American Funds Corporate Bond Fund®
Investment portfolio
unaudited
|
Bonds, notes & other debt instruments 93.21%
Corporate bonds, notes & loans 89.09%
Financials 21.52%
|
|
Principal amount
(000)
|
Value
(000)
|
|
AIB Group PLC 6.608% 9/13/2029 (USD-SOFR + 2.33% on 9/13/2028)1,2
|
USD1,452
|
$1,507
|
|
|
American Express Co. 6.489% 10/30/2031 (USD-SOFR + 1.94% on 10/30/2030)2
|
464
|
495
|
|
|
American Express Co. 5.043% 5/1/2034 (USD-SOFR + 1.835% on 5/1/2033)2
|
2,900
|
2,847
|
|
|
American International Group, Inc. 5.125% 3/27/2033
|
5,010
|
4,945
|
|
|
American International Group, Inc. 4.80% 7/10/2045
|
100
|
92
|
|
|
American International Group, Inc. 4.375% 6/30/2050
|
1,000
|
860
|
|
|
Aon Corp. 2.60% 12/2/2031
|
1,000
|
832
|
|
|
Aon Corp. 5.00% 9/12/2032
|
500
|
489
|
|
|
Aon Corp. 5.35% 2/28/2033
|
1,497
|
1,494
|
|
|
Aon Corp. 3.90% 2/28/2052
|
1,000
|
758
|
|
|
Aon North America, Inc. 5.15% 3/1/2029
|
250
|
250
|
|
|
Aon North America, Inc. 5.30% 3/1/2031
|
250
|
250
|
|
|
Aon North America, Inc. 5.45% 3/1/2034
|
8,840
|
8,856
|
|
|
Aon North America, Inc. 5.75% 3/1/2054
|
3,309
|
3,329
|
|
|
Bank of America Corp. 2.456% 10/22/2025
(3-month USD CME Term SOFR + 1.132% on 10/22/2024)2
|
2,904
|
2,843
|
|
|
Bank of America Corp. 5.202% 4/25/2029 (USD-SOFR + 1.63% on 4/25/2028)2
|
4,475
|
4,452
|
|
|
Bank of America Corp. 5.819% 9/15/2029 (USD-SOFR + 1.57% on 9/15/2028)2
|
3,220
|
3,282
|
|
|
Bank of America Corp. 1.898% 7/23/2031 (USD-SOFR + 1.53% on 7/23/2030)2
|
4,464
|
3,624
|
|
|
Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031)2
|
1,225
|
992
|
|
|
Bank of America Corp. 5.872% 9/15/2034 (USD-SOFR + 1.84% on 9/15/2033)2
|
9,703
|
9,953
|
|
|
Bank of America Corp. 5.468% 1/23/2035
(3-month USD CME Term SOFR + 1.65% on 1/23/2034)2
|
9,500
|
9,476
|
|
|
Bank of America Corp. 2.972% 7/21/2052 (USD-SOFR + 1.56% on 7/21/2051)2
|
1,290
|
859
|
|
|
Bank of Ireland Group PLC 6.253% 9/16/2026
(1-year UST Yield Curve Rate T Note Constant Maturity + 2.65% on 9/16/2025)1,2
|
500
|
503
|
|
|
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)1,2
|
800
|
729
|
|
|
Bank of Nova Scotia (The) 8.00% 1/27/2084
(5-year UST Yield Curve Rate T Note Constant Maturity + 4.017% on 1/27/2029)2
|
2,439
|
2,469
|
|
|
Barclays PLC 6.224% 5/9/2034 (USD-SOFR + 2.98% on 5/9/2033)2
|
5,085
|
5,151
|
|
|
Berkshire Hathaway Finance Corp. 4.20% 8/15/2048
|
228
|
198
|
|
|
Berkshire Hathaway Finance Corp. 3.85% 3/15/2052
|
301
|
239
|
|
|
Berkshire Hathaway, Inc. 4.50% 2/11/2043
|
125
|
118
|
|
|
Blackstone Holdings Finance Co., LLC 5.90% 11/3/20271
|
430
|
440
|
|
|
Blackstone Holdings Finance Co., LLC 6.20% 4/22/20331
|
390
|
408
|
|
|
BNP Paribas SA 2.159% 9/15/2029 (USD-SOFR + 1.218% on 9/15/2028)1,2
|
1,193
|
1,033
|
|
|
BNP Paribas SA 2.871% 4/19/2032 (USD-SOFR + 1.387% on 4/19/2031)1,2
|
625
|
523
|
|
|
BPCE SA 1.652% 10/6/2026 (USD-SOFR + 1.52% on 10/6/2025)1,2
|
9,275
|
8,674
|
|
|
BPCE SA 2.045% 10/19/2027 (USD-SOFR + 1.087% on 10/19/2026)1,2
|
1,500
|
1,362
|
|
|
BPCE SA 6.714% 10/19/2029 (USD-SOFR + 2.27% on 10/19/2028)1,2
|
600
|
623
|
|
|
BPCE SA 2.277% 1/20/2032 (USD-SOFR + 1.312% on 1/20/2031)1,2
|
3,794
|
3,039
|
|
|
BPCE SA 5.748% 7/19/2033 (USD-SOFR + 2.865% on 7/19/2032)1,2
|
2,310
|
2,287
|
|
|
BPCE SA 7.003% 10/19/2034 (USD-SOFR + 2.59% on 10/19/2033)1,2
|
580
|
619
|
|
|
CaixaBank, SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028)1,2
|
450
|
456
|
|
American Funds Corporate Bond Fund — Page 1 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Financials (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
CaixaBank, SA 6.84% 9/13/2034 (USD-SOFR + 2.77% on 9/13/2033)1,2
|
USD1,530
|
$1,610
|
|
|
Canadian Imperial Bank of Commerce 6.092% 10/3/2033
|
1,450
|
1,506
|
|
|
Capital One Financial Corp. 5.70% 2/1/2030 (USD-SOFR + 1.905% on 2/1/2029)2
|
2,108
|
2,114
|
|
|
Capital One Financial Corp. 6.051% 2/1/2035 (USD-SOFR + 2.26% on 2/1/2034)2
|
7,591
|
7,673
|
|
|
Charles Schwab Corp. (The) 6.196% 11/17/2029 (USD-SOFR + 1.878% on 11/17/2028)2
|
1,200
|
1,239
|
|
|
Chubb INA Holdings, Inc. 3.35% 5/3/2026
|
675
|
651
|
|
|
Citigroup, Inc. 2.014% 1/25/2026 (USD-SOFR + 0.694% on 1/25/2025)2
|
3,338
|
3,226
|
|
|
Citigroup, Inc. 5.174% 2/13/2030 (USD-SOFR + 1.364% on 2/13/2029)2
|
9,350
|
9,257
|
|
|
Citigroup, Inc. 2.572% 6/3/2031 (USD-SOFR + 2.107% on 6/3/2030)2
|
5,000
|
4,229
|
|
|
Citigroup, Inc. 2.52% 11/3/2032 (USD-SOFR + 1.177% on 11/3/2031)2
|
2,588
|
2,101
|
|
|
Citigroup, Inc. 3.785% 3/17/2033 (USD-SOFR + 1.939% on 3/17/2032)2
|
2,615
|
2,315
|
|
|
Citigroup, Inc. 4.91% 5/24/2033 (USD-SOFR + 2.086% on 5/24/2032)2
|
1,955
|
1,872
|
|
|
Citigroup, Inc. 6.27% 11/17/2033 (USD-SOFR + 2.338% on 11/17/2032)2
|
1,000
|
1,049
|
|
|
Citigroup, Inc. 5.827% 2/13/2035 (USD-SOFR + 2.056% on 2/13/2034)2
|
3,920
|
3,837
|
|
|
CME Group, Inc. 4.15% 6/15/2048
|
4,000
|
3,448
|
|
|
Corebridge Financial, Inc. 3.90% 4/5/2032
|
4,634
|
4,082
|
|
|
Corebridge Financial, Inc. 4.40% 4/5/2052
|
217
|
174
|
|
|
Deutsche Bank AG 1.447% 4/1/2025 (USD-SOFR + 1.131% on 4/1/2024)2
|
2,020
|
2,012
|
|
|
Deutsche Bank AG 2.129% 11/24/2026 (USD-SOFR + 1.87% on 11/24/2025)2
|
835
|
783
|
|
|
Deutsche Bank AG 7.146% 7/13/2027 (USD-SOFR + 2.52% on 7/13/2026)2
|
268
|
275
|
|
|
Deutsche Bank AG 2.552% 1/7/2028 (USD-SOFR + 1.318% on 1/7/2027)2
|
2,250
|
2,052
|
|
|
Deutsche Bank AG 6.72% 1/18/2029 (USD-SOFR + 3.18% on 1/18/2028)2
|
2,375
|
2,441
|
|
|
Deutsche Bank AG 6.819% 11/20/2029 (USD-SOFR + 2.51% on 11/20/2028)2
|
5,145
|
5,323
|
|
|
Deutsche Bank AG 3.547% 9/18/2031 (USD-SOFR + 3.043% on 9/18/2030)2
|
4,975
|
4,318
|
|
|
Discover Financial Services 7.964% 11/2/2034 (USD-SOFR Index + 3.37% on 11/2/2033)2
|
1,389
|
1,557
|
|
|
Fifth Third Bancorp 6.339% 7/27/2029 (USD-SOFR + 2.34% on 7/27/2028)2
|
1,320
|
1,355
|
|
|
Fifth Third Bancorp 5.631% 1/29/2032 (USD-SOFR + 1.84% on 1/29/2031)2
|
4,517
|
4,480
|
|
|
Five Corners Funding Trust II 2.85% 5/15/20301
|
1,000
|
867
|
|
|
Five Corners Funding Trust III 5.791% 2/15/20331
|
2,790
|
2,868
|
|
|
Five Corners Funding Trust IV 5.997% 2/15/20531
|
500
|
527
|
|
|
Goldman Sachs Group, Inc. (3-month USD CME Term SOFR + 1.432%) 6.739% 5/15/20263
|
500
|
504
|
|
|
Goldman Sachs Group, Inc. 3.615% 3/15/2028 (USD-SOFR + 1.846% on 3/15/2027)2
|
4,000
|
3,815
|
|
|
Goldman Sachs Group, Inc. 1.992% 1/27/2032 (USD-SOFR + 1.09% on 1/27/2031)2
|
547
|
439
|
|
|
Goldman Sachs Group, Inc. 3.102% 2/24/2033 (USD-SOFR + 1.41% on 2/24/2032)2
|
880
|
746
|
|
|
Goldman Sachs Group, Inc. 6.561% 10/24/2034 (USD-SOFR + 1.95% on 10/24/2033)2
|
413
|
445
|
|
|
Goldman Sachs Group, Inc. 2.908% 7/21/2042 (USD-SOFR + 1.40% on 7/21/2041)2
|
2,000
|
1,419
|
|
|
Goldman Sachs Group, Inc. 3.436% 2/24/2043 (USD-SOFR + 1.632% on 2/24/2042)2
|
1,928
|
1,468
|
|
|
HSBC Holdings PLC 2.206% 8/17/2029 (USD-SOFR + 1.285% on 8/17/2028)2
|
2,544
|
2,210
|
|
|
HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031)2
|
4,444
|
3,668
|
|
|
HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043)2
|
1,165
|
1,226
|
|
|
Huntington Bancshares, Inc. 6.208% 8/21/2029 (USD-SOFR + 2.02% on 8/21/2028)2
|
1,245
|
1,267
|
|
|
Intesa Sanpaolo SpA 8.248% 11/21/2033
(1-year UST Yield Curve Rate T Note Constant Maturity + 4.40% on 11/21/2032)1,2
|
375
|
407
|
|
|
Intesa Sanpaolo SpA 7.778% 6/20/2054
