Intermediate Bond Fund of America - A | American Funds

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

BOND FUNDS

®

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 $12.34 as of 9/30/2022 (updated daily)
Fund Assets (millions) $26,398.6
Portfolio Managers
5
Expense Ratio
0.61%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
-8.82%
1-year return
0.41%
5-year return
0.70%
10-year return
4.18%
30-Day SEC Yield
Returns as of 8/31/22 (updated monthly). Yield as of 8/31/22 (updated monthly).

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds90.6%
Non-U.S. Bonds8.0%
Cash & Equivalents
1.4%
U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds90.6%
Non-U.S. Bonds8.0%
Cash & Equivalents
1.4%
As of 8/31/2022 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2021.
AIBAX
Bloomberg U.S. Government/Credit (1-7 years, ex BBB) Index

High & Low Prices

Fund Statistics

3.6 years
Effective Duration
3.7%
Average Yield
to Worst
2%
Average Coupon
% of net assets as of 6/30/2022 (updated quarterly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Limited Interest-Rate Sensitivity
Morningstar data as } of 6/30/22 (updated quarterly)

Description

Fund 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 8/31/2022
$26,398.6
Companies/Issuers
Holdings are as of 6/30/2022 (updated quarterly).
676+
Shareholder Accounts
Shareholder accounts are as of 8/31/2022
494,071
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2021) 434%
Fiscal Year-End Aug
Prospectus Date 11/01/2021
CUSIP 458809 10 0
Fund Number 23

Returns

Internal Prompt

Month-End Returns as of 8/31/22

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

Quarter-End Returns as of 6/30/22

Internal Prompt

Volatility & Return

Read important investment disclosures

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 08/31/2022 (updated monthly) . Annualized return as of 08/31/2022 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.74% N/A
Fund at MOP 1.69% 4.18%
As of 8/31/2022 (updated monthly)

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David J. Betanzos 3 20 21
Karen Choi 2 14 23
Vincent J. Gonzales 1 9 15
Fergus N. MacDonald 8 18 29
John R. Queen 1 19 32
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(550)
3-yr. Morningstar RatingTM
(550 funds rated)
5-yr. Morningstar RatingTM
(487 funds rated)
10-yr. Morningstar RatingTM
(335 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category Short-Term Bond
Ratings are based on risk-adjusted returns as of 8/31/2022 (updated monthly).

Risk Measures

Fund
Standard Deviation
2.14
Sharpe Ratio
0.14
For the 10 Years ending 8/31/22 (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 93 85
Beta 0.96 0.54
Capture Ratio (Downside/Upside) 102/99 49/54
American Funds Benchmark for the 10 Years ending 6/30/22 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 8/31/22 (updated monthly).
U.S. Treasuries/Agencies
38.0%
AAA/Aaa
34.3%
AA/Aa
5.1%
A
9.6%
BBB/Baa
7.3%
BB/Ba
0.2%
Unrated
2.5%
Cash & equivalents
2.5%
% of net assets as of 6/30/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years
69.1%
5-9.9 Years
22.7%
10-19.9 Years
1.8%
20-29.9 Years
0.8%
30+ Years
--
% of net assets as of 3/31/2022 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 36.5%
Asset-backed obligations 7.9%
Other 4.0%
Federal agency bonds & notes 1.3%
Municipal securities 0.1%

% of net assets as of 6/30/2022 (updated quarterly)

Top Fixed-Income Issuers

U.S. Treasury
36.5%
UMBS
13.4%
Ginnie Mae II
3.2%
Fannie Mae
2.9%
Federal Home Loan Mortgage
1.6%
Morgan Stanley
0.8%
JPMorgan Chase
0.7%
NEW ECONOMY ASSETS - PHASE I ISSUER LLC USRE_2 ...
0.6%
Bank of America
0.5%
PG&E
0.5%

% of net assets as of 6/30/2022 (updated quarterly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 09/30/22

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/22 02/01/22 $0.0116484 $0.00 $0.00 $0.00 $13.58
Daily 02/28/22 03/01/22 $0.0084388 $0.00 $0.00 $0.00 $13.51
Daily 03/31/22 04/01/22 $0.0179674 $0.00 $0.00 $0.00 $13.22
Daily 04/29/22 05/02/22 $0.020481 $0.00 $0.00 $0.00 $12.98
Daily 05/31/22 06/01/22 $0.0301966 $0.00 $0.00 $0.00 $13.01
Daily 06/30/22 07/01/22 $0.0178852 $0.00 $0.00 $0.00 $12.87
Daily 07/29/22 08/01/22 $0.0319896 $0.00 $0.00 $0.00 $13.05
Daily 08/31/22 09/01/22 $0.0402612 $0.00 $0.00 $0.00 $12.75
Daily 09/30/22 10/03/22 $0.0134728 $0.00 $0.00 $0.00 $12.34
2022 Year-to-Date: Dividends Subtotal: $0.19234101 Cap Gains Subtotal: $0.00
Total Distributions: $0.19234101

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.17%
Other Expenses 0.14%
Service 12b-1 0.30%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

AIBAX 0.61%
Lipper Short-Intmdt Investment Grade Debt Funds Average
0.76%
Fund as of most recent prospectus. Lipper Category as of 6/30/22 (updated quarterly).

Resources

Prospectuses & Reports for AIBAX