About FFOOX
American Funds Intermediate Bond Fund of America 529-F-2 is a fixed-income mutual fund designed to deliver current income while maintaining standards of maturity and credit quality. As part of the American Funds lineup, this fund primarily invests in U.S. dollar-denominated, investment-grade bonds, with a notable emphasis on mortgage-backed securities, U.S. Treasury bonds and notes, as well as corporate and asset-backed obligations. The fund holds over 980 issuers, with its portfolio as of June 2025 composed of approximately 89% U.S. bonds and 4% cash equivalents, and maintains an effective duration of about 4.2 years, balancing yield and interest rate sensitivity. Regular monthly income distributions are a hallmark feature, reflecting its core purpose for investors seeking income and stability in educational savings vehicles, such as 529 plans. With assets exceeding $26 billion, the fund plays a significant role in providing fixed-income diversification for long-term investors, especially those focused on balancing risk and income needs in the context of college savings accounts. Its expense ratio remains competitive versus peer funds, further solidifying its position among intermediate-term bond strategies in the U.S. market.
Fund Family Capital Group
Category Short-Term Bond
Performance Rating Low
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol FFOOX
Share Class Class 529-f-2
Index Bloomberg US Govt/Credit 1-7 Y Ex BBB TR
FFOOX had a total return of -0.69% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.67%.
