American Funds The Bond Fund of America® Class 529-F (CFAFX)

American Funds The Bond Fund of America® 529-F-1 is a mutual fund focused on providing a high level of current income with an emphasis on capital preservation. Managed by Capital Research and Management Company, this fund is structured as a 529 share class, making it suitable for educational savings accounts seeking fixed-income exposure. The fund maintains a broadly diversified portfolio, primarily investing at least 80% of its assets in bonds and other debt securities, including U.S. government, corporate, and mortgage-backed securities. Most holdings are investment-grade, rated A or better, with limited exposure—no more than 10%—to securities rated below investment grade (BB or lower). The fund also allocates up to 25% of assets to non-U.S. issuers, offering geographic diversification. With thousands of individual securities across sectors and maturities, it serves as a core fixed-income holding for investors aiming to balance risk and income needs within a 529 plan structure. Regular monthly dividends and prudent risk management contribute to its role as a staple in multi-asset portfolios requiring fixed-income stability.