Global Bond Fund

C000037827 Fund Overview

Global Bond Fund is a US mutual fund managed by American Funds Insurance Series, categorised as Intermediate Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: American Funds Insurance Series
• Category: Intermediate Total / Aggregate Bond
• Assets under management: $1.14B
• 1-year return: -0.1%
• SEC CIK: 0000729528
• SEC series ID: S000013796
• Share class ID: C000037827

C000037827 Investment Objective and Strategy

Global Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Funds Insurance Series.

Investment objective

The funds investment objective is to provide you, over the long term, with a high level of total return consistent with prudent investment management. Total return comprises the income generated by the fund and the changes in the market value of the funds investments.

Principal investment strategy

Under normal market circumstances, the fund invests at least 80% of its assets in bonds and other debt securities, which may be represented by derivatives. The fund invests primarily in debt securities, including asset-backed and mortgage-backed securities and securities of governmental, supranational and corporate issuers denominated in various currencies, including U.S. dollars. The fund will invest substantially in securities tied economically to a number of countries outside the United States, and such investments may include securities tied economically to developing countries. Normally, the fund invests substantially in investment-grade bonds (rated Baa3 or better or BBB or better by Nationally Recognized Statistical Rating Organizations designated by the funds investment adviser or unrated but determined to be of equivalent quality by the funds investment adviser).

The fund may also invest up to 25% of its assets in lower quality, higher yielding debt securities (rated Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating Organizations designated by the funds investment adviser or unrated but determined to be of equivalent quality by the funds investment adviser). Such securities are sometimes referred to as junk bonds. The total return of the fund will be the result of interest income, changes in the market value of the funds investments and changes in the values of other currencies relative to the U.S. dollar. The fund may invest in forward currency contracts, futures contracts and swaps, which are types of derivatives. A derivative is a financial contract, the value of which is based on the value of an underlying financial asset (such as a stock, bond or currency), a reference rate or a market index.

The investment adviser uses a system of multiple portfolio managers in managing the funds assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers. The fund relies on the professional judgment of its investment adviser to make decisions about the funds portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

C000037827 Holdings

Top 10 holdings of Global Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000037827 holdings

C000037827 Portfolio Allocation

Asset-class allocation of Global Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000037827 Performance

Total returns for C000037827 (as of 2026-10-01), from SEC filings.

C000037827 Risk Information

Risk metrics for C000037827, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 5.4%

C000037827 Costs and Fees

C000037827 costs about $48 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.48%
• Gross expense ratio: 0.48%
• Portfolio turnover: 106%
• Brokerage commissions: 0.07 bps of average net assets (SEC N-CEN)

C000037827 Cashflows

Over the 12 months to 2026-06, Global Bond Fund had net outflows of $275.94M, from monthly SEC N-PORT filings.

C000037827 Debt Constituents

Largest debt holdings of Global Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000037827 Prospectus and SEC Filings

Official Global Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-04-30
• Prospectus (485BPOS) — filed 2025-04-30
• Prospectus (485BPOS) — filed 2024-04-30
• Portfolio holdings (N-PORT) — filed 2026-08-27
• Portfolio holdings (N-PORT) — filed 2026-05-28
• Portfolio holdings (N-PORT) — filed 2026-02-26
• Annual census (N-CEN) — filed 2026-03-16
• Annual census (N-CEN) — filed 2025-03-17

Related Funds

Other Intermediate Total / Aggregate Bond funds tracked on ABC INVEST:

• Vanguard Total Bond Market Index Fund (VBMFX)
• Vanguard Total Bond Market II Index Fund (VTBIX)
• Vanguard Total International Bond II Index Fund (VTIIX)
• iShares Core U.S. Aggregate Bond ETF (AGG)
• Vanguard Total International Bond Index Fund (VTIBX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.