American Funds Corporate Bond Fund®
Investment portfolio
August 31, 2026
unaudited
 
Bonds, notes & other debt instruments 94.06%
Corporate bonds and notes 88.11%
Financials 24.78%
 
Principal amount
(000)
Value
(000)
AIB Group PLC 5.871% 3/28/2035 (USD-SOFR + 1.91% on 3/28/2034) (a)(b)
USD2,963
$3,020
American Express Co. 4.009% 2/9/2029 (USD-SOFR + 0.581% on 2/9/2028) (b)
4,225
4,187
American Express Co. 4.444% 5/3/2030 (USD-SOFR + 0.811% on 5/3/2029) (b)
2,398
2,372
American Express Co. 4.456% 2/10/2032 (USD-SOFR + 0.867% on 2/10/2031) (b)
1,250
1,217
American Express Co. 5.284% 7/26/2035 (USD-SOFR + 1.42% on 7/26/2034) (b)
875
866
American Express Co. 5.667% 4/25/2036 (USD-SOFR + 1.79% on 4/25/2035) (b)
405
409
American Express Co., Series E, 6.45% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T
Note Constant Maturity + 2.119% on 9/15/2031) (b)
959
966
American International Group, Inc. 5.125% 3/27/2033
2,305
2,283
American International Group, Inc. 5.45% 5/7/2035
643
641
American International Group, Inc. 4.375% 6/30/2050
1,500
1,190
Aon Corp. 3.90% 2/28/2052
1,000
698
Aon North America, Inc. 5.15% 3/1/2029
250
252
Aon North America, Inc. 5.45% 3/1/2034
3,231
3,211
Aon North America, Inc. 5.75% 3/1/2054
1,694
1,563
Apollo Debt Solutions BDC 5.70% 1/23/2031 (a)
770
750
Arch Capital Group, Ltd. 5.25% 6/15/2036
598
583
Arch Capital Group, Ltd. 5.95% 6/15/2056
989
960
Ares Strategic Income Fund 5.55% 4/15/2031
746
721
Athene Global Funding 5.543% 8/22/2035 (a)
750
721
Athene Holding, Ltd. 6.15% 8/15/2036
723
716
Athene Holding, Ltd. 6.625% 5/19/2055
3,320
3,124
Bank of America Corp. 3.419% 12/20/2028 (3-month USD CME Term SOFR + 1.302% on 12/20/2027) (b)
2
2
Bank of America Corp. 3.194% 7/23/2030 (3-month USD CME Term SOFR + 1.442% on 7/23/2029) (b)
1,265
1,206
Bank of America Corp. 2.884% 10/22/2030 (3-month USD CME Term SOFR + 1.19% on 10/22/2029) (b)
1,125
1,057
Bank of America Corp. 2.687% 4/22/2032 (USD-SOFR + 1.32% on 4/22/2031) (b)
1,034
927
Bank of America Corp. 4.695% 4/23/2032 (USD-SOFR + 1.04% on 4/23/2031) (b)
4,332
4,245
Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031) (b)
14,858
12,992
Bank of America Corp. 2.972% 2/4/2033 (USD-SOFR + 1.33% on 2/4/2032) (b)
3,332
2,970
Bank of America Corp. 5.511% 1/24/2036 (USD-SOFR + 1.31% on 1/24/2035) (b)
2,000
1,998
Bank of America Corp. 5.045% 2/6/2037 (USD-SOFR + 1.13% on 2/6/2036) (b)
7,033
6,757
Bank of America Corp. 2.831% 10/24/2051 (USD-SOFR + 1.88% on 10/24/2050) (b)
778
464
Bank of Ireland Group PLC 2.029% 9/30/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.10% on
9/30/2026) (a)(b)
800
798
Bank of Montreal 4.10% 12/15/2027 (USD-SOFR + 0.525% on 12/15/2026) (b)
4,175
4,170
Bank of New York Mellon Corp. 5.225% 11/20/2035 (USD-SOFR + 1.253% on 11/20/2034) (b)
448
444
Berkshire Hathaway Finance Corp. 3.85% 3/15/2052
2,067
1,487
Blackstone Private Credit Fund 6.20% 11/15/2031
764
756
Blackstone Reg Finance Co., LLC 4.95% 2/15/2036
575
547
Blackstone, Inc. 5.00% 12/6/2034
1,092
1,056
BNP Paribas SA 2.159% 9/15/2029 (USD-SOFR + 1.218% on 9/15/2028) (a)(b)
325
307
BPCE SA 2.045% 10/19/2027 (USD-SOFR + 1.087% on 10/19/2026) (a)(b)
1,500
1,495
BPCE SA 6.714% 10/19/2029 (USD-SOFR + 2.27% on 10/19/2028) (a)(b)
600
620
BPCE SA 5.936% 5/30/2035 (USD-SOFR + 1.85% on 5/30/2034) (a)(b)
2,000
2,004
BPCE SA 6.293% 1/14/2036 (USD-SOFR + 2.04% on 1/14/2035) (a)(b)
2,010
2,042
American Funds Corporate Bond Fund — Page 1 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Financials (continued)
 
Principal amount
(000)
Value
(000)
BPCE SA 6.027% 5/28/2036 (USD-SOFR + 1.956% on 5/28/2035) (a)(b)
USD1,286
$1,281
BPCE SA 5.417% 1/13/2037 (USD-SOFR + 1.568% on 1/13/2036) (a)(b)
3,187
3,027
Brown & Brown, Inc. 5.25% 6/23/2032
3,004
2,959
Brown & Brown, Inc. 5.55% 6/23/2035
3,029
2,962
Brown & Brown, Inc. 6.25% 6/23/2055
3,072
2,954
CaixaBank SA 5.673% 3/15/2030 (USD-SOFR + 1.78% on 3/15/2029) (a)(b)
348
353
CaixaBank SA 4.818% 4/22/2032 (USD-SOFR + 1.21% on 4/22/2031) (a)(b)
867
849
CaixaBank SA 5.402% 4/22/2037 (USD-SOFR + 1.53% on 4/22/2036) (a)(b)
2,047
1,982
Capital One Financial Corp. 6.051% 2/1/2035 (USD-SOFR + 2.26% on 2/1/2034) (b)
549
559
Capital One Financial Corp. 5.197% 9/11/2036 (USD-SOFR + 1.63% on 9/11/2035) (b)
1,025
979
Capital One Financial Corp. 5.399% 1/30/2037 (USD-SOFR + 1.508% on 1/30/2036) (b)
1,885
1,818
Charles Schwab Corp. (The) 5.493% 5/21/2037 (USD-SOFR + 1.28% on 5/21/2036) (b)
2,911
2,871
Charles Schwab Corp. (The) 5.655% 8/12/2037 (USD-SOFR + 1.32% on 8/12/2036) (b)
2,615
2,607
Chubb INA Holdings, LLC 5.00% 3/15/2034
15,727
15,431
Chubb INA Holdings, LLC 4.90% 8/15/2035
3,005
2,891
Chubb INA Holdings, LLC 5.30% 5/20/2036
59
58
Citibank, NA 4.554% 6/18/2029 (USD-SOFR + 0.595% on 6/18/2028) (b)
1,910
1,903
Citibank, NA 4.846% 6/18/2032 (USD-SOFR + 0.91% on 6/18/2031) (b)
12,243
12,073
Citigroup, Inc. 4.542% 9/19/2030 (USD-SOFR + 1.338% on 9/19/2029) (b)
1,847
1,823
Citigroup, Inc. 2.976% 11/5/2030 (USD-SOFR + 1.422% on 11/5/2029) (b)
773
726
Citigroup, Inc. 2.666% 1/29/2031 (USD-SOFR + 1.146% on 1/29/2030) (b)
463
428
Citigroup, Inc. 2.572% 6/3/2031 (USD-SOFR + 2.107% on 6/3/2030) (b)
3,109
2,839
Citigroup, Inc. 4.503% 9/11/2031 (USD-SOFR + 1.171% on 9/11/2030) (b)
1,193
1,164
Citigroup, Inc. 2.52% 11/3/2032 (USD-SOFR + 1.177% on 11/3/2031) (b)
1,637
1,433
Citigroup, Inc. 5.449% 6/11/2035 (USD-SOFR + 1.447% on 6/11/2034) (b)
824
822
Citigroup, Inc. 5.333% 3/27/2036 (USD-SOFR + 1.465% on 3/27/2035) (b)
1,075
1,059
Corebridge Financial, Inc. 3.90% 4/5/2032
1,480
1,371
Corebridge Financial, Inc. 5.90% 8/20/2036
1,250
1,256
Deutsche Bank AG 3.547% 9/18/2031 (USD-SOFR + 3.043% on 9/18/2030) (b)
1,514
1,412
Deutsche Bank AG 4.725% 2/6/2032 (USD-SOFR + 1.135% on 2/6/2031) (b)
4,380
4,256
Deutsche Bank AG 5.06% 4/14/2032 (USD-SOFR + 1.41% on 4/14/2031) (b)
3,300
3,250
Equitable America Global Funding 5.125% 6/15/2031 (a)
2,000
1,981
Goldman Sachs BDC, Inc. 5.10% 1/28/2029
1,321
1,295
Goldman Sachs Group, Inc. 4.656% 6/3/2029 (USD-SOFR + 0.72% on 6/3/2028) (b)
4,000
3,988
Goldman Sachs Group, Inc. 4.369% 10/21/2031 (USD-SOFR + 1.06% on 10/21/2030) (b)
473
457
Goldman Sachs Group, Inc. 4.516% 1/21/2032 (USD-SOFR + 0.96% on 1/21/2031 (b)
1,982
1,920
Goldman Sachs Group, Inc. 2.383% 7/21/2032 (USD-SOFR + 1.248% on 7/21/2031) (b)
1,443
1,260
Goldman Sachs Group, Inc. 5.24% 7/21/2032 (USD-SOFR + 1.17% on 7/21/2031) (b)
4,322
4,298
Goldman Sachs Group, Inc. 4.939% 10/21/2036 (USD-SOFR + 1.33% on 10/21/2035) (b)
15,446
14,603
Goldman Sachs Group, Inc. 5.065% 1/21/2037 (USD-SOFR + 1.19% on 1/21/2036) (b)
5,000
4,749
Goldman Sachs Group, Inc. 5.425% 6/3/2037 (USD-SOFR + 1.31% on 6/3/2036) (b)
10,854
10,575
Goldman Sachs Private Credit Corp. 5.05% 2/23/2028
2,025
2,016
Guardian Life Global Funding 4.809% 6/1/2031 (a)
617
609
HSBC Holdings PLC 2.206% 8/17/2029 (USD-SOFR + 1.285% on 8/17/2028) (b)
3,455
3,284
HSBC Holdings PLC 4.619% 11/6/2031 (USD-SOFR + 1.19% on 11/6/2030) (b)
2,435
2,379
HSBC Holdings PLC 2.804% 5/24/2032 (USD-SOFR + 1.187% on 5/24/2031) (b)
565
506
HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031) (b)
548
485
HSBC Holdings PLC 5.79% 5/13/2036 (USD-SOFR + 1.88% on 5/13/2035) (b)
4,019
4,041
HSBC Holdings PLC 5.133% 11/6/2036 (USD-SOFR + 1.43% on 11/6/2035) (b)
3,690
3,532
Intercontinental Exchange, Inc. 4.20% 3/15/2031
1,725
1,669
Intercontinental Exchange, Inc. 4.90% 9/1/2031
1,706
1,699
Intercontinental Exchange, Inc. 5.15% 9/1/2033
2,070
2,063
Intercontinental Exchange, Inc. 5.40% 9/1/2036
2,657
2,645
American Funds Corporate Bond Fund — Page 2 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Financials (continued)
 
