Form N-CSR Cover
Form N-CSR Cover | 12 Months Ended |
May 31, 2024 | |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | American Funds Corporate Bond Fund |
Entity Central Index Key | 0001553195 |
Entity Investment Company Type | N-1A |
Document Period End Date | May 31, 2024 |
Shareholder Report
Shareholder Report | 12 Months Ended |
May 31, 2024 USD ($) Holdings | |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | American Funds Corporate Bond Fund |
Entity Central Index Key | 0001553195 |
Entity Investment Company Type | N-1A |
Document Period End Date | May 31, 2024 |
American Funds Corporate Bond Fund Class 529-A | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class 529-A |
Trading Symbol | COBAX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-529A |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-529A |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class 529-A $ 0.74 % |
Expenses Paid, Amount | $ 75 |
Expense Ratio, Percent | 0.74% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class 529-A shares gained 2.82% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-529A What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class 529-A (with sales charge) 2 -0.78 % 0.12 % 0.90 % American Funds Corporate Bond Fund — Class 529-A (without sales charge) 2 2.82 0.83 1.35 Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results 1 Class 529-A shares were first offered on 2 3 |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class 529-C | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class 529-C |
Trading Symbol | COBCX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-529C |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-529C |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class 529-C $ 1.49 % |
Expenses Paid, Amount | $ 151 |
Expense Ratio, Percent | 1.49% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class 529-C shares gained 2.05% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-529C What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class 529-C (with sales charge) 2 1.06 % 0.07 % 0.87 % American Funds Corporate Bond Fund — Class 529-C (without sales charge) 2 2.05 0.07 0.87 Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class 529-C shares were first offered on 2 sults 3 |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class 529-E | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class 529-E |
Trading Symbol | COBEX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-529E |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-529E |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class 529-E $ 0.92 % |
Expenses Paid, Amount | $ 93 |
Expense Ratio, Percent | 0.92% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class 529-E shares gained 2.64% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-529E What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class 529-E 2 2.64 % 0.64 % 1.17 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class 529-E shares were first offered on 2 cabl 3 |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class 529-F-1 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class 529-F-1 |
Trading Symbol | COBFX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-529F1 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-529F1 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class 529-F-1 $ 0.49 % |
Expenses Paid, Amount | $ 50 |
Expense Ratio, Percent | 0.49% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class 529-F-1 shares gained 3.07% for the year ended May 31, 2024. That r esu capitalgroup.com/mutual-fund-returns-529F1 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class 529-F-1 2 3.07 % 1.07 % 1.59 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index 1 Class 529-F-1 shares were first o ffer 2 3 s n |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector ce *Includes derivatives. |
American Funds Corporate Bond Fund Class 529-F-2 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class 529-F-2 |
Trading Symbol | FFBBX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-529F2 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-529F2 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class 529-F-2 $ 0.43 % |
Expenses Paid, Amount | $ 44 |
Expense Ratio, Percent | 0.43% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class 529-F-2 shares gained capitalgroup.com/mutual-fund-returns-529F2 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year Since inception 1 American Funds Corporate Bond Fund — Class 529-F-2 2 3.14 % -2.76 % Bloomberg U.S. Aggregate Index 3 1.31 -2.93 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 -2.20 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class 529-F-2 shares were first off 2 3 |
Performance Inception Date | Oct. 30, 2020 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class 529-F-3 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class 529-F-3 |
Trading Symbol | FBCDX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-529F3 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-529F3 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class 529-F-3 $ 0.36 % |
Expenses Paid, Amount | $ 37 |
Expense Ratio, Percent | 0.36% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class 529-F-3 shares gained 3.20% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-529F3 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year Since inception 1 American Funds Corporate Bond Fund — Class 529-F-3 2 3.20 % -2.71 % Bloomberg U.S. Aggregate Index 3 1.31 -2.93 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 -2.20 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class 529-F-3 shares were first offered on 2 3 as n |
Performance Inception Date | Oct. 30, 2020 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class 529-T | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class 529-T |