(1-year UST Yield Curve Rate T Note Constant Maturity + 3.90% on 6/20/2053)1,2
|
1,000
|
1,012
|
|
|
JPMorgan Chase & Co. 2.301% 10/15/2025 (USD-SOFR + 1.16% on 10/15/2024)2
|
9,211
|
9,027
|
|
|
JPMorgan Chase & Co. 5.546% 12/15/2025 (USD-SOFR + 1.07% on 12/15/2024)2
|
1,070
|
1,070
|
|
|
JPMorgan Chase & Co. 2.005% 3/13/2026 (USD-SOFR + 1.585% on 3/13/2025)2
|
4,554
|
4,392
|
|
|
JPMorgan Chase & Co. 2.083% 4/22/2026 (USD-SOFR + 1.85% on 4/22/2025)2
|
1,416
|
1,363
|
|
|
JPMorgan Chase & Co. 1.04% 2/4/2027 (USD-SOFR + 0.695% on 2/4/2026)2
|
2,602
|
2,399
|
|
|
JPMorgan Chase & Co. 5.012% 1/23/2030 (USD-SOFR + 1.31% on 1/23/2029)2
|
4,627
|
4,580
|
|
|
JPMorgan Chase & Co. 1.953% 2/4/2032 (USD-SOFR + 1.065% on 2/4/2031)2
|
4,029
|
3,242
|
|
|
JPMorgan Chase & Co. 6.254% 10/23/2034 (USD-SOFR + 1.81% on 10/23/2033)2
|
2,403
|
2,550
|
|
|
JPMorgan Chase & Co. 5.336% 1/23/2035 (USD-SOFR + 1.62% on 1/23/2034)2
|
6,154
|
6,123
|
|
American Funds Corporate Bond Fund — Page 2 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Financials (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
JPMorgan Chase & Co. 3.328% 4/22/2052 (USD-SOFR + 1.58% on 4/22/2051)2
|
USD1,850
|
$1,315
|
|
|
Lloyds Banking Group PLC 3.75% 1/11/2027
|
213
|
204
|
|
|
Lloyds Banking Group PLC 5.985% 8/7/2027
(1-year UST Yield Curve Rate T Note Constant Maturity + 1.48% on 8/7/2026)2
|
7,000
|
7,051
|
|
|
Lloyds Banking Group PLC 5.462% 1/5/2028
(1-year UST Yield Curve Rate T Note Constant Maturity + 1.375% on 1/5/2027)2
|
325
|
324
|
|
|
Lloyds Banking Group PLC 4.375% 3/22/2028
|
590
|
570
|
|
|
Lloyds Banking Group PLC 5.871% 3/6/2029
(1-year UST Yield Curve Rate T Note Constant Maturity + 1.70% on 3/6/2028)2
|
883
|
892
|
|
|
Lloyds Banking Group PLC 5.679% 1/5/2035
(1-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 1/5/2034)2
|
4,300
|
4,256
|
|
|
M&T Bank Corp. 7.413% 10/30/2029 (USD-SOFR + 2.80% on 10/30/2028)2
|
1,310
|
1,373
|
|
|
M&T Bank Corp. 5.053% 1/27/2034 (USD-SOFR + 1.85% on 1/27/2033)2
|
3,799
|
3,490
|
|
|
Marsh & McLennan Companies, Inc. 5.40% 9/15/2033
|
250
|
255
|
|
|
MetLife, Inc. 5.375% 7/15/2033
|
2,754
|
2,768
|
|
|
MetLife, Inc. 4.60% 5/13/2046
|
100
|
89
|
|
|
MetLife, Inc. 5.00% 7/15/2052
|
230
|
215
|
|
|
Metropolitan Life Global Funding I 0.95% 7/2/20251
|
1,203
|
1,136
|
|
|
Metropolitan Life Global Funding I 3.45% 12/18/20261
|
150
|
144
|
|
|
Metropolitan Life Global Funding I 4.40% 6/30/20271
|
1,000
|
975
|
|
|
Metropolitan Life Global Funding I 5.05% 1/6/20281
|
350
|
349
|
|
|
Metropolitan Life Global Funding I 4.85% 1/8/20291
|
250
|
247
|
|
|
Metropolitan Life Global Funding I 3.05% 6/17/20291
|
250
|
225
|
|
|
Metropolitan Life Global Funding I 2.95% 4/9/20301
|
476
|
419
|
|
|
Metropolitan Life Global Funding I 2.40% 1/11/20321
|
250
|
204
|
|
|
Metropolitan Life Global Funding I 5.15% 3/28/20331
|
1,568
|
1,552
|
|
|
Metropolitan Life Global Funding I 5.05% 1/8/20341
|
500
|
490
|
|
|
Mizuho Financial Group, Inc. 5.778% 7/6/2029
(1-year UST Yield Curve Rate T Note Constant Maturity + 1.65% on 7/6/2028)2
|
3,759
|
3,832
|
|
|
Morgan Stanley 2.63% 2/18/2026 (USD-SOFR + 0.94% on 2/18/2025)2
|
101
|
98
|
|
|
Morgan Stanley 2.239% 7/21/2032 (USD-SOFR + 1.178% on 7/21/2031)2
|
1,341
|
1,081
|
|
|
Morgan Stanley 5.25% 4/21/2034 (USD-SOFR + 1.87% on 4/21/2033)2
|
210
|
206
|
|
|
Morgan Stanley 5.424% 7/21/2034 (USD-SOFR + 1.88% on 7/21/2033)2
|
2,729
|
2,714
|
|
|
Morgan Stanley 6.627% 11/1/2034 (USD-SOFR + 2.05% on 11/1/2033)2
|
6,322
|
6,853
|
|
|
Morgan Stanley 5.466% 1/18/2035 (USD-SOFR + 1.73% on 1/18/2034)2
|
9,864
|
9,856
|
|
|
Morgan Stanley 3.217% 4/22/2042 (USD-SOFR + 1.485% on 4/22/2041)2
|
667
|
502
|
|
|
National Australia Bank, Ltd. 4.951% 1/10/20341
|
2,518
|
2,488
|
|
|
NatWest Group PLC 3.073% 5/22/2028
(1-year UST Yield Curve Rate T Note Constant Maturity + 2.55% on 5/22/2027)2
|
340
|
316
|
|
|
NatWest Group PLC 4.445% 5/8/2030 (3-month USD-LIBOR + 1.871% on 5/5/2029)2,4
|
370
|
350
|
|
|
NatWest Group PLC 6.016% 3/2/2034
(1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 3/2/2033)2
|
500
|
510
|
|
|
New York Life Global Funding 3.00% 1/10/20281
|
100
|
93
|
|
|
New York Life Global Funding 1.20% 8/7/20301
|
1,500
|
1,181
|
|
|
New York Life Global Funding 1.85% 8/1/20311
|
250
|
199
|
|
|
New York Life Global Funding 4.55% 1/28/20331
|
2,155
|
2,054
|
|
|
New York Life Global Funding 5.00% 1/9/20341
|
2,550
|
2,506
|
|
|
Northwestern Mutual Life Insurance Co. (The) 4.90% 6/12/20281
|
1,010
|
1,000
|
|
|
PayPal Holdings, Inc. 5.05% 6/1/2052
|
268
|
252
|
|
|
PNC Financial Services Group, Inc. 5.30% 1/21/2028 (USD-SOFR + 1.342% on 1/21/2027)2
|
2,000
|
1,998
|
|
|
PNC Financial Services Group, Inc. 5.354% 12/2/2028 (USD-SOFR + 1.62% on 12/2/2027)2
|
2,500
|
2,502
|
|
|
PNC Financial Services Group, Inc. 6.037% 10/28/2033 (USD-SOFR + 2.14% on 10/28/2032)2
|
1,057
|
1,085
|
|
|
PNC Financial Services Group, Inc. 6.875% 10/20/2034 (USD-SOFR + 2.284% on 10/20/2033)2
|
3,650
|
3,956
|
|
|
PNC Financial Services Group, Inc. 5.676% 1/22/2035 (USD-SOFR + 1.902% on 1/22/2034)2
|
6,010
|
6,030
|
|
American Funds Corporate Bond Fund — Page 3 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Financials (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Prudential Financial, Inc. 3.70% 3/13/2051
|
USD725
|
$554
|
|
|
Royal Bank of Canada 5.00% 2/1/2033
|
3,000
|
2,951
|
|
|
State Street Corp. 5.159% 5/18/2034 (USD-SOFR + 1.89% on 5/18/2033)2
|
3,086
|
3,051
|
|
|
Sumitomo Mitsui Financial Group, Inc. 5.88% 7/13/2026
|
4,311
|
4,376
|
|
|
Synchrony Financial 2.875% 10/28/2031
|
1,800
|
1,414
|
|
|
Toronto-Dominion Bank (The) 5.523% 7/17/2028
|
6,820
|
6,938
|
|
|
Travelers Companies, Inc. 4.00% 5/30/2047
|
105
|
87
|
|
|
Travelers Companies, Inc. 4.05% 3/7/2048
|
100
|
84
|
|
|
Travelers Companies, Inc. 2.55% 4/27/2050
|
452
|
282
|
|
|
Travelers Companies, Inc. 5.45% 5/25/2053
|
687
|
702
|
|
|
Truist Financial Corp. 7.161% 10/30/2029 (USD-SOFR + 2.446% on 10/30/2028)2
|
2,127
|
2,252
|
|
|
Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033)2
|
1,877
|
1,878
|
|
|
Truist Financial Corp. 5.711% 1/24/2035 (USD-SOFR + 1.922% on 1/24/2034)2
|
6,050
|
5,994
|
|
|
U.S. Bancorp 4.653% 2/1/2029 (USD-SOFR + 1.23% on 2/1/2028)2
|
4,522
|
4,400
|
|
|
U.S. Bancorp 4.839% 2/1/2034 (USD-SOFR + 1.60% on 2/1/2033)2
|
3,384
|
3,186
|
|
|
U.S. Bancorp 5.678% 1/23/2035 (USD-SOFR + 1.86% on 1/23/2034)2
|
7,000
|
6,988
|
|
|
UBS Group AG 1.364% 1/30/2027
(5-year UST Yield Curve Rate T Note Constant Maturity + 1.08% on 1/30/2026)1,2
|
2,600
|
2,396
|
|
|
UBS Group AG 5.428% 2/8/2030
(1-year UST Yield Curve Rate T Note Constant Maturity + 1.52% on 2/8/2029)1,2
|
250
|
248
|
|
|
UBS Group AG 4.194% 4/1/2031 (USD-SOFR + 3.73% on 4/1/2030)1,2
|
5,202
|
4,786
|
|
|
UBS Group AG 3.091% 5/14/2032 (USD-SOFR + 1.73% on 5/14/2031)1,2
|
500
|
420
|
|
|
UBS Group AG 5.699% 2/8/2035
(1-year UST Yield Curve Rate T Note Constant Maturity + 1.77% on 2/8/2034)1,2
|
2,240
|
2,217
|
|
|
Wells Fargo & Co. 3.35% 3/2/2033 (USD-SOFR + 1.50% on 3/2/2032)2
|
3,293
|
2,827
|
|
|
Wells Fargo & Co. 5.389% 4/24/2034 (USD-SOFR + 2.02% on 4/24/2033)2
|
7,101
|
6,987
|
|
|
Wells Fargo & Co. 5.557% 7/25/2034 (USD-SOFR + 1.99% on 7/25/2033)2
|
1,540
|
1,535
|
|
|
Wells Fargo & Co. 6.491% 10/23/2034 (USD-SOFR + 2.06% on 10/23/2033)2
|
2,945
|
3,133
|
|
|
