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Morningstar

American Funds Interm Bd Fd of Amer A AIBAX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 12.01  /  0.48 %
  • Total Assets 23.0 Bil
  • Adj. Expense Ratio
    0.630%
  • Expense Ratio 0.630%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 3.08%
  • Effective Duration 4.09 years

USD | NAV as of Oct 03, 2023 | 1-Day Return as of Oct 03, 2023, 10:09 PM GMT+0

Morningstar’s Analysis AIBAX

Will AIBAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AIBAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the AIBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of AIBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

More sensitive to rates than credit.

Senior Analyst Sam Kulahan

Sam Kulahan

Senior Analyst

Summary

American Funds Intermediate Bond Fund of America structurally carries more interest-rate risk than many of its short-term bond Morningstar Category peers but benefits from a well-executed, conservative approach to credit risk. Its advantages are enough to award the strategy's cheapest share classes a Morningstar Analyst Rating of Bronze, while its more expensive share classes earn Neutral or Negative ratings.

by Sam Kulahan
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings AIBAX

More AIBAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1877
  • Other Holdings 13
  • % Assets in Top 10 Holdings 18.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

8.56
2,024,418,986
Cash and Equivalents

United States Treasury Notes 4.625%

4.05
957,527,605
Government

United States Treasury Notes 3.875%

3.07
725,798,324
Government

United States Treasury Notes 4.25%

2.98
705,201,087
Government

Federal National Mortgage Association 5%

1.70
400,969,329
Securitized

Federal National Mortgage Association 6%

1.41
333,869,380
Securitized

Federal Home Loan Mortgage Corporation 5.5%

1.14
268,919,235
Securitized

Federal National Mortgage Association 4.5%

0.94
221,693,942
Securitized

United States Treasury Notes 4.125%

0.93
220,526,721
Government

United States Treasury Notes 0.145%

0.92
216,893,899
Government