Trading Symbol | TABBX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class 529-T $ 0.51 % |
Expenses Paid, Amount | $ 52 |
Expense Ratio, Percent | 0.51% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class 529-T shares gained 3.05% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class 529-T (with sales charge) 2 0.48 % 0.56 % 1.63 % American Funds Corporate Bond Fund — Class 529-T (without sales charge) 2 3.05 1.07 1.99 Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.89 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.99 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class 529-T shares were first offered on 2 3 xp |
Performance Inception Date | Apr. 07, 2017 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class A | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class A |
Trading Symbol | BFCAX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-A |
Material Fund Change Notice [Text Block] | This report describes changes to the fund that occurred during the reporting period. |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-A |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class A $ 0.72 % |
Expenses Paid, Amount | $ 73 |
Expense Ratio, Percent | 0.72% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class A shares gained 2.83% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-A What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years 10 years American Funds Corporate Bond Fund — Class A (with sales charge) * -1.07 % 0.07 % 1.98 % American Funds Corporate Bond Fund — Class A (without sales charge) * 2.83 0.84 2.37 Bloomberg U.S. Aggregate Index † 1.31 -0.17 1.26 Bloomberg U.S. Corporate Investment Grade Index † 4.40 0.98 2.28 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. * † ns |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Material Change Date | Jun. 01, 2023 |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
Material Fund Change [Text Block] | Material fund changes This is a summary of certain changes to the fund since June 1, 2023. For more complete information, you may review the fund’s next prospectus, which we expect to be available by August 1, capitalgroup.com/mutual-fund-literature-A |
Updated Prospectus Phone Number | (800) 421-4225 |
Updated Prospectus Web Address | capitalgroup.com/mutual-fund-literature-A |
American Funds Corporate Bond Fund Class C | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class C |
Trading Symbol | BFCCX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-C |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-C |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class C $ 1.45 % |
Expenses Paid, Amount | $ 147 |
Expense Ratio, Percent | 1.45% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class C shares gained 2.09% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-C What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class C (with sales charge) 2 1.10 % 0.12 % 0.65 % American Funds Corporate Bond Fund — Class C (without sales charge) 2 2.09 0.12 0.65 Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class C shares were first offered on 2 pens 3 |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class F-1 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class F-1 |
Trading Symbol | BFCFX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-F1 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-F1 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class F-1 $ 0.70 % |
Expenses Paid, Amount | $ 71 |
Expense Ratio, Percent | 0.70% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class F-1 shares gained 2.86% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-F1 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class F-1 2 2.86 % 0.87 % 1.38 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class F-1 shares were first offered on 2 3 show |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class F-2 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class F-2 |
Trading Symbol | BFCGX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-F2 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-F2 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class F-2 $ 0.43 % |
Expenses Paid, Amount | $ 44 |
Expense Ratio, Percent | 0.43% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class F-2 shares gained 3.13% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-F2 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class F-2 2 3.13 % 1.13 % 1.66 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class F-2 shares were first offered on 2 3 ed, |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class F-3 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class F-3 |
Trading Symbol | CFBFX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-F3 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-F3 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class F-3 $ 0.32 % |
Expenses Paid, Amount | $ 33 |
Expense Ratio, Percent | 0.32% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class F-3 shares gained 3.25% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-F3 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class F-3 2 3.25 % 1.24 % 2.28 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.99 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 2.10 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class F-3 shares were first offered on 2 3 here |
Performance Inception Date | Jan. 27, 2017 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector ts) *Includes derivatives. |
American Funds Corporate Bond Fund Class R-1 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class R-1 |
Trading Symbol | RCBAX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R1 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-R1 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class R-1 $ 1.41 % |
Expenses Paid, Amount | $ 143 |