Principal amount
(000)
Value
(000)
Intesa Sanpaolo SpA 8.248% 11/21/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 4.40% on
11/21/2032) (a)(b)
USD375
$426
Intesa Sanpaolo SpA 7.778% 6/20/2054 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.90% on
6/20/2053) (a)(b)
2,361
2,672
Jane Street Group, LLC 7.294% 8/13/2031 (a)
818
838
Jane Street Group, LLC 7.686% 8/13/2033 (a)
643
661
JPMorgan Chase & Co. 4.851% 7/25/2028 (USD-SOFR + 1.99% on 7/25/2027) (b)
1,197
1,200
JPMorgan Chase & Co. 4.408% 4/23/2030 (USD-SOFR + 0.82% on 4/23/2029) (b)
10,159
10,025
JPMorgan Chase & Co. 4.995% 7/22/2030 (USD-SOFR + 1.125% on 7/22/2029) (b)
175
175
JPMorgan Chase & Co. 4.255% 10/22/2031 (USD-SOFR + 0.93% on 10/22/2030) (b)
5,651
5,471
JPMorgan Chase & Co. 1.764% 11/19/2031 (3-month USD CME Term SOFR + 1.105% on 11/19/2030) (b)
2
2
JPMorgan Chase & Co. 4.622% 4/23/2032 (USD-SOFR + 0.99% on 4/23/2031) (b)
3,341
3,266
JPMorgan Chase & Co. 5.041% 7/23/2032 (USD-SOFR + 1.015% on 7/23/2031) (b)
945
939
JPMorgan Chase & Co. 2.545% 11/8/2032 (USD-SOFR + 1.18% on 11/8/2031) (b)
5,138
4,518
JPMorgan Chase & Co. 2.963% 1/25/2033 (USD-SOFR + 1.26% on 1/25/2032) (b)
4,138
3,696
JPMorgan Chase & Co. 5.294% 7/22/2035 (USD-SOFR + 1.46% on 7/22/2034) (b)
447
442
JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) (b)
4,287
4,305
JPMorgan Chase & Co. 4.81% 10/22/2036 (USD-SOFR + 1.19% on 10/22/2035) (b)
15,209
14,416
JPMorgan Chase & Co. 5.148% 4/23/2037 (USD-SOFR + 1.26% on 4/23/2036) (b)
3,710
3,590
JPMorgan Chase & Co. 5.803% 7/23/2041 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.25% on
7/23/2036) (b)
10,570
10,458
JPMorgan Chase & Co. 3.109% 4/22/2051 (USD-SOFR + 2.44% on 4/22/2050) (b)
1,864
1,187
Liberty Mutual Group, Inc. 5.25% 5/1/2036 (a)
1,342
1,299
Marsh & McLennan Cos., Inc. 4.85% 11/15/2031
750
741
Marsh & McLennan Cos., Inc. 5.00% 3/15/2035
7,124
6,866
Marsh & McLennan Cos., Inc. 4.95% 3/15/2036
1,000
957
Marsh & McLennan Cos., Inc. 5.45% 3/15/2054
550
500
Marsh & McLennan Cos., Inc. 5.40% 3/15/2055
3,733
3,358
Mastercard, Inc. 4.55% 3/15/2028
798
799
Mastercard, Inc. 4.60% 6/8/2031
6,475
6,392
Mastercard, Inc. 4.875% 5/9/2034
2,006
1,976
Mastercard, Inc. 4.55% 1/15/2035
840
803
Mastercard, Inc. 5.00% 6/8/2036
2,125
2,069
MetLife, Inc. 5.375% 7/15/2033
1,836
1,859
MetLife, Inc. 5.30% 12/15/2034
250
250
MetLife, Inc. 4.60% 5/13/2046
100
83
MetLife, Inc. 5.00% 7/15/2052
230
198
Metropolitan Life Global Funding I 3.45% 12/18/2026 (a)
150
150
Metropolitan Life Global Funding I 5.05% 1/6/2028 (a)
350
352
Metropolitan Life Global Funding I 4.15% 8/25/2028 (a)
1,817
1,798
Metropolitan Life Global Funding I 3.05% 6/17/2029 (a)
250
238
Metropolitan Life Global Funding I 2.95% 4/9/2030 (a)
476
444
Metropolitan Life Global Funding I 1.55% 1/7/2031 (a)
1,871
1,625
Metropolitan Life Global Funding I 4.35% 1/12/2031 (a)
3,142
3,067
Metropolitan Life Global Funding I 2.40% 1/11/2032 (a)
250
219
Mitsubishi UFJ Financial Group, Inc. 4.527% 9/12/2031 (1-year UST Yield Curve Rate T Note Constant Maturity +
1.13% on 9/12/2030) (b)
2,500
2,441
Morgan Stanley 4.238% 1/9/2030 (USD-SOFR + 0.80% on 1/9/2029) (b)
631
621
Morgan Stanley 4.213% 2/8/2030 (USD-SOFR + 0.762% on 2/8/2029) (b)
881
866
Morgan Stanley 4.555% 4/10/2030 (USD-SOFR + 0.96% on 4/10/2029) (b)
24
24
Morgan Stanley 4.654% 10/18/2030 (USD-SOFR + 1.10% on 10/18/2029) (b)
2,174
2,150
Morgan Stanley 4.356% 10/22/2031 (USD-SOFR + 1.074% on 10/22/2030) (b)
1,934
1,871
Morgan Stanley 1.794% 2/13/2032 (USD-SOFR + 1.034% on 2/13/2031) (b)
2,111
1,822
Morgan Stanley 4.708% 3/12/2032 (USD-SOFR + 1.195% on 3/12/2031) (b)
12,988
12,681
American Funds Corporate Bond Fund — Page 3 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Financials (continued)
 
