CBOCX

About CBOCX

American Funds Intermediate Bond Fund of America® 529-C is a diversified mutual fund focused on providing current income while maintaining moderate interest rate risk. This fund primarily invests in high-quality, investment-grade, dollar-denominated bonds, with a portfolio composed mostly of U.S. bonds (over 90%), and a smaller allocation to non-U.S. bonds and cash equivalents. Key holdings include mortgage-backed obligations, U.S. Treasury bonds, corporate bonds, and asset-backed securities, reflecting its broad approach across fixed-income sectors. With an effective duration of around 4.2 to 4.3 years, the fund targets the intermediate-term segment of the yield curve, aiming to reduce sensitivity to interest rate fluctuations compared to longer-duration instruments. The 529-C share class specifically supports education savings within 529 college savings plans, making it accessible for those planning future educational expenses. Regular monthly dividends and a modest minimum investment requirement cater to consistent income-focused investors. As of mid-2025, the fund manages billions in assets and offers a transparent fee structure, with overall portfolio expenses slightly above the category average for comparable short- to intermediate-term investment-grade bond funds. The fund plays a notable role in portfolio diversification, particularly for investors seeking to balance equity exposure with fixed-income stability.