Shareholder Report
Jan. 31, 2026
USD ($)
Holding
capitalgroup.com/mutual-fund-literature-A
. You can also request this information by contacting us at (800) 421-4225
.
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)| Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class A | $ 22 | 0.43 % * |
*Annualized.
Key fund statistics
| Fund net assets (in millions) | $ 2,293 |
| Total number of portfolio holdings | 1,233 |
| Portfolio turnover rate | 27 % |
Portfolio quality summary
*
percent
of ne
t assets
)
*
Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch as an indication of an issuer’s creditworthiness. In assigning a credit rating to a security, the fund looks specifically to the ratings assigned to the issuer of the security by Standard & Poor’s, Moody’s and/or Fitch. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies. Securities in the “unrated“ category (above) have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with the fund’s investment policies.†
Includes derivatives.capitalgroup.com/mutual-fund-literature
. You can also request this information by contacting us at (800) 421-
4225
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)| Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class T | $ 14 | 0.28 % * |
*Annualized.
Key fund statistics
| Fund net assets (in millions) | $ 2,293 |
| Total number of portfolio holdings | 1,233 |
| Portfolio turnover rate | 27 % |
Portfolio quality summary
*
percent
of net assets
)
*
Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch as an indication of an issuer’s creditworthiness. In assigning a credit rating to a security, the fund looks specifically to the ratings assigned to the issuer of the security by Standard & Poor’s, Moody’s and/or Fitch. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies. Securities in the “unrated“ category (above) have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with the fund’s investment policies.†
Includes derivatives.capitalgroup.com/mutual-fund-literature-F1
. You can also request this information by contacting us at (800) 421-4225
.
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)| Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class F-1 | $ 31 | 0.61 % * |
*Annualized.
Key fund statistics
| Fund net assets (in millions) | $ 2,293 |
| Total number of portfolio holdings | 1,233 |
| Portfolio turnover rate | 27 % |
Portfolio quality summary
*
percent
of net assets
)
*
Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch as an indication of an issuer’s creditworthiness. In assigning a credit rating to a security, the fund looks specifically to the ratings assigned to the issuer of the security by Standard & Poor’s, Moody’s and/or Fitch. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies. Securities in the “unrated“ category (above) have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with the fund’s investment policies.†
Includes derivatives.capitalgroup.com/mutual-fund-literature-F2
. You can also request this information by contacting us at (800) 421-4225
.
What were the fund costs for the last six months?
(based on a hypothetical $10,000
investment
)| Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class F-2 | $ 16 | 0.31 % * |
*Annualized.
Key fund statistics
| Fund net assets (in millions) | $ 2,293 |
| Total number of portfolio holdings | 1,233 |
| Portfolio turnover rate | 27 % |
Portfolio quality summary
*
*
Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch as an indication of an issuer’s creditworthiness. In assigning a credit rating to a security, the fund looks specifically to the ratings assigned to the issuer of the security by Standard & Poor’s, Moody’s and/or Fitch. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies. Securities in the “unrated“ category (above) have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with the fund’s investment policies.†
Includes derivatives.capitalgroup.com/mutual-fund-literature-F3
. You can also request this information by contacting us at (800) 421-4225
.
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment
)| Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class F-3 | $ 13 | 0.25 % * |
*Annualized.
Key fund statistics
| Fund net assets (in millions) | $ 2,293 |
| Total number of portfolio holdings | 1,233 |
| Portfolio turnover rate | 27 % |
Portfolio quality summary
*
assets
)
*
Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch as an indication of an issuer’s creditworthiness. In assigning a credit rating to a security, the fund looks specifically to the ratings assigned to the issuer of the security by Standard & Poor’s, Moody’s and/or Fitch. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies. Securities in the “unrated“ category (above) have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with the fund’s investment policies.†
Includes derivatives.Fund
(the "fund") for the period from August 1, 2025 to January 31, 2026.
capitalgroup.com/mutual-fund-literature-R6
. You can also request this information by contacting us at (800) 421-4225
.
What were the fund costs for the last six months?
(based on a hypothetical $10,000 investment)| Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class R-6 | $ 12 | 0.23 % * |
*Annualized.
Key fund statistics
| Fund net assets (in millions) | $ 2,293 |
| Total number of portfolio holdings | 1,233 |
| Portfolio turnover rate | 27 % |
Portfolio quality summary
*
assets
)
*
Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch as an indication of an issuer’s creditworthiness. In assigning a credit rating to a security, the fund looks specifically to the ratings assigned to the issuer of the security by Standard & Poor’s, Moody’s and/or Fitch. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies. Securities in the “unrated“ category (above) have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with the fund’s investment policies.†
Includes derivatives.| [1] | Annualized. |