Investment Fund

Share Class
Purchase Restrictions: Class 529-F-1 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
Balancing income and preservation. Limited-term bond strategy that seeks to reduce interest rate risk and diversify equity exposure by holding only investment-grade, dollar-denominated bonds in a portfolio with a dollar-weighted average effective maturity between three and five years.
Price at NAV $12.42 as of 11/20/2024 (updated daily)
Fund Assets (millions) $25,072.5
Portfolio Managers
5
Expense Ratio
(Gross/Net %)
0.76 / 0.73%
Quarterly Fund Fact Sheet (PDF)
Prospectus
Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds91.8%
Non-U.S. Bonds3.8%
Cash & Equivalents
4.4%
As of 10/31/2024 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Fixed-Income

For Class 529-F-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the fixed income funds
CBOFX
Bloomberg U.S. Government/Credit (1-7 years, ex BBB) Index
Other AF Funds
Standard Deviation as of 10/31/2024 (updated monthly) . Annualized return as of 10/31/2024 (updated monthly) .
VIEW LARGER CHART

Fund Statistics

4 years
Effective Duration
5.2%
Average Yield
to Worst
4.3%
Average Coupon
% of net assets as of 10/31/2024 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Limited Interest-Rate Sensitivity
Morningstar data as of 9/30/24 (updated quarterly)

Description

Objective
The fund's investment objective is to provide you with current income consistent with the maturity and quality standards described in this prospectus and preservation of capital.
Distinguishing Characteristics
Balancing income and preservation, this limited-term bond strategy seeks to reduce interest rate risk and diversify equity exposure by holding only investment-grade, dollar-denominated bonds in a portfolio with a dollar-weighted average effective maturity between three and five years.
Types of Investments
Primarily invests in corporate bonds, U.S. government bonds or notes, GNMA certificates and other mortgage-related securities, as well as cash.
Maturity
The fund's portfolio will have dollar-weighted average maturities of no less than three years and no greater than five years.
Portfolio Restrictions
The fund invests primarily in debt securities rated A or better and may invest up to 10% of its assets in debt securities rated BBB/Baa (or unrated, but determined by the fund’s investment adviser to be of equivalent quality).

Fund Facts

Fund Inception 2/19/1988
Fund Assets (millions)
As of 10/31/2024
 $25,072.5
Companies/Issuers
Holdings are as of 10/31/2024 (updated monthly).
 965+
Shareholder Accounts
Shareholder accounts are as of 10/31/2024
 1
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 360%
Fiscal Year-End Aug
Prospectus Date 11/01/2024
CUSIP 458809 88 6
Fund Number 1423

Returns

Internal Prompt

Month-End Returns as of 10/31/24

Returns at NAV
| at MOP
Read important investment disclosures
CBOFX
Bloomberg U.S. Government/Credit (1-7 years, ex BBB) Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/24

Growth of 10K

Read important investment disclosures

High & Low Prices

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 4.10% 4.36%
Fund at MOP N/A N/A
As of 10/31/2024 (updated monthly)
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David J. Betanzos 5 22 26
Karen Choi 4 16 28
Vincent J. Gonzales 3 12 16
Fergus N. MacDonald 10 20 31
John R. Queen 3 22 34
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(516)
3-yr. Morningstar RatingTM
(516 funds rated)
5-yr. Morningstar RatingTM
(486 funds rated)
10-yr. Morningstar RatingTM
(367 funds rated)
Overall Morningstar Risk Above Average
HIGH
LOW
Category
Short-Term Bond
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 10/31/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(159)
(159)
(150)
(120)
Expense Within Category
Funds Rated
(101)
(101)
(94)
(71)
Preservation Within Category
Funds Rated
(6105)
(6105)
(5684)
(4192)
Tax Efficiency Within Category
Funds Rated
(159)
(159)
(150)
(120)
Total Return Within Category
Funds Rated
(159)
(159)
(150)
(120)
Category Sht-Int Inv Grd Dbt Fds
KEY
HIGHEST LOWEST
As of 10/31/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
3.15
Sharpe Ratio
-0.06
For the 10 Years ending 10/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Government/Credit (1-7 years, ex BBB) Index
Bloomberg US Agg Bond TR USD
R-squared
94 88
Beta
1.13 0.59
Capture Ratio (Downside/Upside)
113/109 50/61
American Funds Benchmark for the 10 Years ending 10/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 10/31/24 (updated monthly).
U.S. Treasuries/Agencies
23.9%
AAA/Aaa
49.2%
AA/Aa
4.0%
A
10.3%
BBB/Baa
5.9%
Unrated
2.3%
Cash & equivalents
4.4%
% of net assets as of 10/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
75.4%
5-9.9 Years
19.4%
10-19.9 Years
0.5%
20-29.9 Years
0.0%
30+ Years
--
% of net assets as of 9/30/2024 (updated monthly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 23.3%
Asset-backed obligations 14.7%
Non-U.S. government/agency securities 1.6%

% of net assets as of 9/30/2024 (updated quarterly)

Top Fixed-Income Issuers

U.S. Treasury
23.6%
Federal Home Loan Mortgage
11.0%
Fannie Mae
10.9%
UMBS
5.3%
Ginnie Mae II
1.3%
New Economy Assets - Phase I Issuer LLC USRE_2 ...
0.6%
AbbVie
0.5%
JPMorgan Chase
0.5%
FirstEnergy
0.4%
Wells Fargo
0.4%

% of net assets as of 10/31/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2024

Historical Prices Year-End

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Historical Distributions as of 11/20/24

FIND HISTORICAL DISTRIBUTIONS
2024
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/24 02/01/24 $0.0405873 $0.00 $0.00 $0.00 $12.55
Daily 02/29/24 03/01/24 $0.0397204 $0.00 $0.00 $0.00 $12.36
Daily 03/28/24 04/01/24 $0.0416526 $0.00 $0.00 $0.00 $12.40
Daily 04/30/24 05/01/24 $0.0430141 $0.00 $0.00 $0.00 $12.17
Daily 05/31/24 06/03/24 $0.0430416 $0.00 $0.00 $0.00 $12.28
Daily 06/28/24 07/01/24 $0.04256 $0.00 $0.00 $0.00 $12.34
Daily 07/31/24 08/01/24 $0.0462222 $0.00 $0.00 $0.00 $12.53
Daily 08/30/24 09/03/24 $0.0446357 $0.00 $0.00 $0.00 $12.65
Daily 09/30/24 10/01/24 $0.0433697 $0.00 $0.00 $0.00 $12.75
Daily 10/31/24 11/01/24 $0.0448681 $0.00 $0.00 $0.00 $12.47
2024 Year-to-Date: Dividends Subtotal: $0.42967173 Cap Gains Subtotal: $0.00
Total Distributions: $0.42967173

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.24%
Other Expenses 0.27%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

Gross Net
CBOFX 0.76% 0.73%
Lipper Short-Intmdt Investment Grade Debt Funds Average
0.69%
Fund as of most recent prospectus. Lipper Category as of 9/30/24 (updated quarterly).