Investment Fund

Share Class

Summary

Internal Prompt
Balancing income and preservation. Limited-term bond strategy that seeks to reduce interest rate risk and diversify equity exposure by holding only investment-grade, dollar-denominated bonds in a portfolio with a dollar-weighted average effective maturity between three and five years.
Price at NAV $12.48 as of 7/12/2024 (updated daily)
Fund Assets (millions) $24,333.4
Portfolio Managers
5
Expense Ratio
(Gross/Net %)
0.63 / 0.62%

Internal Prompt

Returns at NAV

Returns at MOP

Read important investment disclosures
1.40%
1-year return
0.23%
5-year return
0.89%
10-year return
4.37%
30-Day SEC Yield
Returns as of 6/30/24 (updated monthly). Yield as of 6/30/24 (updated monthly).

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds90.9%
Non-U.S. Bonds5.1%
Cash & Equivalents
4.0%
As of 6/30/2024 (updated monthly)
Internal Prompt

Volatility & Return

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Fixed-Income

For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the fixed income funds
AIBAX
Bloomberg U.S. Government/Credit (1-7 years, ex BBB) Index
Other AF Funds
Standard Deviation as of 06/30/2024 (updated monthly) . Annualized return as of 06/30/2024 (updated monthly) .
VIEW LARGER CHART

Fund Statistics

3.9 years
Effective Duration
5%
Average Yield
to Worst
4.4%
Average Coupon
% of net assets as of 6/30/2024 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Limited Interest-Rate Sensitivity
Morningstar data as of 3/31/24 (updated quarterly)

Description

Objective
The fund's investment objective is to provide you with current income consistent with the maturity and quality standards described in this prospectus and preservation of capital.
Distinguishing Characteristics
Balancing income and preservation, this limited-term bond strategy seeks to reduce interest rate risk and diversify equity exposure by holding only investment-grade, dollar-denominated bonds in a portfolio with a dollar-weighted average effective maturity between three and five years.
Types of Investments
Primarily invests in corporate bonds, U.S. government bonds or notes, GNMA certificates and other mortgage-related securities, as well as cash.
Maturity
The fund's portfolio will have dollar-weighted average maturities of no less than three years and no greater than five years.
Portfolio Restrictions
The fund invests primarily in debt securities rated A or better and may invest up to 10% of its assets in debt securities rated BBB/Baa (or unrated, but determined by the fund’s investment adviser to be of equivalent quality).

Fund Facts

Fund Inception 2/19/1988
Fund Assets (millions)
As of 6/30/2024
$24,333.4
Companies/Issuers
Holdings are as of 6/30/2024 (updated monthly).
924+
Shareholder Accounts
Shareholder accounts are as of 5/31/2024
448,881
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 454%
Fiscal Year-End Aug
Prospectus Date 11/01/2023
CUSIP 458809 10 0
Fund Number 23

Returns

Internal Prompt

Month-End Returns as of 6/30/24

AIBAX
Bloomberg U.S. Government/Credit (1-7 years, ex BBB) Index

Quarter-End Returns as of 6/30/24

Growth of 10K

Read important investment disclosures
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2023.
AIBAX
Bloomberg U.S. Government/Credit (1-7 years, ex BBB) Index

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 3.79% N/A
Fund at MOP 3.69% 4.37%
As of 6/30/2024 (updated monthly)
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David J. Betanzos 5 22 26
Karen Choi 4 16 28
Vincent J. Gonzales 3 12 16
Fergus N. MacDonald 10 20 31
John R. Queen 3 22 34
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(522)
3-yr. Morningstar RatingTM
(522 funds rated)
5-yr. Morningstar RatingTM
(482 funds rated)
10-yr. Morningstar RatingTM
(354 funds rated)
Overall Morningstar Risk Above Average
HIGH
LOW
Category Short-Term Bond
Ratings are based on risk-adjusted returns as of 6/30/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated

(162)

(162)

(152)

(115)
Expense Within Category
Funds Rated

(38)

(38)

(37)

(32)
Preservation Within Category
Funds Rated

(6143)

(6143)

(5711)

(4181)
Tax Efficiency Within Category
Funds Rated

(163)

(163)

(153)

(116)
Total Return Within Category
Funds Rated

(163)

(163)

(153)

(116)
Category Sht-Int Inv Grd Dbt Fds
KEY
HIGHEST LOWEST
As of 6/30/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
3.01
Sharpe Ratio
-0.14
For the 10 Years ending 6/30/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Government/Credit (1-7 years, ex BBB) Index
Bloomberg US Agg Bond TR USD
R-squared 94 88
Beta 1.12 0.58
Capture Ratio (Downside/Upside) 115/106 51/57
American Funds Benchmark for the 10 Years ending 6/30/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 6/30/24 (updated monthly).
U.S. Treasuries/Agencies
19.0%
AAA/Aaa
50.9%
AA/Aa
4.4%
A
12.0%
BBB/Baa
7.4%
Unrated
2.3%
Cash & equivalents
4.0%
% of net assets as of 6/30/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
64.9%
5-9.9 Years
28.2%
10-19.9 Years
2.8%
20-29.9 Years
0.0%
30+ Years
--
% of net assets as of 6/30/2024 (updated monthly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 19.0%
Asset-backed obligations 13.6%
Non-U.S. government/agency securities 1.9%

% of net assets as of 6/30/2024 (updated quarterly)

Top Fixed-Income Issuers

U.S. Treasury
17.0%
Fannie Mae
12.4%
Federal Home Loan Mortgage
12.3%
UMBS
6.5%
Ginnie Mae II
1.4%
JPMorgan Chase
0.8%
AbbVie
0.6%
New Economy Assets - Phase I Issuer LLC USRE_2 ...
0.6%
FirstEnergy
0.6%
Edison International
0.5%

% of net assets as of 3/31/2024 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 07/12/24

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/24 02/01/24 $0.0390766 $0.00 $0.00 $0.00 $12.56
Daily 02/29/24 03/01/24 $0.0382368 $0.00 $0.00 $0.00 $12.36
Daily 03/28/24 04/01/24 $0.0405301 $0.00 $0.00 $0.00 $12.40
Daily 04/30/24 05/01/24 $0.0407921 $0.00 $0.00 $0.00 $12.17
Daily 05/31/24 06/03/24 $0.0410823 $0.00 $0.00 $0.00 $12.29
Daily 06/28/24 07/01/24 $0.0407559 $0.00 $0.00 $0.00 $12.34
2024 Year-to-Date: Dividends Subtotal: $0.24047369 Cap Gains Subtotal: $0.00
Total Distributions: $0.24047369

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.22%
Other Expenses 0.15%
Service 12b-1 0.26%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

Gross Net
AIBAX 0.63% 0.62%
Lipper Short-Intmdt Investment Grade Debt Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).