American Funds Inflation Linked Bd 529A (CNLAX)
| Fund Assets | 13.76B |
| Expense Ratio | 0.66% |
| Min. Investment | $250 |
| Turnover | 23.00% |
| Dividend (ttm) | 0.17 |
| Dividend Yield | 1.74% |
| Dividend Growth | 134.11% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 9.60 |
| YTD Return | 5.38% |
| 1-Year Return | 4.17% |
| 5-Year Return | 1.95% |
| 52-Week Low | 9.05 |
| 52-Week High | 9.64 |
| Beta (5Y) | n/a |
| Holdings | 157 |
| Inception Date | Jan 23, 2015 |
About CNLAX
American Funds Inflation Linked Bond Fund 529-A is a mutual fund designed to provide both inflation protection and income by primarily investing in inflation-linked securities, with a special focus on U.S. Treasury Inflation-Protected Securities (TIPS) and similar instruments. Its central purpose is to help investors preserve the purchasing power of their assets in environments where inflation may erode real returns. The fund maintains a diversified fixed-income portfolio, with roughly 88% of assets allocated to U.S. government bonds, and supplementary exposure to corporate bonds, asset-backed securities, and select non-U.S. government securities. This fund is actively managed by a team of experienced professionals who employ a flexible strategy within the inflation-protected bond category, which can sometimes result in performance that diverges from its peers. It is commonly used as a component within education savings vehicles, such as 529 plans, due to its explicit goal of inflation-adjusted returns. With an expense ratio of 0.68% and a focus on high credit quality and moderate interest rate sensitivity, the fund is positioned for investors seeking to mitigate the effects of rising prices on fixed-income investments while generating a stream of income.
Performance
CNLAX had a total return of 4.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.64%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
47.11% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes 0.154% | TII.0.125 01.15.31 | 9.24% |
| United States Treasury Notes 0.156% | TII.0.125 07.15.30 | 5.79% |
| United States Treasury Notes 1.826% | TII.1.75 01.15.34 | 4.85% |
| United States Treasury Notes 0.142% | TII.0.125 04.15.27 | 4.78% |
| United States Treasury Notes 1.76% | TII.1.625 10.15.27 | 4.65% |
| United States Treasury Notes 0.65% | TII.0.5 01.15.28 | 4.47% |
| United States Treasury Notes 0.156% | TII.0.125 01.15.30 | 4.24% |
| United States Treasury Bonds 2.221% | TII.2.125 02.15.54 | 3.50% |
| United States Treasury Notes 0.498% | TII.0.375 01.15.27 | 2.87% |
| United States Treasury Notes 2.204% | TII.2.125 04.15.29 | 2.72% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2024 | $0.1716 | Dec 19, 2024 |
| Dec 18, 2023 | $0.0733 | Dec 19, 2023 |
| Dec 19, 2022 | $0.5669 | Dec 20, 2022 |
| Dec 20, 2021 | $0.3637 | Dec 21, 2021 |
| Dec 21, 2020 | $0.4024 | Dec 22, 2020 |
| Dec 18, 2019 | $0.0935 | Dec 19, 2019 |