Expense Ratio, Percent | 1.41% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class R-1 shares gained 2.13% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R1 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class R-1 2 2.13 % 0.16 % 0.79 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class R-1 shares were first offered on 2 3 aged, a |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector ts) *Includes derivatives. |
American Funds Corporate Bond Fund Class R-2 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class R-2 |
Trading Symbol | RCBBX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R2 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-R2 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class R-2 $ 1.40 % |
Expenses Paid, Amount | $ 142 |
Expense Ratio, Percent | 1.40% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class R-2 shares gained 2.15% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R2 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class R-2 2 2.15 % 0.16 % 0.73 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class R-2 shares were first offered on 2 flect a 3 |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class R-2E | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class R-2E |
Trading Symbol | RCBGX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R2E |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-R2E |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class R-2E $ 1.12 % |
Expenses Paid, Amount | $ 113 |
Expense Ratio, Percent | 1.12% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class R-2E shares gained 2.44% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R2E What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class R-2E 2 2.44 % 0.44 % 1.09 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class R-2E shares were first offered on 2 3 |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Fund net assets (in millions $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class R-3 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class R-3 |
Trading Symbol | RCBCX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R3 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-R3 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class R-3 $ 0.95 % |
Expenses Paid, Amount | $ 96 |
Expense Ratio, Percent | 0.95% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class R-3 shares gained 2.60% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R3 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class R-3 2 2.60 % 0.59 % 1.15 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. 1 Class R-3 shares were first offered on 2 expenses n ap 3 |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg U.S. Corporate Investment Grade Index (the "Previous Primary Benchmark") to the Bloomberg U.S. Aggregate Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change. |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector s) *Includes derivatives. |
American Funds Corporate Bond Fund Class T | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class T |
Trading Symbol | TFBBX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class T $ 0.44 % |
Expenses Paid, Amount | $ 45 |
Expense Ratio, Percent | 0.44% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class T shares gained 3.12% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class T (with sales charge) 2 0.54 % 0.62 % 1.69 % American Funds Corporate Bond Fund — Class T (without sales charge) 2 3.12 1.13 2.05 Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.89 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.99 Effective July 24, 2024, the fund's primary benchmark changed 1 Class T shares were first offered on 2 3 |
Performance Inception Date | Apr. 07, 2017 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio *Includes derivatives. |
American Funds Corporate Bond Fund Class R-5E | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class R-5E |
Trading Symbol | RCBHX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R5E |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-R5E |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class R-5E $ 0.47 % |
Expenses Paid, Amount | $ 48 |
Expense Ratio, Percent | 0.47% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class R-5E shares gained 3.10% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns- R5E What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class R-5E 2 3.10 % 1.09 % 1.64 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg 1 Class R-5E shares were first offered on 2 3 |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the Bloomberg |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class R-6 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class R-6 |
Trading Symbol | RCBFX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R6 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-R6 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class R-6 $ 0.32 % |
Expenses Paid, Amount | $ 33 |
Expense Ratio, Percent | 0.32% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class R-6 shares gained 3.25% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R6 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class R-6 2 3.25 % 1.24 % 1.74 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark Bloomberg 1 Class R-6 shares were first offered on 2 3 |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark Bloomberg |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class R-5 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class R-5 |
Trading Symbol | RCBEX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R5 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-R5 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class R-5 $ 0.37 % |
Expenses Paid, Amount | $ 38 |