Wells Fargo & Co. 4.611% 4/25/2053 (USD-SOFR + 2.13% on 4/25/2052)2
|
7,388
|
6,446
|
|
|
Westpac Banking Corp. 2.668% 11/15/2035
(5-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 11/15/2030)2
|
1,225
|
1,000
|
|
|
Willis North America, Inc. 5.90% 3/5/2054
|
500
|
500
|
|
|
|
|
|
381,806
|
|
Health care 16.62%
|
|
|
|
|
AbbVie, Inc. 4.80% 3/15/2029
|
7,690
|
7,656
|
|
|
AbbVie, Inc. 5.05% 3/15/2034
|
26,701
|
26,844
|
|
|
AbbVie, Inc. 5.35% 3/15/2044
|
300
|
303
|
|
|
AbbVie, Inc. 5.40% 3/15/2054
|
11,480
|
11,662
|
|
|
AbbVie, Inc. 5.50% 3/15/2064
|
925
|
936
|
|
|
Amgen, Inc. 5.15% 3/2/2028
|
4,976
|
4,988
|
|
|
Amgen, Inc. 3.00% 2/22/2029
|
3,165
|
2,905
|
|
|
Amgen, Inc. 2.45% 2/21/2030
|
1,250
|
1,087
|
|
|
Amgen, Inc. 5.25% 3/2/2030
|
2,706
|
2,727
|
|
|
Amgen, Inc. 2.30% 2/25/2031
|
1,250
|
1,046
|
|
|
Amgen, Inc. 4.20% 3/1/2033
|
3,500
|
3,239
|
|
|
Amgen, Inc. 5.25% 3/2/2033
|
10,053
|
10,029
|
|
|
Amgen, Inc. 5.60% 3/2/2043
|
2,850
|
2,855
|
|
|
Amgen, Inc. 3.375% 2/21/2050
|
125
|
90
|
|
|
Amgen, Inc. 3.00% 1/15/2052
|
50
|
33
|
|
|
Amgen, Inc. 4.875% 3/1/2053
|
2,438
|
2,189
|
|
|
Amgen, Inc. 5.65% 3/2/2053
|
6,271
|
6,273
|
|
|
Amgen, Inc. 4.40% 2/22/2062
|
174
|
140
|
|
|
Amgen, Inc. 5.75% 3/2/2063
|
3,610
|
3,614
|
|
American Funds Corporate Bond Fund — Page 4 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Health care (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
AstraZeneca Finance, LLC 4.85% 2/26/2029
|
USD3,500
|
$3,500
|
|
|
AstraZeneca Finance, LLC 4.90% 2/26/2031
|
3,295
|
3,289
|
|
|
AstraZeneca Finance, LLC 2.25% 5/28/2031
|
1,061
|
890
|
|
|
AstraZeneca Finance, LLC 5.00% 2/26/2034
|
4,789
|
4,807
|
|
|
AstraZeneca PLC 3.375% 11/16/2025
|
177
|
172
|
|
|
AstraZeneca PLC 0.70% 4/8/2026
|
2,658
|
2,433
|
|
|
AstraZeneca PLC 1.375% 8/6/2030
|
2,347
|
1,903
|
|
|
Baxter International, Inc. 2.272% 12/1/2028
|
500
|
438
|
|
|
Baxter International, Inc. 2.539% 2/1/2032
|
6,429
|
5,273
|
|
|
Baxter International, Inc. 3.132% 12/1/2051
|
456
|
298
|
|
|
Bayer US Finance, LLC 6.50% 11/21/20331
|
8,569
|
8,579
|
|
|
Bayer US Finance, LLC 6.875% 11/21/20531
|
2,469
|
2,473
|
|
|
Becton, Dickinson and Co. 4.874% 2/8/2029
|
2,000
|
1,976
|
|
|
Boston Scientific Corp. 3.45% 3/1/2024
|
125
|
125
|
|
|
Boston Scientific Corp. 2.65% 6/1/2030
|
3,280
|
2,868
|
|
|
Boston Scientific Corp. 4.70% 3/1/2049
|
36
|
33
|
|
|
Bristol-Myers Squibb Co. 4.90% 2/22/2029
|
1,855
|
1,851
|
|
|
Bristol-Myers Squibb Co. 5.20% 2/22/2034
|
16,029
|
16,166
|
|
|
Bristol-Myers Squibb Co. 5.50% 2/22/2044
|
975
|
987
|
|
|
Bristol-Myers Squibb Co. 2.55% 11/13/2050
|
537
|
326
|
|
|
Bristol-Myers Squibb Co. 3.70% 3/15/2052
|
558
|
424
|
|
|
Bristol-Myers Squibb Co. 6.25% 11/15/2053
|
3,411
|
3,781
|
|
|
Bristol-Myers Squibb Co. 5.55% 2/22/2054
|
6,925
|
7,012
|
|
|
Bristol-Myers Squibb Co. 6.40% 11/15/2063
|
1,230
|
1,375
|
|
|
Bristol-Myers Squibb Co. 5.65% 2/22/2064
|
1,925
|
1,944
|
|
|
Cencora, Inc. 2.70% 3/15/2031
|
1,622
|
1,386
|
|
|
Centene Corp. 2.45% 7/15/2028
|
6,355
|
5,607
|
|
|
Centene Corp. 4.625% 12/15/2029
|
2,470
|
2,340
|
|
|
Centene Corp. 3.375% 2/15/2030
|
1,963
|
1,733
|
|
|
Centene Corp. 3.00% 10/15/2030
|
4,185
|
3,579
|
|
|
Centene Corp. 2.50% 3/1/2031
|
6,040
|
4,953
|
|
|
Centene Corp. 2.625% 8/1/2031
|
1,530
|
1,253
|
|
|
Cigna Group (The) 5.125% 5/15/2031
|
1,100
|
1,088
|
|
|
Cigna Group (The) 5.25% 2/15/2034
|
7,475
|
7,390
|
|
|
CVS Health Corp. 3.25% 8/15/2029
|
414
|
377
|
|
|
CVS Health Corp. 5.125% 2/21/2030
|
1,700
|
1,690
|
|
|
CVS Health Corp. 1.75% 8/21/2030
|
1,415
|
1,150
|
|
|
CVS Health Corp. 1.875% 2/28/2031
|
3,295
|
2,651
|
|
|
CVS Health Corp. 5.25% 2/21/2033
|
5,024
|
4,975
|
|
|
CVS Health Corp. 5.30% 6/1/2033
|
3,200
|
3,178
|
|
|
CVS Health Corp. 5.05% 3/25/2048
|
65
|
58
|
|
|
CVS Health Corp. 5.625% 2/21/2053
|
1,400
|
1,346
|
|
|
CVS Health Corp. 5.875% 6/1/2053
|
2,980
|
2,973
|
|
|
CVS Health Corp. 6.00% 6/1/2063
|
503
|
504
|
|
|
Elevance Health, Inc. 4.10% 5/15/2032
|
1,287
|
1,186
|
|
|
Elevance Health, Inc. 4.75% 2/15/2033
|
863
|
835
|
|
|
Elevance Health, Inc. 4.55% 5/15/2052
|
1,157
|
1,012
|
|
|
Elevance Health, Inc. 5.125% 2/15/2053
|
390
|
369
|
|
|
Eli Lilly and Co. 3.375% 3/15/2029
|
3,000
|
2,828
|
|
|
GE HealthCare Technologies, Inc. 5.65% 11/15/2027
|
700
|
711
|
|
|
GE HealthCare Technologies, Inc. 5.857% 3/15/2030
|
1,180
|
1,221
|
|
|
GE HealthCare Technologies, Inc. 5.905% 11/22/2032
|
1,740
|
1,809
|
|
|
GE HealthCare Technologies, Inc. 6.377% 11/22/2052
|
225
|
250
|
|
|
Gilead Sciences, Inc. 5.25% 10/15/2033
|
10,979
|
11,113
|
|
American Funds Corporate Bond Fund — Page 5 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Health care (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Gilead Sciences, Inc. 2.60% 10/1/2040
|
USD622
|
$435
|
|
|
Gilead Sciences, Inc. 5.55% 10/15/2053
|
4,121
|
4,205
|
|
|
HCA, Inc. 5.20% 6/1/2028
|
5,000
|
4,984
|
|
|
HCA, Inc. 4.125% 6/15/2029
|
1,000
|
942
|
|
|
HCA, Inc. 2.375% 7/15/2031
|
2,455
|
1,999
|
|
|
Kaiser Foundation Hospitals 2.81% 6/1/2041
|
660
|
483
|
|
|
Mass General Brigham, Inc. 3.192% 7/1/2049
|
1,000
|
713
|
|
|
Medtronic Global Holdings S.C.A. 4.50% 3/30/2033
|
1,300
|
1,252
|
|
|
Merck & Co., Inc. 2.15% 12/10/2031
|
2,000
|
1,658
|
|
|
Merck & Co., Inc. 2.75% 12/10/2051
|
3,164
|
2,043
|
|
|
Merck & Co., Inc. 5.15% 5/17/2063
|
1,360
|
1,329
|
|
|
Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033
|
14,010
|
13,648
|
|
|
Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053
|
6,413
|
6,278
|
|
|
Roche Holdings, Inc. 2.076% 12/13/20311
|
7,280
|
5,962
|
|
|
Roche Holdings, Inc. 5.593% 11/13/20331
|
200
|
209
|
|
|
Solventum Corp. 5.60% 3/23/20341
|
8,275
|
8,226
|
|
|
UnitedHealth Group, Inc. 2.875% 8/15/2029
|
348
|
316
|
|
|
UnitedHealth Group, Inc. 4.20% 5/15/2032
|
2,484
|
2,342
|
|
|
UnitedHealth Group, Inc. 3.05% 5/15/2041
|
2,000
|
1,487
|
|
|
UnitedHealth Group, Inc. 4.25% 6/15/2048
|
468
|
394
|
|
|
UnitedHealth Group, Inc. 4.45% 12/15/2048
|
285
|
251
|
|
|
UnitedHealth Group, Inc. 3.25% 5/15/2051
|
1,938
|
1,361
|
|
|
UnitedHealth Group, Inc. 4.75% 5/15/2052
|
2,486
|
2,263
|
|
|
UnitedHealth Group, Inc. 4.95% 5/15/2062
|
530
|
490
|
|
|
UnitedHealth Group, Inc. 6.05% 2/15/2063
|
414
|
449
|
|
|
|
|
|
294,823
|
|
Utilities 14.71%
|
|
|
|
|
AEP Transmission Co., LLC 3.65% 4/1/2050
|
25
|
19
|
|
|
AEP Transmission Co., LLC 2.75% 8/15/2051
|
476
|
298
|
|
|
American Electric Power Co., Inc. 1.00% 11/1/2025
|
650
|
604
|
|
|
American Transmission Systems, Inc. 2.65% 1/15/20321
|
685
|
563
|
|
|
Berkshire Hathaway Energy Co. 4.60% 5/1/2053
|
415
|
355
|
|
|
CenterPoint Energy, Inc. 2.65% 6/1/2031
|
5,389
|
4,522
|
|
|
Cleveland Electric Illuminating Co. (The) 3.50% 4/1/20281
|
1,000
|
932
|
|
|
Cleveland Electric Illuminating Co. (The) 4.55% 11/15/20301
|
2,500
|
2,335
|
|
|
Commonwealth Edison Co. 3.125% 3/15/2051
|
25
|
17
|
|
|
Consumers Energy Co. 4.90% 2/15/2029
|
2,000
|
1,996
|
|
|
Consumers Energy Co. 4.60% 5/30/2029
|
1,625
|
1,598
|
|
|
Consumers Energy Co. 3.60% 8/15/2032
|
1,000
|
904
|
|
|
DTE Energy Co. 3.00% 3/1/2032
|
1,000
|
864
|
|
|
Duke Energy Carolinas, LLC 3.20% 8/15/2049
|
37
|
26
|
|
|
Duke Energy Carolinas, LLC 5.35% 1/15/2053
|
1,780
|
1,745
|
|
|
Duke Energy Corp. 3.50% 6/15/2051
|
500
|
347
|
|
|
Duke Energy Florida, LLC 5.875% 11/15/2033
