The following bar chart shows how the fund’s investment results have varied from year to year, and the following table shows how the fund’s average annual total returns for various periods compare with a broad measure of securities market results and, if applicable, other measures of market results that reflect the fund’s investment universe. This information provides some indication of the risks of investing in the fund. Past investment results (before and after taxes) are not predictive of future investment results. Updated information on the fund’s investment results can be obtained by visiting capitalgroup.com.
The following bar chart shows how the fund’s investment results have varied from year to year, and the following table shows how the fund’s average annual total returns for various periods compare with a broad measure of securities market results and, if applicable, other measures of market results that reflect the fund’s investment universe.
Highest/Lowest quarterly results during this period were:
Highest 9.16% (quarter ended June 30, 2020)
Lowest -7.64% (quarter ended June 30, 2022)
The fund's total return for the six months ended June 30, 2026, was 0.58%
| Average annual total returns For the periods ended December 31, 2025 (with maximum sales charge): | |||||
| Share class | Inception date | 1 year | 5 years | 10 years | Lifetime |
| A − Before taxes | 12/14/2012 | 2.70% | –1.60% | 2.68% | 2.62% |
| − After taxes on distributions | 0.95 | –2.85 | 1.34 | N/A | |
| − After taxes on distributions and sale of fund shares | 1.58 | –1.74 | 1.49 | N/A | |
| Share classes (before taxes) | Inception date | 1 year | 5 years | 10 years | Lifetime |
| C | 7/29/2016 | 4.88% | –1.57% | N/A | 1.55% |
| F-1 | 7/29/2016 | 6.66 | –0.84 | N/A | 2.18 |
| F-2 | 7/29/2016 | 6.93 | –0.58 | N/A | 2.46 |
| F-3 | 1/27/2017 | 7.05 | –0.47 | N/A | 3.03 |
| 529-A (with maximum sales charge) | 7/29/2016 | 2.91 | –1.57 | N/A | 1.77 |
| 529-C | 7/29/2016 | 4.83 | –1.62 | N/A | 1.75 |
| 529-E | 7/29/2016 | 6.43 | –1.06 | N/A | 1.97 |
| 529-F-2 | 10/30/2020 | 6.95 | –0.57 | N/A | 0.00 |
| 529-F-3 | 10/30/2020 | 7.01 | –0.52 | N/A | 0.05 |
| R-1 | 7/29/2016 | 5.90 | –1.55 | N/A | 1.57 |
| R-2 | 7/29/2016 | 5.91 | –1.54 | N/A | 1.51 |
| R-2E | 7/29/2016 | 6.21 | –1.26 | N/A | 1.86 |
| R-3 | 7/29/2016 | 6.39 | –1.10 | N/A | 1.94 |
| R-4 | 7/29/2016 | 6.69 | –0.81 | N/A | 2.23 |
| R-5E | 7/29/2016 | 6.89 | –0.62 | N/A | 2.43 |
| R-5 | 7/29/2016 | 6.96 | –0.53 | N/A | 2.50 |
| R-6 | 7/29/2016 | 7.06 | –0.47 | N/A | 2.55 |
| Indexes* | 1 year | 5 years | 10 years | Lifetime Class A inception) | |
| Bloomberg U.S. Aggregate Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes) | 7.30% | –0.36% | 2.01% | 1.87% | |
| Bloomberg U.S. Corporate Investment Grade Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes) | 7.77 | –0.09 | 3.27 | 2.90 | |
| Class A annualized 30-day yield at May 31, 2026: 4.27% (For current yield information, please call American Funds Service Company at (800) 421-4225 or visit capitalgroup.com.) | |||||
After-tax returns are shown only for Class A shares; after-tax returns for other share classes will vary. After-tax returns are calculated using the highest individual federal income tax rates in effect during each year of the periods shown and do not reflect the impact of state and local taxes. Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above. In addition, after-tax returns are not relevant if you hold your fund shares through a tax-favored arrangement, such as a 401(k) plan, individual retirement account (IRA) or 529 college savings plan.