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Morningstar

American Funds Interm Bd Fd of Amer F2 IBAFX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
12.55  /  0.49 %
Total Assets
25.0 Bil
Adj. Expense Ratio
0.340%
Expense Ratio
0.340%
Distribution Fee Level
Below Average
Share Class Type
No Load
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
High / Limited
Min. Initial Investment
250
Status
Open
TTM Yield
2.13%
Effective Duration
3.86 years

USD | NAV as of Dec 07, 2022 | 1-Day Return as of Dec 07, 2022, 10:39 PM GMT+00:00

Morningstar’s Analysis IBAFX

Will IBAFX 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 IBAFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the IBAFX 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 IBAFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

More sensitive to rates than credit.

Analyst

Summary

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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.

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