CBOAX

About CBOAX

American Funds Intermediate Bond Fund of America Class 529-A is an open-end mutual fund designed primarily to provide current income while adhering to specific maturity and quality standards. Focused largely on U.S. fixed-income securities, this fund maintains a portfolio consisting mostly of government-backed mortgage obligations, U.S. Treasury bonds and notes, corporate debt, and asset-backed securities. With an effective duration of about 4.2 years, the fund is structured to moderate interest rate risk typically associated with intermediate-term bonds. As of mid-2025, it manages assets exceeding $26 billion and holds positions in over 980 issuers, emphasizing broad diversification across the fixed-income universe. The fund distributes income monthly, catering to investors seeking steady cash flow for education savings vehicles. Its investment approach and composition are aligned with intermediate-term bond market benchmarks, making it a significant component for investors aiming for a balance of income generation and risk management in their college savings or broader fixed-income strategies.