N-Q 1 bfa_nq.htm N-Q

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM N-Q

Quarterly Schedule of Portfolio Holdings of

Registered Management Investment Company

 

Investment Company Act File Number: 811-02444

 

 

 

The Bond Fund of America

(Exact Name of Registrant as Specified in Charter)

 

333 South Hope Street

Los Angeles, California 90071

(Address of Principal Executive Offices)

 

 

 

 

Registrant's telephone number, including area code: (213) 486-9200

 

Date of fiscal year end: December 31

 

Date of reporting period: March 31, 2017

 

 

 

 

 

Steven I. Koszalka

The Bond Fund of America

333 South Hope Street

Los Angeles, California 90071

(Name and Address of Agent for Service)

 

 

 
 

ITEM 1 – Schedule of Investments

 

 

 

 

The Bond Fund of America®

Investment portfolio

March 31, 2017

 

 

unaudited

 

 

Bonds, notes & other debt instruments 96.78%
Corporate bonds & notes 33.39%
Financials 7.86%		 Principal amount
(000)		 Value
(000)
ACE INA Holdings Inc. 2.30% 2020 $15,615 $15,677
ACE INA Holdings Inc. 2.875% 2022 3,270 3,298
ACE INA Holdings Inc. 3.35% 2026 1,485 1,504
ACE INA Holdings Inc. 4.35% 2045 1,715 1,810
Allstate Corp. 4.20% 2046 550 558
Ally Financial Inc. 3.75% 2019 26,000 26,260
Ally Financial Inc. 4.25% 2021 12,000 12,270
Ally Financial Inc. 8.00% 2031 11,980 14,376
Ally Financial Inc. 8.00% 2031 10,010 11,937
American Express Co. 6.15% 2017 150 153
American Express Co. 1.55% 2018 3,000 2,997
AXA SA 8.60% 2030 6,715 9,344
Banco Nacional de Comercio Exterior SNC 3.80% 20261 1,850 1,818
Banco Santander, SA 2.70% 2019 7,500 7,539
Banco Santander, SA 3.70% 20221 74,450 74,635
Bank of America Corp. 2.625% 2020 43,625 43,783
Bank of America Corp. 5.625% 2020 10,500 11,523
Bank of America Corp. 2.625% 2021 12,000 11,981
Bank of America Corp. 2.503% 2022 16,000 15,604
Bank of America Corp. 3.124% 2023 57,000 57,282
Bank of America Corp. 3.248% 2027 25,621 24,440
Bank of America Corp. 3.824% 2028 18,787 18,863
Bank of America Corp., Series L, 2.25% 2020 13,500 13,462
Bank of Nova Scotia 2.70% 2022 39,900 40,015
Barclays Bank PLC 3.25% 2021 11,105 11,198
Barclays Bank PLC 3.65% 2025 13,500 13,193
Barclays Bank PLC 4.375% 2026 19,250 19,545
Barclays Bank PLC 4.95% 2047 5,925 5,941
BB&T Corp. 2.45% 2020 13,500 13,642
BBVA Bancomer SA 6.50% 20211 1,000 1,100
Berkshire Hathaway Finance Corp. 1.15% 2018 3,250 3,234
Berkshire Hathaway Inc. 2.00% 2018 5,210 5,249
Berkshire Hathaway Inc. 2.20% 2021 1,115 1,116
BNP Paribas 4.625% 20271 26,000 26,018
BPCE SA group 5.70% 20231 26,338 27,993
BPCE SA group 5.15% 20241 18,771 19,306
BPCE SA group 4.50% 20251 5,865 5,779
Capital One Financial Corp. 1.85% 2019 6,000 5,947
Charles Schwab Corp. 2.20% 2018 1,390 1,399
Charles Schwab Corp, Series E, junior subordinated 4.625% 2049 22,500 22,273
Citigroup Inc. 1.70% 2018 15,000 15,010
Citigroup Inc. 2.15% 2018 7,250 7,275
Citigroup Inc. 2.00% 2019 29,750 29,858
Citigroup Inc. 2.05% 2019 13,500 13,494
Citigroup Inc. 2.55% 2019 15,080 15,236
Citigroup Inc. 8.50% 2019 5,695 6,449

 

The Bond Fund of America — Page 1 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Financials (continued)		 Principal amount
(000)		 Value
(000)
Citigroup Inc. 2.45% 2020 $27,900 $28,041
Citigroup Inc. 2.35% 2021 24,475 24,117
Citigroup Inc. 2.70% 2021 13,500 13,528
Citigroup Inc. 2.90% 2021 36,000 36,172
Citigroup Inc. 3.20% 2026 37,496 35,861
Citigroup Inc. 3.887% 2028 18,425 18,542
CNA Financial Corp. 3.95% 2024 6,705 6,891
Crédit Agricole SA 3.375% 20221 33,950 33,985
Crédit Agricole SA 4.375% 20251 8,595 8,553
Credit Suisse Group AG 3.45% 2021 11,250 11,408
Credit Suisse Group AG 3.80% 2022 15,903 16,149
Credit Suisse Group AG 3.574% 20231 11,000 10,992
Credit Suisse Group AG 3.80% 2023 22,900 23,016
Credit Suisse Group AG 3.75% 2025 7,600 7,489
Credit Suisse Group AG 4.55% 2026 20,250 20,966
Credit Suisse Group AG 4.282% 20281 3,500 3,490
Danske Bank AS 1.65% 20191 22,000 21,724
Danske Bank AS 2.00% 20211 13,010 12,656
Danske Bank AS 2.70% 20221 46,250 46,099
Deutsche Bank AG 2.50% 2019 10,000 10,026
Deutsche Bank AG 2.85% 2019 25,500 25,684
Discover Financial Services 2.00% 2018 5,200 5,206
Discover Financial Services 10.25% 2019 3,150 3,620
Discover Financial Services 4.10% 2027 17,700 17,740
DNB ASA 2.375% 20211 27,000 26,701
General Motors Acceptance Corp. 7.50% 2020 6,500 7,317
Goldman Sachs Group, Inc. 2.00% 2019 5,325 5,317
Goldman Sachs Group, Inc. 2.30% 2019 35,000 35,040
Goldman Sachs Group, Inc. 2.55% 2019 20,200 20,395
Goldman Sachs Group, Inc. 2.60% 2020 11,060 11,129
Goldman Sachs Group, Inc. 2.625% 2021 12,500 12,477
Goldman Sachs Group, Inc. 2.875% 2021 22,151 22,332
Goldman Sachs Group, Inc. 3.00% 2022 57,045 57,157
Goldman Sachs Group, Inc. 3.50% 2026 60,428 59,278
HSBC Bank PLC 1.50% 20181 12,650 12,611
HSBC Holdings PLC 4.125% 20201 9,453 9,987
HSBC Holdings PLC 2.65% 2022 11,000 10,857
HSBC Holdings PLC 3.262% 2023 15,000 15,083
HSBC Holdings PLC 4.375% 2026 6,675 6,739
HSBC Holdings PLC 4.041% 2028 34,750 35,165
HSBK (Europe) BV 7.25% 20211 3,710 4,040
Intercontinentalexchange, Inc. 2.50% 2018 1,735 1,758
Intesa Sanpaolo SpA 3.875% 2019 7,000 7,169
Intesa Sanpaolo SpA 5.017% 20241 60,660 57,145
Intesa Sanpaolo SpA 5.71% 20261 32,900 31,934
iStar Financial Inc. 4.00% 2017 775 779
iStar Financial Inc., Series B, 9.00% 2017 3,175 3,211
JPMorgan Chase & Co. 2.25% 2020 21,945 22,023
JPMorgan Chase & Co. 2.55% 2020 30,730 30,878
JPMorgan Chase & Co. 2.295% 2021 3,100 3,069
JPMorgan Chase & Co. 2.40% 2021 17,500 17,409
JPMorgan Chase & Co. 2.55% 2021 26,400 26,422
JPMorgan Chase & Co. 2.70% 2023 20,975 20,532
JPMorgan Chase & Co. 3.782% 2028 24,320 24,575

 

The Bond Fund of America — Page 2 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Financials (continued)		 Principal amount
(000)		 Value
(000)
Keybank National Association 2.50% 2019 $13,500 $13,656
Leucadia National Corp. 5.50% 2023 4,695 5,006
Lloyds Banking Group PLC 3.10% 2021 4,470 4,511
Lloyds Banking Group PLC 3.00% 2022 15,500 15,427
Lloyds Banking Group PLC 4.50% 2024 13,500 13,875
Lloyds Banking Group PLC 4.582% 2025 16,843 17,131
Lloyds Banking Group PLC 4.65% 2026 6,900 7,061
Lloyds Banking Group PLC 3.75% 2027 11,250 11,081
MetLife Global Funding I 2.30% 20191 8,770 8,823
MetLife Global Funding I 2.00% 20201 12,825 12,752
MetLife Global Funding I 2.50% 20201 7,500 7,520
MetLife Global Funding I 1.95% 20211 8,000 7,782
Metlife, Inc. 3.60% 2024 6,190 6,405
Metropolitan Life Global Funding I, 1.75% 20181 6,550 6,543
Metropolitan Life Global Funding I, 3.45% 20261 14,775 14,899
Mitsubishi UFJ Financial Group, Inc. 2.19% 2021 13,500 13,213
Mitsubishi UFJ Financial Group, Inc. 2.998% 2022 9,825 9,921
Morgan Stanley 2.125% 2018 3,370 3,384
Morgan Stanley 2.80% 2020 8,000 8,102
Morgan Stanley 2.50% 2021 51,900 51,664
Morgan Stanley 2.625% 2021 22,000 21,849
Morgan Stanley (3-month USD-LIBOR + 1.18%) 2.210% 20222 10,183 10,288
Morgan Stanley 3.125% 2026 8,910 8,528
Morgan Stanley 3.625% 2027 54,632 54,320
Navient Corp. 6.50% 2022 3,150 3,182
New York Life Global Funding 1.50% 20191 2,445 2,416
New York Life Global Funding 2.10% 20191 17,000 17,104
New York Life Global Funding 1.95% 20201 2,190 2,182
New York Life Global Funding 1.70% 20211 51,665 50,181
Nordea Bank AB 2.50% 20201 2,745 2,752
Northern Trust Corp. 5.85% 20171 1,050 1,075
PNC Bank 2.40% 2019 22,433 22,628
PNC Bank 2.30% 2020 12,500 12,540
PNC Bank 2.60% 2020 1,775 1,793
Prudential Financial, Inc. 3.50% 2024 4,900 5,048
QBE Insurance Group Ltd. 2.40% 20181 18,590 18,637
Rabobank Nederland 2.25% 2019 13,000 13,088
Rabobank Nederland 2.50% 2021 8,500 8,512
Rabobank Nederland 2.75% 2022 7,800 7,845
Rabobank Nederland 4.625% 2023 11,935 12,578
Rabobank Nederland 4.375% 2025 10,620 10,911
Royal Bank of Canada 2.125% 2020 8,900 8,907
Royal Bank of Scotland PLC 4.80% 2026 5,250 5,382
Skandinaviska Enskilda Banken AB 1.875% 2021 13,500 13,087
Skandinaviska Enskilda Banken AB 2.625% 2021 19,275 19,323
Skandinaviska Enskilda Banken AB 2.80% 2022 8,000 8,025
Sovereign Bancorp, Inc. 8.75% 2018 1,880 2,018
Standard Chartered PLC 2.10% 20191 1,500 1,488
Svenska Handelsbanken AB 1.875% 2021 8,920 8,672
Swedbank AB 2.80% 20221 18,900 18,943
Toronto-Dominion Bank 1.45% 2018 10,000 9,979
UBS Group AG 2.95% 20201 13,500 13,599
UBS Group AG 2.65% 20221 3,100 3,042
UBS Group AG 4.125% 20251 8,200 8,353

 

The Bond Fund of America — Page 3 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Financials (continued)		 Principal amount
(000)		 Value
(000)
Unum Group 5.625% 2020 $345 $380
Unum Group 3.00% 2021 2,085 2,089
Unum Group 3.875% 2025 3,190 3,191
US Bancorp. 2.625% 2022 28,865 28,990
US Bank NA 2.00% 2020 2,000 2,008
VEB Finance Ltd. 6.902% 20201 9,100 10,006
VEB Finance Ltd. 6.80% 20251 500 559
Wells Fargo & Co. 2.55% 2020 23,655 23,784
Wells Fargo & Co. 2.10% 2021 53,750 52,717
Wells Fargo & Co. 2.50% 2021 13,500 13,468
Wells Fargo & Co. 3.069% 2023 27,000 27,134
Wells Fargo & Co. 3.00% 2026 9,425 9,034
    2,552,259
Energy 5.27%    
Anadarko Petroleum Corp. 4.85% 2021 29,065 31,117
Anadarko Petroleum Corp. 5.55% 2026 24,440 27,168
Anadarko Petroleum Corp. 6.45% 2036 685 810
Anadarko Petroleum Corp. 6.20% 2040 635 719
Anadarko Petroleum Corp. 6.60% 2046 12,290 14,883
APT Pipelines Ltd. 4.20% 20251 2,975 3,044
Blue Racer Midstream LLC / Blue Racer Finance Corp. 6.125% 20221 5,030 5,118
Boardwalk Pipeline Partners, LP 4.45% 2027 5,505 5,573
Canadian Natural Resources Ltd. 3.45% 2021 1,600 1,626
Canadian Natural Resources Ltd. 3.80% 2024 1,780 1,795
Cenovus Energy Inc. 3.00% 2022 19,115 18,851
Cenovus Energy Inc. 3.80% 2023 8,285 8,380
Cheniere Energy, Inc. 7.00% 20241 7,020 7,766
Cheniere Energy, Inc. 5.875% 20251 10,440 10,923
Chesapeake Energy Corp. 8.00% 20251 4,450 4,467
Chevron Corp. 2.10% 2021 17,000 16,880
Chevron Corp. 2.498% 2022 40,760 40,994
Chevron Corp. 2.954% 2026 18,375 18,175
Columbia Pipeline Partners LP 2.45% 2018 7,500 7,538
Columbia Pipeline Partners LP 3.30% 2020 1,090 1,111
Columbia Pipeline Partners LP 4.50% 2025 1,360 1,427
Columbia Pipeline Partners LP 5.80% 2045 2,135 2,498
Concho Resources Inc. 4.375% 2025 2,650 2,680
ConocoPhillips 4.20% 2021 2,300 2,454
ConocoPhillips 4.95% 2026 32,105 35,694
ConocoPhillips 5.95% 2046 2,745 3,418
DCP Midstream Operating LP 4.95% 2022 1,495 1,517
Devon Energy Corp. 3.25% 2022 7,355 7,294
Devon Energy Corp. 5.85% 2025 12,085 13,884
Devon Energy Corp. 5.00% 2045 3,925 3,952
Diamond Offshore Drilling, Inc. 4.875% 2043 31,800 23,214
Ecopetrol SA 5.875% 2023 7,310 7,941
Ecopetrol SA 5.875% 2045 2,545 2,337
Enbridge Energy Partners, LP 9.875% 2019 15,755 17,927
Enbridge Energy Partners, LP 4.375% 2020 18,415 19,425
Enbridge Energy Partners, LP 5.20% 2020 1,500 1,605
Enbridge Energy Partners, LP 4.20% 2021 6,100 6,333
Enbridge Energy Partners, LP 5.875% 2025 35,865 40,151
Enbridge Energy Partners, LP 5.50% 2040 3,500 3,498

 

The Bond Fund of America — Page 4 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Energy (continued)		 Principal amount
(000)		 Value
(000)
Enbridge Energy Partners, LP 7.375% 2045 $47,790 $58,457
Enbridge Energy Partners, LP, Series B, 6.50% 2018 20,820 21,766
Enbridge Inc. 5.60% 2017 17,750 17,750
Enbridge Inc. 4.00% 2023 24,605 25,319
Enbridge Inc. 3.50% 2024 9,715 9,552
Enbridge Inc. 4.25% 2026 3,750 3,835
Enbridge Inc. 5.50% 2046 20,855 22,250
Energy Transfer Partners, LP 4.15% 2020 3,000 3,117
Energy Transfer Partners, LP 5.875% 2024 1,375 1,468
Energy Transfer Partners, LP 4.75% 2026 12,100 12,473
Energy Transfer Partners, LP 4.20% 2027 1,760 1,742
Energy Transfer Partners, LP 5.50% 2027 1,315 1,381
Energy Transfer Partners, LP 6.125% 2045 22,270 23,812
Energy Transfer Partners, LP 5.30% 2047 6,735 6,489
EnLink Midstream Partners, LP 2.70% 2019 9,060 9,084
EnLink Midstream Partners, LP 4.40% 2024 5,870 5,948
EnLink Midstream Partners, LP 4.15% 2025 17,190 17,011
EnLink Midstream Partners, LP 4.85% 2026 2,710 2,801
EnLink Midstream Partners, LP 5.05% 2045 2,535 2,395
Ensco PLC 5.20% 2025 1,860 1,623
Ensco PLC 5.75% 2044 2,380 1,797
Exxon Mobil Corp. 2.222% 2021 17,800 17,843
Exxon Mobil Corp. 4.114% 2046 885 916
Gazprom OJSC 6.51% 20221 8,350 9,263
Halliburton Co. 3.80% 2025 17,695 18,009
Halliburton Co. 5.00% 2045 17,715 18,678
Kinder Morgan Energy Partners, LP 5.30% 2020 1,250 1,353
Kinder Morgan Energy Partners, LP 6.85% 2020 12,840 14,297
Kinder Morgan Energy Partners, LP 4.15% 2022 5,000 5,176
Kinder Morgan Energy Partners, LP 4.25% 2024 8,880 9,005
Kinder Morgan Energy Partners, LP 6.95% 2038 2,350 2,734
Kinder Morgan Energy Partners, LP 6.55% 2040 2,000 2,209
Kinder Morgan Energy Partners, LP 5.40% 2044 4,500 4,464
Kinder Morgan Energy Partners, LP 5.50% 2044 1,100 1,100
Kinder Morgan Finance Co. 5.05% 2046 16,272 15,850
Kinder Morgan, Inc. 3.05% 2019 6,810 6,928
Kinder Morgan, Inc. 4.30% 2025 17,140 17,538
Kinder Morgan, Inc. 5.30% 2034 5,825 5,879
Kinder Morgan, Inc. 5.55% 2045 20,625 21,221
Korea NationL Oil Corp. 2.875% 20221 6,135 6,145
MPLX LP 4.125% 2027 2,400 2,391
MPLX LP 5.20% 2047 1,565 1,580
NGL Energy Partners LP 6.875% 2021 2,455 2,516
NGPL PipeCo LLC 7.119% 20171 39,435 40,717
NGPL PipeCo LLC 9.625% 20191 6,930 7,207
Noble Corp. PLC 5.75% 2018 400 408
Noble Corp. PLC 7.70% 2025 2,425 2,298
Noble Corp. PLC 8.70% 2045 4,155 3,843
Odebrecht Drilling Norbe VIII/IX Ltd 6.35% 20211,3 4,186 2,313
Odebrecht Offshore Drilling Finance Ltd. 6.75% 20221,3,4 8,782 3,293
Peabody Energy Corp. 6.00% 20221 575 574
Peabody Energy Corp. 6.375% 20251 575 571
Petrobras Global Finance Co. 8.375% 2021 15,500 17,573
Petrobras Global Finance Co. 6.125% 2022 4,715 4,955

 

The Bond Fund of America — Page 5 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Energy (continued)		 Principal amount
(000)		 Value
(000)
Petrobras Global Finance Co. 4.375% 2023 $3,670 $3,487
Petrobras Global Finance Co. 6.25% 2024 410 422
Petrobras Global Finance Co. 7.375% 2027 4,480 4,747
Petrobras Global Finance Co. 6.85% 2115 1,910 1,712
Petrobras International Finance Co. 5.375% 2021 13,500 13,936
Petróleos Mexicanos 6.375% 2021 19,960 21,701
Petróleos Mexicanos 5.375% 20221 44,070 46,370
Petróleos Mexicanos 3.50% 2023 5,000 4,777
Petróleos Mexicanos 4.625% 2023 14,100 14,216
Petróleos Mexicanos 4.50% 2026 6,725 6,463
Petróleos Mexicanos 6.875% 2026 12,315 13,700
Petróleos Mexicanos 7.47% 2026 MXN200,000 9,332
Petróleos Mexicanos 6.50% 20271 $16,290 17,544
Petróleos Mexicanos 5.50% 2044 7,543 6,695
Petróleos Mexicanos 6.375% 2045 6,500 6,371
Petróleos Mexicanos 5.625% 2046 8,525 7,623
Petróleos Mexicanos 6.75% 2047 35,102 35,720
Phillips 66 Partners LP 3.605% 2025 2,570 2,507
Phillips 66 Partners LP 3.55% 2026 10,335 9,890
Phillips 66 Partners LP 4.68% 2045 205 190
Phillips 66 Partners LP 4.90% 2046 1,855 1,772
Pioneer Natural Resources Co. 4.45% 2026 1,555 1,642
Plains All American Pipeline, LP 4.50% 2026 4,750 4,853
QGOG Atlantic/Alaskan Rigs Ltd. 5.25% 20191,3 4,247 4,172
QGOG Constellation SA 6.25% 20191 2,775 1,748
Range Resources Corp. 4.875% 2025 3,000 2,888
Ras Laffan Liquefied Natural Gas II 5.298% 20201,3 2,073 2,188
Ras Laffan Liquefied Natural Gas III 6.332% 20273 1,000 1,150
Royal Dutch Shell PLC 1.375% 2019 27,000 26,684
Royal Dutch Shell PLC 1.75% 2021 29,350 28,545
Royal Dutch Shell PLC 2.50% 2026 3,190 3,013
Royal Dutch Shell PLC 3.75% 2046 27,825 25,646
Sabine Pass Liquefaction, LLC 5.625% 2021 925 997
Sabine Pass Liquefaction, LLC 6.25% 2022 12,350 13,706
Sabine Pass Liquefaction, LLC 5.625% 2023 14,000 15,206
Sabine Pass Liquefaction, LLC 5.75% 2024 16,750 18,283
Sabine Pass Liquefaction, LLC 5.625% 2025 26,740 29,033
Sabine Pass Liquefaction, LLC 5.875% 20261 11,200 12,369
Sabine Pass Liquefaction, LLC 5.00% 20271 33,535 35,091
Sabine Pass Liquefaction, LLC 4.20% 20281 18,080 17,844
Schlumberger BV 3.00% 20201 8,720 8,920
Schlumberger BV 3.625% 20221 11,425 11,865
Schlumberger BV 4.00% 20251 19,380 20,217
Shell International Finance BV 1.875% 2021 25,750 25,231
Shell International Finance BV 2.875% 2026 10,000 9,734
Shell International Finance BV 4.00% 2046 7,850 7,565
Southwestern Energy Co. 4.10% 2022 3,125 2,930
Southwestern Energy Co. 6.70% 2025 15,330 15,253
Spectra Energy Partners, LP 4.50% 2045 640 600
Sunoco LP 6.25% 2021 1,515 1,553
Tallgrass Energy Partners, LP 5.50% 20241 2,800 2,828
TC PipeLines, LP 4.375% 2025 9,030 9,161
Teekay Corp. 8.50% 2020 7,010 6,975
Tesoro Corp. 4.75% 20231 2,150 2,230

