American Funds Corporate Bond 529-A (COBAX)

Fund Assets	1.84B
Expense Ratio	0.711%
Min. Investment	$250
Turnover	226.00%
Dividend (ttm)	0.39
Dividend Yield	4.38%
Dividend Growth	-1.79%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.95
YTD Return	-3.28%
1-Year Return	-3.20%
5-Year Return	-6.37%
52-Week Low	8.90
52-Week High	9.72
Beta (5Y)	0.14
Holdings	741
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.

• Fund Family: Capital Group
• Category: Corporate Bond
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: COBAX
• Share Class: Class 529-a
• Index: Bloomberg U.S. Corp Investment Grade TR

Performance

COBAX had a total return of -3.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.60%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
CFBFX	Class F-3	0.32%
RCBFX	Class R-6	0.32%
FBCDX	Class 529-f-3	0.37%
RCBEX	Class R-5	0.41%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.0337	Oct 1, 2026
Aug 31, 2026	$0.03453	Sep 1, 2026
Jul 31, 2026	$0.0318	Aug 3, 2026
Jun 30, 2026	$0.03219	Jul 1, 2026
May 29, 2026	$0.03327	Jun 1, 2026
Apr 30, 2026	$0.03266	May 1, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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