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American Funds Interm Bd Fd of Amer R5 RBOFX

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American Funds Intermediate Bond Fund of America Announces an Upcoming Retirement; Ratings Unchanged

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Analyst Note

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On July 1, 2020, Capital Group announced that Mark Brett is set to retire from the firm at the end of 2020. Brett, whose investment career spans four decades, has been at Capital Group for 26 years and is the principal investment officer for American Funds Intermediate Bond Fund of America. In anticipation of Brett's retirement, John Queen and Vincent Gonzales joined the portfolio management roster of the strategy, effective July 1, 2020. Comanagers Fergus MacDonald, David Betanzos, and Karen Choi remain in place. Queen, a Capital Group veteran and principal investment officer for American Funds Short-Term Bond Fund of America ASBAX, will take over as principal investment officer for this strategy upon Brett's retirement. Gonzales, a securitized specialist who joined the firm in 2012, has been a comanager on American Funds Short-Term Bond Fund of America since 2016.

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