 

The Bond Fund of America — Page 6 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Energy (continued)		 Principal amount
(000)		 Value
(000)
Tesoro Corp. 5.125% 20261 $7,850 $8,274
Tesoro Logistics LP 5.50% 2019 1,115 1,182
Tesoro Logistics LP 6.125% 2021 700 734
Tesoro Logistics LP 6.375% 2024 990 1,077
Tesoro Logistics LP 5.25% 2025 625 655
TransCanada PipeLines Ltd. 6.50% 2018 7,500 7,965
TransCanada PipeLines Ltd., junior subordinated 5.625% 2075 3,580 3,696
Transocean Inc. 8.125% 2021 1,865 1,958
Transocean Inc. 5.55% 2022 5,135 4,856
Transocean Inc. 9.00% 20231 5,575 5,979
Transportadora de Gas Peru SA 4.25% 20281,3 2,535 2,567
Valero Energy Partners LP 4.375% 2026 6,795 6,870
Western Gas Partners LP 2.60% 2018 515 518
Western Gas Partners LP 4.00% 2022 2,460 2,529
Western Gas Partners LP 3.95% 2025 4,415 4,378
Western Gas Partners LP 4.65% 2026 3,655 3,771
Western Gas Partners LP 5.45% 2044 4,200 4,329
Williams Companies, Inc. 3.70% 2023 1,680 1,659
Williams Partners LP 5.25% 2020 4,125 4,441
Williams Partners LP 3.60% 2022 19,050 19,343
Williams Partners LP 4.50% 2023 3,200 3,353
Williams Partners LP 4.30% 2024 15,255 15,718
Williams Partners LP 4.00% 2025 13,685 13,765
Williams Partners LP 5.40% 2044 8,000 8,188
Williams Partners LP 4.90% 2045 1,585 1,531
Williams Partners LP 5.10% 2045 15,923 15,880
Woodside Finance Ltd. 4.60% 20211 9,565 10,038
Woodside Petroleum Ltd. 3.65% 20251 4,700 4,636
YPF SA 8.50% 20251 7,700 8,371
YPF SA 8.50% 2025 600 652
    1,711,312
Health care 5.12%    
Abbott Laboratories 2.35% 2019 16,700 16,778
Abbott Laboratories 2.80% 2020 9,405 9,497
Abbott Laboratories 2.90% 2021 59,155 59,471
Abbott Laboratories 3.40% 2023 23,710 23,954
Abbott Laboratories 3.75% 2026 90,275 90,333
Abbott Laboratories 4.75% 2036 18,430 19,056
Abbott Laboratories 4.90% 2046 49,570 51,597
AbbVie Inc. 1.80% 2018 6,400 6,409
AbbVie Inc. 2.50% 2020 18,135 18,270
AbbVie Inc. 2.30% 2021 26,985 26,669
AbbVie Inc. 2.90% 2022 12,310 12,278
AbbVie Inc. 3.20% 2022 2,140 2,166
AbbVie Inc. 2.85% 2023 8,170 8,025
AbbVie Inc. 3.60% 2025 13,500 13,525
AbbVie Inc. 3.20% 2026 44,850 43,193
AbbVie Inc. 4.50% 2035 12,465 12,479
AbbVie Inc. 4.45% 2046 37,425 35,941
Aetna Inc. 1.70% 2018 27,770 27,777
Allergan PLC 2.35% 2018 14,250 14,315
Allergan PLC 3.00% 2020 30,830 31,358
Allergan PLC 3.45% 2022 12,040 12,282

 

The Bond Fund of America — Page 7 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Health care (continued)		 Principal amount
(000)		 Value
(000)
Allergan PLC 3.80% 2025 $47,160 $47,576
Allergan PLC 4.55% 2035 14,550 14,630
Allergan PLC 4.75% 2045 49,935 50,460
Amgen Inc. 1.85% 2021 13,235 12,866
Amgen Inc. 4.40% 2045 9,780 9,528
Bayer AG 2.375% 20191 5,150 5,187
Becton, Dickinson and Co. 1.80% 2017 3,729 3,732
Becton, Dickinson and Co. 2.675% 2019 2,792 2,833
Becton, Dickinson and Co. 4.685% 2044 2,015 2,111
Biogen Inc. 3.625% 2022 6,860 7,083
Biogen Inc. 5.20% 2045 6,950 7,540
Boston Scientific Corp. 2.85% 2020 10,015 10,160
Boston Scientific Corp. 3.375% 2022 5,000 5,100
Boston Scientific Corp. 3.85% 2025 9,500 9,661
Cardinal Health, Inc. 1.90% 2017 5,650 5,656
Cardinal Health, Inc. 1.70% 2018 2,210 2,211
Catholic Health Initiatives, Series 2012, 1.60% 2017 1,250 1,249
Celgene Corp. 3.625% 2024 15,400 15,610
Celgene Corp. 3.875% 2025 6,725 6,885
Celgene Corp. 5.00% 2045 6,400 6,723
Centene Corp. 5.625% 2021 700 734
Centene Corp. 4.75% 2022 3,800 3,923
Centene Corp. 4.75% 2025 2,400 2,419
Community Health Systems Inc. 6.25% 2023 14,175 14,512
Concordia Healthcare Corp. 9.00% 20221 2,025 1,471
Concordia Healthcare Corp. 9.50% 20221 5,590 1,258
Concordia Healthcare Corp. 7.00% 20231 1,400 276
Dignity Health 3.125% 2022 4,100 4,097
EMD Finance LLC 2.40% 20201 37,585 37,591
EMD Finance LLC 2.95% 20221 21,145 21,225
EMD Finance LLC 3.25% 20251 39,185 38,787
Gilead Sciences, Inc. 2.95% 2027 5,750 5,459
Gilead Sciences, Inc. 4.15% 2047 1,270 1,183
HCA Inc. 5.875% 2022 7,000 7,717
HCA Inc. 5.25% 2026 2,100 2,205
HCA Inc. 4.50% 2027 6,225 6,241
Humana Inc. 3.85% 2024 10,950 11,228
Humana Inc. 3.95% 2027 4,750 4,865
Humana Inc. 4.95% 2044 3,785 4,004
Humana Inc. 4.80% 2047 3,950 4,145
inVentiv Health, Inc. 7.50% 20241 4,150 4,290
Kinetic Concepts, Inc. 12.50% 20211 5,955 6,625
Laboratory Corporation of America Holdings 4.70% 2045 4,780 4,630
Medtronic, Inc. 3.35% 2027 16,390 16,526
Molina Healthcare, Inc. 5.375% 2022 6,065 6,304
Mylan Laboratories Inc. 2.50% 2019 10,500 10,553
Mylan Laboratories Inc. 3.15% 2021 28,685 28,832
Novartis Capital Corp. 2.40% 2022 15,000 14,919
Novartis Capital Corp. 3.10% 2027 16,000 15,931
Pfizer Inc. 7.20% 2039 1,829 2,613
Roche Holdings, Inc. 1.75% 20221 13,580 13,118
Roche Holdings, Inc. 2.375% 20271 10,115 9,538
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.00% 2020 (84.62% PIK)2,3,5,6,7,8 7,466 7,429
Rotech Healthcare Inc., Term Loan A, (3-month USD-LIBOR + 4.25%) 5.50% 20182,3,5,6,7 3,474 3,457

 

The Bond Fund of America — Page 8 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Health care (continued)		 Principal amount
(000)		 Value
(000)
Rotech Healthcare Inc., Term Loan B, (3-month USD-LIBOR + 8.75%) 10.00% 20192,3,5,6,7 $2,715 $2,701
Shire PLC 1.90% 2019 34,520 34,265
Shire PLC 2.40% 2021 74,487 73,021
Shire PLC 2.875% 2023 55,125 53,556
Shire PLC 3.20% 2026 53,490 51,179
Tenet Healthcare Corp. 4.375% 2021 4,000 4,020
Tenet Healthcare Corp., First Lien, 6.00% 2020 7,505 7,955
Teva Pharmaceutical Finance Company BV 1.40% 2018 23,725 23,592
Teva Pharmaceutical Finance Company BV 1.70% 2019 24,205 23,940
Teva Pharmaceutical Finance Company BV 2.20% 2021 37,990 36,588
Teva Pharmaceutical Finance Company BV 2.80% 2023 32,240 30,637
Teva Pharmaceutical Finance Company BV 3.15% 2026 67,135 61,984
Teva Pharmaceutical Finance Company BV 4.10% 2046 40,380 34,912
Thermo Fisher Scientific Inc. 2.40% 2019 4,261 4,299
Thermo Fisher Scientific Inc. 4.15% 2024 4,005 4,208
UnitedHealth Group Inc. 6.00% 2017 17,920 18,091
UnitedHealth Group Inc. 1.90% 2018 7,750 7,785
UnitedHealth Group Inc. 3.75% 2025 5,680 5,937
UnitedHealth Group Inc. 3.375% 2027 2,175 2,195
UnitedHealth Group Inc. 3.45% 2027 14,795 15,023
UnitedHealth Group Inc. 4.625% 2035 1,475 1,608
UnitedHealth Group Inc. 4.75% 2045 2,455 2,696
VPI Escrow Corp. 7.50% 20211 3,000 2,640
VPI Escrow Corp. 6.50% 20221 6,225 6,420
VPI Escrow Corp. 7.00% 20241 2,000 2,057
VRX Escrow Corp. 5.875% 20231 5,000 3,906
WellCare Health Plans, Inc. 5.25% 2025 2,325 2,403
WellPoint, Inc. 2.30% 2018 6,680 6,711
WellPoint, Inc. 2.25% 2019 18,500 18,576
Zimmer Holdings, Inc. 2.00% 2018 4,010 4,018
Zimmer Holdings, Inc. 2.70% 2020 11,340 11,427
Zimmer Holdings, Inc. 3.15% 2022 13,976 14,041
Zimmer Holdings, Inc. 3.55% 2025 12,520 12,400
    1,665,070
Consumer discretionary 3.68%    
21st Century Fox America, Inc. 4.95% 2045 415 431
21st Century Fox America, Inc. 4.75% 20461 4,600 4,628
Amazon.com, Inc. 3.80% 2024 8,775 9,306
Amazon.com, Inc. 4.95% 2044 4,500 5,107
American Axle & Manufacturing Holdings, Inc. 6.50% 20271 1,700 1,699
American Honda Finance Corp. 1.20% 2019 13,500 13,322
American Honda Finance Corp. 2.25% 2019 13,500 13,621
American Honda Finance Corp. 1.65% 2021 10,625 10,302
American Honda Finance Corp. 1.70% 2021 8,015 7,786
Bayerische Motoren Werke AG 1.45% 20191 14,700 14,532
Bayerische Motoren Werke AG 2.15% 20201 2,000 2,001
Bayerische Motoren Werke AG 1.85% 20211 11,600 11,238
Bayerische Motoren Werke AG 2.00% 20211 21,500 21,085
Bayerische Motoren Werke AG 2.25% 20231 3,900 3,750
CBS Corp. 1.95% 2017 2,000 2,001
CCO Holdings LLC and CCO Holdings Capital Corp. 4.464% 2022 22,290 23,501
CCO Holdings LLC and CCO Holdings Capital Corp. 4.908% 2025 14,490 15,326
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 20271 36,500 36,842

 

The Bond Fund of America — Page 9 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Consumer discretionary (continued)		 Principal amount
(000)		 Value
(000)
CCO Holdings LLC and CCO Holdings Capital Corp. 6.384% 2035 $7,875 $8,979
CCO Holdings LLC and CCO Holdings Capital Corp. 6.484% 2045 6,850 7,930
CCO Holdings LLC and CCO Holdings Capital Corp. 5.375% 20471 4,345 4,380
Comcast Corp. 3.00% 2024 14,500 14,504
Comcast Corp. 2.35% 2027 11,635 10,670
Comcast Corp. 3.30% 2027 39,100 38,754
Comcast Corp. 4.60% 2045 20,000 20,663
Cumulus Media Holdings Inc. 7.75% 2019 2,445 868
Cumulus Media Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 4.25% 20202,3,7 3,000 2,251
Daimler Finance NA LLC 2.70% 20201 3,500 3,531
DaimlerChrysler North America Holding Corp. 1.375% 20171 13,080 13,079
DaimlerChrysler North America Holding Corp. 1.875% 20181 13,450 13,464
DaimlerChrysler North America Holding Corp. 2.375% 20181 7,700 7,757
DaimlerChrysler North America Holding Corp. 1.50% 20191 18,000 17,750
DaimlerChrysler North America Holding Corp. 2.25% 20201 2,315 2,314
DaimlerChrysler North America Holding Corp. 2.00% 20211 21,050 20,484
DaimlerChrysler North America Holding Corp. 2.20% 20211 17,580 17,204
DaimlerChrysler North America Holding Corp. 2.875% 20211 26,250 26,501
DaimlerChrysler North America Holding Corp. 3.30% 20251 2,000 2,000
DaimlerChrysler North America Holding Corp. 3.45% 20271 3,515 3,529
DaimlerChrysler North America Holding Corp. 8.50% 2031 3,000 4,535
DISH DBS Corp. 4.25% 2018 1,200 1,223
Dollar General Corp. 4.125% 2017 938 946
Dollar General Corp. 1.875% 2018 1,817 1,819
Ford Motor Co. 4.346% 2026 24,855 25,355
Ford Motor Co. 4.75% 2043 2,500 2,357
Ford Motor Co. 5.291% 2046 11,750 11,809
Ford Motor Credit Co. 2.145% 2018 11,615 11,647
Ford Motor Credit Co. 2.375% 2018 7,440 7,474
Ford Motor Credit Co. 2.262% 2019 18,000 18,052
Ford Motor Credit Co. 2.375% 2019 22,325 22,412
Ford Motor Credit Co. 2.597% 2019 21,820 21,950
Ford Motor Credit Co. 2.459% 2020 8,040 8,018
Ford Motor Credit Co. 2.681% 2020 11,150 11,230
Ford Motor Credit Co. 3.157% 2020 31,000 31,527
Ford Motor Credit Co. 3.20% 2021 5,600 5,664
Ford Motor Credit Co. 3.336% 2021 4,500 4,555
Ford Motor Credit Co. 3.339% 2022 7,520 7,554
Ford Motor Credit Co. 3.096% 2023 2,000 1,952
Ford Motor Credit Co. 3.81% 2024 8,600 8,613
General Motors Co. 5.00% 2035 2,000 1,984
General Motors Co. 6.60% 2036 490 565
General Motors Co. 6.75% 2046 1,210 1,422
General Motors Financial Co. 2.40% 2019 21,800 21,856
General Motors Financial Co. 3.10% 2019 6,000 6,099
General Motors Financial Co. 3.50% 2019 3,715 3,818
General Motors Financial Co. 3.20% 2021 23,000 23,107
General Motors Financial Co. 4.20% 2021 4,500 4,701
General Motors Financial Co. 4.375% 2021 9,100 9,578
General Motors Financial Co. 3.45% 2022 14,955 15,045
General Motors Financial Co. 3.45% 2022 12,000 12,121
General Motors Financial Co. 3.70% 2023 11,250 11,350
General Motors Financial Co. 4.30% 2025 2,200 2,238
General Motors Financial Co. 4.00% 2026 11,500 11,355

 

The Bond Fund of America — Page 10 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Consumer discretionary (continued)		 Principal amount
(000)		 Value
(000)
Grupo Televisa, SAB 6.625% 2040 $5,200 $5,696
Grupo Televisa, SAB 7.25% 2043 MXN25,290 1,030
Hilton Worldwide Holdings Inc. 4.25% 20241 $4,275 4,243
Home Depot, Inc. 2.125% 2026 4,815 4,473
Home Depot, Inc. 4.25% 2046 1,200 1,252
Hyundai Capital America 2.00% 20191 7,605 7,538
Hyundai Capital America 2.55% 20201 11,830 11,837
Hyundai Capital America 3.00% 20201 2,000 2,016
Hyundai Capital America 2.45% 20211 18,000 17,715
Hyundai Capital America 3.10% 20221 13,890 13,874
Hyundai Capital Services Inc. 1.625% 20191 6,150 6,039
Lennar Corp. 4.125% 2022 14,500 14,681
Lowe’s Companies, Inc. 2.50% 2026 6,000 5,705
McDonald’s Corp. 2.625% 2022 9,925 9,926
McDonald’s Corp. 3.70% 2026 7,065 7,239
McDonald’s Corp. 3.50% 2027 11,000 11,045
McDonald’s Corp. 4.875% 2045 8,000 8,540
McDonald’s Corp. 4.45% 2047 11,250 11,330
NBCUniversal Enterprise, Inc. (3-month USD-LIBOR + 0.685%) 1.707% 20181,2 10,425 10,490
NBCUniversal Enterprise, Inc. 5.25% 20491 17,895 18,834
Newell Rubbermaid Inc. 2.60% 2019 1,211 1,226
Newell Rubbermaid Inc. 3.15% 2021 27,255 27,907
Newell Rubbermaid Inc. 3.85% 2023 16,875 17,489
Newell Rubbermaid Inc. 4.20% 2026 24,595 25,623
Newell Rubbermaid Inc. 5.50% 2046 17,095 19,468
Nissan Motor Co., Ltd. 1.55% 20191 12,420 12,248
RCI Banque 3.50% 20181 12,000 12,183
Schaeffler Verwaltungs 4.75% 2026 (100% PIK)1,8 5,215 5,098
Starbucks Corp. 2.10% 2021 725 727
Starbucks Corp. 2.70% 2022 1,500 1,525
Starbucks Corp. 4.30% 2045 1,750 1,860
Thomson Reuters Corp. 1.65% 2017 16,600 16,607
Thomson Reuters Corp. 6.50% 2018 13,675 14,473
Thomson Reuters Corp. 4.30% 2023 8,805 9,313
Thomson Reuters Corp. 3.35% 2026 6,000 5,854
Thomson Reuters Corp. 5.65% 2043 1,905 2,122
TI Automotive Ltd. 8.75% 20231 855 911
Time Warner Cable Inc. 6.75% 2018 11,650 12,322
Toyota Motor Credit Corp. 2.15% 2020 13,500 13,570
Toyota Motor Credit Corp. 2.60% 2022 9,860 9,914
Toyota Motor Credit Corp. 2.25% 2023 8,450 8,171
Toyota Motor Credit Corp. 3.20% 2027 12,115 12,166
Volkswagen Group of America Finance, LLC 1.65% 20181 10,500 10,472
Volkswagen Group of America Finance, LLC 2.40% 20201 5,000 4,983
Volkswagen International Finance NV 2.125% 20181 1,500 1,502
Walt Disney Co. 1.85% 2026 5,300 4,797
WPP Finance 2010 3.75% 2024 3,000 3,046
    1,196,101
Utilities 2.82%    
Abu Dhabi National Energy Co. PJSC (TAQA) 5.875% 20211 1,055 1,182
Abu Dhabi National Energy Co. PJSC (TAQA) 3.625% 20231 5,610 5,686
Abu Dhabi National Energy Co. PJSC (TAQA) 6.50% 2036 1,500 1,823
Abu Dhabi National Energy Co. PJSC (TAQA) 6.50% 20361 1,000 1,215

 

