4/1/2040 | | | 8,930 | | | | 7,530 | |
Comcast Corp. 2.80% 1/15/2051 | | | 3,000 | | | | 1,988 | |
Comcast Corp. 2.887% 11/1/2051 | | | 8,473 | | | | 5,686 | |
Comcast Corp. 5.35% 5/15/2053 | | | 36,128 | | | | 36,715 | |
Comcast Corp. 5.50% 5/15/2064 | | | 1,800 | | | | 1,827 | |
CSC Holdings, LLC 5.375% 2/1/20282 | | | 4,850 | | | | 3,904 | |
Diamond Sports Group, LLC 5.375% 8/15/20262,4 | | | 3,500 | | | | 120 | |
DIRECTV Financing, LLC 5.875% 8/15/20272 | | | 8,750 | | | | 7,935 | |
DISH Network Corp. 11.75% 11/15/20272 | | | 14,925 | | | | 14,582 | |
Frontier Communications Holdings, LLC 6.00% 1/15/20302 | | | 2,000 | | | | 1,473 | |
Gray Escrow II, Inc. 5.375% 11/15/20312 | | | 5,950 | | | | 3,950 | |
Gray Television, Inc. 5.875% 7/15/20262 | | | 1,682 | | | | 1,510 | |
Gray Television, Inc. 4.75% 10/15/20302 | | | 8,418 | | | | 5,718 | |
iHeartCommunications, Inc. 6.375% 5/1/2026 | | | 8,475 | | | | 7,120 | |
Level 3 Financing, Inc. 3.75% 7/15/20292 | | | 3,053 | | | | 1,842 | |
Level 3 Financing, Inc. 3.875% 11/15/20292 | | | 6,900 | | | | 5,498 | |
Lumen Technologies, Inc. 4.00% 2/15/20272 | | | 5,775 | | | | 4,310 | |
Meta Platforms, Inc. 3.85% 8/15/2032 | | | 16,390 | | | | 15,232 | |
Meta Platforms, Inc. 4.45% 8/15/2052 | | | 25,000 | | | | 21,755 | |
Midas OpCo Holdings, LLC 5.625% 8/15/20292 | | | 3,500 | | | | 2,999 | |
20 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Communication services (continued) | | | | | | | | |
Netflix, Inc. 4.875% 4/15/2028 | | USD | 106,571 | | | $ | 105,498 | |
Netflix, Inc. 5.875% 11/15/2028 | | | 218,460 | | | | 226,172 | |
Netflix, Inc. 6.375% 5/15/2029 | | | 33,092 | | | | 35,041 | |
Netflix, Inc. 5.375% 11/15/20292 | | | 111,252 | | | | 111,770 | |
Netflix, Inc. 4.875% 6/15/20302 | | | 100,190 | | | | 98,687 | |
News Corp. 3.875% 5/15/20292 | | | 6,000 | | | | 5,273 | |
News Corp. 5.125% 2/15/20322 | | | 8,175 | | | | 7,467 | |
SBA Tower Trust 1.631% 11/15/20262 | | | 62,772 | | | | 54,222 | |
Scripps Escrow II, Inc. 3.875% 1/15/20292 | | | 7,921 | | | | 6,403 | |
Singapore Telecommunications, Ltd. 7.375% 12/1/2031 | | | 5,000 | | | | 5,878 | |
Sirius XM Radio, Inc. 4.00% 7/15/20282 | | | 4,300 | | | | 3,741 | |
Sirius XM Radio, Inc. 4.125% 7/1/20302 | | | 8,000 | | | | 6,540 | |
Sirius XM Radio, Inc. 3.875% 9/1/20312 | | | 5,000 | | | | 3,871 | |
SK Broadband Co., Ltd. 3.875% 8/13/2023 | | | 10,000 | | | | 9,977 | |
Sprint Capital Corp. 6.875% 11/15/2028 | | | 5,000 | | | | 5,304 | |
Sprint Capital Corp. 8.75% 3/15/2032 | | | 4,500 | | | | 5,444 | |
Sprint Corp. 7.875% 9/15/2023 | | | 6,163 | | | | 6,183 | |
Sprint Corp. 7.125% 6/15/2024 | | | 10,010 | | | | 10,109 | |
Sprint Corp. 7.625% 2/15/2025 | | | 39,000 | | | | 39,872 | |
TEGNA, Inc. 5.00% 9/15/2029 | | | 8,500 | | | | 7,341 | |
Tencent Holdings, Ltd. 3.28% 4/11/20242 | | | 15,000 | | | | 14,715 | |
Tencent Holdings, Ltd. 3.28% 4/11/2024 | | | 2,000 | | | | 1,962 | |
Tencent Holdings, Ltd. 3.595% 1/19/2028 | | | 7,500 | | | | 6,984 | |
Tencent Holdings, Ltd. 2.39% 6/3/20302 | | | 20,000 | | | | 16,626 | |
Tencent Holdings, Ltd. 3.68% 4/22/2041 | | | 794 | | | | 615 | |
Tencent Holdings, Ltd. 3.24% 6/3/20502 | | | 9,870 | | | | 6,484 | |
Tencent Holdings, Ltd. 3.29% 6/3/20602 | | | 10,000 | | | | 6,209 | |
T-Mobile USA, Inc. 3.50% 4/15/2025 | | | 6,550 | | | | 6,301 | |
T-Mobile USA, Inc. 1.50% 2/15/2026 | | | 4,900 | | | | 4,429 | |
T-Mobile USA, Inc. 2.25% 2/15/2026 | | | 13,438 | | | | 12,360 | |
T-Mobile USA, Inc. 2.625% 4/15/2026 | | | 61,189 | | | | 56,762 | |
T-Mobile USA, Inc. 3.75% 4/15/2027 | | | 21,300 | | | | 20,173 | |
T-Mobile USA, Inc. 4.75% 2/1/2028 | | | 4,566 | | | | 4,440 | |
T-Mobile USA, Inc. 2.05% 2/15/2028 | | | 221 | | | | 192 | |
T-Mobile USA, Inc. 4.80% 7/15/2028 | | | 1,270 | | | | 1,244 | |
T-Mobile USA, Inc. 2.625% 2/15/2029 | | | 17,611 | | | | 15,311 | |
T-Mobile USA, Inc. 2.40% 3/15/2029 | | | 6,204 | | | | 5,336 | |
T-Mobile USA, Inc. 3.375% 4/15/2029 | | | 8,000 | | | | 7,232 | |
T-Mobile USA, Inc. 3.875% 4/15/2030 | | | 18,318 | | | | 16,887 | |
T-Mobile USA, Inc. 2.55% 2/15/2031 | | | 20,700 | | | | 17,213 | |
T-Mobile USA, Inc. 2.875% 2/15/2031 | | | 38,764 | | | | 32,801 | |
T-Mobile USA, Inc. 3.50% 4/15/2031 | | | 10,000 | | | | 8,834 | |
T-Mobile USA, Inc. 2.70% 3/15/2032 | | | 14,779 | | | | 12,217 | |
T-Mobile USA, Inc. 5.05% 7/15/2033 | | | 15,402 | | | | 15,130 | |
T-Mobile USA, Inc. 3.00% 2/15/2041 | | | 10,790 | | | | 7,895 | |
T-Mobile USA, Inc. 3.30% 2/15/2051 | | | 5,951 | | | | 4,180 | |
T-Mobile USA, Inc. 3.40% 10/15/2052 | | | 45,302 | | | | 32,375 | |
T-Mobile USA, Inc. 5.75% 1/15/2054 | | | 165 | | | | 171 | |
Verizon Communications, Inc. 3.00% 3/22/2027 | | | 1,287 | | | | 1,201 | |
Verizon Communications, Inc. 4.329% 9/21/2028 | | | 13,420 | | | | 12,944 | |
Verizon Communications, Inc. 3.875% 2/8/2029 | | | 2,071 | | | | 1,943 | |
Verizon Communications, Inc. 4.016% 12/3/2029 | | | 1,981 | | | | 1,856 | |
Verizon Communications, Inc. 1.68% 10/30/2030 | | | 17,479 | | | | 13,811 | |
Verizon Communications, Inc. 1.75% 1/20/2031 | | | 22,494 | | | | 17,755 | |
Verizon Communications, Inc. 2.55% 3/21/2031 | | | 333 | | | | 278 | |
Verizon Communications, Inc. 2.355% 3/15/2032 | | | 330 | | | | 266 | |
Verizon Communications, Inc. 2.65% 11/20/2040 | | | 31,001 | | | | 21,578 | |
Verizon Communications, Inc. 3.40% 3/22/2041 | | | 6,600 | | | | 5,098 | |
Verizon Communications, Inc. 2.85% 9/3/2041 | | | 10,183 | | | | 7,251 | |
Verizon Communications, Inc. 2.875% 11/20/2050 | | | 35,872 | | | | 23,402 | |
Verizon Communications, Inc. 3.55% 3/22/2051 | | | 10,300 | | | | 7,689 | |
Verizon Communications, Inc. 3.875% 3/1/2052 | | | 10,000 | | | | 7,895 | |
Videotron, Ltd. 5.375% 6/15/20242 | | | 3,100 | | | | 3,071 | |
Virgin Media Secured Finance PLC 5.50% 5/15/20292 | | | 5,000 | | | | 4,527 | |
Virgin Media Secured Finance PLC 4.50% 8/15/20302 | | | 500 | | | | 420 | |
VMED O2 UK Financing I PLC 4.25% 1/31/20312 | | | 5,475 | | | | 4,432 | |
Vodafone Group PLC 4.25% 9/17/2050 | | | 14,575 | | | | 11,710 | |
The Bond Fund of America | 21 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Communication services (continued) | | | | | | | | |
VZ Secured Financing BV 5.00% 1/15/20322 | | USD | 2,000 | | | $ | 1,613 | |
WarnerMedia Holdings, Inc. 3.428% 3/15/2024 | | | 41,644 | | | | 40,898 | |
WarnerMedia Holdings, Inc. 3.638% 3/15/2025 | | | 19,418 | | | | 18,740 | |
WarnerMedia Holdings, Inc. 3.755% 3/15/2027 | | | 78,574 | | | | 73,323 | |
WarnerMedia Holdings, Inc. 4.054% 3/15/2029 | | | 8,369 | | | | 7,654 | |
WarnerMedia Holdings, Inc. 4.279% 3/15/2032 | | | 21,107 | | | | 18,729 | |
WarnerMedia Holdings, Inc. 5.05% 3/15/2042 | | | 583 | | | | 492 | |
WarnerMedia Holdings, Inc. 5.141% 3/15/2052 | | | 21,872 | | | | 17,824 | |
WarnerMedia Holdings, Inc. 5.391% 3/15/2062 | | | 494 | | | | 403 | |
WMG Acquisition Corp. 3.75% 12/1/20292 | | | 5,000 | | | | 4,327 | |
WMG Acquisition Corp. 3.00% 2/15/20312 | | | 12,500 | | | | 10,123 | |
Ziggo BV 4.875% 1/15/20302 | | | 6,000 | | | | 4,985 | |
ZipRecruiter, Inc. 5.00% 1/15/20302 | | | 13,375 | | | | 11,402 | |
| | | | | | | 2,129,774 | |
| | | | | | | | |
Industrials 2.59% | | | | | | | | |
Adani Ports & Special Economic Zone, Ltd. 3.375% 7/24/2024 | | | 3,000 | | | | 2,867 | |
Adani Ports & Special Economic Zone, Ltd. 4.00% 7/30/2027 | | | 3,000 | | | | 2,544 | |
Adani Ports & Special Economic Zone, Ltd. 4.375% 7/3/2029 | | | 2,000 | | | | 1,622 | |
ADT Security Corp. 4.125% 8/1/20292 | | | 3,000 | | | | 2,595 | |
ADT Security Corp. 4.875% 7/15/20322 | | | 3,000 | | | | 2,569 | |
Air Lease Corp. 0.80% 8/18/2024 | | | 17,900 | | | | 16,868 | |
Air Lease Corp. 2.875% 1/15/2026 | | | 25,208 | | | | 23,334 | |
Air Lease Corp. 2.20% 1/15/2027 | | | 21,674 | | | | 19,237 | |
Air Lease Corp. 5.30% 2/1/2028 | | | 26,000 | | | | 25,536 | |
Air Lease Corp. 2.10% 9/1/2028 | | | 13,775 | | | | 11,454 | |
Allison Transmission, Inc. 3.75% 1/30/20312 | | | 4,000 | | | | 3,383 | |
Avolon Holdings Funding, Ltd. 3.95% 7/1/20242 | | | 36,469 | | | | 35,390 | |
Avolon Holdings Funding, Ltd. 2.125% 2/21/20262 | | | 35,436 | | | | 31,520 | |
Avolon Holdings Funding, Ltd. 4.25% 4/15/20262 | | | 9,306 | | | | 8,676 | |
Avolon Holdings Funding, Ltd. 4.375% 5/1/20262 | | | 4,425 | | | | 4,138 | |
Avolon Holdings Funding, Ltd. 3.25% 2/15/20272 | | | 16,000 | | | | 14,269 | |
Avolon Holdings Funding, Ltd. 2.528% 11/18/20272 | | | 2,795 | | | | 2,359 | |
Avolon Holdings Funding, Ltd. 2.75% 2/21/20282 | | | 20,000 | | | | 16,870 | |
BOC Aviation, Ltd. 4.00% 1/25/2024 | | | 3,000 | | | | 2,964 | |
Boeing Co. 1.95% 2/1/2024 | | | 2,850 | | | | 2,786 | |
Boeing Co. 2.80% 3/1/2024 | | | 3,485 | | | | 3,413 | |
Boeing Co. 4.875% 5/1/2025 | | | 93,189 | | | | 91,896 | |
Boeing Co. 2.75% 2/1/2026 | | | 151,095 | | | | 140,766 | |
Boeing Co. 2.196% 2/4/2026 | | | 109,362 | | | | 100,419 | |
Boeing Co. 3.10% 5/1/2026 | | | 1,626 | | | | 1,528 | |
Boeing Co. 2.70% 2/1/2027 | | | 11,304 | | | | 10,338 | |
Boeing Co. 5.04% 5/1/2027 | | | 56,328 | | | | 55,668 | |
Boeing Co. 3.25% 2/1/2028 | | | 105,979 | | | | 97,374 | |
Boeing Co. 3.25% 3/1/2028 | | | 10,176 | | | | 9,264 | |
Boeing Co. 5.15% 5/1/2030 | | | 145,909 | | | | 144,596 | |
Boeing Co. 3.625% 2/1/2031 | | | 9,818 | | | | 8,846 | |
Boeing Co. 3.60% 5/1/2034 | | | 6,790 | | | | 5,783 | |
Boeing Co. 3.25% 2/1/2035 | | | 2,022 | | | | 1,641 | |
Boeing Co. 3.50% 3/1/2039 | | | 545 | | | | 415 | |
Boeing Co. 5.705% 5/1/2040 | | | 11,044 | | | | 11,025 | |
Boeing Co. 3.90% 5/1/2049 | | | 8,665 | | | | 6,631 | |
Boeing Co. 3.75% 2/1/2050 | | | 4,934 | | | | 3,709 | |
Boeing Co. 5.805% 5/1/2050 | | | 68,100 | | | | 67,909 | |
Boeing Co. 5.93% 5/1/2060 | | | 2,000 | | | | 1,982 | |
Burlington Northern Santa Fe, LLC 3.05% 2/15/2051 | | | 7,293 | | | | 5,182 | |
Burlington Northern Santa Fe, LLC 3.30% 9/15/2051 | | | 36,427 | | | | 27,237 | |
Burlington Northern Santa Fe, LLC 2.875% 6/15/2052 | | | 1,425 | | | | 976 | |
BWX Technologies, Inc. 4.125% 6/30/20282 | | | 1,675 | | | | 1,530 | |
Canadian Pacific Railway Co. 1.75% 12/2/2026 | | | 12,512 | | | | 11,250 | |
Canadian Pacific Railway Co. 3.10% 12/2/2051 | | | 39,192 | | | | 27,856 | |
Carrier Global Corp. 2.242% 2/15/2025 | | | 1,029 | | | | 974 | |
Carrier Global Corp. 2.493% 2/15/2027 | | | 1,332 | | | | 1,215 | |
Carrier Global Corp. 2.722% 2/15/2030 | | | 15,767 | | | | 13,584 | |
Carrier Global Corp. 3.377% 4/5/2040 | | | 15,500 | | | | 11,911 | |
Carrier Global Corp. 3.577% 4/5/2050 | | | 3,000 | | | | 2,220 | |
22 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Industrials (continued) | | | | | | | | |
CCCI Treasure, Ltd. 3.425% perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 4.998% on 2/21/2025)1 | | USD | 3,000 | | | $ | 2,884 | |
CITIC, Ltd. 2.875% 2/17/2027 | | | 1,250 | | | | 1,158 | |
CK Hutchison International (19), Ltd. 3.25% 4/11/2024 | | | 5,000 | | | | 4,908 | |
CK Hutchison International (20), Ltd. 3.375% 5/8/2050 | | | 3,200 | | | | 2,428 | |
CK Hutchison International (23), Ltd. 4.75% 4/21/20282 | | | 9,430 | | | | 9,330 | |
CK Hutchison International (23), Ltd. 4.75% 4/21/2028 | | | 7,500 | | | | 7,420 | |
CK Hutchison International 19 II, Ltd. 3.375% 9/6/2049 | | | 1,800 | | | | 1,380 | |
Clean Harbors, Inc. 4.875% 7/15/20272 | | | 1,100 | | | | 1,054 | |
Clean Harbors, Inc. 5.125% 7/15/20292 | | | 10,000 | | | | 9,478 | |
Clean Harbors, Inc. 6.375% 2/1/20312 | | | 808 | | | | 814 | |
Competition Team Technologies, Ltd. 3.75% 3/12/2024 | | | 17,800 | | | | 17,508 | |
Competition Team Technologies, Ltd. 4.25% 3/12/2029 | | | 3,000 | | | | 2,813 | |
Covanta Holding Corp., Term Loan B, (3-month USD CME Term SOFR + 3.00%) 8.174% 11/30/20283,7 | | | 6,239 | | | | 6,189 | |
Covanta Holding Corp., Term Loan C, (3-month USD CME Term SOFR + 3.00%) 8.30% 11/30/20283,7 | | | 549 | | | | 544 | |
CSX Corp. 3.80% 3/1/2028 | | | 2,460 | | | | 2,344 | |
CSX Corp. 4.25% 3/15/2029 | | | 4,277 | | | | 4,144 | |
CSX Corp. 2.40% 2/15/2030 | | | 17,855 | | | | 15,440 | |
CSX Corp. 4.10% 11/15/2032 | | | 43,875 | | | | 41,537 | |
CSX Corp. 2.50% 5/15/2051 | | | 5,905 | | | | 3,764 | |
CSX Corp. 4.50% 11/15/2052 | | | 43,800 | | | | 39,615 | |
Delta Air Lines, Inc. 7.00% 5/1/20252 | | | 2,750 | | | | 2,811 | |
Dianjian Haiyu, Ltd. 4.30% perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 5.451% on 6/20/2024)1 | | | 5,000 | | | | 4,925 | |
Eaton Corp. 4.35% 5/18/2028 | | | 4,472 | | | | 4,391 | |
Eaton Corp. 4.15% 3/15/2033 | | | 4,989 | | | | 4,742 | |
Eaton Corp. 4.70% 8/23/2052 | | | 186 | | | | 179 | |
ENA Master Trust 4.00% 5/19/20482 | | | 7,654 | | | | 5,755 | |
Fortune Brands Innovations, Inc. 5.875% 6/1/2033 | | | 8,000 | | | | 8,014 | |
General Dynamics Corp. 3.50% 5/15/2025 | | | 8,025 | | | | 7,797 | |
General Dynamics Corp. 3.75% 5/15/2028 | | | 5,969 | | | | 5,722 | |
General Dynamics Corp. 3.625% 4/1/2030 | | | 5,879 | | | | 5,543 | |
General Dynamics Corp. 2.25% 6/1/2031 | | | 2,377 | | | | 2,002 | |
Honeywell International, Inc. 2.30% 8/15/2024 | | | 3,387 | | | | 3,275 | |
Honeywell International, Inc. 1.35% 6/1/2025 | | | 165 | | | | 154 | |
Honeywell International, Inc. 2.70% 8/15/2029 | | | 7,083 | | | | 6,309 | |
Honeywell International, Inc. 1.95% 6/1/2030 | | | 20,000 | | | | 16,823 | |
Honeywell International, Inc. 5.00% 2/15/2033 | | | 7,500 | | | | 7,652 | |
Howmet Aerospace, Inc. 5.95% 2/1/2037 | | | 29,000 | | | | 29,558 | |
Hutchison Whampoa International (14), Ltd. 3.625% 10/31/2024 | | | 6,821 | | | | 6,641 | |
Icahn Enterprises, LP 4.75% 9/15/2024 | | | 2,966 | | | | 2,837 | |
Icahn Enterprises, LP 6.25% 5/15/2026 | | | 11,205 | | | | 10,208 | |
Icahn Enterprises, LP 5.25% 5/15/2027 | | | 995 | | | | 859 | |
Lima Metro Line 2 Finance, Ltd. 5.875% 7/5/20342 | | | 2,371 | | | | 2,308 | |
Lima Metro Line 2 Finance, Ltd. 5.875% 7/5/2034 | | | 505 | | | | 491 | |
Lima Metro Line 2 Finance, Ltd. 4.35% 4/5/20362 | | | 2,771 | | | | 2,450 | |
Lima Metro Line 2 Finance, Ltd. 4.35% 4/5/2036 | | | 2,181 | | | | 1,928 | |
Lockheed Martin Corp. 5.10% 11/15/2027 | | | 835 | | | | 850 | |
Lockheed Martin Corp. 1.85% 6/15/2030 | | | 1,637 | | | | 1,363 | |
Lockheed Martin Corp. 5.25% 1/15/2033 | | | 53,654 | | | | 55,606 | |
Lockheed Martin Corp. 4.75% 2/15/2034 | | | 1,437 | | | | 1,434 | |
Lockheed Martin Corp. 5.70% 11/15/2054 | | | 21,710 | | | | 24,123 | |
Lockheed Martin Corp. 5.20% 2/15/2055 | | | 2,087 | | | | 2,156 | |
Lockheed Martin Corp. 5.90% 11/15/2063 | | | 503 | | | | 573 | |
Masco Corp. 1.50% 2/15/2028 | | | 795 | | | | 677 | |
Masco Corp. 2.00% 2/15/2031 | | | 9,092 | | | | 7,178 | |
Masco Corp. 3.125% 2/15/2051 | | | 1,575 | | | | 994 | |
Mexico City Airport Trust 4.25% 10/31/2026 | | | 200 | | | | 193 | |
Mexico City Airport Trust 3.875% 4/30/2028 | | | 11,400 | | | | 10,760 | |
Mexico City Airport Trust 3.875% 4/30/20282 | | | 690 | | | | 651 | |
Mexico City Airport Trust 5.50% 10/31/2046 | | | 3,106 | | | | 2,681 | |
Mexico City Airport Trust 5.50% 7/31/2047 | | | 14,409 | | | | 12,605 | |
Mexico City Airport Trust 5.50% 7/31/20472 | | | 2,485 | | | | 2,174 | |
Mileage Plus Holdings, LLC 6.50% 6/20/20272 | | | 8,352 | | | | 8,380 | |
MISC Capital Two (Labuan), Ltd. 3.75% 4/6/20272 | | | 16,872 | | | | 15,800 | |
The Bond Fund of America | 23 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Industrials (continued) | | | | | | | | |
MISC Capital Two (Labuan), Ltd. 3.75% 4/6/2027 | | USD | 5,000 | | | $ | 4,682 | |
Norfolk Southern Corp. 4.45% 3/1/2033 | | | 2,194 | | | | 2,102 | |
Norfolk Southern Corp. 4.55% 6/1/2053 | | | 15,762 | | | | 14,258 | |
Northrop Grumman Corp. 2.93% 1/15/2025 | | | 15,040 | | | | 14,461 | |
Northrop Grumman Corp. 3.25% 1/15/2028 | | | 8,475 | | | | 7,909 | |
Northrop Grumman Corp. 4.70% 3/15/2033 | | | 29,043 | | | | 28,519 | |
Northrop Grumman Corp. 4.95% 3/15/2053 | | | 15,969 | | | | 15,572 | |
Otis Worldwide Corp. 2.056% 4/5/2025 | | | 21,882 | | | | 20,633 | |
Pitney Bowes, Inc. 6.875% 3/15/20272 | | | 6,000 | | | | 4,449 | |
Prime Security Services Borrower, LLC 5.25% 4/15/20242 | | | 2,000 | | | | 1,985 | |
Prime Security Services Borrower, LLC 5.75% 4/15/20262 | | | 2,000 | | | | 1,965 | |
Prime Security Services Borrower, LLC 3.375% 8/31/20272 | | | 3,100 | | | | 2,737 | |
Raytheon Technologies Corp. 3.65% 8/16/2023 | | | 464 | | | | 463 | |
Raytheon Technologies Corp. 3.20% 3/15/2024 | | | 10,380 | | | | 10,207 | |
Raytheon Technologies Corp. 3.95% 8/16/2025 | | | 17,415 | | | | 17,070 | |
Raytheon Technologies Corp. 3.125% 5/4/2027 | | | 1,000 | | | | 937 | |
Raytheon Technologies Corp. 4.125% 11/16/2028 | | | 6,320 | | | | 6,091 | |
Raytheon Technologies Corp. 2.25% 7/1/2030 | | | 3,750 | | | | 3,166 | |
Raytheon Technologies Corp. 1.90% 9/1/2031 | | | 10,321 | | | | 8,247 | |
Raytheon Technologies Corp. 2.375% 3/15/2032 | | | 7,474 | | | | 6,129 | |
Raytheon Technologies Corp. 5.15% 2/27/2033 | | | 22,242 | | | | 22,556 | |
Raytheon Technologies Corp. 4.50% 6/1/2042 | | | 1,375 | | | | 1,267 | |
Raytheon Technologies Corp. 2.82% 9/1/2051 | | | 3,750 | | | | 2,522 | |
Raytheon Technologies Corp. 3.03% 3/15/2052 | | | 7,000 | | | | 4,928 | |
Raytheon Technologies Corp. 5.375% 2/27/2053 | | | 1,194 | | | | 1,241 | |
Republic Services, Inc. 2.50% 8/15/2024 | | | 7,000 | | | | 6,755 | |
Republic Services, Inc. 4.875% 4/1/2029 | | | 7,000 | | | | 6,994 | |
Republic Services, Inc. 2.375% 3/15/2033 | | | 1,252 | | | | 1,019 | |
Ritchie Bros. Holdings, Inc. 7.75% 3/15/20312 | | | 1,511 | | | | 1,569 | |
Rutas 2 & 7 Finance, Ltd. 0% 9/30/20362 | | | 1,615 | | | | 1,059 | |
Ste Transcore Holdings, Inc. 3.375% 5/5/20278 | | | 3,000 | | | | 2,848 | |
Stericycle, Inc. 5.375% 7/15/20242 | | | 5,000 | | | | 4,940 | |
Summit Digitel Infrastructure Pvt, Ltd. 2.875% 8/12/20312 | | | 14,355 | | | | 11,358 | |
Swire Pacific MTN Financing, Ltd. 4.50% 10/9/2023 | | | 2,662 | | | | 2,653 | |
The Dun & Bradstreet Corp. 5.00% 12/15/20292 | | | 16,863 | | | | 14,887 | |
TransDigm, Inc. 6.25% 3/15/20262 | | | 656 | | | | 653 | |
Triton Container International, Ltd. 1.15% 6/7/20242 | | | 8,063 | | | | 7,648 | |
Triton Container International, Ltd. 3.15% 6/15/20312 | | | 15,346 | | | | 11,823 | |
TSMC Arizona Corp. 4.25% 4/22/2032 | | | 8,000 | | | | 7,761 | |
TSMC Arizona Corp. 3.125% 10/25/2041 | | | 5,000 | | | | 3,998 | |
TSMC Arizona Corp. 3.25% 10/25/2051 | | | 11,000 | | | | 8,464 | |
Union Pacific Corp. 3.15% 3/1/2024 | | | 5,705 | | | | 5,614 | |
Union Pacific Corp. 3.75% 7/15/2025 | | | 2,230 | | | | 2,166 | |
Union Pacific Corp. 2.15% 2/5/2027 | | | 5,533 | | | | 5,059 | |
Union Pacific Corp. 2.375% 5/20/2031 | | | 23,375 | | | | 19,788 | |
Union Pacific Corp. 2.80% 2/14/2032 | | | 16,869 | | | | 14,566 | |
Union Pacific Corp. 4.50% 1/20/2033 | | | 1,050 | | | | 1,033 | |
Union Pacific Corp. 2.891% 4/6/2036 | | | 9,276 | | | | 7,407 | |
Union Pacific Corp. 3.375% 2/14/2042 | | | 428 | | | | 343 | |
Union Pacific Corp. 4.30% 3/1/2049 | | | 1,698 | | | | 1,497 | |
Union Pacific Corp. 3.25% 2/5/2050 | | | 27,698 | | | | 20,732 | |
Union Pacific Corp. 2.95% 3/10/2052 | | | 7,956 | | | | 5,530 | |
Union Pacific Corp. 3.50% 2/14/2053 | | | 5,336 | | | | 4,132 | |
Union Pacific Corp. 3.95% 8/15/2059 | | | 3,268 | | | | 2,649 | |
Waste Management, Inc. 4.15% 4/15/2032 | | | 1,103 | | | | 1,052 | |
WESCO Distribution, Inc. 7.125% 6/15/20252 | | | 2,165 | | | | 2,190 | |
WESCO Distribution, Inc. 7.25% 6/15/20282 | | | 4,355 | | | | 4,446 | |
| | | | | | | 1,961,172 | |
| | | | | | | | |
Energy 2.00% | | | | | | | | |
Antero Resources Corp. 5.375% 3/1/20302 | | | 5,735 | | | | 5,314 | |
Apache Corp. 4.25% 1/15/2030 | | | 9,050 | | | | 8,069 | |
Apache Corp. 6.00% 1/15/2037 | | | 6,135 | | | | 5,531 | |
Apache Corp. 5.10% 9/1/2040 | | | 4,860 | | | | 3,955 | |
Apache Corp. 4.75% 4/15/2043 | | | 15,000 | | | | 11,048 | |
Baker Hughes Holdings, LLC 2.061% 12/15/2026 | | | 397 | | | | 358 | |
Bharat Petroleum Corp., Ltd. 4.00% 5/8/2025 | | | 5,599 | | | | 5,410 | |
24 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Energy (continued) | | | | | | | | |
BP Capital Markets America, Inc. 2.721% 1/12/2032 | | USD | 17,670 | | | $ | 15,012 | |
BP Capital Markets America, Inc. 4.893% 9/11/2033 | | | 26,842 | | | | 26,578 | |
BP Capital Markets America, Inc. 2.772% 11/10/2050 | | | 451 | | | | 299 | |
Canadian Natural Resources, Ltd. 3.80% 4/15/2024 | | | 10,500 | | | | 10,331 | |
Canadian Natural Resources, Ltd. 2.05% 7/15/2025 | | | 4,543 | | | | 4,233 | |
Canadian Natural Resources, Ltd. 3.85% 6/1/2027 | | | 8,484 | | | | 8,017 | |
Canadian Natural Resources, Ltd. 2.95% 7/15/2030 | | | 1,798 | | | | 1,545 | |
Canadian Natural Resources, Ltd. 4.95% 6/1/2047 | | | 179 | | | | 160 | |
Cenovus Energy, Inc. 5.375% 7/15/2025 | | | 32,721 | | | | 32,357 | |
Cenovus Energy, Inc. 4.25% 4/15/2027 | | | 43,338 | | | | 41,471 | |
Cenovus Energy, Inc. 5.25% 6/15/2037 | | | 2,189 | | | | 2,019 | |
Cenovus Energy, Inc. 5.40% 6/15/2047 | | | 21,405 | | | | 19,408 | |
Cenovus Energy, Inc. 3.75% 2/15/2052 | | | 4,199 | | | | 2,977 | |
Cheniere Corpus Christi Holdings, LLC 3.70% 11/15/2029 | | | 3,388 | | | | 3,071 | |
Cheniere Energy Partners, LP 4.50% 10/1/2029 | | | 5,050 | | | | 4,639 | |
Cheniere Energy, Inc. 4.625% 10/15/2028 | | | 8,875 | | | | 8,296 | |
Chesapeake Energy Corp. 5.50% 2/1/20262 | | | 1,405 | | | | 1,371 | |
Chesapeake Energy Corp. 5.875% 2/1/20292 | | | 1,210 | | | | 1,150 | |
Chevron Corp. 2.954% 5/16/2026 | | | 25,490 | | | | 24,273 | |
Chevron Corp. 1.995% 5/11/2027 | | | 22,156 | | | | 20,131 | |
Chevron Corp. 2.236% 5/11/2030 | | | 20,643 | | | | 17,987 | |
Chevron Corp. 3.078% 5/11/2050 | | | 3,943 | | | | 2,940 | |
Chevron USA, Inc. 1.018% 8/12/2027 | | | 4,385 | | | | 3,815 | |
Civitas Resources, Inc. 8.75% 7/1/20312 | | | 10,300 | | | | 10,455 | |
CNX Resources Corp. 7.25% 3/14/20272 | | | 20 | | | | 20 | |
CNX Resources Corp. 6.00% 1/15/20292 | | | 1,608 | | | | 1,492 | |
CNX Resources Corp. 7.375% 1/15/20312 | | | 1,437 | | | | 1,400 | |
ConocoPhillips Co. 3.80% 3/15/2052 | | | 25,404 | | | | 20,603 | |
ConocoPhillips Co. 5.30% 5/15/2053 | | | 28,695 | | | | 29,213 | |
Constellation Oil Services Holding SA 4.00% PIK 12/31/20269 | | | 1,440 | | | | 853 | |
Crescent Energy Finance, LLC 9.25% 2/15/20282 | | | 1,624 | | | | 1,577 | |
Devon Energy Corp. 5.25% 9/15/2024 | | | 638 | | | | 633 | |
Devon Energy Corp. 5.25% 10/15/2027 | | | 1,624 | | | | 1,601 | |
Devon Energy Corp. 5.875% 6/15/2028 | | | 1,347 | | | | 1,343 | |
Devon Energy Corp. 4.50% 1/15/2030 | | | 1,947 | | | | 1,835 | |
DT Midstream, Inc. 4.125% 6/15/20292 | | | 5,685 | | | | 4,994 | |
DT Midstream, Inc. 4.375% 6/15/20312 | | | 745 | | | | 643 | |
Ecopetrol SA 8.625% 1/19/2029 | | | 2,000 | | | | 2,007 | |
Ecopetrol SA 4.625% 11/2/2031 | | | 1,870 | | | | 1,445 | |
Ecopetrol SA 8.875% 1/13/2033 | | | 131,045 | | | | 129,878 | |
Enbridge, Inc. 4.00% 10/1/2023 | | | 10,100 | | | | 10,061 | |
Energy Transfer, LP 4.50% 4/15/2024 | | | 2,975 | | | | 2,941 | |
Energy Transfer, LP 6.625% junior subordinated perpetual bonds (3-month USD-LIBOR + 4.155% on 2/15/2028)1 | | | 12,000 | | | | 9,226 | |
EQM Midstream Partners, LP 7.50% 6/1/20272 | | | 2,168 | | | | 2,191 | |
EQM Midstream Partners, LP 5.50% 7/15/2028 | | | 8,300 | | | | 7,861 | |
EQM Midstream Partners, LP 4.50% 1/15/20292 | | | 5,120 | | | | 4,572 | |
EQM Midstream Partners, LP 6.50% 7/15/2048 | | | 6,000 | | | | 5,435 | |
EQT Corp. 6.125% 2/1/20251 | | | 3,216 | | | | 3,201 | |
EQT Corp. 3.90% 10/1/2027 | | | 11,000 | | | | 10,180 | |
EQT Corp. 5.70% 4/1/2028 | | | 8,267 | | | | 8,168 | |
EQT Corp. 5.00% 1/15/2029 | | | 1,175 | | | | 1,107 | |
EQT Corp. 7.25% 2/1/20301 | | | 15,000 | | | | 15,719 | |
Equinor ASA 3.625% 9/10/2028 | | | 8,379 | | | | 8,001 | |
Equinor ASA 3.125% 4/6/2030 | | | 22,503 | | | | 20,620 | |
Equinor ASA 2.375% 5/22/2030 | | | 3,444 | | | | 2,993 | |
Equinor ASA 3.25% 11/18/2049 | | | 5,687 | | | | 4,276 | |
Exxon Mobil Corp. 2.61% 10/15/2030 | | | 27,900 | | | | 24,515 | |
Exxon Mobil Corp. 4.227% 3/19/2040 | | | 2,000 | | | | 1,845 | |
Exxon Mobil Corp. 3.452% 4/15/2051 | | | 22,797 | | | | 17,729 | |
Harvest Midstream I, LP 7.50% 9/1/20282 | | | 1,988 | | | | 1,973 | |
Hilcorp Energy I, LP 5.75% 2/1/20292 | | | 2,125 | | | | 1,926 | |
Hilcorp Energy I, LP 6.25% 4/15/20322 | | | 9,000 | | | | 8,036 | |
Kinder Morgan, Inc. 5.20% 6/1/2033 | | | 26,443 | | | | 25,638 | |
Marathon Oil Corp. 4.40% 7/15/2027 | | | 5,755 | | | | 5,492 | |
Matador Resources Co. 6.875% 4/15/20282 | | | 4,950 | | | | 4,905 | |
MPLX, LP 4.95% 9/1/2032 | | | 104 | | | | 99 | |
The Bond Fund of America | 25 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Energy (continued) | | | | | | | | |
MPLX, LP 4.95% 3/14/2052 | | USD | 28 | | | $ | 24 | |
Murphy Oil Corp. 6.375% 7/15/2028 | | | 8,741 | | | | 8,624 | |
Murphy Oil Corp. 5.875% 12/1/20421 | | | 1,395 | | | | 1,161 | |
Murphy Oil USA, Inc. 3.75% 2/15/20312 | | | 10,160 | | | | 8,525 | |
MV24 Capital BV 6.748% 6/1/20342 | | | 1,669 | | | | 1,507 | |
New Fortress Energy, Inc. 6.75% 9/15/20252 | | | 4,000 | | | | 3,756 | |
New Fortress Energy, Inc. 6.50% 9/30/20262 | | | 6,595 | | | | 5,908 | |
NGL Energy Operating, LLC 7.50% 2/1/20262 | | | 6,555 | | | | 6,463 | |
Noble Finance II, LLC 8.00% 4/15/20302 | | | 1,850 | | | | 1,883 | |
Occidental Petroleum Corp. 8.875% 7/15/2030 | | | 34,500 | | | | 39,685 | |
Occidental Petroleum Corp. 6.45% 9/15/2036 | | | 5,000 | | | | 5,139 | |
Occidental Petroleum Corp. 4.20% 3/15/2048 | | | 4,250 | | | | 3,155 | |
Oil & Natural Gas Corp., Ltd. 3.375% 12/5/2029 | | | 5,000 | | | | 4,398 | |
Oleoducto Central SA 4.00% 7/14/20272 | | | 4,960 | | | | 4,349 | |
Oleoducto Central SA 4.00% 7/14/2027 | | | 4,569 | | | | 4,007 | |
ONEOK, Inc. 5.85% 1/15/2026 | | | 432 | | | | 434 | |
ONGC Videsh, Ltd. 4.625% 7/15/2024 | | | 401 | | | | 395 | |
Petroleos Mexicanos 4.625% 9/21/2023 | | | 1,138 | | | | 1,128 | |
Petroleos Mexicanos 4.875% 1/18/2024 | | | 11,170 | | | | 10,986 | |
Petroleos Mexicanos 4.25% 1/15/2025 | | | 240 | | | | 227 | |
Petroleos Mexicanos 6.875% 10/16/2025 | | | 69,634 | | | | 66,945 | |
Petroleos Mexicanos 6.875% 8/4/2026 | | | 105,526 | | | | 98,641 | |
Petroleos Mexicanos 6.49% 1/23/2027 | | | 41,162 | | | | 36,610 | |
Petroleos Mexicanos 6.50% 3/13/2027 | | | 81,414 | | | | 72,497 | |
Petroleos Mexicanos 6.50% 1/23/2029 | | | 7,061 | | | | 5,859 | |
Petroleos Mexicanos 8.75% 6/2/2029 | | | 46,734 | | | | 42,327 | |
Petroleos Mexicanos 6.84% 1/23/2030 | | | 5,122 | | | | 4,077 | |
Petroleos Mexicanos 5.95% 1/28/2031 | | | 16,615 | | | | 12,151 | |
Petroleos Mexicanos 6.70% 2/16/2032 | | | 71,147 | | | | 54,160 | |
Phillips 66 3.85% 4/9/2025 | | | 1,253 | | | | 1,219 | |
Pioneer Natural Resources Co. 1.125% 1/15/2026 | | | 238 | | | | 214 | |
PTTEP Treasury Center Co., Ltd. 2.587% 6/10/20272 | | | 7,780 | | | | 7,081 | |
PTTEP Treasury Center Co., Ltd. 2.993% 1/15/2030 | | | 3,500 | | | | 3,127 | |
Qatar Energy 1.375% 9/12/20262 | | | 18,535 | | | | 16,691 | |
Qatar Energy 2.25% 7/12/20312 | | | 41,974 | | | | 35,256 | |
Qatar Energy 3.125% 7/12/20412 | | | 6,631 | | | | 5,088 | |
Qatar Energy 3.30% 7/12/20512 | | | 3,725 | | | | 2,742 | |
Reliance Industries, Ltd. 4.125% 1/28/2025 | | | 3,000 | | | | 2,926 | |
Reliance Industries, Ltd. 3.667% 11/30/2027 | | | 3,000 | | | | 2,816 | |
Reliance Industries, Ltd. 2.875% 1/12/2032 | | | 3,000 | | | | 2,504 | |
Reliance Industries, Ltd. 4.875% 2/10/2045 | | | 3,000 | | | | 2,714 | |
Reliance Industries, Ltd. 3.625% 1/12/2052 | | | 2,000 | | | | 1,429 | |
Reliance Industries, Ltd. 3.75% 1/12/2062 | | | 1,500 | | | | 1,057 | |
Sabine Pass Liquefaction, LLC 5.75% 5/15/2024 | | | 8,430 | | | | 8,418 | |
Sabine Pass Liquefaction, LLC 4.50% 5/15/2030 | | | 1,959 | | | | 1,864 | |
Shell International Finance BV 3.50% 11/13/2023 | | | 7,500 | | | | 7,445 | |
Shell International Finance BV 2.00% 11/7/2024 | | | 3,250 | | | | 3,112 | |
Shell International Finance BV 3.875% 11/13/2028 | | | 6,720 | | | | 6,505 | |
Shell International Finance BV 2.375% 11/7/2029 | | | 9,441 | | | | 8,256 | |
Shell International Finance BV 2.75% 4/6/2030 | | | 23,580 | | | | 21,078 | |
Shell International Finance BV 3.25% 4/6/2050 | | | 4,675 | | | | 3,483 | |
Shell International Finance BV 3.00% 11/26/2051 | | | 7,174 | | | | 5,062 | |
Southwestern Energy Co. 5.70% 1/23/20251 | | | 880 | | | | 876 | |
Southwestern Energy Co. 8.375% 9/15/2028 | | | 1,300 | | | | 1,355 | |
Southwestern Energy Co. 4.75% 2/1/2032 | | | 12,000 | | | | 10,593 | |
Sunoco, LP 6.00% 4/15/2027 | | | 4,210 | | | | 4,152 | |
Sunoco, LP 4.50% 5/15/2029 | | | 5,215 | | | | 4,633 | |
Tallgrass Energy Partners, LP 7.50% 10/1/20252 | | | 1,370 | | | | 1,369 | |
Targa Resources Partners, LP 6.875% 1/15/2029 | | | 6,000 | | | | 6,125 | |
Targa Resources Partners, LP 5.50% 3/1/2030 | | | 8,660 | | | | 8,342 | |
Targa Resources Partners, LP 4.875% 2/1/2031 | | | 2,190 | | | | 2,026 | |
Thaioil Treasury Center Co., Ltd. 4.625% 11/20/2028 | | | 4,252 | | | | 4,016 | |
Thaioil Treasury Center Co., Ltd. 5.375% 11/20/2048 | | | 2,000 | | | | 1,732 | |
Thaioil Treasury Center Co., Ltd. 3.50% 10/17/2049 | | | 6,000 | | | | 3,831 | |
Thaioil Treasury Center Co., Ltd. 3.75% 6/18/2050 | | | 10,748 | | | | 7,195 | |
TotalEnergies Capital International SA 3.455% 2/19/2029 | | | 4,700 | | | | 4,374 | |
TotalEnergies Capital International SA 2.829% 1/10/2030 | | | 10,340 | | | | 9,262 | |
26 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Energy (continued) | | | | | | | | |
TotalEnergies Capital International SA 3.461% 7/12/2049 | | USD | 2,600 | | | $ | 2,019 | |
TotalEnergies Capital International SA 3.127% 5/29/2050 | | | 6,238 | | | | 4,537 | |
TransCanada Pipelines, Ltd. 4.10% 4/15/2030 | | | 16,811 | | | | 15,628 | |
TransCanada Pipelines, Ltd. 5.10% 3/15/2049 | | | 4,630 | | | | 4,319 | |
Transportadora de Gas del Perú SA 4.25% 4/30/20282 | | | 2,535 | | | | 2,445 | |
Venture Global Calcasieu Pass, LLC 3.875% 11/1/20332 | | | 18,000 | | | | 14,764 | |
Weatherford International, Ltd. 6.50% 9/15/20282 | | | 3,000 | | | | 3,016 | |
Western Midstream Operating, LP 3.35% 2/1/20251 | | | 8,964 | | | | 8,577 | |
Western Midstream Operating, LP 4.30% 2/1/20301 | | | 6,606 | | | | 5,937 | |
Western Midstream Operating, LP 5.30% 3/1/2048 | | | 2,000 | | | | 1,673 | |
Western Midstream Operating, LP 5.50% 2/1/20501 | | | 15,036 | | | | 12,339 | |
| | | | | | | 1,510,710 | |
| | | | | | | | |
Consumer staples 1.32% | | | | | | | | |
7-Eleven, Inc. 0.95% 2/10/20262 | | | 14,555 | | | | 13,009 | |
7-Eleven, Inc. 1.30% 2/10/20282 | | | 9,246 | | | | 7,817 | |
7-Eleven, Inc. 1.80% 2/10/20312 | | | 62,577 | | | | 49,520 | |
7-Eleven, Inc. 2.80% 2/10/20512 | | | 8,505 | | | | 5,399 | |
Albertsons Companies, Inc. 3.50% 3/15/20292 | | | 8,727 | | | | 7,563 | |
Altria Group, Inc. 4.40% 2/14/2026 | | | 7,928 | | | | 7,761 | |
Altria Group, Inc. 3.40% 5/6/2030 | | | 1,827 | | | | 1,614 | |
Altria Group, Inc. 2.45% 2/4/2032 | | | 530 | | | | 414 | |
Altria Group, Inc. 4.50% 5/2/2043 | | | 100 | | | | 80 | |
Altria Group, Inc. 3.875% 9/16/2046 | | | 5,690 | | | | 3,994 | |
Altria Group, Inc. 3.70% 2/4/2051 | | | 19,793 | | | | 13,277 | |
Anheuser-Busch Companies, LLC 4.70% 2/1/2036 | | | 17,560 | | | | 17,092 | |
Anheuser-Busch Companies, LLC 4.90% 2/1/2046 | | | 7,692 | | | | 7,358 | |
Anheuser-Busch InBev Worldwide, Inc. 4.00% 4/13/2028 | | | 2,000 | | | | 1,936 | |
Anheuser-Busch InBev Worldwide, Inc. 4.75% 1/23/2029 | | | 46,001 | | | | 45,827 | |
Anheuser-Busch InBev Worldwide, Inc. 3.50% 6/1/2030 | | | 2,455 | | | | 2,285 | |
Anheuser-Busch InBev Worldwide, Inc. 4.90% 1/23/2031 | | | 3,000 | | | | 3,052 | |
Anheuser-Busch InBev Worldwide, Inc. 5.45% 1/23/2039 | | | 10,000 | | | | 10,356 | |
Anheuser-Busch InBev Worldwide, Inc. 4.60% 4/15/2048 | | | 1,194 | | | | 1,109 | |
Anheuser-Busch InBev Worldwide, Inc. 4.439% 10/6/2048 | | | 147 | | | | 132 | |
Anheuser-Busch InBev Worldwide, Inc. 5.55% 1/23/2049 | | | 2,979 | | | | 3,143 | |
Anheuser-Busch InBev Worldwide, Inc. 4.50% 6/1/2050 | | | 14,083 | | | | 13,006 | |
BAT Capital Corp. 3.222% 8/15/2024 | | | 41,000 | | | | 39,802 | |
BAT Capital Corp. 3.215% 9/6/2026 | | | 8,750 | | | | 8,137 | |
BAT Capital Corp. 3.557% 8/15/2027 | | | 45,322 | | | | 41,704 | |
BAT Capital Corp. 2.259% 3/25/2028 | | | 17,526 | | | | 15,033 | |
BAT Capital Corp. 3.462% 9/6/2029 | | | 960 | | | | 832 | |
BAT Capital Corp. 2.726% 3/25/2031 | | | 6,933 | | | | 5,525 | |
BAT Capital Corp. 4.742% 3/16/2032 | | | 17,000 | | | | 15,511 | |
BAT Capital Corp. 4.39% 8/15/2037 | | | 29,384 | | | | 23,528 | |
BAT Capital Corp. 4.54% 8/15/2047 | | | 21,852 | | | | 16,103 | |
BAT Capital Corp. 4.758% 9/6/2049 | | | 3,873 | | | | 2,928 | |
BAT Capital Corp. 3.984% 9/25/2050 | | | 19,476 | | | | 13,144 | |
BAT Capital Corp. 5.65% 3/16/2052 | | | 515 | | | | 448 | |
BAT International Finance PLC 3.95% 6/15/20252 | | | 20,022 | | | | 19,290 | |
BAT International Finance PLC 1.668% 3/25/2026 | | | 17,162 | | | | 15,439 | |
BAT International Finance PLC 4.448% 3/16/2028 | | | 18,500 | | | | 17,475 | |
Central Garden & Pet Co. 4.125% 10/15/2030 | | | 1,325 | | | | 1,112 | |
Conagra Brands, Inc. 4.30% 5/1/2024 | | | 22,027 | | | | 21,735 | |
Conagra Brands, Inc. 4.60% 11/1/2025 | | | 11,234 | | | | 10,985 | |
Conagra Brands, Inc. 1.375% 11/1/2027 | | | 3,559 | | | | 3,016 | |
Conagra Brands, Inc. 5.30% 11/1/2038 | | | 7,483 | | | | 7,198 | |
Conagra Brands, Inc. 5.40% 11/1/2048 | | | 6,403 | | | | 6,108 | |
Constellation Brands, Inc. 4.35% 5/9/2027 | | | 5,757 | | | | 5,617 | |
Constellation Brands, Inc. 3.60% 2/15/2028 | | | 1,650 | | | | 1,547 | |
Constellation Brands, Inc. 2.875% 5/1/2030 | | | 26,447 | | | | 22,961 | |
Constellation Brands, Inc. 2.25% 8/1/2031 | | | 5,951 | | | | 4,867 | |
Constellation Brands, Inc. 4.75% 5/9/2032 | | | 19,010 | | | | 18,460 | |
Constellation Brands, Inc. 4.90% 5/1/2033 | | | 19,120 | | | | 18,794 | |
Constellation Brands, Inc. 4.10% 2/15/2048 | | | 1,000 | | | | 816 | |
Coty, Inc. 4.75% 1/15/20292 | | | 275 | | | | 254 | |
Darling Ingredients, Inc. 5.25% 4/15/20272 | | | 6,000 | | | | 5,830 | |
Darling Ingredients, Inc. 6.00% 6/15/20302 | | | 755 | | | | 738 | |
The Bond Fund of America | 27 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Consumer staples (continued) | | | | | | | | |
H.J. Heinz Co. 3.00% 6/1/2026 | | USD | 2,599 | | | $ | 2,453 | |
H.J. Heinz Co. 4.375% 6/1/2046 | | | 16,000 | | | | 13,609 | |
Imperial Brands Finance PLC 6.125% 7/27/20272 | | | 10,150 | | | | 10,176 | |
Indofood CBP Sukses Makmur Tbk PT 3.398% 6/9/2031 | | | 17,570 | | | | 14,869 | |
Indofood CBP Sukses Makmur Tbk PT 4.745% 6/9/2051 | | | 8,185 | | | | 6,133 | |
Indofood CBP Sukses Makmur Tbk PT 4.805% 4/27/2052 | | | 809 | | | | 603 | |
InRetail Consumer 3.25% 3/22/20282 | | | 5,400 | | | | 4,642 | |
JBS USA Lux SA 2.50% 1/15/20272 | | | 29,702 | | | | 26,044 | |
JBS USA Lux SA 3.00% 2/2/20292 | | | 22,321 | | | | 18,984 | |
JBS USA Lux SA 5.50% 1/15/20302 | | | 2,375 | | | | 2,280 | |
JBS USA Lux SA 3.625% 1/15/20322 | | | 10,401 | | | | 8,449 | |
JBS USA Lux SA 3.00% 5/15/20322 | | | 18,250 | | | | 14,022 | |
JBS USA Lux SA 5.75% 4/1/20332 | | | 20,920 | | | | 19,682 | |
Keurig Dr Pepper, Inc. 4.417% 5/25/2025 | | | 1,028 | | | | 1,008 | |
Keurig Dr Pepper, Inc. 3.20% 5/1/2030 | | | 2,557 | | | | 2,295 | |
Nestle Holdings, Inc. 1.875% 9/14/20312 | | | 9,687 | | | | 7,925 | |
Nestle Holdings, Inc. 2.625% 9/14/20512 | | | 7,693 | | | | 5,288 | |
PepsiCo, Inc. 1.625% 5/1/2030 | | | 6,401 | | | | 5,324 | |
PepsiCo, Inc. 1.40% 2/25/2031 | | | 666 | | | | 536 | |
PepsiCo, Inc. 1.95% 10/21/2031 | | | 15,329 | | | | 12,694 | |
PepsiCo, Inc. 2.75% 10/21/2051 | | | 2,067 | | | | 1,485 | |
Philip Morris International, Inc. 1.50% 5/1/2025 | | | 274 | | | | 256 | |
Philip Morris International, Inc. 5.00% 11/17/2025 | | | 32,200 | | | | 32,047 | |
Philip Morris International, Inc. 4.875% 2/13/2026 | | | 17,505 | | | | 17,387 | |
Philip Morris International, Inc. 0.875% 5/1/2026 | | | 4,736 | | | | 4,227 | |
Philip Morris International, Inc. 5.125% 11/17/2027 | | | 16,175 | | | | 16,236 | |
Philip Morris International, Inc. 3.375% 8/15/2029 | | | 780 | | | | 705 | |
Philip Morris International, Inc. 5.625% 11/17/2029 | | | 15,422 | | | | 15,726 | |
Philip Morris International, Inc. 5.125% 2/15/2030 | | | 6,873 | | | | 6,802 | |
Philip Morris International, Inc. 2.10% 5/1/2030 | | | 3,718 | | | | 3,079 | |
Philip Morris International, Inc. 1.75% 11/1/2030 | | | 4,375 | | | | 3,460 | |
Philip Morris International, Inc. 5.75% 11/17/2032 | | | 27,560 | | | | 28,239 | |
Philip Morris International, Inc. 5.375% 2/15/2033 | | | 16,980 | | | | 16,952 | |
Philip Morris International, Inc. 4.125% 3/4/2043 | | | 4,445 | | | | 3,633 | |
Philip Morris International, Inc. 4.875% 11/15/2043 | | | 6,050 | | | | 5,414 | |
Philip Morris International, Inc. 4.25% 11/10/2044 | | | 1,009 | | | | 840 | |
Procter & Gamble Company 0.55% 10/29/2025 | | | 4,261 | | | | 3,863 | |
Procter & Gamble Company 1.00% 4/23/2026 | | | 1,229 | | | | 1,113 | |
Procter & Gamble Company 3.95% 1/26/2028 | | | 18,289 | | | | 17,979 | |
Procter & Gamble Company 3.00% 3/25/2030 | | | 1,183 | | | | 1,096 | |
Procter & Gamble Company 1.20% 10/29/2030 | | | 4,005 | | | | 3,232 | |
Reckitt Benckiser Treasury Services PLC 2.75% 6/26/20242 | | | 4,305 | | | | 4,187 | |
Reynolds American, Inc. 4.45% 6/12/2025 | | | 3,478 | | | | 3,381 | |
Reynolds American, Inc. 4.75% 11/1/2042 | | | 2,500 | | | | 2,033 | |
Reynolds American, Inc. 5.85% 8/15/2045 | | | 6,209 | | | | 5,529 | |
Target Corp. 4.50% 9/15/2032 | | | 2,233 | | | | 2,181 | |
Target Corp. 4.80% 1/15/2053 | | | 9,038 | | | | 8,658 | |
Walmart, Inc. 4.10% 4/15/2033 | | | 29,655 | | | | 28,810 | |
Walmart, Inc. 4.50% 4/15/2053 | | | 6,020 | | | | 5,876 | |
| | | | | | | 1,002,123 | |
| | | | | | | | |
Real estate 0.85% | | | | | | | | |
Alexandria Real Estate Equities, Inc. 3.80% 4/15/2026 | | | 1,647 | | | | 1,576 | |
Alexandria Real Estate Equities, Inc. 3.95% 1/15/2028 | | | 100 | | | | 93 | |
Alexandria Real Estate Equities, Inc. 3.375% 8/15/2031 | | | 1,980 | | | | 1,698 | |
American Tower Corp. 3.65% 3/15/2027 | | | 427 | | | | 400 | |
American Tower Corp. 2.70% 4/15/2031 | | | 5,000 | | | | 4,151 | |
Boston Properties, LP 2.45% 10/1/2033 | | | 9,609 | | | | 6,934 | |
Boston Properties, LP 6.50% 1/15/2034 | | | 78,463 | | | | 79,010 | |
Corp. Inmobiliaria Vesta, SAB de CV 3.625% 5/13/20312 | | | 2,490 | | | | 2,075 | |
Corp. Inmobiliaria Vesta, SAB de CV 3.625% 5/13/2031 | | | 2,000 | | | | 1,667 | |
Corporate Office Properties, LP 2.25% 3/15/2026 | | | 14,337 | | | | 12,711 | |
Corporate Office Properties, LP 2.00% 1/15/2029 | | | 6,408 | | | | 4,891 | |
Corporate Office Properties, LP 2.75% 4/15/2031 | | | 13,897 | | | | 10,575 | |
Corporate Office Properties, LP 2.90% 12/1/2033 | | | 5,754 | | | | 3,994 | |
Crown Castle, Inc. 5.00% 1/11/2028 | | | 34,366 | | | | 33,762 | |
Equinix, Inc. 2.625% 11/18/2024 | | | 32,830 | | | | 31,368 | |
28 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Real estate (continued) | | | | | | | | |
Equinix, Inc. 1.25% 7/15/2025 | | USD | 9,870 | | | $ | 9,008 | |
Equinix, Inc. 1.45% 5/15/2026 | | | 5,950 | | | | 5,317 | |
Equinix, Inc. 2.90% 11/18/2026 | | | 14,009 | | | | 12,857 | |
Equinix, Inc. 1.80% 7/15/2027 | | | 2,871 | | | | 2,490 | |
Equinix, Inc. 1.55% 3/15/2028 | | | 7,130 | | | | 5,968 | |
Equinix, Inc. 2.00% 5/15/2028 | | | 1,318 | | | | 1,124 | |
Equinix, Inc. 3.20% 11/18/2029 | | | 17,775 | | | | 15,628 | |
Equinix, Inc. 2.15% 7/15/2030 | | | 12,149 | | | | 9,834 | |
Equinix, Inc. 2.50% 5/15/2031 | | | 15,654 | | | | 12,761 | |
Equinix, Inc. 3.90% 4/15/2032 | | | 933 | | | | 839 | |