Expense Ratio, Percent | 0.37% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class R-5 shares gained 3.20% for the year ended May 31, 2024. That result compares capitalgroup.com/mutual-fund-returns-R5 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class R-5 2 3.20 % 1.19 % 1.71 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed from the 1 Class R-5 shares were first offered on 2 3 index Services |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed from the |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
American Funds Corporate Bond Fund Class R-4 | |
Shareholder Report [Line Items] | |
Fund Name | American Funds Corporate Bond Fund® |
Class Name | Class R-4 |
Trading Symbol | RCBDX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about American Funds Corporate Bond Fund for the period from June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R4 |
Additional Information Phone Number | (800) 421-4225 |
Additional Information Website | capitalgroup.com/mutual-fund-literature-R4 |
Expenses [Text Block] | What were the fund costs for the last year? Share class Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class R-4 $ 0.66 % |
Expenses Paid, Amount | $ 67 |
Expense Ratio, Percent | 0.66% |
Factors Affecting Performance [Text Block] | Management's discussion of fund performance The fund’s Class R-4 shares gained 2.90% for the year ended May 31, 2024. That result compares with a 4.40% gain for the Bloomberg U.S. Corporate Investment Grade Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R4 What factors influenced results Since October 2023, U.S. Treasury rates have mostly remained near their highest levels of the last fifteen years. Corporate bond market valuations appeared inflated as corporate credit spreads narrowed, and investors have been drawn in with anticipation that prices will rally once interest rates begin to fall. Most of the fund’s sectors added positive returns to the portfolio, with holdings in government-related bonds, emerging markets debt and REITs being particularly additive. Likewise, holdings in banking, municipal and securitized bonds saw returns surpassing those of the overall portfolio. Conversely, investments in U.S. Treasury bonds detracted from absolute returns due to a modest increase in long-term yields during the period. Duration positioning, along with exposure to interest rate and credit derivatives, also negatively impacted the fund’s overall results. |
Performance Past Does Not Indicate Future [Text] | The fund’s past performance is not a predictor of its future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average annual total returns 1 year 5 years Since inception 1 American Funds Corporate Bond Fund — Class R-4 2 2.90 % 0.89 % 1.43 % Bloomberg U.S. Aggregate Index 3 1.31 -0.17 0.53 Bloomberg U.S. Corporate Investment Grade Index 3 4.40 0.98 1.62 Effective July 24, 2024, the fund's primary benchmark changed Bloomberg 1 Class R-4 shares were first offered on 2 3 |
Performance Inception Date | Jul. 29, 2016 |
No Deduction of Taxes [Text Block] | The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Performance Table Market Index Changed [Text Block] | Effective July 24, 2024, the fund's primary benchmark changed Bloomberg |
Net Assets | $ 1,836,000,000 |
Holdings Count | Holdings | 737 |
Advisory Fees Paid, Amount | $ 5,000,000 |
Investment Company, Portfolio Turnover | 191% |
Additional Fund Statistics [Text Block] | Key fund statistics Fund net assets (in millions) $ Total number of portfolio holdings 737 Total advisory fees paid (in millions) $ Portfolio turnover rate 191 % |
Holdings [Text Block] | Portfolio holdings by sector *Includes derivatives. |
Shareholder Report, Line Graph
Shareholder Report, Line Graph (Details) - USD ($) | 12 Months Ended | 43 Months Ended | 60 Months Ended | 86 Months Ended | 88 Months Ended | 94 Months Ended | 120 Months Ended | ||||||||||||||||||||||
May 31, 2024 | May 31, 2024 | May 31, 2024 | May 31, 2024 | May 31, 2024 | May 31, 2024 | May 31, 2024 | Nov. 30, 2023 | May 31, 2023 | Nov. 30, 2022 | May 31, 2022 | Nov. 30, 2021 | May 31, 2021 | Oct. 30, 2020 | May 31, 2020 | May 31, 2019 | May 31, 2018 | May 31, 2017 | Apr. 07, 2017 | Jan. 27, 2017 | Jul. 29, 2016 | May 31, 2016 | May 31, 2015 | May 31, 2014 | ||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class 529-F-1 | ||||||||||||||||||||||||||||
American Funds Corporate Bond Fund Class 529-A | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class 529-A (with sales charge) | ||||||||||||||||||||||||||||
Account Value | $ 10,723 | $ 10,723 | $ 10,723 | $ 10,723 | $ 10,723 | $ 10,723 | $ 10,723 | $ 10,429 | $ 10,622 | $ 11,864 | $ 11,737 | $ 10,287 | $ 9,585 | $ 9,655 | $ 9,650 | ||||||||||||||
Average Annual Return, Percent | [1] | (0.78%) | 0.12% | 0.90% | [2] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class 529-A | Without Sales Load [Member] | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class 529-A (without sales charge) | ||||||||||||||||||||||||||||
Average Annual Return, Percent | [1] | 2.82% | 0.83% | 1.35% | [2] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class 529-C | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class 529-C (with sales charge) | ||||||||||||||||||||||||||||
Account Value | $ 10,707 | 10,707 | $ 10,707 | 10,707 | 10,707 | $ 10,707 | 10,707 | 10,413 | 10,606 | 11,860 | 11,823 | 10,440 | 9,806 | 9,952 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 1.06% | 0.07% | 0.87% | [3] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class 529-C | Without Sales Load [Member] | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class 529-C (without sales charge) | ||||||||||||||||||||||||||||
Average Annual Return, Percent | [1] | 2.05% | 0.07% | 0.87% | [3] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class 529-E | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class 529-E | ||||||||||||||||||||||||||||