|
953
|
998
|
|
|
Duke Energy Florida, LLC 5.95% 11/15/2052
|
1,075
|
1,134
|
|
|
Duke Energy Progress, LLC 2.50% 8/15/2050
|
1,044
|
625
|
|
|
Edison International 4.125% 3/15/2028
|
6,853
|
6,553
|
|
|
Edison International 5.25% 11/15/2028
|
1,079
|
1,074
|
|
|
Electricité 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)1,2
|
4,725
|
5,255
|
|
|
Emera US Finance, LP 2.639% 6/15/2031
|
7,975
|
6,477
|
|
|
Entergy Corp. 2.40% 6/15/2031
|
2,100
|
1,731
|
|
|
Entergy Louisiana, LLC 1.60% 12/15/2030
|
475
|
377
|
|
American Funds Corporate Bond Fund — Page 6 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Utilities (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Entergy Louisiana, LLC 2.90% 3/15/2051
|
USD501
|
$315
|
|
|
Entergy Texas, Inc. 1.75% 3/15/2031
|
212
|
170
|
|
|
Eversource Energy 2.55% 3/15/2031
|
1,467
|
1,213
|
|
|
Eversource Energy 5.50% 1/1/2034
|
4,203
|
4,163
|
|
|
FirstEnergy Corp. 2.05% 3/1/2025
|
275
|
265
|
|
|
FirstEnergy Corp. 1.60% 1/15/2026
|
4,125
|
3,820
|
|
|
FirstEnergy Corp. 2.65% 3/1/2030
|
8,442
|
7,225
|
|
|
FirstEnergy Corp. 2.25% 9/1/2030
|
8,830
|
7,277
|
|
|
FirstEnergy Corp. 3.40% 3/1/2050
|
2,173
|
1,454
|
|
|
FirstEnergy Corp., Series B, 4.15% 7/15/2027
|
5,786
|
5,501
|
|
|
FirstEnergy Transmission, LLC 2.866% 9/15/20281
|
15,525
|
14,037
|
|
|
Florida Power & Light Co. 5.05% 4/1/2028
|
3,225
|
3,251
|
|
|
Florida Power & Light Co. 2.45% 2/3/2032
|
24
|
20
|
|
|
Florida Power & Light Co. 2.875% 12/4/2051
|
1,000
|
651
|
|
|
Georgia Power Co. 4.95% 5/17/2033
|
1,475
|
1,445
|
|
|
Georgia Power Co. 5.25% 3/15/2034
|
7,150
|
7,124
|
|
|
Jersey Central Power & Light Co. 4.30% 1/15/20261
|
1,085
|
1,059
|
|
|
Jersey Central Power & Light Co. 2.75% 3/1/20321
|
250
|
207
|
|
|
Metropolitan Edison Co. 4.30% 1/15/20291
|
200
|
192
|
|
|
MidAmerican Energy Co. 3.15% 4/15/2050
|
1,833
|
1,257
|
|
|
Mid-Atlantic Interstate Transmission, LLC 4.10% 5/15/20281
|
3,000
|
2,875
|
|
|
Mississippi Power Co. 4.25% 3/15/2042
|
600
|
501
|
|
|
NextEra Energy Capital Holdings, Inc. 4.90% 2/28/2028
|
4,980
|
4,940
|
|
|
NiSource, Inc. 5.40% 6/30/2033
|
1,000
|
1,001
|
|
|
Northern States Power Co. 2.25% 4/1/2031
|
845
|
709
|
|
|
Northern States Power Co. 2.60% 6/1/2051
|
250
|
155
|
|
|
Northern States Power Co. 4.50% 6/1/2052
|
1,610
|
1,408
|
|
|
Northern States Power Co. 5.10% 5/15/2053
|
738
|
707
|
|
|
Oncor Electric Delivery Co., LLC 5.65% 11/15/2033
|
2,027
|
2,095
|
|
|
Pacific Gas and Electric Co. 3.15% 1/1/2026
|
2,215
|
2,118
|
|
|
Pacific Gas and Electric Co. 2.95% 3/1/2026
|
343
|
326
|
|
|
Pacific Gas and Electric Co. 2.10% 8/1/2027
|
1,252
|
1,122
|
|
|
Pacific Gas and Electric Co. 3.00% 6/15/2028
|
9,942
|
9,034
|
|
|
Pacific Gas and Electric Co. 3.75% 7/1/2028
|
4,007
|
3,733
|
|
|
Pacific Gas and Electric Co. 4.65% 8/1/2028
|
1,442
|
1,381
|
|
|
Pacific Gas and Electric Co. 4.55% 7/1/2030
|
3,625
|
3,406
|
|
|
Pacific Gas and Electric Co. 2.50% 2/1/2031
|
26,590
|
21,809
|
|
|
Pacific Gas and Electric Co. 3.25% 6/1/2031
|
1,200
|
1,030
|
|
|
Pacific Gas and Electric Co. 4.40% 3/1/2032
|
1,826
|
1,662
|
|
|
Pacific Gas and Electric Co. 5.90% 6/15/2032
|
791
|
796
|
|
|
Pacific Gas and Electric Co. 6.15% 1/15/2033
|
1,101
|
1,127
|
|
|
Pacific Gas and Electric Co. 6.40% 6/15/2033
|
4,134
|
4,301
|
|
|
Pacific Gas and Electric Co. 5.80% 5/15/2034
|
1,002
|
1,002
|
|
|
Pacific Gas and Electric Co. 3.30% 8/1/2040
|
50
|
36
|
|
|
Pacific Gas and Electric Co. 4.95% 7/1/2050
|
2,402
|
2,042
|
|
|
Pacific Gas and Electric Co. 3.50% 8/1/2050
|
1,158
|
781
|
|
|
PacifiCorp 5.10% 2/15/2029
|
1,322
|
1,319
|
|
|
PacifiCorp 2.70% 9/15/2030
|
4,000
|
3,437
|
|
|
PacifiCorp 5.30% 2/15/2031
|
4,640
|
4,593
|
|
|
PacifiCorp 5.45% 2/15/2034
|
5,205
|
5,133
|
|
|
PacifiCorp 4.15% 2/15/2050
|
275
|
214
|
|
|
PacifiCorp 3.30% 3/15/2051
|
175
|
115
|
|
|
PacifiCorp 2.90% 6/15/2052
|
4,390
|
2,680
|
|
|
PacifiCorp 5.35% 12/1/2053
|
3,645
|
3,372
|
|
American Funds Corporate Bond Fund — Page 7 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Utilities (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
PacifiCorp 5.50% 5/15/2054
|
USD2,923
|
$2,734
|
|
|
PacifiCorp 5.80% 1/15/2055
|
3,105
|
3,004
|
|
|
Progress Energy, Inc. 7.00% 10/30/2031
|
1,398
|
1,543
|
|
|
Public Service Company of Colorado 1.90% 1/15/2031
|
605
|
493
|
|
|
Public Service Company of Colorado 4.10% 6/15/2048
|
806
|
642
|
|
|
Public Service Company of Colorado 3.20% 3/1/2050
|
1,236
|
840
|
|
|
Public Service Company of Colorado 2.70% 1/15/2051
|
2,875
|
1,742
|
|
|
Public Service Company of Colorado 5.25% 4/1/2053
|
1,010
|
956
|
|
|
San Diego Gas & Electric Co. 4.95% 8/15/2028
|
1,000
|
1,000
|
|
|
Southern California Edison Co. 4.875% 2/1/2027
|
5,000
|
4,974
|
|
|
Southern California Edison Co. 3.65% 3/1/2028
|
1,521
|
1,442
|
|
|
Southern California Edison Co. 5.65% 10/1/2028
|
4,370
|
4,477
|
|
|
Southern California Edison Co. 2.25% 6/1/2030
|
1,000
|
845
|
|
|
Southern California Edison Co. 2.50% 6/1/2031
|
5,000
|
4,202
|
|
|
Southern California Edison Co. 5.20% 6/1/2034
|
7,827
|
7,662
|
|
|
Southern California Edison Co. 3.60% 2/1/2045
|
1,180
|
875
|
|
|
Southern California Edison Co. 3.65% 2/1/2050
|
684
|
501
|
|
|
Southern California Edison Co. 2.95% 2/1/2051
|
4,500
|
2,897
|
|
|
Southern California Edison Co. 3.45% 2/1/2052
|
693
|
484
|
|
|
Southern California Edison Co. 5.75% 4/15/2054
|
4,600
|
4,587
|
|
|
Southwestern Electric Power Co. 3.25% 11/1/2051
|
2,223
|
1,463
|
|
|
WEC Energy Group, Inc. 5.15% 10/1/2027
|
3,475
|
3,473
|
|
|
Wisconsin Power and Light Co. 1.95% 9/16/2031
|
775
|
617
|
|
|
Xcel Energy, Inc. 2.60% 12/1/2029
|
4,000
|
3,485
|
|
|
Xcel Energy, Inc. 2.35% 11/15/2031
|
4,929
|
3,957
|
|
|
Xcel Energy, Inc. 5.45% 8/15/2033
|
3,525
|
3,492
|
|
|
Xcel Energy, Inc. 5.50% 3/15/2034
|
4,370
|
4,296
|
|
|
Xcel Energy, Inc. 3.50% 12/1/2049
|
1,783
|
1,229
|
|
|
|
|
|
260,867
|
|
Industrials 8.83%
|
|
|
|
|
Boeing Co. 4.875% 5/1/2025
|
783
|
776
|
|
|
Boeing Co. 2.75% 2/1/2026
|
16,088
|
15,285
|
|
|
Boeing Co. 2.196% 2/4/2026
|
2,250
|
2,112
|
|
|
Boeing Co. 2.70% 2/1/2027
|
505
|
471
|
|
|
Boeing Co. 5.04% 5/1/2027
|
336
|
333
|
|
|
Boeing Co. 3.25% 2/1/2028
|
11,627
|
10,793
|
|
|
Boeing Co. 5.15% 5/1/2030
|
5,481
|
5,394
|
|
|
Boeing Co. 3.625% 2/1/2031
|
224
|
201
|
|
|
Boeing Co. 5.705% 5/1/2040
|
1,551
|
1,512
|
|
|
Boeing Co. 5.805% 5/1/2050
|
4,096
|
3,952
|
|
|
Boeing Co. 5.93% 5/1/2060
|
2,430
|
2,329
|
|
|
Burlington Northern Santa Fe, LLC 3.05% 2/15/2051
|
2,000
|
1,368
|
|
|
Burlington Northern Santa Fe, LLC 3.30% 9/15/2051
|
227
|
163
|
|
|
Canadian National Railway Co. 5.85% 11/1/2033
|
400
|
425
|
|
|
Canadian National Railway Co. 6.125% 11/1/2053
|
871
|
990
|
|
|
Canadian Pacific Railway Co. 1.75% 12/2/2026
|
2,456
|
2,253
|
|
|
Canadian Pacific Railway Co. 3.10% 12/2/2051
|
5,351
|
3,641
|
|
|
Carrier Global Corp. 2.242% 2/15/2025
|
191
|
185
|
|
|
Carrier Global Corp. 5.80% 11/30/2025
|
250
|
252
|
|
|
Carrier Global Corp. 2.493% 2/15/2027
|
50
|
46
|
|
|
Carrier Global Corp. 2.722% 2/15/2030
|
1,048
|
918
|
|
|
Carrier Global Corp. 2.70% 2/15/2031
|
60
|
51
|
|
|
Carrier Global Corp. 5.90% 3/15/2034
|
1,768
|
1,835
|
|
American Funds Corporate Bond Fund — Page 8 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Industrials (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Carrier Global Corp. 3.377% 4/5/2040