Equinix, Inc. 3.00% 7/15/2050 | | | 739 | | | | 479 | |
Equinix, Inc. 2.95% 9/15/2051 | | | 400 | | | | 254 | |
Equinix, Inc. 3.40% 2/15/2052 | | | 3,120 | | | | 2,186 | |
Essex Portfolio, LP 3.875% 5/1/2024 | | | 5,500 | | | | 5,401 | |
FibraSOMA 4.375% 7/22/20312 | | | 8,260 | | | | 6,191 | |
FibraSOMA 4.375% 7/22/2031 | | | 2,000 | | | | 1,499 | |
Forestar Group, Inc. 3.85% 5/15/20262 | | | 3,815 | | | | 3,510 | |
Forestar Group, Inc. 5.00% 3/1/20282 | | | 2,000 | | | | 1,837 | |
Howard Hughes Corp. 5.375% 8/1/20282 | | | 7,525 | | | | 6,708 | |
Howard Hughes Corp. 4.125% 2/1/20292 | | | 1,925 | | | | 1,595 | |
Howard Hughes Corp. 4.375% 2/1/20312 | | | 6,265 | | | | 5,006 | |
Invitation Homes Operating Partnership, LP 2.30% 11/15/2028 | | | 4,513 | | | | 3,842 | |
Invitation Homes Operating Partnership, LP 2.00% 8/15/2031 | | | 1,088 | | | | 835 | |
Iron Mountain, Inc. 4.875% 9/15/20272 | | | 1,605 | | | | 1,518 | |
Iron Mountain, Inc. 5.25% 3/15/20282 | | | 12,959 | | | | 12,130 | |
Iron Mountain, Inc. 4.875% 9/15/20292 | | | 8,367 | | | | 7,497 | |
Iron Mountain, Inc. 5.25% 7/15/20302 | | | 7,950 | | | | 7,171 | |
Iron Mountain, Inc. 4.50% 2/15/20312 | | | 8,750 | | | | 7,526 | |
Kennedy-Wilson, Inc. 4.75% 3/1/2029 | | | 2,325 | | | | 1,841 | |
Kennedy-Wilson, Inc. 5.00% 3/1/2031 | | | 5,870 | | | | 4,398 | |
KRC Interim Corp. 2.70% 3/1/2024 | | | 16,980 | | | | 16,593 | |
KRC Interim Corp. 3.30% 2/1/2025 | | | 5,000 | | | | 4,784 | |
Omega Healthcare Investors, Inc. 4.375% 8/1/2023 | | | 433 | | | | 432 | |
Piedmont Operating Partnership, LP 4.45% 3/15/2024 | | | 3,000 | | | | 2,933 | |
Prologis, LP 4.875% 6/15/2028 | | | 7,672 | | | | 7,609 | |
Prologis, LP 4.75% 6/15/2033 | | | 9,650 | | | | 9,436 | |
Prologis, LP 5.125% 1/15/2034 | | | 45,474 | | | | 45,177 | |
Prologis, LP 5.25% 6/15/2053 | | | 826 | | | | 812 | |
Public Storage 1.95% 11/9/2028 | | | 5,850 | | | | 5,023 | |
Public Storage 2.30% 5/1/2031 | | | 22,729 | | | | 18,927 | |
Scentre Group Trust 1 3.50% 2/12/20252 | | | 5,950 | | | | 5,711 | |
Service Properties Trust 4.50% 3/15/2025 | | | 6,875 | | | | 6,504 | |
Service Properties Trust 3.95% 1/15/2028 | | | 100 | | | | 78 | |
Sun Communities Operating, LP 2.30% 11/1/2028 | | | 3,349 | | | | 2,819 | |
Sun Communities Operating, LP 2.70% 7/15/2031 | | | 11,996 | | | | 9,493 | |
Sun Communities Operating, LP 4.20% 4/15/2032 | | | 4,115 | | | | 3,599 | |
VICI Properties, LP 5.625% 5/1/20242 | | | 3,885 | | | | 3,865 | |
VICI Properties, LP 3.50% 2/15/20252 | | | 2,675 | | | | 2,558 | |
VICI Properties, LP 4.375% 5/15/2025 | | | 4,312 | | | | 4,171 | |
VICI Properties, LP 4.625% 6/15/20252 | | | 3,475 | | | | 3,361 | |
VICI Properties, LP 4.25% 12/1/20262 | | | 5,700 | | | | 5,337 | |
VICI Properties, LP 4.50% 1/15/20282 | | | 6,770 | | | | 6,227 | |
VICI Properties, LP 4.75% 2/15/2028 | | | 27,430 | | | | 26,000 | |
VICI Properties, LP 3.875% 2/15/20292 | | | 2,835 | | | | 2,490 | |
VICI Properties, LP 4.625% 12/1/20292 | | | 715 | | | | 650 | |
VICI Properties, LP 4.95% 2/15/2030 | | | 27,015 | | | | 25,367 | |
VICI Properties, LP 4.125% 8/15/20302 | | | 2,500 | | | | 2,203 | |
VICI Properties, LP 5.125% 5/15/2032 | | | 66,704 | | | | 62,475 | |
VICI Properties, LP 5.625% 5/15/2052 | | | 2,370 | | | | 2,114 | |
WEA Finance, LLC 3.75% 9/17/20242 | | | 2,480 | | | | 2,343 | |
WEA Finance, LLC 3.50% 6/15/20292 | | | 6,247 | | | | 5,085 | |
| | | | | | | 646,331 | |
The Bond Fund of America | 29 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Information technology 0.81% | | | | | | | | |
Adobe, Inc. 1.90% 2/1/2025 | | USD | 647 | | | $ | 615 | |
Adobe, Inc. 2.30% 2/1/2030 | | | 6,009 | | | | 5,275 | |
Analog Devices, Inc. 1.70% 10/1/2028 | | | 4,539 | | | | 3,902 | |
Analog Devices, Inc. 2.10% 10/1/2031 | | | 22,799 | | | | 18,881 | |
Analog Devices, Inc. 2.80% 10/1/2041 | | | 2,973 | | | | 2,210 | |
Analog Devices, Inc. 2.95% 10/1/2051 | | | 18,184 | | | | 12,863 | |
Apple, Inc. 0.55% 8/20/2025 | | | 9,000 | | | | 8,224 | |
Apple, Inc. 0.70% 2/8/2026 | | | 10,435 | | | | 9,410 | |
Apple, Inc. 4.00% 5/10/2028 | | | 20,625 | | | | 20,302 | |
Apple, Inc. 3.25% 8/8/2029 | | | 1,318 | | | | 1,237 | |
Apple, Inc. 3.35% 8/8/2032 | | | 73,769 | | | | 68,825 | |
Apple, Inc. 4.30% 5/10/2033 | | | 8,725 | | | | 8,683 | |
Apple, Inc. 2.375% 2/8/2041 | | | 4,625 | | | | 3,415 | |
Apple, Inc. 2.65% 2/8/2051 | | | 3,000 | | | | 2,074 | |
Apple, Inc. 2.70% 8/5/2051 | | | 4,500 | | | | 3,139 | |
Apple, Inc. 3.95% 8/8/2052 | | | 38,907 | | | | 34,319 | |
Apple, Inc. 4.85% 5/10/2053 | | | 24,716 | | | | 25,348 | |
Black Knight InfoServ, LLC 3.625% 9/1/20282 | | | 3,200 | | | | 2,872 | |
Broadcom Corp. 3.625% 1/15/2024 | | | 270 | | | | 267 | |
Broadcom Corp. 3.875% 1/15/2027 | | | 6,802 | | | | 6,489 | |
Broadcom, Inc. 1.95% 2/15/20282 | | | 373 | | | | 323 | |
Broadcom, Inc. 4.00% 4/15/20292 | | | 9,452 | | | | 8,737 | |
Broadcom, Inc. 4.75% 4/15/2029 | | | 537 | | | | 520 | |
Broadcom, Inc. 4.15% 11/15/2030 | | | 26,581 | | | | 24,469 | |
Broadcom, Inc. 4.15% 4/15/20322 | | | 12,295 | | | | 11,142 | |
Broadcom, Inc. 3.469% 4/15/20342 | | | 34,276 | | | | 28,129 | |
Broadcom, Inc. 3.137% 11/15/20352 | | | 2,092 | | | | 1,605 | |
Broadcom, Inc. 3.187% 11/15/20362 | | | 7,093 | | | | 5,365 | |
Broadcom, Inc. 4.926% 5/15/20372 | | | 4,025 | | | | 3,645 | |
Broadcom, Inc. 3.50% 2/15/20412 | | | 4,709 | | | | 3,526 | |
Broadcom, Inc. 3.75% 2/15/20512 | | | 3,180 | | | | 2,342 | |
CDW, LLC 4.125% 5/1/2025 | | | 5,275 | | | | 5,084 | |
Gartner, Inc. 4.50% 7/1/20282 | | | 1,850 | | | | 1,730 | |
Hewlett Packard Enterprise Co. 5.90% 10/1/2024 | | | 5,000 | | | | 5,003 | |
Imola Merger Corp. 4.75% 5/15/20292 | | | 2,500 | | | | 2,177 | |
Intel Corp. 5.20% 2/10/2033 | | | 9,318 | | | | 9,411 | |
Intel Corp. 5.70% 2/10/2053 | | | 1,596 | | | | 1,625 | |
Intel Corp. 5.90% 2/10/2063 | | | 2,970 | | | | 3,070 | |
Lenovo Group, Ltd. 3.421% 11/2/2030 | | | 4,000 | | | | 3,373 | |
Lenovo Group, Ltd. 6.536% 7/27/2032 | | | 3,000 | | | | 3,029 | |
Microsoft Corp. 2.40% 8/8/2026 | | | 21,100 | | | | 19,814 | |
Microsoft Corp. 3.30% 2/6/2027 | | | 18,325 | | | | 17,631 | |
NCR Corp. 5.25% 10/1/20302 | | | 7,250 | | | | 6,314 | |
Open Text Corp. 3.875% 2/15/20282 | | | 6,500 | | | | 5,731 | |
Oracle Corp. 5.80% 11/10/2025 | | | 3,000 | | | | 3,034 | |
Oracle Corp. 3.60% 4/1/2050 | | | 50,814 | | | | 36,339 | |
Oracle Corp. 3.95% 3/25/2051 | | | 3,629 | | | | 2,746 | |
Salesforce, Inc. 1.95% 7/15/2031 | | | 16,600 | | | | 13,709 | |
Salesforce, Inc. 2.70% 7/15/2041 | | | 4,875 | | | | 3,585 | |
Salesforce, Inc. 2.90% 7/15/2051 | | | 4,828 | | | | 3,399 | |
Salesforce, Inc. 3.05% 7/15/2061 | | | 4,060 | | | | 2,758 | |
ServiceNow, Inc. 1.40% 9/1/2030 | | | 72,310 | | | | 57,296 | |
SK hynix, Inc. 1.50% 1/19/20262 | | | 19,275 | | | | 17,084 | |
SK hynix, Inc. 6.375% 1/17/2028 | | | 4,000 | | | | 4,018 | |
SK hynix, Inc. 2.375% 1/19/20312 | | | 9,830 | | | | 7,588 | |
TSMC Global, Ltd. 0.75% 9/28/2025 | | | 10,000 | | | | 9,002 | |
TSMC Global, Ltd. 1.25% 4/23/2026 | | | 10,000 | | | | 8,935 | |
TSMC Global, Ltd. 1.00% 9/28/2027 | | | 10,000 | | | | 8,480 | |
TSMC Global, Ltd. 1.75% 4/23/2028 | | | 5,000 | | | | 4,307 | |
TSMC Global, Ltd. 2.25% 4/23/2031 | | | 11,000 | | | | 9,098 | |
Unisys Corp. 6.875% 11/1/20272 | | | 1,700 | | | | 1,226 | |
Xerox Holdings Corp. 5.50% 8/15/20282 | | | 6,000 | | | | 5,110 | |
| | | | | | | 609,859 | |
30 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Materials 0.57% | | | | | | | | |
Air Products and Chemicals, Inc. 2.70% 5/15/2040 | | USD | 11,472 | | | $ | 8,570 | |
Alpek, SAB de CV 3.25% 2/25/20312 | | | 5,000 | | | | 4,044 | |
ArcelorMittal SA 7.00% 10/15/2039 | | | 3,250 | | | | 3,397 | |
ArcelorMittal SA 6.75% 3/1/2041 | | | 2,780 | | | | 2,833 | |
Ardagh Packaging Finance PLC 5.25% 4/30/20252 | | | 3,640 | | | | 3,564 | |
Ardagh Packaging Finance PLC 4.125% 8/15/20262 | | | 2,500 | | | | 2,332 | |
Ball Corp. 4.00% 11/15/2023 | | | 6,000 | | | | 5,960 | |
Berry Plastics Corp. 4.875% 7/15/20262 | | | 9,875 | | | | 9,501 | |
BHP Billiton Finance (USA), Ltd. 4.875% 2/27/2026 | | | 8,600 | | | | 8,561 | |
BHP Billiton Finance (USA), Ltd. 4.75% 2/28/2028 | | | 17,329 | | | | 17,226 | |
BHP Billiton Finance (USA), Ltd. 4.90% 2/28/2033 | | | 2,930 | | | | 2,920 | |
Braskem Netherlands Finance BV 4.50% 1/31/20302 | | | 4,600 | | | | 3,955 | |
Braskem Netherlands Finance BV 4.50% 1/31/2030 | | | 4,000 | | | | 3,439 | |
Braskem Netherlands Finance BV 7.25% 2/13/20332 | | | 4,765 | | | | 4,686 | |
Braskem Netherlands Finance BV 5.875% 1/31/20502 | | | 4,000 | | | | 3,236 | |
Celanese US Holdings, LLC 6.165% 7/15/2027 | | | 19,250 | | | | 19,164 | |
Celanese US Holdings, LLC 6.33% 7/15/2029 | | | 2,583 | | | | 2,567 | |
Celanese US Holdings, LLC 6.379% 7/15/2032 | | | 15,962 | | | | 16,109 | |
Cleveland-Cliffs, Inc. 6.75% 3/15/20262 | | | 12,450 | | | | 12,593 | |
Cleveland-Cliffs, Inc. 4.625% 3/1/20292 | | | 4,175 | | | | 3,765 | |
Cleveland-Cliffs, Inc. 4.875% 3/1/20312 | | | 2,825 | | | | 2,486 | |
CROWN Americas, LLC 4.25% 9/30/2026 | | | 4,000 | | | | 3,792 | |
Dow Chemical Co. (The) 4.55% 11/30/2025 | | | 33 | | | | 32 | |
Dow Chemical Co. (The) 4.80% 11/30/2028 | | | 4,000 | | | | 3,960 | |
Dow Chemical Co. (The) 5.55% 11/30/2048 | | | 6,500 | | | | 6,317 | |
Dow Chemical Co. (The) 4.80% 5/15/2049 | | | 10,493 | | | | 9,150 | |
Dow Chemical Co. (The) 3.60% 11/15/2050 | | | 2,190 | | | | 1,633 | |
EIDP, Inc. 4.50% 5/15/2026 | | | 10,834 | | | | 10,641 | |
EIDP, Inc. 4.80% 5/15/2033 | | | 31,313 | | | | 30,673 | |
Freeport-McMoRan, Inc. 5.40% 11/14/2034 | | | 1,450 | | | | 1,402 | |
Freeport-McMoRan, Inc. 5.45% 3/15/2043 | | | 2,566 | | | | 2,396 | |
Fresnillo PLC 4.25% 10/2/20502 | | | 9,516 | | | | 7,140 | |
GC Treasury Center Co., Ltd. 2.98% 3/18/2031 | | | 6,000 | | | | 4,962 | |
GC Treasury Center Co., Ltd. 4.40% 3/30/2032 | | | 8,000 | | | | 7,234 | |
GC Treasury Center Co., Ltd. 4.30% 3/18/2051 | | | 4,268 | | | | 3,141 | |
GC Treasury Center Co., Ltd. 5.20% 3/30/2052 | | | 5,732 | | | | 4,889 | |
Graphic Packaging International, LLC 3.50% 3/15/20282 | | | 8,000 | | | | 7,165 | |
International Flavors & Fragrances, Inc. 1.23% 10/1/20252 | | | 5,000 | | | | 4,460 | |
International Flavors & Fragrances, Inc. 1.832% 10/15/20272 | | | 9,526 | | | | 8,041 | |
International Flavors & Fragrances, Inc. 2.30% 11/1/20302 | | | 12,368 | | | | 9,811 | |
International Flavors & Fragrances, Inc. 3.268% 11/15/20402 | | | 9,022 | | | | 6,322 | |
International Flavors & Fragrances, Inc. 3.468% 12/1/20502 | | | 6,272 | | | | 4,198 | |
Linde, Inc. 4.70% 12/5/2025 | | | 7,500 | | | | 7,446 | |
Linde, Inc. 1.10% 8/10/2030 | | | 9,602 | | | | 7,640 | |
Linde, Inc. 2.00% 8/10/2050 | | | 5,829 | | | | 3,323 | |
Methanex Corp. 5.125% 10/15/2027 | | | 13,150 | | | | 12,256 | |
Methanex Corp. 5.25% 12/15/2029 | | | 1,125 | | | | 1,029 | |
Methanex Corp. 5.65% 12/1/2044 | | | 1,000 | | | | 821 | |
Mineral Resources, Ltd. 8.00% 11/1/20272 | | | 5,475 | | | | 5,473 | |
Nova Chemicals Corp. 4.875% 6/1/20242 | | | 2,000 | | | | 1,956 | |
Nova Chemicals Corp. 5.25% 6/1/20272 | | | 7,500 | | | | 6,677 | |
Nova Chemicals Corp. 4.25% 5/15/20292 | | | 5,535 | | | | 4,523 | |
Nutrien, Ltd. 5.90% 11/7/2024 | | | 577 | | | | 577 | |
Nutrien, Ltd. 4.90% 3/27/2028 | | | 4,011 | | | | 3,937 | |
Nutrien, Ltd. 4.20% 4/1/2029 | | | 500 | | | | 473 | |
Nutrien, Ltd. 5.00% 4/1/2049 | | | 3,850 | | | | 3,474 | |
Nutrien, Ltd. 5.80% 3/27/2053 | | | 1,029 | | | | 1,033 | |
OCI NV 6.70% 3/16/20332 | | | 11,796 | | | | 11,539 | |
Olin Corp. 5.625% 8/1/2029 | | | 2,500 | | | | 2,412 | |
Orbia Advance Corp, SAB de CV 2.875% 5/11/2031 | | | 7,000 | | | | 5,563 | |
POSCO 2.75% 7/15/2024 | | | 4,000 | | | | 3,875 | |
POSCO 5.75% 1/17/20282 | | | 5,195 | | | | 5,272 | |
POSCO 5.875% 1/17/20332 | | | 630 | | | | 664 | |
PT Freeport Indonesia 4.763% 4/14/2027 | | | 5,000 | | | | 4,851 | |
PT Freeport Indonesia 5.315% 4/14/2032 | | | 7,000 | | | | 6,637 | |
Rio Tinto Finance (USA) PLC 5.00% 3/9/2033 | | | 3,100 | | | | 3,129 | |
Rio Tinto Finance (USA) PLC 5.125% 3/9/2053 | | | 3,300 | | | | 3,330 | |
The Bond Fund of America | 31 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Corporate bonds, notes & loans (continued) | | | | | | |
Materials (continued) | | | | | | | | |
Sherwin-Williams Co. 3.125% 6/1/2024 | | USD | 7,250 | | | $ | 7,081 | |
Sherwin-Williams Co. 3.45% 6/1/2027 | | | 2,862 | | | | 2,699 | |
Sherwin-Williams Co. 2.95% 8/15/2029 | | | 5,150 | | | | 4,546 | |
Sherwin-Williams Co. 2.20% 3/15/2032 | | | 1,383 | | | | 1,116 | |
Sherwin-Williams Co. 3.80% 8/15/2049 | | | 1,750 | | | | 1,355 | |
Sherwin-Williams Co. 3.30% 5/15/2050 | | | 1,700 | | | | 1,211 | |
Sherwin-Williams Co. 2.90% 3/15/2052 | | | 2,500 | | | | 1,611 | |
Silgan Holdings, Inc. 4.125% 2/1/2028 | | | 2,500 | | | | 2,296 | |
South32 Treasury, Ltd. 4.35% 4/14/20322 | | | 7,496 | | | | 6,584 | |
Summit Materials, LLC 5.25% 1/15/20292 | | | 4,160 | | | | 3,935 | |
Suzano Austria GmbH 3.75% 1/15/2031 | | | 6,660 | | | | 5,689 | |
Tronox, Inc. 4.625% 3/15/20292 | | | 6,000 | | | | 4,992 | |
Westlake Corp. 5.00% 8/15/2046 | | | 5,265 | | | | 4,579 | |
Westlake Corp. 4.375% 11/15/2047 | | | 1,110 | | | | 872 | |
| | | | | | | 434,743 | |
| | | | | | | | |
Asset backed obligations 0.01% | | | | | | | | |
SK On Co., Ltd. 5.375% 5/11/2026 | | | 9,000 | | | | 8,929 | |
| | | | | | | | |
Municipals 0.01% | | | | | | | | |
Aeropuerto Internacional de Tocumen, SA 4.00% 8/11/20412 | | | 4,100 | | | | 3,289 | |
Aeropuerto Internacional de Tocumen, SA 5.125% 8/11/20612 | | | 3,180 | | | | 2,455 | |
HPHT Finance 19, Ltd. 2.875% 11/5/2024 | | | 2,000 | | | | 1,922 | |
| | | | | | | 7,666 | |
| | | | | | | | |
Total corporate bonds, notes & loans | | | | | | | 23,916,929 | |
| | | | | | | | |
Mortgage-backed obligations 31.53% | | | | | | | | |
Federal agency mortgage-backed obligations 28.30% | | | | | | | | |
Fannie Mae Pool #255016 6.50% 10/1/202310 | | | 2 | | | | 2 | |
Fannie Mae Pool #932119 4.50% 11/1/202410 | | | 177 | | | | 175 | |
Fannie Mae Pool #AD3149 4.50% 4/1/202510 | | | 103 | | | | 101 | |
Fannie Mae Pool #AD6392 4.50% 5/1/202510 | | | 223 | | | | 221 | |
Fannie Mae Pool #AD5692 4.50% 5/1/202510 | | | 118 | | | | 116 | |
Fannie Mae Pool #AB1068 4.50% 5/1/202510 | | | 1 | | | | 1 | |
Fannie Mae Pool #303591 6.50% 11/1/202510 | | | — | 6 | | | — | 6 |
Fannie Mae Pool #745316 6.50% 2/1/202610 | | | 10 | | | | 10 | |
Fannie Mae Pool #AL1237 6.50% 2/1/202610 | | | 3 | | | | 3 | |
Fannie Mae Pool #256449 6.50% 10/1/202610 | | | 14 | | | | 14 | |
Fannie Mae Pool #MA2973 3.00% 4/1/202710 | | | 4 | | | | 4 | |
Fannie Mae Pool #256821 6.50% 7/1/202710 | | | 1 | | | | 1 | |
Fannie Mae Pool #256856 6.50% 8/1/202710 | | | 29 | | | | 30 | |
Fannie Mae Pool #MA3131 3.00% 9/1/202710 | | | 38 | | | | 37 | |
Fannie Mae Pool #256886 6.50% 9/1/202710 | | | 21 | | | | 21 | |
Fannie Mae Pool #995401 6.50% 10/1/202710 | | | — | 6 | | | — | 6 |
Fannie Mae Pool #257145 6.50% 3/1/202810 | | | 9 | | | | 9 | |
Fannie Mae Pool #251752 6.50% 6/1/202810 | | | — | 6 | | | — | 6 |
Fannie Mae Pool #257431 6.50% 10/1/202810 | | | 2 | | | | 2 | |
Fannie Mae Pool #AL8822 6.50% 11/1/202810 | | | — | 6 | | | — | 6 |
Fannie Mae Pool #496029 6.50% 1/1/202910 | | | — | 6 | | | — | 6 |
Fannie Mae Pool #AY1948 3.50% 1/1/203010 | | | 192 | | | | 184 | |
Fannie Mae Pool #AL9668 3.00% 10/1/203010 | | | 6 | | | | 6 | |
Fannie Mae Pool #AZ0554 3.50% 10/1/203010 | | | 244 | | | | 234 | |
Fannie Mae Pool #AL6344 5.00% 2/1/203110 | | | 165 | | | | 165 | |
Fannie Mae Pool #FM9892 5.00% 9/1/203110 | | | 121 | | | | 119 | |
Fannie Mae Pool #BJ4856 3.00% 2/1/203310 | | | 349 | | | | 327 | |
Fannie Mae Pool #695412 5.00% 6/1/203310 | | | 4 | | | | 4 | |
Fannie Mae Pool #MA3518 4.00% 11/1/203310 | | | 12 | | | | 12 | |
Fannie Mae Pool #BO1359 2.50% 8/1/203410 | | | 1,465 | | | | 1,355 | |
Fannie Mae Pool #AD3566 5.00% 10/1/203510 | | | 26 | | | | 26 | |
Fannie Mae Pool #745140 5.00% 11/1/203510 | | | 160 | | | | 162 | |
Fannie Mae Pool #MA2588 4.00% 4/1/203610 | | | 1,351 | | | | 1,302 | |
Fannie Mae Pool #MA2717 4.00% 8/1/203610 | | | 276 | | | | 266 | |
Fannie Mae Pool #MA2746 4.00% 9/1/203610 | | | 1,638 | | | | 1,579 | |
Fannie Mae Pool #MA2787 4.00% 10/1/203610 | | | 941 | | | | 907 | |
Fannie Mae Pool #AS8355 3.00% 11/1/203610 | | | 8,006 | | | | 7,400 | |
32 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Fannie Mae Pool #AS8554 3.00% 12/1/203610 | | USD | 816 | | | $ | 754 | |
Fannie Mae Pool #MA2866 3.00% 1/1/203710 | | | 9,735 | | | | 9,002 | |
Fannie Mae Pool #MA2897 3.00% 2/1/203710 | | | 17,022 | | | | 15,735 | |
Fannie Mae Pool #913966 6.00% 2/1/203710 | | | 2 | | | | 2 | |
Fannie Mae Pool #914612 7.50% 3/1/203710 | | | 53 | | | | 53 | |
Fannie Mae Pool #924069 7.00% 5/1/203710 | | | 98 | | | | 98 | |
Fannie Mae Pool #954927 7.00% 7/1/203710 | | | 96 | | | | 95 | |
Fannie Mae Pool #966170 7.00% 7/1/203710 | | | 72 | | | | 72 | |
Fannie Mae Pool #954936 7.00% 7/1/203710 | | | 36 | | | | 37 | |
Fannie Mae Pool #945680 6.00% 9/1/203710 | | | 16 | | | | 17 | |
Fannie Mae Pool #924866 3.765% 10/1/20373,10 | | | 5 | | | | 5 | |
Fannie Mae Pool #988588 5.50% 8/1/203810 | | | 3 | | | | 3 | |
Fannie Mae Pool #889982 5.50% 11/1/203810 | | | 16 | | | | 17 | |
Fannie Mae Pool #MA3539 4.50% 12/1/203810 | | | 36 | | | | 35 | |
Fannie Mae Pool #931768 5.00% 8/1/203910 | | | 38 | | | | 38 | |
Fannie Mae Pool #AC2641 4.50% 10/1/203910 | | | 3,443 | | | | 3,402 | |
Fannie Mae Pool #AC0794 5.00% 10/1/203910 | | | 27 | | | | 27 | |
Fannie Mae Pool #932606 5.00% 2/1/204010 | | | 65 | | | | 65 | |
Fannie Mae Pool #MA4093 2.00% 8/1/204010 | | | 6,625 | | | | 5,709 | |
Fannie Mae Pool #AD8522 4.00% 8/1/204010 | | | 88 | | | | 84 | |
Fannie Mae Pool #AB1297 5.00% 8/1/204010 | | | 272 | | | | 274 | |
Fannie Mae Pool #AE1761 4.00% 9/1/204010 | | | 1,732 | | | | 1,667 | |
Fannie Mae Pool #MA4152 2.00% 10/1/204010 | | | 7,459 | | | | 6,368 | |
Fannie Mae Pool #AE5471 4.50% 10/1/204010 | | | 544 | | | | 536 | |
Fannie Mae Pool #AE7567 4.00% 11/1/204010 | | | 1,816 | | | | 1,747 | |
Fannie Mae Pool #AH0007 4.00% 12/1/204010 | | | 1,772 | | | | 1,705 | |
Fannie Mae Pool #AH0539 4.00% 12/1/204010 | | | 492 | | | | 474 | |
Fannie Mae Pool #AE8073 4.00% 12/1/204010 | | | 336 | | | | 323 | |
Fannie Mae Pool #MA4287 2.00% 3/1/204110 | | | 85,507 | | | | 72,435 | |
Fannie Mae Pool #AH6099 5.00% 3/1/204110 | | | 1,156 | | | | 1,165 | |
Fannie Mae Pool #AH8144 5.00% 4/1/204110 | | | 32 | | | | 32 | |
Fannie Mae Pool #AH9479 5.00% 4/1/204110 | | | 30 | | | | 31 | |
Fannie Mae Pool #MA4333 2.00% 5/1/204110 | | | 69,920 | | | | 59,579 | |
Fannie Mae Pool #AI1862 5.00% 5/1/204110 | | | 1,308 | | | | 1,314 | |
Fannie Mae Pool #MA4364 2.00% 6/1/204110 | | | 121,692 | | | | 103,776 | |
Fannie Mae Pool #AI3510 5.00% 6/1/204110 | | | 669 | | | | 672 | |
Fannie Mae Pool #AE1248 5.00% 6/1/204110 | | | 43 | | | | 44 | |
Fannie Mae Pool #MA4387 2.00% 7/1/204110 | | | 115,020 | | | | 98,178 | |
Fannie Mae Pool #FM7690 2.00% 7/1/204110 | | | 33,417 | | | | 28,546 | |
Fannie Mae Pool #BT5941 2.00% 7/1/204110 | | | 13,103 | | | | 11,185 | |
Fannie Mae Pool #MA4407 2.00% 8/1/204110 | | | 250,389 | | | | 213,566 | |
Fannie Mae Pool #FM8120 2.00% 8/1/204110 | | | 22,687 | | | | 19,424 | |
Fannie Mae Pool #AI5172 4.00% 8/1/204110 | | | 412 | | | | 394 | |
Fannie Mae Pool #AL0658 4.50% 8/1/204110 | | | 583 | | | | 576 | |
Fannie Mae Pool #AJ0257 4.00% 9/1/204110 | | | 124 | | | | 119 | |
Fannie Mae Pool #AJ0704 5.00% 9/1/204110 | | | 601 | | | | 605 | |
Fannie Mae Pool #AJ1873 4.00% 10/1/204110 | | | 331 | | | | 318 | |
Fannie Mae Pool #AJ4154 4.00% 11/1/204110 | | | 349 | | | | 336 | |
Fannie Mae Pool #AJ5391 5.00% 11/1/204110 | | | 433 | | | | 437 | |
Fannie Mae Pool #AE1277 5.00% 11/1/204110 | | | 115 | | | | 115 | |
Fannie Mae Pool #MA4501 2.00% 12/1/204110 | | | 74,907 | | | | 63,427 | |
Fannie Mae Pool #AB4050 4.00% 12/1/204110 | | | 664 | | | | 639 | |
Fannie Mae Pool #AJ7471 4.00% 12/1/204110 | | | 399 | | | | 384 | |
Fannie Mae Pool #AJ4189 4.00% 12/1/204110 | | | 391 | | | | 376 | |
Fannie Mae Pool #AE1283 5.00% 12/1/204110 | | | 71 | | | | 71 | |
Fannie Mae Pool #MA4540 2.00% 2/1/204210 | | | 33,213 | | | | 28,243 | |
Fannie Mae Pool #890407 4.00% 2/1/204210 | | | 906 | | | | 872 | |
Fannie Mae Pool #AE1290 5.00% 2/1/204210 | | | 135 | | | | 136 | |
Fannie Mae Pool #MA4570 2.00% 3/1/204210 | | | 18,973 | | | | 16,074 | |
Fannie Mae Pool #AK6740 4.00% 3/1/204210 | | | 3,410 | | | | 3,297 | |
Fannie Mae Pool #AL2745 4.00% 3/1/204210 | | | 2,697 | | | | 2,595 | |
Fannie Mae Pool #AK4949 4.00% 3/1/204210 | | | 197 | | | | 189 | |
Fannie Mae Pool #MA4586 2.00% 4/1/204210 | | | 6,160 | | | | 5,236 | |
Fannie Mae Pool #AX3703 4.00% 9/1/204210 | | | 3,863 | | | | 3,716 | |
Fannie Mae Pool #AR1512 3.50% 1/1/204310 | | | 504 | | | | 472 | |
Fannie Mae Pool #MA4908 6.00% 1/1/204310 | | | 63 | | | | 64 | |
Fannie Mae Pool #AT0412 3.50% 3/1/204310 | | | 233 | | | | 218 | |
The Bond Fund of America | 33 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Fannie Mae Pool #AT0300 3.50% 3/1/204310 | | USD | 65 | | | $ | 61 | |
Fannie Mae Pool #AT3954 3.50% 4/1/204310 | | | 108 | | | | 101 | |
Fannie Mae Pool #AT2683 4.00% 5/1/204310 | | | 1,850 | | | | 1,780 | |
Fannie Mae Pool #AT5898 3.00% 6/1/204310 | | | 15,542 | | | | 14,042 | |
Fannie Mae Pool #AL3829 3.50% 6/1/204310 | | | 2,222 | | | | 2,084 | |
Fannie Mae Pool #AT7161 3.50% 6/1/204310 | | | 788 | | | | 736 | |
Fannie Mae Pool #AV0786 4.00% 11/1/204310 | | | 2,948 | | | | 2,834 | |
Fannie Mae Pool #AL8421 3.50% 1/1/204410 | | | 12,795 | | | | 11,983 | |
Fannie Mae Pool #AX0817 4.00% 9/1/204410 | | | 191 | | | | 185 | |
Fannie Mae Pool #AX8521 3.50% 12/1/204410 | | | 329 | | | | 307 | |
Fannie Mae Pool #AY1829 3.50% 12/1/204410 | | | 103 | | | | 96 | |
Fannie Mae Pool #BE5009 3.50% 1/1/204510 | | | 691 | | | | 644 | |
Fannie Mae Pool #BE5017 3.50% 2/1/204510 | | | 1,216 | | | | 1,132 | |
Fannie Mae Pool #FM9416 3.50% 7/1/204510 | | | 6,953 | | | | 6,472 | |
Fannie Mae Pool #AZ7366 4.00% 11/1/204510 | | | 17,072 | | | | 16,328 | |
Fannie Mae Pool #AS6348 4.00% 12/1/204510 | | | 2,982 | | | | 2,850 | |
Fannie Mae Pool #AS6839 4.00% 3/1/204610 | | | 3,845 | | | | 3,674 | |
Fannie Mae Pool #BC1352 4.00% 3/1/204610 | | | 1,157 | | | | 1,105 | |
Fannie Mae Pool #AL8522 3.50% 5/1/204610 | | | 29 | | | | 27 | |
Fannie Mae Pool #BC8647 4.50% 6/1/204610 | | | 264 | | | | 256 | |
Fannie Mae Pool #BD1968 4.00% 7/1/204610 | | | 32 | | | | 31 | |
Fannie Mae Pool #BD1550 4.50% 7/1/204610 | | | 248 | | | | 244 | |
Fannie Mae Pool #BD7600 4.50% 9/1/204610 | | | 79 | | | | 77 | |
Fannie Mae Pool #BD9236 3.50% 10/1/204610 | | | 324 | | | | 299 | |
Fannie Mae Pool #MA2809 4.50% 10/1/204610 | | | 708 | | | | 673 | |
Fannie Mae Pool #MA2821 4.50% 10/1/204610 | | | 313 | | | | 300 | |
Fannie Mae Pool #BD9248 4.50% 10/1/204610 | | | 227 | | | | 222 | |
Fannie Mae Pool #AS8310 3.00% 11/1/204610 | | | 538 | | | | 485 | |
Fannie Mae Pool #MA2833 3.00% 12/1/204610 | | | 36 | | | | 33 | |
Fannie Mae Pool #BC9077 3.50% 12/1/204610 | | | 16,138 | | | | 14,961 | |
Fannie Mae Pool #BD2440 3.50% 1/1/204710 | | | 1,752 | | | | 1,622 | |
Fannie Mae Pool #BM1179 3.00% 4/1/204710 | | | 629 | | | | 563 | |
Fannie Mae Pool #BH0876 4.50% 4/1/204710 | | | 2,468 | | | | 2,424 | |
Fannie Mae Pool #MA3002 4.50% 4/1/204710 | | | 438 | | | | 417 | |
Fannie Mae Pool #BE8740 3.50% 5/1/204710 | | | 1,084 | | | | 1,004 | |
Fannie Mae Pool #BE8742 3.50% 5/1/204710 | | | 330 | | | | 306 | |
Fannie Mae Pool #BH2846 3.50% 5/1/204710 | | | 153 | | | | 142 | |
Fannie Mae Pool #BH2848 3.50% 5/1/204710 | | | 134 | | | | 125 | |
Fannie Mae Pool #BH2847 3.50% 5/1/204710 | | | 68 | | | | 63 | |
Fannie Mae Pool #BH3122 4.00% 6/1/204710 | | | 69 | | | | 66 | |
Fannie Mae Pool #BD3554 4.00% 7/1/204710 | | | 902 | | | | 855 | |
Fannie Mae Pool #256893 7.00% 8/1/204710 | | | 10 | | | | 10 | |
Fannie Mae Pool #CA0453 4.00% 9/1/204710 | | | 6,264 | | | | 5,977 | |
Fannie Mae Pool #CA0770 3.50% 11/1/204710 | | | 170 | | | | 157 | |
Fannie Mae Pool #BJ3525 4.50% 11/1/204710 | | | 1,056 | | | | 1,036 | |
Fannie Mae Pool #CA0854 3.50% 12/1/204710 | | | 12,967 | | | | 11,975 | |
Fannie Mae Pool #MA3211 4.00% 12/1/204710 | | | 3,418 | | | | 3,269 | |
Fannie Mae Pool #BJ5015 4.00% 12/1/204710 | | | 1,897 | | | | 1,813 | |
Fannie Mae Pool #BM4413 4.50% 12/1/204710 | | | 4,823 | | | | 4,736 | |
Fannie Mae Pool #BJ3558 4.50% 12/1/204710 | | | 1,638 | | | | 1,608 | |
Fannie Mae Pool #BJ3581 4.50% 12/1/204710 | | | 535 | | | | 526 | |
Fannie Mae Pool #CA1189 3.50% 2/1/204810 | | | 1,327 | | | | 1,228 | |
Fannie Mae Pool #BK0163 4.50% 2/1/204810 | | | 1,334 | | | | 1,307 | |
Fannie Mae Pool #BJ4901 3.50% 3/1/204810 | | | 825 | | | | 764 | |
Fannie Mae Pool #CA1532 3.50% 4/1/204810 | | | 5,230 | | | | 4,850 | |
Fannie Mae Pool #BK5232 4.00% 5/1/204810 | | | 1,010 | | | | 966 | |
Fannie Mae Pool #BK6840 4.00% 6/1/204810 | | | 1,350 | | | | 1,291 | |
Fannie Mae Pool #BF0293 3.00% 7/1/204810 | | | 6,609 | | | | 5,892 | |
Fannie Mae Pool #CA2102 5.00% 7/1/204810 | | | 451 | | | | 449 | |
Fannie Mae Pool #BF0318 3.50% 8/1/204810 | | | 31,124 | | | | 28,754 | |
Fannie Mae Pool #BK9743 4.00% 8/1/204810 | | | 419 | | | | 401 | |
Fannie Mae Pool #BK9761 4.50% 8/1/204810 | | | 274 | | | | 269 | |
Fannie Mae Pool #CA2166 4.50% 8/1/204810 | | | 14 | | | | 14 | |
Fannie Mae Pool #CA2850 4.00% 12/1/204810 | | | 2,491 | | | | 2,396 | |
Fannie Mae Pool #BF0320 5.50% 1/1/204910 | | | 5,838 | | | | 6,075 | |
Fannie Mae Pool #FM3280 3.50% 5/1/204910 | | | 1,819 | | | | 1,694 | |
Fannie Mae Pool #BN6708 3.50% 6/1/204910 | | | 8,618 | | | | 7,966 | |
34 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Fannie Mae Pool #FM1062 3.50% 6/1/204910 | | USD | 8,528 | | | $ | 7,915 | |
Fannie Mae Pool #CA3807 3.00% 7/1/204910 | | | 1,245 | | | | 1,113 | |
Fannie Mae Pool #CA3806 3.00% 7/1/204910 | | | 832 | | | | 745 | |
Fannie Mae Pool #CA4021 3.50% 8/1/204910 | | | 24,156 | | | | 22,290 | |
Fannie Mae Pool #BJ8411 3.50% 8/1/204910 | | | 2,253 | | | | 2,084 | |
Fannie Mae Pool #FM2318 3.50% 9/1/204910 | | | 41,845 | | | | 38,632 | |
Fannie Mae Pool #CA4151 3.50% 9/1/204910 | | | 11,180 | | | | 10,425 | |
Fannie Mae Pool #FM1443 3.50% 9/1/204910 | | | 6,325 | | | | 5,851 | |
Fannie Mae Pool #FM1913 4.00% 9/1/204910 | | | 1,626 | | | | 1,552 | |
Fannie Mae Pool #FM1963 4.00% 11/1/204910 | | | 37,663 | | | | 35,998 | |
Fannie Mae Pool #CA4802 3.50% 12/1/204910 | | | 23,499 | | | | 21,749 | |
Fannie Mae Pool #CA5338 3.00% 3/1/205010 | | | 11,815 | | | | 10,439 | |
Fannie Mae Pool #FM2664 3.50% 3/1/205010 | | | 27,114 | | | | 25,008 | |
Fannie Mae Pool #CA5506 3.00% 4/1/205010 | | | 48,001 | | | | 42,851 | |
Fannie Mae Pool #BP1948 3.00% 4/1/205010 | | | 15,935 | | | | 14,168 | |
Fannie Mae Pool #BP1954 3.50% 4/1/205010 | | | 18,419 | | | | 16,984 | |
Fannie Mae Pool #CA5968 2.50% 6/1/205010 | | | 43,895 | | | | 37,735 | |
Fannie Mae Pool #CA6309 3.00% 7/1/205010 | | | 43,603 | | | | 38,997 | |
Fannie Mae Pool #CA6349 3.00% 7/1/205010 | | | 14,564 | | | | 12,909 | |
Fannie Mae Pool #CA6593 2.50% 8/1/205010 | | | 13,629 | | | | 11,724 | |
Fannie Mae Pool #CA6740 3.00% 8/1/205010 | | | 8,644 | | | | 7,659 | |
Fannie Mae Pool #BQ1226 2.00% 9/1/205010 | | | 18,416 | | | | 15,160 | |
Fannie Mae Pool #BP6715 2.00% 9/1/205010 | | | 7 | | | | 6 | |
Fannie Mae Pool #FM4256 2.50% 9/1/205010 | | | 32,647 | | | | 28,118 | |
Fannie Mae Pool #CA7028 2.50% 9/1/205010 | | | 7,305 | | | | 6,283 | |
Fannie Mae Pool #CA7052 3.00% 9/1/205010 | | | 3,247 | | | | 2,879 | |
Fannie Mae Pool #CA7325 2.00% 10/1/205010 | | | 37,311 | | | | 30,912 | |
Fannie Mae Pool #CA7257 2.50% 10/1/205010 | | | 2,566 | | | | 2,208 | |
Fannie Mae Pool #CA7381 3.00% 10/1/205010 | | | 13,299 | | | | 11,784 | |
Fannie Mae Pool #CA7739 2.50% 11/1/205010 | | | 97,367 | | | | 82,789 | |
Fannie Mae Pool #CA7603 2.50% 11/1/205010 | | | 55,846 | | | | 47,729 | |
Fannie Mae Pool #CA7599 2.50% 11/1/205010 | | | 4,590 | | | | 3,952 | |
Fannie Mae Pool #MA4208 2.00% 12/1/205010 | | | 88,777 | | | | 73,089 | |
Fannie Mae Pool #CA8108 2.00% 12/1/205010 | | | 1,058 | | | | 871 | |
Fannie Mae Pool #CA8130 2.50% 12/1/205010 | | | 20,218 | | | | 17,280 | |
Fannie Mae Pool #FM5173 2.50% 12/1/205010 | | | 9,181 | | | | 7,841 | |
Fannie Mae Pool #CA8044 2.50% 12/1/205010 | | | 8,269 | | | | 7,068 | |
Fannie Mae Pool #CA8285 3.00% 12/1/205010 | | | 55,581 | | | | 49,684 | |
Fannie Mae Pool #CA8046 3.00% 12/1/205010 | | | 38,201 | | | | 34,257 | |
Fannie Mae Pool #FM5166 3.00% 12/1/205010 | | | 8,977 | | | | 7,954 | |
Fannie Mae Pool #MA4237 2.00% 1/1/205110 | | | 254,825 | | | | 209,780 | |
Fannie Mae Pool #CA8623 3.00% 1/1/205110 | | | 91,870 | | | | 81,265 | |
Fannie Mae Pool #BR2666 2.00% 2/1/205110 | | | 3,407 | | | | 2,818 | |
Fannie Mae Pool #CA8820 2.00% 2/1/205110 | | | 2,019 | | | | 1,660 | |
Fannie Mae Pool #CA8828 2.50% 2/1/205110 | | | 41,017 | | | | 35,291 | |
Fannie Mae Pool #FM5778 2.50% 2/1/205110 | | | 10,006 | | | | 8,545 | |
Fannie Mae Pool #CA8969 3.00% 2/1/205110 | | | 5,018 | | | | 4,445 | |
Fannie Mae Pool #FM6548 2.00% 3/1/205110 | | | 36,817 | | | | 30,500 | |
Fannie Mae Pool #MA4282 2.50% 3/1/205110 | | | 10,897 | | | | 9,299 | |
Fannie Mae Pool #CA9391 3.00% 3/1/205110 | | | 194,497 | | | | 172,103 | |
Fannie Mae Pool #CB0290 2.00% 4/1/205110 | | | 165,735 | | | | 136,272 | |
Fannie Mae Pool #MA4305 2.00% 4/1/205110 | | | 221 | | | | 181 | |
Fannie Mae Pool #MA4306 2.50% 4/1/205110 | | | 30,779 | | | | 26,259 | |
Fannie Mae Pool #CB0041 3.00% 4/1/205110 | | | 56,237 | | | | 50,103 | |
Fannie Mae Pool #CB0191 3.00% 4/1/205110 | | | 25,755 | | | | 22,822 | |
Fannie Mae Pool #CB0046 3.00% 4/1/205110 | | | 8,942 | | | | 7,905 | |
Fannie Mae Pool #CB0193 3.00% 4/1/205110 | | | 3,168 | | | | 2,807 | |
Fannie Mae Pool #CB0449 2.00% 5/1/205110 | | | 42,634 | | | | 34,924 | |
Fannie Mae Pool #BR1035 2.00% 5/1/205110 | | | 131 | | | | 107 | |
Fannie Mae Pool #CB0457 2.50% 5/1/205110 | | | 5,155 | | | | 4,406 | |
Fannie Mae Pool #FM7803 2.00% 6/1/205110 | | | 4,377 | | | | 3,621 | |
Fannie Mae Pool #BT3317 2.50% 6/1/205110 | | | 5,454 | | | | 4,669 | |
Fannie Mae Pool #FM7694 3.00% 6/1/205110 | | | 19,884 | | | | 17,673 | |
Fannie Mae Pool #FM7687 3.00% 6/1/205110 | | | 7,780 | | | | 6,922 | |
Fannie Mae Pool #FM7909 3.00% 6/1/205110 | | | 2,507 | | | | 2,221 | |
Fannie Mae Pool #BR2095 2.50% 7/1/205110 | | | 55,497 | | | | 47,326 | |
Fannie Mae Pool #FM7900 2.50% 7/1/205110 | | | 4,121 | | | | 3,540 | |
The Bond Fund of America | 35 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Fannie Mae Pool #BR2219 2.50% 8/1/205110 | | USD | 114,409 | | | $ | 97,564 | |
Fannie Mae Pool #FM8442 2.50% 8/1/205110 | | | 61,002 | | | | 52,023 | |
Fannie Mae Pool #FS1057 2.50% 8/1/205110 | | | 1,077 | | | | 919 | |
Fannie Mae Pool #CB1304 3.00% 8/1/205110 | | | 20,571 | | | | 18,299 | |
Fannie Mae Pool #CB1527 2.50% 9/1/205110 | | | 15,024 | | | | 12,830 | |
Fannie Mae Pool #BT4537 3.50% 9/1/205110 | | | 406 | | | | 371 | |
Fannie Mae Pool #FS4628 3.00% 10/1/205110 | | | 28,296 | | | | 25,072 | |
Fannie Mae Pool #BU1498 3.50% 10/1/205110 | | | 347 | | | | 317 | |
Fannie Mae Pool #MA4465 2.00% 11/1/205110 | | | 45,182 | | | | 36,946 | |
Fannie Mae Pool #FS0965 2.00% 11/1/205110 | | | 1,047 | | | | 862 | |
Fannie Mae Pool #FM9492 2.50% 11/1/205110 | | | 21,933 | | | | 18,848 | |
Fannie Mae Pool #FM9694 2.50% 11/1/205110 | | | 11,579 | | | | 9,988 | |
Fannie Mae Pool #FM9632 3.00% 11/1/205110 | | | 16,321 | | | | 14,502 | |
Fannie Mae Pool #FM9810 3.00% 11/1/205110 | | | 7,999 | | | | 7,074 | |
Fannie Mae Pool #FM9631 3.00% 11/1/205110 | | | 6,940 | | | | 6,165 | |
Fannie Mae Pool #CB2292 3.00% 11/1/205110 | | | 2,016 | | | | 1,794 | |
Fannie Mae Pool #BU3013 3.50% 11/1/205110 | | | 411 | | | | 376 | |
Fannie Mae Pool #BU5976 4.00% 11/1/205110 | | | 61 | | | | 58 | |
Fannie Mae Pool #CB2319 2.50% 12/1/205110 | | | 63,248 | | | | 54,248 | |
Fannie Mae Pool #FS0433 2.50% 12/1/205110 | | | 55,063 | | | | 47,781 | |
Fannie Mae Pool #CB2371 2.50% 12/1/205110 | | | 38,577 | | | | 33,077 | |
Fannie Mae Pool #CB2372 2.50% 12/1/205110 | | | 30,346 | | | | 26,003 | |
Fannie Mae Pool #BT9510 2.50% 12/1/205110 | | | 24,657 | | | | 21,168 | |
Fannie Mae Pool #BT9483 2.50% 12/1/205110 | | | 23,807 | | | | 20,428 | |
Fannie Mae Pool #CB2286 2.50% 12/1/205110 | | | 18,570 | | | | 15,911 | |
Fannie Mae Pool #FM9804 2.50% 12/1/205110 | | | 12,400 | | | | 10,663 | |
Fannie Mae Pool #CB2373 2.50% 12/1/205110 | | | 11,487 | | | | 9,846 | |
Fannie Mae Pool #CB2375 2.50% 12/1/205110 | | | 10,167 | | | | 8,698 | |
Fannie Mae Pool #MA4493 2.50% 12/1/205110 | | | 3,297 | | | | 2,803 | |
Fannie Mae Pool #CB2414 3.00% 12/1/205110 | | | 33,871 | | | | 30,149 | |
Fannie Mae Pool #FM9976 3.00% 12/1/205110 | | | 15,747 | | | | 14,057 | |
Fannie Mae Pool #CB2293 3.00% 12/1/205110 | | | 1,991 | | | | 1,770 | |
Fannie Mae Pool #BT9498 3.50% 12/1/205110 | | | 9,569 | | | | 8,750 | |
Fannie Mae Pool #BU8404 3.50% 12/1/205110 | | | 495 | | | | 452 | |
Fannie Mae Pool #BU8481 3.50% 12/1/205110 | | | 27 | | | | 25 | |
Fannie Mae Pool #CB2544 3.00% 1/1/205210 | | | 33,204 | | | | 29,493 | |
Fannie Mae Pool #FS0454 3.00% 1/1/205210 | | | 8,212 | | | | 7,266 | |
Fannie Mae Pool #FS0972 3.50% 1/1/205210 | | | 29,081 | | | | 26,984 | |
Fannie Mae Pool #FS0268 3.50% 1/1/205210 | | | 1,022 | | | | 932 | |
Fannie Mae Pool #BV0783 3.50% 1/1/205210 | | | 860 | | | | 796 | |
Fannie Mae Pool #BV0790 3.50% 1/1/205210 | | | 719 | | | | 656 | |
Fannie Mae Pool #BU7425 3.50% 1/1/205210 | | | 395 | | | | 361 | |
Fannie Mae Pool #BU7427 3.50% 1/1/205210 | | | 57 | | | | 53 | |
Fannie Mae Pool #BV3076 2.00% 2/1/205210 | | | 141,035 | | | | 115,335 | |
Fannie Mae Pool #BV3080 2.00% 2/1/205210 | | | 114,930 | | | | 94,006 | |
Fannie Mae Pool #CB2765 2.00% 2/1/205210 | | | 59,079 | | | | 48,550 | |
Fannie Mae Pool #BU1330 2.50% 2/1/205210 | | | 22,628 | | | | 19,426 | |
Fannie Mae Pool #BU7285 2.50% 2/1/205210 | | | 1,664 | | | | 1,425 | |
Fannie Mae Pool #BU7294 3.50% 2/1/205210 | | | 59 | | | | 53 | |
Fannie Mae Pool #BV3316 3.50% 3/1/205210 | | | 47 | | | | 43 | |
Fannie Mae Pool #FS2448 2.00% 5/1/205210 | | | 22,435 | | | | 18,365 | |
Fannie Mae Pool #BV9644 2.50% 5/1/205210 | | | 392 | | | | 333 | |
Fannie Mae Pool #BV7810 3.50% 5/1/205210 | | | 293 | | | | 267 | |
Fannie Mae Pool #CB4135 5.00% 7/1/205210 | | | 187 | | | | 183 | |
Fannie Mae Pool #BW5402 5.50% 7/1/205210 | | | 621 | | | | 621 | |
Fannie Mae Pool #MA4737 5.00% 8/1/205210 | | | 713 | | | | 700 | |
Fannie Mae Pool #CB5019 5.00% 8/1/205210 | | | 203 | | | | 199 | |
Fannie Mae Pool #MA4732 4.00% 9/1/205210 | | | 137 | | | | 129 | |
Fannie Mae Pool #BW9049 4.50% 9/1/205210 | | | 445 | | | | 430 | |
Fannie Mae Pool #BW5232 4.50% 10/1/205210 | | | 3,361 | | | | 3,233 | |
Fannie Mae Pool #CB5405 4.50% 10/1/205210 | | | 3,255 | | | | 3,131 | |
Fannie Mae Pool #BW8175 4.50% 10/1/205210 | | | 2,154 | | | | 2,073 | |
Fannie Mae Pool #BW1289 5.50% 10/1/205210 | | | 24,907 | | | | 24,871 | |
Fannie Mae Pool #BW1243 5.50% 10/1/205210 | | | 23,291 | | | | 23,267 | |
Fannie Mae Pool #BW5182 4.50% 11/1/205210 | | | 2,763 | | | | 2,658 | |
Fannie Mae Pool #BX1748 4.50% 12/1/205210 | | | 2,986 | | | | 2,872 | |
Fannie Mae Pool #MA4842 5.50% 12/1/205210 | | | 43,091 | | | | 43,030 | |
36 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Fannie Mae Pool #BX2476 5.50% 12/1/205210 | | USD | 7,186 | | | $ | 7,176 | |
Fannie Mae Pool #CB5778 6.00% 12/1/205210 | | | 1,577 | | | | 1,594 | |
Fannie Mae Pool #MA4877 6.50% 12/1/205210 | | | — | 6 | | | — | 6 |
Fannie Mae Pool #FS4947 4.00% 1/1/205310 | | | 225 | | | | 211 | |
Fannie Mae Pool #MA4867 4.50% 1/1/205310 | | | 13,140 | | | | 12,641 | |
Fannie Mae Pool #BX6633 5.50% 1/1/205310 | | | 500 | | | | 499 | |
Fannie Mae Pool #MA4894 6.00% 1/1/205310 | | | 297,912 | | | | 300,661 | |
Fannie Mae Pool #BX5931 6.00% 1/1/205310 | | | 5,786 | | | | 5,839 | |
Fannie Mae Pool #BX5040 6.00% 1/1/205310 | | | 2,910 | | | | 2,937 | |
Fannie Mae Pool #BX4070 6.00% 1/1/205310 | | | 2,056 | | | | 2,077 | |
Fannie Mae Pool #BX5666 6.00% 1/1/205310 | | | 1,306 | | | | 1,318 | |
Fannie Mae Pool #FS3411 6.00% 1/1/205310 | | | 56 | | | | 57 | |
Fannie Mae Pool #CB5525 6.00% 1/1/205310 | | | 53 | | | | 53 | |
Fannie Mae Pool #MA4917 4.50% 2/1/205310 | | | 2,742 | | | | 2,638 | |
Fannie Mae Pool #MA4919 5.50% 2/1/205310 | | | 54,788 | | | | 54,552 | |
Fannie Mae Pool #BX6216 5.50% 2/1/205310 | | | 858 | | | | 856 | |
Fannie Mae Pool #MA4920 6.00% 2/1/205310 | | | 219,296 | | | | 221,319 | |
Fannie Mae Pool #BX8515 5.50% 3/1/205310 | | | 4,984 | | | | 4,967 | |
Fannie Mae Pool #BX7779 5.50% 3/1/205310 | | | 4,000 | | | | 3,983 | |
Fannie Mae Pool #BX8514 5.50% 3/1/205310 | | | 2,000 | | | | 1,994 | |
Fannie Mae Pool #BX9431 5.50% 3/1/205310 | | | 2,000 | | | | 1,991 | |
Fannie Mae Pool #FS4774 5.50% 3/1/205310 | | | 945 | | | | 941 | |
Fannie Mae Pool #BX8389 5.50% 3/1/205310 | | | 500 | | | | 498 | |
Fannie Mae Pool #FS4152 5.50% 3/1/205310 | | | 386 | | | | 384 | |
Fannie Mae Pool #BX8835 5.50% 3/1/205310 | | | 357 | | | | 355 | |
Fannie Mae Pool #MA4942 6.00% 3/1/205310 | | | 272,883 | | | | 275,401 | |
Fannie Mae Pool #MA4977 4.50% 4/1/205310 | | | 4,702 | | | | 4,523 | |
Fannie Mae Pool #MA4979 5.50% 4/1/205310 | | | 90,619 | | | | 90,235 | |
Fannie Mae Pool #BY0003 5.50% 4/1/205310 | | | 6,999 | | | | 6,970 | |
Fannie Mae Pool #BY0007 5.50% 4/1/205310 | | | 3,028 | | | | 3,015 | |
Fannie Mae Pool #BX8556 5.50% 4/1/205310 | | | 2,000 | | | | 1,994 | |
Fannie Mae Pool #BX9116 5.50% 4/1/205310 | | | 2,000 | | | | 1,991 | |
Fannie Mae Pool #BW5286 5.50% 4/1/205310 | | | 52 | | | | 52 | |
Fannie Mae Pool #MA4980 6.00% 4/1/205310 | | | 169,663 | | | | 171,228 | |
Fannie Mae Pool #BW5278 6.00% 4/1/205310 | | | 3,242 | | | | 3,272 | |
Fannie Mae Pool #MA4981 6.50% 4/1/205310 | | | 9,562 | | | | 9,770 | |
Fannie Mae Pool #CB6106 6.50% 4/1/205310 | | | 6,324 | | | | 6,525 | |
Fannie Mae Pool #FS4563 5.00% 5/1/205310 | | | 11,933 | | | | 11,706 | |
Fannie Mae Pool #MA5010 5.50% 5/1/205310 | | | 148,357 | | | | 147,728 | |
Fannie Mae Pool #BY1223 5.50% 5/1/205310 | | | 7,580 | | | | 7,548 | |
Fannie Mae Pool #BY0204 5.50% 5/1/205310 | | | 4,000 | | | | 3,983 | |
Fannie Mae Pool #BY0091 5.50% 5/1/205310 | | | 3,000 | | | | 2,987 | |
Fannie Mae Pool #BY3208 5.50% 5/1/205310 | | | 250 | | | | 249 | |
Fannie Mae Pool #MA5011 6.00% 5/1/205310 | | | 527,613 | | | | 532,481 | |
Fannie Mae Pool #MA5039 5.50% 6/1/205310 | | | 172,123 | | | | 171,393 | |
Fannie Mae Pool #FS5192 5.50% 6/1/205310 | | | 70,029 | | | | 69,871 | |
Fannie Mae Pool #BY3337 5.50% 6/1/205310 | | | 6,614 | | | | 6,586 | |
Fannie Mae Pool #BY4223 5.50% 6/1/205310 | | | 236 | | | | 235 | |
Fannie Mae Pool #MA5040 6.00% 6/1/205310 | | | 125,837 | | | | 126,999 | |
Fannie Mae Pool #CB6485 6.00% 6/1/205310 | | | 34,001 | | | | 34,315 | |
Fannie Mae Pool #CB6486 6.00% 6/1/205310 | | | 21,033 | | | | 21,309 | |
Fannie Mae Pool #CB6465 6.00% 6/1/205310 | | | 15,013 | | | | 15,191 | |
Fannie Mae Pool #BO9414 6.00% 6/1/205310 | | | 5,390 | | | | 5,439 | |
Fannie Mae Pool #BY4290 6.00% 6/1/205310 | | | 1,000 | | | | 1,009 | |
Fannie Mae Pool #CB6491 6.50% 6/1/205310 | | | 30,542 | | | | 31,363 | |
Fannie Mae Pool #MA5044 6.50% 6/1/205310 | | | 18,054 | | | | 18,446 | |
Fannie Mae Pool #FS4652 6.50% 6/1/205310 | | | 12,594 | | | | 12,875 | |
Fannie Mae Pool #CB6490 6.50% 6/1/205310 | | | 10,349 | | | | 10,577 | |
Fannie Mae Pool #CB6468 6.50% 6/1/205310 | | | 7,549 | | | | 7,734 | |
Fannie Mae Pool #MA5071 5.00% 7/1/205310 | | | 102,758 | | | | 100,746 | |
