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Morningstar

American Funds Interm Bd Fd of Amer R1 RBOAX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 12.33  /  0.33 %
  • Total Assets 23.4 Bil
  • Adj. Expense Ratio
    1.320%
  • Expense Ratio 1.320%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Small
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.59%
  • Effective Duration 4.27 years

USD | NAV as of Nov 29, 2023 | 1-Day Return as of Nov 29, 2023, 11:21 PM GMT+0

Morningstar’s Analysis RBOAX

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

People Pillar

The People Pillar is our evaluation of the RBOAX 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 RBOAX’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 RBOAX

More RBOAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 2044
  • Other Holdings 10
  • % Assets in Top 10 Holdings 18.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

16.31
3,776,181,829
Cash and Equivalents

Federal National Mortgage Association 6.5%

6.38
1,477,783,576
Securitized

United States Treasury Notes 4.625%

3.89
901,703,820
Government

Federal National Mortgage Association 5%

1.31
302,893,965
Securitized

United States Treasury Notes 4.25%

1.25
288,813,884
Government

Federal National Mortgage Association 6%

1.19
274,788,428
Securitized

Federal Home Loan Mortgage Corporation 5.5%

1.07
248,270,296
Securitized

United States Treasury Notes 4.625%

0.97
225,433,795
Government

United States Treasury Notes 0.161%

0.91
211,516,461
Government

United States Treasury Notes 4.125%

0.91
211,324,372
Government