The Bond Fund of America — Page 11 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Utilities (continued)		 Principal amount
(000)		 Value
(000)
American Electric Power Co., Inc. 1.65% 2017 $7,180 $7,179
American Electric Power Co., Inc. 2.75% 2026 7,183 6,807
Berkshire Hathaway Energy Co. 2.40% 2020 6,964 7,020
CenterPoint Energy, Inc. 2.40% 2026 3,220 3,032
Cleveland Electric Illuminating Co. 8.875% 2018 12,864 14,257
CMS Energy Corp. 8.75% 2019 4,352 4,971
CMS Energy Corp. 6.25% 2020 21 23
CMS Energy Corp. 5.05% 2022 31,018 33,987
CMS Energy Corp. 3.60% 2025 1,640 1,645
CMS Energy Corp. 3.00% 2026 13,908 13,366
CMS Energy Corp. 2.95% 2027 5,937 5,639
Colbun SA 6.00% 20201 2,400 2,607
Colbun SA 4.50% 20241 2,450 2,505
Comision Federal de Electricidad 4.875% 20241 2,500 2,584
Comision Federal de Electricidad 4.75% 20271 1,875 1,884
Commonwealth Edison Company 2.55% 2026 2,825 2,689
Consolidated Edison Company of New York, Inc. 3.85% 2046 1,200 1,155
Consumers Energy Co. 5.65% 2020 1,030 1,141
Consumers Energy Co. 3.375% 2023 307 318
Dominion Resources, Inc. 1.875% 20181 14,700 14,680
Dominion Resources, Inc. 1.60% 2019 3,210 3,171
Dominion Resources, Inc. 2.962% 2019 2,550 2,587
Dominion Resources, Inc. 4.104% 2021 17,390 18,153
Dominion Resources, Inc. 2.75% 2022 4,078 4,061
Duke Energy Carolinas, Inc. 2.50% 2023 8,900 8,818
Duke Energy Corp. 1.80% 2021 4,875 4,713
Duke Energy Corp. 2.65% 2026 19,363 18,005
Duke Energy Florida, LLC 1.85% 2020 1,416 1,415
Duke Energy Florida, LLC 3.20% 2027 6,565 6,606
Duke Energy Ohio, Inc. 3.70% 2046 425 398
E.ON International Finance BV 5.80% 20181 15,000 15,627
EDP Finance BV 4.125% 20201 28,600 29,447
EDP Finance BV 5.25% 20211 3,500 3,748
Electricité de France SA 4.875% 20441 250 249
Electricité de France SA 4.95% 20451 9,600 9,670
Electricité de France SA 5.25% 20491 4,750 4,697
Electricité de France SA 6.00% 2114 £300 516
Emera Inc. 6.75% 2076 $14,811 16,237
Emera US Finance LP 2.15% 2019 7,135 7,136
Emera US Finance LP 2.70% 2021 3,950 3,931
Emera US Finance LP 3.55% 2026 6,595 6,495
Emera US Finance LP 4.75% 2046 4,000 4,051
Empresa Nacional de Electricidad SA 4.25% 2024 1,500 1,546
Enel Finance International SA 6.00% 20391 2,210 2,526
Enel Società per Azioni 8.75% 20731 9,500 10,949
Entergy Corp. 5.59% 2024 611 707
Entergy Corp. 2.40% 2026 5,399 5,068
Entergy Corp. 2.95% 2026 11,479 10,914
Entergy Corp. 4.44% 2026 3 3
Entergy Louisiana, LLC 3.30% 2022 2 2
Eversource Energy 2.50% 2021 10,002 9,924
Eversource Energy 2.375% 2022 1,412 1,390
Eversource Energy 2.75% 2022 3,295 3,307
Eversource Energy 2.80% 2023 1,869 1,853

 

The Bond Fund of America — Page 12 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Utilities (continued)		 Principal amount
(000)		 Value
(000)
Exelon Corp. 2.50% 2022 $39,865 $40,275
FirstEnergy Corp. 7.375% 2031 18,691 24,417
FirstEnergy Corp., Series B, 4.25% 2023 25,746 26,635
Great Plains Energy Inc. 2.50% 2020 19,700 19,824
Great Plains Energy Inc. 3.15% 2022 26,450 26,743
Great Plains Energy Inc. 3.90% 2027 46,500 46,977
Great Plains Energy Inc. 4.85% 2047 11,448 11,779
Iberdrola Finance Ireland 5.00% 20191 4,000 4,257
Israel Electric Corp. Ltd. 8.10% 20961 6,250 7,656
MidAmerican Energy Co. 3.95% 2047 285 284
MidAmerican Energy Holdings Co. 5.75% 2018 15,700 16,320
Mississippi Power Co. 4.25% 2042 16,893 14,515
National Rural Utilities Cooperative Finance Corp. 10.375% 2018 17,685 20,031
National Rural Utilities Cooperative Finance Corp. 2.70% 2023 2,800 2,776
Nevada Power Co., General and Refunding Mortgage Notes, Series V, 7.125% 2019 5,594 6,168
New York State Electric & Gas Corp. 3.25% 20261 7,200 7,170
Niagara Mohawk Power Corp. 3.508% 20241 8,470 8,677
Niagara Mohawk Power Corp. 4.278% 20341 3,000 3,064
Northern States Power Co., First Mortgage Bonds, 2.15% 2022 1,252 1,227
Northern States Power Co., First Mortgage Bonds, 2.60% 2023 2,038 2,028
NV Energy, Inc 6.25% 2020 12,300 13,824
Ohio Power Co., Series G, 6.60% 2033 2,090 2,596
Ohio Power Co., Series D, 6.60% 2033 353 433
Pacific Gas and Electric Co. 3.25% 2021 2,158 2,210
Pacific Gas and Electric Co. 3.25% 2023 14,072 14,343
Pacific Gas and Electric Co. 3.85% 2023 92 97
Pacific Gas and Electric Co. 3.40% 2024 2,016 2,056
Pacific Gas and Electric Co. 3.75% 2024 301 315
Pacific Gas and Electric Co. 2.95% 2026 948 929
Pacific Gas and Electric Co. 3.30% 2027 4,438 4,470
Pacific Gas and Electric Co. 4.25% 2046 3,938 4,047
PacifiCorp. 3.35% 2025 5,900 5,972
PacifiCorp., First Mortgage Bonds, 2.95% 2023 1,300 1,307
PG&E Corp. 2.40% 2019 4,945 4,982
Progress Energy, Inc. 7.05% 2019 3,100 3,388
Progress Energy, Inc. 7.00% 2031 4,000 5,280
Progress Energy, Inc. 7.75% 2031 3,040 4,243
Public Service Co. of Colorado 5.80% 2018 9,606 10,111
Public Service Co. of Colorado 2.25% 2022 1,921 1,884
Public Service Electric and Gas Co., 1.90% 2021 2,035 2,009
Public Service Enterprise Group Inc. 1.60% 2019 9,650 9,553
Public Service Enterprise Group Inc. 2.00% 2021 13,999 13,572
Puget Energy, Inc. 6.50% 2020 12,086 13,545
Puget Energy, Inc. 6.00% 2021 8,500 9,478
Puget Energy, Inc. 5.625% 2022 20,391 22,584
Puget Energy, Inc. 3.65% 2025 884 878
Sierra Pacific Power Co. 2.60% 2026 2,960 2,840
Sierra Pacific Power Co., General and Refunding Mortgage Notes, Series T, 3.375% 2023 794 812
Southern California Edison Co. 1.845% 20223 8,339 8,234
Southern California Edison Co., 4.00% 2047 4,200 4,209
Southern Co. 2.15% 2019 9,325 9,328
Southern Co. 2.35% 2021 5,500 5,405
Southern Co. 4.40% 2046 7,600 7,291
Talen Energy Corp. 4.625% 20191 1,400 1,435

 

The Bond Fund of America — Page 13 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Utilities (continued)		 Principal amount
(000)		 Value
(000)
Tampa Electric Co. 2.60% 2022 $1,200 $1,183
Teco Finance, Inc. (3-month USD-LIBOR + 0.60%) 1.610% 20182 680 680
Teco Finance, Inc. 5.15% 2020 10,154 10,845
Tri-State Generation and Transmission Assn. Inc., Pass Through Trust, Series 2003-A, 6.04% 20181,3 135 137
Virginia Electric and Power Co. 1.20% 2018 5,000 4,985
Virginia Electric and Power Co. 2.75% 2023 634 631
Virginia Electric and Power Co. 2.95% 2026 9,645 9,433
Virginia Electric and Power Co. 3.50% 2027 5,900 6,033
Virginia Electric and Power Co., Series B, 5.95% 2017 8,000 8,157
Xcel Energy Inc. 4.70% 2020 15,460 16,432
Xcel Energy Inc. 2.60% 2022 6,710 6,686
Xcel Energy Inc. 3.30% 2025 3,094 3,104
Xcel Energy Inc. 6.50% 2036 5,000 6,329
Xcel Energy Inc. 4.80% 2041 719 745
    915,178
Information technology 2.12%    
Analog Devices, Inc. 2.50% 2021 3,635 3,604
Analog Devices, Inc. 3.125% 2023 8,750 8,719
Analog Devices, Inc. 3.50% 2026 6,350 6,301
Apple Inc. 1.55% 2021 16,675 16,181
Apple Inc. 2.25% 2021 13,250 13,296
Apple Inc. 2.50% 2022 15,000 15,075
Apple Inc. 3.00% 2024 13,630 13,756
Apple Inc. 3.35% 2027 41,685 42,126
Apple Inc. 4.25% 2047 6,800 6,897
BMC Software, Inc. 8.125% 20211 3,050 3,088
Broadcom Ltd. 3.00% 20221 82,125 81,968
Broadcom Ltd. 3.625% 20241 48,750 49,170
Broadcom Ltd. 3.875% 20271 130,250 131,331
Camelot Finance SA 7.875% 20241 5,975 6,348
CCC Information Services Inc., Term Loan (3-month USD-LIBOR + 6.75%) 7.75% 20252,3,7 1,225 1,216
Cisco Systems, Inc. 1.85% 2021 23,420 22,980
Dell Inc. 2.65% 2020 13,250 12,918
Dell Inc. 4.42% 20211 6,410 6,709
Harris Corp. 1.999% 2018 6,800 6,811
Harris Corp. 2.70% 2020 3,010 3,040
Harris Corp. 3.832% 2025 1,890 1,927
Harris Corp. 4.854% 2035 2,210 2,367
International Business Machines Corp. 3.45% 2026 3,400 3,485
JDA Software Group, Inc. 7.375% 20241 1,400 1,463
Kronos Inc., Term Loan B,
(3-month USD-LIBOR + 8.25%) 9.284% 20242,3,7		 1,475 1,525
Microsoft Corp. 1.55% 2021 25,245 24,628
Microsoft Corp. 2.40% 2022 27,065 27,243
Microsoft Corp. 2.875% 2024 20,600 20,746
Microsoft Corp. 2.40% 2026 13,200 12,496
Microsoft Corp. 3.30% 2027 40,710 41,417
Microsoft Corp. 3.70% 2046 10,600 9,955
Microsoft Corp. 4.25% 2047 19,625 20,161
Oracle Corp. 1.90% 2021 18,000 17,703
Oracle Corp. 2.80% 2021 5,600 5,718
Oracle Corp. 2.65% 2026 12,000 11,439
Oracle Corp. 4.00% 2046 4,725 4,518

 

The Bond Fund of America — Page 14 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Information technology (continued)		 Principal amount
(000)		 Value
(000)
Seagate Technology LLC 4.25% 20221 $7,250 $7,185
Symantec Corp 5.00% 20251 10,150 10,398
Visa Inc. 3.15% 2025 13,200 13,259
    689,167
Real estate 1.87%    
Alexandria Real Estate Equities, Inc. 2.75% 2020 4,815 4,832
Alexandria Real Estate Equities, Inc. 3.90% 2023 7,250 7,428
Alexandria Real Estate Equities, Inc. 4.30% 2026 775 797
Alexandria Real Estate Equities, Inc. 3.95% 2028 7,910 7,904
Alexandria Real Estate Equities, Inc. 4.50% 2029 755 781
American Campus Communities, Inc. 3.35% 2020 19,670 20,001
American Campus Communities, Inc. 3.75% 2023 17,860 18,282
American Campus Communities, Inc. 4.125% 2024 14,675 15,127
American Tower Corp. 3.40% 2019 18,075 18,486
AvalonBay Communities, Inc. 4.20% 2023 5,000 5,294
Boston Properties, Inc. 3.65% 2026 6,950 6,935
Brandywine Operating Partnership, LP 5.70% 2017 25 25
Brandywine Operating Partnership, LP 3.95% 2023 100 100
Corporate Office Properties LP 3.60% 2023 2,834 2,758
Corporate Office Properties LP 5.25% 2024 936 986
Corporate Office Properties LP 5.00% 2025 9,320 9,730
Crown Castle International Corp. 2.25% 2021 7,750 7,541
CyrusOne Inc., 5.00% 20241 3,575 3,682
CyrusOne Inc., 5.375% 20271 1,500 1,519
DCT Industrial Trust Inc. 4.50% 2023 10,030 10,523
Developers Diversified Realty Corp. 7.50% 2017 32,727 32,727
Developers Diversified Realty Corp. 4.75% 2018 1,225 1,253
Developers Diversified Realty Corp. 7.875% 2020 19,859 22,985
EPR Properties 4.50% 2025 8,650 8,653
EPR Properties 4.75% 2026 11,080 11,165
Equinix, Inc. 5.375% 2027 30,880 31,961
Essex Portfolio L.P. 3.625% 2022 4,370 4,482
Essex Portfolio L.P. 3.25% 2023 4,935 4,922
Essex Portfolio L.P. 3.875% 2024 5,500 5,623
Essex Portfolio L.P. 3.50% 2025 4,800 4,763
Essex Portfolio L.P. 3.375% 2026 3,845 3,743
Hospitality Properties Trust 6.70% 2018 28,005 28,381
Hospitality Properties Trust 4.25% 2021 19,750 20,536
Hospitality Properties Trust 5.00% 2022 10,800 11,515
Hospitality Properties Trust 4.50% 2023 15,765 16,324
Hospitality Properties Trust 4.50% 2025 1,200 1,206
Hospitality Properties Trust 5.25% 2026 8,250 8,659
Howard Hughes Corp. 5.375% 20251 14,250 14,143
Kimco Realty Corp. 4.30% 2018 10,500 10,652
Kimco Realty Corp. 6.875% 2019 4,000 4,457
Kimco Realty Corp. 3.40% 2022 14,577 14,729
Kimco Realty Corp. 3.80% 2027 16,775 16,706
Omega Healthcare Investors, Inc. 4.375% 2023 2,100 2,131
Omega Healthcare Investors, Inc. 5.25% 2026 3,800 3,974
Piedmont Operating Partnership LP 3.40% 2023 2,800 2,706
Piedmont Operating Partnership LP 4.45% 2024 3,000 3,062
Prologis, Inc. 3.35% 2021 15,250 15,715
Prologis, Inc. 4.25% 2023 6,390 6,800

 

The Bond Fund of America — Page 15 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Real estate (continued)		 Principal amount
(000)		 Value
(000)
Scentre Group 2.375% 20191 $810 $813
Scentre Group 2.375% 20211 11,410 11,263
Scentre Group 3.25% 20251 10,655 10,444
Scentre Group 3.50% 20251 13,070 13,075
Scentre Group 3.75% 20271 9,675 9,755
Select Income REIT 4.15% 2022 8,710 8,799
Simon Property Group, LP 2.35% 2022 5,450 5,362
Simon Property Group, LP 3.25% 2026 11,500 11,289
UDR, Inc. 3.70% 2020 1,430 1,475
WEA Finance LLC 2.70% 20191 17,525 17,696
WEA Finance LLC 3.25% 20201 34,845 35,539
Westfield Corp. Ltd. 3.15% 20221 24,115 24,129
    606,343
Consumer staples 1.60%    
Altria Group, Inc. 2.625% 2020 15,195 15,392
Altria Group, Inc. 2.95% 2023 6,500 6,473
Altria Group, Inc. 4.00% 2024 3,600 3,791
Altria Group, Inc. 2.625% 2026 2,585 2,449
Altria Group, Inc. 4.50% 2043 3,500 3,562
Altria Group, Inc. 5.375% 2044 3,105 3,554
Altria Group, Inc. 3.875% 2046 20,845 19,366
Anheuser-Busch InBev NV 2.65% 2021 2,875 2,899
Anheuser-Busch InBev NV 3.30% 2023 7,725 7,872
Anheuser-Busch InBev NV 3.65% 2026 43,345 43,906
Anheuser-Busch InBev NV 4.90% 2046 3,750 4,065
BJ’s Wholesale Club, Term Loan, (3-month USD-LIBOR + 7.50%) 8.50% 20252,3,7 2,375 2,325
British American Tobacco International Finance PLC 2.75% 20201 6,200 6,257
British American Tobacco International Finance PLC 3.50% 20221 4,495 4,590
British American Tobacco International Finance PLC 3.95% 20251 6,200 6,349
CVS Health Corp. 1.90% 2018 5,150 5,161
CVS Health Corp. 2.80% 2020 5,150 5,240
CVS Health Corp. 3.50% 2022 5,150 5,306
Herbalife Ltd., Term Loan, (3-month USD-LIBOR + 5.50%) 6.482% 20232,3,7 20,025 19,996
Imperial Tobacco Finance PLC 2.05% 20181 3,050 3,054
Imperial Tobacco Finance PLC 3.50% 20231 2,673 2,706
Kraft Heinz Co. 4.375% 2046 5,010 4,700
Molson Coors Brewing Co. 1.45% 2019 4,980 4,918
Molson Coors Brewing Co. 1.90% 20191 11,790 11,788
Molson Coors Brewing Co. 2.25% 20201 10,105 10,114
Molson Coors Brewing Co. 2.10% 2021 6,705 6,560
Molson Coors Brewing Co. 3.00% 2026 15,930 15,177
Molson Coors Brewing Co. 4.20% 2046 710 667
Mondelez International, Inc. 1.625% 20191 27,300 26,902
PepsiCo, Inc. 1.70% 2021 2,630 2,566
PepsiCo, Inc. 2.375% 2026 1,400 1,328
PepsiCo, Inc. 3.45% 2046 1,500 1,360
Pernod Ricard SA 4.45% 20221 13,700 14,598
Philip Morris International Inc. 2.00% 2020 12,940 12,914
Philip Morris International Inc. 2.625% 2022 5,935 5,932
Philip Morris International Inc. 2.75% 2026 14,100 13,584
Philip Morris International Inc. 4.25% 2044 25,195 24,995
Post Holdings, Inc. 5.75% 20271 8,000 8,020
Reynolds American Inc. 2.30% 2018 4,365 4,392

 

The Bond Fund of America — Page 16 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Consumer staples (continued)		 Principal amount
(000)		 Value
(000)
Reynolds American Inc. 3.25% 2020 $12,135 $12,459
Reynolds American Inc. 3.25% 2022 19,360 19,383
Reynolds American Inc. 4.00% 2022 4,140 4,350
Reynolds American Inc. 4.85% 2023 3,750 4,074
Reynolds American Inc. 4.45% 2025 20,470 21,581
Reynolds American Inc. 5.70% 2035 750 860
Reynolds American Inc. 4.75% 2042 2,500 2,499
Reynolds American Inc. 6.15% 2043 5,700 6,893
Reynolds American Inc. 5.85% 2045 14,450 17,045
Smithfield Foods, Inc. 3.35% 20221 8,625 8,624
Walgreens Boots Alliance, Inc. 1.75% 2018 13,300 13,319
Walgreens Boots Alliance, Inc. 2.60% 2021 18,445 18,483
Walgreens Boots Alliance, Inc. 3.10% 2023 875 875
Walgreens Boots Alliance, Inc. 3.45% 2026 1,615 1,577
Walgreens Boots Alliance, Inc. 4.65% 2046 1,045 1,044
WM. Wrigley Jr. Co 2.90% 20191 2,800 2,851
WM. Wrigley Jr. Co 3.375% 20201 36,879 38,160
    518,905
Telecommunication services 1.29%    
América Móvil, SAB de CV 8.46% 2036 MXN27,000 1,307
AT&T Inc. 3.00% 2022 $14,600 14,532
AT&T Inc. 3.80% 2024 42,143 42,657
AT&T Inc. 3.40% 2025 12,400 12,019
AT&T Inc. 4.250% 2027 31,159 31,675
AT&T Inc. 8.25% 2031 2,534 3,470
AT&T Inc. 5.45% 2047 23,683 24,202
AT&T Inc. 4.50% 2048 4,100 3,686
CenturyLink, Inc. 7.50% 2024 6,200 6,570
Colorado Buyer Inc., Term Loan B, (3-month USD-LIBOR + 3.00%) 4.00% 20242,3,7 4,125 4,157
Deutsche Telekom International Finance BV 1.50% 20191 18,900 18,602
Deutsche Telekom International Finance BV 1.95% 20211 38,200 36,936
Deutsche Telekom International Finance BV 2.82% 20221 24,050 23,935
Deutsche Telekom International Finance BV 3.60% 20271 2,088 2,083
Digicel Group Ltd. 6.00% 20211 4,465 4,080
Digicel Group Ltd. 7.125% 20221 1,975 1,545
France Télécom 9.00% 2031 5,053 7,440
Frontier Communications Corp. 11.00% 2025 5,000 4,872
Ligado Networks, Term Loan,
(3-month USD-LIBOR + 8.75%) 9.75% 2020 (100% PIK)2,3,7,8		 1,692 1,648
Orange SA 2.75% 2019 3,230 3,269
SoftBank Group Corp. 3.36% 20231,3 41,425 41,529
Telefónica Emisiones, SAU 3.192% 2018 10,500 10,639
TELUS Corp. 3.70% 2027 10,000 10,031
Verizon Communications Inc. 2.946% 20221 33,295 33,187
Verizon Communications Inc. 5.15% 2023 28,164 30,953
Verizon Communications Inc. 4.125% 2027 7,216 7,355
Verizon Communications Inc. 4.125% 2046 10,500 9,094
Verizon Communications Inc. 4.522% 2048 27,375 25,017
Zayo Group Holdings, Inc. 5.75% 20271 2,700 2,855
    419,345