Principal amount
(000)
Value
(000)
Morgan Stanley 4.809% 4/16/2032 (USD-SOFR + 1.18% on 4/16/2031) (b)
USD2,329
$2,281
Morgan Stanley 5.17% 7/14/2032 (USD-SOFR + 1.158% on 7/14/2031) (b)
3,480
3,455
Morgan Stanley 2.511% 10/20/2032 (USD-SOFR + 1.20% on 10/20/2031) (b)
5,284
4,624
Morgan Stanley 4.892% 10/22/2036 (USD-SOFR + 1.314% on 10/22/2035) (b)
16,290
15,403
Morgan Stanley 5.073% 1/30/2037 (USD-SOFR + 1.184% on 1/30/2036) (b)
5,287
5,042
Morgan Stanley 5.605% 7/17/2037 (USD-SOFR + 1.429% on 7/17/2036) (b)
6,426
6,365
NatWest Group PLC 3.073% 5/22/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.55% on
5/22/2027) (b)
340
336
NatWest Group PLC 4.445% 5/8/2030 (3-month EUR-EURIBOR + 1.871% on 5/8/2029) (b)
370
365
New York Life Global Funding 4.60% 12/5/2029 (a)
1,233
1,226
New York Life Global Funding 1.20% 8/7/2030 (a)
1,500
1,301
New York Life Global Funding 4.55% 1/28/2033 (a)
505
486
New York Life Global Funding 5.20% 6/3/2036 (a)
1,000
974
Northwestern Mutual Global Funding 4.125% 8/25/2028 (a)
2,393
2,366
PNC Bank, NA 5.373% 7/21/2036 (USD-SOFR + 1.417% on 7/21/2035) (b)
1,242
1,225
PNC Financial Services Group, Inc. 5.354% 12/2/2028 (USD-SOFR + 1.62% on 12/2/2027) (b)
2,500
2,523
PNC Financial Services Group, Inc. 5.222% 1/29/2031 (USD-SOFR + 1.072% on 1/29/2030) (b)
3,000
3,019
PNC Financial Services Group, Inc. 4.812% 10/21/2032 (USD-SOFR + 1.289% on 10/21/2031) (b)
1,500
1,473
PNC Financial Services Group, Inc. 6.875% 10/20/2034 (USD-SOFR + 2.284% on 10/20/2033) (b)
947
1,025
PNC Financial Services Group, Inc. 5.676% 1/22/2035 (USD-SOFR + 1.902% on 1/22/2034) (b)
1,521
1,538
PNC Financial Services Group, Inc. 5.401% 7/23/2035 (USD-SOFR + 1.599% on 7/23/2034) (b)
872
864
PNC Financial Services Group, Inc. 5.575% 1/29/2036 (USD-SOFR + 1.394% on 1/29/2035) (b)
1,935
1,938
PNC Financial Services Group, Inc. 5.463% 7/21/2037 (USD-SOFR + 1.267% on 7/21/2036) (b)
2,608
2,569
Progressive Corp. 4.60% 3/26/2031
1,033
1,016
Progressive Corp. 5.15% 3/26/2036
1,000
977
Royal Bank of Canada 4.65% 10/18/2030 (USD-SOFR + 1.08% on 10/18/2029) (b)
825
816
Royal Bank of Canada 4.612% 5/3/2032 (USD-SOFR + 1.01% on 5/3/2031) (b)
6,001
5,868
Stellantis Financial Services US Corp. 5.40% 6/15/2029 (a)
1,646
1,626
Stellantis Financial Services US Corp. 5.80% 6/15/2031 (a)
1,501
1,463
Sumitomo Mitsui Financial Group, Inc. 4.934% 7/7/2032 (USD-SOFR + 1.05% on 7/7/2031) (b)
319
314
Synchrony Financial 5.45% 10/15/2030 (USD-SOFR + 1.346% on 10/15/2029) (b)
146
146
Synchrony Financial 6.276% 7/31/2037 (USD-SOFR + 2.029% on 7/31/2036) (b)
1,139
1,134
Toronto-Dominion Bank (The) 4.861% 1/31/2028
1,009
1,012
Travelers Cos., Inc. 4.95% 7/24/2031
856
853
Travelers Cos., Inc. 5.45% 5/25/2053
724
668
Truist Financial Corp. 5.071% 5/20/2031 (USD-SOFR + 1.309% on 5/20/2030) (b)
2,048
2,043
U.S. Bancorp 5.046% 2/12/2031 (USD-SOFR + 1.061% on 2/12/2030) (b)
1,556
1,554
U.S. Bancorp 5.678% 1/23/2035 (USD-SOFR + 1.86% on 1/23/2034) (b)
1,120
1,132
U.S. Bancorp 5.424% 2/12/2036 (USD-SOFR + 1.411% on 2/12/2035) (b)
982
976
UBS Group AG 4.194% 4/1/2031 (USD-SOFR + 3.73% on 4/1/2030) (a)(b)
670
649
Visa, Inc. 4.70% 2/12/2036
2,800
2,702
Wells Fargo & Co. 4.182% 1/23/2030 (USD-SOFR + 0.74% on 1/23/2029) (b)
2,725
2,681
Wells Fargo & Co. 2.879% 10/30/2030 (3-month USD CME Term SOFR + 1.432% on 10/30/2029) (b)
2,362
2,216
Wells Fargo & Co. 5.15% 4/23/2031 (USD-SOFR + 1.50% on 4/23/2030) (b)
2,406
2,411
Wells Fargo & Co. 4.844% 5/20/2032 (USD-SOFR + 0.97% on 5/20/2031) (b)
12,931
12,732
Wells Fargo & Co. 3.35% 3/2/2033 (USD-SOFR + 1.50% on 3/2/2032) (b)
2,079
1,888
Wells Fargo & Co. 5.211% 12/3/2035 (USD-SOFR + 1.38% on 12/3/2034) (b)
1,075
1,053
Wells Fargo & Co. 4.96% 1/23/2037 (USD-SOFR + 1.10% on 1/23/2036) (b)
430
410
Wells Fargo & Co. 4.611% 4/25/2053 (USD-SOFR + 2.13% on 4/25/2052) (b)
1,275
1,024
 
464,812
American Funds Corporate Bond Fund — Page 4 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Health care 16.11%
 
Principal amount
(000)
Value
(000)
Abbott Laboratories 4.65% 3/15/2036
USD13,934
$13,203
Abbott Laboratories 5.50% 3/15/2056
5,909
5,540
AbbVie, Inc. 4.80% 3/15/2029
7,690
7,702
AbbVie, Inc. 4.40% 3/15/2033
695
667
AbbVie, Inc. 5.05% 9/15/2033
8,965
8,884
AbbVie, Inc. 5.05% 3/15/2034
22,525
22,289
AbbVie, Inc. 4.75% 3/15/2036
1,973
1,881
AbbVie, Inc. 5.30% 9/15/2036
1,116
1,104
AbbVie, Inc. 5.40% 3/15/2054
800
733
AbbVie, Inc. 5.55% 3/15/2056
827
774
AbbVie, Inc. 6.00% 9/15/2056
576
573
AbbVie, Inc. 5.50% 3/15/2064
155
141
AbbVie, Inc. 6.10% 9/15/2066
1,390
1,382
Amgen, Inc. 5.15% 3/2/2028
4,976
5,008
Amgen, Inc. 3.00% 2/22/2029
3,165
3,035
Amgen, Inc. 2.45% 2/21/2030
1,250
1,152
Amgen, Inc. 5.25% 3/2/2030
2,706
2,731
Amgen, Inc. 4.20% 2/19/2031
2,730
2,646
Amgen, Inc. 2.30% 2/25/2031
1,250
1,116
Amgen, Inc. 4.20% 3/1/2033
4,907
4,643
Amgen, Inc. 5.25% 3/2/2033
9,598
9,608
Amgen, Inc. 4.85% 2/19/2036
7,942
7,580
Amgen, Inc. 5.60% 3/2/2043
2,850
2,745
Amgen, Inc. 4.875% 3/1/2053
773
644
Amgen, Inc. 5.65% 3/2/2053
1,113
1,038
Baxter International, Inc. 2.272% 12/1/2028
500
471
Baxter International, Inc. 4.90% 12/15/2030
2,264
2,224
Baxter International, Inc. 5.65% 12/15/2035
6,781
6,622
Bayer US Finance, LLC 5.625% 7/20/2036 (a)
3,527
3,459
Bayer US Finance, LLC 6.375% 7/20/2056 (a)
700
680
Bristol-Myers Squibb Co. 5.20% 2/22/2034
2,997
2,998
Bristol-Myers Squibb Co. 5.50% 2/22/2044
175
168
Bristol-Myers Squibb Co. 2.55% 11/13/2050
537
301
Bristol-Myers Squibb Co. 3.70% 3/15/2052
558
389
Bristol-Myers Squibb Co. 5.55% 2/22/2054
11,738
10,907
Cencora, Inc. 4.90% 2/13/2036
1,300
1,241
Cencora, Inc. 5.65% 2/13/2056
519
491
Centene Corp. 2.45% 7/15/2028
2,300
2,192
Cigna Group (The) 5.25% 1/15/2036
1,340
1,310
Cigna Group (The) 6.00% 1/15/2056
370
360
CVS Health Corp. 1.75% 8/21/2030
1,415
1,247
CVS Health Corp. 1.875% 2/28/2031
2,197
1,911
CVS Health Corp. 5.55% 6/1/2031
325
330
CVS Health Corp. 5.00% 9/15/2032
4,553
4,492
CVS Health Corp. 5.25% 2/21/2033
2,371
2,362
CVS Health Corp. 5.70% 6/1/2034
5,552
5,619
CVS Health Corp. 5.45% 9/15/2035
2,032
2,006
CVS Health Corp. 6.05% 6/1/2054
601
575
CVS Health Corp. 6.20% 9/15/2055
3,317
3,232
CVS Health Corp. 6.00% 6/1/2063
242
225
CVS Health Corp. 6.25% 9/15/2065
225
217
Elevance Health, Inc. 5.20% 2/15/2035
1,563
1,533
Elevance Health, Inc. 5.00% 1/15/2036
330
316
Elevance Health, Inc. 5.70% 2/15/2055
301
278
American Funds Corporate Bond Fund — Page 5 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Health care (continued)
 
