capital world bond fund a careful composition closer look at the s portfolio annual report for year ended september 30 2006 right choice long term seeks to maximize total return consistent with prudent management by investing primarily in global of investment grade bonds denominated us dollars and other currencies may also invest lower quality high yield debt securities this is one american funds organization ranks among nation three largest mutual families 75 years research company sm adviser has invested focus based on thorough attention risk figures shown are past results class shares not predictive future periods current be or higher than those share prices returns will vary so investors lose money short makes losses more likely investments fdic insured nor they deposits guaranteed bank any entity information month end visit