 

The Bond Fund of America — Page 17 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Industrials 1.16%		 Principal amount
(000)		 Value
(000)
3M Co. 1.625% 2021 $2,200 $2,151
3M Co. 2.25% 2026 5,000 4,688
ABB Finance (USA) Inc. 2.875% 2022 1,000 1,012
AerCap Holdings NV 3.75% 2019 1,850 1,900
Air Lease Corp. 2.125% 2020 6,500 6,455
European Aeronautic Defence and Space Company 2.70% 20231 885 882
Bohai Financial Investment Holding Co., Ltd. 5.50% 20241 3,425 3,571
Caterpillar Financial Services Corp. 1.90% 2019 20,000 20,004
Caterpillar Inc. 2.10% 2020 38,520 38,538
Continental Airlines, Inc., Series 1998-1, Class A, 6.648% 20193 585 598
Continental Airlines, Inc., Series 1997-4, Class A, 6.90% 20193 762 769
Continental Airlines, Inc., Series 2000-2, Class B, 8.307% 20193 40 42
Continental Airlines, Inc., Series 1999-1, Class A, 6.545% 20203 3,983 4,236
Continental Airlines, Inc., Series 1999-1, Class B, 6.795% 20203 171 176
Continental Airlines, Inc., Series 1999-2, Class A1, 7.256% 20213 102 108
Continental Airlines, Inc., Series 2001-1, Class A1, 6.703% 20223 2,535 2,678
Continental Airlines, Inc., Series 2000-2, Class A1, 7.707% 20223 6,018 6,424
Continental Airlines, Inc., Series 2000-1, Class A1, 8.048% 20223 5,355 5,870
Corporate Risk Holdings LLC 9.50% 20191 3,315 3,522
Corporate Risk Holdings LLC 13.50% 2020 (100% PIK)1,5,6,8 1,218 1,328
Delta Air Lines, Inc., Series 2002-1, Class G1, MBIA insured, 6.718% 20243 1,072 1,197
ENA Norte Trust 4.95% 20281,3 2,772 2,869
ERAC USA Finance Co. 2.60% 20211 7,500 7,381
ERAC USA Finance Co. 2.70% 20231 4,725 4,535
ERAC USA Finance Co. 4.20% 20461 4,560 4,162
Euramax International, Inc. 12.00% 20201 2,075 2,282
FedEx Corp. 3.25% 2026 16,100 15,985
FedEx Corp. 4.75% 2045 1,080 1,110
FedEx Corp. 4.40% 2047 7,500 7,329
Fortive Corp. 2.35% 20211 3,550 3,510
General Electric Capital Corp. 2.342% 2020 16,841 16,915
General Electric Capital Corp., Series A, 6.00% 2019 3,007 3,304
General Electric Corp. 5.25% 2017 4,377 4,488
Hardwoods Acquisition Inc 7.50% 20211 1,400 1,253
Honeywell International Inc. 1.85% 2021 20,575 20,184
Honeywell International Inc. 2.50% 2026 12,375 11,722
Lima Metro Line Finance Ltd. 5.875% 20341,3 3,167 3,381
Lockheed Martin Corp. 1.85% 2018 1,100 1,103
Lockheed Martin Corp. 2.50% 2020 6,245 6,293
Lockheed Martin Corp. 3.10% 2023 1,345 1,365
Lockheed Martin Corp. 3.55% 2026 7,350 7,475
Lockheed Martin Corp. 4.50% 2036 715 762
Lockheed Martin Corp. 4.70% 2046 3,935 4,278
Red de Carreteras de Occidente 9.00% 20283 MXN61,570 3,129
Republic Services, Inc. 3.55% 2022 $500 519
Rockwell Collins, Inc. 2.80% 2022 18,460 18,524
Rockwell Collins, Inc. 3.20% 2024 9,105 9,099
Roper Technologies, Inc. 2.80% 2021 860 862
Roper Technologies, Inc. 3.80% 2026 2,080 2,093
Siemens AG 1.30% 20191 14,750 14,509
Siemens AG 2.15% 20201 5,000 5,001
Siemens AG 1.70% 20211 13,500 13,022
Siemens AG 2.70% 20221 31,405 31,456
Siemens AG 2.90% 20221 5,000 5,041

 

The Bond Fund of America — Page 18 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Corporate bonds & notes (continued)
Industrials (continued)		 Principal amount
(000)		 Value
(000)
Siemens AG 2.35% 20261 $9,595 $8,922
Siemens AG 4.40% 20451 2,000 2,094
Snap-on Inc. 3.25% 2027 11,700 11,838
Union Pacific Corp. 5.75% 2017 12,250 12,561
    376,505
Materials 0.60%    
Agrium Inc. 4.125% 2035 4,945 4,752
Air Liquide SA 1.75% 20211 5,025 4,858
Air Liquide SA 2.50% 20261 7,400 6,949
ArcelorMittal 7.50% 2041 4,095 4,597
Ardagh Packaging Finance 4.25% 20221 7,775 7,870
BHP Billiton Finance (USA) Ltd. 3.85% 2023 3,400 3,613
BHP Billiton Finance Ltd. 6.25% 20751 7,995 8,677
BHP Billiton Finance Ltd. 6.75% 20751 6,445 7,305
CRH America, Inc. 3.875% 20251 5,100 5,242
CRH America, Inc. 5.125% 20451 2,000 2,198
Dow Chemical Co. 4.125% 2021 2,500 2,655
Dow Chemical Co. 4.625% 2044 1,100 1,132
Ecolab Inc. 3.25% 2023 2,260 2,301
Ecolab Inc. 2.70% 2026 2,355 2,240
First Quantum Minerals Ltd. 7.25% 20221 5,000 5,169
First Quantum Minerals Ltd. 7.50% 20251 3,000 3,037
Georgia-Pacific Corp. 5.40% 20201 2,000 2,199
Holcim Ltd. 5.15% 20231 3,315 3,641
International Paper Co. 3.65% 2024 8,900 9,080
LYB International Finance BV 3.50% 2027 24,165 23,761
LYB International Finance BV 4.875% 2044 800 834
LyondellBasell Industries NV 6.00% 2021 1,900 2,153
Olin Corp. 5.125% 2027 1,975 2,013
Packaging Corp. of America 4.50% 2023 1,585 1,696
Potash Corp. of Saskatchewan Inc. 4.00% 2026 9,120 9,354
Praxair, Inc. 2.25% 2020 8,339 8,391
Praxair, Inc. 3.00% 2021 3,500 3,595
Rio Tinto Finance PLC 3.75% 2025 12,000 12,487
Rio Tinto PLC 4.125% 2042 1,500 1,494
Vale Overseas Ltd. 5.875% 2021 21,450 23,040
Vale Overseas Ltd. 4.375% 2022 1,050 1,070
Vale Overseas Ltd. 6.25% 2026 15,375 16,739
Yara International ASA 7.875% 20191 2,175 2,422
    196,564
Total corporate bonds & notes   10,846,749
U.S. Treasury bonds & notes 29.59%
U.S. Treasury 24.29%		    
U.S. Treasury 0.75% 2019 19,000 18,750
U.S. Treasury 1.125% 2019 15,650 15,621
U.S. Treasury 1.25% 2019 79,000 78,987
U.S. Treasury 1.625% 2019 121,450 122,020
U.S. Treasury 1.25% 20209 252,400 250,605
U.S. Treasury 1.25% 2020 12,750 12,669
U.S. Treasury 1.375% 2020 34,759 34,381
U.S. Treasury 1.50% 2020 59,650 59,503

 

The Bond Fund of America — Page 19 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
U.S. Treasury bonds & notes (continued)
U.S. Treasury (continued)		 Principal amount
(000)		 Value
(000)
U.S. Treasury 1.625% 2020 $915,002 $918,360
U.S. Treasury 1.625% 20209 237,000 237,026
U.S. Treasury 1.75% 2020 206,610 206,767
U.S. Treasury 1.75% 2020 142,270 142,606
U.S. Treasury 2.00% 2020 137,810 139,234
U.S. Treasury 3.625% 2020 20,000 21,212
U.S. Treasury 1.125% 2021 17,435 16,912
U.S. Treasury 1.25% 2021 4,800 4,666
U.S. Treasury 1.375% 20219 194,000 191,305
U.S. Treasury 1.375% 2021 37,369 36,746
U.S. Treasury 1.375% 2021 23,228 22,819
U.S. Treasury 1.75% 2021 132,678 131,833
U.S. Treasury 2.00% 2021 102,120 102,694
U.S. Treasury 2.00% 2021 97,000 97,750
U.S. Treasury 2.00% 2021 50,250 50,490
U.S. Treasury 2.125% 2021 234,650 237,463
U.S. Treasury 2.125% 2021 93,000 93,894
U.S. Treasury 2.125% 2021 72,000 72,760
U.S. Treasury 2.25% 2021 309,300 314,815
U.S. Treasury 2.25% 2021 153,829 156,401
U.S. Treasury 3.625% 2021 10,900 11,671
U.S. Treasury 8.00% 2021 250 317
U.S. Treasury 1.75% 2022 60,000 59,480
U.S. Treasury 1.75% 2022 4,044 3,983
U.S. Treasury 1.875% 2022 150,000 149,695
U.S. Treasury 1.875% 2022 143,248 142,901
U.S. Treasury 2.00% 2022 73,300 73,037
U.S. Treasury 2.125% 2022 350,830 351,763
U.S. Treasury 2.125% 2022 85,340 85,936
U.S. Treasury 1.375% 2023 26,123 24,868
U.S. Treasury 1.50% 2023 468,870 453,285
U.S. Treasury 2.125% 2023 172,663 172,082
U.S. Treasury 2.25% 2023 200,000 200,734
U.S. Treasury 2.125% 2024 103,100 102,512
U.S. Treasury 2.25% 2024 105,000 105,340
U.S. Treasury 2.00% 2025 37,410 36,589
U.S. Treasury 2.125% 2025 61,750 60,834
U.S. Treasury 6.875% 2025 70,145 94,624
U.S. Treasury 1.625% 2026 32,158 30,242
U.S. Treasury 1.625% 2026 3,950 3,706
U.S. Treasury 2.00% 2026 64,800 62,605
U.S. Treasury 2.25% 2027 397,472 392,504
U.S. Treasury 4.50% 2036 84,207 106,831
U.S. Treasury 2.875% 2043 3,750 3,653
U.S. Treasury 2.875% 2045 121,150 117,498
U.S. Treasury 3.00% 2045 36,010 35,802
U.S. Treasury 3.00% 2045 14,850 14,760
U.S. Treasury 2.25% 2046 600 508
U.S. Treasury 2.50% 2046 509,595 456,816
U.S. Treasury 2.50% 2046 2,000 1,791
U.S. Treasury 2.875% 2046 481,168 466,926
U.S. Treasury 3.00% 2047 279,580 278,607
    7,890,189

 

The Bond Fund of America — Page 20 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
U.S. Treasury bonds & notes (continued)
U.S. Treasury inflation-protected securities 5.30%		 Principal amount
(000)		 Value
(000)
U.S. Treasury Inflation-Protected Security 0.125% 201710 $128,275 $128,476
U.S. Treasury Inflation-Protected Security 0.625% 202410 128,015 131,241
U.S. Treasury Inflation-Protected Security 0.25% 202510 76,625 76,074
U.S. Treasury Inflation-Protected Security 0.375% 202510 154,936 155,532
U.S. Treasury Inflation-Protected Security 0.125% 202610 144,845 141,525
U.S. Treasury Inflation-Protected Security 0.625% 202610 168,527 171,812
U.S. Treasury Inflation-Protected Security 2.00% 202610 23,854 27,108
U.S. Treasury Inflation-Protected Security 0.375% 202710 293,944 293,056
U.S. Treasury Inflation-Protected Security 1.75% 202810 4,868 5,510
U.S. Treasury Inflation-Protected Security 2.125% 204110 13,659 17,356
U.S. Treasury Inflation-Protected Security 0.75% 204210 230,110 221,801
U.S. Treasury Inflation-Protected Security 0.625% 204310 69,408 64,724
U.S. Treasury Inflation-Protected Security 1.375% 204410 117,756 130,157
U.S. Treasury Inflation-Protected Security 1.00% 204610 72,548 73,789
U.S. Treasury Inflation-Protected Security 0.875% 204710 84,517 83,388
    1,721,549
Total U.S. Treasury bonds & notes   9,611,738
Mortgage-backed obligations 21.22%
Federal agency mortgage-backed obligations 18.78%		    
Fannie Mae 3.153% 20173 1,094 1,098
Fannie Mae 10.999% 20203 12 13
Fannie Mae 5.00% 20233 933 996
Fannie Mae 5.50% 20233 4,993 5,346
Fannie Mae 6.00% 20233 148 160
Fannie Mae 4.50% 20243 3,270 3,471
Fannie Mae 4.50% 20253 3,584 3,782
Fannie Mae 4.50% 20253 2,369 2,506
Fannie Mae 4.50% 20253 1,709 1,798
Fannie Mae 6.00% 20263 2,678 3,025
Fannie Mae 2.50% 20273 15,928 16,117
Fannie Mae 2.50% 20273 4,958 5,019
Fannie Mae 2.50% 20273 1,393 1,410
Fannie Mae 2.50% 20273 1,021 1,034
Fannie Mae 2.50% 20273 758 762
Fannie Mae 2.50% 20273 515 521
Fannie Mae 5.50% 20273 1,250 1,388
Fannie Mae 2.50% 20283 17,040 17,242
Fannie Mae 6.00% 20283 368 416
Fannie Mae 2.50% 20313 10,758 10,772
Fannie Mae 2.50% 20323,11 33,746 33,718
Fannie Mae 6.50% 20323 108 114
Fannie Mae 3.00% 20353 25,859 26,247
Fannie Mae 3.50% 20353 3,179 3,301
Fannie Mae 3.00% 20363 120,491 121,966
Fannie Mae 3.00% 20363 29,754 30,118
Fannie Mae 4.00% 20363 19,766 20,969
Fannie Mae 4.00% 20363 8,520 9,038
Fannie Mae 4.00% 20363 6,791 7,204
Fannie Mae 4.00% 20363 5,653 5,997
Fannie Mae 4.00% 20363 3,602 3,821
Fannie Mae 4.00% 20363 3,549 3,765
Fannie Mae 4.00% 20363 1,680 1,782

 

The Bond Fund of America — Page 21 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)		 Principal amount
(000)		 Value
(000)
Fannie Mae 4.00% 20363 $699 $742
Fannie Mae 7.00% 20363 137 152
Fannie Mae 7.50% 20363 350 389
Fannie Mae 8.00% 20363 191 213
Fannie Mae 3.00% 20373 65,426 66,227
Fannie Mae 3.00% 20373 37,553 38,013
Fannie Mae 6.00% 20373 524 570
Fannie Mae 6.00% 20373 307 328
Fannie Mae 6.50% 20373 1,231 1,399
Fannie Mae 6.50% 20373 780 878
Fannie Mae 6.50% 20373 759 847
Fannie Mae 7.00% 20373 431 473
Fannie Mae 7.00% 20373 409 448
Fannie Mae 7.00% 20373 167 179
Fannie Mae 7.00% 20373 115 127
Fannie Mae 7.00% 20373 96 107
Fannie Mae 7.00% 20373 64 70
Fannie Mae 7.50% 20373 123 130
Fannie Mae 7.50% 20373 112 123
Fannie Mae 7.50% 20373 95 105
Fannie Mae 7.50% 20373 79 91
Fannie Mae 7.50% 20373 61 68
Fannie Mae 7.50% 20373 63 65
Fannie Mae 7.50% 20373 26 28
Fannie Mae 5.50% 20383 20 23
Fannie Mae 6.00% 20383 574 649
Fannie Mae 6.50% 20383 30,868 35,337
Fannie Mae 4.50% 20393 9,940 10,692
Fannie Mae 5.00% 20393 9,126 10,106
Fannie Mae 5.50% 20393 8,107 9,045
Fannie Mae 4.00% 20403 7,330 7,717
Fannie Mae 4.00% 20403 7,224 7,605
Fannie Mae 4.00% 20403 5,005 5,271
Fannie Mae 4.00% 20403 1,377 1,446
Fannie Mae 4.00% 20403 1,297 1,373
Fannie Mae 4.00% 20403 408 429
Fannie Mae 4.50% 20403 2,223 2,394
Fannie Mae 5.00% 20403 817 895
Fannie Mae 5.50% 20403 4,032 4,491
Fannie Mae 4.00% 20413 3,857 4,062
Fannie Mae 4.00% 20413 2,646 2,788
Fannie Mae 4.00% 20413 2,019 2,137
Fannie Mae 4.00% 20413 1,833 1,928
Fannie Mae 4.00% 20413 1,207 1,278
Fannie Mae 4.00% 20413 1,012 1,071
Fannie Mae 4.00% 20413 649 689
Fannie Mae 4.50% 20413 2,443 2,629
Fannie Mae 5.00% 20413 7,394 8,104
Fannie Mae 5.00% 20413 3,916 4,367
Fannie Mae 5.00% 20413 2,757 3,072
Fannie Mae 5.00% 20413 2,067 2,306
Fannie Mae 5.00% 20413 1,416 1,582
Fannie Mae 4.00% 20423 11,645 12,313
Fannie Mae 4.00% 20423 11,546 12,164

 

The Bond Fund of America — Page 22 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)		 Principal amount
(000)		 Value
(000)
Fannie Mae 4.00% 20423 $9,937 $10,521
Fannie Mae 4.00% 20423 5,458 5,741
Fannie Mae 4.00% 20423 3,376 3,575
Fannie Mae 4.00% 20423 879 924
Fannie Mae 4.00% 20433 29,691 31,274
Fannie Mae 4.00% 20433 8,937 9,453
Fannie Mae 4.00% 20433 6,700 7,035
Fannie Mae 3.50% 20443 47,195 48,524
Fannie Mae 3.50% 20453 16,393 16,811
Fannie Mae 4.00% 20453 78,011 81,876
Fannie Mae 4.00% 20453 65,851 69,654
Fannie Mae 4.00% 20453 29,230 30,681
Fannie Mae 4.00% 20453 22,284 23,389
Fannie Mae 4.00% 20453 17,787 18,759
Fannie Mae 4.00% 20453 10,723 11,343
Fannie Mae 3.00% 20463 118,297 117,435
Fannie Mae 3.00% 20463 142 141
Fannie Mae 3.50% 20463 50,173 51,463
Fannie Mae 3.50% 20463 32,949 33,792
Fannie Mae 3.50% 20463 23,582 24,186
Fannie Mae 3.50% 20463 15,901 16,310
Fannie Mae 3.50% 20463 9,048 9,281
Fannie Mae 3.50% 20463 1,289 1,322
Fannie Mae 4.00% 20463 109,895 115,371
Fannie Mae 4.00% 20463 73,878 77,582
Fannie Mae 4.00% 20463 58,448 61,655
Fannie Mae 4.00% 20463 23,046 24,186
Fannie Mae 4.00% 20463 3,612 3,792
Fannie Mae 4.50% 20463 36,892 39,666
Fannie Mae 4.50% 20463 35,218 37,865
Fannie Mae 4.50% 20463 5,379 5,783
Fannie Mae 4.50% 20463 3,179 3,418
Fannie Mae 4.50% 20463 2,631 2,731
Fannie Mae 4.50% 20463 1,713 1,778
Fannie Mae 4.50% 20463 1,363 1,469
Fannie Mae 4.50% 20463 1,317 1,416
Fannie Mae 4.50% 20463 1,151 1,237
Fannie Mae 4.50% 20463 1,038 1,118
Fannie Mae 3.50% 20473,11 78,990 80,638
Fannie Mae 3.50% 20473,11 9,115 9,285
Fannie Mae 4.00% 20473,11 208,014 217,781
Fannie Mae 4.00% 20473,11 50,000 52,233
Fannie Mae 4.00% 20473,11 25,000 26,225
Fannie Mae 4.50% 20473,11 138,400 148,196
Fannie Mae 4.50% 20473 16,338 17,566
Fannie Mae 7.00% 20473 50 57
Fannie Mae 7.00% 20473 14 16
Fannie Mae, Series 2001-4, Class GA, 9.331% 20252,3 34 37
Fannie Mae, Series 2001-4, Class NA, 9.590% 20252,3 23 25
Fannie Mae, Series 1998-W5, Class B3, 6.50% 20283 740 729
Fannie Mae, Series 2002-W7, Class A5, 7.50% 20293 142 168
Fannie Mae, Series 2001-25, Class ZA, 6.50% 20313 1,391 1,518
Fannie Mae, Series 2001-20, Class E, 9.588% 20312,3 6 7
Fannie Mae, Series 2006-51, Class PO, principal only, 0% 20363 1,366 1,210

 