Account Value | $ 10,957 | 10,957 | $ 10,957 | 10,957 | 10,957 | $ 10,957 | 10,957 | 10,675 | 10,893 | 12,190 | 12,085 | 10,611 | 9,908 | 9,998 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 2.64% | 0.64% | 1.17% | [4] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class 529-F-1 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Account Value | $ 11,319 | 11,319 | $ 11,319 | 11,319 | 11,319 | $ 11,319 | 11,319 | 10,982 | 11,157 | 12,436 | 12,277 | 10,734 | 9,982 | 10,030 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 3.07% | 1.07% | 1.59% | [5] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class 529-F-2 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class 529-F-2 | ||||||||||||||||||||||||||||
Account Value | $ 9,047 | $ 9,047 | $ 9,047 | 9,047 | 9,047 | $ 9,047 | 9,047 | $ 8,792 | 8,772 | $ 8,553 | 8,905 | $ 10,108 | 9,918 | $ 10,000 | |||||||||||||||
Average Annual Return, Percent | [1] | 3.14% | (2.76%) | [6] | |||||||||||||||||||||||||
American Funds Corporate Bond Fund Class 529-F-3 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class 529-F-3 | ||||||||||||||||||||||||||||
Account Value | $ 9,063 | $ 9,063 | 9,063 | 9,063 | 9,063 | 9,063 | 9,063 | $ 8,805 | 8,782 | $ 8,561 | 8,911 | $ 10,112 | 9,920 | $ 10,000 | |||||||||||||||
Average Annual Return, Percent | [1] | 3.20% | (2.71%) | [7] | |||||||||||||||||||||||||
American Funds Corporate Bond Fund Class 529-T | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class 529-T (with sales charge) | ||||||||||||||||||||||||||||
Account Value | $ 11,222 | $ 11,222 | $ 11,222 | $ 11,222 | 11,222 | 11,222 | 11,222 | 10,890 | 11,063 | 12,327 | 12,169 | 10,640 | 9,896 | 9,942 | $ 9,751 | ||||||||||||||
Average Annual Return, Percent | [1] | 0.48% | 0.56% | 1.63% | [8] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class 529-T | Without Sales Load [Member] | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class 529-T (without sales charge) | ||||||||||||||||||||||||||||
Average Annual Return, Percent | [1] | 3.05% | 1.07% | 1.99% | [8] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class A | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class A (with sales charge) | ||||||||||||||||||||||||||||
Account Value | $ 12,165 | 12,165 | $ 12,165 | $ 12,165 | 12,165 | 12,165 | $ 12,165 | 11,830 | 12,043 | 13,451 | 13,309 | 11,664 | 10,869 | 10,939 | $ 10,528 | $ 9,960 | $ 9,629 | ||||||||||||
Average Annual Return, Percent | [1] | (1.07%) | 0.07% | 1.98% | |||||||||||||||||||||||||
American Funds Corporate Bond Fund Class A | Without Sales Load [Member] | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class A (without sales charge) | ||||||||||||||||||||||||||||
Average Annual Return, Percent | [1] | 2.83% | 0.84% | 2.37% | |||||||||||||||||||||||||
American Funds Corporate Bond Fund Class C | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class C (with sales charge) | ||||||||||||||||||||||||||||
Account Value | $ 10,518 | 10,518 | $ 10,518 | 10,518 | 10,518 | $ 10,518 | $ 10,518 | 10,303 | 10,568 | 11,888 | 11,844 | 10,453 | 9,813 | 9,954 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 1.10% | 0.12% | 0.65% | [9] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class C | Without Sales Load [Member] | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class C (without sales charge) | ||||||||||||||||||||||||||||
Average Annual Return, Percent | [1] | 2.09% | 0.12% | 0.65% | [9] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class F-1 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class F-1 | ||||||||||||||||||||||||||||
Account Value | $ 11,136 | 11,136 | $ 11,136 | 11,136 | 11,136 | $ 11,136 | 11,136 | 10,826 | 11,021 | 12,308 | 12,173 | 10,666 | 9,941 | 10,009 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 2.86% | 0.87% | 1.38% | [10] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class F-2 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class F-2 | ||||||||||||||||||||||||||||
Account Value | $ 11,374 | 11,374 | $ 11,374 | 11,374 | 11,374 | $ 11,374 | 11,374 | 11,029 | 11,199 | 12,474 | 12,305 | 10,753 | 9,993 | 10,034 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 3.13% | 1.13% | 1.66% | [11] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class F-3 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class F-3 | ||||||||||||||||||||||||||||
Account Value | $ 11,795 | 11,795 | $ 11,795 | 11,795 | $ 11,795 | $ 11,795 | 11,795 | 11,424 | 11,586 | 12,890 | 12,704 | 11,090 | 10,296 | 10,329 | $ 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 3.25% | 1.24% | 2.28% | [12] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class R-1 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class R-1 | ||||||||||||||||||||||||||||
Account Value | $ 10,639 | 10,639 | $ 10,639 | 10,639 | $ 10,639 | $ 10,639 | 10,639 | 10,418 | 10,683 | 12,015 | 11,967 | 10,553 | 9,896 | 10,015 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 2.13% | 0.16% | 0.79% | [13] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class R-2 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class R-2 | ||||||||||||||||||||||||||||
Account Value | $ 10,588 | 10,588 | $ 10,588 | 10,588 | 10,588 | $ 10,588 | 10,588 | 10,365 | 10,627 | 11,951 | 11,904 | 10,503 | 9,855 | 9,989 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 2.15% | 0.16% | 0.73% | [14] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class R-2E | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class R-2E | ||||||||||||||||||||||||||||
Account Value | $ 10,887 | 10,887 | $ 10,887 | 10,887 | 10,887 | $ 10,887 | 10,887 | 10,628 | 10,866 | 12,187 | 12,107 | 10,651 | 9,963 | 10,036 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 2.44% | 0.44% | 1.09% | [15] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class R-3 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class R-3 | ||||||||||||||||||||||||||||
