About CBNAX
American Funds Emerging Markets Bond Fund Class 529-A is a mutual fund designed for investors saving for college through 529 plans. Its primary objective is to provide a high level of total return over the long term, with current income forming a large component. The fund invests primarily in emerging markets debt securities, allocating the majority of its assets to non-U.S. bonds, including sovereign and government agency securities as well as corporate bonds, notes, and loans. These holdings are denominated in both U.S. dollars and local currencies, offering exposure to issuers from countries such as Poland, South Africa, Indonesia, Malaysia, Brazil, Colombia, and Peru. Complementing these are smaller positions in U.S. bonds, minimal equities, and cash equivalents. Managed by Capital Group, the fund pays regular monthly dividends and semiannual capital gains, with a minimum initial investment of $250, making it accessible for 529 plan participants seeking income and growth potential from emerging markets fixed income.
Fund Family Capital Group
Category Emerging Markets Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol CBNAX
Share Class Class 529-a
Index JP Morgan EMBI Global Diversified TR
CBNAX had a total return of 9.79% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.20%.