The Bond Fund of America — Page 23 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)		 Principal amount
(000)		 Value
(000)
Fannie Mae, Series 2006-32, Class OA, principal only, 0% 20363 $1,270 $1,101
Fannie Mae, Series 2006-96, Class OP, principal only, 0% 20363 423 376
Fannie Mae, Series 2001-T10, Class A1, 7.00% 20413 2,036 2,387
Fannie Mae, Series 2001-50, Class BA, 7.00% 20413 446 508
Fannie Mae, Series 2002-W3, Class A5, 7.50% 20413 1,123 1,328
Fannie Mae, Series 2002-W1, Class 2A, 6.134% 20422,3 1,515 1,717
Freddie Mac 5.00% 20233 868 925
Freddie Mac 5.00% 20233 31 33
Freddie Mac 5.00% 20233 5 5
Freddie Mac 5.00% 20243 1,928 2,063
Freddie Mac 4.50% 20303 1,043 1,119
Freddie Mac 2.50% 20323 14,240 14,263
Freddie Mac 3.50% 20343 13,596 14,113
Freddie Mac 3.00% 20353 2,656 2,695
Freddie Mac 3.00% 20353 2,197 2,228
Freddie Mac 3.50% 20353 26,925 27,952
Freddie Mac 3.50% 20353 22,104 22,946
Freddie Mac 3.50% 20353 3,592 3,729
Freddie Mac 4.00% 20363 45,096 47,922
Freddie Mac 4.00% 20363 9,280 9,846
Freddie Mac 4.00% 20363 3,331 3,536
Freddie Mac 4.00% 20363 3,006 3,192
Freddie Mac 3.00% 20373 7,693 7,779
Freddie Mac 3.00% 20373 1,784 1,804
Freddie Mac 4.50% 20373 4,577 4,923
Freddie Mac 5.50% 20373 1,657 1,838
Freddie Mac 5.50% 20373 45 50
Freddie Mac 5.50% 20373 9 10
Freddie Mac 7.00% 20373 153 163
Freddie Mac 7.50% 20373 319 355
Freddie Mac 5.50% 20383 1,264 1,402
Freddie Mac 5.50% 20383 512 568
Freddie Mac 5.50% 20383 216 240
Freddie Mac 5.50% 20383 137 152
Freddie Mac 4.50% 20393 1,148 1,234
Freddie Mac 5.00% 20393 8,564 9,324
Freddie Mac 5.50% 20393 9,889 10,984
Freddie Mac 5.50% 20393 3,046 3,378
Freddie Mac 4.50% 20403 20,924 22,496
Freddie Mac 5.50% 20403 6 6
Freddie Mac 4.50% 20413 8,320 8,946
Freddie Mac 4.50% 20413 2,166 2,330
Freddie Mac 4.50% 20413 1,216 1,308
Freddie Mac 4.50% 20413 415 446
Freddie Mac 5.00% 20413 7,042 7,734
Freddie Mac 5.00% 20413 2,978 3,268
Freddie Mac 5.50% 20413 4,451 4,937
Freddie Mac 4.00% 20423 8,552 9,030
Freddie Mac 4.00% 20433 16,230 17,172
Freddie Mac 4.00% 20453 39,929 42,238
Freddie Mac 3.50% 20463 69,099 70,747
Freddie Mac 3.50% 20463 36,357 37,342
Freddie Mac 3.50% 20463 34,672 35,554
Freddie Mac 3.50% 20463 30,031 30,845

 

The Bond Fund of America — Page 24 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)		 Principal amount
(000)		 Value
(000)
Freddie Mac 3.50% 20463 $15,297 $15,661
Freddie Mac 3.50% 20463 3,936 4,036
Freddie Mac 3.50% 20463 3,361 3,446
Freddie Mac 3.50% 20463 2,822 2,893
Freddie Mac 3.50% 20463 1,991 2,042
Freddie Mac 3.50% 20463 1,670 1,713
Freddie Mac 3.50% 20463 1,079 1,098
Freddie Mac 4.00% 20463 28,575 30,011
Freddie Mac 4.00% 20463 1,059 1,121
Freddie Mac 4.00% 20463 997 1,058
Freddie Mac 4.50% 20463 2,207 2,370
Freddie Mac 4.50% 20463 1,135 1,232
Freddie Mac 4.50% 20463 1,074 1,162
Freddie Mac 4.50% 20463 994 1,076
Freddie Mac 4.50% 20463 993 1,074
Freddie Mac 3.00% 20473,11 46,044 45,533
Freddie Mac 3.50% 20473,11 350,042 357,316
Freddie Mac 3.50% 20473,11 41,758 42,712
Freddie Mac 4.00% 20473,11 937,109 978,730
Freddie Mac 4.00% 20473,11 670,800 702,191
Freddie Mac 6.50% 20473 200 222
Freddie Mac Pool #760014, 2.985% 20452,3,5 18,496 19,072
Freddie Mac, Series 2890, Class KT, 4.50% 20193 504 517
Freddie Mac, Series 2626, Class NG, 3.50% 20233 15 15
Freddie Mac, Series 2122, Class QM, 6.25% 20293 817 895
Freddie Mac, Series 3136, Class OP, principal only, 0% 20363 904 824
Freddie Mac, Series 3147, Class OD, principal only, 0% 20363 822 722
Freddie Mac, Series 3149, Class MO, principal only, 0% 20363 763 707
Freddie Mac, Series 3149, Class AO, principal only, 0% 20363 665 611
Freddie Mac, Series 3156, Class PO, principal only, 0% 20363 15 13
Freddie Mac, Series 3257, Class PA, 5.50% 20363 8,590 9,741
Freddie Mac, Series 3286, Class JN, 5.50% 20373 6,534 7,067
Freddie Mac, Series 3318, Class JT, 5.50% 20373 3,725 4,026
Government National Mortgage Assn. 10.00% 20213 26 28
Government National Mortgage Assn. 2.50% 20283 2,913 2,952
Government National Mortgage Assn. 5.00% 20353 757 814
Government National Mortgage Assn. 6.00% 20383 6,430 7,299
Government National Mortgage Assn. 6.50% 20383 215 246
Government National Mortgage Assn. 5.00% 20393 1,146 1,232
Government National Mortgage Assn. 4.50% 20403 2,116 2,285
Government National Mortgage Assn. 5.50% 20403 5,937 6,666
Government National Mortgage Assn. 3.50% 20413 27 28
Government National Mortgage Assn. 4.00% 20413 237 252
Government National Mortgage Assn. 4.50% 20413 12,478 13,373
Government National Mortgage Assn. 4.50% 20413 1,114 1,191
Government National Mortgage Assn. 4.50% 20413 821 879
Government National Mortgage Assn. 4.50% 20413 675 721
Government National Mortgage Assn. 5.00% 20413 6,476 6,960
Government National Mortgage Assn. 3.50% 20423 991 1,015
Government National Mortgage Assn. 3.50% 20433 2,641 2,741
Government National Mortgage Assn. 4.50% 20433 643 687
Government National Mortgage Assn. 4.50% 20433 340 364
Government National Mortgage Assn. 4.00% 20453 437 462
Government National Mortgage Assn. 4.50% 20453 58,937 63,004

 

The Bond Fund of America — Page 25 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)		 Principal amount
(000)		 Value
(000)
Government National Mortgage Assn. 4.50% 20453 $57,848 $61,840
Government National Mortgage Assn. 4.50% 20453 49,548 52,968
Government National Mortgage Assn. 4.50% 20453 48,853 52,224
Government National Mortgage Assn. 4.50% 20453 18,707 19,998
Government National Mortgage Assn. 4.50% 20453 15,278 16,333
Government National Mortgage Assn. 4.50% 20453 3,102 3,316
Government National Mortgage Assn. 4.50% 20453 2,861 3,059
Government National Mortgage Assn. 4.00% 20473,11 363,750 383,550
Government National Mortgage Assn. 4.00% 20473,11 223,250 234,914
Government National Mortgage Assn. 4.00% 20473 57,500 60,819
Government National Mortgage Assn. 4.00% 20473,5 30,000 31,728
Government National Mortgage Assn. 4.00% 20473,11 20,000 21,127
Government National Mortgage Assn. 4.50% 20473,11 52,590 56,066
Government National Mortgage Assn. 4.50% 20473 30,150 32,262
Government National Mortgage Assn. 4.50% 20473,5 24,010 25,697
Government National Mortgage Assn. 4.50% 20473,11 5,210 5,564
Government National Mortgage Assn. 5.637% 20593 31 31
Government National Mortgage Assn. 4.795% 20613 298 307
Government National Mortgage Assn. 4.809% 20613 310 319
Government National Mortgage Assn. 4.822% 20613 1,588 1,625
Government National Mortgage Assn. 4.878% 20613 882 904
Government National Mortgage Assn. 5.081% 20613 1,107 1,151
Government National Mortgage Assn. 4.666% 20633 696 718
Government National Mortgage Assn. 4.774% 20643 1,112 1,144
Government National Mortgage Assn. 5.20% 20643 86 88
Government National Mortgage Assn. 6.64% 20643 35 37
Government National Mortgage Assn. 4.975% 20653 788 818
National Credit Union Administration, Series 2010-R2, Class 1A, (1-month USD-LIBOR + 0.37%)
1.148% 20172,3		 701 701
National Credit Union Administration, Series 2011-R3, Class 1A, (1-month USD-LIBOR + 0.40%)
1.291% 20202,3		 811 811
National Credit Union Administration, Series 2011-R1, Class 1A, (1-month USD-LIBOR + 0.45%)
1.304% 20202,3		 1,034 1,036
    6,100,747
Collateralized mortgage-backed (privately originated) 1.28%    
Connecticut Avenue Securities, Series 2013-C01, Class M1, (1-month USD-LIBOR + 2.00%) 2.982% 20231,2,3 826 835
Connecticut Avenue Securities, Series 2014-C02, Class 1M1, (1-month USD-LIBOR + 0.95%) 1.932% 20242,3 233 233
Connecticut Avenue Securities, Series 2014-C03, Class 2M1, (1-month USD-LIBOR + 1.20%) 2.182% 20242,3 430 431
Connecticut Avenue Securities, Series 2014-C03, Class 1M1, (1-month USD-LIBOR + 1.20%) 2.182% 20242,3 178 179
Connecticut Avenue Securities, Series 2014-C01, Class M1, (1-month USD-LIBOR + 1.60%) 2.582% 20241,2,3 727 735
Connecticut Avenue Securities, Series 2014-C04, Class 1M1, (1-month USD-LIBOR + 1.95%) 2.932% 20242,3 631 632
Connecticut Avenue Securities, Series 2015-C03, Class 2M1, (1-month USD-LIBOR + 1.50%) 2.482% 20252,3 156 156
Connecticut Avenue Securities, Series 2015-C03, Class 1M1, (1-month USD-LIBOR + 1.50%) 2.482% 20252,3 106 106
Connecticut Avenue Securities, Series 2015-C04, Class 2M1, (1-month USD-LIBOR + 1.70%) 2.682% 20282,3 1,146 1,149
CS First Boston Mortgage Securities Corp., Series 2002-30, Class IA1, 7.50% 20323 132 146
CS First Boston Mortgage Securities Corp., Series 2002-34, Class IA1, 7.50% 20323 17 19
CS First Boston Mortgage Securities Corp., Series 2003-21, Class VA1, 6.50% 20333 1,031 1,111
CS First Boston Mortgage Securities Corp., Series 2003-29, Class VA1, 7.00% 20333 17 18
Freddie Mac, Series 2013-DN2, Class M1, (1-month USD-LIBOR + 1.45%) 2.432% 20232,3 1,719 1,725
Freddie Mac, Series 2013-DN1, Class M1, (1-month USD-LIBOR + 3.40%) 4.382% 20232,3 2,126 2,156
Freddie Mac, Series 2014-DN1, Class M1, (1-month USD-LIBOR + 1.00%) 1.982% 20242,3 90 90
Freddie Mac, Series 2014-HQ2, Class M1, (1-month USD-LIBOR + 1.45%) 2.432% 20242,3 2,323 2,330
Freddie Mac, Series 2014-DN2, Class M2, (1-month USD-LIBOR + 1.65%) 2.632% 20242,3 2,402 2,427

 

The Bond Fund of America — Page 26 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Mortgage-backed obligations (continued)
Collateralized mortgage-backed (privately originated) (continued)		 Principal amount
(000)		 Value
(000)
Freddie Mac, Series 2014-HQ2, Class M2, (1-month USD-LIBOR + 2.20%) 3.182% 20242,3 $17,865 $18,389
Freddie Mac, Series 2014-DN4, Class M2, (1-month USD-LIBOR + 2.40%) 3.382% 20242,3 1,291 1,294
Freddie Mac, Series 2014-DN3, Class M2, (1-month USD-LIBOR + 2.40%) 3.382% 20242,3 833 836
Freddie Mac, Series 2014-HQ1, Class M2, (1-month USD-LIBOR + 2.50%) 3.482% 20242,3 5,879 5,969
Freddie Mac, Series 2015-HQ2, Class M1, (1-month USD-LIBOR + 1.10%) 2.082% 20252,3 583 585
Freddie Mac, Series 2015-HQ2, Class M2, (1-month USD-LIBOR + 1.95%) 2.932% 20252,3 7,950 8,120
Freddie Mac, Series 2015-DN1, Class M2, (1-month USD-LIBOR + 2.40%) 3.382% 20252,3 5,124 5,155
Mill City Mortgage Trust, Series 2017-1, Class A1, 2.75% 20581,2,3 29,175 29,087
Mortgage Repurchase Agreement Financing Trust, Series 2016-3, Class A1,
(1-month USD-LIBOR + 1.00%) 1.858% 20181,2,3,5		 89,400 89,416
Mortgage Repurchase Agreement Financing Trust, Series 2016-5, Class A1,
(1-month USD-LIBOR + 1.17%) 2.028% 20191,2,3,5		 10,000 10,027
Nationstar HECM Loan Trust, Series 2016-3A, Class A, 2.013% 20261,3 11,177 11,260
Nationstar HECM Loan Trust, Series 2016-2A, Class A, 2.239% 20261,3,5 1,810 1,823
Station Place Securitization Trust, Series 2017-1, Class A, (1-month USD-LIBOR + 0.90%) 1.882% 20181,2,3,5 8,755 8,780
TBW Mortgage-backed Trust, Series 2007-2, Class A4B, (1-month USD-LIBOR + 0.42%) 1.402% 20372,3 11,610 10,357
Towd Point Mortgage Trust, Series 2016-3, Class A1, 2.25% 20561,2,3 14,965 14,855
Towd Point Mortgage Trust, Series 2016-4, Class A1, 2.25% 20561,2,3 34,401 34,080
Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75% 20561,2,3 145,436 145,647
Towd Point Mortgage Trust, Series 2015-2, Class 2A11, 3.00% 20571,2,3 5,292 5,329
    415,487
Commercial mortgage-backed securities 0.85%    
Aventura Mall Trust, Series A, 3.743% 20321,2,3 8,000 8,421
Banc of America Commercial Mortgage Inc., Series 2007-2, Class AM, 5.797% 20492,3 665 664
Banc of America Commercial Mortgage Inc., Series 2007-4, Class AM, 5.961% 20512,3 4,645 4,690
Banc of America Commercial Mortgage Inc., Series 2008-1, Class A4, 6.231% 20512,3 4,155 4,220
Bear Stearns Commercial Mortgage Securities Trust, Series 2007-T28, Class A1A, 5.71% 20422,3 2,552 2,589
Bear Stearns Commercial Mortgage Securities Trust, Series 2007-PW17, Class A1A, 5.65% 20502,3 1,109 1,118
Bear Stearns Commercial Mortgage Securities Trust, Series 2007-PW18, Class AM, 6.084% 20502,3 5,730 5,849
Citigroup Commercial Mortgage Trust, Series 2008-C7, Class AM, 6.127% 20492,3 7,468 7,618
Citigroup Commercial Mortgage Trust, Series 2017-P7, Class A4, 3.712% 20503 6,460 6,653
Commercial Mortgage Trust, Series 2005-LP5, Class E, 4.640% 20431,2,3 828 827
Commercial Mortgage Trust, Series 2007-C9, Class A1A, 5.808% 20492,3 196 197
Core Industrial Trust, Series 2015-CALW, Class A, 3.04% 20341,3 28,025 28,643
CS First Boston Mortgage Securities Corp., Series 2007-C5, Class A4, 5.695% 20402,3 2,360 2,370
CS First Boston Mortgage Securities Corp., Series 2007-C2, Class AM, 5.615% 20492,3 2,650 2,661
DBUBS Mortgage Trust, Series 2011-LC2A, Class A1, 4.537% 20441,3 10,000 10,711
EQTY 2014-INNS Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2014-A,
(1-month USD-LIBOR + 0.85%) 1.697% 20311,2,3		 7,543 7,554
Greenwich Capital Commercial Funding Corp., Series 2007-GG11, Class A1A, 5.704% 20493 7,239 7,270
Greenwich Capital Commercial Funding Corp., Series 2007-GG11, Class AM, 5.867% 20492,3 13,585 13,747
GS Mortgage Securities Corp. II, Series 2010-C2, Class A2, 5.162% 20431,2,3 4,000 4,363
GS Mortgage Securities Corp. II, Series 2007-GG10, Class A1A, 5.949% 20452,3 679 680
J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2007-CB19, Class A1A, 5.829% 20492,3 11,139 11,128
J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2007-CB19, Class A4, 5.829% 20492,3 7,949 7,942
J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2007-C1, Class A4, 5.716% 20513 11,206 11,362
J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2007-LD12, Class A1A, 5.85% 20512,3 1,576 1,587
L.A. Arena Funding, LLC, Series 1, Class A, 7.656% 20261,3 13,727 14,474
LB Commercial Mortgage Trust, Series 2007-C3, Class A1A, multifamily 6.007% 20442,3 1,803 1,810
LB-UBS Commercial Mortgage Trust, Series 2007-C2, Class AM, 5.493% 20402,3 2,251 2,252
LB-UBS Commercial Mortgage Trust, Series 2007-C6, Class AM, 6.114% 20402,3 29,467 29,853
LB-UBS Commercial Mortgage Trust, Series 2007-C7, Class A3, 5.866% 20452,3 4,966 5,041
LB-UBS Commercial Mortgage Trust, Series 2007-C7, Class AM, 6.167% 20452,3 8,680 8,873

 

The Bond Fund of America — Page 27 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Mortgage-backed obligations (continued)
Commercial mortgage-backed securities (continued)		 Principal amount
(000)		 Value
(000)
Merrill Lynch Mortgage Trust, Series 2007-C1, Class A4, 5.841% 20502,3 $5,261 $5,271
ML-CFC Commercial Mortgage Trust, Series 2007-9, Class A4, 5.70% 20493 651 657
ML-CFC Commercial Mortgage Trust, Series 2007-8, Class A3, 5.861% 20492,3 5,192 5,215
ML-CFC Commercial Mortgage Trust, Series 2007-7, Class A4, 5.790% 20502,3 1,670 1,670
Morgan Stanley Capital I Trust, Series 2014-CPT, Class A, 3.35% 20291,3 6,885 7,133
Morgan Stanley Capital I Trust, Series 2007-TA27, Class A1A, 5.791% 20422,3 1,437 1,442
Morgan Stanley Capital I Trust, Series 2011-C2, Class A4, 4.661% 20441,3 4,950 5,368
Morgan Stanley Capital I Trust, Series 2007-IQ13, Class AM, 5.406% 20443 3,040 3,034
Morgan Stanley Capital I Trust, Series 2011-C1, Class A4, 5.033% 20471,2,3 1,485 1,616
Morgan Stanley Capital I Trust, Series 2007-IQ15, Class A4, 5.942% 20492,3 11,946 12,022
Wachovia Bank Commercial Mortgage Trust, Series 2007-C31, Class AM, 5.591% 20472,3 14,779 14,876
Wachovia Bank Commercial Mortgage Trust, Series 2007-C32, Class A3, 5.760% 20492,3 4,014 4,010
    277,481
Other mortgage-backed securities 0.31%    
Credit Mutuel-CIC Home Loan SFH 1.50% 20171,3 4,400 4,399
Fannie Mae, Series 2017-M3, Class A2, multifamily 2.569% 20262,3 6,665 6,411
Freddie Mac, Series KF02, Class A2, multifamily (1-month USD-LIBOR + 0.55%) 1.328% 20202,3 7,761 7,773
Freddie Mac, Series KF02, Class A3, multifamily (1-month USD-LIBOR + 0.63%) 1.408% 20202,3 3,642 3,651
Freddie Mac, Series KS01, Class A2, multifamily 2.522% 20233 3,435 3,467
Freddie Mac, Series K036, Class A2, multifamily 3.527% 20232,3 24,490 25,929
Freddie Mac, Series K043, Class A2, multifamily 3.062% 20243 13,500 13,830
Freddie Mac, Series K056, Class A2, multifamily 2.525% 20263 2,360 2,295
Freddie Mac, Series K055, Class A2, multifamily 2.673% 20263 1,000 986
Freddie Mac, Series K061, Class A2, multifamily, 3.347% 20263 8,570 8,874
Freddie Mac, Series K062, Class A2, multifamily, 3.413% 20263 8,610 8,963
Freddie Mac, Series K063, Class A2, multifamily 3.43% 20503 6,125 6,380
National Australia Bank 2.00% 20171,3 3,500 3,505
Westpac Banking Corp. 1.25% 20171,3 4,425 4,416
    100,879
Total mortgage-backed obligations   6,894,594
Asset-backed obligations 8.93%    
Aesop Funding LLC, Series 2012-3A, Class A, 2.10% 20191,3 1,000 1,003
Aesop Funding LLC, Series 2014-2A, Class A, 2.50% 20211,3 14,075 14,137
Aesop Funding LLC, Series 2015-1, Class A, 2.50% 20211,3 11,000 11,000
Aesop Funding LLC, Series 2015-2A, Class A, 2.63% 20211,3 9,175 9,192
American Express Credit Account Master Trust, Series 2014-4, Class A, 1.43% 20203 72,450 72,508
AmeriCredit Automobile Receivables Trust, Series 2016-4, Class A1, 0.78% 20173 7,906 7,906
AmeriCredit Automobile Receivables Trust, Series 2014-3, Class A3, 1.15% 20193 1,053 1,052
AmeriCredit Automobile Receivables Trust, Series 2015-1, Class A3, 1.26% 20193 4,040 4,039
AmeriCredit Automobile Receivables Trust, Series 2014-4, Class A3, 1.27% 20193 1,422 1,422
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class A2A, 1.37% 20193 22,242 22,241
AmeriCredit Automobile Receivables Trust, Series 2017-1, Class A2A, 1.51% 20203 14,840 14,835
AmeriCredit Automobile Receivables Trust, Series 2016-2, Class C, 2.87% 20213 645 652
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class C, 2.24% 20223 5,000 4,942
AmeriCredit Automobile Receivables Trust, Series 2017-1, Class C, 2.71% 20223 6,030 6,058
AmeriCredit Automobile Receivables Trust, Series 2016-1, Class C, 2.89% 20223 4,240 4,285
Angel Oak Capital Advisors, LLC, Series 2013-9A, Class A1R, CLO,
(3-month USD-LIBOR + 1.01%) 2.157% 20251,2,3,5		 17,805 17,805
Ares CLO Ltd., Series 2012-3A, Class AR, CLO, (3-month USD-LIBOR + 1.22%) 2.10% 20241,2,3 56,500 56,518
ARI Fleet Lease Trust, Series 2014-A, Class A2, 0.81% 20221,3 27 27
Avant Loans Funding Trust, Series 2016-C, Class A, 2.96% 20191,3 2,838 2,842

