About CBNCX
American Funds Emerging Markets Bond Fund 529-C is a mutual fund class designed specifically for 529 college savings plans. Its primary objective is to provide a high level of total return over the long term, with current income as a significant component. The fund invests at least 80% of its net assets in emerging markets bonds, including non-U.S. government and agency securities, corporate bonds, notes, loans, quasi-sovereigns, and U.S. dollar-denominated or local-currency issues. It maintains a portfolio allocation heavily weighted toward non-U.S. bonds, around 87%, supplemented by minimal U.S. bonds, equities, and cash equivalents. Key characteristics include an effective duration of approximately 5.7 years, monthly regular dividends, and capital gains distributions in June and December. Managed by experienced professionals such as Robert Burgess, Luis Freitas De Oliveira, and Kirstie Spence, the fund holds over 175 companies or issuers, focusing on the emerging markets bond category. With a minimum initial investment of $250, it serves investors seeking income and total return potential from developing economies' debt markets through a dedicated 529 plan share class.
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 9.54% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.55%.
