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American Funds Corporate Bond 529A COBAX

Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 9.41  /  +0.22 %
  • Total Assets 1.8 Bil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 3.56%
  • Effective Duration 7.10 years

USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:07 PM GMT+0

Morningstar’s Analysis COBAX

Will COBAX outperform in future?

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

A sound investment process and strong management team underpin American Funds Corporate Bond 529A's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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Portfolio Holdings COBAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 12.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

7.49 141.9 Mil
Cash and Equivalents

United States Treasury Notes 4.375%

3.35 63.4 Mil
Government

United States Treasury Notes 4.5%

2.51 47.5 Mil
Government

Pacific Gas and Electric Company 2.5%

1.16 22.0 Mil
Corporate

Cash And Other Assets Less Liablities

1.05 19.9 Mil
Cash and Equivalents

United States Treasury Notes 4.625%

0.88 16.6 Mil
Government

Servicenow Inc 1.4%

0.82 15.5 Mil
Corporate

The Boeing Company 2.75%

0.81 15.4 Mil
Corporate

United States Treasury Bonds 4.75%

0.79 15.0 Mil
Government

Firstenergy Transmission Llc 2.866%

0.75 14.2 Mil
Corporate