Fannie Mae Pool #MA5072 5.50% 7/1/205310 | | | 273,250 | | | | 272,091 | |
Fannie Mae Pool #MA5073 6.00% 7/1/205310 | | | 25,701 | | | | 25,938 | |
Fannie Mae Pool #BF0145 3.50% 3/1/205710 | | | 14,927 | | | | 13,697 | |
Fannie Mae Pool #BF0264 3.50% 5/1/205810 | | | 14,642 | | | | 13,362 | |
Fannie Mae Pool #BF0299 3.50% 8/1/205810 | | | 24,342 | | | | 22,215 | |
Fannie Mae Pool #BF0379 3.50% 4/1/205910 | | | 37,540 | | | | 34,259 | |
Fannie Mae Pool #BM6693 3.50% 8/1/205910 | | | 27,211 | | | | 24,836 | |
The Bond Fund of America | 37 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Fannie Mae Pool #BF0481 3.50% 6/1/206010 | | USD | 61,595 | | | $ | 56,218 | |
Fannie Mae Pool #BF0480 3.50% 6/1/206010 | | | 39,538 | | | | 36,283 | |
Fannie Mae Pool #BF0497 3.00% 7/1/206010 | | | 48,584 | | | | 41,508 | |
Fannie Mae Pool #BF0548 3.00% 7/1/206110 | | | 24,454 | | | | 21,217 | |
Fannie Mae Pool #BF0563 4.00% 9/1/206110 | | | 11,651 | | | | 11,057 | |
Fannie Mae Pool #BF0585 4.50% 12/1/206110 | | | 8,840 | | | | 8,533 | |
Fannie Mae, Series 2001-4, Class GA, 9.00% 4/17/20253,10 | | | — | 6 | | | — | 6 |
Fannie Mae, Series 2001-4, Class NA, 9.00% 10/25/20253,10 | | | — | 6 | | | — | 6 |
Fannie Mae, Series 1998-W5, Class B3, 6.50% 7/25/20282,10 | | | 240 | | | | 90 | |
Fannie Mae, Series 2002-W7, Class A5, 7.50% 2/25/202910 | | | 46 | | | | 49 | |
Fannie Mae, Series 2001-25, Class ZA, 6.50% 6/25/203110 | | | 337 | | | | 338 | |
Fannie Mae, Series 2001-50, Class BA, 7.00% 10/25/204110 | | | 128 | | | | 130 | |
Fannie Mae, Series 2002-W3, Class A5, 7.50% 11/25/204110 | | | 481 | | | | 511 | |
Fannie Mae, Series 2001-T10, Class A1, 7.00% 12/25/204110 | | | 789 | | | | 798 | |
Fannie Mae, Series 2002-W1, Class 2A, 4.782% 2/25/20423,10 | | | 637 | | | | 614 | |
Fannie Mae, Series 2017-M3, Class A2, Multi Family, 2.554% 12/25/20263,10 | | | 7 | | | | 7 | |
Fannie Mae, Series 2017-M12, Class A2, Multi Family, 3.165% 6/25/20273,10 | | | 3,292 | | | | 3,107 | |
Fannie Mae, Series 2017-M15, Class A2, Multi Family, 3.06% 9/25/20273,10 | | | 3,426 | | | | 3,214 | |
Fannie Mae, Series 2019-M5, Class A2, Multi Family, 3.273% 1/25/202910 | | | 421 | | | | 394 | |
Fannie Mae, Series 2018-M12, Class A2, Multi Family, 3.758% 8/25/20303,10 | | | 3,050 | | | | 2,878 | |
Fannie Mae, Series 2006-51, Class PO, principal only, 0% 3/25/203610 | | | 259 | | | | 237 | |
Fannie Mae, Series 2006-32, Class OA, principal only, 0% 5/25/203610 | | | 343 | | | | 284 | |
Fannie Mae, Series 2006-96, Class OP, principal only, 0% 10/25/203610 | | | 119 | | | | 103 | |
Freddie Mac Pool #ZA6869 5.50% 9/1/202410 | | | 1 | | | | 1 | |
Freddie Mac Pool #ZA1886 5.00% 6/1/202510 | | | 77 | | | | 76 | |
Freddie Mac Pool #ZS8948 6.50% 3/1/202610 | | | 13 | | | | 13 | |
Freddie Mac Pool #ZS8801 6.50% 3/1/202610 | | | 10 | | | | 10 | |
Freddie Mac Pool #ZA1940 6.50% 4/1/202610 | | | 11 | | | | 12 | |
Freddie Mac Pool #ZA1955 6.50% 9/1/202610 | | | 3 | | | | 3 | |
Freddie Mac Pool #ZA1959 6.50% 10/1/202610 | | | 3 | | | | 3 | |
Freddie Mac Pool #ZA0583 6.50% 3/1/202910 | | | — | 6 | | | — | 6 |
Freddie Mac Pool #D98356 4.50% 5/1/203010 | | | 50 | | | | 49 | |
Freddie Mac Pool #ZT0799 5.00% 9/1/203110 | | | 70 | | | | 70 | |
Freddie Mac Pool #A15120 5.50% 10/1/203310 | | | 2 | | | | 2 | |
Freddie Mac Pool #G30911 4.00% 3/1/203610 | | | 2,482 | | | | 2,396 | |
Freddie Mac Pool #K93532 4.00% 4/1/203610 | | | 755 | | | | 729 | |
Freddie Mac Pool #C91883 4.00% 6/1/203610 | | | 377 | | | | 364 | |
Freddie Mac Pool #A56076 5.50% 1/1/203710 | | | 7 | | | | 7 | |
Freddie Mac Pool #C91917 3.00% 2/1/203710 | | | 496 | | | | 459 | |
Freddie Mac Pool #G04804 4.50% 5/1/203710 | | | 1,226 | | | | 1,212 | |
Freddie Mac Pool #C91948 4.00% 7/1/203710 | | | 2,963 | | | | 2,860 | |
Freddie Mac Pool #ZS1566 6.50% 8/1/203710 | | | 1 | | | | 2 | |
Freddie Mac Pool #G03695 5.50% 11/1/203710 | | | 2 | | | | 2 | |
Freddie Mac Pool #G08248 5.50% 2/1/203810 | | | 29 | | | | 30 | |
Freddie Mac Pool #ZT1449 3.00% 6/1/203810 | | | 44,550 | | | | 41,110 | |
Freddie Mac Pool #G05196 5.50% 10/1/203810 | | | 2 | | | | 2 | |
Freddie Mac Pool #G05267 5.50% 12/1/203810 | | | 2 | | | | 2 | |
Freddie Mac Pool #A87873 5.00% 8/1/203910 | | | 2,187 | | | | 2,194 | |
Freddie Mac Pool #G06020 5.50% 12/1/203910 | | | 4 | | | | 4 | |
Freddie Mac Pool #G05860 5.50% 2/1/204010 | | | 12 | | | | 12 | |
Freddie Mac Pool #G05937 4.50% 8/1/204010 | | | 4,594 | | | | 4,545 | |
Freddie Mac Pool #RB5071 2.00% 9/1/204010 | | | 7,236 | | | | 6,210 | |
Freddie Mac Pool #A93948 4.50% 9/1/204010 | | | 6 | | | | 6 | |
Freddie Mac Pool #SC0113 2.00% 12/1/204010 | | | 6,069 | | | | 5,200 | |
Freddie Mac Pool #RB5105 2.00% 3/1/204110 | | | 127,954 | | | | 109,614 | |
Freddie Mac Pool #SC0149 2.00% 3/1/204110 | | | 24,597 | | | | 21,065 | |
Freddie Mac Pool #G06868 4.50% 4/1/204110 | | | 5 | | | | 5 | |
Freddie Mac Pool #RB5114 2.00% 6/1/204110 | | | 118,763 | | | | 101,446 | |
Freddie Mac Pool #RB0544 2.00% 6/1/204110 | | | 29,385 | | | | 25,119 | |
Freddie Mac Pool #SC0169 2.00% 6/1/204110 | | | 10,592 | | | | 9,041 | |
Freddie Mac Pool #G06648 5.00% 6/1/204110 | | | 610 | | | | 615 | |
Freddie Mac Pool #Q01658 5.00% 6/1/204110 | | | 229 | | | | 228 | |
Freddie Mac Pool #G06841 5.50% 6/1/204110 | | | 16 | | | | 16 | |
Freddie Mac Pool #RB5118 2.00% 7/1/204110 | | | 147,661 | | | | 126,037 | |
Freddie Mac Pool #SC0148 2.00% 7/1/204110 | | | 80,360 | | | | 68,642 | |
Freddie Mac Pool #Q01992 4.50% 7/1/204110 | | | 37 | | | | 36 | |
Freddie Mac Pool #RB5121 2.00% 8/1/204110 | | | 230,217 | | | | 196,361 | |
38 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Freddie Mac Pool #Q02705 4.50% 8/1/204110 | | USD | 1,974 | | | $ | 1,953 | |
Freddie Mac Pool #G06956 4.50% 8/1/204110 | | | 481 | | | | 476 | |
Freddie Mac Pool #G06769 4.50% 8/1/204110 | | | 201 | | | | 198 | |
Freddie Mac Pool #SC0175 2.00% 9/1/204110 | | | 20,944 | | | | 17,890 | |
Freddie Mac Pool #QK1181 2.00% 11/1/204110 | | | 11,788 | | | | 10,030 | |
Freddie Mac Pool #RB5138 2.00% 12/1/204110 | | | 78,844 | | | | 67,053 | |
Freddie Mac Pool #RB5145 2.00% 2/1/204210 | | | 16,059 | | | | 13,656 | |
Freddie Mac Pool #RB5148 2.00% 3/1/204210 | | | 63,805 | | | | 54,245 | |
Freddie Mac Pool #RB5153 2.00% 4/1/204210 | | | 20,343 | | | | 17,228 | |
Freddie Mac Pool #Q15874 4.00% 2/1/204310 | | | 44 | | | | 42 | |
Freddie Mac Pool #Q17696 3.50% 4/1/204310 | | | 552 | | | | 518 | |
Freddie Mac Pool #Q18236 3.50% 5/1/204310 | | | 762 | | | | 715 | |
Freddie Mac Pool #Q19133 3.50% 6/1/204310 | | | 618 | | | | 577 | |
Freddie Mac Pool #Q22946 4.00% 11/1/204310 | | | 4,301 | | | | 4,116 | |
Freddie Mac Pool #Q28558 3.50% 9/1/204410 | | | 2,685 | | | | 2,506 | |
Freddie Mac Pool #760012 3.113% 4/1/20453,10 | | | 614 | | | | 595 | |
Freddie Mac Pool #760013 3.208% 4/1/20453,10 | | | 352 | | | | 343 | |
Freddie Mac Pool #760014 2.73% 8/1/20453,10 | | | 1,731 | | | | 1,648 | |
Freddie Mac Pool #G60138 3.50% 8/1/204510 | | | 563 | | | | 526 | |
Freddie Mac Pool #G60238 3.50% 10/1/204510 | | | 13,573 | | | | 12,654 | |
Freddie Mac Pool #V81992 4.00% 10/1/204510 | | | 518 | | | | 493 | |
Freddie Mac Pool #G60344 4.00% 12/1/204510 | | | 10,380 | | | | 9,942 | |
Freddie Mac Pool #T65375 3.50% 7/1/204610 | | | 105 | | | | 96 | |
Freddie Mac Pool #Q42034 4.50% 7/1/204610 | | | 197 | | | | 193 | |
Freddie Mac Pool #G67700 3.50% 8/1/204610 | | | 5,013 | | | | 4,671 | |
Freddie Mac Pool #Q42633 4.50% 8/1/204610 | | | 262 | | | | 256 | |
Freddie Mac Pool #Q43312 4.50% 9/1/204610 | | | 473 | | | | 462 | |
Freddie Mac Pool #Q43461 4.50% 10/1/204610 | | | 260 | | | | 255 | |
Freddie Mac Pool #Q44689 4.50% 12/1/204610 | | | 365 | | | | 357 | |
Freddie Mac Pool #760015 2.568% 1/1/20473,10 | | | 1,938 | | | | 1,838 | |
Freddie Mac Pool #Q47615 3.50% 4/1/204710 | | | 1,001 | | | | 925 | |
Freddie Mac Pool #Q47620 4.00% 4/1/204710 | | | 7,477 | | | | 7,183 | |
Freddie Mac Pool #Q47828 4.50% 5/1/204710 | | | 253 | | | | 247 | |
Freddie Mac Pool #ZS4735 3.50% 9/1/204710 | | | 71 | | | | 65 | |
Freddie Mac Pool #Q51622 3.50% 10/1/204710 | | | 1,162 | | | | 1,075 | |
Freddie Mac Pool #Q52069 3.50% 11/1/204710 | | | 1,445 | | | | 1,338 | |
Freddie Mac Pool #G61733 3.00% 12/1/204710 | | | 4,917 | | | | 4,409 | |
Freddie Mac Pool #ZS4747 3.50% 12/1/204710 | | | 8,057 | | | | 7,440 | |
Freddie Mac Pool #Q52613 4.00% 12/1/204710 | | | 4,650 | | | | 4,451 | |
Freddie Mac Pool #G08793 4.00% 12/1/204710 | | | 3,017 | | | | 2,881 | |
Freddie Mac Pool #Q52596 4.50% 12/1/204710 | | | 1,608 | | | | 1,579 | |
Freddie Mac Pool #Q53878 4.00% 1/1/204810 | | | 4,429 | | | | 4,238 | |
Freddie Mac Pool #G67709 3.50% 3/1/204810 | | | 24,333 | | | | 22,558 | |
Freddie Mac Pool #Q54709 3.50% 3/1/204810 | | | 1,068 | | | | 987 | |
Freddie Mac Pool #Q54701 3.50% 3/1/204810 | | | 1,029 | | | | 951 | |
Freddie Mac Pool #Q54700 3.50% 3/1/204810 | | | 783 | | | | 725 | |
Freddie Mac Pool #Q54781 3.50% 3/1/204810 | | | 700 | | | | 649 | |
Freddie Mac Pool #Q55056 3.50% 3/1/204810 | | | 671 | | | | 621 | |
Freddie Mac Pool #Q54782 3.50% 3/1/204810 | | | 635 | | | | 587 | |
Freddie Mac Pool #Q54699 3.50% 3/1/204810 | | | 403 | | | | 374 | |
Freddie Mac Pool #Q54831 3.50% 3/1/204810 | | | 343 | | | | 319 | |
Freddie Mac Pool #Q54698 3.50% 3/1/204810 | | | 286 | | | | 267 | |
Freddie Mac Pool #G67711 4.00% 3/1/204810 | | | 22,920 | | | | 21,930 | |
Freddie Mac Pool #G08805 4.00% 3/1/204810 | | | 1,075 | | | | 1,024 | |
Freddie Mac Pool #Q55060 3.50% 4/1/204810 | | | 220 | | | | 203 | |
Freddie Mac Pool #Q55971 4.00% 5/1/204810 | | | 974 | | | | 933 | |
Freddie Mac Pool #Q56175 4.00% 5/1/204810 | | | 884 | | | | 847 | |
Freddie Mac Pool #Q55970 4.00% 5/1/204810 | | | 428 | | | | 412 | |
Freddie Mac Pool #Q56590 3.50% 6/1/204810 | | | 545 | | | | 504 | |
Freddie Mac Pool #Q56589 3.50% 6/1/204810 | | | 338 | | | | 313 | |
Freddie Mac Pool #Q56591 3.50% 6/1/204810 | | | 189 | | | | 176 | |
Freddie Mac Pool #Q56599 4.00% 6/1/204810 | | | 1,374 | | | | 1,316 | |
Freddie Mac Pool #Q57242 4.50% 7/1/204810 | | | 358 | | | | 350 | |
Freddie Mac Pool #G61628 3.50% 9/1/204810 | | | 145 | | | | 134 | |
Freddie Mac Pool #Q58411 4.50% 9/1/204810 | | | 2,742 | | | | 2,693 | |
Freddie Mac Pool #Q58436 4.50% 9/1/204810 | | | 1,522 | | | | 1,493 | |
Freddie Mac Pool #Q58378 4.50% 9/1/204810 | | | 1,045 | | | | 1,023 | |
The Bond Fund of America | 39 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Freddie Mac Pool #ZA5889 4.00% 11/1/204810 | | USD | 1,656 | | | $ | 1,580 | |
Freddie Mac Pool #QA0284 3.50% 6/1/204910 | | | 3,643 | | | | 3,370 | |
Freddie Mac Pool #QA1885 3.50% 8/1/204910 | | | 4,859 | | | | 4,487 | |
Freddie Mac Pool #QA2748 3.50% 9/1/204910 | | | 975 | | | | 902 | |
Freddie Mac Pool #SD7508 3.50% 10/1/204910 | | | 61,090 | | | | 56,438 | |
Freddie Mac Pool #RA1580 3.50% 10/1/204910 | | | 7,781 | | | | 7,256 | |
Freddie Mac Pool #RA1463 3.50% 10/1/204910 | | | 7,580 | | | | 7,068 | |
Freddie Mac Pool #QA4692 3.00% 11/1/204910 | | | 18,937 | | | | 16,905 | |
Freddie Mac Pool #QA4673 3.00% 11/1/204910 | | | 7,897 | | | | 7,057 | |
Freddie Mac Pool #SD0185 3.00% 12/1/204910 | | | 4,585 | | | | 4,089 | |
Freddie Mac Pool #QA5125 3.50% 12/1/204910 | | | 22,512 | | | | 20,836 | |
Freddie Mac Pool #SD0234 3.00% 1/1/205010 | | | 28,820 | | | | 25,699 | |
Freddie Mac Pool #SD0187 3.00% 1/1/205010 | | | 12,576 | | | | 11,239 | |
Freddie Mac Pool #RA2319 3.00% 3/1/205010 | | | 18,730 | | | | 16,548 | |
Freddie Mac Pool #RA2596 2.50% 5/1/205010 | | | 3,931 | | | | 3,379 | |
Freddie Mac Pool #SD7517 3.00% 5/1/205010 | | | 29,440 | | | | 26,335 | |
Freddie Mac Pool #QB1368 2.50% 7/1/205010 | | | 39,895 | | | | 34,361 | |
Freddie Mac Pool #RA3384 3.00% 8/1/205010 | | | 3,368 | | | | 2,985 | |
Freddie Mac Pool #SD8090 2.00% 9/1/205010 | | | 9,087 | | | | 7,482 | |
Freddie Mac Pool #RA3506 3.00% 9/1/205010 | | | 14,895 | | | | 13,197 | |
Freddie Mac Pool #SD7525 2.50% 10/1/205010 | | | 37,823 | | | | 32,576 | |
Freddie Mac Pool #SD8106 2.00% 11/1/205010 | | | 35,324 | | | | 29,081 | |
Freddie Mac Pool #RA4070 2.50% 11/1/205010 | | | 60,662 | | | | 51,844 | |
Freddie Mac Pool #RA3987 2.50% 11/1/205010 | | | 23,745 | | | | 20,294 | |
Freddie Mac Pool #RA4352 2.00% 1/1/205110 | | | 1,872 | | | | 1,537 | |
Freddie Mac Pool #QB8605 2.00% 2/1/205110 | | | 3,663 | | | | 3,030 | |
Freddie Mac Pool #SD8128 2.00% 2/1/205110 | | | 768 | | | | 630 | |
Freddie Mac Pool #SD7535 2.50% 2/1/205110 | | | 4,363 | | | | 3,756 | |
Freddie Mac Pool #RA4658 3.00% 2/1/205110 | | | 41,200 | | | | 36,680 | |
Freddie Mac Pool #SD8134 2.00% 3/1/205110 | | | 65,904 | | | | 54,050 | |
Freddie Mac Pool #RA5287 2.00% 5/1/205110 | | | 34,748 | | | | 28,549 | |
Freddie Mac Pool #RA5288 2.00% 5/1/205110 | | | 30,701 | | | | 25,223 | |
Freddie Mac Pool #RA5259 2.50% 5/1/205110 | | | 5,051 | | | | 4,316 | |
Freddie Mac Pool #RA5267 3.00% 5/1/205110 | | | 9,547 | | | | 8,460 | |
Freddie Mac Pool #SD1852 2.50% 6/1/205110 | | | 92,954 | | | | 79,279 | |
Freddie Mac Pool #QC2817 2.50% 6/1/205110 | | | 16,859 | | | | 14,437 | |
Freddie Mac Pool #SD7544 3.00% 7/1/205110 | | | 86,463 | | | | 77,012 | |
Freddie Mac Pool #SD7545 2.50% 9/1/205110 | | | 68,634 | | | | 59,017 | |
Freddie Mac Pool #RA5901 3.00% 9/1/205110 | | | 9,849 | | | | 8,715 | |
Freddie Mac Pool #RA5971 3.00% 9/1/205110 | | | 4,342 | | | | 3,863 | |
Freddie Mac Pool #QC7626 3.00% 9/1/205110 | | | 824 | | | | 730 | |
Freddie Mac Pool #SD8172 2.00% 10/1/205110 | | | 56,895 | | | | 46,524 | |
Freddie Mac Pool #SD2880 3.00% 10/1/205110 | | | 55,371 | | | | 49,047 | |
Freddie Mac Pool #SD0734 3.00% 10/1/205110 | | | 26,233 | | | | 23,335 | |
Freddie Mac Pool #RA6406 2.00% 11/1/205110 | | | 136,771 | | | | 112,080 | |
Freddie Mac Pool #SD7548 2.50% 11/1/205110 | | | 14,645 | | | | 12,567 | |
Freddie Mac Pool #SD1385 2.50% 11/1/205110 | | | 11,054 | | | | 9,493 | |
Freddie Mac Pool #RA6411 2.50% 11/1/205110 | | | 887 | | | | 754 | |
Freddie Mac Pool #RA6347 3.00% 11/1/205110 | | | 10,995 | | | | 9,728 | |
Freddie Mac Pool #RA6483 2.50% 12/1/205110 | | | 8,734 | | | | 7,472 | |
Freddie Mac Pool #QD1946 3.50% 12/1/205110 | | | 305 | | | | 278 | |
Freddie Mac Pool #SD7552 2.50% 1/1/205210 | | | 76,103 | | | | 65,213 | |
Freddie Mac Pool #SD0855 2.50% 1/1/205210 | | | 31,214 | | | | 26,538 | |
Freddie Mac Pool #QD5941 2.50% 1/1/205210 | | | 1,450 | | | | 1,242 | |
Freddie Mac Pool #SD0813 3.00% 1/1/205210 | | | 44,393 | | | | 39,471 | |
Freddie Mac Pool #SD0803 3.00% 1/1/205210 | | | 1,843 | | | | 1,629 | |
Freddie Mac Pool #QD7321 3.50% 1/1/205210 | | | 357 | | | | 326 | |
Freddie Mac Pool #SD7550 3.00% 2/1/205210 | | | 63,550 | | | | 56,727 | |
Freddie Mac Pool #SD0873 3.50% 2/1/205210 | | | 26,440 | | | | 24,445 | |
Freddie Mac Pool #QD7089 3.50% 2/1/205210 | | | 5,860 | | | | 5,352 | |
Freddie Mac Pool #SD1450 2.50% 3/1/205210 | | | 2,799 | | | | 2,403 | |
Freddie Mac Pool #SD7553 3.00% 3/1/205210 | | | 33,671 | | | | 29,955 | |
Freddie Mac Pool #QD9030 3.50% 3/1/205210 | | | 903 | | | | 825 | |
Freddie Mac Pool #QE0562 3.50% 3/1/205210 | | | 64 | | | | 59 | |
Freddie Mac Pool #QD8208 3.50% 3/1/205210 | | | 43 | | | | 40 | |
Freddie Mac Pool #QD9527 4.00% 3/1/205210 | | | 22 | | | | 21 | |
Freddie Mac Pool #SD7554 2.50% 4/1/205210 | | | 29,073 | | | | 24,941 | |
40 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Freddie Mac Pool #QD9911 2.50% 4/1/205210 | | USD | 214 | | | $ | 181 | |
Freddie Mac Pool #QE0917 3.50% 4/1/205210 | | | 505 | | | | 461 | |
Freddie Mac Pool #QE0316 3.50% 4/1/205210 | | | 41 | | | | 37 | |
Freddie Mac Pool #8D0226 2.524% 5/1/20523,10 | | | 9,427 | | | | 8,366 | |
Freddie Mac Pool #SD8214 3.50% 5/1/205210 | | | 16,593 | | | | 15,134 | |
Freddie Mac Pool #QE8663 3.50% 5/1/205210 | | | 994 | | | | 907 | |
Freddie Mac Pool #QE5301 3.50% 5/1/205210 | | | 824 | | | | 752 | |
Freddie Mac Pool #QE5589 3.50% 5/1/205210 | | | 723 | | | | 660 | |
Freddie Mac Pool #SD1318 3.50% 6/1/205210 | | | 967 | | | | 883 | |
Freddie Mac Pool #QE3580 3.50% 6/1/205210 | | | 419 | | | | 382 | |
Freddie Mac Pool #QE4273 3.50% 6/1/205210 | | | 87 | | | | 79 | |
Freddie Mac Pool #QE4383 4.00% 6/1/205210 | | | 895 | | | | 842 | |
Freddie Mac Pool #RA7556 4.50% 6/1/205210 | | | 26,448 | | | | 25,449 | |
Freddie Mac Pool #RA7502 5.00% 6/1/205210 | | | 136 | | | | 133 | |
Freddie Mac Pool #QE6185 5.00% 7/1/205210 | | | 717 | | | | 705 | |
Freddie Mac Pool #RA7618 5.00% 7/1/205210 | | | 392 | | | | 385 | |
Freddie Mac Pool #SD7556 3.00% 8/1/205210 | | | 31,392 | | | | 27,875 | |
Freddie Mac Pool #QE7539 4.50% 8/1/205210 | | | 14,471 | | | | 13,925 | |
Freddie Mac Pool #QE8282 5.00% 8/1/205210 | | | 28 | | | | 27 | |
Freddie Mac Pool #QE7987 5.50% 8/1/205210 | | | 358 | | | | 358 | |
Freddie Mac Pool #RA7938 5.00% 9/1/205210 | | | 10,256 | | | | 10,064 | |
Freddie Mac Pool #QF2221 4.00% 10/1/205210 | | | 4,881 | | | | 4,587 | |
Freddie Mac Pool #QF2223 4.00% 10/1/205210 | | | 336 | | | | 316 | |
Freddie Mac Pool #QF1254 4.50% 10/1/205210 | | | 21,704 | | | | 20,882 | |
Freddie Mac Pool #QF2368 4.50% 10/1/205210 | | | 3,129 | | | | 3,010 | |
Freddie Mac Pool #QF2009 4.50% 10/1/205210 | | | 351 | | | | 338 | |
Freddie Mac Pool #SD1896 4.00% 11/1/205210 | | | 135,766 | | | | 129,383 | |
Freddie Mac Pool #SD1894 4.00% 11/1/205210 | | | 47,370 | | | | 45,352 | |
Freddie Mac Pool #QF2960 4.50% 11/1/205210 | | | 2,843 | | | | 2,736 | |
Freddie Mac Pool #SD2948 5.50% 11/1/205210 | | | 64,057 | | | | 63,832 | |
Freddie Mac Pool #SD8276 5.00% 12/1/205210 | | | 158,334 | | | | 155,281 | |
Freddie Mac Pool #SD1961 5.50% 12/1/205210 | | | 11,256 | | | | 11,240 | |
Freddie Mac Pool #SD8287 4.50% 1/1/205310 | | | 10,245 | | | | 9,856 | |
Freddie Mac Pool #SD8288 5.00% 1/1/205310 | | | 1,616 | | | | 1,584 | |
Freddie Mac Pool #SD8290 6.00% 1/1/205310 | | | 376,712 | | | | 380,188 | |
Freddie Mac Pool #QF6121 6.00% 1/1/205310 | | | 661 | | | | 667 | |
Freddie Mac Pool #SD2246 6.00% 1/1/205310 | | | 68 | | | | 68 | |
Freddie Mac Pool #QF7774 5.50% 2/1/205310 | | | 6,248 | | | | 6,222 | |
Freddie Mac Pool #QF7144 5.50% 2/1/205310 | | | 5,403 | | | | 5,391 | |
Freddie Mac Pool #QF7483 5.50% 2/1/205310 | | | 922 | | | | 918 | |
Freddie Mac Pool #QF8331 5.50% 2/1/205310 | | | 606 | | | | 605 | |
Freddie Mac Pool #SD8301 6.00% 2/1/205310 | | | 99,892 | | | | 100,814 | |
Freddie Mac Pool #SD2618 6.00% 2/1/205310 | | | 64 | | | | 65 | |
Freddie Mac Pool #SD8306 4.50% 3/1/205310 | | | 401 | | | | 386 | |
Freddie Mac Pool #QF8936 4.50% 3/1/205310 | | | 245 | | | | 236 | |
Freddie Mac Pool #QF8462 5.50% 3/1/205310 | | | 24,371 | | | | 24,268 | |
Freddie Mac Pool #QF9076 5.50% 3/1/205310 | | | 8,000 | | | | 7,966 | |
Freddie Mac Pool #SD8314 4.50% 4/1/205310 | | | 1,732 | | | | 1,666 | |
Freddie Mac Pool #SD2716 5.00% 4/1/205310 | | | 19,328 | | | | 18,961 | |
Freddie Mac Pool #SD8315 5.00% 4/1/205310 | | | 4,520 | | | | 4,432 | |
Freddie Mac Pool #SD8316 5.50% 4/1/205310 | | | 36,048 | | | | 35,895 | |
Freddie Mac Pool #QG1266 5.50% 4/1/205310 | | | 500 | | | | 498 | |
Freddie Mac Pool #SD8317 6.00% 4/1/205310 | | | — | 6 | | | — | 6 |
Freddie Mac Pool #SD8324 5.50% 5/1/205310 | | | 192,314 | | | | 191,499 | |
Freddie Mac Pool #QG3382 5.50% 5/1/205310 | | | 7,282 | | | | 7,251 | |
Freddie Mac Pool #QG3365 5.50% 5/1/205310 | | | 5,000 | | | | 4,978 | |
Freddie Mac Pool #QG1719 5.50% 5/1/205310 | | | 47 | | | | 46 | |
Freddie Mac Pool #SD8325 6.00% 5/1/205310 | | | 191,979 | | | | 193,751 | |
Freddie Mac Pool #SD8334 6.50% 5/1/205310 | | | 19,527 | | | | 19,951 | |
Freddie Mac Pool #SD8329 5.00% 6/1/205310 | | | 6,331 | | | | 6,207 | |
Freddie Mac Pool #SD8331 5.50% 6/1/205310 | | | 193,980 | | | | 193,158 | |
Freddie Mac Pool #QG4632 5.50% 6/1/205310 | | | 16,374 | | | | 16,304 | |
Freddie Mac Pool #QG5136 5.50% 6/1/205310 | | | 8,745 | | | | 8,708 | |
Freddie Mac Pool #QG5097 5.50% 6/1/205310 | | | 7,999 | | | | 7,965 | |
Freddie Mac Pool #QG4732 5.50% 6/1/205310 | | | 36 | | | | 36 | |
Freddie Mac Pool #QG3775 5.50% 6/1/205310 | | | 25 | | | | 25 | |
Freddie Mac Pool #SD8332 6.00% 6/1/205310 | | | 274,429 | | | | 276,961 | |
The Bond Fund of America | 41 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Freddie Mac Pool #SD3240 6.00% 6/1/205310 | | USD | 66,097 | | | $ | 66,707 | |
Freddie Mac Pool #RA9279 6.00% 6/1/205310 | | | 21,114 | | | | 21,402 | |
Freddie Mac Pool #RA9283 6.00% 6/1/205310 | | | 20,253 | | | | 20,549 | |
Freddie Mac Pool #RA9281 6.00% 6/1/205310 | | | 12,873 | | | | 12,997 | |
Freddie Mac Pool #RA9284 6.00% 6/1/205310 | | | 8,964 | | | | 9,183 | |
Freddie Mac Pool #QG4096 6.00% 6/1/205310 | | | 475 | | | | 479 | |
Freddie Mac Pool #RA9294 6.50% 6/1/205310 | | | 9,438 | | | | 9,677 | |
Freddie Mac Pool #RA9292 6.50% 6/1/205310 | | | 7,927 | | | | 8,120 | |
Freddie Mac Pool #RA9289 6.50% 6/1/205310 | | | 7,698 | | | | 7,943 | |
Freddie Mac Pool #RA9288 6.50% 6/1/205310 | | | 7,382 | | | | 7,642 | |
Freddie Mac Pool #RA9287 6.50% 6/1/205310 | | | 5,078 | | | | 5,263 | |
Freddie Mac Pool #RA9290 6.50% 6/1/205310 | | | 3,954 | | | | 4,071 | |
Freddie Mac Pool #RA9291 6.50% 6/1/205310 | | | 2,737 | | | | 2,796 | |
Freddie Mac Pool #RA9295 6.50% 6/1/205310 | | | 2,016 | | | | 2,097 | |
Freddie Mac Pool #SD8341 5.00% 7/1/205310 | | | 143,753 | | | | 140,939 | |
Freddie Mac Pool #SD8342 5.50% 7/1/205310 | | | 853,511 | | | | 849,893 | |
Freddie Mac Pool #SD3356 6.00% 7/1/205310 | | | 51,865 | | | | 52,344 | |
Freddie Mac Pool #SD8343 6.00% 7/1/205310 | | | 2,558 | | | | 2,582 | |
Freddie Mac, Series 2122, Class QM, 6.25% 2/15/202910 | | | 196 | | | | 196 | |
Freddie Mac, Series K749, Class AM, 2.12% 6/25/202910 | | | 2,069 | | | | 1,804 | |
Freddie Mac, Series K127, Class A2, 2.108% 1/25/203110 | | | 1,000 | | | | 847 | |
Freddie Mac, Series K136, Class A2, 2.127% 11/25/203110 | | | 142 | | | | 119 | |
Freddie Mac, Series 3257, Class PA, 5.50% 12/15/203610 | | | 2,197 | | | | 2,229 | |
Freddie Mac, Series 3286, Class JN, 5.50% 2/15/203710 | | | 1,639 | | | | 1,665 | |
Freddie Mac, Series 3318, Class JT, 5.50% 5/15/203710 | | | 870 | | | | 880 | |
Freddie Mac, Series K036, Class A2, Multi Family, 3.527% 10/25/202310 | | | 1,711 | | | | 1,700 | |
Freddie Mac, Series K044, Class A2, Multi Family, 2.811% 1/25/202510 | | | 19,178 | | | | 18,457 | |
Freddie Mac, Series K046, Class A2, Multi Family, 3.205% 3/25/202510 | | | 4,410 | | | | 4,260 | |
Freddie Mac, Series KPLB, Class A, Multi Family, 2.77% 5/25/202510 | | | 11,729 | | | | 11,191 | |
Freddie Mac, Series K732, Class A2, Multi Family, 3.70% 5/25/202510 | | | 7,079 | | | | 6,884 | |
Freddie Mac, Series K048, Class A2, Multi Family, 3.284% 6/25/20253,10 | | | 562 | | | | 542 | |
Freddie Mac, Series K049, Class A2, Multi Family, 3.01% 7/25/202510 | | | 2,789 | | | | 2,672 | |
Freddie Mac, Series K734, Class A2, Multi Family, 3.208% 2/25/202610 | | | 3,065 | | | | 2,942 | |
Freddie Mac, Series K060, Class A2, Multi Family, 3.30% 10/25/202610 | | | 400 | | | | 381 | |
Freddie Mac, Series K064, Class A2, Multi Family, 3.224% 3/25/20273,10 | | | 1,000 | | | | 951 | |
Freddie Mac, Series K074, Class A2, Multi Family, 3.60% 1/25/202810 | | | 955 | | | | 915 | |
Freddie Mac, Series K742, Class A2, Multi Family, 1.76% 3/25/202810 | | | 3,000 | | | | 2,647 | |
Freddie Mac, Series K076, Class A2, Multi Family, 3.90% 4/25/202810 | | | 3,965 | | | | 3,849 | |
Freddie Mac, Series K078, Class A2, Multi Family, 3.854% 6/25/202810 | | | 4,000 | | | | 3,877 | |
Freddie Mac, Series K079, Class A2, Multi Family, 3.926% 6/25/202810 | | | 172 | | | | 167 | |
Freddie Mac, Series K081, Class A2, Multi Family, 3.90% 8/25/20283,10 | | | 1,700 | | | | 1,650 | |
Freddie Mac, Series K082, Class A2, Multi Family, 3.92% 9/25/20283,10 | | | 1,680 | | | | 1,631 | |
Freddie Mac, Series K083, Class A2, Multi Family, 4.05% 9/25/20283,10 | | | 3,000 | | | | 2,929 | |
Freddie Mac, Series K084, Class A2, Multi Family, 3.78% 10/25/20283,10 | | | 6,045 | | | | 5,822 | |
Freddie Mac, Series K089, Class A2, Multi Family, 3.563% 1/25/202910 | | | 5,249 | | | | 4,995 | |
Freddie Mac, Series K090, Class A2, Multi Family, 3.422% 2/25/202910 | | | 5,000 | | | | 4,723 | |
Freddie Mac, Series K749, Class A2, Multi Family, 2.12% 6/25/202910 | | | 2,113 | | | | 1,862 | |
Freddie Mac, Series K101, Class A2, Multi Family, 2.524% 10/25/202910 | | | 62 | | | | 55 | |
Freddie Mac, Series K751, Class A2, Multi Family, 4.412% 3/25/203010 | | | 118,468 | | | | 117,562 | |
Freddie Mac, Series K137, Class A2, Multi Family, 2.347% 11/25/20313,10 | | | 306 | | | | 260 | |
Freddie Mac, Series K140, Class A2, Multi Family, 2.25% 1/25/203210 | | | 417 | | | | 351 | |
Freddie Mac, Series K144, Class A2, Multi Family, 2.45% 4/25/203210 | | | 7,501 | | | | 6,412 | |
Freddie Mac, Series K143, Class A2, Multi Family, 2.35% 6/25/203210 | | | 7,984 | | | | 6,796 | |
Freddie Mac, Series K144, Class AM, Multi Family, 2.45% 7/25/203210 | | | 5,000 | | | | 4,249 | |
Freddie Mac, Series K144, Class A2, Multi Family, 2.45% 7/25/203210 | | | 3,551 | | | | 3,035 | |
Freddie Mac, Series K152, Class A2, Multi Family, 3.80% 10/25/20323,10 | | | 2,010 | | | | 1,908 | |
Freddie Mac, Series K152, Class A2, Multi Family, 3.78% 11/25/203210 | | | 21,945 | | | | 20,805 | |
Freddie Mac, Series K151, Class A2, Multi Family, 3.80% 12/25/203210 | | | 6,865 | | | | 6,519 | |
Freddie Mac, Series K153, Class A2, Multi Family, 3.82% 1/25/203310 | | | 13,000 | | | | 12,355 | |
Freddie Mac, Series K156, Class A2, Multi Family, 4.43% 2/25/20333,10 | | | 24,842 | | | | 24,777 | |
Freddie Mac, Series K155, Class A2, Multi Family, 4.25% 4/25/203310 | | | 4,000 | | | | 3,935 | |
Freddie Mac, Series K105, Class A2, Multi Family, 1.872% 3/25/205310 | | | 23 | | | | 20 | |
Freddie Mac, Series 3147, Class OD, principal only, 0% 4/15/203610 | | | 242 | | | | 209 | |
Freddie Mac, Series 3136, Class OP, principal only, 0% 4/15/203610 | | | 236 | | | | 203 | |
Freddie Mac, Series 3156, Class PO, principal only, 0% 5/15/203610 | | | 874 | | | | 731 | |
Freddie Mac, Series 3149, Class MO, principal only, 0% 5/15/203610 | | | 109 | | | | 93 | |
Freddie Mac, Series 3149, Class AO, principal only, 0% 5/15/203610 | | | 95 | | | | 80 | |
42 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/20563,10 | | USD | 24,118 | | | $ | 22,319 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class MA, 3.00% 1/25/205610 | | | 3,319 | | | | 3,049 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class MT, 3.00% 7/25/205610 | | | 5,501 | | | | 4,814 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 3.25% 7/25/20563,10 | | | 9,960 | | | | 9,270 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 7/25/205610 | | | 1,114 | | | | 990 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/205610 | | | 29,138 | | | | 26,842 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/20563,10 | | | 27,960 | | | | 25,831 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 5/25/205710 | | | 5,893 | | | | 5,087 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 6/25/20573,10 | | | 8,491 | | | | 7,627 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 6/25/205710 | | | 5,241 | | | | 4,700 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class M45T, 4.50% 6/25/205710 | | | 4,713 | | | | 4,540 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/205710 | | | 46,556 | | | | 43,769 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 11/25/205710 | | | 8,776 | | | | 7,832 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 7/25/205810 | | | 2,966 | | | | 2,645 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 7/25/205810 | | | 1,277 | | | | 1,196 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 8/25/205810 | | | 21,181 | | | | 19,796 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 8/26/205810 | | | 2,498 | | | | 2,229 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 10/25/205810 | | | 1,550 | | | | 1,383 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MA, 3.50% 10/25/205810 | | | 537 | | | | 503 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 2/25/205910 | | | 93,016 | | | | 84,948 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 6/25/202810 | | | 18,696 | | | | 17,652 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 11/25/202810 | | | 14,177 | | | | 13,379 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-2, Class A1C, 2.75% 9/25/202910 | | | 49,788 | | | | 45,557 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, 2.75% 11/25/202910 | | | 25,912 | | | | 23,671 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2022-1, Class A1, 3.50% 5/25/203210 | | | 36,616 | | | | 34,234 | |
FREMF Mortgage Trust, Series K-142, Class A2, 2.40% 3/25/203210 | | | 7,924 | | | | 6,754 | |
Government National Mortgage Assn. 2.00% 7/1/205310,11 | | | 39,500 | | | | 33,210 | |
Government National Mortgage Assn. 2.50% 7/1/205310,11 | | | 11,943 | | | | 10,343 | |
Government National Mortgage Assn. 3.00% 7/1/205310,11 | | | 21,836 | | | | 19,515 | |
Government National Mortgage Assn. 3.50% 7/1/205310,11 | | | 236,139 | | | | 217,976 | |
Government National Mortgage Assn. 4.00% 7/1/205310,11 | | | 233,190 | | | | 220,683 | |
Government National Mortgage Assn. 4.50% 7/1/205310,11 | | | 493,230 | | | | 476,082 | |
Government National Mortgage Assn. 5.50% 7/1/205310,11 | | | 249,548 | | | | 248,398 | |
Government National Mortgage Assn. 2.50% 8/1/205310,11 | | | 17,300 | | | | 14,994 | |
Government National Mortgage Assn. 3.00% 8/1/205310,11 | | | 86,700 | | | | 77,552 | |
Government National Mortgage Assn. 3.50% 8/1/205310,11 | | | 27,800 | | | | 25,691 | |
Government National Mortgage Assn. 4.00% 8/1/205310,11 | | | 159,700 | | | | 151,235 | |
Government National Mortgage Assn. 4.50% 8/1/205310,11 | | | 79,421 | | | | 76,697 | |
Government National Mortgage Assn. 5.00% 8/1/205310,11 | | | 94,238 | | | | 92,582 | |
Government National Mortgage Assn. 5.50% 8/1/205310,11 | | | 100,000 | | | | 99,492 | |
Government National Mortgage Assn. Pool #MA0908 2.50% 4/20/202810 | | | 480 | | | | 457 | |
Government National Mortgage Assn. Pool #AB3820 5.00% 12/20/203510 | | | 180 | | | | 177 | |
The Bond Fund of America | 43 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | | | |
Government National Mortgage Assn. Pool #AB3587 6.50% 12/20/203810 | | USD | 31 | | | $ | 31 | |
Government National Mortgage Assn. Pool #AB3819 5.00% 12/20/203910 | | | 272 | | | | 268 | |
Government National Mortgage Assn. Pool #004636 4.50% 2/20/204010 | | | 798 | | | | 793 | |
Government National Mortgage Assn. Pool #783689 5.50% 2/20/204010 | | | 1,391 | | | | 1,434 | |
Government National Mortgage Assn. Pool #AB3818 4.50% 6/20/204110 | | | 66 | | | | 64 | |
Government National Mortgage Assn. Pool #783688 5.00% 6/20/204110 | | | 1,179 | | | | 1,200 | |
Government National Mortgage Assn. Pool #AC2886 4.50% 8/20/204110 | | | 599 | | | | 586 | |
Government National Mortgage Assn. Pool #AB3664 4.50% 8/20/204110 | | | 117 | | | | 113 | |
Government National Mortgage Assn. Pool #783687 4.50% 12/20/204110 | | | 3,740 | | | | 3,668 | |
Government National Mortgage Assn. Pool #754353 3.50% 4/20/204210 | | | 292 | | | | 270 | |
Government National Mortgage Assn. Pool #AD7620 3.50% 3/20/204310 | | | 920 | | | �� | 850 | |
Government National Mortgage Assn. Pool #BC1530 3.00% 8/20/204710 | | | 3,517 | | | | 3,164 | |
Government National Mortgage Assn. Pool #BC1565 3.00% 8/20/204710 | | | 1,314 | | | | 1,181 | |
Government National Mortgage Assn. Pool #MA5019 3.50% 2/20/204810 | | | 238 | | | | 223 | |
Government National Mortgage Assn. Pool #MA5263 3.50% 6/20/204810 | | | 1,913 | | | | 1,787 | |
Government National Mortgage Assn. Pool #MA5332 5.00% 7/20/204810 | | | 37 | | | | 37 | |
Government National Mortgage Assn. Pool #MA5527 3.50% 10/20/204810 | | | 1,496 | | | | 1,401 | |
Government National Mortgage Assn. Pool #MA5594 3.50% 11/20/204810 | | | 2,373 | | | | 2,217 | |
Government National Mortgage Assn. Pool #MA5652 4.50% 12/20/204810 | | | 2,079 | | | | 2,032 | |
Government National Mortgage Assn. Pool #MA5754 4.50% 2/20/204910 | | | 33 | | | | 32 | |
Government National Mortgage Assn. Pool #MA5755 5.00% 2/20/204910 | | | 120 | | | | 117 | |
Government National Mortgage Assn. Pool #MA5817 4.00% 3/20/204910 | | | 10,494 | | | | 10,040 | |
Government National Mortgage Assn. Pool #MA5818 4.50% 3/20/204910 | | | 1,843 | | | | 1,801 | |
Government National Mortgage Assn. Pool #MA6041 4.50% 7/20/204910 | | | 300 | | | | 293 | |
Government National Mortgage Assn. Pool #MA6042 5.00% 7/20/204910 | | | 73 | | | | 73 | |
Government National Mortgage Assn. Pool #MA6156 4.50% 9/20/204910 | | | 1,851 | | | | 1,804 | |
Government National Mortgage Assn. Pool #MA6600 3.50% 4/20/205010 | | | 74,074 | | | | 69,056 | |
Government National Mortgage Assn. Pool #MA6602 4.50% 4/20/205010 | | | 454 | | | | 443 | |
Government National Mortgage Assn. Pool #BZ3978 2.50% 11/20/205010 | | | 1,574 | | | | 1,359 | |
Government National Mortgage Assn. Pool #MA7259 4.50% 3/20/205110 | | | 20,650 | | | | 20,210 | |
Government National Mortgage Assn. Pool #785607 2.50% 8/20/205110 | | | 51,536 | | | | 44,021 | |
Government National Mortgage Assn. Pool #785575 2.50% 8/20/205110 | | | 33,051 | | | | 28,164 | |
Government National Mortgage Assn. Pool #785659 2.50% 10/20/205110 | | | 39,007 | | | | 33,137 | |
Government National Mortgage Assn. Pool #786706 2.50% 12/20/205110 | | | 10,120 | | | | 8,812 | |
Government National Mortgage Assn. Pool #786502 2.50% 2/20/205210 | | | 1,842 | | | | 1,590 | |
Government National Mortgage Assn. Pool #785998 2.50% 3/20/205210 | | | 3,222 | | | | 2,745 | |
Government National Mortgage Assn. Pool #786701 2.50% 3/20/205210 | | | 644 | | | | 556 | |
Government National Mortgage Assn. Pool #786647 2.50% 3/20/205210 | | | 111 | | | | 96 | |
Government National Mortgage Assn. Pool #MA8426 4.00% 11/20/205210 | | | — | 6 | | | — | 6 |
Government National Mortgage Assn. Pool #694836 5.75% 9/20/205910 | | | 1 | | | | 1 | |
Government National Mortgage Assn. Pool #721648 5.05% 4/20/206110 | | | 3 | | | | 3 | |
Government National Mortgage Assn. Pool #725876 4.86% 9/20/206110 | | | — | 6 | | | — | 6 |
Government National Mortgage Assn. Pool #710085 5.03% 9/20/206110 | | | 3 | | | | 3 | |
Government National Mortgage Assn. Pool #725879 4.881% 10/20/206110 | | | 1 | | | | 1 | |
Government National Mortgage Assn. Pool #AC1008 4.351% 10/20/206310 | | | 1 | | | | 1 | |
Government National Mortgage Assn. Pool #776095 4.854% 2/20/206410 | | | 1 | | | | 1 | |
Government National Mortgage Assn. Pool #725893 5.20% 9/20/206410 | | | — | 6 | | | — | 6 |
Government National Mortgage Assn. Pool #AG8238 4.865% 12/20/206410 | | | 2 | | | | 2 | |
Government National Mortgage Assn. Pool #AE9612 4.852% 1/20/206510 | | | 2 | | | | 2 | |
Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/206310 | | | 11,910 | | | | 9,166 | |
Uniform Mortgage-Backed Security 1.50% 7/1/203810,11 | | | 840 | | | | 724 | |
Uniform Mortgage-Backed Security 2.00% 7/1/203810,11 | | | 42,000 | | | | 37,223 | |
Uniform Mortgage-Backed Security 2.50% 7/1/203810,11 | | | 4,400 | | | | 4,006 | |
Uniform Mortgage-Backed Security 3.50% 7/1/203810,11 | | | 37,000 | | | | 35,180 | |
Uniform Mortgage-Backed Security 4.00% 7/1/203810,11 | | | 19,710 | | | | 19,027 | |
Uniform Mortgage-Backed Security 2.50% 8/1/203810,11 | | | 43,600 | | | | 39,759 | |
Uniform Mortgage-Backed Security 4.00% 8/1/203810,11 | | | 45,790 | | | | 44,236 | |
Uniform Mortgage-Backed Security 2.00% 7/1/205310,11 | | | 58,987 | | | | 48,118 | |
Uniform Mortgage-Backed Security 2.50% 7/1/205310,11 | | | 151,362 | | | | 128,374 | |
Uniform Mortgage-Backed Security 3.00% 7/1/205310,11 | | | 187,836 | | | | 165,347 | |
Uniform Mortgage-Backed Security 3.50% 7/1/205310,11 | | | 578,996 | | | | 527,678 | |
Uniform Mortgage-Backed Security 4.00% 7/1/205310,11 | | | 753,007 | | | | 706,738 | |
Uniform Mortgage-Backed Security 4.50% 7/1/205310,11 | | | 252,500 | | | | 242,775 | |
Uniform Mortgage-Backed Security 5.00% 7/1/205310,11 | | | 975,843 | | | | 956,250 | |
Uniform Mortgage-Backed Security 5.50% 7/1/205310,11 | | | 77,960 | | | | 77,613 | |
Uniform Mortgage-Backed Security 5.50% 7/1/205310,11 | | | 31,857 | | | | 31,706 | |
Uniform Mortgage-Backed Security 6.00% 7/1/205310,11 | | | 994,172 | | | | 1,003,026 | |
44 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Federal agency mortgage-backed obligations (continued) | | | | | | |
Uniform Mortgage-Backed Security 6.50% 7/1/205310,11 | | USD | 60,610 | | | $ | 61,889 | |
Uniform Mortgage-Backed Security 2.00% 8/1/205310,11 | | | 490,210 | | | | 400,459 | |
Uniform Mortgage-Backed Security 2.50% 8/1/205310,11 | | | 915,360 | | | | 777,484 | |
Uniform Mortgage-Backed Security 3.00% 8/1/205310,11 | | | 135,200 | | | | 119,182 | |
Uniform Mortgage-Backed Security 3.50% 8/1/205310,11 | | | 172,100 | | | | 157,008 | |
Uniform Mortgage-Backed Security 4.00% 8/1/205310,11 | | | 113,040 | | | | 106,183 | |
Uniform Mortgage-Backed Security 4.50% 8/1/205310,11 | | | 280,446 | | | | 269,776 | |
Uniform Mortgage-Backed Security 6.00% 8/1/205310,11 | | | 81,634 | | | | 82,341 | |
Uniform Mortgage-Backed Security 6.50% 8/1/205310,11 | | | 6,651 | | | | 6,787 | |
| | | | | | | 21,436,687 | |
| | | | | | | | |
Commercial mortgage-backed securities 1.93% | | | | | | | | |
3650R Commercial Mortgage Trust, Series 2022-PF2, Class A5, 5.466% 11/15/20553,10 | | | 2,275 | | | | 2,239 | |
Arbor Multi Family Mortgage Securities Trust, Series 2020-MF1, Class A5, 2.756% 5/15/20532,10 | | | 1,000 | | | | 855 | |
Banc of America Commercial Mortgage, Inc., Series 2015-UBS7, Class A4, 3.705% 9/15/204810 | | | 2,750 | | | | 2,609 | |
Banc of America Commercial Mortgage, Inc., Series 2017-BNK3, Class A4, 3.574% 2/15/205010 | | | 115 | | | | 107 | |
Bank Commercial Mortgage Trust, Series 2023-5YR2, Class AS, 6.878% 6/15/202810 | | | 1,940 | | | | 2,005 | |
Bank Commercial Mortgage Trust, Series 2019-BN16, Class A4, 4.005% 2/15/205210 | | | 3,920 | | | | 3,640 | |
Bank Commercial Mortgage Trust, Series 2019-BN17, Class A4, 3.714% 4/15/205210 | | | 255 | | | | 233 | |
Bank Commercial Mortgage Trust, Series 2020-BNK29, Class A4, 1.997% 11/15/205310 | | | 5,624 | | | | 4,360 | |
Bank Commercial Mortgage Trust, Series 2021-BN31, Class A4, 2.036% 2/15/205410 | | | 235 | | | | 187 | |
Bank Commercial Mortgage Trust, Series 2017-BNK9, Class A4, 3.538% 11/15/205410 | | | 135 | | | | 124 | |
Bank Commercial Mortgage Trust, Series 2022-BNK43, Class A5, 4.399% 8/15/205510 | | | 28,219 | | | | 26,508 | |
Bank Commercial Mortgage Trust, Series 2023-5YR1, Class A3, 6.26% 3/15/20563,10 | | | 24,749 | | | | 25,207 | |
Bank Commercial Mortgage Trust, Series 2017-BNK7, Class A5, 3.435% 9/15/206010 | | | 3,750 | | | | 3,439 | |
Bank Commercial Mortgage Trust, Series 2018-BN10, Class A5, 3.688% 2/15/206110 | | | 2,510 | | | | 2,318 | |
Bank Commercial Mortgage Trust, Series 2018-BN10, Class A4, 3.428% 2/17/206110 | | | 321 | | | | 294 | |
Bank Commercial Mortgage Trust, Series 2019-BN12, Class A3, 3.99% 5/15/206110 | | | 500 | | | | 468 | |
Bank Commercial Mortgage Trust, Series 2018-BN12, Class A4, 4.255% 5/15/20613,10 | | | 11,116 | | | | 10,502 | |
Bank Commercial Mortgage Trust, Series 2019-BN19, Class A3, 3.183% 8/15/206110 | | | 2,546 | | | | 2,197 | |
Bank Commercial Mortgage Trust, Series 2018-BN13, Class A5, 4.217% 8/15/20613,10 | | | 250 | | | | 235 | |
Bank Commercial Mortgage Trust, Series 2018-BN15, Class A3, 4.138% 11/15/206110 | | | 496 | | | | 469 | |
Bank Commercial Mortgage Trust, Series 2020-BN28, Class A4, 1.844% 3/15/206310 | | | 1,766 | | | | 1,401 | |
Bank Commercial Mortgage Trust, Series 2020-BN26, Class A4, 2.403% 3/15/206310 | | | 1,654 | | | | 1,377 | |
Bank of America Merrill Lynch Large Loan, Inc., Series 2015-200P, Class A, 3.218% 4/14/20332,10 | | | 3,800 | | | | 3,532 | |