Principal amount
(000)
Value
(000)
Eli Lilly and Co. 4.375% 5/20/2031
USD4,815
$4,716
Eli Lilly and Co. 4.60% 8/14/2034
1,683
1,626
Eli Lilly and Co. 5.10% 2/12/2035
7,670
7,637
Eli Lilly and Co. 4.90% 10/15/2035
1,130
1,104
Eli Lilly and Co. 4.85% 5/20/2036
723
698
Eli Lilly and Co. 5.50% 2/12/2055
1,666
1,570
Eli Lilly and Co. 5.55% 10/15/2055
379
360
Eli Lilly and Co. 5.65% 10/15/2065
368
348
Gilead Sciences, Inc. 5.25% 10/15/2033
10,417
10,508
Gilead Sciences, Inc. 5.10% 6/15/2035
1,613
1,593
Gilead Sciences, Inc. 2.60% 10/1/2040
622
438
Gilead Sciences, Inc. 5.55% 10/15/2053
468
441
HCA, Inc. 5.20% 6/1/2028
1,667
1,679
HCA, Inc. 4.125% 6/15/2029
333
327
HCA, Inc. 2.375% 7/15/2031
2,455
2,160
Humana, Inc. 5.375% 4/15/2031
3,129
3,136
Humana, Inc. 5.55% 5/1/2035
3,955
3,877
Humana, Inc. 6.00% 5/1/2055
1,595
1,479
Johnson & Johnson 4.90% 6/1/2031
4,050
4,093
Johnson & Johnson 4.85% 3/1/2032
710
715
Johnson & Johnson 4.95% 6/1/2034
7,450
7,526
Johnson & Johnson 5.25% 6/1/2054
1,659
1,583
Medline Borrower, LP 5.00% 6/15/2031 (a)
824
812
Medline Borrower, LP 5.25% 6/15/2033 (a)
2,522
2,484
Novartis Capital Corp. 4.90% 3/18/2036
2,549
2,470
Novartis Capital Corp. 5.60% 3/18/2046
210
204
Novartis Capital Corp. 5.70% 3/18/2056
991
962
Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033
9,459
9,227
Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053
12,389
11,086
Roche Holdings, Inc. 2.076% 12/13/2031 (a)
5,549
4,827
Roche Holdings, Inc. 4.592% 9/9/2034 (a)
2,547
2,457
Roche Holdings, Inc. 5.218% 3/8/2054 (a)
465
427
Stryker Corp. 5.20% 2/10/2035
3,079
3,049
Takeda U.S. Financing, Inc. 5.20% 7/7/2035
11,369
11,104
Takeda U.S. Financing, Inc. 5.90% 7/7/2055
1,310
1,269
Thermo Fisher Scientific, Inc. (The) 4.20% 3/1/2031
4,819
4,681
Thermo Fisher Scientific, Inc. (The) 4.55% 6/15/2033
447
431
Thermo Fisher Scientific, Inc. (The) 4.794% 10/7/2035
1,896
1,824
Thermo Fisher Scientific, Inc. (The) 4.902% 2/12/2036
1,490
1,435
UnitedHealth Group, Inc. 4.20% 5/15/2032
1,840
1,768
UnitedHealth Group, Inc. 5.15% 7/15/2034
2,260
2,231
UnitedHealth Group, Inc. 5.30% 6/15/2035
2,025
2,015
UnitedHealth Group, Inc. 3.05% 5/15/2041
2,000
1,457
UnitedHealth Group, Inc. 3.25% 5/15/2051
1,938
1,243
UnitedHealth Group, Inc. 4.75% 5/15/2052
2,156
1,767
UnitedHealth Group, Inc. 5.375% 4/15/2054
750
670
UnitedHealth Group, Inc. 5.625% 7/15/2054
6,280
5,833
UnitedHealth Group, Inc. 5.95% 6/15/2055
2,726
2,675
UnitedHealth Group, Inc. 4.95% 5/15/2062
353
289
UnitedHealth Group, Inc. 6.05% 2/15/2063
276
268
Viatris, Inc. 2.70% 6/22/2030
752
684
 
302,238
American Funds Corporate Bond Fund — Page 6 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Utilities 8.87%
 
Principal amount
(000)
Value
(000)
AEP Transmission Co., LLC 5.15% 4/1/2034
USD2,000
$1,984
AEP Transmission Co., LLC 5.375% 6/15/2035
225
224
AES Corp. 5.75% 7/15/2033
3,982
3,939
American Transmission Systems, Inc. 2.65% 1/15/2032 (a)
228
201
CenterPoint Energy Houston Electric, LLC 5.05% 3/1/2035
75
73
CenterPoint Energy Houston Electric, LLC 4.95% 8/15/2035
1,540
1,489
Consumers Energy Co. 4.50% 1/15/2031
987
969
Consumers Energy Co. 3.60% 8/15/2032
478
444
Consumers Energy Co. 4.625% 5/15/2033
879
852
Consumers Energy Co. 5.05% 5/15/2035
2,522
2,473
Consumers Energy Co. 5.125% 5/1/2036
4,588
4,491
Consumers Energy Co. 6.10% 8/15/2056
450
451
Duke Energy Carolinas, LLC 5.15% 6/15/2036
2,622
2,558
Duke Energy Carolinas, LLC 5.35% 1/15/2053
1,780
1,608
Duke Energy Carolinas, LLC 5.75% 6/15/2056
3,139
2,986
Duke Energy Florida, LLC 4.85% 12/1/2035
5,001
4,790
Duke Energy Progress, LLC 2.50% 8/15/2050
1,044
577
Edison International 4.80% 3/15/2031
706
675
Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T
Note Constant Maturity + 5.411% on 6/15/2033) (a)(b)
2,853
3,271
Enel Finance International NV 5.00% 9/30/2035 (a)
2,370
2,253
Entergy Corp., junior subordinated, 6.50% 12/15/2056 (5-year UST Yield Curve Rate T Note Constant Maturity +
1.878% on 12/15/2036) (b)
364
363
Eversource Energy 2.55% 3/15/2031
489
438
FirstEnergy Corp. 2.65% 3/1/2030
349
322
FirstEnergy Corp. 2.25% 9/1/2030
2,592
2,317
FirstEnergy Corp., Series B, 3.90% 7/15/2027
298
297
Florida Power & Light Co. 5.30% 6/15/2034
6,409
6,419
Florida Power & Light Co. 4.70% 2/15/2036
1,669
1,579
Florida Power & Light Co. 5.125% 6/1/2036
9,140
8,939
Florida Power & Light Co. 2.875% 12/4/2051
6,513
3,884
Florida Power & Light Co. 5.70% 3/15/2055
1,250
1,187
Florida Power & Light Co. 5.75% 6/1/2056
3,623
3,479
Georgia Power Co. 5.25% 3/15/2034
792
789
Jersey Central Power & Light Co. 2.75% 3/1/2032 (a)
150
132
MidAmerican Energy Co. 5.30% 2/1/2055
29
26
NiSource, Inc. 5.40% 6/30/2033
333
335
NiSource, Inc. 5.85% 4/1/2055
364
342
NiSource, Inc., junior subordinated, 6.25% 4/15/2057 (5-year UST Yield Curve Rate T Note Constant Maturity +
1.93% on 4/15/2032) (b)
625
624
Northern States Power Co. 5.05% 5/15/2035
540
529
Northern States Power Co. 4.85% 5/15/2036
3,034
2,904
Northern States Power Co. 5.40% 3/15/2054
3,692
3,381
Oncor Electric Delivery Co., LLC 2.70% 11/15/2051
85
48
Pacific Gas and Electric Co. 6.40% 6/15/2033
5,916
6,137
Pacific Gas and Electric Co. 5.70% 3/1/2035
426
420
Pacific Gas and Electric Co. 6.00% 8/15/2035
2,036
2,051
Pacific Gas and Electric Co. 5.20% 5/1/2036
671
633
Pacific Gas and Electric Co. 5.60% 8/15/2036
4,397
4,277
Pacific Gas and Electric Co. 5.85% 11/1/2036
960
950
Pacific Gas and Electric Co. 6.30% 8/15/2056
598
569
PacifiCorp 2.70% 9/15/2030
1,031
940
PacifiCorp 5.45% 4/15/2033
1,988
1,979
PacifiCorp 5.25% 6/15/2035
1,500
1,435
American Funds Corporate Bond Fund — Page 7 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Utilities (continued)
 
Principal amount
(000)
Value
(000)
PacifiCorp 5.80% 4/15/2036
USD14,327
$14,297
PacifiCorp 5.35% 12/1/2053
9,031
7,731
PacifiCorp 5.50% 5/15/2054
980
858
PacifiCorp 5.80% 1/15/2055
2,871
2,609
PacifiCorp, junior subordinated, 7.125% 8/15/2056 (1-year UST Yield Curve Rate T Note Constant Maturity +
3.292% on 8/15/2031) (b)
75
74
PECO Energy Co. 5.25% 9/15/2054
225
201
PECO Energy Co. 5.65% 9/15/2055
2,258
2,123
Progress Energy, Inc. 7.00% 10/30/2031
496
536
Public Service Electric and Gas Co. 4.20% 1/1/2031
3,673
3,563
Public Service Electric and Gas Co. 1.90% 8/15/2031
193
167
Public Service Electric and Gas Co. 5.20% 8/1/2033
844
847
Public Service Electric and Gas Co. 4.90% 8/15/2035
4,140
4,017
Public Service Electric and Gas Co. 5.40% 8/1/2036
3,494
3,489
Public Service Electric and Gas Co. 3.20% 8/1/2049
540
354
Public Service Electric and Gas Co. 2.70% 5/1/2050
711
417
Public Service Electric and Gas Co. 5.125% 3/15/2053
1,255
1,107
Public Service Electric and Gas Co. 5.625% 1/1/2056
1,925
1,815
Rio Grande LNG, LLC 5.25% 6/30/2031 (a)
2,311
2,285
Rio Grande LNG, LLC 5.50% 1/30/2034 (a)
1,485
1,458
Rio Grande LNG, LLC 5.75% 6/30/2036 (a)
4,616
4,498
Rio Grande LNG, LLC 6.15% 6/30/2041 (a)
977
951
Southern California Edison Co. 3.65% 3/1/2028
907
890
Southern California Edison Co. 2.50% 6/1/2031
574
508
Southern California Edison Co. 4.50% 9/1/2040
349
288
Southern California Edison Co. 3.60% 2/1/2045
1,180
818
Southern California Edison Co. 4.00% 4/1/2047
75
53
Southern California Edison Co. 2.95% 2/1/2051
966
551
Southern California Edison Co. 3.65% 6/1/2051
645
424
Southern California Edison Co. 3.45% 2/1/2052
1,945
1,220
Southwestern Electric Power Co. 3.25% 11/1/2051
1,375
872
Union Electric Co. 5.25% 4/15/2035
1,150
1,137
Union Electric Co. 5.125% 3/15/2055
300
262
Union Electric Co. 5.75% 9/15/2056
4,833
4,596
Virginia Electric & Power 5.65% 8/15/2036
5,595
5,607
Virginia Electric & Power 6.30% 8/15/2056
1,365
1,380
Wisconsin Power and Light Co. 1.95% 9/16/2031
383
329
Xcel Energy, Inc. 5.60% 4/15/2035
102
102
 
