About CBNCX
American Funds Emerging Markets Bond Fund 529-C is a mutual fund focused on fixed income securities from developing economies. Its primary objective is to deliver a high level of total return over the long term, with current income as a significant component. The portfolio emphasizes **non‑U.S. bonds**, with a broad mix across sovereign, quasi-sovereign, and corporate issuers, and minimal equity exposure. Key portfolio characteristics include an effective duration of about 5.8 years and an average yield to worst near 7.6%, reflecting exposure to emerging‑market interest rate and credit dynamics. The fund is actively managed by Capital Research and Management Company, drawing on global research to balance local‑currency and hard‑currency opportunities while managing risk. Regular monthly dividend distributions support its income orientation, and portfolio turnover indicates an intermediate level of active positioning. Since its 2016 inception, the strategy has aimed to provide diversification benefits for investors seeking bond exposure beyond developed markets, aligning with those looking to access the income potential and evolving credit profiles of emerging economies within a single, professionally managed vehicle.
Fund Family Capital Group
Category Emerging Markets Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol CBNCX
Share Class Class 529-c
Index JP Morgan EMBI Global Diversified TR
CBNCX had a total return of 15.46% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.19%.