Benchmark Mortgage Trust, Series 2018-B2, Class A4, 3.615% 2/15/205110 | | | 3,475 | | | | 3,167 | |
Benchmark Mortgage Trust, Series 2018-B3, Class A5, 4.025% 4/10/205110 | | | 5,890 | | | | 5,448 | |
Benchmark Mortgage Trust, Series 2018-B4, Class A5, 4.121% 7/15/20513,10 | | | 90 | | | | 84 | |
Benchmark Mortgage Trust, Series 2018-B8, Class A5, 4.232% 1/15/205210 | | | 6,351 | | | | 5,843 | |
Benchmark Mortgage Trust, Series 2020-B17, Class A5, 2.289% 3/15/205310 | | | 944 | | | | 762 | |
Benchmark Mortgage Trust, Series 2018-B7, Class A3, 4.241% 5/15/205310 | | | 1,000 | | | | 929 | |
Benchmark Mortgage Trust, Series 2018-B7, Class A4, 4.51% 5/15/20533,10 | | | 6,954 | | | | 6,551 | |
Benchmark Mortgage Trust, Series 2020-B19, Class A5, 1.85% 9/15/205310 | | | 10,000 | | | | 7,764 | |
Benchmark Mortgage Trust, Series 2021-B23, Class A5, 2.07% 2/15/205410 | | | 5,000 | | | | 3,854 | |
Benchmark Mortgage Trust, Series 2021-B24, Class A4, 2.264% 3/15/205410 | | | 900 | | | | 720 | |
Benchmark Mortgage Trust, Series 2021-B25, Class A5, 2.577% 4/15/205410 | | | 14,719 | | | | 11,731 | |
Benchmark Mortgage Trust, Series 2021-B27, Class A5, 2.39% 7/15/205410 | | | 5,000 | | | | 3,921 | |
Benchmark Mortgage Trust, Series 2021-B31, Class A5, 2.669% 12/15/205410 | | | 5,000 | | | | 4,098 | |
Benchmark Mortgage Trust, Series 2022-B32, Class A5, 3.002% 1/15/205510 | | | 11,500 | | | | 9,357 | |
Benchmark Mortgage Trust, Series 2022-B33, Class A5, 3.458% 3/15/205510 | | | 3,000 | | | | 2,627 | |
Benchmark Mortgage Trust, Series 2022-B35, Class A5, 4.593% 5/15/20553,10 | | | 6,928 | | | | 6,337 | |
Benchmark Mortgage Trust, Series 2022-B36, Class A5, 4.470% 7/15/20553,10 | | | 29,367 | | | | 27,598 | |
Benchmark Mortgage Trust, Series 2022-B37, Class A5, 5.943% 11/15/20553,10 | | | 2,522 | | | | 2,626 | |
Benchmark Mortgage Trust, Series 2023-B38, Class A4, 5.525% 4/15/205610 | | | 7,636 | | | | 7,779 | |
Benchmark Mortgage Trust, Series 2019-B13, Class A4, 2.952% 8/15/205710 | | | 730 | | | | 631 | |
Benchmark Mortgage Trust, Series 2019-B10, Class A3, 3.455% 3/15/206210 | | | 500 | | | | 449 | |
Benchmark Mortgage Trust, Series 2019-B14, Class AS, 3.049% 12/15/206210 | | | 5,000 | | | | 4,323 | |
BOCA Commercial Mortgage Trust, Series 2022-BOCA, Class A, (1-month USD CME Term SOFR + 1.77%) 6.917% 5/15/20392,3,10 | | | 60,445 | | | | 60,109 | |
BPR Trust, Series 2022-OANA, Class A, (1-month USD CME Term SOFR + 1.898%) 7.045% 4/15/20372,3,10 | | | 20,378 | | | | 19,811 | |
BX Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) 7.262% 6/15/20272,3,10 | | | 54,030 | | | | 54,028 | |
The Bond Fund of America | 45 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Commercial mortgage-backed securities (continued) | | | | | | |
BX Trust, Series 2021-SDMF, Class A, (1-month USD-LIBOR + 0.589%) 5.782% 9/15/20342,3,10 | | USD | 954 | | | $ | 922 | |
BX Trust, Series 2021-VOLT, Class A, (1-month USD-LIBOR + 0.70%) 5.893% 9/15/20362,3,10 | | | 103,652 | | | | 100,426 | |
BX Trust, Series 2021-ARIA, Class A, (1-month USD-LIBOR + 0.899%) 6.092% 10/15/20362,3,10 | | | 26,873 | | | | 26,075 | |
BX Trust, Series 2021-RISE, Class A, (1-month USD-LIBOR + 0.74%) 5.941% 11/15/20362,3,10 | | | 74,996 | | | | 73,063 | |
BX Trust, Series 2022-IND, Class A, (1-month USD CME Term SOFR + 1.491%) 6.638% 4/15/20372,3,10 | | | 34,319 | | | | 33,848 | |
BX Trust, Series 2021-SOAR, Class A, (1-month USD-LIBOR + 0.67%) 5.863% 6/15/20382,3,10 | | | 41,880 | | | | 40,821 | |
BX Trust, Series 2021-ACNT, Class A, (1-month USD-LIBOR + 0.85%) 6.043% 11/15/20382,3,10 | | | 66,291 | | | | 64,709 | |
BX Trust, Series 2022-PSB, Class A, (1-month USD CME Term SOFR + 2.451%) 7.598% 8/15/20392,3,10 | | | 8,719 | | | | 8,706 | |
BX Trust, Series 2022-GPA, Class A, (1-month USD CME Term SOFR + 2.165%) 7.312% 10/15/20392,3,10 | | | 21,702 | | | | 21,710 | |
BX Trust, Series 2023-VLT2, Class A, (1-month USD CME Term SOFR + 2.281%) 7.34% 6/15/20402,3,10 | | | 28,351 | | | | 28,313 | |
BXP Trust, Series 2017-GM, Class A, 3.379% 6/13/20392,10 | | | 4,500 | | | | 4,039 | |
CD Commercial Mortgage Trust, Series 2017-CD6, Class A5, 3.456% 11/13/205010 | | | 5,576 | | | | 5,057 | |
Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 6/10/20282,3,10 | | | 142,455 | | | | 142,460 | |
Citigroup Commercial Mortgage Trust, Series 2023-PRM3, Class A, 6.36% 7/10/20282,3,10 | | | 8,000 | | | | 8,147 | |
Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class B, 4.328% 5/10/20473,10 | | | 1,800 | | | | 1,675 | |
Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class A4, 2.878% 2/10/204810 | | | 755 | | | | 725 | |
Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 2/10/204910 | | | 1,525 | | | | 1,425 | |
Citigroup Commercial Mortgage Trust, Series 2016-GC37, Class A4, 3.314% 4/10/204910 | | | 2,740 | | | | 2,556 | |
Citigroup Commercial Mortgage Trust, Series 2016-C1, Class AS, 3.514% 5/10/204910 | | | 500 | | | | 454 | |
Citigroup Commercial Mortgage Trust, Series 2017-B1, Class A3, 3.197% 8/15/205010 | | | 6,159 | | | | 5,600 | |
Citigroup Commercial Mortgage Trust, Series 2017-C4, Class A4, 3.471% 10/12/205010 | | | 2,930 | | | | 2,694 | |
Citigroup Commercial Mortgage Trust, Series 2019-GC41, Class AA, 2.62% 8/10/205610 | | | 200 | | | | 170 | |
Citigroup Commercial Mortgage Trust, Series 2015-GC33, Class A3, 3.515% 9/10/205810 | | | 4,659 | | | | 4,402 | |
Commercial Mortgage Trust, Series 2012-CR3, Class AM, 3.416% 10/15/20452,10 | | | 358 | | | | 326 | |
Commercial Mortgage Trust, Series 2014-CR15, Class A4, 4.074% 2/10/20473,10 | | | 3,000 | | | | 2,958 | |
Commercial Mortgage Trust, Series 2014-CR16, Class A3, 3.775% 4/10/204710 | | | 1,921 | | | | 1,885 | |
Commercial Mortgage Trust, Series 2014-LC15, Class AM, 4.198% 4/10/204710 | | | 850 | | | | 821 | |
Commercial Mortgage Trust, Series 2014-CR16, Class AM, 4.278% 4/10/204710 | | | 1,070 | | | | 1,043 | |
Commercial Mortgage Trust, Series 2014-UBS4, Class A5, 3.694% 8/10/204710 | | | 910 | | | | 881 | |
Commercial Mortgage Trust, Series 2014-CR19, Class AM, 4.08% 8/10/204710 | | | 750 | | | | 720 | |
Commercial Mortgage Trust, Series 2014-LC17, Class A5, 3.917% 10/10/204710 | | | 886 | | | | 858 | |
Commercial Mortgage Trust, Series 2014-LC17, Class B, 4.49% 10/10/20473,10 | | | 2,200 | | | | 2,098 | |
Commercial Mortgage Trust, Series 2016-COR1, Class A4, 3.091% 10/10/204910 | | | 4,000 | | | | 3,642 | |
Commercial Mortgage Trust, Series 2015-PC1, Class A4, 3.62% 7/10/205010 | | | 1,037 | | | | 995 | |
Commercial Mortgage Trust, Series 2013-CR11, Class B, 5.290% 8/10/20503,10 | | | 500 | | | | 496 | |
Commercial Mortgage Trust, Series 2017-COR2, Class A2, 3.239% 9/10/205010 | | | 825 | | | | 758 | |
Commercial Mortgage Trust, Series 2017-COR2, Class A3, 3.51% 9/10/205010 | | | 2,261 | | | | 2,060 | |
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class AS, 4.174% 11/15/20483,10 | | | 999 | | | | 934 | |
CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B, 4.044% 4/15/20503,10 | | | 600 | | | | 530 | |
CSAIL Commercial Mortgage Trust, Series 2017-CX9, Class A4, 3.176% 9/15/205010 | | | 2,375 | | | | 2,176 | |
CSAIL Commercial Mortgage Trust, Series 2019-C17, Class A5, 3.016% 9/15/205210 | | | 2,000 | | | | 1,724 | |
CSAIL Commercial Mortgage Trust, Series 2015-C2, Class A3, 3.231% 6/15/205710 | | | 2,354 | | | | 2,262 | |
Deutsche Bank Commercial Mortgage Trust, Series 2016-C1, Class AM, 3.539% 5/10/204910 | | | 500 | | | | 456 | |
Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD-LIBOR + 1.08%) 6.273% 7/15/20382,3,10 | | | 14,100 | | | | 13,839 | |
Extended Stay America Trust, Series 2021-ESH, Class B, (1-month USD-LIBOR + 1.38%) 6.573% 7/15/20382,3,10 | | | 3,508 | | | | 3,427 | |
46 | The Bond Fund of America |
| | | | | | |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Commercial mortgage-backed securities (continued) | | | | | | |
Extended Stay America Trust, Series 2021-ESH, Class C, (1-month USD-LIBOR + 1.70%) 6.893% 7/15/20382,3,10 | | USD | 3,471 | | | $ | 3,384 | |
Extended Stay America Trust, Series 2021-ESH, Class D, (1-month USD-LIBOR + 2.25%) 7.443% 7/15/20382,3,10 | | | 3,637 | | | | 3,542 | |
FIVE Mortgage Trust, Series 2023-V1, Class A3, 5.668% 2/10/205610 | | | 11,246 | | | | 11,233 | |
Fontainebleau Miami Beach Trust, CMO, Series 2019-FBLU, Class A, 3.144% 12/10/20362,10 | | | 7,696 | | | | 7,287 | |
Grace Mortgage Trust, Series 2020-GRCE, Class A, 2.347% 12/10/20402,10 | | | 7,590 | | | | 5,918 | |
Great Wolf Trust, Series 2019-WOLF, Class A, (1-month USD CME Term SOFR + 1.148%) 6.295% 12/15/2036 (1-month USD CME Term SOFR + 1.348% on 12/15/2023)1,2,10 | | | 42,526 | | | | 42,046 | |
GS Mortgage Securities Trust, Series 2022-SHIP, Class A, (1-month USD CME Term SOFR + 0.731%) 5.878% 8/15/20242,3,10 | | | 4,884 | | | | 4,853 | |
GS Mortgage Securities Trust, Series 2022-SHIP, Class B, (1-month USD CME Term SOFR + 1.424%) 6.571% 8/15/20242,3,10 | | | 1,318 | | | | 1,311 | |
GS Mortgage Securities Trust, Series 2022-SHIP, Class D, (1-month USD CME Term SOFR + 1.607%) 6.754% 8/15/20242,3,10 | | | 3,048 | | | | 2,997 | |
GS Mortgage Securities Trust, Series 2022-SHIP, Class C, (1-month USD CME Term SOFR + 1.919%) 8.393% 8/15/2036 (1-month USD CME Term SOFR + 2.419% on 8/15/2023)1,2,10 | | | 908 | | | | 902 | |
GS Mortgage Securities Trust, Series 2014-GC24, Class A5, 3.931% 9/10/204710 | | | 5,708 | | | | 5,510 | |
GS Mortgage Securities Trust, Series 2020-GS1, Class A2, 3.47% 11/10/204810 | | | 3,000 | | | | 2,828 | |
GS Mortgage Securities Trust, Series 2016-GS4, Class A3, 3.178% 11/10/204910 | | | 2,372 | | | | 2,193 | |
GS Mortgage Securities Trust, Series 2016-GS4, Class A4, 3.442% 11/10/20493,10 | | | 2,654 | | | | 2,452 | |
GS Mortgage Securities Trust, Series 2017-GS7, Class A3, 3.167% 8/10/205010 | | | 855 | | | | 768 | |
GS Mortgage Securities Trust, Series 2017-GS7, Class A4, 3.43% 8/10/205010 | | | 1,000 | | | | 904 | |
GS Mortgage Securities Trust, Series 2019-GC38, Class A4, 3.968% 2/10/205210 | | | 255 | | | | 237 | |
GS Mortgage Securities Trust, Series 2020-GC45, Class A5, 2.911% 2/13/205310 | | | 174 | | | | 149 | |
GS Mortgage Securities Trust, Series 2020-GC47, Class A5, 2.377% 5/12/205310 | | | 7,483 | | | | 6,100 | |
ILPT Commercial Mortgage Pass-through Certificates, Series 2022-LPF2, Class A, (1-month USD CME Term SOFR + 2.245%) 7.392% 10/15/20392,3,10 | | | 23,009 | | | | 22,986 | |
JPMBB Commercial Mortgage Securities Trust, Series 2014-C18, Class A5, 4.079% 2/15/204710 | | | 8,195 | | | | 8,057 | |
JPMBB Commercial Mortgage Securities Trust, Series 2014-C19, Class A4, 3.997% 4/15/204710 | | | 1,858 | | | | 1,827 | |
JPMBB Commercial Mortgage Securities Trust, Series 2014-C19, Class B, 4.394% 4/15/20473,10 | | | 600 | | | | 574 | |
JPMBB Commercial Mortgage Securities Trust, Series 2014-C23, Class B, 4.629% 9/15/20473,10 | | | 100 | | | | 94 | |
JPMBB Commercial Mortgage Securities Trust, Series 2014-C26, Class B, 3.951% 1/15/204810 | | | 2,333 | | | | 2,090 | |
JPMDB Commercial Mortgage Securities Trust, Series 2017-C5, Class A5, 3.694% 3/15/205010 | | | 1,600 | | | | 1,477 | |
JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A5, 3.409% 10/15/205010 | | | 1,683 | | | | 1,530 | |
JPMDB Commercial Mortgage Securities Trust, Series 2019-COR6, Class A4, 3.057% 11/13/205210 | | | 975 | | | | 822 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class A, 3.024% 1/5/20392,10 | | | 42,523 | | | | 33,981 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2021-410T, Class A, 2.287% 3/5/20422,10 | | | 1,920 | | | | 1,501 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-C16, Class A4, 4.166% 12/15/204610 | | | 1,020 | | | | 1,015 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2016-JP4, Class A4, 3.648% 12/15/20493,10 | | | 5,095 | | | | 4,730 | |
Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.13% 9/10/20392,10 | | | 1,126 | | | | 962 | |
MHC Commercial Mortgage Trust, CMO, Series 2021-MHC, Class A, (1-month USD CME Term SOFR + 0.915%) 6.062% 4/15/20382,3,10 | | | 21,390 | | | | 21,018 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A4, 4.284% 8/15/20463,10 | | | 4,035 | | | | 4,021 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C13, Class A-4, 4.039% 11/15/204610 | | | 1,934 | | | | 1,915 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class A4, 4.051% 4/15/204710 | | | 238 | | | | 236 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C16, Class A4, 3.60% 6/15/204710 | | | 512 | | | | 502 | |
The Bond Fund of America | 47 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Commercial mortgage-backed securities (continued) | | | | | | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C17, Class A5, 3.741% 8/15/204710 | | USD | 24,171 | | | $ | 23,447 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C27, Class A4, 3.753% 12/15/204710 | | | 525 | | | | 496 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class A-4, 3.306% 4/15/204810 | | | 1,870 | | | | 1,775 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C25, Class A-4, 3.372% 10/15/204810 | | | 1,300 | | | | 1,237 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C30, Class A4, 2.60% 9/15/204910 | | | 246 | | | | 225 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C31, Class A-S, 3.102% 11/15/204910 | | | 3,000 | | | | 2,727 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C32, Class A-4, 3.72% 12/15/204910 | | | 5,280 | | | | 4,938 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C23, Class A3, 3.451% 7/15/205010 | | | 550 | | | | 523 | |
Morgan Stanley Capital I Trust, Series 2015-UBS8, Class AS, 4.114% 12/15/204810 | | | 1,730 | | | | 1,601 | |
One Market Plaza Trust, Series 2017-1MKT, Class A, 3.614% 2/10/20322,10 | | | 1,220 | | | | 1,129 | |
One Market Plaza Trust, Series 2017-1MKT, Class C, 4.016% 2/10/20322,10 | | | 1,000 | | | | 861 | |
SLG Office Trust, Series 2021-OVA, Class A, 2.585% 7/15/20412,10 | | | 23,334 | | | | 18,760 | |
SREIT Trust, Series 2021-FLWR, Class A, (1-month USD-LIBOR + 0.577%) 5.77% 7/15/20362,3,10 | | | 46,039 | | | | 44,703 | |
SREIT Trust, Series 2021-MFP, Class A, (1-month USD-LIBOR + 0.731%) 5.924% 11/15/20382,3,10 | | | 51,446 | | | | 50,034 | |
StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A, (1-month USD CME Term SOFR + 1.00%) 6.147% 1/15/20392,3,10 | | | 55,785 | | | | 54,121 | |
Wells Fargo Commercial Mortgage Trust, Series 2014-LC18, Class A5, 3.405% 12/15/204710 | | | 290 | | | | 277 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class A4, 3.54% 5/15/204810 | | | 4,380 | | | | 4,164 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-SG1, Class A-4, 3.789% 9/15/204810 | | | 6,906 | | | | 6,554 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class A4, 3.695% 11/15/204810 | | | 1,400 | | | | 1,324 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-P2, Class A4, 3.809% 12/15/204810 | | | 1,137 | | | | 1,076 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class A4, 3.096% 6/15/204910 | | | 6,190 | | | | 5,689 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class AS, 3.484% 6/15/204910 | | | 380 | | | | 344 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-C37, Class A5, 3.794% 12/15/204910 | | | 6,370 | | | | 5,965 | |
Wells Fargo Commercial Mortgage Trust, Series 2014-LC16, Class A5, 3.817% 8/15/205010 | | | 2,302 | | | | 2,234 | |
Wells Fargo Commercial Mortgage Trust, Series 2017-C40, Class A4, 3.581% 10/15/205010 | | | 1,154 | | | | 1,059 | |
Wells Fargo Commercial Mortgage Trust, Series 2018-C46, Class A3, 3.888% 8/15/205110 | | | 6,500 | | | | 6,209 | |
Wells Fargo Commercial Mortgage Trust, Series 2019-C54, Class A4, 3.146% 12/15/205210 | | | 3,898 | | | | 3,401 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-NXS3, Class D, 3.153% 9/15/20572,10 | | | 1,667 | | | | 1,377 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-LC22, Class C, 4.696% 9/15/20583,10 | | | 1,000 | | | | 899 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-C33, Class A4, 3.426% 3/15/205910 | | | 1,320 | | | | 1,234 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-C36, Class A4, 3.065% 11/15/205910 | | | 3,853 | | | | 3,498 | |
Wells Fargo Commercial Mortgage Trust, Series 2017-RC1, Class A4, 3.631% 1/15/206010 | | | 510 | | | | 473 | |
WF-RBS Commercial Mortgage Trust, Series 2013-C16, Class B, 5.161% 9/15/20463,10 | | | 1,450 | | | | 1,419 | |
WF-RBS Commercial Mortgage Trust, Series 2014-C19, Class B, 4.723% 3/15/20473,10 | | | 2,000 | | | | 1,923 | |
WF-RBS Commercial Mortgage Trust, Series 2014-C22, Class A4, 3.488% 9/15/205710 | | | 9,798 | | | | 9,472 | |
WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) 7.936% 11/15/20272,3,10 | | | 15,228 | | | | 15,248 | |
| | | | | | | 1,462,107 | |
48 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Collateralized mortgage-backed obligations (privately originated) 1.30% | | | | | | |
Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/20482,3,10 | | USD | 13,110 | | | $ | 10,525 | |
Arroyo Mortgage Trust, Series 2020-1, Class A1A, 1.662% 3/25/20552,10 | | | 421 | | | | 384 | |
Arroyo Mortgage Trust, Series 2022-1, Class A1A, 2.495% 12/25/2056 (3.495% on 2/25/2026)1,2,10 | | | 42,936 | | | | 38,947 | |
BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 5/25/20592,3,10 | | | 2,358 | | | | 2,106 | |
BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 5/26/20592,3,10 | | | 1,474 | | | | 1,386 | |
BRAVO Residential Funding Trust, Series 2022-RPL1, Class A1, 2.75% 9/25/20612,10 | | | 16,707 | | | | 14,636 | |
BRAVO Residential Funding Trust, Series 2022-NQM2, Class A1, 4.272% 11/25/2061 (5.272% on 5/25/2026)1,2,10 | | | 2,034 | | | | 1,962 | |
BRAVO Residential Funding Trust, Series 2022-NQM3, Class A1, 5.108% 7/25/2062 (6.108% on 9/1/2026)1,2,10 | | | 3,283 | | | | 3,172 | |
BRAVO Residential Funding Trust, Series 2022-R1, Class A, 3.125% 1/29/2070 (6.125% on 1/29/2025)1,2,10 | | | 3,086 | | | | 2,763 | |
Cascade Funding Mortgage Trust, Series 2021-HB7, Class A, 1.151% 10/27/20312,3,10 | | | 15,232 | | | | 14,333 | |
Cascade Funding Mortgage Trust, Series 2023-HB12, Class A, 4.25% 4/25/20332,3,10 | | | 4,299 | | | | 4,121 | |
Cascade Funding Mortgage Trust, Series 2021-HB6, Class A, 0.898% 6/25/20362,3,10 | | | 9,601 | | | | 9,104 | |
CFCRE Commercial Mortgage Trust, Series 2016-C7, Class A2, 3.585% 12/10/205410 | | | 1,822 | | | | 1,704 | |
CIM Trust, Series 2018-R3, Class A1, 5.00% 12/25/20572,3,10 | | | 3,403 | | | | 3,325 | |
CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/20612,3,10 | | | 37,029 | | | | 34,103 | |
Citigroup Mortgage Loan Trust, Series 2021-J1, Class A4A, 2.50% 4/25/20512,3,10 | | | 1,827 | | | | 1,418 | |
Citigroup Mortgage Loan Trust, Series 2020-EXP1, Class A1A, 1.804% 5/25/20602,3,10 | | | 541 | | | | 487 | |
Citigroup Mortgage Loan Trust, Series 2018-RP1, Class M1, 3.00% 9/25/20642,3,10 | | | 3,731 | | | | 3,300 | |
COLT Mortgage Loan Trust, Series 2021-5, Class A1, 1.726% 11/26/20662,3,10 | | | 6,107 | | | | 5,083 | |
Connecticut Avenue Securities Trust, Series 2014-C01, Class M2, (1-month USD-LIBOR + 4.40%) 9.55% 1/25/20243,10 | | | 2,708 | | | | 2,756 | |
Connecticut Avenue Securities Trust, Series 2014-C02A, Class 1M2, (1-month USD-LIBOR + 2.60%) 7.75% 5/25/20243,10 | | | 1,947 | | | | 1,958 | |
Connecticut Avenue Securities Trust, Series 2014-C04, Class 1M2, (1-month USD-LIBOR + 4.90%) 10.05% 11/25/20243,10 | | | 1,736 | | | | 1,805 | |
Connecticut Avenue Securities Trust, Series 2021-R01, Class 1M1, (30-day Average USD-SOFR + 0.75%) 5.817% 10/25/20412,3,10 | | | 290 | | | | 289 | |
Connecticut Avenue Securities Trust, Series 2022-R06, Class 1M1, (30-day Average USD-SOFR + 2.75%) 7.817% 5/25/20422,3,10 | | | 895 | | | | 912 | |
Connecticut Avenue Securities Trust, Series 2023-R01, Class 1M1, (30-day Average USD-SOFR + 2.40%) 7.467% 12/25/20422,3,10 | | | 1,328 | | | | 1,337 | |
Credit Suisse Mortgage Trust, Series 2020-NET, Class A, 2.257% 8/15/20372,10 | | | 6,616 | | | | 5,927 | |
Credit Suisse Mortgage Trust, Series 2019-RPL1, Class A1A, 3.65% 7/25/20582,3,10 | | | 674 | | | | 641 | |
Credit Suisse Mortgage Trust, Series 2022-ATH3, Class A1, 4.991% 8/25/20672,3,10 | | | 717 | | | | 696 | |
CS First Boston Mortgage Securities Corp., Series 2002-30, Class IA1, 7.50% 11/25/203210 | | | 131 | | | | 130 | |
CS First Boston Mortgage Securities Corp., Series 2002-34, Class IA1, 7.50% 12/25/203210 | | | 58 | | | | 60 | |
CS First Boston Mortgage Securities Corp., Series 2003-21, Class VA1, 6.50% 7/25/203310 | | | 637 | | | | 608 | |
CS First Boston Mortgage Securities Corp., Series 2003-29, Class VA1, 7.00% 12/25/203310 | | | 157 | | | | 157 | |
DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class A, 5.919% 8/12/20432,3,10 | | | 65,864 | | | | 64,172 | |
Finance of America Structured Securities Trust, Series 2019-JR1, Class A, 2.00% 3/25/20692,10 | | | 11,205 | | | | 12,084 | |
Finance of America Structured Securities Trust, Series 2019-JR2, Class A1, 2.00% 6/25/20692,10 | | | 12,241 | | | | 12,282 | |
Flagstar Mortgage Trust, Series 2021-5INV, Class A2, 2.50% 7/25/20512,3,10 | | | 13,903 | | | | 11,227 | |
Flagstar Mortgage Trust, Series 2021-6INV, Class A4, 2.50% 8/25/20512,3,10 | | | 12,998 | | | | 10,496 | |
Flagstar Mortgage Trust, Series 2021-8INV, Class A3, 2.50% 9/25/20512,3,10 | | | 14,846 | | | | 11,989 | |
Flagstar Mortgage Trust, Series 2021-10INV, Class A3, 2.50% 10/25/20512,3,10 | | | 38,067 | | | | 30,882 | |
Flagstar Mortgage Trust, Series 2021-11INV, Class A4, 2.50% 11/25/20512,3,10 | | | 15,462 | | | | 12,486 | |
Flagstar Mortgage Trust, Series 2021-11INV, Class A2, 3.00% 11/25/20512,3,10 | | | 2,616 | | | | 2,209 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA1, Class M3, (1-month USD-LIBOR + 5.55%) 10.70% 7/25/20283,10 | | | 2,151 | | | | 2,286 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2021-DNA6, Class M1, (30-day Average USD-SOFR + 0.80%) 5.867% 10/25/20412,3,10 | | | 852 | | | | 848 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA3, Class M1A, (30-day Average USD-SOFR + 2.00%) 7.067% 4/25/20422,3,10 | | | 8,888 | | | | 8,917 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA4, Class M1A, (30-day Average USD-SOFR + 2.20%) 7.267% 5/25/20422,3,10 | | | 210 | | | | 212 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA5, Class M1A, (30-day Average USD-SOFR + 2.95%) 8.017% 6/25/20422,3,10 | | | 2,243 | | | | 2,285 | |
The Bond Fund of America | 49 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Collateralized mortgage-backed obligations (privately originated) (continued) | | | | | | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, (30-day Average USD-SOFR + 2.15%) 7.217% 9/25/20422,3,10 | | USD | 3,596 | | | $ | 3,619 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1B, (30-day Average USD-SOFR + 3.70%) 8.767% 9/25/20422,3,10 | | | 7,561 | | | | 7,806 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA1, Class M2, (1-month USD-LIBOR + 1.70%) 6.85% 1/25/20502,3,10 | | | 813 | | | | 813 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA2, Class M2, (1-month USD-LIBOR + 1.85%) 7.00% 2/25/20502,3,10 | | | 1,564 | | | | 1,569 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA3, Class B1, (1-month USD-LIBOR + 5.10%) 10.25% 6/27/20502,3,10 | | | 3,797 | | | | 4,090 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA4, Class B1, (1-month USD-LIBOR + 6.00%) 11.15% 8/25/20502,3,10 | | | 4,067 | | | | 4,520 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class M2, (30-day Average USD-SOFR + 2.80%) 7.622% 10/25/20502,3,10 | | | 1,720 | | | | 1,749 | |
GCAT Trust, Series 2021-NQM6, Class A1, 1.855% 8/25/20662,3,10 | | | 17,605 | | | | 14,722 | |
GS Mortgage-Backed Securities Trust, Series 2022-PJ5, Class A4, 2.50% 10/25/20522,3,10 | | | 41,061 | | | | 33,259 | |
Home Partners of America Trust, Series 2021-2, Class A, 1.901% 12/17/20262,10 | | | 26,337 | | | | 23,002 | |
Home Partners of America Trust, Series 2022-1, Class A, 3.93% 4/17/20392,10 | | | 2,933 | | | | 2,745 | |
Hundred Acre Wood Trust, Series 2021-INV1, Class A3, 2.50% 7/25/20512,3,10 | | | 4,709 | | | | 3,802 | |
Imperial Fund Mortgage Trust, Series 2022-NQM7, Class A1, 7.369% 11/25/2067 (8.369% on 11/1/2026)1,2,10 | | | 29,030 | | | | 29,206 | |
Imperial Fund Mortgage Trust, Series 2023-NQM1, Class A1, 5.941% 2/25/2068 (6.941% on 1/1/2027)1,2,10 | | | 6,905 | | | | 6,808 | |
Legacy Mortgage Asset Trust, Series 2020-GS1, Class A1, 5.882% 10/25/2059 (6.882% on 1/25/2024)1,2,10 | | | 11,379 | | | | 11,191 | |
Legacy Mortgage Asset Trust, Series 2020-GS4, Class A1, 6.25% 2/25/20602,3,10 | | | 4,275 | | | | 4,238 | |
Legacy Mortgage Asset Trust, Series 2020-GS3, Class A1, 6.25% 5/25/2060 (7.25% on 4/25/2024)1,2,10 | | | 8,252 | | | | 8,153 | |
Legacy Mortgage Asset Trust, Series 2020-GS5, Class A1, 3.25% 6/25/2060 (6.25% on 8/25/2023)1,2,10 | | | 18,132 | | | | 17,818 | |
Legacy Mortgage Asset Trust, Series 2022-GS1, Class A1, 4.00% 2/25/2061 (7.00% on 4/25/2025)1,2,10 | | | 21,318 | | | | 20,487 | |
Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 1.75% 4/25/20612,3,10 | | | 9,402 | | | | 8,740 | |
Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, 2.25% 7/25/2067 (5.25% on 11/25/2024)1,2,10 | | | 8,293 | | | | 7,704 | |
Mello Mortgage Capital Acceptance Trust, Series 2021-MTG2, Class A1, 2.50% 6/25/20512,3,10 | | | 18,961 | | | | 15,311 | |
Mello Mortgage Capital Acceptance Trust, Series 2021-MTG3, Class A3, 2.50% 7/1/20512,3,10 | | | 14,621 | | | | 11,843 | |
Mello Warehouse Securitization Trust, Series 2021-3, Class A, (1-month USD-LIBOR + 0.85%) 6.00% 11/25/20552,3,10 | | | 88,549 | | | | 87,543 | |
MFRA Trust, Series 2021-RPL1, Class A1, 1.131% 7/25/20602,3,10 | | | 17,586 | | | | 15,518 | |
Mill City Mortgage Trust, Series 2016-1, Class M3, 3.35% 4/25/20572,3,10 | | | 3,000 | | | | 2,836 | |
Mill City Mortgage Trust, Series 2019-GS2, Class A1, 2.75% 8/25/20592,3,10 | | | 4,420 | | | | 4,121 | |
Mill City Mortgage Trust, Series 2018-1, Class A1, 3.25% 5/25/20622,3,10 | | | 123 | | | | 118 | |
New Residential Mortgage Loan Trust, Series 2019-2A, Class A1, 4.25% 12/25/20572,3,10 | | | 1,995 | | | | 1,889 | |
New Residential Mortgage Loan Trust, Series 2020-RPL1, Class A1, 2.75% 11/25/20592,3,10 | | | 9,543 | | | | 8,792 | |
NewRez Warehouse Securitization Trust, Series 2021-1, Class A, (1-month USD-LIBOR + 0.75%) 5.90% 5/25/20552,3,10 | | | 42,288 | | | | 41,994 | |
Onslow Bay Financial Mortgage Loan Trust, Series 2022-J1, Class A2, 2.50% 2/25/20522,3,10 | | | 1,090 | | | | 883 | |
Onslow Bay Financial Mortgage Loan Trust, Series 2022-NQM9, Class A1A, 6.45% 9/25/2062 (7.45% on 11/1/2026)1,2,10 | | | 2,816 | | | | 2,815 | |
Onslow Bay Financial Mortgage Loan Trust, Series 2023-NQM1, Class A1, 6.12% 11/25/2062 (7.12% on 12/1/2026)1,2,10 | | | 1,888 | | | | 1,880 | |
Onslow Bay Financial Mortgage Loan Trust, Series 2023-NQM4, Class A1, 6.113% 3/25/2063 (7.113% on 5/1/2027)1,2,10 | | | 8,857 | | | | 8,779 | |
PRKCM Trust, Series 2021-AFC2, Class A1, 2.071% 11/25/20562,3,10 | | | 18,274 | | | | 15,045 | |
Progress Residential Trust, Series 2022-SFR3, Class A, 3.20% 4/17/20392,10 | | | 7,229 | | | | 6,582 | |
Reverse Mortgage Investment Trust, Series 2021-HB1, Class A, 1.259% 11/25/20312,3,10 | | | 14,312 | | | | 13,747 | |
TBW Mortgage-Backed Trust, Series 2007-2, Class A4B, (1-month USD-LIBOR + 0.42%) 5.99% 7/25/20373,10 | | | 7,362 | | | | 6,449 | |
Towd Point Mortgage Trust, Series 2015-3, Class M2, 4.00% 3/25/20542,3,10 | | | 16,799 | | | | 16,445 | |
50 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mortgage-backed obligations (continued) | | | | | | |
Collateralized mortgage-backed obligations (privately originated) (continued) | | | | | | |
Towd Point Mortgage Trust, Series 2015-3, Class B1, 4.197% 3/25/20542,3,10 | | USD | 1,500 | | | $ | 1,437 | |
Towd Point Mortgage Trust, Series 2016-1, Class B1, 4.146% 2/25/20552,3,10 | | | 4,000 | | | | 3,799 | |
Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/20552,3,10 | | | 7,000 | | | | 6,601 | |
Towd Point Mortgage Trust, Series 2016-2, Class B2, 3.501% 8/25/20552,3,10 | | | 3,200 | | | | 2,757 | |
Towd Point Mortgage Trust, Series 2016-5, Class A1, 2.50% 10/25/20562,3,10 | | | 496 | | | | 489 | |
Towd Point Mortgage Trust, Series 2017-1, Class A2, 3.50% 10/25/20562,3,10 | | | 3,000 | | | | 2,885 | |
Towd Point Mortgage Trust, Series 2017-5, Class A1, 5.75% 2/25/20572,3,10 | | | 233 | | | | 233 | |
Towd Point Mortgage Trust, Series 2017-2, Class A2, 3.25% 4/25/20572,3,10 | | | 7,000 | | | | 6,765 | |
Towd Point Mortgage Trust, Series 2017-4, Class A1, 2.75% 6/25/20572,3,10 | | | 559 | | | | 527 | |
Towd Point Mortgage Trust, Series 2017-4, Class M1, 3.25% 6/25/20572,3,10 | | | 1,575 | | | | 1,363 | |
Towd Point Mortgage Trust, Series 2017-3, Class A1, 2.75% 7/25/20572,3,10 | | | 281 | | | | 274 | |
Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 10/25/20572,3,10 | | | 946 | | | | 898 | |
Towd Point Mortgage Trust, Series 2017-6, Class A2, 3.00% 10/25/20572,3,10 | | | 3,000 | | | | 2,709 | |
Towd Point Mortgage Trust, Series 2018-1, Class A2, 3.25% 1/25/20582,3,10 | | | 10,000 | | | | 9,283 | |
Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/20582,3,10 | | | 8,744 | | | | 8,340 | |
Towd Point Mortgage Trust, Series 2018-3, Class M2, 3.875% 5/25/20582,3,10 | | | 6,000 | | | | 5,013 | |
Towd Point Mortgage Trust, Series 2018-5, Class A1A, 3.25% 7/25/20582,3,10 | | | 274 | | | | 263 | |
Towd Point Mortgage Trust, Series 2019-2, Class A1, 3.75% 12/25/20582,3,10 | | | 6,904 | | | | 6,470 | |
Towd Point Mortgage Trust, Series 2019-A2, Class A2, 3.75% 12/25/20582,3,10 | | | 3,615 | | | | 3,164 | |
Towd Point Mortgage Trust, Series 2019-4, Class M1B, 3.00% 10/25/20592,3,10 | | | 5,000 | | | | 4,039 | |
Towd Point Mortgage Trust, Series 2019-4, Class A2, 3.25% 10/25/20592,3,10 | | | 4,590 | | | | 3,962 | |
Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 10/25/20602,10 | | | 21,836 | | | | 19,086 | |
Towd Point Mortgage Trust, Series 2023-1, Class A1, 3.75% 1/25/20632,10 | | | 2,071 | | | | 1,899 | |
Treehouse Park Improvement Association No.1 9.75% 12/1/20332,5 | | | 10,592 | | | | 9,370 | |
Tricon Residential Trust, Series 2021-SFR1, Class A, 1.943% 7/17/20382,10 | | | 29,677 | | | | 26,419 | |
Tricon Residential Trust, Series 2023-SFR1, Class A, 5.10% 7/17/20402,10 | | | 10,774 | | | | 10,535 | |
Tricon Residential Trust, Series 2023-SFR1, Class B, 5.10% 7/17/20402,10 | | | 7,963 | | | | 7,637 | |
Tricon Residential Trust, Series 2023-SFR1, Class C, 5.10% 7/17/20402,10 | | | 1,536 | | | | 1,458 | |
Verus Securitization Trust, Series 2023-1, Class A1, 5.85% 12/25/2067 (6.85% on 1/1/2027)1,2,10 | | | 5,501 | | | | 5,438 | |
Verus Securitization Trust, Series 2023-3, Class A1, 5.93% 3/25/2068 (6.93% on 4/1/2027)1,2,10 | | | 204 | | | | 201 | |
Verus Securitization Trust, Series 2023-5, Class A5, 6.476% 6/25/2068 (7.476% on 6/1/2027)1,2,10 | | | 721 | | | | 723 | |
| | | | | | | 985,178 | |
| | | | | | | | |
Total mortgage-backed obligations | | | | | | | 23,883,972 | |
| | | | | | | | |
U.S. Treasury bonds & notes 26.86% | | | | | | | | |
U.S. Treasury 23.78% | | | | | | | | |
U.S. Treasury 0.25% 9/30/2023 | | | 8,377 | | | | 8,278 | |
U.S. Treasury 0.375% 10/31/2023 | | | 155,000 | | | | 152,590 | |
U.S. Treasury 0.25% 11/15/2023 | | | 200,000 | | | | 196,357 | |
U.S. Treasury 2.125% 11/30/2023 | | | 16,428 | | | | 16,214 | |
U.S. Treasury 0.125% 12/15/2023 | | | 25,000 | | | | 24,434 | |
U.S. Treasury 2.25% 12/31/2023 | | | 1 | | | | 1 | |
U.S. Treasury 0.875% 1/31/2024 | | | 19,719 | | | | 19,214 | |
U.S. Treasury 1.50% 2/29/2024 | | | 32,578 | | | | 31,749 | |
U.S. Treasury 2.375% 2/29/2024 | | | 17,639 | | | | 17,293 | |
U.S. Treasury 0.25% 3/15/2024 | | | 200 | | | | 193 | |
U.S. Treasury 2.125% 3/31/2024 | | | 105,265 | | | | 102,753 | |
U.S. Treasury 2.25% 3/31/2024 | | | 253,514 | | | | 247,613 | |
U.S. Treasury 0.375% 4/15/2024 | | | 80,995 | | | | 77,861 | |
U.S. Treasury 2.00% 4/30/2024 | | | 19,000 | | | | 18,474 | |
U.S. Treasury 2.25% 4/30/2024 | | | 107,633 | | | | 104,879 | |
U.S. Treasury 0.25% 5/15/2024 | | | 62,489 | | | | 59,763 | |
U.S. Treasury 2.50% 5/15/2024 | | | 4,000 | | | | 3,900 | |
U.S. Treasury 2.00% 5/31/2024 | | | 344,583 | | | | 334,070 | |
U.S. Treasury 0.25% 6/15/2024 | | | 10,000 | | | | 9,523 | |
U.S. Treasury 1.75% 6/30/2024 | | | 40,000 | | | | 38,584 | |
U.S. Treasury 2.00% 6/30/2024 | | | 138,000 | | | | 133,472 | |
U.S. Treasury 3.00% 7/31/2024 | | | 78,000 | | | | 76,044 | |
U.S. Treasury 0.375% 8/15/2024 | | | 1,486 | | | | 1,406 | |
U.S. Treasury 3.25% 8/31/2024 | | | 50,830 | | | | 49,619 | |
U.S. Treasury 0.375% 9/15/2024 | | | 2,346 | | | | 2,212 | |
U.S. Treasury 2.125% 9/30/2024 | | | 8,000 | | | | 7,694 | |
U.S. Treasury 4.25% 9/30/2024 | | | 137,688 | | | | 135,891 | |
U.S. Treasury 0.625% 10/15/2024 | | | 959 | | | | 904 | |
The Bond Fund of America | 51 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. Treasury bonds & notes (continued) | | | |
U.S. Treasury (continued) | | | | | | | | |
U.S. Treasury 1.50% 11/30/2024 | | USD | 1,000 | | | $ | 950 | |
U.S. Treasury 2.125% 11/30/2024 | | | 18,000 | | | | 17,244 | |
U.S. Treasury 1.00% 12/15/2024 | | | 813 | | | | 765 | |
U.S. Treasury 2.25% 12/31/2024 | | | 3,000 | | | | 2,874 | |
U.S. Treasury 4.25% 12/31/2024 | | | 778,810 | | | | 768,048 | |
U.S. Treasury 4.125% 1/31/2025 | | | 663,419 | | | | 653,052 | |
U.S. Treasury 2.75% 2/28/202512 | | | 477,926 | | | | 460,535 | |
U.S. Treasury 4.625% 2/28/202512 | | | 1,511,457 | | | | 1,499,886 | |
U.S. Treasury 2.625% 3/31/2025 | | | 100,126 | | | | 96,127 | |
U.S. Treasury 3.875% 3/31/2025 | | | 362,525 | | | | 355,425 | |
U.S. Treasury 3.875% 4/30/2025 | | | 30,000 | | | | 29,415 | |
U.S. Treasury 0.25% 5/31/2025 | | | 1,000 | | | | 915 | |
U.S. Treasury 2.875% 5/31/2025 | | | 186,366 | | | | 179,376 | |
U.S. Treasury 4.25% 5/31/2025 | | | 943,520 | | | | 931,648 | |
U.S. Treasury 4.625% 6/30/2025 | | | 88,000 | | | | 87,626 | |
U.S. Treasury 3.00% 7/15/2025 | | | 23,070 | | | | 22,237 | |
U.S. Treasury 3.125% 8/15/2025 | | | 94,500 | | | | 91,280 | |
U.S. Treasury 3.00% 9/30/2025 | | | 380 | | | | 366 | |
U.S. Treasury 3.00% 10/31/2025 | | | 26,469 | | | | 25,460 | |
U.S. Treasury 2.25% 11/15/2025 | | | 50,000 | | | | 47,253 | |
U.S. Treasury 4.50% 11/15/2025 | | | 76,376 | | | | 75,975 | |
U.S. Treasury 0.375% 11/30/2025 | | | 522,200 | | | | 471,447 | |
U.S. Treasury 4.00% 12/15/2025 | | | 160,001 | | | | 157,505 | |
U.S. Treasury 2.625% 12/31/2025 | | | 822 | | | | 783 | |
U.S. Treasury 3.875% 1/15/2026 | | | 10,870 | | | | 10,668 | |
U.S. Treasury 0.375% 1/31/2026 | | | 125,000 | | | | 112,236 | |
U.S. Treasury 4.00% 2/15/2026 | | | 46,978 | | | | 46,264 | |
U.S. Treasury 0.50% 2/28/2026 | | | 150 | | | | 135 | |
U.S. Treasury 4.625% 3/15/2026 | | | 1,770 | | | | 1,772 | |
U.S. Treasury 3.75% 4/15/2026 | | | 355 | | | | 347 | |
U.S. Treasury 0.75% 4/30/2026 | | | 245,000 | | | | 220,648 | |
U.S. Treasury 1.625% 5/15/2026 | | | 50,000 | | | | 46,153 | |
U.S. Treasury 3.625% 5/15/2026 | | | 21,356 | | | | 20,839 | |
U.S. Treasury 0.75% 5/31/2026 | | | 1,245 | | | | 1,118 | |
U.S. Treasury 0.75% 8/31/2026 | | | 43,323 | | | | 38,645 | |
U.S. Treasury 0.875% 9/30/2026 | | | 4,857 | | | | 4,346 | |
U.S. Treasury 1.125% 10/31/2026 | | | 5,265 | | | | 4,734 | |
U.S. Treasury 2.00% 11/15/2026 | | | 15,600 | | | | 14,431 | |
U.S. Treasury 1.25% 11/30/2026 | | | 75,500 | | | | 68,027 | |
U.S. Treasury 1.625% 11/30/2026 | | | — | 6 | | | — | 6 |
U.S. Treasury 2.25% 2/15/2027 | | | 3,000 | | | | 2,790 | |
U.S. Treasury 1.875% 2/28/2027 | | | 95,500 | | | | 87,543 | |
U.S. Treasury 2.75% 4/30/2027 | | | 76,100 | | | | 71,876 | |
U.S. Treasury 0.50% 5/31/2027 | | | 16,000 | | | | 13,830 | |
U.S. Treasury 2.625% 5/31/2027 | | | 328,902 | | | | 309,002 | |
U.S. Treasury 0.50% 6/30/2027 | | | 6,000 | | | | 5,173 | |
U.S. Treasury 3.25% 6/30/2027 | | | 31,952 | | | | 30,727 | |
U.S. Treasury 2.75% 7/31/2027 | | | 164,000 | | | | 154,594 | |
U.S. Treasury 0.50% 8/31/2027 | | | 28,519 | | | | 24,464 | |
U.S. Treasury 4.125% 10/31/2027 | | | 22,500 | | | | 22,376 | |
U.S. Treasury 3.875% 11/30/2027 | | | 73,500 | | | | 72,455 | |
U.S. Treasury 3.875% 12/31/2027 | | | 112,100 | | | | 110,519 | |
U.S. Treasury 0.75% 1/31/2028 | | | 6,000 | | | | 5,146 | |
U.S. Treasury 3.50% 1/31/2028 | | | 11,709 | | | | 11,367 | |
U.S. Treasury 2.75% 2/15/2028 | | | 17,398 | | | | 16,349 | |
U.S. Treasury 1.125% 2/29/2028 | | | 73,806 | | | | 64,312 | |
U.S. Treasury 4.00% 2/29/2028 | | | 122,298 | | | | 121,395 | |
U.S. Treasury 1.25% 3/31/2028 | | | 75,580 | | | | 66,131 | |
U.S. Treasury 3.625% 3/31/2028 | | | 4,056 | | | | 3,961 | |
U.S. Treasury 2.875% 5/15/2028 | | | 16,027 | | | | 15,120 | |
U.S. Treasury 1.25% 5/31/2028 | | | 11,954 | | | | 10,426 | |
U.S. Treasury 3.625% 5/31/2028 | | | 83,551 | | | | 81,712 | |
U.S. Treasury 1.25% 6/30/2028 | | | 42,000 | | | | 36,563 | |
U.S. Treasury 1.00% 7/31/2028 | | | 44,385 | | | | 38,061 | |
U.S. Treasury 2.875% 8/15/2028 | | | 3,760 | | | | 3,542 | |
U.S. Treasury 1.125% 8/31/2028 | | | 105,045 | | | | 90,499 | |
U.S. Treasury 5.25% 11/15/2028 | | | 42,000 | | | | 44,165 | |
52 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. Treasury bonds & notes (continued) | | | |
U.S. Treasury (continued) | | | | | | | | |
U.S. Treasury 1.50% 11/30/2028 | | USD | 36,458 | | | $ | 31,885 | |
U.S. Treasury 1.75% 1/31/2029 | | | 51,932 | | | | 45,899 | |
U.S. Treasury 2.375% 3/31/2029 | | | 1,000 | | | | 913 | |
U.S. Treasury 2.875% 4/30/202912 | | | 333,760 | | | | 312,932 | |
U.S. Treasury 2.375% 5/15/2029 | | | 30,000 | | | | 27,347 | |
U.S. Treasury 1.625% 8/15/2029 | | | 398 | | | | 347 | |
U.S. Treasury 3.875% 9/30/2029 | | | 65,000 | | | | 64,350 | |
U.S. Treasury 3.875% 12/31/2029 | | | 2,819,618 | | | | 2,794,387 | |
U.S. Treasury 3.50% 1/31/2030 | | | 100,000 | | | | 97,024 | |
U.S. Treasury 1.50% 2/15/2030 | | | 40,500 | | | | 34,682 | |
U.S. Treasury 4.00% 2/28/2030 | | | 12,292 | | | | 12,281 | |
U.S. Treasury 3.625% 3/31/2030 | | | 17,124 | | | | 16,745 | |
U.S. Treasury 3.75% 5/31/2030 | | | 150,000 | | | | 147,876 | |
U.S. Treasury 1.625% 5/15/2031 | | | 47,450 | | | | 40,316 | |
U.S. Treasury 1.25% 8/15/2031 | | | 20,972 | | | | 17,205 | |
U.S. Treasury 1.375% 11/15/2031 | | | 1,027 | | | | 846 | |
U.S. Treasury 1.875% 2/15/2032 | | | 25,000 | | | | 21,402 | |
U.S. Treasury 2.875% 5/15/2032 | | | 9,665 | | | | 8,957 | |
U.S. Treasury 2.75% 8/15/2032 | | | 4,519 | | | | 4,141 | |
U.S. Treasury 4.125% 11/15/2032 | | | 73,756 | | | | 75,363 | |
U.S. Treasury 3.50% 2/15/2033 | | | 25,860 | | | | 25,174 | |
U.S. Treasury 3.375% 5/15/2033 | | | 344,823 | | | | 333,068 | |
U.S. Treasury 4.25% 5/15/2039 | | | 68,513 | | | | 71,658 | |
U.S. Treasury 4.50% 8/15/203912 | | | 127,570 | | | | 137,200 | |
U.S. Treasury 1.125% 5/15/2040 | | | 38,625 | | | | 25,046 | |
U.S. Treasury 1.125% 8/15/2040 | | | 35,000 | | | | 22,510 | |
U.S. Treasury 1.375% 11/15/2040 | | | 30,124 | | | | 20,158 | |
U.S. Treasury 1.875% 2/15/2041 | | | 155,839 | | | | 113,148 | |
U.S. Treasury 1.75% 8/15/2041 | | | 50,819 | | | | 35,710 | |
U.S. Treasury 2.00% 11/15/2041 | | | 17,595 | | | | 12,880 | |
U.S. Treasury 3.125% 11/15/2041 | | | 300 | | | | 264 | |
U.S. Treasury 2.375% 2/15/204212 | | | 257,616 | | | | 200,591 | |
U.S. Treasury 3.25% 5/15/2042 | | | 57,700 | | | | 51,474 | |
U.S. Treasury 2.75% 8/15/2042 | | | 7,000 | | | | 5,770 | |
U.S. Treasury 4.00% 11/15/2042 | | | 73,092 | | | | 72,602 | |
U.S. Treasury 3.875% 2/15/2043 | | | 111,000 | | | | 108,179 | |
U.S. Treasury 2.875% 5/15/2043 | | | 23,810 | | | | 19,906 | |
U.S. Treasury 3.875% 5/15/2043 | | | 55,229 | | | | 54,036 | |
U.S. Treasury 3.375% 5/15/2044 | | | 38,700 | | | | 34,880 | |
U.S. Treasury 2.50% 2/15/2045 | | | 51,000 | | | | 39,478 | |