|
USD119
|
$92
|
|
|
Carrier Global Corp. 3.577% 4/5/2050
|
148
|
109
|
|
|
Carrier Global Corp. 6.20% 3/15/2054
|
1,538
|
1,680
|
|
|
CSX Corp. 3.80% 3/1/2028
|
1,559
|
1,501
|
|
|
CSX Corp. 4.25% 3/15/2029
|
1,000
|
975
|
|
|
CSX Corp. 4.10% 11/15/2032
|
389
|
364
|
|
|
CSX Corp. 5.20% 11/15/2033
|
275
|
277
|
|
|
CSX Corp. 3.35% 9/15/2049
|
1,015
|
729
|
|
|
CSX Corp. 2.50% 5/15/2051
|
2,079
|
1,269
|
|
|
CSX Corp. 4.50% 11/15/2052
|
350
|
307
|
|
|
General Dynamics Corp. 1.15% 6/1/2026
|
1,140
|
1,051
|
|
|
General Dynamics Corp. 3.75% 5/15/2028
|
703
|
678
|
|
|
General Dynamics Corp. 3.625% 4/1/2030
|
969
|
906
|
|
|
General Dynamics Corp. 2.25% 6/1/2031
|
203
|
171
|
|
|
Honeywell International, Inc. 2.30% 8/15/2024
|
80
|
79
|
|
|
Honeywell International, Inc. 1.35% 6/1/2025
|
124
|
119
|
|
|
Honeywell International, Inc. 4.875% 9/1/2029
|
250
|
250
|
|
|
Honeywell International, Inc. 1.95% 6/1/2030
|
1,935
|
1,637
|
|
|
Honeywell International, Inc. 4.95% 9/1/2031
|
250
|
250
|
|
|
Honeywell International, Inc. 5.00% 3/1/2035
|
4,560
|
4,549
|
|
|
Honeywell International, Inc. 5.25% 3/1/2054
|
1,270
|
1,269
|
|
|
Honeywell International, Inc. 5.35% 3/1/2064
|
250
|
250
|
|
|
Ingersoll-Rand, Inc. 5.40% 8/14/2028
|
946
|
954
|
|
|
Ingersoll-Rand, Inc. 5.70% 8/14/2033
|
479
|
487
|
|
|
L3Harris Technologies, Inc. 5.40% 7/31/2033
|
2,124
|
2,127
|
|
|
Lockheed Martin Corp. 5.10% 11/15/2027
|
856
|
866
|
|
|
Lockheed Martin Corp. 4.50% 2/15/2029
|
6,646
|
6,535
|
|
|
Lockheed Martin Corp. 1.85% 6/15/2030
|
176
|
147
|
|
|
Lockheed Martin Corp. 5.25% 1/15/2033
|
3,624
|
3,701
|
|
|
Lockheed Martin Corp. 4.75% 2/15/2034
|
198
|
194
|
|
|
Lockheed Martin Corp. 4.80% 8/15/2034
|
6,756
|
6,610
|
|
|
Lockheed Martin Corp. 5.70% 11/15/2054
|
1,212
|
1,280
|
|
|
Lockheed Martin Corp. 5.20% 2/15/2055
|
218
|
214
|
|
|
Lockheed Martin Corp. 5.90% 11/15/2063
|
236
|
257
|
|
|
Lockheed Martin Corp. 5.20% 2/15/2064
|
2,190
|
2,141
|
|
|
Norfolk Southern Corp. 5.05% 8/1/2030
|
4,576
|
4,575
|
|
|
Norfolk Southern Corp. 4.45% 3/1/2033
|
245
|
234
|
|
|
Norfolk Southern Corp. 5.35% 8/1/2054
|
3,366
|
3,302
|
|
|
Northrop Grumman Corp. 3.25% 1/15/2028
|
1,210
|
1,135
|
|
|
Northrop Grumman Corp. 4.70% 3/15/2033
|
9,727
|
9,393
|
|
|
Northrop Grumman Corp. 4.95% 3/15/2053
|
3,793
|
3,509
|
|
|
Otis Worldwide Corp. 5.25% 8/16/2028
|
1,500
|
1,512
|
|
|
RTX Corp. 5.00% 2/27/2026
|
165
|
165
|
|
|
RTX Corp. 5.75% 11/8/2026
|
1,000
|
1,015
|
|
|
RTX Corp. 4.125% 11/16/2028
|
475
|
456
|
|
|
RTX Corp. 5.75% 1/15/2029
|
500
|
515
|
|
|
RTX Corp. 6.00% 3/15/2031
|
531
|
553
|
|
|
RTX Corp. 1.90% 9/1/2031
|
219
|
175
|
|
|
RTX Corp. 5.15% 2/27/2033
|
573
|
568
|
|
|
RTX Corp. 6.10% 3/15/2034
|
2,753
|
2,908
|
|
|
RTX Corp. 2.82% 9/1/2051
|
750
|
470
|
|
|
RTX Corp. 3.03% 3/15/2052
|
3,000
|
1,963
|
|
|
RTX Corp. 5.375% 2/27/2053
|
129
|
125
|
|
|
RTX Corp. 6.40% 3/15/2054
|
1,730
|
1,916
|
|
American Funds Corporate Bond Fund — Page 9 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Industrials (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Union Pacific Corp. 4.75% 2/21/2026
|
USD5,000
|
$4,990
|
|
|
Union Pacific Corp. 2.80% 2/14/2032
|
1,512
|
1,299
|
|
|
Union Pacific Corp. 3.375% 2/14/2042
|
530
|
415
|
|
|
Union Pacific Corp. 4.30% 3/1/2049
|
510
|
433
|
|
|
Union Pacific Corp. 3.25% 2/5/2050
|
1,851
|
1,335
|
|
|
Union Pacific Corp. 2.95% 3/10/2052
|
2,503
|
1,676
|
|
|
Union Pacific Corp. 3.50% 2/14/2053
|
1,910
|
1,423
|
|
|
Union Pacific Corp. 3.95% 8/15/2059
|
175
|
136
|
|
|
Veralto Corp. 5.35% 9/18/20281
|
750
|
756
|
|
|
Veralto Corp. 5.45% 9/18/20331
|
2,000
|
2,010
|
|
|
Waste Management, Inc. 4.625% 2/15/2030
|
4,000
|
3,937
|
|
|
Waste Management, Inc. 1.50% 3/15/2031
|
616
|
490
|
|
|
Waste Management, Inc. 4.875% 2/15/2034
|
4,000
|
3,922
|
|
|
|
|
|
156,621
|
|
Consumer staples 5.39%
|
|
|
|
|
7-Eleven, Inc. 0.95% 2/10/20261
|
3,528
|
3,253
|
|
|
7-Eleven, Inc. 1.30% 2/10/20281
|
1,841
|
1,599
|
|
|
7-Eleven, Inc. 1.80% 2/10/20311
|
2,661
|
2,121
|
|
|
7-Eleven, Inc. 2.80% 2/10/20511
|
762
|
473
|
|
|
Altria Group, Inc. 3.40% 5/6/2030
|
479
|
431
|
|
|
Altria Group, Inc. 3.70% 2/4/2051
|
2,040
|
1,391
|
|
|
Anheuser-Busch Companies, LLC 4.70% 2/1/2036
|
2,100
|
2,011
|
|
|
Anheuser-Busch Companies, LLC 4.90% 2/1/2046
|
2,493
|
2,306
|
|
|
Anheuser-Busch InBev Worldwide, Inc. 4.75% 1/23/2029
|
2,000
|
1,985
|
|
|
Anheuser-Busch InBev Worldwide, Inc. 3.50% 6/1/2030
|
2,166
|
2,005
|
|
|
Anheuser-Busch InBev Worldwide, Inc. 4.439% 10/6/2048
|
280
|
245
|
|
|
Anheuser-Busch InBev Worldwide, Inc. 5.55% 1/23/2049
|
589
|
604
|
|
|
BAT Capital Corp. 2.789% 9/6/2024
|
600
|
591
|
|
|
BAT Capital Corp. 3.215% 9/6/2026
|
470
|
446
|
|
|
BAT Capital Corp. 2.259% 3/25/2028
|
499
|
442
|
|
|
BAT Capital Corp. 6.421% 8/2/2033
|
3,878
|
3,992
|
|
|
BAT Capital Corp. 6.00% 2/20/2034
|
1,435
|
1,421
|
|
|
BAT Capital Corp. 3.734% 9/25/2040
|
860
|
626
|
|
|
BAT Capital Corp. 7.079% 8/2/2043
|
1,306
|
1,362
|
|
|
BAT Capital Corp. 4.54% 8/15/2047
|
1,147
|
861
|
|
|
BAT Capital Corp. 5.65% 3/16/2052
|
680
|
598
|
|
|
BAT Capital Corp. 7.081% 8/2/2053
|
5,056
|
5,239
|
|
|
BAT International Finance PLC 4.448% 3/16/2028
|
475
|
458
|
|
|
Conagra Brands, Inc. 4.30% 5/1/2024
|
900
|
898
|
|
|
Conagra Brands, Inc. 4.60% 11/1/2025
|
720
|
710
|
|
|
Conagra Brands, Inc. 1.375% 11/1/2027
|
1,510
|
1,314
|
|
|
Conagra Brands, Inc. 5.30% 11/1/2038
|
371
|
352
|
|
|
Conagra Brands, Inc. 5.40% 11/1/2048
|
337
|
311
|
|
|
Constellation Brands, Inc. 4.35% 5/9/2027
|
1,000
|
978
|
|
|
Constellation Brands, Inc. 3.60% 2/15/2028
|
200
|
189
|
|
|
Constellation Brands, Inc. 4.80% 1/15/2029
|
2,680
|
2,643
|
|
|
Constellation Brands, Inc. 2.875% 5/1/2030
|
2,262
|
1,988
|
|
|
Constellation Brands, Inc. 2.25% 8/1/2031
|
3,083
|
2,517
|
|
|
Constellation Brands, Inc. 4.75% 5/9/2032
|
1,780
|
1,723
|
|
|
Constellation Brands, Inc. 4.90% 5/1/2033
|
3,846
|
3,732
|
|
|
Constellation Brands, Inc. 4.10% 2/15/2048
|
200
|
161
|
|
|
J. M. Smucker Co. (The) 6.20% 11/15/2033
|
556
|
588
|
|
|
J. M. Smucker Co. (The) 6.50% 11/15/2043
|
289
|
310
|
|
American Funds Corporate Bond Fund — Page 10 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Consumer staples (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
J. M. Smucker Co. (The) 6.50% 11/15/2053
|
USD786
|
$855
|
|
|
Keurig Dr Pepper, Inc. 3.20% 5/1/2030
|
239
|
216
|
|
|
Keurig Dr Pepper, Inc. 3.80% 5/1/2050
|
480
|
366
|
|
|
PepsiCo, Inc. 1.95% 10/21/2031
|
2,563
|
2,102
|
|
|
PepsiCo, Inc. 3.625% 3/19/2050
|
140
|
111
|
|
|
PepsiCo, Inc. 2.75% 10/21/2051
|
310
|
204
|
|
|
Philip Morris International, Inc. 4.875% 2/13/2026
|
5,000
|
4,978
|
|
|
Philip Morris International, Inc. 5.25% 9/7/2028
|
3,000
|
3,025
|
|
|
Philip Morris International, Inc. 5.625% 11/17/2029
|
1,028
|
1,053
|
|
|
Philip Morris International, Inc. 2.10% 5/1/2030
|
1,167
|
985
|
|
|
Philip Morris International, Inc. 5.50% 9/7/2030
|
3,000
|
3,030
|
|
|
Philip Morris International, Inc. 1.75% 11/1/2030
|
908
|
734
|
|
|
Philip Morris International, Inc. 5.75% 11/17/2032
|
5,214
|
5,321
|
|
|
Philip Morris International, Inc. 5.375% 2/15/2033
|
4,300
|
4,281
|
|
|
Philip Morris International, Inc. 5.625% 9/7/2033
|
2,600
|
2,629
|
|
|
