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Morningstar

American Funds Interm Bd Fd of Amer R3 RBOCX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 12.65  /  0.16 %
  • Total Assets 25.4 Bil
  • Adj. Expense Ratio
    0.870%
  • Expense Ratio 0.870%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 1.88%
  • Effective Duration 3.43 years

USD | NAV as of Jan 25, 2023 | 1-Day Return as of Jan 25, 2023, 11:15 PM GMT+00:00

Morningstar’s Analysis RBOCX

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

People Pillar

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

More sensitive to rates than credit.

Analyst

Summary

| by Sam Kulahan

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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