Account Value | $ 10,934 | 10,934 | $ 10,934 | 10,934 | 10,934 | $ 10,934 | 10,934 | 10,657 | 10,879 | 12,182 | 12,082 | 10,615 | 9,918 | 10,010 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 2.60% | 0.59% | 1.15% | [16] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class R-5E | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class R-5E | ||||||||||||||||||||||||||||
Account Value | $ 11,358 | 11,358 | $ 11,358 | 11,358 | 11,358 | $ 11,358 | 11,358 | 11,016 | 11,190 | 12,468 | 12,308 | 10,761 | 10,002 | 10,037 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 3.10% | 1.09% | 1.64% | [17] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class T | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class T (with sales charge) | ||||||||||||||||||||||||||||
Account Value | $ 11,272 | 11,272 | $ 11,272 | $ 11,272 | 11,272 | $ 11,272 | 11,272 | 10,932 | 11,094 | 12,357 | 12,193 | 10,656 | 9,903 | 9,943 | $ 9,751 | ||||||||||||||
Average Annual Return, Percent | [1] | 0.54% | 0.62% | 1.69% | [18] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class T | Without Sales Load [Member] | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class T (without sales charge) | ||||||||||||||||||||||||||||
Average Annual Return, Percent | [1] | 3.12% | 1.13% | 2.05% | [18] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class R-6 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class R-6 | ||||||||||||||||||||||||||||
Account Value | $ 11,448 | 11,448 | $ 11,448 | $ 11,448 | 11,448 | $ 11,448 | 11,448 | 11,087 | 11,246 | 12,511 | 12,331 | 10,764 | 9,995 | 10,030 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 3.25% | 1.24% | 1.74% | [19] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class R-5 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class R-5 | ||||||||||||||||||||||||||||
Account Value | $ 11,418 | 11,418 | $ 11,418 | 11,418 | 11,418 | $ 11,418 | 11,418 | 11,064 | 11,227 | 12,498 | 12,324 | 10,764 | 9,997 | 10,035 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 3.20% | 1.19% | 1.71% | [20] | ||||||||||||||||||||||||
American Funds Corporate Bond Fund Class R-4 | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | American Funds Corporate Bond Fund — Class R-4 | ||||||||||||||||||||||||||||
Account Value | $ 11,177 | 11,177 | $ 11,177 | 11,177 | 11,177 | $ 11,177 | 11,177 | 10,862 | 11,054 | 12,341 | 12,204 | 10,691 | 9,960 | 10,026 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [1] | 2.90% | 0.89% | 1.43% | [21] | ||||||||||||||||||||||||
Bloomberg US Aggregate Index [Member] | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | Bloomberg U.S. Aggregate Index | ||||||||||||||||||||||||||||
Account Value | $ 10,421 | $ 10,421 | $ 10,421 | $ 10,421 | $ 10,421 | $ 10,421 | $ 10,421 | 10,287 | 10,512 | 11,454 | 11,501 | 10,511 | 9,879 | 9,916 | 10,000 | ||||||||||||||
Average Annual Return, Percent | [22] | 1.31% | (2.93%) | [6] | (0.17%) | 0.89% | [8] | 0.99% | [12] | 0.53% | [2] | 1.26% | |||||||||||||||||
Bloomberg US Corporate Investment Grade Index [Member] | |||||||||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||||||||
Line Graph and Table Measure Name | Bloomberg U.S. Corporate Investment Grade Index | ||||||||||||||||||||||||||||
Account Value | $ 11,345 | $ 11,345 | $ 11,345 | $ 11,345 | $ 11,345 | $ 11,345 | $ 11,345 | $ 10,866 | $ 11,054 | $ 12,321 | $ 11,888 | $ 10,805 | $ 10,056 | $ 10,050 | $ 10,000 | ||||||||||||||
Average Annual Return, Percent | [22] | 4.40% | (2.20%) | [6] | 0.98% | 1.99% | [8] | 2.10% | [12] | 1.62% | [2] | 2.28% | |||||||||||||||||
[1]Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.[2]Class 529-A shares were first offered on July 29, 2016.[3]Class 529-C shares were first offered on July 29, 2016.[4]Class 529-E shares were first offered on July 29, 2016.[5]Class 529-F-1 shares were first offered on July 29, 2016.[6]Class 529-F-2 shares were first offered on October 30, 2020.[7]Class 529-F-3 shares were first offered on October 30, 2020.[8]Class 529-T shares were first offered on April 7, 2017.[9]Class C shares were first offered on July 29, 2016.[10]Class F-1 shares were first offered on July 29, 2016.[11]Class F-2 shares were first offered on July 29, 2016.[12]Class F-3 shares were first offered on January 27, 2017.[13]Class R-1 shares were first offered on July 29, 2016.[14]Class R-2 shares were first offered on July 29, 2016.[15]Class R-2E shares were first offered on July 29, 2016.[16]Class R-3 shares were first offered on July 29, 2016.[17]Class R-5E shares were first offered on July 29, 2016.[18]Class T shares were first offered on April 7, 2017.[19]Class R-6 shares were first offered on July 29, 2016.[20]Class R-5 shares were first offered on July 29, 2016.[21]Class R-4 shares were first offered on July 29, 2016.[22]Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd. |
Shareholder Report, Holdings (D
Shareholder Report, Holdings (Details) | May 31, 2024 | May 31, 2023 | |
American Funds Corporate Bond Fund Class 529-A | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class 529-A | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class 529-A | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class 529-A | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class 529-A | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class 529-A | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class 529-A | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class 529-A | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class 529-A | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class 529-C | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class 529-C | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class 529-C | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class 529-C | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class 529-C | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class 529-C | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class 