Philip Morris International, Inc. 5.25% 2/13/2034
|
1,343
|
1,313
|
|
|
Philip Morris International, Inc. 4.125% 3/4/2043
|
258
|
211
|
|
|
Philip Morris International, Inc. 4.25% 11/10/2044
|
245
|
202
|
|
|
Procter & Gamble Co. 0.55% 10/29/2025
|
932
|
869
|
|
|
Procter & Gamble Co. 1.00% 4/23/2026
|
342
|
317
|
|
|
Procter & Gamble Co. 3.95% 1/26/2028
|
1,881
|
1,850
|
|
|
Procter & Gamble Co. 3.00% 3/25/2030
|
152
|
139
|
|
|
Procter & Gamble Co. 1.20% 10/29/2030
|
1,000
|
805
|
|
|
Reynolds American, Inc. 4.45% 6/12/2025
|
225
|
222
|
|
|
Walmart, Inc. 4.10% 4/15/2033
|
3,924
|
3,741
|
|
|
Walmart, Inc. 4.50% 4/15/2053
|
3,541
|
3,221
|
|
|
|
|
|
95,654
|
|
Communication services 5.38%
|
|
|
|
|
AT&T, Inc. 1.65% 2/1/2028
|
1,092
|
961
|
|
|
AT&T, Inc. 4.35% 3/1/2029
|
2,500
|
2,414
|
|
|
AT&T, Inc. 2.25% 2/1/2032
|
8,711
|
6,989
|
|
|
AT&T, Inc. 2.55% 12/1/2033
|
3,437
|
2,712
|
|
|
AT&T, Inc. 5.40% 2/15/2034
|
1,020
|
1,022
|
|
|
AT&T, Inc. 3.50% 9/15/2053
|
4,945
|
3,402
|
|
|
AT&T, Inc. 3.55% 9/15/2055
|
780
|
532
|
|
|
Charter Communications Operating, LLC 2.80% 4/1/2031
|
3,700
|
2,992
|
|
|
Charter Communications Operating, LLC 2.30% 2/1/2032
|
1,800
|
1,368
|
|
|
Charter Communications Operating, LLC 4.40% 4/1/2033
|
2,805
|
2,454
|
|
|
Charter Communications Operating, LLC 5.125% 7/1/2049
|
315
|
239
|
|
|
Charter Communications Operating, LLC 3.70% 4/1/2051
|
4,890
|
2,971
|
|
|
Charter Communications Operating, LLC 3.90% 6/1/2052
|
980
|
617
|
|
|
Charter Communications Operating, LLC 5.25% 4/1/2053
|
3,000
|
2,331
|
|
|
Comcast Corp. 1.95% 1/15/2031
|
2,044
|
1,680
|
|
|
Comcast Corp. 4.80% 5/15/2033
|
2,533
|
2,476
|
|
|
Comcast Corp. 2.887% 11/1/2051
|
2,786
|
1,765
|
|
|
Comcast Corp. 5.35% 5/15/2053
|
310
|
302
|
|
|
Netflix, Inc. 4.875% 4/15/2028
|
2,974
|
2,969
|
|
|
Netflix, Inc. 5.875% 11/15/2028
|
5,240
|
5,425
|
|
|
Netflix, Inc. 6.375% 5/15/2029
|
50
|
53
|
|
|
Netflix, Inc. 5.375% 11/15/20291
|
5,574
|
5,663
|
|
|
Netflix, Inc. 4.875% 6/15/20301
|
2,624
|
2,605
|
|
|
T-Mobile USA, Inc. 1.50% 2/15/2026
|
1,200
|
1,115
|
|
|
T-Mobile USA, Inc. 2.625% 4/15/2026
|
125
|
118
|
|
American Funds Corporate Bond Fund — Page 11 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Communication services (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
T-Mobile USA, Inc. 3.75% 4/15/2027
|
USD1,200
|
$1,151
|
|
|
T-Mobile USA, Inc. 2.05% 2/15/2028
|
2,010
|
1,792
|
|
|
T-Mobile USA, Inc. 2.55% 2/15/2031
|
3,779
|
3,188
|
|
|
T-Mobile USA, Inc. 2.25% 11/15/2031
|
3,956
|
3,211
|
|
|
T-Mobile USA, Inc. 5.05% 7/15/2033
|
5,612
|
5,491
|
|
|
T-Mobile USA, Inc. 5.75% 1/15/2034
|
1,030
|
1,061
|
|
|
T-Mobile USA, Inc. 5.15% 4/15/2034
|
4,920
|
4,847
|
|
|
T-Mobile USA, Inc. 3.00% 2/15/2041
|
823
|
595
|
|
|
T-Mobile USA, Inc. 3.40% 10/15/2052
|
5,864
|
4,076
|
|
|
T-Mobile USA, Inc. 6.00% 6/15/2054
|
1,610
|
1,687
|
|
|
T-Mobile USA, Inc. 5.50% 1/15/2055
|
950
|
926
|
|
|
Verizon Communications, Inc. 1.68% 10/30/2030
|
250
|
202
|
|
|
Verizon Communications, Inc. 1.75% 1/20/2031
|
550
|
441
|
|
|
Verizon Communications, Inc. 2.55% 3/21/2031
|
621
|
524
|
|
|
Verizon Communications, Inc. 2.355% 3/15/2032
|
232
|
188
|
|
|
Verizon Communications, Inc. 2.65% 11/20/2040
|
10,365
|
7,151
|
|
|
Verizon Communications, Inc. 3.40% 3/22/2041
|
700
|
537
|
|
|
Verizon Communications, Inc. 2.85% 9/3/2041
|
18
|
13
|
|
|
Verizon Communications, Inc. 3.85% 11/1/2042
|
206
|
166
|
|
|
Verizon Communications, Inc. 2.875% 11/20/2050
|
1,229
|
784
|
|
|
Verizon Communications, Inc. 3.55% 3/22/2051
|
900
|
654
|
|
|
Vodafone Group PLC 4.25% 9/17/2050
|
1,000
|
788
|
|
|
WarnerMedia Holdings, Inc. 5.141% 3/15/2052
|
900
|
732
|
|
|
|
|
|
95,380
|
|
Energy 4.93%
|
|
|
|
|
BP Capital Markets America, Inc. 2.721% 1/12/2032
|
2,250
|
1,910
|
|
|
BP Capital Markets America, Inc. 4.893% 9/11/2033
|
13,489
|
13,234
|
|
|
BP Capital Markets America, Inc. 3.001% 3/17/2052
|
2,000
|
1,329
|
|
|
Canadian Natural Resources, Ltd. 2.05% 7/15/2025
|
997
|
952
|
|
|
Canadian Natural Resources, Ltd. 4.95% 6/1/2047
|
40
|
35
|
|
|
Chevron Corp. 2.954% 5/16/2026
|
3,220
|
3,094
|
|
|
Chevron Corp. 1.995% 5/11/2027
|
2,925
|
2,692
|
|
|
Chevron Corp. 2.236% 5/11/2030
|
4,250
|
3,678
|
|
|
Chevron USA, Inc. 1.018% 8/12/2027
|
7,000
|
6,193
|
|
|
ConocoPhillips Co. 3.80% 3/15/2052
|
2,130
|
1,634
|
|
|
ConocoPhillips Co. 5.30% 5/15/2053
|
2,747
|
2,691
|
|
|
ConocoPhillips Co. 5.55% 3/15/2054
|
2,290
|
2,319
|
|
|
Enbridge, Inc. 6.70% 11/15/2053
|
3,541
|
3,962
|
|
|
Energy Transfer, LP 6.55% 12/1/2033
|
2,680
|
2,844
|
|
|
EQT Corp. 5.70% 4/1/2028
|
797
|
803
|
|
|
Equinor ASA 3.625% 9/10/2028
|
1,370
|
1,312
|
|
|
Exxon Mobil Corp. 2.61% 10/15/2030
|
500
|
439
|
|
|
Exxon Mobil Corp. 3.452% 4/15/2051
|
5,165
|
3,828
|
|
|
Kinder Morgan, Inc. 5.20% 6/1/2033
|
2,313
|
2,253
|
|
|
Kinder Morgan, Inc. 5.40% 2/1/2034
|
6,466
|
6,362
|
|
|
ONEOK, Inc. 5.80% 11/1/2030
|
367
|
376
|
|
|
ONEOK, Inc. 6.05% 9/1/2033
|
2,998
|
3,091
|
|
|
ONEOK, Inc. 6.625% 9/1/2053
|
1,542
|
1,659
|
|
|
Petroleos Mexicanos 6.875% 10/16/2025
|
1,468
|
1,447
|
|
|
Petroleos Mexicanos 6.50% 3/13/2027
|
1,670
|
1,555
|
|
|
Petroleos Mexicanos 6.70% 2/16/2032
|
254
|
205
|
|
|
Qatar Energy 2.25% 7/12/20311
|
1,060
|
883
|
|
|
Qatar Energy 3.125% 7/12/20411
|
809
|
595
|
|
American Funds Corporate Bond Fund — Page 12 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Energy (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Qatar Energy 3.30% 7/12/20511
|
USD532
|
$369
|
|
|
Shell International Finance BV 2.75% 4/6/2030
|
7,140
|
6,360
|
|
|
Shell International Finance BV 3.00% 11/26/2051
|
870
|
586
|
|
|
TotalEnergies Capital International SA 3.455% 2/19/2029
|
1,120
|
1,052
|
|
|
TotalEnergies Capital International SA 2.829% 1/10/2030
|
470
|
423
|
|
|
Williams Companies, Inc. 5.15% 3/15/2034
|
7,508
|
7,334
|
|
|
|
|
|
87,499
|
|
Information technology 4.14%
|
|
|
|
|
Analog Devices, Inc. 2.10% 10/1/2031
|
309
|
255
|
|
|
Analog Devices, Inc. 2.95% 10/1/2051
|
596
|
399
|
|
|
Apple, Inc. 3.95% 8/8/2052
|
443
|
369
|
|
|
Apple, Inc. 4.85% 5/10/2053
|
225
|
220
|
|
|
Broadcom Corp. 3.875% 1/15/2027
|
1,090
|
1,054
|
|
|
Broadcom, Inc. 4.00% 4/15/20291
|
585
|
554
|
|
|
Broadcom, Inc. 4.75% 4/15/2029
|
1,400
|
1,374
|
|
|
Broadcom, Inc. 4.15% 11/15/2030
|
715
|
669
|
|
|
Broadcom, Inc. 3.419% 4/15/20331
|
812
|
694
|
|
|
Broadcom, Inc. 3.469% 4/15/20341
|
6,255
|
5,285
|
|
|
Broadcom, Inc. 3.137% 11/15/20351
|
380
|
302
|
|
|
Cisco Systems, Inc. 4.85% 2/26/2029
|
8,823
|
8,839
|
|
|
Cisco Systems, Inc. 4.95% 2/26/2031
|
7,826
|
7,832
|
|
|
Cisco Systems, Inc. 5.05% 2/26/2034
|
14,260
|
14,360
|
|
|
Cisco Systems, Inc. 5.30% 2/26/2054
|
1,516
|
1,536
|
|
|
Intel Corp. 5.15% 2/21/2034
|
2,031
|
2,011
|
|
|
Intel Corp. 5.60% 2/21/2054
|
1,070
|
1,070
|
|
|
Oracle Corp. 3.60% 4/1/2050
|
3,023
|
2,130
|
|
|
Oracle Corp. 5.55% 2/6/2053
|
2,674
|
2,557
|
|
|
Salesforce, Inc. 1.95% 7/15/2031
|
600
|
492
|
|
|
Salesforce, Inc. 2.70% 7/15/2041
|
250
|
179
|
|
|
Salesforce, Inc. 2.90% 7/15/2051
|
275
|
183
|
|
|
ServiceNow, Inc. 1.40% 9/1/2030
|
18,798
|
15,085
|
|
|
Texas Instruments, Inc. 4.60% 2/8/2029
|
1,146
|
1,140
|
|
|
Texas Instruments, Inc. 4.85% 2/8/2034
|
4,845
|
4,815
|
|
|
|
|
|
73,404
|
|
Consumer discretionary 2.86%
|
|
|
|
|
Amazon.com, Inc. 4.70% 12/1/2032
|
5,000
|
4,976
