Fund Evaluator:
Capital Group Core Bond Completion Fund (CBCFX)
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Fund Details
Capital Group Core Bond Completion Fund Overview
Capital Group Core Bond Completion Fund (CBCFX) is an actively managed Taxable Bond Intermediate Core Bond fund. Capital Group launched the fund in 2024.
The investment seeks to provide as high a level of current income as is consistent with the preservation of capital. Normally the fund invests at least 80% of its assets in bonds and other debt securities, which may be represented by derivatives. The fund may invest in U.S. and non-U.S. corporate debt securities and mortgage-backed securities issued by government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government, such as securities issued by Fannie Mae or Freddie Mac.
About Capital Group Core Bond Completion Fund (CBCFX)
There are 5 members of the management team with an average tenure of 2.13 years: Fergus MacDonald (2024), Pramod Atluri (2024), David Betanzos (2024), Chit Purani (2024), David Hoag (2024). Management tenure is more important for actively managed funds than passive index funds.
Capital Group Core Bond Completion Fund has 428 securities in its portfolio. The top 10 holdings constitute 15.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Capital Group Core Bond Completion Fund is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Capital Group Core Bond Completion Fund has 14.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.8% (81.2% domestic bond, 14.6% foreign bond and 0.0% convertible bond). Capital Group Core Bond Completion Fund has 4.2% of the portfolio in cash.
Assets Under Management
The fund has $56 million in total assets, which is below the $3 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CBCFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Capital Group Core Bond Completion Fund expense ratio is low compared to funds in the Intermediate Core Bond category. Capital Group Core Bond Completion Fund has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Capital Group Core Bond Completion Fund has a portfolio turnover rate of 453%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 152% for the Intermediate Core Bond category.
Recently, in the month of November 2025, Capital Group Core Bond Completion Fund returned 0.6%, which earned it a grade of F, as the Intermediate Core Bond category had an average return of 2.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Capital Group Core Bond Completion Fund has a trailing yield of 4.58%, which is above the 4.09% category average. The fund normally distributes its income monthly and its capital gains semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Capital Group Core Bond Completion Fund Grades
Year to date, the fund has returned 7.4%, 8.2 percentage points better than the category, which translates into a grade of A. The fund has returned 5.9% over the past year (grade of A).
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CBCFX Trailing NAV Total Returns Data as of 11/30/25
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CBCFX Return (NAV) | 0.6% | 1.5% | 5.9% | na | na | na |
| CBCFX Grade | F | A | A | na | na | na |
| +/- Category | -1.7% | 1.6% | 6.4% | na | na | na |
| Intermediate Core Bond Avg | 2.3% | -0.1% | -0.5% | 5.3% | -0.3% | 1.4% |
| CBCFX Tax Cost Ratio | na | na | 1.9% | na | na | na |
CBCFX Annual NAV Total ReturnsData as of 11/30/25
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
| CBCFX Return (NAV) | 7.4% | na | na | na | na | na | na | na | na | na | na |
| CBCFX Grade | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 8.2% | na | na | na | na | na | na | na | na | na | na |
| Intermediate Core Bond Avg | -0.8% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.6% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $56 Mil |
| Fund Total Assets: | $ 56 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 453% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 2.1 years | |||
| Average Tenure: 2.1 years | |||
| Managers (Year): MacDonald Fergus (2024), Atluri Pramod (2024), Betanzos David (2024), Purani Chit (2024), Hoag David (2024) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 428 |
| % in Top 10 Holdings: | 15.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 14.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 81.2% |
| Foreign Bond: | 14.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.2% |
Purchase Information
| Fund Family: | Capital Group |
| Phone Number: | 800-421-4225 |
| Website: |
| Status: | Open |
| Inception Date: | September 13, 2024 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.00% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.57% |
| Share Class: | Capital Group Core Bond Completion Fund |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