529-C | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class 529-C | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class 529-C | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class 529-E | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class 529-E | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class 529-E | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class 529-E | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class 529-E | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class 529-E | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class 529-E | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class 529-E | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class 529-E | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class 529-F-1 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class 529-F-1 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class 529-F-1 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class 529-F-1 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class 529-F-1 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class 529-F-1 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class 529-F-1 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class 529-F-1 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class 529-F-1 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class 529-F-2 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class 529-F-2 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class 529-F-2 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class 529-F-2 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class 529-F-2 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class 529-F-2 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class 529-F-2 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class 529-F-2 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class 529-F-2 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class 529-F-3 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class 529-F-3 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class 529-F-3 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class 529-F-3 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class 529-F-3 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class 529-F-3 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class 529-F-3 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class 529-F-3 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class 529-F-3 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class 529-T | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class 529-T | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class 529-T | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class 529-T | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class 529-T | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class 529-T | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class 529-T | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class 529-T | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class 529-T | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class A | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class A | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class A | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class A | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class A | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class A | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class A | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class A | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class A | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class C | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class C | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class C | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class C | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class C | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class C | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class C | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class C | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class C | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class F-1 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class F-1 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class F-1 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class F-1 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class F-1 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class F-1 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class F-1 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class F-1 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class F-1 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class F-2 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class F-2 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class F-2 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class F-2 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class F-2 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class F-2 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class F-2 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class F-2 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class F-2 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class F-3 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class F-3 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class F-3 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class F-3 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class F-3 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class F-3 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class F-3 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class F-3 