CCWEX

About CCWEX

American Funds Capital World Bond Fund 529E is a global bond mutual fund designed to offer broad diversification across both developed and emerging markets. As an actively managed strategy, it primarily invests in a wide range of sovereign and corporate bonds from over 60 countries, emphasizing prudent risk management and a conservative investment approach. The fund maintains exposure to both U.S. and non-U.S. bonds, with typical allocations having roughly 40% in U.S. bonds and over 50% in non-U.S. issues. With a large portfolio of hundreds of holdings, it seeks to produce consistent income, paying quarterly dividends and occasional capital gains distributions. The fund’s effective duration—an indicator of interest rate sensitivity—generally ranges above six years, which gives it moderate exposure to interest rate shifts. Established in 2002 as part of the American Funds 529 education savings program, its global reach positions it to benefit from diverse credit environments and currency dynamics, making it notable within the global fixed income sector for investors seeking worldwide bond market exposure within a single fund.