 

The Bond Fund of America — Page 28 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Asset-backed obligations (continued)		 Principal amount
(000)		 Value
(000)
Avant Loans Funding Trust, Series 2016-B, Class A, 3.92% 20191,3 $2,494 $2,503
Avant Loans Funding Trust, Series 2016-A, Class A, 4.11% 20191,3 1,184 1,186
Avant Loans Funding Trust, Series 2016-C, Class B, 4.92% 20201,3 8,365 8,512
Avant Loans Funding Trust, Series 2015-A, Class A, 4.00% 20211,3 4,354 4,368
BA Credit Card Trust, Series 2015-A2, Class A, 1.36% 20203 87,805 87,727
Babson CLO Ltd., Series 2012-2A, Class A1R, CLO, (3-month USD-LIBOR + 1.24%) 2.279% 20231,2,3 3,335 3,340
Bank of the West Auto Trust, Series 2014-1, Class A3, 1.09% 20191,3 1,274 1,273
BlueMountain CLO Ltd., Series 2013-4A, Class AR, (3-month USD-LIBOR + 1.01%) 2.160% 20251,2,3 33,385 33,385
BMW Vehicle Owner Trust 2016-A, Series 2016-A, Class A2A, 0.99% 20193 14,225 14,207
Cabela’s Master Credit Card Trust, Series 2012-2A, Class A1, 1.45% 20201,3 3,235 3,236
Cabela’s Master Credit Card Trust, Series 2016-1, Class A1, 1.78% 20223 10,580 10,562
Capital One Multi-Asset Execution Trust, Series 2015-A1, Class A1, 1.39% 20213 227,914 227,839
Capital One Multi-Asset Execution Trust, Series 2014-A5, Class A, 1.48% 20203 12,000 12,012
Capital One Multi-Asset Execution Trust, Series 2015-A5, Class A5, 1.60% 20213 55,412 55,472
Carlyle Global Market Strategies Commodities Fund, Series 2015-1A, Class A,
(3-month USD-LIBOR + 1.50%) 2.498% 20201,2,3,5,6		 26,902 17,320
Carlyle Global Market Strategies Commodities Fund, Series 2014-1A, Class A,
(3-month USD-LIBOR + 1.90%) 2.922% 20211,2,3,5,6		 12,234 8,033
CarMaxAuto Owner Trust, Series 2014-4, Class A3, 1.25% 20193 5,817 5,816
Chase Issuance Trust, Series 2016-A7, Class A, 1.06% 20193 29,000 28,978
Chase Issuance Trust, Series 2014-A7, Class A, 1.38% 20193 5,835 5,838
Chase Issuance Trust, Series 2016-A6, Class A6, 1.10% 20203 539,214 538,070
Chase Issuance Trust, Series 2013-A1, Class A1, 1.30% 20203 6,750 6,749
Chase Issuance Trust, Series 2013-A7, Class A, (1-month USD-LIBOR + 0.43%) 1.342% 20202,3 11,955 12,008
Chase Issuance Trust, Series 2015-A5, Class A, 1.36% 20203 16,711 16,696
Chase Issuance Trust, Series 2015-A2, Class A, 1.59% 20203 218,400 218,722
Chesapeake Funding LLC, Series 2014-1A, Class A, (1-month USD-LIBOR + 0.42%) 1.254% 20261,2,3 6,330 6,324
Chrysler Capital Auto Receivables Trust, Series 2015-AA, Class A3, 1.22% 20191,3 1,943 1,942
Chrysler Capital Auto Receivables Trust, Series 2014-AA, Class A4, 1.31% 20191,3 1,912 1,911
Chrysler Capital Auto Receivables Trust, Series 2015-AA, Class B, 2.07% 20211,3 2,500 2,505
CIFC Funding Ltd., Series 2012-2A, Class A1R, CLO, (3-month USD-LIBOR + 1.35%) 2.45% 20241,2,3 25,645 25,704
Citi Held For Issuance, Series 2015-PM2, Class A, 2.35% 20221,3 2,338 2,339
Citi Held For Issuance, Series 2015-PM3, Class A, 2.56% 20221,3 4,880 4,885
Citi Held For Issuance, Series 2016-PM1, Class A, 4.65% 20251,3 5,002 5,069
Citibank Credit Card Issuance Trust, Series 2014-A8, Class A8, 1.73% 20203 8,984 9,015
Citibank Credit Card Issuance Trust, Series 2008-A2, Class A2,
(1-month USD-LIBOR + 1.15%) 2.127% 20202,3		 13,590 13,709
Citibank Credit Card Issuance Trust, Series 2008-A1, Class A1, 5.35% 20203 11,400 11,773
CLI Funding V LLC, Series 2013-1A, Class Note, 2.83% 20281,3 4,181 4,023
CLI Funding V LLC, Series 2013-2A, Class Note, 3.22% 20281,3 1,152 1,112
CLI Funding V LLC, Series 2013-1A, Class A, 3.67% 20281,3 1,515 1,467
CLI Funding V LLC, Series 2014-1A, Class A, 3.29% 20291,3 6,398 6,251
CLI Funding V LLC, Series 2014-2A, Class A, 3.38% 20291,3 7,536 7,394
Conseco Finance Home Equity Loan Trust, Series 2002-B, Class M1, (1-month USD-LIBOR + 1.75%)
2.662% 20332,3		 438 439
Consumer Credit Origination Loan Trust, Series 2015-1, Class A, 2.82% 20211,3 15 15
CPS Auto Receivables Trust, Series 2015-A, Class A, 1.53% 20191,3 598 598
CPS Auto Receivables Trust, Series 2015-C, Class A, 1.77% 20191,3 1,202 1,204
CPS Auto Receivables Trust, Series 2016-B, Class A, 2.07% 20191,3 1,896 1,901
CPS Auto Receivables Trust, Series 2016-D, Class A, 1.50% 20201,3 13,175 13,148
CPS Auto Receivables Trust, Series 2017-A, Class A, 1.68% 20201,3 15,888 15,873
CPS Auto Receivables Trust, Series 2016-A, Class C, 3.80% 20211,3 3,500 3,563
CPS Auto Receivables Trust, Series 2015-A, Class C, 4.00% 20211,3 2,395 2,407
CWHEQ Revolving Home Equity Loan Trust, Series 2005-C, Class 2A, FSA insured, (1-month USD-LIBOR + 0.18%) 1.092% 20352,3 3,731 3,394

 

The Bond Fund of America — Page 29 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Asset-backed obligations (continued)		 Principal amount
(000)		 Value
(000)
CWHEQ Revolving Home Equity Loan Trust, Series 2006-I, Class 2A, FSA insured, (1-month USD-LIBOR + 0.14%) 0.91% 20372,3 $5,454 $5,015
CWHEQ Revolving Home Equity Loan Trust, Series 2007-B, Class A, FSA insured, (1-month USD-LIBOR + 0.15%) 1.062% 20372,3 8,300 7,430
Dell Equipment Finance Trust, Series 2016-1, Class A1, 0.85% 20171,3 738 738
Discover Card Execution Note Trust, Series 2015-A1, Class A1,
(1-month USD-LIBOR + 0.35%) 1.262% 20202,3		 9,970 9,993
Discover Card Execution Note Trust, Series 2014-A5, Class A, 1.39% 20203 10,600 10,606
DRB Prime Student Loan Trust, Series 2015-D, Class A3, 2.50% 20361,3 2,599 2,603
Drive Auto Receivables Trust, Series 2017-BA, Class A1, 1.20% 20181,3 26,540 26,540
Drive Auto Receivables Trust, Series 2017-BA, Class A2, 1.59% 20181,3 17,005 17,005
Drive Auto Receivables Trust, Series 2016-CA, Class A2, 1.41% 20191,3 25,924 25,913
Drive Auto Receivables Trust, Series 2015-AA, Class B, 2.28% 20191,3 190 190
Drive Auto Receivables Trust, Series 2015-DA, Class B, 2.59% 20191,3 1,361 1,364
Drive Auto Receivables Trust, Series 2017-BA, Class C, 2.61% 20211,3 22,850 22,847
Drive Auto Receivables Trust, Series 2015-BA, Class C, 2.76% 20211,3 15,145 15,224
Drive Auto Receivables Trust, Series 2015-CA, Class C, 3.01% 20211,3 4,180 4,213
Drive Auto Receivables Trust, Series 2016-CA, Class C, 3.02% 20211,3 2,500 2,532
Drive Auto Receivables Trust, Series 2015-AA, Class C, 3.06% 20211,3 6,700 6,743
Drive Auto Receivables Trust, Series 2015-DA, Class C, 3.38% 20211,3 11,925 12,060
Drive Auto Receivables Trust, Series 2016-AA, Class C, 3.91% 20211,3 18,000 18,307
Drive Auto Receivables Trust, Series 2017-AA, Class C, 2.98% 20221,3 12,725 12,816
Drive Auto Receivables Trust, Series 2016-BA, Class C, 3.19% 20221,3 2,890 2,929
Drivetime Auto Owner Trust, Series 2015-3A, Class A, 1.66% 20191,3 336 336
Drivetime Auto Owner Trust, Series 2016-2A, Class A, 1.73% 20191,3 991 991
Drivetime Auto Owner Trust, Series 2017-1A, Class A, 1.56% 20201,3 17,767 17,756
Drivetime Auto Owner Trust, Series 2017-1A, Class B, 2.26% 20211,3 4,350 4,345
Drivetime Auto Owner Trust, Series 2016-1A, Class C, 3.54% 20211,3 1,365 1,381
Drivetime Auto Owner Trust, Series 2017-1A, Class C, 2.70% 20221,3 6,875 6,873
Drivetime Auto Owner Trust, Series 2016-3A, Class C, 3.15% 20221,3 8,860 8,932
Drivetime Auto Owner Trust, Series 2016-2A, Class C, 3.67% 20221,3 3,735 3,788
Dryden Senior Loan Fund, Series 2012-24RA, Class AR, CLO, (3-month USD-LIBOR + 1.29%) 2.329% 20231,2,3 10,433 10,455
Enterprise Fleet Financing LLC, Series 2016-2, Class A1, 0.85% 20171,3 2,738 2,737
Enterprise Fleet Financing LLC, Series 2017-1, Class A2, 2.13% 20221,3 7,435 7,445
Exeter Automobile Receivables Trust, Series 2015-1A, Class C, 4.10% 20201,3 7,750 7,945
Exeter Automobile Receivables Trust, Series 2017-1A, Class A, 1.96% 20211,3 20,559 20,545
Exeter Automobile Receivables Trust, Series 2015-2A, Class C, 3.90% 20211,3 3,335 3,391
Exeter Automobile Receivables Trust, Series 2015-3A, Class C, 4.83% 20211,3 1,000 1,032
Exeter Automobile Receivables Trust, Series 2014-1A, Class D, 5.53% 20211,3 3,540 3,658
Fifth Third Auto Trust, Series 2014-3, Class A3, 0.96% 20193 2,147 2,145
Finn Square CLO Ltd., Series 2012-1A, Class A1R, CLO, (3-month USD-LIBOR + 1.21%) 2.207% 20231,2,3 33,178 33,235
First Investors Auto Owner Trust, Series 2017-1A, Class A1, 1.69% 20211,3 14,638 14,631
Ford Credit Auto Owner Trust, Series 2017-A, Class A2A, 1.50% 20193 105,000 104,941
Ford Credit Auto Owner Trust, Series 2014-1A, 2.26% 20251,3 3,680 3,712
Ford Credit Auto Owner Trust, Series 2015-1, Class A, 2.12% 20261,3 24,110 24,178
Ford Credit Auto Owner Trust, Series 2014-2A, 2.31% 20261,3 9,165 9,247
Ford Credit Auto Owner Trust, Series 2016-2, Class A, 2.03% 20271,3 13,500 13,328
Ford Credit Auto Owner Trust, Series 2016-1, Class A, 2.31% 20271,3 20,400 20,415
Ford Credit Auto Owner Trust, Series 2015-2, Class A, 2.44% 20271,3 23,070 23,280
Ford Credit Auto Owner Trust, Series 2017-1, Class A, 2.62% 20281,3 33,535 33,749
Ford Credit Floorplan Master Owner Trust, Series 2016-3, Class B, 1.75% 20213 4,621 4,569
Ford Credit Floorplan Master Owner Trust, Series 2016-5, Class A1, 1.95% 20213 18,000 18,002
Ford Credit Floorplan Master Owner Trust, Series 2015-2, Class A1, 1.98% 20223 10,890 10,877
GMF Floorplan Owner Revolving Trust, Series 2017-1, Class A1, 2.22% 20221,3 9,635 9,657
GMF Floorplan Owner Revolving Trust, Series 2017-1, Class B, 2.58% 20221,3 3,500 3,495

 

The Bond Fund of America — Page 30 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Asset-backed obligations (continued)		 Principal amount
(000)		 Value
(000)
Henderson Receivables LLC, Series 2006-3A, Class A1, (1-month USD-LIBOR + 0.20%) 0.968% 20411,2,3 $1,586 $1,495
Henderson Receivables LLC, Series 2006-4A, Class A1, (1-month USD-LIBOR + 0.20%) 1.112% 20411,2,3 1,983 1,933
Hertz Fleet Lease Funding LP, Series 2014-1A, (1-month USD-LIBOR + 0.40%) 1.258% 20281,2,3 2,573 2,572
Hertz Vehicle Financing LLC, Rental Car Asset-backed Notes, Series 2013-1A, Class A2, 1.83% 20191,3 28,500 28,417
Hertz Vehicle Financing LLC, Rental Car Asset-backed Notes, Series 2015-1, Class A, 2.73% 20211,3 20,548 20,524
Hertz Vehicle Financing LLC, Rental Car Asset-backed Notes, Series 2015-1, Class A, 3.52% 20211,3 1,939 1,942
Hertz Vehicle Financing LLC, Rental Car Asset-backed Notes, Series 2016-2A, Class A, 2.95% 20221,3 5,000 4,984
Home Equity Asset Trust, Series 2004-7, Class M1, (1-month USD-LIBOR + 0.62%) 1.912% 20352,3 4,386 4,251
Honda Auto Receivables Owner Trust, Series 2014-3, Class A3, 0.88% 20183 2,773 2,771
Honda Auto Receivables Owner Trust, Series 2014-3, Class A4, 1.31% 20203 53,464 53,430
Hyundai Auto Lease Securitization Trust, Series 2017-A, Class A1, 0.82% 20181,3 27,197 27,172
IndyMac Home Equity Mortgage Loan Asset-backed Trust, Series 2007-H1, Class A1, FSA insured, (1-month USD-LIBOR + 0.16%) 1.142% 20372,3 4,256 3,922
Lehman ABS Manufactured Housing Contract Trust, Series 2002-A, Class A, (1-month USD-LIBOR + 0.45%) 1.22% 20332,3 366 363
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A3, 4.35% 20403 318 324
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A4, 5.27% 20403 163 168
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A5, 5.873% 20403 536 554
Madison Park Funding Ltd., CLO, Series 2014-13A, Class AR, (3-month USD-LIBOR + 1.11%)
1.988% 20251,2,3,5		 23,200 23,207
Marine Park CLO Ltd., Series 2012-1A, Class A1AR, CLO, (3-month USD-LIBOR + 1.28%) 2.332% 20231,2,3 28,378 28,411
MarketPlace Loan Trust, Series 2015-AV1, Class A, 4.00% 20211,3,5 4,882 4,901
Navient Student Loan Trust, Series 2015-AA, Class A1, (1-month USD-LIBOR + 0.50%) 1.412% 20211,2,3 310 310
Octagon Investment Partners XII Ltd., Series 2012-1AR, Class AR, CLO, (3-month USD-LIBOR + 1.27%)
2.304% 20231,2,3		 5,118 5,119
Octagon Investment Partners XV Ltd., Series 2013-1A, Class A, CLO, (3-month USD-LIBOR + 1.29%)
2.315% 20251,2,3		 14,850 14,864
Onemain Financial Issuance Trust, Series 2015-2-A, Class A, 2.57% 20251,3 3,650 3,662
Race Point CLO Ltd., Series 2012-7A, Class AR, CLO, (3-month USD-LIBOR + 1.20%) 2.238% 20241,2,3 25,479 25,485
RAMP Trust, Series 2004-RS10, Class AI6, 4.55% 20343 113 113
Residential Funding Mortgage Securities II, Inc., Series 2006-HSA3, Class A, FSA insured, (1-month USD-LIBOR + 0.13%) 1.112% 20362,3 637 579
Santander Drive Auto Receivables Trust, Series 2016-3, Class A1, 0.80% 20173 4,072 4,072
Santander Drive Auto Receivables Trust, Series 2013-2, Class C, 1.95% 20193 873 874
Santander Drive Auto Receivables Trust, Series 2013-5, Class C, 2.25% 20193 1,849 1,854
Santander Drive Auto Receivables Trust, Series 2015-2, Class B, 1.83% 20203 2,500 2,504
Santander Drive Auto Receivables Trust, Series 2015-4, Class B, 2.26% 20203 2,750 2,762
Santander Drive Auto Receivables Trust, Series 2014-1, Class C, 2.36% 20203 2,976 2,986
Santander Drive Auto Receivables Trust, Series 2014-5, Class C, 2.46% 20203 12,410 12,491
Santander Drive Auto Receivables Trust, Series 2016-1, Class B, 2.47% 20203 4,000 4,036
Santander Drive Auto Receivables Trust, Series 2013-4, Class C, 3.25% 20203 478 480
Santander Drive Auto Receivables Trust, Series 2015-2, Class C, 2.44% 20213 14,110 14,194
Santander Drive Auto Receivables Trust, Series 2015-1, Class C, 2.57% 20213 1,150 1,159
Santander Drive Auto Receivables Trust, Series 2016-2, Class C, 2.66% 20213 4,980 5,010
Santander Drive Auto Receivables Trust, Series 2015-5, Class C, 2.74% 20213 14,335 14,433
Santander Drive Auto Receivables Trust, Series 2015-3, Class C, 2.74% 20213 5,820 5,884
Santander Drive Auto Receivables Trust, Series 2015-4, Class C, 2.97% 20213 14,215 14,409
Santander Drive Auto Receivables Trust, Series 2016-3, Class C, 2.46% 20223 1,200 1,202
Santander Drive Auto Receivables Trust, Series 2017-1, Class C, 2.58% 20223 9,635 9,640
Santander Drive Auto Receivables Trust, Series 2016-1, Class C, 3.09% 20223 3,675 3,721
SLM Private Credit Student Loan Trust, Series 2014-A, Class A1, (1-month USD-LIBOR + 0.60%)
1.512% 20221,2,3		 563 564
SLM Private Credit Student Loan Trust, Series 2008-9, Class A, (3-month USD-LIBOR + 1.50%) 2.538% 20232,3 10,781 11,006
SLM Private Credit Student Loan Trust, Series 2010-1, Class A, (1-month USD-LIBOR + 0.40%) 1.382% 20252,3 5,030 4,940
SLM Private Credit Student Loan Trust, Series 2012-3, Class A, (1-month USD-LIBOR + 0.65%) 1.632% 20252,3 1,618 1,599

 