166,467
Communication services 7.55%
 
 
 
Alphabet, Inc. 4.375% 11/15/2032
1,234
1,187
Alphabet, Inc. 4.40% 2/15/2033
1,561
1,494
Alphabet, Inc. 5.20% 8/15/2033
2,645
2,636
Alphabet, Inc. 4.80% 2/15/2036
2,071
1,973
Alphabet, Inc. 5.45% 8/15/2036
7,662
7,605
Alphabet, Inc. 5.65% 2/15/2056
1,799
1,647
Alphabet, Inc. 6.375% 8/15/2056
931
937
AT&T, Inc. 1.65% 2/1/2028
1,092
1,048
AT&T, Inc. 4.35% 3/1/2029
2,500
2,473
AT&T, Inc. 2.25% 2/1/2032
5,243
4,512
AT&T, Inc. 2.55% 12/1/2033
7,411
6,124
AT&T, Inc. 5.40% 2/15/2034
717
712
AT&T, Inc. 4.50% 5/15/2035
782
719
American Funds Corporate Bond Fund — Page 8 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Communication services (continued)
 
Principal amount
(000)
Value
(000)
AT&T, Inc. 5.25% 10/30/2036
USD710
$679
AT&T, Inc. 3.50% 9/15/2053
5,612
3,428
AT&T, Inc. 3.55% 9/15/2055
315
191
AT&T, Inc. 6.20% 10/30/2056
2,900
2,725
Charter Communications Operating, LLC 2.80% 4/1/2031
1,000
877
Charter Communications Operating, LLC 4.40% 4/1/2033
2,000
1,801
Charter Communications Operating, LLC 6.60% 2/15/2034
1,139
1,147
Charter Communications Operating, LLC 5.85% 12/1/2035
1,062
999
Charter Communications Operating, LLC 6.95% 8/15/2036
280
281
Charter Communications Operating, LLC 5.125% 7/1/2049
105
77
Charter Communications Operating, LLC 4.80% 3/1/2050
4,531
3,228
Charter Communications Operating, LLC 3.70% 4/1/2051
7,161
4,283
Charter Communications Operating, LLC 3.90% 6/1/2052
9,915
6,028
Charter Communications Operating, LLC 5.25% 4/1/2053
10,243
7,716
Charter Communications Operating, LLC 6.70% 12/1/2055
3,044
2,765
Charter Communications Operating, LLC 7.85% 8/15/2056
772
784
Comcast Corp. 4.80% 5/15/2033
500
483
Comcast Corp. 5.30% 5/15/2035
564
554
Comcast Corp. 5.65% 6/1/2054
1,646
1,417
Comcast Corp. 6.05% 5/15/2055
103
94
Meta Platforms, Inc. 4.20% 11/15/2030
2,403
2,330
Meta Platforms, Inc. 5.25% 5/15/2036
5,257
5,062
Meta Platforms, Inc. 5.50% 11/15/2045
1,530
1,329
Meta Platforms, Inc. 6.20% 5/15/2046
740
695
Meta Platforms, Inc. 5.40% 8/15/2054
595
483
Meta Platforms, Inc. 5.625% 11/15/2055
1,830
1,526
Meta Platforms, Inc. 6.30% 5/15/2056
5,039
4,642
Meta Platforms, Inc. 5.75% 11/15/2065
423
348
Netflix, Inc. 4.90% 8/15/2034
80
78
Netflix, Inc. 5.25% 8/15/2036
1,030
1,018
Netflix, Inc. 5.40% 8/15/2054
100
92
Orange 4.75% 1/13/2033 (a)
2,511
2,418
Orange 5.00% 1/13/2036 (a)
2,521
2,398
Orange 5.75% 1/13/2056 (a)
325
312
Space Exploration Technologies Corp. 5.35% 7/15/2031 (a)
2,318
2,267
Space Exploration Technologies Corp. 5.65% 7/15/2033 (a)
1,920
1,853
Space Exploration Technologies Corp. 5.875% 7/15/2036 (a)
3,865
3,644
Space Exploration Technologies Corp. 6.60% 7/15/2046 (a)
405
368
Space Exploration Technologies Corp. 6.65% 7/15/2056 (a)
2,232
1,988
T-Mobile USA, Inc. 2.55% 2/15/2031
3,779
3,392
T-Mobile USA, Inc. 2.25% 11/15/2031
3,956
3,427
T-Mobile USA, Inc. 5.125% 5/15/2032
655
651
T-Mobile USA, Inc. 5.75% 1/15/2034
679
689
T-Mobile USA, Inc. 3.00% 2/15/2041
1,923
1,358
T-Mobile USA, Inc. 3.40% 10/15/2052
2,073
1,279
T-Mobile USA, Inc. 5.50% 1/15/2055
191
166
Verizon Communications, Inc. 1.75% 1/20/2031
325
284
Verizon Communications, Inc. 2.355% 3/15/2032
137
119
Verizon Communications, Inc. 4.78% 2/15/2035
2,000
1,889
Verizon Communications, Inc. 5.25% 4/2/2035
6,982
6,812
Verizon Communications, Inc. 5.00% 1/15/2036
6,973
6,618
Verizon Communications, Inc. 5.401% 7/2/2037
1,381
1,336
Verizon Communications, Inc. 2.85% 9/3/2041
8
6
Verizon Communications, Inc. 5.75% 11/30/2045
1,144
1,069
American Funds Corporate Bond Fund — Page 9 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Communication services (continued)
 
Principal amount
(000)
Value
(000)
Verizon Communications, Inc. 3.55% 3/22/2051
USD900
$594
Verizon Communications, Inc. 5.875% 11/30/2055
391
361
Verizon Communications, Inc. 2.987% 10/30/2056
3,813
2,111
Verizon Communications, Inc. 6.00% 11/30/2065
629
579
Walt Disney Co. (The) 4.00% 3/14/2031
1,420
1,372
Walt Disney Co. (The) 4.625% 3/14/2036
880
836
Walt Disney Co. (The) 3.60% 1/13/2051
1,600
1,118
 
141,541
Industrials 6.64%
 
 
 
BAE Systems PLC 5.30% 3/26/2034 (a)
6,449
6,448
Boeing Co. (The) 5.04% 5/1/2027
336
337
Boeing Co. (The) 3.25% 2/1/2028
11,002
10,781
Boeing Co. (The) 6.298% 5/1/2029
108
112
Boeing Co. (The) 5.15% 5/1/2030
2,966
2,975
Boeing Co. (The) 3.625% 2/1/2031
129
121
Boeing Co. (The) 6.528% 5/1/2034
715
763
Boeing Co. (The) 5.705% 5/1/2040
1,051
1,034
Boeing Co. (The) 5.805% 5/1/2050
169
159
Boeing Co. (The) 5.93% 5/1/2060
974
910
Boeing Co. (The) 7.008% 5/1/2064
397
429
Burlington Northern Santa Fe, LLC 3.05% 2/15/2051
1,333
836
Canadian National Railway Co. 4.375% 9/18/2034
1,876
1,784
Canadian Pacific Railway Co. 1.75% 12/2/2026
1,801
1,790
Canadian Pacific Railway Co. 4.80% 3/30/2030
1,726
1,719
Canadian Pacific Railway Co. 5.20% 3/30/2035
5,324
5,287
Canadian Pacific Railway Co. 3.00% 12/2/2041
1,103
789
Canadian Pacific Railway Co. 3.10% 12/2/2051
3,439
2,148
Carrier Global Corp. 5.90% 3/15/2034
171
176
Caterpillar Financial Services Corp. 4.50% 5/15/2031
1,234
1,213
CSX Corp. 3.80% 3/1/2028
5,871
5,809
CSX Corp. 4.25% 3/15/2029
1,000
990
CSX Corp. 2.40% 2/15/2030
1,540
1,426
CSX Corp. 5.20% 11/15/2033
275
276
CSX Corp. 5.05% 6/15/2035
525
516
CSX Corp. 3.35% 9/15/2049
605
406
CSX Corp. 2.50% 5/15/2051
1,028
580
Eaton Corp. 4.20% 3/6/2031
2,314
2,241
Eaton Corp. 4.80% 3/6/2036
3,369
3,222
FedEx Freight Holding Co., Inc. 4.65% 3/15/2031 (a)
764
743
FedEx Freight Holding Co., Inc. 4.95% 3/15/2033 (a)
571
549
GE Vernova, Inc. 4.25% 2/4/2031
5,387
5,248
GE Vernova, Inc. 4.875% 2/4/2036
1,930
1,854
GE Vernova, Inc. 5.50% 2/4/2056
2,205
2,046
General Electric Co. 4.90% 1/29/2036
660
642
HEICO Corp. 4.95% 8/1/2031
476
473
HEICO Corp. 5.40% 8/1/2036
922
909
Honeywell Aerospace, Inc. 4.30% 3/16/2031
704
685
Honeywell Aerospace, Inc. 4.95% 3/16/2036
5,095
4,897
Honeywell Aerospace, Inc. 5.732% 3/16/2056
5,901
5,611
Howmet Aerospace, Inc. 4.75% 4/15/2036
1,000
953
Hubbell, Inc. 4.90% 6/15/2033
3,088
3,008
Hubbell, Inc. 5.15% 6/15/2036
3,504
3,390
Mobility Global, Inc. 6.05% 6/15/2036 (a)
760
746
American Funds Corporate Bond Fund — Page 10 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Industrials (continued)
 