U.S. Treasury 3.00% 5/15/2045 | | | 1,460 | | | | 1,233 | |
U.S. Treasury 3.00% 11/15/2045 | | | 10,552 | | | | 8,897 | |
U.S. Treasury 2.50% 2/15/2046 | | | 140,481 | | | | 108,106 | |
U.S. Treasury 2.50% 5/15/2046 | | | 18,730 | | | | 14,399 | |
U.S. Treasury 2.25% 8/15/2046 | | | 4,500 | | | | 3,287 | |
U.S. Treasury 2.875% 11/15/2046 | | | 9,369 | | | | 7,715 | |
U.S. Treasury 3.00% 2/15/2047 | | | 39,950 | | | | 33,625 | |
U.S. Treasury 3.00% 5/15/2047 | | | 81,322 | | | | 68,455 | |
U.S. Treasury 2.75% 8/15/2047 | | | 500 | | | | 402 | |
U.S. Treasury 2.75% 11/15/2047 | | | 5,300 | | | | 4,261 | |
U.S. Treasury 3.00% 2/15/204812 | | | 140,821 | | | | 118,655 | |
U.S. Treasury 3.125% 5/15/2048 | | | 5,150 | | | | 4,443 | |
U.S. Treasury 3.00% 8/15/2048 | | | 11,100 | | | | 9,360 | |
U.S. Treasury 3.375% 11/15/2048 | | | 4,545 | | | | 4,104 | |
U.S. Treasury 3.00% 2/15/2049 | | | 123,341 | | | | 104,298 | |
U.S. Treasury 2.875% 5/15/2049 | | | 169,149 | | | | 139,823 | |
U.S. Treasury 2.25% 8/15/2049 | | | 131,423 | | | | 95,499 | |
U.S. Treasury 2.375% 11/15/2049 | | | 81,108 | | | | 60,548 | |
U.S. Treasury 2.00% 2/15/2050 | | | 51,200 | | | | 35,084 | |
U.S. Treasury 1.25% 5/15/205012 | | | 209,788 | | | | 117,908 | |
U.S. Treasury 1.375% 8/15/205012 | | | 502,790 | | | | 292,063 | |
U.S. Treasury 1.625% 11/15/2050 | | | 243,175 | | | | 150,883 | |
U.S. Treasury 1.875% 2/15/2051 | | | 46,906 | | | | 31,028 | |
U.S. Treasury 2.375% 5/15/2051 | | | 59,648 | | | | 44,305 | |
U.S. Treasury 2.00% 8/15/2051 | | | 157,105 | | | | 106,962 | |
U.S. Treasury 1.875% 11/15/2051 | | | 104,285 | | | | 68,771 | |
U.S. Treasury 2.25% 2/15/2052 | | | 203,900 | | | | 147,211 | |
The Bond Fund of America | 53 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. Treasury bonds & notes (continued) | | | | | | |
U.S. Treasury (continued) | | | | | | | | |
U.S. Treasury 2.875% 5/15/2052 | | USD | 221,200 | | | $ | 183,097 | |
U.S. Treasury 3.00% 8/15/2052 | | | 8,130 | | | | 6,906 | |
U.S. Treasury 4.00% 11/15/2052 | | | 82,062 | | | | 84,198 | |
U.S. Treasury 3.625% 2/15/205312 | | | 902,823 | | | | 865,543 | |
U.S. Treasury 3.625% 5/15/2053 | | | 2,568 | | | | 2,477 | |
| | | | | | | 18,013,814 | |
| | | | | | | | |
U.S. Treasury inflation-protected securities 3.08% | | | | | | | | |
U.S. Treasury Inflation-Protected Security 0.625% 1/15/202413 | | | 143,223 | | | | 140,875 | |
U.S. Treasury Inflation-Protected Security 0.50% 4/15/202413 | | | 54,302 | | | | 53,015 | |
U.S. Treasury Inflation-Protected Security 0.125% 7/15/202413 | | | 576,926 | | | | 559,988 | |
U.S. Treasury Inflation-Protected Security 0.125% 10/15/202413 | | | — | 6 | | | — | 6 |
U.S. Treasury Inflation-Protected Security 0.25% 1/15/202513 | | | 116,061 | | | | 111,301 | |
U.S. Treasury Inflation-Protected Security 0.375% 7/15/202513 | | | 446,818 | | | | 427,833 | |
U.S. Treasury Inflation-Protected Security 0.125% 10/15/202513 | | | 26,160 | | | | 24,818 | |
U.S. Treasury Inflation-Protected Security 0.625% 1/15/202613 | | | — | 6 | | | — | 6 |
U.S. Treasury Inflation-Protected Security 0.125% 4/15/202613 | | | 305,862 | | | | 286,938 | |
U.S. Treasury Inflation-Protected Security 0.125% 10/15/202613 | | | — | 6 | | | — | 6 |
U.S. Treasury Inflation-Protected Security 0.125% 4/15/202713 | | | 194,999 | | | | 180,524 | |
U.S. Treasury Inflation-Protected Security 1.625% 10/15/202713 | | | 205,258 | | | | 202,318 | |
U.S. Treasury Inflation-Protected Security 0.125% 1/15/203013 | | | 46,701 | | | | 41,908 | |
U.S. Treasury Inflation-Protected Security 0.125% 1/15/203113 | | | 181,883 | | | | 161,673 | |
U.S. Treasury Inflation-Protected Security 2.125% 2/15/204113 | | | 3,286 | | | | 3,528 | |
U.S. Treasury Inflation-Protected Security 0.75% 2/15/204212,13 | | | 159,401 | | | | 135,499 | |
U.S. Treasury Inflation-Protected Security 0.125% 2/15/205113 | | | 1,733 | | | | 1,155 | |
| | | | | | | 2,331,373 | |
| | | | | | | | |
Total U.S. Treasury bonds & notes | | | | | | | 20,345,187 | |
| | | | | | | | |
Asset-backed obligations 4.78% | | | | | | | | |
ACHV ABS Trust, Series 2023-1, Class A, 6.42% 3/18/20302,10 | | | 564 | | | | 564 | |
ACHV ABS Trust, Series 2023-2PL, Class A, 6.42% 5/20/20302,10 | | | 3,562 | | | | 3,564 | |
ACHV ABS Trust, Series 2023-2PL, Class B, 6.88% 5/20/20302,10 | | | 1,327 | | | | 1,320 | |
Affirm Asset Securitization Trust, Series 2021-B, Class A, 1.03% 8/17/20262,10 | | | 5,063 | | | | 4,926 | |
Affirm Asset Securitization Trust, Series 2021-Z2, Class A, 1.17% 11/16/20262,10 | | | 4,807 | | | | 4,638 | |
Affirm Asset Securitization Trust, Series 2023-A, Class A, 6.61% 1/18/20282,10 | | | 2,679 | | | | 2,667 | |
AGL CLO, Ltd., Series 2022-18A, Class A1, (3-month USD CME Term SOFR + 1.32%) 6.376% 4/21/20312,3,10 | | | 68,249 | | | | 67,729 | |
AGL CLO, Ltd., Series 2022-18A, Class B, (3-month USD CME Term SOFR + 2.00%) 7.056% 4/21/20312,3,10 | | | 5,000 | | | | 4,928 | |
AGL CLO, Ltd., Series 2021-13, Class D, (3-month USD-LIBOR + 3.15%) 8.40% 10/20/20342,3,10 | | | 350 | | | | 328 | |
AGL CLO, Ltd., Series 2023-24, Class A1, (3-month USD CME Term SOFR + 2.00%) 7.076% 7/25/20362,3,10 | | | 22,438 | | | | 22,451 | |
American Credit Acceptance Receivables Trust, Series 2022-3, Class A, 4.12% 2/13/20262,10 | | | 4,608 | | | | 4,593 | |
American Credit Acceptance Receivables Trust, Series 2020-1, Class D, 2.39% 3/13/20262,10 | | | 640 | | | | 635 | |
American Credit Acceptance Receivables Trust, Series 2022-4, Class A, 6.20% 5/13/20262,10 | | | 505 | | | | 505 | |
American Credit Acceptance Receivables Trust, Series 2020-3, Class C, 1.85% 6/15/20262,10 | | | 931 | | | | 928 | |
American Credit Acceptance Receivables Trust, Series 2022-3, Class B, 4.55% 10/13/20262,10 | | | 2,376 | | | | 2,348 | |
American Credit Acceptance Receivables Trust, Series 2023-2, Class A, 5.89% 10/13/20262,10 | | | 8,829 | | | | 8,806 | |
American Credit Acceptance Receivables Trust, Series 2021-1, Class C, 0.83% 3/15/20272,10 | | | 1,348 | | | | 1,335 | |
American Credit Acceptance Receivables Trust, Series 2021-1, Class D, 1.14% 3/15/20272,10 | | | 2,226 | | | | 2,146 | |
American Credit Acceptance Receivables Trust, Series 2021-3, Class C, 0.98% 11/15/20272,10 | | | 8,674 | | | | 8,518 | |
American Credit Acceptance Receivables Trust, Series 2021-3, Class D, 1.34% 11/15/20272,10 | | | 4,780 | | | | 4,473 | |
American Express Credit Account Master Trust, Series 2023-2, Class A, 4.80% 5/15/203010 | | | 23,956 | | | | 23,756 | |
American Homes 4 Rent, Series 2014-SFR2, Class A, 3.786% 10/17/20362,10 | | | 13,078 | | | | 12,690 | |
54 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Asset-backed obligations (continued) | | | | | | |
American Homes 4 Rent, Series 2015-SFR2, Class A, 3.732% 10/17/20522,10 | | USD | 31,378 | | | $ | 30,070 | |
American Homes 4 Rent, Series 2015-SFR2, Class B, 4.295% 10/17/20522,10 | | | 8,478 | | | | 8,178 | |
AmeriCredit Automobile Receivables Trust, Series 2023-1, Class A2A, 5.84% 10/19/202610 | | | 10,774 | | | | 10,775 | |
AmeriCredit Automobile Receivables Trust, Series 2021-2, Class B, 0.69% 1/19/202710 | | | 6,085 | | | | 5,746 | |
AmeriCredit Automobile Receivables Trust, Series 2021-2, Class C, 1.01% 1/19/202710 | | | 6,765 | | | | 6,185 | |
AmeriCredit Automobile Receivables Trust, Series 2021-2, Class D, 1.29% 6/18/202710 | | | 15,943 | | | | 14,326 | |
Apex Credit CLO, LLC, Series 2022-1, Class C, (3-month USD CME Term SOFR + 2.71%) 7.766% 4/22/20332,3,10 | | | 900 | | | | 873 | |
Apidos CLO, Ltd., Series 2022-42, Class D, (3-month USD CME Term SOFR + 5.76%) 10.356% 1/20/20362,3,10 | | | 750 | | | | 757 | |
Apidos CLO, Ltd., Series 2023-45, Class D, (3-month USD CME Term SOFR + 5.20%) 10.186% 4/26/20362,3,10 | | | 1,700 | | | | 1,721 | |
Ares CLO, Ltd., Series 2022-65A, Class A2, (3-month USD CME Term SOFR + 1.75%) 6.818% 7/25/20342,3,10 | | | 18,000 | | | | 17,827 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2018-1A, Class A, 3.70% 9/20/20242,10 | | | 5,175 | | | | 5,162 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2018-2A, Class A, 4.00% 3/20/20252,10 | | | 34,200 | | | | 33,882 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2019-2A, Class D, 3.04% 9/22/20252,10 | | | 9,000 | | | | 8,381 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2019-2A, Class A, 3.35% 9/22/20252,10 | | | 10,160 | | | | 9,864 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2019-3A, Class A, 2.36% 3/20/20262,10 | | | 6,460 | | | | 6,104 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-1A, Class A, 2.33% 8/20/20262,10 | | | 12,814 | | | | 11,928 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/20272,10 | | | 18,971 | | | | 17,207 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2A, Class B, 2.96% 2/20/20272,10 | | | 1,798 | | | | 1,655 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 4.25% 2/20/20272,10 | | | 3,581 | | | | 3,335 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class A, 6.12% 4/20/20272,10 | | | 7,921 | | | | 7,927 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class A, 1.38% 8/20/20272,10 | | | 22,390 | | | | 19,699 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class B, 1.63% 8/20/20272,10 | | | 3,398 | | | | 2,963 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class C, 2.13% 8/20/20272,10 | | | 1,211 | | | | 1,048 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class D, 3.71% 8/20/20272,10 | | | 5,000 | | | | 4,231 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-2, Class A, 5.20% 10/20/20272,10 | | | 4,434 | | | | 4,342 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-3A, Class A, 5.44% 2/22/20282,10 | | | 8,782 | | | | 8,658 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-5, Class A, 5.78% 4/20/20282,10 | | | 49,213 | | | | 48,849 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-1, Class A, 5.25% 4/20/20292,10 | | | 8,202 | | | | 8,013 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-4, Class A, 5.49% 6/20/20292,10 | | | 12,830 | | | | 12,651 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, 5.81% 12/20/20292,10 | | | 38,230 | | | | 38,209 | |
BA Credit Card Trust, Series 2022-A2, Class A2, 5.00% 4/17/202810 | | | 1,020 | | | | 1,016 | |
Bain Capital Credit CLO, Ltd., Series 2022-4, Class A2, (3-month USD CME Term SOFR + 1.96%) 6.95% 7/16/20352,3,10 | | | 5,000 | | | | 5,005 | |
Bain Capital Credit CLO, Ltd., Series 2023-3, Class D, (3-month USD CME Term SOFR + 5.25%) 10.489% 7/24/20362,3,10 | | | 500 | | | | 500 | |
Ballyrock CLO, Ltd., Series 2019-2A, Class A1AR, (3-month USD-LIBOR + 1.00%) 6.379% 11/20/20302,3,10 | | | 12,370 | | | | 12,271 | |
Bankers Healthcare Group Securitization Trust, Series 2020-A, Class A, 2.56% 9/17/20312,10 | | | 195 | | | | 191 | |
Bankers Healthcare Group Securitization Trust, Series 2020-A, Class B, 3.59% 9/17/20312,10 | | | 4,310 | | | | 4,071 | |
The Bond Fund of America | 55 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Asset-backed obligations (continued) | | | | | | |
Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 11/17/20332,10 | | USD | 914 | | | $ | 853 | |
Bankers Healthcare Group Securitization Trust, Series 2021-A, Class B, 2.79% 11/17/20332,10 | | | 914 | | | | 804 | |
Bankers Healthcare Group Securitization Trust, Series 2021-B, Class A, 0.90% 10/17/20342,10 | | | 759 | | | | 727 | |
Bankers Healthcare Group Securitization Trust, Series 2021-B, Class B, 1.67% 10/17/20342,10 | | | 1,533 | | | | 1,355 | |
Battalion CLO, Ltd., Series 2022-23A, Class A, (3-month USD CME Term SOFR + 1.44%) 6.426% 5/19/20362,3,10 | | | 8,000 | | | | 7,863 | |
Birch Grove CLO, Ltd., Series 2023-6, Class A1, (3-month USD CME Term SOFR + 2.20%) 7.07% 7/20/20352,3,10 | | | 3,703 | | | | 3,703 | |
Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, Class A, 2.443% 7/15/20462,10 | | | 18,326 | | | | 15,812 | |
Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, Class B, 3.446% 7/15/20462,10 | | | 2,583 | | | | 2,136 | |
BlueMountain CLO, Ltd., Series 2015-3, Class CR, (3-month USD LIBOR + 2.60%) 7.85% 4/20/20312,3,10 | | | 250 | | | | 215 | |
BlueMountain CLO, Ltd., Series 2022-35A, Class A, (3-month USD CME Term SOFR + 1.55%) 6.621% 7/22/20352,3,10 | | | 3,000 | | | | 2,945 | |
Carlyle Global Market Strategies, Series 2021-6A, Class A1, (3-month USD-LIBOR + 1.16%) 6.42% 7/15/20342,3,10 | | | 250 | | | | 246 | |
CarMax Auto Owner Trust, Series 2023-1, Class A2A, 5.23% 1/15/202610 | | | 651 | | | | 649 | |
CarMax Auto Owner Trust, Series 2023-2, Class A2A, 5.50% 6/15/202610 | | | 5,957 | | | | 5,941 | |
CarMax Auto Owner Trust, Series 2021-1, Class C, 0.94% 12/15/202610 | | | 580 | | | | 532 | |
CarMax Auto Owner Trust, Series 2021-1, Class D, 1.28% 7/15/202710 | | | 568 | | | | 519 | |
Carvana Auto Receivables Trust, Series 2021-N4, Class C, 1.72% 9/11/202810 | | | 2,032 | | | | 1,950 | |
Carvana Auto Receivables Trust, Series 2021-N4, Class A2, 1.80% 9/11/202810 | | | 3,896 | | | | 3,571 | |
Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/20372,10 | | | 89,731 | | | | 74,750 | |
Castlelake Aircraft Securitization Trust, Series 2021-1, Class C, 3.464% 5/11/20372,10 | | | 14,460 | | | | 11,833 | |
Castlelake Aircraft Securitization Trust, Series 2021-1, Class C, 6.171% 5/11/20372,10 | | | 3,756 | | | | 2,965 | |
Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 8/15/20412,10 | | | 3,543 | | | | 3,219 | |
CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/20602,10 | | | 75,716 | | | | 68,024 | |
CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/20602,10 | | | 15,702 | | | | 13,144 | |
CF Hippolyta, LLC, Series 2020-1, Class B1, 2.28% 7/15/20602,10 | | | 9,080 | | | | 8,122 | |
CF Hippolyta, LLC, Series 2020-1, Class B2, 2.60% 7/15/20602,10 | | | 989 | | | | 822 | |
CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/20612,10 | | | 65,670 | | | | 56,982 | |
CF Hippolyta, LLC, Series 2021-1, Class B1, 1.98% 3/15/20612,10 | | | 5,694 | | | | 4,830 | |
CF Hippolyta, LLC, Series 2022-1, Class A1, 5.97% 8/15/20622,10 | | | 99,103 | | | | 96,714 | |
CF Hippolyta, LLC, Series 2022-1, Class A2, 6.11% 8/15/20622,10 | | | 43,496 | | | | 42,290 | |
CIFC Funding, Ltd., CLO, Series 2018-3A, Class A, (3-month USD-LIBOR + 1.10%) 6.362% 7/18/20312,3,10 | | | 2,700 | | | | 2,676 | |
CIFC Funding, Ltd., CLO, Series 2022-4, Class A2, (3-month USD CME Term SOFR + 1.70%) 6.69% 7/16/20352,3,10 | | | 10,000 | | | | 9,906 | |
CIFC Funding, Ltd., CLO, Series 2022-4, Class B, (3-month USD CME Term SOFR + 2.00%) 6.99% 7/16/20352,3,10 | | | 10,000 | | | | 9,700 | |
CLI Funding V, LLC, Series 2020-2A, Class B, 3.56% 9/15/20452,10 | | | 479 | | | | 419 | |
CLI Funding V, LLC, Series 2020-1A, Class B, 3.62% 9/18/20452,10 | | | 889 | | | | 777 | |
CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/20452,10 | | | 6,385 | | | | 5,533 | |
CLI Funding VI, LLC, Series 2020-1A, Class A, 2.08% 9/18/20452,10 | | | 1,241 | | | | 1,077 | |
CLI Funding VI, LLC, Series 2020-3A, Class A, 2.07% 10/18/20452,10 | | | 2,209 | | | | 1,921 | |
CLI Funding VIII, LLC, Series 2021-1A, Class A, 1.64% 2/18/20462,10 | | | 10,720 | | | | 9,151 | |
CLI Funding VIII, LLC, Series 2021-1A, Class A, 2.38% 2/18/20462,10 | | | 1,153 | | | | 968 | |
CPS Auto Receivables Trust, Series 2023-A, Class A, 5.54% 3/16/20262,10 | | | 968 | | | | 964 | |
CPS Auto Receivables Trust, Series 2020-B, Class D, 4.75% 4/15/20262,10 | | | 265 | | | | 264 | |
CPS Auto Receivables Trust, Series 2022-B, Class A, 2.88% 6/15/20262,10 | | | 7,423 | | | | 7,332 | |
CPS Auto Receivables Trust, Series 2021-A, Class C, 0.83% 9/15/20262,10 | | | 304 | | | | 303 | |
CPS Auto Receivables Trust, Series 2023-A, Class B, 5.47% 11/16/20262,10 | | | 1,102 | | | | 1,087 | |
CPS Auto Receivables Trust, Series 2021-A, Class D, 1.16% 12/15/20262,10 | | | 1,643 | | | | 1,578 | |
CPS Auto Receivables Trust, Series 2023-B, Class A, 5.91% 8/16/20272,10 | | | 9,046 | | | | 9,023 | |
CPS Auto Receivables Trust, Series 2022-B, Class B, 3.88% 8/15/20282,10 | | | 13,609 | | | | 13,251 | |
CPS Auto Receivables Trust, Series 2022-B, Class C, 4.33% 8/15/20282,10 | | | 18,032 | | | | 17,392 | |
CPS Auto Receivables Trust, Series 2023-A, Class C, 5.54% 4/16/20292,10 | | | 2,352 | | | | 2,307 | |
CPS Auto Receivables Trust, Series 2023-A, Class D, 6.44% 4/16/20292,10 | | | 3,525 | | | | 3,482 | |
CPS Auto Receivables Trust, Series 2022-C, Class A, 4.18% 4/15/20302,10 | | | 11,014 | | | | 10,933 | |
Credit Acceptance Auto Loan Trust, Series 2021-3A, Class A, 1.00% 5/15/20302,10 | | | 5,556 | | | | 5,412 | |
56 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Asset-backed obligations (continued) | | | | | | |
Crestline Denali CLO XVII, LLC, Series 2018-1, Class C, (3-month USD-LIBOR + 2.35%) 7.61% 10/15/20312,3,10 | | USD | 2,000 | | | $ | 1,952 | |
CWHEQ Revolving Home Equity Loan Trust, Series 2005-C, Class 2A, FSA insured, (1-month USD-LIBOR + 0.18%) 5.373% 7/15/20353,10 | | | 642 | | | | 605 | |
CWHEQ Revolving Home Equity Loan Trust, Series 2006-I, Class 2A, FSA insured, (1-month USD-LIBOR + 0.14%) 5.333% 1/15/20373,10 | | | 1,115 | | | | 1,008 | |
CWHEQ Revolving Home Equity Loan Trust, Series 2007-B, Class A, FSA insured, (1-month USD-LIBOR + 0.15%) 5.343% 2/15/20373,10 | | | 1,640 | | | | 1,527 | |
Discover Card Execution Note Trust, Series 2023-A1, Class A, 4.31% 3/15/202810 | | | 68,516 | | | | 67,064 | |
Drive Auto Receivables Trust, Series 2020-2, Class C, 2.28% 8/17/202610 | | | 1,367 | | | | 1,363 | |
Drive Auto Receivables Trust, Series 2019-3, Class D, 3.18% 10/15/202610 | | | 3,533 | | | | 3,510 | |
Drive Auto Receivables Trust, Series 2021-1, Class C, 1.02% 6/15/202710 | | | 8,754 | | | | 8,632 | |
Drive Auto Receivables Trust, Series 2020-2, Class D, 3.05% 5/15/202810 | | | 8,586 | | | | 8,400 | |
Drive Auto Receivables Trust, Series 2021-1, Class D, 1.45% 1/16/202910 | | | 12,158 | | | | 11,441 | |
DriveTime Auto Owner Trust, Series 2019-2A, Class D, 3.48% 2/18/20252,10 | | | 717 | | | | 716 | |
DriveTime Auto Owner Trust, Series 2019-3, Class D, 2.96% 4/15/20252,10 | | | 1,161 | | | | 1,152 | |
DriveTime Auto Owner Trust, Series 2020-2A, Class C, 3.28% 3/16/20262,10 | | | 745 | | | | 739 | |
DriveTime Auto Owner Trust, Series 2020-3A, Class C, 1.47% 6/15/20262,10 | | | 2,243 | | | | 2,194 | |
DriveTime Auto Owner Trust, Series 2022-2A, Class A, 2.88% 6/15/20262,10 | | | 82 | | | | 81 | |
DriveTime Auto Owner Trust, Series 2021-1A, Class C, 0.84% 10/15/20262,10 | | | 2,057 | | | | 2,003 | |
DriveTime Auto Owner Trust, Series 2021-1A, Class D, 1.16% 11/16/20262,10 | | | 1,242 | | | | 1,150 | |
DriveTime Auto Owner Trust, Series 2021-2A, Class B, 0.81% 1/15/20272,10 | | | 1,445 | | | | 1,436 | |
DriveTime Auto Owner Trust, Series 2021-2A, Class C, 1.10% 2/16/20272,10 | | | 3,693 | | | | 3,573 | |
DriveTime Auto Owner Trust, Series 2021-2A, Class D, 1.50% 2/16/20272,10 | | | 2,495 | | | | 2,325 | |
DriveTime Auto Owner Trust, Series 2023-1, Class A, 5.48% 4/15/20272,10 | | | 2,545 | | | | 2,536 | |
DriveTime Auto Owner Trust, Series 2023-2, Class A, 5.88% 4/15/20272,10 | | | 5,179 | | | | 5,165 | |
DriveTime Auto Owner Trust, Series 2023-1, Class C, 5.55% 10/16/20282,10 | | | 2,681 | | | | 2,632 | |
DriveTime Auto Owner Trust, Series 2023-1, Class D, 6.44% 11/15/20282,10 | | | 8,340 | | | | 8,244 | |
Dryden Senior Loan Fund, CLO, Series 2014-36, Class AR3, (3-month USD CME Term SOFR + 1.282%) 6.268% 4/15/20292,3,10 | | | 4,510 | | | | 4,486 | |
Dryden Senior Loan Fund, CLO, Series 2015-41, Class AR, (3-month USD-LIBOR + 0.97%) 6.23% 4/15/20312,3,10 | | | 20,000 | | | | 19,778 | |
Dryden Senior Loan Fund, CLO, Series 2018-60A, Class A, (3-month USD-LIBOR + 1.05%) 6.31% 7/15/20312,3,10 | | | 1,450 | | | | 1,437 | |
Dryden Senior Loan Fund, CLO, Series 2022-94A, Class A, (3-month USD CME Term SOFR + 1.44%) 6.426% 7/15/20372,3,10 | | | 1,000 | | | | 980 | |
Eaton Vance CDO, Ltd., CLO, Series 2020-2A, Class AR, (3-month USD-LIBOR + 1.15%) 6.41% 1/15/20352,3,10 | | | 1,100 | | | | 1,081 | |
EDvestinU Private Education Loan, LLC, Series 2021-A, Class A, 1.80% 11/25/20452,10 | | | 1,122 | | | | 976 | |
Elmwood CLO X, Ltd., Series 2021-3, Class A, (3-month USD-LIBOR + 1.04%) 6.29% 10/20/20342,3,10 | | | 2,000 | | | | 1,978 | |
Enterprise Fleet Financing, LLC, Series 2022-3, Class A3, 4.29% 7/20/20292,10 | | | 5,938 | | | | 5,717 | |
Enterprise Fleet Financing, LLC, Series 2022-3, Class A2, 4.38% 7/20/20292,10 | | | 9,164 | | | | 8,969 | |
Enterprise Fleet Financing, LLC, Series 2022-4, Class A2, 5.76% 10/22/20292,10 | | | 5,551 | | | | 5,533 | |
Exeter Automobile Receivables Trust, Series 2019-2A, Class D, 3.71% 3/17/20252,10 | | | 2,805 | | | | 2,788 | |
Exeter Automobile Receivables Trust, Series 2023-1, Class A2, 5.61% 6/16/202510 | | | 1,868 | | | | 1,867 | |
Exeter Automobile Receivables Trust, Series 2020-3A, Class C, 1.32% 7/15/202510 | | | 248 | | | | 247 | |
Exeter Automobile Receivables Trust, Series 2019-3A, Class D, 3.11% 8/15/20252,10 | | | 6,052 | | | | 5,988 | |
Exeter Automobile Receivables Trust, Series 2019-4A, Class D, 2.58% 9/15/20252,10 | | | 7,591 | | | | 7,473 | |
Exeter Automobile Receivables Trust, Series 2023-3, Class A2, 6.11% 9/15/202510 | | | 1,459 | | | | 1,461 | |
Exeter Automobile Receivables Trust, Series 2022-2A, Class A3, 2.80% 11/17/202510 | | | 3,648 | | | | 3,632 | |
Exeter Automobile Receivables Trust, Series 2022-6, Class A2, 5.73% 11/17/202510 | | | 672 | | | | 671 | |
Exeter Automobile Receivables Trust, Series 2020-1A, Class D, 2.73% 12/15/20252,10 | | | 3,284 | | | | 3,214 | |
Exeter Automobile Receivables Trust, Series 2020-2, Class D, 4.73% 4/15/20262,10 | | | 1,901 | | | | 1,889 | |
Exeter Automobile Receivables Trust, Series 2023-1, Class A3, 5.58% 4/15/202610 | | | 783 | | | | 780 | |
Exeter Automobile Receivables Trust, Series 2021-2, Class C, 0.98% 6/15/202610 | | | 9,309 | | | | 9,107 | |
Exeter Automobile Receivables Trust, Series 2020-3A, Class D, 1.73% 7/15/202610 | | | 2,977 | | | | 2,912 | |
Exeter Automobile Receivables Trust, Series 2023-3, Class A3, 6.04% 7/15/202610 | | | 552 | | | | 552 | |
Exeter Automobile Receivables Trust, Series 2022-2A, Class B, 3.65% 10/15/202610 | | | 19,635 | | | | 19,349 | |
Exeter Automobile Receivables Trust, Series 2022-4A, Class B, 4.57% 1/15/202710 | | | 3,744 | | | | 3,681 | |
Exeter Automobile Receivables Trust, Series 2021-2, Class D, 1.40% 4/15/202710 | | | 16,131 | | | | 14,959 | |
Exeter Automobile Receivables Trust, Series 2022-6, Class B, 6.03% 8/16/202710 | | | 2,928 | | | | 2,922 | |
Exeter Automobile Receivables Trust, Series 2023-3, Class B, 6.11% 9/15/202710 | | | 1,705 | | | | 1,705 | |
Exeter Automobile Receivables Trust, Series 2022-6, Class C, 6.32% 5/15/202810 | | | 6,335 | | | | 6,336 | |
Exeter Automobile Receivables Trust, Series 2023-3, Class C, 6.21% 6/15/202810 | | | 3,075 | | | | 3,070 | |
Exeter Automobile Receivables Trust, Series 2022-2A, Class D, 4.56% 7/17/202810 | | | 7,739 | | | | 7,373 | |
Exeter Automobile Receivables Trust, Series 2022-4A, Class C, 4.92% 12/15/202810 | | | 6,194 | | | | 6,054 | |
The Bond Fund of America | 57 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Asset-backed obligations (continued) | | | | | | |
Exeter Automobile Receivables Trust, Series 2022-6, Class D, 8.03% 4/6/202910 | | USD | 1,913 | | | $ | 1,974 | |
Exeter Automobile Receivables Trust, Series 2023-3, Class D, 6.68% 4/16/202910 | | | 5,584 | | | | 5,586 | |
Exeter Automobile Receivables Trust, Series 2023-1, Class D, 6.69% 6/15/202910 | | | 3,227 | | | | 3,218 | |
Exeter Automobile Receivables Trust, Series 2023-3, Class E, 9.98% 1/15/20312,10 | | | 1,150 | | | | 1,155 | |
First Investors Auto Owner Trust, Series 2021-1A, Class B, 0.89% 3/15/20272,10 | | | 2,100 | | | | 2,062 | |
First Investors Auto Owner Trust, Series 2021-1A, Class D, 1.62% 3/15/20272,10 | | | 950 | | | | 881 | |
First National Master Note Trust, Series 2023-1, Class A, 5.13% 4/16/202910 | | | 8,282 | | | | 8,175 | |
FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 10/19/20372,10 | | | 29,239 | | | | 26,267 | |
FirstKey Homes Trust, Series 2021-SFR3, Class A, 2.135% 12/17/20382,10 | | | 4,136 | | | | 3,652 | |
FirstKey Homes Trust, Series 2022-SFR2, Class A, 4.145% 5/17/20392,10 | | | 8,678 | | | | 8,186 | |
Ford Credit Auto Lease Trust, Series 2023-A, Class A2A, 5.19% 6/15/202510 | | | 894 | | | | 891 | |
Ford Credit Auto Lease Trust, Series 2023-A, Class A3, 4.94% 3/15/202610 | | | 3,756 | | | | 3,717 | |
Ford Credit Auto Lease Trust, Series 2023-A, Class A4, 4.83% 5/15/202610 | | | 3,347 | | | | 3,298 | |
Ford Credit Auto Owner Trust, Series 2023-A, Class A2A, 5.14% 3/15/202610 | | | 8,314 | | | | 8,276 | |
Ford Credit Auto Owner Trust, Series 2019-2, Class A, 3.06% 4/15/202610 | | | 10,000 | | | | 9,790 | |
Ford Credit Auto Owner Trust, Series 2023-B, Class A3, 5.23% 5/15/202810 | | | 5,614 | | | | 5,609 | |
Ford Credit Auto Owner Trust, Series 2023-B, Class A4, 5.06% 2/15/202910 | | | 4,382 | | | | 4,374 | |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.52% 7/15/20302,10 | | | 13,729 | | | | 13,555 | |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 7/15/20312,10 | | | 19,385 | | | | 18,637 | |
Ford Credit Auto Owner Trust, Series 2020-1, Class A, 2.04% 8/15/20312,10 | | | 68,237 | | | | 64,254 | |
Ford Credit Auto Owner Trust, Series 2021-1, Class A, 1.37% 10/17/20332,10 | | | 21,970 | | | | 19,633 | |
Ford Credit Auto Owner Trust, Series 2023-1, Class A, 4.85% 8/15/20352,10 | | | 15,800 | | | | 15,483 | |
Ford Credit Floorplan Master Owner Trust, Series 2023-1, Class A1, 4.92% 5/15/20282,10 | | | 30,053 | | | | 29,761 | |
Fortress Credit BSL, Ltd., CLO, Series 2022-2, Class C1, (3-month USD CME Term SOFR + 4.45%) 8.804% 10/18/20332,3,10 | | | 2,000 | | | | 2,004 | |
Galaxy CLO, Ltd., Series 2017-23, Class AR, (3-month USD-LIBOR + 0.87%) 6.143% 4/24/20292,3,10 | | | 3,376 | | | | 3,350 | |
GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/20452,10 | | | 1,330 | | | | 1,167 | |
GCI Funding I, LLC, Series 2020-1, Class B, 3.81% 10/18/20452,10 | | | 676 | | | | 600 | |
GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/20462,10 | | | 6,651 | | | | 5,661 | |
GCI Funding I, LLC, Series 2021-1, Class B, 3.04% 6/18/20462,10 | | | 224 | | | | 186 | |
Generate CLO, Ltd., Series 4A, Class A1R, (3-month USD-LIBOR + 1.09%) 6.34% 4/20/20322,3,10 | | | 1,000 | | | | 988 | |
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 9/17/20392,10 | | | 7,523 | | | | 6,953 | |
Global SC Finance V SRL, Series 2020-1A, Class B, 3.55% 10/17/20402,10 | | | 1,088 | | | | 972 | |
Global SC Finance VII SRL, Series 2021-1A, Class A, 1.86% 4/17/20412,10 | | | 50,763 | | | | 43,607 | |
Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 8/17/20412,10 | | | 36,190 | | | | 31,276 | |
Global SC Finance VII SRL, Series 2021-2A, Class B, 2.49% 8/17/20412,10 | | | 2,930 | | | | 2,483 | |
GLS Auto Receivables Trust, Series 2023-2, Class A2, 5.70% 1/15/20272,10 | | | 6,409 | | | | 6,383 | |
GM Financial Automobile Leasing Trust, Series 2020-4, Class C, 1.05% 5/18/202610 | | | 3,700 | | | | 3,491 | |
GM Financial Revolving Receivables Trust, Series 2023-1, Class A, 5.12% 4/11/20352,10 | | | 35,338 | | | | 34,990 | |
GM Financial Revolving Receivables Trust, Series 2022-1, Class A, 5.91% 10/11/20352,10 | | | 42,166 | | | | 43,024 | |
GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A1, 5.45% 6/15/20282,10 | | | 11,723 | | | | 11,719 | |
GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A, 5.34% 6/17/20302,10 | | | 6,944 | | | | 6,929 | |
GoldenTree Loan Opportunities XI, Ltd., CLO, Series 2015-11A, Class AR2, (3-month USD-LIBOR + 1.07%) 6.332% 1/18/20312,3,10 | | | 8,900 | | | | 8,833 | |
Greywolf CLO, Ltd., Series 2013-1A, Class B1RR, (3-month USD-LIBOR + 2.30%) 7.56% 4/15/20342,3,10 | | | 500 | | | | 484 | |
Guggenheim 1828 CLO, LLC, Series 2016-1A, Class A1S1, (3-month USD-LIBOR + 1.23%) 6.49% 10/15/20312,3,10 | | | 747 | | | | 742 | |
Guggenheim CLO, Ltd., Series 2022-2, Class D, (3-month USD CME Term SOFR + 5.95%) 10.591% 1/15/20352,3,10 | | | 1,000 | | | | 991 | |
Gulf Stream Meridian 1, Ltd., CLO, Series 2021-4, Class A1, (3-month USD-LIBOR + 1.20%) 6.46% 7/15/20342,3,10 | | | 3,000 | | | | 2,952 | |
Halcyon Loan Advisors Funding, Ltd., Series 2018-2, Class C, (3-month USD-LIBOR + 3.40%) 8.673% 1/22/20312,3,10 | | | 714 | | | | 638 | |
HalseyPoint CLO II, Ltd., Series 2020-2A, Class A1, (3-month USD-LIBOR + 1.10%) 6.35% 7/20/20312,3,10 | | | 2,923 | | | | 2,905 | |
Henderson Receivables, LLC, Series 2006-3A, Class A1, (1-month USD-LIBOR + 0.20%) 5.393% 9/15/20412,3,10 | | | 335 | | | | 323 | |
Hertz Vehicle Financing III, LLC, Series 2021-A, Class B, 9.44% 6/25/20252,5,10 | | | 49,770 | | | | 49,770 | |
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class A, 1.21% 12/26/20252,10 | | | 54,896 | | | | 51,465 | |
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class B, 1.56% 12/26/20252,10 | | | 6,931 | | | | 6,485 | |
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class C, 2.05% 12/26/20252,10 | | | 3,902 | | | | 3,630 | |
Hertz Vehicle Financing III, LLC, Series 2022-1A, Class A, 1.99% 6/25/20262,10 | | | 38,456 | | | | 35,711 | |
58 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Asset-backed obligations (continued) | | | | | | |
Hertz Vehicle Financing III, LLC, Series 2022-1A, Class B, 2.19% 6/25/20262,10 | | USD | 2,237 | | | $ | 2,062 | |
Hertz Vehicle Financing III, LLC, Series 2022-1A, Class C, 2.63% 6/25/20262,10 | | | 943 | | | | 864 | |
Hertz Vehicle Financing III, LLC, Series 2022-4A, Class A, 3.73% 9/25/20262,10 | | | 17,787 | | | | 16,975 | |
Hertz Vehicle Financing III, LLC, Series 2021-2A, Class A, 1.68% 12/27/20272,10 | | | 77,440 | | | | 67,597 | |
Hertz Vehicle Financing III, LLC, Series 2021-2A, Class B, 2.12% 12/27/20272,10 | | | 6,275 | | | | 5,491 | |
Hertz Vehicle Financing III, LLC, Series 2021-2A, Class C, 2.52% 12/27/20272,10 | | | 3,138 | | | | 2,711 | |
Home Equity Asset Trust, Series 2004-7, Class M1, (1-month USD-LIBOR + 0.62%) 6.080% 1/25/20353,10 | | | 205 | | | | 203 | |
Honda Auto Receivables Owner Trust, Series 2023-1, Class A3, 5.04% 4/21/202710 | | | 1,426 | | | | 1,418 | |
Honda Auto Receivables Owner Trust, Series 2023-1, Class A4, 4.38% 6/21/202910 | | | 1,308 | | | | 1,301 | |
HPS Loan Management 6-2015, Ltd., Series 6A-2015, Class A1R, (3-month USD-LIBOR + 1.00%) 6.326% 2/5/20312,3,10 | | | 5,994 | | | | 5,957 | |
Hyundai Auto Lease Securitization Trust, Series 2023-A, Class A2A, 5.20% 4/15/20252,10 | | | 1,159 | | | | 1,155 | |
Hyundai Auto Lease Securitization Trust, Series 2023-A, Class A3, 5.05% 1/15/20262,10 | | | 2,417 | | | | 2,398 | |
Hyundai Auto Lease Securitization Trust, Series 2023-A, Class A4, 4.94% 11/16/20262,10 | | | 1,462 | | | | 1,445 | |
Juniper Valley Park CLO, Ltd., Series 2023-1, Class A1, (3-month USD CME Term SOFR + 1.85%) 7.005% 7/20/20352,3,10 | | | 17,438 | | | | 17,443 | |
KKR Financial CLO, Ltd., Series 22-43, Class D, (3-month USD CME Term SOFR + 6.12%) 11.106% 7/15/20342,3,10 | | | 1,180 | | | | 1,170 | |
KKR Financial CLO, Ltd., Series 22-42A, Class B, (3-month USD CME Term SOFR + 2.05%) 7.098% 7/20/20342,3,10 | | | 15,000 | | | | 14,876 | |
KKR Static CLO I, Ltd., Series 2021-1A, Class C, (3-month USD CME Term SOFR + 3.40%) 8.448% 7/20/20312,3,10 | | | 3,000 | | | | 3,010 | |
LAD Auto Receivables Trust, Series 2021-1A, Class A, 1.30% 8/17/20262,10 | | | 4,882 | | | | 4,760 | |
LAD Auto Receivables Trust, Series 2023-1, Class A2, 5.68% 10/15/20262,10 | | | 9,330 | | | | 9,287 | |
LAD Auto Receivables Trust, Series 2021-1A, Class B, 1.94% 11/16/20262,10 | | | 1,804 | | | | 1,707 | |
LAD Auto Receivables Trust, Series 2022-1, Class A, 5.21% 6/15/20272,10 | | | 6,028 | | | | 5,959 | |
LAD Auto Receivables Trust, Series 2023-1, Class A3, 5.48% 6/15/20272,10 | | | 6,324 | | | | 6,249 | |
LAD Auto Receivables Trust, Series 2023-2, Class A2, 5.93% 6/15/20272,10 | | | 6,774 | | | | 6,743 | |
LAD Auto Receivables Trust, Series 2022-1, Class B, 5.87% 9/15/20272,10 | | | 2,901 | | | | 2,871 | |
LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/20272,10 | | | 927 | | | | 922 | |
LAD Auto Receivables Trust, Series 2023-2, Class A3, 5.42% 2/15/20282,10 | | | 21,187 | | | | 20,894 | |
LAD Auto Receivables Trust, Series 2023-2, Class B, 5.45% 4/15/20282,10 | | | 4,473 | | | | 4,408 | |
LAD Auto Receivables Trust, Series 2023-2, Class C, 5.58% 9/15/20282,10 | | | 9,891 | | | | 9,737 | |
LAD Auto Receivables Trust, Series 2022-1, Class C, 6.85% 4/15/20302,10 | | | 4,131 | | | | 4,120 | |
LAD Auto Receivables Trust, Series 2023-1, Class D, 7.30% 6/17/20302,10 | | | 981 | | | | 990 | |
LAD Auto Receivables Trust, Series 2023-2, Class D, 6.30% 2/15/20312,10 | | | 895 | | | | 880 | |
Madison Park Funding, Ltd., CLO, Series 2015-17A, Class AR2, (3-month USD-LIBOR + 1.00%) 6.261% 7/21/20302,3,10 | | | 4,958 | | | | 4,917 | |
Madison Park Funding, Ltd., CLO, Series 2021-50A, Class A, (3-month USD CME Term SOFR + 1.402%) 6.405% 4/19/20342,3,10 | | | 250 | | | | 247 | |
Madison Park Funding, Ltd., CLO, Series 2020-45A, Class AR, (3-month USD-LIBOR + 1.12%) 6.38% 7/15/20342,3,10 | | | 500 | | | | 488 | |
Marathon CLO, Ltd., Series 2017-9A, Class A1AR, (3-month USD-LIBOR + 1.15%) 6.41% 4/15/20292,3,10 | | | 2,695 | | | | 2,678 | |
Marathon Static CLO, Ltd., Series 2022-18A, Class A1, (3-month USD-LIBOR + 2.22%) 7.268% 7/20/20302,3,10 | | | 10,119 | | | | 10,103 | |
MidOcean Credit CLO, Series 2018-9, Class D, (3-month USD-LIBOR + 3.30%) 8.55% 7/20/20312,3,10 | | | 2,500 | | | | 2,209 | |
Mission Lane Credit Card Master Trust, Series 2022-B, Class A1, 8.25% 1/15/20285,8,10 | | | 6,581 | | | | 6,563 | |
Mission Lane Credit Card Master Trust, Series 2022-B, Class A2, 8.73% 1/15/20285,8,10 | | | 1,050 | | | | 1,047 | |
Mission Lane Credit Card Master Trust, Series 2023-A, Class A, 7.23% 7/17/20282,10 | | | 22,893 | | | | 22,681 | |
Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 5/15/20692,10 | | | 5,473 | | | | 4,752 | |
Navient Student Loan Trust, Series 2021-B, Class A, 0.94% 7/15/20692,10 | | | 5,239 | | | | 4,529 | |
Navient Student Loan Trust, Series 2021-C, Class A, 1.06% 10/15/20692,10 | | | 26,987 | | | | 23,299 | |
Navient Student Loan Trust, Series 2021-EA, Class A, 0.97% 12/16/20692,10 | | | 10,127 | | | | 8,568 | |
Navient Student Loan Trust, Series 2021-FA, Class A, 1.11% 2/18/20702,10 | | | 3,367 | | | | 2,813 | |
Navient Student Loan Trust, Series 2021-G, Class A, 1.58% 4/15/20702,10 | | | 6,177 | | | | 5,308 | |
Navigator Aircraft ABS, Ltd., Series 2021-1, Class A, 2.771% 11/15/20462,10 | | | 23,019 | | | | 20,077 | |
Nelnet Student Loan Trust, Series 2021-C, Class AFX, 1.32% 4/20/20622,10 | | | 2,673 | | | | 2,376 | |
Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/20622,10 | | | 30,296 | | | | 26,908 | |
Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/20622,10 | | | 67,894 | | | | 60,377 | |
Nelnet Student Loan Trust, Series 2021-C, Class AFL, (1-month USD-LIBOR + 0.74%) 5.886% 4/20/20622,3,10 | | | 19,769 | | | | 19,411 | |
The Bond Fund of America | 59 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Asset-backed obligations (continued) | | | | | | |
Neuberger Berman CLO, Ltd., Series 2018-29, Class C, (3-month USD-LIBOR + 2.15%) 7.415% 10/19/20312,3,10 | | USD | 1,000 | | | $ | 983 | |
Neuberger Berman CLO, Ltd., Series 2022-49A, Class A, (3-month USD CME Term SOFR + 1.42%) 6.488% 7/25/20342,3,10 | | | 2,100 | | | | 2,075 | |
New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/20612,10 | | | 305,300 | | | | 260,542 | |
Newark BSL CLO 1, Ltd., Series 2016-1A, Class A1R, (3-month USD CME Term SOFR + 1.362%) 6.44% 12/21/20292,3,10 | | | 1,153 | | | | 1,145 | |
Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD-LIBOR + 0.97%) 6.225% 7/25/20302,3,10 | | | 2,041 | | | | 2,019 | |
Nissan Auto Lease Trust, Series 2023-A, Class A3, 4.91% 1/15/202610 | | | 3,238 | | | | 3,205 | |
Northwoods Capital, Ltd., CLO, Series 2018-11B, Class A1, (3-month USD-LIBOR + 1.10%) 6.365% 4/19/20312,3,10 | | | 2,463 | | | | 2,435 | |
Northwoods Capital, Ltd., CLO, Series 2018-17, Class D, (3-month USD-LIBOR + 2.85%) 8.123% 4/22/20312,3,10 | | | 1,838 | | | | 1,591 | |
Ocean Trails CLO, Series 2023-14, Class A1, (3-month USD CME Term SOFR + 2.00%) 6.78% 1/20/20352,3,10 | | | 19,600 | | | | 19,640 | |
Ocean Trails CLO, Series 2023-14, Class B1, (3-month USD CME Term SOFR + 2.75%) 7.53% 1/20/20352,3,10 | | | 500 | | | | 501 | |
Ocean Trails CLO, Series 2022-12A, Class A2, (3-month USD CME Term SOFR + 1.80%) 6.828% 7/20/20352,3,10 | | | 8,000 | | | | 7,778 | |
OCP CLO, Ltd., Series 2018-15A, Class A1, (3-month USD-LIBOR + 1.10%) 6.35% 7/20/20312,3,10 | | | 10,250 | | | | 10,174 | |
OCP CLO, Ltd., Series 2019-16A, Class AR, (3-month USD-LIBOR + 1.00%) 6.211% 4/10/20332,3,10 | | | 2,000 | | | | 1,972 | |
OCP CLO, Ltd., Series 2023-28, Class D, (3-month USD CME Term SOFR + 5.35%) 10.597% 7/16/20362,3,10 | | | 500 | | | | 502 | |
Octagon 64, Ltd., CLO, Series 2022-1A, Class B1, (3-month USD CME Term SOFR + 2.10%) 7.156% 7/21/20372,3,10 | | | 1,000 | | | | 994 | |
Octagon Investment Partners 48, Ltd., CLO, Series 2020-3, Class DR, (3-month USD-LIBOR + 3.10%) 8.35% 10/20/20342,3,10 | | | 250 | | | | 229 | |
OnDeck Asset Securitization Trust, LLC, Series 2021-1A, Class A, 1.59% 5/17/20272,10 | | | 15,641 | | | | 14,947 | |
OnDeck Asset Securitization Trust, LLC, Series 2021-1A, Class B, 2.28% 5/17/20272,10 | | | 700 | | | | 658 | |
Oportun Funding, LLC, Series 2021-A, Class A, 1.21% 3/8/20282,10 | | | 4,103 | | | | 3,911 | |
Oportun Funding, LLC, Series 2021-B, Class A, 1.47% 5/8/20312,10 | | | 10,824 | | | | 9,814 | |
Palmer Square Loan Funding, CLO, Series 2020-4, Class A1, (3-month USD-LIBOR + 1.00%) 6.396% 11/25/20282,3,10 | | | 4,965 | | | | 4,951 | |
Palmer Square Loan Funding, CLO, Series 2021-1, Class A1, (3-month USD-LIBOR + 0.90%) 6.15% 4/20/20292,3,10 | | | 1,397 | | | | 1,389 | |
Palmer Square Loan Funding, CLO, Series 2021-2A, Class A1, (3-month USD-LIBOR + 0.80%) 6.179% 5/20/20292,3,10 | | | 571 | | | | 566 | |
Palmer Square Loan Funding, CLO, Series 2021-3, Class A1, (3-month USD-LIBOR + 0.80%) 6.05% 7/20/20292,3,10 | | | 3,252 | | | | 3,213 | |
Palmer Square Loan Funding, CLO, Series 2021-4A, Class A1, (3-month USD-LIBOR + 0.80%) 6.06% 10/15/20292,3,10 | | | 9,054 | | | | 8,964 | |
Palmer Square Loan Funding, CLO, Series 2021-4A, Class A2, (3-month USD-LIBOR + 1.40%) 6.66% 10/15/20292,3,10 | | | 856 | | | | 837 | |
Palmer Square Loan Funding, CLO, Series 2022-1A, Class A1, (3-month USD CME Term SOFR + 1.05%) 6.04% 4/15/20302,3,10 | | | 10,270 | | | | 10,171 | |
Palmer Square Loan Funding, CLO, Series 2022-2A, Class A1, (3-month USD CME Term SOFR + 1.27%) 6.256% 10/15/20302,3,10 | | | 355 | | | | 352 | |
Palmer Square Loan Funding, CLO, Series 2022-5, Class A1, (3-month USD CME Term SOFR + 1.56%) 6.546% 1/15/20312,3,10 | | | 40,077 | | | | 39,912 | |
Palmer Square Loan Funding, CLO, Series 2022-3, Class A1A, (3-month USD CME Term SOFR + 1.82%) 6.806% 4/15/20312,3,10 | | | 4,370 | | | | 4,367 | |
Palmer Square Loan Funding, CLO, Series 2018-2, Class A1A, (3-month USD CME Term SOFR + 0.262% + 1.10%) 6.36% 7/16/20312,3,10 | | | 5,000 | | | | 4,960 | |
Palmer Square Loan Funding, CLO, Series 2023-1, Class A1, (3-month USD CME Term SOFR + 1.70%) 6.812% 7/20/20312,3,10 | | | 12,000 | | | | 12,009 | |
Palmer Square Loan Funding, CLO, Series 2022-4, Class A1, (3-month USD-CME Term SOFR + 1.75%) 6.526% 7/24/20312,3,10 | | | 4,444 | | | | 4,427 | |
Park Blue CLO, Ltd., Series 2022-1, Class A1, (3-month USD CME Term SOFR + 2.45%) 7.498% 10/20/20342,3,10 | | | 1,500 | | | | 1,507 | |
PFS Financing Corp., Series 2021-B, Class A, 0.775% 8/17/20262,10 | | | 35,117 | | | | 33,069 | |
PFS Financing Corp., Series 2022-D, Class A, 4.27% 8/16/20272,10 | | | 11,570 | | | | 11,216 | |