The Bond Fund of America — Page 31 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Asset-backed obligations (continued)		 Principal amount
(000)		 Value
(000)
SLM Private Credit Student Loan Trust, Series 2013-4, Class A, (1-month USD-LIBOR + 0.55%) 1.532% 20272,3 $4,110 $4,016
SLM Private Credit Student Loan Trust, Series 2012-2, Class A, (1-month USD-LIBOR + 0.70%) 1.682% 20292,3 5,211 5,178
Social Professional Loan Program LLC, Series 2015-C, Class A2, 2.51% 20331,3 4,120 4,115
TAL Advantage V LLC, Series 2013-1A, Class A, 2.83% 20381,3 2,964 2,866
TAL Advantage V LLC, Series 2013-2A, Class A, 3.55% 20381,3 4,137 4,070
TAL Advantage V LLC, Series 2014-3A, Class A, 3.27% 20391,3 2,143 2,077
TAL Advantage V LLC, Series 2014-1A, Class A, 3.51% 20391,3 6,702 6,578
TAL Advantage V LLC, Series 2017-1A, Class A, 4.50% 20421,3 14,015 14,185
Verizon Owner Trust, Series 2016-1A, Class A, 1.42% 20211,3 10,165 10,115
Verizon Owner Trust, Series 2017-1A, Class A, 2.06% 20211,3 28,780 28,885
Verizon Owner Trust, Series 2017-1A, Class B, 2.45% 20211,3 2,000 2,013
Verizon Owner Trust, Series 2017-1A, Class C, 2.65% 20211,3 2,500 2,506
Volkswagen Auto Loan Enhanced Trust, Series 2014-2, Class A3, 0.95% 20193 6,185 6,171
Westlake Automobile Receivables Trust, Series 2016-3, Class A2, 1.42% 20191,3 20,800 20,784
Westlake Automobile Receivables Trust, Series 2017-1A, Class A2, 1.78% 20201,3 29,680 29,704
Westlake Automobile Receivables Trust, Series 2016-1A, Class C, 3.29% 20211,3 4,500 4,556
Westlake Automobile Receivables Trust, Series 2017-1A, Class C, 2.70% 20221,3 3,000 3,008
Wheels SPV 2 LLC, Series 2016-1A, Class A2, 1.59% 20251,3 1,200 1,200
World Financial Network Credit Card Master Note Trust, Series 2015-A, Class A,
(1-month USD-LIBOR + 0.48%) 1.392% 20222,3		 1,600 1,605
World Omni Auto Receivables Trust, Series 2014-B, Class A3, 1.14% 20203 3,904 3,897
    2,899,242
Bonds & notes of governments & government agencies outside the U.S. 2.48%    
Abu Dhabi (Emirate of) 3.125% 20261 5,000 5,002
Argentine Republic 6.875% 20211 3,075 3,306
Argentine Republic 18.20% 2021 ARS23,600 1,647
Argentine Republic 7.50% 20261 $4,925 5,238
Argentine Republic 15.50% 2026 ARS7,350 505
Argentine Republic 8.28% 20333,8 $4,984 5,351
Argentine Republic 0% 2035 25,700 2,576
Argentine Republic 7.625% 20461 4,250 4,329
Armenia (Republic of) 7.15% 20251 4,810 5,167
Bermuda 4.138% 20231 1,700 1,749
Bermuda 4.854% 20241 10,650 11,271
Bermuda 3.717% 20271 5,800 5,612
Brazil (Federal Republic of) Global 6.00% 2026 29,700 32,358
Brazil (Federal Republic of) Global 5.00% 2045 14,500 12,977
Brazil (Federative Republic of) 10.00% 2025 BRL14,000 4,477
Brazil (Federative Republic of) 10.00% 2027 83,000 26,489
Brazil (Federative Republic of) 5.625% 2047 $6,590 6,409
Brazil (Federative Republic of) 6.00% 205010 BRL32,814 11,790
Buenos Aires (City of) 8.95% 20213 $1,000 1,120
Cote d’Ivoire (Republic of) 6.375% 20281,3 7,275 7,145
Dominican Republic 7.50% 20213 950 1,052
Dominican Republic 5.875% 20243 1,640 1,720
Dominican Republic 5.50% 20251 10,380 10,601
Dominican Republic 6.875% 20261 4,300 4,730
Egypt (Arab Republic of) 7.50% 20271 3,200 3,404
Egypt (Arab Republic of) 8.50% 20471 2,245 2,419
FMS Wertmanagement 1.00% 2017 4,400 4,390
FMS Wertmanagement 1.625% 2018 6,400 6,422
Ghana (Republic of) 21.50% 2020 GHS30,500 7,371
Honduras (Republic of) 8.75% 2020 $4,175 4,750
Honduras (Republic of) 7.50% 20243 3,330 3,675

 

The Bond Fund of America — Page 32 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Bonds & notes of governments & government agencies outside the U.S. (continued)		 Principal amount
(000)		 Value
(000)
Honduras (Republic of) 6.25% 20271 $1,400 $1,424
Hungary 4.00% 2019 3,000 3,116
Hungary 5.375% 2023 5,950 6,563
India (Republic of) 7.80% 2021 INR980,600 15,686
India (Republic of) 8.83% 2023 387,200 6,528
India (Republic of) 8.60% 2028 1,015,200 17,115
Indonesia (Republic of) 3.70% 20221 $10,700 10,931
Indonesia (Republic of) 3.75% 2022 13,255 13,546
Indonesia (Republic of) 3.375% 2023 9,350 9,361
Iraq (Republic of) 5.80% 20283 5,150 4,558
Japan, Series 18, 0.10% 202410 ¥5,375,720 50,411
Japan, Series 19, 0.10% 202410 2,982,000 28,124
Japan, Series 20, 0.10% 202510 8,466,000 80,037
Japan, Series 21, 0.10% 202610 1,493,130 14,156
Japan Bank for International Cooperation 2.25% 2020 $37,610 37,633
Japan Finance Organization for Municipalities 2.125% 20191 10,000 9,987
Jordan (Hashemite Kingdom of) 6.125% 20261 2,090 2,142
Jordan (Hashemite Kingdom of) 5.75% 20271 615 604
Kazakhstan (Republic of) 5.125% 20251 2,250 2,450
Kazakhstan (Republic of) 6.50% 20451 2,250 2,673
Kenya (Republic of) 6.875% 20241 6,425 6,417
Kuwait (State of) 2.75% 20221 11,650 11,681
Kuwait (State of) 3.50% 20271 17,900 18,114
Landwirtschaftliche Rentenbank 1.75% 2019 8,970 9,004
Morocco (Kingdom of) 4.25% 2022 5,400 5,603
Morocco (Kingdom of) 5.50% 2042 7,200 7,703
Nigeria (Federal Republic of) 6.375% 2023 1,990 2,026
Pakistan (Islamic Republic of) 5.50% 20211 2,335 2,402
Pakistan (Islamic Republic of) 8.25% 2024 2,220 2,465
Pakistan (Islamic Republic of) 8.25% 2025 530 594
Paraguay (Republic of) 5.00% 20261 1,575 1,648
Paraguay (Republic of) 5.00% 2026 900 942
Paraguay (Republic of) 4.70% 20271 600 609
Saudi Arabia (Kingdom of) 2.375% 20211 14,200 13,961
Saudi Arabia (Kingdom of) 3.25% 20261 35,670 34,725
South Africa (Republic of) 5.50% 2020 1,000 1,066
Sri Lanka (Democratic Socialist Republic of) 6.85% 2025 800 829
Sri Lanka (Democratic Socialist Republic of) 6.825% 2026 5,500 5,699
Swedish Export Credit Corp. 2.875% 20231 9,000 8,975
Turkey (Republic of) 5.625% 2021 19,350 20,244
Turkey (Republic of) 3.25% 2023 14,000 12,867
Turkey (Republic of) 9.00% 2024 TRY11,025 2,785
Turkey (Republic of) 4.25% 2026 $7,700 7,146
Turkey (Republic of) 4.875% 2026 3,580 3,455
Turkey (Republic of) 8.00% 2034 1,250 1,504
Turkey (Republic of) 6.00% 2041 2,820 2,793
United Mexican States 4.00% 2023 8,000 8,260
United Mexican States 3.60% 2025 7,600 7,600
United Mexican States 4.125% 2026 1,600 1,649
United Mexican States 4.15% 2027 22,865 23,294
United Mexican States 5.55% 2045 2,500 2,709
United Mexican States, Series M, 6.50% 2021 MXN65,000 3,432
United Mexican States, Series M20, 10.00% 2024 730,000 45,907
Venezuela (Bolivarian Republic of) 12.75% 20223 $390 227
Venezuela (Bolivarian Republic of) 8.25% 2024 375 163

 

The Bond Fund of America — Page 33 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Bonds & notes of governments & government agencies outside the U.S. (continued)		 Principal amount
(000)		 Value
(000)
Venezuela (Bolivarian Republic of) 9.25% 2027 $1,355 $635
Venezuela (Bolivarian Republic of) 11.95% 20313 620 338
Zambia (Republic of) 5.375% 2022 1,315 1,207
Zambia (Republic of) 8.97% 20271,3 3,245 3,401
    806,176
Municipals 0.91%    
State of California, Veterans G.O. Ref. Bonds, Series 2015-CM, AMT, 2.45% 2031 1,385 1,391
State of California, Industry Public Facs. Auth., Tax Allocation Rev. Ref. Bonds (Civic - Recreational-Industrial Redev. Project No. 1), Series 2015-A, Assured Guaranty Municipal insured, 2.203% 2018 10,000 10,048
State of California, Turlock Irrigation Dist., Rev. Ref. Bonds, Series 2016, 5.00% 2046 10,000 11,371
State of Connecticut, Housing Fin. Auth., Housing Mortgage Fin. Program Rev. Ref. Bonds, Series 2015-C-1, 3.50% 2045 1,825 1,908
State of Florida, Hurricane Catastrophe Fund Fin. Corp., Rev. Bonds, Series 2013-A, 2.995% 2020 6,550 6,729
State of Illinois, Fin. Auth., Rev. Bonds (Mercy Health Corp.), Series 2016, 5.00% 2040 10,000 10,697
State of Illinois, G.O. Bonds, Series 2014, 5.00% 2039 17,900 17,909
State of Illinois, G.O. Bonds, Series 2013-B, 3.65% 2020 2,570 2,541
State of Illinois, G.O. Bonds, Series 2013-B, 4.11% 2022 2,280 2,209
State of Illinois, G.O. Bonds, Series 2013-B, 4.31% 2023 7,325 7,105
State of Illinois, G.O. Bonds, Pension Funding Series 2013, 5.877% 2019 705 742
State of Illinois, G.O. Bonds, Pension Funding Series 2003, 4.95% 2023 21,620 22,067
State of Illinois, G.O. Bonds, Pension Funding Series 2003, 5.10% 20333 46,195 42,231
State of Illinois, G.O. Bonds, Taxable Build America Bonds, Series 2010-3, 5.727% 2020 3,230 3,371
State of Illinois, G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.65% 2020 820 853
State of Illinois, G.O. Bonds, Taxable Build America Bonds, Series 2010-5, 6.20% 2021 1,090 1,141
State of Illinois, G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.85% 2022 905 939
State of Illinois, G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.95% 2023 2,275 2,379
State of Illinois, G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 6.15% 2025 2,250 2,371
State of Illinois, G.O. Bonds, Taxable Build America Bonds, Series 2010-1, 6.63% 2035 1,350 1,378
State of Illinois, Housing Dev. Auth., Rev. Bonds, Series 2016-A, 4.00% 2046 955 1,020
State of Illinois, Housing Dev. Auth., Multifamily Housing Rev. Notes (Marshall Field Garden Apartment Homes), (SIFMA Municipal Swap Index + 1.00%) 1.91% 2050 (put 2025)2 4,650 4,604
State of Iowa, Fin. Auth., Single Family Mortgage Bonds, Series 2016-A, 4.00% 2046 905 969
State of Kentucky, Housing Corp., Housing Rev. Bonds, Series 2013-D, 3.50% 2033 1,205 1,249
State of Maine, Housing Auth., Mortgage Purchase Rev. Ref. Bonds, Series 2015-E-1, AMT, 3.50% 2035 3,285 3,409
State of Maryland, Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2014-B, AMT, 3.25% 2044 3,380 3,494
State of Massachusetts, Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 178, 3.50% 2042 955 1,002
State of Michigan, Fin. Auth., Local Government Loan Program Rev. Bonds (City of Detroit Fin. Recovery Income Tax Local Project), Series 2014-F-2, 4.60% 2022 6,000 6,090
State of Michigan, Housing Dev. Auth., Single-Family Mortgage Rev. Bonds, Series 2016-B, 3.50% 2047 21,000 21,943
State of Minnesota, Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2015-A, AMT, 4.00% 2041 620 658
State of Minnesota, Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2014-C, AMT, 4.00% 2045 3,925 4,144
State of Minnesota, Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2015-E, AMT, 3.50% 2046 1,760 1,830
State of Missouri, Housing Dev. Commission, Single Family Mortgage Rev. Bonds (Special Homeownership Loan Program), Series 2015-A, 3.75% 2038 875 922
State of Nebraska, Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2015-C, 3.50% 2045 1,265 1,330
State of Nebraska, Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2016-A, 3.50% 2046 1,950 2,048
State of New Jersey, Transportation Trust Fund Auth., Transportation System Bonds,
Series 2006-C, Assured Guaranty Municipal insured, 0% 2033		 8,500 3,934
State of New Jersey, Transportation Trust Fund Auth., Transportation System Bonds,
Series 2006-C, Assured Guaranty Municipal insured, 0% 2034		 4,600 2,012
State of New Jersey, Econ. Dev. Auth., School Facs. Construction Rev. Ref. Bonds, Series 2015-YY,
4.447% 2020		 15,500 15,879

 

The Bond Fund of America — Page 34 of 44

 

 

 

unaudited

 

 

Bonds, notes & other debt instruments
Municipals (continued)		 Principal amount
(000)		 Value
(000)
State of New Jersey, Transportation Trust Fund Auth., Transportation System Rev. Ref. Bonds,
Series 2013-B, 1.758% 2018		 $10,500 $10,374
State of New York, Convention Center Dev. Corp., Rev. Bonds (Hotel Unit Fee Secured),
Series 2016-A, 0% 2049		 4,250 1,059
State of New York, Convention Center Dev. Corp., Rev. Bonds (Hotel Unit Fee Secured),
Series 2016-A, 0% 2055		 12,600 2,404
State of New York, Convention Center Dev. Corp., Rev. Bonds (Hotel Unit Fee Secured),
Series 2016-A, 0% 2056		 8,400 1,508
State of New York, Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 52, AMT, 3.50% 2030 1,660 1,729
State of Ohio, Buckeye Tobacco Settlement Fncg. Auth., Tobacco Settlement Asset-backed Bonds,
Current Interest Bonds, Series 2007-A-2, 5.875% 2047		 15,000 14,452
Territory of Puerto Rico, Electric Power Auth., Power Rev. Ref. Bonds, Series UU, Assured Guaranty Municipal insured, (3-month USD-LIBOR x 0.67 + 0.52%) 1.189% 20292 7,665 5,895
State of South Carolina, Housing Fin. Auth., Mortgage Rev. Ref. Bonds, 4.00% 2036 965 1,030
State of South Carolina, Housing Fin. Auth., Mortgage Rev. Ref. Bonds, AMT, 4.00% 2041 2,645 2,789
State of Tennessee, Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2013-2-A, AMT, 4.00% 2043 700 729
State of Tennessee, Housing Dev. Agcy., Homeownership Program Rev. Ref. Bonds, Issue 2015-A, 3.50% 2045 1,050 1,099
State of Tennessee, Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2015-1-A, AMT, 4.00% 2045 1,765 1,873
State of Tennessee, Housing Dev. Agcy., Residential Fin. Program Bonds, AMT, 4.00% 2046 2,255 2,384
State of Texas, SA Energy Acquisition Public Fac. Corp., Gas Supply Rev. Bonds, Series 2007, 5.50% 2023 6,000 6,942
State of Texas, Board of Regents of the Texas A&M University System, Rev. Fncg. System Bonds, Taxable Series 2016-B, 2.766% 2026 200 195
State of Texas, Water Dev. Board, State Water Implementation Rev. Fund, Rev. Bonds (Master Trust),
Series 2016, 5.00% 2046		 7,000 8,016
State of Utah, Housing Corp., Single Family Mortgage Bonds, Class III, Series 2015-D-2, 4.00% 2045 1,020 1,088
State of Wisconsin, Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2015-A, AMT,
4.00% 2045		 2,205 2,328
State of Wisconsin, Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2016-A, AMT,
3.50% 2046		 1,870 1,941
State of Wyoming, Community Dev. Auth., Housing Rev. Bonds, Series 2015-6, 4.00% 2045 830 888
    294,640
Federal agency bonds & notes 0.26%    
CoBank, ACB (3-month USD-LIBOR + 0.60%) 1.731% 20221,2 29,725 28,717
Fannie Mae 2.125% 2026 14,240 13,640
Federal Agricultural Mortgage Corp. 5.125% 20171 5,000 5,009
Federal Home Loan Bank 2.75% 2018 16,635 16,979
Tennessee Valley Authority 1.875% 2022 15,600 15,419
Tennessee Valley Authority 4.65% 2035 4,000 4,657
    84,421
Total bonds, notes & other debt instruments (cost: $31,276,357,000)   31,437,560
Preferred securities 0.01%
Financials 0.01%		 Shares  
CoBank, ACB, Class E, noncumulative1 6,250 3,894
Total preferred securities (cost: $5,820,000)   3,894
Common stocks 0.02%
Health care 0.01%		    
Rotech Healthcare Inc.5,6,12 342,069 2,757

 

The Bond Fund of America — Page 35 of 44

 

 

 

unaudited

 

 

Common stocks
Information technology 0.01%		 Shares Value
(000)
Corporate Risk Holdings I, Inc.5,6,12 188,850 $2,544
Corporate Risk Holdings Corp.5,6,12 955 —
    2,544
Materials 0.00%    
Warrior Met Coal, LLC, Class B1,5 3,009 978
Warrior Met Coal, LLC, Class A1,5 1,027 334
    1,312
Industrials 0.00%    
Atrium Corp.1,5,6,12 985 1
Total common stocks (cost: $15,325,000)   6,614
Rights & warrants 0.00%
Energy 0.00%		    
Gener8 Maritime, Inc., warrants, expire 20171,5,12 2,654 —
Total rights & warrants (cost: $672,000)   —
Short-term securities 11.86% Principal amount
(000)		  
Abbey National Treasury Services PLC 1.08% due 4/24/2017 $12,050 12,043
Apple Inc. 0.80% due 6/5/20171 50,000 49,932
Chariot Funding, LLC 0.75% due 4/19/20171 50,000 49,977
Chevron Corp. 0.82% due 4/3/20171 75,500 75,495
Danaher Corp. 0.75% due 4/5/2017 38,400 38,396
Eli Lilly and Co. 0.73% due 4/6/20171 50,000 49,993
ExxonMobil Corp. 0.74% due 5/4/2017 50,000 49,960
Fannie Mae 0.51%–0.73% due 4/12/2017–5/12/2017 257,400 257,283
Federal Farm Credit Banks 0.52% due 4/27/2017 35,000 34,982
Federal Home Loan Bank 0.50%–0.80% due 4/3/2017–6/28/2017 1,651,728 1,650,491
Japan, Series 668, 0% 2017 (0.32%) due 9/11/2017 ¥68,000,000 611,369
Johnson & Johnson 0.81% due 4/10/20171 $50,000 49,989
Merck & Co. Inc. 0.84% due 5/15/20171 90,000 89,907
National Rural Utilities Cooperative Finance Corp. 0.87%–0.90% due 4/12/2017–4/24/2017 75,000 74,970
Svenska Handelsbanken Inc. 1.08% due 4/24/20171 21,700 21,689
U.S. Treasury Bills 0.50%–0.87% due 4/13/2017–9/21/2017 530,000 529,232
United Parcel Service Inc. 0.64% due 4/4/20171 50,000 49,996
USAA Capital Corp. 0.72% due 4/6/2017 50,000 49,993
Wal-Mart Stores, Inc. 0.76%–0.82% due 4/3/2017–4/10/20171 71,575 71,563
Wells Fargo Bank, N.A. 1.09% due 4/24/2017 34,000 34,006
Total short-term securities (cost: $3,844,557,000)   3,851,266
Total investment securities 108.67% (cost: $35,142,731,000)   35,299,334
Other assets less liabilities (8.67)%   (2,816,467)
Net assets 100.00%   $32,482,867

 

The Bond Fund of America — Page 36 of 44

 

 

 

unaudited

 

Futures contracts

 

Contracts Type Number of
contracts		 Expiration Notional
amount
(000)13		 Value at
3/31/2017
(000)14		 Unrealized
(depreciation)
appreciation
at 3/31/2017
(000)
30 Day Federal Funds Futures Long 3,237 April 2017 $1,348,750 $1,336,853 $(689)
20 Year U.S. Treasury Bond Futures Long 1,707 June 2017 170,700 257,490 702
30 Year Ultra U.S. Treasury Bond Futures Long 250 June 2017 25,000 40,156 (212)
10 Year U.S. Treasury Note Futures Short 859 June 2017 (85,900) (106,999) 3
10 Year Ultra U.S. Treasury Note Futures Short 7,811 June 2017 (781,100) (1,045,820) 763
5 Year U.S. Treasury Note Futures Long 89,541 July 2017 8,954,100 10,541,354 10,167
2 Year U.S. Treasury Note Futures Long 20,657 July 2017 4,131,400 4,471,272 3,297
90 Day Euro Dollar Futures Long 1,878 December 2017 469,500 462,223 391
90 Day Euro Dollar Futures Short 1,351 March 2018 (337,750) (332,160) (126)
90 Day Euro Dollar Futures Short 5,115 September 2018 (1,278,750) (1,254,581) 46
90 Day Euro Dollar Futures Short 5,115 December 2018 (1,278,750) (1,253,047) (19)
            $14,323