|
|
|
Amazon.com, Inc. 2.875% 5/12/2041
|
434
|
326
|
|
|
American Honda Finance Corp. 1.20% 7/8/2025
|
3,818
|
3,623
|
|
|
BMW US Capital, LLC 2.55% 4/1/20311
|
534
|
457
|
|
|
Daimler Trucks Finance North America, LLC 3.65% 4/7/20271
|
825
|
792
|
|
|
Daimler Trucks Finance North America, LLC 5.125% 1/19/20281
|
256
|
256
|
|
|
Daimler Trucks Finance North America, LLC 2.375% 12/14/20281
|
1,000
|
886
|
|
|
Daimler Trucks Finance North America, LLC 2.50% 12/14/20311
|
2,260
|
1,854
|
|
|
Daimler Trucks Finance North America, LLC 5.375% 1/18/20341
|
1,300
|
1,296
|
|
|
Ford Motor Co. 3.25% 2/12/2032
|
1,260
|
1,034
|
|
|
Ford Motor Co. 6.10% 8/19/2032
|
740
|
739
|
|
|
Ford Motor Co. 4.75% 1/15/2043
|
1,530
|
1,239
|
|
|
Ford Motor Co. 5.291% 12/8/2046
|
433
|
375
|
|
|
Ford Motor Credit Co., LLC 3.375% 11/13/2025
|
200
|
192
|
|
|
Ford Motor Credit Co., LLC 6.95% 3/6/2026
|
400
|
407
|
|
|
Ford Motor Credit Co., LLC 6.95% 6/10/2026
|
200
|
204
|
|
|
Ford Motor Credit Co., LLC 4.95% 5/28/2027
|
725
|
705
|
|
American Funds Corporate Bond Fund — Page 13 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Consumer discretionary (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Ford Motor Credit Co., LLC 7.35% 11/4/2027
|
USD200
|
$209
|
|
|
Ford Motor Credit Co., LLC 6.80% 5/12/2028
|
400
|
413
|
|
|
Ford Motor Credit Co., LLC 6.798% 11/7/2028
|
1,967
|
2,040
|
|
|
Ford Motor Credit Co., LLC 2.90% 2/10/2029
|
200
|
174
|
|
|
Ford Motor Credit Co., LLC 5.113% 5/3/2029
|
4,025
|
3,881
|
|
|
Ford Motor Credit Co., LLC 7.35% 3/6/2030
|
200
|
212
|
|
|
Ford Motor Credit Co., LLC 7.20% 6/10/2030
|
530
|
559
|
|
|
Ford Motor Credit Co., LLC 4.00% 11/13/2030
|
530
|
469
|
|
|
Ford Motor Credit Co., LLC 7.122% 11/7/2033
|
1,214
|
1,295
|
|
|
Home Depot, Inc. 1.375% 3/15/2031
|
1,900
|
1,504
|
|
|
Home Depot, Inc. 3.125% 12/15/2049
|
593
|
413
|
|
|
Home Depot, Inc. 2.375% 3/15/2051
|
2,000
|
1,178
|
|
|
Hyundai Capital America 1.80% 10/15/20251
|
774
|
730
|
|
|
Hyundai Capital America 1.50% 6/15/20261
|
1,866
|
1,708
|
|
|
Hyundai Capital America 5.60% 3/30/20281
|
800
|
808
|
|
|
Hyundai Capital America 2.00% 6/15/20281
|
409
|
359
|
|
|
Hyundai Capital America 5.30% 1/8/20291
|
509
|
508
|
|
|
Hyundai Capital America 6.50% 1/16/20291
|
850
|
890
|
|
|
Hyundai Capital America 5.40% 1/8/20311
|
117
|
117
|
|
|
Marriott International, Inc. 2.75% 10/15/2033
|
1,724
|
1,390
|
|
|
McDonald’s Corp. 3.60% 7/1/2030
|
752
|
697
|
|
|
McDonald’s Corp. 4.95% 8/14/2033
|
343
|
341
|
|
|
McDonald’s Corp. 5.15% 9/9/2052
|
2,010
|
1,911
|
|
|
Mercedes-Benz Finance North America, LLC 0.75% 3/1/20241
|
667
|
667
|
|
|
Morongo Band of Mission Indians (The) 7.00% 10/1/20391
|
1,100
|
1,159
|
|
|
Stellantis Finance US, Inc. 5.625% 1/12/20281
|
3,358
|
3,445
|
|
|
Stellantis Finance US, Inc. 2.691% 9/15/20311
|
3,600
|
2,981
|
|
|
Toyota Motor Credit Corp. 4.55% 5/17/2030
|
1,400
|
1,374
|
|
|
|
|
|
50,793
|
|
Real estate 2.84%
|
|
|
|
|
Boston Properties, LP 2.55% 4/1/2032
|
60
|
47
|
|
|
Boston Properties, LP 2.45% 10/1/2033
|
716
|
529
|
|
|
Boston Properties, LP 6.50% 1/15/2034
|
2,648
|
2,704
|
|
|
COPT Defense Properties, LP 2.00% 1/15/2029
|
362
|
300
|
|
|
COPT Defense Properties, LP 2.75% 4/15/2031
|
620
|
501
|
|
|
COPT Defense Properties, LP 2.90% 12/1/2033
|
619
|
473
|
|
|
Crown Castle, Inc. 5.00% 1/11/2028
|
4,351
|
4,288
|
|
|
Crown Castle, Inc. 5.80% 3/1/2034
|
1,168
|
1,184
|
|
|
Equinix, Inc. 2.90% 11/18/2026
|
583
|
549
|
|
|
Equinix, Inc. 1.80% 7/15/2027
|
470
|
423
|
|
|
Equinix, Inc. 3.20% 11/18/2029
|
3,314
|
2,979
|
|
|
Equinix, Inc. 2.15% 7/15/2030
|
2,680
|
2,223
|
|
|
Invitation Homes Operating Partnership, LP 2.70% 1/15/2034
|
606
|
472
|
|
|
Kilroy Realty, LP 6.25% 1/15/2036
|
2,930
|
2,824
|
|
|
Prologis, LP 4.875% 6/15/2028
|
803
|
802
|
|
|
Prologis, LP 4.75% 6/15/2033
|
4,281
|
4,154
|
|
|
Prologis, LP 5.125% 1/15/2034
|
459
|
455
|
|
|
Prologis, LP 5.00% 3/15/2034
|
2,465
|
2,424
|
|
|
Prologis, LP 5.25% 6/15/2053
|
156
|
151
|
|
|
Prologis, LP 5.25% 3/15/2054
|
340
|
327
|
|
|
Public Storage Operating Co. 5.125% 1/15/2029
|
417
|
421
|
|
|
Public Storage Operating Co. 2.30% 5/1/2031
|
2,632
|
2,215
|
|
|
Public Storage Operating Co. 5.10% 8/1/2033
|
166
|
166
|
|
American Funds Corporate Bond Fund — Page 14 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Real estate (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Scentre Group Trust 1 3.50% 2/12/20251
|
USD48
|
$47
|
|
|
VICI Properties, LP 4.375% 5/15/2025
|
770
|
757
|
|
|
VICI Properties, LP 4.625% 6/15/20251
|
383
|
377
|
|
|
VICI Properties, LP 4.50% 1/15/20281
|
850
|
808
|
|
|
VICI Properties, LP 4.75% 2/15/2028
|
6,733
|
6,527
|
|
|
VICI Properties, LP 4.95% 2/15/2030
|
3,061
|
2,917
|
|
|
VICI Properties, LP 5.125% 5/15/2032
|
8,813
|
8,279
|
|
|
|
|
|
50,323
|
|
Materials 1.87%
|
|
|
|
|
Air Products and Chemicals, Inc. 4.85% 2/8/2034
|
1,000
|
981
|
|
|
BHP Billiton Finance (USA), Ltd. 4.875% 2/27/2026
|
1,300
|
1,295
|
|
|
BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2026
|
1,185
|
1,193
|
|
|
BHP Billiton Finance (USA), Ltd. 5.10% 9/8/2028
|
375
|
377
|
|
|
BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2030
|
565
|
570
|
|
|
BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2033
|
1,921
|
1,930
|
|
|
BHP Billiton Finance (USA), Ltd. 5.50% 9/8/2053
|
1,390
|
1,424
|
|
|
Celanese US Holdings, LLC 6.165% 7/15/2027
|
250
|
254
|
|
|
Celanese US Holdings, LLC 6.35% 11/15/2028
|
673
|
693
|
|
|
Celanese US Holdings, LLC 6.33% 7/15/2029
|
556
|
571
|
|
|
Celanese US Holdings, LLC 6.55% 11/15/2030
|
366
|
381
|
|
|
Celanese US Holdings, LLC 6.379% 7/15/2032
|
1,214
|
1,245
|
|
|
Celanese US Holdings, LLC 6.70% 11/15/2033
|
2,174
|
2,286
|
|
|
Dow Chemical Co. (The) 4.55% 11/30/2025
|
14
|
14
|
|
|
Dow Chemical Co. (The) 5.15% 2/15/2034
|
250
|
246
|
|
|
Dow Chemical Co. (The) 4.625% 10/1/2044
|
600
|
519
|
|
|
Dow Chemical Co. (The) 4.80% 5/15/2049
|
2,131
|
1,862
|
|
|
Dow Chemical Co. (The) 3.60% 11/15/2050
|
170
|
124
|
|
|
Dow Chemical Co. (The) 5.60% 2/15/2054
|
2,228
|
2,179
|
|
|
Eastman Chemical Co. 5.625% 2/20/2034
|
3,919
|
3,892
|
|
|
EIDP, Inc. 4.50% 5/15/2026
|
677
|
667
|
|
|
EIDP, Inc. 4.80% 5/15/2033
|
1,524
|
1,492
|
|
|
International Flavors & Fragrances, Inc. 1.23% 10/1/20251
|
852
|
794
|
|
|
International Flavors & Fragrances, Inc. 3.268% 11/15/20401
|
1,048
|
736
|
|
|
International Flavors & Fragrances, Inc. 3.468% 12/1/20501
|
825
|
544
|
|
|
Linde, Inc. 1.10% 8/10/2030
|
1,682
|
1,348
|
|
|
Linde, Inc. 2.00% 8/10/2050
|
866
|
488
|
|
|
Nutrien, Ltd. 5.95% 11/7/2025
|
640
|
645
|
|
|
Nutrien, Ltd. 5.00% 4/1/2049
|
300
|
272
|
|
|
Nutrien, Ltd. 5.80% 3/27/2053
|
154
|
155
|
|
|
OCI NV 6.70% 3/16/20331
|
2,576
|
2,555
|
|
|
Sherwin-Williams Co. 3.125% 6/1/2024
|
700
|
695
|
|
|
Sherwin-Williams Co. 3.30% 5/15/2050
|
1,050
|
739
|
|
|
|
|
|
33,166
|
|
Total corporate bonds, notes & loans
|
|
|
1,580,336
|
|
U.S. Treasury bonds & notes 2.64%
U.S. Treasury 2.64%
|
|
|
|
|
U.S. Treasury 4.25% 1/31/2026
|
5,910
|
5,866
|
|
|
U.S. Treasury 4.625% 2/28/2026
|
45
|
45
|
|
|
U.S. Treasury 4.125% 2/15/2027
|
10,740
|
10,652
|
|
|
U.S. Treasury 4.00% 1/31/2029
|
1,746
|
1,726
|
|
|
U.S. Treasury 4.25% 2/28/2029
|
20
|
20
|
|
American Funds Corporate Bond Fund — Page 15 of 20
unaudited
|