PFS Financing Corp., Series 2022-D, Class B, 4.90% 8/16/20272,10 | | | 862 | | | | 836 | |
PFS Financing Corp., Series 2023-A, Class A, 5.80% 3/15/20282,10 | | | 12,000 | | | | 12,021 | |
60 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Asset-backed obligations (continued) | | | | | | |
PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/20282,10 | | USD | 35,047 | | | $ | 34,846 | |
Pikes Peak CLO, Series 2022-11, Class A2, (3-month USD CME Term SOFR + 2.20%) 6.859% 7/25/20342,3,10 | | | 7,000 | | | | 6,988 | |
Post CLO, Ltd., Series 2021-1, Class A, (3-month USD-LIBOR + 1.20%) 6.46% 10/15/20342,3,10 | | | 3,050 | | | | 2,980 | |
PPM CLO, Ltd., Series 2022-6, Class A, (3-month USD CME Term SOFR + 2.45%) 7.025% 1/20/20312,3,10 | | | 2,487 | | | | 2,489 | |
PPM CLO, Ltd., Series 2022-6, Class C, (3-month USD CME Term SOFR + 4.50%) 9.075% 1/20/20312,3,10 | | | 2,000 | | | | 2,015 | |
Prestige Auto Receivables Trust, Series 2019-1A, Class C, 2.70% 10/15/20242,10 | | | 120 | | | | 120 | |
Prestige Auto Receivables Trust, Series 2019-1A, Class D, 3.01% 8/15/20252,10 | | | 2,435 | | | | 2,418 | |
Prestige Auto Receivables Trust, Series 2023-1, Class A2, 5.88% 3/16/20262,10 | | | 2,894 | | | | 2,884 | |
Prodigy Finance DAC, Series 2021-1A, Class A, (1-month USD CME Term SOFR + 1.365%) 6.40% 7/25/20512,3,10 | | | 2,331 | | | | 2,304 | |
Regatta VI Funding, Ltd., CLO, Series 2016-1, Class AR2, (3-month USD-LIBOR + 1.16%) 6.41% 4/20/20342,3,10 | | | 3,000 | | | | 2,939 | |
Regatta XXII Funding, Ltd., Series 2022-2A, Class A, (3-month USD CME Term SOFR + 1.54%) 6.588% 7/20/20352,3,10 | | | 3,000 | | | | 2,945 | |
Regatta XXII Funding, Ltd., Series 2022-2A, Class C, (3-month USD CME Term SOFR + 2.50%) 7.548% 7/20/20352,3,10 | | | 3,500 | | | | 3,489 | |
Research-Driven Pagaya Motor Asset Trust I, Series 2022-3, Class A, 5.38% 11/25/20302,10 | | | 5,745 | | | | 5,621 | |
Residential Funding Mortgage Securities II, Inc., Series 2006-HSA3, Class A, FSA insured, (1-month USD-LIBOR + 0.13%) 5.28% 5/25/20363,10 | | | 31 | | | | 31 | |
RIN, Ltd., CLO, Series 2021-1, Class A, (3-month USD-LIBOR + 1.30%) 6.55% 4/20/20332,3,10 | | | 6,000 | | | | 5,874 | |
Rockford Tower CLO, Ltd., Series 2022-1A, Class B, (3-month USD CME Term SOFR + 2.10%) 7.148% 7/20/20352,3,10 | | | 10,000 | | | | 9,648 | |
RRAM, CLO, Series 2022-24, Class A1, (3-month USD CME Term SOFR + 2.40%) 7.386% 1/15/20322,3,10 | | | 3,848 | | | | 3,862 | |
Santander Drive Auto Receivables Trust, Series 2019-2, Class D, 3.22% 7/15/202510 | | | 741 | | | | 739 | |
Santander Drive Auto Receivables Trust, Series 2022-4, Class A2, 4.05% 7/15/202510 | | | 84 | | | | 84 | |
Santander Drive Auto Receivables Trust, Series 2020-1, Class C, 4.11% 12/15/202510 | | | 7,567 | | | | 7,533 | |
Santander Drive Auto Receivables Trust, Series 2022-7, Class A2, 5.81% 1/15/202610 | | | 2,126 | | | | 2,126 | |
Santander Drive Auto Receivables Trust, Series 2023-2, Class A2, 5.87% 3/16/202610 | | | 3,675 | | | | 3,672 | |
Santander Drive Auto Receivables Trust, Series 2023-1, Class A2, 5.36% 5/15/202610 | | | 2,285 | | | | 2,280 | |
Santander Drive Auto Receivables Trust, Series 2021-2, Class C, 0.90% 6/15/202610 | | | 10,533 | | | | 10,388 | |
Santander Drive Auto Receivables Trust, Series 2022-5, Class A3, 4.11% 8/17/202610 | | | 139 | | | | 138 | |
Santander Drive Auto Receivables Trust, Series 2020-3, Class D, 1.64% 11/16/202610 | | | 5,129 | | | | 5,000 | |
Santander Drive Auto Receivables Trust, Series 2022-5, Class B, 4.43% 3/15/202710 | | | 6,249 | | | | 6,128 | |
Santander Drive Auto Receivables Trust, Series 2022-7, Class A3, 5.75% 4/15/202710 | | | 557 | | | | 556 | |
Santander Drive Auto Receivables Trust, Series 2022-6, Class B, 4.72% 6/15/202710 | | | 4,737 | | | | 4,637 | |
Santander Drive Auto Receivables Trust, Series 2021-2, Class D, 1.35% 7/15/202710 | | | 11,111 | | | | 10,504 | |
Santander Drive Auto Receivables Trust, Series 2021-3, Class C, 0.95% 9/15/202710 | | | 9,296 | | | | 9,107 | |
Santander Drive Auto Receivables Trust, Series 2021-3, Class D, 1.33% 9/15/202710 | | | 7,003 | | | | 6,541 | |
Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95% 1/17/202810 | | | 1,309 | | | | 1,304 | |
Santander Drive Auto Receivables Trust, Series 2023-1, Class B, 4.98% 2/15/202810 | | | 5,650 | | | | 5,550 | |
Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/15/202810 | | | 5,663 | | | | 5,488 | |
Santander Drive Auto Receivables Trust, Series 2022-6, Class C, 4.96% 11/15/202810 | | | 4,624 | | | | 4,497 | |
Santander Drive Auto Receivables Trust, Series 2023-1, Class C, 5.09% 5/15/203010 | | | 3,968 | | | | 3,868 | |
Santander Drive Auto Receivables Trust, Series 2022-7, Class C, 6.69% 3/17/203110 | | | 2,368 | | | | 2,414 | |
SFS Auto Receivables Securitization Trust, Series 2023-1, Class A2A, 5.89% 3/22/20272,10 | | | 14,979 | | | | 14,986 | |
SFS Auto Receivables Securitization Trust, Series 2023-1, Class A3, 5.47% 10/20/20282,10 | | | 4,569 | | | | 4,566 | |
SFS Auto Receivables Securitization Trust, Series 2023-1, Class A4, 5.47% 12/20/20292,10 | | | 2,641 | | | | 2,633 | |
SFS Auto Receivables Securitization Trust, Series 2023-1, Class B, 5.71% 1/22/20302,10 | | | 2,244 | | | | 2,242 | |
SFS Auto Receivables Securitization Trust, Series 2023-1, Class C, 5.97% 2/20/20312,10 | | | 3,578 | | | | 3,573 | |
Signal Peak CLO, LLC, Series 2015-1, (3-month USD-LIBOR + 0.98%) 6.23% 4/20/20292,3,10 | | | 1,090 | | | | 1,082 | |
SLAM, Ltd., Series 2021-1, Class A, 2.434% 6/15/20462,10 | | | 15,746 | | | | 13,533 | |
SLAM, Ltd., Series 2021-1, Class B, 3.422% 6/15/20462,10 | | | 2,899 | | | | 2,424 | |
SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/20532,10 | | | 4,747 | | | | 4,062 | |
SOLRR Aircraft Aviation Holding, Ltd., Series 2021-1, Class A, 2.636% 10/15/20462,10 | | | 12,554 | | | | 10,933 | |
The Bond Fund of America | 61 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Asset-backed obligations (continued) | | | | | | |
Sound Point CLO, Ltd., Series 2015-1RA, Class AR, (3-month USD-LIBOR + 1.08%) 6.34% 4/15/20302,3,10 | | USD | 1,983 | | | $ | 1,968 | |
SPRITE, Ltd., Series 2021-1, Class A, 3.75% 11/15/20462,10 | | | 17,696 | | | | 15,871 | |
Stellar Jay Ireland DAC, Series 2021-1, Class A, 3.967% 10/15/20412,10 | | | 2,064 | | | | 1,671 | |
Stonepeak Infrastructure Partners, Series 2021-1A, Class AA, 2.301% 2/28/20332,10 | | | 4,916 | | | | 4,453 | |
Stonepeak Infrastructure Partners, Series 2021-1A, Class A, 2.675% 2/28/20332,10 | | | 6,527 | | | | 5,806 | |
Stratus Static CLO, Ltd., Series 2021-1, Class A, (3-month USD-LIBOR + 0.80%) 6.05% 12/29/20292,3,10 | | | 321 | | | | 318 | |
Stratus Static CLO, Ltd., Series 2022-1, Class A, (3-month USD CME Term SOFR + 1.75%) 6.798% 7/20/20302,3,10 | | | 9,379 | | | | 9,371 | |
Stratus Static CLO, Ltd., Series 2022-2, Class A, (3-month USD CME Term SOFR + 1.90%) 6.948% 7/20/20302,3,10 | | | 2,394 | | | | 2,392 | |
Stratus Static CLO, Ltd., Series 2022-3, Class A, (3-month USD CME Term SOFR + 2.15%) 7.198% 10/20/20312,3,10 | | | 13,166 | | | | 13,185 | |
Stratus Static CLO, Ltd., Series 2022-3, Class B, (3-month USD CME Term SOFR + 3.05%) 8.098% 10/20/20312,3,10 | | | 11,033 | | | | 11,068 | |
SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/20752,10 | | | 11,671 | | | | 10,632 | |
Sycamore Tree CLO, Ltd., Series 2023-3, Class A1, (3-month USD CME Term SOFR + 2.20%) 7.32% 4/20/20352,3,10 | | | 23,500 | | | | 23,530 | |
Symphony Static CLO, Ltd., Series 2021-1, Class A, (3-month USD-LIBOR + 0.83%) 6.085% 10/25/20292,3,10 | | | 2,071 | | | | 2,048 | |
TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/20452,10 | | | 5,430 | | | | 4,765 | |
TCW Gem, Ltd., CLO, Series 2020-1, Class DRR, (3-month USD-LIBOR + 3.40%) 8.65% 4/20/20342,3,10 | | | 750 | | | | 682 | |
Textainer Marine Containers, Ltd., Series 2020-1A, Class A, 2.73% 8/21/20452,10 | | | 12,834 | | | | 11,667 | |
Textainer Marine Containers, Ltd., Series 2020-1A, Class B, 4.94% 8/21/20452,10 | | | 5,163 | | | | 4,818 | |
Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/20452,10 | | | 2,978 | | | | 2,615 | |
Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 4/20/20462,10 | | | 26,519 | | | | 22,784 | |
TICP CLO, Ltd., Series 2019-14, Class A1R, (3-month USD-LIBOR + 1.08%) 6.33% 10/20/20322,3,10 | | | 1,000 | | | | 988 | |
TIF Funding II, LLC, Series 2020-1A, Class B, 3.82% 8/20/20452,10 | | | 1,440 | | | | 1,269 | |
Toyota Auto Loan Extended Note Trust, Series 2019-1, Class A, 2.56% 11/25/20312,10 | | | 7,250 | | | | 7,043 | |
Toyota Auto Loan Extended Note Trust, Series 2020-1, Class A, 1.35% 5/25/20332,10 | | | 5,335 | | | | 4,929 | |
Toyota Auto Loan Extended Note Trust, Series 2021-1, Class A, 1.07% 2/27/20342,3,10 | | | 27,912 | | | | 24,947 | |
Toyota Lease Owner Trust, Series 2023-A, Class A2, 5.30% 8/20/20252,10 | | | 14,466 | | | | 14,403 | |
Tralee CDO, Ltd., Series 2021-7, Class D, (3-month USD-LIBOR + 3.18%) 8.435% 4/25/20342,3,10 | | | 1,000 | | | | 898 | |
Trinitas CLO, Ltd., Series 2023-22A, Class D, (3-month USD CME Term SOFR + 6.19%) 11.263% 7/20/20362,3,10 | | | 1,500 | | | | 1,504 | |
Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/20452,10 | | | 3,659 | | | | 3,140 | |
Triton Container Finance VIII, LLC, Series 2021-1, Class A, 1.86% 3/20/20462,10 | | | 11,745 | | | | 9,874 | |
Triton Container Finance VIII, LLC, Series 2021-1A, Class B, 2.58% 3/20/20462,10 | | | 933 | | | | 769 | |
Venture CDO, Ltd., CLO, Series 2017-29, Class AR, (3-month USD-LIBOR + 0.99%) 6.311% 9/7/20302,3,10 | | | 1,411 | | | | 1,394 | |
Venture CDO, Ltd., CLO, Series 2018-32, Class A2A, (3-month USD-LIBOR + 1.07%) 6.332% 7/18/20312,3,10 | | | 1,490 | | | | 1,472 | |
Verizon Master Trust, Series 2022-7, Class A1A, 5.23% 11/22/2027 (5.98% on 11/20/2024)1,10 | | | 2,425 | | | | 2,411 | |
Verizon Master Trust, Series 2023-2, Class A, 4.89% 4/13/202810 | | | 16,995 | | | | 16,854 | |
Verizon Master Trust, Series 2023-3, Class A, 4.73% 4/21/20312,10 | | | 31,476 | | | | 31,228 | |
Vibrant CLO, Ltd., Series 2017-7, Class A1R, (3-month USD-LIBOR + 1.04%) 6.29% 9/15/20302,3,10 | | | 4,265 | | | | 4,229 | |
Vibrant CLO, Ltd., Series 2023-16, Class A2, (3-month USD CME Term SOFR + 2.80%) 4.935% 4/15/20362,3,10 | | | 2,000 | | | | 2,019 | |
Wellfleet CLO, Ltd., Series 2022-1, Class A2, (3-month USD CME Term SOFR + 1.95%) 6.936% 4/15/20342,3,10 | | | 5,000 | | | | 4,892 | |
Wellfleet CLO, Ltd., Series 2022-1, Class C, (3-month USD CME Term SOFR + 2.85%) 7.836% 4/15/20342,3,10 | | | 1,100 | | | | 1,085 | |
Westlake Automobile Receivables Trust, Series 2020-2, Class C, 2.01% 7/15/20252,10 | | | 311 | | | | 310 | |
Westlake Automobile Receivables Trust, Series 2022-2A, Class A2A, 3.36% 8/15/20252,10 | | | 165 | | | | 164 | |
Westlake Automobile Receivables Trust, Series 2020-3A, Class C, 1.24% 11/17/20252,10 | | | 2,699 | | | | 2,666 | |
Westlake Automobile Receivables Trust, Series 2020-3A, Class D, 1.65% 2/17/20262,10 | | | 8,060 | | | | 7,745 | |
Westlake Automobile Receivables Trust, Series 2023-1, Class A2A, 5.51% 6/15/20262,10 | | | 3,043 | | | | 3,032 | |
Westlake Automobile Receivables Trust, Series 2021-2, Class B, 0.62% 7/15/20262,10 | | | 10,314 | | | | 10,176 | |
62 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Asset-backed obligations (continued) | | | | | | |
Westlake Automobile Receivables Trust, Series 2021-2, Class C, 0.89% 7/15/20262,10 | | USD | 13,309 | | | $ | 12,722 | |
Westlake Automobile Receivables Trust, Series 2023-2, Class A2A, 5.87% 7/15/20262,10 | | | 1,254 | | | | 1,251 | |
Westlake Automobile Receivables Trust, Series 2021-2, Class D, 1.23% 12/15/20262,10 | | | 8,825 | | | | 8,180 | |
Westlake Automobile Receivables Trust, Series 2023-2, Class A3, 5.80% 2/16/20272,10 | | | 12,615 | | | | 12,601 | |
Westlake Automobile Receivables Trust, Series 2022-1A, Class D, 3.49% 3/15/20272,10 | | | 5,523 | | | | 5,237 | |
Westlake Automobile Receivables Trust, Series 2022-3, Class B, 5.99% 12/15/20272,10 | | | 5,950 | | | | 5,903 | |
Westlake Automobile Receivables Trust, Series 2022-3, Class C, 6.44% 12/15/20272,10 | | | 4,531 | | | | 4,524 | |
Westlake Automobile Receivables Trust, Series 2023-1, Class A3, 5.21% 1/18/20282,10 | | | 993 | | | | 983 | |
Westlake Automobile Receivables Trust, Series 2023-1, Class B, 5.41% 1/18/20282,10 | | | 1,062 | | | | 1,049 | |
Westlake Automobile Receivables Trust, Series 2023-1, Class C, 5.74% 8/15/20282,10 | | | 2,059 | | | | 2,033 | |
Westlake Automobile Receivables Trust, Series 2023-1, Class D, 6.79% 11/15/20282,10 | | | 4,024 | | | | 4,018 | |
Wind River CLO, Ltd., Series 2021-3A, Class A, (3-month USD-LIBOR + 1.15%) 6.40% 7/20/20332,3,10 | | | 311 | | | | 303 | |
Wind River CLO, Ltd., Series 2022-1A, Class A, (3-month USD CME Term SOFR + 1.53%) 6.578% 7/20/20352,3,10 | | | 10,000 | | | | 9,809 | |
World Financial Network Credit Card Master Trust, Series 2023-A, Class A, 5.02% 3/15/203010 | | | 8,349 | | | | 8,259 | |
| | | | | | | 3,618,833 | |
| | | | | | | | |
Bonds & notes of governments & government agencies outside the U.S. 1.14% | | | | | | | | |
Asian Development Bank 4.125% 9/27/2024 | | | 7,629 | | | | 7,511 | |
Asian Development Bank 1.50% 10/18/2024 | | | 15,979 | | | | 15,223 | |
Asian Development Bank 2.50% 11/2/2027 | | | 3,451 | | | | 3,206 | |
Asian Development Bank 2.75% 1/19/2028 | | | 3 | | | | 3 | |
Asian Development Bank 3.875% 9/28/2032 | | | 1,768 | | | | 1,752 | |
British Columbia (Province of) 4.20% 7/6/2033 | | | 42,709 | | | | 42,653 | |
Caisse d’Amortissement de la Dette Sociale 1.125% 11/29/20242 | | | 10,000 | | | | 9,427 | |
Colombia (Republic of) 7.50% 2/2/2034 | | | 17,480 | | | | 17,138 | |
CPPIB Capital, Inc. 0.50% 9/16/20242 | | | 3,887 | | | | 3,664 | |
CPPIB Capital, Inc. (USD-SOFR + 1.25%) 5.05% 3/11/20262,3 | | | 6,621 | | | | 6,769 | |
CPPIB Capital, Inc. 0.875% 9/9/20262 | | | 8,156 | | | | 7,234 | |
Development Bank of Japan, Inc. 1.75% 2/18/20252 | | | 6,928 | | | | 6,529 | |
Development Bank of Japan, Inc. 1.25% 10/20/20262 | | | 8,230 | | | | 7,301 | |
Development Bank of Japan, Inc. 1.75% 10/20/20312 | | | 3,068 | | | | 2,510 | |
Dominican Republic 7.05% 2/3/20312 | | | 4,690 | | | | 4,683 | |
Greece (Hellenic Republic of) 3.875% 6/15/2028 | | EUR | 154,250 | | | | 171,442 | |
Greece (Hellenic Republic of) 1.50% 6/18/2030 | | | 77,550 | | | | 73,631 | |
Greece (Hellenic Republic of) 0.75% 6/18/2031 | | | 68,950 | | | | 60,434 | |
Greece (Hellenic Republic of) 4.25% 6/15/2033 | | | 176,100 | | | | 201,373 | |
Indonesia Asahan Aluminium (Persero) PT 5.71% 11/15/20232 | | USD | 2,050 | | | | 2,042 | |
Indonesia Asahan Aluminium (Persero) PT 6.53% 11/15/2028 | | | 8,528 | | | | 8,781 | |
Indonesia Asahan Aluminium (Persero) PT 6.53% 11/15/20282 | | | 1,867 | | | | 1,922 | |
Indonesia Asahan Aluminium (Persero) PT 5.45% 5/15/2030 | | | 8,000 | | | | 7,764 | |
Indonesia Asahan Aluminium (Persero) PT 6.757% 11/15/20482 | | | 655 | | | | 641 | |
Indonesia Asahan Aluminium (Persero) PT 5.80% 5/15/2050 | | | 3,000 | | | | 2,650 | |
Indonesia Asahan Aluminium (Persero) PT 5.80% 5/15/20502 | | | 2,690 | | | | 2,376 | |
Inter-American Development Bank 4.50% 5/15/2026 | | | 11,746 | | | | 11,716 | |
Inter-American Development Bank 1.125% 7/20/2028 | | | 1 | | | | 1 | |
International Bank for Reconstruction and Development 1.625% 1/15/2025 | | | 4 | | | | 4 | |
International Bank for Reconstruction and Development 0.75% 3/11/2025 | | | 4,974 | | | | 4,629 | |
Japan Bank for International Cooperation 2.875% 4/14/2025 | | | 5,488 | | | | 5,259 | |
Japan Bank for International Cooperation 1.875% 4/15/2031 | | | 6,576 | | | | 5,440 | |
Kommuninvest i Sverige Aktiebolag 0.50% 7/5/20232 | | | 10,129 | | | | 10,129 | |
OMERS Finance Trust 3.50% 4/19/20322 | | | 3,470 | | | | 3,184 | |
Ontario Teachers’ Finance Trust 0.875% 9/21/20262 | | | 7,433 | | | | 6,562 | |
Ontario Teachers’ Finance Trust 3.00% 4/13/20272 | | | 4,279 | | | | 4,001 | |
Ontario Teachers’ Finance Trust 2.00% 4/16/20312 | | | 6,787 | | | | 5,642 | |
Panama (Republic of) 3.75% 4/17/2026 | | | 27,844 | | | | 27,415 | |
Panama (Republic of) 3.362% 6/30/2031 | | | 24,791 | | | | 21,339 | |
Panama (Republic of) 2.252% 9/29/2032 | | | 11,340 | | | | 8,694 | |
Peru (Republic of) 2.783% 1/23/2031 | | | 18,960 | | | | 16,255 | |
PETRONAS Capital, Ltd. 3.50% 4/21/20302 | | | 4,450 | | | | 4,110 | |
PETRONAS Capital, Ltd. 4.55% 4/21/20502 | | | 5,695 | | | | 5,236 | |
PSP Capital, Inc. 1.625% 10/26/20282 | | | 6,054 | | | | 5,228 | |
Russian Federation 1.85% 11/20/20324 | | EUR | 12,500 | | | | 6,070 | |
The Bond Fund of America | 63 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Bonds & notes of governments & government agencies outside the U.S. (continued) | | | | | | |
Russian Federation 5.10% 3/28/20354 | | USD | 52,800 | | | $ | 22,176 | |
Russian Federation 5.10% 3/28/20352,4 | | | 800 | | | | 336 | |
Swedish Export Credit Corp. 3.625% 9/3/2024 | | | 4,489 | | | | 4,389 | |
United Mexican States 5.40% 2/9/2028 | | | 2,175 | | | | 2,217 | |
United Mexican States 4.875% 5/19/2033 | | | 390 | | | | 373 | |
United Mexican States 6.35% 2/9/2035 | | | 743 | | | | 783 | |
United Mexican States 5.00% 4/27/2051 | | | 5,100 | | | | 4,435 | |
United Mexican States 4.40% 2/12/2052 | | | 229 | | | | 181 | |
United Mexican States 6.338% 5/4/2053 | | | 7,175 | | | | 7,327 | |
United Mexican States 3.75% 4/19/2071 | | | 465 | | | | 311 | |
| | | | | | | 862,101 | |
| | | | | | | | |
Municipals 0.52% | | | | | | | | |
California 0.00% | | | | | | | | |
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-B, 2.746% 6/1/2034 | | | 2,685 | | | | 2,190 | |
| | | | | | | | |
Connecticut 0.00% | | | | | | | | |
Housing Fin. Auth., Housing Mortgage Fin. Program Rev. Ref. Bonds, Series 2015-C-1, 3.50% 11/15/2045 | | | 745 | | | | 740 | |
| | | | | | | | |
Illinois 0.37% | | | | | | | | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-C, 6.319% 11/1/2029 | | | 14,400 | | | | 14,387 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2009-E, 6.138% 12/1/2039 | | | 57,980 | | | | 54,849 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-D, 6.519% 12/1/2040 | | | 5,770 | | | | 5,500 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Qualified School Construction Bonds), Series 2009-G, 1.75% 12/15/2025 | | | 13,760 | | | | 12,282 | |
G.O. Bonds, Series 2020-A, 3.14% 10/1/2024 | | | 1,520 | | | | 1,471 | |
G.O. Bonds, Series 2020-A, 3.24% 10/1/2025 | | | 2,245 | | | | 2,135 | |
G.O. Bonds, Series 2013-B, 4.91% 4/1/2027 | | | 3,250 | | | | 3,205 | |
G.O. Bonds, Series 2019-A, 5.70% 4/1/2031 | | | 7,530 | | | | 7,586 | |
G.O. Bonds, Pension Funding, Series 2003, 5.10% 6/1/2033 | | | 161,540 | | | | 158,913 | |
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 6.05% 3/1/2024 | | | 1,905 | | | | 1,905 | |
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 6.15% 3/1/2025 | | | 6,205 | | | | 6,235 | |
G.O. Bonds, Taxable Build America Bonds, Series 2010-1, 6.63% 2/1/2035 | | | 5,285 | | | | 5,520 | |
Housing Dev. Auth., Multi Family Housing Rev. Bonds (Marshall Field Garden Apartment Homes), Series 2015, (SIFMA Municipal Swap Index + 1.00%) 5.01% 5/15/2050 (put 5/15/2025)3 | | | 6,275 | | | | 6,286 | |
Housing Dev. Auth., Rev. Bonds, Series 2016-A, 4.00% 4/1/2046 | | | 415 | | | | 413 | |
| | | | | | | 280,687 | |
| | | | | | | | |
Iowa 0.00% | | | | | | | | |
Fin. Auth., Single Family Mortgage Bonds (Mortgage-Backed Securities Program), Series 2016-A, 4.00% 7/1/2046 | | | 345 | | | | 344 | |
| | | | | | | | |
Kentucky 0.00% | | | | | | | | |
Housing Corp., Housing Rev. Bonds, Series 2013-D, 3.50% 1/1/2033 | | | 435 | | | | 432 | |
| | | | | | | | |
Maine 0.00% | | | | | | | | |
Housing Auth., Mortgage Purchase Rev. Ref. Bonds, Series 2015-E-1, AMT, 3.50% 11/15/2035 | | | 1,020 | | | | 1,009 | |
| | | | | | | | |
Maryland 0.00% | | | | | | | | |
Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2014-B, AMT, 3.25% 9/1/2044 | | | 430 | | | | 428 | |
64 | The Bond Fund of America |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Municipals (continued) | | | | | | |
Massachusetts 0.00% | | | | | | |
Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 178, 3.50% 6/1/2042 | | USD | 205 | | | $ | 203 | |
| | | | | | | | |
Michigan 0.01% | | | | | | | | |
Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2016-B, 3.50% 6/1/2047 | | | 5,145 | | | | 5,072 | |
| | | | | | | | |
Minnesota 0.00% | | | | | | | | |
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2015-A, AMT, 4.00% 1/1/2041 | | | 110 | | | | 109 | |
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2014-C, AMT, 4.00% 1/1/2045 | | | 1,490 | | | | 1,481 | |
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2015-E, AMT, 3.50% 1/1/2046 | | | 860 | | | | 850 | |
| | | | | | | 2,440 | |
| | | | | | | | |
Missouri 0.00% | | | | | | | | |
Housing Dev. Commission, Single Family Mortgage Rev. Bonds (Special Homeownership Loan Program), Series 2015-A, 3.75% 5/1/2038 | | | 345 | | | | 342 | |
| | | | | | | | |
Nebraska 0.00% | | | | | | | | |
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2015-C, 3.50% 9/1/2045 | | | 225 | | | | 224 | |
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2016-A, 3.50% 9/1/2046 | | | 1,210 | | | | 1,196 | |
| | | | | | | 1,420 | |
| | | | | | | | |
New Jersey 0.01% | | | | | | | | |
Econ. Dev. Auth., State Pension Funding Bonds, Series 1997-A, National insured, 7.425% 2/15/2029 | | | 4,400 | | | | 4,731 | |
| | | | | | | | |
| | | | | | | | |
New York 0.04% | | | | | | | | |
Dormitory Auth., Taxable State Personal Income Tax Rev. Bonds (General Purpose), Series 2021-C, 2.202% 3/15/2034 | | | 39,115 | | | | 30,802 | |
Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 52, AMT, 3.50% 10/1/2030 | | | 495 | | | | 490 | |
| | | | | | | 31,292 | |
| | | | | | | | |
Ohio 0.03% | | | | | | | | |
Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project), Series 2021, 4.425% 5/1/2031 | | | 24,155 | | | | 20,717 | |
| | | | | | | | |
| | | | | | | | |
South Carolina 0.00% | | | | | | | | |
Housing Fin. and Dev. Auth., Mortgage Rev. Ref. Bonds, Series 2016-A, 4.00% 7/1/2036 | | | 325 | | | | 323 | |
Housing Fin. Auth., Mortgage Rev. Ref. Bonds, Series 2014, AMT, 4.00% 7/1/2041 | | | 865 | | | | 861 | |
| | | | | | | 1,184 | |
| | | | | | | | |
Tennessee 0.00% | | | | | | | | |
Housing Dev. Agcy., Homeownership Program Bonds, Series 2015-A, 3.50% 7/1/2045 | | | 460 | | | | 455 | |
Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2013-2-A, AMT, 4.00% 7/1/2043 | | | 50 | | | | 50 | |
Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2015-1-A, AMT, 4.00% 7/1/2045 | | | 770 | | | | 765 | |
Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2015-2-A, AMT, 4.00% 1/1/2046 | | | 1,120 | | | | 1,111 | |
| | | | | | | 2,381 | |
| | | | | | | | |
Texas 0.02% | | | | | | | | |
Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% 10/1/2052 | | | 8,155 | | | | 6,012 | |
SA Energy Acquisition Public Fac. Corp., Gas Supply Rev. Bonds, Series 2007, 5.50% 8/1/2023 | | | 6,000 | | | | 6,005 | |
| | | | | | | 12,017 | |
The Bond Fund of America | 65 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Municipals (continued) | | | | | | |
Utah 0.00% | | | | | | | | |
Housing Corp., Single Family Mortgage Bonds, Class III, Series 2015-D-2, 4.00% 1/1/2045 | | USD | 385 | | | $ | 383 | |
| | | | | | | | |
Wisconsin 0.04% | | | | | | | | |
Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2015-A, AMT, 4.00% 9/1/2045 | | | 440 | | | | 437 | |
Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2016-A, AMT, 3.50% 3/1/2046 | | | 775 | | | | 764 | |
Public Fin. Auth., Federal Lease Rev. Bonds (Fort Sam Acquisition Fncg.), Series 2022, 4.95% 3/1/2034 | | | 28,510 | | | | 26,754 | |
| | | | | | | 27,955 | |
| | | | | | | | |
Wyoming 0.00% | | | | | | | | |
Community Dev. Auth., Housing Rev. Bonds, Series 2015-6, 4.00% 6/1/2045 | | | 130 | | | | 130 | |
| | | | | | | | |
Total municipals | | | | | | | 396,097 | |
| | | | | | | | |
Federal agency bonds & notes 0.05% | | | | | | | | |
Fannie Mae 1.625% 1/7/2025 | | | 7 | | | | 7 | |
Fannie Mae 0.875% 8/5/2030 | | | 2,563 | | | | 2,061 | |
Federal Farm Credit Banks 1.60% 7/13/2033 | | | 1,957 | | | | 1,525 | |
Freddie Mac 0.375% 9/23/2025 | | | 9,449 | | | | 8,573 | |
Industrial Bank of Korea 0.625% 9/17/2024 | | | 1,000 | | | | 943 | |
Korea Electric Power Corp. 4.00% 6/14/2027 | | | 3,931 | | | | 3,800 | |
Korea Gas Corp. 3.875% 2/12/2024 | | | 12,000 | | | | 11,861 | |
Korea National Oil Corp. 2.125% 4/18/2027 | | | 2,069 | | | | 1,863 | |
Korea National Oil Corp. 2.625% 4/18/2032 | | | 3,000 | | | | 2,514 | |
Sinopec Group Overseas Development (2018), Ltd. 1.45% 1/8/20262 | | | 5,500 | | | | 4,986 | |
Tennessee Valley Authority 3.875% 3/15/2028 | | | 1,734 | | | | 1,707 | |
| | | | | | | 39,840 | |
| | | | | | | | |
Total bonds, notes & other debt instruments (cost: $77,194,872,000) | | | | | | | 73,062,959 | |
| | | | | | | | |
Common stocks 0.05% | | | Shares | | | | | |
Health care 0.05% | | | | | | | | |
Rotech Healthcare, Inc.5,8,14 | | | 342,069 | | | | 35,917 | |
| | | | | | | | |
Consumer discretionary 0.00% | | | | | | | | |
NMG Parent, LLC5,14 | | | 4,595 | | | | 551 | |
MYT Holding Co., Class B5,14 | | | 521,407 | | | | 522 | |
| | | | | | | 1,073 | |
| | | | | | | | |
Energy 0.00% | | | | | | | | |
Constellation Oil Services Holding SA, Class B-15,14 | | | 1,568,158 | | | | 173 | |
| | | | | | | | |
Total common stocks (cost: $16,909,000) | | | | | | | 37,163 | |
| | | | | | | | |
Preferred securities 0.01% | | | | | | | | |
Financials 0.01% | | | | | | | | |
CoBank, ACB, Class E, 6.422% noncumulative preferred shares2 | | | 6,250 | | | | 5,000 | |
| | | | | | | | |
Total preferred securities (cost: $5,820,000) | | | | | | | 5,000 | |
| | | | | | | | |
Rights & warrants 0.00% | | | | | | | | |
Consumer discretionary 0.00% | | | | | | | | |
NMG Parent, LLC, warrants, expire 9/24/20275,14 | | | 18,410 | | | | 250 | |
| | | | | | | | |
Total rights & warrants (cost: $111,000) | | | | | | | 250 | |
66 | The Bond Fund of America |
Short-term securities 12.15% | | Shares | | | Value (000) | |
Money market investments 12.15% | | | | | | |
Capital Group Central Cash Fund 5.15%15,16 | | | 92,044,619 | | | $ | 9,205,382 | |
| | | | | | | | |
Total short-term securities (cost: $9,202,869,000) | | | | | | | 9,205,382 | |
Total investment securities 108.66% (cost: $86,420,581,000) | | | | | | | 82,310,754 | |
Other assets less liabilities (8.66)% | | | | | | | (6,558,538 | ) |
| | | | | | | | |
Net assets 100.00% | | | | | | $ | 75,752,216 | |
Futures contracts
Contracts | | Type | | Number of contracts | | Expiration | | Notional amount (000) | | | Value and unrealized appreciation (depreciation) at 6/30/2023 (000) | |
30 Day Federal Funds Futures | | Long | | 1,143 | | July 2023 | | | USD451,974 | | | $ | 166 | |
30 Day Federal Funds Futures | | Short | | 861 | | August 2023 | | | (339,835 | ) | | | 132 | |
30 Day Federal Funds Futures | | Long | | 55 | | October 2023 | | | 21,695 | | | | (17 | ) |
30 Day Federal Funds Futures | | Short | | 55 | | November 2023 | | | (21,679 | ) | | | 37 | |
3 Month SOFR Futures | | Long | | 55,749 | | December 2023 | | | 13,184,639 | | | | (26,647 | ) |
3 Month SOFR Futures | | Short | | 36,271 | | March 2024 | | | (8,581,719 | ) | | | 3,051 | |
3 Month SOFR Futures | | Long | | 1,347 | | September 2024 | | | 320,721 | | | | (558 | ) |
2 Year U.S. Treasury Note Futures | | Long | | 43,066 | | September 2023 | | | 8,757,202 | | | | (77,748 | ) |
5 Year U.S. Treasury Note Futures | | Long | | 107,232 | | September 2023 | | | 11,483,877 | | | | (116,923 | ) |
10 Year Euro-Bund Futures | | Short | | 2,801 | | September 2023 | | | (408,770 | ) | | | 5,438 | |
10 Year Japanese Government Bond Futures | | Short | | 346 | | September 2023 | | | (356,203 | ) | | | (1,215 | ) |
10 Year U.S. Treasury Note Futures | | Long | | 59,935 | | September 2023 | | | 6,728,641 | | | | (93,580 | ) |
10 Year Ultra U.S. Treasury Note Futures | | Short | | 42,617 | | September 2023 | | | (5,047,451 | ) | | | 52,498 | |
20 Year U.S. Treasury Bond Futures | | Short | | 7,685 | | September 2023 | | | (975,275 | ) | | | (2,340 | ) |
30 Year Ultra U.S. Treasury Bond Futures | | Long | | 25,975 | | September 2023 | | | 3,538,282 | | | | 33,581 | |
| | | | | | | | | | | | $ | (224,125 | ) |
Forward currency contracts
Contract amount | | | | | | Unrealized appreciation (depreciation) | |
Currency purchased (000) | | Currency sold (000) | | Counterparty | | Settlement date | | at 6/30/2023 (000) | |
USD | | 30,263 | | MYR | | 138,319 | | BNP Paribas | | 7/7/2023 | | $ | 460 | |
EUR | | 23,875 | | USD | | 25,698 | | BNP Paribas | | 7/7/2023 | | | 363 | |
EUR | | 6,701 | | USD | | 7,263 | | Bank of New York Mellon | | 7/7/2023 | | | 52 | |
MYR | | 138,319 | | USD | | 30,103 | | HSBC Bank | | 7/7/2023 | | | (301 | ) |
USD | | 34,054 | | EUR | | 31,524 | | Citibank | | 7/7/2023 | | | (356 | ) |
MXN | | 1,102,820 | | USD | | 63,956 | | HSBC Bank | | 7/11/2023 | | | 330 | |
USD | | 12,008 | | IDR | | 178,503,000 | | JPMorgan Chase | | 7/11/2023 | | | 143 | |
IDR | | 178,503,000 | | USD | | 12,000 | | BNP Paribas | | 7/11/2023 | | | (135 | ) |
JPY | | 1,752,700 | | USD | | 12,653 | | Bank of America | | 7/11/2023 | | | (486 | ) |
USD | | 62,684 | | MXN | | 1,102,820 | | HSBC Bank | | 7/11/2023 | | | (1,602 | ) |
USD | | 272,625 | | KRW | | 348,000,000 | | JPMorgan Chase | | 7/17/2023 | | | 8,318 | |
USD | | 7,003 | | GBP | | 5,478 | | JPMorgan Chase | | 7/17/2023 | | | 45 | |
USD | | 1,739 | | AUD | | 2,566 | | Bank of New York Mellon | | 7/17/2023 | | | 29 | |
USD | | 7,546 | | GBP | | 5,995 | | Morgan Stanley | | 7/17/2023 | | | (68 | ) |
USD | | 429,269 | | EUR | | 395,035 | | Citibank | | 7/17/2023 | | | (2,178 | ) |
KRW | | 348,000,000 | | USD | | 273,908 | | HSBC Bank | | 7/17/2023 | | | (9,602 | ) |
USD | | 63,296 | | AUD | | 93,470 | | Bank of New York Mellon | | 7/21/2023 | | | 990 | |
USD | | 15,028 | | AUD | | 21,916 | | Standard Chartered Bank | | 7/21/2023 | | | 418 | |
USD | | 3,505 | | AUD | | 5,150 | | Bank of America | | 7/21/2023 | | | 72 | |
USD | | 8,367 | | EUR | | 7,650 | | Morgan Stanley | | 7/21/2023 | | | 10 | |
USD | | 6,815 | | MXN | | 116,925 | | Bank of America | | 7/25/2023 | | | 20 | |
USD | | 88,157 | | EUR | | 80,350 | | Bank of America | | 7/27/2023 | | | 352 | |
JPY | | 5,124,500 | | USD | | 35,750 | | HSBC Bank | | 7/27/2023 | | | (77 | ) |
The Bond Fund of America | 67 |
Forward currency contracts (continued)
Contract amount | | | | | | Unrealized appreciation (depreciation) | |
Currency purchased (000) | | Currency sold (000) | | Counterparty | | Settlement date | | at 6/30/2023 (000) | |
USD | | 6,803 | | KRW | | 8,958,500 | | JPMorgan Chase | | 8/11/2023 | | $ | (11 | ) |
KRW | | 8,958,500 | | USD | | 6,916 | | Citibank | | 8/11/2023 | | | (102 | ) |
USD | | 19,252 | | ILS | | 69,200 | | Citibank | | 8/28/2023 | | | 543 | |
ILS | | 65,624 | | USD | | 17,687 | | HSBC Bank | | 8/28/2023 | | | 55 | |
ILS | | 3,576 | | USD | | 959 | | HSBC Bank | | 8/28/2023 | | | 8 | |
| | | | | | | | | | | | $ | (2,710 | ) |
Swap contracts
Interest rate swaps
Centrally cleared interest rate swaps
Receive | | Pay | | | | Notional | | | Value at | | | Upfront premium | | | Unrealized (depreciation) appreciation | |
Rate | | Payment frequency | | Rate | | Payment frequency | | Expiration date | | amount (000) | | | 6/30/2023 (000) | | | paid (000) | | | at 6/30/2023 (000) | |
4.8585% | | Annual | | U.S. EFFR | | Annual | | 1/12/2024 | | USD456,892 | | | $ | (1,530 | ) | | $ | — | | | $ | (1,530 | ) |
4.8674% | | Annual | | U.S. EFFR | | Annual | | 1/12/2024 | | 669,408 | | | | (2,211 | ) | | | — | | | | (2,211 | ) |
4.8615% | | Annual | | U.S. EFFR | | Annual | | 1/12/2024 | | 913,700 | | | | (3,046 | ) | | | — | | | | (3,046 | ) |
3.497% | | Annual | | U.S. EFFR | | Annual | | 6/16/2024 | | 171,500 | | | | (3,002 | ) | | | — | | | | (3,002 | ) |
3.52647% | | Annual | | U.S. EFFR | | Annual | | 6/16/2024 | | 461,406 | | | | (7,950 | ) | | | — | | | | (7,950 | ) |
3.5291% | | Annual | | U.S. EFFR | | Annual | | 6/16/2024 | | 498,594 | | | | (8,579 | ) | | | — | | | | (8,579 | ) |
3.4585% | | Annual | | U.S. EFFR | | Annual | | 6/17/2024 | | 26,567 | | | | (474 | ) | | | — | | | | (474 | ) |
3.4325% | | Annual | | U.S. EFFR | | Annual | | 6/17/2024 | | 125,900 | | | | (2,277 | ) | | | — | | | | (2,277 | ) |
3.177% | | Annual | | SOFR | | Annual | | 2/28/2030 | | 49,100 | | | | (1,595 | ) | | | — | | | | (1,595 | ) |
SOFR | | Annual | | 3.2915% | | Annual | | 1/12/2033 | | 30,370 | | | | 699 | | | | — | | | | 699 | |
3.278% | | Annual | | SOFR | | Annual | | 3/16/2043 | | 26,359 | | | | (591 | ) | | | — | | | | (591 | ) |
SOFR | | Annual | | 3.41% | | Annual | | 7/28/2045 | | 319,700 | | | | (1,420 | ) | | | — | | | | (1,420 | ) |
SOFR | | Annual | | 3.044% | | Annual | | 3/16/2053 | | 19,472 | | | | 563 | | | | — | | | | 563 | |
| | | | | | | | | | | | | $ | (31,413 | ) | | $ | — | | | $ | (31,413 | ) |
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
Reference index | | Financing rate paid | | Payment frequency | | Expiration date | | Notional Amount (000) | | Value at 6/30/2023 (000) | | | Upfront premium received (000) | | | Unrealized depreciation at 6/30/2023 (000) | |
CDX.NA.IG.40 | | 1.00% | | Quarterly | | 6/20/2028 | | USD135,852 | | $ | (2,030 | ) | | $ | (1,678 | ) | | | $ | (352 | ) |
Centrally cleared credit default swaps on credit indices — sell protection
| | | | | | | | | | | | | | | | | |
Financing rate received | | Payment frequency | | Reference index | | Expiration date | | Notional amount (000) | 17 | Value at 6/30/2023 (000) | 18 | | Upfront premium paid (000) | | | Unrealized appreciation at 6/30/2023 (000) | |
5.00% | | Quarterly | | CDX.NA.HY.40 | | 6/20/2028 | | USD299,000 | | $ | 8,278 | | | $ | 5,816 | | | | $ | 2,462 | |
68 | The Bond Fund of America |
Investments in affiliates16
| | Value of affiliate at 1/1/2023 (000) | | Additions (000) | | Reductions (000) | | Net realized gain (000) | | Net unrealized appreciation (000) | | Value of affiliate at 6/30/2023 (000) | | Dividend income (000) |
Short-term securities 12.15% | | | | | | | | | | | | | | |
Money market investments 12.15% | | | | | | | | | | | | | | |
Capital Group Central Cash Fund 5.15%15 | | $9,990,291 | | $22,117,823 | | $22,905,230 | | $ 1,537 | | $ 961 | | $9,205,382 | | $ 313,915 |
Restricted securities8
| | Acquisition date | | Cost (000) | | | Value (000) | | | Percent of net assets | |
Rotech Healthcare, Inc.5,14 | | 9/26/2013 | | $ | 12,646 | | | $ | 35,917 | | | | | .05 | % |
Mission Lane Credit Card Master Trust, Series 2022-B, Class A1, 8.25% 1/15/20285,10 | | 12/6/2022 | | | 6,580 | | | | 6,563 | | | | | .01 | |
Mission Lane Credit Card Master Trust, Series 2022-B, Class A2, 8.73% 1/15/20285,10 | | 12/6/2022 | | | 1,050 | | | | 1,047 | | | | | .00 | 19 |
Ste Transcore Holdings, Inc. 3.375% 5/5/2027 | | 6/26/2023 | | | 2,872 | | | | 2,848 | | | | | .00 | 19 |
Total | | | | $ | 23,148 | | | $ | 46,375 | | | | | .06 | % |
1 | Step bond; coupon rate may change at a later date. |
2 | Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $9,840,913,000, which represented 12.99% of the net assets of the fund. |
3 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
4 | Scheduled interest and/or principal payment was not received. |
5 | Value determined using significant unobservable inputs. |
6 | Amount less than one thousand. |
7 | Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $9,456,000, which represented .01% of the net assets of the fund. |
8 | Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933. The total value of all such restricted securities was $46,375,000, which represented .06% of the net assets of the fund. |
9 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. |
10 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
11 | Purchased on a TBA basis. |
12 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $490,068,000, which represented .65% of the net assets of the fund. |
13 | Index-linked bond whose principal amount moves with a government price index. |
14 | Security did not produce income during the last 12 months. |
15 | Rate represents the seven-day yield at 6/30/2023. |
16 | Part of the same “group of investment companies” as the fund as defined under the Investment Company Act of 1940, as amended. |
17 | The maximum potential amount the fund may pay as a protection seller should a credit event occur. |
18 | The prices and resulting values for credit default swap indices serve as an indicator of the current status of the payment/performance risk. As the value of a sell protection credit default swap increases or decreases, when compared to the notional amount of the swap, the payment/performance risk may decrease or increase, respectively. |
19 | Amount less than .01%. |
The Bond Fund of America | 69 |
Key to abbreviations
Agcy. = Agency
AMT = Alternative Minimum Tax
Assn. = Association
AUD = Australian dollars
Auth. = Authority
BBSW = Bank Bill Swap Rate
CLO = Collateralized Loan Obligations
CME = CME Group
CMO = Collateralized Mortgage Obligations
DAC = Designated Activity Company
Dept. = Department
Dev. = Development
Econ. = Economic
EFFR = Effective Federal Funds Rate
EUR = Euros
Fac. = Facility
Fin. = Finance
Fncg. = Financing
G.O. = General Obligation
GBP = British pounds
ICE = Intercontinental Exchange, Inc.
IDR = Indonesian rupiah
ILS = Israeli shekels
JPY = Japanese yen
KRW = South Korean won
LIBOR = London Interbank Offered Rate
MXN = Mexican pesos
MYR = Malaysian ringgits
PIK = Payment In Kind
Ref. = Refunding
Rev. = Revenue
SIFMA = Securities Industry and Financial Markets Association
SOFR = Secured Overnight Financing Rate
TBA = To be announced
USD = U.S. dollars
Refer to the notes to financial statements.
70 | The Bond Fund of America |
Financial statements
Statement of assets and liabilities | unaudited |
at June 30, 2023 | (dollars in thousands) |
Assets: | | | | | | |
Investment securities, at value: | | | | | | | | |
Unaffiliated issuers (cost: $77,217,712) | | $ | 73,105,372 | | | | | |
Affiliated issuers (cost: $9,202,869) | | | 9,205,382 | | | $ | 82,310,754 | |
Cash | | | | | | | 21,439 | |
Unrealized appreciation on open forward currency contracts | | | | | | | 12,208 | |
Receivables for: | | | | | | | | |
Sales of investments | | | 10,980,859 | | | | | |
Sales of fund’s shares | | | 192,910 | | | | | |
Dividends and interest | | | 540,208 | | | | | |
Variation margin on futures contracts | | | 47,017 | | | | | |
Variation margin on centrally cleared swap contracts | | | 3,057 | | | | | |
Other | | | 1 | | | | 11,764,052 | |
| | | | | | | 94,108,453 | |
Liabilities: | | | | | | | | |
Unrealized depreciation on open forward currency contracts | | | | | | | 14,918 | |
Payables for: | | | | | | | | |
Purchases of investments | | | 17,994,014 | | | | | |
Repurchases of fund’s shares | | | 289,936 | | | | | |
Dividends on fund’s shares | | | 5,962 | | | | | |
Investment advisory services | | | 12,782 | | | | | |
Services provided by related parties | | | 10,388 | | | | | |
Trustees’ deferred compensation | | | 675 | | | | | |
Variation margin on futures contracts | | | 24,074 | | | | | |
Variation margin on centrally cleared swap contracts | | | 2,983 | | | | | |
Other | | | 505 | | | | 18,341,319 | |
Net assets at June 30, 2023 | | | | | | $ | 75,752,216 | |
| | | | | | | | |
Net assets consist of: | | | | | | | | |
Capital paid in on shares of beneficial interest | | | | | | $ | 87,407,385 | |
Total accumulated loss | | | | | | | (11,655,169 | ) |
Net assets at June 30, 2023 | | | | | | $ | 75,752,216 | |
Refer to the notes to financial statements.