Principal amount
(000)
Value
(000)
Norfolk Southern Corp. 5.05% 8/1/2030
USD5,393
$5,426
Norfolk Southern Corp. 4.45% 3/1/2033
1,041
1,005
Norfolk Southern Corp. 5.10% 5/1/2035
1,912
1,883
Norfolk Southern Corp. 4.55% 6/1/2053
568
454
Norfolk Southern Corp. 5.35% 8/1/2054
3,691
3,337
Northrop Grumman Corp. 4.70% 3/15/2033
2,667
2,601
RTX Corp. 5.75% 11/8/2026
1,000
1,002
RTX Corp. 1.90% 9/1/2031
219
189
RTX Corp. 5.15% 2/27/2033
573
574
RTX Corp. 6.10% 3/15/2034
2,253
2,369
RTX Corp. 3.03% 3/15/2052
2,500
1,535
RTX Corp. 5.375% 2/27/2053
129
118
RTX Corp. 6.40% 3/15/2054
645
676
Siemens Funding BV 5.20% 5/28/2035 (a)
1,743
1,735
Siemens Funding BV 5.80% 5/28/2055 (a)
2,890
2,841
Siemens Funding BV 5.90% 5/28/2065 (a)
813
796
Sumisho Air Lease Corp. 5.50% 3/24/2036 (a)
320
313
Tyco Electronics Group SA 4.50% 2/9/2031
500
491
Tyco Electronics Group SA 4.875% 2/9/2036
1,500
1,430
Union Pacific Corp. 2.80% 2/14/2032
612
550
Union Pacific Corp. 4.30% 3/1/2049
365
291
Union Pacific Corp. 3.25% 2/5/2050
1,091
716
Union Pacific Corp. 2.95% 3/10/2052
2,836
1,718
Union Pacific Corp. 3.50% 2/14/2053
2,239
1,501
Union Pacific Corp. 5.60% 12/1/2054
1,492
1,413
Union Pacific Corp. 3.95% 8/15/2059
175
124
Waste Connections, Inc. 4.80% 7/15/2036
2,461
2,342
 
124,461
Information technology 5.89%
 
 
 
Amphenol Corp. 4.125% 11/15/2030
500
484
Amphenol Corp. 4.40% 2/15/2033
6,331
6,058
Amphenol Corp. 4.625% 2/15/2036
6,960
6,544
Amphenol Corp. 5.30% 11/15/2055
2,299
2,084
Broadcom, Inc. 4.80% 2/15/2036
1,000
918
Intel Corp. 3.05% 8/12/2051
11,140
6,572
Intel Corp. 5.60% 2/21/2054
2,349
2,060
Intel Corp. 6.125% 5/15/2056
247
233
Intel Corp. 3.10% 2/15/2060
3,550
1,905
Microchip Technology, Inc. 5.05% 3/15/2029
5,725
5,744
Microchip Technology, Inc. 5.05% 2/15/2030
1,210
1,204
NVIDIA Corp. 4.50% 6/15/2031
4,485
4,383
NVIDIA Corp. 4.75% 6/15/2033
900
872
NVIDIA Corp. 4.95% 6/15/2036
8,639
8,216
NVIDIA Corp. 5.625% 6/15/2056
4,489
4,033
Oracle Corp. 4.55% 2/4/2029
2,685
2,625
Oracle Corp. 4.45% 9/26/2030
2,575
2,438
Oracle Corp. 4.95% 2/4/2031
1,580
1,515
Oracle Corp. 4.80% 9/26/2032
700
647
Oracle Corp. 5.35% 5/4/2033
8,539
8,050
Oracle Corp. 5.50% 8/3/2035
3,572
3,277
Oracle Corp. 5.20% 9/26/2035
4,784
4,294
Oracle Corp. 5.70% 2/4/2036
2,628
2,431
Oracle Corp. 3.65% 3/25/2041
1,268
857
American Funds Corporate Bond Fund — Page 11 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Information technology (continued)
 
Principal amount
(000)
Value
(000)
Oracle Corp. 5.875% 9/26/2045
USD560
$462
Oracle Corp. 3.60% 4/1/2050
2,287
1,329
Oracle Corp. 6.00% 8/3/2055
3,377
2,722
Oracle Corp. 5.95% 9/26/2055
4,065
3,231
Oracle Corp. 6.70% 2/4/2056
3,349
2,952
Oracle Corp. 3.85% 4/1/2060
916
517
Oracle Corp. 4.10% 3/25/2061
915
536
Oracle Corp. 6.10% 9/26/2065
842
665
Oracle Corp. 6.85% 2/4/2066
1,255
1,103
RD Michigan Property Owner I, LLC 7.50% 3/30/2045 (a)
10,353
9,876
Salesforce, Inc. 5.55% 3/15/2036
1,366
1,342
Salesforce, Inc. 6.55% 3/15/2056
826
807
Synopsys, Inc. 4.85% 4/1/2030
1,000
994
Synopsys, Inc. 5.15% 4/1/2035
2,005
1,948
Synopsys, Inc. 5.70% 4/1/2055
4,878
4,519
 
110,447
Consumer staples 5.81%
 
 
 
Anheuser-Busch Cos., LLC 4.70% 2/1/2036
728
690
Anheuser-Busch Cos., LLC 4.90% 2/1/2046
508
445
Anheuser-Busch InBev Worldwide, Inc. 3.50% 6/1/2030
2,000
1,911
Anheuser-Busch InBev Worldwide, Inc. 5.55% 1/23/2049
589
556
BAT Capital Corp. 3.215% 9/6/2026
470
470
BAT Capital Corp. 4.906% 4/2/2030
1,100
1,096
BAT Capital Corp. 4.625% 3/22/2033
3,316
3,178
BAT Capital Corp. 6.421% 8/2/2033
2,585
2,734
BAT Capital Corp. 5.30% 8/5/2033
2,378
2,366
BAT Capital Corp. 5.625% 8/15/2035
1,928
1,942
BAT Capital Corp. 5.55% 8/5/2036
600
594
BAT Capital Corp. 4.39% 8/15/2037
1,000
889
BAT Capital Corp. 7.079% 8/2/2043
1,306
1,408
BAT Capital Corp. 5.65% 3/16/2052
453
410
BAT Capital Corp. 7.081% 8/2/2053
330
358
BAT Capital Corp. 6.25% 8/15/2055
2,838
2,785
Clorox Co. 4.70% 5/15/2031
1,008
989
Clorox Co. 4.95% 5/15/2033
1,175
1,145
Clorox Co. 5.25% 5/15/2036
500
486
Constellation Brands, Inc. 4.35% 5/9/2027
1,000
999
Constellation Brands, Inc. 3.60% 2/15/2028
200
197
Constellation Brands, Inc. 4.80% 1/15/2029
893
893
Constellation Brands, Inc. 2.875% 5/1/2030
1,175
1,090
Constellation Brands, Inc. 4.80% 5/1/2030
545
541
Constellation Brands, Inc. 2.25% 8/1/2031
2,515
2,197
Constellation Brands, Inc. 4.75% 5/9/2032
1,450
1,413
Constellation Brands, Inc. 4.90% 5/1/2033
1,120
1,088
Coty, Inc. 5.60% 1/15/2031 (a)
547
533
Imperial Brands Finance PLC 5.875% 7/1/2034 (a)
1,100
1,116
Imperial Brands Finance PLC 5.625% 7/1/2035 (a)
2,404
2,376
Imperial Brands Finance PLC 5.50% 7/7/2036 (a)
907
880
Imperial Brands Finance PLC 6.375% 7/1/2055 (a)
2,457
2,389
Keurig Dr Pepper, Inc. 5.30% 3/15/2034
2,455
2,422
Keurig Dr Pepper, Inc. 5.15% 5/15/2035
4,864
4,717
Keurig Dr Pepper, Inc. 4.50% 4/15/2052
815
631
Mars, Inc. 5.00% 3/1/2032 (a)
7,270
7,222
American Funds Corporate Bond Fund — Page 12 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Consumer staples (continued)
 
Principal amount
(000)
Value
(000)
Mars, Inc. 5.20% 3/1/2035 (a)
USD8,179
$8,063
Mars, Inc. 5.70% 5/1/2055 (a)
9,116
8,620
Mars, Inc. 5.80% 5/1/2065 (a)
408
387
Mondelez International, Inc. 4.50% 5/6/2030
600
591
Mondelez International, Inc. 5.125% 5/6/2035
1,784
1,757
Philip Morris International, Inc. 2.10% 5/1/2030
675
612
Philip Morris International, Inc. 5.50% 9/7/2030
2,000
2,038
Philip Morris International, Inc. 4.00% 10/29/2030
4,524
4,364
Philip Morris International, Inc. 4.75% 11/1/2031
2,118
2,092
Philip Morris International, Inc. 5.75% 11/17/2032
4,026
4,147
Philip Morris International, Inc. 5.375% 2/15/2033
2,928
2,955
Philip Morris International, Inc. 5.625% 9/7/2033
1,048
1,070
Philip Morris International, Inc. 5.25% 2/13/2034
1,343
1,338
Philip Morris International, Inc. 4.90% 11/1/2034
6,150
5,984
Philip Morris International, Inc. 4.875% 4/30/2035
2,206
2,124
Philip Morris International, Inc. 4.625% 10/29/2035
2,350
2,209
Philip Morris International, Inc. 4.875% 4/29/2036
3,331
3,185
Philip Morris International, Inc. 4.125% 3/4/2043
1,653
1,342
Walmart, Inc. 4.50% 4/15/2053
1,118
924
 