Bonds, notes & other debt instruments (continued)
U.S. Treasury bonds & notes (continued)
U.S. Treasury (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
U.S. Treasury 4.00% 2/15/2034
|
USD1,202
|
$1,179
|
|
|
U.S. Treasury 4.25% 5/15/2039
|
32
|
32
|
|
|
U.S. Treasury 1.75% 8/15/20415
|
115
|
77
|
|
|
U.S. Treasury 4.75% 11/15/20435
|
23,434
|
24,119
|
|
|
U.S. Treasury 4.50% 2/15/2044
|
121
|
121
|
|
|
U.S. Treasury 4.00% 11/15/2052
|
2
|
2
|
|
|
U.S. Treasury 4.75% 11/15/2053
|
2,877
|
3,061
|
|
|
|
|
|
46,900
|
|
Asset-backed obligations 0.95%
|
|
|
|
|
Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/20371,6
|
1,853
|
1,601
|
|
|
CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/20601,6
|
4,236
|
3,942
|
|
|
CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/20601,6
|
289
|
247
|
|
|
CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/20611,6
|
394
|
354
|
|
|
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 9/17/20391,6
|
619
|
582
|
|
|
New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/20611,6
|
11,523
|
10,043
|
|
|
|
|
|
16,769
|
|
Municipals 0.32%
California 0.10%
|
|
|
|
|
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-B,
2.746% 6/1/2034
|
215
|
181
|
|
|
Regents of the University of California, General Rev. Bonds, Series 2020-BG, 1.316% 5/15/2027
|
965
|
870
|
|
|
Regents of the University of California, General Rev. Bonds, Series 2020-BG, 1.614% 5/15/2030
|
750
|
629
|
|
|
|
|
|
1,680
|
|
Ohio 0.22%
|
|
|
|
|
Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project),
Series 2021, 4.425% 5/1/2031
|
4,550
|
3,937
|
|
|
Total municipals
|
|
|
5,617
|
|
Bonds & notes of governments & government agencies outside the U.S. 0.21%
|
|
|
|
|
Panama (Republic of) 6.875% 1/31/2036
|
1,515
|
1,435
|
|
|
Panama (Republic of) 8.00% 3/1/2038
|
575
|
589
|
|
|
Saudi Arabia (Kingdom of) 5.75% 1/16/20541
|
1,710
|
1,658
|
|
|
|
|
|
3,682
|
|
Preferred securities 0.00%
Financials 0.00%
|
|
|
|
|
Huntington Bancshares, Inc., Series F, 5.625% preferred depositary shares
(10-year UST Yield Curve Rate T Note Constant Maturity + 4.945% on 7/15/2030)2
|
89
|
81
|
|
|
Total bonds, notes & other debt instruments (cost: $1,722,778,000)
|
|
|
1,653,385
|
|
Short-term securities 7.55%
Money market investments 7.55%
|
|
Shares
|
|
|
Capital Group Central Cash Fund 5.41%7,8
|
1,339,088
|
133,909
|
|
|
Total short-term securities (cost: $133,918,000)
|
|
|
133,909
|
|
Total investment securities 100.76% (cost: $1,856,696,000)
|
|
|
1,787,294
|
|
Other assets less liabilities (0.76)%
|
|
|
(13,457
)
|
|
Net assets 100.00%
|
|
|
$1,773,837
|
American Funds Corporate Bond Fund — Page 16 of 20
unaudited
Futures contracts
|
Contracts
|
Type
|
Number of
contracts
|
Expiration
date
|
Notional
amount
(000)
|
Value and
unrealized
appreciation
(depreciation)
at 2/29/2024
(000)
|
|
2 Year U.S. Treasury Note Futures
|
Long
|
628
|
7/3/2024
|
USD128,583
|
$57
|
|
5 Year U.S. Treasury Note Futures
|
Long
|
615
|
7/3/2024
|
65,747
|
79
|
|
10 Year U.S. Treasury Note Futures
|
Short
|
771
|
6/28/2024
|
(85,147
)
|
(88
)
|
|
10 Year U.S. Treasury Note Futures
|
Short
|
2,567
|
6/28/2024
|
(293,079
)
|
(1,135
)
|
|
20 Year U.S. Treasury Bond Futures
|
Long
|
1,366
|
6/28/2024
|
162,895
|
375
|
|
30 Year Ultra U.S. Treasury Bond Futures
|
Long
|
298
|
6/28/2024
|
38,107
|
472
|
|
|
|
|
|
|
$(240
)
|
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
2/29/2024
(000)
|
Upfront
premium
paid
(received)
(000)
|
Unrealized
appreciation
(depreciation)
at 2/29/2024
(000)
|
|
CDX.NA.IG.41
|
1.00%
|
Quarterly
|
12/20/2028
|
USD125,253
|
$(2,577
)
|
$(1,754
)
|
$(823
)
|
Investments in affiliates8
|
|
Value at
6/1/2023
(000)
|
Additions
(000)
|
Reductions
(000)
|
Net
realized
gain (loss)
(000)
|
Net
unrealized
appreciation
(depreciation)
(000)
|
Value at
2/29/2024
(000)
|
Dividend
or interest
income
(000)
|
|
Short-term securities 7.55%
|
|||||||
|
Money market investments 7.55%
|
|
|
|
|
|
|
|
|
Capital Group Central Cash Fund 5.41%7
|
$142,398
|
$652,437
|
$660,926
|
$1
|
$(1
)
|
$133,909
|
$4,359
|
|
1
|
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 $178,090,000, which
represented 10.04% of the net assets of the fund.
|
|
2
|
Step bond; coupon rate may change at a later date.
|
|
3
|
Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon
rates are determined by the
issuer or agent based on current market conditions; therefore, the reference rate and spread are not available.
|
|
4
|
Securities referencing LIBOR are expected to transition to an alternative reference rate by the security’s next scheduled coupon reset date.
|
|
5
|
All or a portion of this security was pledged as collateral. The total value of pledged collateral was $5,107,000, which represented
.29% of the net assets of the
fund.
|
|
6
|
Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity
date.
|
|
7
|
Rate represents the seven-day yield at 2/29/2024.
|
|
8
|
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.
American Funds Corporate Bond Fund — Page 17 of 20
unaudited
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
|
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 of 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 $693,106,000. 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. As of February 29, 2024, the fund
did not have any interest rate swaps. The average month-end notional amounts of interest rate swaps and credit default swaps while held were $5,759,000
and $122,822,000, respectively.
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.
American Funds Corporate Bond Fund — Page 18 of 20
unaudited
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 following tables present the fund’s valuation levels as of February 29, 2024 (dollars in thousands):
|
|
Investment securities
|
|||
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets:
|
|
|
|
|
|
Bonds, notes & other debt instruments:
|
|
|
|
|
|
Corporate bonds, notes & loans
|
$—
|
$1,580,336
|
$—
|
$1,580,336
|
|
U.S. Treasury bonds & notes
|
—
|
46,900
|
—
|
46,900
|
|
Asset-backed obligations
|
—
|
16,769
|
—
|
16,769
|
|
Municipals
|
—
|
5,617
|
—
|
5,617
|
|
Bonds & notes of governments & government agencies
outside the U.S.
|
—
|
3,682
|
—
|
3,682
|
|
Preferred securities
|
—
|
81
|
—
|
81
|
|
Short-term securities
|
133,909
|
—
|
—
|
133,909
|
|
Total
|
$133,909
|
$1,653,385
|
$—
|
$1,787,294
|
|
|
Other investments*
|
|||
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets:
|
|
|
|
|
|
Unrealized appreciation on futures contracts
|
$983
|
$—
|
$—
|
$983
|
|
Liabilities:
|
|
|
|
|
|
Unrealized depreciation on futures contracts
|
(1,223
)
|
—
|
—
|
(1,223
)
|
|
Unrealized depreciation on centrally cleared credit default swaps
|
—
|
(823
)
|
—
|
(823
)
|
|
Total
|
$(240
)
|
$(823
)
|
$—
|
$(1,063
)
|
*
Futures contracts and credit default swaps are not included in the fund’s investment portfolio.
|
Key to abbreviation(s)
|
|
Auth. = Authority
|
|
LIBOR = London Interbank Offered Rate
|
|
Rev. = Revenue
|
|
SOFR = Secured Overnight Financing Rate
|
|
USD = U.S. dollars
|
American Funds Corporate Bond Fund — Page 19 of 20
unaudited
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.
American Funds Distributors, Inc., member FINRA.
© 2024 Capital Group. All rights reserved.
MFGEFP3-032-0424O-S96442
American Funds Corporate Bond Fund — Page 20 of 20