The Bond Fund of America | 71 |
Financial statements (continued)
Statement of assets and liabilities | |
at June 30, 2023 (continued) | unaudited |
(dollars and shares in thousands, except per-share amounts)
Shares of beneficial interest issued and outstanding (no stated par value) —
unlimited shares authorized (6,681,606 total shares outstanding)
| | Net assets | | | Shares outstanding | | | Net asset value per share | |
Class A | | $ | 24,490,969 | | | | 2,160,187 | | | $ | 11.34 | |
Class C | | | 454,574 | | | | 40,095 | | | | 11.34 | |
Class T | | | 9 | | | | 1 | | | | 11.34 | |
Class F-1 | | | 819,173 | | | | 72,254 | | | | 11.34 | |
Class F-2 | | | 23,181,067 | | | | 2,044,651 | | | | 11.34 | |
Class F-3 | | | 8,744,647 | | | | 771,308 | | | | 11.34 | |
Class 529-A | | | 1,172,419 | | | | 103,411 | | | | 11.34 | |
Class 529-C | | | 42,838 | | | | 3,778 | | | | 11.34 | |
Class 529-E | | | 33,249 | | | | 2,933 | | | | 11.34 | |
Class 529-T | | | 11 | | | | 1 | | | | 11.34 | |
Class 529-F-1 | | | 9 | | | | 1 | | | | 11.34 | |
Class 529-F-2 | | | 157,370 | | | | 13,880 | | | | 11.34 | |
Class 529-F-3 | | | 9 | | | | 1 | | | | 11.34 | |
Class R-1 | | | 38,508 | | | | 3,396 | | | | 11.34 | |
Class R-2 | | | 317,580 | | | | 28,012 | | | | 11.34 | |
Class R-2E | | | 36,698 | | | | 3,237 | | | | 11.34 | |
Class R-3 | | | 517,946 | | | | 45,685 | | | | 11.34 | |
Class R-4 | | | 490,880 | | | | 43,297 | | | | 11.34 | |
Class R-5E | | | 167,971 | | | | 14,816 | | | | 11.34 | |
Class R-5 | | | 285,677 | | | | 25,198 | | | | 11.34 | |
Class R-6 | | | 14,800,612 | | | | 1,305,464 | | | | 11.34 | |
Refer to the notes to financial statements.
72 | The Bond Fund of America |
Financial statements (continued)
Statement of operations | unaudited |
for the six months ended June 30, 2023 | (dollars in thousands) |
Investment income: | | | | | | |
Income: | | | | | | | | |
Interest from unaffiliated issuers (net of non-U.S. taxes of $239) | | $ | 1,182,765 | | | | | |
Dividends (includes $313,915 from affiliates) | | | 314,088 | | | $ | 1,496,853 | |
Fees and expenses*: | | | | | | | | |
Investment advisory services | | | 72,294 | | | | | |
Distribution services | | | 38,839 | | | | | |
Transfer agent services | | | 30,513 | | | | | |
Administrative services | | | 11,199 | | | | | |
529 plan services | | | 418 | | | | | |
Reports to shareholders | | | 1,217 | | | | | |
Registration statement and prospectus | | | 1,409 | | | | | |
Trustees’ compensation | | | 98 | | | | | |
Auditing and legal | | | 30 | | | | | |
Custodian | | | 130 | | | | | |
Other | | | 72 | | | | 156,219 | |
Net investment income | | | | | | | 1,340,634 | |
| | | | | | | | |
Net realized loss and unrealized appreciation: | | | | | | | | |
Net realized (loss) gain on: | | | | | | | | |
Investments (net of non-U.S. taxes of $114): | | | | | | | | |
Unaffiliated issuers | | | (1,630,661 | ) | | | | |
Affiliated issuers | | | 1,537 | | | | | |
Futures contracts | | | (538,645 | ) | | | | |
Forward currency contracts | | | 14,463 | | | | | |
Swap contracts | | | 162,144 | | | | | |
Currency transactions | | | (1,080 | ) | | | (1,992,242 | ) |
Net unrealized appreciation (depreciation) on: | | | | | | | | |
Investments: | | | | | | | | |
Unaffiliated issuers | | | 1,994,730 | | | | | |
Affiliated issuers | | | 961 | | | | | |
Futures contracts | | | (173,557 | ) | | | | |
Forward currency contracts | | | (27,463 | ) | | | | |
Swap contracts | | | (195,851 | ) | | | | |
Currency translations | | | (66 | ) | | | 1,598,754 | |
Net realized loss and unrealized appreciation | | | | | | | (393,488 | ) |
| | | | | | | | |
Net increase in net assets resulting from operations | | | | | | $ | 947,146 | |
* | Additional information related to class-specific fees and expenses is included in the notes to financial statements. |
Refer to the notes to financial statements.
The Bond Fund of America | 73 |
Financial statements (continued)
Statements of changes in net assets | |
| (dollars in thousands) |
| | Six months ended June 30, 2023* | | | Year ended December 31, 2022 | |
Operations: | | | | | | | | |
Net investment income | | $ | 1,340,634 | | | $ | 1,976,697 | |
Net realized loss | | | (1,992,242 | ) | | | (5,079,909 | ) |
Net unrealized appreciation (depreciation) | | | 1,598,754 | | | | (6,961,755 | ) |
Net increase (decrease) in net assets resulting from operations | | | 947,146 | | | | (10,064,967 | ) |
| | | | | | | | |
Distributions paid or accrued to shareholders | | | (1,314,148 | ) | | | (2,071,532 | ) |
| | | | | | | | |
Net capital share transactions | | | 4,957,887 | | | | 3,731,382 | |
| | | | | | | | |
Total increase (decrease) in net assets | | | 4,590,885 | | | | (8,405,117 | ) |
| | | | | | | | |
Net assets: | | | | | | | | |
Beginning of period | | | 71,161,331 | | | | 79,566,448 | |
End of period | | $ | 75,752,216 | | | $ | 71,161,331 | |
Refer to the notes to financial statements.
74 | The Bond Fund of America |
Notes to financial statements | unaudited |
1. Organization
The Bond Fund of America (the “fund”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end, diversified management investment company. The fund seeks as high a level of current income as is consistent with the preservation of capital.
The fund has 21 share classes consisting of six retail share classes (Classes A, C, T, F-1, F-2 and F-3), seven 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-T, 529-F-1, 529-F-2 and 529-F-3) and eight retirement plan share classes (Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6). The 529 college savings plan share classes can be used to save for college education. The retirement plan share classes are generally offered only through eligible employer-sponsored retirement plans. The fund’s share classes are described further in the following table:
Share class | | Initial sales charge | | Contingent deferred sales charge upon redemption | | Conversion feature |
Classes A and 529-A | | Up to 3.75% for Class A; up to 3.50% for Class 529-A | | None (except 1.00% for certain redemptions within 18 months of purchase without an initial sales charge) | | None |
Classes C and 529-C | | None | | 1.00% for redemptions within one year of purchase | | Class C converts to Class A after eight years and Class 529-C converts to Class 529-A after five years |
Class 529-E | | None | | None | | None |
Classes T and 529-T* | | Up to 2.50% | | None | | None |
Classes F-1, F-2, F-3, 529-F-1, 529-F-2 and 529-F-3 | | None | | None | | None |
Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6 | | None | | None | | None |
* | Class T and 529-T shares are not available for purchase. |
Holders of all share classes have equal pro rata rights to the assets, dividends and liquidation proceeds of the fund. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses (“class-specific fees and expenses”), primarily due to different arrangements for distribution, transfer agent and administrative services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class.
2. Significant accounting policies
The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board. The fund’s financial statements have been prepared to comply with U.S. generally accepted accounting principles (“U.S. GAAP”). These principles require the fund’s investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.
Security transactions and related investment income — Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.
Class allocations — Income, fees and expenses (other than class-specific fees and expenses) are allocated daily among the various share classes based on the relative value of their settled shares. Realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, transfer agent and administrative services, are charged directly to the respective share class.
The Bond Fund of America | 75 |
Distributions paid or accrued to shareholders — Income dividends are declared daily after the determination of the fund’s net investment income and are paid to shareholders monthly. Capital gain distributions are recorded on the ex-dividend date. The fund may deem a portion of the income dividends and/or capital gain distributions as a return of capital for tax purposes.
Currency translation — Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. The effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments in the fund’s statement of operations. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.
3. Valuation
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by U.S. GAAP. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
Fixed-income class | | Examples of standard inputs |
All | | Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”) |
Corporate bonds, notes & loans; convertible securities | | Standard inputs and underlying equity of the issuer |
Bonds & notes of governments & government agencies | | Standard inputs and interest rate volatilities |
Mortgage-backed; asset-backed obligations | | Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information |
Municipal securities | | Standard inputs and, for certain distressed securities, cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts |
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds”), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information. Exchange-traded futures are generally valued at the official settlement price of the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, other reference data, and terms of the contract.
76 | The Bond Fund of America |
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund’s investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, contractual or legal restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure — The fund’s board of trustees has designated the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following tables present the fund’s valuation levels as of June 30, 2023 (dollars in thousands):
| | Investment securities | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Assets: | | | | | | | | | | | | | | | | |
Bonds, notes & other debt instruments: | | | | | | | | | | | | | | | | |
Corporate bonds, notes & loans | | $ | — | | | $ | 23,916,929 | | | | — | * | | $ | 23,916,929 | |
Mortgage-backed obligations | | | — | | | | 23,874,602 | | | | 9,370 | | | | 23,883,972 | |
U.S. Treasury bonds & notes | | | — | | | | 20,345,187 | | | | — | | | | 20,345,187 | |
Asset-backed obligations | | | — | | | | 3,561,453 | | | | 57,380 | | | | 3,618,833 | |
Bonds & notes of governments & government agencies outside the U.S. | | | — | | | | 862,101 | | | | — | | | | 862,101 | |
Municipals | | | — | | | | 396,097 | | | | — | | | | 396,097 | |
Federal agency bonds & notes | | | — | | | | 39,840 | | | | — | | | | 39,840 | |
Common stocks | | | — | | | | — | | | | 37,163 | | | | 37,163 | |
Preferred securities | | | — | | | | 5,000 | | | | — | | | | 5,000 | |
Rights & warrants | | | — | | | | — | | | | 250 | | | | 250 | |
Short-term securities | | | 9,205,382 | | | | — | | | | — | | | | 9,205,382 | |
Total | | $ | 9,205,382 | | | $ | 73,001,209 | | | $ | 104,163 | | | $ | 82,310,754 | |
Refer to the next page for footnotes.
The Bond Fund of America | 77 |
| | Other investments† | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Assets: | | | | | | | | | | | | | | | | |
Unrealized appreciation on futures contracts | | $ | 94,903 | | | $ | — | | | $ | — | | | $ | 94,903 | |
Unrealized appreciation on open forward currency contracts | | | — | | | | 12,208 | | | | — | | | | 12,208 | |
Unrealized appreciation on centrally cleared interest rate swaps | | | — | | | | 1,262 | | | | — | | | | 1,262 | |
Unrealized appreciation on centrally cleared credit default swaps | | | — | | | | 2,462 | | | | — | | | | 2,462 | |
Liabilities: | | | | | | | | | | | | | | | | |
Unrealized depreciation on futures contracts | | | (319,028 | ) | | | — | | | | — | | | | (319,028 | ) |
Unrealized depreciation on open forward currency contracts | | | — | | | | (14,918 | ) | | | — | | | | (14,918 | ) |
Unrealized depreciation on centrally cleared interest rate swaps | | | — | | | | (32,675 | ) | | | — | | | | (32,675 | ) |
Unrealized depreciation on centrally cleared credit default swaps | | | — | | | | (352 | ) | | | — | | | | (352 | ) |
Total | | $ | (224,125 | ) | | $ | (32,013 | ) | | $ | — | | | $ | (256,138 | ) |
| |
* | Amount less than one thousand. |
† | Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund’s investment portfolio. |
4. Risk factors
Investing in the fund may involve certain risks including, but not limited to, those described below.
Market conditions — The prices of, and the income generated by, the securities held by the fund may decline — sometimes rapidly or unpredictably — due to various factors, including events or conditions affecting the general economy or particular industries or companies; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; and currency exchange rate, interest rate and commodity price fluctuations.
Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease) and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund’s investments may be negatively affected by developments in other countries and regions.
Issuer risks — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer’s goods or services, poor management performance, major litigation, investigations or other controversies related to the issuer, changes in the issuer’s financial condition or credit rating, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives.
Investing in debt instruments — The prices of, and the income generated by, bonds and other debt securities held by the fund may be affected by factors such as the interest rates, maturities and credit quality of these securities.
Rising interest rates will generally cause the prices of bonds and other debt securities to fall. Also, when interest rates rise, issuers are less likely to refinance existing debt securities, causing the average life of such securities to extend. A general rise in interest rates may cause investors to sell debt securities on a large scale, which could also adversely affect the price and liquidity of debt securities and could also result in increased redemptions from the fund. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in the fund failing to recoup the full amount of its initial investment and having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities.
Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer or guarantor will weaken or be perceived to be weaker, and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Changes in actual or perceived creditworthiness may occur quickly. A downgrade or default affecting any of the fund’s securities could cause the value of the fund’s shares to decrease. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which the fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund’s investment adviser relies on its own credit analysts to research issuers and issues in assessing credit and default risks.
78 | The Bond Fund of America |
Investing in mortgage-related and other asset-backed securities — Mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, include debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as consumer loans or receivables. While such securities are subject to the risks associated with investments in debt instruments generally (for example, credit, extension and interest rate risks), they are also subject to other and different risks. Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt, potentially increasing the volatility of the securities and the fund’s net asset value. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in the fund having to reinvest the proceeds in lower yielding securities, effectively reducing the fund’s income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the fund’s cash available for reinvestment in higher yielding securities. Mortgage-backed securities are also subject to the risk that underlying borrowers will be unable to meet their obligations and the value of property that secures the mortgages may decline in value and be insufficient, upon foreclosure, to repay the associated loans. Investments in asset-backed securities are subject to similar risks.
Investing in securities backed by the U.S. government — Securities backed by the U.S. Treasury or the full faith and credit of the U.S. government are guaranteed only as to the timely payment of interest and principal when held to maturity. Accordingly, the current market values for these securities will fluctuate with changes in interest rates and the credit rating of the U.S. government. Securities issued by U.S. government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government are neither issued nor guaranteed by the U.S. government. U.S. government securities are subject to market risk, interest rate risk and credit risk.
Liquidity risk — Certain fund holdings may be or may become difficult or impossible to sell, particularly during times of market turmoil. Liquidity may be impacted by the lack of an active market for a holding, legal or contractual restrictions on resale, or the reduced number and capacity of market participants to make a market in such holding. Market prices for less liquid or illiquid holdings may be volatile or difficult to determine, and reduced liquidity may have an adverse impact on the market price of such holdings. Additionally, the sale of less liquid or illiquid holdings may involve substantial delays (including delays in settlement) and additional costs and the fund may be unable to sell such holdings when necessary to meet its liquidity needs, or to try to limit losses, or may be forced to sell at a loss.
Investing outside the U.S. — Securities of issuers domiciled outside the U.S., or with significant operations or revenues outside the U.S., may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers operate or generate revenue. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as nationalization, currency blockage or the imposition of price controls, sanctions, or punitive taxes, each of which could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the U.S. Investments outside the U.S. may also be subject to different regulatory, legal, accounting, auditing, financial reporting and recordkeeping requirements, and may be more difficult to value, than those in the U.S. In addition, the value of investments outside the U.S. may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund, which could impact the liquidity of the fund’s portfolio. The risks of investing outside the U.S. may be heightened in connection with investments in emerging markets.
Investing in future delivery contracts — The fund may enter into contracts, such as to-be-announced contracts and mortgage dollar rolls, that involve the fund selling mortgage-related securities and simultaneously contracting to repurchase similar securities for delivery at a future date at a predetermined price. This can increase the fund’s market exposure, and the market price of the securities that the fund contracts to repurchase could drop below their purchase price. While the fund can preserve and generate capital through the use of such contracts by, for example, realizing the difference between the sale price and the future purchase price, the income generated by the fund may be reduced by engaging in such transactions. In addition, these transactions increase the turnover rate of the fund.
Investing in inflation-linked bonds — The values of inflation-linked bonds generally fluctuate in response to changes in real interest rates —i.e., rates of interest after factoring in inflation. A rise in real interest rates may cause the prices of inflation-linked securities to fall, while a decline in real interest rates may cause the prices to increase. Inflation-linked bonds may experience greater losses than other debt securities with similar durations when real interest rates rise faster than nominal interest rates. There can be no assurance that the value of an inflation-linked security will be directly correlated to changes in interest rates; for example, if interest rates rise for reasons other than inflation, the increase may not be reflected in the security’s inflation measure.
Investing in inflation-linked bonds may also reduce the fund’s distributable income during periods of deflation. If prices for goods and services decline throughout the economy, the principal and income on inflation-linked securities may decline and result in losses to the fund.
The Bond Fund of America | 79 |
Investing in derivatives — The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds. Changes in the value of a derivative may not correlate perfectly with, and may be more sensitive to market events than, the underlying asset, rate or index, and a derivative instrument may cause the fund to lose significantly more than its initial investment. Derivatives may be difficult to value, difficult for the fund to buy or sell at an opportune time or price and difficult, or even impossible, to terminate or otherwise offset. The fund’s use of derivatives may result in losses to the fund, and investing in derivatives may reduce the fund’s returns and increase the fund’s price volatility. The fund’s counterparty to a derivative transaction (including, if applicable, the fund’s clearing broker, the derivatives exchange or the clearinghouse) may be unable or unwilling to honor its financial obligations in respect of the transaction. In certain cases, the fund may be hindered or delayed in exercising remedies against or closing out derivative instruments with a counterparty, which may result in additional losses. Derivatives are also subject to operational risk (such as documentation issues, settlement issues and systems failures) and legal risk (such as insufficient documentation, insufficient capacity or authority of a counterparty, and issues with the legality or enforceability of a contract).
Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.
5. Certain investment techniques
Index-linked bonds — The fund has invested in index-linked bonds, which are fixed-income securities whose principal value is periodically adjusted to a government price index. Over the life of an index-linked bond, interest is paid on the adjusted principal value. Increases or decreases in the principal value of index-linked bonds are recorded as interest income in the fund’s statement of operations.
Mortgage dollar rolls — The fund has entered into mortgage dollar roll transactions in which the fund sells a mortgage-backed security to a counterparty and simultaneously enters into an agreement with the same counterparty to buy back a similar security on a specific future date at a predetermined price. Mortgage dollar rolls are accounted for as purchase and sale transactions. Portfolio turnover rates excluding and including mortgage dollar rolls are presented at the end of the fund’s financial highlights table.
Loan transactions — The fund has entered into loan transactions in which the fund acquires a loan either through an agent, by assignment from another holder, or as a participation interest in another holder’s portion of a loan. The loan is often administered by a financial institution that acts as agent for the holders of the loan, and the fund may be required to receive approval from the agent and/or borrower prior to the sale of the investment. The loan’s interest rate and maturity date may change based on the terms of the loan, including potential early payments of principal.
Futures contracts — The fund has entered into futures contracts, which provide for the future sale by one party and purchase by another party of a specified amount of a specific financial instrument for a specified price, date, time and place designated at the time the contract is made. Futures contracts are used to strategically manage the fund’s interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio.
Upon entering into futures contracts, and to maintain the fund’s open positions in futures contracts, the fund is required to deposit with a futures broker, known as a futures commission merchant (“FCM”), in a segregated account in the name of the FCM an amount of cash, U.S. government securities or other liquid securities, known as initial margin. The margin required for a particular futures contract is set by the exchange on which the contract is traded to serve as collateral, and may be significantly modified from time to time by the exchange during the term of the contract.
On a daily basis, the fund pays or receives variation margin based on the increase or decrease in the value of the futures contracts and records variation margin on futures contracts in the statement of assets and liabilities. Futures contracts may involve a risk of loss in excess of the variation margin shown on the fund’s statement of assets and liabilities. The fund records realized gains or losses at the time the futures contract is closed or expires. Net realized gains or losses and net unrealized appreciation or depreciation from futures contracts are recorded in the fund’s statement of operations. The average month-end notional amount of futures contracts while held was $37,066,410,000.
Forward currency contracts — The fund has entered into forward currency contracts, which represent agreements to exchange currencies on specific future dates at predetermined rates. The fund’s investment adviser uses forward currency contracts to manage the fund’s exposure to changes in exchange rates. Upon entering into these contracts, risks may arise from the potential inability of counterparties to meet the terms of their contracts and from possible movements in exchange rates.
80 | The Bond Fund of America |
On a daily basis, the fund’s investment adviser values forward currency contracts and records unrealized appreciation or depreciation for open forward currency contracts in the fund’s statement of assets and liabilities. Realized gains or losses are recorded at the time the forward currency contract is closed or offset by another contract with the same broker for the same settlement date and currency.
Closed forward currency contracts that have not reached their settlement date are included in the respective receivables or payables for closed forward currency contracts in the fund’s statement of assets and liabilities. Net realized gains or losses from closed forward currency contracts and net unrealized appreciation or depreciation from open forward currency contracts are recorded in the fund’s statement of operations. The average month-end notional amount of open forward currency contracts while held was $631,624,000.
Swap contracts — The fund has entered into swap agreements, which are two-party contracts entered into primarily by institutional investors for a specified time period. In a typical swap transaction, two parties agree to exchange the returns earned or realized from one or more underlying assets or rates of return. Swap agreements can be traded on a swap execution facility (SEF) and cleared through a central clearinghouse (cleared), traded over-the-counter (OTC) and cleared, or traded bilaterally and not cleared. Because clearing interposes a central clearinghouse as the ultimate counterparty to each participant’s swap, and margin is required to be exchanged under the rules of the clearinghouse, central clearing is intended to decrease (but not eliminate) counterparty risk relative to uncleared bilateral swaps. To the extent the fund enters into bilaterally negotiated swap transactions, the fund will enter into swap agreements only with counterparties that meet certain credit standards and subject to agreed collateralized procedures. The term of a swap can be days, months or years and certain swaps may be less liquid than others.
Upon entering into a centrally cleared swap contract, the fund is required to deposit cash, U.S. government securities or other liquid securities, which is known as initial margin. Generally, the initial margin required for a particular swap is set and held as collateral by the clearinghouse on which the contract is cleared. The amount of initial margin required may be significantly modified from time to time by the clearinghouse during the term of the contract.
On a daily basis, interest accruals related to the exchange of future payments are recorded as a receivable and payable in the fund’s statement of assets and liabilities for centrally cleared swaps and as unrealized appreciation or depreciation in the fund’s statement of assets and liabilities for bilateral swaps. For centrally cleared swaps, the fund also pays or receives a variation margin based on the increase or decrease in the value of the swaps, including accrued interest as applicable, and records variation margin in the statement of assets and liabilities. The fund records realized gains and losses on both the net accrued interest and any gain or loss recognized at the time the swap is closed or expires. Net realized gains or losses, as well as any net unrealized appreciation or depreciation, from swaps are recorded in the fund’s statement of operations.
Swap agreements can take different forms. The fund has entered into the following types of swap agreements:
Interest rate swaps — The fund has entered into interest rate swaps, which seek to manage the interest rate sensitivity of the fund by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio. An interest rate swap is an agreement between two parties to exchange or swap payments based on changes in an interest rate or rates. Typically, one interest rate is fixed and the other is variable based on a designated short-term interest rate such as the Secured Overnight Financing Rate (SOFR), prime rate or other benchmark, or on an inflation index such as the U.S. Consumer Price Index (which is a measure that examines the weighted average of prices of a basket of consumer goods and services and measures changes in the purchasing power of the U.S. dollar and the rate of inflation). In other types of interest rate swaps, known as basis swaps, the parties agree to swap variable interest rates based on different designated short-term interest rates. Interest rate swaps generally do not involve the delivery of securities or other principal amounts. Rather, cash payments are exchanged by the parties based on the application of the designated interest rates to a notional amount, which is the predetermined dollar principal of the trade upon which payment obligations are computed. Accordingly, the fund’s current obligation or right under the swap agreement is generally equal to the net amount to be paid or received under the swap agreement based on the relative value of the position held by each party. The average month-end notional amount of interest rate swaps while held was $3,491,884,000.
Credit default swap indices — The fund has entered into centrally cleared credit default swap indices, including CDX and iTraxx indices (collectively referred to as “CDSI”), in order to assume exposure to a diversified portfolio of credits or to hedge against existing credit risks. A CDSI is based on a portfolio of credit default swaps with similar characteristics, such as credit default swaps on high-yield bonds. In a typical CDSI transaction, one party (the protection buyer) is obligated to pay the other party (the protection seller) a stream of periodic payments over the term of the contract. If a credit event, such as a default or restructuring, occurs with respect to any of the underlying reference obligations, the protection seller must pay the protection buyer the loss on those credits.
The fund may enter into a CDSI transaction as either protection buyer or protection seller. If the fund is a protection buyer, it would pay the counterparty a periodic stream of payments over the term of the contract and would not recover any of those payments if no credit events were to occur with respect to any of the underlying reference obligations. However, if a credit event did occur, the fund,
The Bond Fund of America | 81 |
as a protection buyer, would have the right to deliver the referenced debt obligations or a specified amount of cash, depending on the terms of the applicable agreement, and to receive the par value of such debt obligations from the counterparty protection seller. As a protection seller, the fund would receive fixed payments throughout the term of the contract if no credit events were to occur with respect to any of the underlying reference obligations. If a credit event were to occur, however, the value of any deliverable obligation received by the fund, coupled with the periodic payments previously received by the fund, may be less than the full notional value that the fund, as a protection seller, pays to the counterparty protection buyer, effectively resulting in a loss of value to the fund. Furthermore, as a protection seller, the fund would effectively add leverage to its portfolio because it would have investment exposure to the notional amount of the swap transaction. The average month-end notional amount of credit default swaps while held was $804,631,000.
The following tables identify the location and fair value amounts on the fund’s statement of assets and liabilities and the effect on the fund’s statement of operations resulting from the fund’s use of futures contracts, forward currency contracts, interest rate swaps and credit default swaps as of, or for the six months ended, June 30, 2023 (dollars in thousands):
| | | | Assets | | | Liabilities | |
Contracts | | Risk type | | Location on statement of assets and liabilities | | Value | | | Location on statement of assets and liabilities | | Value | |
Futures | | Interest | | Unrealized appreciation* | | $ | 94,903 | | | Unrealized depreciation* | | $ | 319,028 | |
Forward currency | | Currency | | Unrealized appreciation on open forward currency contracts | | | 12,208 | | | Unrealized depreciation on open forward currency contracts | | | 14,918 | |
Swap (centrally cleared) | | Interest | | Unrealized appreciation* | | | 1,262 | | | Unrealized depreciation* | | | 32,675 | |
Swap (centrally cleared) | | Credit | | Unrealized appreciation* | | | 2,462 | | | Unrealized depreciation* | | | 352 | |
| | | | | | $ | 110,835 | | | | | $ | 366,973 | |
| | | | | | | | | | | | |
| | | | Net realized (loss) gain | | | Net unrealized (depreciation) appreciation | |
Contracts | | Risk type | | Location on statement of operations | | Value | | | Location on statement of operations | | Value | |
Futures | | Interest | | Net realized loss on futures contracts | | $ | (538,645 | ) | | Net unrealized depreciation on futures contracts | | $ | (173,557 | ) |
Forward currency | | Currency | | Net realized gain on forward currency contracts | | | 14,463 | | | Net unrealized depreciation on forward currency contracts | | | (27,463 | ) |
Swap | | Interest | | Net realized gain on swap contracts | | | 201,562 | | | Net unrealized depreciation on swap contracts | | | (207,347 | ) |
Swap | | Credit | | Net realized loss on swap contracts | | | (39,418 | ) | | Net unrealized appreciation on swap contracts | | | 11,496 | |
| | | | | | $ | (362,038 | ) | | | | $ | (396,871 | ) |
| |
* | Includes cumulative appreciation/depreciation on futures contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps as reported in the applicable tables following the fund’s investment portfolio. Only current day’s variation margin is reported within the fund’s statement of assets and liabilities. |
Collateral — The fund receives or pledges highly liquid assets, such as cash or U.S. government securities, as collateral due to its use of futures contracts, forward currency contracts, interest rate swaps, credit default swaps and future delivery contracts. For futures contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps, the fund pledges collateral for initial and variation margin by contract. For forward currency contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by counterparty. For future delivery contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by certain counterparties. The purpose of the collateral is to cover potential losses that could occur in the event that either party cannot meet its contractual obligation. Non-cash collateral pledged by the fund, if any, is disclosed in the fund’s investment portfolio, and cash collateral pledged by the fund, if any, is held in a segregated account with the fund’s custodian, which is reflected as pledged cash collateral in the fund’s statement of assets and liabilities.
82 | The Bond Fund of America |
Rights of offset — The fund has entered into enforceable master netting agreements with certain counterparties for forward currency contracts, where on any date amounts payable by each party to the other (in the same currency with respect to the same transaction) may be closed or offset by each party’s payment obligation. If an early termination date occurs under these agreements following an event of default or termination event, all obligations of each party to its counterparty are settled net through a single payment in a single currency (“close-out netting”). For financial reporting purposes, the fund does not offset financial assets and financial liabilities that are subject to these master netting arrangements in the statement of assets and liabilities.
The following table presents the fund’s forward currency contracts by counterparty that are subject to master netting agreements but that are not offset in the fund’s statement of assets and liabilities. The net amount column shows the impact of offsetting on the fund’s statement of assets and liabilities as of June 30, 2023, if close-out netting was exercised (dollars in thousands):
| | Gross amounts recognized in the | | | Gross amounts not offset in the statement of assets and liabilities and subject to a master netting agreement | | | | |
Counterparty | | statement of assets and liabilities | | | Available to offset | | | Non-cash collateral* | | | Cash collateral* | | | Net amount | |
Assets: | | | | | | | | | | | | | | | | | | | | | |
Bank of America | | | $ | 444 | | | $ | (444 | ) | | $ | — | | | $ | — | | | $ | — | |
Bank of New York Mellon | | | | 1,071 | | | | — | | | | (1,071 | ) | | | — | | | | — | |
BNP Paribas | | | | 823 | | | | (135 | ) | | | — | | | | — | | | | 688 | |
Citibank | | | | 543 | | | | (543 | ) | | | — | | | | — | | | | — | |
HSBC Bank | | | | 393 | | | | (393 | ) | | | — | | | | — | | | | — | |
JPMorgan Chase | | | | 8,506 | | | | (11 | ) | | | — | | | | — | | | | 8,495 | |
Morgan Stanley | | | | 10 | | | | (10 | ) | | | — | | | | — | | | | — | |
Standard Chartered Bank | | | | 418 | | | | — | | | | — | | | | — | | | | 418 | |
Total | | | $ | 12,208 | | | $ | (1,536 | ) | | $ | (1,071 | ) | | $ | — | | | $ | 9,601 | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | |
Bank of America | | | $ | 486 | | | $ | (444 | ) | | $ | (9 | ) | | $ | — | | | $ | 33 | |
BNP Paribas | | | | 135 | | | | (135 | ) | | | — | | | | — | | | | — | |
Citibank | | | | 2,636 | | | | (543 | ) | | | (1,074 | ) | | | — | | | | 1,019 | |
HSBC Bank | | | | 11,582 | | | | (393 | ) | | | (11,189 | ) | | | — | | | | — | |
JPMorgan Chase | | | | 11 | | | | (11 | ) | | | — | | | | — | | | | — | |
Morgan Stanley | | | | 68 | | | | (10 | ) | | | (32 | ) | | | — | | | | 26 | |
Total | | | $ | 14,918 | | | $ | (1,536 | ) | | $ | (12,304 | ) | | $ | — | | | $ | 1,078 | |
* | Collateral is shown on a settlement basis. |
6. Taxation and distributions
Federal income taxation — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.
As of and during the period ended June 30, 2023, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the period, the fund did not incur any significant interest or penalties.
The fund’s tax returns are generally not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction’s statute of limitations, which is typically three years after the date of filing but can be extended in certain jurisdictions.
Non-U.S. taxation — Dividend and interest income are recorded net of non-U.S. taxes paid. The fund may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability. Gains realized by the fund on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. The fund generally records an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.
The Bond Fund of America | 83 |
Distributions — Distributions determined on a tax basis may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as currency gains and losses; short-term capital gains and losses; cost of investments sold; net capital losses and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes.
The components of distributable earnings on a tax basis are reported as of the fund’s most recent year-end. As of December 31, 2022, the components of distributable earnings on a tax basis were as follows (dollars in thousands):
Undistributed ordinary income | | $ | 173,846 | |
Late year ordinary loss deferral1 | | | (7,242 | ) |
Capital loss carryforward2 | | | (5,473,938 | ) |
| |
1 | This deferral is considered incurred in the subsequent year. |
2 | The capital loss carryforward will be used to offset any capital gains realized by the fund in the current year or in subsequent years. Utilization of capital losses may be limited in current and future years due to IRC Section 382. The fund will not make distributions from capital gains while a capital loss carryforward remains. |
As of June 30, 2023, the tax basis unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):
Gross unrealized appreciation on investments | | $ | 251,691 | |
Gross unrealized depreciation on investments | | | (4,680,267 | ) |
Net unrealized depreciation on investments | | | (4,428,576 | ) |
Cost of investments | | | 86,479,054 | |
Distributions paid or accrued were characterized for tax purposes as follows (dollars in thousands):
| | Six months ended June 30, 2023 | | | Year ended December 31, 2022 | |
Share class | | Ordinary income3 | | | Long-term capital gains | | | Total distributions paid or accrued | | | Ordinary income | | | Long-term capital gains | | | Total distributions paid or accrued | |
Class A | | $ | 404,964 | | | $ | — | | | $ | 404,964 | | | $ | 672,348 | | | $ | 32,609 | | | $ | 704,957 | |
Class C | | | 6,074 | | | | — | | | | 6,074 | | | | 10,275 | | | | 705 | | | | 10,980 | |
Class T | | | — | 4 | | | — | | | | — | 4 | | | — | 4 | | | — | 4 | | | — | 4 |
Class F-1 | | | 13,339 | | | | — | | | | 13,339 | | | | 21,766 | | | | 1,065 | | | | 22,831 | |
Class F-2 | | | 391,900 | | | | — | | | | 391,900 | | | | 543,800 | | | | 23,306 | | | | 567,106 | |
Class F-3 | | | 156,499 | | | | — | | | | 156,499 | | | | 217,380 | | | | 8,833 | | | | 226,213 | |
Class 529-A | | | 19,061 | | | | — | | | | 19,061 | | | | 32,109 | | | | 1,605 | | | | 33,714 | |
Class 529-C | | | 546 | | | | — | | | | 546 | | | | 951 | | | | 69 | | | | 1,020 | |
Class 529-E | | | 523 | | | | — | | | | 523 | | | | 906 | | | | 49 | | | | 955 | |
Class 529-T | | | — | 4 | | | — | | | | — | 4 | | | — | 4 | | | — | 4 | | | — | 4 |
Class 529-F-1 | | | — | 4 | | | — | | | | — | 4 | | | — | 4 | | | — | 4 | | | — | 4 |
Class 529-F-2 | | | 2,745 | | | | — | | | | 2,745 | | | | 4,426 | | | | 198 | | | | 4,624 | |
Class 529-F-3 | | | — | 4 | | | — | | | | — | 4 | | | — | 4 | | | — | 4 | | | — | 4 |
Class R-1 | | | 487 | | | | — | | | | 487 | | | | 701 | | | | 47 | | | | 748 | |
Class R-2 | | | 4,151 | | | | — | | | | 4,151 | | | | 6,235 | | | | 428 | | | | 6,663 | |
Class R-2E | | | 517 | | | | — | | | | 517 | | | | 795 | | | | 47 | | | | 842 | |
Class R-3 | | | 7,914 | | | | — | | | | 7,914 | | | | 12,926 | | | | 711 | | | | 13,637 | |
Class R-4 | | | 8,222 | | | | — | | | | 8,222 | | | | 13,148 | | | | 632 | | | | 13,780 | |
Class R-5E | | | 2,933 | | | | — | | | | 2,933 | | | | 4,159 | | | | 188 | | | | 4,347 | |
Class R-5 | | | 5,180 | | | | — | | | | 5,180 | | | | 8,984 | | | | 395 | | | | 9,379 | |
Class R-6 | | | 289,093 | | | | — | | | | 289,093 | | | | 431,640 | | | | 18,096 | | | | 449,736 | |
Total | | $ | 1,314,148 | | | $ | — | | | $ | 1,314,148 | | | $ | 1,982,549 | | | $ | 88,983 | | | $ | 2,071,532 | |
| |
3 | All or a portion of these amounts may later be determined as return of capital; the determination will be made at December 31, 2023. |
4 | Amount less than one thousand. |
| |
84 | The Bond Fund of America |
7. Fees and transactions with related parties
CRMC, the fund’s investment adviser, is the parent company of American Funds Distributors®, Inc. (“AFD”), the principal underwriter of the fund’s shares, and American Funds Service Company® (“AFS”), the fund’s transfer agent. CRMC, AFD and AFS are considered related parties to the fund.
Investment advisory services — The fund has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. These fees are based on a series of decreasing annual rates beginning with 0.300% on the first $60 million of daily net assets and decreasing to 0.105% on such assets in excess of $76 billion. The agreement also provides for monthly fees, accrued daily, based on a series of decreasing rates beginning with 2.25% on the first $8,333,333 of the fund’s monthly gross income and decreasing to 1.75% on such income in excess of $41,666,667. For the six months ended June 30, 2023, the investment advisory services fees were $72,294,000, which were equivalent to an annualized rate of 0.194% of average daily net assets.
Class-specific fees and expenses — Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:
Distribution services — The fund has plans of distribution for all share classes, except Class F-2, F-3, 529-F-2, 529-F-3, R-5E, R-5 and R-6 shares. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.25% to 1.00% as noted in this section. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate AFD for paying service fees, to firms that have entered into agreements with AFD to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.
Share class | | Currently approved limits | | Plan limits | |
Class A | | | 0.25 | % | | | 0.25 | % | |
Class 529-A | | | 0.25 | | | | 0.50 | | |
Classes C, 529-C and R-1 | | | 1.00 | | | | 1.00 | | |
Class R-2 | | | 0.75 | | | | 1.00 | | |
Class R-2E | | | 0.60 | | | | 0.85 | | |
Classes 529-E and R-3 | | | 0.50 | | | | 0.75 | | |
Classes T, F-1, 529-T, 529-F-1 and R-4 | | | 0.25 | | | | 0.50 | | |
For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by AFD for certain shares sold without a sales charge. These share classes reimburse AFD for amounts billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of June 30, 2023, unreimbursed expenses subject to reimbursement totaled $5,637,000 for Class A shares. There were no unreimbursed expenses subject to reimbursement for Class 529-A shares.
Transfer agent services — The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to each of the fund’s share classes. These services include recordkeeping, shareholder communications and transaction processing. In addition, the fund reimburses AFS for amounts paid to third parties for performing transfer agent services on behalf of fund shareholders.
Administrative services — The fund has an administrative services agreement with CRMC under which the fund compensates CRMC for providing administrative services to all share classes. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on the fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides the fund the ability to charge an administrative services fee at the annual rate of 0.05% of the average daily net assets attributable to each share class of the fund. Currently the fund pays CRMC an administrative services fee at the annual rate of 0.03% of the average daily net assets attributable to each share class of the fund for CRMC’s provision of administrative services.
529 plan services — Each 529 share class is subject to service fees to compensate the Virginia College Savings Plan (“Virginia529”) for its oversight and administration of the CollegeAmerica 529 college savings plan. The fees are based on the combined net assets invested in Class 529 and ABLE shares of the American Funds. Class ABLE shares are offered on other American Funds by
The Bond Fund of America | 85 |
Virginia529 through ABLEAmerica®, a tax-advantaged savings program for individuals with disabilities. Virginia529 is not considered a related party to the fund.
The quarterly fees are based on a series of decreasing annual rates beginning with 0.09% on the first $20 billion of the combined net assets invested in the American Funds and decreasing to 0.03% on such assets in excess of $75 billion. The fees for any given calendar quarter are accrued and calculated on the basis of the average net assets of Class 529 and ABLE shares of the American Funds for the last month of the prior calendar quarter. For the six months ended June 30, 2023, the 529 plan services fees were $418,000, which were equivalent to 0.060% of the average daily net assets of each 529 share class.
For the six months ended June 30, 2023, class-specific expenses under the agreements were as follows (dollars in thousands):
Share class | | Distribution services | | | Transfer agent services | | | Administrative services | | | 529 plan services | |
Class A | | | $30,474 | | | | $15,675 | | | | $3,657 | | | Not applicable | |
Class C | | | 2,333 | | | | 303 | | | | 71 | | | Not applicable | |
Class T | | | — | | | | — | * | | | — | * | | Not applicable | |
Class F-1 | | | 985 | | | | 639 | | | | 121 | | | Not applicable | |
Class F-2 | | | Not applicable | | | | 11,600 | | | | 3,259 | | | Not applicable | |
Class F-3 | | | Not applicable | | | | 50 | | | | 1,266 | | | Not applicable | |
Class 529-A | | | 1,351 | | | | 703 | | | | 174 | | | $349 | |
Class 529-C | | | 217 | | | | 27 | | | | 6 | | | 13 | |
Class 529-E | | | 85 | | | | 8 | | | | 5 | | | 10 | |
Class 529-T | | | — | | | | — | * | | | — | * | | — | * |
Class 529-F-1 | | | — | | | | — | * | | | — | * | | — | * |
Class 529-F-2 | | | Not applicable | | | | 7 | | | | 23 | | | 46 | |
Class 529-F-3 | | | Not applicable | | | | — | * | | | — | * | | — | * |
Class R-1 | | | 186 | | | | 18 | | | | 6 | | | Not applicable | |
Class R-2 | | | 1,193 | | | | 541 | | | | 48 | | | Not applicable | |
Class R-2E | | | 107 | | | | 36 | | | | 5 | | | Not applicable | |
Class R-3 | | | 1,296 | | | | 383 | | | | 78 | | | Not applicable | |
Class R-4 | | | 612 | | | | 237 | | | | 73 | | | Not applicable | |
Class R-5E | | | Not applicable | | | | 120 | | | | 25 | | | Not applicable | |
Class R-5 | | | Not applicable | | | | 73 | | | | 43 | | | Not applicable | |
Class R-6 | | | Not applicable | | | | 93 | | | | 2,339 | | | Not applicable | |
Total class-specific expenses | | | $38,839 | | | | $30,513 | | | | $11,199 | | | $418 | |
| |
* | Amount less than one thousand. |
Trustees’ deferred compensation — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees’ compensation of $98,000 in the fund’s statement of operations reflects $84,000 in current fees (either paid in cash or deferred) and a net increase of $14,000 in the value of the deferred amounts.
Affiliated officers and trustees — Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, AFD and AFS. No affiliated officers or trustees received any compensation directly from the fund.
Investment in CCF — The fund holds shares of CCF, an institutional prime money market fund managed by CRMC. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for the fund’s short-term instruments. CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from CCF.
Security transactions with related funds — The fund may purchase investment securities from, or sell investment securities to, other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund’s board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. When such transactions occur, each transaction is executed at the current market price of the security and no brokerage commissions or fees are paid in accordance with Rule 17a-7 of the 1940 Act. During the six months ended June 30, 2023, the fund did not engage in any such purchase or sale transactions with any related funds.
86 | The Bond Fund of America |
Interfund lending — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the six months ended June 30, 2023.
8. Indemnifications
The fund’s organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund’s maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote. Insurance policies are also available to the fund’s board members and officers.
9. Capital share transactions
Capital share transactions in the fund were as follows (dollars and shares in thousands):
| | Sales* | | | Issued in connection with the merger of Capital Group Core Bond Fund | | Reinvestments of distributions | | | Repurchases* | | | Net increase (decrease) | |
Share class | | Amount | | | Shares | | | Amount | | Shares | | Amount | | | Shares | | | Amount | | | Shares | | | Amount | | | Shares | |
| | | | | | | | | | | | | | | | | | | | | | |
Six months ended June 30, 2023 | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Class A | | $ | 1,824,320 | | | | 158,190 | | | | | | | $ | 399,985 | | | | 34,738 | | | $ | (1,724,493 | ) | | | (149,642 | ) | | $ | 499,812 | | | | 43,286 | |
Class C | | | 43,637 | | | | 3,783 | | | | | | | | 5,981 | | | | 519 | | | | (80,593 | ) | | | (6,985 | ) | | | (30,975 | ) | | | (2,683 | ) |
Class T | | | — | | | | — | | | | | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Class F-1 | | | 100,025 | | | | 8,668 | | | | | | | | 12,953 | | | | 1,125 | | | | (85,991 | ) | | | (7,473 | ) | | | 26,987 | | | | 2,320 | |
Class F-2 | | | 5,802,117 | | | | 503,549 | | | | | | | | 380,748 | | | | 33,076 | | | | (2,851,574 | ) | | | (248,058 | ) | | | 3,331,291 | | | | 288,567 | |
Class F-3 | | | 1,842,679 | | | | 159,562 | | | | | | | | 155,281 | | | | 13,489 | | | | (1,071,258 | ) | | | (93,053 | ) | | | 926,702 | | | | 79,998 | |
Class 529-A | | | 98,598 | | | | 8,556 | | | | | | | | 19,001 | | | | 1,650 | | | | (97,153 | ) | | | (8,421 | ) | | | 20,446 | | | | 1,785 | |
Class 529-C | | | 7,279 | | | | 631 | | | | | | | | 543 | | | | 47 | | | | (9,677 | ) | | | (839 | ) | | | (1,855 | ) | | | (161 | ) |
Class 529-E | | | 2,552 | | | | 222 | | | | | | | | 519 | | | | 45 | | | | (4,187 | ) | | | (363 | ) | | | (1,116 | ) | | | (96 | ) |
Class 529-T | | | — | | | | — | | | | | | | | — | † | | | — | † | | | — | | | | — | | | | — | † | | | — | † |
Class 529-F-1 | | | — | | | | — | | | | | | | | — | † | | | — | † | | | — | | | | — | | | | — | † | | | — | † |
Class 529-F-2 | | | 21,084 | | | | 1,832 | | | | | | | | 2,736 | | | | 237 | | | | (12,595 | ) | | | (1,091 | ) | | | 11,225 | | | | 978 | |
Class 529-F-3 | | | — | | | | — | | | | | | | | — | † | | | — | † | | | — | | | | — | | | | — | † | | | — | † |
Class R-1 | | | 4,032 | | | | 351 | | | | | | | | 486 | | | | 42 | | | | (2,551 | ) | | | (222 | ) | | | 1,967 | | | | 171 | |
Class R-2 | | | 37,316 | | | | 3,239 | | | | | | | | 4,122 | | | | 358 | | | | (41,439 | ) | | | (3,593 | ) | | | (1 | ) | | | 4 | |
Class R-2E | | | 5,807 | | | | 505 | | | | | | | | 516 | | | | 45 | | | | (3,833 | ) | | | (333 | ) | | | 2,490 | | | | 217 | |
Class R-3 | | | 67,712 | | | | 5,871 | | | | | | | | 7,849 | | | | 682 | | | | (73,795 | ) | | | (6,401 | ) | | | 1,766 | | | | 152 | |
Class R-4 | | | 78,522 | | | | 6,806 | | | | | | | | 8,133 | | | | 706 | | | | (69,771 | ) | | | (6,057 | ) | | | 16,884 | | | | 1,455 | |
Class R-5E | | | 32,761 | | | | 2,834 | | | | | | | | 2,927 | | | | 255 | | | | (16,756 | ) | | | (1,460 | ) | | | 18,932 | | | | 1,629 | |
Class R-5 | | | 25,562 | | | | 2,221 | | | | | | | | 5,157 | | | | 448 | | | | (27,013 | ) | | | (2,343 | ) | | | 3,706 | | | | 326 | |
Class R-6 | | | 1,935,777 | | | | 167,826 | | | | | | | | 287,818 | | | | 25,000 | | | | (2,093,969 | ) | | | (183,177 | ) | | | 129,626 | | | | 9,649 | |
Total net increase (decrease) | | $ | 11,929,780 | | | | 1,034,646 | | | | | | | $ | 1,294,755 | | | | 112,462 | | | $ | (8,266,648 | ) | | | (719,511 | ) | | $ | 4,957,887 | | | | 427,597 | |
Refer to the end of the table for footnotes.
The Bond Fund of America | 87 |
| | Sales* | | | Issued in connection with the merger of Capital Group Core Bond Fund | | | Reinvestments of distributions | | | Repurchases* | | | Net increase (decrease) | |
Share class | | Amount | | | Shares | | | Amount | | | Shares | | | Amount | | | Shares | | | Amount | | | Shares | | | Amount | | | Shares | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Year ended December 31, 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class A | | $ | 2,802,059 | | | | 232,234 | | | $ | — | | | | — | | | $ | 697,441 | | | | 58,445 | | | $ | (5,156,600 | ) | | | (430,054) | | | $ | (1,657,100) | | | | (139,375) | |
Class C | | | 82,137 | | | | 6,785 | | | | — | | | | — | | | | 10,896 | | | | 913 | | | | (223,685 | ) | | | (18,505 | ) | | | (130,652 | ) | | | (10,807 | ) |
Class T | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Class F-1 | | | 216,444 | | | | 18,247 | | | | — | | | | — | | | | 22,239 | | | | 1,864 | | | | (307,581 | ) | | | (25,703 | ) | | | (68,898 | ) | | | (5,592 | ) |
Class F-2 | | | 10,281,657 | | | | 859,458 | | | | — | | | | — | | | | 553,366 | | | | 46,464 | | | | (8,286,236 | ) | | | (689,855 | ) | | | 2,548,787 | | | | 216,067 | |
Class F-3 | | | 3,206,936 | | | | 266,296 | | | | 482,759 | | | | 41,769 | | | | 224,558 | | | | 18,863 | | | | (2,734,209 | ) | | | (228,377 | ) | | | 1,180,044 | | | | 98,551 | |
Class 529-A | | | 141,506 | | | | 11,670 | | | | — | | | | — | | | | 33,719 | | | | 2,824 | | | | (277,394 | ) | | | (22,939 | ) | | | (102,169 | ) | | | (8,445 | ) |
Class 529-C | | | 11,658 | | | | 963 | | | | — | | | | — | | | | 1,020 | | | | 86 | | | | (28,197 | ) | | | (2,329 | ) | | | (15,519 | ) | | | (1,280 | ) |
Class 529-E | | | 4,040 | | | | 332 | | | | — | | | | — | | | | 952 | | | | 80 | | | | (10,044 | ) | | | (832 | ) | | | (5,052 | ) | | | (420 | ) |
Class 529-T | | | — | | | | — | | | | — | | | | — | | | | — | † | | | — | † | | | — | | | | — | | | | — | † | | | — | † |
Class 529-F-1 | | | — | | | | — | | | | — | | | | — | | | | — | † | | | — | † | | | — | | | | — | | | | — | † | | | — | † |
Class 529-F-2 | | | 29,657 | | | | 2,451 | | | | — | | | | — | | | | 4,607 | | | | 386 | | | | (37,653 | ) | | | (3,121 | ) | | | (3,389 | ) | | | (284 | ) |
Class 529-F-3 | | | — | | | | — | | | | — | | | | — | | | | — | † | | | — | † | | | — | | | | — | | | | — | † | | | — | † |
Class R-1 | | | 9,092 | | | | 751 | | | | — | | | | — | | | | 747 | | | | 63 | | | | (8,541 | ) | | | (710 | ) | | | 1,298 | | | | 104 | |
Class R-2 | | | 68,487 | | | | 5,664 | | | | — | | | | — | | | | 6,621 | | | | 557 | | | | (107,121 | ) | | | (8,786 | ) | | | (32,013 | ) | | | (2,565 | ) |
Class R-2E | | | 10,645 | | | | 871 | | | | — | | | | — | | | | 837 | | | | 70 | | | | (15,116 | ) | | | (1,235 | ) | | | (3,634 | ) | | | (294 | ) |
Class R-3 | | | 111,908 | | | | 9,205 | | | | — | | | | — | | | | 13,530 | | | | 1,135 | | | | (183,591 | ) | | | (15,098 | ) | | | (58,153 | ) | | | (4,758 | ) |
Class R-4 | | | 121,051 | | | | 9,950 | | | | — | | | | — | | | | 13,746 | | | | 1,152 | | | | (160,515 | ) | | | (13,225 | ) | | | (25,718 | ) | | | (2,123 | ) |
Class R-5E | | | 41,924 | | | | 3,473 | | | | — | | | | — | | | | 4,337 | | | | 364 | | | | (31,125 | ) | | | (2,577 | ) | | | 15,136 | | | | 1,260 | |
Class R-5 | | | 64,785 | | | | 5,386 | | | | — | | | | — | | | | 9,381 | | | | 786 | | | | (110,546 | ) | | | (9,151 | ) | | | (36,380 | ) | | | (2,979 | ) |
Class R-6 | | | 3,963,031 | | | | 325,394 | | | | — | | | | — | | | | 448,352 | | | | 37,633 | | | | (2,286,589 | ) | | | (190,475 | ) | | | 2,124,794 | | | | 172,552 | |
Total net increase (decrease) | | $ | 21,167,017 | | | | 1,759,130 | | | $ | 482,759 | | | | 41,769 | | | $ | 2,046,349 | | | | 171,685 | | | $ | (19,964,743 | ) | | | (1,662,972 | ) | | $ | 3,731,382 | | | | 309,612 | |
* | Includes exchanges between share classes of the fund. |
† | Amount less than one thousand. |
10. Investment transactions
The fund engaged in purchases and sales of investment securities, excluding short-term securities and U.S. government obligations, if any, of $159,164,640,000 and $153,384,558,000, respectively, during the six months ended June 30, 2023.