108,958
Consumer discretionary 5.41%
 
 
 
Amazon.com, Inc. 4.10% 11/20/2030
2,415
2,341
Amazon.com, Inc. 4.80% 7/9/2031
1,100
1,090
Amazon.com, Inc. 4.55% 3/13/2033
574
553
Amazon.com, Inc. 4.35% 3/20/2033
1,631
1,554
Amazon.com, Inc. 5.10% 7/9/2033
1,663
1,645
Amazon.com, Inc. 4.65% 11/20/2035
6,664
6,282
Amazon.com, Inc. 4.875% 3/13/2036
2,159
2,053
Amazon.com, Inc. 5.30% 7/9/2036
5,855
5,732
Amazon.com, Inc. 5.45% 11/20/2055
3,294
2,911
Amazon.com, Inc. 5.80% 3/13/2056
1,552
1,433
Amazon.com, Inc. 6.10% 7/9/2056
2,633
2,545
Carnival Corp., Ltd. 6.125% 2/15/2033 (a)
953
956
Ford Motor Co. 5.291% 12/8/2046
787
636
Ford Motor Credit Co., LLC 4.95% 5/28/2027
483
483
Ford Motor Credit Co., LLC 7.35% 11/4/2027
200
205
Ford Motor Credit Co., LLC 6.80% 5/12/2028
200
205
Ford Motor Credit Co., LLC 6.798% 11/7/2028
982
1,012
Ford Motor Credit Co., LLC 2.90% 2/10/2029
200
189
Ford Motor Credit Co., LLC 5.80% 3/8/2029
1,395
1,407
Ford Motor Credit Co., LLC 5.875% 11/7/2029
2,100
2,121
Ford Motor Credit Co., LLC 5.73% 9/5/2030
839
839
Ford Motor Credit Co., LLC 6.05% 3/5/2031
3,532
3,564
Ford Motor Credit Co., LLC 6.532% 3/19/2032
300
307
Ford Motor Credit Co., LLC 5.753% 4/6/2033
1,779
1,752
Ford Motor Credit Co., LLC 6.107% 8/15/2033
200
200
Ford Motor Credit Co., LLC 7.122% 11/7/2033
200
210
Ford Motor Credit Co., LLC 6.50% 2/7/2035
2,100
2,124
Ford Motor Credit Co., LLC 5.869% 10/31/2035
615
594
Ford Motor Credit Co., LLC 6.467% 5/22/2036
990
994
General Motors Co. 5.625% 4/15/2030
700
711
General Motors Financial Co., Inc. 5.60% 6/18/2031
1,200
1,214
General Motors Financial Co., Inc. 5.625% 4/4/2032
480
485
American Funds Corporate Bond Fund — Page 13 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Consumer discretionary (continued)
 
Principal amount
(000)
Value
(000)
General Motors Financial Co., Inc. 5.45% 9/6/2034
USD349
$342
General Motors Financial Co., Inc. 6.15% 7/15/2035
491
500
General Motors Financial Co., Inc. 5.45% 1/8/2036
1,500
1,463
Home Depot, Inc. 4.75% 6/25/2029
7,161
7,182
Home Depot, Inc. 1.375% 3/15/2031
382
328
Home Depot, Inc. 4.85% 6/25/2031
2,554
2,553
Home Depot, Inc. 4.95% 6/25/2034
6,050
5,952
Home Depot, Inc. 4.65% 9/15/2035
2,814
2,689
Home Depot, Inc. 3.125% 12/15/2049
353
226
Home Depot, Inc. 5.30% 6/25/2054
2,274
2,057
Hyundai Capital America 4.875% 6/23/2027 (a)
964
968
Hyundai Capital America 4.60% 4/6/2028 (a)
2,394
2,386
Hyundai Capital America 2.00% 6/15/2028 (a)
409
389
Hyundai Capital America 5.30% 1/8/2029 (a)
509
512
Hyundai Capital America 6.50% 1/16/2029 (a)
384
396
Hyundai Capital America 5.35% 3/19/2029 (a)
700
705
Hyundai Capital America 4.75% 6/18/2029 (a)
843
836
Hyundai Capital America 5.30% 1/8/2030 (a)
100
101
Hyundai Capital America 5.10% 6/24/2030 (a)
3,371
3,360
Hyundai Capital America 4.50% 9/18/2030 (a)
700
682
Hyundai Capital America 5.40% 1/8/2031 (a)
117
118
Hyundai Capital America 5.00% 6/18/2031 (a)
290
287
McDonald’s Corp. 5.00% 5/17/2029
383
386
McDonald’s Corp. 4.95% 3/3/2035
1,526
1,486
Royal Caribbean Cruises, Ltd. 5.375% 1/15/2036
4,882
4,724
Royal Caribbean Cruises, Ltd. 5.25% 2/27/2038
3,910
3,677
Toyota Motor Corp. 4.186% 6/30/2027
4,808
4,806
Toyota Motor Credit Corp. 4.55% 5/17/2030
1,400
1,386
Tractor Supply Co. 5.20% 1/30/2032
2,610
2,605
 
101,449
Materials 2.76%
 
 
 
Anglo American Capital PLC 5.25% 3/19/2036 (a)
5,184
5,012
Dow Chemical Co. (The) 4.80% 1/15/2031
3,490
3,425
Dow Chemical Co. (The) 5.35% 3/15/2035
500
487
Dow Chemical Co. (The) 5.65% 3/15/2036
852
836
Dow Chemical Co. (The) 4.375% 11/15/2042
6
5
Dow Chemical Co. (The) 4.625% 10/1/2044
600
481
Dow Chemical Co. (The) 5.55% 11/30/2048
307
268
Dow Chemical Co. (The) 4.80% 5/15/2049
1,930
1,530
Dow Chemical Co. (The) 3.60% 11/15/2050
702
455
Dow Chemical Co. (The) 5.60% 2/15/2054
2,133
1,864
Dow Chemical Co. (The) 5.95% 3/15/2055
1,158
1,064
Ecolab, Inc. 4.80% 6/15/2031
500
496
Ecolab, Inc. 5.15% 6/15/2033
750
747
Ecolab, Inc. 5.35% 6/15/2036
1,500
1,490
Glencore Funding, LLC 5.20% 7/1/2033 (a)
600
590
LYB International Finance BV 4.875% 3/15/2044
118
97
LYB International Finance III, LLC 5.125% 1/15/2031
2,797
2,776
LYB International Finance III, LLC 5.50% 3/1/2034
1,091
1,075
LYB International Finance III, LLC 6.15% 5/15/2035
4,315
4,395
LYB International Finance III, LLC 5.875% 1/15/2036
4,906
4,871
LYB International Finance III, LLC 3.375% 10/1/2040
173
125
LYB International Finance III, LLC 4.20% 5/1/2050
675
480
American Funds Corporate Bond Fund — Page 14 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Materials (continued)
 
Principal amount
(000)
Value
(000)
LYB International Finance III, LLC 3.80% 10/1/2060
USD1,465
$906
Martin Marietta Materials, Inc. 5.20% 1/30/2032
1,910
1,911
Martin Marietta Materials, Inc. 5.40% 1/30/2034
3,285
3,286
Martin Marietta Materials, Inc. 5.625% 8/15/2036
2,490
2,491
Martin Marietta Materials, Inc. 6.375% 8/15/2056
503
514
Sherwin-Williams Co. 4.50% 8/15/2030
4,000
3,932
Sherwin-Williams Co. 5.15% 8/15/2035
3,203
3,143
Vale Overseas, Ltd. 6.40% 6/28/2054
962
950
Vylor, Inc. 5.125% 8/15/2031 (a)
1,185
1,182
Vylor, Inc. 5.625% 8/15/2036 (a)
917
917
 
51,801
Energy 2.64%
 
 
 
Cheniere Energy Partners, LP 5.35% 11/30/2036 (a)
4,517
4,395
Cheniere Energy Partners, LP 6.05% 11/30/2056 (a)
2,322
2,245
Chevron Corp. 3.078% 5/11/2050
1,273
820
Chevron USA, Inc. 4.405% 2/26/2027
6,354
6,362
Chevron USA, Inc. 1.018% 8/12/2027
1,667
1,618
ConocoPhillips Co. 4.70% 1/15/2030
3,000
2,989
ConocoPhillips Co. 3.80% 3/15/2052
539
382
ConocoPhillips Co. 5.30% 5/15/2053
567
508
ConocoPhillips Co. 5.50% 1/15/2055
1,231
1,135
Enterprise Products Operating, LLC 5.20% 1/15/2036
1,449
1,423
EOG Resources, Inc. 4.40% 7/15/2028
678
676
EOG Resources, Inc. 5.35% 1/15/2036
763
755
EOG Resources, Inc. 5.65% 12/1/2054
666
627
EOG Resources, Inc. 5.95% 7/15/2055
375
369
Exxon Mobil Corp. 3.482% 3/19/2030
1,025
987
Exxon Mobil Corp. 3.452% 4/15/2051
3,102
2,130
Petroleos Mexicanos 6.84% 1/23/2030
1,000
1,029
Saudi Arabian Oil Co. 4.375% 2/2/2031 (a)
1,114
1,079
Schlumberger Investment SA 4.55% 5/7/2031
451
443
Schlumberger Investment SA 4.80% 5/7/2033
1,858
1,819
Schlumberger Investment SA 5.15% 5/7/2036
3,310
3,241
Shell Finance US, Inc. 2.75% 4/6/2030
5,000
4,665
Shell Finance US, Inc. 3.25% 4/6/2050
1,496
991
Shell Finance US, Inc. 3.00% 11/26/2051
500
309
TotalEnergies Capital International SA 2.829% 1/10/2030
1,800
1,694
TotalEnergies Capital SA 4.724% 9/10/2034
580
564
TotalEnergies Capital SA 5.275% 9/10/2054
1,415
1,281
TotalEnergies Capital USA, LLC 4.248% 1/13/2031
4,387
4,271
Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 (a)
732
684
 