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class F-3 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class R-1 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class R-1 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class R-1 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class R-1 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class R-1 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class R-1 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class R-1 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class R-1 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class R-1 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class R-2 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class R-2 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class R-2 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class R-2 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class R-2 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class R-2 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class R-2 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class R-2 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class R-2 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class R-2E | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class R-2E | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class R-2E | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class R-2E | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class R-2E | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class R-2E | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class R-2E | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class R-2E | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class R-2E | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class R-3 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class R-3 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class R-3 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class R-3 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class R-3 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class R-3 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class R-3 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class R-3 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class R-3 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class R-5E | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class R-5E | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class R-5E | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class R-5E | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class R-5E | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class R-5E | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class R-5E | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class R-5E | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class R-5E | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class R-6 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class R-6 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class R-6 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class R-6 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class R-6 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class R-6 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class R-6 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class R-6 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class R-6 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class R-5 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class R-5 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class R-5 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class R-5 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class R-5 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class R-5 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class R-5 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class R-5 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class R-5 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class T | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class T | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class T | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class T | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class T | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class T | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class T | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class T | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class T | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
American Funds Corporate Bond Fund Class R-4 | Financial Services Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 18.80% | ||
American Funds Corporate Bond Fund Class R-4 | Healthcare Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 17% | ||
American Funds Corporate Bond Fund Class R-4 | Utilities Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 13.20% | ||
American Funds Corporate Bond Fund Class R-4 | Industrial Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.40% | ||
American Funds Corporate Bond Fund Class R-4 | Consumer Staples Sector [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 5.40% | ||
American Funds Corporate Bond Fund Class R-4 | Corporate Bond Securities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 21.20% | ||
American Funds Corporate Bond Fund Class R-4 | US Treasury Bonds And Notes [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 8.30% | ||
American Funds Corporate Bond Fund Class R-4 | Other Security Investments [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | 1.20% | ||
American Funds Corporate Bond Fund Class R-4 | Short Term Securities and Other Assets Less Liabilities [Member] | |||
Holdings [Line Items] | |||
Percent of Net Asset Value | [1] | 6.50% | |
[1]Includes derivatives. |