88 | The Bond Fund of America |
Financial highlights
| | | | | Income (loss) from investment operations1 | | | Dividends and distributions | | | | | | | | | | | | | | | | | | | |
Year ended | | Net asset value, beginning of year | | | Net investment income | | | Net (losses) gains on securities (both realized and unrealized) | | | Total from investment operations | | | Dividends (from net investment income) | | | Distributions (from capital gains) | | | Total dividends and distributions | | | Net asset value, end of year | | | Total return2,3 | | | Net assets, end of year (in millions) | | | Ratio of expenses to average net assets before waivers/ reimburse- ments4 | | | Ratio of expenses to average net assets after waivers/ reimburse- ments3,4 | | | Ratio of net income to average net assets3 | |
Class A: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | $ | 11.38 | | | $ | .19 | | | $ | (.04 | ) | | $ | .15 | | | $ | (.19 | ) | | $ | — | | | $ | (.19 | ) | | $ | 11.34 | | | | 1.30 | %7 | | $ | 24,491 | | | | .61 | %8 | | | .61 | %8 | | | 3.39 | %8 |
12/31/2022 | | | 13.39 | | | | .31 | | | | (1.99 | ) | | | (1.68 | ) | | | (.31 | ) | | | (.02 | ) | | | (.33 | ) | | | 11.38 | | | | (12.68 | ) | | | 24,087 | | | | .58 | | | | .58 | | | | 2.54 | |
12/31/2021 | | | 13.79 | | | | .18 | | | | (.31 | ) | | | (.13 | ) | | | (.19 | ) | | | (.08 | ) | | | (.27 | ) | | | 13.39 | | | | (.95 | ) | | | 30,201 | | | | .55 | | | | .55 | | | | 1.36 | |
12/31/2020 | | | 13.09 | | | | .22 | | | | 1.18 | | | | 1.40 | | | | (.26 | ) | | | (.44 | ) | | | (.70 | ) | | | 13.79 | | | | 10.71 | | | | 29,570 | | | | .57 | | | | .57 | | | | 1.59 | |
12/31/2019 | | | 12.57 | | | | .31 | | | | .69 | | | | 1.00 | | | | (.30 | ) | | | (.18 | ) | | | (.48 | ) | | | 13.09 | | | | 8.02 | | | | 23,197 | | | | .60 | | | | .60 | | | | 2.35 | |
12/31/2018 | | | 12.89 | | | | .30 | | | | (.32 | ) | | | (.02 | ) | | | (.30 | ) | | | — | | | | (.30 | ) | | | 12.57 | | | | (.13 | ) | | | 19,352 | | | | .60 | | | | .60 | | | | 2.37 | |
Class C: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .15 | | | | (.04 | ) | | | .11 | | | | (.15 | ) | | | — | | | | (.15 | ) | | | 11.34 | | | | .93 | 7 | | | 454 | | | | 1.35 | 8 | | | 1.35 | 8 | | | 2.64 | 8 |
12/31/2022 | | | 13.39 | | | | .22 | | | | (1.99 | ) | | | (1.77 | ) | | | (.22 | ) | | | (.02 | ) | | | (.24 | ) | | | 11.38 | | | | (13.33 | ) | | | 487 | | | | 1.33 | | | | 1.33 | | | | 1.78 | |
12/31/2021 | | | 13.79 | | | | .08 | | | | (.31 | ) | | | (.23 | ) | | | (.09 | ) | | | (.08 | ) | | | (.17 | ) | | | 13.39 | | | | (1.68 | ) | | | 717 | | | | 1.29 | | | | 1.29 | | | | .60 | |
12/31/2020 | | | 13.09 | | | | .11 | | | | 1.18 | | | | 1.29 | | | | (.15 | ) | | | (.44 | ) | | | (.59 | ) | | | 13.79 | | | | 9.90 | | | | 848 | | | | 1.31 | | | | 1.31 | | | | .87 | |
12/31/2019 | | | 12.57 | | | | .21 | | | | .69 | | | | .90 | | | | (.20 | ) | | | (.18 | ) | | | (.38 | ) | | | 13.09 | | | | 7.20 | | | | 786 | | | | 1.36 | | | | 1.36 | | | | 1.60 | |
12/31/2018 | | | 12.89 | | | | .20 | | | | (.32 | ) | | | (.12 | ) | | | (.20 | ) | | | — | | | | (.20 | ) | | | 12.57 | | | | (.91 | ) | | | 825 | | | | 1.39 | | | | 1.39 | | | | 1.58 | |
Class T: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .21 | | | | (.04 | ) | | | .17 | | | | (.21 | ) | | | — | | | | (.21 | ) | | | 11.34 | | | | 1.47 | 7,9 | | | — | 10 | | | .25 | 8,9 | | | .25 | 8,9 | | | 3.75 | 8,9 |
12/31/2022 | | | 13.39 | | | | .34 | | | | (1.99 | ) | | | (1.65 | ) | | | (.34 | ) | | | (.02 | ) | | | (.36 | ) | | | 11.38 | | | | (12.47 | )9 | | | — | 10 | | | .33 | 9 | | | .33 | 9 | | | 2.78 | 9 |
12/31/2021 | | | 13.79 | | | | .21 | | | | (.31 | ) | | | (.10 | ) | | | (.22 | ) | | | (.08 | ) | | | (.30 | ) | | | 13.39 | | | | (.74 | )9 | | | — | 10 | | | .33 | 9 | | | .33 | 9 | | | 1.55 | 9 |
12/31/2020 | | | 13.09 | | | | .25 | | | | 1.18 | | | | 1.43 | | | | (.29 | ) | | | (.44 | ) | | | (.73 | ) | | | 13.79 | | | | 10.98 | 9 | | | — | 10 | | | .34 | 9 | | | .34 | 9 | | | 1.81 | 9 |
12/31/2019 | | | 12.57 | | | | .34 | | | | .69 | | | | 1.03 | | | | (.33 | ) | | | (.18 | ) | | | (.51 | ) | | | 13.09 | | | | 8.24 | 9 | | | — | 10 | | | .37 | 9 | | | .37 | 9 | | | 2.56 | 9 |
12/31/2018 | | | 12.89 | | | | .33 | | | | (.32 | ) | | | .01 | | | | (.33 | ) | | | — | | | | (.33 | ) | | | 12.57 | | | | .09 | 9 | | | — | 10 | | | .39 | 9 | | | .39 | 9 | | | 2.58 | 9 |
Class F-1: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .19 | | | | (.04 | ) | | | .15 | | | | (.19 | ) | | | — | | | | (.19 | ) | | | 11.34 | | | | 1.29 | 7 | | | 819 | | | | .63 | 8 | | | .63 | 8 | | | 3.37 | 8 |
12/31/2022 | | | 13.39 | | | | .30 | | | | (1.99 | ) | | | (1.69 | ) | | | (.30 | ) | | | (.02 | ) | | | (.32 | ) | | | 11.38 | | | | (12.71 | ) | | | 796 | | | | .61 | | | | .61 | | | | 2.51 | |
12/31/2021 | | | 13.79 | | | | .18 | | | | (.31 | ) | | | (.13 | ) | | | (.19 | ) | | | (.08 | ) | | | (.27 | ) | | | 13.39 | | | | (.99 | ) | | | 1,011 | | | | .59 | | | | .59 | | | | 1.30 | |
12/31/2020 | | | 13.09 | | | | .21 | | | | 1.18 | | | | 1.39 | | | | (.25 | ) | | | (.44 | ) | | | (.69 | ) | | | 13.79 | | | | 10.68 | | | | 1,315 | | | | .60 | | | | .60 | | | | 1.55 | |
12/31/2019 | | | 12.57 | | | | .31 | | | | .69 | | | | 1.00 | | | | (.30 | ) | | | (.18 | ) | | | (.48 | ) | | | 13.09 | | | | 7.97 | | | | 977 | | | | .64 | | | | .64 | | | | 2.31 | |
12/31/2018 | | | 12.89 | | | | .29 | | | | (.32 | ) | | | (.03 | ) | | | (.29 | ) | | | — | | | | (.29 | ) | | | 12.57 | | | | (.18 | ) | | | 745 | | | | .66 | | | | .66 | | | | 2.32 | |
Class F-2: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .21 | | | | (.04 | ) | | | .17 | | | | (.21 | ) | | | — | | | | (.21 | ) | | | 11.34 | | | | 1.44 | 7 | | | 23,181 | | | | .34 | 8 | | | .34 | 8 | | | 3.68 | 8 |
12/31/2022 | | | 13.39 | | | | .34 | | | | (1.99 | ) | | | (1.65 | ) | | | (.34 | ) | | | (.02 | ) | | | (.36 | ) | | | 11.38 | | | | (12.46 | ) | | | 19,982 | | | | .33 | | | | .33 | | | | 2.81 | |
12/31/2021 | | | 13.79 | | | | .22 | | | | (.31 | ) | | | (.09 | ) | | | (.23 | ) | | | (.08 | ) | | | (.31 | ) | | | 13.39 | | | | (.71 | ) | | | 20,613 | | | | .31 | | | | .31 | | | | 1.60 | |
12/31/2020 | | | 13.09 | | | | .25 | | | | 1.18 | | | | 1.43 | | | | (.29 | ) | | | (.44 | ) | | | (.73 | ) | | | 13.79 | | | | 10.99 | | | | 16,494 | | | | .32 | | | | .32 | | | | 1.81 | |
12/31/2019 | | | 12.57 | | | | .35 | | | | .69 | | | | 1.04 | | | | (.34 | ) | | | (.18 | ) | | | (.52 | ) | | | 13.09 | | | | 8.28 | | | | 9,415 | | | | .35 | | | | .35 | | | | 2.59 | |
12/31/2018 | | | 12.89 | | | | .33 | | | | (.32 | ) | | | .01 | | | | (.33 | ) | | | — | | | | (.33 | ) | | | 12.57 | | | | .14 | | | | 5,728 | | | | .34 | | | | .34 | | | | 2.65 | |
Class F-3: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .21 | | | | (.04 | ) | | | .17 | | | | (.21 | ) | | | — | | | | (.21 | ) | | | 11.34 | | | | 1.49 | 7 | | | 8,745 | | | | .23 | 8 | | | .23 | 8 | | | 3.78 | 8 |
12/31/2022 | | | 13.39 | | | | .35 | | | | (1.99 | ) | | | (1.64 | ) | | | (.35 | ) | | | (.02 | ) | | | (.37 | ) | | | 11.38 | | | | (12.36 | ) | | | 7,866 | | | | .22 | | | | .22 | | | | 2.92 | |
12/31/2021 | | | 13.79 | | | | .23 | | | | (.31 | ) | | | (.08 | ) | | | (.24 | ) | | | (.08 | ) | | | (.32 | ) | | | 13.39 | | | | (.60 | ) | | | 7,934 | | | | .20 | | | | .20 | | | | 1.72 | |
12/31/2020 | | | 13.09 | | | | .27 | | | | 1.18 | | | | 1.45 | | | | (.31 | ) | | | (.44 | ) | | | (.75 | ) | | | 13.79 | | | | 11.10 | | | | 4,465 | | | | .21 | | | | .21 | | | | 1.90 | |
12/31/2019 | | | 12.57 | | | | .36 | | | | .69 | | | | 1.05 | | | | (.35 | ) | | | (.18 | ) | | | (.53 | ) | | | 13.09 | | | | 8.40 | | | | 2,212 | | | | .25 | | | | .24 | | | | 2.70 | |
12/31/2018 | | | 12.89 | | | | .34 | | | | (.32 | ) | | | .02 | | | | (.34 | ) | | | — | | | | (.34 | ) | | | 12.57 | | | | .21 | | | | 1,483 | | | | .27 | | | | .27 | | | | 2.70 | |
Class 529-A: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .19 | | | | (.04 | ) | | | .15 | | | | (.19 | ) | | | — | | | | (.19 | ) | | | 11.34 | | | | 1.28 | 7 | | | 1,172 | | | | .65 | 8 | | | .65 | 8 | | | 3.36 | 8 |
12/31/2022 | | | 13.39 | | | | .30 | | | | (1.99 | ) | | | (1.69 | ) | | | (.30 | ) | | | (.02 | ) | | | (.32 | ) | | | 11.38 | | | | (12.71 | ) | | | 1,156 | | | | .62 | | | | .62 | | | | 2.51 | |
12/31/2021 | | | 13.79 | | | | .18 | | | | (.31 | ) | | | (.13 | ) | | | (.19 | ) | | | (.08 | ) | | | (.27 | ) | | | 13.39 | | | | (.99 | ) | | | 1,473 | | | | .59 | | | | .59 | | | | 1.31 | |
12/31/2020 | | | 13.09 | | | | .21 | | | | 1.18 | | | | 1.39 | | | | (.25 | ) | | | (.44 | ) | | | (.69 | ) | | | 13.79 | | | | 10.67 | | | | 1,526 | | | | .61 | | | | .61 | | | | 1.54 | |
12/31/2019 | | | 12.57 | | | | .30 | | | | .69 | | | | .99 | | | | (.29 | ) | | | (.18 | ) | | | (.47 | ) | | | 13.09 | | | | 7.95 | | | | 1,174 | | | | .66 | | | | .66 | | | | 2.29 | |
12/31/2018 | | | 12.89 | | | | .29 | | | | (.32 | ) | | | (.03 | ) | | | (.29 | ) | | | — | | | | (.29 | ) | | | 12.57 | | | | (.21 | ) | | | 1,003 | | | | .69 | | | | .69 | | | | 2.29 | |
Refer to the end of the table for footnotes.
The Bond Fund of America | 89 |
Financial highlights (continued)
| | | | | Income (loss) from investment operations1 | | | Dividends and distributions | | | | | | | | | | | | | | | | | | | |
Year ended | | Net asset value, beginning of year | | | Net investment income | | | Net (losses) gains on securities (both realized and unrealized) | | | Total from investment operations | | | Dividends (from net investment income) | | | Distributions (from capital gains) | | | Total dividends and distributions | | | Net asset value, end of year | | | Total return2,3 | | | Net assets, end of year (in millions) | | | Ratio of expenses to average net assets before waivers/ reimburse- ments4 | | | Ratio of expenses to average net assets after waivers/ reimburse- ments3,4 | | | Ratio of net income to average net assets3 | |
Class 529-C: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | $ | 11.38 | | | $ | .14 | | | $ | (.04 | ) | | $ | .10 | | | $ | (.14 | ) | | $ | — | | | $ | (.14 | ) | | $ | 11.34 | | | | .90 | %7 | | $ | 43 | | | | 1.41 | %8 | | | 1.41 | %8 | | | 2.58 | %8 |
12/31/2022 | | | 13.39 | | | | .21 | | | | (1.99 | ) | | | (1.78 | ) | | | (.21 | ) | | | (.02 | ) | | | (.23 | ) | | | 11.38 | | | | (13.38 | ) | | | 45 | | | | 1.38 | | | | 1.38 | | | | 1.72 | |
12/31/2021 | | | 13.79 | | | | .08 | | | | (.31 | ) | | | (.23 | ) | | | (.09 | ) | | | (.08 | ) | | | (.17 | ) | | | 13.39 | | | | (1.73 | ) | | | 70 | | | | 1.34 | | | | 1.34 | | | | .56 | |
12/31/2020 | | | 13.09 | | | | .11 | | | | 1.18 | | | | 1.29 | | | | (.15 | ) | | | (.44 | ) | | | (.59 | ) | | | 13.79 | | | | 9.85 | | | | 89 | | | | 1.36 | | | | 1.36 | | | | .90 | |
12/31/2019 | | | 12.57 | | | | .21 | | | | .69 | | | | .90 | | | | (.20 | ) | | | (.18 | ) | | | (.38 | ) | | | 13.09 | | | | 7.16 | | | | 180 | | | | 1.40 | | | | 1.40 | | | | 1.56 | |
12/31/2018 | | | 12.89 | | | | .20 | | | | (.32 | ) | | | (.12 | ) | | | (.20 | ) | | | — | | | | (.20 | ) | | | 12.57 | | | | (.94 | ) | | | 191 | | | | 1.43 | | | | 1.43 | | | | 1.55 | |
Class 529-E: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .18 | | | | (.04 | ) | | | .14 | | | | (.18 | ) | | | — | | | | (.18 | ) | | | 11.34 | | | | 1.19 | 7 | | | 33 | | | | .84 | 8 | | | .84 | 8 | | | 3.16 | 8 |
12/31/2022 | | | 13.39 | | | | .28 | | | | (1.99 | ) | | | (1.71 | ) | | | (.28 | ) | | | (.02 | ) | | | (.30 | ) | | | 11.38 | | | | (12.88 | ) | | | 34 | | | | .81 | | | | .81 | | | | 2.30 | |
12/31/2021 | | | 13.79 | | | | .15 | | | | (.31 | ) | | | (.16 | ) | | | (.16 | ) | | | (.08 | ) | | | (.24 | ) | | | 13.39 | | | | (1.19 | ) | | | 46 | | | | .79 | | | | .79 | | | | 1.11 | |
12/31/2020 | | | 13.09 | | | | .18 | | | | 1.18 | | | | 1.36 | | | | (.22 | ) | | | (.44 | ) | | | (.66 | ) | | | 13.79 | | | | 10.46 | | | | 53 | | | | .80 | | | | .80 | | | | 1.37 | |
12/31/2019 | | | 12.57 | | | | .28 | | | | .69 | | | | .97 | | | | (.27 | ) | | | (.18 | ) | | | (.45 | ) | | | 13.09 | | | | 7.75 | | | | 46 | | | | .85 | | | | .85 | | | | 2.11 | |
12/31/2018 | | | 12.89 | | | | .27 | | | | (.32 | ) | | | (.05 | ) | | | (.27 | ) | | | — | | | | (.27 | ) | | | 12.57 | | | | (.40 | ) | | | 43 | | | | .88 | | | | .88 | | | | 2.10 | |
Class 529-T: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .21 | | | | (.04 | ) | | | .17 | | | | (.21 | ) | | | — | | | | (.21 | ) | | | 11.34 | | | | 1.45 | 7,9 | | | — | 10 | | | .32 | 8,9 | | | .32 | 8,9 | | | 3.68 | 8,9 |
12/31/2022 | | | 13.39 | | | | .33 | | | | (1.99 | ) | | | (1.66 | ) | | | (.33 | ) | | | (.02 | ) | | | (.35 | ) | | | 11.38 | | | | (12.51 | )9 | | | — | 10 | | | .38 | 9 | | | .38 | 9 | | | 2.74 | 9 |
12/31/2021 | | | 13.79 | | | | .21 | | | | (.31 | ) | | | (.10 | ) | | | (.22 | ) | | | (.08 | ) | | | (.30 | ) | | | 13.39 | | | | (.78 | )9 | | | — | 10 | | | .37 | 9 | | | .37 | 9 | | | 1.52 | 9 |
12/31/2020 | | | 13.09 | | | | .24 | | | | 1.18 | | | | 1.42 | | | | (.28 | ) | | | (.44 | ) | | | (.72 | ) | | | 13.79 | | | | 10.91 | 9 | | | — | 10 | | | .39 | 9 | | | .39 | 9 | | | 1.77 | 9 |
12/31/2019 | | | 12.57 | | | | .33 | | | | .69 | | | | 1.02 | | | | (.32 | ) | | | (.18 | ) | | | (.50 | ) | | | 13.09 | | | | 8.20 | 9 | | | — | 10 | | | .42 | 9 | | | .42 | 9 | | | 2.51 | 9 |
12/31/2018 | | | 12.89 | | | | .32 | | | | (.32 | ) | | | — | 11 | | | (.32 | ) | | | — | | | | (.32 | ) | | | 12.57 | | | | .04 | 9 | | | — | 10 | | | .44 | 9 | | | .44 | 9 | | | 2.54 | 9 |
Class 529-F-1: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .20 | | | | (.04 | ) | | | .16 | | | | (.20 | ) | | | — | | | | (.20 | ) | | | 11.34 | | | | 1.38 | 7,9 | | | — | 10 | | | .44 | 8,9 | | | .44 | 8,9 | | | 3.56 | 8,9 |
12/31/2022 | | | 13.39 | | | | .33 | | | | (1.99 | ) | | | (1.66 | ) | | | (.33 | ) | | | (.02 | ) | | | (.35 | ) | | | 11.38 | | | | (12.53 | )9 | | | — | 10 | | | .40 | 9 | | | .40 | 9 | | | 2.71 | 9 |
12/31/2021 | | | 13.79 | | | | .20 | | | | (.31 | ) | | | (.11 | ) | | | (.21 | ) | | | (.08 | ) | | | (.29 | ) | | | 13.39 | | | | (.82 | )9 | | | — | 10 | | | .41 | 9 | | | .41 | 9 | | | 1.48 | 9 |
12/31/2020 | | | 13.09 | | | | .24 | | | | 1.18 | | | | 1.42 | | | | (.28 | ) | | | (.44 | ) | | | (.72 | ) | | | 13.79 | | | | 10.92 | 9 | | | — | 10 | | | .38 | 9 | | | .38 | 9 | | | 1.87 | 9 |
12/31/2019 | | | 12.57 | | | | .34 | | | | .69 | | | | 1.03 | | | | (.33 | ) | | | (.18 | ) | | | (.51 | ) | | | 13.09 | | | | 8.20 | | | | 128 | | | | .42 | | | | .42 | | | | 2.53 | |
12/31/2018 | | | 12.89 | | | | .32 | | | | (.32 | ) | | | — | 11 | | | (.32 | ) | | | — | | | | (.32 | ) | | | 12.57 | | | | .03 | | | | 102 | | | | .44 | | | | .44 | | | | 2.54 | |
Class 529-F-2: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .21 | | | | (.04 | ) | | | .17 | | | | (.21 | ) | | | — | | | | (.21 | ) | | | 11.34 | | | | 1.46 | 7 | | | 157 | | | | .30 | 8 | | | .30 | 8 | | | 3.71 | 8 |
12/31/2022 | | | 13.39 | | | | .34 | | | | (1.99 | ) | | | (1.65 | ) | | | (.34 | ) | | | (.02 | ) | | | (.36 | ) | | | 11.38 | | | | (12.45 | ) | | | 147 | | | | .32 | | | | .32 | | | | 2.81 | |
12/31/2021 | | | 13.79 | | | | .21 | | | | (.31 | ) | | | (.10 | ) | | | (.22 | ) | | | (.08 | ) | | | (.30 | ) | | | 13.39 | | | | (.73 | ) | | | 177 | | | | .33 | | | | .33 | | | | 1.58 | |
12/31/20205,12 | | | 14.00 | | | | .03 | | | | .24 | | | | .27 | | | | (.04 | ) | | | (.44 | ) | | | (.48 | ) | | | 13.79 | | | | 1.88 | 7 | | | 166 | | | | .06 | 7 | | | .06 | 7 | | | .24 | 7 |
Class 529-F-3: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .21 | | | | (.04 | ) | | | .17 | | | | (.21 | ) | | | — | | | | (.21 | ) | | | 11.34 | | | | 1.46 | 7 | | | — | 10 | | | .29 | 8 | | | .29 | 8 | | | 3.71 | 8 |
12/31/2022 | | | 13.39 | | | | .34 | | | | (1.99 | ) | | | (1.65 | ) | | | (.34 | ) | | | (.02 | ) | | | (.36 | ) | | | 11.38 | | | | (12.42 | ) | | | — | 10 | | | .27 | | | | .27 | | | | 2.85 | |
12/31/2021 | | | 13.79 | | | | .22 | | | | (.31 | ) | | | (.09 | ) | | | (.23 | ) | | | (.08 | ) | | | (.31 | ) | | | 13.39 | | | | (.69 | ) | | | — | 10 | | | .27 | | | | .27 | | | | 1.62 | |
12/31/20205,12 | | | 14.00 | | | | .04 | | | | .23 | | | | .27 | | | | (.04 | ) | | | (.44 | ) | | | (.48 | ) | | | 13.79 | | | | 1.90 | 7 | | | — | 10 | | | .08 | 7 | | | .04 | 7 | | | .25 | 7 |
Class R-1: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .15 | | | | (.04 | ) | | | .11 | | | | (.15 | ) | | | — | | | | (.15 | ) | | | 11.34 | | | | .95 | 7 | | | 38 | | | | 1.32 | 8 | | | 1.32 | 8 | | | 2.68 | 8 |
12/31/2022 | | | 13.39 | | | | .22 | | | | (1.99 | ) | | | (1.77 | ) | | | (.22 | ) | | | (.02 | ) | | | (.24 | ) | | | 11.38 | | | | (13.31 | ) | | | 37 | | | | 1.31 | | | | 1.31 | | | | 1.83 | |
12/31/2021 | | | 13.79 | | | | .08 | | | | (.31 | ) | | | (.23 | ) | | | (.09 | ) | | | (.08 | ) | | | (.17 | ) | | | 13.39 | | | | (1.69 | ) | | | 42 | | | | 1.29 | | | | 1.29 | | | | .62 | |
12/31/2020 | | | 13.09 | | | | .11 | | | | 1.18 | | | | 1.29 | | | | (.15 | ) | | | (.44 | ) | | | (.59 | ) | | | 13.79 | | | | 9.88 | | | | 39 | | | | 1.33 | | | | 1.33 | | | | .85 | |
12/31/2019 | | | 12.57 | | | | .21 | | | | .69 | | | | .90 | | | | (.20 | ) | | | (.18 | ) | | | (.38 | ) | | | 13.09 | | | | 7.21 | | | | 39 | | | | 1.35 | | | | 1.35 | | | | 1.61 | |
12/31/2018 | | | 12.89 | | | | .20 | | | | (.32 | ) | | | (.12 | ) | | | (.20 | ) | | | — | | | | (.20 | ) | | | 12.57 | | | | (.89 | ) | | | 30 | | | | 1.37 | | | | 1.37 | | | | 1.60 | |
Refer to the end of the table for footnotes.
90 | The Bond Fund of America |
Financial highlights (continued)
| | | | | Income (loss) from investment operations1 | | | Dividends and distributions | | | | | | | | | | | | | | | | | | | |
Year ended | | Net asset value, beginning of year | | | Net investment income | | | Net (losses) gains on securities (both realized and unrealized) | | | Total from investment operations | | | Dividends (from net investment income) | | | Distributions (from capital gains) | | | Total dividends and distributions | | | Net asset value, end of year | | | Total return2,3 | | | Net assets, end of year (in millions) | | | Ratio of expenses to average net assets before waivers/ reimburse- ments4 | | | Ratio of expenses to average net assets after waivers/ reimburse- ments3,4 | | | Ratio of net income to average net assets3 | |
Class R-2: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | $ | 11.38 | | | $ | .15 | | | $ | (.04 | ) | | $ | .11 | | | $ | (.15 | ) | | $ | — | | | $ | (.15 | ) | | $ | 11.34 | | | | .95 | %7 | | $ | 318 | | | | 1.32 | %8 | | | 1.32 | %8 | | | 2.68 | %8 |
12/31/2022 | | | 13.39 | | | | .22 | | | | (1.99 | ) | | | (1.77 | ) | | | (.22 | ) | | | (.02 | ) | | | (.24 | ) | | | 11.38 | | | | (13.33 | ) | | | 319 | | | | 1.33 | | | | 1.33 | | | | 1.79 | |
12/31/2021 | | | 13.79 | | | | .08 | | | | (.31 | ) | | | (.23 | ) | | | (.09 | ) | | | (.08 | ) | | | (.17 | ) | | | 13.39 | | | | (1.69 | ) | | | 409 | | | | 1.30 | | | | 1.30 | | | | .60 | |
12/31/2020 | | | 13.09 | | | | .12 | | | | 1.18 | | | | 1.30 | | | | (.16 | ) | | | (.44 | ) | | | (.60 | ) | | | 13.79 | | | | 9.91 | | | | 468 | | | | 1.30 | | | | 1.30 | | | | .87 | |
12/31/2019 | | | 12.57 | | | | .22 | | | | .69 | | | | .91 | | | | (.21 | ) | | | (.18 | ) | | | (.39 | ) | | | 13.09 | | | | 7.22 | | | | 410 | | | | 1.34 | | | | 1.34 | | | | 1.61 | |
12/31/2018 | | | 12.89 | | | | .20 | | | | (.32 | ) | | | (.12 | ) | | | (.20 | ) | | | — | | | | (.20 | ) | | | 12.57 | | | | (.88 | ) | | | 400 | | | | 1.36 | | | | 1.36 | | | | 1.61 | |
Class R-2E: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .17 | | | | (.04 | ) | | | .13 | | | | (.17 | ) | | | — | | | | (.17 | ) | | | 11.34 | | | | 1.09 | 7 | | | 37 | | | | 1.03 | 8 | | | 1.03 | 8 | | | 2.98 | 8 |
12/31/2022 | | | 13.39 | | | | .25 | | | | (1.99 | ) | | | (1.74 | ) | | | (.25 | ) | | | (.02 | ) | | | (.27 | ) | | | 11.38 | | | | (13.07 | ) | | | 34 | | | | 1.03 | | | | 1.03 | | | | 2.09 | |
12/31/2021 | | | 13.79 | | | | .12 | | | | (.31 | ) | | | (.19 | ) | | | (.13 | ) | | | (.08 | ) | | | (.21 | ) | | | 13.39 | | | | (1.40 | ) | | | 44 | | | | 1.00 | | | | 1.00 | | | | .90 | |
12/31/2020 | | | 13.09 | | | | .16 | | | | 1.18 | | | | 1.34 | | | | (.20 | ) | | | (.44 | ) | | | (.64 | ) | | | 13.79 | | | | 10.22 | | | | 46 | | | | 1.02 | | | | 1.02 | | | | 1.14 | |
12/31/2019 | | | 12.57 | | | | .25 | | | | .69 | | | | .94 | | | | (.24 | ) | | | (.18 | ) | | | (.42 | ) | | | 13.09 | | | | 7.53 | | | | 33 | | | | 1.05 | | | | 1.05 | | | | 1.90 | |
12/31/2018 | | | 12.89 | | | | .24 | | | | (.32 | ) | | | (.08 | ) | | | (.24 | ) | | | — | | | | (.24 | ) | | | 12.57 | | | | (.59 | ) | | | 26 | | | | 1.07 | | | | 1.07 | | | | 1.92 | |
Class R-3: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .17 | | | | (.04 | ) | | | .13 | | | | (.17 | ) | | | — | | | | (.17 | ) | | | 11.34 | | | | 1.17 | 7 | | | 518 | | | | .88 | 8 | | | .88 | 8 | | | 3.12 | 8 |
12/31/2022 | | | 13.39 | | | | .27 | | | | (1.99 | ) | | | (1.72 | ) | | | (.27 | ) | | | (.02 | ) | | | (.29 | ) | | | 11.38 | | | | (12.93 | ) | | | 518 | | | | .87 | | | | .87 | | | | 2.25 | |
12/31/2021 | | | 13.79 | | | | .14 | | | | (.31 | ) | | | (.17 | ) | | | (.15 | ) | | | (.08 | ) | | | (.23 | ) | | | 13.39 | | | | (1.25 | ) | | | 673 | | | | .85 | | | | .85 | | | | 1.05 | |
12/31/2020 | | | 13.09 | | | | .18 | | | | 1.18 | | | | 1.36 | | | | (.22 | ) | | | (.44 | ) | | | (.66 | ) | | | 13.79 | | | | 10.40 | | | | 743 | | | | .86 | | | | .86 | | | | 1.31 | |
12/31/2019 | | | 12.57 | | | | .27 | | | | .69 | | | | .96 | | | | (.26 | ) | | | (.18 | ) | | | (.44 | ) | | | 13.09 | | | | 7.70 | | | | 633 | | | | .89 | | | | .89 | | | | 2.06 | |
12/31/2018 | | | 12.89 | | | | .26 | | | | (.32 | ) | | | (.06 | ) | | | (.26 | ) | | | — | | | | (.26 | ) | | | 12.57 | | | | (.43 | ) | | | 582 | | | | .91 | | | | .91 | | | | 2.06 | |
Class R-4: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .19 | | | | (.04 | ) | | | .15 | | | | (.19 | ) | | | — | | | | (.19 | ) | | | 11.34 | | | | 1.32 | 7 | | | 491 | | | | .58 | 8 | | | .58 | 8 | | | 3.43 | 8 |
12/31/2022 | | | 13.39 | | | | .31 | | | | (1.99 | ) | | | (1.68 | ) | | | (.31 | ) | | | (.02 | ) | | | (.33 | ) | | | 11.38 | | | | (12.67 | ) | | | 476 | | | | .57 | | | | .57 | | | | 2.55 | |
12/31/2021 | | | 13.79 | | | | .18 | | | | (.31 | ) | | | (.13 | ) | | | (.19 | ) | | | (.08 | ) | | | (.27 | ) | | | 13.39 | | | | (.94 | ) | | | 588 | | | | .54 | | | | .54 | | | | 1.35 | |
12/31/2020 | | | 13.09 | | | | .22 | | | | 1.18 | | | | 1.40 | | | | (.26 | ) | | | (.44 | ) | | | (.70 | ) | | | 13.79 | | | | 10.73 | | | | 688 | | | | .55 | | | | .55 | | | | 1.61 | |
12/31/2019 | | | 12.57 | | | | .31 | | | | .69 | | | | 1.00 | | | | (.30 | ) | | | (.18 | ) | | | (.48 | ) | | | 13.09 | | | | 8.03 | | | | 567 | | | | .59 | | | | .59 | | | | 2.37 | |
12/31/2018 | | | 12.89 | | | | .30 | | | | (.32 | ) | | | (.02 | ) | | | (.30 | ) | | | — | | | | (.30 | ) | | | 12.57 | | | | (.13 | ) | | | 518 | | | | .61 | | | | .61 | | | | 2.37 | |
Class R-5E: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .20 | | | | (.04 | ) | | | .16 | | | | (.20 | ) | | | — | | | | (.20 | ) | | | 11.34 | | | | 1.42 | 7 | | | 168 | | | | .38 | 8 | | | .38 | 8 | | | 3.64 | 8 |
12/31/2022 | | | 13.39 | | | | .33 | | | | (1.99 | ) | | | (1.66 | ) | | | (.33 | ) | | | (.02 | ) | | | (.35 | ) | | | 11.38 | | | | (12.50 | ) | | | 150 | | | | .37 | | | | .37 | | | | 2.77 | |
12/31/2021 | | | 13.79 | | | | .21 | | | | (.31 | ) | | | (.10 | ) | | | (.22 | ) | | | (.08 | ) | | | (.30 | ) | | | 13.39 | | | | (.75 | ) | | | 160 | | | | .34 | | | | .34 | | | | 1.60 | |
12/31/2020 | | | 13.09 | | | | .25 | | | | 1.18 | | | | 1.43 | | | | (.29 | ) | | | (.44 | ) | | | (.73 | ) | | | 13.79 | | | | 10.95 | | | | 88 | | | | .35 | | | | .35 | | | | 1.78 | |
12/31/2019 | | | 12.57 | | | | .34 | | | | .69 | | | | 1.03 | | | | (.33 | ) | | | (.18 | ) | | | (.51 | ) | | | 13.09 | | | | 8.25 | | | | 43 | | | | .37 | | | | .37 | | | | 2.53 | |
12/31/2018 | | | 12.89 | | | | .33 | | | | (.32 | ) | | | .01 | | | | (.33 | ) | | | — | | | | (.33 | ) | | | 12.57 | | | | .09 | | | | 8 | | | | .40 | | | | .40 | | | | 2.63 | |
Class R-5: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .21 | | | | (.04 | ) | | | .17 | | | | (.21 | ) | | | — | | | | (.21 | ) | | | 11.34 | | | | 1.47 | 7 | | | 286 | | | | .28 | 8 | | | .28 | 8 | | | 3.72 | 8 |
12/31/2022 | | | 13.39 | | | | .35 | | | | (1.99 | ) | | | (1.64 | ) | | | (.35 | ) | | | (.02 | ) | | | (.37 | ) | | | 11.38 | | | | (12.40 | ) | | | 283 | | | | .27 | | | | .27 | | | | 2.85 | |
12/31/2021 | | | 13.79 | | | | .22 | | | | (.31 | ) | | | (.09 | ) | | | (.23 | ) | | | (.08 | ) | | | (.31 | ) | | | 13.39 | | | | (.65 | ) | | | 373 | | | | .25 | | | | .25 | | | | 1.69 | |
12/31/2020 | | | 13.09 | | | | .26 | | | | 1.18 | | | | 1.44 | | | | (.30 | ) | | | (.44 | ) | | | (.74 | ) | | | 13.79 | | | | 11.06 | | | | 192 | | | | .26 | | | | .26 | | | | 1.91 | |
12/31/2019 | | | 12.57 | | | | .35 | | | | .69 | | | | 1.04 | | | | (.34 | ) | | | (.18 | ) | | | (.52 | ) | | | 13.09 | | | | 8.35 | | | | 173 | | | | .29 | | | | .29 | | | | 2.67 | |
12/31/2018 | | | 12.89 | | | | .34 | | | | (.32 | ) | | | .02 | | | | (.34 | ) | | | — | | | | (.34 | ) | | | 12.57 | | | | .17 | | | | 163 | | | | .31 | | | | .31 | | | | 2.67 | |
Class R-6: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
6/30/20235,6 | | | 11.38 | | | | .21 | | | | (.04 | ) | | | .17 | | | | (.21 | ) | | | — | | | | (.21 | ) | | | 11.34 | | | | 1.49 | 7 | | | 14,801 | | | | .23 | 8 | | | .23 | 8 | | | 3.78 | 8 |
12/31/2022 | | | 13.39 | | | | .35 | | | | (1.99 | ) | | | (1.64 | ) | | | (.35 | ) | | | (.02 | ) | | | (.37 | ) | | | 11.38 | | | | (12.36 | ) | | | 14,744 | | | | .22 | | | | .22 | | | | 2.93 | |
12/31/2021 | | | 13.79 | | | | .23 | | | | (.31 | ) | | | (.08 | ) | | | (.24 | ) | | | (.08 | ) | | | (.32 | ) | | | 13.39 | | | | (.60 | ) | | | 15,035 | | | | .20 | | | | .20 | | | | 1.71 | |
12/31/2020 | | | 13.09 | | | | .27 | | | | 1.18 | | | | 1.45 | | | | (.31 | ) | | | (.44 | ) | | | (.75 | ) | | | 13.79 | | | | 11.11 | | | | 13,449 | | | | .21 | | | | .21 | | | | 1.95 | |
12/31/2019 | | | 12.57 | | | | .36 | | | | .69 | | | | 1.05 | | | | (.35 | ) | | | (.18 | ) | | | (.53 | ) | | | 13.09 | | | | 8.40 | | | | 10,434 | | | | .24 | | | | .24 | | | | 2.72 | |
12/31/2018 | | | 12.89 | | | | .34 | | | | (.32 | ) | | | .02 | | | | (.34 | ) | | | — | | | | (.34 | ) | | | 12.57 | | | | .22 | | | | 8,116 | | | | .26 | | | | .26 | | | | 2.73 | |
Refer to the end of the table for footnotes.
The Bond Fund of America | 91 |
Financial highlights (continued)
| | Six months ended June 30, 20235,6,7 | | Year ended December 31, |
Portfolio turnover rate for all share classes13,14 | | | 2022 | | 2021 | | 2020 | | 2019 | | 2018 |
Excluding mortgage dollar roll transactions | | | 57 | % | | | 74 | % | | | 74 | % | | | 113 | % | | | 127 | % | | | 121 | % |
Including mortgage dollar roll transactions | | | 248 | % | | | 412 | % | | | 368 | % | | | 535 | % | | | 286 | % | | | 356 | % |
1 | | Based on average shares outstanding. |
2 | | Total returns exclude any applicable sales charges, including contingent deferred sales charges. |
3 | | This column reflects the impact, if any, of certain waivers/reimbursements from AFS and/or CRMC. During one of the years shown, AFS waived a portion of transfer agent services fees for Class F-3 shares. In addition, during one of the years shown, CRMC reimbursed a portion of transfer agent services fees for Class 529-F-3 shares. |
4 | | Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds. |
5 | | Based on operations for a period that is less than a full year. |
6 | | Unaudited. |
7 | | Not annualized. |
8 | | Annualized. |
9 | | All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services are not charged or accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total return would have been lower. |
10 | | Amount less than $1 million. |
11 | | Amount less than $.01. |
12 | | Class 529-F-2 and 529-F-3 shares began investment operations on October 30, 2020. |
13 | | Rates do not include the fund’s portfolio activity with respect to any Central Funds. |
14 | | Refer to Note 5 for more information on mortgage dollar rolls. |
Refer to the notes to financial statements.
92 | The Bond Fund of America |
As a fund shareholder, you incur two types of costs: (1) transaction costs, such as initial sales charges on purchase payments and contingent deferred sales charges on redemptions (loads), and (2) ongoing costs, including management fees, distribution and service (12b-1) fees, and other expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire six-month period (January 1, 2023, through June 30, 2023).
Actual expenses:
The first line of each share class in the table on the following page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading titled “Expenses paid during period” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes:
The second line of each share class in the table on the following page provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed rate of return of 5.00% per year before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5.00% hypothetical example with the 5.00% hypothetical examples that appear in the shareholder reports of the other funds.
Notes:
Retirement plan participants may be subject to certain fees charged by the plan sponsor, and Class F-1, F-2, F-3, 529-F-1, 529-F-2 and 529-F-3 shareholders may be subject to fees charged by financial intermediaries, typically ranging from 0.75% to 1.50% of assets annually depending on services offered. You can estimate the impact of these fees by adding the amount of the fees to the total estimated expenses you paid on your account during the period as calculated above. In addition, your ending account value would be lower by the amount of these fees.
Note that the expenses shown in the table on the following page are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads). Therefore, the second line of each share class in the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
The Bond Fund of America | 93 |
Expense example (continued)
| | Beginning account value 1/1/2023 | | Ending account value 6/30/2023 | | Expenses paid during period* | | Annualized expense ratio |
Class A – actual return | | $ | 1,000.00 | | | $ | 1,013.02 | | | $ | 3.04 | | | | .61 | % |
Class A – assumed 5% return | | | 1,000.00 | | | | 1,021.77 | | | | 3.06 | | | | .61 | |
Class C – actual return | | | 1,000.00 | | | | 1,009.33 | | | | 6.73 | | | | 1.35 | |
Class C – assumed 5% return | | | 1,000.00 | | | | 1,018.10 | | | | 6.76 | | | | 1.35 | |
Class T – actual return | | | 1,000.00 | | | | 1,014.74 | | | | 1.25 | | | | .25 | |
Class T – assumed 5% return | | | 1,000.00 | | | | 1,023.55 | | | | 1.25 | | | | .25 | |
Class F-1 – actual return | | | 1,000.00 | | | | 1,012.91 | | | | 3.14 | | | | .63 | |
Class F-1 – assumed 5% return | | | 1,000.00 | | | | 1,021.67 | | | | 3.16 | | | | .63 | |
Class F-2 – actual return | | | 1,000.00 | | | | 1,014.36 | | | | 1.70 | | | | .34 | |
Class F-2 – assumed 5% return | | | 1,000.00 | | | | 1,023.11 | | | | 1.71 | | | | .34 | |
Class F-3 – actual return | | | 1,000.00 | | | | 1,014.91 | | | | 1.15 | | | | .23 | |
Class F-3 – assumed 5% return | | | 1,000.00 | | | | 1,023.65 | | | | 1.15 | | | | .23 | |
Class 529-A – actual return | | | 1,000.00 | | | | 1,012.83 | | | | 3.24 | | | | .65 | |
Class 529-A – assumed 5% return | | | 1,000.00 | | | | 1,021.57 | | | | 3.26 | | | | .65 | |
Class 529-C – actual return | | | 1,000.00 | | | | 1,008.99 | | | | 7.02 | | | | 1.41 | |
Class 529-C – assumed 5% return | | | 1,000.00 | | | | 1,017.80 | | | | 7.05 | | | | 1.41 | |
Class 529-E – actual return | | | 1,000.00 | | | | 1,011.86 | | | | 4.19 | | | | .84 | |
Class 529-E – assumed 5% return | | | 1,000.00 | | | | 1,020.63 | | | | 4.21 | | | | .84 | |
Class 529-T – actual return | | | 1,000.00 | | | | 1,014.45 | | | | 1.60 | | | | .32 | |
Class 529-T – assumed 5% return | | | 1,000.00 | | | | 1,023.21 | | | | 1.61 | | | | .32 | |
Class 529-F-1 – actual return | | | 1,000.00 | | | | 1,013.81 | | | | 2.20 | | | | .44 | |
Class 529-F-1 – assumed 5% return | | | 1,000.00 | | | | 1,022.61 | | | | 2.21 | | | | .44 | |
Class 529-F-2 – actual return | | | 1,000.00 | | | | 1,014.56 | | | | 1.50 | | | | .30 | |
Class 529-F-2 – assumed 5% return | | | 1,000.00 | | | | 1,023.31 | | | | 1.51 | | | | .30 | |
Class 529-F-3 – actual return | | | 1,000.00 | | | | 1,014.57 | | | | 1.45 | | | | .29 | |
Class 529-F-3 – assumed 5% return | | | 1,000.00 | | | | 1,023.36 | | | | 1.45 | | | | .29 | |
Class R-1 – actual return | | | 1,000.00 | | | | 1,009.45 | | | | 6.58 | | | | 1.32 | |
Class R-1 – assumed 5% return | | | 1,000.00 | | | | 1,018.25 | | | | 6.61 | | | | 1.32 | |
Class R-2 – actual return | | | 1,000.00 | | | | 1,009.45 | | | | 6.58 | | | | 1.32 | |
Class R-2 – assumed 5% return | | | 1,000.00 | | | | 1,018.25 | | | | 6.61 | | | | 1.32 | |
Class R-2E – actual return | | | 1,000.00 | | | | 1,010.90 | | | | 5.14 | | | | 1.03 | |
Class R-2E – assumed 5% return | | | 1,000.00 | | | | 1,019.69 | | | | 5.16 | | | | 1.03 | |
Class R-3 – actual return | | | 1,000.00 | | | | 1,011.68 | | | | 4.39 | | | | .88 | |
Class R-3 – assumed 5% return | | | 1,000.00 | | | | 1,020.43 | | | | 4.41 | | | | .88 | |
Class R-4 – actual return | | | 1,000.00 | | | | 1,013.18 | | | | 2.90 | | | | .58 | |
Class R-4 – assumed 5% return | | | 1,000.00 | | | | 1,021.92 | | | | 2.91 | | | | .58 | |
Class R-5E – actual return | | | 1,000.00 | | | | 1,014.18 | | | | 1.90 | | | | .38 | |
Class R-5E – assumed 5% return | | | 1,000.00 | | | | 1,022.91 | | | | 1.91 | | | | .38 | |
Class R-5 – actual return | | | 1,000.00 | | | | 1,014.67 | | | | 1.40 | | | | .28 | |
Class R-5 – assumed 5% return | | | 1,000.00 | | | | 1,023.41 | | | | 1.40 | | | | .28 | |
Class R-6 – actual return | | | 1,000.00 | | | | 1,014.91 | | | | 1.15 | | | | .23 | |
Class R-6 – assumed 5% return | | | 1,000.00 | | | | 1,023.65 | | | | 1.15 | | | | .23 | |
* | The “expenses paid during period” are equal to the “annualized expense ratio,” multiplied by the average account value over the period, multiplied by the number of days in the period, and divided by 365 (to reflect the one-half year period). |
94 | The Bond Fund of America |
Approval of Investment Advisory and Service Agreement
The fund’s board has approved the continuation of the fund’s Investment Advisory and Service Agreement (the “agreement”) with Capital Research and Management Company (“CRMC”) for an additional one-year term through April 30, 2024. The board approved the agreement following the recommendation of the fund’s Contracts Committee (the “committee”), which is composed of all the fund’s independent board members. The board and the committee determined in the exercise of their business judgment that the fund’s advisory fee structure was fair and reasonable in relation to the services provided, and that approving the agreement was in the best interests of the fund and its shareholders.
In reaching this decision, the board and the committee took into account their interactions with CRMC as well as information furnished to them throughout the year and otherwise provided to them, as well as information prepared specifically in connection with their review of the agreement, and were advised by their independent counsel with respect to the matters considered. They considered the following factors, among others, but did not identify any single issue or particular piece of information that, in isolation, was the controlling factor, and each board and committee member did not necessarily attribute the same weight to each factor.
1. Nature, extent and quality of services
The board and the committee considered the depth and quality of CRMC’s investment management process, including its global research capabilities; the experience, capability and integrity of its senior management and other personnel; the low turnover rates of its key personnel; the overall financial strength and stability of CRMC and the Capital Group organization; the resources and systems CRMC devotes to investment management (the manner in which the fund’s assets are managed, including liquidity management), financial, investment operations, compliance, trading, proxy voting, shareholder communications, and other services; and the ongoing evolution of CRMC’s organizational structure designed to maintain and strengthen these qualities. The board and the committee also considered the nature, extent and quality of administrative and shareholder services provided by CRMC to the fund under the agreement and other agreements, as well as the benefits to fund shareholders from investing in a fund that is part of a large family of funds. The board and the committee considered the risks assumed by CRMC in providing services to the fund, including operational, business, financial, reputational, regulatory and litigation risks. The board and the committee concluded that the nature, extent and quality of the services provided by CRMC have benefited and should continue to benefit the fund and its shareholders.
2. Investment results
The board and the committee considered the investment results of the fund in light of its objective. They compared the fund’s investment results with those of other funds (including funds that currently form the basis of the Lipper index for the category in which the fund is included) and data such as relevant market and fund indexes over various periods (including the fund’s lifetime) through September 30, 2022. They generally placed greater emphasis on investment results over longer term periods. On the basis of this evaluation and the board’s and the committee’s ongoing review of investment results, and considering the relative market conditions during certain reporting periods, the board and the committee concluded that the fund’s investment results have been satisfactory for renewal of the agreement, and that CRMC’s record in managing the fund indicated that its continued management should benefit the fund and its shareholders.
3. Advisory fees and total expenses
The board and the committee compared the advisory fees and total expense levels of the fund to those of other relevant funds. They observed that the fund’s advisory fees and expenses generally compared favorably to those of other similar funds included in the comparable Lipper category. The board and the committee also considered the breakpoint discounts in the fund’s advisory fee structure that reduce the level of fees charged by CRMC to the fund as fund assets increase. In addition, they reviewed information regarding the effective advisory fees charged to non-mutual fund clients by CRMC and its affiliates. They noted that, to the extent there were differences between the advisory fees paid by the fund and the advisory fees paid by those clients, the differences appropriately reflected the investment, operational, regulatory and market differences between advising the fund and the other clients. The board and the committee concluded that the fund’s cost structure was fair and reasonable in relation to the services provided, as well as in relation to the risks assumed by the adviser in sponsoring and managing the fund, and that the fund’s shareholders receive reasonable value in return for the advisory fees and other amounts paid to CRMC by the fund.
The Bond Fund of America | 95 |
4. Ancillary benefits
The board and the committee considered a variety of other benefits that CRMC and its affiliates receive as a result of CRMC’s relationship with the fund and other American Funds, including fees for administrative services provided to certain share classes; fees paid to CRMC’s affiliated transfer agent; sales charges and distribution fees received and retained by the fund’s principal underwriter, an affiliate of CRMC; and possible ancillary benefits to CRMC and its institutional management affiliates in managing other investment vehicles. The board and the committee reviewed CRMC’s portfolio trading practices, noting that CRMC bears the cost of third-party research. The board and committee also noted that CRMC benefited from the use of commissions from portfolio transactions made on behalf of the fund to facilitate payment to certain broker-dealers for research to comply with regulatory requirements applicable to these firms, with all such amounts reimbursed by CRMC. The board and the committee took these ancillary benefits into account in evaluating the reasonableness of the advisory fees and other amounts paid to CRMC by the fund.
5. Adviser financial information
The board and the committee reviewed information regarding CRMC’s costs of providing services to the American Funds, including personnel, systems and resources of investment, compliance, trading, accounting and other administrative operations. They considered CRMC’s costs and related cost allocation methodology as well as its track record of investing in technology, infrastructure and staff to maintain and expand services and capabilities, respond to industry and regulatory developments, and attract and retain qualified personnel. They noted information regarding the compensation structure for CRMC’s investment professionals. They reviewed information on the profitability of the investment adviser and its affiliates. The board and the committee also compared CRMC’s profitability and compensation data to the reported results and data of a number of large, publicly held investment management companies. The board and the committee noted the competitiveness and cyclicality of both the mutual fund industry and the capital markets, and the importance in that environment of CRMC’s long-term profitability for maintaining its independence, company culture and management continuity. They further considered the breakpoint discounts in the fund’s advisory fee structure and CRMC’s sharing of potential economies of scale, or efficiencies, through breakpoints and other fee reductions and costs voluntarily absorbed. The board and the committee concluded that the fund’s advisory fee structure reflected a reasonable sharing of benefits between CRMC and the fund’s shareholders.
96 | The Bond Fund of America |
This page was intentionally left blank.
The Bond Fund of America | 97 |
This page was intentionally left blank.
98 | The Bond Fund of America |
This page was intentionally left blank.
The Bond Fund of America | 99 |
This page was intentionally left blank.
100 | The Bond Fund of America |
Office of the fund
333 South Hope Street
Los Angeles, CA 90071-1406
Investment adviser
Capital Research and Management Company
333 South Hope Street
Los Angeles, CA 90071-1406
Transfer agent for shareholder accounts
American Funds Service Company
(Write to the address nearest you.)
P.O. Box 6007
Indianapolis, IN 46206-6007
P.O. Box 2280
Norfolk, VA 23501-2280
Custodian of assets
JPMorgan Chase Bank
270 Park Avenue
New York, NY 10017-2070
Counsel
Morgan, Lewis & Bockius LLP
One Federal Street
Boston, MA 02110-1726
Independent registered public accounting firm
Deloitte & Touche LLP
695 Town Center Drive
Suite 1000
Costa Mesa, CA 92626-7188
Principal underwriter
American Funds Distributors, Inc.
333 South Hope Street
Los Angeles, CA 90071-1406
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or refer to the Capital Group website at capitalgroup.com.
“American Funds Proxy Voting Procedures and Principles” — which describes how we vote proxies relating to portfolio securities — is available on the American Funds website or upon request by calling AFS. The fund files its proxy voting record with the U.S. Securities and Exchange Commission (SEC) for the 12 months ended June 30 by August 31. The proxy voting record is available free of charge on the SEC website at sec.gov or our website.
The Bond Fund of America files a complete list of its portfolio holdings with the SEC for the first and third quarters of each fiscal year on NPORT-P. The list of portfolio holdings is available free of charge on the SEC website and on our website.
This report is for the information of shareholders of The Bond Fund of America, but it also may be used as sales literature when preceded or accompanied by the current prospectus or summary prospectus, which gives details about charges, expenses, investment objectives and operating policies of the fund. If used as sales material after September 30, 2023, this report must be accompanied by an American Funds statistical update for the most recently completed calendar quarter.
Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg’s licensors approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
American Funds Distributors, Inc.
The Capital Advantage®
Since 1931, Capital Group, home of American Funds, has helped investors pursue long-term investment success. Our consistent approach — in combination with The Capital SystemTM — has resulted in superior outcomes.
| Aligned with investor success |
| We base our decisions on a long-term perspective, which we believe aligns our goals with the interests of our clients. Our portfolio managers average 28 years of investment industry experience, including 22 years at our company, reflecting a career commitment to our long-term approach.1 |
| |
| The Capital System |
| The Capital System combines individual accountability with teamwork. Funds using The Capital System are divided into portions that are managed independently by investment professionals with diverse backgrounds, ages and investment approaches. An extensive global research effort is the backbone of our system. |
| |
| American Funds’ superior outcomes |
| Equity-focused funds have beaten their Lipper peer indexes in 90% of 10-year periods and 99% of 20-year periods.2 Relative to their peers, our fixed income funds have helped investors achieve better diversification through attention to correlation between bonds and equities.3 Fund management fees have been among the lowest in the industry.4 |
| 1 | Investment industry experience as of December 31, 2022. |
| 2 | Based on Class F-2 share results for rolling monthly 10- and 20-year periods starting with the first 10- or 20-year period after each mutual fund’s inception through December 31, 2022. Periods covered are the shorter of the fund’s lifetime or since the comparable Lipper index inception date (except Capital Income Builder and SMALLCAP World Fund, for which the Lipper average was used). Expenses differ for each share class, so results will vary. Past results are not predictive of results in future periods. |
| 3 | Based on Class F-2 share results as of December 31, 2022. Sixteen of the 18 fixed income American Funds that have been in existence for the three-year period showed a three-year correlation lower than their respective Morningstar peer group averages. S&P 500 Index was used as an equity market proxy. Correlation based on monthly total returns. Correlation is a statistical measure of how two securities move in relation to each other. A correlation ranges from –1 to 1. A positive correlation close to 1 implies that as one security moves, either up or down, the other security will move in “lockstep,” in the same direction. A negative correlation close to –1 indicates that the securities have moved in the opposite direction. |
| 4 | On average, our mutual fund management fees were in the lowest quintile 62% of the time, based on the 20-year period ended December 31, 2022, versus comparable Lipper categories, excluding funds of funds. |
Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund without a sales charge, adjusted for typical estimated expenses. Results for certain funds with an inception date after August 1, 2008, also include hypothetical returns because those funds’ Class F-2 shares sold after the funds’ date of first offering. Refer to capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
ITEM 2 – Code of Ethics
Not applicable for filing of semi-annual reports to shareholders.
ITEM 3 – Audit Committee Financial Expert
Not applicable for filing of semi-annual reports to shareholders.
ITEM 4 – Principal Accountant Fees and Services
Not applicable for filing of semi-annual reports to shareholders.
ITEM 5 – Audit Committee of Listed Registrants
Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.
ITEM 6 – Schedule of Investments
Not applicable, insofar as the schedule is included as part of the report to shareholders filed under Item 1 of this Form.
ITEM 7 – Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 8 – Portfolio Managers of Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 9 – Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 10 – Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ‘‘interested persons’’ of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board’s composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. While the committee normally is able to identify from its own resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant’s Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.
ITEM 11 – Controls and Procedures
(a) | The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule. |
| |
(b) | There were no changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s semi-annual period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
ITEM 12 – Exhibits
(a)(1) | Not applicable for filing of semi-annual reports to shareholders. |
| |
(a)(2) | The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| THE BOND FUND OF AMERICA |
| |
| By __/s/ Kristine M. Nishiyama____________________ |
| Kristine M. Nishiyama, Principal Executive Officer |
| |
| Date: August 31, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By __/s/ Kristine M. Nishiyama_________________ |
Kristine M. Nishiyama, Principal Executive Officer |
|
Date: August 31, 2023 |
By ___/s/ Becky L. Park __________ |
Becky L. Park, Treasurer and Principal Financial Officer |
|
Date: August 31, 2023 |