49,491
Real estate 1.65%
 
 
 
Boston Properties, LP 2.55% 4/1/2032
60
52
Boston Properties, LP 2.45% 10/1/2033
1,921
1,564
Boston Properties, LP 6.50% 1/15/2034
787
820
Boston Properties, LP 5.75% 1/15/2035
1,730
1,715
Boston Properties, LP 6.05% 10/15/2036
816
818
Crown Castle, Inc. 5.00% 1/11/2028
2,552
2,560
Ladder Capital Finance Holdings LLLP 5.50% 8/1/2030
1,837
1,838
Prologis, LP 4.875% 6/15/2028
803
807
Prologis, LP 4.75% 6/15/2033
3,299
3,215
American Funds Corporate Bond Fund — Page 15 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Real estate (continued)
 
Principal amount
(000)
Value
(000)
Prologis, LP 5.125% 1/15/2034
USD459
$454
Prologis, LP 5.00% 3/15/2034
395
386
Prologis, LP 5.00% 1/31/2035
686
667
Public Storage Operating Co. 4.70% 2/1/2032
3,025
2,972
Public Storage Operating Co. 5.15% 8/15/2036
3,550
3,453
Simon Property Group, LP 4.375% 10/1/2030
2,500
2,452
Simon Property Group, LP 5.125% 10/1/2035
1,830
1,787
VICI Properties, LP 5.40% 10/15/2031
4,424
4,393
VICI Properties, LP 5.75% 10/15/2036
1,069
1,040
 
30,993
Total corporate bonds and notes
1,652,658
U.S. Treasury bonds & notes 5.10%
U.S. Treasury 5.10%
 
 
 
U.S. Treasury 4.25% 8/15/2029 (c)
17,443
17,371
U.S. Treasury 4.375% 7/31/2031
4,577
4,553
U.S. Treasury 4.375% 8/31/2031
10,507
10,447
U.S. Treasury 4.375% 7/31/2033
38
37
U.S. Treasury 4.50% 8/31/2033
75
75
U.S. Treasury 4.625% 8/15/2036 (c)
13,000
12,876
U.S. Treasury 5.00% 5/15/2046
424
412
U.S. Treasury 5.125% 8/15/2046
17,515
17,281
U.S. Treasury 5.00% 5/15/2056 (c)
33,823
32,572
 
95,624
Bonds & notes of governments & government agencies outside the U.S. 0.42%
Mexico 0.39%
 
 
 
Eagle Funding LuxCo SARL 5.50% 8/17/2030 (a)
2,395
2,394
United Mexican States 5.375% 3/22/2033
4,447
4,322
United Mexican States 6.625% 1/29/2038
200
201
United Mexican States 7.375% 5/13/2055
275
281
 
7,198
Panama 0.03%
 
 
 
Panama (Republic of) 6.875% 1/31/2036
286
306
Panama (Republic of) 8.00% 3/1/2038
227
260
 
566
Total bonds & notes of governments & government agencies outside the U.S.
7,764
Asset-backed obligations 0.26%
Other asset-backed securities 0.26%
 
 
 
Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037 (a)(d)
1,568
1,475
CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 (a)(d)
1,285
984
CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 (a)(d)
88
71
CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 (a)(d)
113
85
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 8/17/2039 (a)(d)
338
328
New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 (a)(d)
2,544
1,996
 
4,939
Total asset-backed obligations
4,939
American Funds Corporate Bond Fund — Page 16 of 20
unaudited
Bonds, notes & other debt instruments (continued)
Municipals 0.17%
Ohio 0.17%
 
Principal amount
(000)
Value
(000)
Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project), Series
2021, 4.425% 5/1/2031
USD3,780
$3,203
Total bonds, notes & other debt instruments (cost: $1,813,972,000)
1,764,188
Short-term securities 4.93%
Money market investments 4.93%
 
Shares
 
Capital Group Central Cash Fund 3.78% (e)(f)
924,278
92,419
Total short-term securities (cost: $92,421,000)
92,419
Total investment securities 98.99% (cost: $1,906,393,000)
1,856,607
Other assets less liabilities 1.01%
19,022
Net assets 100.00%
$1,875,629
Futures contracts
 
Contracts
Type
Number of
contracts
Expiration
date
Notional
amount
(000)
Value and
unrealized
appreciation
(depreciation)
at 8/31/2026
(000)
2 Year U.S. Treasury Note Futures
Long
686
1/6/2027
USD140,791
$(347
)
5 Year U.S. Treasury Note Futures
Long
583
1/6/2027
61,625
(303
)
10 Year U.S. Treasury Note Futures
Short
746
12/31/2026
(80,312
)
487
10 Year Ultra U.S. Treasury Note Futures
Short
2,122
12/31/2026
(232,193
)
1,161
20 Year U.S. Treasury Bond Futures
Long
1,561
12/31/2026
169,563
(542
)
30 Year Ultra U.S. Treasury Bond Futures
Short
298
12/31/2026
(32,789
)
129
 
 
 
 
$585
Swap contracts
Credit default swaps 
Centrally cleared credit default swaps on credit indices — buy protection 
Reference
index
Financing
rate paid
Payment
frequency
Expiration
date
Notional
amount
(000)
Value at
8/31/2026
(000)
Upfront
premium
paid
(received)
(000)
Unrealized
appreciation
(depreciation)
at 8/31/2026
(000)
CDX.NA.IG.46
1.00%
Quarterly
6/20/2031
USD35,523
$(761
)
$(572
)
$(189
)
Investments in affiliates (f)
 
 
Value at
6/1/2026
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
8/31/2026
(000)
Dividend
or interest
income
(000)
Short-term securities 4.93%
Money market investments 4.93%
Capital Group Central Cash Fund 3.78% (e)
$150,991
$212,504
$271,077
$2
$(1
)
$92,419
$805
 
American Funds Corporate Bond Fund — Page 17 of 20
unaudited
(a)
Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in
the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $181,928,000, which
represented 9.70% of the net assets of the fund.
(b)
Step bond; coupon rate may change at a later date.
(c)
All or a portion of this security was pledged as collateral.  At period end, the total value of securities pledged was $4,031,000, which represented 0.21% of
the net assets of the fund.
(d)
Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.
(e)
Rate represents the seven-day yield at 8/31/2026.
(f)
Affiliate of the fund or part of the same “group of investment companies“ as the fund, as defined under the Investment Company Act of 1940, as amended.
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security. 
Fixed-income class
Examples of standard inputs
All
Benchmark yields, transactions, bids, offers, quotations from dealers and
trading systems, new issues, spreads and other relationships observed in
the markets among comparable securities; and proprietary pricing
models such as yield measures calculated using factors such as cash flows,
financial or collateral performance and other reference data (collectively
referred to as “standard inputs”)
Corporate bonds, notes & loans; convertible securities
Standard inputs and underlying equity of the issuer
Bonds & notes of governments & government agencies
Standard inputs and interest rate volatilities
Mortgage-backed; asset-backed obligations
Standard inputs and cash flows, prepayment information, default rates,
delinquency and loss assumptions, collateral characteristics, credit
enhancements and specific deal information
Municipal securities
Standard inputs and, for certain distressed securities, cash flows or
liquidation values using a net present value calculation based on inputs
that include, but are not limited to, financial statements and debt contracts
American Funds Corporate Bond Fund — Page 18 of 20
unaudited
The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds“), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information. Exchange-traded futures are generally valued at the official settlement price on the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. The average month-end notional amount of futures contracts while held was $857,520,000. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, and terms of the contract. The average month-end notional amounts of credit default swaps while held were $183,797,000.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund’s investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure — The fund’s board of trustees has designated the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund’s valuation levels as of August 31, 2026, were as follows (dollars in thousands):
American Funds Corporate Bond Fund — Page 19 of 20
unaudited
 
 
Investment securities
 
Level 1
Level 2
Level 3
Total
Assets:
Bonds, notes & other debt instruments:
Corporate bonds and notes
$—
$1,652,658
$—
$1,652,658
U.S. Treasury bonds & notes
—
95,624
—
95,624
Bonds & notes of governments & government agencies outside
the U.S.
—
7,764
—
7,764
Asset-backed obligations
—
4,939
—
4,939
Municipals
—
3,203
—
3,203
Short-term securities
92,419
—
—
92,419
Total
$92,419
$1,764,188
$—
$1,856,607
 
 
Other investments*
 
Level 1
Level 2
Level 3
Total
Assets:
Unrealized appreciation on futures contracts
$1,777
$—
$—
$1,777
Liabilities:
Unrealized depreciation on futures contracts
(1,192
)
—
—
(1,192
)
Unrealized depreciation on centrally cleared credit default swaps
—
(189
)
—
(189
)
Total
$585
$(189
)
$—
$396
*
Futures contracts and credit default swaps are not included in the fund’s investment portfolio. 
Key to abbreviation(s)
Auth. = Authority
CME = CME Group
EUR = Euros
EURIBOR = Euro Interbank Offered Rate
Rev. = Revenue
SOFR = Secured Overnight Financing Rate
USD = U.S. dollars
UST = U.S. Treasury
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Capital Client Group, Inc., member FINRA.
© 2026 Capital Group. All rights reserved.
MFGEFP1-032-1026
American Funds Corporate Bond Fund — Page 20 of 20