Forward currency contracts

 

Contract amount Counterparty Settlement
date		 Unrealized
(depreciation)
appreciation
at 3/31/2017
(000)
Purchases
(000)		 Sales
(000)
USD977 INR65,350 Citibank 4/10/2017 $(28)
USD19,369 BRL61,000 Citibank 4/10/2017 (68)
USD18,525 INR1,238,700 JPMorgan Chase 4/10/2017 (525)
EUR8,500 USD8,944 HSBC Bank 4/11/2017 128
USD15,121 AUD20,000 Barclays Bank PLC 4/11/2017 (156)
USD3 MXN50 JPMorgan Chase 4/12/2017 —15
GBP2,650 USD3,268 Citibank 4/13/2017 53
USD110 TRY405 JPMorgan Chase 4/13/2017 (1)
USD1,553 KRW1,800,000 Citibank 4/13/2017 (56)
MXN47,480 USD2,400 Bank of America, N.A. 4/21/2017 128
USD1,275 AUD1,700 JPMorgan Chase 4/21/2017 (23)
USD703 MXN14,000 Citibank 4/21/2017 (42)
USD14,859 KRW16,600,000 JPMorgan Chase 4/24/2017 10
USD17,505 INR1,148,500 JPMorgan Chase 4/24/2017 (123)
USD3,016 MXN59,392 Citibank 4/26/2017 (143)
USD15,876 AUD21,000 Bank of America, N.A. 4/27/2017 (160)
USD29,007 AUD37,700 Citibank 4/28/2017 218
USD16,865 BRL53,150 JPMorgan Chase 4/28/2017 (4)
USD15,847 MXN305,000 Goldman Sachs 4/28/2017 (374)
USD13,279 JPY1,520,000 JPMorgan Chase 4/28/2017 (389)
COP46,899,000 USD16,255 Citibank 5/3/2017 (18)
USD14,057 SGD19,600 JPMorgan Chase 5/9/2017 41
USD12,176 JPY1,350,000 UBS AG 5/10/2017 31
USD2,842 JPY315,000 Barclays Bank PLC 5/10/2017 8
USD462 GBP370 Bank of New York Mellon 5/10/2017 (2)
USD1,186 GBP950 JPMorgan Chase 5/10/2017 (5)
USD2,734 TRY10,125 UBS AG 5/10/2017 (20)
EUR9,605 USD10,352 Barclays Bank PLC 5/10/2017 (87)
USD28,090 MXN530,200 Goldman Sachs 5/11/2017 (47)
USD75,423 JPY8,620,000 Citibank 5/31/2017 (2,184)

 

The Bond Fund of America — Page 37 of 44

 

 

 

unaudited

 

 

Contract amount Counterparty Settlement
date		 Unrealized
(depreciation)
appreciation
at 3/31/2017
(000)
Purchases
(000)		 Sales
(000)
USD161,031 JPY18,000,000 Goldman Sachs 9/11/2017 $(1,828)
USD447,804 JPY50,000,000 Goldman Sachs 9/11/2017 (4,581)
USD46,191 JPY5,250,000 Citibank 9/13/2017 (1,314)
USD10,547 JPY1,170,000 JPMorgan Chase 11/10/2017 (73)
        $(11,634)

Swap contracts

Interest rate swaps

 

Receive Pay Expiration
date		 Notional
(000)		 Value at
3/31/2017
(000)		 Upfront
payments/
receipts
(000)		 Unrealized
(depreciation)
appreciation
at 3/31/2017
(000)
U.S. EFFR 1.035% 7/26/2017 $6,139,000 $(614) $— $(614)
U.S. EFFR 1.0335% 7/26/2017 9,836,000 (984) — (984)
0.207% SONIA 10/13/2018 £280,000 (512) — (512)
0.227% SONIA 10/14/2018 45,000 (65) — (65)
0.226% SONIA 10/14/2018 275,000 (403) — (403)
7.48% 28-day MXN-TIIE 1/11/2019 MXN3,460,000 1,063 — 1,063
7.46% 28-day MXN-TIIE 1/24/2019 1,960,000 582 — 582
1.385% U.S. EFFR 3/14/2019 $1,086,000 782 — 782
1.33125% U.S. EFFR 3/27/2019 450,000 (211) — (211)
1.329% U.S. EFFR 3/27/2019 430,000 (219) — (219)
3-month USD-LIBOR 0.821% 7/8/2019 95,000 1,802 — 1,802
1.36% 6-month NOK-NIBOR 12/19/2019 NKr1,030,000 300 — 300
1.35% 6-month NOK-NIBOR 2/21/2020 440,000 100 — 100
1.8725% 3-month USD-LIBOR 3/20/2020 $240,000 485 — 485
3-month USD-LIBOR 1.305% 4/25/2021 293,000 7,483 — 7,483
3-month USD-LIBOR 1.0695% 6/17/2021 160,000 5,882 — 5,882
3-month USD-LIBOR 1.086% 6/21/2021 74,000 2,682 — 2,682
3-month USD-LIBOR 2.1892% 8/13/2021 50,000 (422) — (422)
3-month USD-LIBOR 1.217% 9/22/2021 44,000 1,494 — 1,494
3-month USD-LIBOR 1.225% 9/22/2021 44,000 1,479 — 1,479
3-month USD-LIBOR 1.2255% 9/23/2021 478,500 16,087 — 16,087
3-month USD-LIBOR 1.25% 9/23/2021 430,000 14,005 — 14,005
3-month USD-LIBOR 1.225% 9/23/2021 346,500 11,660 — 11,660
3-month USD-LIBOR 1.2796% 10/11/2021 345,000 10,968 — 10,968
6-month EURIBOR 0.545% 1/11/2022 €352,000 199 — 199
1.88984% 3-month USD-LIBOR 1/17/2022 $350,000 (2,383) — (2,383)
3-month USD-LIBOR 1.917% 1/20/2022 118,000 660 — 660
1.967% 3-month USD-LIBOR 1/26/2022 150,000 (502) — (502)
3-month USD-LIBOR 2.01215% 2/2/2022 143,000 202 — 202
3-month USD-LIBOR 2.074% 2/17/2022 160,000 (211) — (211)
2.14086% 3-month USD-LIBOR 3/7/2022 170,400 740 — 740
2.1385% 3-month USD-LIBOR 3/7/2022 170,600 720 — 720
3-month USD-LIBOR 2.0525% 3/27/2022 150,000 27 — 27
2.8% 3-month USD-LIBOR 9/2/2022 785,000 4,270 — 4,270
1.176% 3-month USD-LIBOR 2/16/2023 240,000 (12,862) — (12,862)
1.615% 3-month USD-LIBOR 8/18/2023 270,000 (4,844) — (4,844)
1.309% 3-month USD-LIBOR 9/27/2023 27,000 (1,450) — (1,450)
2.031% 3-month USD-LIBOR 1/17/2024 80,000 (904) — (904)

 

The Bond Fund of America — Page 38 of 44

 

 

 

unaudited

 

 

Receive Pay Expiration
date		 Notional
(000)		 Value at
3/31/2017
(000)		 Upfront
payments/
receipts
(000)		 Unrealized
(depreciation)
appreciation
at 3/31/2017
(000)
3-month USD-LIBOR 2.202% 2/2/2024 $180,000 $110 $— $110
2.296% 3-month USD-LIBOR 3/21/2024 125,000 615 — 615
3-month USD-LIBOR 2.82125% 4/11/2024 22,000 (866) — (866)
3-month USD-LIBOR 2.7455% 6/19/2024 5,000 (171) — (171)
3-month USD-LIBOR 2.683% 8/4/2024 54,000 (1,622) — (1,622)
3-month USD-LIBOR 1.902% 2/2/2025 3,000 82 — 82
6-month JPY-LIBOR 0.5327% 3/4/2025 ¥6,100,000 (1,479) — (1,479)
2.59% 3-month USD-LIBOR 3/27/2025 $130,000 (39) — (39)
6-month JPY-LIBOR 0.46995% 11/17/2025 ¥6,250,000 (1,219) — (1,219)
3-month USD-LIBOR 2.1145% 12/10/2025 $10,000 168 — 168
3-month USD-LIBOR 2.149% 1/7/2026 10,000 145 — 145
3-month USD-LIBOR 2.0235% 1/13/2026 38,000 939 — 939
3-month USD-LIBOR 1.9615% 1/14/2026 110,000 3,271 — 3,271
6-month JPY-LIBOR 0.3822% 1/15/2026 ¥5,100,000 (636) — (636)
3-month USD-LIBOR 1.8855% 1/25/2026 $150,000 5,416 — 5,416
6-month JPY-LIBOR 0.228% 2/8/2026 ¥8,500,000 (6) — (6)
6-month JPY-LIBOR 0.20125% 2/18/2026 8,240,000 175 — 175
0.1223% 6-month JPY-LIBOR 5/11/2026 2,000,000 (187) — (187)
0.1173% 6-month JPY-LIBOR 5/13/2026 1,000,000 (98) — (98)
0.10855% 6-month JPY-LIBOR 5/16/2026 2,000,000 (211) — (211)
0.0188% 6-month JPY-LIBOR 6/16/2026 1,000,000 (183) — (183)
(0.00395)% 6-month JPY-LIBOR 6/17/2026 2,000,000 (398) — (398)
3-month USD-LIBOR 1.3805% 7/5/2026 $78,000 6,433 — 6,433
28-day MXN-TIIE 8.07% 1/1/2027 MXN910,000 (2,331) — (2,331)
0.22855% 6-month JPY-LIBOR 1/12/2027 ¥7,700,000 (230) — (230)
28-day MXN-TIIE 8.135% 1/14/2027 MXN515,000 (1,453) — (1,453)
2.191% 3-month USD-LIBOR 1/17/2027 $50,000 (842) — (842)
2.202% 3-month USD-LIBOR 1/17/2027 103,000 (1,635) — (1,635)
3-month USD-LIBOR 2.4695% 3/7/2027 181,000 (1,381) — (1,381)
3-month USD-LIBOR 2.47041% 3/7/2027 181,000 (1,396) — (1,396)
3-month USD-LIBOR 2.5705% 3/14/2027 212,000 (3,532) — (3,532)
2.4805% 3-month USD-LIBOR 3/21/2027 125,000 1,050 — 1,050
2.3335% 3-month USD-LIBOR 3/29/2027 112,000 (558) — (558)
2.333% 3-month USD-LIBOR 3/29/2027 150,000 (754) — (754)
3-month USD-LIBOR 2.7315% 3/27/2030 68,000 59 — 59
3-month USD-LIBOR 3.005% 9/2/2030 160,300 (3,184) — (3,184)
3-month USD-LIBOR 1.87% 8/18/2031 57,000 4,436 — 4,436
3.4275% 3-month USD-LIBOR 4/11/2034 23,000 2,759 — 2,759
2.523% 3-month USD-LIBOR 12/8/2035 5,000 (68) — (68)
3-month USD-LIBOR 3.34% 6/27/2044 70,000 (9,837) — (9,837)
3-month USD-LIBOR 3.206% 7/31/2044 24,000 (2,731) — (2,731)
3-month USD-LIBOR 3.238% 8/8/2044 25,000 (3,002) — (3,002)
3-month USD-LIBOR 2.7045% 1/2/2045 33,000 (354) — (354)
3-month USD-LIBOR 2.476% 1/9/2045 15,000 548 — 548
3-month USD-LIBOR 2.3505% 1/20/2045 3,000 188 — 188
1.4447% 6-month EURIBOR 5/25/2045 €13,700 216 — 216
3-month USD-LIBOR 2.943% 7/17/2045 $40,000 (2,437) — (2,437)
3-month USD-LIBOR 2.6995% 9/2/2045 40,000 (394) — (394)
3-month USD-LIBOR 2.7055% 9/2/2045 50,000 (556) — (556)
3-month USD-LIBOR 2.6785% 9/4/2045 60,000 (323) — (323)
3-month USD-LIBOR 2.516% 10/20/2045 72,000 2,080 — 2,080
3-month USD-LIBOR 2.525% 10/20/2045 48,000 1,296 — 1,296
3-month USD-LIBOR 2.5315% 10/26/2045 60,000 1,537 — 1,537

 

The Bond Fund of America — Page 39 of 44

 

 

 

unaudited

 

 

Receive Pay Expiration
date		 Notional
(000)		 Value at
3/31/2017
(000)		 Upfront
payments/
receipts
(000)		 Unrealized
(depreciation)
appreciation
at 3/31/2017
(000)
3-month USD-LIBOR 2.57082% 11/6/2045 $123,000 $2,134 $— $2,134
3-month USD-LIBOR 2.57067% 11/9/2045 13,200 230 — 230
3-month USD-LIBOR 2.6485% 11/16/2045 13,050 12 — 12
3-month USD-LIBOR 2.52822% 11/23/2045 17,800 469 — 469
3-month USD-LIBOR 2.4835% 12/3/2045 10,000 359 — 359
3-month USD-LIBOR 2.59125% 12/16/2045 67,250 886 — 886
3-month USD-LIBOR 2.4095% 1/14/2046 49,000 2,536 — 2,536
3-month USD-LIBOR 2.396% 1/19/2046 25,000 1,366 — 1,366
3-month USD-LIBOR 1.991% 6/13/2046 8,000 1,136 — 1,136
3-month USD-LIBOR 1.9905% 6/13/2046 4,000 569 — 569
1.803% 3-month USD-LIBOR 7/14/2046 11,000 (2,010) — (2,010)
3-month USD-LIBOR 2.403% 11/21/2046 25,000 1,355 — 1,355
2.542% 3-month USD-LIBOR 12/6/2046 17,000 (411) — (411)
2.5445% 3-month USD-LIBOR 12/6/2046 45,000 (1,063) — (1,063)
3-month USD-LIBOR 2.7265% 12/22/2046 97,000 (1,530) — (1,530)
3-month USD-LIBOR 2.46434% 1/17/2047 75,000 3,085 — 3,085
2.6625% 3-month USD-LIBOR 1/27/2047 35,000 69 — 69
2.664% 3-month USD-LIBOR 2/2/2047 56,000 125 — 125
2.66515% 3-month USD-LIBOR 2/2/2047 28,000 70 — 70
3-month USD-LIBOR 2.6915% 2/23/2047 16,000 (132) — (132)
2.70046% 3-month USD-LIBOR 3/7/2047 39,100 403 — 403
2.7005% 3-month USD-LIBOR 3/7/2047 38,900 401 — 401
3-month USD-LIBOR 2.798% 3/15/2047 26,000 (821) — (821)
3-month USD-LIBOR 2.743% 3/21/2047 52,500 (1,025) — (1,025)
3-month USD-LIBOR 2.654% 4/4/2047 4,000 — — —
          $— $52,709

 

The Bond Fund of America — Page 40 of 44

 

 

 

unaudited

 

Credit default swaps

Centrally cleared credit default swaps on credit indices — buy protection

 

Receive Pay/
Payment frequency		 Expiration
date		 Notional
(000)		 Value at
3/31/2017
(000)		 Upfront
payments
(000)		 Unrealized
depreciation
at 3/31/2017
(000)
CDX.NA.HY.25 5.00%/Quarterly 12/20/2020 $44,100 $(3,564) $(1,145) $(2,419)
CDX.NA.HY.28 5.00%/Quarterly 6/20/2022 460,600 (33,163) (32,742) (421)
          $(33,887) $(2,840)

The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.

 

1 Acquired in a transaction exempt from registration under Rule 144A or Section 4(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 $4,863,432,000, which represented 14.97% of the net assets of the fund.
2 Coupon rate may change periodically.
3 Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.
4 Scheduled interest and/or principal payment was not received.
5 Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $279,338,000, which represented .86% of the net assets of the fund.
6 Value determined using significant unobservable inputs.
7 Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $46,705,000, which represented .14% of the net assets of the fund.
8 Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Most recent payment was 100% cash unless otherwise noted.
9 A portion of this security was pledged as collateral. The total value of pledged collateral was $288,069,000, which represented .89% of the net assets of the fund.
10 Index-linked bond whose principal amount moves with a government price index.
11 Purchased on a TBA basis.
12 Security did not produce income during the last 12 months.
13 Notional amount is calculated based on the number of contracts and notional contract size.
14 Value is calculated based on the notional amount and current market price.
15 Amount less than one thousand.

 

The Bond Fund of America — Page 41 of 44

 

 

 

unaudited

 

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 of each share class of the fund is generally determined as of approximately 4:00 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. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

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.

Equity securities are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities, are generally valued at prices obtained from one or more 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; 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

When the fund’s investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. Exchange-traded futures are generally valued at the official settlement price of, or the last reported sale 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 or, lacking any sales, at the last available bid price. Prices for each future are taken from the exchange or market on which the security trades. The average month-end notional amount of futures contracts while held was $14,601,993,000. Forward currency contracts are valued at the mean of representative quoted bid and ask prices, generally based on prices supplied by one or more pricing vendors. The average month-end notional amount of open forward currency contracts while held was $1,126,551,000. Interest rate swaps and credit default swaps are generally valued by pricing vendors based on market inputs that include the index and term of index, reset frequency, payer/receiver, currency and pay frequency. The average month-end notional amounts of interest rate swaps and credit default swaps while held were $14,634,034,000 and $532,846,000, 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 authority of the fund’s 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;

 

The Bond Fund of America — Page 42 of 44

 

 

 

unaudited

 

contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; 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 and 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 delegated authority to 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 “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees with supplemental information to support the changes. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.

The fund’s investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.

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 March 31, 2017 (dollars in thousands):

 

  Investment securities
  Level 1 Level 2 Level 3 Total
Assets:        
Bonds, notes & other debt instruments:        
Corporate bonds & notes $— $10,831,834 $14,915 $10,846,749
U.S. Treasury bonds & notes — 9,611,738 — 9,611,738
Mortgage-backed obligations — 6,894,594 — 6,894,594
Asset-backed obligations — 2,873,889 25,353 2,899,242
Bonds & notes of governments & government agencies outside the U.S. — 806,176 — 806,176
Municipals — 294,640 — 294,640
Federal agency bonds & notes — 84,421 — 84,421
Preferred securities — 3,894 — 3,894
Common stocks — 1,312 5,302 6,614
Short-term securities — 3,851,266 — 3,851,266
Total $— $35,253,764 $45,570 $35,299,334

    

 

The Bond Fund of America — Page 43 of 44

 

 

 

unaudited

 

 

  Other investments*
  Level 1 Level 2 Level 3 Total
Assets:        
Unrealized appreciation on futures contracts $15,369 $— $— $15,369
Unrealized appreciation on open forward currency contracts — 617 — 617
Unrealized appreciation on interest rate swaps — 130,400 — 130,400
Liabilities:        
Unrealized depreciation on futures contracts (1,046) — — (1,046)
Unrealized depreciation on open forward currency contracts — (12,251) — (12,251)
Unrealized depreciation on interest rate swaps — (77,691) — (77,691)
Unrealized depreciation on credit default swaps — (2,840) — (2,840)
Total $14,323 $38,235 $— $52,558

 

* Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the investment portfolio.

 

Federal income tax information (dollars in thousands)

 

Gross unrealized appreciation on investment securities $396,239
Gross unrealized depreciation on investment securities (258,702)
Net unrealized appreciation on investment securities 137,537
Cost of investment securities 35,162,797

    

 

     
     
Key to abbreviations and symbols    
AUD = Australian dollars EUR/€ = Euros MXN = Mexican pesos
Agcy. = Agency EURIBOR = Euro Interbank Offered Rate NIBOR = Norwegian Interbank Offered Rate
AMT = Alternative Minimum Tax Fac. = Facility NOK/NKr = Norwegian kroner
ARS = Argentine pesos Facs. = Facilities Redev. = Redevelopment
Auth. = Authority Fin. = Finance Ref. = Refunding
BRL = Brazilian reais Fncg. = Financing Rev. = Revenue
CLO = Collateralized Loan Obligations GBP/£ = British pounds SGD = Singapore dollars
COP = Colombian pesos GHS=Ghanaian cedi SONIA = Sonio Overnight Deposit Rates
Dept. = Department G.O. = General Obligation TBA = To-be-announced
Dev. = Development INR = Indian rupees TIIE = Equilibrium Interbank Interest Rate
Dist. = District JPY/¥ = Japanese yen TRY = Turkish lira
Econ. = Economic KRW = South Korean won USD/$ = U.S. dollars
EFFR = Effective Federal Funds Rate LIBOR = London Interbank Offered Rate  

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 American Funds website at americanfunds.com.

 

 

MFGEFPX-008-0517O-S54119 The Bond Fund of America — Page 44 of 44

 

ITEM 2 – Controls and Procedures

 

The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

 

There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

 

 

ITEM 3 – Exhibits

 

The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

 

 
 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  THE BOND FUND OF AMERICA
   
  By /s/ John H. Smet
 

John H. Smet, Vice Chairman, President

and Principal Executive Officer

   
  Date: May 26, 2017

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

 

By /s/ John H. Smet

John H. Smet, Vice Chairman, President

and Principal Executive Officer

 
Date: May 26, 2017

 

 

 

By /s/ Brian C. Janssen

Brian C. Janssen, Treasurer and

Principal Financial Officer

 
Date: May 26, 2017