About CBOCX
American Funds Intermediate Bond Fund of America® 529-C is a diversified mutual fund focused on providing current income while maintaining moderate interest rate risk. This fund primarily invests in high-quality, investment-grade, dollar-denominated bonds, with a portfolio composed mostly of U.S. bonds (over 90%), and a smaller allocation to non-U.S. bonds and cash equivalents. Key holdings include mortgage-backed obligations, U.S. Treasury bonds, corporate bonds, and asset-backed securities, reflecting its broad approach across fixed-income sectors. With an effective duration of around 4.2 to 4.3 years, the fund targets the intermediate-term segment of the yield curve, aiming to reduce sensitivity to interest rate fluctuations compared to longer-duration instruments.
The 529-C share class specifically supports education savings within 529 college savings plans, making it accessible for those planning future educational expenses. Regular monthly dividends and a modest minimum investment requirement cater to consistent income-focused investors. As of mid-2025, the fund manages billions in assets and offers a transparent fee structure, with overall portfolio expenses slightly above the category average for comparable short- to intermediate-term investment-grade bond funds. The fund plays a notable role in portfolio diversification, particularly for investors seeking to balance equity exposure with fixed-income stability.
Fund Family Capital Group
Category Short-Term Bond
Performance Rating Low
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol CBOCX
Share Class Class 529-c
Index Bloomberg US Govt/Credit 1-7 Y Ex BBB TR
CBOCX had a total return of -1.60% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.33%.
