SEMI-ANNUAL SHAREHOLDER REPORT
®
| ABNDX
for the six months ended June 30, 2026
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 | $ | % * |
*Annualized.
Key fund statistics
| Fund net assets (in millions) | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate including mortgage dollar roll transactions | % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 39 % |
Portfolio holdings by asset type
| Bonds, notes & other debt instruments: | |
| U.S. Treasury bonds & notes | % |
| Corporate bonds and notes | |
| Mortgage-backed obligations | |
| Asset-backed obligations | |
| Bonds & notes of governments & government agencies outside the U.S. | |
| Municipals | |
| Loans | |
| Federal agency bonds & notes | |
| Equities: | |
| Common stocks | |
| Preferred securities | |
| TBA sale commitments: | |
| Mortgage-backed obligations | ( ) |
| Short term securities & other assets less liabilities | * |
| Total | % |
*Includes derivatives.
Changes in and disagreements with accountants
On December 10, 2025 , Deloitte & Touche LLP (“D&T”) was dismissed and PricewaterhouseCoopers LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending December 31, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended December 31, 2024 and December 31, 2025 and the subsequent interim period through February 11, 2026, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at .
capitalgroup.com/mutual-fund-literature-A
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.Lit. No. MFAASRX-008-0826 © 2026 Capital Group. All rights reserved.
