CBNAX

About CBNAX

American Funds Emerging Markets Bond Fund Class 529-A is an open-end mutual fund focused on debt from developing economies. Its primary objective is to deliver a high level of total return by investing predominantly in **sovereign and corporate bonds** across emerging markets, with flexibility to hold **U.S. dollar–denominated and local-currency issues**. The portfolio is largely allocated to **non‑U.S. government and agency securities**, complemented by corporate bonds and a smaller sleeve of U.S. Treasuries, reflecting a diversified approach to country, currency, and credit exposures. Managed by Capital Group, the fund distributes **monthly income** and maintains an intermediate **effective duration** profile, aligning interest-rate sensitivity with its global credit strategy. It operates under a policy to invest at least **80% of net assets in bonds and other debt securities**, positioning it squarely within the emerging-markets bond category. With thousands of holdings across more than a hundred issuers and a multi-manager process, it seeks balanced exposure to hard- and local‑currency debt, aiming to capture income and spread opportunities while managing volatility typical of emerging markets fixed income.