American Funds Corporate Bond Fund Class 529-A (COBAX)
| Fund Assets | 1.95B |
| Expense Ratio | 0.72% |
| Min. Investment | $250 |
| Turnover | 216.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.99% |
| Dividend Growth | 5.11% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.98 |
| YTD Return | 1.24% |
| 1-Year Return | 8.03% |
| 5-Year Return | -1.49% |
| 52-Week Low | 9.22 |
| 52-Week High | 10.00 |
| Beta (5Y) | n/a |
| Holdings | 693 |
| Inception Date | Jul 29, 2016 |
About COBAX
The American Funds Corporate Bond Fund 529-A is a mutual fund focused on generating total return with a strong emphasis on capital preservation and prudent risk management. This fund primarily invests in U.S. dollar-denominated corporate bonds, concentrating at least 80% of its assets in debt securities rated investment grade (Baa3/BBB- or higher), while also including a modest allocation to non-U.S. bonds and cash equivalents. The portfolio typically holds hundreds of issuers across diverse industries, seeking to balance risk and reward via rigorous credit analysis and a research-driven selection process. Designed with total return as its core objective, the fund aims to deliver most of its returns through steady income, distributing dividends monthly to shareholders. Its effective duration—an indicator of interest rate sensitivity—tends to be in the intermediate range, and it maintains a well-diversified credit profile suitable for investors seeking exposure to high-quality corporate debt markets. The American Funds Corporate Bond Fund 529-A plays a key role in the financial market by providing an accessible vehicle for investors to gain diversified investment-grade corporate bond exposure while upholding a focus on risk management and income consistency.
Performance
COBAX had a total return of 8.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.33%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03258 | Feb 2, 2026 |
| Dec 31, 2025 | $0.03329 | Jan 2, 2026 |
| Nov 28, 2025 | $0.03162 | Dec 1, 2025 |
| Oct 31, 2025 | $0.03315 | Nov 3, 2025 |
| Sep 30, 2025 | $0.03277 | Oct 1, 2025 |
| Aug 29, 2025 | $0.03332 | Sep 2, 2025 |